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  • #3,961
  • Aug 5, 2012 5:08pm Aug 5, 2012 5:08pm
[quote=palabara;5904368][quote]

I say this, I took a sell position right now, DO not do what, I do! with a very tight s/l just above the resistence. I am not telling anyone to do what, I just did.

Quote

This message is for the new people, don't try to replicate my positions, Because you don't have my system nor, do you fully understand my strategy, I wouldn't want anyone to lose any money on the counts of me.. So please, take what I say, at an arms distance.

This has been exactly what I tell people in our forum. The Forex market changes from second to second. By taking someone's opinions to enter trades is at that person's own risk. Use all information available and mixed up with your own. You will get something more suitable to your situation. IMHO
daddybearforex. com
  • #3,962
  • Aug 5, 2012 5:09pm Aug 5, 2012 5:09pm
[quote=DaddyBear;5904379][quote=palabara;5904368]
Quote

I say this, I took a sell position right now, DO not do what, I do! with a very tight s/l just above the resistence. I am not telling anyone to do what, I just did.



This has been exactly what I tell people in our forum. The Forex market changes from second to second. By taking someone's opinions to enter trades is at that person's own risk. Use all information available and mixed up with your own. You will get something more suitable to your situation. IMHO


precisely.
There are those who know, and there are those who don't know.
  • #3,963
  • Aug 5, 2012 5:12pm Aug 5, 2012 5:12pm
what me and bear and every other experianced trader says, should be only used to reinforce, what you already know! to incorperate it, into your strategy or to use it for eductional purposes.

To learn the ways other traders, trade basically. I've learned many diffrent ways, before I adopted my own. My style is suitble for me, just like Db's is suitable for him.. An experianced trader will always craft his own way to trade.

But, you can learn from others and adopt small things, into piecing your own strategy.
There are those who know, and there are those who don't know.
  • #3,964
  • Aug 5, 2012 5:14pm Aug 5, 2012 5:14pm
[quote=palabara;5904382][quote=DaddyBear;5904379]
Quoting palabara


precisely.
It's not because I am afraid of something happens to me but I worry about the person who takes my opinions without any evaluations. King blew up his account not long ago. What happened was he followed one of my message posted 2 to 3 hours earlier. By the time he entered his trade the tide already turned and he did not know what happened.
daddybearforex. com
  • #3,965
  • Aug 5, 2012 5:16pm Aug 5, 2012 5:16pm
[quote=DaddyBear;5904390][quote=palabara;5904382]
Quoting DaddyBear
It's not because I am afraid of something happens to me but I worry about the person who takes my opinions without any evaluations. King blew up his account not long ago. What happened was he followed one of my message posted 2 to 3 hours earlier. By the time he entered his trade the tide already turned and he did not know what happened.
It happens all the time, we enter the markets with certin precision.. We exit at certin precisions. For you to incorperate what we do step by step, is for us to sit there and say Enter -- Exit and has to be executed within seconds.

Forex moves to fast! hence, I gave up on sleep! and Db is calling me a vampire.
There are those who know, and there are those who don't know.
  • #3,966
  • Aug 5, 2012 5:19pm Aug 5, 2012 5:19pm
[quote=palabara;5904394][quote=DaddyBear;5904390]
Quoting palabara

It happens all the time, we enter the markets with certin precision.. We exit at certin precisions. For you to incorperate what we do step by step, is for us to sit there and say Enter -- Exit and has to be executed within seconds.

Forex moves to fast! hence, I gave up on sleep! and Db is calling me a vampire.
I have to clarify this for those people who were not here last night. Because you said' "I come at night.", I thought you belonged to that special group.
daddybearforex. com
  • #3,967
  • Aug 5, 2012 5:21pm Aug 5, 2012 5:21pm
[quote=DaddyBear;5904401][quote=palabara;5904394]
Quoting DaddyBear

I have to clarify this for those people who were not here last night. Because you said' "I come at night.", I thought you belonged to that special group.
Lol, I might as well be. Might have to start likeing true blood.
There are those who know, and there are those who don't know.
  • #3,968
  • Aug 5, 2012 5:23pm Aug 5, 2012 5:23pm
Db where do you think the first support level will be?

I should clarify.. Short term first support level!
There are those who know, and there are those who don't know.
  • #3,969
  • Aug 5, 2012 5:24pm Aug 5, 2012 5:24pm
Quoting palabara
Db where do you think the first support level will be?

I should clarify.. Short term first support level!
I'm looking at.. 1.0545/50 area as first support?
There are those who know, and there are those who don't know.
  • #3,970
  • Aug 5, 2012 5:28pm Aug 5, 2012 5:28pm
Quoting palabara
Db where do you think the first support level will be?

