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  • #8,381
  • Dec 11, 2009 10:35am Dec 11, 2009 10:35am
Quoting soso
I too thouught that EURNZD could have turned its trend to up. I was looking to go long but as patrick25 said there was no good PASR and just watched the price break down again.

Looking at the bigger picture, BOSS chart, it seems to me that price hit a pretty strong resistance at 2.11 through a simple ABC pattern (a double trap pattern) and price got back on its down trend.

So, since down trend is still valid I will not look for long entries. But neither short entries because we have strong support at 2.00. Will stay on sidelines again until...
I too thought that EURNZD could have turned its trend to up. I was looking to go long but as patrick25 said there was no good PASR and just watched the price break down again.

Looking at the bigger picture, BOSS chart, it seems to me that price hit a pretty strong resistance at 2.11 through a simple ABC pattern (a double trap pattern) and price got back on its down trend.

So, since down trend is still valid I will not look for long entries. But neither short entries because we have strong support at 2.00. Will stay on sidelines again until things get clear.

Soso, well done, your light is shining brightly, Blackeagle, Alexandra and Nicola will be very proud of you.

This shows the importance of taking the direction AND sentiment from the HIGHER time frame, in this case the BOSS.

If PRICE was going to respect that psycho 2.1000 level, it would have done so when it FIRST got to it (just after 12 July on your chart).

The FACT that it BLEW through and TESTED it 3 weeks later with a Bond Shooting Star was the sign that buyers were NOT INTERESTED in PRICE at that level.

When PRICE respected the psycho 2.0000 level, we had a very good idea where PRICE was going and WHAT PRICE would do WHEN it got there.

If you were following this on the BOSS, it should NOT have been a surprise on the rejection of PRICE at the 2.1000 level.

Keep watching the BOSS and she will let you know what to do when PRICE reaches or nears psycho 2.0000 again.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,382
  • Dec 11, 2009 10:52am Dec 11, 2009 10:52am
Quoting cliftonarms
This really goes to show that two sets of eyes can have completely differing opinions when looking at the same chart.

As I described in my summary of this pair ( http://www.forexfactory.com/showpost...postcount=8335 ) I see the last two months of price action as a possible resumption of the longterm ( Since July 2007 ) trend, with an agreed strong resistance at the 21 level. Looking at the monthly first in my analysis brought me to this concusion.

This confirms the guidance given on this thread that we must wait for PASR...
This confirms the guidance given on this thread that we must wait for PASR as the ultimate confirmation.

Good lad! So many students read this yet totally ignore it when making their trades. Then they wonder why their trade lost!

As with the M5 loser who lost patience (and his account) trying to get rich quick trading shorter time frames, we must have the PATIENCE and DISCIPLINE to wait for the PASR set up.

BUT, make sure you KNOW how to SEE a PASR set up. Do NOT go LOOKING for PASR set ups. Like a sore thumb or Dolly Parton, THEY will STAND OUT!

If there are any students on here who think they can "get rich quick" with forex trading or any trading for that matter, they can do an Elvis right now (leave the building).

Those websites and broker introductory sites, emails, flyers, letters etc., promoting forex as a "get rich scheme" are all SCAMS.

They prey on the newbies, wannabe traders and generally uninformed public and are ONLY after your account - no matter how big or small. They hope you will become addicted (as our M5 loser ex-student did) and keep GIVING them your money.

Damn, I got on my soap box again, sorry!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,383
  • Dec 11, 2009 11:44am Dec 11, 2009 11:44am
Quoting soso
Very true cliftonarms.

And since you brought this up I'd like to ask other PASR method followers if they feel the same. The truth is that it is a very discretionary method and sometimes I feel the need of a little "mechanization" regarding the market structure or the direction in which to trade.
Sometimes I think the trend has turned, like in EURNZD case, made a first set of HL & HH but many times (most?) it isnt enough to fully break a strong & existing trend.

