Aussie Trading Room and Cartoons Gallery

No worry! I don't pay too much attention to fundies as well.

Just entered a small long here only looking for a few pips .. 1st trade for today my poor fingers were itchy !

It may drop one more time. FYI

Oh boy! lol.. Never enter a trade just cause you want to be in a trade.. that's bad discipline behavior!!!!

I've read this.. Years ago and its still being passed on.

38 Steps To Becoming A Successful Trader*

1 We accumulate trading information - buying books, going to seminars and researching.
2 We begin to trade with our 'new' knowledge.
3 We consistently 'donate' and then realize we may need more knowledge or information.
4 We accumulate more information.
5 We switch the commodities [or stocks, or futures, or...] we are currently following.
6 We go back into the market and trade with our 'updated' knowledge.
7 We get 'beat up' again and begin to lose some of our confidence. Fear starts setting in.
8 We start to listen to 'outside news' & other traders.
9 We go back into the market and continue to donate.
10 We switch commodities again.
11 We search for more trading information.
12 We go back into the market and continue to donate.
13 We get 'overconfident' & market humbles us.
14 We start to understand that trading success fully is going to take more time and more knowledge then we anticipated.
15 We get serious and start concentrating on learning a 'real' methodology.
16 We trade our methodology with some success, but realize that something is missing.
17 We begin to understand the need for having rules to apply our methodology.
18 We take a sabbatical from trading to develop and research our trading rules.
19 We start trading again, this time with rules and find some success, but overall we still hesitate when it comes time to execute.
20 We add, subtract and modify rules as we see a need to be more proficient with our rules.
21 We go back into the market and continue to donate.
22 We start to take responsibility for our trading results as we understand that our success is in us, not the trade methodology.
23 We continue to trade and become more proficient with our methodology and our rules.
24 As we trade we still have a tendency to violate our rules and our results are erratic.
25 We know we are close.
26 We go back and research our rules.
27 We build the confidence in our rules and go back into the market and trade.
28 Our trading results are getting better, but we are still hesitating in executing our rules.
29 We now see the importance of following our rules as we see the results of our trades when we don't follow them.
30 We begin to see that our lack of success is within us (a lack of discipline in following the rules because of some kind of fear) and we begin to work on knowing ourselves better.
31 We continue to trade and the market teaches us more and more about ourselves.
32 We master our methodology and trading rules.
33 We begin to consistently make money.
34 We get a little overconfident and the market humbles us.
35 We continue to learn our lessons.
36 We stop thinking and allow our rules to trade for us (trading becomes boring, but successful) and our trading account continues to grow as we increase our contract size.
37 We are making more money then we ever dreamed to be possible.
38 We go on with our lives and accomplish many of the goals we had always dreamed of.

Live and learn! I am on step 36 LOL.

out plus 3 pips ;p

BTW, sinqua, welcome aboard! Have a nice trading day in Nigeria.

What was your risk on that trade? Just curious... Not trying to be a pain in the arse... But you gotta know where I'm going with this.

hahaha bull vs bear..how about you bro ?

[quote=DonL;5889603]BTW... a bounce at 1.05 would be expected. I also believe that some resistance should be encountered around 1.0525-30. It is a previous top as well as a median trend line combined with a tested Fib level.[quote]

not again.....

I was just scalping a few pips its not going anyware fast for now

Due to this triangle pattern, I believe the bulls may be hiding behind the bushes and are waiting to ambush the bears. IMHO

Its all good. Congrats on the win!

I'd say its Chinese.. dressed as bulls are hiding with sticks behind the bushes!

that's a little weird.. lol.

Why do you say that? He won a trade. I'm happy for the guy...

The way you said it, like "he won".. I don't know.. I guess, I don't look at trading like that lol.. Its pretty cool though like a mini victory every time.. we make some money.

hi DB..in my view im still wait 4h close bellow 1.0498..bear may take control

One strategy of 36 Ji -
Hide the danger behind a smile.

Then I must be hiding a lot of danger!