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Aussie Trading Room and Cartoons Gallery

  • #8,081
  • Edited 10:09pm Aug 28, 2012 8:47pm | Edited 10:09pm
Quoting Dane
This month I've lost some money on this crap pair!!

For me the problem is that I see two very strong camps;

 

  1. Bears
  2. Bulls

The bears are motivated by the fundamentals i.e. China slow down, Australian mining operations amongst others.

The bulls are motivated by the positive swap interest, the ongoing purchase of Australian dollar as a potential safe currency and lets throw in gold as well.

We also have to consider and plug into this, the economic situation the world finds itself in.

So what do we do, play both sides until...

Seems to me, you are a fundie guy. I have never spent time on the fundamental issues that you mentioned. Although currently I am bullish on the Aussie, I have never looked into the issues of the positive swap interest, the ongoing purchase of Australian dollar as a potential safe currency and etc.

The market means the big boys not us. Whatever we are thinking about the Aussie based on the fundies does not make any difference at all. I spent my time looking at the charts and the blank spaces to the right of current charts. This is what I can do and control in the trading.

This also helps me make judgements without bias. I am not preoccupied by what the fundies mean to the Aussie's next moves.
daddybearforex. com
  • #8,082
  • Aug 28, 2012 8:54pm Aug 28, 2012 8:54pm
Quoting gnomoneey
hello everyone...it's been awhile since posting
1- a close on h4 below monthly pivot should be bearish pa

2- a close on daily above daily pivot will be bullish
- also a bullish engulfing inside bar on h4 forming
- also a bullish inside bar forming currently
- should go to at least daily r1 1.0398

look at h4 that just finished almost six hours
you had a bearish engulfing candle formed and this current candle is confirmation for now ...if it closes in 2.5hrs from now below monthly then we are continuing down to at least daily s1 1.0340 and lower tl support. from there we might bounce for the third time or it might gofurther down to daily s2 1.0320.
it looks like we might range for a couple of days for now....having 1.037x as the median price...
but what do i know... Attached Thumbnails http://www.forexfactory.com/attachme...1&d=1346190110 (http://www.forexfactory.com/attachment.php?attachmentid=1028104&d=1346190110)
Wooooohooooo or Boooooohooooo
  • #8,083
  • Aug 28, 2012 9:27pm Aug 28, 2012 9:27pm
Quoting DaddyBear
Seems to me, you are a fundie guy. I have never spent time on the fundamental issues that you mentioned. Although currently I am bullish on the Aussie, I have never looked into the issues of the positive swap interest, the ongoing purchase of Australian dollar as a potential safe currency and etc.

The market means the big boys not us. Whatever we are thinking about the Aussie based on the fundies does not make any difference at all. I spent my time looking at the charts and the blank spaces to the right of current charts. This is want I...
And that's how u might miss the forest for the trees.

Remember, the big boys move the market and THAT draws the charts. The small fry follows.
  • #8,084
  • Edited 11:06pm Aug 28, 2012 10:01pm | Edited 11:06pm
Quoting pqt
And that's how u might miss the forest for the trees.

Remember, the big boys move the market and THAT draws the charts. The small fry follows.
Let me make it clear about my view. Say I am very concerned about a war and thinking about it all the time. Does my thinking make any differences to that war?

I am not against people discussing fundies. That is their freedom of speech. Remember, the big boys move the market and THAT draws the charts. We are not big boys. What we are thinking about the fundies is like "If a tree falls in a forest and no one is around to hear it, does it make a sound?"

Without thinking about fundies, I am doing great by only studying the chart all day. I just made nxx pips yesterday without watching TV news, reading newspaper or knowing anything about fundies.

One of the turtle traders once said, "I don't watch CNBC or any news because I don't care.". He managed millions and billions funds and trades with great results. I am not the only guy thinking this way.
daddybearforex. com
  • #8,085
  • Edited 10:47pm Aug 28, 2012 10:29pm | Edited 10:47pm
Quoting pqt
And that's how u might miss the forest for the trees.

Remember, the big boys move the market and THAT draws the charts. The small fry follows.
I have never considered myself a small fry and I don't follow big boys. I try to know what they are going to do before they do it.
daddybearforex. com
  • #8,086
  • Aug 28, 2012 10:31pm Aug 28, 2012 10:31pm
Quoting DaddyBear
Let me make it clear about my view. Say I am very concerned about a war and thinking about it all the time. Does my thinking make any differences to that war?

I am not against people discussing fundies. That is their freedom of speech. Remember, the big boys move the market and THAT draws the charts. We are not big boys. What we are thinking about the fundies is like "If a tree falls in a forest and no one is around to hear it, does it make a sound?"

Without thinking about fundies, I am doing great by only studying the chart...


To and your your question, "If a tree falls in a forest and no one is around to hear it, does it make a sound?"

The answer is yes! Because sound is caused by conduction in an atmosphere. Just like Sound is amplified in water which is another atmosphere. Just like speakers or a drum making sound waves in an atmosphere. Now if the tree was in a vacum there would be no sound even if you were there looking at it fall, unless of course you had your ear next to the object that the tree hit and felt the vibrations. After all sound is a vibration. I love it when people ask that question about the tree falling with out knowing physics. Or maybe they don't know physics so they really want to know.
Luck has no place in trading. Leave that for the poker table.
  • #8,087
  • Aug 28, 2012 10:35pm Aug 28, 2012 10:35pm
Quoting Pair-me-up
To and your your question, "If a tree falls in a forest and no one is around to hear it, does it make a sound?"

