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  • #5,341
  • Sep 16, 2009 12:08am Sep 16, 2009 12:08am
expected hh?
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  • #5,342
  • Sep 16, 2009 12:15am Sep 16, 2009 12:15am
Quoting rockk
Valid example of shrting against immdiate trend.arraw
We can find a lot of reasons why the setup was not good. After the fact. On your example EURAUD made HL so yes we can say we are trading against immediate trend. It is better just to accept that method has and will have losers then to pretend it is flawless.
  • #5,343
  • Sep 16, 2009 12:18am Sep 16, 2009 12:18am
Quoting rockk
Valid example of shrting against immdiate trend.arraw
I'd guess that most of these guys would call it selling a pullback, five up bars is hardly a trend.....
  • #5,344
  • Sep 16, 2009 12:25am Sep 16, 2009 12:25am
Quoting alter
We can find a lot of reasons why the setup was not good. After the fact. On your example EURAUD made HL so yes we can say we are trading against immediate trend. It is better just to accept that method has and will have losers then to pretend it is flawless.
you see a, the whole wonderfull thing is that this isnt a method,this is a way to understand the market...its perfection is directly linked to your understanding
  • #5,345
  • Sep 16, 2009 12:34am Sep 16, 2009 12:34am
Quoting pizdun
you see a, the whole wonderfull thing is that this isnt a method,this is a way to understand the market...its perfection is directly linked to your understanding
Well, it is not good if you do not have the method on your way. Personally I don't like to walk blindly.
  • #5,346
  • Sep 16, 2009 12:59am Sep 16, 2009 12:59am
Quoting alter
We can find a lot of reasons why the setup was not good. After the fact. On your example EURAUD made HL so yes we can say we are trading against immediate trend. It is better just to accept that method has and will have losers then to pretend it is flawless.
i agree with your concept that its easy to find alot of reasons after the fact not before.
by the way my second chart was not example of selling aginst immediate trend, it was just possible trade set up.
again i agree with the last part of your post;every method have wins and losses.
  • #5,347
  • Sep 16, 2009 1:14am Sep 16, 2009 1:14am
Quoting foredog
I'd guess that most of these guys would call it selling a pullback, five up bars is hardly a trend.....
what do you mean these guys ?
you can call it pull back you can say retrace , no problem.
someone call it ss ,the other say shooting star.
someone call BEOB, the other say bearish engulfing.
its not chemistry, we are open minded, i understand what you mean and you understand what i mean no big deal about that.
but dont tell me that selling against pullback(or retrace) or immediate trend is wrong!!!
you can say its risky .. thats acceptable. we are not newbies
I can sell against immediate trend, you can , all big traders allover the world can.
otherwise how price will revers my friend?
  • #5,348
  • Sep 16, 2009 1:22am Sep 16, 2009 1:22am
Quoting rockk
what do you mean these guys ?
you can call it pull back you can say retrace , no problem.
someone call it ss ,the other say shooting star.
someone call BEOB, the other say bearish engulfing.
its not chemistry, we are open minded, i understand what you mean and you understand what i mean no big deal about that.
but dont tell me that selling against pullback(or retrace) or immediate trend is wrong!!!
you can say its risky .. thats acceptable. we are not newbies
I...
I never said you were wrong.

I was just attempting to clear up what appeared to be cross messages. You're use of the word trend probably "spooked" a few who thought you meant trading against the larger trend (down) as opposed to after the short term upward movement with a pin bar/shooting star etc which possibly indicated the end of this short term upwward movement.
  • #5,349
  • Sep 16, 2009 1:33am Sep 16, 2009 1:33am
Hi everyone, I am new to FF, and spent last week and this week going thru a lot of forum. They all have their goods in them. But I am really impressed by your honesty, Strat and by especially your earlier quote
"My problem was FEAR - I didn't trust anything, least of all myself so I always wanted something to confirm and then something to confirm the confirmer and so on. You have to find a system/strategy that works and then learn it, believe in it, and as Mr Nike says, JUST DO IT!"

Thank again for sharing your valuable experience, and read as fast and as much of your whole thread as I can.


Fuman
  • #5,350
  • Sep 16, 2009 2:38am Sep 16, 2009 2:38am
Quoting foredog
I never said you were wrong.

