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Aussie Trading Room and Cartoons Gallery

  • #5,041
  • Aug 9, 2012 9:20am Aug 9, 2012 9:20am
Quoting supertubes
I hope that rope is like a bungie jump cord as it might need to strech a little . . .
I sure hope so too bro, we will see by the time the guy falls
  • #5,042
  • Aug 9, 2012 9:23am Aug 9, 2012 9:23am
Quoting doblece
Good afternoon to you too! (still A.M. here though - lunch time in about 15 minutes).

Bon appétit!
Is the Earth turning clockwise now? You are one hour ahead of me.
Attached Image
daddybearforex. com
  • #5,043
  • Aug 9, 2012 9:25am Aug 9, 2012 9:25am
Quoting DaddyBear
Where is Daytrader74? Does he have had a diarrhea since last night? I have not "seen" him since the time right before the news.
I miss the part that he shows up with the F word everytime a big move happens, he's the best at it

at least I got his PT with me right now
  • #5,044
  • Aug 9, 2012 9:28am Aug 9, 2012 9:28am
Quoting irfandbl
I miss the part that he shows up with the F word everytime a big move happens, he's the best at it

at least I got his PT with me right now
Are you the stunt of Daytrader74? He told me he was using the PT last night.
What movie is this?
daddybearforex. com
  • #5,045
  • Aug 9, 2012 9:32am Aug 9, 2012 9:32am
While I was talking something childish, M30 100SMA crossed below 200SMA. This is meaningful. If you are newbies, do your own due diligence to find your own answers. -DB-
daddybearforex. com
  • #5,046
  • Aug 9, 2012 9:35am Aug 9, 2012 9:35am
Quoting DaddyBear
While I was talking something childish, M30 100SMA crossed below 200SMA. This is meaningful. If you are n00bies, do your own due diligence to find your own answers. -DB-
you called?
  • #5,047
  • Aug 9, 2012 9:37am Aug 9, 2012 9:37am
Quoting DaddyBear
While I was talking something childish, M30 100SMA crossed below 200SMA. This is meaningful. If you are newbies, do your own due diligence to find your own answers. -DB-
present sir!

tic..toc..tic..toc

Attached Image (click to enlarge)
Click to Enlarge Name: m30.gif Size: 17 KB
  • #5,048
  • Aug 9, 2012 9:43am Aug 9, 2012 9:43am
Now, this is a M5 Bull gargoyle pattern. FYI only
Attached Image
daddybearforex. com
  • #5,049
  • Aug 9, 2012 9:44am Aug 9, 2012 9:44am
Quoting n00b
you called?
May be a wrong number but if you don't mind .......
daddybearforex. com
  • #5,050
  • Edited 10:23am Aug 9, 2012 9:54am | Edited 10:23am
Quoting DaddyBear
Now, this is a M5 Bull gargoyle pattern. FYI only
This M5 Bull gargoyle is currently held by a 100 SMA rope. When the rope is extended further, the gargoyle will ...........
Attached Image
daddybearforex. com
  • #5,051
  • Edited 10:24am Aug 9, 2012 10:01am | Edited 10:24am
Quoting DaddyBear
This M5 Bull gargoyle is currently held by a 100 SMA rope. When the rope is extended further, the gargoyle will ...........
In the meantime, the 200 SMA serves as a springboard on top of this gargoyle .......
Attached Image
daddybearforex. com
  • #5,052
  • Aug 9, 2012 10:01am Aug 9, 2012 10:01am
Can someone briefly explain I'll appreciate

1.Is AUD correlated with EUR? Yes or NO?

2.If NO then why does it move in sink with Euro

Just puzzles me.
In trading, you have to be defensive and aggressive at the same time
  • #5,053
  • Aug 9, 2012 10:04am Aug 9, 2012 10:04am
Quoting Davit
Can someone briefly explain I'll appreciate

1.Is AUD correlated with EUR? Yes or NO?

2.If NO then why does it move in sink with Euro

Just puzzles me.
I got a simple answer for you.

1. Is your wife correlated to you?
2. If NO then why does she move in sink with you?
This puzzles me as well.
daddybearforex. com
  • #5,054
  • Aug 9, 2012 10:07am Aug 9, 2012 10:07am
Quoting DaddyBear
I got a simple answer for you.

1. Is your wife correlated to you?
2. If NO then why does she move in sink with you?
This puzzles me as well.
Another simple answer for ya.

Your enemy's enemy is your friend.
The common enemy of AUD and EUR is USD.

This is what I see it.
daddybearforex. com
  • #5,055
  • Aug 9, 2012 10:15am Aug 9, 2012 10:15am
Now it is the Bear's shower time again ....

http://www.forexfactory.com/attachme...1&d=1344489847
daddybearforex. com
  • #5,056
  • Aug 9, 2012 10:22am Aug 9, 2012 10:22am
Is this what happening now?

http://www.forexfactory.com/attachme...1&d=1344479919
daddybearforex. com
  • #5,057
  • Aug 9, 2012 10:24am Aug 9, 2012 10:24am
Quoting DaddyBear
Another simple answer for ya.

Your enemy's enemy is your friend.
The common enemy of AUD and EUR is USD.

This is what I see it.
Thank you.I read there is 70% correlation
Now going back to Aud "big" fall.How could this pair fall say back to 1.010-20
when Euro is gaining.
It seems as long as Euro raises we can forget Aud falling.
I understand eventually everything comes down but question how long wait 3-8 month or more?
It seems perhaps we are beating the bush without merit.
In trading, you have to be defensive and aggressive at the same time
  • #5,058
  • Aug 9, 2012 10:29am Aug 9, 2012 10:29am
Quoting Davit
Thank you.I read there is 70% correlation
Now going back to Aud "big" fall.How could this pair fall say back to 1.010-20
when Euro is gaining.
It seems as long as Euro raises we can forget Aud falling.
I understand eventually everything comes down but question how long wait 3-8 month or more?
It seems perhaps we are beating the bush without merit.
I would not spent one minute to figure out whether or not there is a co-relation between these two. All I do is focusing on the Aussie only. They are two animals belonging to different species. You see, the Euro is an animal going to extinct soon but the Aussie is a healthy baby in my opinion.
daddybearforex. com
  • #5,059
  • Aug 9, 2012 10:33am Aug 9, 2012 10:33am
Quoting DaddyBear
I would not spent one minute to figure out whether or not there is a co-relation between these two. All I do is focusing on the Aussie only. They are two animals belonging to different species. You see, the Euro is an animal going to extinct soon but the Aussie is a healthy baby in my opinion.
Furthermore, the Euro is under heavy medication treatment which will not be working in the end. The Euro is held up by all the European doctors and nurses at anytime until ........
daddybearforex. com
  • #5,060
  • Aug 9, 2012 10:33am Aug 9, 2012 10:33am
Quoting Davit
Can someone briefly explain I'll appreciate

1.Is AUD correlated with EUR? Yes or NO?

2.If NO then why does it move in sink with Euro

Just puzzles me.

1 & 2: YES and NO

YES on small timeframes
NO on the long run

and anyway not for the same amount of pips mostly.

Based on this apparent correlation I had been using EUR/USD to hedge AUD/USD... however I did a thorough backwards check and although there was good sync at times, on other occasions the difference between currency pairs reached almost 2000 pips over time ...

The timeframe which shows the best correlation is M5 (more than 90% usually). Will try to find the website where I checked this and post it later.
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