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  • #8,741
  • Dec 30, 2009 8:49am Dec 30, 2009 8:49am
Quoting stgeorge
To give away the secrets of Forex for $77 bucks, he must think he is Santa Claus!

A lot of the banks have to finalise their end of year accounts, both for the regulators and the shareholders. The next few days in the markets will be driven by balancing the trading books. (This balancing only means within the banks predetermined levels, so if the traders have over extended say oil futures they have to sell down to within the banks allowed holding level, or the regulator fines them) This does not apply to Forex as they account for this in a different...
Thanks for the valuable information.

In addition to year end, it is also quarter end and end of delivery months for certain futures contracts.

With regard to forex, the market usually balances out by the second week in January. This is also due to year end but mainly due to Europe being on holiday until January 4th and New York still partying.

There have been years when BOJ took advantage of this so be cautious of any JPY pair moves if you have to trade during this period.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,742
  • Dec 30, 2009 8:56am Dec 30, 2009 8:56am
Quoting mstandifer
Going over my notes from the past, it appears the secret telling continues. If this were a safer week to trade, I would take this one as a counter trend ATM.
No longer counter trend, Marcus - it is in a range/consolidation. This would have been a good triple pip move, and may still be, had it been during more liquid times.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,743
  • Dec 30, 2009 9:06am Dec 30, 2009 9:06am
Quoting Sid
Thanks for your comments Strat! Great stuff! In particular I like your advice on the "never having enough" as a fundamental human condition and letting it go.

Shifting the focus of our goal from thinking in terms of "having more" towards "having your own business", has the potential to not only change ones outlook in general but to also generate success in trading.

I guess a pitfall could be, that we tell ourselves and others a different story than we actually (maybe subconsciously) believe and feel....
I guess a pitfall could be, that we tell ourselves and others a different story than we actually (maybe subconsciously) believe and feel. I know that I have told myself countless rather self-deluded stories about all kinds of things. That's also true for trading…

Sid, if this is happening to you then YOU are NOT in CONTROL. YOU are still being CONTROLLED by the demons, gremlins, little men in your head and the guy in the mirror.

You MUST convince yourself and especially your subconscious that you are running your own business with forex trading as the vehicle.

Do whatever you have to do to "drum/drill" this into your head/mind such that whenever anyone asks you about your trading, your first and automatic response is that it is a business you are running.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,744
  • Dec 30, 2009 9:13am Dec 30, 2009 9:13am
  •  Sid
  • | Joined May 2009 | Status: Get wise or die laughing | 85 Posts
Quoting mstandifer
Sid, this was an interesting read....

Glad you find systems stuff interesting mstandifer! Applied to trading, it's currently helping me to generate more self-awareness, to make better choices and to develop a plan…
Is the consideration of fundamentals helping you in your trading decisions? I've never been clever enough for that… A long while ago I read in one of Kostolany's books a humorous remark which went something like "The market always does the opposite of what it should do, only sometimes it's different" That reflects the result of my own application of fundamentals pretty well
  • #8,745
  • Dec 30, 2009 9:18am Dec 30, 2009 9:18am
  •  Sid
  • | Joined May 2009 | Status: Get wise or die laughing | 85 Posts
Quote
Sid, if this is happening to you then YOU are NOT in CONTROL. YOU are still being CONTROLLED by the demons, gremlins, little men in your head and the guy in the mirror.

You MUST convince yourself and especially your subconscious that you are running your own business with forex trading as the vehicle.

Do whatever you have to do to "drum/drill" this into your head/mind such that whenever anyone asks you about your trading, your first and automatic response is that it is a business you...

Got it! I am getting me drums out!
  • #8,746
  • Dec 30, 2009 9:40am Dec 30, 2009 9:40am
Quoting Sid
Is the consideration of fundamentals helping you in your trading decisions?
The stage I am at with Strat's method precludes utilizing fundamentals since we are only trading from 1st SR to 1st SR. In any case it would only serve as another possible confirmation factor in determining overall trend direction.

I would consider utilization of interest rates in decision making as investing rather than trading, which is longer/higher time frame than daily.

