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  • #6,661
  • Oct 21, 2009 9:09am Oct 21, 2009 9:09am
thank you thank you..



Quoting luqmanz
Look at the top. Click Thread Tools. Then subscribe.
  • #6,662
  • Oct 21, 2009 9:27am Oct 21, 2009 9:27am
Quoting Lou
Strat,
I would appreciate your opinion on using line charts. NOT TRYING TO DISTRACT ANYONE HERE....
Lou, I have traded line charts using peaks and valleys which are the same as your 1-2-3. They are simplicity itself in simple trading but you have to only take those trades in the direction of the trend otherwise the whipsaws eat you up.

I didn't do very good with them in congested markets but pretty good in trends.

I still had to add SR lines to prevent buying into resistance and selling into support.

I really thought the line chart would help me with my Dr. Joe strategy but in the end I just could not handle “trading blind” i.e. not being able to see HLOC candles and as a result I became stressed and my trading suffered.

Once you have learned and understood PASR and become “as one”” with the market it really is very difficult to go back to using line charts.

The great benefit, of course, for line charts is to help identify SR across the three time frames.

My EURUSD/USDCHF strategy uses line charts of both on one chart to identify SR of one for the other and project into the future. Its not the finished article yet as I dropped it for a while to focus on momentum and cycles and then DSRI demand and support.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,663
  • Oct 21, 2009 9:54am Oct 21, 2009 9:54am
So, own up, how many of you listened to this guy and took the trade?

Post #6523

Oct 18, 2009 4:35am
Cosmo
Member

Member Since Sep 2008
21 Posts
[IMG]file:///C:/Users/Robert/AppData/Local/Temp/msohtml1/01/clip_image001.gif[/IMG]SELL GJ @ 148.00, TP 141.00... hang on for the ride guys!

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[/quote]

Goodaye Strats, Just dropped bye to see how you guys are doing, savaged, ravaged & spit out.. not at all cobber... i've been learning a lot from another thread also based on trading the daily timeframe.. i'm obviously learning very little here based on my previous view on the direction of the GJ but based on what i have learnt since then, here is my current view, write this down, SELL GJ @ 148.00, TP 141.00... hang on for the ride guys!

So, ANOTHER 319 pips in the RED!

“”... i've been learning a lot from another thread also based on trading the daily timeframe””

Man, am I glad I don’t teach what you have learned!

“”.. i'm obviously learning very little here based on my previous view on the direction of the GJ but based on what i have learnt since then, here is my current view, write this down, SELL GJ @ 148.00, TP 141.00... hang on for the ride guys!””

OK, as you instructed, SELL GBPJPY at 148

Price is now at 151.19, therefore negative 319 pips – what do you do next?

OK guys, I’ll get off his case – we need him for LIQUIDITY to take the other side of our trades.

My cage just got rattled with his inference to the teachings on the thread.


Anyone got any advice for this guy?
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,664
  • Oct 21, 2009 10:23am Oct 21, 2009 10:23am
Quoting strat
So, own up, how many of you listened to this guy and took the trade?

Post #6523

Oct 18, 2009 4:35am
Cosmo
Member

Member Since Sep 2008
[url="http://www.forexfactory.com/search.php?do=finduser&u=80412"]21......
[font=Arial][color=blue]Goodaye Strats, Just dropped bye to see how you guys are doing, savaged, ravaged & spit out.. not at all cobber... i've been learning a lot from another thread also based on trading the daily timeframe.. i'm obviously learning very little here based on my previous view on the direction of the GJ but based on what i have learnt since then, here is my current view, write this down, SELL GJ @ 148.00, TP 141.00... hang on for the ride guys!

So, ANOTHER 319 pips in the RED!

“”... i've been learning a lot from another thread also based on trading the daily timeframe””

Man, am I glad I don’t teach what you have learned!

[i]“”.. i'm obviously learning very little here based on my previous view on the direction of the GJ but based on what i have learnt since then, here is my current view, write this down, SELL GJ @ 148.00, TP 141.00... hang on for the ride guys!””

OK, as you instructed, SELL GBPJPY at 148

[b]Price is now at 151.19, therefore negative 319 pips – what do you do next?

OK guys, I’ll get off his case – we need him for LIQUIDITY to take the other side of our trades.

My cage just got rattled with his inference to the teachings on the thread.


Anyone got any advice for this guy?
[/quote]

Hi Strat,

When I see all the yen crosses made a big move and printed out small candles after the big move, I saw his post selling @ 148. I said to myself this guy in trouble Strat gona get you($$). Lesson learn guys see beyon candles.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-10-21-09.gif Size: 11 KB
  • #6,665
  • Oct 21, 2009 10:33am Oct 21, 2009 10:33am
Ye dogs and little fishes, I can’t believe he’s done it again!

So, own up, how many of you listened AGAIN to this guy and took the trade?

