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Aussie Trading Room and Cartoons Gallery

  • #11,181
  • Oct 21, 2012 4:40pm Oct 21, 2012 4:40pm
Quoting desolar
yea, really been a while. I've been in & out
Have you traded the Aussie recently?
daddybearforex. com
  • #11,182
  • Oct 21, 2012 4:48pm Oct 21, 2012 4:48pm
Quoting DaddyBear
I believe the second bottom is not set yet. It may go lower than 1.03125. IMO
http://www.forexfactory.com/attachme...1&d=1350843695

The H1 chart ADX indicates a divergence is forming. This could be a prelude of a bounce off from this level or lower. IMO
daddybearforex. com
  • #11,183
  • Oct 21, 2012 4:54pm Oct 21, 2012 4:54pm
This is what happens since the open. Both the Bear and the Bull agree on one issue - deadlocked.

http://www.forexfactory.com/attachme...1&d=1345030616
daddybearforex. com
  • #11,184
  • Oct 21, 2012 4:58pm Oct 21, 2012 4:58pm
Quoting DaddyBear
Have you traded the Aussie recently?
nah. was with eurusd and cable. Buh still last week was horrible for me. I lost my confidence and made a mess of my account. Just pray i do better this week. I must surely succeed!
  • #11,185
  • Oct 21, 2012 5:01pm Oct 21, 2012 5:01pm
Quoting desolar
nah. was with eurusd and cable. Buh still last week was horrible for me. I lost my confidence and made a mess of my account. Just pray i do better this week. I must surely succeed!
Try to focus on one pair. You will have better chance to succeed. I only trade the Aussie.
daddybearforex. com
  • #11,186
  • Oct 21, 2012 5:06pm Oct 21, 2012 5:06pm
Quoting DaddyBear
Try to focus on one pair. You will have better chance to succeed. I only trade the Aussie.
woow, i will and must try that this week. am goina chose btw aussie and eurusd, simply focus on that one. i've been watching 3 pairs yet losing it !
  • #11,187
  • Oct 21, 2012 5:12pm Oct 21, 2012 5:12pm
Quoting desolar
woow, i will and must try that this week. am goina chose btw aussie and eurusd, simply focus on that one. i've been watching 3 pairs yet losing it !
The more pairs to watch the more chance you may lose your focus. When you lose your focus, the end result is losing the money.

Chasing multiple pairs is like living with nomadic people. Understanding a pair in depth will build up confidence in trading. This is the way to go IMO.
daddybearforex. com
  • #11,188
  • Oct 21, 2012 5:14pm Oct 21, 2012 5:14pm
ichimoku has been 1 indicator i've really dug into and i believe its a good indi, I've come to realise a lot of explanations to its signals from 15mins TF to the 4hr. buh most times during the mkt in progress itself, i just panic. i took a couple of trades of its signals and exited once the mkt was a couple of pips against me without been stopped out, only to see the mkt doing what i wanted.
  • #11,189
  • Oct 21, 2012 5:16pm Oct 21, 2012 5:16pm
Quoting DaddyBear
http://www.forexfactory.com/attachme...1&d=1350843695

The H1 chart ADX indicates a divergence is forming. This could be a prelude of a bounce off from this level or lower. IMO
When looking at the chart, the pre-Sundy open PA must be taken into the considerations. So the low is not 1.03125 but 1.0304.
daddybearforex. com
  • #11,190
  • Oct 21, 2012 5:17pm Oct 21, 2012 5:17pm
I find it best to focus mainly on the Dollar, itself.
Play the players, not the cards.
  • #11,191
  • Oct 21, 2012 5:17pm Oct 21, 2012 5:17pm
Quoting DaddyBear
The more pairs to watch the more chance you may lose your focus. When you lose your focus, the end result is losing the money.

Chasing multiple pairs is like living with nomadic people. Understanding a pair in depth will build up confidence in trading. This is the way to go IMO.
I appreciate your elderly advice. Thanks alot. currently i've done alot of harm to myself that i gotta learn from it. I will smile and even laugh soon
  • #11,192
  • Oct 21, 2012 5:19pm Oct 21, 2012 5:19pm
Quoting DaddyBear
When looking at the chart, the pre-Sundy open PA must be taken into the considerations. So the low is not 1.03125 but 1.0304.
This will avoid getting in at a wrong spot. The best way may be following 5%'s message below. This is a must read opinion.

Quoting 5percent
I use simple approach to trading that is to keep neutral at all times, and open up to 2 possibilities at all times. Especially on aud/usd, it respect support/resistance and ABCD quite well.

I usually pick a trade when it's outside of a tight box zone of support/resistance which made it range bound. Being range bound, price usually have a tight consolidation, sometime it looks bullish after a breakout phase, sometime it look like a reversal, so i am least likely to pick a trade while price is trapped in a consolidation box.

It's important...
daddybearforex. com
  • #11,193
  • Oct 21, 2012 5:22pm Oct 21, 2012 5:22pm
Quoting desolar
I appreciate your elderly advice. Thanks alot. currently i've done alot of harm to myself that i gotta learn from it. I will smile and even laugh soon
Choosing one pair is just the beginning. Don't expect an overnight success. There is no instant food menu in the Forex restaurant.
daddybearforex. com
  • #11,194
  • Oct 21, 2012 5:26pm Oct 21, 2012 5:26pm
Quoting DaddyBear
Choosing one pair is just the beginning. Don't expect an overnight success. There is no instant food menu in the Forex restaurant.
thats so true. am just encouraging myself, since you guys can..... + others, then, I, too am no different.
  • #11,195
  • Oct 21, 2012 5:27pm Oct 21, 2012 5:27pm
Quoting DaddyBear
Choosing one pair is just the beginning. Don't expect an overnight success. There is no instant food menu in the Forex restaurant.
It's always a temptation to trade more pairs because some people posted a message that one pair is flying to the Moon. By the time you move over, the game is over.

Every dog has its day. Just keep one dag and trade better.
daddybearforex. com
  • #11,196
  • Oct 21, 2012 5:29pm Oct 21, 2012 5:29pm
Quoting DaddyBear
It's always a temptation to trade more pairs because some people posted a message that one pair is flying to the Moon. By the time you move over, the game is over.

Every dog has its day. Just keep one dag and trade better.
In conclusion, LESS IS MORE! Let money chase you not the other way around.
daddybearforex. com
  • #11,197
  • Edited 5:42pm Oct 21, 2012 5:31pm | Edited 5:42pm
Now back to the trading. I would take 1.0304 as FIB 0.00%. If it holds then you know what I am going to do.
daddybearforex. com
  • #11,198
  • Oct 21, 2012 5:33pm Oct 21, 2012 5:33pm
Quoting DaddyBear
Now back to the trading. I would take 1.0304 as FIB 0.00%. If it holds then you know what I am going to do.
In case you don't know, then you should not trade the Forex market.
daddybearforex. com
  • #11,199
  • Oct 21, 2012 5:36pm Oct 21, 2012 5:36pm
Quoting DaddyBear
In case you don't know, then you should not trade the Forex market.

Should I go into the futures market, then?
Play the players, not the cards.
  • #11,200
  • Oct 21, 2012 5:36pm Oct 21, 2012 5:36pm
Quoting DaddyBear
In conclusion, LESS IS MORE! Let money chase you not the other way around.
I agree with you. and am just goina focus on one, i promise. As for trading, am not good at market openings. so, imma just go to bed till london opening. Its 11:35 pm here in Nigeria. What time is it in your place? and goodnyt frm Nig.
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