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Aussie Trading Room and Cartoons Gallery

  • #2,221
  • Jul 31, 2012 1:51am Jul 31, 2012 1:51am
Range of 1,0530-1,0580 was a MUST target for long. What we can have after that is a retracement, reversal is not due yet.

@DB: is you scream short long enough, eventually you'll be right.

BR
  • #2,222
  • Jul 31, 2012 1:52am Jul 31, 2012 1:52am
Quoting DaddyBear
Hi 2+2=4ex, thanks for dropping by. No more cartoons?
Hello DB! No cartoons right now. I will try and draw one up soon. I like the ones you put up recently. They are all very nice. Keep up the good thread.
  • #2,223
  • Jul 31, 2012 1:52am Jul 31, 2012 1:52am
Quoting shenkw85
Hi guys
Have been reading this forum quite often becos i find it very entertaining at the same time interesting with charts and pictures. I have got short @ 1.033 adn 1.037 still opening but anyway what's DD problem?
Thanks
Welcome, shenkw85! It's always easier to read something with illustrations. My goal is to provide a friendly setting for members and visitors. In my opinion, such a setting will make everybody's trading more successful. Please come to meet new friends here. -DB-
daddybearforex. com
  • #2,224
  • Jul 31, 2012 2:01am Jul 31, 2012 2:01am
From 0.9579 to the actual price... 900+ pips....i wish have opened a long position at this price...hahahaha....
  • #2,225
  • Jul 31, 2012 2:06am Jul 31, 2012 2:06am
Quoting tp0440
Range of 1,0530-1,0580 was a MUST target for long. What we can have after that is a retracement, reversal is not due yet.

@DB: is you scream short long enough, eventually you'll be right.

BR
O.K. that scream short was done because a member asked the bulls to be careful. He might be right on the money this time.
daddybearforex. com
  • #2,226
  • Jul 31, 2012 2:06am Jul 31, 2012 2:06am
According to this chart, if I read it correct, we might see the bottom of the channel at 1.0250 level in the next few days or so. Correct me if I am wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: Aud 8hr.GIF Size: 34 KB
  • #2,227
  • Jul 31, 2012 2:10am Jul 31, 2012 2:10am
Quoting tp0440
Range of 1,0530-1,0580 was a MUST target for long. What we can have after that is a retracement, reversal is not due yet.

@DB: is you scream short long enough, eventually you'll be right.

BR

Based on behaviour pattern from fundamentals + price action.
AUD/USD will go up to 1.0580(pivot price) or 1.0600(psychological pricing)

Why: multiple interest rate on thu, non farm payroll on friday

1.0600 will be hit at friday non farm pay roll.

The forex big players always SET THE TABLE RIGHT BEFORE THE BIG MOVE.
  • #2,228
  • Jul 31, 2012 2:10am Jul 31, 2012 2:10am
Quoting Itrade24h
From 0.9579 to the actual price... 900+ pips....i wish have opened a long position at this price...hahahaha....
When driving on the Forex highway, I only look ahead to find right directions. Looking back would not take me to anywhere. FYI
daddybearforex. com
  • #2,229
  • Jul 31, 2012 2:11am Jul 31, 2012 2:11am
Quoting payal
According to this chart, if I read it correct, we might see the bottom of the channel at 1.0250 level in the next few days or so. Correct me if I am wrong.
yes , not untill some dead bodies who short before 1.0600 (friday)
  • #2,230
  • Jul 31, 2012 2:11am Jul 31, 2012 2:11am
I've closed out my weak longs(Longs taken above 0350) and still holding on to my longs taken at better spots.

Will add some more after a pullback which I think will finally come. It seems that the pullback is finally getting some momentum.
  • #2,231
  • Jul 31, 2012 2:12am Jul 31, 2012 2:12am
Quoting leticus
Based on behaviour pattern from fundamentals + price action.
AUD/USD will go up to 1.0580(pivot price) or 1.0600(psychological pricing)

Why: multiple interest rate on thu, non farm payroll on friday

1.0600 will be hit at friday non farm pay roll.

The forex big players always SET THE TABLE RIGHT BEFORE THE BIG MOVE.

I rem that i was a victim of the ULTIMATE REVERSAL induced by the US non farm payroll on a friday night - that happend when AUD/USD is 0.9586 (02 Jun 2012)
  • #2,232
  • Jul 31, 2012 2:20am Jul 31, 2012 2:20am
Quoting leticus
Based on behaviour pattern from fundamentals + price action.
AUD/USD will go up to 1.0580(pivot price) or 1.0600(psychological pricing)

Why: multiple interest rate on thu, non farm payroll on friday

1.0600 will be hit at friday non farm pay roll.

