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  • #8,081
  • Nov 29, 2009 4:05pm Nov 29, 2009 4:05pm
Quoting PistolDave
Just wondering why you consider this a bond SS when the top of the candle has tested the 1.0162 SR level and made it back down to the support level of 1.0039? Wouldn't an entry below the bottom of the SS be a high-probability trade because you are taking a trade with the trend, break of a reversal candle, bounce off of the downtrend line, and a break below support, all of which would indicate that the market would trade lower? Probably at least to the 0.9970 area or lower?

I'm not trying to make a case for a short sale here, because the R:R might...
You raise a very good question Dave. I don't think there are any definite rules about deciding whether an SS is a bond or not, except that a true SS must be at a SH. I don't think that can be judged definitely at this point. My 'gut' feeling, and I realise that isn't a good enough justification, lol, is that the retrace has not gone far enough towards the trend line or the 20 MA. I know the shadow/wick has reached the 50MA but the close of the candle still has some space to go. Looking at the SS (bond) on 19/11/09 you can see what I was thinking might happen.

I suppose you could put a short on this one with say a 10 point gap below the candle, so if it went down you might pick the move up, and if it continued on the retrace you would not get filled but.......

For me certainly, the R:R is not good enough, but that is another matter, as you rightly say.

Thanks for your comments, they really made me think more carefully about the reasons for my rather careless statement. Another good example of how much there is to learn at this game.
  • #8,082
  • Nov 29, 2009 6:45pm Nov 29, 2009 6:45pm
Quoting Lotuselanman
You raise a very good question Dave....
The #1 deciding factor for me on this SS as well as the USD/CAD bar is where the weeklies closed on both of them.
  • #8,083
  • Nov 29, 2009 6:55pm Nov 29, 2009 6:55pm
I had learn a lots for this thread. thanks Strat

Now I got a question about the EJ , see the Chart below.

I don't know where does the EJ will go.

1. from this chart, I think there is a pin bar( may be something else ) so I should do long.

2. but after I thought about the trend, I think maybe do short will be better.

so I was total confused.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-11-30_EJ_Daily.gif Size: 17 KB
Try to understand English Try to understand Forex
  • #8,084
  • Nov 29, 2009 7:04pm Nov 29, 2009 7:04pm
Quoting Activer
I had learn a lots for this thread. thanks Strat

Now I got a question about the EJ , see the Chart below.

I don't know where does the EJ will go.

1. from this chart, I think there is a pin bar( may be something else ) so I should do long.

2. but after I thought about the trend, I think maybe do short will be better.

so I was total confused.
First of all welcome to the thread

Second, the best thing we can do for you is get you started on post one at the beginning of the path of learning.

It's going to take time as the thread is growing at a fast rate, but it is the only way and the best way to learn this material.

When you have done this you will know the answers to your questions.
  • #8,085
  • Nov 29, 2009 7:39pm Nov 29, 2009 7:39pm
Quoting strat
Let's do it out of sight of the Lurkers, Shurkers, freeloaders and the "all take, no give" mob.
I might have overlooked a post rescinding the request this exercise be private but I don't see it. Everyone has started posting charts on this new exercise but has done it on the main thread.

I hadn't seen Strat give the go ahead on this and hadn't seen anything regarding the private forum if it had been set up, so I'm holding any exercise related comments until that information is available. If I've missed it, please feel free to flame me good and hard for missing it!
-m
  • #8,086
  • Nov 29, 2009 7:48pm Nov 29, 2009 7:48pm
Quoting mstandifer
I might have overlooked a post rescinding the request this exercise be private but I don't see it. Everyone has started posting charts on this new exercise but has done it on the main thread.

I hadn't seen Strat give the go ahead on this and hadn't seen anything regarding the private forum if it had been set up, so I'm holding any exercise related comments until that information is available. If I've missed it, please feel free to flame me good and hard for missing it!
-m

I was wondering the same myself, PPL are jumping the gun already!
  • #8,087
  • Nov 29, 2009 7:49pm Nov 29, 2009 7:49pm
Quoting mstandifer
I might have overlooked a post rescinding the request this exercise be private but I don't see it. Everyone has started posting charts on this new exercise but has done it on the main thread.

