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Aussie Trading Room and Cartoons Gallery

  • #5,441
  • Aug 12, 2012 7:15am Aug 12, 2012 7:15am
Quoting DaddyBear
When the Bear walks with the Aussie lady, it's a sign of something ....
This is another sign ........

http://www.forexfactory.com/attachme...1&d=1344734846
daddybearforex. com
  • #5,442
  • Aug 12, 2012 7:16am Aug 12, 2012 7:16am
Quoting DaddyBear
This is another sign ........
And, one more clue .......

http://www.forexfactory.com/attachme...1&d=1344739542
daddybearforex. com
  • #5,443
  • Edited 7:39am Aug 12, 2012 7:24am | Edited 7:39am
Quoting DaddyBear
And, one more clue .......
In conclusion, the Bear is not dead yet. He is thinking .......
Attached Image (click to enlarge)
Click to Enlarge Name: BULL_BEAR-12.JPG Size: 46 KB
daddybearforex. com
  • #5,444
  • Aug 12, 2012 7:42am Aug 12, 2012 7:42am
Quoting DaddyBear
In conclusion, the Bear is not dead yet. He is thinking .......
Sometimes it's better to be wrong,to learn..
  • #5,445
  • Aug 12, 2012 7:43am Aug 12, 2012 7:43am
Quoting KiNgEdwarD
He is thinking ....... about you .........
daddybearforex. com
  • #5,446
  • Aug 12, 2012 7:49am Aug 12, 2012 7:49am
Quoting DaddyBear
He is thinking ....... about you.
and what he's thinking?
Sometimes it's better to be wrong,to learn..
  • #5,447
  • Aug 12, 2012 7:50am Aug 12, 2012 7:50am
Quoting DaddyBear
He is thinking ....... about you .........
for his lunch .........
daddybearforex. com
  • #5,448
  • Aug 12, 2012 7:52am Aug 12, 2012 7:52am
Quoting DaddyBear
for his lunch .........
Sometimes it's better to be wrong,to learn..
  • #5,449
  • Aug 12, 2012 7:54am Aug 12, 2012 7:54am
Quoting KiNgEdwarD
for his lunch ......... guest ..........
daddybearforex. com
  • #5,450
  • Aug 12, 2012 7:56am Aug 12, 2012 7:56am
Quoting DaddyBear
for his lunch ......... guest ..........
for his lunch ......... guest .......... then for his dinner ............
daddybearforex. com
  • #5,451
  • Aug 12, 2012 8:50am Aug 12, 2012 8:50am
Quoting DaddyBear
Welcome Pair-me-up!

Average Directional Index (ADX)
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:average_directional_index_adx

You've got good memory. I prefer to use my memory for other purposes. I only use the reversal candle patterns. -DB-

Thanks for the welcome. Which reversal candle patterns do you use besides the ones that I have already mentioned? :nerd:
Luck has no place in trading. Leave that for the poker table.
  • #5,452
  • Aug 12, 2012 10:55am Aug 12, 2012 10:55am
Quoting DaddyBear
I see what you see. Although I believe buy high and sell higher, it is at a level that too high to buy and not high enough to sell for longer term traders. IMHO
at this kind of condition, would you think that it would be saver to go long or short in terms of short term trades
I've been picking on tops recently because I don't have the idea on where or when to pick on bottoms
  • #5,453
  • Aug 12, 2012 11:20am Aug 12, 2012 11:20am
Quoting Pair-me-up
Thanks for the welcome. Which reversal candle patterns do you use besides the ones that I have already mentioned? :nerd:
Although there are so many candle patterns, I only use the reversal patterns such as Dojis, stars, hammers. I believe trading is an art. Using candles belongs to the same art as well. -IMHO-
daddybearforex. com
  • #5,454
  • Aug 12, 2012 11:28am Aug 12, 2012 11:28am
Quoting irfandbl
at this kind of condition, would you think that it would be saver to go long or short in terms of short term trades
I've been picking on tops recently because I don't have the idea on where or when to pick on bottoms
I prefer not to tell people how to trade or when to enter/exit. Everyone has to evaluate all the information available and make decisions independently.

