Aussie Trading Room and Cartoons Gallery | Page 400 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Cartoons and Pics 2,832 replies

EUR/USD Trading Room 328 replies

Do The Trading Room 20 replies

Attachments: Aussie Trading Room and Cartoons Gallery
Exit Attachments

Aussie Trading Room and Cartoons Gallery

  • #7,981
  • Aug 27, 2012 3:23pm Aug 27, 2012 3:23pm
Quoting DaddyBear
I have sensed a very strong bearish smell in our forum since a couple of weeks ago. The bears all have legitimate rationales to back up their claims.

As mentioned earlier, I had built my case for the bulls and would quit debating on this issue.

When looking into the mirror, most people only see what they want to see and ignore what they don't like. If the Forex market is such an easy game, we would all be in the paradise now. IMHO
Sentiment is in my opinion one of THE mosty useful tools, however I think this forum is maybe too small a sample size. Attached is a chart that I've posted before clearly showing how when the "Long Only" small traders are fully loaded (that is the RED line), it's time to look at the downside. (see Feb/Mar and right now)
Attached Image (click to enlarge)
Click to Enlarge Name: Oz.jpg Size: 182 KB
  • #7,982
  • Aug 27, 2012 4:01pm Aug 27, 2012 4:01pm
Quoting Hyperion
Sentiment is in my opinion one of THE mosty useful tools, however I think this forum is maybe too small a sample size. Attached is a chart that I've posted before clearly showing how when the "Long Only" small traders are fully loaded (that is the RED line), it's time to look at the downside. (see Feb/Mar and right now)
May be you are right. Or, may be this is the case ........
Attached Image (click to enlarge)
Click to Enlarge Name: REVERSED.JPG Size: 23 KB
daddybearforex. com
  • #7,983
  • Aug 27, 2012 4:38pm Aug 27, 2012 4:38pm
Quoting Hyperion
Sentiment is in my opinion one of THE mosty useful tools, however I think this forum is maybe too small a sample size. Attached is a chart that I've posted before clearly showing how when the "Long Only" small traders are fully loaded (that is the RED line), it's time to look at the downside. (see Feb/Mar and right now)
This forum may be too small to sample. However, our members come from different corners of the world. I am looking into human herd mentality instead of a democracy voting system. Whether the samples are big boys or small guys, they are all human beings who share the same herd mentality.
daddybearforex. com
  • #7,984
  • Aug 27, 2012 4:52pm Aug 27, 2012 4:52pm
Quoting DaddyBear
This forum may be too small to sample. However, our members come from different corners of the world. I am looking into human herd mentality instead of a democracy voting system. Whether the samples are big boys or small guys, they are all human beings who share the same herd mentality.
Maybe, I'm not suggesting this or any other forum is not a good sentiment gauge, I only think it's limited. For example many people who might be bullish will simply leave a predominantly bearish forum and only come back when that forum agrees with their view. Like you said, people only see what they want to. Personally I love viewing opposing views because they highlight things I might have missed myself.
  • #7,985
  • Edited 5:29pm Aug 27, 2012 5:18pm | Edited 5:29pm
We have Bullish hidden divergence on the Daily and continuing divergence starting to build on H4.

I would like to see PA move down lower to allow the divergence to strengthen further before taking a buy.

I can only trade what I see it is this and only this that gives me an edge in my Forex trading. If there are elements that are invisible, then I have no way of trading them and trying to trade something that I cannot see would be a bet.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd daily hidden divergence 28 08.jpg Size: 134 KB
Click to Enlarge Name: audusd h4 continuing divergence 28 08.jpg Size: 138 KB
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,986
  • Aug 27, 2012 5:23pm Aug 27, 2012 5:23pm
Quoting Hyperion
Maybe, I'm not suggesting this or any other forum is not a good sentiment gauge, I only think it's limited. For example many people who might be bullish will simply leave a predominantly bearish forum and only come back when that forum agrees with their view. Like you said, people only see what they want to. Personally I love viewing opposing views because they highlight things I might have missed myself.
Good point. I call it "counterweight".
daddybearforex. com
  • #7,987
  • Aug 27, 2012 5:27pm Aug 27, 2012 5:27pm
Quoting DaddyBear
Good point. I call it counterweight.
And, the hidden counterweight is more valuable than the visible one.
daddybearforex. com
  • #7,988
  • Aug 27, 2012 5:51pm Aug 27, 2012 5:51pm
Quoting DaddyBear
This forum may be too small to sample. However, our members come from different corners of the world. I am looking into human herd mentality instead of a democracy voting system. Whether the samples are big boys or small guys, they are all human beings who share the same herd mentality.

very very valid point, after all we trade other people, money is just an emotions derivative, say an option
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #7,989
  • Aug 27, 2012 6:03pm Aug 27, 2012 6:03pm
Quoting djambazov84
very very valid point, after all we trade other people, money is just an emotions derivative, say an option
Yeah money is only paper with some strange drawings on it
  • #7,990
  • Aug 27, 2012 6:08pm Aug 27, 2012 6:08pm
Quoting Daytrader74
Yeah money is only paper with some strange drawings on it

and it seems to be very elusive to you
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #7,991
  • Aug 27, 2012 6:42pm Aug 27, 2012 6:42pm
I was also thinking now that the bears seem constipated there must be some bulls hiding waiting to do a big push but the bears seem to be lingering still..
  • #7,992
  • Aug 27, 2012 6:44pm Aug 27, 2012 6:44pm
Quoting Robot Trader
We have Bullish hidden divergence on the Daily and continuing divergence starting to build on H4.

