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  • #8,121
  • Nov 30, 2009 9:20pm Nov 30, 2009 9:20pm
I also check charts at the open of new candle and am reading and studying from this thread whenever possible.

I look forward to hen I am caught up but am glad I found this thread in October rather than disappointed I didn't find it in Fenruary.

Everything Start does here is so appreciated and I hope however he chooses to move forward I and others like me can continue to learn and one day add valuable input and indeed perhaps become "traders helping traders"; or dare I say it one day "Strat certified trainers".

Thank you Strat and all contributors here for this BS free thread, the only like it I have come across on the web.
  • #8,122
  • Nov 30, 2009 9:42pm Nov 30, 2009 9:42pm
Quoting jacanpipster
"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."
Anyway as we progress along the path I hope the senior members will continue to address the newbie questions and allow Strat to provide the guiding hand he has so willing proffered.
JacanPipster is writing on behalf of those of us who are reading from page 1 and trying to find answers as the path evolves page by page and post by post. Not only are we learning such great material but also reading up to date posts to keep up with the pack (perhaps that adds 2 the volume of lurkers!). Replicating basic question that are already answered in different pages is not the idea. I read through the entire thread in one month but that didn´t take me anywhere on my trading, so I started from page 1 again to truly understand the power each post and I know it will take time to accomplish my objective PASR with all the material included (only on page102)... My humble opinion is that Intermediate/Advances traders should continue with their evolvement as traders and sometime in the near future us the "101 traders" will catch up and contribute when the time is right...thanks Strat and team for making this happening and be patient with us newbies, my motivation on FOREX trading revived thanks to this thread!!! wheter should be private or not is the creators decision which I´ll respect... GREAT CONTRIBUTIONS...
  • #8,123
  • Dec 1, 2009 12:51am Dec 1, 2009 12:51am
Hi Strat, All

Let me introduce myself.

I am Luca from London (originally from Italy).

I cannot consider myself a trader yet but I have been spending several hours per week studying and practicing with mixed results since beginning of 2008.

Lotuselanman, who I met last summer, recommended the thread to me; thank you Lotuselanman !

I was desperately looking for experienced people to learn from and I think I found them.

I have been reading the thread from page one, I still have a long way but I hope I can join the Path an give my contribution soon.

Regards,
Luca
  • #8,124
  • Dec 1, 2009 1:06am Dec 1, 2009 1:06am
Hi,

I have been monitoring this pair for a while and like all crosses selling USD, this one has been in an uptrend as well. The BOSS is definitely in an uptrend but looks like the worker has decided to take matters in its own hands. The 20EMA and 50 MA have crossed to the downside and price is now below the MA’s. I was tempted to short this trade (as there was an IB on my chart on the 24/11) and BEOB on the weekly as well (46th week).

My preliminary analysis is telling me to short this baby but I don’t fancy running face first in to BOSS 20.

Cheers,

Harman
  • #8,125
  • Dec 1, 2009 2:45am Dec 1, 2009 2:45am
Quoting PipMobile
Hi,

I have been monitoring this pair for a while and like all crosses selling USD, this one has been in an uptrend as well. The BOSS is definitely in an uptrend but looks like the worker has decided to take matters in its own hands. The 20EMA and 50 MA have crossed to the downside and price is now below the MA’s. I was tempted to short this trade (as there was an IB on my chart on the 24/11) and BEOB on the weekly as well (46th week).

[color=black][font=Verdana]My...
Hi Harman

Thanks for your post. I have no idea whether you have been following Path of Learning, but if you do not please note that we do not take crossing of MA's as an indicator to enter a trade.

If you have any doubt on this look at previous Strat's posts for explanation.