Post #6596

Oct 19, 2009 9:27pm (34 hr ago)
Cosmo
Member

Member Since Sep 2008
21 Posts
[IMG]file:///C:/Users/Robert/AppData/Local/Temp/msohtml1/01/clip_image001.gif[/IMG]
Quote:
Originally Posted by Naws
GPBUSD showed a BUOB bar today which is also in the shape of a hammer. This shows that buyers are still in control and are very strong. This pair also seems to be the strongest of the pairs that broke out last week.

Might be a good place to add to any open positions or get back in the new uptrend.
Naws, GU is very close to its high point, sellers are taking control right now.. get ready to sell @ 1.6400 TP 1.5850

So, ANOTHER 218 pips in the RED!

“”... i've been learning a lot from another thread also based on trading the daily timeframe””

Man, am I glad I don’t teach what you have learned!

Price is now at 1.6618, therefore negative 218 pips – what do you do next?

Along with your GBPJPY this is now negative 535 pips and doesn’t include your PREVIOUS losing GBPJPY prediction

Cosmo, if you wish to continue being our LIQUIDITY that is fine but it goes against the purpose of my thread.

So, please don’t embarrass yourself even more and either LEARN PASR as taught on here or STOP POSTING ON THIS THREAD.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,666
  • Oct 21, 2009 10:45am Oct 21, 2009 10:45am
Quoting strat
[font=Arial][color=blue]
My cage just got rattled with his inference to the teachings on the thread.
Yep, I can understand that comments like that are hurtful! But not everyone is prepared to accept that some people just know more than they do. I think it is something that goes with the territory of running a teaching thread. There are more than enough people on here who are pleased with what you do to make up for it.

Best etc.

Christopher
  • #6,667
  • Oct 21, 2009 11:10am Oct 21, 2009 11:10am
Naws in answer to your question to Cosmo on GBPUSD, I'm guessing it's Indicator trading using the same guys that took me to the cleaners so long ago!

Oscillators and other indicator crap get trapped at their extremes when PRICE continues to trend - their formulae cannot handle trends and lead newbies and people like cosmo into blown accounts.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 29 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,668
  • Edited 11:49am Oct 21, 2009 11:16am | Edited 11:49am
On the heels of the above posts and my little experiment with USD JPY yesterday, I do have a couple of points to make:

1) That GBPJPY rec from that member was.....yes.....stupid (sorry, but it's true). We've all been wrong once though. Well....the GBPUSD rec was ...well....stupid also.

2) More important, the point made last night that the yen crosses were supportive of the USDJPY was very accurate, indeed. I had planned to make more note of that aspect at the time, but it was rather an advanced concept. In hindsight, I should have emphasized that more, but those who clued in (on EURJPY in particular, as the chart was more obvious) are ahead of the game.

3) Anyone who took profit at Nicola's USDJPY first resistance is commended, though he/she may be wise to ponder re-entry in the fashion described last night.

4) For you Strat, notice how not one member mentioned anything about the ugly stochastics on USDJPY or the yen pairs. Congratulations! You see what that analysis would have gotten you. Indeed, it was the EURGBP which had the friendlier indicator based trade, and you see what happend there. Note - that pair's analysis may be changing as the levels have moved (will see where it closes), but Strat's point early in the week that EURGBP was conflicted was entirely accurate.
  • #6,669
  • Oct 21, 2009 11:25am Oct 21, 2009 11:25am
Poor Cosmo, I hope he don't let his ego gets the better of him.
Discipline is PRIMARY, Method is Secondary.....
  • #6,670
  • Oct 21, 2009 11:32am Oct 21, 2009 11:32am
Poor Cosmo, I hope he don't let his ego gets the better of him.
Discipline is PRIMARY, Method is Secondary.....
  • #6,671
  • Oct 21, 2009 11:37am Oct 21, 2009 11:37am
From the Horses mouth........if it was as easy as he says...

http://www.forexfactory.com/showpost...92&postcount=1

baz
  • #6,672
  • Oct 21, 2009 2:03pm Oct 21, 2009 2:03pm
Quoting patrick25
Hi All,

This is my analysis on EURCAD to see if I get the trend within trend correctly.

Boss is currently making HL and LL.

Worker is currently making HH and HL. Today price action looks like will put an unconformed swing high with bearish out bar. If the price of this pair closes below 09-17 candle low 1.5620, we will have Boss trend and Worker trend in same direction. Please see charts.
Hi All,

Patiently waiting for this one, actually surprising not that long, for once trade when Worker and Boss in sync. Will see the close.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad-10-21-09.gif Size: 12 KB
  • #6,673
  • Oct 21, 2009 2:19pm Oct 21, 2009 2:19pm
BOSS.
BIG BOSS & BOSS are both on obvious downtrend. After putting new lows last week turned bullish and this week continued on its bullish path until today when reached the Weekly SR from 1.74.

