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Aussie Trading Room and Cartoons Gallery

  • #5,461
  • Aug 12, 2012 1:19pm Aug 12, 2012 1:19pm
Quoting DaddyBear
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
thank you
In trading, you have to be defensive and aggressive at the same time
  • #5,462
  • Aug 12, 2012 1:22pm Aug 12, 2012 1:22pm
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.
Is Asia open relevant? Yes, 5:00 PM Sunday is critical because it is the beginning of a trading week. When something big happened during the weekend, we see the gap right at Asia open.
daddybearforex. com
  • #5,463
  • Aug 12, 2012 1:45pm Aug 12, 2012 1:45pm
Based on XE quote, there may not have a significant gap today.
daddybearforex. com
  • #5,464
  • Aug 12, 2012 2:01pm Aug 12, 2012 2:01pm
Quoting DaddyBear
While riding on the Bear's back, the Bull enjoys a great deal of satisfaction so far ...........
At the climax of these happy hours, suddenly, the Bull feels the whole world is upside down ........
Attached Image (click to enlarge)
Click to Enlarge Name: BULL_BEAR-13.JPG Size: 76 KB
daddybearforex. com
  • #5,465
  • Aug 12, 2012 2:47pm Aug 12, 2012 2:47pm
I want to be short at 1.59 with a 25-pip SL, but prices keep changing before the open...
Play the players, not the cards.
  • #5,466
  • Aug 12, 2012 3:01pm Aug 12, 2012 3:01pm
Quoting GnarlyPips
I want to be short at 1.59 with a 25-pip SL, but prices keep changing before the open...
Is there any reason why you picked up 1.59? Please share your insight. Thanks.
daddybearforex. com
  • #5,467
  • Aug 12, 2012 3:04pm Aug 12, 2012 3:04pm
Better RR than another possible level I see, so I'm taking the most +EV decision here.

What's your insight?
Play the players, not the cards.
  • #5,468
  • Aug 12, 2012 3:08pm Aug 12, 2012 3:08pm
Quoting GnarlyPips
Better RR than another possible level I see, so I'm taking the most +EV decision here.

What's your insight?
Don't know what time frame you are using. The best way to look into the future is zooming out not zooming in. Setting up a RR is nothing wrong only if your entry is on the right side. A lot of time, the second R is just like a pie in the sky in my opinion.
daddybearforex. com
  • #5,469
  • Aug 12, 2012 3:09pm Aug 12, 2012 3:09pm
Don't know if it means anything my trading software is showing a big drop from Friday as prices start to "light up" and move. Since the market isn't "officially" open yet, I'm skeptical.
  • #5,470
  • Aug 12, 2012 3:12pm Aug 12, 2012 3:12pm
I use all time frames. I've posted on this thread that I focus more on risk than reward, and in fact assume I will always lose every trade.

Anyways, you got any ideas?
Play the players, not the cards.
  • #5,471
  • Aug 12, 2012 3:13pm Aug 12, 2012 3:13pm
Quoting mattheweston
Don't know if it means anything my trading software is showing a big drop from Friday as prices start to "light up" and move. Since the market isn't "officially" open yet, I'm skeptical.

Could be the first-class tickets for the banks and institutions.
Play the players, not the cards.
  • #5,472
  • Aug 12, 2012 3:14pm Aug 12, 2012 3:14pm
Quoting mattheweston
Don't know if it means anything my trading software is showing a big drop from Friday as prices start to "light up" and move. Since the market isn't "officially" open yet, I'm skeptical.
I look at current PA a prelude of what lies ahead. The Forex market is like a drama, whether it is going to be a tragedy or a comedy is depending on which side your seat is.
daddybearforex. com
  • #5,473
  • Aug 12, 2012 3:16pm Aug 12, 2012 3:16pm
Quoting mattheweston
Don't know if it means anything my trading software is showing a big drop from Friday as prices start to "light up" and move. Since the market isn't "officially" open yet, I'm skeptical.
As to my insight, if it is qualified, I had made it clear in my weekend edition during last two days.
daddybearforex. com
  • #5,474
  • Aug 12, 2012 3:16pm Aug 12, 2012 3:16pm
Quoting DaddyBear
I look at current PA a prelude of what lies ahead. The Forex market is like a drama, whether it is going to be a tragedy or a comedy is depending on which side your seat is.
so true DB
Wooooohooooo or Boooooohooooo
  • #5,475
  • Aug 12, 2012 3:17pm Aug 12, 2012 3:17pm
Quoting DaddyBear
I look at current PA a prelude of what lies ahead. The Forex market is like a drama, whether it is going to be a tragedy or a comedy is depending on which side your seat is.

I didn't realize there was two shows going at once. I thought it was always a tragedy considering 95% of the audience is crying...
Play the players, not the cards.
  • #5,476
  • Aug 12, 2012 3:20pm Aug 12, 2012 3:20pm
Quoting GnarlyPips
I didn't realize there was two shows going at once. I thought it was always a tragedy considering 95% of the audience is crying...
It's not two shows going at once. The scenarios are to be unfolded gradually. If you were sitting at the wrong side of the isle, you would only be able to see the tragic ending while the other side audience would enjoy a comedy in the end.
daddybearforex. com
  • #5,477
  • Aug 12, 2012 3:21pm Aug 12, 2012 3:21pm
Quoting DaddyBear
As to my insight, if it is qualified, I had made it clear in my weekend edition during last two days.

To be honest, I've seen you go both ways.

http://www.forexfactory.com/showthread.php?p=5923041#post5923041

What is this?

http://www.forexfactory.com/showthread.php?p=5922714#post5922714

This?

Could it mean that in the future, price will eventually go up and down?
Play the players, not the cards.
  • #5,478
  • Aug 12, 2012 3:24pm Aug 12, 2012 3:24pm
Quoting DaddyBear
It's not two shows going at once. The scenarios are to be unfolded gradually. If you were sitting at the wrong side of the isle, you would only be able to see the tragic ending while the other side audience would enjoy a comedy in the end.

Wouldn't it be very clear as to just which side of the aisle is full? The full side would be the 95% that would be crying. The 5% on the right aisle would be the big wigs in their secluded seats, no? I don't see them ever crying, ever.
Play the players, not the cards.
  • #5,479
  • Aug 12, 2012 4:09pm Aug 12, 2012 4:09pm
open gap down
5540
I was hoping gap up so I could sell now not sure.I have to wait and see where is PA going
In trading, you have to be defensive and aggressive at the same time
  • #5,480
  • Aug 12, 2012 4:11pm Aug 12, 2012 4:11pm
Good evening / afternoon or w/e it is where your at peaple

Couldent resist having a little long here not looking for hge pips am just expecting the gap to close to give me 20-30 pips or so
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