Happy trading.
Jideck
  • #8,126
  • Dec 1, 2009 5:37am Dec 1, 2009 5:37am
Quoting Jideck
Hi Harman
Thanks for your post. I have no idea whether you have been following Path of Learning, but if you do not please note that we do not take crossing of MA's as an indicator to enter a trade.
Hi Jideck,
Thanks mate. Appreciate it. I have no doubts about MA cross over’s as I used to trade them at a time. They are useless as trading signals however it’s something which I have learnt to notice and cannot ignore anymore.
From a trend perspective it tells me that momentum is slowing down, so look at me.
But i could be wrong. Well, i have been wrong.
  • #8,127
  • Edited 7:45am Dec 1, 2009 7:19am | Edited 7:45am
Quoting strat
The lurkers, freeloaders and trolls problem is one which I seriously need to work on and address somehow.

Strat,

I don't think I'm a freeloader or a troll, but its true to say I've lurked almost since day 1 of this thread, waiting till I had come to terms with Price Action before joining your path of learning.

I hadn't seen lurking as wrong or rude (nor even as lurking!) , but perhaps it is so please accept my sincere apologies.

Well, your recent posts have beaten me out of the bushes and into the open. With your permission I would like to join the path of learning and participate in the thread.

I understand I contact NAWS to do so, .... which I shall do shortly,
If you can wait and not be tired by waiting...
  • #8,128
  • Dec 1, 2009 7:29am Dec 1, 2009 7:29am
Quoting davide119
Hi Strat, All

Let me introduce myself.

I am Luca from London (originally from Italy).

I cannot consider myself a trader yet but I have been spending several hours per week studying and practicing with mixed results since beginning of 2008.

Lotuselanman, who I met last summer, recommended the thread to me; thank you Lotuselanman !

[size=3][FONT=Times...
Hey Luca!!!!! It is good that you are on the Path. Have you sent details to Naws?

It's a long haul now I fear, fortunately I started somewhere around April I think when there wasn't so much to read to catch up. But there is no doubt that it is worth it. Remember that we are all learners on this thread - there are the Master teachers/learners, like Strat, Blackeagle, Elitejets and Alexandra, but even they admit there is always something new to learn - there are some in various stages of semi-expertise and many many more only a few steps along the Path. So any questions please ask. The worst that can happen is that you will be told to read some more posts along the way, the most likely is that people will give you a hand up if you show you are serious about learning and not trying to avoid the hard work.

It is good to see you here. When we have spoken I know how serious you are and how keen you are to develop your skills. Good luck!

Christopher
  • #8,129
  • Edited 7:45am Dec 1, 2009 7:45am | Edited 7:45am
Quoting davide119
Hi Strat, All

Let me introduce myself.

I am Luca from London (originally from Italy).

I cannot consider myself a trader yet but I have been spending several hours per week studying and practicing with mixed results since beginning of 2008.

Lotuselanman, who I met last summer, recommended the thread to me; thank you Lotuselanman......
Welcome Luca. Anyone who is a friend of Christopher is a friend of mine.

You are in the right place to learn to become a better trader.

Dave
  • #8,130
  • Edited 8:14am Dec 1, 2009 8:02am | Edited 8:14am
attached is my daily USDCAD chart at 14.00gmt

The price has broken out of a pattern in the direction of the trend. There was a nice pin a few days ago which seems to have been confirmed by subsequent price action. I have been watching this pair to see which way it was going to go, as it has broken towards the trend direction I would have thought it was worth trading, the stop being above the current candle and the first target down at the previous lows.

What do you guys think, am I missing something important. This is by way of my trying to put into practice what I have learned to date which is page 160 ish, so be kind.

thanks
Larry

ps the chart is on the next page
  • #8,131
  • Edited 8:13am Dec 1, 2009 8:09am | Edited 8:13am
I have no idea why my chart wont attach, see if it works this time

see previous page for analysis
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad daily.jpg Size: 112 KB
  • #8,132
  • Dec 1, 2009 12:45pm Dec 1, 2009 12:45pm
Hi Strats and all!!

