Stay calm, be brave, wait for the signs - Jasper Friendly Bear
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The Monster Employment Index and NFP's 6 replies
DislikedI find that the immediate interaction of PA with the 14 EMA and the intermediate interaction of PA with the 47 EMA are of crucial importance. Subsequently the zone between the 47 EMA and the 14 EMA is an area that I particularly like to keep an eye on. As price nears or moves into the zone I will take a "heads up" attitude. Price moving away from or out of the zone often signals a trade.Ignored
DislikedGood heavens! here I am quoting myself, what is the world coming to!
Just wanted to post a textbook example of what I meant in the above quote. This one happened in the EURUSD today and did everyting it was supposed to .
"If firebrick has NOT turned up and the PA kisses, you have a 90% certain short trade." Remember BlueMental's quote? Well PA didn't kiss on this occasion but the part about the Firebrick slope fits perfectly.Ignored
DislikedPA DID kiss, only it didn't kiss firebrick, it tested (and failed to break through) coral, and PA therefoe kissed coral.
Remember, the bounces and scallops. The reason they are so useful is the following. If the PA is trending down and is in the scallop pattern, then the kisses of the MA's above are brief single bar kisses with sharp climbs fillowed by sharp drops. Yet if the PA is down trending in the bounce pattern, the kisses are on the apex of the curve, (as it is in your picture.) It is far easier to get the timing right with the bounce...Ignored
DislikedAhhh yes, kissing is a matter of degree .... a kiss on the cheek, on the lips, a juicey wet one, French KissIgnored
DislikedFun De Mental.
With the indie's supplied by FxHermit, here is a simpler and clearer way of seeing the patterns instead of getting stuck on the minor details.
When driving a car, instead of focusing your attention on the dead bug on the glass, look through it and follow the path of the road.
http://img189.imageshack.us/img189/2...yh4ribbons.png
<EDIT> Oops, wrong pair </EDIT>
http://img13.imageshack.us/img13/214...yh4ribbons.png...Ignored
DislikedThe Magic Monster continues to work it's magic as the Impulse wave unfolds. Very nice opportinities as PA interacts with the "zone" making the lady easy to dance with. What wonderful relaxed and stress free trading this methodology provides.
P.S. BlueMental, just starting to go through your new info ... already very interesting. Your posts are superb. Thanks.Ignored
Disliked
I bring this to your attention FxHermit, since you are the only person that is actually reading this thread and seeing what I have posted.
The rest are seeing 'another Keith' or a scam. Their perspective has become biased due to the public lynching of eclayf.
BMIIgnored
Disliked
I bring this to your attention FxHermit, since you are the only person that is actually reading this thread and seeing what I have posted.
BMIIgnored
Disliked
The rest are seeing 'another Keith' or a scam. Their perspective has become biased due to the public lynching of eclayf.
BMIIgnored
DislikedActually, I have your ma's on my chart too, just never commented on ure thread, but following it as well. Pretty good on a renko chart!
PardyIgnored