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  • #4,141
  • Jul 17, 2009 8:40pm Jul 17, 2009 8:40pm
PASR, Do you mean PSAR?

Quoting strat
Baz and Naws,

AUDJPY entered long above 7/13 hammer/BUOB and cycle bottom
AUDUSD ditto
CHFJPY ditto
EURJPY ditto
NZDJPY...
Its all in the mind.
  • #4,142
  • Jul 17, 2009 9:46pm Jul 17, 2009 9:46pm
PASR is Price Action Support Resistance
  • #4,143
  • Jul 17, 2009 11:06pm Jul 17, 2009 11:06pm
Quoting strat
Seat of the pants trading, I'm guessing Danny boy!

I take the lack of posts to mean everybody has either learned all they need, or they have dropped down to shorter time frames or they have lost interest or maybe they have taken up pheasant pluckin'.
Still learning, practicing, reading. I haven't taken any DAILY trades on Stars or Hammers, but I must admit I tried it on lower time frames. I found myself stress free down there and profitable overall (small live account), but I stopped. It's more work than the daily and I want to master the higher TF. Before you shoot me for being live, I found that I, like yourself, needed to be live. Demo was too fake for me and being live I am proving to myself that I can follow my plan.

I related big time to Pistol Dave's post (#4055 on page 271). I have in the past and still occasionally get that urge to be in a trade. Every once in a while I get that feeling like I have to make money fast. Time is creeping by and I am not getting anywhere. Still getting that bored feeling seeking the trading rush. That's when I look over my old losses (bad behavior) and remember how it sucked(s) to lose. I also break out a book, write in a journal or something and get my mind back on track. It's freaking tough sometimes, but it is getting easier.

What happened to the plans mentioned way back in the thread about one on one and the other exciting stuff mentioned. Is that still in the works or were you testing us?
  • #4,144
  • Jul 18, 2009 2:02am Jul 18, 2009 2:02am
Quoting strat
I take the lack of posts to mean everybody has either learned all they need, or they have dropped down to shorter time frames or they have lost interest or maybe they have taken up pheasant pluckin'.
Still sticking to the dailies here, as i feel that is where i would truley like to be. Allowing me to enjoy life and truley make my money work for ME!! Not the other way around. I work for my money enough as it is, I would like to change that...

Just been doing a lot of studying lateley, lots of reading through the J16 threads early pages, studying as many charts and markets as possible, drawing S&R on thousands of charts. marking out weekley PPZ's and seeing how price reacts to these on the dailys has really helped me to understand the areas that are truley important not just a bunch of clutter minor levels.

I found a great site to go check out for data on thousands of securitys to trade and its free end of day Data. stocks,futures,comodities,forex tons of good stuff there to study PA on thousands of charts as strat is always recomending.

Sites name is prorealtime.com
  • #4,145
  • Jul 18, 2009 3:33am Jul 18, 2009 3:33am
Quoting strat
Seat of the pants trading, I'm guessing Danny boy!

I take the lack of posts to mean everybody has either learned all they need, or they have dropped down to shorter time frames or they have lost interest or maybe they have taken up pheasant pluckin'.
Still here, watching and waiting. I do believe things are lining up, the next 2 or 3 weeks could produce some nice trades, Patience is king.

Roy
Polishing my crystal ball
  • #4,146
  • Jul 18, 2009 4:20am Jul 18, 2009 4:20am
At the moment things seem pretty dire to trade as so many here have pointed out and at my stage of learning I'm not prepared to take any risks, so have been sitting on my hands............... When others post charts I always see more reasons NOT to enter than to risk even a small punt. Of course that may always be the case and there comes a point I suppose, when one just has to go for it, but for me that time is not now.

When I see a chart that looks a possible trading opportunity (reasonably safe...) I will post again. Right now I am looking and reading and generally enjoying life until times improve. A bit of 'distance' seems to suit me as I can easily get obsessed by charts and candles to the point where I'm not swiming but drowning in it all.

There are various levels of trading, and at mine, a decent trend is the thing to go for. I am not bothered by the notion that with a decent trend 'anyone can trade'. Frankly that suits me fine. Capital preservation is all for me. I can afford to wait for things to get better, but won't be able to take advantage of the improvement if my capital is lost.

Now I am going to check through all those trades that Strat listed yesterday and see why he saw something that I didn't or why he thought the R:R was worth taking the trade.

