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  • #6,721
  • Oct 22, 2009 7:14pm Oct 22, 2009 7:14pm
Quoting strat
Following up on my “So who took cosmo’s trades” and the poor/lack of response, I am left with the following conclusions:

1)Nobody reads the thread anyway

2)Nobody has the balls to own up that they took them

3)Those on The Path didn’t take them

Hopefully it was only the lurkers, freebie collectors, free lunchers, signal collectors, trade collectors, etc., who took the bait.

[font=Arial]Apart...
Hi Strat,

No, Strat I got back in on the eurjpy after seeing she only wants to take a breath and wanted to ride again so I will ride her to next resistance. If he looks at charts long enough, he would not short into big bull candle like that specially after knowing a few days of not much of a pull back.
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  • #6,722
  • Edited 8:01pm Oct 22, 2009 7:36pm | Edited 8:01pm
Quoting Dabestone
I did not take those calls either Strat. Looking at hindsight, I knew that it's not what's taught in this thread.

LOL - Those were not calls - that was simply a defensive statement, otherwise known as "talking one's book."

Strat, that was not a test - that was a remedial lesson. Of course, it's easy to say now, but we all identified it then, too! All that was done there was to find another excuse to justify that member's predictive stance, against what the price showed. Don't be too hard on him, though....there were other sellers all the way up! RIP!

We are almost against resistance in that market anyway - he may get another chance to make us the victims. (LOL - He won't consult the monthly chart though!!)
  • #6,723
  • Oct 22, 2009 8:10pm Oct 22, 2009 8:10pm
Quoting Lou
Took this trade on UsdChf. Sell @ 1.0092

Big Boss is down
Boss is Down
BEOB highlighted on worker
First test is 1.0000 near ppz psych level
Target is previous low around .9650
SL is 1.0201 above ppz
At the time of writing this.. - 18 pips

Yesterday after price moved 60 pips in my direction then retraced to 30 and stalled, I moved my stop to b/e . Over night my stop was hit (London session)... b/e . Today of course price has again continued in my direction. Not at all surprised. My original stop was not hit, somewhat surprised. What can I learn from this?
The trading gods are against me ! No.
Afraid to take a loss. Yes. Otherwise I would not have moved to b/e. Cautiously conservative or overly conservative ?
  • #6,724
  • Oct 22, 2009 8:25pm Oct 22, 2009 8:25pm
Hello Strat,

I have been slowly ploughing through the thread and making notes. I have noticed several references to asking questions.
Does protocol permit asking them along the way through, or should one continue to hold them until having finished reading the whole thread?

Please forgive the interruption.

Regards,

Mike

Quoting strat
Paul - I'm so glad you found us, I really am. However, I will NOT let you do to yourself what you did before so pay attention.

"'appreciate that I haven't invested sufficient time on that yet. "'

If you have recognised you don't know enough then STOP there and go back to the Path of Learning until you do. There is NO RUSH for you to jump into this, Paul. As long as people have to buy and sell things, these markets will always be here. There are brokers,...
  • #6,725
  • Oct 22, 2009 8:48pm Oct 22, 2009 8:48pm
I wanted to thank Strat and others here for just being here doing what they are doing.
That may sound weird, so please allow me to explain. I learn by observation, so when I recognized that I was deficient in the skills needed to let my trades run, I looked for a place where I could hang out with those that already do what I sought to learn and absorb as much as I could.

Since I don't post much that makes me a lurker. Since I learn whilst I lurk I prefer to refer to myself as a learker. Same pronunciation. much different result.

They say a single occurrence may be random, twice a coincidence but three times is a pattern.
Well this week about to end will be the third full week since August where I have let a trade run for the whole week, in profit. I now have established a pattern of letting my profitable trades run. THAT, in a nutshell, is PROGRESS!.

Thanks again for allowing me to hang out here and for the record no I didn't trade Cosmo's recommendation either.
I make my own trading decisions these days. Sometimes I am wrong and sometimes I am right, but either way it is always MY fault and no one else's.
All the best, walt
  • #6,726
  • Oct 22, 2009 8:55pm Oct 22, 2009 8:55pm
Quoting mawbvw@hotma
Hello Strat,

I have been slowly ploughing through the thread and making notes. I have noticed several references to asking questions.
Does protocol permit asking them along the way through, or should one continue to hold them until having finished reading the whole thread?

Please forgive the interruption.

Regards,

Mike
First of all welcome!

