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  • #4,541
  • Aug 13, 2009 9:39am Aug 13, 2009 9:39am
http://online.wsj.com/article/SB1250...googlenews_wsj

Wonder if they are big fat liars like all the others ...
  • #4,542
  • Aug 13, 2009 10:58am Aug 13, 2009 10:58am
Quoting strat
No, don't jump in without PASR and without what the big boys sentiment is
That BEOB is not a PA?
  • #4,543
  • Aug 13, 2009 11:36am Aug 13, 2009 11:36am
Quoting elitejets
http://online.wsj.com/article/SB1250...googlenews_wsj

Wonder if they are big fat liars like all the others ...

That's the best sell signal I have ever seen! Await the proper PA....possible against 95.10?
  • #4,544
  • Aug 13, 2009 12:14pm Aug 13, 2009 12:14pm
Quoting strat
Come on, Alexandra, you're not fooling me that you're trading blind - me thinks you have something up your skirt!

You know, all kidding aside.....honestly, despite last night's positive EURUSD run up to 4325, today's US session nonsense is best left unwatched to see where things close. I am going to the spa.
  • #4,545
  • Aug 13, 2009 1:16pm Aug 13, 2009 1:16pm
Hello all. I'm so glad I've finally located the Path to Forex Trading Knowledge! I, like many others, have been mired up to my knees in 5 minute and 15 minute charts, systems, indicators, blah, blah, blah, that I'm sick of them. I joined Forex Factory to learn the proper method of trading, and up to the past few days and been meandering to and fro though thousands upon thouosands of misleading messages and information.

I've read through all of the postings on this thread and have been so pleasantly surprised to see that everyone here is truly focused on LEARNING and not on bickering, back-biting and in-fighting. I am ready to learn all there is to learn about PASR, if you will let me join in.

As an aside, I now live in Columbus, Ohio, but lived in Huntingdon, Cambs for six years during the 1970's when I was posted to RAF Alconbury (3 yrs) and RAF Chicksands (3 yrs) as a member of the USAF.

During that time I also played bass guitar in a little country-rock band called (appropriately) "The Sounds of Country" and we played a lot of local clubs and pubs. Whew - those were the days!

And finally, I was a huge fan of Manchester United Footbal Club. (smile)

I look forward to becoming a productive member of Strat's Long Term Stress Free Trading Team and promise never to look again at anything under a daily chart - unless directed to by you more knowledgeable people. Thank you.

=Ed=

PS: What steps must I take to register for the Path to learning? Thanks again.
  • #4,546
  • Aug 13, 2009 2:46pm Aug 13, 2009 2:46pm
I HAVE TRIED TO SEEK FOR FINANCIAL HELP TO FUND BUT DID NOT WORK,SO I HAVE DECIDED TO GIVE THIS SYSTEM OUT TO THE WORLD TO USE MAKE MONEY,IF THIS IS HOW I WILL HELP HUMANITY,THEN I HAVE CONTRIBUTed

SYSTEM INTRODUCTION

THIS TRADE STRATEGY USES SMOOTH MA, R.S.I AND PLATFORM SCALE MEASUREMENT.IT TRADES MAXIMUM OF 5-6 A MONTH ,ITS SAME SETTING FOR 1 AND 4 HR CHART .

STRATEGY ENTRY PARAMETERS

1 10 SMOOTHED MA
2 4 SMOOTHED MA SHIFT -1
3 RSI 14 MARK 55 AND 45
4 VERTICAL SCALE LINE F-F ( FRIDAY TO FRIDAY)

WORKING OPERATION
WHEN THE 4 MA CROSSES OVER 10 MA THEN WAIT FOR RSI TO MOVE EITHER BELOW 45 TO 43 TO THE SELL. THEN SELL;.AT A VALID SCALE

WHEN THAT ALSO HAPPENS TO THE BUY AND RSI ABOVE 55 TO 57 THEN BUY AT A VALID SCALE


VALID SCALE
THE F-F( FRIDAY TO FRIDAY ) SCALE IS SAID TO BE VALID WHEN DISTANCE BETWEEN THE SWING LOW OF PREVIOUS SCALE TO THE POINT WHERE THE MA MADE THE CROSS OVER IS UP TO 400 PIPS,OR DISTANCE BETWEEN THE LAST scale SWING LOW TO POINT OF MA CROSS OVER IS UP TO 500 PIPS,THEN ALL PARAMETERS ARE VALID TO PLACE A SELL ORDER.VICE VERSA FOR A BUY SCALE MEASUREMENT.


THIS STRATEGY HAS WHAT I CALL A NEUTRALIZE ORDER WHEREBY A LOST TURNS BACK UR MONEY IF THE TRADE TURNS AGAINST U. IF THIS HAPPENS U JUST LEAVE THE TRADE FOR A LONGER TIME MAX 10 DAYS TO TRADE ITSELF IN,but u will have max of losses once in every 3 months of trade ,for every 2000 equity plz use 0.05 for money management sake. then follow strictly ,the system.


