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  • #8,481
  • Dec 14, 2009 12:47pm Dec 14, 2009 12:47pm
Quoting Jideck
Hi tradershttp://cdn.forexfactory.com/images/icons/icon6.gif

Here is another week of AUDUSD trading:

Big Boss - As per last week, inside candle, red candle.

Boss - last week we have rejection of a minor SR, the candle is the opposite that of previous week (a bond hammer), red candle, a major tug of war between buyers and sellers, a pause before possible change of trend - soft signals are appearing there but not anything solid as a close under a 0.8900 - so there is still up trend here....
Action:

1. For - trend traders - wait for PA to show a way, similarly as last week, no opportunity. PA need to close above 0.9300 before doing anything.

PASR is for EVERYONE not just trendy traders!

2. For - against trend traders -enter a trade after a close below 0.9000 towards 0.8800 and then 0.8500

WHY? This is NOT even a good counter trend trade!

Signs of possible trend change on this pair. I am waiting for PA confirmation on the above entries.

What are the signs that you see? Are you looking for something you want to happen?

Ask Dr. Joe if he SEES Signs of possible trend change

STAY and KEEP on The Path, Jideck!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,482
  • Dec 14, 2009 12:52pm Dec 14, 2009 12:52pm
Quoting patrick25
Hi Mstandifer,

To me the Boss is giving us the warning sign. If you combine the two candles together, that is the heck of a statement there. Here the thing I started to understand that until we can learn to read the boss, we can not trend trading. Here the secret Strat already gave us in some posts, "Some ATM trades turned into trend change". Keep it simple, look at the Boss for guidence, look at worker for opportunity. Well easy to say I am still learning and that is my narrow point of view.
To me the Boss is giving us the warning sign. If you combine the two candles together, that is the heck of a statement there.

Here the thing I started to understand that until we can learn to read the boss, we can not trend trading.

Here the secret Strat already gave us in some posts, "Some ATM trades turned into trend change".

Keep it simple, look at the Boss for guidence, look at worker for opportunity.

Well easy to say I am still learning and that is my narrow point of view.

Patrick, you are very good, very observant and a good student.

Maybe you should do more of paraphrasing my “secrets” and teachings?
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,483
  • Dec 14, 2009 12:55pm Dec 14, 2009 12:55pm
Quoting patrick25
Hi All,

This is interesting guys. I would like to open a discussion and learning purpose only. Strat please comments on these. I find that audchf is very similar to eurusd but fast forward in the future please see charts. On weekly charts, Boss gave us warning on 11-15-09 and 11-22-09. On daily chart, we are @ a very interesting level.
I don't have (or want) this pair and there is not enough data on your charts for me to comment. I need to see a lot more to the left of your BOSS chart.

Might be similar but nowhere near the liquidity (or spread)
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,484
  • Dec 14, 2009 1:05pm Dec 14, 2009 1:05pm
Quoting kaunasny
After going through only 100 pages through the thread I totally share the view with mstandifer....
After going through only 100 pages through the thread I totally share the view with mstandifer. Will these 2 bearish weeks reverse the entire 10 month up trend? I think Dr. Joe still says no shorts yet.

Good – you have been reading and UNDERSTANDING

But I see market giving us alot of conflicting signals, as longer period signals say long, shorter term signals are screaming short

But where do the orders come from?

Last time 20 crossed 50 on worker we know what happened. Now price was stopped by 20 BOSS. If we look back at 2008/08/02 we can see price also stopping at 20 BOSS before continuing what was the start of a trend.

But aren’t the markets totally random and chaotic?

I say now we should see what price will do at this 20 BOSS level to show us further direction what it wants to do next.

Always make sure SR is near by

One more thing I want to share. In one of these many forex books I have been told that if everyone is saying short, most likely they are wrong and opposite direction move is good choice and I have found this to be true most of the time.

Now I hear everybody scream buy dollar = Time to sell, so I'm looking for price action to go long here.

Usually, but not always the case. It is not a hard and fast rule but one which will stand you in good stead as long as you wait for the big boys to show the way with PASR.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,485
  • Dec 14, 2009 1:07pm Dec 14, 2009 1:07pm
Quoting Forex4pty
Sorry if I'm out of order here, I found this threat very interesting and comply with what I want to be in the future as a trader, I will post here after I finish reading all the thread, I'm on page 71, but I found this post by Nicola, that brings like a Deja Vu to whats happening right now with the EUR/USD, same countries mentioned and all.

http://www.forexfactory.com/showpost...postcount=1057

Hope to be with you after finishing and understanding everything of this thread, think in a couple of weeks or more, but will read...
No, not out of order if you are a student.

No time constraint - more important to read and UNDERSTAND than rush through the thread.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,486
  • Dec 14, 2009 1:10pm Dec 14, 2009 1:10pm
Quoting insanefx
Strat

How does one get onto your 'The Path of Learning'.

