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Aussie Trading Room and Cartoons Gallery

  • #19,241
  • Dec 10, 2012 3:54pm Dec 10, 2012 3:54pm
Quoting HelloOz
that was my target for my shorts..
Hmmm my target is 106.30
  • #19,242
  • Dec 10, 2012 3:56pm Dec 10, 2012 3:56pm
Quoting DaddyBear
Captain DB was welcomed aboard USS Star Gate ...... in the quest of Destination C......
Power to Aliens.
  • #19,243
  • Dec 10, 2012 3:58pm Dec 10, 2012 3:58pm
Quoting Tim_isoara
Hmmm my target is 106.30
1.0630 ??
from 1.046 up to 1.0630 ?
  • #19,244
  • Dec 10, 2012 4:01pm Dec 10, 2012 4:01pm
Quoting HelloOz
1.0630 ??
from 1.046 up to 1.0630 ?
I dont have position on aud now. I am short Eur/Jpy
  • #19,245
  • Dec 10, 2012 4:04pm Dec 10, 2012 4:04pm
Quoting DaddyBear
Captain DB was welcomed aboard USS Star Gate ...... in the quest of Destination C......
DB put a video of your favorite song.
  • #19,246
  • Dec 10, 2012 4:11pm Dec 10, 2012 4:11pm
Quoting Tim_isoara
DB put a video of your favorite song.
I have no video.
daddybearforex. com
  • #19,247
  • Dec 10, 2012 4:11pm Dec 10, 2012 4:11pm
currently reading 'evidence-based technical analysis'
  • #19,248
  • Dec 10, 2012 4:12pm Dec 10, 2012 4:12pm
Quoting maximmm
currently reading 'evidence-based technical analysis'
What is that?
daddybearforex. com
  • #19,249
  • Dec 10, 2012 4:14pm Dec 10, 2012 4:14pm
Quoting DaddyBear
What is that?
a book

Seems to imply that subjective - or pattern based technical analysis is wrong
  • #19,250
  • Dec 10, 2012 4:15pm Dec 10, 2012 4:15pm
Quoting maximmm
a book

Seems to imply that subjective - or pattern based technical analysis is wrong
they said its wrong because they dont want you to get rich.
lol
  • #19,251
  • Edited 4:31pm Dec 10, 2012 4:18pm | Edited 4:31pm
Quoting HelloOz
they said its wrong because they dont want you to get rich.
lol
They say it's wrong because chart analysts see patterns even in random data charts - and could not discern between market chart and random data chart - because human brain is built to find and apply patterns

I have yet to get to the evidence based technical analysis system - so far simply reading the 'classical TA is bull' bit

Err... historical analogy - or hindsight bias is also said to be wrong -- err... I hope the proposed system is legit.
  • #19,252
  • Dec 10, 2012 4:51pm Dec 10, 2012 4:51pm
The daily has formed a Doji. Because of its location, I'd think it's not critical.
daddybearforex. com
  • #19,253
  • Dec 10, 2012 5:01pm Dec 10, 2012 5:01pm
This is the daily chart as of 12/10/12. Because the red cloud became a single line only, a big move after this retracement is highly probable. IMO
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-121012-D.JPG Size: 76 KB
daddybearforex. com
  • #19,254
  • Edited 5:15pm Dec 10, 2012 5:03pm | Edited 5:15pm
Quoting DaddyBear
This is the daily chart as of 12/10/12. Because the red cloud became a single line only, a big move after this retracement is highly probable. IMO
Also, the green cloud encroaches into the red cloud's territory. This is an extreme bullish signal in the daily context not hourly.
daddybearforex. com
  • #19,255
  • Dec 10, 2012 5:12pm Dec 10, 2012 5:12pm
Quoting DaddyBear
This is the daily chart as of 12/10/12. Because the red cloud became a single line only, a big move after this retracement is highly probable. IMO
The yellow indicator X in my system II is a reliable real time signal at the turns of the market sub-trends. In fact, it forms Elliot Waves perfectly.
daddybearforex. com
  • #19,256
  • Dec 10, 2012 5:29pm Dec 10, 2012 5:29pm
WE are all going To Trade

Quoting maximmm
currently reading 'evidence-based technical analysis'
Quoting DaddyBear
What is that?
Quoting maximmm
a book
Seems to imply that subjective - or pattern based technical analysis is wrong
Quoting HelloOz
they said its wrong because they dont want you to get rich.
lol
Quoting maximmm
They say it's wrong because chart analysts see patterns even in random data charts - and could not discern between market chart and random data chart - because human brain is built to find and apply patterns





Quoting DaddyBear
The daily has formed a Doji. Because of its location, I'd think it's not critical.
Quoting DaddyBear
This is the daily chart as of 12/10/12. Because the red cloud became a single line only, a big move after this retracement is highly probable. IMO
Quoting DaddyBear
Also, the green cloud encroaches into the red cloud's territory. This is an extreme bullish signal in the daily context not hourly.
Quoting DaddyBear
The yellow indicator X in my system II is a reliable real time signal at the turns of the market sub-trends. In fact, it forms Elliot Waves perfectly.
  • #19,257
  • Dec 10, 2012 5:30pm Dec 10, 2012 5:30pm
So Lets trade long or short anyone?
  • #19,258
  • Dec 10, 2012 5:32pm Dec 10, 2012 5:32pm
Quoting Kissa
So Lets trade long or short anyone?
Trade the direction you feel comfortable with.
daddybearforex. com
  • #19,259
  • Dec 10, 2012 5:34pm Dec 10, 2012 5:34pm
Quoting DaddyBear
Trade the direction you feel comfortable with.
Il hedge it
  • #19,260
  • Dec 10, 2012 5:35pm Dec 10, 2012 5:35pm
Quoting Kissa
Il hedge it
MY MM and hedging will bring in the buck
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