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  • #5,321
  • Sep 15, 2009 3:44pm Sep 15, 2009 3:44pm
Here's an update from my first analysis with what I think is the better DSRI...I also used a different broker (ODL vs Alpari) and in this case the Sunday stick is included...PA doesn't look as bearish now.
Attached Image (click to enlarge)
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Hope is not a trading strategy
  • #5,322
  • Sep 15, 2009 3:56pm Sep 15, 2009 3:56pm
Quoting strat
Here are some very interesting observations from a new member who wishes to remain anonymous who worked at a very large Investment Bank:...

thanks strat.

always great to learn that the people that run the world are dummer then you!

maybe just maybe i can dumb it down a bit and sneek myself among them
  • #5,323
  • Sep 15, 2009 3:56pm Sep 15, 2009 3:56pm
Quoting Sinan
Here's an update from my first analysis with what I think is the better DSRI...I also used a different broker (ODL vs Alpari) and in this case the Sunday stick is included...PA doesn't look as bearish now.
Sinan, you cannot move DSRI to suit your belief. The DSRI is FIXED until the next supply or demand point is produced. The correct DSRI using the latest data and demand points show a BEARISH chart.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,324
  • Sep 15, 2009 4:15pm Sep 15, 2009 4:15pm
Quoting strat
Sinan, you cannot move DSRI to suit your belief. The DSRI is FIXED until the next supply or demand point is produced. The correct DSRI using the latest data and demand points show a BEARISH chart.
ok thanks, so I should have kept her as attached looking back at previous examples...
Attached Image (click to enlarge)
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Hope is not a trading strategy
  • #5,325
  • Sep 15, 2009 4:32pm Sep 15, 2009 4:32pm
Quoting strat
Alter,

“”Im not happy with the results but satisfied with setups””

And you should NOT be happy.

There is something fundamentally wrong with your trading, Alter. What I see from this is that you are trading EVERY set up.

Every “set up” is NOT A TRADE. Each “set up” must be filtered and qualified BEFORE entering a trade.

Comments on EURGBP chart:

I don’t see a valid DSRI

[font=Arial]The...
nice.
so the current DSRI is the landmark of that trade.
  • #5,326
  • Sep 15, 2009 4:51pm Sep 15, 2009 4:51pm
Quoting alter
Strat I don't understand why DSRI on EURGBP is not valid. Here is bigger picture and it looks pretty significant.

Regarding gold, ok maybe it is not SS I normally call it Pin bar that is also reversal pattern. There is no DSRI but 1000 was tested couple of times and i has always been rejected which tells me 1000is strong rezistance. Trend is up of course as we are looking for SS at the end of the up move.

I trade real money, have still 5 trades runnnig. If I was to stop trading after couple of loosers I guess I wouldn't be mentally prepared.
Thank...
my previous post was about eur/gbp trade yes it was wrong.
but about gold i see it pin(or ss).
then whats wrong about trading against immediate trend. isnt reversal candle are traded against immediate trend? specially if near r or s.
its failed trade not failed set up
  • #5,327
  • Sep 15, 2009 5:02pm Sep 15, 2009 5:02pm
Quoting Sinan
ok thanks, so I should have kept her as attached looking back at previous examples...
Much better but still not using the most recent data. There is a demand point in the middle of that sometime in late August which provides a more accurate demand.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,328
  • Sep 15, 2009 5:06pm Sep 15, 2009 5:06pm
Quoting rockk
my previous post was about eur/gbp trade yes it was wrong.
but about gold i see it pin(or ss).
then whats wrong about trading against immediate trend. isnt reversal candle are traded against immediate trend? specially if near r or s.
its failed trade not failed set up
""then whats wrong about trading against immediate trend."" EVERYTHING!