In anticipation
Insanefx
Read the FIRST page FIRST and PM your details to Naws
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,487
  • Dec 14, 2009 1:12pm Dec 14, 2009 1:12pm
Quoting Grimweasel
Did some spread analysis this weekend and I may take a few pairs off my watch list, regardless of PA as the spreads with my broker are too wide.

EurNzd is 25 pips, so 50 pip round trip before any profits or added to losses!
GbpCad is 10 pips, so 20 pip round trip
EurCad is 10 pips, 20 pips round trip
GbpAud is 15 pips, 30 pips round trip

Plus, they use the mid price of the spread to close the trade which is a bit naughty I believe as you are then robbed of the spread above/below that mid price I think? Unless I have this bit wrong?
Rather than take them off your watch list, take them off your trade list and just use them for practice
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,488
  • Dec 14, 2009 1:19pm Dec 14, 2009 1:19pm
Quoting hcristea
Hi Patrick,

In November, the Big-Boss wanted to change direction and go South but she wasn't too convincing. She didn't convinced the Boss and Worker, at least not yet. But there is still time to convince them

Maybe the Worker can convince the Boss to convince the Big-Boss that is not yet the time to head South.

Price is at a resistance level. Lets see how the candle from Monday looks like. A new high above that resistance will confirm that the bullish trend hasn't stopped. There is no PASR on the Worker. At least I dont see any.
In November, the Big-Boss wanted to change direction and go South but she wasn't too convincing. She didn't convinced the Boss and Worker, at least not yet. But there is still time to convince them

Where did the BIG BOSS say that? A doji is NOT a price reversal bar. It is a sign of pending change or just a pause. Either way, it needs confirmation to trade off it.

Maybe the Worker can convince the Boss to convince the Big-Boss that is not yet the time to head South.

WHAT?

WHAT?

Go back to the beginning of The Path of Learning and make sure you read and UNDERSTAND my post on THE HIGHER ORDER OF TIME FRAMES
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,489
  • Dec 14, 2009 1:21pm Dec 14, 2009 1:21pm
[quote=jacanpipster;3303287]
Quoting mstandifer
Now I'm confused....
I think Strats answer to Soso NZDUSD post #8386 is very relevant to the EurUsd chart you posted as he seems to imply that we should expect some correction after the strong impulsive move from Mar 09 but since we are not trying to pick market tops or bottoms I agree with you that we might have to sit aside until the direction is clear. I seem to recall Strat saying market might be a bit thin in Dec due some of the big boys taking early holidays and leaving the apprentices to trade. If this is the case how much should we discount current price action as not been reflective of a truly liquid market. I guess new traders like myself should stay out until next year.

Good lad – you read and UNDERSTOOD!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,490
  • Dec 14, 2009 1:35pm Dec 14, 2009 1:35pm
Quoting Spinner
Thanks for comments. Very glad indeed to get the feedback.

Sad about the trendline I was quite happy with it Yet welcome.

Maybe this trend line is better?

As for the S/R point I only really see 1.6712 and 1.5780 as meaningful the one in the middle (1.6164) maybe shud be a minor one at 1.6113.

Of course I will wait for PASR before entering.

Thanks again

Spinner
Now, THAT line is much better! Hope you know what to do if you get a re-test of it?
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,491
  • Dec 14, 2009 2:00pm Dec 14, 2009 2:00pm
Under over sideways down comparison
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd vs usd vs usdchf big bosses.gif Size: 23 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,492
  • Edited 2:06pm Dec 14, 2009 2:04pm | Edited 2:06pm
Quoting strat
As you can see I have decided that the PA justified a trade, an IB in Thursday

That is NOT PASR trading as taught on this thread!

IB trading is an advanced strategy later in The Path when you have mastered BASIC PASR!

Would it be advisable to exit on the basis of that candle and cut my losses or is there still hope for the trade.

[font=Arial]Anytime you have doubts like these –...
I realised afterwards that I shouldn't have been trying to trade off that IB at my stage of learning, and yes I was doubting whether my trade was going wrong and should have exited but didn't and haven't. It will have to play itself out now. I do understand what I am looking for just not very good at finding it yet... what?

I am getting along well in the thread, have never traded so little since I started 18 months ago.

This wont be the last mistake I make trying to trade PASR so you will just have to put up with me until I start getting it right.

Mancity sure know how to make the bottom of the log look good!

Thank you all for your comments

Larry
  • #8,493
  • Dec 14, 2009 2:05pm Dec 14, 2009 2:05pm
Anything you want, you got it
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd vs usd vs usdchf bosses.gif Size: 24 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,494
  • Dec 14, 2009 2:12pm Dec 14, 2009 2:12pm
Now down to our level
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd vs usd vs usdchf workers.gif Size: 29 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,495
  • Dec 14, 2009 2:19pm Dec 14, 2009 2:19pm
Quoting LarryK
I realised afterwards that I shouldn't have been trying to trade off that IB at my stage of learning, and yes I was doubting whether my trade was going wrong and should have exited but didn't and haven't. It will have to play itself out now. I do understand what I am looking for just not very good at finding it yet... what?

