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Aussie Trading Room and Cartoons Gallery

  • #4,561
  • Aug 7, 2012 7:19pm Aug 7, 2012 7:19pm
Quoting DaddyBear
Would you ride it up?
sure ...but from where to where....from here 1.0535 to 1.0570+
or from 1.0470-1.0500 to 1.06...see the madness in my brain at the moment....
  • #4,562
  • Aug 7, 2012 7:20pm Aug 7, 2012 7:20pm
[quote=chiknthief;5911342]
Quoting palabara

A long track record of more winners than losers. More than 50% = more than half winners. 50% = half winners/half losers in all your in and out stuff.
you don't need to have more then 50% winners then losers.. to be "successful".. You can have 70% losses and 30% winners and still be successful, It's all about if your winners surpass your losses!

I know, that.. I make money, over and over and over again.. I'm freaking happy.. my strategy works nicely for me, I don't hold positions for a long time, I'm in and out.. I get my money and get out.. I don't need to say the BIG BEAR is coming.. or the BIG bull is coming.. All i need is a good entry and a plan, and it works for me. If what you do works for you, then more power to you.
There are those who know, and there are those who don't know.
  • #4,563
  • Aug 7, 2012 7:20pm Aug 7, 2012 7:20pm
Quoting bouble
Hi DB....

Look like Bull is Japanese actor.
Why do you think so?
daddybearforex. com
  • #4,564
  • Aug 7, 2012 7:25pm Aug 7, 2012 7:25pm
[quote=palabara;5911354]
Quoting chiknthief

you don't need to have more then 50% winners then losers.. to be "successful".. You can have 70% losses and 30% winners and still be successful, It's all about if your winners surpass your losses!

I know, that.. I make money, over and over and over again.. I'm freaking happy.. my strategy works nicely for me, I don't hold positions for a long time, I'm in and out.. I get my money and get out.. I don't need to say the BIG BEAR is coming.. or the BIG bull is coming.. All i need is a good entry and a plan, and it...

Hey palabara how's it going...you know way back when I first started trading demos that's exactly how I use to trade ... just make 15 to 30 to 40 pips and I was out..then I would look for another entry to do the same and it worked like a charm...I have no idea when I started to always look for big moves ...thanks for reminding me...could be what I need at the moment...
  • #4,565
  • Aug 7, 2012 7:28pm Aug 7, 2012 7:28pm
Is anyone long here?
daddybearforex. com
  • #4,566
  • Aug 7, 2012 7:29pm Aug 7, 2012 7:29pm
[quote=petehnm;5911369]
Quoting palabara


Hey palabara how's it going...you know way back when I first started trading demos that's exactly how I use to trade ... just make 15 to 30 to 40 pips and I was out..then I would look for another entry to do the same and it worked like a charm...I have no idea when I started to always look for big moves ...thanks for reminding me...could be what I need at the moment...
the small moves always work the best, because there is plenty of them all the time, in any session.. and they add up very quickly. This week, I did over 120 pips already, and its only Tuesday! Well In NY it is still tuesday LOL. but, yeah.. small moves, you can find an entry at any given point.. of a bounce or a trending market or anything, and they add up.
There are those who know, and there are those who don't know.
  • #4,567
  • Aug 7, 2012 7:29pm Aug 7, 2012 7:29pm
[quote=palabara;5911354]
Quoting chiknthief

you don't need to have more then 50% winners then losers.. to be "successful".. You can have 70% losses and 30% winners and still be successful, It's all about if your winners surpass your losses!

I know, that.. I make money, over and over and over again.. I'm freaking happy.. my strategy works nicely for me, I don't hold positions for a long time, I'm in and out.. I get my money and get out.. I don't need to say the BIG BEAR is coming.. or the BIG bull is coming.. All i need is a good entry and a plan, and it works...

Koool, if you can make money jumping in and out every 5 minute bar, more power to ya. Everybody has differing definitions of short term trading. To some people an hour is a long time and to others a day or two is a short time. The bottom line : let your profits run and cut your losses short.
  • #4,568
  • Aug 7, 2012 7:30pm Aug 7, 2012 7:30pm
Quoting DaddyBear
Is anyone long here?