Finally I am here to post. I've been reading this thread since 2 months ago. And I am still on page8 as you can see my nick is 'Slow Learner'. It takes me a long time to understand even a post. I am new in trading.. never trade live before. Started demo since half year ago. English is not my native tongue and I hope that you guys can be patient with me.

This is my first forex forum that I followed. So, I have no experience with any indicators or robots. I am so GLAD that this is the first forum that I study. I love the way Strats teach. It just blows my mind sometimes thinking of what hidden message you sending. It's like decoding password.

I hope that I can contribute to this thread asap but I hope that I do good more than bad.
Thanks to Strats and all that been very generous on sharing such good knowledge.

JOY
  • #8,133
  • Dec 1, 2009 1:15pm Dec 1, 2009 1:15pm
Watching for a stress free entry.
Attached Image (click to enlarge)
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  • #8,134
  • Dec 1, 2009 2:36pm Dec 1, 2009 2:36pm
Quoting PipMobile
Hi Jideck,
Thanks mate. Appreciate it. I have no doubts about MA cross over’s as I used to trade them at a time. They are useless as trading signals however it’s something which I have learnt to notice and cannot ignore anymore.
From a trend perspective it tells me that momentum is slowing down, so look at me.
But i could be wrong. Well, i have been wrong.
Hi Harmanhttp://cdn.forexfactory.com/images/icons/icon7.gif

Good stuff. As long we acknowledge that we can be wrong we have a good chance of making pips.

As for NZDUSD it is still moving up.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #8,135
  • Dec 1, 2009 4:09pm Dec 1, 2009 4:09pm
The worker just closed 7 pips below outside the triangle. This is not enough for this pair.

Entering now means placing an offer below the low, ~ 1.0395, with a SL ~ 1.07, not good from a R/R ratio perspective.

I would like to see a clear break below outside the triangle and then some failed atemps to break the new ressistence. After this, let's see some PA and i'm in

I like to play it safer now
Attached Image (click to enlarge)
Click to Enlarge Name: frst trade.gif Size: 22 KB
  • #8,136
  • Dec 1, 2009 5:07pm Dec 1, 2009 5:07pm
Quoting Jideck
As for NZDUSD it is still moving up.
Phew, another example of don't trade against the trend.

On another note, an hour or so for candle to close on the USD/CHF, BEOB seems to be forming.

Am i reading it right? However candle low bounced of resistance at .9970.

Harman
Attached Image (click to enlarge)
Click to Enlarge Name: USD_CHF.JPG Size: 117 KB
  • #8,137
  • Dec 1, 2009 7:03pm Dec 1, 2009 7:03pm
Lou, here is my USDCAD Monthly. Fib based on the March 2009 high and the November 2007 low.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 21 KB
  • #8,138
  • Dec 1, 2009 7:27pm Dec 1, 2009 7:27pm
Quoting mstandifer
Lou, here is my USDCAD Monthly. Fib based on the March 2009 high and the November 2007 low.
OK.. thanks. Check you PM.
  • #8,139
  • Dec 1, 2009 7:51pm Dec 1, 2009 7:51pm
Bear in mind you can only do this if your accounts are both the same type. I.e. both mini or both standard. And be sure to move your existing profile out of the other before you do the copy or you will loose those settings for when you want to change them back.
Attached Image (click to enlarge)
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  • #8,140
  • Dec 1, 2009 7:53pm Dec 1, 2009 7:53pm
Quoting jacanpipster
[font=Arial]"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."

Grim
I don't know how Strat defines the lurkers,freeloaders and vermin's but the mere fact that newcomers are encouraged to start at page 1 means that there will always be a lot of readers on this thread who are not ready to contribute and as the word spread about the wonderful gems on offer here...
It's a lot to catch up on. Anyway, I feel that I need to practice what I am learning, and there are not very many opportunities. The last one I saw was a weekly AUD/USD on the 23/11 which I thought was a BEEB. anyway, it dropped 300 pips. So, it looks as though something is rubbing off, thanks guys.
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