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Aussie Trading Room and Cartoons Gallery

  • #11,781
  • Oct 28, 2012 4:16pm Oct 28, 2012 4:16pm
my take
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In trading, you have to be defensive and aggressive at the same time
  • #11,782
  • Oct 28, 2012 4:31pm Oct 28, 2012 4:31pm
Quoting navk
I do not agree with this statement fully.

The entries made in every time frame has its own potential.

See my previous post.

The daily is bearish, but 4 hr and below is bullish.

Had I entered according to 15 min TF my entry would be 1.0335 and exit would be in between 1.0360/80. 25 to 45 pips !!

How about this ?
Did you enter that trade? Even you had entered that trade, the exit might not be the way you thought. After the dust settled, everything became crystal clear. I don't look into the scenario of "had I ....." anymore.

I consider the higher TF the trend of the lower TF. Riding the trend makes more sense to me.
daddybearforex. com
  • #11,783
  • Oct 28, 2012 4:33pm Oct 28, 2012 4:33pm
Quoting maximmm
Today we may see a weekend gap down. At least judging from current price movements.
It was gaping down even not much.
daddybearforex. com
  • #11,784
  • Oct 28, 2012 4:35pm Oct 28, 2012 4:35pm
Quoting Davit
my take
I know your take but which side do you take? It's more important to know which way you are heading to.
daddybearforex. com
  • #11,785
  • Oct 28, 2012 4:43pm Oct 28, 2012 4:43pm
Quoting navk
I have customized system, It says :

1) weekly is weak bullish.
2) Daily is weak bearish.
3) 4hr and below is bullish.

The resistance is 1.0410.

If that area breaks need to review again.
I use customized system designed by myself. What I see now:

Daily is bearish. A plunge may be in the cards.
H4 is slightly bullish.
H1 is slightly bearish.
M15 is slightly bearish.
daddybearforex. com
  • #11,786
  • Oct 28, 2012 4:53pm Oct 28, 2012 4:53pm
Quoting DaddyBear
I know your take but which side do you take? It's more important to know which way you are heading to.
Good question I was waiting sharp minds to notice the ambiguity in my chart.
We just need to wait until market shows signs which way it wants to go.
I identified key zones both up and down.I suspect PA goes high 40 then retrace to 36 and lower however having said this traders should not predict the future but ride the PRICE.Any preconceived bias could become costly mistake.
In trading, you have to be defensive and aggressive at the same time
  • #11,787
  • Oct 28, 2012 4:56pm Oct 28, 2012 4:56pm
Quoting Davit
Good question I was waiting sharp minds to notice the ambiguity in my chart.
We just need to wait until market shows signs which way it wants to go.
I identified key zones both up and down.I suspect PA goes high 40 then retrace to 36 and lower however having said this traders should not predict the future but ride the PRICE.Any preconceived bias could become costly mistake.
Thanks Davit. Hope you enter the right direction later. Are you still painting nude women? Any new masterpieces to share with everyone here?
daddybearforex. com
  • #11,788
  • Oct 28, 2012 5:01pm Oct 28, 2012 5:01pm
Quoting DaddyBear
Thanks Davit. Hope you entered the right direction later. Are you still painting nude women? Any new masterpiece to share with everyone here?
Hi bro. Yes I have done many beautiful lino cuts prints. I may scan one to show.
I had a great week mostly shorting the AU.Looking to see good spots for possible shorts.
Not much news until Thurs Nov1st farm employment numbers.I think market will trend down prior to that since speculation is job numbers look positive.
In trading, you have to be defensive and aggressive at the same time
  • #11,789
  • Oct 28, 2012 5:02pm Oct 28, 2012 5:02pm
Quoting DaddyBear
Thanks Davit. Hope you enter the right direction later. Are you still painting nude women? Any new masterpieces to share with everyone here?
If the nude model is your wife then just ignore my request.
daddybearforex. com
  • #11,790
  • Oct 28, 2012 5:04pm Oct 28, 2012 5:04pm
Quoting Davit
Hi bro. Yes I have done many beautiful lino cuts prints. I may scan one to show.
I had a great week mostly shorting the AU.Looking to see good spots for possible shorts.
Not much news until Thurs Nov1st farm employment numbers.I think market will trend down prior to that since speculation is job numbers look positive.
Nice input. Do you think Storm Sandy may cause any problems? I remember you are in the NYC area, aren't you?
daddybearforex. com
  • #11,791
  • Oct 28, 2012 5:08pm Oct 28, 2012 5:08pm
Quoting DaddyBear
Did you enter that trade? Even you had entered that trade, the exit might not be the way you thought. After the dust settled, everything became crystal clear. I don't look into the scenario of "had I ....." anymore.

