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  • #2,321
  • Apr 23, 2009 12:17pm Apr 23, 2009 12:17pm
GBP/CHF

1st May will be an important day for us on this pair then

Hopefully we get confirmations from closes on the bars on the big boss and boss to get some bullish entries on the daily.
  • #2,322
  • Apr 23, 2009 12:24pm Apr 23, 2009 12:24pm
SURFIN USA - Beach Boys 1963

In case anyone is planning to visit Southern California, here is our Ryan's web page, where if you mention his old man, you will get discounted surf lessons.

http://www.pacificsurfari.com/

Looks almost as good as his old man eh?
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,323
  • Apr 23, 2009 1:29pm Apr 23, 2009 1:29pm
Quoting strat
SURFIN USA - Beach Boys 1963

In case anyone is planning to visit Southern California, here is our Ryan's web page, where if you mention his old man, you will get discounted surf lessons.

http://www.pacificsurfari.com/

Looks almost as good as his old man eh?
NICE!! Last weekend the waves were amazing in Capitola,CA!!
  • #2,324
  • Apr 23, 2009 1:38pm Apr 23, 2009 1:38pm
Well I passed on the trade setup because yesterdays close was about half way up the days range. I wanted the close to be at the bottom of the days range.

Clearly this afternoon the trade broke, but not with me. Sometimes you get an entry and sometimes you dont. Thats trading folks.

Rule #1 preservation of capital. If you're not sure then you're not in. Simple as.

Waiting for the next one to come along.

TonyH
  • #2,325
  • Apr 23, 2009 1:38pm Apr 23, 2009 1:38pm
Quoting el_duende
GBP/CHF

1st May will be an important day for us on this pair then

Hopefully we get confirmations from closes on the bars on the big boss and boss to get some bullish entries on the daily.
Don't get locked in to dates, rather just watch PASR - time cycles are bloody hard to analyse, evaluate, follow and predict - they drive me round the bend!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,326
  • Apr 23, 2009 3:02pm Apr 23, 2009 3:02pm
Quoting AstonDan
I wish i was able to vouch for you Blackeagle

Thanks for sharing your insight with us all.
I just did - forgotten I could until you pointed it out!

No vouch for me though? Im hurt - again
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,327
  • Apr 23, 2009 3:26pm Apr 23, 2009 3:26pm
Quote:
Originally Posted by cowboying http://www.forexfactory.com/images/buttons/viewpost.gif
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



[quote=Baba G;2688710] hey....why long again...i dont understand to much pizza i think


Evening Baba G

Delicious Piza, the support paid off, only teasing.

Seriously though thanks for highlighting this one and your analysis, valuable lesson in respecting the Big Boss and the Boss.

Ah….three longbows drawn…...aiming high…..in a soft wind, beautiful sight. Look out bucket shops strats’s army is on the move
Yesterday’s regrets and tomorrows dreams are today’s opportunities
  • #2,328
  • Edited 3:39pm Apr 23, 2009 3:33pm | Edited 3:39pm
I need a break from my Momentum Cycle stuff which is really hurting my head today so, with 1 hour to go to NY close, let's just make sure we are all seeing what's happening:

AUDJPY:
BUEB bouncing off support and TL BUT in 20-50 trap and nicely held down by 20. Looks like a re-test of 73.50. I'm getting my ATM card out!

AUDUSD:
BUEB bouncing off support. Retest of 0.7320?

CADJPY:
Same as AUDJPY but re-test of psycho 83.00?

CHFJPY:
BUEB - same as other JPY pairs? Go for it guys!

EURJPY:
BUEB - same as other JPY pairs? Go for it guys!

EURUSD:
Beautiful strong green bar

GBPJPY:
Re-test of psycho 150?

GBPUSD:
BUEB. Re-test of psycho 1.5000?

NZDJPY:
BUEB - Go for it guys!

NZDUSD:
BUEB - Go for it guys!

USDCAD:
BEEB - Go for it guys!

USDCHF:
BEEB - Go for it guys!

USDJPY:
Inverted hammer - she sent out a scouting party of buyers but they were sent back - time to re-group, get some more scouts and chase the girl guides (scouts).
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,329
  • Apr 23, 2009 3:43pm Apr 23, 2009 3:43pm
Quoting strat
Just to confirm what I THINK you mean:

The BIG BOSS April bar, providing she doesn't close below the March bar, will CONFIRM the March bar as the swing low.