Attached Image (click to enlarge)
Click to Enlarge Name: weekly.png Size: 19 KB


Worker.
Adding a bearish DSRI trendline we see that the current bar was rejected off confluence of this trendline & the above Weekly level. The day didnt finish yet (2 more ours to go for my feed) but it looks like we might get a nice shooting star.

Attached Image (click to enlarge)
Click to Enlarge Name: daily.png Size: 25 KB


Will put a sell order few minutes before close if it is still a good looking shooting star.

P.S. The same theme is around all CAD pairs and while EURCAD isnt as trendy on BOSS as this pair I think it looks good too. Will follow shortly...
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #6,674
  • Oct 21, 2009 2:35pm Oct 21, 2009 2:35pm
BOSS.
Not a clear downtrend, although we have LL & LH the trend is creeping. BIG BOSS looks more bullish to me too. But the momentum of the last few weeks is clearly down imo. See chart for details.
EDIT:Wrong word on chart, correct is "To me this speaks as lower momentum compared to the bearish side".

Attached Image (click to enlarge)
Click to Enlarge Name: eurcad_weekly.png Size: 22 KB


Worker.
I see a potential shooting start at confluence of Weekly SR + ret 62 of last swing down + retest of broken trendline that sustained the bullish move.

Attached Image (click to enlarge)
Click to Enlarge Name: eurcad_daily.png Size: 20 KB


To me it looks good for a short depending on how it closes. Anyhow will take only one trade, either GBPCAD or EURCAD since many times their strength & direction is decided by CAD.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #6,675
  • Oct 21, 2009 3:44pm Oct 21, 2009 3:44pm
Strat, I know you said you deleted this pair from your charts but tell me (and be honest) that you haven't sneaked a peak.

In keeping with this thread's vernacular, I'd have to say, this is one tight pair...
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.jpg Size: 112 KB
  • #6,676
  • Oct 21, 2009 4:05pm Oct 21, 2009 4:05pm
Yeah, it looks like Ms Market pooped all over my plan in the last 2 hours before close, especially on my Shooting Stars!. On both pairs the Shooting Stars dont look good anymore after my feed closed. At least to me!

Anyhow I'll stand aside and wait for more, didnt take ONE trade since started to practice Strat's PASR method. Still waiting for that fat ca$h

P.S. Maybe I'm not quite evil enough? Anyways good nite, I'm on the other side of the world, 24:00 here, see you all tomorrow.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #6,677
  • Oct 21, 2009 4:11pm Oct 21, 2009 4:11pm
Quoting soso
Yeah, it looks like Ms Market pooped all over my plan in the last 2 hours before close, especially on my Shooting Stars!. On both pairs the Shooting Stars dont look good anymore after my feed closed. At least to me!

Anyhow I'll stand aside and wait for more, didnt take ONE trade since started to practice Strat's PASR method. Still waiting for that fat ca$h
soso - I used to do what you are doing - checking in at 2000 for candle patterns but then I realised that I was not trading as per my plan. My plan is to trade the daily chart so in essence I don't give a rats ar$e what happens to the charts until apres 2200 UK time night after night!

At least this way is will install discipline whilst preventing any disappointment at trying to engineer trades that are not there
Trade less and become more profitable!
  • #6,678
  • Oct 21, 2009 4:17pm Oct 21, 2009 4:17pm
Quoting strat
Ye dogs and little fishes, I can’t believe he’s done it again!

So, own up, how many of you listened AGAIN to this guy and took the trade?

Post #6596

Oct 19, 2009 9:27pm (34 hr ago)
Cosmo
Member...
Hi Strat

I own up to not trading this pair, you have mentioned previously that GBPJPY is difficult to trade and should not be traded lightly or not at all.
I believe all new to the trading shall abide by this suggestion.

There are other pairs that are much better to trade.

Jideck
  • #6,679
  • Oct 21, 2009 5:40pm Oct 21, 2009 5:40pm
Quoting Jideck
Hi Strat

I own up to not trading this pair, you have mentioned previously that GBPJPY is difficult to trade and should not be traded lightly or not at all.
I believe all new to the trading shall abide by this suggestion.

There are other pairs that are much better to trade.

Jideck
Actually, that is my pair...
Entered long @ 142.021 on October 13 and still holding......lets see tonite... trailing stop placed @ 150.00, expecting to reach 153 or around.

I like this pair because one single right and careful trade can justify the pips of a hole month. (at least for me...)
  • #6,680
  • Oct 21, 2009 5:56pm Oct 21, 2009 5:56pm
Quoting Jideck
Hi Strat

I own up to not trading this pair, you have mentioned previously that GBPJPY is difficult to trade and should not be traded lightly or not at all.
I believe all new to the trading shall abide by this suggestion.

There are other pairs that are much better to trade.

Jideck
Technically it behaves quite well, its just a real mover.
It has stopped tonight at the 50fib level (which Mrs Watanabe watches) and the 6April swing high at 151.50
I would recommend starting at half your usual stake size with this one while you learn to appreciate it.
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