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  • #6,501
  • Oct 16, 2009 9:41pm Oct 16, 2009 9:41pm
Quoting mstandifer
I've only posted a few times to this thread but I'm on The Path and wanted to share what has made all the difference for me in my trading and why I know without any doubt I will be successful....
Thank you, mstandifer.

Again, this is part of the head games - trading psychology - the 95% that dooms us to failure UNLESS we CONTROL it.

Also, if you are a registered Path of Learning member you can get your TITZ in the Members' area.











(TITZ = Trading In The Zone)
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,502
  • Oct 16, 2009 10:12pm Oct 16, 2009 10:12pm
A week-end special for Alexandra
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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,503
  • Edited 10:57pm Oct 16, 2009 10:23pm | Edited 10:57pm
Quoting strat
A week-end special for Alexandra

Ahhhhh...you really must love me to be so touchy!

Personally, I prefer the spa indicator - it adds perspective.

Yours comes in a glass I believe - or is it, by chance, a magazine?
  • #6,504
  • Oct 16, 2009 11:12pm Oct 16, 2009 11:12pm
Somebody told me a long time ago that only indicators on charts meant something. I'm still trying to figure out what that "something" is!
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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,505
  • Oct 16, 2009 11:53pm Oct 16, 2009 11:53pm
Hi Strat (et.al.),

I'm new to FF and this thread. First let me say thanks to you and all your cohorts who spend so much time and energy sharing your thoughts, experience and insights with those of us who are "getting into the game".

Beyond the "standard" MA's at different TF's and S/R/TL's would you recommend one tool in particular for the majors? I'm sure that I'm probably playing with the snake right now (based on some of the feedback I've read so far), but I am curious to know if you guys who have been doing this for many seasons actually do apply some sort of "automation" to facilitate analysis or alert you of price action.

And finally, what is the "Path of Learning" and where can I find out more information about it?

Thanks in advance,
AB
  • #6,506
  • Oct 17, 2009 3:17am Oct 17, 2009 3:17am
Quoting strat
Also, if you are a registered Path of Learning member you can get your TITZ in the Members' area.
Hello Strat, I am registered but I dont know how to get to the members area. Is there something I missed?

P.S. Thank you for sharing your views regarding GBPUSD in the reply to mstandifer. Great stuff, it is clear now that even if all the MAs point in the same direction in BOSS & Worker it doesnt always mean trades in that direction are high prob trades. Candle themselves have their own storry and if they tell a different story then better think twice.

Thanks!
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #6,507
  • Oct 17, 2009 3:53am Oct 17, 2009 3:53am
Hi Strat,

Hope you don't mind me contributing but I'm flat GU because to me it's stuck in a range on the Monthly and the Boss/worker aren't clear.

I'm watching PA and the key levels are marked - (orange/green) on chart - looking for either rejection or breakout.


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  • #6,508
  • Oct 17, 2009 8:17am Oct 17, 2009 8:17am
Quoting PipWhacker
Hi Strat (et.al.),

I'm new to FF and this thread. First let me say thanks to you and all your cohorts who spend so much time and energy sharing your thoughts, experience and insights with those of us who are "getting into the game".

Beyond the "standard" MA's at different TF's and S/R/TL's would you recommend one tool in particular for the majors? I'm sure that I'm probably playing with the snake right now (based on some of the feedback I've read so far), but I am curious to know if you guys who have been doing this for many seasons actually...
Beyond the "standard" MA's at different TF's and S/R/TL's would you recommend one tool in particular for the majors?

Oh, most certainly – the Mark I eyeball!

What is the "Path of Learning" and where can I find out more information about it?

The Path of Learning starts on Post 1 of Page 1 and goes on to the end - register with Naws
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,509
  • Oct 17, 2009 8:32am Oct 17, 2009 8:32am
Quoting soso
Hello Strat, I am registered but I dont know how to get to the members area. Is there something I missed?

