Aussie Trading Room and Cartoons Gallery | Page 118 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Cartoons and Pics 2,832 replies

EUR/USD Trading Room 328 replies

Do The Trading Room 20 replies

Attachments: Aussie Trading Room and Cartoons Gallery
Exit Attachments

Aussie Trading Room and Cartoons Gallery

  • #2,341
  • Jul 31, 2012 11:08am Jul 31, 2012 11:08am
We have a tight range for aud so far today. Tonight close will be important as its month end. And most should take profit soon or hold another day for those in long from earlier 0.96-1.3 area. A close below 1.0490 will favors the bear. Anything above 1.0530 we will see more upside.let see how this 4 hour close now. If wick stands for supply at 1.0525-40 . Daily is hinting for some bears. Its almost in the same range from previous drop from 1.0445 when it got stuvked in a tight range and follow by bear actions into 1.0177 area. Tmr we have cny that should decide its fate if the close is neither here or there today
  • #2,342
  • Jul 31, 2012 11:10am Jul 31, 2012 11:10am
Quoting irfandbl;
indeed bro, our task now is to figure out which one of those probabilities is more likely to happen..

a. up and then down
b. down and then down more
c. down, up a bit, down again
d. sideways, down, up, sideways again
d. wtf?


  • #2,343
  • Jul 31, 2012 11:12am Jul 31, 2012 11:12am
Quoting Esssex
I think you forgot how the market functions.

The side with the most money moves the price in their favor at the end. If no money joins your side of the market, well good luck.

A better advice would be,

When everybody wants to buy, pause. Look at the reasons why they are buying, check whether the reason they are buying are substantiated.

If so, join in. If not, sell, wait for them to realize that their buying is unsupported and they have made a mistake.

Don't just blindly go against the herd for the sake of going against the herd. Your capital...
Very good analysis. Your point is right on the "money". I have no doubt about the power of the money. However, you may have overlooked one invisible factor which is more powerful than the money.

You see, sometimes the market did not follow the news and nobody knows what exactly happened. This is the time we have to look into the Law of Market. In my opinion, money is not the main driving force behind market moves.
daddybearforex. com
  • #2,344
  • Jul 31, 2012 11:21am Jul 31, 2012 11:21am
The public is always extremely bullish at the top and extremely bearish at the bottom. Market sentiment indicators are great for the contrarians.
  • #2,345
  • Jul 31, 2012 11:27am Jul 31, 2012 11:27am
Quoting aqeelaputra
udah..jangan begadang lu bro, tidur sono..kaga bangun sahur lo ntar
  • #2,346
  • Jul 31, 2012 11:37am Jul 31, 2012 11:37am
Quoting Esssex
I think you forgot how the market functions.

The side with the most money moves the price in their favor at the end. If no money joins your side of the market, well good luck.

A better advice would be,

When everybody wants to buy, pause. Look at the reasons why they are buying, check whether the reason they are buying are substantiated.

If so, join in. If not, sell, wait for them to realize that their buying is unsupported and they have made a mistake.

Don't just blindly go against the herd for the sake of going against the herd. Your...
As to how the market functions, these are my 2 cents:

The market moves because there are different views about the same news. Money is only the conduit of their views. By the same token, although we are small guys, this forum is actually a reflection of the Aussie Forex market in a much smaller scale.

The market needs different views to function normally so does a forum. It is this reason, I hope everyone expresses his/her views about the Aussie trading without reservations.
daddybearforex. com
  • #2,347
  • Jul 31, 2012 11:54am Jul 31, 2012 11:54am
Here is a good example of watching the PUBLIC sentiment. Whenever the public is heavily bullish the market tops out and whenever the public is heavily bearish the market bottoms out. The public is always wrong at tops and bottoms. The 'public' is represented by the GREEN line in the lower COT chart.
Attached Image (click to enlarge)
Click to Enlarge Name: JY Public.png Size: 18 KB
  • #2,348
  • Jul 31, 2012 12:08pm Jul 31, 2012 12:08pm
any word on what tonights report might do?
Good luck and may the odds be ever in your favor!
  • #2,349
  • Jul 31, 2012 12:12pm Jul 31, 2012 12:12pm
Quoting dbutton1990
any word on what tonights report might do?
Reports are just market noise. It will slap back and forth a bit but where it goes from there is what ya gotta look out for.
  • #2,350
  • Jul 31, 2012 12:13pm Jul 31, 2012 12:13pm
Quoting dbutton1990
any word on what tonights report might do?
What report?
daddybearforex. com
  • #2,351
  • Jul 31, 2012 12:14pm Jul 31, 2012 12:14pm
Quoting DaddyBear
What report?
Manufacturing PMI
Good luck and may the odds be ever in your favor!
  • #2,352
  • Jul 31, 2012 12:18pm Jul 31, 2012 12:18pm
WOW..amaizing how liquid is market these days
fokyou forexfactory
  • #2,353
  • Jul 31, 2012 12:27pm Jul 31, 2012 12:27pm
Quoting dbutton1990
Manufacturing PMI
In regard to CNY PMI, my view is China's CCP is very good in providing data in their favor. However, a lot of people do believe CNY data reliable and react to it in a herd mentality situation. Stampede is usually the consequence.
daddybearforex. com
  • #2,354
  • Jul 31, 2012 12:52pm Jul 31, 2012 12:52pm
Anyone else see a descending triangle on the 1Hr TF ?
Attached Image
  • #2,355
  • Jul 31, 2012 12:57pm Jul 31, 2012 12:57pm
Quoting mattheweston
Anyone else see a descending triangle on the 1Hr TF ?
This pair could go any where from here . . .
  • #2,356
  • Jul 31, 2012 12:59pm Jul 31, 2012 12:59pm
In next few hours, Aussie's move could be the deal of the day. IMHO

p.s. I choose this time of the day to post this message because there are only a few people around.
daddybearforex. com
  • #2,357
  • Jul 31, 2012 1:01pm Jul 31, 2012 1:01pm
I am seeing signs of a sell signal on the H4 and I hope it is a good one. Gold, Silver on daily chart are heading lower and the candles looks like a shooting star formation.
  • #2,358
  • Jul 31, 2012 1:03pm Jul 31, 2012 1:03pm
Quoting DaddyBear
In next few hours, Aussie's move could be the deal of the day. IMHO
I will make some more tea then and get comfortable . . . .
  • #2,359
  • Jul 31, 2012 1:05pm Jul 31, 2012 1:05pm
Quoting payal
I am seeing signs of a sell signal on the H4 and I hope it is a good one. Gold, Silver on daily chart are heading lower and the candles looks like a shooting star formation.
payal, I still don't see enough bearish indication on H4 chart. But, H1 does show something in favor of the bears.
daddybearforex. com
  • #2,360
  • Jul 31, 2012 1:06pm Jul 31, 2012 1:06pm
Quoting supertubes
I will make some more tea then and get comfortable . . . .
Seems to me, you are sipping your tea all day long. No coffee?
daddybearforex. com
3 traders viewing now