Aussie Trading Room and Cartoons Gallery | Page 1053 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Cartoons and Pics 2,832 replies

EUR/USD Trading Room 328 replies

Do The Trading Room 20 replies

Attachments: Aussie Trading Room and Cartoons Gallery
Exit Attachments

Aussie Trading Room and Cartoons Gallery

  • #21,041
  • Dec 19, 2012 12:49pm Dec 19, 2012 12:49pm
This message [8/5/12] may explain why sometimes I have used cartoons in lieu of the written form messages.

Quoting DaddyBear
My cartoons may be puzzles to some people but are clear to some. The fact is that the market's future moves are puzzles to everyone. During this weekend, I tried to move my cartoons to another level in order to decipher such puzzles in graphic forms. You see a picture is worth a thousand words. Instead of writing a lot, I prefer to deliver my messages in a simple and funny way. The point is relaxation is the key to success. I posted a message of Kobe beef before in our forum. If relaxation can produce the best quality beef in ranches, why can't it produce top traders in a forum? IMHO
daddybearforex. com
  • #21,042
  • Dec 19, 2012 1:57pm Dec 19, 2012 1:57pm
Quoting DaddyBear
Having said relaxation is the key to success, I'd like to say that unless one can break the tight rope of the old school teachings, he cannot reach the goal he is longing for in the Forex trading.

Old school teachings are fine if one can settle himself as an ordinary trader. I still cannot get rid of some of those old teachings. For example, last week, I spotted a "triangle" and thought I was great. I ended up seeing my SL only a few pips away from the high.

When relying on old school teachings so much, one cannot see further and beyond the...
Well said DB. It is difficult to break free of old beliefs even when they have cost you dearly. Old dogs... or perhaps old bears?

Regards,
fxstir
  • #21,043
  • Dec 19, 2012 2:21pm Dec 19, 2012 2:21pm
Quoting fxstir
Well said DB. It is difficult to break free of old beliefs even when they have cost you dearly. Old dogs... or perhaps old bears?

Regards,
fxstir
You see, if old school teaching works then why so many people have lost their money in the Forex markets?
daddybearforex. com
  • #21,044
  • Dec 19, 2012 2:28pm Dec 19, 2012 2:28pm
Quoting DaddyBear
You see, if old school teaching works then why so many people have lost their money in the Forex markets?
Probably because most focus to much on there strategy & trying to perfect it so they will have the holy grail. What most don't realize is the holy grail is sound money management & patience.
It works till it doesn't
  • #21,045
  • Dec 19, 2012 2:39pm Dec 19, 2012 2:39pm
Quoting DaddyBear
You see, if old school teaching works then why so many people have lost their money in the Forex markets?
Right too soon
  • #21,046
  • Dec 19, 2012 2:40pm Dec 19, 2012 2:40pm
Quoting DaEdge
Probably because most focus to much on there strategy & trying to perfect it so they will have the holy grail. What most don't realize is the holy grail is sound money management & patience.
Your holy grail is sound management & patience. To me they are only the disciplines in trading. My holy grail is something I can see but others cannot.
daddybearforex. com
  • #21,047
  • Dec 19, 2012 2:44pm Dec 19, 2012 2:44pm
Quoting HelloOz
Right too soon
In order not to be right too soon, one has to know what he is waiting for.
daddybearforex. com
  • #21,048
  • Dec 19, 2012 3:00pm Dec 19, 2012 3:00pm
She is moving up imo
Target 54
What do u think db?
  • #21,049
  • Dec 19, 2012 3:07pm Dec 19, 2012 3:07pm
Quoting DaddyBear
You see, if old school teaching works then why so many people have lost their money in the Forex markets?
Well, first because they learn to do everything wrong and second, because humans are indoctrinated, taught to believe that they have to be right, and because they are stubborn has hell, they keep doing what they were originally taught. Once they understand its ok to be wrong, its ok to change (that's a big one) only then can they begin to see things differently. I speak from experience.

Happy Trades,
fxstir
  • #21,050
  • Dec 19, 2012 3:10pm Dec 19, 2012 3:10pm
Sometimes I think a child would have a better chance being successful trading forex.

By the way, how old is alien again?

  • #21,051
  • Dec 19, 2012 3:13pm Dec 19, 2012 3:13pm
Quoting DaddyBear
Your holy grail is sound management & patience. To me they are only the disciplines in trading. My holy grail is something I can see but others cannot.
And it helps to have your own custom ichimoku indicator that I can't seem to duplicate on mt4.
  • #21,052
  • Dec 19, 2012 3:14pm Dec 19, 2012 3:14pm
Quoting fxstir
Sometimes I think a child would have a better chance being successful trading forex.