I am getting along well in the thread, have never traded so little since I started 18 months ago.

This wont be the last mistake I make trying to trade PASR so you will just have to put up with me until I start getting it...
I realised afterwards that I shouldn't have been trying to trade off that IB at my stage of learning, and yes I was doubting whether my trade was going wrong and should have exited but didn't and haven't. It will have to play itself out now. I do understand what I am looking for just not very good at finding it yet... what?

Keep practicing but don’t go blind doing it!

I am getting along well in the thread, have never traded so little since I started 18 months ago.

But is that good for you and your personality (and account) or are you dying to lose it all on M15 or M5?

This wont be the last mistake I make trying to trade PASR so you will just have to put up with me until I start getting it right.

No worries, mate. Just make sure it is NOT the SAME mistake. Keep letting us know what you’re doing.

Man City sure know how to make the bottom of the log look good!

They look to me like their cheque books are weighing them down! Did any of them break into a sweat? I’m surprised Sparky is letting it go – he needs to be careful as I’m sure Jose is waiting in the wings!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,496
  • Dec 14, 2009 2:30pm Dec 14, 2009 2:30pm
Quoting Alexandra
Indeed, that is how I was trained.

The EUR CHF argument is interesting. To me EURUSD is the most technical pair on the board; however, I do find the various S/R levels tested more frequently through CHF. That was the case earlier in the year for me, but as you say it is an individualized approach. I bet if one does the math, the pip range per day is still higher for CHF. It was in the past.
I bet if one does the math, the pip range per day is still higher for CHF. It was in the past.

Hmmm

If you look at the Big Boss, the swing from June 2001 to March 2008 was:

EURUSD: 7369
USDCHF: 8041

This blows my reasoning that eurusd moves more!

I am going to have to pay more attention to USDCHF from now on

Another day, another lesson. Thanks Alexandra (and Lou).
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,497
  • Dec 14, 2009 2:35pm Dec 14, 2009 2:35pm
Quoting strat
Action:

1. For - trend traders - wait for PA to show a way, similarly as last week, no opportunity. PA need to close above 0.9300 before doing anything.

PASR is for EVERYONE not just trendy traders!

2. For - against trend traders -enter a trade after a close below 0.9000 towards 0.8800 and then 0.8500

WHY? This is NOT even a good counter trend trade!

[i][font=&quot][color=blue]Signs...
Hi Strathttp://cdn.forexfactory.com/images/icons/icon7.gif

Thanks for your comments.
I have attempted to analyse this pair for number of weeks now and patiently waited whether I am on the right track with the conclusions in the end.

The Action that I "recommend" is supposed to get some comments too, I do not assume that it is 100% OK. This is what I see, however I will stay away from offering a post on what to do as it seems that this is not going in the right direction. I do not trade against the trend so this is even more valid.

Considering the trend change on AUDUSD the DR Joe is still in contrrol however current momentum is pointing downwards, a comment like "
Signs of possible trend change on this pair. I am waiting for PA confirmation on the above entries.

What are the signs that you see? Are you looking for something you want to happen?
is to mean that I am observing the pair to see whether DrJoe is no longer in control of upwards move. No other indications but PASR.

Thanks for replyinghttp://cdn.forexfactory.com/images/icons/icon14.gif.
Jideck
  • #8,498
  • Dec 14, 2009 2:53pm Dec 14, 2009 2:53pm
We discussed the comparison between EURUSD and USDCHF where the common pair is therefore EURCHF.

So what does EURCHF tell us?

We discussed the comparison between USDJPY and USDCHF where the common pair is therefore CHFJPY

So what does CHFJPY tell us?
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf vs usd vs chfjpy.gif Size: 28 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,499
  • Edited Dec 15, 2009 2:03am Dec 14, 2009 3:14pm | Edited Dec 15, 2009 2:03am
Quoting strat
Maybe the Worker can convince the Boss to convince the Big-Boss that is not yet the time to head South.

WHAT?

WHAT?

Go back to the beginning of The Path of Learning and make sure you read and UNDERSTAND my post on THE HIGHER ORDER OF TIME FRAMES
Strat,
I went back and read again the "higher order of the time frames" post. I understood that the Worker can't convince the Boss as the Boss controls the Worker. So, if there will be a change, that change will first be seen on the Boss ie the change in one time frame will first be seen on the higher time frame. Therefore never the Worker will convince the Boss.
  • #8,500
  • Dec 14, 2009 3:28pm Dec 14, 2009 3:28pm
Quoting strat
We discussed the comparison between EURUSD and USDCHF where the common pair is therefore EURCHF.

So what does EURCHF tell us?

We discussed the comparison between USDJPY and USDCHF where the common pair is therefore CHFJPY

So what does CHFJPY tell us?
Hi Strat

I see that at this moment it is copying EURCHF by moving sideways forming a wedge and sort of a spiral. Slowing before a big move???

Jideck
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