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  • #7,221
  • Sep 30, 2018 9:18am Sep 30, 2018 9:18am
EURAUD

Quoting windofmarch
EUR / AUD Hammer on the Big Boss, rejected by monthly and weekly resistance levels. Will the trend be reversed? {image} {image}
There is NO HAMMER on the Big Boss!

Did you read, learn and understand my recent posts on Hammers and Shooting Stars? Obviously NOT!

Are you on THE PATH?

Thank you Rub for doing better than this guy - TRADERS HELPING TRADERS
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,222
  • Sep 30, 2018 9:28am Sep 30, 2018 9:28am
Quoting brian661
EURJPY Big boss : last month price was supported by Strat shadow and support. This month price formed a BUEB Boss : Last week price break WCC and the previous high. While this week is a doji Worker : Retest on previous high and supported as a new support with the Strat shadow Looks like a signal for entering buy? {image} {image} {image}
EURJPY
brian661 as i see your charts there no signal to buy ,both Boss and Worker ended in dogi candles which means indecision and balance beteween buyers and sellers for the last week. So in my point of view you have to see a confirmed PASR to ender long.
  • #7,223
  • Sep 30, 2018 9:51am Sep 30, 2018 9:51am
Quoting strat
EURAUD {quote} There is NO HAMMER on the Big Boss! Did you read, learn and understand my recent posts on Hammers and Shooting Stars? Obviously NOT! Are you on THE PATH? Thank you Rub for doing better than this guy - TRADERS HELPING TRADERS
thanks Strat
Frank
  • #7,224
  • Sep 30, 2018 11:30am Sep 30, 2018 11:30am
Quoting strat
{quote} Sorry, don't know who he is - its just one of many I have done over the years. More important is the Welsh "Cap" in the frame.
So, whats the cap Strat? Is it school or military (or cub scouts? ) and why Welsh I thought you were of more northern background.
If you can wait and not be tired by waiting...
  • #7,225
  • Sep 30, 2018 12:01pm Sep 30, 2018 12:01pm
Quoting glyder
{quote} So, whats the cap Strat? Is it school or military (or cub scouts? ) and why Welsh I thought you were of more northern background.
It is the first cap of my father in law, William Martin (Billy) Banks for playing for Wales.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,226
  • Sep 30, 2018 1:16pm Sep 30, 2018 1:16pm
Quoting strat
{quote} It is the first cap of my father in law, William Martin (Billy) Banks for playing for Wales.
Well that is very impressive ! I go to see Wales play quite often at the millennium stadium, Cardiff (he was a bit before my time of course).
If you can wait and not be tired by waiting...
  • #7,227
  • Sep 30, 2018 6:21pm Sep 30, 2018 6:21pm
Quoting brian661
EURJPY Big boss : last month price was supported by Strat shadow and support. This month price formed a BUEB Boss : Last week price break WCC and the previous high. While this week is a doji Worker : Retest on previous high and supported as a new support with the Strat shadow Looks like a signal for entering buy? {image} {image} {image}
Hi Brian,

I agree with macuba. There is no Bullish PASR yet. Current price is testing SR around 132. The latest Daily PA was a BEEOB against SR around 133 on my chart. So before any real Bullish PASR the momentum of worker will be bearish, which is against Boss and Big Boss Direction, which means no trade.

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Plus, I do not really see any "WCC" on your chart.
  • #7,228
  • Sep 30, 2018 7:06pm Sep 30, 2018 7:06pm
USDCAD

BB

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BEEOB Testing on Strat Shadow support. It really looks like a flag pattern.


B

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A BEEOB followed by a long bar crossing the strat shadow, then followed by a doji that retest the strat shadow as resistance. There seems to have a lot of seller right now. However, intermediate trend on the current chart is still making higher highs.


W

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A shooting star followed by a BEEB confirmation on Strat shadow but hitting all the way to support that tested twice. Then the gap messed everything up. I am going to wait to see if there is any PASR that confirm the 1.29 resistant.
  • #7,229
  • Oct 1, 2018 1:23am Oct 1, 2018 1:23am
Quoting huatzhi
USDCAD BB {image} BEEOB Testing on Strat Shadow support. It really looks like a flag pattern. B {image} {image} A BEEOB followed by a long bar crossing the strat shadow, then followed by a doji that retest the strat shadow as resistance. There seems to have a lot of seller right now. However, intermediate trend on the current chart is still making higher highs. W {image} A shooting star followed by a BEEB confirmation on Strat shadow but hitting all the way to support that tested twice. Then the gap messed everything up. I am going to wait to see...
That sounds like the right course of action to me, there may very well be a retest. As I said before, your discipline to stay out is admirable. That's probably the biggest thing I'm struggling with.
  • #7,230
  • Edited 5:48am Oct 1, 2018 1:42am | Edited 5:48am
Quoting huatzhi
USDCAD BB {image} BEEOB Testing on Strat Shadow support. It really looks like a flag pattern. B {image} {image} A BEEOB followed by a long bar crossing the strat shadow, then followed by a doji that retest the strat shadow as resistance. There seems to have a lot of seller right now. However, intermediate trend on the current chart is still making higher highs. W {image} A shooting star followed by a BEEB confirmation on Strat shadow but hitting all the way to support that tested twice. Then the gap messed everything up. I am going to wait to see...
Good morning huatzhi,

I also had a look at this pair last week.
Here is what I observed:

Big Boss: is in an downtrend in my opinion as we see LH and LL since the beginning of 2016. You are right, price stopped at support (20 EMA) but we have to wait what price is doing next. So for me no bullish signal. I also see a resistance area (see boss chart below) that is not on your chart, where price stopped twice.

