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  • #601
  • Mar 17, 2009 9:17pm Mar 17, 2009 9:17pm
Strat -

I saw a comment you made about being in China and being 18 hours ahead of EST.

I am in Shanghai myself and you actually are only 12 hours ahead of EST.

Jet lag, mao tai and KTVs will often make you lose track of time here.
"Money is easy to make, but hard to keep" - FWV 1975
  • #602
  • Mar 17, 2009 10:20pm Mar 17, 2009 10:20pm
Quoting strat
All I see is green with upward momentum - where do you get your crystal ball from - mine obviously needs replacing!

Rock n Roll,
Strat
No crystal ball here, just like what you're telling.... read the PA

The way i see it, the previous immediate candles always had some story to tell which always come into a chapter conclusion, before starting a new one...

Hope i understand correctly what it's telling me though
There's a POT of GOLD at the END of the RAINBOW!!
  • #603
  • Mar 18, 2009 1:37am Mar 18, 2009 1:37am
Quoting bjohn34
Strat -

I saw a comment you made about being in China and being 18 hours ahead of EST.

I am in Shanghai myself and you actually are only 12 hours ahead of EST.

Jet lag, mao tai and KTVs will often make you lose track of time here.
I was in Shanghai for 5 days last week - stayed at the Astor House Hotel!

OK, so I look at my computer time and it says 11:30pm PST, I look at the time here in China and it is 2:30pm, so if I can still do my maths, that is 15 hours time difference. I then add 3 hours for EST and that gets it to 18 hours.

Plus when we landed in China UA told us we were 15 hours ahead of San Francisco.

Is there a TV channel here that shows EPL?

Rock n Roll,
Strat
15 YEARS OF PASR ON FOREX FACTORY!
  • #604
  • Mar 18, 2009 1:40am Mar 18, 2009 1:40am
Quoting haribon2008
No crystal ball here, just like what you're telling.... read the PA

The way i see it, the previous immediate candles always had some story to tell which always come into a chapter conclusion, before starting a new one...

Hope i understand correctly what it's telling me though
Sure, it's going to go down but can you last through the drawdown until it does?

Are you sure you are reading the right book?

Rock n Roll,
Strat
15 YEARS OF PASR ON FOREX FACTORY!
  • #605
  • Mar 18, 2009 1:50am Mar 18, 2009 1:50am
The index that Lance so very kindly put together is his first stab. He has asked me if it needs changes/additions etc., but I'm really the wrong guy to ask. The Index is there to act as YOUR Reference Bible so if you think it needs changing or something adding then please, don't be shy, let him know.

This thread is for everyone's learning experience. I started it so that those new and with less experience could learn from my mistakes and avoid losing their savings.

This thread is also open to anyone to ask questions. I do not pretend to know all the answers and will be the first to tell you when I don't, but I will try and find out and get back to you.

Rock n Roll,
Strat
15 YEARS OF PASR ON FOREX FACTORY!
  • #606
  • Mar 18, 2009 1:51am Mar 18, 2009 1:51am
Quoting strat
Sure, it's going to go down but can you last through the drawdown until it does?

Are you sure you are reading the right book?

Rock n Roll,
Strat

hope so... but we all can't really tell what will transpire from here onwards, what i am anticipating is just some retracement or if not, will just decide as things develops, i'm tightening SL now to 60, TP1=100...

let's see how LONDON reacts on this one, boring market so far ... either scalp it or keep out.
There's a POT of GOLD at the END of the RAINBOW!!
  • #607
  • Edited 1:59am Mar 18, 2009 1:58am | Edited 1:59am
Quoting haribon2008
hope so... but we all can't really tell what will transpire from here onwards, what i am anticipating is just some retracement or if not, will just decide as things develops, i'm tightening SL now to 60, TP1=100...

let's see how LONDON reacts on this one, boring market so far ... either scalp it or keep out.
Exactly - but London are not high volume traders of USDJPY - they focus on EURUSD and GBPUSD.

New York have higher volume of USDJPY so it's those guys that make it really move so stay up late and watch those guys!

It's back at resistance so who knows? - I don't see any price action telling us what to do
15 YEARS OF PASR ON FOREX FACTORY!
  • #608
  • Mar 18, 2009 2:06am Mar 18, 2009 2:06am
EUR/GBP news are coming and USD later, most players are at bay now....

