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Aussie Trading Room and Cartoons Gallery

  • #11,201
  • Oct 21, 2012 5:38pm Oct 21, 2012 5:38pm
Quoting DaddyBear
In case you don't know, then you should not trade the Forex market.
It is not easy to pick the bottom. So try not to pick the bottom. Making less money is better than loosing money. Again, LESS IS MORE.
daddybearforex. com
  • #11,202
  • Oct 21, 2012 5:39pm Oct 21, 2012 5:39pm
Quoting desolar
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.
It's 6:38 PM EST.
daddybearforex. com
  • #11,203
  • Oct 21, 2012 5:42pm Oct 21, 2012 5:42pm
Quoting GnarlyPips
Should I go into the futures market, then?
GP, futures market is not an easy game IMO. I prefer to trade the Aussie. I am getting in sync with her moves.
daddybearforex. com
  • #11,204
  • Oct 21, 2012 5:51pm Oct 21, 2012 5:51pm
A temptation is calling me to short the Aussie. Doing so is like this Bull chasing one penny at the edge of a pier.

http://www.forexfactory.com/attachme...1&d=1344383605
daddybearforex. com
  • #11,205
  • Oct 21, 2012 5:53pm Oct 21, 2012 5:53pm
Quoting DaddyBear
GP, futures market is not an easy game IMO. I prefer to trade the Aussie. I am getting in sync with her moves.
I've been demo trading futures lately. I find it's easier to spot movements in the forex pair if you look at both currencies separately. To each his own!
Play the players, not the cards.
  • #11,206
  • Oct 21, 2012 5:56pm Oct 21, 2012 5:56pm
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!
You will, you will! Just keep at it, use smaller lot sizes and above all preserve capital.... written by someone who knows this well!
  • #11,207
  • Oct 21, 2012 7:24pm Oct 21, 2012 7:24pm
Quoting GnarlyPips
I've been demo trading futures lately. I find it's easier to spot movements in the forex pair if you look at both currencies separately. To each his own!
Demo trading is not exactly the same as live account trading. Good luck to you anyway.
daddybearforex. com
  • #11,208
  • Oct 21, 2012 7:24pm Oct 21, 2012 7:24pm
Quoting Greenstar
You will, you will! Just keep at it, use smaller lot sizes and above all preserve capital.... written by someone who knows this well!
Greenstar, welcome back. DB
daddybearforex. com
  • #11,209
  • Oct 21, 2012 7:48pm Oct 21, 2012 7:48pm
Quoting GnarlyPips
I've been demo trading futures lately. I find it's easier to spot movements in the forex pair if you look at both currencies separately. To each his own!
Some may be confused by looking at different pairs, but at the same time, looking at different pairs may provide one with a clearer picture. For example, when looking at gbpusd and eurusd - I also look at gbpjpy and eurjpy - you can get valid signals from these - not to mention eurgbp
  • #11,210
  • Oct 21, 2012 7:49pm Oct 21, 2012 7:49pm
Quoting DaddyBear
A temptation is calling me to short the Aussie. Doing so is like this Bull chasing one penny at the edge of a pier.

http://www.forexfactory.com/attachme...1&d=1344383605
Nothing wrong with shorting Aud - structural shorting, mind you. I do think it will fall next month in a major way.
  • #11,211
  • Oct 21, 2012 8:13pm Oct 21, 2012 8:13pm
Quoting maximmm
Nothing wrong with shorting Aud - structural shorting, mind you. I do think it will fall next month in a major way.
I was not talking about long-term trading but just trying to figure out if it was worth of shorting the Aussie at this level.
daddybearforex. com
  • #11,212
  • Oct 21, 2012 8:15pm Oct 21, 2012 8:15pm
Quoting DaddyBear
I was not talking about long-term trading but just trying to figure out if it was worth of shorting the Aussie at this level.
Like you said, it's hard to pick tops -
  • #11,213
  • Oct 21, 2012 8:20pm Oct 21, 2012 8:20pm
cnt see momentum for upside on au but will waiting till wednesday to short it
  • #11,214
  • Oct 21, 2012 8:24pm Oct 21, 2012 8:24pm
Quoting bonus76
cnt see momentum for upside on au but will waiting till wednesday to short it
It depends on your goal. Seems to me you are looking for a few hundred pips each trade.
daddybearforex. com
  • #11,215
  • Edited 8:48pm Oct 21, 2012 8:29pm | Edited 8:48pm
Quoting DaddyBear
It depends on your goal. Seems to me you are looking for a few hundred pips each trade.
I am looking for premium trades

Glen svans- govt confirms projected surplus of 1b - 4 b lower in 12/13. That should be long on au i think and 3% growth of gdp. Tax revenue down. debt is 10-20% of gdp
  • #11,216
  • Oct 21, 2012 8:31pm Oct 21, 2012 8:31pm
Quoting bonus76
I am looking for premium trades
What is a premium trade?
daddybearforex. com
  • #11,217
  • Oct 21, 2012 8:35pm Oct 21, 2012 8:35pm
Quoting DaddyBear
What is a premium trade?
I would rather have a few decent trades instead of a premium trade.
daddybearforex. com
  • #11,218
  • Oct 21, 2012 8:36pm Oct 21, 2012 8:36pm
they cut surplus by .5b
how can this be bullish?

Quoting bonus76
I am looking for premium trades

Glen svans- govt confirms projected surplus of 1b. That should be long on au i think
  • #11,219
  • Oct 21, 2012 8:38pm Oct 21, 2012 8:38pm
Quoting HelloOz
they cut surplus by .5b
how can this be bullish?
i am just editing while he is talking. He is still talking and u know politicians first they highlight positive news than the bad ones
  • #11,220
  • Oct 21, 2012 9:06pm Oct 21, 2012 9:06pm
CNBC-
"China Economy in Feeble Fourth Quarter Recovery, RRR Cut Eyed"
Is this bullish?
daddybearforex. com
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