The forex big players always SET THE TABLE RIGHT BEFORE THE BIG MOVE.
This is exactly what I am thinking.

1,0580 is W1 R1 + D1 resistance. Now, give or take few pips + influence of fundamentals, other pairs, etc.

But since I'm more oriented in mid to long TF, anything above 1,0530 is getting interesting for short.


BR
  • #2,233
  • Jul 31, 2012 2:21am Jul 31, 2012 2:21am
Quoting payal
According to this chart, if I read it correct, we might see the bottom of the channel at 1.0250 level in the next few days or so. Correct me if I am wrong.
You see the shadow again. Good job! Let's call this Operation FIB 50.0.
daddybearforex. com
  • #2,234
  • Jul 31, 2012 2:33am Jul 31, 2012 2:33am
Quoting shenkw85
Hi guys
Have been reading this forum quite often becos i find it very entertaining at the same time interesting with charts and pictures. I have got short @ 1.033 adn 1.037 still opening but anyway what's DD problem?
Thanks
Hello shenkw85! and welcome to the forum. "Hello, my name is DonL and I too have a DD problem!"

You asked what's DD problem...and I noticed that DBear didn't tell you in his welcome.

We were having a bit of a poke at ourselves at stubbornly allowing a bad trade to live while thinking, ...I'll hang on, because it will come back into profit...! Then finding yourself at -30, hanging on... -50 hanging on...-70 ...hanging on... perhaps -100 and the drawdown on your account is beginning to hurt, and you realize that you should have cut out of a bad trade much sooner and simply found a better entry!

BTW... a bounce at 1.05 would be expected.
  • #2,235
  • Jul 31, 2012 2:35am Jul 31, 2012 2:35am
I don't think I've thrown this out on this thread yet but I'll do what I always say on every other thread.

Do not and I mean DO NOT bet on US numbers on any risk currency pair. The only pair you should be betting US numbers on is the USD/JPY. Any other pair and you are just asking for a coin flip to see whether the bulls or bears have more money.

This is due to fundamentals of the US and their market perception as a safe haven. You cannot apply logic to it because US numbers cause contradictions in analysis(macroeconomic perspective vs behavioral finance perspective).

So you will have 2 big boys, the macroeconomic vs behavioral finance guys duking it out to see at the end of the day who has more money to move the market in their favor. Don't be caught in their crossfire if you are a price taker.
  • #2,236
  • Jul 31, 2012 2:37am Jul 31, 2012 2:37am
Quoting DonL
Hello shenkw85! and welcome to the forum. "Hello, my name is DonL and I too have a DD problem!"

You asked what's DD problem...and I noticed that DBear didn't tell you in his welcome.

We were having a bit of a poke at ourselves at stubbornly allowing a bad trade to live while thinking, ...I'll hang on, because it will come back into profit...! Then finding yourself at -30, hanging on... -50 hanging on...-70 ...hanging on... perhaps -100 and the drawdown on your account is beginning to hurt, and you realize that you should have cut out of...
The drawdown is never a problem if you have a good money management.
For example, if you have a 50000$ account, will be you worried if you have a trade of 0.1 lots -2000pips?
  • #2,237
  • Jul 31, 2012 2:40am Jul 31, 2012 2:40am
Traders: ''Are we going up??? Yes! ''

The mighty market: ''Not so fast, ladies and gentlemen, here is what I got for you all, you little bastards''

Attached Image (click to enlarge)
Click to Enlarge Name: nowthatswhatilike.jpg Size: 108 KB


Traders: ''''
---
Market loves that, to upset people.
  • #2,238
  • Jul 31, 2012 2:54am Jul 31, 2012 2:54am
Heh nice cartoon.

I was shorting the dip, unfortunately everyone else bought the dip.

H1 candle-stick is so bullish ><
  • #2,239
  • Jul 31, 2012 2:58am Jul 31, 2012 2:58am
Quoting HeavenBlade
Heh nice cartoon.

I was shorting the dip, unfortunately everyone else bought the dip.

H1 candle-stick is so bullish ><
take a look at the 15 min chart might make u feel better
  • #2,240
  • Jul 31, 2012 2:59am Jul 31, 2012 2:59am
Quoting HeavenBlade
Heh nice cartoon.

I was shorting the dip, unfortunately everyone else bought the dip.

H1 candle-stick is so bullish ><
Also the 4 hour
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