THE MAIN ORDER SETTING
TP=200 PIP
SL=450 PIP

NEUTRALIZER
TP= 450
TP= 450

I HAVE TO SIMPLIFY THIS BY ATTACHING A RECENT PLATFORM PAGE,from a friends live account, MAKE THE MONEY AND REMEMBER THIS FELLOW ,THANK U PEACE.
Attached Image(s) (click to enlarge)
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  • #4,547
  • Aug 13, 2009 4:26pm Aug 13, 2009 4:26pm
hammer on usdcad off the support, anyone going to trade it?
  • #4,548
  • Aug 13, 2009 5:38pm Aug 13, 2009 5:38pm
Sadly I am still bearish on that one longer term. I can see the argument though, in light of the weekly chart. May be a reasonable R/R.
  • #4,549
  • Aug 13, 2009 7:14pm Aug 13, 2009 7:14pm
Quoting swingdroids
I HAVE TRIED TO SEEK FOR FINANCIAL HELP TO FUND BUT DID NOT WORK,SO I HAVE DECIDED TO GIVE THIS SYSTEM OUT TO THE WORLD TO USE MAKE MONEY,IF THIS IS HOW I WILL HELP HUMANITY,THEN I HAVE CONTRIBUTed

SYSTEM INTRODUCTION

THIS TRADE STRATEGY USES SMOOTH MA, R.S.I AND PLATFORM SCALE MEASUREMENT.IT TRADES MAXIMUM OF 5-6 A MONTH ,ITS SAME SETTING FOR 1 AND 4 HR CHART .

STRATEGY ENTRY PARAMETERS

1...
Are you sure you have posted on the correct thread?

We don't trade systems - we trade PASR
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,550
  • Aug 13, 2009 7:42pm Aug 13, 2009 7:42pm
Hi Strat. I've, like you, traded anything that can be seen, grown, or eaten, but have never settled on one central idea. I like to keep my trading of the forex market very simple and have always had luck playing the one hour chart in tandem with the daily one the usd denominated pairs. I've never had the cojones, though, to hold a trade overnight. I like what you're doing, though, as well, as your motto, "trader helping traders." I couldn't agree with you more! I think the more people that become involved in one central idea, the better consensus you can have on the direction of any particular pair. I look forward to going back and reading the rest of the thread and hope we all see much success in the time to come! Anyway, I don't post much and just wanted to introduce myself.
  • #4,551
  • Aug 13, 2009 9:20pm Aug 13, 2009 9:20pm
Quoting PistolDave
Tiddly winks. LOL.

I'm "joining up" in STRAT'S BOOT CAMP today. I need all the training I can get.

One of my main confusions is to determine the S/R zones where price will be likely to react. To my untrained eye, there appears to be S/R all over the place.

Here is an example of what I mean.

[font=Arial]On the AUDUSD chart the swing high on June 03 has been exceeded and price apparently has retraced and tested the Daily SR at 0.8200 and formed a hammer. Not a good...
Dave,

“”One of my main confusions is to determine the S/R zones where price will be likely to react. To my untrained eye, there appears to be S/R all over the place.””

If you don’t know how to determine S&R, there are plenty of posts within the thread – there is also a very good one from Blackeagle – find those and study them and I’m sure it will become clearer.

“”On the AUDUSD chart the swing high on June 03 has been exceeded and price apparently has retraced and tested the Daily SR at 0.8200 and formed a hammer.””

Had your candle closed when you wrote this? It is a BUEB bouncing off support on my feed and as you can see was PA for a long position.

“”The problem I have run into is that I'm not sure if this would be considered a good rejection off of SR, because price has not really closed near it, only the tail is near the "support" area. Would it be a higher probability trade to wait until there is a candle where price has closed closer to the SR area instead of having the close so far away from SR? Or is that not important?””

This question tells me you have not done enough screen time practicing thousands of hours on thousands of charts. You really must study each candle at S&R in various situations to understand PA.

It also tells me you are not looking at each candle and understanding what the buyers and sellers have done within that candle and who came out on top when the candle closed thereby giving you an indication of sentiment.

I can answer your question directly but since I don’t like spoon feeding, I want you to try and work it out for yourself. See what you come up with.

“”Also, I know you have said many times that a hammer or shooting star has to be at the end of a downtrend or uptrend. Would the formation shown here, even though it's only seven candles from high to low (see downtrend line from 08/04 to 08/12) be enough to be considered a downtrend?””

Don’t take my statements in isolation – they are to be used in conjunction with price at where it is at, the candles around it, the state of the pair (trending or consolidation etc.

So step back and look at your chart – what is the pair doing? What would Dr. Joe say? Is this a retrace or a new trend? Where is price now? Where is it relative to S&R.