The answer is yes! Because sound is caused by conduction in an atmosphere. Just like Sound is amplified in water which is another atmosphere. Just like speakers or a drum making sound waves in an atmosphere. Now if the tree was in a vacum there would be no sound even if you were there looking at it fall, unless of course you had your ear next to the object that the tree hit and felt the vibrations. After all sound is a vibration. I...
Sometimes it's better to be wrong,to learn..
  • #8,088
  • Aug 28, 2012 10:51pm Aug 28, 2012 10:51pm
Quoting Pair-me-up
To and your your question, "If a tree falls in a forest and no one is around to hear it, does it make a sound?"

The answer is yes! Because sound is caused by conduction in an atmosphere. Just like Sound is amplified in water which is another atmosphere. Just like speakers or a drum making sound waves in an atmosphere. Now if the tree was in a vacum there would be no sound even if you were there looking at it fall, unless of course you had your ear next to the object that the tree hit and felt the vibrations. After all sound is a vibration. I...
I studied physics and acoustics in the college.

"If a tree falls in a forest and no one is around to hear it, does it make a sound?" is a philosophical thought experiment (http://en.wikipedia.org/wiki/Thought_experiment) that raises questions regarding observation (http://en.wikipedia.org/wiki/Observation) and knowledge of reality (http://en.wikipedia.org/wiki/Reality). -Wikipedia

This is a philosophical issue not a physics question.
daddybearforex. com
  • #8,089
  • Aug 28, 2012 10:52pm Aug 28, 2012 10:52pm
Quoting KiNgEdwarD


http://www.forexfactory.com/attachme...1&d=1345934963
daddybearforex. com
  • #8,090
  • Aug 28, 2012 10:56pm Aug 28, 2012 10:56pm
Quoting DaddyBear


http://www.forexfactory.com/attachme...1&d=1345934963
hi.how are you?
Sometimes it's better to be wrong,to learn..
  • #8,091
  • Edited 11:14pm Aug 28, 2012 11:01pm | Edited 11:14pm
Quoting DaddyBear
I studied physics and acoustics in the college.

"If a tree falls in a forest and no one is around to hear it, does it make a sound?" is a philosophical thought experiment (http://en.wikipedia.org/wiki/Thought_experiment) that raises questions regarding observation (http://en.wikipedia.org/wiki/Observation) and knowledge of reality (http://en.wikipedia.org/wiki/Reality). -Wikipedia

This is a philosophical issue not a physics question.

I agree.. It raises thought to those that don't know the answer. If they don't know then they will be guilible. The question is basically trying to get someone who doesn't know the answer, to doubht how they would think.
Since you studied physics.. Why is it freezing in space. What are the true definitions of hot and cold? :nerd:
Luck has no place in trading. Leave that for the poker table.
  • #8,092
  • Aug 28, 2012 11:08pm Aug 28, 2012 11:08pm
The EA is starting to look interesting, we have divergence forming on the indicators I have shown on the chart.

We have over a 500 pip move without PA testing the lower Bollinger Band, which is now at the same level as the lower trend line channel which this pair seems to be following.

I will look for another push up or attack based on a known Bearish candle pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud h4 29 08 12.jpg Size: 213 KB
Some people say I'm lucky, but the more I practice the luckier I get
  • #8,093
  • Aug 28, 2012 11:33pm Aug 28, 2012 11:33pm
Quoting KiNgEdwarD
hi.how are you?
?
Attached Image
daddybearforex. com
  • #8,094
  • Aug 28, 2012 11:35pm Aug 28, 2012 11:35pm
Quoting Pair-me-up
I agree.. It raises thought to those that don't know the answer. If they don't know then they will be guilible. The question is basically trying to get someone who doesn't know the answer, to doubht how they would think.
Since you studied physics.. Why is it freezing in space. What are the true definitions of hot and cold? :nerd:
Physics was not my major. I studied statics.
daddybearforex. com
  • #8,095
  • Aug 28, 2012 11:41pm Aug 28, 2012 11:41pm
Chart showing possible Fib levels that might act as TP areas for any correction we might get.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud h4 fib level 29 08 12.jpg Size: 160 KB
Some people say I'm lucky, but the more I practice the luckier I get
  • #8,096
  • Aug 29, 2012 12:03am Aug 29, 2012 12:03am
Quoting DaddyBear
Physics was not my major. I studied statics.

Alright... you are off the hook. LOL... So, is it going to be a bull day or a bear day. Looks like a fight right at the daily pivot point.
Luck has no place in trading. Leave that for the poker table.
  • #8,097
  • Aug 29, 2012 12:05am Aug 29, 2012 12:05am
Targets for today (in green boxes)

Attached Image


Attached Image
  • #8,098
  • Aug 29, 2012 12:22am Aug 29, 2012 12:22am
Quoting irfandbl
Targets for today (in green boxes)

Attachment

Attachment
maybe the low of today already in place (?)
  • #8,099
  • Aug 29, 2012 12:28am Aug 29, 2012 12:28am
Quoting tunera
maybe the low of today already in place (?)
could be
  • #8,100
  • Aug 29, 2012 12:35am Aug 29, 2012 12:35am
Quoting DaddyBear
?
you do not need to know
Sometimes it's better to be wrong,to learn..
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