So to keep me out of potential fake new trends I've decided to look for trades...
Soso, I like and don’t like many things in this post.

And since you brought this up I'd like to ask other PASR method followers if they feel the same.

Again, this is one of my goals for this thread – for students to discuss trading related issues.

Many times I get fed up just seeing my posts and long for some interaction – but NOT from the lurkers and freeloaders – they will ALWAYS get my “Go back to the beginning of The Path of Learning” reply. I detest those who jump in here wanting our opinion of their analysis!

The truth is that it is a very discretionary method and sometimes I feel the need of a little "mechanization" regarding the market structure or the direction in which to trade.

Hmmm. I don’t see it as discretionary at all. Am I taking things for granted again?

If you take the direction and sentiment from the HIGHER time frame and SEE the PASR set up on the Worker, where is the discretion?

Now being a very mechanical and routine person myself, I am 100% for mechanization BUT you MUST tell the Market to be mechanized FIRST.

I can tell you from my total 30 + years trading experience, that a mechanized set of rules will work, SOME OF THE TIME but will eat your account when the Market enters a more random phase.

Yes, I have a few mechanical methods I trade and they are very profitable BUT they go through HUGE draw downs that I can expect because of my READING PRICE ACTION.

Sometimes I think the trend has turned, like in EURNZD case, made a first set of HL & HH but many times (most?) it isn’t enough to fully break a strong & existing trend.

This is GOOD. This is the RIGHT direction. If you know this, you are UNDERSTANDING PASR.

Ask yourself WHY you know this and, DO MORE OF IT.

So to keep me out of potential fake new trends I've decided to look for trades only in the direction of Weekly 20 EMA, if you look over weekly charts you'll see that many strong up trends are sustained by the 20 EMA. Viceversa for down trends. It isn’t anything magical about 20 EMA, besides being used in this thread and being a common MA.


NO, NO, NO, NO, NO, NO, NO, NO, NO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

If you do this, you will be 20 WEEKS BEHIND THE REAL TREND!

Have you ALREADY forgotten that ALL INDICATORS LAG PRICE and lag PRICE very badly? Go and study the description and UNDERSTAND the formula/code for moving averages and don’t come back until you KNOW how bad they can be.

Soso, LEARN to read the trend through PRICE ACTION. If you really don’t know how to do this you MUST go back to the beginning of The Path of Learning!

If you mean to use the 20 for trade and trend management of an EXISTING trend then that is good but NOT for general initiating of trades.

Be very careful how you apply this if you are going to use it. Having said that, there is STILL nothing better than PRICE ACTION to read a trend. I promote using the moving averages for trade and trend management because it is VISUAL and so easy to see.

For me, I believe is a good thing to have a simple mechanical filter to rule over my market structure, at least this is my conclusion up until this point. It speeds up the analysis (by removing the other side bias if any) and completely wipes out thoughts like "It is possible to turn over here, better keep an eye on this pair". Do you find yourself waiting with more interest for trend reversals rather than trend continuations? If yes then you're like me and I don’t think this is a good thing. How do you deal with it?


My PASR method as taught on here is your BASIC foundation for trading. In addition to learning steps later on The Path, you must take and adapt what you have learned to fit your trading style/personality. I don’t expect anyone to trade exactly as I do. Glory be, even I don’t trade exactly as I should sometimes.

Take Nicola (elitejets) for example. She is the one who pushed me to start this thread because she wanted to learn to trade my method, stress free on longer time frames. She practiced and practiced and practiced and learned and practiced again, burning the candles at both ends and then traded my method live with real money. She became very good at it (my STAR student) but has now evolved a trading style of her own to suit her personality and circumstances. Her basic foundation is still, and always will be, PASR though.

So, Soso, develop your own style to suit your personality and circumstances once you can do PASR with your eyes closed hanging upside down from that new world’s highest building in Dubai.

Strat hope is ok to bring this up, I know that your against mechanical rules but I think that for some people (like me!) a few simple rules could turn things around until real experience is gained.

