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  • #1,921
  • Apr 14, 2009 3:40pm Apr 14, 2009 3:40pm
Quoting haircut
PS am I the only Chelsea supporter!!!
Make that two. Cruised through to the semis!!
  • #1,922
  • Apr 14, 2009 4:03pm Apr 14, 2009 4:03pm
EUR/JPY

I'm using FXPro as it closes at 5pm EST and makes things a little easier. Daily BEOB right into the weekly PPZ at 131. There is some room to maneuver here into the daily PPZ at 128 as well as the BOSS 20 and 50SMA. As I mentioned in a prior post, last week may have represented the train trying to turn around and today's PA may have confirmed that.
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  • #1,923
  • Apr 14, 2009 4:04pm Apr 14, 2009 4:04pm
Quoting Life of Pi_p
Hi Strat. I've noticed that everyone uses different versions of MT4 and thus will have different moving average #s...do you suggest that we all get on the same platform or this is something where you trade what you see as J16 suggests?
You can only trade what is on YOUR chart - don't worry about what is on others - it will drive you crazy.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,924
  • Apr 14, 2009 4:15pm Apr 14, 2009 4:15pm
Quoting Life of Pi_p
A little over 1 hour till NY Close and EJ looking interesting as far as PA goes. The last week or so we may have been on the turntable. Have we turned around now? On my charts, we're digging into the 20MA and have a few hundred pips down till the BOSS 20. And oh yeah, this is huge...131 is a major level on the daily.
Now at Weekly and major support psycho 131.00. If it goes, there is support at 129.70ish which could cause it to re-test 131.00 as resistance. A close below today's bar will confirm BOSS candle on April 10 as swing high.

A move down to psycho 128.00 would then be on the cards.

Keep a watch on USDJPY as we are nearing a trend change.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,925
  • Apr 14, 2009 4:17pm Apr 14, 2009 4:17pm
Quoting Bloom
Make that two. Cruised through to the semis!!
"Cruised" - "Cruised" you say - you two must be bald and toothless after agonising your way through that!

But what an advert for ENGLISH FOOTBALL!
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,926
  • Apr 14, 2009 4:19pm Apr 14, 2009 4:19pm
Quoting Life of Pi_p
EUR/JPY

I'm using FXPro as it closes at 5pm EST and makes things a little easier. Daily BEOB right into the weekly PPZ at 131. There is some room to maneuver here into the daily PPZ at 128 as well as the BOSS 20 and 50SMA. As I mentioned in a prior post, last week may have represented the train trying to turn around and today's PA may have confirmed that.
It needs a strong close below 131.00 and then let's see where we go. Ideally, I would like to see a re-test of 131.00 as resistance.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,927
  • Apr 14, 2009 4:22pm Apr 14, 2009 4:22pm
Quoting Bloom
Make that two. Cruised through to the semis!!
ha ha yeah never in doubt!!
  • #1,928
  • Apr 14, 2009 4:27pm Apr 14, 2009 4:27pm
USDJPY has closed below Weekly and major support at 99.25 and also CONFIRMED a BOSS swing top on April 10.

Now resting on support at psycho 99.00 with more support below at 98.25. Below that there is more support at 97.75 but if we can clear that it is open rail to 96.50

Notice how the 365 did it's job!
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,929
  • Apr 14, 2009 4:39pm Apr 14, 2009 4:39pm
There's that next very important support that I told you about many posts ago. So, right now, held up by 150, 1.2150 and 1.2050ish

Then, if she can battle through that, there is more important support at 1.1850ish
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,930
  • Apr 14, 2009 4:43pm Apr 14, 2009 4:43pm
Held up by 365 and that very important support at 1.1250.

The BOSS put in an unconfirmed swing high on April 10 so watch for a close below 1.1240 to confirm it
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,931
  • Apr 14, 2009 5:08pm Apr 14, 2009 5:08pm
Quoting foredog
Only just starting trading Forex after many years of FTSE stocks so I had no idea that EURUSD went back that far, i thought it was another Strat test to see who's on the ball.

Unfortunately i was on the wrong ball taking conversions when you're all playing football!
Afterdog - I like you and your humour - you'll do good on here - BUT, you haven't registered for The Path of Learning! How will you ever learn about FOOTBALL - the game where you kick the BALL with your FOOT if you don't register?
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,932
  • Edited 5:13pm Apr 14, 2009 5:12pm | Edited 5:13pm
Quoting paddyham
Thanks for the welcome guys,

So the handle PaddyHam.... no nothing to do with an Irish Pig! Met a group of girls on a night out. One of the girls said...you don't even know his name... to which she responded... its "Paddy Ham". No idea where that came from.... but my friends found it hilarious.

