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Aussie Trading Room and Cartoons Gallery

  • #21,101
  • Dec 19, 2012 8:42pm Dec 19, 2012 8:42pm
Quoting GnarlyPips
If I'm looking for a bat pattern, using (x) as 1.039 and (a) as 1.0586, then (c) would be 1.057 which makes (d) would be from 1.045. Though, the .886 retrace of (x) to (a) for (d) is 1.0417.

http://www.trade-forex-harmonic-patterns.com/harmonic-bat-pattern.html


This shit is so confusing at this point I'm going to stop thinking about these patterns.
i am confused too..
have not master this yet..
  • #21,102
  • Dec 19, 2012 9:08pm Dec 19, 2012 9:08pm
Quoting forexalien
Alien is experiencing his first snow.......
Ah, from the midwest I see. Heart of the country. Pretty cool. I'm at the tip of the country's ---- (south Florida).
  • #21,103
  • Dec 19, 2012 9:23pm Dec 19, 2012 9:23pm
Quoting forexalien
I can see that , but it looks like it has further bull run to go by the ADX.....It would be 6 to 8 weeks for that drop to take place.....
It will likely take time, aye. I suspect the drop in that pair will coincide with the audusd drop.
  • #21,104
  • Dec 19, 2012 9:26pm Dec 19, 2012 9:26pm
Quoting HelloOz
what about audusd ???
It appears that the biggest target for aud stands at 1.04 (or 1.0415). If aud breaches that level, it will likely head lower to 1.015.

Not sure about bullish targets... I am ultrabear!^^
  • #21,105
  • Dec 19, 2012 9:26pm Dec 19, 2012 9:26pm
Quoting GnarlyPips
With the mention of gun bans in the face of the Sandy Hook tragedy, one should look at gun sales. If one does, one would see that gun sales are actually extremely high. May be the highest in history. (Not soley because of Sandy Hook.) The mention of gun ban from the government sparks up fear in the populous. They buy up guns because they fear they will no longer be able to.

There's a new bill being introduced in the Senate to see the effects "violent" video games have on kids, which would lead to a bill to ban such games. This wouldn't actually...
Yea, Call of Duty sales are insane. So many people play online every day (routinely) it's like an addiction. There was a report on tv once that said some people can't stop playing video games. They even showed people who had been fired from their jobs for not showing up for work because they were playing. F@*#ing crazy, right?! I used to play back when COD 3 was the most recent version. Your mind would totally get into the game once you start playing. It's almost like you we warped into another person. I remember after I finished (usually 2-3 hours after I started) it would take a little while (like half an hour or so) to completely acclimate back into reality. I can just imagine these young people (many of whom are teenagers) who play for hours on end how distorted their perception of reality must become. And yea, the gaming companies have lots of money to spend I'm lobbying I'm sure. And they all have an agenda.

Quoting GnarlyPips
The fiscal cliff, when the media keeps saying those words over and over and over again, I just see how they are getting paid to say those words. The American government will not allow this country to falter. To do so would mean the end of the world as we know it. (Not doomsday, just a drastic change in life.) If America falls, China, Euro, Inda, and Russia would fall. So would OPEC, I believe. I wouldn't be surprised if these countries already have trade plans for the futures because they know there's no such thing as a "fiscal cliff"."

Then,...
There's an old saying... buy when everyone is selling and sell when everyone's buying. You bring up a good point which is: it's not how many people are buying and selling that drives price. It's who's doing the buying and selling.
  • #21,106
  • Dec 19, 2012 9:34pm Dec 19, 2012 9:34pm
Quoting HelloOz
Sydney is set for a day of topsy-turvy weather.


The city is expected to swelter through its hottest day in more than a year, with the mercury forecast to hit 35 degrees by lunch-time, while parts of the west will climb even higher to 39 degrees.


But a gusty cool change is expected to sweep over the metropolitan area soon afterwards, sending the temperature plummeting by up to 15 degrees in the space of an hour and bringing the possibility of thunderstorms late in the day
Hey speaking of Australia, today on national radio here in the USA, sports radio host Colin Cowherd interviewed an Australian woman by the name Ramona Bruland. I have no idea if she's famous down there, but she just became the ESPN host for X Games. He kept saying how attractive she was on the air. I googled her name and he was absolutely correct...

http://images.smh.com.au/2012/07/19/...AW-620x349.jpg
  • #21,107
  • Dec 19, 2012 9:36pm Dec 19, 2012 9:36pm
thats my gf

Quoting 2+2=4ex
Hey speaking of Australia, today on national radio here in the USA, sports radio host Colin Cowherd interviewed an Australian woman by the name Ramona Bruland. I have no idea if she's famous down there, but she just became the ESPN host for X Games. He kept saying how attractive she was on the air. I googled her name and he was absolutely correct...

http://images.smh.com.au/2012/07/19/...AW-620x349.jpg
  • #21,108
  • Dec 19, 2012 9:37pm Dec 19, 2012 9:37pm
Quoting HelloOz
thats my gf
They you are very lucky!
  • #21,109
  • Dec 19, 2012 9:38pm Dec 19, 2012 9:38pm
Quoting Nate04
Alien, you live in the same area as I... Are you getting the thunder snow too? Wild stuff. Gonna be a mess tomorrow.
You in southern Iowa area ?
The More You Learn, The More You Earn.....
  • #21,110
  • Dec 19, 2012 9:54pm Dec 19, 2012 9:54pm
Quoting 2+2=4ex
They you are very lucky!
she is luckier to have me
  • #21,111
  • Dec 19, 2012 10:08pm Dec 19, 2012 10:08pm
Quoting GnarlyPips
If I buy, who is selling to me? While I don't agree that trading is a zero-sum game, there are always two people to a trade.
Brokers take the other side of your trade and re-sell it as PA moves.
Also the zero sum game, I have thought of that often. I don't think there is an instant buyer or seller, always on the other side of your trade...
2 Theories.......both are in here together....

