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  • #9,341
  • Jan 19, 2010 11:54pm Jan 19, 2010 11:54pm
Quoting strat
Anyone going to the World Cup later this year?

That was the plan for my son and I until a certain anniversary got in the way!

Maybe Soso will be going?
Nah, too far away and not as spectacular as CL games . Even if I wanted to go I couldn't, this year I am "trapped" home by my newborn twins.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #9,342
  • Jan 20, 2010 12:45am Jan 20, 2010 12:45am
[quote=LarryK;

PS Anyone going to the World Cup later this year?[/QUOTE]

Yes........ Live via satellite!

Ah well back to reading the thread and learning.

N
  • #9,343
  • Edited 9:14am Jan 20, 2010 6:49am | Edited 9:14am
Sorry guys, I'm trying to attach a chart, but I'm a technical moron at times!


Quoting Razorjack

USD
Boss Fundamentals (Outlook few weeks ahead): US economic recovery has been slow, but starting to pick up steam, be careful about shorting the USD. I'm shorting AUDUSD down to at least 0.87, possibly even lower and going long USDCAD up to 1.0850 or higher. I am also long on USDJPY.
IS everyone watching USDCAD and AUDUSD? Their both moving pretty well.

Fundamentals do seem to have their advantages at times when you can anticipate these swings before they happen!

Just goes to show that anybody can get lucky ranting about fundamentals!

By the way, if Strat thinks that this post is inappropriate than I'll delete it. The purpose of this is not to brag but show that markets movements can be anticipated and traded for huge profits.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_20100120.gif Size: 23 KB
Attached Image (click to enlarge)
Click to Enlarge Name: audusd_20100120.gif Size: 22 KB
-Razorjack
  • #9,344
  • Jan 20, 2010 7:18am Jan 20, 2010 7:18am
erase quickly that volume from the chart before to be seen by Strat

i watch a long for usdcad but i prefer to wait for a confirmation in the next couple of days.
  • #9,345
  • Jan 20, 2010 7:43am Jan 20, 2010 7:43am
Quoting maxu08
erase quickly that volume from the chart before to be seen by Strat

i watch a long for usdcad but i prefer to wait for a confirmation in the next couple of days.
LOL!

With what Strat is teaching in this thread, you should aim for the "meat" of the trend based on PASR and you will get your opportunity soon enough.

I have my own way of trading and don't recommend it to anyone, so as Strat would say "Do what I say, not what I do!"
-Razorjack
  • #9,346
  • Jan 20, 2010 7:50am Jan 20, 2010 7:50am
Quoting golfer27
Strat
the only way i can get a close approximation to that line , is to make it linear weighted?
i don't remember that type being discussed on the thread, unless its down to feeds?

Cheers
It's what I use when I am trend trading. I put it on the charts occasionally to see how PRICE is reacting to it.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,347
  • Jan 20, 2010 8:41am Jan 20, 2010 8:41am
Quoting Razorjack
Anyone else long on USDCAD? It's moving pretty well.
I'm LONG too. My Buy order was activated this morning.
I've set a BUY order above the BUEB from yesterday with a SL under the low from 14 Jan.

This trade is against the major trend and I know that I'm inside the Monthly Hammer. My plan now is to watch for reverse PA as the price will move towards the resistance at 1.071.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_bueb.png Size: 27 KB
  • #9,348
  • Edited 9:05am Jan 20, 2010 8:56am | Edited 9:05am
Quoting hcristea
I'm LONG too. My Buy order was activated this morning.
I've set a BUY order above the BUEB from yesterday with a SL under the low from 14 Jan.

This trade is against the major trend and I know that I'm inside the Monthly Hammer. My plan now is to watch for reverse PA as the price will move towards the resistance at 1.071.
I'm LONG too. My Buy order was activated this morning.
I've set a BUY order above the BUEB from yesterday with a SL under the low from 14 Jan.

A 150+ SL.Is this in accordance with your MM?

Just 1 lot or ?

This trade is against the major trend and I know that I'm inside the Monthly Hammer.

Yes, correct and good observation

My plan now is to watch for reverse PA as the price will move towards the resistance at 1.071.

Watch out for psycho 1.06 – there is Worker SR there causing a lot of noise and mish mash.

Not basic PASR as it is against the trend but you “seem” like you know what you are doing.

