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Aussie Trading Room and Cartoons Gallery

  • #29,941
  • May 17, 2013 7:35am May 17, 2013 7:35am
Well the PA has just (f$#@^%ked) my lodgic now
  • #29,942
  • May 17, 2013 7:35am May 17, 2013 7:35am
Quoting arcticwolf
{quote} The big boys (banks etc) think it is their game for only them to play
M1 to M15 is for scalpers,

M15 to H1 is for intra day traders,

H1 to Weekly is for the big boys, that is where the trends continue.......................IMO
The More You Learn, The More You Earn.....
  • #29,943
  • May 17, 2013 7:40am May 17, 2013 7:40am
Hi Everyone,

Been looking for a long entry. Area of interest to me at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: audweekly.jpg Size: 94 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #29,944
  • May 17, 2013 7:40am May 17, 2013 7:40am
Quoting Rampage
{quote} Hi Alien Many traders cant grasp this,its the same for retraces as well. Waiting for a entry can make for smaller stops
That is correct...........!

You have to scan the TF's from low to high and back from high to low to watch and see which TF's are turning or trending, from that you make an educated guess and run with the higher time frame until the lower ones turns and tells you something different...........It's the 6th dimension.........

When I get more time , I can explain in detail someday...............
The More You Learn, The More You Earn.....
  • #29,945
  • May 17, 2013 7:42am May 17, 2013 7:42am
Quoting Mr. Scott
Hi Everyone, Been looking for a long entry. Area of interest to me at the moment. {image}
Wait for the turn, let it retest the bottom, and then watch for the next higher TF for failure and then bail if it happens...........
The More You Learn, The More You Earn.....
  • #29,946
  • May 17, 2013 7:45am May 17, 2013 7:45am
Quoting forexalien
{quote} That is correct...........! You have to scan the TF's from low to high and back from high to low to watch and see which TF's are turning or trending, from that you make an educated guess and run with the higher time frame until the lower ones turns and tells you something different...........It's the 6th dimension......... When I get more time , I can explain in detail someday...............
Works for me.....
  • #29,947
  • May 17, 2013 7:45am May 17, 2013 7:45am
Quoting forexalien
{quote} Wait for the turn, let it retest the bottom, and then watch for the next higher TF for failure and then bail if it happens...........

Yes Alien, would expect a pinbar off that fib or a gradual test of entire prz for a turn. Will be watching my friend.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #29,948
  • May 17, 2013 7:46am May 17, 2013 7:46am
Quoting forexalien
{quote} Wait for the turn, let it retest the bottom, and then watch for the next higher TF for failure and then bail if it happens...........
Like 4 hours ago on 5m Tf.
  • #29,949
  • May 17, 2013 8:19am May 17, 2013 8:19am
Quoting arcticwolf
{quote} DB it seems to be slowing the free fall at around 0.973 I know it is anyone guess (for a better use of words ) but I feel that we are almost at the bottom or is that wishfull thinking.
The market does seem to react when it reach 0.973.. I suspect there long entries made..
  • #29,950
  • May 17, 2013 8:41am May 17, 2013 8:41am
I'm getting pissed off. When the hell is this currency going to bounce! Note to self: don't get emotional!
  • #29,951
  • May 17, 2013 8:47am May 17, 2013 8:47am
Quoting Arman_A
I'm getting pissed off. When the hell is this currency going to bounce! Note to self: don't get emotional!
Dear Arman_A, trade with the trend. Just wait for a bounce, looking for rejection on the higher TM (e.g. 4H, Daily) and then sell off this pair at least till the end of this month. Just in case a useful link about price trading strategy.http://www.learntotradethemarket.com/forex-trading-commentary
Hope this will allow you to improve your trading skills.
God bless you!
  • #29,952
  • May 17, 2013 8:47am May 17, 2013 8:47am
I know it does not count for much but just turned tv on and channel 10 news has the aussie back at 1.03 some time in the next couple of weeks . Does that make anyone feel better :-)
  • #29,953
  • May 17, 2013 8:48am May 17, 2013 8:48am
Quoting Pip Anon
I expect a small pullback (white line) before heading down to targets (blue line). {image} {image}
Everything playing out so far
When the facts change I change my mind, what do you do sir
  • #29,954
  • May 17, 2013 8:49am May 17, 2013 8:49am
Quoting arcticwolf
I know it does not count for much but just turned tv on and channel 10 news has the aussie back at 1.03 some time in the next couple of weeks . Does that make anyone feel better :-)
An article in Bloomberg says it will back to 1.02 in abput one month too.

But I don't really want to act based on that
  • #29,955
  • May 17, 2013 8:59am May 17, 2013 8:59am
Quoting hansetb
{quote} An article in Bloomberg says it will back to 1.02 in abput one month too. But I don't really want to act based on that
No I have not raced in and placed longs :-)
  • #29,956
  • May 17, 2013 9:07am May 17, 2013 9:07am
Quoting Arman_A
I'm getting pissed off. When the hell is this currency going to bounce! Note to self: don't get emotional!
Which TF are you using
  • #29,957
  • May 17, 2013 9:15am May 17, 2013 9:15am
a little more push please, i want down 100 pips more and start buying.
As Above, So Below
  • #29,958
  • May 17, 2013 9:18am May 17, 2013 9:18am
Quoting Rampage
{quote} Which TF are you using
1d for the long I have had open since .99
  • #29,959
  • May 17, 2013 9:26am May 17, 2013 9:26am
Quoting Arman_A
{quote} 1d for the long I have had open since .99
Weekly would be better to look at, but make sure you can afford the stop
  • #29,960
  • May 17, 2013 9:27am May 17, 2013 9:27am
AJ is flying now..
should help AU abit..
would help more if UJ drop a little
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