Soso, this is brilliant. I wish everyone learning on here would “open up” and share their thoughts.

This is YOUR (students of this thread) forum to express anything to do with learning to trade. It is not for me to see my posts as they don’t do a damned thing for me (no ego!).
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,384
  • Edited 12:50pm Dec 11, 2009 12:44pm | Edited 12:50pm
what STRAT is teaching here is pure GOLD......,so i thought what Scams are out there and being priced ...
Seriously the SWISSY trade STRAT and BLACKEAGLE pointed out....but see below part of a e-mail that came to me...

"“Finally: Secret Forex Trader Reveals Under-The-Radar System He Uses To Make Up To
£1,000.00 A Day – TAX FREE!”

http://www.secretforextrader.co.uk/s...s/image002.jpg
...And All You Need To Get

Started Is A Computer And

An Internet Connection!

From: Sean X – The Secret Forex Trader

Date: 9th December 2009

Dear Friend,

Today I’d like to offer you the unique opportunity to access strictly *classified* market information and bank HUGE tax-free profits using my proven Forex trading system.

You don’t need ANY previous trading experience - and you can do this ANYTIME and from ANYWHERE in the world!

But before I begin, let me sincerely apologise for the secretive nature of this letter.

You see, what I’m about to share with you really is highly-sensitive information. In fact, if the city traders in London knew what I’m about to tell you... well, let’s just say they’d be less than happy!

And for that reason, I’ve decided to keep my identity under wraps. I hope you understand.

So - with that said - let me explain how I created a trading system that’s proven to regularly grow trading accounts by 25%-45% per month – tax free!

It’s crazy how it happened really..."




and than the trades......

If You Were Using The Buy and Sell Zones Last Week You Would Have Made A Staggering 365 Pips Which Equates to £3,650 profit

Usd-chf buy zone 170 pips or £1,700 in 48 hrs

BEFORE (actual screen shots taken from the Members Area) http://www.secretforextrader.co.uk/S...-CHF%20BUY.jpg

AFTER (actual screen shots taken from the Members Area)
http://www.secretforextrader.co.uk/S...ne%20After.jpg

Eur-usd sell zone 24hrs 186 pips or £1860

BEFORE (actual screen shots taken from the Members Area)
http://www.secretforextrader.co.uk/S...L%20Before.jpg

AFTER (actual screen shots taken from the Members Area)
http://www.secretforextrader.co.uk/S...ne%20AFTER.jpg






Seriously this stuff is going to be sold for £997.....before the price goes UP.


Everything you need is right here on STRATS thread.....or should i say STRAT X..
watch out for the sharks......just stay in clear waters....thats where STRAT swims


baz

PS see how easy he makes it sound ??!!!!

  • #8,385
  • Dec 11, 2009 1:10pm Dec 11, 2009 1:10pm
Thank you Strat for your very helpful comments as always!

I would like to clarify a bit more, the Weekly 20 EMA will not define my trend, the trend is identified out of price action as you said. What the Weekly 20 EMA will do is to KEEP ME OUT of looking for trend reversals too early. This is my main issue. So even when a new trend emerges (we never know it by let's assume it) I'd rather stay on the sidelines and wait to get on board after it obviously started. The EMA being the hard barrier that will keep me out of getting in too early.

To conclude, the EMA is not a decision that I will not reverse, the thing is I find myself looking too much for trend reversals rather than continuations. I think I got this stupid habit out of the EW & Gann world and I need to get rid of it.

I will study more over the weekend and see if I can get some "rules" out of PA to signal for trend reversal and keep me out (key!).

Am curious if other members here have the same issue as I do.

Have a nice weekend Strat and everyone!
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #8,386
  • Dec 11, 2009 1:24pm Dec 11, 2009 1:24pm
My current trade is a LONG on NZDUSD.
Attached Image (click to enlarge)
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Trading = a mirror to your human flaws. Fix them or be fixed.
  • #8,387
  • Dec 11, 2009 1:36pm Dec 11, 2009 1:36pm
Quoting soso
My current trade is a LONG on NZDUSD.
Be very careful, Soso.

