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Aussie Trading Room and Cartoons Gallery

  • #7,461
  • Aug 22, 2012 5:36pm Aug 22, 2012 5:36pm
Quoting gnomoneey
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
ohkay i chk for it eerrgh gold sucks took all my profit for the month and left me with -64
  • #7,462
  • Aug 22, 2012 5:37pm Aug 22, 2012 5:37pm
Quoting Daytrader74
Its still within my risk amount, my account can afford to go to -2500 pipies before the devil comes calling and take its soul
If it was gold, at least it has stopped at the 2nd pivot level and the AUD was halted by the previous top and both are looking like the possibility of a retrace and stochs overbought on the 1h chart.
  • #7,463
  • Aug 22, 2012 6:13pm Aug 22, 2012 6:13pm
Quoting gatorinla
i got 2609 as a target and 98.06 on oil.. after i look for a LT short.. aud didn't forget 0724.. if euro breaks today's low w/o a new high.. i say down before up. if..........
aud seems to want 0629.. since its at 0520 atm.. i will wait for sub 0465.. not saying its going there. its just a place i look to long at with a weakness of bear signal.
those who can, do. those who cant, talk about those who can
  • #7,464
  • Aug 22, 2012 6:23pm Aug 22, 2012 6:23pm
Quoting gatorinla
looking to buy the euro if it dont hit 2505/30, after 2372. probably in the 2317/19 area or lower toward the 225x area if possible. and target 2505/
with a now low 2372 should come. and 2317 is norm... im am not recommending a short, just where i want to long. .. but if you have something u use that says short. post it. thank you atm at 2467.. if it closes below 2462 and 59.. it should test the low.
high broke... mirror at 2546.4 untouched
Attached Image (click to enlarge)
Click to Enlarge Name: yen.PNG Size: 27 KB
those who can, do. those who cant, talk about those who can
  • #7,465
  • Aug 22, 2012 6:26pm Aug 22, 2012 6:26pm
Quoting gatorinla
aud seems to want 0629.. since its at 0520 atm.. i will wait for sub 0465.. not saying its going there. its just a place i look to long at with a weakness of bear signal.
eu sub 2459.4
those who can, do. those who cant, talk about those who can
  • #7,466
  • Aug 22, 2012 6:45pm Aug 22, 2012 6:45pm
Quoting DaddyBear
Before you jump ship please wait.

There are two possibilities ahead.

1. After the retracement, Bulls are in control again.
2. The run-up today was a retracement. Bears will regain the control.
My master, Now is 1 already or not?
  • #7,467
  • Aug 22, 2012 6:50pm Aug 22, 2012 6:50pm

My account is just about to commit suicide
  • #7,468
  • Aug 22, 2012 6:50pm Aug 22, 2012 6:50pm
Hey guys....

Nice to see you all after a week almost..... its so nice to see healthy debates on the thread....

yesterdays PA shows Bulls took control again, however i still expected some sellers may be waiting at the supply zone around 10515, since no one was selling i took a long with small risk of 8 Pips SL after the 1 HR Pin Closed......
as expected yesterday's high has been Broken on small TF.....
Just waiting to see how far it goes in my favor.

its 33 Pips now... good one for a risk of 8 Pips huh....

Regards,
FX-Pro
Attached Image
  • #7,469
  • Aug 22, 2012 6:51pm Aug 22, 2012 6:51pm
Quoting Daytrader74
Its still within my risk amount, my account can afford to go to -2500 pipies before the devil comes calling and take its soul
Owchies, too much risk per trade bro. Your account was doing fine just a few days ago.

Maybe hedge it with a buy? I did that with the euro a months ago when I was short and it was doing the run up to 1.272.
  • #7,470
  • Aug 22, 2012 6:53pm Aug 22, 2012 6:53pm
Quoting DonL
If it was gold, at least it has stopped at the 2nd pivot level and the AUD was halted by the previous top and both are looking like the possibility of a retrace and stochs overbought on the 1h chart.
Sorry Daytrader! Looks like gold pivot levels got blown. I was trying to will it down for you, but my telekinetic powers are weak!
  • #7,471
  • Aug 22, 2012 6:54pm Aug 22, 2012 6:54pm
the biggest winners is always the smaller/quicker stop out.
  • #7,472
  • Aug 22, 2012 6:55pm Aug 22, 2012 6:55pm
Quoting 5percent
the biggest winners is always the smaller/quicker stop out.
Amen!
There are those who know, and there are those who don't know.
  • #7,473
  • Aug 22, 2012 6:57pm Aug 22, 2012 6:57pm
Quoting Daytrader74

My account is just about to commit suicide


  • #7,474
  • Aug 22, 2012 7:00pm Aug 22, 2012 7:00pm
Quoting 5percent
the biggest winners is always the smaller/quicker stop out.
Hi 5%....

Rightly said...
  • #7,475
  • Aug 22, 2012 7:02pm Aug 22, 2012 7:02pm
Quoting Daytrader74

My account is just about to commit suicide

So sorry Daytrader...
  • #7,476
  • Aug 22, 2012 7:03pm Aug 22, 2012 7:03pm
Sorry to hear that Daytrader.

What is the sentiment on the PMI news? >50 or <50?
  • #7,477
  • Aug 22, 2012 7:06pm Aug 22, 2012 7:06pm
squeezed off a short at 1.054x (counter trend), chinese news out soon, tight stops 10 pips. Just playing the swings. Haven't been trading this pair for weeks, anyone short got burned pretty bad in the last few days.

Silver and WTI are up very high, definitely an interesting month for trading.
  • #7,478
  • Aug 22, 2012 7:07pm Aug 22, 2012 7:07pm
Quoting samedi
squeezed off a short at 1.054x (counter trend), chinese news out soon, tight stops 10 pips. Just playing the swings. Haven't been trading this pair for weeks, anyone short got burned pretty bad in the last few days.

Silver and WTI are up very high, definitely an interesting month for trading.
I'm on the same boat!
There are those who know, and there are those who don't know.
  • #7,479
  • Aug 22, 2012 7:10pm Aug 22, 2012 7:10pm
While waiting for Chinese news, the Bull is still enjoying his beach vacation ......

Attention: DaddyBear's cartoons are not indicators, please do not apply them to your charts because they won't fit anyway.
Attached Image
daddybearforex. com
  • #7,480
  • Aug 22, 2012 7:14pm Aug 22, 2012 7:14pm
Quoting DaddyBear
While waiting for Chinese news, the Bull is still enjoying his beach vacation ......
Excellent cartoon.... it really make sense instead of text...

Good one DB....
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