All the best to those who are going for it. I'll watch from the sidelines and learn from your successes and mistakes. So you better keep posting so I can keep learning. I'm quite good at piggy-backing, while there are backs to ride! lol
  • #4,147
  • Jul 18, 2009 4:51am Jul 18, 2009 4:51am
Quoting billye
L: could you comment on this chart? where do you think it's going?

any trade to enter is safe now?
http://static.forexfactory.com/forex...1&d=1247864604
You don't make it easy. I can't really read it properly.

BUT I would want to zoom OUT a lot to see the patterns in a longer TF. I feel more confident on a D1 chart, comparing it with Weekly and Monthly charts as proposed on this thread. However on the basis of what I can see (and would also prefer to put in Fibs from the 8828 SH to the 8047 SL to indicate the current retracement) the price seems to be moving down towards the purple PPZ section. Actually there is a lot of action between 8516 and 8203 which is a very wide band - a mine field in my view. SO compare this chart with a Daily and then a Weekly to see what the controllers of this H4 are suggesting.

Also I don't know what status the S & R lines have on your chart. I like to clarify those derived from a longer TF and those from the current one as longer TF S & R lines seem to have more weight.

As I say I can't really see the details on your chart as posted. I suppose a trade might be okay down to 8550 with a SL around 8700 but I wouldn't take it.

As I say I can't really see anything clearly on that chart. Other people's charts are never the same as those put together with my own SR and TLs which I understand. You will get more comments on this thread if you post three charts at different TFs to show the context of the shorter TF chart.

Sorry not to be more help.
  • #4,148
  • Jul 18, 2009 5:42am Jul 18, 2009 5:42am
Quoting strat
Still open:

AUDUSD Long
EURCAD Short
EURJPY Long
GBPJPY Long
GBPUSD Long
NZDJPY Long
NZDUSD Long
USDCAD Short
USDJPY Long

Closed AUDJPY Long & CHFJPY Long prematurely yesterday.
Hello
What broker do you use? I don't have anything worth taking on my charts.
  • #4,149
  • Jul 18, 2009 6:14am Jul 18, 2009 6:14am
Quoting strat
Baz and Naws,

AUDJPY entered long above 7/13 hammer/BUOB and cycle bottom
AUDUSD ditto
CHFJPY ditto
EURJPY ditto
NZDJPY...
Strat
thanks for sharing.......and my view why this may be a "Quite " thread....
Because its based on a Daily,and many traders are just starting out,or learning and hence not many Triggers....and also may be focused on ACTIVE pairs as well......and also i presume "TRYING other methods and threads "...
and some just get on......not wanting to ask "STUPID " questions.....
anyway take care and may you share more trades you take or not



baz
  • #4,150
  • Jul 18, 2009 10:19am Jul 18, 2009 10:19am
Quoting One14
Still learning, practicing, reading. I haven't taken any DAILY trades on Stars or Hammers, but I must admit I tried it on lower time frames. I found myself stress free down there and profitable overall (small live account), but I stopped. It's more work than the daily and I want to master the higher TF. Before you shoot me for being live, I found that I, like yourself, needed to be live. Demo was too fake for me and being live I am proving to myself that I can follow my plan.

I related big time to Pistol Dave's post (#4055 on page 271). I have...
Still in the plan, Corbett, no tests, providing there is demand.

""Every once in a while I get that feeling like I have to make money fast."" Don't forget this is a double edged sword - every time I tried it, I LOST money fast!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,151
  • Jul 18, 2009 10:21am Jul 18, 2009 10:21am
Quoting CrudeCraig
Still sticking to the dailies here, as i feel that is where i would truley like to be. Allowing me to enjoy life and truley make my money work for ME!! Not the other way around. I work for my money enough as it is, I would like to change that...

Just been doing a lot of studying lateley, lots of reading through the J16 threads early pages, studying as many charts and markets as possible, drawing S&R on thousands of charts. marking out weekley PPZ's and seeing how price reacts to these on the dailys has really helped me to understand the areas...
Keep studying and practicing Craig, your reward will come.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,152
  • Jul 18, 2009 10:22am Jul 18, 2009 10:22am
Quoting alter
Hello
What broker do you use? I don't have anything worth taking on my charts.
FXCM
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,153
  • Jul 18, 2009 10:34am Jul 18, 2009 10:34am
Everyone:

Remember last week I posted that it only took me less than 5 minutes to do my end of week analysis on 16 pairs? This was an indication of the lack of opportunities at that time.

Monday changed all that! Those BUOB/Hammers forming double and triple bottoms turned those pairs from Rip Van Winkle to Bonnie & Clyde!

