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  • #7,441
  • Aug 22, 2012 4:01pm Aug 22, 2012 4:01pm
Quoting bouble
Master, How about them.
First, it's not complete because the proportion of the whole pattern has not been properly formed.

Second, last but not least. Seems to me the last has not come yet.

http://www.forexfactory.com/attachme...1&d=1345668925 IMHO
daddybearforex. com
  • #7,442
  • Aug 22, 2012 4:05pm Aug 22, 2012 4:05pm
Quoting edzalexander
Dear DB,

Could it be... that your true identity is.. Sir DaddyBearNanke ?? *Gasp!!
The true identity is "His majesty, DaddyBear I, the Great". Is this crystal clear?

http://www.forexfactory.com/attachme...1&d=1345668925
daddybearforex. com
  • #7,443
  • Aug 22, 2012 4:15pm Aug 22, 2012 4:15pm
Quoting DaddyBear
First, it's not complete because the proportion of the whole pattern has not been properly formed.

Second, last but not least. Seems to me the last has not come yet.

http://www.forexfactory.com/attachme...1&d=1345668925 IMHO

Ok, I see.
  • #7,444
  • Aug 22, 2012 4:18pm Aug 22, 2012 4:18pm
Quoting DaddyBear
The true identity is "His majesty, DaddyBear I, the Great". Is this crystal clear?

http://www.forexfactory.com/attachme...1&d=1345668925
  • #7,445
  • Aug 22, 2012 4:29pm Aug 22, 2012 4:29pm
Quoting eliteincome
Hello Traders

I will hold my shorts for now

There is fair bit off bad news around

I don't care what happens really

It just takes longer for the lemons to turn into lemonade

That's exactly my position. I am holding onto a toxic short right now and as it was mentioned earlier, the rally did not breach the bearish channel that formed on june 8, many attempts made, but no successful breakouts (yet).

I did make 40 pips on that rally as well which is always nice.

I don't know if what i say makes sense but that's what I see. (i am a baby-pip)
  • #7,446
  • Aug 22, 2012 4:45pm Aug 22, 2012 4:45pm
Quoting Denden2012
That's exactly my position. I am holding onto a toxic short right now and as it was mentioned earlier, the rally did not breach the bearish channel that formed on june 8, many attempts made, but no successful breakouts (yet).

I did make 40 pips on that rally as well which is always nice.

I don't know if what i say makes sense but that's what I see. (i am a baby-pip)
Welcome Denden! Whether you are a baby-pip or a giant-pip, please feel at home in our forum. -DB-
daddybearforex. com
  • #7,447
  • Aug 22, 2012 4:49pm Aug 22, 2012 4:49pm
Quoting DaddyBear
Welcome Denden! Whether you are a baby-pip or a giant-pip, please feel at home in our forum. -DB-
Ty DB, I enjoy your cartoons very much. Ive been frequenting your thread for a few days now and I seem to be hooked.
  • #7,448
  • Aug 22, 2012 4:49pm Aug 22, 2012 4:49pm
Hello Again

Yeah tricky rooster today

Whats new

I hedged,made a bit closed it out

Thought about this an hedged again.

To 10550 should reach this

I get all worked up an screw things up even more

My starting balance is always safe,everything I trade with is above this level.

So with learning this pair,trade small,less stress,less risk

This is a good place to learn the ropes
  • #7,449
  • Aug 22, 2012 5:41pm Aug 22, 2012 5:41pm
can any 1 tell me about the gold ? which way is it going will it test the support of 1641??
  • #7,450
  • Aug 22, 2012 5:52pm Aug 22, 2012 5:52pm
"AUD/USD opened NY just above S-T support near 1.0430 as poor Japanese trade data and BHP cancelling a major expansion project added to concerns over global growth and kept AUD/USD pinned. Additional losses were made as Canadian retail sales disappointed adding to a gloomy global econ outlook. AUD/USD tested just below 1.0410 and the slide was halted. S-T names taking profit, Asian and real money bids as well as talk of a 1.00400 barrier contained the slide. Action was light thereafter until the Fed minutes hit the wires. The minutes show the Fed as more dovish than expected. This lead to broad based USD selling and AUD/USD rallied to test yesterday’s 1.0520 high. The rally stalled ahead of the 1.0525 level as mkt participants are still concerned slowing global econs will weigh on the AUD eventually. The struggle to maintain gains over the 10 & 21 DMAs and close above last week’s high continues and keeps bears encouraged while the pair consolidates recent losses. No major data from down under due so external factors will once again drive prices. Tomorrow brings RBA’s Stevens’ semi-annual testimony which may bring some fireworks to the pair. @ThomsonReuters.com"
  • #7,451
  • Aug 22, 2012 5:58pm Aug 22, 2012 5:58pm
Quoting Brocklesnar
can any 1 tell me about the gold ? which way is it going will it test the support of 1641??
It is in the upward move and above the 200 sma. Test of 1641 depends on the China data today. Next resistance is at 1669.
  • #7,452
  • Aug 22, 2012 6:11pm Aug 22, 2012 6:11pm
Quoting irfandbl
pt, laxative and lubricant are indeed in huge demand right now. I believe the fudge guy is in bed right now, hope he's having a nice dream because he's going to wake up in a nightmare, and that goes to me as well

