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  • #901
  • Mar 20, 2009 11:33am Mar 20, 2009 11:33am
Quoting Swami S
UJ above 95 did anyone see the space there?
Gj inverted H&S 4hr....ahem...
EG space to retrace.
Scout deployed on orders from the boss to enter no mans land between 137.40 and 90.
Although recovery biult on rice paper seems to be an appetite for it.
If now free scout dies will be looking anywhere between 134.15 and 132.90 for another scout possibly main force.

Hey G nice to see you enthusiastic and explaining something fairly unlike you, a counter trend low yield play. Excellent to see the three headed approah rolling out. B&B ontrend rollers,...
Hey magic man, are you related to Baba G? Seems like you speak the same lingo - where can we buy the translation book?
15 YEARS OF PASR ON FOREX FACTORY!
  • #902
  • Mar 20, 2009 11:36am Mar 20, 2009 11:36am
Assholes at work. But they cant always hide thier manouvers, thats when we get to do the raping. Makes you feel good about yourself.

This is my Equinox gift to my new friends on this thread and to the man in the mirror with the shiny cup.

Swami S
Attached Image (click to enlarge)
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GOD IS NOT SHORT OF CASH
  • #903
  • Mar 20, 2009 11:40am Mar 20, 2009 11:40am
Quoting strat
Hey magic man, are you related to Baba G? Seems like you speak the same lingo - where can we buy the translation book?
Don't worry the transmission from our domain in the 4th dimension will become clearer as Aquarius unfolds .
GOD IS NOT SHORT OF CASH
  • #904
  • Mar 20, 2009 11:41am Mar 20, 2009 11:41am
Quoting thegunslinger
Sup folks,

Still reading this thread but after the big run up on Wednesday, I decided to take the rest of the week off from trading analysis....
tgs, what with you, Baba G and Swami I'm beginning to think I've landed on another planet!

What the hell is "Sup"? Is it a typo? I need to get a new dictionary or something!

Why don't you hold off on your analysis and wait for Amin to do his End of Week analysis and then comment on that? Saves time and space etc.
15 YEARS OF PASR ON FOREX FACTORY!
  • #905
  • Mar 20, 2009 11:48am Mar 20, 2009 11:48am
Quoting Naws
What I am seeing here is the same effect that occurs with SR lines also happens with trendlines - previous support becomes resistance and vice versa

You can see that after the first trendline broke, the price went up to retest the line and used it as upper resistance. The same happened with the second line, SR and trendlines tend to switch polarity when they are broken.
Another thing I see is that price broke the trendlines at the same point that it broke the MA`s, that might be significant.

Also I`d like to say thanks to rogueforex and strat...
You stated the obvious Naws but maybe for some it isn't obvious. No, that's not it, not even close but at least, YOU PUT THE EFFORT IN! Good job!

By the way, you never replied on the target for the H & S pattern

OK, where does Naws come from and why?
15 YEARS OF PASR ON FOREX FACTORY!
  • #906
  • Mar 20, 2009 11:49am Mar 20, 2009 11:49am
Dear Mr Strat,

Sup I believe is short for Whats up dudes?

Can I suggest a Queens English only rule:nerd: could save time.

as for saving space you have close to 1000 posts in under a month this is rapidly becoming a phenomenon . Thats a unique event to the non natives

sincerely,
S. S.

p.s. its that Friday feelin (feeling)
GOD IS NOT SHORT OF CASH
  • #907
  • Mar 20, 2009 11:50am Mar 20, 2009 11:50am
Quoting el_duende
Hi Naws

I am glad you posted that, as that was my observations too about strats post escpecially about trendlines becoming resistance after support.

I also notice something else at area marked 3 on the chart

At this point trendline becomes support (line 1)
Also hits a major resistance (big green line)
Also the daily 20 also acts as resistance (dotted red line)
All VERY GOOD OBSERVATIONS but these happened after the fact!
15 YEARS OF PASR ON FOREX FACTORY!
  • #908
  • Mar 20, 2009 11:54am Mar 20, 2009 11:54am
With regards to Strats original chart

I created another trendline, this also breaks at boss 20 too. Is this a valid area of interest too?
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  • #909
  • Mar 20, 2009 12:01pm Mar 20, 2009 12:01pm
Quoting Bloom
Why, when you become uber profitable, would you choose to throw it all away?
Because, trading being a ZERO SUM GAME (BUSINESS), we need SOMEBODY to be the other side of our trades!

At least you've got yer 'ed on right, Bloom!
15 YEARS OF PASR ON FOREX FACTORY!
  • #910
  • Edited 6:01pm Mar 20, 2009 12:02pm | Edited 6:01pm
I sold some Yens this morning and had some success.
Here is USDJPY long which I really liked because it was off the 50% fib and a strong daily resistance level I had marked around 93.35. It puts us back above the 20ma so maybe it could have legs to go higher too.
I was pretty nervous buying dollars after the last few days but very happy my STRAT-egy is working out.
Thanks Big Guy
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  • #911
  • Mar 20, 2009 12:04pm Mar 20, 2009 12:04pm
Quoting Baba G
shame nice location USD CAD
Bloody hell, I understood that so I'd better reply!