Boss: since price stopped at restistance at the end of June, so price is in a downtrend in my point of view. Seems like seller are back since beginning of July (see BEEB). Since that time we se LH and LL. Price at the moment also below WCC. So the Boss is sending bearish signals to me.

Worker: look at the bearish candle last Friday. Although price went up last week, sellers came back immediatly when price closed close to the 72 EMA.
As mentioned above, price is below all EMA (20/72/200) and below WCC, too. I see next support at the level of arround 1,27.

Boss:
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  • #7,231
  • Oct 1, 2018 5:13am Oct 1, 2018 5:13am
Unless there is broker differences, It look like hammer? the wick is more than twice the size of the body.
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  • #7,232
  • Oct 1, 2018 5:39am Oct 1, 2018 5:39am
hello huatzhi
from my analysis the boss is in uptrend...this down move is like a corrective movement for me and now is sitting on support..
becarefull for a short position on this pair..if break 1.2800 area..the next support is at 1.2600 area...

maybe a break below 1.2600 area might confirm the bear is back...
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  • #7,233
  • Oct 1, 2018 5:44am Oct 1, 2018 5:44am
manage to catch this position today...

price sitting on support and close above the strat shadow with PA...still watching will it break below or continue going up..if break below then close it and wait for the next PA...
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  • #7,234
  • Oct 1, 2018 5:56am Oct 1, 2018 5:56am
Quoting An_Lie88
manage to catch this position today... price sitting on support and close above the strat shadow with PA...still watching will it break below or continue going up..if break below then close it and wait for the next PA... {image}
hi
do you have that on your chart?
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  • #7,235
  • Oct 1, 2018 6:00am Oct 1, 2018 6:00am
thanks macuba and huatzhi,
I would to learn what other member are waiting for a enter on.

Quoting macuba
{quote} EURJPY brian661 as i see your charts there no signal to buy ,both Boss and Worker ended in dogi candles which means indecision and balance beteween buyers and sellers for the last week. So in my point of view you have to see a confirmed PASR to ender long.
I though is a pull back candle because it touch shadow and went back with a long leg.
But maybe you are right, it was a doji instead.
Whne you say "see a confirmed PASR to ender long", what you expect to see?
How about today a close above the yesterday high on ( BUEB daily chart) ?

Quoting huatzhi
{quote} Hi Brian, I agree with macuba. There is no Bullish PASR yet. Current price is testing SR around 132. The latest Daily PA was a BEEOB against SR around 133 on my chart. So before any real Bullish PASR the momentum of worker will be bearish, which is against Boss and Big Boss Direction, which means no trade. {image} Plus, I do not really see any "WCC" on your chart.
May you talk about what you mean "real Bullish PASR ", do you expect a PA above your red line support?
My WCC is the red rectangle on the Weekly chart.
  • #7,236
  • Edited 6:46am Oct 1, 2018 6:21am | Edited 6:46am
Quoting bistolis
{quote} hi do you have that on your chart? {image}
hello bistolis..yup i have that mine on 149.00 round number.. thanks for the reminder
  • #7,237
  • Oct 1, 2018 6:49am Oct 1, 2018 6:49am
Quoting An_Lie88
{quote} hello bistolis..yup i have that mine on 149.00 round number.. thanks for the reminder
well it shouldnt be a reminder. your plan should be to close that trade with a nice profit. and that S/R would provide you a 3:1 RR for your entry point
  • #7,238
  • Oct 1, 2018 7:08am Oct 1, 2018 7:08am
Quoting menek
Unless there is broker differences, It look like hammer? the wick is more than twice the size of the body. {image}
This is definitely not a hammer. A hammer should be at the bottom of a downtrend, not at the top of an uptrend.
  • #7,239
  • Oct 1, 2018 7:30am Oct 1, 2018 7:30am
Quoting menek
Unless there is broker differences, It look like hammer? the wick is more than twice the size of the body. {image}
It does look like one of our signals but not a hammer. It is a shooting star.
  • #7,240
  • Oct 1, 2018 7:49am Oct 1, 2018 7:49am
GBP is dangerous for M5 traders
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I was looking at this chart for an hour now and I wasnt convinced to go short because of support on my chart. I think PASR protected my capital there
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