fudge.........just wake up to a nightmare triple fudge!!!!!!!!!!!!!!!!!!
  • #7,453
  • Aug 22, 2012 6:22pm Aug 22, 2012 6:22pm
Its no big deal I'm only like -2046.90 pipies underwater !!!!!!!!!!!!! my account is nearly about to get wiped out like an ass
  • #7,454
  • Aug 22, 2012 6:59pm Aug 22, 2012 6:59pm
Quoting payal
It is in the upward move and above the 200 sma. Test of 1641 depends on the China data today. Next resistance is at 1669.

i bought it @ 1648 i just want it to test this level again so i could close it at BE
  • #7,455
  • Aug 22, 2012 7:09pm Aug 22, 2012 7:09pm
Quoting Daytrader74
Its no big deal I'm only like -2046.90 pipies underwater !!!!!!!!!!!!! my account is nearly about to get wiped out like an ass
Sad to hear that. IMHO, you should just focus on AUD for the time being and make up all your losses. Once you have a sizable balance, then you should venture out on Gold, trading it on a higher TF.

All the very best to you.
  • #7,456
  • Aug 22, 2012 7:12pm Aug 22, 2012 7:12pm
Quoting Brocklesnar
i bought it @ 1648 i just want it to test this level again so i could close it at BE
I'll pm you once I get back home.
I will look and try to give some options.
But as far as eu there is another resistance at 1.2550. Price came close to it and that was when gold peaked. See how far apart the peaks are for eu and xau/usd. If eu dips or xau then you see it one climbing again the other will follow within so many mins. That has been the signals for me the last few months but news are really controlling the market so be careful
Wooooohooooo or Boooooohooooo
  • #7,457
  • Aug 22, 2012 7:22pm Aug 22, 2012 7:22pm
Quoting gnomoneey
I'll pm you once I get back home.
I will look and try to give some options.
But as far as eu there is another resistance at 1.2550. Price came close to it and that was when gold peaked. See how far apart the peaks are for eu and xau/usd. If eu dips or xau then you see it one climbing again the other will follow within so many mins. That has been the signals for me the last few months but news are really controlling the market so be careful
come soon need ur help u trade in gold more often
  • #7,458
  • Aug 22, 2012 7:22pm Aug 22, 2012 7:22pm
Quoting Daytrader74
Its no big deal I'm only like -2046.90 pipies underwater !!!!!!!!!!!!! my account is nearly about to get wiped out like an ass
Hi Daytrader, Is that within your risk amount? 2000 pips in the wrong direction would most definitely be a margin call on my account!
  • #7,459
  • Aug 22, 2012 7:30pm Aug 22, 2012 7:30pm
Quoting Brocklesnar
come soon need ur help u trade in gold more often
Sorry it's still going to be another few hours before I get home.
1650-1660 is level of resistance from what I remember. I have to see if next level goes.
Your problem is if china news might take it to lower tonigt.
Also search for xtrade he has a thread for gold. Read there for any idea
Wooooohooooo or Boooooohooooo
  • #7,460
  • Aug 22, 2012 7:31pm Aug 22, 2012 7:31pm
Quoting DonL
Hi Daytrader, Is that within your risk amount? 2000 pips in the wrong direction would most definitely be a margin call on my account!
Its still within my risk amount, my account can afford to go to -2500 pipies before the devil comes calling and take its soul
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