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  • #7,521
  • Nov 11, 2009 5:50pm Nov 11, 2009 5:50pm
I really want nothing to do with this, but i just CAN'T take it anymore!


DUDE! the reason all this shit is coming up is because in all of the now 501 pages of strat's thread we have NEVER traded hanging man candles as REVERSAL patterns. This is strat's thread, if he does not like them and has proven that to himself over the last 30 years that they do not provide STRESS FREE entries then why should we worry about it? To come here and start preaching another candle formation in someone elses thread IS bullshit IMO.

This thread is unique, strat has his own ways of teaching and his own things to teach based on HIS experiences with the markets over the years. Take it for what it is and Let's move on.
  • #7,522
  • Nov 11, 2009 5:53pm Nov 11, 2009 5:53pm
sure thing ,honestly do not want to carry on discussion ,already said im out of here
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,523
  • Nov 11, 2009 6:01pm Nov 11, 2009 6:01pm
Quoting Bones
you accept no one else's opinion
He accepts mine, elitejets', Alexandra's and many more (Grim, Naws, Sinan and others) who are on the way of Path of Learning. He doesn't accept one thing which is "BULLSHIT" on this thread.

"I knew what price was going to do before it happened" -

Please stop posting and help newcomers, they already have 7500 posts to read.
  • #7,524
  • Nov 11, 2009 6:10pm Nov 11, 2009 6:10pm
I like the way this is looking as well.
Attached Image (click to enlarge)
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  • #7,525
  • Nov 11, 2009 6:28pm Nov 11, 2009 6:28pm
Hi,
i found this thread today and think it's great. However, being a newcomer i need to catch up on a few things, like where can I find out what PASR, Big Boss, Worker mean. Appreciate it.
  • #7,526
  • Nov 11, 2009 6:41pm Nov 11, 2009 6:41pm
Quoting ave2
Hi,
i found this thread today and think it's great. However, being a newcomer i need to catch up on a few things, like where can I find out what PASR, Big Boss, Worker mean. Appreciate it.
The only way is to start at post #1 and work your way through until you reach your post now.

Its going to take a while but there is NO other way.

Welcome! BTW
  • #7,527
  • Nov 11, 2009 6:43pm Nov 11, 2009 6:43pm
Quoting Blackeagle
He accepts mine, elitejets', Alexandra's and many more (Grim, Naws, Sinan and others) who are on the way of Path of Learning. He doesn't accept one thing which is "BULLSHIT" on this thread.

"I knew what price was going to do before it happened" -

Please stop posting and help newcomers, they already have 7500 posts to read.

We are in sync -- I highlighted that post and decided to stay out.....That is a bit much, isn't it.
  • #7,528
  • Nov 11, 2009 6:52pm Nov 11, 2009 6:52pm
Quoting Alexandra
Indeed...so back to Earth - put your nickel down.......who here is buying or set to buy USDCHF on today's chart? Can it be justified?....yes.....is it proper?...perhaps......
If so, what is the target?....where does one pull the (likely) ejector seat? Is that a valid R/R?
ME. It's not confirmed yet of course but its a great level and I think the R:R is worth it.
Plus its the only pair / direction where a CB might help you.
  • #7,529
  • Nov 11, 2009 6:52pm Nov 11, 2009 6:52pm
Quoting Alexandra
We are in sync -- I highlighted that post and decided to stay out.....That is a bit much, isn't it.
no need to make fun off. I am new and still learning. people make mistakes...u were in my position some time too
  • #7,530
  • Nov 11, 2009 7:07pm Nov 11, 2009 7:07pm
[quote=golfer27;3226200]
Quoting elitejets
Or you could trade it as a break of last weeks Boss inside bar.

Hi Nicola
Whenever you get time, if possible could you post your boss chart please, as i'm struggling to see what you're seeing.

Thanks
I highlighted (not very well) the weekly inside bar I mentioned. I note the open and close prices of weekly bars because the market seems to respect them. If you weren't sure of your trendline / DSRI line break then a break of a weekly inside bar is an easy to understand level.

If I am wrong perhaps Strat will chip in.
Attached Image (click to enlarge)
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  • #7,531
  • Nov 11, 2009 7:12pm Nov 11, 2009 7:12pm
Quoting TheFutureAce
I just read this with a quiet mind and what u say makes sense. I am taking of my arrows of 5 * 8 ma crossover.

I am only at page 67 so I dont have that much knowledge of PASR. Will read on...to me right now tough....a trade of profit 200 pips is a realy good trade.

Maybe I just need to change the way i think and look for losses i can afford then how much profit I make on each trade.

Amar
I learned to trade first with a MA crossover system ... learning price action will help you a lot and you can do it. Learn one candle / set up at a time. There are a list of some really good places to learn (free) including some videos on the webpage.
  • #7,532
  • Nov 11, 2009 7:15pm Nov 11, 2009 7:15pm
Quoting Sinan
Yep it got punched out rather sharply...