Have you looked at what the BIG BOSS is telling you?

Have you seen the LHs on the Worker?

Have you seen that maybe you can draw a descending channel on the Worker?


Have you seen where the 50 is?



Watch out for what PRICE does at the DSRI supply line


Does the Impulse Wave from March 09 to Oct 21 tell you anything?


What usually follows such an Impulse Wave?


Remember, Dr. Joe was wrong many times but only ONCE going up and ONCE going down.


More studying please, Soso!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,388
  • Dec 11, 2009 1:52pm Dec 11, 2009 1:52pm
Quoting soso
My current trade is a LONG on NZDUSD.
Strat beat me to it. but i see .7320 as a pretty important minor level right now and that along with the other signs on the boss and big boss is what kept me out of this one.

The trade you see there is a little experimenting i am doing on demo with H4 entries that are guided by worker,boss and big boss PA.
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  • #8,389
  • Edited 4:25pm Dec 11, 2009 2:16pm | Edited 4:25pm
Quoting baz
what STRAT is teaching here is pure GOLD......,so i thought what Scams are out there and being priced ...
Seriously the SWISSY trade STRAT and BLACKEAGLE pointed out....but see below part of an e-mail that came to me...

Seriously, this stuff is going to be sold for £997.....before the price goes UP.

Everything you need is right here on STRAT'S thread

Watch out for the sharks......just stay in clear waters....that's where STRAT swims


baz

PS see how easy he makes it sound ??!!!!

Baz, Thank you very much for posting this SCAM

Baz sent me the link to this disgusting piece of CRAP and if you think this little excerpt is a RIP OFF you should see the whole useless SHIT he writes!

This appears to be from a SCAMMER who preys on the “get rich quick” crowd and releases “new, secret systems” every few months or so under a new "secret" name.

He probably doesn’t even trade himself and just publishes “new secret systems” from the free Forums such as FF.

Hell, this could even be from my thread since it is PASR trading!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I’m so pissed with this that I’m going to pull it apart for all the world to see. If there is anyone out there that can publish this in the Google reviews then go for it!

“Finally: Secret Forex Trader Reveals Under-The-Radar System He Uses To Make Up To
£1,000.00 A Day – TAX FREE!”

This is standard SCAM marketing hype!
It is done in large, attention grabbing IMPACT font.

The word “SECRET” is the accepted marketing ploy to get YOUR attention and YOUR money. It makes you feel that you are one of a very few, privileged people to be getting this. Since this is on the internet and being sent to a huge world wide email list, how much longer will it be a secret?

IT NEVER WAS A SECRET!

The Radar System are words to make you think he finds every trade going – BULLSHIT – there isn’t a trader living or dead (NO, not even the legendary W.D. Gann) or system that can do this.

£1,000.00 A Day – TAX FREE!”

–I bet that got your attention!
–Unfortunately it is true BUT it is all SMOKE & MIRRORS – where is Roy, our Welsh Ph.D. in Smoke & Mirrors wizard from down under?

A 1,000 GBP a day IS possible but NOT with sensible risk and MM and definitely NOT with the 3,000 GBP account he proposes (see later) - Think about it - that's a 33.3% account INCREASE per DAY!

Using 2 or 3, no let's say 5% of your account per trade, work out what your account size needs to be to do this.

Everything we do in trading is TAX FREE until year end and your accounts are sent to the TAX MAN who send s you a nice fat bill for TAX DUE from your profits. Some of us even have to pay TAXES on our profits every QUARTER!

(OK, the Brits may get profits tax free IF they are spread betting (I think)).

...And All You Need To Get Started Is A Computer And An Internet Connection!

This is to catch the Home Business Opportunity crowd and those who are down and out on their luck.

Again, it’s PARTLY true, it’s what you need to get started but NOT ALL of it!

