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  • #10,721
  • Mar 17, 2010 10:28pm Mar 17, 2010 10:28pm
USDJPY is interesting. Hardly a zealous bump off of the long term TL; hardly an agressive statement either. When that pair sleeps a while, be prepared.

Of course, some would say it has overslept already - USDJPY close 12/08 90.86; USDJPY current 90.20. Let's hear it for the JPY bulls!
  • #10,722
  • Mar 17, 2010 10:33pm Mar 17, 2010 10:33pm
Quoting Rubens PP
Hey to everyone,

First post ever on FF. Though I have been reading FF threads for some time Strat's tutorials and way of teaching, both technique and psychology really fascinate me, so as to post.
Been in FX for two years and my biggest disappointment besides loss is absence of a solid and reliable technique. As many people in here, I gather, myself included started trading M5, M15 then moved up to H1 and H3.
I have lost money, which is ok in a way bec I understand it's part of the learning process BUT.. what really irritates me is that...
what really irritates me is that all "systems" I have tried so far last for a good month at best. First week of the next month all profit is gone and all systems fail.

Unfortunately most canned systems are optimized up the ying yang which means they are only really good for a certain set of conditions. The markets are dynamic, changing and ever responding to supply and demand conditions. Change those conditions and your system is no better than a crack in a glass eye!

The only systems which stand the test of time are those based on PASR.

PASR responds to supply and demand in all and any market conditions
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,723
  • Mar 17, 2010 10:36pm Mar 17, 2010 10:36pm
Hmmmmm...moment of truth. Economic prosperity? inflation? Flag? Fifth Wave?
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  • #10,724
  • Mar 17, 2010 10:45pm Mar 17, 2010 10:45pm
Quoting Alexandra
Hmmmmm...moment of truth. Economic prosperity? inflation?
You must be reading my mind!

It took 12 days last time to get to 0.93 and we're on 30 days now and she hasn't made it there yet. She is looking like one tired old lady!
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,725
  • Mar 17, 2010 10:50pm Mar 17, 2010 10:50pm
Hmmmmm
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  • #10,726
  • Mar 17, 2010 10:50pm Mar 17, 2010 10:50pm
Quoting Alexandra
USDJPY is interesting. Hardly a zealous bump off of the long term TL; hardly an agressive statement either. When that pair sleeps a while, be prepared.

Of course, some would say it has overslept already - USDJPY close 12/08 90.86; USDJPY current 90.20. Let's hear it for the JPY bulls!
Everything I look at on the Futures say this pair should be moving - either this is the calm before the storm or she has taken an overdose of sleeping pills!
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,727
  • Mar 17, 2010 10:54pm Mar 17, 2010 10:54pm
Quoting Alexandra
Next......
3/5/10 followup

How does one reconcile USDCHF with this?
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  • #10,728
  • Mar 17, 2010 10:59pm Mar 17, 2010 10:59pm
Quoting strat
Everything I look at on the Futures say this pair should be moving - either this is the calm before the storm or she has taken an overdose of sleeping pills!

Perhaps the USDJPY bears are hibernating.
  • #10,729
  • Mar 17, 2010 11:02pm Mar 17, 2010 11:02pm
God knows I have been waiting for something to happen. Alex I don't know who the market leader is this round, like per your previous dissertations we watched the usdchf carefully. But gold has given a bit of a hint perhaps? It has smartly bounced off it's new uptrend line in my humble opinion. The fundamental basis of which I am yet to figure out.
  • #10,730
  • Mar 17, 2010 11:03pm Mar 17, 2010 11:03pm
Quoting Jideck
Hi Strathttp://cdn.forexfactory.com/images/icons/icon7.gif

Interesting stuff, how does this mechanical system work, is this some kind of EA or a program that one needs to write? How does this compare with PASR? Could something like that be written around PASR?

Might be silly questions but As being no expert in this it is good to know how something like that operates.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
Interesting stuff, how does this mechanical system work, is this some kind of EA or a program that one needs to write? How does this compare with PASR? Could something like that be written around PASR?

Might be silly questions but As being no expert in this it is good to know how something like that operates.

EA? You must be joking! Why would you hand over 100% control to a computer program which is fixed and programmed to a certain set of conditions?

We must always have and be in control of all our trading decisions.

My systems are all based and written around PASR.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,731
  • Mar 17, 2010 11:18pm Mar 17, 2010 11:18pm
Here is the gold chart
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  • #10,732
  • Mar 17, 2010 11:24pm Mar 17, 2010 11:24pm
Quoting Alexandra
3/5/10 followup