I have a small position now...I didn't have a position going into the day with the TL and news risk...I plan to add another small unit on any retrace...

In entering that TL break what do you think the best approach is?
This is for mstandifer too ...

For me on most pairs, if I don't have an order below and catch the break then I stay out. I have lost a lot chasing the markets before
Thats the reason I often use trendlines at the extremes of range and not the DSRI lines, I don't like being faked out.
Quite often a trendline break will get retested and you can get in then. If it doesn't then you have to wait for the next one.
  • #7,533
  • Nov 11, 2009 8:04pm Nov 11, 2009 8:04pm
Quoting strat
It's OK as long as you know what's at 1.2660 and you know what to do there.
Quote
reason I didn't put this in my list of trades wasn't because I didn't agree with the call, but because my chart shows poor reward for the risk.

My chart shows we are still behind and IB and breaking to the topside and a confirmed swing low would put me too close to 1.2660 for me. Just showing how chart differences can keep you out of a trade

Thanks for the feeback. You raise great points. SL is at breakeven already and I've learnt a lot just from posting it and receiving your comments.
  • #7,534
  • Nov 11, 2009 8:13pm Nov 11, 2009 8:13pm
Quoting Alexandra
Indeed...so back to Earth - put your nickel down.......who here is buying or set to buy USDCHF on today's chart? Can it be justified?....yes.....is it proper?...perhaps......
If so, what is the target?....where does one pull the (likely) ejector seat? Is that a valid R/R?
At the moment. The risk to me is that the Aussie and Euro trends seem as though they have resumed. Unless their pace is abated in the near future I would not take any risks against the current downtrend of the US dollar. As Elitejets said, it is not confirmed.
  • #7,535
  • Nov 11, 2009 8:18pm Nov 11, 2009 8:18pm
Quoting TheFutureAce
no need to make fun off. I am new and still learning. people make mistakes...u were in my position some time too
Alexandra was not referring to you but the paper trading guy that can see into the future on Post # #7512. You are OK, just sit tight and learn.



Bones






let me tell you this Strat ,I knew what price was going to do before it happened ,ahead of the game ,ahead of this thread (posted real time)and I tried to give you heads up ,you do the math of how reading price is an advantage
all ive tried to do is tell a newbie that he had spotted a perfect set up and you called it BULLSHIT

why is it Bull cause you have no idea that its really FACT
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,536
  • Nov 11, 2009 8:18pm Nov 11, 2009 8:18pm
Quoting Donadoney
At the moment. The risk to me is that the Aussie and Euro trends seem as though they have resumed. Unless their pace is abated in the near future I would not take any risks against the current downtrend of the US dollar. As Elitejets said, it is not confirmed.

Indeed, that is the point. One could leave some buy stops with a quality Trading House should the SNB act, given the quality R/R; however, I posted that amid all the hubbub of the prior posts by Bones to illustrate his missed point. No one is biting - good job!

The psychological effect of 1.5 and 1.0 on these sister pairs is interesting though, and does give pause. Strat had noted this previously, I believe.

The commodity currencies, however, seem to be giving clues at this point.
  • #7,537
  • Nov 11, 2009 8:26pm Nov 11, 2009 8:26pm
Quoting elitejets
This is for mstandifer too ...

For me on most pairs, if I don't have an order below and catch the break then I stay out. I have lost a lot chasing the markets before
Thats the reason I often use trendlines at the extremes of range and not the DSRI lines, I don't like being faked out.
Quite often a trendline break will get retested and you can get in then. If it doesn't then you have to wait for the next one.
Thanks for taking the time to respond. That actually makes a lot of sense, not getting faked out.
  • #7,538
  • Nov 11, 2009 8:29pm Nov 11, 2009 8:29pm
Quoting strat
Alexandra was not referring to you but the paper trading guy that can see into the future on Post # #7512. You are OK, just sit tight and learn.

Thanks Strat.

My sincere aplogies Alexandra.

off i go to my learning page.
  • #7,539
  • Nov 11, 2009 8:31pm Nov 11, 2009 8:31pm
Quoting elitejets
I learned to trade first with a MA crossover system ... learning price action will help you a lot and you can do it. Learn one candle / set up at a time. There are a list of some really good places to learn (free) including some videos on the webpage.
Thanks for the encouraging words Nicola....
  • #7,540
  • Nov 11, 2009 8:37pm Nov 11, 2009 8:37pm
Interesting resiliance from USDJPY today - on a long term basis, that market is obviously stalled...for those inclined long, I think we have something to look at here. The ejection point is obvious, and the potential return is rich.

And, yes, it needs confirmation - but perhaps not so much as the proverbial hanging man if one is a purist. 90 looms quite large in that one, to continue the round numbers theme of the pre-Asian chart review.
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