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  • #3,921
  • Jun 26, 2009 4:20pm Jun 26, 2009 4:20pm
Quoting golfer27

When Baba G starts speaking English, I'd like to have a conversation with him.
When you actually talk to him, he talks normally. For some reason, when he posts, he writes like Spike Milligan talks.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,922
  • Jun 26, 2009 4:41pm Jun 26, 2009 4:41pm
Thx Strat, i think i've got more questions about pa than answers at the mom.
For me, it's becoming more about where the signals occur, what's around them etc,are they in traffic, where they are in relation to S/R, checking fibs, before taking a pinbar or DBHLC blindly.
For this, thank you, i am indebted.
Still not sure if Baba G speaks english, but Spike Milligan...
An aquired taste but a complete genius, still makes me laugh, as does Tommy Cooper-- Bottle Glass, Glass Bottle'
By the way, Michael Jackson, whose music i grew up with and still listen to, the true defination of a musical genius, didn't die of a cardiac arrest.
Died of food poisoining, apparently he'd been munching on 12 year old nuts!!
  • #3,923
  • Jun 26, 2009 4:46pm Jun 26, 2009 4:46pm
Quoting golfer27
By the way, Michael Jackson, whose music i grew up with and still listen to, the true definition of a musical genius, didn't die of a cardiac arrest.
Died of food poisoning, apparently he'd been munching on 12 year old nuts!!
Ooooh, you are AWFUL! Have you no respect for the recently departed?

RESPECT - Aretha Franklin - 1967
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,924
  • Jun 26, 2009 5:02pm Jun 26, 2009 5:02pm
Apparently McDonalds are issuing a McJacko Burger in his honour.
A fifty year old piece of meat, served between 2 fresh white buns.

Coroners report-- Michael Jackson has not been this stiff since Macauly Caulkin stayed the night!

What did MJ say to Gary Glitter? - Got 2 fives for a ten??

I am only repeating whats doing the rounds, before anyone gets the hump.

Good W/end all
  • #3,925
  • Edited 10:19pm Jun 26, 2009 9:44pm | Edited 10:19pm
Quoting strat
I meant to mention it yesterday but forgot.

Most forex pairs "vibrate" around a moving average and this is one of the arguments for specialising in a particular pair in that you get to know it like it is your best friend.

GBP vibrates around the 365EMA. We can see this in the GBP pairs - see below. (I used price bars because pizza man doesn't understand candles or MAs!)

The more observant of you lot may see something else in the gbpusd chart

See if you can find the moving average vibrations for other pairs.

GOOD VIBRATIONS - Beach...
Would you be referring to the cup and handle formation?

It also looks like we are bumping into resistance and close to 50% retrace of last downtrend.

What do you think is next for the GBP/USD?
  • #3,926
  • Jun 26, 2009 10:15pm Jun 26, 2009 10:15pm
Big Boss - Down
Boss - Down
Daily - Down

I've been watching the usd/jpy for a bit and had this triangle (yellow lines) drawn in for quite a while. Initially it broke out to the upside, hit resistance and then cam back to test the upper trend line without good PA, and failed. Now we have reversed and broke out to the downside and have retested the lower TL (and 20) with good PA (shooting star). 94 is support.
There also appears to be a head and shoulders. Not sure if the neckline is where I drew it or if it is the 94 price line.

I missed this trade because I was busy with other things.

So...anyone have any comment?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy-daily-06-26-2009.gif Size: 23 KB
Click to Enlarge Name: usdjpy-daily-HS-06-26-2009.gif Size: 25 KB
  • #3,927
  • Jun 26, 2009 10:37pm Jun 26, 2009 10:37pm
Quoting strat
I meant to mention it yesterday but forgot.

Most forex pairs "vibrate" around a moving average and this is one of the arguments for specialising in a particular pair in that you get to know it like it is your best friend.