Might be. I don't know if I can define a comfortable risk, though.

edit: maybe a SL at 1.051?
Play the players, not the cards.
  • #4,569
  • Aug 7, 2012 7:32pm Aug 7, 2012 7:32pm
Quoting DaddyBear
Is anyone long here?
Not until 1.04 at least. Losing chance is better than losing money IMO
  • #4,570
  • Aug 7, 2012 7:33pm Aug 7, 2012 7:33pm
[quote=palabara;5911380]
Quoting petehnm

the small moves always work the best, because there is plenty of them all the time, in any session.. and they add up very quickly. This week, I did over 120 pips already, and its only Tuesday! Well In NY it is still tuesday LOL. but, yeah.. small moves, you can find an entry at any given point.. of a bounce or a trending market or anything, and they add up.
In choppy range bound markets thats good but in a trending market on a daily/weekly chart you leave lots of chips on the table jumping in and out. Let your profits run and cut the losses short.
  • #4,571
  • Aug 7, 2012 7:34pm Aug 7, 2012 7:34pm
[quote=chiknthief;5911382]
Quoting palabara


Koool, if you can make money jumping in and out every 5 minute bar, more power to ya. Everybody has differing definitions of short term trading. To some people an hour is a long time and to others a day or two is a short time. The bottom line : let your profits run and cut your losses short.
I use 30M charts to see an "emerging" entry.. and then do my due diligence. Every position is carefully planned and calculated, for possible rewards vs possible risk..

Need to know, the range and use higher charts to calculate that.. It takes a lot of work, but.. My goal is to raise the lot size while keeping everything the same.. eventually, If I can do $30 pip.. and the amount of pips.. I'd make thousands a week! but, it takes time and discipline to raise lot size and keep everything the same.
There are those who know, and there are those who don't know.
  • #4,572
  • Aug 7, 2012 7:34pm Aug 7, 2012 7:34pm
Quoting GnarlyPips
Might be. I don't know if I can define a comfortable risk, though.

edit: maybe a SL at 1.051?
Welcome GnarlyPips! Your SL is higher than the current level. Are you long?
daddybearforex. com
  • #4,573
  • Aug 7, 2012 7:37pm Aug 7, 2012 7:37pm
Quoting DaddyBear
Why do you think so?
In Japanese market time with AUDJPY & USDJPY.

And Japanese gov don't want strong yen.
  • #4,574
  • Aug 7, 2012 7:39pm Aug 7, 2012 7:39pm
Quoting DaddyBear
Welcome GnarlyPips! Your SL is higher than the current level. Are you long?
Hola!

Wait, price is at 1.054, isn't it? I am not long yet, but if I can find a suitable SL, I am. That's if price doesn't go up before! Maybe a SL of 1.052? This one is tricky. My TP would be 1.06, maybe.
Play the players, not the cards.
  • #4,575
  • Aug 7, 2012 7:43pm Aug 7, 2012 7:43pm
Quoting SemperOorah
Long time lurker here. This thread has been real entertaining and informative and I finally decided to join in the fun. Love the cartoons keep them coming!

I'm currently watching 1.0540 like a hawk. It has become very reliable for both support and resistance in the last week. My bias is down, but I'll let the market decide before I make my move.

The bulls have withheld their position 1.0540!!! I don't think this fight is over though. (Go bears!)
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  • #4,576
  • Aug 7, 2012 7:45pm Aug 7, 2012 7:45pm
Elevator for parity making one last trip up before heading for its destination.... The engine is starting up on the short bus... doors are still open... scaling in may be a good idea...
  • #4,577
  • Aug 7, 2012 7:56pm Aug 7, 2012 7:56pm
Quoting Teddicus
Elevator for parity making one last trip up before heading for its destination.... The engine is starting up on the short bus... doors are still open... scaling in may be a good idea...
how's it going Teddicuss....hey if you don't mind me asking when you say scaling in are you talking about selling on the way up..at least in this instance...
  • #4,578
  • Aug 7, 2012 8:07pm Aug 7, 2012 8:07pm
Quoting SemperOorah
The bulls have withheld their position 1.0540!!! I don't think this fight is over though. (Go bears!)
Welcome SemperOorah! I must overlook your previous message due to delayed posting. Your chart was very nice. Keep up your good job! -DB-
daddybearforex. com
  • #4,579
  • Aug 7, 2012 8:48pm Aug 7, 2012 8:48pm
I'm anticipating price to turn around real quick to make a new low. Though, because it's going to hardly be a new low, it's going to go up afterwards. I've marked when and where with the cross-hairs, but that's only an estimate.

Maybe then I can get my RR.

15M
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Play the players, not the cards.
  • #4,580
  • Aug 7, 2012 9:04pm Aug 7, 2012 9:04pm
long aud/usd 1.0549 tp 1.06 half n rest ride ....retracement done n bull contiuned
long aud/nzd 1.2943 tp 1.2980.... retracement to daily r2

will wait until thursday

Wooooohooooo or Boooooohooooo
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