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Aussie Trading Room and Cartoons Gallery

  • #3,781
  • Aug 3, 2012 9:53pm Aug 3, 2012 9:53pm
Quoting dbutton1990
(...) I'll still be hanging around, but playing with my demo account
Sorry for the losses, but those are part of the learning curve (and pains) and the demo is a good idea.

Treat it as if it was a real account (same capital amount, lots traded, money management, etc) and this realistic approach will give more impulse to your real trading later on. Also, keep a journal of your trades so you can identify the reasons for either wins or losses.

I wish you the best in your journey!
  • #3,782
  • Aug 3, 2012 9:59pm Aug 3, 2012 9:59pm
Quoting doblece
Sorry for the losses, but those are part of the learning curve (and pains) and the demo is a good idea.

Treat it as if it was a real account (same capital amount, lots traded, money management, etc) and this realistic approach will give more impulse to your real trading later on. Also, keep a journal of your trades so you can identify the reasons for either wins or losses.

I wish you the best in your journey!
Thanks Doblece! I plan on studying my butt off the next couple of months...I'll be back in the game at the beginning of the year! This time around though, I think I will start with mini lots!
Good luck and may the odds be ever in your favor!
  • #3,783
  • Aug 3, 2012 10:01pm Aug 3, 2012 10:01pm
Quoting gnomoneey
DB
how far a retrace are you expecting...imo 1.043x then rebound up again
I really appreciate that you see me as an expert, but in fact I am not a pro yet. I don't mind sharing my understanding of the Aussie with everyone here. However, I am concerning some newbies may just take my opinions literally without any evaluations. This could bring an unexpected disaster to their accounts.

Also, giving an outright statement such as "1.043x then rebound up again" may cause some confusion that I am providing a trading service here regardless of whether it's free or not. This could lead to a suspension of my membership of FF.

Due to these concerns, I prefer to share general or directional opinions not detailed or pinpointed predictions. -DB-
daddybearforex. com
  • #3,784
  • Edited 10:53pm Aug 3, 2012 10:20pm | Edited 10:53pm
This forum was born two weeks ago amid a bizarre suspension of my membership. Now, upon everyone's support, this baby has grown to a toddler now.

At this moment, I'd like to give my special thanks to doblece for her continued contributions of her abundant wisdom and knowledgeable trading experiences. Keep up your good job, doblece! -DB-
Attached Image (click to enlarge)
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daddybearforex. com
  • #3,785
  • Aug 3, 2012 10:20pm Aug 3, 2012 10:20pm
Quoting petehnm;
hey bro I don't suppose you'd mine posting that chart..I'm really not sure how to use andrew's pitch fork....I can draw it just don't now where to put the points...
andrew's pitchfork

H1
Attached Image (click to enlarge)
Click to Enlarge Name: au h1.gif Size: 20 KB
  • #3,786
  • Aug 3, 2012 10:31pm Aug 3, 2012 10:31pm
Quoting dbutton1990
Thanks Doblece! I plan on studying my butt off the next couple of months...I'll be back in the game at the beginning of the year! This time around though, I think I will start with mini lots!
what happend?
There are those who know, and there are those who don't know.
  • #3,787
  • Aug 3, 2012 10:43pm Aug 3, 2012 10:43pm
Quoting DaddyBear
This forum was born two weeks ago amid a bizarre suspension of my membership. Now, upon everyone's support, this baby has grown to a toddler now.

At this moment, I'd like to give my special thanks to doblece for her continued contributions of her abundant wisdom and knowledgeable trading experiences. Keep up your good job, doblece! -DB-
I had an impression during the time in other forums. Nobody cared about the messages posted by a new member or a newbie. Under such situation, a forum became an one-way street under the control of people with loudspeakers.

I am intended to make our forum a social venue focusing on the Aussie trading and a place for bulls and bears to live together peacefully.