The more observant of you lot may see something else in the gbpusd chart....
Not sure what you are getting at but here is what I can see:

1. Strong resistance at 1.66 dating back to 1988 and 1995
2. 62% retrace from the last small swing up in Sept 08 to the bottom
3. Worker has been respecting the 20EMA on this upswing.
4. Consolidation between 1.62 and 1.66 that does not look worth trading unless you are a fader at the channel top and bottom.

Somehow I don't think any of these points are what you are hinting at.

I am looking for a break of 1.66 and then a retrace to go long.

Surfer
  • #3,928
  • Edited 11:45pm Jun 26, 2009 10:48pm | Edited 11:45pm
Quoting One14
Big Boss - Down
Boss - Down
Daily - Down

I've been watching the usd/jpy for a bit and had this triangle (yellow lines) drawn in for quite a while. Initially it broke out to the upside, hit resistance and then cam back to test the upper trend line without good PA, and failed. Now we have reversed and broke out to the downside and have retested the lower TL (and 20) with good PA (shooting star). 94 is support.
There also appears to be a head and shoulders. Not sure if the neckline is where I drew it or if it is the 94 price line.

I missed this...
I will have a stab.
I had my upper trendline where yours is originally but I moved it to respect the more recent highs. Not really relevant to this trade thouogh.

I think this is a fair break and retrace entry. It is not at an obvious horiz level and the shooting star is not at the end of a true swing but this is not so relevant for this type of entry. It has tested the lower trendline nicely.

I have strong support at 94.50 so would be taking profits just above that at say 94.30 which is just better than 1:1 R:R ratio. The Boss and Big Boss could help this one go lower.

Thanks for sharing that setup.

Surfer
  • #3,929
  • Jun 27, 2009 8:55am Jun 27, 2009 8:55am
Quoting Surfer
I will have a stab.
I had my upper trendline where yours is originally but I moved it to respect the more recent highs. Not really relevant to this trade thouogh.

I think this is a fair break and retrace entry. It is not at an obvious horiz level and the shooting star is not at the end of a true swing but this is not so relevant for this type of entry. It has tested the lower trendline nicely.

I have strong support at 94.50 so would be taking profits just above that at say 94.30 which is just better than 1:1 R:R ratio. The Boss and Big...
Thanks Surfer. Nice analysis.

I moved the upper TL too. I just left it in the picture for illustration.

I am not in this trade, but I did recognize the strong support below. My plan would be to get my stops to BE asap, take at least a third off at support depending on PA (perhaps more). If the Queen decides to take out 94, I'd like to dance with her.
  • #3,930
  • Jun 28, 2009 1:17pm Jun 28, 2009 1:17pm
6 pairs singing The Yardbirds 1964 song:

AUDJPY
EURAUD
EURJPY
GBPJPY
NZDJPY
USDCHF
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,931
  • Jun 28, 2009 1:20pm Jun 28, 2009 1:20pm
Quoting One14
Would you be referring to the cup and handle formation?

It also looks like we are bumping into resistance and close to 50% retrace of last downtrend.

What do you think is next for the GBP/USD?
No, nothing to do with tea cups.

I think GBPUSD will go sideways but if it doesn't go sideways it will go up but if it doesn't go up it will go down.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,932
  • Jun 28, 2009 1:34pm Jun 28, 2009 1:34pm
  •  Sid
  • | Joined May 2009 | Status: Get wise or die laughing | 85 Posts
hello folks,

in terms of the question of some people not posting... i want to make it clear that me personally, i have not left the path at all, but i am experimenting with different styles.

we talk a lot about patience here when it comes to trading successfully. i believe it equally helps to be patient with ourselves and each other in terms of how we apply the information that is presented here.

one of the things i am looking at at the moment is NZDUSD. might break out either way out of its consolidation zone - she is still deciding. in case she breaks through 6500 i will wait for a retrace to get long.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDdaily.png Size: 35 KB
  • #3,933
  • Jun 28, 2009 1:41pm Jun 28, 2009 1:41pm
Quoting Surfer
Not sure what you are getting at but here is what I can see:

1. Strong resistance at 1.66 dating back to 1988 and 1995
2. 62% retrace from the last small swing up in Sept 08 to the bottom
3. Worker has been respecting the 20EMA on this upswing.
4. Consolidation between 1.62 and 1.66 that does not look worth trading unless you are a fader at the channel top and bottom.

