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  • #7,921
  • Aug 26, 2012 4:46pm Aug 26, 2012 4:46pm
Quoting DaddyBear
Foundation is a good word to describe generic teaching. Are you scalping all the time? What if your students want to learn trading related to larger time frames, what would you do?
Just for the record.. I never said, I scalp! I am short term trader.. People have completed mutated what scalping is.. Short term and swing trading day trading.. combination of the 3.
There are those who know, and there are those who don't know.
  • #7,922
  • Edited 5:07pm Aug 26, 2012 4:57pm | Edited 5:07pm
Quoting palabara
lets say your a student at school, and your "learning a subject" do you learn.. What you wish to learn?! Or learn what you are being taught.. Would I go to a science professor and tell him teach me Quantum geometry.

I wouldn't also use the term generic. Once again.. if you say that then everything we learn in college is also generic.. I teach the basics with a foundation.. When you learn to trade.. you follow other people, you learn and see what made them successful.. then you incorperate the knowledge of what you have learned from them...
Our discussions are getting interesting. Everything we learn in the college is something different from other areas but it is just generic before working in a real career.

Some of the greatest masters in my profession did not have a college degree at all because there were no such professional schools for them to attend. In my profession, most people can be a professional but not a master. A master is not taught but self taught.

There are different reasons for people to go to institutions. One of them is getting diplomas. That is the bottom line.
daddybearforex. com
  • #7,923
  • Edited 9:06pm Aug 26, 2012 5:06pm | Edited 9:06pm
Quoting palabara
Just for the record.. I never said, I scalp! I am short term trader.. People have completed mutated what scalping is.. Short term and swing trading day trading.. combination of the 3.
I hope "scalping" was not offensive to you. It was my impression only. In fact, I do scalping sometimes. There is no law prohibiting scalping in the US and there is nothing wrong of scalping the market.
daddybearforex. com
  • #7,924
  • Aug 26, 2012 5:36pm Aug 26, 2012 5:36pm

fudge...gold just keeps on going uppppppppppppp
  • #7,925
  • Aug 26, 2012 5:40pm Aug 26, 2012 5:40pm
Quoting Daytrader74

fudge...gold just keeps on going uppppppppppppp

It may keep going up due to market speculation of Bernanke's next move. IMHO
daddybearforex. com
  • #7,926
  • Edited 6:08pm Aug 26, 2012 5:43pm | Edited 6:08pm
Quoting DaddyBear
It may keep going up due to market speculation of Bernanke's next move. IMHO
If my speculation of this market's speculation was correct, the Aussie would follow suit to move along with Gold.
daddybearforex. com
  • #7,927
  • Aug 26, 2012 6:15pm Aug 26, 2012 6:15pm
Quoting DaddyBear
If my speculation of this market's speculation was correct, the Aussie would follow suit to move along with Gold.
Totally bearish on my 4h chart.
Next station in my view 320
  • #7,928
  • Aug 26, 2012 6:46pm Aug 26, 2012 6:46pm
Quoting egkid
Totally bearish on my 4h chart.
Next station in my view 320
There is no change in the bearish view. That is, whole rebound form 0.9588 is finished at 1.0612 already. Fall from there is expected to continue to 1.0176 and below. In any case, we'll stay bearish as long as 1.0544 resistance holds and expect deeper decline ahead.
  • #7,929
  • Aug 26, 2012 7:18pm Aug 26, 2012 7:18pm
Quoting DaddyBear
If my speculation of this market's speculation was correct, the Aussie would follow suit to move along with Gold.
Gold could well go it alone this time, while Australia is a Gold producer it is not South Africa. The Aussie strength will be determined solely on how well China can respond to its slow down.

The other factor is how bad things will get in the US, which will push the Aussie up, but if China is not performing at the same time then a strong Aussie will be really bad for the economy.

All developed countries do not want a strong currency it is just not good for growth and this time around Australia might not have China to help them get through a period that will make 2008 look like a small correction.
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,930
  • Aug 26, 2012 7:34pm Aug 26, 2012 7:34pm
Quoting Daytrader74
There is no change in the bearish view. That is, whole rebound form 0.9588 is finished at 1.0612 already. Fall from there is expected to continue to 1.0176 and below. In any case, we'll stay bearish as long as 1.0544 resistance holds and expect deeper decline ahead.
Hope you don't turn too bearish on your own account
  • #7,931
  • Aug 26, 2012 7:36pm Aug 26, 2012 7:36pm
Quoting Daytrader74

fudge...gold just keeps on going uppppppppppppp

I did indicate my views on Friday. Next stop 1687.
  • #7,932
  • Aug 26, 2012 7:40pm Aug 26, 2012 7:40pm
The daily AudChf. Support from TL and EMA 50 and 100. There's a few other TLs that can be drawn, but this is the most obvious. There's also some other things, but it looks like there could be enough support to hold price up for a little longer.
Attached Image (click to enlarge)
Click to Enlarge Name: oddchf.png Size: 37 KB
Play the players, not the cards.
  • #7,933
  • Aug 26, 2012 7:44pm Aug 26, 2012 7:44pm
Quoting payal
I did indicate my views on Friday. Next stop 1687.

