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  • #4,601
  • Aug 17, 2009 11:32am Aug 17, 2009 11:32am
Quoting elitejets
I am not either but posting a chart is easy. When you go to post a reply there is a tab at the top called attachments with a paperclip symbol. You can use that to upload pictures of charts from your computer. Select the file, click upload and then post your reply.


Thank you Nicola,
That did the trick.
  • #4,602
  • Aug 17, 2009 12:43pm Aug 17, 2009 12:43pm
Quoting 30XTCi
Strat, remember what I said about stagnating. We are now back to where we were 13 weeks ago.

Time to move on.

Just wish somebody would post some charts with a ticket on to give others encouragement. come on folks.

Roy

Ill post a few charts later tonight when i get home with the tickets on them. GBP/CHF and Cable have been treating me well the last couple weeks.
  • #4,603
  • Aug 17, 2009 4:23pm Aug 17, 2009 4:23pm
Okay Strat, What have ya got:
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  • #4,604
  • Aug 17, 2009 4:34pm Aug 17, 2009 4:34pm
Why do you guys think these were failed setups?
EURAUD shooting star with the trend, ppz at1.7200 area
NZDJPY similar setup with ppz at 63.00-63.20 area.
We can see failed BEOB on EURAUD on 7.8.09 from the same level , as well.
alter
Attached Image(s) (click to enlarge)
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  • #4,605
  • Aug 17, 2009 6:44pm Aug 17, 2009 6:44pm
Quoting 30XTCi
Strat, remember what I said about stagnating. We are now back to where we were 13 weeks ago.

Time to move on.

Just wish somebody would post some charts with a ticket on to give others encouragement. come on folks.

Roy
Yeah, with all those BEEBs on the BOSS, we should be inundated!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,606
  • Aug 17, 2009 7:02pm Aug 17, 2009 7:02pm
Quoting Alexandra
Okay Strat, What have ya got:
Well after much eager anticipation, yours looks like mine - apart from the TLs!

So now we need to get between your ears to find out what your funny mentals hold!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,607
  • Aug 17, 2009 7:14pm Aug 17, 2009 7:14pm
Quoting alter
Why do you guys think these were failed setups?
EURAUD shooting star with the trend, ppz at1.7200 area
NZDJPY similar setup with ppz at 63.00-63.20 area.
We can see failed BEOB on EURAUD on 7.8.09 from the same level , as well.
alter
Well, Alter, my friend, its back to candle recognition for you or dare I say, you need to “alter” the way you look at candles!

Your EURAUD is no more a shooting star than my big toe! Yes, its nicely proportioned but look where it is at – it needs to be at the END of a trend, if only a retrace trend. The wick needs to be free and clear of all other candles and “shooting” beyond the high of the previous candles. Go back to the previous “REAL” shooting star around July 14 – does it look like that? That is a classic example of a Shooting Star.

The reverse is true for what you describe as a “hammer” on NZDJPY – it is no more a hammer than my little finger! Again, it needs to be at the end of a trend and be free and clear of all other candles and “hammering” prices lower than the previous candles. Although not perfect, but much better placed, look at the one on July 13.

You need to spend lots and lots of time with f12 on Shooting Stars and Hammers to recognize these.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,608
  • Aug 17, 2009 7:41pm Aug 17, 2009 7:41pm
Quoting strat
Well, Alter, my friend, its back to candle recognition for you or dare I say, you need to “alter” the way you look at candles!...
How much candles do we need to call a trend? We want to use shooting stars and hammers to get into a main trend after a small retrace trend right? Or else we'd be trading against the trend all the time which is no good
  • #4,609
  • Edited 11:13pm Aug 17, 2009 10:58pm | Edited 11:13pm
As i said earlier in the day i would like to post some of my current trades. Let me just say first that my first month of trading this method i did quite well, i was up 18% at one point while not risking over 3% on demo. The last month and a half have not been so great with all of the ranging in most of the majors.

I managed to lose 8% of those winnings!!!!!


I accomplished this quite easy by over trading some really crappy price bars and not following my plan as i felt kind of "invincible" from my previous months gains. Needless to say I have now pounded the need for Patience and Discipline into my thick head!!!

