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  • #11,001
  • Mar 26, 2010 9:49am Mar 26, 2010 9:49am
Hello Cristea!Hopping that I don't offend Strat I will give a try.First of all I know that I could be wrong,but I'm here to learn and to take my lesson.As you said first order after hammer.next candle bullish(his tail goes upper than the highest point of previous LH-i'm not so sure about this-)but closed as a weak doji,but a confirmation of hammer.notice that the hammer and next one are 2 IBs of the last bearish candle.next candle bullish and closed above the last swing(maybe the real confirmation of a new bullish swing)and the 2 order.next candle weak attempt of seller to pull back the price,next candle doji and IB with the 3 order.thank you.
My humble opinion.
  • #11,002
  • Mar 26, 2010 10:13am Mar 26, 2010 10:13am
Quoting strat
To use my farm lingo, the last large Greek currency downmove took 4 downward picks of the hoe.......this one is on....er.....1...2....3....hmmmm. Month-end perhaps may be a time to water the seedlings! Perhaps I can get a farm subsidy from Dr. Papoulias.

Down on the farm!

Speaking of hoes and other farmyard tools, how about this one - and don't forget to wear yer wellies!
After reading this I was actually happy with myself because I entered after the hammer on March 17.


BUT...

This seems like an odd post though because you never usually post your live trades. I think you have made me paranoid! LOL
  • #11,003
  • Mar 26, 2010 10:53am Mar 26, 2010 10:53am
BUT...

This seems like an odd post though because you never usually post your live trades. I think you have made me paranoid! LOL[/quote]

I agree Pipfx,

I don't know what is a test or truth! I am trying hard not to position myself against the trend as was discussed earlier. Meanwhile I'll keep studying the barnyard riddles!


Poncho.
" I can read the left side of the chart, the right side's a Bitch!
  • #11,004
  • Mar 26, 2010 11:10am Mar 26, 2010 11:10am
Pesonally I don't think is a test.The chart is there with a reason.This kind of charts made us to see that things happens,and we have to ask WY,WHEN,etc.I think that Strat put this chart as homework for students like us and as long as we are still studyng PASR;personally I don't think,that Strat wouldn't had given us advanced PASR homework.It is just my humble opinion.
My humble opinion.
  • #11,005
  • Mar 26, 2010 12:29pm Mar 26, 2010 12:29pm
Quoting igmal
notice that the hammer and next one are 2 IBs of the last bearish candle.next candle bullish and closed above the last swing(maybe the real confirmation of a new bullish swing)and the 2 order.next candle weak attempt of seller to pull back the price,next candle doji and IB with the 3 order.thank you.
Thanks igmal but I still dont know why the last two buy orders are there at those levels.
  • #11,006
  • Mar 26, 2010 1:32pm Mar 26, 2010 1:32pm
Quoting strat
To use my farm lingo, the last large Greek currency downmove took 4 downward picks of the hoe.......this one is on....er.....1...2....3....hmmmm. Month-end perhaps may be a time to water the seedlings! Perhaps I can get a farm subsidy from Dr. Papoulias.

Down on the farm!

Speaking of hoes and other farmyard tools, how about this one - and don't forget to wear yer wellies!
Pretent I am Strat now don't try it at home. First buy order hammer off support and stop loss the hammer of Mar-02 (another Strat pip in pocket nice). Next day price shot up and closed near entry but that's ok I already excepted the risk fight on. Next day price closed above yesterday close(price had a chance to take out my first order but it did not ha, I am going in with another 1/3 of total position I am intended for this trade) so second order buy entry after the close of Mar 19 candle and SL is same place as the first. A few days doji (price had a chance to take out my 1st and 2nd orders but it did not ha, I am going in with the rest of position if price breaks Mar-18 candle) so third buy limit order above Mar-18 candle and SL is same as 1st order.
  • #11,007
  • Mar 26, 2010 2:11pm Mar 26, 2010 2:11pm
Quoting patrick25
so second order buy entry after the close of Mar 19 candle and SL is same place as the first. A few days doji (price had a chance to take out my 1st and 2nd orders but it did not ha, I am going in with the rest of position if price breaks Mar-18 candle) so third buy limit order above Mar-18 candle and SL is same as 1st order.
Why 2nd is after the close and 3rd is above the high? Why not both on close or both above the high?
  • #11,008
  • Mar 26, 2010 2:17pm Mar 26, 2010 2:17pm
Just a re-test?