Keep us posted on your progress
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,349
  • Jan 20, 2010 9:19am Jan 20, 2010 9:19am
Quoting Razorjack
.....
IS everyone watching USDCAD and AUDUSD? Their both moving pretty well.
....
I'm long. I wanted to enter by a break of the double inside bar. Something went wrong. The result was my order triggered at 1.0302, so that was inside the inside bars.....
I moved my stop loss to break-even. Now I will wait....

FP
Posting Demo charts, mirroring some of them live.
  • #9,350
  • Jan 20, 2010 10:40am Jan 20, 2010 10:40am
Quoting forexpiet
I'm long. I wanted to enter by a break of the double inside bar. Something went wrong. The result was my order triggered at 1.0302, so that was inside the inside bars.....
I moved my stop loss to break-even. Now I will wait....

FP
Hmm, not so sure this is a good way to go with people telling the thread they are long/short etc. It starts to degenerate into a pi$$ing contest with one's ego and others on the thread. It can also make people feel they are missing out etc and can be counter productive to good teaching and also learning for new students.

I'll leave this to Strat to decide, but so far this thread had survived a year now without this sort of stuff. I would be happier if people just posted setups etc or even POST TRADE analysis - but not live stuff.

But it's up to all to decide - if I'm wide of the mark I'll go back to lurking
Trade less and become more profitable!
  • #9,351
  • Jan 20, 2010 10:50am Jan 20, 2010 10:50am
My order (demo) above the BUOB on UJ has been triggered at 91.31. Stop is beneath the pin and weekly support at 90.21. First target to watch at 91.90ish.
By the break of the BUOB I considered a HL to be confirmed on the worker. On the BOSS the current move is down. So I will watch carefully.

FP
Posting Demo charts, mirroring some of them live.
  • #9,352
  • Jan 20, 2010 10:55am Jan 20, 2010 10:55am
Quoting Grimweasel
Hmm, not so sure this is a good way to go with people telling the thread they are long/short etc. It starts to degenerate into a pi$$ing contest with one's ego and others on the thread. It can also make people feel they are missing out etc and can be counter productive to good teaching and also learning for new students.

I'll leave this to Strat to decide, but so far this thread had survived a year now without this sort of stuff. I would be happier if people just posted setups etc or even POST TRADE analysis - but not live stuff.

But it's up to...
EXACTLY Danny boy!

It all started with Razorjack asking the question (which we don't do here)

I was waiting to see who took the bait (knowing this tells me more about their psyche and ego).
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,353
  • Jan 20, 2010 10:58am Jan 20, 2010 10:58am
Quoting Grimweasel
Hmm, not so sure this is a good way to go with people telling the thread they are long/short etc. It starts to degenerate into a pi$$ing contest with one's ego and others on the thread. It can also make people feel they are missing out etc and can be counter productive to good teaching and also learning for new students.

I'll leave this to Strat to decide, but so far this thread had survived a year now without this sort of stuff. I would be happier if people just posted setups etc or even POST TRADE analysis - but not live stuff.

But it's up to...
I agree. All these posts are really testing my trading gremlins.
  • #9,354
  • Jan 20, 2010 11:02am Jan 20, 2010 11:02am
Quoting Grimweasel
Hmm, not so sure this is a good way to go with people telling the thread they are long/short etc. It starts to degenerate into a pi$$ing contest with one's ego and others on the thread. It can also make people feel they are missing out etc and can be counter productive to good teaching and also learning for new students.

I'll leave this to Strat to decide, but so far this thread had survived a year now without this sort of stuff. I would be happier if people just posted setups etc or even POST TRADE analysis - but not live stuff.

But it's up to...
Hi Grimweasel,

I am a new student and am not posting trades for any ego-stuff. It could also harm my ego. So in upfront I do not know. I can only check whether or not I understood what I read by posting trades. These are the outcomes of my reasoning.
By the way, it can also make feel people happy because they did not take a trade....because of their good reasons. Posting afterwards could lead to posting good trades. Now that would be for ego I think.

FP
Posting Demo charts, mirroring some of them live.
  • #9,355
  • Jan 20, 2010 11:03am Jan 20, 2010 11:03am
Quoting pipfx
I agree. All these posts are really testing my trading gremlins.
OK. So, do what you have to do and then ask any questions on here AFTER the event whether it works or it doesn't.