“Sean X – The Secret Forex Trader”

This is used to make you think “UnderGround”. We associate anything “UnderGround” as being highly secretive and known only to the privileged few.

Also to keep his identity secret to stop those who purchased suing his ass!

“strictly *classified* market information” – there is no such thing – ALL information on any freely traded market IS available to the public.

“bank HUGE tax-free profits using my proven Forex trading system.” – feeding the “get rich” mentality.

“You don’t need ANY previous trading experience” – LIES – even WITH experience, banking huge profits IS very difficult.

“But before I begin, let me sincerely apologise for the secretive nature of this letter.
You see, what I’m about to share with you really is highly-sensitive information. In fact, if the city traders in London knew what I’m about to tell you... well, let’s just say they’d be less than happy!”

LIES – it’s the SECRET issue and SENSITIVE issue again – City traders anywhere in the world don’t give a rat’s ass what he, you or me does - even if they knew about it!

“And for that reason, I’ve decided to keep my identity under wraps” – so that we can’t see it’s the same guy selling the same recycled stuff over and over again!

“proven to regularly grow trading accounts by 25%-45%per month – tax free!”

This IS possible BUT only if you abandon ALL RISK. Add in sensible RISK and this is a huge IMPOSSIBLE LIE. If you don’t understand, compound your account at 2% or 3% per trade for a month – it is nowhere near HIS figures!

“Last summer I was speaking with one of my contacts in the banking industry, and he happened to mention that he’d recently been given access to some extremelyvaluable information.
In fact, he’d somehow gained access to the exact same data the largest investment banks and hedge funds were using to place MILLION and sometimes BILLION DOLLAR trades – meaning he knew exactly what these “big fish” were going to do, and when they were going to do it.”

Preying on the SECRET issue again, even if, which I doubt – it is NOT a secret – the large investment banks and hedge funds use Support and Resistance in their trading!

"You have a MASSIVE advantage over the other 95% of LOSING traders who are simply relying on technical knowledge, lagging indicators and the laws of probability."

Using PASR, THIS IS TRUE!

“After I’d been using this system for a while, I became curious to see if ANYONE, with ANY amount of trading knowledge could do this too. So I decided to share this information with a group of my close friends. Now, I should probably mention at this point they’d never traded before, and had ZERO knowledge about the Forex market.
But guess what?
Within 3 months they’d ALL at least DOUBLED (and some had even tripled) their investment!”

Again, without RISK, this is possible BUT apply sensible RISK AND, most important of all, the # 1 rule in trading, and it is LIES. Not only that, but it depends on Market activity or, lack of Market activity.

Don’t be fooled by account statements posted ANYWHERE. Anyone these days can “doctor” account statements to say what they want, hell, other thieves all over the world have been doing this for hundreds of years! Anyone can post FALSE accounts anywhere!

Don’t be fooled by TESTIMONIALS – anyone can write these for themselves or, have a PAID person write these (for audit purposes).

"If, for example, you were to start off with £3,000, and you doubled your money every three months... by the end of the year (with compounding profits) your £3,000 could have turned into £48,000!"

Preying on the “get rich” crowd again – make them think of money they COULD have. Make them DREAM of untold riches!

This statement is followed by photos of a Porsche Carrera, YOU and YOUR family having fun on a sun drenched beach, your private patio by the pool by a lagoon blue ocean

Buy the car you’ve always wanted – for cash!
Work IF and WHEN you want!
Go on holiday - wherever and whenever you want!
A 3,000 GBP account with sensible risk and MM will, at best, only get to about 10,000 in a year and that’s IF you are very lucky. 3,000GBP will be “scared money" and is way under funded to do 48,000 GBP per year.

"The great news is ANYONE can do this. Even if you haven’t got £3,000 to invest, you can get started with as little as £500 – and that could soon have turned into thousands, tens of thousands, and eventually HUNDREDS of thousands of pounds. (remember, all your profits are tax free!)"