And, as Blackeagle so kindly drew to our attention, psycho 1.7500 is the critical turning point for this pair.
Yes boss, that's what i meant. And as for vouching, this is the only thread i reguarly post on, check god knows how many times a day etc etc...when i get to vouching status - you'll be first on my list
  • #2,330
  • Apr 23, 2009 3:57pm Apr 23, 2009 3:57pm
Quoting strat
I need a break from my Momentum Cycle stuff which is really hurting my head today so, with 1 hour to go to NY close, let's just make sure we are all seeing what's happening:

AUDJPY:
BUEB bouncing off support and TL BUT in 20-50 trap and nicely held down by 20. Looks like a re-test of 73.50. I'm getting my ATM card out!

AUDUSD:
BUEB bouncing off support. Retest of 0.7320?

CADJPY:
Same as AUDJPY but re-test of psycho 83.00?

CHFJPY:
BUEB - same as other JPY pairs? Go for it guys!

EURJPY:
BUEB - same as other JPY pairs? Go for it guys!

EURUSD:
Beautiful...
Strat, I'm puzzled - why would you 'give-away' these huge hints? I'm fairly new to some of this dedicated PA but on a few of the charts you have said 'go for it guys'. I can't see a compelling reason to trade many of them, but as I said, I don't have your experience - could you spare me some new bricks for the path so that I may progress??
Trade less and become more profitable!
  • #2,331
  • Apr 23, 2009 4:08pm Apr 23, 2009 4:08pm
So, I'm lookig at AUDYEN and thinking that the train may have been on the turntable? (I have never traded this pair)

We have hit the SR at 68.30ish and then bounced off, retraced back into the bounce and then put in a BUEB. I take it this would indicate the possibility of the train heading North again? Only issue is being in the 20/50 zone and the 20 is applying the pressure to the north.

I'm not touching this pair as it looks weak to me. The current action is completing a RH shoulder of a slanted looking H&S pattern. Monthly is currently a S/Star but I'd wait for the month to close before entering this bad-boy. So, after all me ramblings - it's not for me.
Trade less and become more profitable!
  • #2,332
  • Apr 23, 2009 4:44pm Apr 23, 2009 4:44pm
EUR/USD:
Daily: Broke TL and Resistence on 1.31 but stopped at 20 EMA.
I'd wait for a retest of 1.31 level and TL to confirm a a possible UP moviment. NO TRADE

USD/CHF:
Daily: Broke TL, and closed below 20 ema and 50 sma. No signal here. looking to see if It will test and respect TL. NO TRADE

USD/JPY:
Daily: Tested and respected TL and respected support at 97.5. It's between 20 ema and 50 sma. NO TRADE

GBP/USD:

Daily: Broke TL and closed above the Resistence at 1.47 and above 20 ema and 50 sma. No TRADE

USD/CAD:

Daily: After 2 days it crossed 20 sma and tested TL and support at 1.22. The pair is in channel. No TRADE

EUR/JPY:

Daily: Broke TL and it's between 20 ema and 50 sma besides the resistence at 129.5. NO Trade.

GBP/JPY:

Daily: IB that tested support at 141 and closed above TL. It's between 20 ema and 50 sma. but has a resistence at 145.5. It's a possible long for 80 pips but I think it's too risky. NO TRADE

thanks
  • #2,333
  • Apr 23, 2009 4:46pm Apr 23, 2009 4:46pm
Does anyone look at USDZAR?
I've been following it for sometime; just looking. To me it looks like the current downtrend is about to stall. PA is looking like heading back up. See attached chart. We have a small penetration of the wkly 50 ma but we have not reached the 20 Monthly MA.
Take a peak at the 4hr charts and look at all those wicks down. Looks like the sellers have been repelled on numerous occasions.
Any thoughts?
Grim
Attached Image (click to enlarge)
Click to Enlarge Name: usdzar.gif Size: 26 KB
Trade less and become more profitable!
  • #2,334
  • Apr 23, 2009 4:53pm Apr 23, 2009 4:53pm
No thanks Strat, even if I had BEEB or BUEB on my charts, those bars alone don't give enough reason to trade
  • #2,335
  • Apr 23, 2009 4:56pm Apr 23, 2009 4:56pm
From Stat's quick whistle:
AUDUSD Boss moving higher, this week price bounced off the boss 20ema.
Daily will close above 20ema.
However, .7200 has been strong SR for 20 years. It has also made a lower low.
Look for PA around .7200 confirming LH and retrace to .6800 (%50 fib).
Any thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 17 KB
  • #2,336
  • Apr 23, 2009 5:03pm Apr 23, 2009 5:03pm
Remember guys that Strat sometimes tests us to see if we are thinking for ourselves or just blindly following ..