I'm thinking 1700, 1750, then 1800. I can't post any good analysis because I can't trade gold so I don't get any good charts, but you can see S/R and S/D levels.

Gold pretty much popped on my Bday last year, I'm not very sure as the reason stated above. Could be a day off. Let's see if there's any big moves next Wednesday. (In either direction.)

Who knows what will happen with gold...
Play the players, not the cards.
  • #7,934
  • Aug 26, 2012 7:51pm Aug 26, 2012 7:51pm
Has anyone suggested that some people should go back to their DEMO account when things dont go to plan????

And good morning all
  • #7,935
  • Aug 26, 2012 8:11pm Aug 26, 2012 8:11pm
Quoting WendyG
Has anyone suggested that some people should go back to their DEMO account when things dont go to plan????

And good morning all
Good morning Wendy. Whether or not going back to demo is a personal decision. The other way around is to trade Micro account to reduce risk while still gaining real experience. I have found a DEMO experience cannot substitute the live account's pain after losing money. IMO
daddybearforex. com
  • #7,936
  • Aug 26, 2012 8:16pm Aug 26, 2012 8:16pm
Quoting Robot Trader
Gold could well go it alone this time, while Australia is a Gold producer it is not South Africa. The Aussie strength will be determined solely on how well China can respond to its slow down.

The other factor is how bad things will get in the US, which will push the Aussie up, but if China is not performing at the same time then a strong Aussie will be really bad for the economy.

All developed countries do not want a strong currency it is just not good for growth and this time around Australia might not have China to help them get through a period...
RT, I heard you loud and clear. I had built my case during this past weekend. Let's see where the Aussie goes from here.
daddybearforex. com
  • #7,937
  • Aug 26, 2012 8:17pm Aug 26, 2012 8:17pm

double fuddddgggggeeeeeeeeeeeeeeeee
  • #7,938
  • Edited 8:53pm Aug 26, 2012 8:20pm | Edited 8:53pm
"Market failed to trip stops above 1.0440 early
1.0400 is under pressure in a fairly quiet start
Fears for China growth & iron ore prices weigh
NY 1.0375 & early 1.0435 are initial sup/res
No data, market sexpected to trade tight ranges
Chart: http://link.reuters.com/teh32t
@thomsonreuters.com"

"AUD/USD slumps below the figure in response to weak CNY fix
AUD/USD makes fresh intraday low at 1.0372
Looks more than CNY fix related move given size of move
Support just below the figure evaporates in the process"

NZD shadows AUD lower, dips from around 0.8110 to fresh session low of 0.8082
Market cites higher CNY fix as initial catalyst
Newswires report HSBC cutting China 2012 GDP f/cast to 8.0% from 8.4%
2013 GDP growth forecast to 8.5% from 8.8%, July industrial profit down 5.4% on yr
NZD back straddling 0.8100. No consensus on near term outlook

@thomsonreuters.com"
  • #7,939
  • Aug 26, 2012 8:45pm Aug 26, 2012 8:45pm
[quote=WendyG;5959895]Has anyone suggested that some people should go back to their DEMO account when things dont go to plan????

Hi Wendy, I don't like demo accounts for this reason:

It is like the old story of the man who was going to fight a duel the next day.
His second asked him, "Are you a good shot?"
"Well," said the duelist, "I can snap the stem of a wine glass at twenty paces"
…and he looked modest.
"That's all very well," said the unimpressed second.
"But can you snap the stem of the wineglass while the wineglass is pointing a loaded pistol straight at your heart?"
(Jesse Livermore Quote)
  • #7,940
  • Aug 26, 2012 9:00pm Aug 26, 2012 9:00pm
Quoting DaddyBear
Our discussions are getting interesting. Everything we learn in the college is something different from other areas but it is just generic before working in a real career.

Some of the greatest masters in my profession did not have a college degree at all because there were no such professional schools for them to attend. In my profession, most people can be a professional but not a master. A master is not taught but self taught.

There are different reasons for people to go to institutions. One of them is getting diplomas. That is the bottom...
First of all no offense. It's just that.. I like to bring back the line of what scalping is.. so people don't get the wrong information.


2nd of all, We are self taught, I am self taught.. I've taught myself economics to learn to do this, Macro economics. I now teach people, because I enjoy it.. But its not about.. what they wish to learn, its about the proper education. I provide with.. from there they can use and equip what I've thought and learn their own methods.. Gain their own experience.

We all find a way to do our trading which is comfortable for us.. in fact, I'm planning on writing a book on the way, I trade. It works for me, its very simple.. and I have not been stressed out in forex since.. I've learned and adopted this stress free technique. I make money.. 9 out of 10 times.. I've been upping my size lots. I feel comfortable enough to do this as my regular job, and invest into other business, with the money I make.
There are those who know, and there are those who don't know.
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