My comments were more along the lines of system thinking rather than trading Strat's method. Sorry if there was any overlap.
-m
  • #8,747
  • Dec 30, 2009 10:01am Dec 30, 2009 10:01am
Quoting Sid
Glad you find systems stuff interesting mstandifer! Applied to trading, it's currently helping me to generate more self-awareness, to make better choices and to develop a plan…
Is the consideration of fundamentals helping you in your trading decisions? I've never been clever enough for that… A long while ago I read in one of Kostolany's books...
Is the consideration of fundamentals helping you in your trading decisions?

As you know, I am useless at funny mentals and leave this to others on here who understand them far better than I - Alexandra and Nicola.

The ONLY funny mental I care about is interest rates.

On a fundamental basis, investors will put their money in the country with the highest interest rates so this "should" dictate the direction of any currency pair.

Unfortunately this, like everything else in trading, is NOT set in stone. Many times a currency pair trades AGAINST it's fundamentals which is why I rely 100% on technical analysis, specifically PASR.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,748
  • Dec 30, 2009 12:07pm Dec 30, 2009 12:07pm
Open invitation

With the New Year and the thread 1 year anniversary fast approaching plus other new developments, now would seem a good time for all members past and present, to air their views, good and bad, of the thread.

I am not interested in thanks/kudos and such like, only positive and constructive comments – what you like, what you don’t like, what you need, what you want, what would help etc., etc.

The floor is yours – USE IT WISELY!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,749
  • Dec 30, 2009 12:40pm Dec 30, 2009 12:40pm
The laguerre i use it to trade on 1hr eurusd

the system is simple, use it and make money and be happy , if i cannot have fund to trade i can help someone to trade ,and if i can be remembered for someones happiness i will be joyful .
target is 70pips stop loss is 70pips trail is 60pips

SYSTEM
laguerre: period 0.7
rsi : period 14

filter : rsi 14 on 4hr chart

buy
when laguerre move just above 0.15 and rsi is above 57 in 1hr chart
filter:now go to 4hr to see if ris is above 51 then buy if not dont buy never.

Sell
when laguerre is just below 0.85 and rsi is below 43
filter: now go to 4hr to see if rsi is below 49 then sell

Obey instruction u prosper if u deviate u will perish
  • #8,750
  • Dec 30, 2009 12:44pm Dec 30, 2009 12:44pm
Hello Strat

congratulations for the thread

thank you for your commitment

know any e-book on PASR?
  • #8,751
  • Edited 1:48pm Dec 30, 2009 1:47pm | Edited 1:48pm
Quoting strat
Open invitation...
I believe it would help our learning if there were an increase in postings describing trades taken, not taken, and why/why not. The why/why not being the most important factor. This will help learners see what the posters/instructors are seeing and acting upon.

I also think that trade management postings, as trades develop and continue, would be a good feature to include. I make reference to Strat's posting of his G/J trade(s) with a chart and description.
  • #8,752
  • Dec 30, 2009 3:25pm Dec 30, 2009 3:25pm
Hello everyone,
Found this thread a couple of days ago, WOW I believe this is for me, I've been reading and lurking ever since. Signed up minutes ago and want to learn to trade to Rock'n Roll instead of the Hurt'n Songs I've been doing with my Tele. Looking forward to lots of learning. This is my first anniversary of trading and have put many hours of work into it with little success. Looking forward to
working here.
  • #8,753
  • Dec 30, 2009 4:00pm Dec 30, 2009 4:00pm
Quoting trailblazer
The laguerre i use it to trade on 1hr eurusd

the system is simple, use it and make money and be happy , if i cannot have fund to trade i can help someone to trade ,and if i can be remembered for someones happiness i will be joyful...
TB
This kind of indicator driven drivel is not that welcome here old chap - if you had read from PAGE 1 you may have thought twice before making a fool of yourself. If this is supposed to be ironic humour then I'm sorry for being dim and missing it.

Strat - with regard to what we do and don't like I would say that if it ain't broken then no use trying to fix it??!! Most people seem to stay as long as they need the crutch to help them. Some have been here from the beginning, some drift in and out but most of all I would say this thread is an invaluable resource for all. I won't thank you as I know it will make you spit your single malt back into the glass with disgust on New Year's Eve. So, let's raise a glass to 2010 and our continued group development and banter....(oh, bit more of old Strat would not go a miss - you're too soft these days ;-) )
Trade less and become more profitable!
  • #8,754
  • Dec 30, 2009 4:08pm Dec 30, 2009 4:08pm
Quoting trailblazer
the laguerre i use it to trade on 1hr eurusd

the system is simple, use it and make money and be happy , if i cannot have fund to trade i can help someone to trade ,and if i can be remembered for someones happiness i will be joyful...
What the hell are you doing posting on this thread?

