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  • #26,081
  • Jan 28, 2013 1:43am Jan 28, 2013 1:43am
Barev Arman jan

Funny I remembered this
The Stanford marshmallow experiment[1] (http://en.wikipedia.org/wiki/Stanford_marshmallow_experiment#cite_note-Mischel1972-1) was a study on deferred gratification (http://en.wikipedia.org/wiki/Deferred_gratification) conducted in 1972 by psychologist Walter Mischel (http://en.wikipedia.org/wiki/Walter_Mischel) of Stanford University (http://en.wikipedia.org/wiki/Stanford_University). A marshmallow (http://en.wikipedia.org/wiki/Marshmallow) was offered to each child. If the child could resist eating the marshmallow, he was promised two instead of one. The scientists analyzed how long each child resisted the temptation of eating the marshmallow, and shows that waiting longer was correlated with future success.[2] (http://en.wikipedia.org/wiki/Stanford_marshmallow_experiment#cite_note-Shoda1990-2) The authors interpreted the result as showing that greater self control (as measured by ability to delay gratification) results in more life success.

So delaying to pull the trigger could potentially land you in better position of entry or exit.
In trading, you have to be defensive and aggressive at the same time
  • #26,082
  • Edited 3:49am Jan 28, 2013 3:30am | Edited 3:49am
guys can i ask a big favour from you all and give so input /direction where the aussie is heading , reason being I am in queensland australia being hammered by this storm and have limited/unrelieable internet connection to access the market. I will have withdrawl systems if I can't trade at least once a day lol
  • #26,083
  • Jan 28, 2013 4:24am Jan 28, 2013 4:24am
Quoting arcticwolf
guys can i ask a big favour from you all and give so input /direction where the aussie is heading , reason being I am in queensland australia being hammered by this storm and have limited/unrelieable internet connection to access the market. I will have withdrawl systems if I can't trade at least once a day lol
trying to break that 1.0393 level
AU M15:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0124.jpg Size: 96 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #26,084
  • Jan 28, 2013 5:18am Jan 28, 2013 5:18am
Quoting DaddyBear
I have suspected the manipulation of the Forex markets during off-peak hours for a long time.
There are a couple of real time films out showing that they do call other banks and countries to push the price a certain direction for brief periods of time.
The More You Learn, The More You Earn.....
  • #26,085
  • Jan 28, 2013 5:20am Jan 28, 2013 5:20am
Quoting DaddyBear
There is a confusion about current pattern. In the weekly, it looks like a bear flag. This is the reason why many traders believe a sharp downward move is imminent. IMO, this could be an illusion. My rationale is based on the weekly DTL break in recent weeks.

http://www.forexfactory.com/attachme...1&d=1359255364
It can also look like a wave 1 bull flag with a slow start as EWC points out.....
The More You Learn, The More You Earn.....
  • #26,086
  • Jan 28, 2013 5:25am Jan 28, 2013 5:25am
[quote=chiknthief;6397598]
Quoting chiknthief


Wave 5 is in already.
No One hangs on to a trade for 3 years... they could not stand it, drive them crazy.....
The More You Learn, The More You Earn.....
  • #26,087
  • Jan 28, 2013 6:45am Jan 28, 2013 6:45am
........

http://www.forexfactory.com/attachme...7&d=1344885975
daddybearforex. com
  • #26,088
  • Jan 28, 2013 6:50am Jan 28, 2013 6:50am
Quoting forexalien
It can also look like a wave 1 bull flag with a slow start as EWC points out.....
IMO it is the phase I of the Finale....
daddybearforex. com
  • #26,089
  • Jan 28, 2013 6:53am Jan 28, 2013 6:53am
Quoting DaddyBear
IMO it is the phase I of the Finale....
Due to the low pitch slope, it looks like a bear flag. I'd think phase II is going to have a steeper pitch.

http://www.forexfactory.com/attachme...1&d=1359255364
daddybearforex. com
  • #26,090
  • Jan 28, 2013 6:58am Jan 28, 2013 6:58am
Although the daily LTL is violated [not equivalent to a break], I'd see this a railway switch......

