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Aussie Trading Room and Cartoons Gallery

  • #4,501
  • Aug 7, 2012 5:34pm Aug 7, 2012 5:34pm
Quoting NYForexer
Oh man, this cartoon pictures me perfectly! I hate to admit it, but for the last week that's exactly what I was doing. I try not to do that, but sometimes greed just grabs my throat so much that I end up losing more than $100 for a penny
Now I know I am not alone. Feel better.
daddybearforex. com
  • #4,502
  • Aug 7, 2012 5:41pm Aug 7, 2012 5:41pm
CNBC -

S&P Cuts Greece's Outlook to 'Negative'
http://www.cnbc.com/id/48558614

Is this news going to move the Aussie tonight when Tokyo opens?
daddybearforex. com
  • #4,503
  • Aug 7, 2012 5:45pm Aug 7, 2012 5:45pm
Quoting DaddyBear
CNBC -

S&P Cuts Greece's Outlook to 'Negative'
http://www.cnbc.com/id/48558614

Is this news going to move the Aussie tonight when Tokyo opens?
My instinct tells me that S&P is topping or close to. Although I don't believe co-relationship too much, sometimes they do move together.
daddybearforex. com
  • #4,504
  • Aug 7, 2012 5:53pm Aug 7, 2012 5:53pm
Good morning DB and everyone,
hope you all had a good night (day).

My chart for the day.
Currently flat and will see how the next couple of hours unfold.

Wont be able to watch charts with commitment as we're getting ready for a 6 week road trip but will at least play a short from the current top or a long at the bottom

Happy trading to all

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_AUD_USD_Hourly_snapshot.jpg Size: 77 KB
  • #4,505
  • Aug 7, 2012 5:55pm Aug 7, 2012 5:55pm
Quoting mm3934
Good morning DB and everyone,
hope you all had a good night (day).

My chart for the day.
Currently flat and will see how the next couple of hours unfold.

Wont be able to watch charts with commitment as we're getting ready for a 6 week road trip but will at least play a short from the current top or a long at the bottom

Happy trading to all

cheers
Good morning. What did you see in your chart?
daddybearforex. com
  • #4,506
  • Aug 7, 2012 5:57pm Aug 7, 2012 5:57pm
Quoting mm3934
Good morning DB and everyone,
hope you all had a good night (day).

My chart for the day.
Currently flat and will see how the next couple of hours unfold.

Wont be able to watch charts with commitment as we're getting ready for a 6 week road trip but will at least play a short from the current top or a long at the bottom

Happy trading to all

cheers
http://www.forexfactory.com/attachme...1&d=1344379774
According to your chart, the Aussie is going up. Am I correct?
daddybearforex. com
  • #4,507
  • Aug 7, 2012 6:00pm Aug 7, 2012 6:00pm
Quoting DaddyBear
Good morning. What did you see in your chart?
I see a current block of support that we're sitting on.

Possibilities are a quick sign of support to approach the top

A punch down to see how strong the support is

or a Clean break down to test the bottom

and of course it may just bounce around in a small range until CNY

I have no conviction either way as you can see but I will take a short at the current top and a long at the bottom

cheers
  • #4,508
  • Aug 7, 2012 6:03pm Aug 7, 2012 6:03pm
Quoting mm3934
I see a current block of support that we're sitting on.

Possibilities are a quick sign of support to approach the top

A punch down to see how strong the support is

or a Clean break down to test the bottom

and of course it may just bounce around in a small range until CNY

I have no conviction either way as you can see but I will take a short at the current top and a long at the bottom

cheers
My question is you are using horizontal supports only. here is my version FYI.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD.JPG Size: 43 KB
daddybearforex. com
  • #4,509
  • Edited 6:05pm Aug 7, 2012 6:04pm | Edited 6:05pm
Quoting mm3934
I see a current block of support that we're sitting on.

Possibilities are a quick sign of support to approach the top

A punch down to see how strong the support is

or a Clean break down to test the bottom

and of course it may just bounce around in a small range until CNY

I have no conviction either way as you can see but I will take a short at the current top and a long at the bottom

cheers

and if looking for patternology if we draw a vertical line as db mirror then 2 attempts at top and long fall to bottom...... maybe
  • #4,510
  • Aug 7, 2012 6:06pm Aug 7, 2012 6:06pm
Quoting DaddyBear
My instinct tells me that S&P is topping or close to. Although I don't believe co-relationship too much, sometimes they do move together.
S&P 500 was capped at 1419.xx this yr. I agree DB, it will take something to break it convincingly. QE3 might be the catalyst, but I doubt Ben will do it before the market goes on it's knees. But hey, what do I know !!
  • #4,511
  • Aug 7, 2012 6:08pm Aug 7, 2012 6:08pm
Quoting DaddyBear
From what I saw in this forum. some people including myself make the same mistake again and again. I call this mistake, "Picking up one penny and losing one hundred". Do you belong to that group?

http://www.forexfactory.com/attachme...1&d=1343713846
I used to do that. I have left that group, not looking to rejoin.
There are those who know, and there are those who don't know.
  • #4,512
  • Aug 7, 2012 6:11pm Aug 7, 2012 6:11pm
Quoting vinfx
S&P 500 was capped at 1419.xx this yr. I agree DB, it will take something to break it convincingly. QE3 might be the catalyst, but I doubt Ben will do it before the market goes on it's knees. But hey, what do I know !!
Welcome vinfx! The US market has gone up for three days. Now, the downgrade of Greece may bring down S&P. Have a nice trading day in the Down Under. -DB-
daddybearforex. com
  • #4,513
  • Aug 7, 2012 6:12pm Aug 7, 2012 6:12pm
Quoting palabara
I used to do that. I have left that group, not looking to rejoin.
Are you sure? I still remember .........
daddybearforex. com
  • #4,514
  • Aug 7, 2012 6:18pm Aug 7, 2012 6:18pm
Quoting DaddyBear
Are you sure? I still remember .........
what do you remember? lol
There are those who know, and there are those who don't know.
  • #4,515
  • Aug 7, 2012 6:21pm Aug 7, 2012 6:21pm
Quoting palabara
what do you remember? lol
Last time you pretended dead before a bear .......
daddybearforex. com
  • #4,516
  • Aug 7, 2012 6:24pm Aug 7, 2012 6:24pm
Quoting DaddyBear
Last time you pretended dead before a bear .......
Are you in this elevator now?
Attached Image
daddybearforex. com
  • #4,517
  • Aug 7, 2012 6:25pm Aug 7, 2012 6:25pm
Quoting DaddyBear
Last time you pretended dead before a bear .......
that was a good lesson, and proved it works with market bears too.
There are those who know, and there are those who don't know.
  • #4,518
  • Aug 7, 2012 6:26pm Aug 7, 2012 6:26pm
Quoting DaddyBear
Are you in this elevator now?
I just closed another position booked profit, fishing for the next position. is that what you think on your cartoon..
There are those who know, and there are those who don't know.
  • #4,519
  • Aug 7, 2012 6:28pm Aug 7, 2012 6:28pm
Quoting palabara
I just closed another position booked profit, fishing for the next position. is that what you think on your cartoon..
What next position? Up? Down?
daddybearforex. com
  • #4,520
  • Aug 7, 2012 6:30pm Aug 7, 2012 6:30pm
Quoting palabara
I just closed another position booked profit, fishing for the next position. is that what you think on your cartoon..
Why did you close your position? Did you see something?
daddybearforex. com
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