By the way, how old is alien again?

Alien could be at its early 1,000s.
daddybearforex. com
  • #21,053
  • Dec 19, 2012 3:18pm Dec 19, 2012 3:18pm
Quoting HelloOz
She is moving up imo
Target 54
What do u think db?
It is difficult to read the charts now. Seems to me, you can take this into considerations.

http://image.shutterstock.com/displa...-103934321.jpg
daddybearforex. com
  • #21,054
  • Dec 19, 2012 3:29pm Dec 19, 2012 3:29pm
Quoting DaddyBear
Your holy grail is sound management & patience. To me they are only the disciplines in trading. My holy grail is something I can see but others cannot.
...
Attached Image (click to enlarge)
Click to Enlarge Name: Holy Grail Formula.jpg Size: 90 KB
  • #21,055
  • Dec 19, 2012 3:32pm Dec 19, 2012 3:32pm
Quoting DaddyBear
Alien could be at its early 1,000s.
Still a youngster
  • #21,056
  • Dec 19, 2012 3:35pm Dec 19, 2012 3:35pm
Quoting 2+2=4ex
...
Yes, and Patience is a beatch!

By the way, sometime ago you mentioned something about the Volker rule and forex. I must have missed that. Would you elaborate?

Thank you,
fxstir
  • #21,057
  • Edited 4:00pm Dec 19, 2012 3:47pm | Edited 4:00pm
Quoting fxstir
Yes, and Patience is a beatch!

By the way, sometime ago you mentioned something about the Volker rule and forex. I must have missed that. Would you elaborate?

Thank you,
fxstir
Yes, it was in response to an article posted on this website regarding the minimum reserve brokers must have according to NFA Regulations. The article alleged that's what caused GFT to stop servicing U.S. traders.

Anyway, on the Volcker Rule, nothing has been enforced yet, but in July/2014 (pushed back 2 years from original July/2012 date) the rule is supposed to be enforced. There are several concerns regarding the effect it will have on forex trading in the USA. Some think it could spell the end of forex trading for all U.S. traders. Some think nothing will change. I don't know what will happen if it is enforced to the letter, but I am preparing for the worst just in case. Another possibility (which I think is going to eventually happen, Volcker Rule or not) is the reduction in leverage. Currently the max allowed is 50:1. I believe it will soon be 20:1. Maybe 10:1. Maybe none (i.e. 1:1).

Get ready.
  • #21,058
  • Dec 19, 2012 4:04pm Dec 19, 2012 4:04pm
Quoting 2+2=4ex
Yes, it was in response to an article posted on this website regarding the minimum reserve brokers must have according to NFA Regulations. The article alleged that's what caused GFT to stop servicing U.S. traders.

Anyway, on the Volcker Rule, nothing has been enforced yet, but in July/2014 (pushed back 2 years from original July/2012 date) the rule is supposed to be enforced. There are several concerns regarding the effect it will have on forex trading in the USA. Some think it could spell the end of forex trading for all U.S. traders....
Thank you. One thing is certain - the future is not. Well, if its got a chart I will trade it. I just don't know what that will be.

I just closed the rest of my shorts. Great trading day. Haven't totaled up the booty yet. When the yen ladies are down, short eu, gu and au, as they usually follow. It has worked well for me in the past too. I'm flat and I'm outa here. Have a great day!

Regards,
fxstir
  • #21,059
  • Dec 19, 2012 4:06pm Dec 19, 2012 4:06pm
Quoting DaEdge
Probably because most focus to much on there strategy & trying to perfect it so they will have the holy grail. What most don't realize is the holy grail is sound money management & patience.
Could not agree more.......
The More You Learn, The More You Earn.....
  • #21,060
  • Dec 19, 2012 4:18pm Dec 19, 2012 4:18pm
Quoting DaddyBear
Your holy grail is sound management & patience. To me they are only the disciplines in trading. My holy grail is something I can see but others cannot.
I total agree with this also. Until you can see the difference in your entries with low risk and your exits faster when you are right too early, you will not feel the Holy Grail. The Holy Grail is not a thing or a system, it is a Feeling of Zen and be the Water.......
The More You Learn, The More You Earn.....
6 traders viewing now