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  • #25,441
  • Jan 22, 2013 7:36pm Jan 22, 2013 7:36pm
Quoting HelloOz
i dont recall you ever welcome me
Because you are a koala bear not a human.
daddybearforex. com
  • #25,442
  • Jan 22, 2013 7:37pm Jan 22, 2013 7:37pm
From the subjective point of view...i want it down so badly...also from my D1 tf when the last time she touch 1.06 in september 2012, aud instanly crumbles to as low as 1.01 in less than 2 weeks.

But experience told me when i started to tried forex on mid 2011, when all the forums said its overbought, all the analysis showed that parity itself was a surprise and there's no more room to go up, and i slowly but sure building up my short, but she was just non-stopping and make a new record every day till i decided to cut my loss. Unfortunately, as always happen in this bussiness, when we are making a big rescue descision, that is where she put the salt on our wound.

All the fundamentals have different impacts in aud, sometimes good number on certain indicator make her go up, but in the other time its completely the opposite. But i think January is usually positive for aud.
  • #25,443
  • Jan 22, 2013 7:39pm Jan 22, 2013 7:39pm
Quoting DaddyBear
Because you are a koala bear not a human.
i thought this forum is for bears, created by daddy for all bears ???
  • #25,444
  • Jan 22, 2013 7:39pm Jan 22, 2013 7:39pm
Quoting xivh
Hello DaddyBear, well personally I would have probably set my TP at 100 pips from my entrypoint, thatīs what I did last year when I shorted EUR-USD after the rate cut, I remember when that happened I took my 100 pips and it went down further about 200 or 300 pips, until it hit 1.20, so I felt more like I lost, Iīm trying to cut my losses short and let my profits ride, I think that should be every traderīs rule weather you trade technicals or fundamentals.
Your thinking is good. My question was how you came up with 1.0390. There must be some reasons behind your decision. You did not guess it, did you?
daddybearforex. com
  • #25,445
  • Jan 22, 2013 7:40pm Jan 22, 2013 7:40pm
Quoting azzam
From the subjective point of view...i want it down so badly...also from my D1 tf when the last time she touch 1.06 in september 2012, aud instanly crumbles to as low as 1.01 in less than 2 weeks.

But experience told me when i started to tried forex on mid 2011, when all the forums said its overbought, all the analysis showed that parity itself was a surprise and there's no more room to go up, and i slowly but sure building up my short, but she was just non-stopping and make a new record every day till i decided to cut my loss. Unfortunately, as...
when you expect the market to go your way, means you are not following the market
  • #25,446
  • Jan 22, 2013 7:42pm Jan 22, 2013 7:42pm
I hear ya. My point was don't exit too soon if you see more downside. On the other hand, don't be greedy. Get a balance point you can live with.

Quoting azzam
From the subjective point of view...i want it down so badly...also from my D1 tf when the last time she touch 1.06 in september 2012, aud instanly crumbles to as low as 1.01 in less than 2 weeks.

But experience told me when i started to tried forex on mid 2011, when all the forums said its overbought, all the analysis showed that parity itself was a surprise and there's no more room to go up, and i slowly but sure building up my short, but she was just non-stopping and make a new record every day till i decided to cut my loss. Unfortunately, as...
daddybearforex. com
  • #25,447
  • Jan 22, 2013 7:42pm Jan 22, 2013 7:42pm
Quoting HelloOz
i thought this forum is for bears, created by daddy for all bears ???
Yes, for big bears but koala is not a bear. Sorry!
daddybearforex. com
  • #25,448
  • Jan 22, 2013 7:44pm Jan 22, 2013 7:44pm
Quoting DaddyBear
Yes, for big bears but koala is not a bear. Sorry!
you hurt my feelings DB.. yes koala has feelings too..

http://www.youtube.com/watch?v=D3j_fdSpkmE
  • #25,449
  • Jan 22, 2013 7:44pm Jan 22, 2013 7:44pm
Quoting HelloOz
when you expect the market to go your way, means you are not following the market
This is the first time I heard koala talking with some wisdom.
daddybearforex. com
  • #25,450
  • Jan 22, 2013 7:45pm Jan 22, 2013 7:45pm
Quoting DaddyBear
Your thinking is good. My question was how you come up with 1.0390. There must be some reasons behind your decision. You did not guess it, did you?
Well, Iīm not much of a believer in technical analysis anymore, but on January 4, AUD-USD hit support at 1.04 and it was below that the week before newyears, i think we can go back to that price, and like I said, I want to let my profits ride as much as I can, on the other hand, I picked my SL because it seems to me like there is a resistance at 1.06, I believe in a mix of price action and fundamentals.
  • #25,451
  • Jan 22, 2013 7:46pm Jan 22, 2013 7:46pm
That must go for wolves too
Quoting DaddyBear
Because you are a koala bear not a human.
  • #25,452
  • Jan 22, 2013 7:47pm Jan 22, 2013 7:47pm
Quoting DaddyBear
This is the first time I heard koala talking with some wisdom.
i love leaf
  • #25,453
  • Jan 22, 2013 7:47pm Jan 22, 2013 7:47pm
Quoting HelloOz
you hurt my feelings DB.. yes koala has feelings too..

http://www.youtube.com/watch?v=D3j_fdSpkmE
I know you are busy with female koalas to reproduce more baby koalas. I hope my messages did not hurt your reproduction ability.
daddybearforex. com
  • #25,454
  • Jan 22, 2013 7:47pm Jan 22, 2013 7:47pm
Quoting HelloOz
i love leaf
Remember, one leave at a time.
daddybearforex. com
  • #25,455
  • Jan 22, 2013 7:48pm Jan 22, 2013 7:48pm
Hey he got you there
Quoting DaddyBear
Yes, for big bears but koala is not a bear. Sorry!
  • #25,456
  • Jan 22, 2013 7:52pm Jan 22, 2013 7:52pm
Nice drop !
shorts drop
  • #25,457
  • Jan 22, 2013 7:55pm Jan 22, 2013 7:55pm
Quoting DaddyBear
NWSTrading, I believe I did not get a chance to welcome you. Nice to have you in this forum. -DB-
Thanks! I prefer trading the AUD to most other vehicles. Respects fibs well which is what my system is based on.

Trying a scalp at 0520 if we get there. TP 550, S 0495.
  • #25,458
  • Jan 22, 2013 7:55pm Jan 22, 2013 7:55pm
Quoting HelloOz
Nice drop !
shorts drop
H4
http://fx2.it-finance.com/FXStreetFl...5e3d0a9034.png


M15
http://fx2.it-finance.com/FXStreetFl...6499d1f8e1.png
  • #25,459
  • Jan 22, 2013 7:56pm Jan 22, 2013 7:56pm
Quoting HelloOz
Nice drop !
shorts drop
Be hold of your shorts!
daddybearforex. com
  • #25,460
  • Jan 22, 2013 7:57pm Jan 22, 2013 7:57pm
Quoting NWSTrading
Thanks! I prefer trading the AUD to most other vehicles. Respects fibs well which is what my system is based on.

Trying a scalp at 0520 if we get there. TP 550, S 0495.
As mentioned to Davit earlier, 520 is a congestion area.
daddybearforex. com
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