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Aussie Trading Room and Cartoons Gallery

  • #9,961
  • Sep 20, 2012 5:28am Sep 20, 2012 5:28am
http://www.youtube.com/watch?v=-qR0Uke2XNI

(1.0300)
  • #9,962
  • Sep 20, 2012 7:14am Sep 20, 2012 7:14am
Good morning everyone. Once again, I gotta think DB for saving me from a loss, because I would have been stopped out last night. Interesting how Uncle Ben says he is going to print money until the ink runs out and it drives the price of the dollar up... Not sure I understand that one. Perhaps someone could explain that to me??? Is it safe to assume this is a short term thing?

Anyways, hope everyone is making good pips today.
  • #9,963
  • Sep 20, 2012 8:09am Sep 20, 2012 8:09am
Quoting Nate04
Good morning everyone. Once again, I gotta think DB for saving me from a loss, because I would have been stopped out last night. Interesting how Uncle Ben says he is going to print money until the ink runs out and it drives the price of the dollar up... Not sure I understand that one. Perhaps someone could explain that to me??? Is it safe to assume this is a short term thing?

Anyways, hope everyone is making good pips today.

Im with you Nate, I dont know where the USD is getting its strength from??

I have 1.0320-1.0325 level to watch for potential longs...
  • #9,964
  • Sep 20, 2012 8:12am Sep 20, 2012 8:12am
Account is at +106.72% I'm really happy I been following my rules and not making the same mistakes I made before!
  • #9,965
  • Sep 20, 2012 8:14am Sep 20, 2012 8:14am
Quoting Daytrader74
Account is at +106.72% I'm really happy I been following my rules and not making the same mistakes I made before!
Great to hear! Keep it up!
  • #9,966
  • Sep 20, 2012 10:27am Sep 20, 2012 10:27am
A/U showing some Vol, more activity in the last 2 hours.

If price can push up Quickly from here, and show some support around 1.0415, Long there.

If price keep falling, wait till next Demand Zone around 1.0297 - 1.0319.


Attached Image (click to enlarge)
Click to Enlarge Name: 2012-09-20_AU_M15_Long.png Size: 67 KB
  • #9,967
  • Sep 20, 2012 10:45am Sep 20, 2012 10:45am
here's what i'm seeing which is going against my long trade
1.0250 area before bounce
Attached Image (click to enlarge)
Click to Enlarge Name: auview.jpg Size: 141 KB
Wooooohooooo or Boooooohooooo
  • #9,968
  • Sep 20, 2012 10:51am Sep 20, 2012 10:51am
Quoting gnomoneey
here's what i'm seeing which is going against my long trade
1.0250 area before bounce
looking at this chart i'm seeing a move of +800 pips up/down...can't get a proper picture where this pair is going...
Wooooohooooo or Boooooohooooo
  • #9,969
  • Sep 20, 2012 11:25am Sep 20, 2012 11:25am
Quoting gnomoneey
looking at this chart i'm seeing a move of +800 pips up/down...can't get a proper picture where this pair is going...
If you believe in a move of 800-pips up or down, how about putting one each way.

Since you may get 800-pips, 1-long and 1-short at limit order after a breakout.

Tight stop loss at 30-50pips.

Or bigger stop loss at 100-pips.

800-pips to 100-pips still a fantastic 8:1 if you get it.

With 50-pips SL, you may get 16:1 !!
  • #9,970
  • Sep 20, 2012 11:36am Sep 20, 2012 11:36am
Quoting foxybunny
If you believe in a move of 800-pips up or down, how about putting one each way.

Since you may get 800-pips, 1-long and 1-short at limit order after a breakout.

Tight stop loss at 30-50pips.

Or bigger stop loss at 100-pips.

800-pips to 100-pips still a fantastic 8:1 if you get it.

With 50-pips SL, you may get 16:1 !!
i dont hedge and a little scared with it...
but it's something i should learn...

this up/down move should have fluctuations of more than 100 pips in a given week, it's kind of hard trying to hedge that movement....
if you wish send me a pm or do it here and give me a plan as we are in a price point where we go either way...

thanks,
G
Wooooohooooo or Boooooohooooo
  • #9,971
  • Sep 20, 2012 11:53am Sep 20, 2012 11:53am
Quoting gnomoneey
i dont hedge and a little scared with it...
but it's something i should learn...

this up/down move should have fluctuations of more than 100 pips in a given week, it's kind of hard trying to hedge that movement....
if you wish send me a pm or do it here and give me a plan as we are in a price point where we go either way...

thanks,
G
I don't mean a hedge.

Just put like an OCO order for Long OR Short, see which one triggers first.

After the first order trigger, if it does hit the SL, then you may want to put in a new order to go the opposite way to the first order.

You have to come up with your own analysis for a price point, I am not that accurate to say a specific price point for you, nor would I know if it is going up/down by 800-pips or less or more. That is the risk you have to take.

