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- pipfx replied Apr 14, 2010
Caught my attention — This is a follow up to a previous post of USDCHF. The wedge has been broken to the down side, which means this could be headed down further. We have to wait until the weekly close to see if this holds. There is no PASR on ...
- pipfx replied Apr 11, 2010
Gaps — I know Strat may have a different explanation, but for those interest in candle sticks and Steve Nisson's take try Googling Falling and rising windows. Basically gaps form a new support or resistance area.
- pipfx replied Apr 9, 2010
Point taken. I think this falls into the category of looking for trade rather than a reason not to trade.
- pipfx replied Apr 9, 2010
Hammers occur at the end of a down trend, ideally at a swing low. I guess my question is how long does the trend have to be before being considered a valid hammer.
- pipfx replied Apr 9, 2010
Hanging men, hammers, and the bond. — I saw that to while studying my charts. It broke the TL and support with a BUOB on 4/6/2010. It then retested the TL 4/8/10 with a hammer shaped bar. One thing I have difficulty with is distinguishing ...
- pipfx replied Apr 7, 2010
Very good read! — Thank you for posting this! I am one of the lucky ones that found this thread before I even opened a demo account. I read several books on forex trading which did point out the benefits of indicators, but I found this thread ...
- pipfx replied Apr 7, 2010
USDCHF — This is the boss chart of USDCHF it is on my "watch list". The last swing low bar was a hammer and it formed a higher HL. This is an observation that the boss may be indicating a trend change. We have to WAIT and WATCH to find out. ...
- pipfx replied Apr 5, 2010
I definitely agree. You can trade a demo account, but the gremlins don't come out until there is actually something at risk.
- pipfx replied Apr 1, 2010
Thanks Strat. Points taken. I definitely have more lines, I post a lot from work where I don't have access to all my charts. .99 being the last stop. I did miss the some of the other points you have made.
- pipfx replied Mar 31, 2010
What goes up must come down? — Looks like a big BEOB forming right at support and confluence with an upword TL. This could be a ride down to .99
- pipfx replied Mar 29, 2010
I would be careful here. We trade the worker here, and use the boss to provide direction. Also, what makes you think this one has stopped moving down besides the boss hammer? I am not agreeing or disagreeing with you, but just somethings you should ...
- pipfx replied Mar 27, 2010
Question — AUDUSD look for PA at 0.902 for another ride to 0.9848 I am going out on a limb here and questioning the teacher. Why do you think we are going back up to .9848. Here is what I see. Worker: Price trapped between the MA's Boss: We ...
- pipfx replied Mar 26, 2010
Something seems off. — After reading this I was actually happy with myself because I entered after the hammer on March 17. BUT... This seems like an odd post though because you never usually post your live trades. I think you have made me ...
- pipfx replied Mar 24, 2010
I do agree about 93.00 the only reason I mentioned it was becase it was the last swing high, not necessarily major R. 94.30 will be the BIG test. Thanks for your input and charts. I can not tell you enough how much I have learned from yours and ...
- pipfx replied Mar 24, 2010
TL is retested in USDJPY....a few influencing factors there, both ways....stops versus geopolitical versus (god-forbid) technical. By all rights, 92.30 should top things today. You were right there it stopped pretty close to 92.30. In my rookie ...
- pipfx replied Mar 22, 2010
Thank you. — Thank you! I have been lurking lately and mostly just trying to understand trading right now. It's my busy season at work so don't have much time to post or trade.
- pipfx replied Mar 21, 2010
I would like to try this MM strategy. you don’t know what the ATR of your pair is, click on the ATR in your indicators folder and set it to “1”. This will give you the current daily range. Could anyone provide more info on how to get this ...
- pipfx replied Mar 5, 2010
Back at it. — I am back from a two week vacation. I will catch up on all the posts here and start contributing again. Cheers.
- pipfx replied Feb 9, 2010
Quick question — -Feb 8th the sellers pushed price below the low and then the buyers pushed it back up but didn't have enough buying power to take out all the sell orders around 1.5700. This candle now has the potential to become a swing low ...
- pipfx replied Feb 9, 2010
Good question! — I was having the same question. Than I read Strat's recent post about chasing the high risk pips, and I thought it may be better to wait for a LL, and enter after a LH on the worker. I am not sure if this is a good approach, ...