PA is stable and at a number x.xx, then PA moves upward as contracts pile on (wave 1), some people are trapped short from the last downtrend still and hold on, or get out as price gets away from them. Then more contracts pile on (wave 2), during wave 2, it is all buyers and no sellers unless from the last down trend getting out, Wave 3 begins and more buyers pile on as the wave 1 buyers are now selling to the wave 3 buyers.
Wave 3 buyers get little or negative return on their purchase. It would seem the tops and bottoms of the moves would be the transfer of wealth and not during wave 2 and that is why PA stays in an area after it's move.

PA would stay dead locked if equal buyers and sellers were there. 100 sellers and 1000 buyers would move price up 900. 500 buyers and 500 sellers and price would not move. You could also have 0 sellers and 1000 buyers, and the PA would move up 1000. First in / last out would make the most money. first in and middle out would make some money. Middle in and last out would make some money. Last in and Last out would make zero money or a loss.

Sorry for the long read here.....
The More You Learn, The More You Earn.....
  • #21,112
  • Dec 19, 2012 10:08pm Dec 19, 2012 10:08pm
Quoting HelloOz
she is luckier to have me
Are you serious? How can a http://www.forexfactory.com/nfs/cust...ar297304_1.gif have her?
daddybearforex. com
  • #21,113
  • Dec 19, 2012 10:11pm Dec 19, 2012 10:11pm
Quoting DaddyBear
Are you serious? How can a http://www.forexfactory.com/nfs/cust...ar297304_1.gif have her?
im lovable..
dont be jealous daddybear..
by looking at your fotos on google images, im sure you can get 1-2 like her easy.
  • #21,114
  • Dec 19, 2012 10:17pm Dec 19, 2012 10:17pm
Quoting DaddyBear
Sorry to butt in. 1.06 has been in the cards for a while. There are still two weeks to go before the New Year.
Hey Boss Man.........What Are your thoughts of this AUD Daily Chart?
Attached Image (click to enlarge)
Click to Enlarge Name: aud daily 12_19_12.JPG Size: 139 KB
The More You Learn, The More You Earn.....
  • #21,115
  • Dec 19, 2012 10:21pm Dec 19, 2012 10:21pm
Quoting forexalien
Brokers take the other side of your trade and re-sell it as PA moves.
Also the zero sum game, I have thought of that often. I don't think there is an instant buyer or seller, always on the other side of your trade...
2 Theories.......both are in here together....

PA is stable and at a number x.xx, then PA moves upward as contracts pile on (wave 1), some people are trapped short from the last downtrend still and hold on, or get out as price gets away from them. Then more contracts pile on (wave 2), during wave 2, it is all buyers and no...
What is a trade? A trade is a transaction between two people. Someone buying from someone that is selling. Someone selling to someone that is buying. Without a seller, how can one buy? There has to be a buyer and a seller for every transaction. While I can't buy at just any ol' price, the quoted price I will always be able to buy at because of my broker. My broker facilitates a lot of transactions like this, creating a lot of inventory in which they will want to dump.

If there weren't two parties for every transaction, it would be stealing!
Play the players, not the cards.
  • #21,116
  • Dec 19, 2012 10:32pm Dec 19, 2012 10:32pm
Quoting forexalien
Hey Boss Man.........What Are your thoughts of this AUD Daily Chart?
nice harmonic pattern.
neat!
  • #21,117
  • Dec 19, 2012 10:34pm Dec 19, 2012 10:34pm
Quoting forexalien
Hey Boss Man.........What Are your thoughts of this AUD Daily Chart?
This is what I am thinking....
Attached Image (click to enlarge)
Click to Enlarge Name: INDIX-121912-D2.JPG Size: 73 KB
daddybearforex. com
  • #21,118
  • Dec 19, 2012 10:39pm Dec 19, 2012 10:39pm
Quoting GnarlyPips
What is a trade? A trade is a transaction between two people. Someone buying from someone that is selling. Someone selling to someone that is buying. Without a seller, how can one buy? There has to be a buyer and a seller for every transaction. While I can't buy at just any ol' price, the quoted price I will always be able to buy at because of my broker. My broker facilitates a lot of transactions like this, creating a lot of inventory in which they will want to dump.

If there weren't two parties for every transaction, it would be stealing!
If you keep thinking about how the transactions are processed, you would get lost from your trading. Trading is not a poker game. Let your brokers worry about the details of the transactions.
daddybearforex. com
  • #21,119
  • Dec 19, 2012 10:46pm Dec 19, 2012 10:46pm
Quoting DaddyBear
If you keep thinking about how the transactions are processed, you would get lost from your trading. Trading is not a poker game. Let your brokers worry about the details of the transactions.

Explain to me how trading and poker aren't the same, and maybe I'll give that thought some credit. Until then, I would advise you to look at the plethora of fund managers who play poker profoessionaly/use poker to employ/understand the similarities between poker and trading.
Play the players, not the cards.
  • #21,120
  • Dec 19, 2012 11:19pm Dec 19, 2012 11:19pm
Quoting GnarlyPips
Explain to me how trading and poker aren't the same, and maybe I'll give that thought some credit. Until then, I would advise you to look at the plethora of fund managers who play poker profoessionaly/use poker to employ/understand the similarities between poker and trading.
While poker is played by a group of people in a room or online at a particular time, the Forex markets are traded by millions people around the globe at any moment. There are opponents in a poker game but in the Forex markets, like alien pointed out, a trader is trading against himself. And more......
daddybearforex. com
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