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Aussie Trading Room and Cartoons Gallery

  • #23,501
  • Jan 14, 2013 6:04am Jan 14, 2013 6:04am
Quoting USD-Bear
Hi alien,
well my experience differ, often build a position piling trades on top of trades as long as you have a clear idea in what range to act and where to bail
Most traders do not have that clear idea tho.....I understand what you are saying after a few years under my belt.....Thanks....
The More You Learn, The More You Earn.....
  • #23,502
  • Jan 14, 2013 6:08am Jan 14, 2013 6:08am
thats great unless you know its the top...Like i said i got into it to early but its not going any further..If it dose im ....wrong,,,
Quoting forexalien
Never pile trade on top of trade unless it is going your direction. The compounding affect as you see will tear you up. The only saving grace here is it is $240 and not $2,400 or $24,000....
  • #23,503
  • Jan 14, 2013 6:18am Jan 14, 2013 6:18am
Quoting dsmith2269
thats great unless you know its the top...Like i said i got into it to early but its not going any further..If it dose im ....wrong,,,
If you knew the top, you would not be so concerned with the trade then.....no emotions..
The More You Learn, The More You Earn.....
  • #23,504
  • Jan 14, 2013 6:45am Jan 14, 2013 6:45am
Aussie got about 90+ pips south to do before hitting my target... Nice wait though... I will go do something more important...
  • #23,505
  • Edited 7:57am Jan 14, 2013 7:25am | Edited 7:57am
Quoting forexalien
Most traders do not have that clear idea tho.....I understand what you are saying after a few years under my belt.....Thanks....
The best time to trade is before the wave 3 of every pattern in any TF.

If one can refrain himself from trading except wave 3, he would avoid over-trading, which could be the main reason of money losses.
Attached Image
daddybearforex. com
  • #23,506
  • Jan 14, 2013 7:35am Jan 14, 2013 7:35am
Quoting DaddyBear
The best time to trade is before the wave 3 of every pattern in any TF.
Agree, But the Aussie has not be giving very good wave counts on higher TF's lately......
The More You Learn, The More You Earn.....
  • #23,507
  • Jan 14, 2013 7:37am Jan 14, 2013 7:37am
Quoting forexalien
Agree, But the Aussie has not be giving very good wave counts on higher TF's lately......
More like Chicken Pox, Mumps or Measles.......
The More You Learn, The More You Earn.....
  • #23,508
  • Jan 14, 2013 7:40am Jan 14, 2013 7:40am
Unless the Aud gets past the 1.0575 area in style, I will be shorting it around there when confirmed.......
The More You Learn, The More You Earn.....
  • #23,509
  • Jan 14, 2013 7:41am Jan 14, 2013 7:41am
ok guys what have I missed while I was asleep ?where is the audusd headed do you think
  • #23,510
  • Jan 14, 2013 7:52am Jan 14, 2013 7:52am
Quoting arcticwolf
ok guys what have I missed while I was asleep ?where is the audusd headed do you think
It depends on the TF.
daddybearforex. com
  • #23,511
  • Jan 14, 2013 7:53am Jan 14, 2013 7:53am
Quoting forexalien
Unless the Aud gets past the 1.0575 area in style, I will be shorting it around there when confirmed.......
No confirmation so far?
daddybearforex. com
  • #23,512
  • Jan 14, 2013 7:55am Jan 14, 2013 7:55am
over the next 5-6hrs so it just seems to be wandering around, waiting to get out of my buys to short it
  • #23,513
  • Jan 14, 2013 7:56am Jan 14, 2013 7:56am
have I got the timing right that BB speaks at 7am aust time
  • #23,514
  • Jan 14, 2013 7:59am Jan 14, 2013 7:59am
Quoting arcticwolf
have I got the timing right that BB speaks at 7am aust time
can you post your message again?
daddybearforex. com
  • #23,515
  • Jan 14, 2013 8:00am Jan 14, 2013 8:00am
Quoting arcticwolf
ok guys what have I missed while I was asleep ?where is the audusd headed do you think
It hits 1.0521 lowers point for today. I'm still bullish
Bulls or Bears
  • #23,516
  • Jan 14, 2013 8:03am Jan 14, 2013 8:03am
I was just trying to find out when Ben Bernanke was making his speech I have it down as 7am aust time/4pm new york time ?
  • #23,517
  • Jan 14, 2013 8:04am Jan 14, 2013 8:04am
Quoting DaddyBear
No confirmation so far?
no..
The More You Learn, The More You Earn.....
  • #23,518
  • Jan 14, 2013 8:07am Jan 14, 2013 8:07am
Quoting arcticwolf
have I got the timing right that BB speaks at 7am aust time
I think its 8am Sydney time.
Bulls or Bears
  • #23,519
  • Jan 14, 2013 8:07am Jan 14, 2013 8:07am
Quoting DaddyBear
No confirmation so far?
H1 should cycle back up, topping the H4 and both coming down after some ranging up there......
The More You Learn, The More You Earn.....
  • #23,520
  • Jan 14, 2013 8:09am Jan 14, 2013 8:09am
Quoting arcticwolf
I was just trying to find out when Ben Bernanke was making his speech I have it down as 7am aust time/4pm new york time ?
Yes.
daddybearforex. com
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