How does one reconcile USDCHF with this?
It's all in the charts my dear! It's there somewhere - just haven't found it yet.
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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,733
  • Mar 18, 2010 12:52am Mar 18, 2010 12:52am
Hi, gang. I've recently discovered this thread, too, and I know daily trading is what I've been looking for (for 5, 6, 7???) years and have learned the foolishness of trying to daytrade with very little experience, and the pitfall of the $97 Expert Advisors (the ones that work aren't for sale), but my first question here is: Which Currencies to watch? I've heard some say don't trade the exotics but I see reference to pairs I would never even look at. I read you don't give a lot of credence (did I spell that right?) to Volume for trading decisions since the only volume you see is what YOUR broker is trading, but it could indicate liquidity. Please list which currencies you (all) watch and which to avoid, and what the h*ll is a BEEB???? I get BUOB, BUllish Outside Bar but BEEB (and the others)? (obviously I haven't read EVERY page yet). Hey, Strat! Thanks for starting this (yet for a newbie, I get a little frustrated starting from page 1 and reading discussions about topics, and acronyms I don't understand because others have previous knowledge I won't learn until page (25? 37? 428??)). Still, my goal is to trade into my lifestyle, that of a Born-Again Musician, in the Church of Rock 'n' Roll! That is, being "a-hem" over 40 I've taken up the Bass Guitar and having a blast (when the arthritis doesn't interfere too much) but I don't want to be a 24 hour a day trader. I'M A MUSICIAN! So I REALLY want to learn this once-a-day trading that will rid me of my day job. Yet, for me, I would prefer if it took much less than 10 years to at least replace my job income. (No, I rarely ever risk more than 1% of my account).

Eric
  • #10,734
  • Mar 18, 2010 1:27am Mar 18, 2010 1:27am
EURUSD Here we are again

PRICE banged its head against the blue line on Jan 11 through 14 and then fell 1050 pips or so.

So here we are back at the blue line again. If history repeats itself, then 1.2800 is looming ever closer, which, oddly enough, coincides with the Boss chart above.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,735
  • Mar 18, 2010 1:44am Mar 18, 2010 1:44am
GBPUSD

PRICE is approaching the critical 78.6% retrace in confluence with SR but we are making HH and HL but there is that blue line above.

Maybe its going after a retrace of the bigger impulse wave which would mean a move back up to 1.58ish. Who knows?

Whatever it does, it will leave footprints for us to follow.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,736
  • Mar 18, 2010 1:58am Mar 18, 2010 1:58am
Quoting ericjschroed
Hi, gang. I've recently discovered this thread, too, and I know daily trading is what I've been looking for (for 5, 6, 7???) years and have learned the foolishness of trying to daytrade with very little experience, and the pitfall of the $97 Expert Advisors (the ones that work aren't for sale), but my first question here is: Which Currencies to watch? I've heard some say don't trade the exotics but I see reference to pairs I would never even look at. I read you don't give a lot of credence (did I spell that right?) to Volume for trading decisions...
Which Currencies to watch?

Those which are approaching SR

but it could indicate liquidity.

It could also indicate the end of your trading account.

BEEB is British slang for the BBC

Suggest you go to Post #1 on Page 1 and start there - pay particular attention to where it says there are NO SHORTCUTS to learning to trade.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,737
  • Mar 18, 2010 2:51am Mar 18, 2010 2:51am
Hi all. Just checking in, have read and analysed the thread once, made questions for things I didn't understand and all questions but one have been answered (well pretty much, some things you just have to let go I think). I am now re-reading the thread but still unable to get actively involved as still can't post from home PC/Mac.

Trend Lines - Strat in earlier posts they are from closes, in newer posts from highs/lows. Is there any hard rule here? Sure if I use both sometimes one looks better than the other but its hard to know which matters most over time and if I have both on my charts I get distracted. For the record, I'm using the close on the daily, prefer consecutive higher highs/lower lows to draw from and use static SR and PA as main signals watching the trendlines for clues.

Now you'll probably tell me to not use any then!


What I have got is experience drawing SR lines as I redid them multiple times as I read through the thread. Also, I can look back over charts and identify PA at these levels though I do get mislead a lot. F12ing a chart is part of my study routine also. Now it is to see those opportunities in real time, but the ones I have seen DID stand out, so this makes sense to me also.

Thanks always for this great thread to Strat and all positive contributors,

FE
  • #10,738
  • Mar 18, 2010 2:52am Mar 18, 2010 2:52am
Do we need to say anything?
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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,739
  • Mar 18, 2010 2:55am Mar 18, 2010 2:55am
Quoting forexample
Hi all. Just checking in, have read and analysed the thread once, made questions for things I didn't understand and all questions but one have been answered (well pretty much, some things you just have to let go I think). I am now re-reading the thread but still unable to get actively involved as still can't post from home PC/Mac.

Trend Lines - Strat in earlier posts they are from closes, in newer posts from highs/lows. Is there any hard rule here? Sure if I use both sometimes one looks better than the other but its hard to know which matters most...
At where you are in your trading, use extremes for drawing TLs
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,740
  • Mar 18, 2010 3:11am Mar 18, 2010 3:11am
Hello Strat and team,

I am currently at page 140 and my guess so far is that it's going to be quite a ride..

Since I saw that The Path of Learning is open to all who want to learn I was wondering if I could enroll even if I haven't finished reading the whole thread.

One other thing, I don't seem to have the PM option active.. So, if the answer to the above is yes, is there another way I could contact Naws?

Thank you for everything.
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