P.S. Thank you for sharing your views regarding GBPUSD in the reply to mstandifer. Great stuff, it is clear now that even if all the MAs point in the same direction in BOSS & Worker it doesnt always mean trades in that direction are high prob trades. Candle themselves have their own storry and if they tell a different story then better think twice.

Thanks!
I am registered but I don’t know how to get to the members area.

Please PM Naws for details.

………………………..even if all the MAs point in the same direction in BOSS & Worker it doesn’t always mean trades in that direction are high prob trades. Candle themselves have their own story and if they tell a different story then better think twice.

The MAs are there as a guide and trade management tool – they should never be used in isolation to make trading decisions.

The candles/bars DO tell a story which is why I wrote in an earlier post : SEE BEYOND THE CANDLES

Learn what the candles are saying and then understand who and what they represent and then see them as that, rather than just candles.

The market leaves behind FOOTPRINTS for us to follow.

We are the Hunter, the Predator. The Market (and 95% of traders) is our prey – learn to look for its footprints so that we can POUNCE at the most opportune (low risk) time
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,510
  • Oct 17, 2009 8:37am Oct 17, 2009 8:37am
Quoting stewrigh
Hi Strat,

Hope you don't mind me contributing but I'm flat GU because to me it's stuck in a range on the Monthly and the Boss/worker aren't clear.

I'm watching PA and the key levels are marked - (orange/green) on chart - looking for either rejection or breakout.
Hope you don't mind me contributing but I'm flat GU because to me it's stuck in a range on the Monthly and the Boss/worker aren't clear.

No, not at all, the more contributions, the more there is to discuss and think about.

Flat is the BEST place to be when there is NO OPPORTUNITY.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,511
  • Oct 17, 2009 9:05am Oct 17, 2009 9:05am
Quoting mstandifer
I've only posted a few times to this thread but I'm on The Path and wanted to share what has made all the difference for me in my trading and why I know without any doubt I will be successful....
I missed this on my first read – must learn to read more thoroughly!

Psychologically, I have trading whipped and I own her!

mstandifer, that is a very, very bold statement my friend!

This is NOW the time you are MOST vulnerable!

You are saying and thinking you can walk on water. Remember the last guy that thought he could do that? He got hung on a cross!

While not to take anything away from the intent of your post, the 3 points you make are nothing revolutionary – they are just basic Trading 101 facts.

I consider myself a pretty good technical trader but an absolute lousy, lowest of the earth scum bag when it comes to psychological trading. I would NEVER dare tell my trading psyche (gremlins, demons, man in the mirror) I have it whipped and I own it. I have to give and show respect to it EACH time I make a trade.

I know if I told it I had it whipped and owned, it would lie in wait for me and jump all over me just as I was thinking I was making my best trade ever.

I know to the casual reader this may seem like I’m off my rocker talking and respecting something intangible and clearly in our subconscious, but in trading, this is the difference between being profitable or losing.

mstandifer, unless you have super human control over your psyche, I suggest you show and give it much more respect and humility.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,512
  • Oct 17, 2009 9:17am Oct 17, 2009 9:17am
Quoting Sinan
Elastic limit reached....closed out remaining open positions...will stand back to see how our magnet is working.

This should give a good opportunity to get back in given the recent breakout..will wait for PA to confirm.
Now, arnyboy, here is the Wise man!
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,513
  • Oct 17, 2009 9:57am Oct 17, 2009 9:57am
Quoting poncho1
Hello all,

For your review, my take on the Cad. Comments and criticism welcome.


1.The Boss still shows a strong down trend. The 20 looks like nasty ski slope, however we just got a nice hammer suggesting it may be time to take break after testing the major 1.0300 level.[ I'm really starting to appreciate what the weekly close can tell you!]

2. The 20 on the worker still suggests down but after a failed test of the 1.0300 level I will wait for a retrace to the 20 line and wait for PA to show the way.


Thanks in advance for any feed back you...
The Boss still shows a strong down trend. The 20 looks like nasty ski slope, however we just got a nice hammer suggesting it may be time to take break after testing the major 1.0300 level.

