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  • #5,361
  • Edited 12:14pm Sep 16, 2009 12:00pm | Edited 12:14pm
Quoting rockk
if he tell you something ,pls let me know

Goodness! Please pull up the charts and look at the monthly S/R.....did you not think EURUSD would challenge when USDCHF had already gone through? Those were free pips!

You didn't even pull the charts, did you?

More importantly, that little pearl told you what to do on the commodity pairs as well. Do I have to place the orders for you, too?
  • #5,362
  • Sep 16, 2009 12:02pm Sep 16, 2009 12:02pm
Quoting strat
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.
Yes! This is the story. You have already told it!! The market was acting funny - we were due for a large range day. Here it is. The story ends on page 125 LOL!!
  • #5,363
  • Sep 16, 2009 12:05pm Sep 16, 2009 12:05pm
Quoting red01
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.
Good for you. I studied and tried Ichimoku Kinko Clouds for months. I bought the only book worth reading on it by a trader in London called Nicole Elliott. I don't need the book anymore, if you want it, PM me. Like everything else, it works fine in trends but in anything else, as Nicole Elliott and Yuichiro Harada confirm, it is HOPELESS.

PASR is the ONLY technical and chart analysis which works in ANY trading situation. Nothing comes close!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,364
  • Sep 16, 2009 12:23pm Sep 16, 2009 12:23pm
Quoting Alexandra
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....
Alexandra, my dear, each time I look at USDJPY, I think of you (Merseybeats 1963) and feel like Cryin' (Roy Orbison 1961). So, with my trusty abacus in hand (what else?), I will foretell my targets.

Sorry, Nicola, I have 3 more calculated targets below this but the lowest still does not get down to your 87. However, if the last one (88.50) is breached, maybe a new arrangement of the abacus balls will throw out a 87!
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy strat targets.gif Size: 31 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,365
  • Sep 16, 2009 12:26pm Sep 16, 2009 12:26pm
i did say IF we break 90 ... Your latest USDJPY says a lot.

Quoting strat
Good for you. I studied and tried Ichimoku Kinko Clouds for months. I bought the only book worth reading on it by a trader in London called Nicole Elliott. I don't need the book anymore, if you want it, PM me. Like everything else, it works fine in trends but in anything else, as Nicole Elliott and Yuichiro Harada confirm, it is HOPELESS.

PASR is the ONLY technical and chart analysis which works in ANY trading situation. Nothing comes close!
  • #5,366
  • Sep 16, 2009 1:19pm Sep 16, 2009 1:19pm
Quoting strat
For those on The Path of Learning, PM me with your trade for this Worker chart. Assume the BOSS is bullish.

The small marks on the right where price is are spaced 130 pips apart.

NOTE:

Do NOT try and work out which pair this is or what year/month it was.

A chart is a CHART is a CHART and PASR is PASR is PASR no matter what the instrument is.
For all those who participated in this, I have already PM'd you the answer. Today, I have sent you all a PM with a Summary and further tips, hints and help. If you have further questions, please PM. Thanks.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,367
  • Sep 16, 2009 1:20pm Sep 16, 2009 1:20pm
Quoting strat
This last candle hasn't closed but it is, nevertheless, telling us a story.

Who knows what the story is?
Only story I see is that we are in downtrend, but I do not see any pattern that I would take.
  • #5,368
  • Sep 16, 2009 1:23pm Sep 16, 2009 1:23pm
Quoting alter
Only story I see is that we are in downtrend, but I do not see any pattern that I would take.
Look at the bar, look at the location, look at the action. What's the story, morning glory (Oasis - just to bring a bit of youth to the party )
  • #5,369
  • Sep 16, 2009 1:50pm Sep 16, 2009 1:50pm
Looks like a great big ole' rasslin' match at 91 to me. Just like the beginning of the year carrying over from that bounce last October. Another case where S/R trumps DSRI so to speak. Currently both sides seem to be evenly matched on strength, time will tell which side has the most endurance.
Then if they'll kindly leave me a clue, I'll get in line and play follow the leader.

