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No1Optimist Sep 10, 2010 3:29am | Post# 13901

I guess you may have a very big Monitor, 24" LCD?
No, actually I use a 17" laptop.

Roger

soso Sep 10, 2010 3:57am | Post# 13902

EURCAD followup
 
1 Attachment(s)
Reached 1 ATR, so SL to BE at this point. Free ride from now on (if it wants to of course). First TP at 1.3070.

Cheers,
-soso
1st TP hit last night.

Last TP is at ~1.25. However, the SL for the remaining is at BE but will trail it based on what what the market does.
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kalvind Sep 10, 2010 3:58am | Post# 13903

audcad Big Boss
 
Worker: I see BEOB 03/09, two SS 08/09 and 09/09 at R0.9600. Price broke immediate TL and retest by two SS.
Boss: Last week rejected R0.9600. Now this candle is controlling price action.
If price break low of last week at 0.9407, I'll wait PASR to trade short.
I agree with you entirely I will watch how the weekly closes, the 0.9600 has proven in the past to be great for PASR. The Big Boss has had a triple top at the 0.9800 above which is where I would place my SL.
If the weekly closes with a shooting star, I will go short as this is PASR and where I would expect to see a shooting star?
If the weekly closes above the 0.9600 I will wait to see if it has enough energy to get to the next SR level around 0.9800 as the momentum has been stong up to now.
Any comments are welcome.

kalvind Sep 10, 2010 4:04am | Post# 13904

eurcad
 
1st TP hit last night.

Last TP is at ~1.25. However, the SL for the remaining is at BE but will trail it based on what what the market does.
Soso, thanks for sharing this trade from your intital setup to TP1 it's been a great learning experience.
Kalvin

soso Sep 10, 2010 4:38am | Post# 13905

USDCAD Weekly
 
1 Attachment(s)
Trendlines through Closes rule here at the moment. If it closes below current one we might see a test of the bottom of the range at 1.0000.
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msmarple Sep 10, 2010 5:01am | Post# 13906

Mystery chart ;-)
 
I see some similarity in structure to post#870, page 58....but I could be wrong.

msmarple Sep 10, 2010 5:05am | Post# 13907

Hello
 
I would like to thank Strat for this extraordinary thread. I am currently reading from post #1, plus all the sticky summaries etc.

Just wanted to say hello and thank you, in case you see me " lurking " during the next few days/weeks.

At the moment page 60-

Thank you.

stgeorge Sep 10, 2010 6:08am | Post# 13908

Daily Trading Range of the USD GBP over the past 5 Years
 
Hi Everyone
Haven't had a chance to post for a while but I was prompted by the withdrawl of Strats ramblings!

Okay so this is not PASR but it is essential for beginners to know what the market is capable of doing to you.

The figures are based on the daily highs and lows for the past 5 years of trading the USD and GBP.

Daily PIP Movement as a percentage based on 1193 records

The minimum movement over the period is .42 pips

42 to 100 pips 15%
101-125 pips 15.9%
126 - 150 pips 17%
151 - 175 pips 12%
176 - 200 pips 11.5%
201 - 250 pips 12.5%
251 - 300 pips 7%
300 - 400 pips 5.5%
400 - 1060 pips 3.6.%

It shows that the volatility on a day to day basis is probably a great deal more than you think. 50% of the time the market moves by up to 150 pips!

You need to take this into account when you are looking at how much you are prepared to loose and where to put the stop loss to ensure you are not bounced out of a good trade by the big boys.

Hope this is of use

By the way still re reading the thread it's gowing faster than I can take it in!

GibsonL6 Sep 10, 2010 7:22am | Post# 13909

Be Careful
 
Worker: I see BEOB 03/09, two SS 08/09 and 09/09 at R0.9600. Price broke immediate TL and retest by two SS.
Boss: Last week rejected R0.9600. Now this candle is controlling price action.
If price break low of last week at 0.9407, I'll wait PASR to trade short.
Hi Glasso.

Be careful thinking short here!
All 3 time frames are in uptrend.
94.50 area is a Major S/R level, which is where the Big Boys love to play.
Have a look at your MA's, something is wrong with them.

GibsonL6 Sep 10, 2010 7:39am | Post# 13910

I agree with you entirely I will watch how the weekly closes, the 0.9600 has proven in the past to be great for PASR. The Big Boss has had a triple top at the 0.9800 above which is where I would place my SL.
If the weekly closes with a shooting star, I will go short as this is PASR and where I would expect to see a shooting star?
If the weekly closes above the 0.9600 I will wait to see if it has enough energy to get to the next SR level around 0.9800 as the momentum has been stong up to now.
Any comments are welcome.
Hi Kalvind.

Shooting Stars need to be in the correct location to be called Shooting Stars. On my data, last weeks candle is still in control

kalvind Sep 10, 2010 8:28am | Post# 13911

audcad earlier mistake
 
Hi Kalvind.