(thinking of putting some stradles)
There's a POT of GOLD at the END of the RAINBOW!!
  • #609
  • Mar 18, 2009 2:15am Mar 18, 2009 2:15am
So now I know that only a very few of you are really reading and learning. How? I keep saying things and adding things to stimulate questions and they are all being ignored. Seems like I have to increase the volume and intensity to arouse your imaginations. Or maybe you guys know it all and I'm just practicing my typing skills?

If you are here to lurk, then lurk away (I was going to write lurk off but then I thought it might upset someone, so didn't write it!) but if you are here to really learn, then learn as if your life depended on it. Do NOT flash read. Read each post and then ask yourself if you understand what was said or if you agree with what was said. If you don't, then ask! Back in my mechanical engineering apprenticeship just a few years ago, we used to have written at the bottom of each drawing "IF IN DOUBT, ASK"

If you don't ask, then how are you supposed to learn? For those that are shy or think they may be asking a stupid or dumb question, then don't worry, I am the King of asking stupid questions. We all have to start and learn somewhere so this is your place.

As I said before, I am also learning from your questions. Things that I take for granted or are hidden in the porridge between my ears are brought out in the open again and then I start thinking about them.
15 YEARS OF PASR ON FOREX FACTORY!
  • #610
  • Mar 18, 2009 2:17am Mar 18, 2009 2:17am
Quoting haribon2008
EUR/GBP news are coming and USD later, most players are at bay now....

(thinking of putting some straddles)
What's that? Isn't it something that goes on a horse?
15 YEARS OF PASR ON FOREX FACTORY!
  • #611
  • Mar 18, 2009 2:23am Mar 18, 2009 2:23am
Quoting strat
What's that? Isn't it something that goes on a horse?
LOL, it's something i put into play at newstime
to gain and loose pips on spikes, sort of having fun at newsbreaks,
usually with postive gains...

but i think it's out of context on this thread, so i'll rather not discuss it.
There's a POT of GOLD at the END of the RAINBOW!!
  • #612
  • Edited 2:40am Mar 18, 2009 2:27am | Edited 2:40am
Quoting strat
I was in Shanghai for 5 days last week - stayed at the Astor House Hotel!

OK, so I look at my computer time and it says 11:30pm PST, I look at the time here in China and it is 2:30pm, so if I can still do my maths, that is 15 hours time difference. I then add 3 hours for EST and that gets it to 18 hours.

Plus when we landed in China UA told us we were 15 hours ahead of San Francisco.

Is there a TV channel here that shows EPL?

Rock n Roll,
Strat
Strat -

You're doing your math backwards. The world rotates the other way. The sun gets to NY before it gets to the West Coast. Should subtract three hours from your PST 15 to get 12. When US is on DST, difference from China to EST is 11 hours.

I run the free version of Qlock( http://www.qlock.com/download/ and keep it on top on my screen all the time with Shanghai, GMT and NY time showing.

Also, you can look any time at http://www.timeanddate.com/worldclock/ for current time in major cities.

I've been in China for more than 10 years so I'm pretty sure.
"Money is easy to make, but hard to keep" - FWV 1975
  • #613
  • Mar 18, 2009 2:31am Mar 18, 2009 2:31am
closing U/J... shifting plays, have a great day folks
There's a POT of GOLD at the END of the RAINBOW!!
  • #614
  • Mar 18, 2009 2:54am Mar 18, 2009 2:54am
Strat,

I'm i correct that you are thinking that E/J is going to tank today?

Rafael
  • #615
  • Edited 3:20am Mar 18, 2009 3:04am | Edited 3:20am
Quoting strat
Here are where I see opportunities as of 6:37pm PST (added for Wheelz!)

AUDUSD - retrace expected - watch where it goes and what it does - if it is a higher low - buy - this is confirming the immediate uptrend - BUT - if it doesn't hold - then?

Look for price to break the previous swing low and continue overall downtrend.

EURGBP - watch what happens as it hits resistance (again) - this pair is bullish

If it breaks the resistance of those candles two or three previous, look for a break long and a test of resistance above .9400 and at .9500.

EURJPY - keeps on going up and up

Watch how price responds to major resistance and psycho at 130.

