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  • #3,701
  • Nov 28, 2015 1:37pm Nov 28, 2015 1:37pm
Quoting Davit
{quote} All commodity pairs are over stressed.UC NU AU are like loaded springs ready to recoil.What's stopping is FEds decision.We most likely won't see anything significant moves untill then.
Hi Davit, I agree the Aussie dollar has been showing significant strength this week against all other pairs but has been diverging against the commodities. In my view the Aussie seems to be in the last leg of downward long term move against the dollar with others yet to possibly follow. However this weeks releases may show some momentum one way or the other for short term entries. I am positioning strength against the crosses on retraces as its seems to have had its trend climax here and weakness against the Dollar on retraces but all will depend in the numbers this week for entries.

The Elephant in the room could be the current Middle East and expose currency to a risk move. As Mike Tyson once said "everyone has a plan until they get punched in the face"
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  • #3,702
  • Nov 29, 2015 11:39am Nov 29, 2015 11:39am
Little swissy, looking for alt but no pa yet....
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,703
  • Nov 29, 2015 12:34pm Nov 29, 2015 12:34pm
Quoting Mr. Scott
Little swissy, looking for alt but no pa yet.... {image}
Hi Mr. Scott, why only little? It looks huge already!
Fix up, trade sharp ...
  • #3,704
  • Nov 30, 2015 12:24am Nov 30, 2015 12:24am
Morning Scott. No sounds this wknd at Crayon Corner, I imagine you're too busy with very important festive things. So I'll just sneak this one in before Frankie.

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It's all about bucks, kid. The rest is conversation.
  • #3,705
  • Nov 30, 2015 3:29am Nov 30, 2015 3:29am
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  • #3,706
  • Nov 30, 2015 7:19am Nov 30, 2015 7:19am
Interesting Aud monthly
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  • #3,707
  • Dec 1, 2015 7:27am Dec 1, 2015 7:27am
Quoting squawk
{quote} Hi Davit, I agree the Aussie dollar has been showing significant strength this week against all other pairs but has been diverging against the commodities. In my view the Aussie seems to be in the last leg of downward long term move against the dollar with others yet to possibly follow. However this weeks releases may show some momentum one way or the other for short term entries. I am positioning strength against the crosses on retraces as its seems to have had its trend climax here and weakness against the Dollar on retraces but all will...
Hi Squawk
Closed multi0ple positions on UC in profits.Rinse and repeat
Watching AC very OB
regards
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In trading, you have to be defensive and aggressive at the same time
  • #3,708
  • Dec 1, 2015 7:49am Dec 1, 2015 7:49am
Some AC
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,709
  • Dec 1, 2015 8:35am Dec 1, 2015 8:35am
Some UC
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,710
  • Dec 1, 2015 1:36pm Dec 1, 2015 1:36pm
Quoting Davit
{quote} Hi Squawk Closed multi0ple positions on UC in profits.Rinse and repeat Watching AC very OB regards {image}
Hi Davit, I agree but it's showing no signs of dumping yet. Maybe Stevens speech, GDP or OPEC meeting on Friday is important and may trigger it. I have my eye on it to as I'v got some positions in Crude to the upside. Aussie seems to be showing more that covering at the moment but is moving into a good level for possible sell on the A/U.

Feeling the Aussie will be dumped soon.

Good luck with positions.
  • #3,711
  • Dec 1, 2015 1:52pm Dec 1, 2015 1:52pm
Quoting gnomoneey
{quote} this could be topside of harmonic is right -chart I drew on nov 21,2015 {image}
update
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Wooooohooooo or Boooooohooooo
  • #3,712
  • Dec 1, 2015 2:19pm Dec 1, 2015 2:19pm
Quoting gnomoneey
euraud same idea -watching reaction in this current price {image}
euraud update
1000 pips drop oct 10
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Wooooohooooo or Boooooohooooo
  • #3,713
  • Dec 1, 2015 2:30pm Dec 1, 2015 2:30pm
audjpy sept 24 chart
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update
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Wooooohooooo or Boooooohooooo
  • #3,714
  • Dec 1, 2015 4:34pm Dec 1, 2015 4:34pm
Quoting Mr. Scott
Little swissy, looking for alt but no pa yet.... {image}
usdchf this is what I'm looking at

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Wooooohooooo or Boooooohooooo
  • #3,715
  • Dec 1, 2015 4:57pm Dec 1, 2015 4:57pm
xauusd 4 patterns for h1
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Wooooohooooo or Boooooohooooo
  • #3,716
  • Dec 1, 2015 9:37pm Dec 1, 2015 9:37pm
Quoting gnomoneey
audjpy sept 24 chart {image} update {image}

Hey G,

Some AJ
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,717
  • Dec 1, 2015 9:40pm Dec 1, 2015 9:40pm
Quoting gnomoneey
{quote} euraud update 1000 pips drop oct 10 {image}

EA
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,718
  • Edited 11:14pm Dec 1, 2015 11:01pm | Edited 11:14pm
Quoting Mr. Scott
{quote} EA {image}
Hi Scott.

AU holding below positive GDP number spike up. Could be a nice signal for sell down if Europe follows. Numbers are coming out a lot more positive from AUD lately and maybe slowly taking of any additional interest rate move down for now.

AUD on all crosses is looking over bought.

I am short AU looking for some follow through to other sessions.
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  • #3,719
  • Edited Dec 2, 2015 12:05am Dec 1, 2015 11:46pm | Edited Dec 2, 2015 12:05am
Underwater in Crude at the moment but anticipating upside move after OPEC verbiage other wise cut out.
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  • #3,720
  • Dec 2, 2015 12:04am Dec 2, 2015 12:04am
How much of this do you see around FF.

The trader’s biggest enemy is their own EGO.
Ego: a person’s sense of self-esteem or self-importance.
1. The new traders with big egos always have but confidence in their trading ability before developing competence in trading. New traders that trade before educating themselves are ignorant of their own ignorance.
2. Ego driven traders think they are special and will beat the market, even without putting in the work. They feel this way even though there is no evidence from their past trading success.
3. Most stubbornness in traders arises from the egos refusal to change, to learn, or to accept they are wrong about something.
4. The ego will make you hold a trade that is going against you, in the hope that you can prove yourself right when it reverses.
5. The biggest cause of trading too big of a position size, is ignoring risk management in favor of confidence in an unknown outcome.
6. Arrogant traders will focus on being right about predictions more than developing a robust trading methodology.
7. Ego driven traders put being right above being profitable. Their goal is ego gratification, not profitable trading.
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