Shooting Stars need to be in the correct location to be called Shooting Stars. On my data, last weeks candle is still in control
Apologies folkes I was looking at the BB chart when I mentioned the weekly, please ignore my earlier comment will be more attentive from now as the last thing I want to do is waste anyones time.

As I was looking at the BB chart, the shooting star would still be valid on this TF but hey we have nearly three weeks to go on this candle formation so it is as much use as an ashtray on a motorbike.

Yes you are right last weeks candle is in control.

djr Sep 10, 2010 9:02am | Post# 13912

Gbpchf..pasr + luck
 
3 Attachment(s)
This trade was discussed before, but after I entered.

Retrospectively, this was a lucky counter trend trade, but achievement for me was to plan it with observations below, execute mechanically and when faced with the trade going against me for the 1st day, to not chicken out and close the trade for 3 pips...(I almost did), and let it ride. Working on the fear still. Only had 1 lot and target was 100 pips.. (Strat in my ear saying 2 lots, dammit, and take the 100 pips and let the next lot run to R @ 1.5840)....next time for sure.

Entry - @ 1.5605 above daily hammer
SL - 100 pips @ 1.5500 below strong S and body of hammer and FE 100
Target - just below top of prior 4 bars @ 1.5700. 100 pips R:R = 1:1


Heads-up for entry long : PASR .... ATM

W - hammer at S after down trend rejecting 1.5550 4x previously...sellers tried were strongly rejected, also = 100% FE from prior down @ 1.5525, and targeting a bounce off the 20

B - definitely down trend, triple bottom at 1.5550

BB - down trend triple bottom from Dec 2008 at said 1.5550.

This pair has a history of bouncing at least 3 times before breaking levels. so I thought it possible.

Chainsaws ready???
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strat Sep 10, 2010 9:42am | Post# 13913

Bottom picker
 
This trade was discussed before, but after I entered.

Retrospectively, this was a lucky counter trend trade, but achievement for me was to plan it with observations below, execute mechanically and when faced with the trade going against me for the 1st day, to not chicken out and close the trade for 3 pips...(I almost did), and let it ride. Working on the fear still. Only had 1 lot and target was 100 pips.. (Strat in my ear saying 2 lots, dammit, and take the 100 pips and let the next lot run to R @...
Trading tops and bottoms and fighting the trend are guaranteed to blow your account.

glasso Sep 10, 2010 10:33am | Post# 13914

Hi Glasso.

Be careful thinking short here!
All 3 time frames are in uptrend.
94.50 area is a Major S/R level, which is where the Big Boys love to play.
Have a look at your MA's, something is wrong with them.
I'll trade with immediate trend on weekly. When price break low of last week at 0.9407, it also break R0.9450, we'll see immediate trend down on weekly.

geniusztc Sep 11, 2010 5:11am | Post# 13915

In case you missed it, start at page 444 on Jacko's thread where you will witness a discussion between two of the most successful and respected traders here on FF - Wayne Jackson (Jacko) and Jim of James 16.

Nothing further needs to be said.

Rock n Roll,
Strat
i am so sorry to disturb you ,but i can not find the thread that strat want us to look. can anyone help me ,and give me a link. thank you

KungFuFX Sep 11, 2010 5:36am | Post# 13916

Activer, thank you for helping.

Yebisu Sep 11, 2010 6:11am | Post# 13917

link.......
 
i am so sorry to disturb you ,but i can not find the thread that strat want us to look. can anyone help me ,and give me a link. thank you

Here you go.
http://www.forexfactory.com/showthre...27286&page=444

geniusztc Sep 11, 2010 7:05am | Post# 13918


thank you very much

geniusztc Sep 11, 2010 3:28pm | Post# 13919

strat,something confused me
 
hello,strat.i am learning your website about PASR.and it is great and useful.
but there is something that i can not understand .can you explain them for me ? thank you

In the Power of Time Framesplate, i learned : "With the BIG BOSS and BOSS
now in harmony (both moving together in the same direction) we drop down to the Worker."
so , i think we should attention both BOSS and BIG BOSS at the same time .
But in Time Framesplate, i learned that : "but as regards our trading decisions
on the Daily, since the Monthly is two time frames higher (and controls the Weekly), we can
disregard this." so ,can i disregard the monthly chart (BIG BOSS) ? It is
contradictory.

As strat said :"If you have understood everything so far, you should realize that the
BOSS support and resistance levels are those which the Daily moves up and down against.
These then are YOUR major support and resistance levels." so we should look for the
S&R from the BOSS???!!! But I just remember (i am not sure) that strat once
said that we can not look for the S&R in a different frame, just like we
can not look for the worker's S&R in a 4h chart .

poncho1 Sep 11, 2010 3:43pm | Post# 13920

RE: confusion
 
[quote=geniusztc;4015545]hello,strat.i am learning your website about PASR.and it is great and useful.


Hello geniusztc,

We take our major S/R lines from the Boss chart, although you may find they show up on other time frames. You can use lower time frames to identify where there may be a Strat "wobble". Hope this helps. Strat may come along with a more detailed answer.

Still Studying ,

Poncho


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