For me, near every Demand Zone or Supply Zone, is when it can go any direction.

You may want to read the Equity Millipede.
http://www.forexfactory.com/showthread.php?t=245149
  • #9,972
  • Sep 20, 2012 12:14pm Sep 20, 2012 12:14pm
Quoting foxybunny
I don't mean a hedge.

Just put like an OCO order for Long OR Short, see which one triggers first.

After the first order trigger, if it does hit the SL, then you may want to put in a new order to go the opposite way to the first order.

You have to come up with your own analysis for a price point, I am not that accurate to say a specific price point for you, nor would I know if it is going up/down by 800-pips or less or more. That is the risk you have to take.

For me, near every Demand Zone or Supply Zone, is when it can go any direction.

You...

thanks

G
Wooooohooooo or Boooooohooooo
  • #9,973
  • Sep 20, 2012 12:26pm Sep 20, 2012 12:26pm
Quoting DaddyBear
Although I saw this TL and S/R as well but you were the one who posted it in our forum. Due to your contribution to our forum and your vision of seeing this invisible and yet very important element in the charts, I'd vouch you and give credit to you for your "discovery". -DB-
Again, thank you.

Here's another line that isn't quite so obvious. The one with the current candle bouncing off. You can see that it's previous cross turned price around.

Daily
Attached Image (click to enlarge)
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Play the players, not the cards.
  • #9,974
  • Edited 2:13pm Sep 20, 2012 1:56pm | Edited 2:13pm
The temp. top is around 1.0455 -1.0465. IMO
daddybearforex. com
  • #9,975
  • Sep 20, 2012 2:28pm Sep 20, 2012 2:28pm
Quoting DaddyBear
The temp. top is around 1.0455 -1.0465. IMO
Current run-up since last night is a bull trap. There will be more pain for bulls to suffer ahead. IMO
daddybearforex. com
  • #9,976
  • Sep 20, 2012 2:49pm Sep 20, 2012 2:49pm
Quoting DaddyBear
Current run-up since last night is a bull trap. There will be more pain for bulls to suffer ahead. IMO
I had this feeling too. Plus the mistake I made last night, I have yet to open another long position. However, I don't see anything on my charts except this 4H where there is some hidden divergence. Not sure if it is valid. But 4H does have a valid H&S and it seems to be looking for 1.03366 if we go down from here.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 20 September 2012 Update 3.png Size: 77 KB
A 1 pip gain is better than a 1 pip loss.
  • #9,977
  • Sep 20, 2012 3:11pm Sep 20, 2012 3:11pm
Quoting GnarlyPips
Again, thank you.

Here's another line that isn't quite so obvious. The one with the current candle bouncing off. You can see that it's previous cross turned price around.

Daily
GnarlyPips, I do post my charts from my brokers but not the one I paid for the data feed. I checked your two TLs but found they might not be valid anymore.

In my H4 chart, due to the convergence of 3 TLs, I indicate the probability of a ending triangle to complete this retracement. IMO
Attached Image
daddybearforex. com
  • #9,978
  • Sep 20, 2012 3:36pm Sep 20, 2012 3:36pm
Quoting aeternum
I had this feeling too. Plus the mistake I made last night, I have yet to open another long position. However, I don't see anything on my charts except this 4H where there is some hidden divergence. Not sure if it is valid. But 4H does have a valid H&S and it seems to be looking for 1.03366 if we go down from here.
aeternum, please see my chart above. 1.0343/1.0276 may be possible. IMO
daddybearforex. com
  • #9,979
  • Sep 20, 2012 4:39pm Sep 20, 2012 4:39pm
Quoting Nate04
Good morning everyone. Once again, I gotta think DB for saving me from a loss, because I would have been stopped out last night. Interesting how Uncle Ben says he is going to print money until the ink runs out and it drives the price of the dollar up... Not sure I understand that one. Perhaps someone could explain that to me??? Is it safe to assume this is a short term thing?

Anyways, hope everyone is making good pips today.
Nate04, Your thinking was correct if you were intended to keep the Aussie for a long time or the market was trending. During a time like current volatile market, I'd cash out at my earliest convenience when the time is mature to do so. So, the issue to you is to learn the market behaviors. Best wishes to you.
Attached Image (click to enlarge)
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daddybearforex. com
  • #9,980
  • Sep 20, 2012 4:50pm Sep 20, 2012 4:50pm
Quoting DaddyBear
Nate04, Your thinking was correct if you were intended to keep the Aussie for a long time or the market was trending. During a time like current volatile market, I'd cash out at my earliest convenience when the time is mature to do so. So, the issue to you is to learn the market behaviors. Best wishes to you.
MB [market behaviors] is not PA. PA is the footprint of MB. While a lot of people talk about PA, I seldom see the discussions of MB.

Why do you go to supper market to buy apples when you can pick up some at your backyard?
daddybearforex. com
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