No shame at all, pizza man! It's what we thought for a Friday (low volume day), an IB. Nothing lost. It's what we do with that IB that is the NEXT question!
15 YEARS OF PASR ON FOREX FACTORY!
  • #912
  • Mar 20, 2009 12:17pm Mar 20, 2009 12:17pm
Quoting strat
Lance, you're killing me! You can find in an hour what took me years to find?

Either you are blowing smoke up my tail pipe or you have only half a toe in the water!
I take it you are not questioning the fact I think I figured it out because you read my PM with my thoughts. Was I spot on?

and yes the water is cold, and deep...
  • #913
  • Mar 20, 2009 12:19pm Mar 20, 2009 12:19pm
Quoting el_duende
With regards to Strats original chart

I created another trendline, this also breaks at boss 20 too. Is this a valid area of interest too?
For those of you working on this, let me spark a thought... What if you could not see the price after the first circle?
  • #914
  • Mar 20, 2009 12:21pm Mar 20, 2009 12:21pm
Quoting el_duende
I am looking again

Is it at the 2 area circled price breaks the trendlines at exactly the time price hits the boss 20?

Is that the signifiance?

edit boss 20 gives clue as to when the trendline will be broken, at which point trendline becomes resistance rather than support?
El Dueno del Monte was another name given to El Duende. Those who saw him said he was about 3 feet tall and wore a wide brimmed hat.

What happened if the Duende caught you in the bush? Well, he would take you to his dwelling, which was a spot deeper in the woods, probably a cave. But there was a way to escape him. He only had four fingers, and no thumb, so if surprised by him, you could hide your thumb in the palm of your hands and he would think you are one of his, and he would leave you unharmed.

El Duende was identified by a piercing whistling, and that was his weakness. Anyone whistling in the bush was a target of an attack by him. That is why dad used to say: "Never whistle while you are in the bush, or you will be calling on the Duende to attack you."

I'm going to think twice now about venturing into the bush!

You're getting warm. Maybe if you had your thumb back you would get there!

At least you've got the wheels turning between your ears which is more than can be said for some of this lot!
15 YEARS OF PASR ON FOREX FACTORY!
  • #915
  • Mar 20, 2009 12:29pm Mar 20, 2009 12:29pm
Quoting strat
You stated the obvious Naws but maybe for some it isn't obvious. No, that's not it, not even close but at least, YOU PUT THE EFFORT IN! Good job!

By the way, you never replied on the target for the H & S pattern

OK, where does Naws come from and why?
Attached Image (click to enlarge)
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If price breaks the neckline at 141.70 it could go pretty far
the next resistance I see on the weekly is 148.40 then around 165.40

As for Naws, it is just a random screenname I started using a while ago and stuck with, no real meaning behind it
  • #916
  • Mar 20, 2009 12:31pm Mar 20, 2009 12:31pm
Quoting FxPippy
Hi Everyone - Newbie here, been reading and demo/paper trading for 6 months now. I'm not live trading yet & work fulltime....
Here you go, tgs - have a SUP on this!
15 YEARS OF PASR ON FOREX FACTORY!
  • #917
  • Mar 20, 2009 12:35pm Mar 20, 2009 12:35pm
Quoting Swami S
Assholes at work. But they cant always hide thier manouvers, thats when we get to do the raping. Makes you feel good about yourself.

This is my Equinox gift to my new friends on this thread and to the man in the mirror with the shiny cup.

Swami S
Thanks, magic man - I can tell you're going to be fun! Good trading and fun all bundled together in one package in Strat's Long Term Stress Free Trading
15 YEARS OF PASR ON FOREX FACTORY!
  • #918
  • Mar 20, 2009 12:46pm Mar 20, 2009 12:46pm
Quoting el_duende
With regards to Strats original chart

I created another trendline, this also breaks at boss 20 too. Is this a valid area of interest too?
Now that's not bad, but, do you know why you drew it? do you know what it is telling you? Do you know what to do with the information contained there?

Good job my thumbless friend!
15 YEARS OF PASR ON FOREX FACTORY!
  • #919
  • Mar 20, 2009 12:53pm Mar 20, 2009 12:53pm
Quoting strat
Tony - trading with only stochastics is NOT trading naked! It is trading with a FLAWED indicator. To use it as an OS and OB indicator is even worse! Have you seen where it is during a trend? Don't get me going on that useless piece of shit!

Also, it sounds like you are trying to follow several people - this is just as bad as trying to follow an indicator. Combining a bit from here and a bit from there will confuse the hell out of you.
Strat

I agree on the stocastic. I haven't looked at it for, well, a few years.

I don't follow several people nor do I combine a bit from here and a bit from there. I'm not sure what gave you that impression but if I misled you I apologise.

I do read and research however as I'm sure a lot of the group do, and what I have noticed is that the majority of writers say the same things regarding SL, S/R, clean charts etc. The same things you are teaching here, and James16 teaches on his thread. It's surely no fluke that, in their own style, successful traders are doing very similar things.

Hope that clears things up

TonyH
  • #920
  • Mar 20, 2009 12:53pm Mar 20, 2009 12:53pm
Quoting rogueforex
I take it you are not questioning the fact I think I figured it out because you read my PM with my thoughts. Was I spot on?

and yes the water is cold, and deep...
Much more than that my Excel Wiz, much more - keep doing a Del Shannon!
15 YEARS OF PASR ON FOREX FACTORY!
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