I have also been working on staying in my trades until they prove me WRONG!! Boy has this been tough!! UP DOWN UP DOWN over and over again going from positive pips then back to negitive is hard on the trading psyche!! instead of scaling out of a perfectly good trade i would like to scale IN. After thinking and reading about it, it doesnt make much sense if you are willing to take a full bar loss but not full profit. I.E. ("At .5R i will take half off and let the rest run!")


I am now realizing that these entries are quite easy and its the exits where the REAL money is made.

Anyways enough of my rambling, here are some charts.

Please note i did not place these trades solely for the reasons mentioned in each picture( There were more confluences that sealed the deal.)

All four trades are now in triple digit pips

Once again thank you strat for this thread your help is much appreciated.
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  • #4,610
  • Aug 17, 2009 11:43pm Aug 17, 2009 11:43pm
Im not sure what you mean by big toe and little finger
Anyway I thought EURAUD has retraced, on my chart it went back up from 1.6845 almost 400 pips and formed shooting star that you marked as a big toe. The wick is also free from previous candle (160pips) and 1.7200 looks liek good place to be looking for the trade. Yes the bar from 14.7 looks slightly better.
The "little finger " on NZDJPY is not that nice but I thought that the location and the trend is more important then the perfect shape of the bar. The wick
on the bar from 14.7 is just 40 pips longer then previous bar, why is it enought and 160 pips on EURAUD is not enought?

I will spend a lot of time with f12, thank you.

Quoting strat
Well, Alter, my friend, its back to candle recognition for you or dare I say, you need to “alter” the way you look at candles!...
  • #4,611
  • Edited 12:06am Aug 18, 2009 12:05am | Edited 12:06am
Quoting alter
Im not sure what you mean by big toe and little finger
Anyway I thought EURAUD has retraced, on my chart it went back up from 1.6845 almost 400 pips and formed shooting star that you marked as a big toe. The wick is also free from previous candle (160pips) and 1.7200 looks liek good place to be looking for the trade. Yes the bar from 14.7 looks slightly better.
The "little finger " on NZDJPY is not that nice but I thought that the location and the trend is more important then the perfect shape of the bar. The wick
on the bar from 14.7...
This is where the patience and discipline comes in, niether of these bars were at major price swings. look at the last major swing strat pointed out that formed a SS on the 13th of july, that was a 1000 pip swing!!!!

The bar you are refering to is not even a swing imho, it is caught in traffic.

As for the NZD/JPY, look at the close of that candle in relation to the upper wick. Not quite ideal more of a market pause to me and once again not a swing low just some traffic after the BEEB that formed the day before.
  • #4,612
  • Aug 18, 2009 1:18am Aug 18, 2009 1:18am
CrudeCraig it is not necessary that the bar has to be at tho top or at the bottom of the trend, it can be also trend continuation pattern. do u think that 1,7200 is not good ppz to looking for a setup(EURAUD)?
alter

Quoting CrudeCraig
This is where the patience and discipline comes in, niether of these bars were at major price swings. look at the last major swing strat pointed out that formed a SS on the 13th of july, that was a 1000 pip swing!!!!

The bar you are refering to is not even a swing imho, it is caught in traffic.

As for the NZD/JPY, look at the close of that candle in relation to the upper wick. Not quite ideal more of a market pause to me and once again not a swing low just some traffic after the BEEB that formed the day before.
  • #4,613
  • Aug 18, 2009 1:56am Aug 18, 2009 1:56am
Quoting 30XTCi
It looks like the Japanese Yen is going to get stronger weather they like it or not.
USDJPY
AUSJPY
GBPJPY
CADJPY
EURJPY

All these weekly charts are showing the same reversal.

Baba, you watching?

Roy
always...x
  • #4,614
  • Aug 18, 2009 2:02am Aug 18, 2009 2:02am
cable.
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  • #4,615
  • Aug 18, 2009 2:04am Aug 18, 2009 2:04am
kiwi
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  • #4,616
  • Aug 18, 2009 2:08am Aug 18, 2009 2:08am
cad yen
  • #4,617
  • Aug 18, 2009 2:08am Aug 18, 2009 2:08am
cad yen
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  • #4,618
  • Aug 18, 2009 2:12am Aug 18, 2009 2:12am
consolidation station?
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  • #4,619
  • Aug 18, 2009 2:15am Aug 18, 2009 2:15am
more chop than MR Myake in there....careful on all euro crosses.
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  • #4,620
  • Aug 18, 2009 2:18am Aug 18, 2009 2:18am
Karate Kid does Geneva....hard
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