I hadn't seen Strat give the go ahead on this and hadn't seen anything regarding the private forum if it had been set up, so I'm holding any exercise related comments until that information is available. If I've missed it, please feel free to flame me good and hard for missing it!
-m
That makes three of us.
  • #8,088
  • Nov 29, 2009 9:12pm Nov 29, 2009 9:12pm
Quoting CrudeCraig
First of all welcome to the thread

Second, the best thing we can do for you is get you started on post one at the beginning of the path of learning.

It's going to take time as the thread is growing at a fast rate, but it is the only way and the best way to learn this material.

When you have done this you will know the answers to your questions.
I had start to read this thread from the first post.

The progress is very slowing then your image, but I still keep going.

Because I'm pool in English, Reading ONE page takes me nearly ONE hour.

The biggest problem is that I can not fully understand some post.

Sometimes maybe got a misunderstanding.

So I wondered if someone can give me a hand , type some clue or some advice.
Try to understand English Try to understand Forex
  • #8,089
  • Nov 29, 2009 9:25pm Nov 29, 2009 9:25pm
Quoting Lou
That makes three of us.
I agree, Strat what do you think?

I like the idea of perhaps assigning certain pairs to members each week, it will provide some form of organization.
  • #8,090
  • Nov 29, 2009 9:44pm Nov 29, 2009 9:44pm
Quoting Activer
I had start to read this thread from the first post.

The progress is very slowing then your image, but I still keep going.

Because I'm pool in English, Reading ONE page takes me nearly ONE hour.

The biggest problem is that I can not fully understand some post.

Sometimes maybe got a misunderstanding.

So I wondered if someone can give me a hand , type some clue or some advice.

I noticed you don't have 127.00 on your chart as a major level.

As i see it we are stuck in this range from 127 to 138.5.

PS: I think GJ shows a clearer picture.
  • #8,091
  • Nov 29, 2009 11:59pm Nov 29, 2009 11:59pm
Hi All,

I have been reading this thread for some time now and only on the page 140 of this thread. I must say that this is one of the the most honest and knowledgeable threads on Fx Factory.

I hope you guys don’t mind me joining the path of learning as well I am looking forward to learn lot from you all.

Regards,

Harman
  • #8,092
  • Nov 30, 2009 1:56am Nov 30, 2009 1:56am
Quoting CrudeCraig
I noticed you don't have 127.00 on your chart as a major level.

As i see it we are stuck in this range from 127 to 138.5.

PS: I think GJ shows a clearer picture.
thanks
127 as resistance, I got it.
Try to understand English Try to understand Forex
  • #8,093
  • Nov 30, 2009 2:23am Nov 30, 2009 2:23am
Quoting Activer
thanks
127 as resistance, I got it.

127 is acting as SUPPORT.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy112909.gif Size: 26 KB
  • #8,094
  • Nov 30, 2009 3:00am Nov 30, 2009 3:00am
Quoting CrudeCraig
127 is acting as SUPPORT.
Yeah, I got confused. I mean support.

I need to learn English now.
Try to understand English Try to understand Forex
  • #8,095
  • Edited 4:08am Nov 30, 2009 3:27am | Edited 4:08am
Quoting Activer
Yeah, I got confused. I mean support.

I need to learn English now.
No problem,

I am always impressed by some of you guys whose native language is not English.

Just keep on reading as best as you can and feel free ask when things are not making sense.

Myself along with the others here will do our best to help you along the path as long as you put in a genuine effort to answer the questions yourself first.
  • #8,096
  • Nov 30, 2009 5:14am Nov 30, 2009 5:14am
As Strat said indeed it seems too much and could turn the direction of the thread in a way that older members wouldnt be compeled to post anymore.
I will step out of the exercise and will post my usual analysis when I see opportunities.