I would like to see PA move down lower to allow the divergence to strengthen further before taking a buy.

I can only trade what I see it is this and only this that gives me an edge in my Forex trading. If there are elements that are invisible, then I have no way of trading them and trying to trade something that I cannot see would be a bet.
getting close
Attached Image
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #7,993
  • Aug 27, 2012 7:10pm Aug 27, 2012 7:10pm
Quoting Robot Trader
We have Bullish hidden divergence on the Daily and continuing divergence starting to build on H4.

I would like to see PA move down lower to allow the divergence to strengthen further before taking a buy.

I can only trade what I see it is this and only this that gives me an edge in my Forex trading. If there are elements that are invisible, then I have no way of trading them and trying to trade something that I cannot see would be a bet.
Do you trade sentiment? Can you see the sentiment?
daddybearforex. com
  • #7,994
  • Aug 27, 2012 7:35pm Aug 27, 2012 7:35pm
Well I was envisioning a bounce to 1.044-45 area but it looks like that's not happening. Is it me or has the AUD become quite a bit trickier in the last couple weeks?????
  • #7,995
  • Aug 27, 2012 7:37pm Aug 27, 2012 7:37pm
For the last 200+ pips the bears have been doing this to the bulls. Eventually the Bulls will be right and the short term run will begin. I just hope accounts were not blown before an opportunity to get out of the longs break even or with small profit. Aussie goes up for one reason and one reason only and its the percieved expectation of more QE and then the highly unlikely reality of it. And even then it will be temporary. Nothing goes straight up and nothing goes straight down but a scenario is setting up for a significant disappointment on the QE3 front and price action is setting up for a signifcant correction to the downside that will accelerate at a rapid pace. I wont get into a pissing contest with anyone about it but I will just simply say if you look at the chart I posted last night then you will se a decent low risk PRZ if indeed you are looking for a place to get long. 0380 was broken and the doors have now opened to 0314 and 0253. JMVHO Peace!!!
Attached Image
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #7,996
  • Aug 27, 2012 7:39pm Aug 27, 2012 7:39pm
Im not part of the human herd mentality when it comes to trading Forex/Commodities.
If I can't see, I wont trade it. Just call me a free thinking Kiwi
  • #7,997
  • Aug 27, 2012 7:41pm Aug 27, 2012 7:41pm
Quoting DaddyBear
Do you trade sentiment? Can you see the sentiment?
If there is sentiment which is pushing the market in a particular direction it will show itself on the chart, therefore it will not be invisible.

I trade the market on what I can see and will wait for a high probability trade based on my rules, if my rules are not met, I will skip the trade and wait for the next visible setup.
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,998
  • Aug 27, 2012 7:42pm Aug 27, 2012 7:42pm
Quoting Robot Trader
If there is sentiment which is pushing the market in a particular direction it will show itself on the chart, therefore it will not be invisible.

I trade the market on what I can see and will wait for a high probability trade based on my rules, if my rules are not met, I will skip the trade and wait for the next visible setup.
Well said
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #7,999
  • Aug 27, 2012 7:47pm Aug 27, 2012 7:47pm
Quoting Hyperion
Maybe, I'm not suggesting this or any other forum is not a good sentiment gauge, I only think it's limited. For example many people who might be bullish will simply leave a predominantly bearish forum and only come back when that forum agrees with their view. Like you said, people only see what they want to. Personally I love viewing opposing views because they highlight things I might have missed myself.
An interesting experiment would be to create 2 threads, one for example audusd bullish, and one audusd bearish.
At any given time, in each thread there are various analysis (technical and foundamental) that explain why price "shoud" go up or down, and one can see that after all at any given moment there is a resonable bearish scenario and a resonable bullish scenario.
Hilarious, really at any given time there are good reason on any market to it go down and up, take for example audusd:

Bullish:
1) recent medium-term is up
2) if the medium term trend is not broken, we'll see a resume of the bullishness sentiment
3) price is pretty oversold in what can be a retrace
4) the long-long term trend for audusd is up

Bearish:
1) the long-long term trend is up, but is pretty at the top, and we can say overbought.
2) the medium term trend is nothing but a move from support to resistance of a big consolidation pattern that last from some years, and after this move has topped on the pattern-resistance (looks like a big simmetrical triangle), price is moving down again to the supports.
3) the current intraday/short-term trend is down
4) i hear about china economic growth problems, and aud problems too, and we can also see oil topping, the bear ship is leaving the port.

So, buy or sell?
That's why i like trading, unless you are subconsciously biased, you can see that no matter what, the chances of price go up or down seems always balanced, this let me think about how traders used to trade in the past, without charts, or how many traders still trade in the pits, just buy and sell without over-analyze an historical chart and without try to predict what will happen next.
  • #8,000
  • Aug 27, 2012 7:51pm Aug 27, 2012 7:51pm
pending longs at...1.0340...1.0332...1.0323...these will close my shorts from 1.0398...good luck to all.....
2 traders viewing now