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Aussie Trading Room and Cartoons Gallery

  • #18,021
  • Dec 5, 2012 3:58am Dec 5, 2012 3:58am
Quoting bonus76
What did just happen
i have not taken a dump yet..
look at euro.. free fall.
  • #18,022
  • Dec 5, 2012 4:08am Dec 5, 2012 4:08am
Quoting HelloOz
i have not taken a dump yet..
look at euro.. free fall.
Spanish bond auction started good then not so much.
It works till it doesn't
  • #18,023
  • Dec 5, 2012 4:26am Dec 5, 2012 4:26am
Quoting DaEdge
Spanish bond auction started good then not so much.
Whats up with aud doesnt wanna go under 1.0390
  • #18,024
  • Dec 5, 2012 6:37am Dec 5, 2012 6:37am
Quoting Tim_isoara
DB What is plan for today?
Wait and see.
daddybearforex. com
  • #18,025
  • Dec 5, 2012 7:03am Dec 5, 2012 7:03am
Quoting DaddyBear
My view about the selection of indicators is the fewer the better. I use custom designed indicators only.
I agree, simple is better, most retail traders don't have the screen scan they need to have and loose interest to pick points in the charts for 0 pip risk trades. I like to get in with zero risk.
  • #18,026
  • Dec 5, 2012 7:05am Dec 5, 2012 7:05am
Quoting maximmm
I think we all know that fundamentals don't really count in forex^^
I agree with this , short term shake ups are all they are.
  • #18,027
  • Dec 5, 2012 7:12am Dec 5, 2012 7:12am
Quoting DaEdge
The majority of retailers fail because they are over leveraged & under funded, same with a lot of hedge funds. Trying to pick tops & bottoms will blow you out no matter what size you are. Hint hint MF Global. Corzine was right on his idea & trade but just to early because he was looking to hit a grand slam & prove he knew where the top was so he over leveraged himself. He could have easily made a fortune & been written about in history books for being one of the most successful traders ever, instead he decided to be a cowboy & try find the top....
But you can pick tops and Bottoms, I do it all the time with great rewards
  • #18,028
  • Dec 5, 2012 7:19am Dec 5, 2012 7:19am
Quoting DaEdge
I don't think you understand what I'm saying I don't risk 10% on an idea. This risk 1% or 2% is not real world trading. I risk a fixed $ amount that make sense with my account size & I'm comfortable losing. My stops rarely get hit & they are constantly adjusted.
Same here, this is how I trade.
  • #18,029
  • Dec 5, 2012 7:29am Dec 5, 2012 7:29am
Quoting kerrydrake
I agree, simple is better, most retail traders don't have the screen scan they need to have and loose interest to pick points in the charts for 0 pip risk trades. I like to get in with zero risk.
How do you get in with zero risk?
daddybearforex. com
  • #18,030
  • Dec 5, 2012 7:30am Dec 5, 2012 7:30am
Quoting kerrydrake
But you can pick tops and Bottoms, I do it all the time with great rewards
Are you talking about longer term trades?
daddybearforex. com
  • #18,031
  • Dec 5, 2012 7:36am Dec 5, 2012 7:36am
Quoting kerrydrake
But you can pick tops and Bottoms, I do it all the time with great rewards
For a longer tern trade, even the entry is 100 pips off the top it is still close to the top. But, for day trading, it could be a big problem.

It depends on what TF one is trading. The longer the TF is the easier to pick the top. IMO, day trading is much tougher than longer term trading.
daddybearforex. com
  • #18,032
  • Dec 5, 2012 7:42am Dec 5, 2012 7:42am
Quoting m1dnightshad
Let's clear this up here. By gossip I was referring to people writing what "they think is going to happen" after the RBA news yesterday without any good analysis or charts.
I know.
  • #18,033
  • Dec 5, 2012 7:57am Dec 5, 2012 7:57am
Quoting DaddyBear
Are you talking about longer term trades?
5m turns , 15m turns and the 4h I can work the best.
  • #18,034
  • Dec 5, 2012 7:59am Dec 5, 2012 7:59am
Quoting kerrydrake
5m turns , 15m turns and the 4h I can work the best.
What system do you use?
daddybearforex. com
  • #18,035
  • Dec 5, 2012 8:02am Dec 5, 2012 8:02am
Quoting DaddyBear
How do you get in with zero risk?
depending what tf I am looking to see a trade setup, I wait for the turn, the first pull back and enter there. I also confirm this with the the next 2 lower time frames before I enter, they each will have pulled back to their bottoms or tops and they all continue the same direction together = zero risk. oscillators it what helps me here. I picked the eur top last night.
  • #18,036
  • Dec 5, 2012 8:04am Dec 5, 2012 8:04am
Quoting kerrydrake
depending what tf I am looking to see a trade setup, I wait for the turn, the first pull back and enter there. I also confirm this with the the next 2 lower time frames before I enter, they each will have pulled back to their bottoms or tops and they all continue the same direction together = zero risk. oscillators it what helps me here. I picked the eur top last night.
Could you post your next AUDUSD H4 entry right before or right after you enter the trade?
daddybearforex. com
  • #18,037
  • Dec 5, 2012 8:09am Dec 5, 2012 8:09am
Quoting DaddyBear
Could you post your next H4 entry right before or right after you enter the trade?
Also, please define your top and bottom. Are they at the very extreme points or at certain distances?
daddybearforex. com
  • #18,038
  • Dec 5, 2012 8:11am Dec 5, 2012 8:11am
Quoting Tim_isoara
Why?
You are a man of few words.
  • #18,039
  • Dec 5, 2012 8:11am Dec 5, 2012 8:11am
rather than wait for aud to drop, I have decided to wait for nzd to drop^^

Though, ideally, I should have been waiting for euro to drop yesterday - hmmm
  • #18,040
  • Dec 5, 2012 8:12am Dec 5, 2012 8:12am
Quoting maximmm
rather than wait for aud to drop, I have decided to wait for nzd to drop^^
What is the difference? Seems to me NZD is your favorite pair.
daddybearforex. com
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