Have a profitable week everyone!
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #8,097
  • Nov 30, 2009 9:05am Nov 30, 2009 9:05am
Quoting Lotuselanman
You raise a very good question Dave. I don't think there are any definite rules about deciding whether an SS is a bond or not, except that a true SS must be at a SH. I don't think that can be judged definitely at this point. My 'gut' feeling, and I realise that isn't a good enough justification, lol, is that the retrace has not gone far enough towards the trend line or the 20 MA. I know the shadow/wick has reached the 50MA but the close of the candle still has some space to go. Looking at the SS (bond) on 19/11/09 you can see what I was thinking...
I appreciate the explanation. Keep posting your analysis of the setups, as they are quite good and I am learning from all of it. The reason I asked about that was because I have made the mistake several times in the past of taking a trade on what I thought was a good SS or hammer but it didn't work out. They were probably bond candles. So I'm obviously missing something. You are most likely right, in that price may need to retrace farther before this SS would be considered to be at the end of an uptrend.

It will come with experience, no problem.
  • #8,098
  • Nov 30, 2009 9:28am Nov 30, 2009 9:28am
Thanksgiving Post

I have deleted my Thanksgiving Post due to abuse from the lurkers, free loaders and trolls that frequent these forums.

While I believe in helping and sharing my knowledge, it is only with those who need it, are prepared to put in the hard work to learn it and then, in turn, help others on the thread.

I have no time or patience for the lurkers, free loaders or trolls who take information and then run, giving nothing in return.

The abuse from these selfish worthless people was so bad that I seriously considered shutting down the thread and moving into an entirely private format.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,099
  • Nov 30, 2009 10:12am Nov 30, 2009 10:12am
Quoting strat
Thanksgiving Post

I have deleted my Thanksgiving Post due to abuse from the lurkers, free loaders and trolls that frequent these forums.

While I believe in helping and sharing my knowledge, it is only with those who need it, are prepared to put in the hard work to learn it and then, in turn, help others on the thread.

I have no time or patience for the lurkers, free loaders or trolls who take information and then run, giving nothing in return.

[font=Arial]The abuse from...
Hi Strat,

I am glad that I had read it before you deleted. That post had a lot of information that help me see things that I have over looked at charts all these years. Thanks.
  • #8,100
  • Nov 30, 2009 10:20am Nov 30, 2009 10:20am
Quoting strat
Thanksgiving Post
Quoting strat
I have deleted my Thanksgiving Post due to abuse from the lurkers, free loaders and trolls that frequent these forums.
While I believe in helping and sharing my knowledge, it is only with those who need it, are prepared to put in the hard work to learn it and then, in turn, help others on the thread.
I have no time or patience for the lurkers, free loaders or trolls who take information and then run, giving nothing in return.
The abuse from these selfish...


Sorry to hear your angst on this issue Strat and the fact that you considered closing the thread. I can understand your vexation though as I know a few 'thread starters' that went 'private' for pretty much the same reasons (vermin, freeloaders, dark forces, threats from Brokers etc). I think Trader_Dante went private over on T2W and we know Jacko did the same. I'm glad that I printed a copy of the deleted post for future reference! J

I suppose it does beg the question of how far to take the thread and when/if people progress beyond basic PASR, how do you communicate advanced techniques without tempting those on the beginning of the path to 'jump the gun'? There is a wealth of information on these pages now and latecomers to the thread are constantly being asked to read the entire thread before asking questions that clearly highlight the lack of work on their part by not reading from Page 1.

This is undoubtedly the most concise, informative and BS free thread on FF and it has changed my view of trading forever and it would be elitist of me to suggest taking it elsewhere or private, but I would imagine that as the thread members balloon, Strat and Team will find it increasingly hard to review/answer all the posts, especially when most of the questions have been asked/taught on the thread?

I'll shut up and stop rambling as I'm not sure where this is heading and ultimately, Strat has given a wealth of information here for free - so whatever decisions he takes we must all respect that.



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