I consider the higher TF the trend of the lower TF. Riding the trend makes more sense to me.
However, higher TF's moves are lagging behind that of the lower TF. The onset of a trend change must be initiated in a lower TF like M5 or M15.
daddybearforex. com
  • #11,792
  • Oct 28, 2012 5:14pm Oct 28, 2012 5:14pm
Quoting DaddyBear
Nice input. Do you think Storm Sandy may cause any problems? I remember you are in the NYC area, aren't you?
Model is not my wife.Here is one example.I live in Boston.I got my basement flooded recently and lost my brand new furnace.I am prepared now with pumps but if power goes off I am fked.
I hope power stays on.Emergency is declared in MA.
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In trading, you have to be defensive and aggressive at the same time
  • #11,793
  • Oct 28, 2012 5:15pm Oct 28, 2012 5:15pm
Quoting DaddyBear
Nice input. Do you think Storm Sandy may cause any problems? I remember you are in the NYC area, aren't you?
Seems to me the markets are going to be disrupted Monday. NYC is under the high alert.

When there is no news and the Aussie is going down, this means something to me. Is this related to the storm?
daddybearforex. com
  • #11,794
  • Oct 28, 2012 5:16pm Oct 28, 2012 5:16pm
Quoting Davit
Model is not my wife.Here is one example.I live in Boston.I got my basement flooded recently and lost my brand new furnace.I am prepared now with pumps but if power goes off I am fked.
I hope power stays on.Emergency is declared in MA.
This is so nice. Both your painting and this nude woman.
daddybearforex. com
  • #11,795
  • Oct 28, 2012 5:18pm Oct 28, 2012 5:18pm
can you draw nude bear and bull?


Quoting DaddyBear
This is so nice. Both your painting and this nude woman.
  • #11,796
  • Oct 28, 2012 5:19pm Oct 28, 2012 5:19pm
Quoting DaddyBear
This is so nice. Both your painting and this nude woman.
Is this oil painting or water color?

http://www.forexfactory.com/attachme...1&d=1351462383
daddybearforex. com
  • #11,797
  • Oct 28, 2012 5:20pm Oct 28, 2012 5:20pm
Quoting DaddyBear
I use customized system designed by myself. What I see now:

Daily is bearish. A plunge may be in the cards.
H4 is slightly bullish.
H1 is slightly bearish.
M15 is slightly bearish.
I do not trade higher time frames.

But if you see those in your system, stick on with it.
Intraday only.
  • #11,798
  • Oct 28, 2012 5:21pm Oct 28, 2012 5:21pm
Quoting HelloOz
can you draw nude bear and bull?
Most of the time, they appear completely nude in our thread. They are all male. Better not to show everything. Nobody would appreciate it.
daddybearforex. com
  • #11,799
  • Oct 28, 2012 5:24pm Oct 28, 2012 5:24pm
Quoting DaddyBear
I use customized system designed by myself. What I see now:

Daily is bearish. A plunge may be in the cards.
H4 is slightly bullish.
H1 is slightly bearish.
M15 is slightly bearish.
Update of what I see on my system.

Daily is bearish.
H4 is neutral.
H1 is getting more bearish.
M15 is bearish.
daddybearforex. com
  • #11,800
  • Oct 28, 2012 5:25pm Oct 28, 2012 5:25pm
Quoting DaddyBear
Seems to me the markets are going to be disrupted Monday. NYC is under the high alert.

When there is no news and the Aussie is going down, this means something to me. Is this related to the storm?
nope normal pa, but my thoughts and prayers go out to all facing this horrible storm
If you are new to Forex? Say Goodbye to your account!!
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