Have you seen the index posted in the first post of the thread? (lots of good info there)

There is a ton of info in the thread already so keep on keeping on and reading and understanding each post as Strat says and your question will most likely soon be answered in the past posts.

Strat really encourages everyone to put in the hard work and read the entire thread first before asking too many ?'s. You want to learn at the same pace as Strat has layed the thread out. (I am sure he has posted the material in the order he has chosen for a reason)
  • #6,727
  • Oct 22, 2009 9:29pm Oct 22, 2009 9:29pm
Quoting strat
OK, so NOTHING CHANGES. Just trade EXACTLY as you have been doing.

Make sure you have your believed and trusted PLAN and if not doing so already, keep a very detailed LOG of all your trades.
I wonder if Naws would mind sharing with us any subtle changes in his 'between the ears' process while taking his first few live trades?
I realise the word 'subtle' is a slight understatement, as I am sure he will discover.

Emotions, you gotta love this game!

Roy
Polishing my crystal ball
  • #6,728
  • Oct 22, 2009 9:57pm Oct 22, 2009 9:57pm
CrudeCraig, Thank you for taking the time to answer. Much of my previous trading experience stems from the old "Buy and Hold" days, when I discovered the Financial "Professionals" had decimated my 40 years of RRSP savings. For the last ~5 years, I have become quite gun shy around people who profess to be able to help - wasted a huge amount of time and money falling for what can only be termed professional con-artists. -- No fool like an old fool!

I can't begin to tell you how much I appreciate and am enjoying the learning experience that I have found here on this thread. I have indeed read most of the index and will happily keep on reading it and the thread as many times as necessary (until the lights come on)! I have also learned that some of my more pressing questions were addressed within a few posts of being raised in my mind (including the one that prompted my rude interruption - sorry for that). At this juncture, I don't have much to offer in return for your kindness in allowing me to look over your shoulders and learn, but hope that perhaps I will be able to contribute when I have completed the course.

Thanks again to you, to Strat and to all of the contributors who make this possible.

Regards,

Mike

Quoting CrudeCraig
First of all welcome!

Have you seen the index posted in the first post of the thread? (lots of good info there)

There is a ton of info in the thread already so keep on keeping on and reading and understanding each post as Strat says and your question will most likely soon be answered in the past posts.

Strat really encourages everyone to put in the hard work and read the entire thread first before asking too many ?'s. You want to learn at the same pace as Strat has layed the thread out. (I am sure he has posted the material in the order he...
  • #6,729
  • Oct 22, 2009 10:04pm Oct 22, 2009 10:04pm
Quoting mawbvw@hotma
CrudeCraig, Thank you for taking the time to answer. Much of my previous trading experience stems from the old "Buy and Hold" days, when I discovered the Financial "Professionals" had decimated my 40 years of RRSP savings. For the last ~5 years, I have become quite gun shy around people who profess to be able to help - wasted a huge amount of time and money falling for what can only be termed professional con-artists. -- No fool like an old fool!

I can't begin to tell you how much I appreciate and am enjoying the learning experience that I...
Mike, go ahead and ask your questions -you have been reading for a while now
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,730
  • Edited 10:18pm Oct 22, 2009 10:12pm | Edited 10:18pm
Quoting Lou
Yesterday after price moved 60 pips in my direction then retraced to 30 and stalled, I moved my stop to b/e . Over night my stop was hit (London session)... b/e . Today of course price has again continued in my direction. Not at all surprised. My original stop was not hit, somewhat surprised. What can I learn from this?
The trading gods are against me ! No.
Afraid to take a loss. Yes. Otherwise I would not have moved to b/e. Cautiously conservative or overly conservative ?
Much more to it than that, Lou, considering your time and experience in this business.

My initial observation is that you are trading with scared money and you are gripped with FEAR.

What is your trading style?

Are you trading from resistance to 1st support, or swings or trends or ?

What are your beliefs with regard to:

Never let a winner turn into a loser

Cut your losses early

Let your profits run

Do you PLAN your trades and then trade your PLAN?
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,731
  • Oct 22, 2009 10:16pm Oct 22, 2009 10:16pm
Quoting waltwitham
I wanted to thank Strat and others here for just being here doing what they are doing.
That may sound weird, so please allow me to explain. I learn by observation, so when I recognized that I was deficient in the skills needed to let my trades run, I looked for a place where I could hang out with those that already do what I sought to learn and absorb as much as I could.

Since I don't post much that makes me a lurker. Since I learn whilst I lurk I prefer to refer to myself as a learker. Same pronunciation. much different result.

