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Aussie Trading Room and Cartoons Gallery

  • #12,681
  • Nov 11, 2012 12:45pm Nov 11, 2012 12:45pm
Quoting DaddyBear
I understand you are trading on medium term. If you knew it is going up why wouldn't you unload your shorts first. I believe retuning to cash position is a priority. Unless you have unlimited fund to tap into, keeping your buying power high may be a better way than any MM.
I have unloaded two thirds of my shorts.
  • #12,682
  • Edited 1:10pm Nov 11, 2012 12:49pm | Edited 1:10pm
At a school on a high plateau, the Bears are studying everything related to the Bulls including DNA, ADX, China and so on........
Attached Image (click to enlarge)
Click to Enlarge Name: BEAR TALK-2.JPG Size: 114 KB
daddybearforex. com
  • #12,683
  • Nov 11, 2012 12:50pm Nov 11, 2012 12:50pm
Quoting maximmm
I have unloaded two thirds of my shorts.
Why not 100%?
daddybearforex. com
  • #12,684
  • Nov 11, 2012 12:55pm Nov 11, 2012 12:55pm
Quoting DaddyBear
This proves the Law of the Market prevails in any junctures.
Whenever I look at forex fundamental analysis sites - they always find a reason for every technical move. The fact is, you can always find bad news and/or good news to explain any/every move made. This is why I view fundamental analysts as narrators rather than anything else.

Furthermore, interpretation of news events can equally be distorted to explain every move made in the market.

For example - USA has had a positive news release - the eurusd moves down - analysts say that this occurred because usd is stronger than euro due to fundamentals. If the same news event causes euro to move up, analysts narrate it as a risk on move. Forex followers that listen to this noise are often confused, since very little of this narration makes sense - or can be useful for trading purposes, since noise is all it is.

Likewise - Chinese data vs. European budget talk failure - aud can go up or down and I wouldn't be surprised with either move^^
  • #12,685
  • Nov 11, 2012 1:04pm Nov 11, 2012 1:04pm
Quoting DaddyBear
Why not 100%?
Because then I would be tempted to go long. This prevents me from making that mistake (given that we can't hedge). Though - if the price action is right, I might be tempted to buy aud while holding nzd short.

Btw - nzd doesn't have clear trend lines - aud is much better in that sense. As much as I hate to say it, my current nzd short is based on the candle pattern as well as the fundamentals.
  • #12,686
  • Nov 11, 2012 1:13pm Nov 11, 2012 1:13pm
Quoting maximmm
Whenever I look at forex fundamental analysis sites - they always find a reason for every technical move. The fact is, you can always find bad news and/or good news to explain any/every move made. This is why I view fundamental analysts as narrators rather than anything else.

Furthermore, interpretation of news events can equally be distorted to explain every move made in the market.

For example - USA has had a positive news release - the eurusd moves down - analysts say that this occurred because usd is stronger than euro due to fundamentals....
Good point. This is the reason I'd say fundamentals don't move the market. The Law of the Market does. The market paths have been preset.
daddybearforex. com
  • #12,687
  • Nov 11, 2012 1:15pm Nov 11, 2012 1:15pm
Quoting maximmm
Because then I would be tempted to go long. This prevents me from making that mistake (given that we can't hedge). Though - if the price action is right, I might be tempted to buy aud while holding nzd short.

Btw - nzd doesn't have clear trend lines - aud is much better in that sense. As much as I hate to say it, my current nzd short is based on the candle pattern as well as the fundamentals.
This confuses me. You are not in the US and not restricted by the US Laws, why can't you hedge your positions?
daddybearforex. com
  • #12,688
  • Nov 11, 2012 1:20pm Nov 11, 2012 1:20pm
Current Rate: 1.03990
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  • #12,689
  • Nov 11, 2012 1:21pm Nov 11, 2012 1:21pm
Quoting DaddyBear
This confuses me. You are not in the US and not restricted by the US Laws, why can't you hedge your positions?
Canada goes by the same rules, I think.
  • #12,690
  • Nov 11, 2012 1:21pm Nov 11, 2012 1:21pm
Quoting DaddyBear
At a school on a high plateau, the Bears are studying everything related to the Bulls including DNA, ADX, China and so on........
DB,

Love your cartoons. For this one you may consider mountains of Tibet in background and zen master bear floating cross legged.

Keep up the great work,

Respectfully,
fxsitr
  • #12,691
  • Nov 11, 2012 1:26pm Nov 11, 2012 1:26pm
Tonight's Aussie news come out early at 7:30 PM. The "Time" component will be working with News/Events.
daddybearforex. com
  • #12,692
  • Nov 11, 2012 1:27pm Nov 11, 2012 1:27pm
Quoting maximmm
Canada goes by the same rules, I think.
Is Canada a territory of the US? You people don't have your own laws?
daddybearforex. com
  • #12,693
  • Nov 11, 2012 1:31pm Nov 11, 2012 1:31pm
Quoting fxstir
DB,

Love your cartoons. For this one you may consider mountains of Tibet in background and zen master bear floating cross legged.

Keep up the great work,

Respectfully,
fxsitr
Thanks for your input. I am not sure if there are bears living in the Tibet plateau. If there are some, they may be too tame to be fighting in the Forex markets. IMO
daddybearforex. com
  • #12,694
  • Nov 11, 2012 1:34pm Nov 11, 2012 1:34pm
Quoting DaddyBear
Is Canada a territory of the US? You people don't have your own laws?
I disgust Frank-Dodd Act so much. There are many good brokers in the UK but they are out of our reach. Now Obama will keep this restriction intact.
daddybearforex. com
  • #12,695
  • Nov 11, 2012 1:36pm Nov 11, 2012 1:36pm
Quoting DaddyBear
I disgust Frank-Dodd Act so much. There are many good brokers in the UK but they are out of our reach. Now Obama will keep this restriction intact.
I'm not sure if I would hedge even if I could - for me it's not an issue.
  • #12,696
  • Nov 11, 2012 1:41pm Nov 11, 2012 1:41pm
We are like the early birds sitting in the theater waiting for the show to begin.
Attached Image
daddybearforex. com
  • #12,697
  • Nov 11, 2012 3:41pm Nov 11, 2012 3:41pm
The Aussie gaped up. 969/999 now.
daddybearforex. com
  • #12,698
  • Nov 11, 2012 3:41pm Nov 11, 2012 3:41pm
Quoting DaddyBear
I disgust Frank-Dodd Act so much. There are many good brokers in the UK but they are out of our reach. Now Obama will keep this restriction intact.
I am disgusted too. Barney Frank and Chris Dodd are part of the group that helped push the US into financial peril. Their history shows clearly that they are immoral and unethical. Why are US traders being restricted in the world wide Forex market? Land of the free?

fxstir
  • #12,699
  • Nov 11, 2012 3:46pm Nov 11, 2012 3:46pm
Quoting fxstir
I am disgusted too. Barney Frank and Chris Dodd are part of the group that helped push the US into financial peril. Their history shows clearly that they are immoral and unethical. Why are US traders being restricted in the world wide Forex market? Land of the free?

fxstir
I see this nation has been transformed to a Commi society since 2009. Why should the US citizens be restricted to use the US Forex brokers only?
daddybearforex. com
  • #12,700
  • Nov 11, 2012 3:48pm Nov 11, 2012 3:48pm
Quoting DaddyBear
The Aussie gaped up. 969/999 now.
Based on current PA, this cartoon's scenario may be the way to look into ......

http://www.forexfactory.com/attachme...1&d=1352603061
daddybearforex. com
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