http://www.forexfactory.com/attachme...1&d=1343134372
daddybearforex. com
  • #26,091
  • Jan 28, 2013 7:21am Jan 28, 2013 7:21am
Quoting DaddyBear
Although the daily LTL is violated [not equivalent to a break], I'd see this a railway switch......
Right now, both M15 and H1 ADX have positive readings...
daddybearforex. com
  • #26,092
  • Jan 28, 2013 7:43am Jan 28, 2013 7:43am
I predict it will go up to 104060 bounce off then should get a rally down...
  • #26,093
  • Edited 8:00am Jan 28, 2013 7:47am | Edited 8:00am
[quote=forexalien;6398392]
Quoting chiknthief
No One hangs on to a trade for 3 years... they could not stand it, drive them crazy.....
Certain people can hold on to a trade for a few years. It is not a problem.

Example: I knew someone who held apple stocks from $10 a share until $700 a share. The trade lasted 10 years and it was 7000% of return. Retail traders tends to fight with the main trend and keep themselve busy selling and buying. In the end, they did a lot more labour work and made less profit. I agree that holding a profit is very hard and I am not good at it. This is my problem. The max I held a trade was a few months.

On another forex forum, I saw a few long term traders who can hold a position for a year or 2. Those people are true masters and I am learning from them. Many guys here, will just keep fighting for 20 pips movements on daily basis and it is an exthausted way of trading. They often look at the chart upside down and the profit could disappear before they cash out.

It is just my opinion.
  • #26,094
  • Jan 28, 2013 7:56am Jan 28, 2013 7:56am
I entered Nadex Binary Option > 1.0440 by 1500 EST. $3 per contract. If I make it. The return will be $100 -$4 = $96. A 3,200% R/R. I can close it before 1500 and make partial profit.
daddybearforex. com
  • #26,095
  • Jan 28, 2013 8:00am Jan 28, 2013 8:00am
Quoting DaddyBear
I entered Nadex Binary Option > 1.0440 by 1500 EST. $3 per contract. If I make it. The return will be $100 -$4 = $96. A 3,200% R/R. I can close it before 1500 and make partial profit.
I believe the likelihood of succeed is high today.
daddybearforex. com
  • #26,096
  • Jan 28, 2013 8:05am Jan 28, 2013 8:05am
Quoting DaddyBear
I believe the likelihood of succeed is high today.
If I cannot make it, the maximum loss is $3 per contract. This is a much lower risk than the spot Forex.
daddybearforex. com
  • #26,097
  • Jan 28, 2013 8:07am Jan 28, 2013 8:07am
Quoting DaddyBear
I entered Nadex Binary Option > 1.0440 by 1500 EST. $3 per contract. If I make it. The return will be $100 -$4 = $96. A 3,200% R/R. I can close it before 1500 and make partial profit.
I believe you will lose.
  • #26,098
  • Jan 28, 2013 8:11am Jan 28, 2013 8:11am
Quoting mry2001
I believe you will lose.
Why? The Aussie has a daily range of 80 to 100 pips. Even if it is a rebound only, it may exceed 1.0440 by 1500 EST. If not, I just close it before that time and make a partial profit. The contract value will be higher than $3. It is $4.50 now. How could I lose money?
daddybearforex. com
  • #26,099
  • Jan 28, 2013 8:20am Jan 28, 2013 8:20am
Quoting DaddyBear
Why? The Aussie has a daily range of 80 to 100 pips. Even if it is a rebound only, it may exceed 1.0440 by 1500 EST. If not, I just close it before that time and make a partial profit. The contract value will be higher than $3. It is $4.50 now. How could I lose money?
Just to mess with u. lol

why do not bet on 1.036 by 1500 est?

I do not understand the trade. How can you make a partial profit even if the price is going down?
  • #26,100
  • Jan 28, 2013 8:40am Jan 28, 2013 8:40am
The contract for 1.0360 is $96,50 each. The maximum is $100. There is no profit to make. By 1500 EST, my contract value may be $50 for example. I can close it and make $46 profit. If it goes down, I lose $3. You may have to visit Nadex website to understand what that market is.

Quoting mry2001
Just to mess with u. lol

why do not bet on 1.036 by 1500 est?

I do not understand the trade. How can you make a partial profit even if the price is going down?
daddybearforex. com
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