They say a single...
Thanks Walt but think about posting - your progress and what you have learned will be the mounting pad for others - it's called giving back and its very rewarding and satisfying.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,732
  • Edited 11:41pm Oct 22, 2009 11:12pm | Edited 11:41pm
So, USDJPY has touched the first big fat line (twice....hint...but look at the charts)......it's Friday....thoughts from those in this trade?

Come on, how are you trailing it? Or did you TP already at Nicola's line? What next?
  • #6,733
  • Oct 22, 2009 11:23pm Oct 22, 2009 11:23pm
Thanks Strat, I appreciate your indulgence!

The much more pressing Question - I arrived here after failing miserably to understand the complete stupidity and complicity of Government and what you lovingly term "wankers". Apparently, (I have just been informed by RBC Direct Investing), I am not permitted to use my RRSP funds to trade FOREX. I am also led to believe that shorting options (including buying Puts) is disallowed unless the underlying is already owned or is purchased prior to the intended trade. Am I correct in assuming that your method will work on stocks (and possibly on Futures or Options)?

Thanks for being here - I understand what effort your are putting out for us!

Regards,

Mike

Quoting strat
Mike, go ahead and ask your questions -you have been reading for a while now
  • #6,734
  • Oct 22, 2009 11:23pm Oct 22, 2009 11:23pm
Strat,

finished reading up to page 70 . Now I got to understand how looking at the bigger picture, higher time frames can help one see the footprints the markets leave for us. Managing my trade on the daily is the last piece of the puzzle to let my profit run.

never listen to people telling me how to win but to people telling me how to lose, so take no Cosmo's advice.


thanks you so much again for giving ,and hope to give back like you one day


Fuman
  • #6,735
  • Oct 22, 2009 11:58pm Oct 22, 2009 11:58pm
Quoting mawbvw@hotma
Thanks Strat, I appreciate your indulgence!

The much more pressing Question - I arrived here after failing miserably to understand the complete stupidity and complicity of Government and what you lovingly term "wankers". Apparently, (I have just been informed by RBC Direct Investing), I am not permitted to use my RRSP funds to trade FOREX. I am also led to believe that shorting options (including buying Puts) is disallowed unless the underlying is already owned or is purchased prior to the intended trade. Am I correct in assuming that your method...
The method works on any freely traded market and is used in Stocks, Futures, Commodities, Forex, Indices, etc.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,736
  • Oct 23, 2009 12:22am Oct 23, 2009 12:22am
Quoting Alexandra
So, USDJPY has touched the first big fat line (twice....hint...but look at the charts)......it's Friday....thoughts from those in this trade?

Come on, how are you trailing it? Or did you TP already at Nicola's line? What next?
Hi Alexandra,

Just my small thoughts. I like the way price steadily moves up to the big fat line and fact that it closed bove 91.30 and well define support @ 90.00. I will stay foot and hide my stop behind 90.00, will see what price does @ 92.00-50.
  • #6,737
  • Oct 23, 2009 12:35am Oct 23, 2009 12:35am
Quoting strat
Where do you see a HAMMER on YOUR Worker chart?
Strat, am abit confused about your question. Do you mean that:

1) It is not consider as a hammer pattern?
or
2) Where/what area is the hammer formed in my chart?
or
3) You don't see a hammer at all?

Thanks
Sean.
Discipline is PRIMARY, Method is Secondary.....
  • #6,738
  • Oct 23, 2009 1:40am Oct 23, 2009 1:40am
Hi Dabestone,

A hammer is in a DT move and the location of hammer should be at Appropriate Support level and so called PASR. This is where we should keep our eyes on + other confirmation as per strat teaching.

A Shooting Star is in a UT (Uptrend) move and also should be at Appropriate Resistance level .....Trade PASR
thanks.
  • #6,739
  • Oct 23, 2009 2:32am Oct 23, 2009 2:32am
Quoting Alexandra
So, USDJPY has touched the first big fat line (twice....hint...but look at the charts)......it's Friday....thoughts from those in this trade?

Come on, how are you trailing it? Or did you TP already at Nicola's line? What next?
I am still holding the long and I don't trail or partial exit. Depending on PA and where that PA occurs, I exit the position. As Strat indicated, this is up to each trader's style.

For this current long UJ position, I will watch PA around 92.30, if it closes above this level, my next target is at 94.30
  • #6,740
  • Oct 23, 2009 2:40am Oct 23, 2009 2:40am
Getting ready for next leg up if....
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