ALL:

Remember, this is a teaching how to trade thread NOT a trading journal thread.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,356
  • Edited 11:23am Jan 20, 2010 11:20am | Edited 11:23am
Quoting strat
EXACTLY Danny boy!

It all started with Razorjack asking the question (which we don't do here)

I was waiting to see who took the bait (knowing this tells me more about their psyche and ego).
Hello Strat,

So what does it tell you? And from what do do you conclude?
Read the quote above. What is the conclusion? We don't ask questions here? Of course not, but that is what it says.

Honestly I am just trying to put in practice what I have learned from reading. I am not in a contest. With whom should I be in a contest? Probably with myself alone. When posting trades is not all right then so be it.
Now you know a lot of my psyche and ego am I welcome to post?

FP

Edit: just read you answer to everyone. I'll act like you ask too.
Posting Demo charts, mirroring some of them live.
  • #9,357
  • Jan 20, 2010 11:33am Jan 20, 2010 11:33am
Quoting strat
EXACTLY Danny boy!

It all started with Razorjack asking the question (which we don't do here)

I was waiting to see who took the bait (knowing this tells me more about their psyche and ego).
Man, I just keep stepping in it here.

My goal was to see if traders were paying attention to what was happening after all the discussion regarding fundamentals but also to show that it's possible to anticipate market movements.

But yes, point taken, won't happen again.

Just as a suggestion, maybe someone could start another thread where people can post their live trades. I can see the sh*t storm coming!

Just hear me out, the idea is not to have a pissing contest, but to allow people to learn while the markets are moving and the trades are developing.

If people don't agree then just ignore it, I'm just thinking out loud.
-Razorjack
  • #9,358
  • Jan 20, 2010 11:34am Jan 20, 2010 11:34am
Quoting forexpiet
Hello Strat,

So what does it tell you? And from what do do you conclude?
Read the quote above. What is the conclusion? We don't ask questions here? Of course not, but that is what it says.

Honestly I am just trying to put in practice what I have learned from reading. I am not in a contest. With whom should I be in a contest? Probably with myself alone. When posting trades is not all right then so be it.
Now you know a lot of my psyche and ego am I welcome to post?

FP

Edit: just read you answer to everyone. I'll act like you ask too.
Don't get your knickers in a twist - just carry on as before (before the Razorjack question)
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,359
  • Jan 20, 2010 11:50am Jan 20, 2010 11:50am
Quoting Razorjack
Man, I just keep stepping in it here.

My goal was to see if traders were paying attention to what was happening after all the discussion regarding fundamentals but also to show that it's possible to anticipate market movements.

But yes, point taken, won't happen again.

Just as a suggestion, maybe someone could start another thread where people can post their live trades. I can see the sh*t storm coming!

Just hear me out, the idea is not to have a pissing contest, but to allow people to learn while the markets are moving and the trades are...
Man, I just keep stepping in it here.

I think you have probably stood in it all now and since we can’t smell on Forums, not to worry, no damage done!

Just as a suggestion, maybe someone could start another thread where people can post their live trades.

Wait for the new developments
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,360
  • Jan 20, 2010 12:13pm Jan 20, 2010 12:13pm
Impatient, no. Adventurous, maybe... sometimes... not very often. Not now anyway.

I was watching this pair and last night I saw the chart and there was the PA at support and it felt right. I've set the order and closed the laptop.
I wasn't sure whether to answer to Razorjack's question (I have witnesses ) or not because it could be interpreted as bragging and childish especially after the price broke up. I did it because I was talking about the pair earlier on the thread.

Since i'm a student on the path, i'm going to keep you posted about the progress and be a live example. I'm not afraid to take a loss in public or take decisions when all eyes are on me.
I could post my next steps here on the thread. Is this ok with you?

Quoting strat
I'm LONG too. My Buy order was activated this morning.
I've set a BUY order above the BUEB from yesterday with a SL under the low from 14 Jan.

A 150+ SL.Is this in accordance with your MM?

Just 1 lot or ?

Yes, it is in accordance with my MM. I'm using Oanda for placing orders. There i dont trade lots but i trade units instead. This allows one with a small account to risk exactly 2% (for example) of the account per trade and the SL distance could vary from 20 pips to 800 pips. Or practice with real money and risk almost 0.

Since this trade is counter-trend I've reduced my risk to 1% from the account.
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