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  • #2,281
  • Apr 22, 2009 6:08pm Apr 22, 2009 6:08pm
Quoting strat
I wish our cowboy hadn't answered you because do you know what my answer is:

If you don't know this, how much of the rest of the thread don't you know or understand? This is OBVIOUS you have not READ and UNDERSTOOD.

If you can't read, understand and follow instructions, you do not stand any chance whatsoever in making money in trading.
I hope I skipped just this small but VERY IMPORTANT detail.
Let's read everything again...

thanks
  • #2,282
  • Apr 22, 2009 6:11pm Apr 22, 2009 6:11pm
Quoting strat
Wow, Kiwi trader, you love putting yourself through the wringer! - maybe some masochism going on there?

You got the right answer but wouldn't it be simpler to say something like " No trade since the Daily does not agree with the BOSS and BIG BOSS?"

LOL. Only if I was lazier than I am.

Given that I'm testing and learning your style solid evaluations are worth checking. Its 10 minutes now to prove it wasn't worth considering.
  • #2,283
  • Apr 22, 2009 6:12pm Apr 22, 2009 6:12pm
Quoting strat
Come on guys, let's not get into this! A full blown (BIG BOSS to BOSS to worker) analysis is only worth it when done after the BOSS closes (Friday 5pm EST)

During the week, we can only do a Daily analysis - anything more and we end up guessing or a coin toss - and these don't make money.
Hmm I totally agree with you. One question: After your analyzed weekly at the end of the week, if the pair is sideways, you ignore it during the week if there's no PA close to weekly SR or you trade it from daily charts, in case you see a PA on daily SR?

thanks
  • #2,284
  • Apr 22, 2009 6:31pm Apr 22, 2009 6:31pm
What a beautiful thing it is..........but not for the reason you may be thinking of.....

this bar will be many things for many people....what will it mean to you?......

id like to spill my whole story now but id like to hear what you think and maybe i may be able to help.......but only to see what i see thats all............g
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  • #2,285
  • Apr 22, 2009 6:46pm Apr 22, 2009 6:46pm
Quoting Baba G
What a beautiful thing it is..........but not for the reason you may be thinking of.....

this bar will be many things for many people....what will it mean to you?......

id like to spill my whole story now but id like to hear what you think and maybe i may be able to help.......but only to see what i see thats all............g
I see it as a DHLC and testing a support. It seems there's a difference between the tops so it would be a BEOB too but since it's not a lot, I'd say it's a DHLC.

The bottom is at a support. So I'd wait to break down, return and then see there's a PA around 1.68.


thanks
  • #2,286
  • Apr 22, 2009 7:18pm Apr 22, 2009 7:18pm
Quoting psneto
I see it as a DHLC and testing a support. It seems there's a difference between the tops so it would be a BEOB too but since it's not a lot, I'd say it's a DHLC.

The bottom is at a support. So I'd wait to break down, return and then see there's a PA around 1.68.


thanks
Thats a bloody great plan....i like it....what else could you do?
  • #2,287
  • Apr 22, 2009 7:22pm Apr 22, 2009 7:22pm
Hi Baba G

Well we know it is a DBLHC, but looking at the daily chart it closed bang on a pivot zone and the boss 20 + a small TL suggesting support.

Looking at it in isolation I would be looking for a long on the previous bar's opening (Risky) Why? because it is in an area of support or short past the low of 09/04 bar? When the archer releases his bow, of course i could be so wrong LOL

I love your simple analysis, looking forward to your seeing what you seeJ
Yesterday’s regrets and tomorrows dreams are today’s opportunities
  • #2,288
  • Apr 22, 2009 7:25pm Apr 22, 2009 7:25pm
Quoting cowboying
Hi Baba G

Well we know it is a DBLHC, but looking at the daily chart it closed bang on a pivot zone and the boss 20 + a small TL suggesting support.

Looking at it in isolation I would be looking for a long on the previous bar's opening (Risky) Why? because it is in an area of support or short past the low of 09/04 bar? When the archer releases his bow, of course i could be so wrong LOL

I love your simple analysis, looking forward to your seeing what you seeJ
hey....why long again...i dont understand to much pizza i think
  • #2,289
  • Edited Apr 23, 2009 10:05am Apr 22, 2009 7:27pm | Edited Apr 23, 2009 10:05am
Quoting cowboying
Nicole: some of these "look like" they are setting up for moves BUT "looking like" doesn't make us money - we need to see it "DO"

Me thinks you have slipped back to looking for trades instead of "SEEING" trades.

Get another note out and stick it on your laptop:

AM I WANTING TO TRADE OR MAKE MONEY?