This is an indicator free thread

This thread is for trading the daily and above time frame.

This thread is for trading PRICE only

Now get the hell out of Dodge and go back to Indicator Land as we need you for liquidity!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,755
  • Dec 30, 2009 4:56pm Dec 30, 2009 4:56pm
Quoting strat
Open invitation...
What you like?

The group discussion regarding why trades are taken or not taken and basically the entire thread.

What you don't like? and What would help?

People find this thread at different times and therefore are at different levels. Strat you often recommend some people trade one way and others who are more knowledgeable can take more risky trades. This makes sense, but it is sometimes difficult to follow with regards to where one stands.

I am not sure how we can fix this asides from a private forum with multiple threads, ie. Beginners, Int, Advanced. I am not an IT guy so I have no idea if that would be possible, but I would be available to help out anyway I can.

My last gripe is when a chart is posted by you (strat) or senior members with a cryptic message to challenge us to interpret the chart, I wish there would be a real explanation as to the interpretation of the chart by a senior member to ensure we are on the right track. I know you try your best to respond to all of us who attempt it, but it would still help. I don't know how you could do this to avoid providing benefit to the lurkers you so despise!

Ok, now that I am done my whining, I want to say that the few problems I have are minor compared to the wealth of information I have gained from this thread.

Happy new year everyone! Bring on 2010!
  • #8,756
  • Dec 30, 2009 5:06pm Dec 30, 2009 5:06pm
the thread is excellent, i learned a lot from strat and from all of you guys for which i thank you all.

Many people said this before and i just want to remember you: because the thread is too long right now, for a beginner become very hard to follow the method especially for those which the English is not the basic language. And because we don't want to scare away the new traders it will be a good idea to make this thread (and the presentation of this method) more friendly. I think that we have to separate the discussion regarding day to day trading from the core elements of this method.

So, it will be needed to concentrate all the elements of this method (along with examples) in couple of posts (at the beginning of this thread) or to make a new site just for this purpose.
  • #8,757
  • Dec 30, 2009 5:16pm Dec 30, 2009 5:16pm
A chart for thought for the opening of 2010...
Attached Image (click to enlarge)
Click to Enlarge Name: FTSE_2010_.png Size: 94 KB
Trade less and become more profitable!
  • #8,758
  • Dec 30, 2009 8:37pm Dec 30, 2009 8:37pm
Quoting Grimweasel
A chart for thought for the opening of 2010...

Yep,

I'm watching this too - particularly like the fib confluence - all I want now is a shooting star(aka pin) and I'm in.

Attached Image (click to enlarge)
Click to Enlarge Name: FTSE.jpg Size: 113 KB
  • #8,759
  • Edited 9:08pm Dec 30, 2009 8:42pm | Edited 9:08pm
Quoting strat
Open invitation

The floor is yours – USE IT WISELY!
Quoting Lou
I believe it would help our learning if there were an increase in postings describing trades taken, not taken, and why/why not.
I agree Lou and second his request for more of the thought process behind the senior trader's trades.

Quoting pipfx
My last gripe is when a chart is posted by you (strat) or senior members with a cryptic message to challenge us to interpret the chart, I wish there would be a real explanation as to the interpretation of the chart by a senior member to ensure we are on the right track.
I agree with Pipfx's last section of post in particular and second the request that the cryptic postings of charts by the senior traders have some sort of follow up so that we may learn from them rather that possibly form an incorrect conclusion. I believe these posts to be some of the more beneficial learning aids...the real life examples.

Also, I find the occasional high level technical discussions from Blackeagle, Alexandra and Nicola beneficial because I believe it helps to be stretched mentally. I also believe it helps to know some of what goes on behind the curtain and their posts certainly do that. More please.

-m
  • #8,760
  • Dec 30, 2009 9:19pm Dec 30, 2009 9:19pm
Still liking the EUR play through EURJPY, I am now looking quite hard at EURUSD for a resumption. A free cup of egg nog to the trader who can tell me why. Hint - the answer may not lie in the EURUSD chart.
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