Aussie Trading Room and Cartoons Gallery

took another look at some levels, and I'm lowering my bids to 1.0325..

Don't you know you can get away with that in trading?
Stochastics climb no matter which direction it is going.

I know. I can get away with anything.

http://media.tumblr.com/tumblr_lqty3wCOo51qzdnyh.gif

wow
So cute,whats her name ?

Her name is Mrs. 2+2=4ex.

...

didnt you also said bears will be disappointed few days ago?

Yes, in weekly context.

The debates were the medium term directions not 100 pips moves either way...

EURJPY just dropped 50 + pips in 10 minutes....

Is this drop will cause it continue drop ? Or just a retrace?

POSS 5th wave ended and it is correction

I believe this cartoon was incomplete.....

Let DB depict the truth for ya ...........

Ok got it. Thank for your information. How do you see the new wave ?

I still believe there may be plenty of downside risk.
I closed my Long position this morning.
I went short at 1.04 and exit it with a 20 Pip profit.
I had gone short yet again, this time at 1.0360 .
But I don't know where to place my stops on the upside. any Ideas?
Rough ideas or articles would help, I wish to get 20 + Pips this time around but am worried it will reverse and take my stops out tonight.
Thank you.

Welcome k3nshinz3139. Let me put it this way.... a retracement continues dropping...... -DB-

Just did it quickly now, hopefully gets across point.

http://i.telegraph.co.uk/multimedia/...d_1457803i.jpg

This is how I see next wave. Be careful.

http://www.smh.com.au/business/carbon-economy/time-for-change-china-flags-peak-in-coal-usage-20130206-2dxrv.html
China’s decade-long boom in coal-driven heavy industry is about to end as the leadership shifts priorities towards energy conservation, say officials and policy advisers.


The advisers predict China’s coal consumption will peak at only a fraction above current levels after the State Council, or cabinet, last week set an ambitious new total energy use target for the five-year plan ending 2015.


“Coal consumption will peak below 4 billion tonnes,” Jiang Kejun, who led the modelling team that advised the State Council on energy use scenarios, told Fairfax Media.


“It’s time to make change,” said Dr Jiang, who is director of the Energy Research Institute under the National Development and Reform Commission (NDRC). “There’s no market for further development of energy-intensive industry.”


The imminent stabilisation of coal usage, if broadly achieved, would mark a stunning turn-around for a nation that is estimated to have burned 3.9 billion tonnes last year, which is nearly as much as the rest of the world combined.

Income shock for Australia

And it would trigger a negative income shock to Australia, the world’s biggest exporter or coal and iron ore, with significant implications for government budget forecasts.

Read more: http://www.smh.com.au/business/carbon-economy/time-for-change-china-flags-peak-in-coal-usage-20130206-2dxrv.html#ixzz2K66TDJ1V