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Aussie Trading Room and Cartoons Gallery

  • #34,121
  • Oct 12, 2014 11:30am Oct 12, 2014 11:30am
Pre-market data indicates AU stays flat.
daddybearforex. com
  • #34,122
  • Oct 12, 2014 11:31am Oct 12, 2014 11:31am
Usually, AU stays flat until Sunday open.
daddybearforex. com
  • #34,123
  • Oct 12, 2014 11:33am Oct 12, 2014 11:33am
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.
Did you set up a new broker's demo account to test DBX?
daddybearforex. com
  • #34,124
  • Oct 12, 2014 1:39pm Oct 12, 2014 1:39pm
I am working on the 8th component of DBX for aggressive traders.
This new component will be included in DBX-03 version.
daddybearforex. com
  • #34,125
  • Oct 12, 2014 1:52pm Oct 12, 2014 1:52pm
Quoting DaddyBear
I am working on the 8th component of DBX for aggressive traders. This new component will be included in DBX-03 version.
The 8th component of DBX is MDBi, a derivative of MDB. It's shown in yellow color.
It's designed for aggressive traders to receive this critical signal in real-time.

http://www.forexfactory.com/attachme...1&d=1413139889
daddybearforex. com
  • #34,126
  • Oct 12, 2014 7:32pm Oct 12, 2014 7:32pm
Quoting DaddyBear
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?
DB

Its not this simple.
Before the Ukrainian crisis Russia had a large surplus of foreign currency
and if they wanted to they could have kept buying the ruble and could have pushed it to the moon,
but they didn't do it, there is a balance to everything.

No, the Ruble is not one of the currencies I trade at present.

Bill
Have a nice day
  • #34,127
  • Oct 12, 2014 7:54pm Oct 12, 2014 7:54pm
Hi DB,

Wondering about the long entry in AUDUSD H1, would that been a valid trade?

as well as EURUSD H4?
  • #34,128
  • Oct 12, 2014 8:14pm Oct 12, 2014 8:14pm
Quoting BlkR
Hi DB, Wondering about the long entry in AUDUSD H1, would that been a valid trade? as well as EURUSD H4?
I would use H4 to gauge the setup.
AU H4 DBX shows a potential for bulls.
Attached Image (click to enlarge)
Click to Enlarge Name: 101214-H4-AU-2.PNG Size: 24 KB
daddybearforex. com
  • #34,129
  • Oct 12, 2014 8:17pm Oct 12, 2014 8:17pm
Quoting DaddyBear
{quote} I would use H4 to gauge the setup. AU H4 DBX shows a potential for bulls. {image}
For DBX trading setups, go to http://daddybearforex.com/index.html for more info.
daddybearforex. com
  • #34,130
  • Edited 8:47pm Oct 12, 2014 8:24pm | Edited 8:47pm
Quoting billv
{quote} DB Its not this simple. Before the Ukrainian crisis Russia had a large surplus of foreign currency and if they wanted to they could have kept buying the ruble and could have pushed it to the moon, but they didn't do it, there is a balance to everything. No, the Ruble is not one of the currencies I trade at present. Bill
I was using Russia as an example to show you that owning natural resources does not make a currency stronger.
Russia does not make anything except those very high tech stuff. This is the main reason why a country could compete with the US in the space but the economy is still at the same level of India.
daddybearforex. com
  • #34,131
  • Oct 12, 2014 8:26pm Oct 12, 2014 8:26pm
Quoting BlkR
Hi DB, Wondering about the long entry in AUDUSD H1, would that been a valid trade? as well as EURUSD H4?
Had you used AU H1 DBX, you would have entered long at 0.867x or lower.
daddybearforex. com
  • #34,132
  • Oct 12, 2014 8:31pm Oct 12, 2014 8:31pm
Quoting DaddyBear
{quote} I would use H4 to gauge the setup. AU H4 DBX shows a potential for bulls. {image}
The H4 DBX shown above is DBX-03 version with a 8th component, MDBi, in yellow color.
daddybearforex. com
  • #34,133
  • Oct 12, 2014 8:32pm Oct 12, 2014 8:32pm
Expect the rebound continues.
daddybearforex. com
  • #34,134
  • Oct 12, 2014 8:35pm Oct 12, 2014 8:35pm
Quoting DaddyBear
{quote} I would use H4 to gauge the setup. AU H4 DBX shows a potential for bulls. {image}
Even an elementary kid can use DBX to trade Aussie.
When the kid saw Cyan H4 DBX Index hooked up, he just pushed buy button then the trade was entered in the right direction.
This is a no-brainer system for dummies.
daddybearforex. com
  • #34,135
  • Oct 12, 2014 8:39pm Oct 12, 2014 8:39pm
Quoting DaddyBear
{quote} Had you used AU H1 DBX, you would have entered long at 0.867x or lower.
Exactly what I have done, thanks db
  • #34,136
  • Oct 12, 2014 8:40pm Oct 12, 2014 8:40pm
Quoting BlkR
{quote} Exactly what I have done, thanks db
Could you post your feedback about how you used AU H1 DBX to enter long?
daddybearforex. com
  • #34,137
  • Oct 12, 2014 8:43pm Oct 12, 2014 8:43pm
Quoting DaddyBear
{quote} The H4 DBX shown above is DBX-03 version with a 8th component, MDBi, in yellow color.
Using H4 DBX is less risky but less profitable.
It's users' decisions to be conservative or aggressive.
There are pros and cons for using either TF.
I am more aggressive, so I use M15 sometimes.
This is a bad habit and not recommended.
daddybearforex. com
  • #34,138
  • Oct 12, 2014 8:49pm Oct 12, 2014 8:49pm
Quoting DaddyBear
{quote} Could you post your feedback about how you used AU H1 DBX to enter long?

HI DB,

Notice in H1 TF DBX has crossed LDB, with RED and Green Index showing a upward slope. MDB stay on the sideline. It was later confirm with H4 just now with DBX, Green, Red Index and MDB pointing upwards as well as a hammer. Actually I should of most likely got a better entry if I had look at the M15 chart. But entered at 0.86915....
  • #34,139
  • Oct 12, 2014 8:51pm Oct 12, 2014 8:51pm
Using H4 requires a lot of patience which is a virtue every trader needs.
daddybearforex. com
  • #34,140
  • Oct 12, 2014 8:54pm Oct 12, 2014 8:54pm
Quoting BlkR
{quote} HI DB, Notice in H1 TF DBX has crossed LDB, with RED and Green Index showing a upward slope. MDB stay on the sideline. It was later confirm with H4 just now with DBX, Green, Red Index and MDB pointing upwards as well as a hammer. Actually I should of most likely got a better entry if I had look at the M15 chart. But entered at 0.86915....
It's still a nice entry anyway.
Not sure about what you meant "MDB stay on the sideline."
When H1 DBX is ready, use M15 DBX to time the entry.
daddybearforex. com
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