""isnt reversal candle are traded against immediate trend? specially if near r or s."" You need to go back to the beginning of The Path of Learning by asking such a basic question.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,329
  • Sep 15, 2009 5:09pm Sep 15, 2009 5:09pm
Quoting elitejets
The power of DSRI .. an update

GBPAUD daily:
And the Power can be seen on 4 out of 5 of those rallies! I might have to add GBPAUD to my watch list after all!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,330
  • Sep 15, 2009 5:16pm Sep 15, 2009 5:16pm
Quoting strat
Here are some very interesting observations from a new member who wishes to remain anonymous who worked at a very large Investment Bank:

“”Some of my key thoughts from my time on the front line:

• There is NO big plan, Investment Banks are more like the wild west than the CIA. Traders are all lone rangers (or cowboys) trying to protect their P&L from their usually incompetent manager (who is usually a bad trader who had the right friends).

[font=Arial]• There was and still is an “anything...
thats a true story about greedy ppl and good ppl in every aspect of life... not only in financial field.
  • #5,331
  • Edited 6:16pm Sep 15, 2009 6:09pm | Edited 6:16pm
Quoting Sinan
ok thanks, so I should have kept her as attached looking back at previous examples...
Sinan
I have USDJPY in a very big descending channel if that helps (first chart) ...

And in my view we are in a downtrend until we break up through the line I have shown in the second chart or we make a higher low.

PS - if you are a USDJPY bear you are not alone, you are on my team! If we break 90 I see 87 next.
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  • #5,332
  • Sep 15, 2009 6:20pm Sep 15, 2009 6:20pm
Quoting elitejets
Sinan
I have USDJPY in a very big descending channel if that helps (first chart) ...

And in my view we are in a downtrend until we break up through the line I have shown in the second chart or we make a higher low.

PS - if you are a USDJPY bear you are not alone, you are on my team! If we break 90 I see 87 next.
Bloody hell! That's almost as wide as the English Channel! Over 500+ pips but nevertheless, valid and effective.

""Nicola had a little lamb, she also had a bear
I've often seen her little lamb, but I've never seen her bear!""
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,333
  • Sep 15, 2009 6:20pm Sep 15, 2009 6:20pm
Quoting strat
The big hedge funds are the market movers, not really the Investment Banks.
100% agree.
  • #5,334
  • Sep 15, 2009 6:23pm Sep 15, 2009 6:23pm
Quoting strat
Bloody hell! That's almost as wide as the English Channel! Over 500+ pips but nevertheless, valid and effective.
You could learn to love range trading if they were all this big ...
If you put it on the boss (weekly) it doesn't look so scary
  • #5,335
  • Edited 10:23pm Sep 15, 2009 10:06pm | Edited 10:23pm
I would like to see 91.70 tested again. I still see that whole negative W/M picture as the world's largest bear trap. That monthly failure is a thing of beauty from a PA perspective though at 101.30. If it's accurate the market should hit 50 - I don't see that happening. Accordingly, I am still fighting the tide on this one. I am forced to be happy with incremental pops, but I would really like to just put this one away and dust it off next year. Hasn't happened yet though, obviously. I will be a well protected, happy camper, though, if 90.50 holds.

To date the shorts are in perfect charge of the technical points - a bit odd for USDJPY.....something is amiss!
  • #5,336
  • Sep 15, 2009 10:30pm Sep 15, 2009 10:30pm
So do they still call it a triple top down under -- or does that make it a triple bottom? Hmmmmm......either way I am with the trend on this one at this stage.
  • #5,337
  • Sep 15, 2009 10:32pm Sep 15, 2009 10:32pm
Speak to me USDCHF - are you telling me where the EURUSD is going?
  • #5,338
  • Sep 15, 2009 11:34pm Sep 15, 2009 11:34pm
Quoting Alexandra
Speak to me USDCHF - are you telling me where the EURUSD is going?
if he tell you something ,pls let me know
  • #5,339
  • Sep 15, 2009 11:37pm Sep 15, 2009 11:37pm
Valid example of shrting against immdiate trend.arraw
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  • #5,340
  • Sep 16, 2009 12:02am Sep 16, 2009 12:02am
Quoting rockk
Valid example of shrting against immdiate trend.arraw
What the hell are you talking about? That's trend continuation or TRADING WITH THE TREND!
15 YEARS OF PASR ON FOREX FACTORY!
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