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Aussie Trading Room and Cartoons Gallery

  • #5,301
  • Aug 10, 2012 10:57am Aug 10, 2012 10:57am
Quoting Iro
Can't believe how right I was about the aussie. Came whipping back in less than a day and now regained all the losses from the RBA drop.... wow.
USD got trashed back into it's opening level. AUD could be on gear 5 for 1.06*** area next. daily's high 85 is important level.
  • #5,302
  • Aug 10, 2012 10:57am Aug 10, 2012 10:57am
Quoting Daytrader74
Dear Gold,

Just wanted to say thank you for making me +8.3% today it was really nice while it lasted but now I must say goodbye my friend as I don't want to stick around until the bend my friend.

I will miss you my friend but I will be back again next week to drain you dry my friend.

Me love you long time.

Goodbye my friend, goodbye my lover.

Sincerely mine,
Buttman.
I hope it stays that way and you don't get dried up
  • #5,303
  • Aug 10, 2012 11:09am Aug 10, 2012 11:09am
What are you .....
Attached Image (click to enlarge)
Click to Enlarge Name: SHOWER-4.JPG Size: 65 KB
daddybearforex. com
  • #5,304
  • Aug 10, 2012 11:15am Aug 10, 2012 11:15am
Quoting DaddyBear
What are you .....
please do not pick up the soap if you drop it, I repeat...do not pick up the soap..the bull's behind you

Attached Image
  • #5,305
  • Aug 10, 2012 11:27am Aug 10, 2012 11:27am
Quoting irfandbl
please do not pick up the soap if you drop it, I repeat...do not pick up the soap..the bull's behind you

Attachment
Why are there four legs?
daddybearforex. com
  • #5,306
  • Aug 10, 2012 11:29am Aug 10, 2012 11:29am
Quoting DaddyBear
Why are there four legs?
was it supposed to be 6 legs?
  • #5,307
  • Aug 10, 2012 11:36am Aug 10, 2012 11:36am
Kind of a H & S....
Attached Image (click to enlarge)
Click to Enlarge Name: h & s aud aug 10, 2012.gif Size: 17 KB
  • #5,308
  • Aug 10, 2012 11:36am Aug 10, 2012 11:36am
Quoting pemula
hello all!!
Im new in forex trading. And I already floating 2 weeks ni audusd pairs..
Really confused abput next step...
Where were you last night! It plunged to 50 and you should of closed your shorts (assuming they are)
Holding shorts on these pairs are expensive -negative interest.I closed my shorts but looking to place more 59-60 areas.
For long time holding positions buying makes more sense since you get paid positive interest.
Anyway good luck

I would recommend reducing your lot sizes till you learn. I reduced my lots from 1.0 to .50C
Less stress.Less panic.I don't know your account size but you should place your orders in "pillow test"
meaning if you can sleep without worrying then your lots are in correct size.
In trading, you have to be defensive and aggressive at the same time
  • #5,309
  • Aug 10, 2012 11:40am Aug 10, 2012 11:40am
Quoting payal
Kind of a H & S....
i see the demon's horns
  • #5,310
  • Aug 10, 2012 11:41am Aug 10, 2012 11:41am
Me too, I don't like short aussie because of the carry, if I want to short, short euro and if I want to long, long aussie.
  • #5,311
  • Aug 10, 2012 11:57am Aug 10, 2012 11:57am
Just thought I'd come in to say that recently, my well-to-do peers who aren't active traders/investors are contemplating buying the AUD.

A sign to me, that dumb money is entering the market and would be an indicator for position traders like me that a top maybe forming.

I'm contemplating moving some money into the CAD but will still be playing AUD depending on the price levels. Happy day trading you guys!
  • #5,312
  • Aug 10, 2012 12:02pm Aug 10, 2012 12:02pm
I am done for the week
Last night +45pips shorting from 60
Week total +80 pips

Looking forward next week

DB
Love your drawings keep them coming
In trading, you have to be defensive and aggressive at the same time
  • #5,313
  • Aug 10, 2012 12:52pm Aug 10, 2012 12:52pm
Quoting Esssex
Just thought I'd come in to say that recently, my well-to-do peers who aren't active traders/investors are contemplating buying the AUD.

A sign to me, that dumb money is entering the market and would be an indicator for position traders like me that a top maybe forming.

I'm contemplating moving some money into the CAD but will still be playing AUD depending on the price levels. Happy day trading you guys!
Depends if on what they buy really. If they plan on trading forex and just buy a/u then I would say that's dumb because its too volatile. But if they say buy aussie treasury bonds at current 3.9% cash yields like the China sovereign CIC is doing. I would say its a good investment, its triple A rated, will go up in value if the RBA cuts rates or even if held until maturity it'll still provide good yields.
  • #5,314
  • Aug 10, 2012 1:05pm Aug 10, 2012 1:05pm
This level is H1 FIB 61.80%. Is this a line in the sand or not?
daddybearforex. com
  • #5,315
  • Aug 10, 2012 1:35pm Aug 10, 2012 1:35pm
Gidday traders

My girl friend has needs,she said if I don't take her out she will ring her other boy friend who can.
Hard decision to make as I enjoy my trading.
After hours of getting ready,she looked all brand new.
Man has to stand his ground,an show his girl who's boss.

So we ended up going out.
  • #5,316
  • Aug 10, 2012 1:47pm Aug 10, 2012 1:47pm
What do the experts have to say? where is it doing DB? we need more bears... looks like there is some shortage of bear inventory at DBF.
My Currency is Urgency
  • #5,317
  • Edited 2:20pm Aug 10, 2012 1:59pm | Edited 2:20pm
Quoting eliteincome
Gidday traders

My girl friend has needs,she said if I don't take her out she will ring her other boy friend who can.
Hard decision to make as I enjoy my trading.
After hours of getting ready,she looked all brand new.
Man has to stand his ground,an show his girl who's boss.

So we ended up going out.
Always remember this quote and you will a great life with your life partner

"A HAPPY WIFE IS A HAPPY LIFE"
Wooooohooooo or Boooooohooooo
  • #5,318
  • Aug 10, 2012 2:56pm Aug 10, 2012 2:56pm
Quoting payal
Kind of a H & S....
Looks like the right shoulder just completed and we might see 437 by tuesday??
  • #5,319
  • Aug 10, 2012 3:07pm Aug 10, 2012 3:07pm
D1 seems ending as a hanging man. wondering which one of us (bears) as hanging on the chart.
My Currency is Urgency
  • #5,320
  • Aug 10, 2012 3:10pm Aug 10, 2012 3:10pm
Quoting payal
Looks like the right shoulder just completed and we might see 437 by tuesday??

I"m thinking a short opportunity pre-europe market on Sunday might be a good situation depending on how the sentiment develops and what technical levels we hover at over the weekend. Else it's going to be more blah blah, QE3/equity melt up, gold up talk.

Between here and 1.06 is a great R/R for a short in my opinion.
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