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Aussie Trading Room and Cartoons Gallery

  • #13,421
  • Nov 14, 2012 7:06pm Nov 14, 2012 7:06pm
Quoting DaddyBear
When I saw the reaction in this forum after last drop, I was wondering what's going on here. I had no fear when it dropped because I wanted to buy more at lower level. It was a second chance to buildup positions. Now, I am in green again and looking forward to gain more than 100 pips tonight.
100 pips? tonight?? you sure papa or is that just a day dream?
  • #13,422
  • Nov 14, 2012 7:06pm Nov 14, 2012 7:06pm
Quoting HelloOz
hmm.. my target price will be your stop
ok, where is your stop, so I can place a target?^^
  • #13,423
  • Nov 14, 2012 7:07pm Nov 14, 2012 7:07pm
Quoting Daytrader74
I'm a vetran of the forex war
is anything special that this pair doesnt seem to follow technicals?
The Phoenix Trader....
  • #13,424
  • Nov 14, 2012 7:09pm Nov 14, 2012 7:09pm
Quoting maximmm
ok, where is your stop, so I can place a target?^^
you already called out your stop loss at 372, my target is 374
  • #13,425
  • Nov 14, 2012 7:09pm Nov 14, 2012 7:09pm
Quoting maximmm
is that 100 pips in positive or negative territory?^^
Of course GREEN!!!
Attached Image
daddybearforex. com
  • #13,426
  • Nov 14, 2012 7:12pm Nov 14, 2012 7:12pm
Quoting HelloOz
you already called out your stop loss at 372, my target is 374
You don't have stops? In which case, I suppose I won't set any targets^^
  • #13,427
  • Nov 14, 2012 7:13pm Nov 14, 2012 7:13pm
Quoting maximmm
You don't have stops?
Sorry misunderstood your post.

No..
stops are for pro, im a newbie remember?
  • #13,428
  • Nov 14, 2012 7:13pm Nov 14, 2012 7:13pm
Quoting HelloOz
No..
stops are for pro, im a newbie remember?
meaning your target is 0.00
  • #13,429
  • Nov 14, 2012 7:13pm Nov 14, 2012 7:13pm
Quoting Daytrader74
100 pips? tonight?? you sure papa or is that just a day dream?
I don't dream during daytime. If not tonight then tomorrow. Is that fine to you?
daddybearforex. com
  • #13,430
  • Nov 14, 2012 7:17pm Nov 14, 2012 7:17pm
Quoting HelloOz
Sorry misunderstood your post.

No..
stops are for pro, im a newbie remember?
I always thought that stops are for newbies - but that's a philosophical discussion for another time^^
  • #13,431
  • Nov 14, 2012 7:18pm Nov 14, 2012 7:18pm
Quoting Daytrader74
100 pips? tonight?? you sure papa or is that just a day dream?
BTW, I trade multiple standard lots. If I gain 30 pips for each lot. 100 pips is not that difficult to achieve.
daddybearforex. com
  • #13,432
  • Nov 14, 2012 7:22pm Nov 14, 2012 7:22pm
Quoting maximmm
I always thought that stops are for newbies - but that's a philosophical discussion for another time^^
Nope,
setting stop loss is not easy,

newbie put stop loss based on how much they willing to lose..
pro, on the other hand, carefully put stop loss where they think it should be.
  • #13,433
  • Nov 14, 2012 7:23pm Nov 14, 2012 7:23pm
The ultimate level of trading is no fear and no greed. When there is no fear, I trade much better. It takes time to be able to do so. I am still working on this matter.
daddybearforex. com
  • #13,434
  • Nov 14, 2012 7:24pm Nov 14, 2012 7:24pm
Quoting HelloOz
Nope,
setting stop loss is not easy,

newbie put stop loss based on how much they willing to lose..
pro, on the other hand, carefully put stop loss where they think it should be.
right - I must admit, if 1.0372 is hit within the next few hours, that would indicate a reversal - hence the stop.

At the same time, if aud closes below the trendline (it hasn't yet), that would indicate that the trendline breach is confirmed and downtrend is commencing.
  • #13,435
  • Nov 14, 2012 7:29pm Nov 14, 2012 7:29pm
Quoting maximmm
right - I must admit, if 1.0372 is hit within the next few hours, that would indicate a reversal - hence the stop.

At the same time, if aud closes below the trendline (it hasn't yet), that would indicate that the trendline breach is confirmed and downtrend is commencing.
on H4 chart?
  • #13,436
  • Nov 14, 2012 7:31pm Nov 14, 2012 7:31pm
Hoping to see 1.0410 as 1st TP target.
  • #13,437
  • Nov 14, 2012 7:32pm Nov 14, 2012 7:32pm
Quoting HelloOz
on H4 chart?
even 1 hour chart is fine

So, if aud closes at 1.0350 on the hourly chart, that would be very bearish
  • #13,438
  • Nov 14, 2012 7:33pm Nov 14, 2012 7:33pm
Quoting pabloski
Hoping to see 1.0410 as 1st TP target.
Are you long?
daddybearforex. com
  • #13,439
  • Nov 14, 2012 7:33pm Nov 14, 2012 7:33pm
Quoting maximmm
right - I must admit, if 1.0372 is hit within the next few hours, that would indicate a reversal - hence the stop.

At the same time, if aud closes below the trendline (it hasn't yet), that would indicate that the trendline breach is confirmed and downtrend is commencing.
1.0372 will be hit in an hour or less.
daddybearforex. com
  • #13,440
  • Nov 14, 2012 7:35pm Nov 14, 2012 7:35pm
Quoting DaddyBear
1.0372 will be hit in an hour or less.
I hope so, then I might go long
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