EURUSD is a beautiful long green bar but it has now hit its head on the daily 20ema, 50fib level, a strong level at 1.3150 and a descending trendline.
This pair respects trendlines. Im hoping she gives us a present tomorrow ...

Nicola
  • #2,337
  • Apr 23, 2009 5:06pm Apr 23, 2009 5:06pm
Quoting strat
I need a break from my Momentum Cycle stuff which is really hurting my head today so, with 1 hour to go to NY close, let's just make sure we are all seeing what's happening:

AUDJPY:
BUEB bouncing off support and TL BUT in 20-50 trap and nicely held down by 20. Looks like a re-test of 73.50. I'm getting my ATM card out!

AUDUSD:
BUEB bouncing off support. Retest of 0.7320?

CADJPY:
Same as AUDJPY but re-test of psycho 83.00?

CHFJPY:
BUEB - same as other JPY pairs? Go for it guys!

EURJPY:
BUEB - same as other JPY pairs? Go for it guys!

EURUSD:
Beautiful...

Well its late for me and I have to go to bed here so will not comment on the individual set ups but having looked through them the length of these bars require very large stops and having read through Strats thread I am looking at what I could lose rather than what I can make and therefore will not be trading any of these set ups!!
Thanks
  • #2,338
  • Edited 5:10pm Apr 23, 2009 5:08pm | Edited 5:10pm
Ok Strat

You think we need a wakeup call.

Quick eyeball

EURUSA. Big Boss Neutral bar between two S&R: Boss hammer off support: Daily being held by 20. Not today sirJ

GBPUSA: Big Boss Momentum up from swing low: Boss hammer into piviot zone and boss 20: Daily BUEB not on my feed, into boss 50 + pivot zone. R/R not favorable. Not today sirJ

USDCHF. Big Boss IB bar Breather. Boss: Into boss MA 50 and 100 +pivot zone. Daily. Same as boss R/R not favorable. Not today sirJ

I will go over the others for my own detailed analysis great way for quick ya or na.
Cheers Steve
Yesterday’s regrets and tomorrows dreams are today’s opportunities
  • #2,339
  • Apr 23, 2009 5:38pm Apr 23, 2009 5:38pm
Now wait a minute

EURJPY might warrant a look, Big Boss: Neutral bar but momentum up however in to resistance at 131.000:
Boss : Momentum going up, hammer off support and boss 20, again in to 131.00 resistance though.:
Daily: strong bar of solid Resistance and pierced through 50 & 100 MA although heading for boss 20. R&R evens.

To be honest I would go for this with a stop below the previous bar

Cheers Steve
Yesterday’s regrets and tomorrows dreams are today’s opportunities
  • #2,340
  • Apr 23, 2009 5:49pm Apr 23, 2009 5:49pm
Quoting Grimweasel
Does anyone look at USDZAR?
I've been following it for sometime; just looking. To me it looks like the current downtrend is about to stall. PA is looking like heading back up. See attached chart. We have a small penetration of the wkly 50 ma but we have not reached the 20 Monthly MA.
Take a peak at the 4hr charts and look at all those wicks down. Looks like the sellers have been repelled on numerous occasions.
Any thoughts?
Grim
YES - the brokers, MMs and big boys are waiting for you! Instead, I'll send my account # so that you can direct deposit - it will save you the spread and commission.

There is very LITTLE volume and liquidity on these exotic pairs. You will be meat for the predators and it will be nasty - very nasty!

STAY OFF ALL THINLY TRADED EXOTICS NO MATTER HOW GOOD THEY LOOK!

15 YEARS OF PASR ON FOREX FACTORY!
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