OR is the Big Boss trying to tell us something?

What happens at 1.2800 will probably be the giveaway.
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  • #11,009
  • Mar 26, 2010 4:33pm Mar 26, 2010 4:33pm
Good evening!This boss made an important movement.It will be fun to watch PA on this pair to see if it wants to make something.The worker has just begun to obey.
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My humble opinion.
  • #11,010
  • Mar 26, 2010 5:06pm Mar 26, 2010 5:06pm
wow does the 20 and 50 help! iv been silently working on this method and running into a good few snags along the way, i plug in those ma's and bam, answers to some of my not so well placed S/R along with its own very significant S/R.

i saw a recent post to be ware of trading within the ma's but i noticed when i was running back through the aud/usd worker chart that the 50 ma acts as amazing support, but this means taking trades within the ma's. am i missing something or perhaps i didnt understand these earlier posts?
  • #11,011
  • Mar 26, 2010 5:34pm Mar 26, 2010 5:34pm
Quoting igmal
Good evening!This boss made an important movement.It will be fun to watch PA on this pair to see if it wants to make something.The worker has just begun to obey.

Big boss...boss...worker (to coin the jargon)

I don't want to mislead anyone. If I take a tade that seems counter trend, it is beacuse I see something on the longer term charts.
  • #11,012
  • Mar 26, 2010 6:00pm Mar 26, 2010 6:00pm
Quoting patrick25
Pretent I am Strat now don't try it at home. First buy order hammer off support and stop loss the hammer of Mar-02 (another Strat pip in pocket nice)....
Seems logical. Quite a few very experienced traders scale in their positions as well as scaling out
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #11,013
  • Mar 26, 2010 6:50pm Mar 26, 2010 6:50pm
Quoting hcristea
Why 2nd is after the close and 3rd is above the high? Why not both on close or both above the high?
igmal and hcristea,

It looks like an entry with three positions with the intention of scaling out of the trade as it moves into profit.

I think he was buying multiple positions after the March 17 hammer off support and fib 50 at 1.0506.

He was going long with stop orders above the market and was being filled as the momentum of price was going in his direction.

The signal bar was the hammer and nothing after that was used. All the orders were filled during the trading day on March 18.

Strat has mentioned the strategy of entering the market with multiple positions on post: http://www.forexfactory.com/showpost...ostcount=10857 As he explained, you can take profit at some predetermined level with one position and move the stop up, and with the other you will have a "free trade."

Anyway, that is the way I am seeing it. (But might be wrong )
  • #11,014
  • Mar 26, 2010 7:57pm Mar 26, 2010 7:57pm
hello Dr Strat and Partners,

I would welcome opinions as to how/if to trade this.

My reasoning for a short entry is as follows:

1) This looks to me like a good Dr Joe short entry, getting on the train after a retracement.

2) All the MAs for Boss and Slave are heading south

3) There is no prior SR or congestion on my platform indicating support. Clear air

4) The 20 MA should provide resistance

Please advise.

Is this a viable short trade? If not, why not?

If the answer is yes, how should entry be made?
Attached Image (click to enlarge)
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"Make everything as simple as possible, but not simpler" Albert Einstein
  • #11,015
  • Mar 26, 2010 8:08pm Mar 26, 2010 8:08pm
Quoting No1Optimist
hello Dr Strat and Partners,

I would welcome opinions as to how/if to trade this.

My reasoning for a short entry is as follows:

1) This looks to me like a good Dr Joe short entry, getting on the train after a retracement.

2) All the MAs for Boss and Slave are heading south

3) There is no prior SR or congestion on my platform indicating support. Clear air

4) The 20 MA should provide resistance

Please advise.

Is this a viable short trade? If not, why not?

If the answer is yes, how should entry be made?
You really want to step in front of that daily bar?

