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Aussie Trading Room and Cartoons Gallery

  • #19,581
  • Dec 12, 2012 5:19am Dec 12, 2012 5:19am
Quoting KiNgEdwarD
i'm long on NZD/USD from ysterday,REDDD now
Why did you say you're finished?
daddybearforex. com
  • #19,582
  • Dec 12, 2012 5:20am Dec 12, 2012 5:20am
USS Star Gate was launched again at midnight EST.

http://www.forexfactory.com/attachme...1&d=1355176148
daddybearforex. com
  • #19,583
  • Dec 12, 2012 5:22am Dec 12, 2012 5:22am
Quoting DaddyBear
Why did you say you're finished?
because where i have set the sl,if the price goes there,i'll lose 50% of my equity
Sometimes it's better to be wrong,to learn..
  • #19,584
  • Dec 12, 2012 5:31am Dec 12, 2012 5:31am
Morning everyone....many green pips to you today
Good luck and may the odds be ever in your favor!
  • #19,585
  • Dec 12, 2012 5:32am Dec 12, 2012 5:32am
Quoting KiNgEdwarD
because where i have set the sl,if the price goes there,i'll lose 50% of my equity
How about move your SL halfway down? This will only lose 25%. Or move 3/4 down in order to lose 12.5%.
daddybearforex. com
  • #19,586
  • Dec 12, 2012 5:33am Dec 12, 2012 5:33am
Quoting dbutton1990
Morning everyone....many green pips to you today
Morning David, are you still holding your short yesterday?
daddybearforex. com
  • #19,587
  • Dec 12, 2012 5:35am Dec 12, 2012 5:35am
Quoting DaddyBear
How about move your SL halfway down? This will only lose 25%. Or move 3/4 down in order to lose 12.5%.
yes i'll do it but right before fomc statement
Sometimes it's better to be wrong,to learn..
  • #19,588
  • Dec 12, 2012 5:37am Dec 12, 2012 5:37am
Quoting KiNgEdwarD
yes i'll do it but right before fomc statement
need pullback of 25 pips on NZD/USD,to close it
Sometimes it's better to be wrong,to learn..
  • #19,589
  • Dec 12, 2012 5:37am Dec 12, 2012 5:37am
1.0550 is becoming an hourly R/S IMO.
daddybearforex. com
  • #19,590
  • Dec 12, 2012 5:39am Dec 12, 2012 5:39am
Quoting KiNgEdwarD
need pullback of 25 pips on NZD/USD,to close it
Not familiar with NU.
daddybearforex. com
  • #19,591
  • Dec 12, 2012 5:45am Dec 12, 2012 5:45am
Quoting DaddyBear
Not familiar with NU.
AU and NU almost goes in same direction(different when fundamentals get involved)
Sometimes it's better to be wrong,to learn..
  • #19,592
  • Dec 12, 2012 5:54am Dec 12, 2012 5:54am
Quoting TrendTrader
Hi,
My system shows that we will get to the recent top on AU and most likely beyond...
Just my 2 cents...

TT
Hi DB,
I know u say we got some H1 top forming...but my system shows long is continuing so i ride.
AU is in those trend days where every top looks like a bearish sign...but it just keeps rolling...

TT
  • #19,593
  • Dec 12, 2012 5:58am Dec 12, 2012 5:58am
Quoting TrendTrader
Hi DB,
I know u say we got some H1 top forming...but my system shows long is continuing so i ride.
AU is in those trend days where every top looks like a bearish sign...but it just keeps rolling...

TT
I was not saying it was the H1 top. 1.050 could be a S/R.
daddybearforex. com
  • #19,594
  • Dec 12, 2012 6:00am Dec 12, 2012 6:00am
Quoting DaddyBear
I was not saying it was the H1 top. 1.050 could be a S/R.
oh ok, sorry just miss-read...
BTW...your clouds is some indi that u have created?
  • #19,595
  • Dec 12, 2012 6:02am Dec 12, 2012 6:02am
Quoting DaddyBear
Morning David, are you still holding your short yesterday?
No, I had a tight stop along with a buy order at that stop. I was expecting a retracement of some kind, but the bulls are too strong. We will see 1.06x today IMO
Good luck and may the odds be ever in your favor!
  • #19,596
  • Dec 12, 2012 6:05am Dec 12, 2012 6:05am
Quoting KiNgEdwarD
yes i'll do it but right before fomc statement
If I were in your position king, I would be taking the loss and looking for another entry point. Wait for a bullish or bearish engulfing candle and then get in.
Good luck and may the odds be ever in your favor!
  • #19,597
  • Dec 12, 2012 6:12am Dec 12, 2012 6:12am
Quoting TrendTrader
oh ok, sorry just miss-read...
BTW...your clouds is some indi that u have created?
Yes, I use NinjaTrader platform scripts to create my system. I call those clouds DaddyBear Clouds.
daddybearforex. com
  • #19,598
  • Dec 12, 2012 6:22am Dec 12, 2012 6:22am
I expect very little movement before the fed statement today.
Good luck and may the odds be ever in your favor!
  • #19,599
  • Dec 12, 2012 6:25am Dec 12, 2012 6:25am
I've posted a chart below from a couple of days ago. This is NOT a trade I entered, but a setup that looked good to me. As you can see, it would have resulted in a loss from where my stop would have been placed... So, I'm hoping to get some information here. How could I have avoided this... First, my reasons why I would have taken the trade...

1. divergence had formed
2. the pivot at 1.04993 had been rejected
3. looks to me like this is a decent pinbar.

So guys, what am I missing here? The only thing I could think of is setting my entry a couple of pips below the low of the candle. This isn't something I normally do, but maybe its something I should be looking into??? Thanks for any help and hopefully we can all learn a lesson here...
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 32 KB
  • #19,600
  • Dec 12, 2012 6:26am Dec 12, 2012 6:26am
Quoting dbutton1990
I expect very little movement before the fed statement today.
It's hard to say. Could be a run-up before the Fed and followed by another run-up after.
daddybearforex. com
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