Again, look for break outs from these consolidations as they are usually powerful moves but beware the fake outs by the big boys (they know what the little guys are looking and waiting for).
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,154
  • Edited 12:16pm Jul 18, 2009 11:43am | Edited 12:16pm
Hello everyone
Yes I am still here too, trying to watch all the posts on the thread (although not always in a particularly timely manner). The summer is a busy time for me as we have a fair bit of land and grass & hedges just don't stop growing. That's on top of being busy in my day job (no complaint, I am very grateful to have one)
Despite this I to share the frustration of many at not seeing any set ups on the daily tf. Like most who have posted I have been reading J16 and other threads and taking a look at the indices, metals & Nicola's fave on all the time frames. However I really do mean taking a look. I have drawn SR levels, added the 20 & 50 ma's and looked to see how each different commodity / index / currency cross reacts (or not) too them. If it appears to react to one I look to see if I can identify a set up from the candle patters that formed leading up to the move. As I committed to when I joined this thread I am proud to advise that I have not placed a live trade at all, not one.
I have just downloaded the 'Jing' software and am posting a few screen dumps just to see if they work OK (I don't want to screw up the page on the thread for every one)
best to all, & keep it up
Paul
Attached Image(s) (click to enlarge)
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  • #4,155
  • Jul 18, 2009 11:49am Jul 18, 2009 11:49am
hi strat: just curious how did you take the G/U on monday for example?
is it double bottom and falling out of trend channel
plus U/Chf at 1.09 (ranging high) indicate a reversal possible? thanks.

Quoting strat
Everyone:

Remember last week I posted that it only took me less than 5 minutes to do my end of week analysis on 16 pairs? This was an indication of the lack of opportunities at that time.

Monday changed all that! Those BUOB/Hammers forming double and triple bottoms turned those pairs from Rip Van Winkle to Bonnie & Clyde!

Again, look for break outs from these consolidations as they are usually powerful moves but beware the fake outs by the big boys (they know what the little guys are looking and waiting for).
Attached Image
  • #4,156
  • Jul 18, 2009 11:56am Jul 18, 2009 11:56am
Quoting billye
hi strat: just curious how did you take the G/U on monday for example?
is it double bottom and falling out of trend channel
plus U/Chf at 1.09 (ranging high) indicate a reversal possible? thanks.
You have posted a H1 chart. All my trades are based on the Worker chart nothing else/nothing shorter.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,157
  • Jul 18, 2009 12:01pm Jul 18, 2009 12:01pm
Quoting strat
You have posted a H1 chart. All my trades are based on the Worker chart nothing else/nothing shorter.
thanks, worker chart means daily? but on daily it seems to fall out of last weekend's trend channel and forming a head/shoulder/shoulder pattern

... or this one?

faint I found daily can still draw an uptrend channel... see chart3...
Attached Images
  • #4,158
  • Jul 18, 2009 12:05pm Jul 18, 2009 12:05pm
Quoting PaulKing
Hello everyone
Yes I am still here too, trying to watch all the posts on the thread (although not always in a particularly timely manner). The summer is a busy time for me as we have a fair bit of land and grass & hedges just don't stop growing. That's on top of being busy in my day job (no complaint, I am very grateful to have one)
[font=Trebuchet MS][size=2]Despite this I...
That Jing shows good screenshots and edits - will have to give it another spin.

""As I committed when I joined this thread I am proud to advise that I have not placed a live trade at all, not one."" Paul, you don't know how pleasing it is to me to read this, well done and keep persevering.

On your BOSS chart, you should really pull your fibs from the mid July highs where the downfall really started.

Pay attention to where price is at on the fib retracements of each time frame for further clues as to possible future direction.

If only our accounts grew as fast and consistent as grass, hedges and weeds grow, eh Paul? Keep doing what you're doing and you will get there.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,159
  • Jul 18, 2009 12:28pm Jul 18, 2009 12:28pm
Quoting billye
thanks, worker chart means daily? but on daily it seems to fall out of last weekend's trend channel and forming a head/shoulder/shoulder pattern

... or this one?

faint I found daily can still draw an uptrend channel... see chart3...
mei wen ti, Billye

I don't like channels unless I can take advantage of them so for the most part, I ignore them.

Here is my chart and the explanation which should help. If not, ask again.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 23 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,160
  • Jul 19, 2009 3:12am Jul 19, 2009 3:12am
Quoting strat
That Jing shows good screenshots and edits - will have to give it another spin.
I would recommend you do, it is really good and easy to use once you understand it.

VB,
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