I should clarify.. Short term first support level!
FYI, it could be the same old place at 1.043xx or 1.053xx. But, my view about R/S is that they are not physical barriers. Instead, they exist only in people's minds. If a more powerful force enters the market at that level, they will be meaningless at best. IMHO
daddybearforex. com
  • #3,971
  • Aug 5, 2012 5:31pm Aug 5, 2012 5:31pm
Quoting DaddyBear
FYI, it could be the same old place at 1.043xx or 1.053xx. But, my view about R/S is that they are not physical barriers. Instead, they exist only in people's minds. If a more powerful force enters the market at that level, they will be meaningless at best. IMHO
they are barriers to an extent.. they are barriers placed by people.. that pile up orders to buy/sell at those levels so when S/R hits all that orders start triggering.

its a very mental thing..But it never fails.
There are those who know, and there are those who don't know.
  • #3,972
  • Aug 5, 2012 5:31pm Aug 5, 2012 5:31pm
theres no action..
  • #3,973
  • Aug 5, 2012 5:34pm Aug 5, 2012 5:34pm
here is an analogy.. You can take one twig and snap it easily.. but if you take a bunch of twigs, and put them togather and try to snap them.. You won't be able to.. Unless you are literally superman.. then you can snap anything LOL. Thats a joke, but the analogy is real.
There are those who know, and there are those who don't know.
  • #3,974
  • Aug 5, 2012 5:35pm Aug 5, 2012 5:35pm
Quoting DaddyBear
FYI, it could be the same old place at 1.043xx or 1.053xx. But, my view about R/S is that they are not physical barriers. Instead, they exist only in people's minds. If a more powerful force enters the market at that level, they will be meaningless at best. IMHO
Let me show my last cartoon again. The pot elevation could be close to 1.053xx. But, in case the bull is too heavy, he may drop through the pot ......

Attention: DaddyBear's cartoons are not indicators, please do not apply them to your charts because they won't fit anyway.

http://www.forexfactory.com/attachme...1&d=1344196977
daddybearforex. com
  • #3,975
  • Aug 5, 2012 5:35pm Aug 5, 2012 5:35pm
short at 5700

may add more shorts depending on PA
I usually divide 2 lots into 4 mini lots and stagger them.
In trading, you have to be defensive and aggressive at the same time
  • #3,976
  • Aug 5, 2012 5:36pm Aug 5, 2012 5:36pm
Quoting DaddyBear
Let me show my last cartoon again. The pot elevation could be close to 1.053xx. But, in case the bull is too heavy, he may drop through the pot ......

Attention: DaddyBear's cartoons are not indicators, please do not apply them to your charts because they won't fit anyway.

http://www.forexfactory.com/attachme...1&d=1344196977
He defintally could, its called a aggressive way.. For new people.. When a resistance is broken using Dbs cartoon and what he said, its called "Aggressive way"

When a support/resistance is broken through like it wasn't even there.. (aggressive way)
There are those who know, and there are those who don't know.
  • #3,977
  • Aug 5, 2012 5:37pm Aug 5, 2012 5:37pm
Aloha from Honolulu.

The first one below shows August tendency big down in several currency pairs though Aud Usd isn't specifically mentioned.

http://www.fxtsp.com/trading-strategies/fundamental-strategies/1315-yen-jpy-currency-calendar-patterns.html

The second article is specifically Aud Usd trends in case someone missed it from the last time i posted it. I don't rely on seasonal trends in my trading but make sure I know what they might be.

http://vantagepointtrading.com/archives/6810
  • #3,978
  • Aug 5, 2012 5:39pm Aug 5, 2012 5:39pm
Quoting palabara
here is an analogy.. You can take one twig and snap it easily.. but if you take a bunch of twigs, and put them togather and try to snap them.. You won't be able to.. Unless you are literally superman.. then you can snap anything LOL. Thats a joke, but the analogy is real.
The thing is that the market sometimes acts like a very sharped knife. It does not matter how many bunches you've got.
daddybearforex. com
  • #3,979
  • Aug 5, 2012 5:40pm Aug 5, 2012 5:40pm
Quoting DaddyBear
The thing is that the market sometimes acts like a very sharped knife. It does not matter how many bunches you've got.
And sometimes the market is like a fire and burns all the twigs up.
  • #3,980
  • Aug 5, 2012 5:42pm Aug 5, 2012 5:42pm
Quoting 2+2=4ex
And sometimes the market is like a fire and burns all the twigs up.
Very good analogy. Fire is more powerful than a knife.
daddybearforex. com
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