Somehow I don't think any of these points are what you are hinting at.

I am looking for a break of 1.66 and then a retrace to go long.

Surfer
Wipe Out, Surfer Joe (Surfaris 1962)

Not Fade Away - Buddy Holly 1957

You got the channel nailed down!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,934
  • Jun 28, 2009 1:44pm Jun 28, 2009 1:44pm
Quoting Surfer
I will have a stab.
I had my upper trendline where yours is originally but I moved it to respect the more recent highs. Not really relevant to this trade thouogh.

I think this is a fair break and retrace entry. It is not at an obvious horiz level and the shooting star is not at the end of a true swing but this is not so relevant for this type of entry. It has tested the lower trendline nicely.

I have strong support at 94.50 so would be taking profits just above that at say 94.30 which is just better than 1:1 R:R ratio. The Boss and Big Boss...
Seems to me like she wants to put in a triple bottom before going higher
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,935
  • Edited 2:41pm Jun 28, 2009 1:48pm | Edited 2:41pm
Quoting Sid
hello folks,

in terms of the question of some people not posting... i want to make it clear that me personally, i have not left the path at all, but i am experimenting with different styles.

we talk a lot about patience here when it comes to trading successfully. i believe it equally helps to be patient with ourselves and each other in terms of how we apply the information that is presented here.

one of the things i am looking at at the moment is NZDUSD. might break out either way out of its consolidation zone - she is still deciding. in case...
Good lad, Sid. Just be aware that NZDUSD is at 50% fib retrace of the big move down.

Also, look at where the 365 is.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,936
  • Jun 28, 2009 3:46pm Jun 28, 2009 3:46pm
  •  Sid
  • | Joined May 2009 | Status: Get wise or die laughing | 85 Posts
hey strat,

thanks for the hints! yes, i guess both would indicate a downwards move.
  • #3,937
  • Jun 28, 2009 4:33pm Jun 28, 2009 4:33pm
Quote
Quote:
Originally Posted by Surfer http://www.forexfactory.com/images/buttons/viewpost.gif
[i]Not sure what you are getting at but here is what I can see:

1. Strong resistance at 1.66 dating back to 1988 and 1995
2. 62% retrace from the last small swing up in Sept 08 to the bottom
3. Worker has been respecting the 20EMA on this upswing.
4. Consolidation between 1.62 and 1.66 that does not look worth trading unless you are a fader at the channel top...

Strat, I think you have been talking to Baba G too much. Does your post mean I was correct?
  • #3,938
  • Jun 28, 2009 4:36pm Jun 28, 2009 4:36pm
Here is silver daily chart, the weekly is a doji and the MA's are sideways.

You might like to take a peak at Gold too.
Attached Image (click to enlarge)
Click to Enlarge Name: silver.gif Size: 11 KB
  • #3,939
  • Jun 28, 2009 4:45pm Jun 28, 2009 4:45pm
We could be in for some more chop and volatility this week
Monday and Tuesday are the last couple of days of the quarter and believe or not some funds and managers leave it right to the end to rebalance which can cause some unexpected moves.

Thursday is NFP this week. Yes, Thursday because Friday is a US holiday.

Have a great week!
Nicola
  • #3,940
  • Jun 28, 2009 4:51pm Jun 28, 2009 4:51pm
Quoting Surfer
Strat, I think you have been talking to Baba G too much. Does your post mean I was correct?
Your analysis was good but:

Wipe Out on "Not sure what you are getting at"

Not Fade Away (Don't do sideways ranges/channels) - "4. Consolidation between 1.62 and 1.66 that does not look worth trading unless you are a ""fader"" at the channel top and bottom."

And here's me thinking you understood surfing lingo!
15 YEARS OF PASR ON FOREX FACTORY!
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