You are guaranteed to LOSE trying this with only 500 quid!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

"This comprehensive guide to Forex trading includes in depth explanations of all the major trading patterns:
·Fibonacci
·Moving averages
·Bollinger Bands
·Pivot Points
·Support and resistance
·Trendlines
·Channels
·Pips, Charts and Candlesticks"

Another carrot being dangled! These are NOT patterns! They are also NOT used in his “SECRET” system – he only uses S&R! (according to his videos)

How much is it going to cost?”
"Well, the good news is that the Secret Forex Trader system is available to you at a surprisingly affordable price"

Thank you so much, you are my hero for letting me have this SECRET information at a surprisingly affordable price!

"Remember, I’m not some professional city-trader. I’m just a normal bloke who happened to get lucky, and now I want to share this system with you so you too can enjoy the same results I have."

You tell us this with every cheese bag system you try to sell you snake oil scammer salesman!

"It’s really important to me that other “ordinary” people like me can get access to – and enjoy the benefits of - this information.

So I spoke to my contact, and to my friends who have profited from this system and asked them what they thought this system was worth.

The answers ranged from £2,000 to £10,000."


This is supposed to show you the "value" that others have of his "secret" system. It is the "shock treatment. You are now in shock at such a high price!


"So then I had a dilemma. If I was to go for the high end of the scale (£10,000) or even somewhere between the two figures (£6,000) that would mean the Secret Forex Trader system would only be accessible to people who are already wealthy – which was the exact opposite of my intention when I created the system.

So I decided to go for the low-end to make this course accessible to as many people as possible... and offer it for just £1,997."


Now comes the "softening up" process - having got you thinking in terms of 10,000 GBP he has just "saved you" 8,000 GBP.

WAIT – SPECIAL OFFER FOR THE

FIRST 50 ORDERS ONLY...

If you think the Secret Forex Trader course is for you, then you’ll want to take action right now, because I’ve decided to let the first 50 people who order this course have it for:

JUST £997! +VAT


Now he has just made you a very special offer - he has reduced it by 1,000 GBP BUT, only for the first 500 orders ONLY.



Yeah right, 2 months from now and 1,000 orders later, he will still have this price! It is all designed to make you get out your wallet as fast as you can before thinking!


Enough of this, I can’t go on – it’s making me sick to my stomach to read these LIES and FALSE STATEMENTS.

The SCAMMERS who do this should be sent to fight in Iraq or Afghanistan armed only with water pistols!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,390
  • Dec 11, 2009 2:26pm Dec 11, 2009 2:26pm
Hello all,

In regards to Soso's post, while I am a big believer in Dr. Joe's teachings I have been a bit chicken to buy anything vs. usd at the moment. It is very tempting being a trend trader when they are running a big sale to pull the trigger. As Strat pointed out I am seeing lower highs and lower lows on a lot of charts. While being a U.S. citizen I dont see reasons for dollar strength, I will let the Queen show me the way. I bought the Euro last week on a strong retrace and got away with it, but I think I will sit this out for now. I feel Dr. Joe will regain control again, but the market doesn't ask my opinion! Please dont feel I am criticizing you, Just my .02. I always enjoy reading your posts.

Poncho
" I can read the left side of the chart, the right side's a Bitch!
  • #8,391
  • Dec 11, 2009 3:29pm Dec 11, 2009 3:29pm
Quoting CrudeCraig
Strat beat me to it. but i see .7320 as a pretty important minor level right now...
Yeah saw that one too, just didnt put it on my chart being minor and against the trend.

Today's bar looks like is closing as an indecision bar so I will let the Monday bar tell me if I have to close it or not.

Cheers.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #8,392
  • Dec 11, 2009 3:58pm Dec 11, 2009 3:58pm
If one were bold...
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  • #8,393
  • Dec 11, 2009 4:18pm Dec 11, 2009 4:18pm
Quoting mstandifer
If one were bold...
Why be bold when you have the BOSS and the BIG BOSS to tell you what to do?
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,394
  • Dec 11, 2009 4:37pm Dec 11, 2009 4:37pm
Now that is one STRONG statement Mr. Euro!

