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Aussie Trading Room and Cartoons Gallery

  • #31,141
  • May 29, 2013 5:03pm May 29, 2013 5:03pm
Quoting Davit
{quote} Arman janFew thoughts.Don't scalp ever and don't waste time thinking in short term.Think in broader view of the market.Weeks not days or hours.In longer term Aussie is great buy at these prices and your failure is placing orders not accordance of trading plan and lot sizes not in sink with long term.Reduce your lots and think long term and you will be surprised how easily you will start seeing great trades.Let me share few insights.Take your lot you are willing to invest in pair say 2 lots should be no more then 5% of your account.Davide...
Thanks Dav this is a technique I have used before but my patience has got the better of me. So frustrating. I have 20 books on forex and in the last 2 years I have not read one. I got to get my study on!
  • #31,142
  • May 29, 2013 5:06pm May 29, 2013 5:06pm
Quoting Arman_A
{quote} Thanks Dav this is a technique I have used before but my patience has got the better of me. So frustrating. I have 20 books on forex and in the last 2 years I have not read one. I got to get my study on!
That should be your number one goal......read all 20 books before you place another trade..................
The More You Learn, The More You Earn.....
  • #31,143
  • May 29, 2013 5:19pm May 29, 2013 5:19pm
Quoting forexalien
{quote} That should be your number one goal......read all 20 books before you place another trade..................

Its good advice but it sounds that your lack of patience is maybe your biggest problem. I know its tough sometimes sitting on your hands but if your not confident on a trade then don't do it.

All pairs right now are somewhat untradeable being in the middle of many channels and with the potential for fundamental changes soon I don't see too much worth jumping on.

I find it hard to not be 'in the game' but not as tough as having to blow your account.

I wish you well brother and im sorry things haven't worked out well this time for you.
Money never sleeps...
  • #31,144
  • May 29, 2013 5:23pm May 29, 2013 5:23pm
"Speaking to a Congressional committee last week, current Fed Chairman Ben Bernanke warned of "premature tightening," (http://money.cnn.com/2013/05/22/news/economy/bernanke-premature-tightening/index.html?iid=EL) but didn't rule out that he and his colleagues could start to wind down the program in a few months. In a speech Wednesday afternoon, Boston Fed President Eric Rosengren said he may be in favor or reducing the monthly purchases in a "few months," if the job market improves."

...With the unemployment numbers out tonight, I see this as a big wink wink....??
  • #31,145
  • May 29, 2013 5:24pm May 29, 2013 5:24pm
What is next?
Attached Image
daddybearforex. com
  • #31,146
  • May 29, 2013 5:27pm May 29, 2013 5:27pm
DB's H4 Forex Map
Attached Image
daddybearforex. com
  • #31,147
  • May 29, 2013 5:31pm May 29, 2013 5:31pm
DB's M15 Forex Map
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 35 KB
daddybearforex. com
  • #31,148
  • May 29, 2013 5:32pm May 29, 2013 5:32pm
Quoting DaddyBear
What is next? {image}
Hey DB Im new to the thread so hope I'm not intruding... I see the same pic on my platform and I 'think' it's just consolidation prior to news out later tonight. Which ever direction it heads today before the news I'd be betting it crashing the opposite upon news break. If today it heads towards a double bottom I'll be looking at a buy and if it breaks the trend line I'll be looking for a sell at weekly pivot maybe...
  • #31,149
  • May 29, 2013 5:37pm May 29, 2013 5:37pm
Add Fibonacci ratio to merge with the EWP.
daddybearforex. com
  • #31,150
  • May 29, 2013 5:39pm May 29, 2013 5:39pm
If longed at the bottom, take money and run. Reenter later IMO. Don't try to hold longs until the end of the world.
daddybearforex. com
  • #31,151
  • May 29, 2013 5:41pm May 29, 2013 5:41pm
Quoting phil_hamo
{quote} Hey DB Im new to the thread so hope I'm not intruding... I see the same pic on my platform and I 'think' it's just consolidation prior to news out later tonight. Which ever direction it heads today before the news I'd be betting it crashing the opposite upon news break. If today it heads towards a double bottom I'll be looking at a buy and if it breaks the trend line I'll be looking for a sell at weekly pivot maybe...
Welcome and thanks for your input.
daddybearforex. com
  • #31,152
  • May 29, 2013 5:44pm May 29, 2013 5:44pm
Quoting Davit
{quote} Arman janFew thoughts.Don't scalp ever and don't waste time thinking in short term.Think in broader view of the market.Weeks not days or hours.In longer term Aussie is great buy at these prices and your failure is placing orders not accordance of trading plan and lot sizes not in sink with long term.Reduce your lots and think long term and you will be surprised how easily you will start seeing great trades.Let me share few insights.Take your lot you are willing to invest in pair say 2 lots should be no more then 5% of your account.Davide...

uwotm8 how is the aussie a good thing to buy long term? Judging from market sentiments as well as reading the monthly chart the only obvious place for the aussie is down, although I cannot predict the future I highlyyyy doubt it will break parity any time soon
  • #31,153
  • May 29, 2013 5:45pm May 29, 2013 5:45pm
Now, DB's H4 Forex Map- Plan B
Attached Image
daddybearforex. com
  • #31,154
  • May 29, 2013 5:48pm May 29, 2013 5:48pm
Plan B could be the official Forex Map tonight published 3 hours before the news.
daddybearforex. com
  • #31,155
  • May 29, 2013 6:20pm May 29, 2013 6:20pm
Quoting DaddyBear
Plan B could be the official Forex Map tonight published 3 hours before the news.
Im guessing by your predictions (which are probably better than mine) i should probably pull my longs out...
  • #31,156
  • May 29, 2013 6:31pm May 29, 2013 6:31pm
Quoting Arman_A
{quote} Im guessing by your predictions (which are probably better than mine) i should probably pull my longs out...
That was my projection. You should make your own judgment.
daddybearforex. com
  • #31,157
  • May 29, 2013 6:44pm May 29, 2013 6:44pm
i see more people started predicting lower lows. i am a bull and very pleased to see that.
As Above, So Below
  • #31,158
  • May 29, 2013 6:54pm May 29, 2013 6:54pm
Quoting tashkent
i see more people started predicting lower lows. i am a bull and very pleased to see that.

Why would you be bullish on this currency o_O when rate cuts hit aussie will plummet like it already has been.

Just take it into perspective anytime there is negative aussie news it falls, when theres positive aussie news it rallies slightly, but then falls again.

Obviously we are in a bearish sentiment atm, and longing right now is going to be like playing with fire
  • #31,159
  • May 29, 2013 6:55pm May 29, 2013 6:55pm
Quoting tashkent
i see more people started predicting lower lows. i am a bull and very pleased to see that.
and i am buying at each 50 pip drop till 0.95. buying at every 25 pip up move
As Above, So Below
  • #31,160
  • May 29, 2013 7:05pm May 29, 2013 7:05pm
Quoting tashkent
{quote} and i am buying at each 50 pip drop till 0.95. buying at every 25 pip up move
Oh lawd inb4 blown account
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