If you are still not sure – get back to us.

“”I also have questions about situations where price appears to break SR and how you approach that, but I will wait 'til later for that.””

This question tells me you have not done enough screen time practicing thousands of hours on thousands of charts. You really must study each candle at S&R in various situations to understand PA.

Dave you are cheating yourself – you are trying to jump into the middle of all this without UNDERSTANDING the basics – you really must go back to the BEGINNING and read and UNDERSTAND every single post before moving on to the next.

You must also put in the hard work to practice f12 on as many pairs as you can find – for more practice you can even go down to H4 but don’t go any lower.

Practice, practice, practice and practice on thousands of charts until you can recognize PASR with your eyes closed while standing on your head and when you’ve done that, Practice, practice, practice and practice on thousands of charts until you can recognize PASR with your eyes closed while standing on your head!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,552
  • Aug 13, 2009 9:27pm Aug 13, 2009 9:27pm
Quoting petero
Hi Strat

How does one apply for Mentorship with yourself and BabaG.

I've been kicking around FF here for a few years. I'm trading live on a micro account, but have less confidence in my skills that I think I should have to be trading real $$$ that I worked my butt off to earn. So, I mostly trade the hell out of a IBFX demo account. Practice Practice

Been through several "systems". Mixed results. Learned from all.
I'm facinated by currency strength and correlation trading, but it always comes back to price action and reading a chart. That's...
Petero,

All are welcome - even those that do sacrilege to an already perfect instrument - shame on you!

Just send NAWS a PM with your details and then step on The Path of Learning - but take small, gentle steps!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,553
  • Edited 9:58pm Aug 13, 2009 9:29pm | Edited 9:58pm
Quoting Naws
I too would like to know how the close affects things. Although the way I see it is that the long wick shows that sellers brought the price down to the support area then buyers came in and brought the price all the way back - so this shows the rejection of support.
So haven't you answered your own question?

It is not a REJECTION of support, it is a CONFIRMATION
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,554
  • Aug 13, 2009 9:35pm Aug 13, 2009 9:35pm
Quoting elitejets
http://online.wsj.com/article/SB1250...googlenews_wsj

Wonder if they are big fat liars like all the others ...
Let's look at this logically:

Analysts + Politicians = smoke and mirrors

Unless Japanese culture has changed since we lived in Tokyo in 1994, I don't think for a minute they will tolerate a strong yen - but what was that Dylan song again - The Times They are a changing!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,555
  • Aug 13, 2009 9:38pm Aug 13, 2009 9:38pm
Quoting Naws
That BEOB is not a PA?
It most definitely is BUT what about the other part, SR?

Where is the BEOB at?

Where do we only want to trade BEOBs at?

Have you read my other posts about what I said about USDCAD?
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,556
  • Aug 13, 2009 9:49pm Aug 13, 2009 9:49pm
Quoting enewbold
Hello all....
Welcome Ed,

“”As an aside, I now live in Columbus, Ohio, but lived in Huntingdon, Cambs for six years during the 1970's when I was posted to RAF Alconbury (3 yrs) and RAF Chicksands (3 yrs) as a member of the USAF.””

Hmm, So you were on of those Yanks playing with our girls huh!

“”During that time I also played bass guitar in a little country-rock band”” – I like the “rock” bit but as for the other bit…………………….

“”I was a huge fan of Manchester United Football Club.”” – was? At least you understand what “REAL” FOOTBALL is!

Send NAWS a PM with your details and he will open the door to The Path for you
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,557
  • Aug 13, 2009 9:51pm Aug 13, 2009 9:51pm
Quoting strat
Let's look at this logically:

Analysts + Politicians = smoke and mirrors

Unless Japanese culture has changed since we lived in Tokyo in 1994, I don't think for a minute they will tolerate a strong yen - but what was that Dylan song again - The Times They are a changing!

I believe it was Idiot Wind actually.
  • #4,558
  • Aug 13, 2009 9:52pm Aug 13, 2009 9:52pm
Quoting Naws
hammer on usdcad off the support, anyone going to trade it?
Wait a minute! Only a few posts back you were going short off of a BEOB!

Don't get sucked into back and forth PASR - make sure you know where you are at with the pair.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,559
  • Aug 13, 2009 9:55pm Aug 13, 2009 9:55pm
Quoting manperm
Hi Strat....
Well you've posted now and set your own precedent so we look forward to your future posts.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,560
  • Edited Aug 14, 2009 12:05am Aug 13, 2009 11:47pm | Edited Aug 14, 2009 12:05am
Quoting strat
Wait a minute! Only a few posts back you were going short off of a BEOB!

Don't get sucked into back and forth PASR - make sure you know where you are at with the pair.
yea lol it keeps throwing out different candles

I didn't actually trade on the beob, I like the hammer better because its off good support

edit - the weekly looks like it will be a shooting star so thats not good for the hammer best to leave it alone
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