Good observation. Is it time for a trend change? Is it time for a re-test of that now very strong 1.0670 resistance? Or is now the time for a run back up to 1.0970? Or is it time just to tell the time? What do our history lessons tell us? Who is in control?

[ I'm really starting to appreciate what the weekly close can tell you!]

It is NOT just the BOSS close – please go back and re-read the Book of Revelations in The Path of Learning.

The 20 on the worker still suggests down but after a failed test of the 1.0300 level I will wait for a retrace to the 20 line and wait for PA to show the way.


See my earlier reply to soso on MAs. I get the impression from your post that you see the 20 as your Holy Grail. It is NOT and NEVER WILL BE. Sure, it looks great in a trending pair, but my one legged deaf, dumb and blind old man with asthma would also look good in a trending pair.

The MAs are there for a guide and as a trend trade management tool – NOTHING MORE – they should NEVER EVER be used in isolation and certainly not for justification of trades.

New traders to the method should learn how and why we use the MAs and then when they are firmly embedded in your trading sub-conscious, try to read PRICE ACTION without them. You should get to a point where you can “SEE” where they should be without them being on your charts.

SEE BEYOND THE CANDLES
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,514
  • Oct 17, 2009 10:10am Oct 17, 2009 10:10am
Post #6475

Well, as I have said many times, you can lead a horse to water (provide the information) but you can’t make him drink (learn and understand).

Despite the teachings on this thread and our posts not to trade the Beast, it would appear that Cosmo has been savaged, ravaged and spit out in little pieces by The Beast. RIP
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,515
  • Oct 17, 2009 10:57am Oct 17, 2009 10:57am
Quoting soso
Hello Strat, I am registered but I dont know how to get to the members area. Is there something I missed?

Check your email
  • #6,516
  • Oct 17, 2009 5:12pm Oct 17, 2009 5:12pm
Who is the leader and who is the follower?
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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,517
  • Oct 17, 2009 7:25pm Oct 17, 2009 7:25pm


SEE BEYOND THE CANDLES

Hi Strat

A question with regard to the above statement.

By doing the analysis of the Big Boss, Boss and the Worker and seeing the overall picture of a currency pair, PASR, DSRI - isn't this the "look beyond the candles" or I am missing something.

When we establish directional bias and then take PA in such direction would we still have an issue with seeing beyond the candles - I am trying to understand this correctly (or it is just symantics) - or just trade as per PA opportunity.

Many thanks
Jideck
  • #6,518
  • Oct 17, 2009 7:38pm Oct 17, 2009 7:38pm
Quoting Jideck
SEE BEYOND THE CANDLES

Hi Strat

A question with regard to the above statement.

By doing the analysis of the Big Boss, Boss and the Worker and seeing the overall picture of a currency pair, PASR, DSRI -...
If you don’t understand what SEE BEYOND THE CANDLES means, you have not got to the point in your learning where you can see beyond the candles.

Keep studying and practicing on thousands of charts and learning PASR until you can see the footprints the market leaves behind.

Don’t just take candles for granted – understand what they are, what they mean and what they represent.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,519
  • Oct 17, 2009 9:02pm Oct 17, 2009 9:02pm
Quoting strat
If you don’t understand what SEE BEYOND THE CANDLES means, you have not got to the point in your learning where you can see beyond the candles.

Keep studying and practicing on thousands of charts and learning PASR until you can see the footprints the market leaves behind.

Don’t just take candles for granted – understand what they are, what they mean and what they represent.
Thanks Strat.http://www.forexfactory.com/images/icons/icon12.gif This is the answer I was looking for. I am still on the right path.
Jideck
  • #6,520
  • Oct 17, 2009 9:19pm Oct 17, 2009 9:19pm
Quoting strat
Who is the leader and who is the follower?
From Oct 2:
Quoting Alexandra
Fundamentally speaking, I believe it may be time to be on alert for a breakdown of the recent correlations. That means Strat has the floor in assessing each pair on it's own merits. It is important in these instances to free oneself from overthought about inter-relationships to emphasize only the best looking trades.
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