I'm actually hoping the drop isn't the beginning of the storm. (A few more trading days left to go for the year.) I'd be really pissed if I missed that top by a fucking pip! And to think it was my first entry order to a long time. (I usually market ...

AUD/USD

Did you know what fund managers and poker go together like ham and eggs? Really, you might be able to youtube something like fund manager poker. A number fund managers play in televised poker events for the game/publicity/charity. (The Big Drop ...

Aussie Trading Room and Cartoons Gallery

While this thinking can be applied for a holy grail in poker, when you think of that and apply it to trading, it would really only apply to the trading floor where you would be able to see your opponents faces.

Aussie Trading Room and Cartoons Gallery

THQI practically became a penny stock today with an 80% loss. Someone's bidding on the company, as they've filed for bankruptcy. Does this mean THQI stock is going bye-bye?

Stocks

That's the case only if you get in after realizing there's a "trend". How does one define a trend, anyhow? What does a trend represent in the physical world? What's going on "behind the charts"?

Here is what you should know: The Consensus!

Have you done a poll on how long one has been trading? (of any kind in the derivatives market)

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Buying with the trend would mean that the smart money has already been in position and is now selling their positions to you so they can take profit and you can take the toxic inventory!

Here is what you should know: The Consensus!

It's the calm before the storm.

AUD/USD

Time for a new poll?

Aussie Trading Room and Cartoons Gallery

No, if you look at the 3 lines I've drawn, one is a high-to-low, while the top one is based off two highs, while the bottom is based off two lows. It's not just randomly putting in a line for no reason. That's why I asked about the criteria. ...

Aussie Trading Room and Cartoons Gallery

Maybe this will show what I mean "to be". The first chart shows only what's happened. I will be using what I view as an appropriate trend line, however, regardless of which line technique I'm using, using only what's happened can be applied to all. ...

Aussie Trading Room and Cartoons Gallery

Why is it the highs are okay for the DTL, but one shouldn't use the same criteria (lows) for the UTL? That doesn't make sense to me. However, price isn't making a triangle. The lines only represent a possible triangle. One must connect the starting ...

Aussie Trading Room and Cartoons Gallery

Oh well, guess I'll never know what you're talking about. (Or maybe anyone else.)

Aussie Trading Room and Cartoons Gallery

If you say there's a triangle, one must draw one either mentally or physically. However, is this what you were talking about? While this is the 1h, I feel this is what you are talking about. Where the points meet next week? However, notice the ...

Aussie Trading Room and Cartoons Gallery

Show me a chart and I'll draw up what I mean.

Aussie Trading Room and Cartoons Gallery

Does a "cycle" begin/end with a high/low or are the high/lows the middle of the cycles with the beginning/end unclear?

Fundamentals & Market Cycles

Is price really forming a triangle? Not a rhombus or anything else? I mean, the lines may point to an end, but as long as price isn't at that point, predicting shapes is useless. (If price is at that point, there is no predicting the past!)

Aussie Trading Room and Cartoons Gallery

Do you mean, like, doing the opposite of a trade? Like, if I were to go long on Whatever/Pair at whateverprice, with a SL and TP area, instead, I should go short and use my SL as TP and probably set up a new SL since the ratio would be so bad lol. ...

Reverse your trades = Profits

Almost there. There was a position I wanted to get in, but my entry was missed by a pip. Maybe next week. Daily

AUD/USD

Daily, 20 EMA 40 SMA

AUD/USD