Short-term trading actually is more difficult than longer-term trading in my opinion. There is no such thing as to a safer trade in the Forex market. The time you feel safe is the time you get killed.
daddybearforex. com
  • #5,455
  • Aug 12, 2012 11:54am Aug 12, 2012 11:54am
Quoting DaddyBear
Although there are so many candle patterns, I only use the reversal patterns such as Dojis, stars, hammers. I believe trading is an art. Using candles belongs to the same art as well. -IMHO-
Dojis, stars, hangmen, shooting stars, hammers, inverted hammers, etc.. Can be good reversals. They are usually the begining candles for inside and outside up and down bear and bull reversal patterns. Nevertheless. Some of the text book patterns that are used within the equities and futures market like the dojis you mentioned can actually be a bearish on neck or bearish in neck patter. Those by the way are bearish continuation patterns, but for someone that doesn't know the candles that are specific to forex might think that those dojis are reversals.

here is a good example of what I am referring to. Enjoy!
http://www.fxwords.com/b/bearish-in-neck-on-neck--thrusting-continuation-patterns.html Mata nihongo o honto ni benkyo shitakereba zehi ganbatte kudasai!
Luck has no place in trading. Leave that for the poker table.
  • #5,456
  • Aug 12, 2012 12:18pm Aug 12, 2012 12:18pm
While riding on the Bear's back, the Bull enjoys a great deal of satisfaction so far ...........
Attached Image (click to enlarge)
Click to Enlarge Name: TITANIC.JPG Size: 93 KB
daddybearforex. com
  • #5,457
  • Aug 12, 2012 12:35pm Aug 12, 2012 12:35pm
Good day DB and others

I have a question that needs clarification if anyone cares to explain.
Which open is daily Open price
Asia 5pm
London 3am
New york 8am

I read lot of methods pivots etc all applying daily open price but I am not sure
which open they are talking about.
Asia seems logical since that's the beginning of trading day however since it does not have the muscle to do much I am thinking London open as a daily open.
What do you guys think.
Thank you
In trading, you have to be defensive and aggressive at the same time
  • #5,458
  • Aug 12, 2012 12:42pm Aug 12, 2012 12:42pm
Quoting Davit
Good day DB and others

I have a question that needs clarification if anyone cares to explain.
Which open is daily Open price
Asia 5pm
London 3am
New york 8am

I read lot of methods pivots etc all applying daily open price but I am not sure
which open they are talking about.
Asia seems logical since that's the beginning of trading day however since it does not have the muscle to do much I am thinking London open as a daily open.
What do you guys think.
Thank you
New York 5pm
daddybearforex. com
  • #5,459
  • Aug 12, 2012 1:05pm Aug 12, 2012 1:05pm
Quoting DaddyBear
New York 5pm
Thank you DB
How relevant is it for trading. They are lot of methods based on daily open candle but I am thinking things don't move much untill London Open.
Is Asia open relevant.
You have lot more trading experience.What do you think.
In trading, you have to be defensive and aggressive at the same time
  • #5,460
  • Aug 12, 2012 1:15pm Aug 12, 2012 1:15pm
Quoting Davit
Thank you DB
How relevant is it for trading. They are lot of methods based on daily open candle but I am thinking things don't move much untill London Open.
Is Asia open relevant.
You have lot more trading experience.What do you think.
Usually, the Forex market is slow from 4:00 PM to 7:00 PM and between 11:00 PM to 2:00 AM. However, this is not a set rule. Sometimes news comes out right after 4:00 PM, and the market reacts accordingly. A lot of Aussie's news come between 8:00 PM and 1:00 AM. These news move the Aussie dramatically as well. I prefer not ot be preoccupied by certain fixed concept. IMHO
daddybearforex. com
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