Due to fast growing posts, I might overlook some new members' presences. If so, please accept my apology for not being able to welcome you in a timely manner. -DB-
daddybearforex. com
  • #3,788
  • Aug 3, 2012 10:44pm Aug 3, 2012 10:44pm
Quoting palabara
what happend?
Are you still here?
daddybearforex. com
  • #3,789
  • Aug 3, 2012 11:36pm Aug 3, 2012 11:36pm
Quoting DonL
I know I have been chastised a little for using tight stop losses but last year I learned so much from a trader named VennD about watching for precise pressure points, which we just hit BTW at 1.0505, to exit the long.

This mornings trade that palabara called, made so much sense that couldn't help but join it with a small SL. Closed it tonight at 1.0505. I couldn't be here through all of the day to observe the trade so traded mini lots and left TP open.

Checked it at lunch time and moved SL to breakeven. So nice to see profits, be it...
Don, I was not chastising you for using tight stop losses. In fact, I move stop losses to BE + 1 when I feel necessary.

I was thinking about all the discussions of DD. When talking about DD without mentioning the SL was something I couldn't quite understand. It was only my curious opinion. Nothing more and nothing less. -DB-
daddybearforex. com
  • #3,790
  • Aug 3, 2012 11:55pm Aug 3, 2012 11:55pm
Quoting dbutton1990
Thanks Doblece! I plan on studying my butt off the next couple of months...I'll be back in the game at the beginning of the year! This time around though, I think I will start with mini lots!
Before your butt is off, try this one first.
https://sites.google.com/site/tradingstrategiesschool/module-trading-psychology/elliot-wave-theory-and-how-groups-behave
I call this the law of the market, if you will. -DB-
daddybearforex. com
  • #3,791
  • Aug 4, 2012 12:30am Aug 4, 2012 12:30am
good morning all,morning DB although its night where you are
Sometimes it's better to be wrong,to learn..
  • #3,792
  • Aug 4, 2012 12:43am Aug 4, 2012 12:43am
Quoting KiNgEdwarD
good morning all,morning DB although its night where you are
Good morning, King. Are you in Pakistan?
daddybearforex. com
  • #3,793
  • Edited 12:56am Aug 4, 2012 12:43am | Edited 12:56am
[quote=DaddyBear;5902614]I had an impression during the time in other forums. Nobody cared about the messages posted by a new member or a newbie. Under such situation, a forum became an one-way street under the control of people with loudspeakers.

It was this exact message I got from other threads that stopped me from ever hardly posting. I thank you for this thread and look out anyone who tries to make it a nasty one, cos this Kiwigirl will kick his ass
  • #3,794
  • Aug 4, 2012 12:52am Aug 4, 2012 12:52am
[quote=WendyG;5902661]
Quoting DaddyBear
I had an impression during the time in other forums. Nobody cared about the messages posted by a new member or a newbie. Under such situation, a forum became an one-way street under the control of people with loudspeakers.

It was this exact message I got from other threads that stopped me from ever hardly posting. I thank you for this thread and look out anyone who tries to make it a nasty one, cos this Kiwgirl will kiss his ass
Good afternoon, Wendy. I hope everyone enjoys posting his/her messages in this forum. In the meantime, I will lock all haters and old guards outside of our doors.

A forum is a place of sharing and learning. It does not matter who is right or wrong. We are looking for green pips after all. It is nice to have a Kiwigirl here. Have a nice weekend! -DB-
daddybearforex. com
  • #3,795
  • Aug 4, 2012 1:27am Aug 4, 2012 1:27am
Quoting DaddyBear
Good morning, King. Are you in Pakistan?
yes
Sometimes it's better to be wrong,to learn..
  • #3,796
  • Aug 4, 2012 2:39am Aug 4, 2012 2:39am
Did you see in the news this week, that a past Australian reserve bank member is reccommending that the RBA sell AUD directly to other central banks.
Idea is to stop the rising the Aussie dollar.

http://www.abc.net.au/pm/content/2012/s3559404.htm

Personally I think this is a very bad idea... As I am wanting to go on an overseas holiday.
  • #3,797
  • Aug 4, 2012 2:45am Aug 4, 2012 2:45am
Quoting DaddyBear
This forum was born two weeks ago amid a bizarre suspension of my membership. Now, upon everyone's support, this baby has grown to a toddler now.