That is "hope," not PA.
  • #11,016
  • Mar 26, 2010 8:27pm Mar 26, 2010 8:27pm
You have no basis for a short/long position. Our safe trades are confirmed boss retracement worker reversals. Dont even short on the demo, bad karma .
No need for me to even "wander" about this one....

Quoting No1Optimist
hello Dr Strat and Partners,

I would welcome opinions as to how/if to trade this.

My reasoning for a short entry is as follows:

1) This looks to me like a good Dr Joe short entry, getting on the train after a retracement.

2) All the MAs for Boss and Slave are heading south

3) There is no prior SR or congestion on my platform indicating support. Clear air

4) The 20 MA should provide resistance

Please advise.

Is this a viable short trade? If not, why not?

If the answer is yes, how should entry be made?
Attached Image (click to enlarge)
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Annoying Precision
  • #11,017
  • Mar 26, 2010 9:31pm Mar 26, 2010 9:31pm
Quoting hcristea
Hello Strat,
I couldn't help but notice your 3 orders and I also couldn't help but ask about them
The first one is clear to me and I see it like this: Buy Limit above the high of the hammer and SL few pips under Support at 1.05. But the other two are a mystery. Probably is beyond basic PASR.
Why you put your buy orders there?

Thank you.
I screwed up - I didn't realise I had posted my trading chart instead of my teaching charts - it was late. Ignore my trades.
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,018
  • Mar 26, 2010 9:41pm Mar 26, 2010 9:41pm
Reply to No1Optimist:


hello Dr Strat and Partners,

I would welcome opinions as to how/if to trade this.

My reasoning for a short entry is as follows:

1) This looks to me like a good Dr Joe short entry, getting on the train after a retracement.

Why do you think this is the end of the "retracement?"

2) All the MAs for Boss and Slave are heading south

Slave? Slave to the markets? Worker, I assume you mean. Also, price is now 750 pips below the boss 20. A lot of room for price to move up and both MA's will still be heading south, even then.

3) There is no prior SR or congestion on my platform indicating support. Clear air

None here to indicate resistance either.

4) The 20 MA should provide resistance

Should? Why should it? It might or it might not. We have to see PA before we can even consider an entry.

Please advise.

My pleasure. Thanks for asking.

Is this a viable short trade? If not, why not?

If the answer is yes, how should entry be made?

I suggest that you wait for proper PASR setup.
  • #11,019
  • Mar 26, 2010 9:41pm Mar 26, 2010 9:41pm
Quoting perfectgrim
wow does the 20 and 50 help! iv been silently working on this method and running into a good few snags along the way, i plug in those ma's and bam, answers to some of my not so well placed S/R along with its own very significant S/R.

i saw a recent post to beware of trading within the ma's but i noticed when i was running back through the aud/usd worker chart that the 50 ma acts as amazing support, but this means taking trades within the ma's. am i missing something or perhaps i didnt understand these earlier posts?
We do not trade cross overs of MAs in any way shape or form BUT we use them for everything else. They are very powerful when they are understood, particularly their relation to PRICE.
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,020
  • Mar 26, 2010 9:54pm Mar 26, 2010 9:54pm
Quoting No1Optimist
hello Dr Strat and Partners,

I would welcome opinions as to how/if to trade this.

My reasoning for a short entry is as follows:

1) This looks to me like a good Dr Joe short entry, getting on the train after a retracement.

2) All the MAs for Boss and Slave are heading south

3) There is no prior SR or congestion on my platform indicating support. Clear air

4) The 20 MA should provide resistance

Please advise.

Is this a viable short trade? If not, why not?

If the answer is yes, how should entry be made?
You have received several correct and informative replies to your very naive question.

The very fact that you asked such a stupid question identifies you as a lurker who has just jumped in on the most recent page of this thread.

Do yourself a favour and go to Post #1 on Page 1 and read and UNDERSTAND. This is The Path of Learning.

Continue reading and UNDERSTANDING each post until you get back here at which time you will realise what a dumb question you asked.
15 YEARS OF PASR ON FOREX FACTORY!
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