If you don't know what the statement is, go the the beginning of The Path of Learning.
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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,395
  • Dec 11, 2009 4:48pm Dec 11, 2009 4:48pm
Watch this space!
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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,396
  • Dec 11, 2009 4:54pm Dec 11, 2009 4:54pm
Well she certainly agrees with her Alter - Ego!
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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,397
  • Dec 11, 2009 5:07pm Dec 11, 2009 5:07pm
Glasshopper, he say usdjpy chart velly confusling.

Confuscious he say, don't be daft lad it's all in the charts.

Candlestick maker say I have made a hanging man for you.

Muppets and Pupetts and the girls taking sewing and needlework classes see their stuff.

Alexandra, she still filling her wellies after her cup runneth over

Me, I see an IB in the face of ..................................
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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,398
  • Dec 11, 2009 5:38pm Dec 11, 2009 5:38pm
Quoting strat
Watch this space!
Hi Strathttp://cdn.forexfactory.com/images/icons/icon7.gif

I have been watching this pair for a while but there is not much happening here, it has been going sideways for over a month between 1.0800 and 1.0400 and lately being stuck at 1.0600. Its testing waters to go upwards but so far the diving team is still in control.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #8,399
  • Edited 7:37pm Dec 11, 2009 5:52pm | Edited 7:37pm
Quoting strat
Glasshopper, he say usdjpy chart velly confusling.

Confuscious he say, don't be daft lad it's all in the charts.

Candlestick maker say I have made a hanging man for you.

Muppets and Pupetts and the girls taking sewing and needlework classes see their stuff.

Alexandra, she still filling her wellies after her cup runneth over

Me, I see an IB in the face of ..................................
Yes, the long term charts are controlling my entries now. The last 2 Fridays have been fortuitous to the value players. But overall, it's been a series of nice bursts followed by disappointment. The technical trade, though, seems to be ready to shift. It is quite a struggle though, which adds some concern at these levels. Fortunately those well positioned can afford to watch with profitable stops, as the U-Boats have stayed away and allowed the flagship some freedom.

I agree with USDCAD - it's a good fundamantal comment, along with AUD. USDCHF will likely show the way to both, as it has for so long.

Overall, there is room for some dollar buying on multiple fronts, so perhaps it is time to put up or shut up, as they say. A recovery of the 90 level is a wellie filler for those Dr. Joe fans in the crowd not already long.
  • #8,400
  • Dec 11, 2009 6:15pm Dec 11, 2009 6:15pm
Quoting strat
Soso, I like and don’t like many things in this post.

And since you brought this up I'd like to ask other PASR method followers if they feel the same.

Again, this is one of my goals for this thread – for students to discuss trading related issues.

[font=Arial]Many times I get fed up just seeing my posts and long for some interaction – but NOT from the lurkers and freeloaders – they will ALWAYS get my “Go back to the beginning of The Path of Learning”...
Hi Strathttp://cdn.forexfactory.com/images/icons/icon7.gif

I read your post and thought I shall reply especially with regard to your comment Many times I get fed up just seeing my posts and long for some interaction - I believe that your posts are self explanatory and that any comment after yours would have to be extra special.
You've put me right where I needed to be concerning the trading and considering what I know now being on this thread for nearly 6 months, this is gold, it will take another couple of years or more to ensure it is working as it is supposed to. It makes me wonder how really I can interact to your posts when they are self explanatory and to the point. Make no mistake, sometimes it is difficult to interact especially for the people who's english is not their first language.
One eager to learn and to implement the knowledge where teachers are but few and unbiased - your posts are treasure and any interaction you may get is with quiet acceptance of the truth by thepeople who you are guiding including myself.

Many thankshttp://cdn.forexfactory.com/images/icons/icon6.gif
Jideck
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