At this moment, I'd like to give my special thanks to doblece for her continued contributions of her abundant wisdom and knowledgeable trading experiences. Keep up your good job, doblece! -DB-
Thank YOU, DaddyBear, for your kind words and for providing a safe space to share my tiny small bits and pieces which I've been gathering along the years. I am happy that the baby is growing (should I say "on steroids" ) and of the company of like-minded freedom (and forex!) lovers.

Wish everyone a relaxing and great week-end to come back on sunday/monday with energies fully renovated and eager to confront another bull-bear round. BTW, I'll be traveling around the country until mid-august so won't probably be posting much. Taking a week off with one of my daughters (19 y.o.) to see my youngest son (16 y.o.) and visit some awesome waterfalls. (and taking a break from grand-daughter babysitting, LOL! She's adorable but a bit too "energetic" for this old lady... ).

Take care! And much pips to you all, up and down!
  • #3,798
  • Edited 7:55am Aug 4, 2012 7:43am | Edited 7:55am
Quoting DaddyBear
Don, I was not chastising you for using tight stop losses. In fact, I move stop losses to BE + 1 when I feel necessary.

I was thinking about all the discussions of DD. When talking about DD without mentioning the SL was something I couldn't quite understand. It was only my curious opinion. Nothing more and nothing less. -DB-
Hey DB,
LOL, I wasn't even thinking of you. It was on that other forum that I was thinking of! Some of them just like to make you feel stupid if you don't think like they do!

I agree! I can't think of many reasons to trade without a SL. However, I know one trader that didn't, just so his broker wouldn't know where his SL was and tried to use a manual SL. He was convinced, and for possibly good reason, that his broker would either increase the spread when it was close enough or spike the action to take him out. Didn't take him long to change teams!

Wish we could all be piped directly to Institutional Forex.

I do think that many traders have entered a quick trade, without a lot of thought, only to have the trade go against them a little bit and they decide to hold on.... HOPING.,...that it will come back, only to discover themselves further and further away from BE until it becomes the unplanned massive DD that has been discussed.

Lesson to learn here is... never enter a trade without good planning, a entry, a profit target and a stop loss in case the market proves you wrong.

I have learned that if you trade in that style and it went against you to hit your SL.... Was that a good outcome? The answer is YES, because it was within your planned risk for the trade that you entered and you knew the possibilities before you bought!

And,...it's also a good outcome because otherwise you could be in for that draw down. You don't win every battle but you do get to fight another day!!

Wishing everyone a good trading week!
  • #3,799
  • Aug 4, 2012 7:47am Aug 4, 2012 7:47am
Quoting hedgeitall
Did you see in the news this week, that a past Australian reserve bank member is reccommending that the RBA sell AUD directly to other central banks.
Idea is to stop the rising the Aussie dollar.

http://www.abc.net.au/pm/content/2012/s3559404.htm

Personally I think this is a very bad idea... As I am wanting to go on an overseas holiday.
Welcome hedgeitall! Thanks for posting this message. Which platforms are you currently using? -DB-
daddybearforex. com
  • #3,800
  • Aug 4, 2012 7:52am Aug 4, 2012 7:52am
Quoting doblece
Thank YOU, DaddyBear, for your kind words and for providing a safe space to share my tiny small bits and pieces which I've been gathering along the years. I am happy that the baby is growing (should I say "on steroids" ) and of the company of like-minded freedom (and forex!) lovers.

Wish everyone a relaxing and great week-end to come back on sunday/monday with energies fully renovated and eager to confront another bull-bear round. BTW, I'll be traveling around the country until mid-august so won't probably be posting much. Taking...
Oh no! This baby was not on drug. I guess the bulls give milk and the bears give honey all day long. She is a healthy baby!
daddybearforex. com
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