Technical answer to the quiz: Bulls and Bears are currently balanced.
ww

See if I can bring my grade back up to a C.
  • #5,370
  • Sep 16, 2009 2:26pm Sep 16, 2009 2:26pm
Quoting AstonDan
Look at the bar, look at the location, look at the action. What's the story, morning glory (Oasis - just to bring a bit of youth to the party )
I'm looking and I still see downtrend. Bar is Pin bar that would suggest to go long. You would be trading against immediate trend as I was told yesterday.
  • #5,371
  • Sep 16, 2009 2:33pm Sep 16, 2009 2:33pm
Quoting alter
I'm looking and I still see downtrend. Bar is Pin bar that would suggest to go long. You would be trading against immediate trend as I was told yesterday.
Sorry Alter i don't mean to be cryptic but look again: i'm not looking for a signal or a reason to enter, i just mean what story is the bar and its location telling you which is relative to everything around it and lets you know something about who has been driving the market.
  • #5,372
  • Sep 16, 2009 2:46pm Sep 16, 2009 2:46pm
Quoting AstonDan
Sorry Alter i don't mean to be cryptic but look again: i'm not looking for a signal or a reason to enter, i just mean what story is the bar and its location telling you which is relative to everything around it and lets you know something about who has been driving the market.
Bears are definitely driving the market for couple of weeks now. I do not see any DSRI neither. I really don't know what is so spectacular on this setup. Do you?
  • #5,373
  • Sep 16, 2009 2:48pm Sep 16, 2009 2:48pm
Quoting alter
Bears are definitely driving the market for couple of weeks now. I do not see any DSRI neither. I really don't know what is so spectacular on this setup. Do you?
I don't see it as a set up either. As i mentioned, i'm not looking for an entry and i'm not already in it but you can 'read' the story in todays bar.
  • #5,374
  • Sep 16, 2009 3:08pm Sep 16, 2009 3:08pm
Hi Strat,
I´m following your system since start but i have a simple doubt that u can simple help me...
Ex. In EurCad yesterday in daily TF we have a good BEOB, with is top in a good downtrend line..... But in Weekly TF we have a Bullish engulfing bar.. Showing Strong bull moment... What u do in this examples?? Do u trade short?? in BEOB or u wait for weekly bearish move???
Thanks...
Flyforex
  • #5,375
  • Sep 16, 2009 3:29pm Sep 16, 2009 3:29pm
Quoting Alexandra
Goodness! Please pull up the charts and look at the monthly S/R.....did you not think EURUSD would challenge when USDCHF had already gone through? Those were free pips!

You didn't even pull the charts, did you?

More importantly, that little pearl told you what to do on the commodity pairs as well. Do I have to place the orders for you, too?
first thx for reply.
who told you that i did not pull the monthly ?
"do i have to place order for you too?"
no thanks;only someone did in the first couple of trades in the very beggining... years back. after that non did.
but just i thought you was talking funny , so i answerd the same funny way. thats all.
P.S:you are the one who trigerred me to long eur at 43ish after your post few days ago wondering about where to short eur(keeping ur longs on)noticing the ascending wedge noted by every trader and all were waiting to short. this is best time to long(when everybody waiting to short).
its only psycho...yes depending only on psycho!!
but tell you the truth i am out for couple of hundred of pips after hitting the third fib.after that i dont know.its just one of short T trades which i want quit that type. this why i am here.
talking about commodity, and monthly ,let me add in next post my 2cent about gold (could be wrong).thats also (or primarly )for Alter.as he is trading it.
thx
  • #5,376
  • Sep 16, 2009 4:03pm Sep 16, 2009 4:03pm
Quoting strat
This last candle hasn't closed but it is, nevertheless, telling us a story.

Who knows what the story is?
OK, this is not the full story, but here’s a part of it:

On Sep 08, we break my DSRI supply line. Price continues to drop busting through my targets until on Sep 11, it bounces off my 90.40 target.

This is the 5th day of hard selling and PRICE has finally reached the point at which there is no further demand (sellers). In fact, PRICE reached a level at which supply (buyers) was found. The supply (buyers) were not sufficient (strong) to turn the tide but nevertheless made a dent in the sellers armour with the candle closing with the buyers in control.

My trusty Sunday bar confirmed the Friday PRICE low with supply (buyers) but with little volume.

On Sep 14, as expected, supply was initiated from my target at 90.40 with buyers firmly in control. There was no demand and PRICE closed higher at 91.05 (but still within the Sep 11 bar).

At this point, because of the PRICE ACTION by the last 3 bars, we can assume (not safely though), that 90.40 is the line in the sand, for the time being.

This is further strengthened by the big boys doing a small stop run on Sep 11 below the target price and then bringing PRICE back up above the target.