I was just attempting to clear up what appeared to be cross messages. You're use of the word trend probably "spooked" a few who thought you meant trading against the larger trend (down) as opposed to after the short term upward movement with a pin bar/shooting star etc which possibly indicated the end of this short term upwward movement.
exactly
  • #5,351
  • Sep 16, 2009 3:58am Sep 16, 2009 3:58am
I thought this might interest the people looking at USDJPY and other yen pairs:

http://news.bbc.co.uk/1/hi/business/8258362.stm
  • #5,352
  • Sep 16, 2009 9:07am Sep 16, 2009 9:07am
I think that the signs are getting clearer ... an inside bar today would be nice.

Note to Newbies. IF it is an inside bar and IF you trade it do not trade the break of the inside bar, trade the break of the big red marabuzo candle before it but use the top of the inside bar for your stops. These are IF's as its not an inside bar yet.
My first target for this trade is 1.63, second target is 1.60, and it is higher risk because technically it is rangebound
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  • #5,353
  • Sep 16, 2009 10:30am Sep 16, 2009 10:30am
Quoting AstonDan
I thought this might interest the people looking at USDJPY and other yen pairs:

http://news.bbc.co.uk/1/hi/business/8258362.stm
Well that's a FIRST! It will be interesting to see if they keep their word.

My suspicious nature thinks its to ease people's concerns, put them off guard and then while they're sunning themselves on the beach, BOJ will hit it hard!

Either way, it will all be reflected in the technicals.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,354
  • Sep 16, 2009 10:34am Sep 16, 2009 10:34am
Quoting rockk
exactly
rockk, foredog - ENOUGH!

We are all talking the same language:

Sell rallies in downtrends

Buy dips in uptrends

SIMPLE tactics for spectacular results.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,355
  • Sep 16, 2009 10:45am Sep 16, 2009 10:45am
Quoting elitejets
I think that the signs are getting clearer ... an inside bar today would be nice.

Note to Newbies. IF it is an inside bar and IF you trade it do not trade the break of the inside bar, trade the break of the big red marabuzo candle before it but use the top of the inside bar for your stops. These are IF's as its not an inside bar yet.
My first target for this trade is 1.63, second target is 1.60, and it is higher risk because technically it is rangebound
I'm partial to outside bars myself, especially those on the beach!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,356
  • Sep 16, 2009 11:44am Sep 16, 2009 11:44am
Quoting elitejets
I think that the signs are getting clearer ... an inside bar today would be nice.

Note to Newbies. IF it is an inside bar and IF you trade it do not trade the break of the inside bar, trade the break of the big red marabuzo candle before it but use the top of the inside bar for your stops. These are IF's as its not an inside bar yet.
My first target for this trade is 1.63, second target is 1.60, and it is higher risk because technically it is rangebound
A great trade if it happens. At the moment on my feed in the UK the inside bar is blue not red. So if it stays like that it will be another case of 'wait and see' - at least for me. One can only trade on what one's own chart shows.
  • #5,357
  • Sep 16, 2009 11:46am Sep 16, 2009 11:46am
Quoting Alexandra
Speak to me USDCHF - are you telling me where the EURUSD is going?
These two have been the terrible twins for months now - neither helping the other.

Since my target 1.0320 has been penetrated, it looks like she wants a shot at my next target - 1.0270. If she busts that, then I will have to break out the abacus again!
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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,358
  • Sep 16, 2009 11:48am Sep 16, 2009 11:48am
Quoting Lotuselanman
A great trade if it happens. At the moment on my feed in the UK the inside bar is blue not red. So if it stays like that it will be another case of 'wait and see' - at least for me. One can only trade on what one's own chart shows.
One is exactly right, Christopher but two can have a lot more fun!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,359
  • Sep 16, 2009 11:57am Sep 16, 2009 11:57am
Hi Strat, still reading your thread. Many thanks for all the information and knowledge you've shared and continuously sharing.

Started trading using higher time frames but I'm using Ichimoku method. Really stress free and higher chances of winning trades.

Many thanks.
  • #5,360
  • Sep 16, 2009 11:58am Sep 16, 2009 11:58am
This last candle hasn't closed but it is, nevertheless, telling us a story.

Who knows what the story is?
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15 YEARS OF PASR ON FOREX FACTORY!
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