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  • #5,401
  • Sep 16, 2009 6:26pm Sep 16, 2009 6:26pm
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
Your wish has been granted, Queen of The Pips!

Make sure you know where the door is when the party is over!
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,402
  • Sep 16, 2009 6:38pm Sep 16, 2009 6:38pm
Are we in Kansas yet?
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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,403
  • Sep 16, 2009 6:51pm Sep 16, 2009 6:51pm
I can't, for the life of me, think why I took this trade. Thank goodness, lady luck is watching over me!
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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,404
  • Sep 16, 2009 6:56pm Sep 16, 2009 6:56pm
[quote=Alexandra;3065965]
Quoting rockk


LOL - Nah....think I will stick to my plan actually. I'm hearing gold ads on the radio already.

God, Strat, I really am a funny-mentalist.
And as if you were hiding it!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,405
  • Sep 16, 2009 7:08pm Sep 16, 2009 7:08pm
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.
Christopher, an IB is an IB is an IB whether it is red, blue, pink or puke!

A reminder: Trading IBs is not being taught on here (yet).
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,406
  • Sep 16, 2009 7:12pm Sep 16, 2009 7:12pm
Quoting strat
Your wish has been granted, Queen of The Pips!

Make sure you know where the door is when the party is over!
Can you explain this trade that you made?

It looks like a major uptrend. Since the price broke through the steeper trendline wouldn't it be likely to meet resistance at the major trendline and continue the uptrend at the rate of the original trendline?

If the price ALSO broke through the major trend line, than I could understand a short.

I haven't finished reading the entire thread YET, but I am trying.
  • #5,407
  • Sep 16, 2009 7:41pm Sep 16, 2009 7:41pm
Quoting strat
rockykoky,

Be very careful with chart patterns - for each one that worked, I can show you one that failed. The most recent that comes to mind is the EURUSD H&S which caught me with my trousers well and truly down at my ankles!

Corbett, are you listening? This was one of my more heavier losses.
Listening...you betcha. I was watching live as the HS played out (ah..or didn't), but didn't realize you took the trade. Thanks for the heads up (no pun intended of course).

Where's BlackEagle hiding? Must be making too much money to post.
  • #5,408
  • Sep 16, 2009 7:41pm Sep 16, 2009 7:41pm
Quoting pipfx
Can you explain this trade that you made?

It looks like a major uptrend. Since the price broke through the steeper trendline wouldn't it be likely to meet resistance at the major trendline and continue the uptrend at the rate of the original trendline?

If the price ALSO broke through the major trend line, than I could understand a short.

I haven't finished reading the entire thread YET, but I am trying.
Not my trade, this is Nicola's (elitejets) but your logic is sound except ""Since the price broke through the steeper trendline wouldn't it be likely to meet resistance at the major trendline"".

It is likely to meet SUPPORT at the DSRI supply line.

Hence my comment to Nicola.

I am waiting for PASR before I trade GBPUSD.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,409
  • Sep 16, 2009 7:42pm Sep 16, 2009 7:42pm
Quoting One14
Listening...you betcha. I was watching live as the HS played out (ah..or didn't), but didn't realize you took the trade. Thanks for the heads up (no pun intended of course).

Where's BlackEagle hiding? Must be making too much money to post.
Funny you should ask - I've just sent him a PM today!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,410
  • Sep 16, 2009 7:45pm Sep 16, 2009 7:45pm
[quote=strat;3065973]
Quoting Alexandra

"She's a ....... big teaser" - Day Tripper - Beatles 1965

Note: According to John Lennon, he wrote p.... teaser but George Martin had him change it to "big" for fear of being banned!
hehe.. thats a jock or for real
  • #5,411
  • Sep 16, 2009 7:51pm Sep 16, 2009 7:51pm
Quoting strat
Everyone:

In my earlier posts I said I used volume to my advantage. I did, until I had several nasty occurrences of volume leading me in the wrong direction which proved rather costly. Since then, I have done my own research on volume and found that I had been really lucky.

The volume figures we get on our MT4 charts are just a sample from YOUR broker. It is NOT a sample of the whole forex market. It cannot be since there is no central forex exchange.

[font=Arial]So, [b]each...
right, as fx is decenteralised. when it will be centeralised volume could be relied on.
  • #5,412
  • Sep 16, 2009 7:54pm Sep 16, 2009 7:54pm
Quoting strat
"Well lookie here" as some Texan guy I once knew used to say.
lookie here!
what language is this? french..
  • #5,413
  • Sep 16, 2009 8:02pm Sep 16, 2009 8:02pm
Quoting strat
Your wish has been granted, Queen of The Pips!

Make sure you know where the door is when the party is over!
So, why do call your lines T1-T4 (Take Profit, Target1, Tease1?)? I see that they are support levels.

As I recall from previous posts you don't have trading Targets. Have things changed?
  • #5,414
  • Sep 16, 2009 8:05pm Sep 16, 2009 8:05pm
Quoting One14
So, why do call your lines T1-T4 (Take Profit, Target1, Tease1?)? I see that they are support levels.

As I recall from previous posts you don't have trading Targets. Have things changed?
They are targets. If they are the same as S&R then it is purely coincidence.

Just trying to see if using targets improves my ROI that's all.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,415
  • Sep 16, 2009 8:07pm Sep 16, 2009 8:07pm
Hey strat, what are your thoughts on euraud? Is it a valid short?
  • #5,416
  • Sep 16, 2009 8:51pm Sep 16, 2009 8:51pm
Quoting strat
Not my trade, this is Nicola's (elitejets) but your logic is sound except ""Since the price broke through the steeper trendline wouldn't it be likely to meet resistance at the major trendline"".

It is likely to meet SUPPORT at the DSRI supply line.

Hence my comment to Nicola.

I am waiting for PASR before I trade GBPUSD.

Thanks Strat! Good to know that I am actually learning something here and I meant support but typed resistance.
  • #5,417
  • Sep 16, 2009 9:21pm Sep 16, 2009 9:21pm
Hi all, I've been busy this past week, school started up and its the peak of the recruiting season, how fun!

Anyway, I'll catch up with the last 10 pages of posts and reply to your pm's very soon
  • #5,418
  • Sep 16, 2009 9:38pm Sep 16, 2009 9:38pm
Quoting One14
So, why do call your lines T1-T4 (Take Profit, Target1, Tease1?)? I see that they are support levels.

As I recall from previous posts you don't have trading Targets. Have things changed?
Tease1?!! what is this
I see much tease here.
alex is the only teaser here! already made 2(I am counting)
  • #5,419
  • Sep 16, 2009 9:42pm Sep 16, 2009 9:42pm
Quoting strat
Are we in Kansas yet?

No, but we should be at the north pole shortly on these.
  • #5,420
  • Sep 16, 2009 10:01pm Sep 16, 2009 10:01pm
Quoting dre3029
Hey strat, what are your thoughts on euraud? Is it a valid short?
Sorry, I don't follow EURAUD - also I don't have enough data. Maybe others will help.
15 YEARS OF PASR ON FOREX FACTORY!
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