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Aussie Trading Room and Cartoons Gallery

  • #34,101
  • Oct 11, 2014 9:15pm Oct 11, 2014 9:15pm
MT4 cannot trade gold, otherwise DBX would be a great addition to gold bugs' toolboxes.
daddybearforex. com
  • #34,102
  • Oct 11, 2014 9:18pm Oct 11, 2014 9:18pm
IMO using DBX on higher TF is a better option in order to gain more pips.
Using DBX on lower TF is more suitable for scalping.
daddybearforex. com
  • #34,103
  • Oct 11, 2014 9:21pm Oct 11, 2014 9:21pm
Baghdad (CNN) -- ISIS fighters stood Saturday on the verge of taking not just a key Syrian town along the Turkish border, but also an entire province on Baghdad's doorstep.

This situation may keep FX market very volatile next week. IMO, Obama's policy has failed. ISIS is likely to take more territory in the weeks ahead.
daddybearforex. com
  • #34,104
  • Oct 11, 2014 10:13pm Oct 11, 2014 10:13pm
AU Weekly DBX
The hookup of DBX Index [Cyan] coincides with the long term horizontal support @ 0.86650.
LDB [Yellow] also hooked up at this critical level. So now Weekly is long but Daily is still short.
Attached Image (click to enlarge)
Click to Enlarge Name: 101214-W-AU.PNG Size: 62 KB
daddybearforex. com
  • #34,105
  • Oct 11, 2014 10:14pm Oct 11, 2014 10:14pm
Quoting DaddyBear
MT4 cannot trade gold, otherwise DBX would be a great addition to gold bugs' toolboxes.
Not true, 3 brokers I know have gold and silver on their MT4 and some also have oil and indices
Have a nice day
  • #34,106
  • Oct 11, 2014 10:21pm Oct 11, 2014 10:21pm
AU Monthly DBX
Monthly DBX indicates a pause is occurring right above longtime horizontal support and the bottom of IC.
However, the outlook is ominous because after wave 2 of 3 is complete, wave 3 of 3 will take over.
Attached Image (click to enlarge)
Click to Enlarge Name: 101214-M-AU.PNG Size: 44 KB
daddybearforex. com
  • #34,107
  • Oct 11, 2014 10:25pm Oct 11, 2014 10:25pm
The chances of AU falling back to 0.50 to 0.60 levels are very high in the coming years.
daddybearforex. com
  • #34,108
  • Oct 11, 2014 10:30pm Oct 11, 2014 10:30pm
Quoting DaddyBear
The chances of AU falling back to 0.50 to 0.60 levels are very high in the coming years.
DB
Do u know something we don't.
Bill
Have a nice day
  • #34,109
  • Edited 11:58pm Oct 11, 2014 10:33pm | Edited 11:58pm
Quoting billv
{quote} Not true, 3 brokers I know have gold and silver on their MT4 and some also have oil and indices
I use Oanda. Their MT4 does not support the trading of gold, silver, oil or indices.
I believe DBX works on gold as well but I cannot test it. Too bad.
daddybearforex. com
  • #34,110
  • Oct 11, 2014 10:35pm Oct 11, 2014 10:35pm
Quoting billv
{quote} DB Do u know something we don't. Bill
When I began trading AU back in 2008, AU was traded at 0.5x. Now China is slowing down and the USD is much firmer.
I do expect AU to drop back to where it belongs to.
daddybearforex. com
  • #34,111
  • Oct 11, 2014 10:44pm Oct 11, 2014 10:44pm
Also, my wave count does not give Au much credit.
Attached Image
daddybearforex. com
  • #34,112
  • Oct 11, 2014 10:48pm Oct 11, 2014 10:48pm
The strategy of AU trading is to buy at the dip..... a very hard dip.
daddybearforex. com
  • #34,113
  • Oct 11, 2014 10:50pm Oct 11, 2014 10:50pm
Quoting DaddyBear
The strategy of AU trading is to buy at the dip..... a very hard dip.
Then there will be a rebound and then a much bigger drop will follow....
This is based on my reading of AU DBX of higher TFs plus my wave count.
daddybearforex. com
  • #34,114
  • Oct 11, 2014 11:05pm Oct 11, 2014 11:05pm
Quoting DaddyBear
The strategy of AU trading is to buy at the dip..... a very hard dip.
In fact, I think shorting AU when DBX topping pattern appears makes more sense.
DBX topping pattern is shown below.

Attached Image
http://www.forexfactory.com/attachme...1&d=1413094019
daddybearforex. com
  • #34,115
  • Oct 11, 2014 11:49pm Oct 11, 2014 11:49pm
Get your free trial of DBX today.
Request a trial license at ([email protected]).
Please include your MT4 demo account number so I can set you up.
daddybearforex. com
  • #34,116
  • Oct 12, 2014 7:15am Oct 12, 2014 7:15am
Quoting DaddyBear
{quote} When I began trading AU back in 2008, AU was traded at 0.5x. Now China is slowing down and the USD is much firmer. I do expect AU to drop back to where it belongs to.
DB

LOL Traders who form opinions end up losing money but hopefully your DBX will protect you.

Australia is not the country you are thinking of.
Its now a big energy producer in addition to the exports of raw materials and food
and also has huge oil reserves,

Do your own research, the US has changed a lot too, lots of oil has come online.
Have a nice day
  • #34,117
  • Oct 12, 2014 8:05am Oct 12, 2014 8:05am
Quoting billv
{quote} DB LOL Traders who form opinions end up losing money but hopefully your DBX will protect you. Australia is not the country you are thinking of. Its now a big energy producer in addition to the exports of raw materials and food and also has huge oil reserves, Do your own research, the US has changed a lot too, lots of oil has come online.
Bill, thanks for your input.
My opinion won't impact my trading. I use DBX signals to trade.
I agree with you having a preoccupied concept is the prescription to lose money.
However, relying on the export of natural resources won't make any nation's currencies stronger.
Japan has no natural resources at all but the Yen was so strong.
If BOJ had not intervened the Yen, UJ and EJ would be much lower now.
The USD is going stronger from now on. The reason is not only because the shale oil but also the overall economic progress.
Most GDP is built upon the service sectors and this is a sound economy supposed to be.
daddybearforex. com
  • #34,118
  • Oct 12, 2014 8:10am Oct 12, 2014 8:10am
Look at Russia. It has a lot of natural resources and is one of the top exporter of oil and gas.
Does this make Russian ruble much stronger? Do you trade Russian ruble?
daddybearforex. com
  • #34,119
  • Oct 12, 2014 8:44am Oct 12, 2014 8:44am
Worst week for S&P 500, Nasdaq since May 2012 - CNBC
This was expected by anyone with a normal IQ except those Wall Street Bulls.
daddybearforex. com
  • #34,120
  • Oct 12, 2014 8:46am Oct 12, 2014 8:46am
CIT's number one bank advertisement does not make sense to me.
Trading the FX market has nothing to do with a number one bank.
daddybearforex. com
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