EURUSD - same comments as Oz$

Keep an eye out for bearish price action. Price has been kept down by the 1.3075 resistance. Last candle to close was an inside bar, meaning profit taking or buyers losing interest. Keep in mind BOSS 20 is right above 1.3075, daring price to make a move.

GBPCHF - bouncing off resistance but the 20 is holding him up

Bulls are finished, but bears want a close below the 20 before selling and continuing the downtrend. Price was rejected by BOSS 20, and the 20 has crossed below the 50, telling us to expect lower prices in the future.

GBPJPY - caught between BOSS 20 and 20 - but looking bearish

Bears want a close below 137.80 before selling. Resistance at 140, also a major psycho, held price down. Target 1.3600 support and psycho on entries short. No entry until a close is confirmed below 137.80.

GBPUSD - back in the trend

Sell stops in place below inside bar doji (Last candle). This would be below 1.3960. Price was rejected by the 50% fib, 1.4220 and 1.4070 resistances, and the 20 and 50. Targets should be at 1.3650, the previous low.

USDCAD - looking for support to have yet another go at all that resistance

Strong support at 1.2650. Wait for price to reveal a reversal candle that closes above the 20. Entries long above said candle would target the 1.3000 area.

USDCHF - trying to gather momentum for a push North (watch out Alaska!)

Wait for price to retrace back to the 20 and 50. If it form PA on top of these place long entries above that candle with stops below the 50.

USDJPY - having another go at head banging with resistance - stay out until it reveals itself

What else can be said? Price action is king!
This is my personal attempt at analyzing your stimulating pair summary. Here is an object lesson waiting to happen!

Consider these questions.
Bang.
  • #616
  • Edited 7:45am Mar 18, 2009 3:08am | Edited 7:45am
Quoting wbemsms
Strat,

I'm i correct that you are thinking that E/J is going to tank today?

Rafael
Whatever gave you that impression? I think I have written at least 3 times

"It keeps on going up 'til it stops going up"

The North bound train can't go anywhere but North until it STOPS in the station, gets on the turntable and turns around to go South.

I haven't seen it approaching the station yet!
15 YEARS OF PASR ON FOREX FACTORY!
  • #617
  • Mar 18, 2009 3:11am Mar 18, 2009 3:11am
Hmm, I wonder what you lot will make of this?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd support & resistance.gif Size: 20 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #618
  • Mar 18, 2009 3:30am Mar 18, 2009 3:30am
Quoting strat
So now I know that only a very few of you are really reading and learning. How? I keep saying things and adding things to stimulate questions and they are all being ignored. Seems like I have to increase the volume and intensity to arouse your imaginations. Or maybe you guys know it all and I'm just practicing my typing skills?

If you are here to lurk, then lurk away (I was going to write lurk off but then I thought it might upset someone, so didn't write it!) but if you are here to really learn, then learn as if your life depended on it. Do NOT...
Hey Strat and all-
Been lurking but trying to learn from everyone. Been taking your posts and looking at the charts to see if I can see what you are seeing. See?
Thanks for all your insights Strat!
  • #619
  • Mar 18, 2009 3:31am Mar 18, 2009 3:31am
Quoting bjohn34
Strat -

You're doing your math backwards. The world rotates the other way. The sun gets to NY before it gets to the West Coast. Should subtract three hours from your PST 15 to get 12. When US is on DST, difference from China to EST is 11 hours.

I run the free version of Qlock( http://www.qlock.com/download/ and keep it on top on my screen all the time with Shanghai, GMT and NY time showing.

Also, you can look any time at http://www.timeanddate.com/worldclock/...
Thanks bjohn34,

Well what a dumb sh*t I am! I have all those clocks in my Bookmarks and never look at them - not to mention that ball of fire in the sky!

Maybe I need to check my trading now that I don't know diddly squat!

Since you said math, you won't know what EPL is so méi wèn tí

xie xie
15 YEARS OF PASR ON FOREX FACTORY!
  • #620
  • Mar 18, 2009 3:59am Mar 18, 2009 3:59am
Quoting AminAS
This is my personal attempt at analyzing your stimulating pair summary. Here is an object lesson waiting to happen!

Consider these questions.
Hey, are you looking over my shoulder or tapped into my computer or something?

Great job AminAS!

You have just nominated yourself to do the End of Week analysis!
15 YEARS OF PASR ON FOREX FACTORY!
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