Now, in all this, don’t forget the big boys are mostly short. There will also be others with the same crystal ball as Alexandra who went long around 93.50 and 92.25 and are now in a lot of pain so will do anything for relief.

On Sep 15, more supply was given as the buyers drove PRICE up to 91.64 but at that level, demand was hit and the sellers took back control again but only to the PRICE where supply and the buyers rest, 91ish, meaning that, for the time being, there is an agreement on PRICE between the buyers and sellers or in other words, we have reached BALANCE or EQUILIBRIUM.

Today, Sep 16, we see a further attack by the sellers on the 90.40 PRICE but there is too much supply there and the buyers hold their “line” (much like Tony Adams held the Arsenal back four line) and repel the sellers. Knowing there is supply at these PRICES, the buyers launch another attack and drive PRICE back up to the level where there is still demand (sellers). PRICE is again repelled back to the level at which there is EQUILIBRIUM and BALANCE.

So, in the last 4 days, we know a tremendous amount about the battle for USDJPY. If you still can’t see the story or being able to use what we now know, then you either need to go back to the beginning of The Path of Learning or take up bubble blowing!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,377
  • Sep 16, 2009 4:14pm Sep 16, 2009 4:14pm
First of all thanks Strat for the wonderful thread and thanks to all the contributors as well. Im currently on page 13 of the thread and am determine to finish off the whole thread.

I've been trading forex for 2 years now. Bursted 2 accounts on the first few months trading (without demo!!). Of course it was due to the obvious reasons: bad money management and lack of discipline. Abandon and forget forex for the next 2 months thinking that it might not be my cup of tea

Then I'm back again, LIVE, and was determined to earn my cash back. Unsurprisingly, I bursted my account for the 3rd time again I learnt my lesson this time, started to demo trade for next few months, practising the method best suits me, money management etc.

After 3 months of consistenly profiting in the demo account, I decided to go LIVE again. So here I am today, 1 year after going live and had been trading profitably ever since. I trade on 4h tf, using sr, tl and MACD (sorry strat). I won't go into much details about the way I trade here as it's a thread discussing mainly on Daily tf.

But along my live trading days, I start to realise I'm in so much stress more often than I like (that's why I'm here reading this thread ), I stick to the screen for many hours. Deep down inside, I know Daily chart would be the way to go for me but I preserve and stick with 4hrs cuz it has been giving me consistent profit every month.

Till last week, I finally decide the day has come. I must start to trade the daily!!!!! I came to this thread, reading how much simple trading can be and how powerful PRICE ACTION is! In fact,all my trading days on LIVE, I had not really put much emphasize on price action. From now on, it will be my trading arsenal

In fact, these 2 weeks had been a bad week for me trading on the 4hr. But looking back on daily charts with Strat's method, price action etc, it clearly shows that my decision to enter those trades are wrong. This shows how great this thread is(Kudos Strat).

Thanks for the great thread, I hope that this thread will go on for a long long time. And oh, sorry for the long reply

P/S: What does dsri mean Strat? I've been searching the thread can't find the exact answer.
Discipline is PRIMARY, Method is Secondary.....
  • #5,378
  • Sep 16, 2009 4:22pm Sep 16, 2009 4:22pm
Quoting Dabestone
First of all thanks Strat for the wonderful thread and thanks to all the contributors as well. Im currently on page 13 of the thread and am determine to finish off the whole thread.

I've been trading forex for 2 years now. Bursted 2 accounts on the first few months trading (without demo!!). Of course it was due to the obvious reasons: bad money management and lack of discipline. Abandon and forget forex for the next 2 months thinking that it might not be my cup of tea

Then I'm back again, LIVE, and was determined to earn my cash back. Unsurprisingly,...
Thanks for your story and compliments! Forget about DSRI, old pal, there are far more important things to learn before that. By the time you read and UNDERSTAND all the posts, you will understand DSRI - only 346 pages to go!

PS, until you get rid of that MacDonald's crap, you will never be able to truly focus on learning PASR.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,379
  • Sep 16, 2009 4:28pm Sep 16, 2009 4:28pm
Strat , the story is nice but I would not go short neither long based on that chart. Probably I need to do that bubble stuff.
  • #5,380
  • Sep 16, 2009 4:42pm Sep 16, 2009 4:42pm
Quoting strat
This last candle hasn't closed but it is, nevertheless, telling us a story.

Who knows what the story is?
Buyers coming in....consolidation
every Saint has a past. Every Sinner has a Future
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