For now, why not post what you are "looking" to trade and why etc. Have you started a journal on your trades yet?
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,290
  • Apr 22, 2009 7:34pm Apr 22, 2009 7:34pm
Because of support off the 20 and pivot zone and I thought the DBLHC on its own was too simple as you tend to have twist to the story, your right I’m knackered.
Yesterday’s regrets and tomorrows dreams are today’s opportunities
  • #2,291
  • Apr 22, 2009 7:34pm Apr 22, 2009 7:34pm
We have a bullish harami twin pattern (inside bar with 3rd confirming candle) inside this triangle pattern, also on support. I'd be looking to go long on the break of this triangle - IF it breaks. There is also resistance around 1.5160 so it would have to break that first

Although the trend is bearish and the MA's are flat which is against us. So have to be careful to not enter too early.

It seems like every time I analyze a pair for a potential setup, I find more reasons to leave it alone than to take it. I guess this is good but finding trades on the Daily is not easy at all.

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  • #2,292
  • Apr 22, 2009 7:47pm Apr 22, 2009 7:47pm
We didn't get a close below yesterdays IB for confirmation but we have third IB. Does this indicate bearish PA? So would it be a valid entry to trade of the low of this candle or does it mean nothing at all?

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  • #2,293
  • Apr 22, 2009 7:47pm Apr 22, 2009 7:47pm
I like that...i have a long bow and arrow hanging from the ceiling above my work station and i often meditate on this..........

The amont of pull needed to hit the ultimate target....the wind....hight.....surroundings......the calm....the strength....careful not to much......then

let go.......trading............(risky)......no bro archery.
  • #2,294
  • Apr 22, 2009 7:48pm Apr 22, 2009 7:48pm
Hay Baba G

Just before I log off for the night do I see a small head and shoulders?
Yesterday’s regrets and tomorrows dreams are today’s opportunities
  • #2,295
  • Apr 22, 2009 7:51pm Apr 22, 2009 7:51pm
Quoting Naws
We didn't get a close below yesterdays IB for confirmation but we have third IB. Does this indicate bearish PA? So would it be a valid entry to trade of the low of this candle or does it mean nothing at all?

Attachment
What does it mean to you.......if it means nothing thats fine....look at the boss and its boss...see if it helps....more ibs mean more ibs...but does it mean you will put a ticket on it?....if not why....and when the shizzer kicks of did that mean anything to you......slowly,slowly this market is a king kong
  • #2,296
  • Apr 22, 2009 7:54pm Apr 22, 2009 7:54pm
Quoting cowboying
Hay Baba G

Just before I log off for the night do I see a small head and shoulders?
Sorry bro i cant see through your eyes....lol
  • #2,297
  • Apr 22, 2009 8:03pm Apr 22, 2009 8:03pm
Quoting Baba G
What does it mean to you.......if it means nothing thats fine....look at the boss and its boss...see if it helps....more ibs mean more ibs...but does it mean you will put a ticket on it?....if not why....and when the shizzer kicks of did that mean anything to you......slowly,slowly this market is a king kong
Big boss and boss are down which is good, although we have a fairly big green candle on the weekly right now. I have a feeling its going down but entering right below the ib is risky since there is some support below, below the support it looks good but then that is too far to put a safe stop loss, hmm what to do
  • #2,298
  • Apr 22, 2009 8:08pm Apr 22, 2009 8:08pm
I got to spill before i go to bed.....thanks for sharing your thoughts.

I asked the question cause for the first time in ages i even sat down at my desk......and as i always start on the big boss and work down i became less excited till i got back to the daily....and i fell in love again.

So i dont wanna sell it for the reasons you all pointed out but mostly because i just dont like the higher time frames.....but as a little story.....now thats interesting........like the smooth draw of an arrow is vital to the shot.

This is a smooth draw BEOB/DBHLC........it will always be there...giving us infomation.......let go in your own time........g
  • #2,299
  • Apr 22, 2009 8:11pm Apr 22, 2009 8:11pm
Quoting Naws
Big boss and boss are down which is good, although we have a fairly big green candle on the weekly right now. I have a feeling its going down but entering right below the ib is risky since there is some support below, below the support it looks good but then that is too far to put a safe stop loss, hmm what to do
Well if i had to say "hmmm what to do" id go bed.....im not gonna sweat blood for a "hmmm what to do"........

Man if i trade its because i just cant help myself.......no "hmmmssss what to dosss about it"....maybe thats your answer?....i dunno......g
  • #2,300
  • Apr 22, 2009 8:59pm Apr 22, 2009 8:59pm
Thanks, you're right I should only trade when PA reveals a clear opportunity to me

I' just getting itchy fingers, I haven't had a real trade on the daily since I started with this thread
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