Why I chose 15m charts - I simply looked at the charts and saw the largest candles (and therefore profits :S ) at the London opening and NY opening. They looked the biggest on 15mins! I also always thought traders needed to be stressed out, needed 8...
""a list of acronyms would be good""

LANCE - is this something you can do and put on the INDEX? Thanks. If you need any help, get back to me.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,933
  • Apr 14, 2009 5:23pm Apr 14, 2009 5:23pm
Ok my 1st chart post

EURJPY - short on bottom of candle / stop at top of candle

  1. looks bearish after Bearish Engulfing Candle.
  2. Previous short term trend UP (hence reversal signal)
  3. top of engulfing pattern at previous resistance
  4. Bearish engulfing pattern engulfing previous two candles
  5. Entry on confirmation below the pattern
  6. However I'm not trading this due to risk /reward. Risk is Candle length. Target is previous support 128.2. Looks like a 1:1 risk/reward.

Did I analyse this correctly ??

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  • #1,934
  • Apr 14, 2009 5:52pm Apr 14, 2009 5:52pm
Holiday market needs to clear. More bars please.

''You can't rollerscate through a buffallo herd, you can't take a shower in a parakeet cage.''
Jim of J16.
GOD IS NOT SHORT OF CASH
  • #1,935
  • Apr 14, 2009 6:17pm Apr 14, 2009 6:17pm
Quoting paddyham
Ok my 1st chart post

EURJPY - short on bottom of candle / stop at top of candle

  1. looks bearish after Bearish Engulfing Candle.
  2. Previous short term trend UP (hence reversal signal)
  3. top of engulfing pattern at previous resistance
  4. Bearish engulfing pattern engulfing previous two candles
  5. Entry on confirmation below the pattern
  6. However I'm not trading this due to risk /reward. Risk is Candle length. Target is previous support 128.2. Looks like a 1:1 risk/reward.

Did I analyse this correctly ??

Yes, very good ESPECIALLY ""However I'm not trading this due to risk /reward. Risk is Candle length."" Thinking about how much you will LOSE before how much you will win shows you are well on track. Good job!

We need to see some more PA which will get us in with lower risk
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,936
  • Apr 14, 2009 7:30pm Apr 14, 2009 7:30pm
Strat

I am one of those "lurkers" you refer to but frankly i wont post until i have something positive to say.Very interested in learning so would subscribing to Lance,s PF be a start.

Thanks Gerard
  • #1,937
  • Apr 14, 2009 8:46pm Apr 14, 2009 8:46pm
Hi Strat,

I am also one of those lurkers. Like every newbie mistake, I blew 15k account trading options back in 2000. Ever since I have been looking at charts. I don't know what it is that kept me doing it, I just never get bored of looking at charts. Thank you for the trader helping traders. We have to learn the right to trade big.
  • #1,938
  • Apr 14, 2009 9:00pm Apr 14, 2009 9:00pm
This pair looks interesting to me. Possibly in a trend change. As you can see from the daily chart, it has been making higher highs and higher lows. It will have to make it over resistance at .7313 and .7420. Then it will come across the boss 50. I am watching it closely, as it may be the beginning of an uptrend.

Attached Image



Also on the weekly chart it is forming a double bottom. Yes it is a little messy. But if this pattern holds it should go for 800 pips, measuring from the neckline to the bottom of the formation. Will have to wait and see how it reacts to the 50 and watch for price action to clue us in on an entry.


Attached Image
  • #1,939
  • Apr 14, 2009 9:03pm Apr 14, 2009 9:03pm
Quoting Gerard212
Strat

I am one of those "lurkers" you refer to but frankly i wont post until i have something positive to say.Very interested in learning so would subscribing to Lance,s PF be a start.

Thanks Gerard
Posting is not important until you start on the Path of Learning. When you start on that path, you will learn when you need to post and when you post, we are here to help and teach. Go ahead and register with rogueforex on The Path of Learning.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,940
  • Apr 14, 2009 9:06pm Apr 14, 2009 9:06pm
Quoting patrick25
Hi Strat,

I am also one of those lurkers. Like every newbie mistake, I blew 15k account trading options back in 2000. Ever since I have been looking at charts. I don't know what it is that kept me doing it, I just never get bored of looking at charts. Thank you for the trader helping traders. We have to learn the right to trade big.
Sounds like you have my "technical analysis" bug. Don't do what I did and blow over $200K, instead, get on The Path of Learning. I wish it was there when I was learning. Register with rogueforex and start on The Path of Learning.
15 YEARS OF PASR ON FOREX FACTORY!
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