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  • #11,101
  • Mar 30, 2010 8:00am Mar 30, 2010 8:00am
Quoting Lou
HI Strat,

So here I am fighting the little men.. why.. because I am on vacation and can watch the market...
Difficult to say without seeing your chart and entry but without a doubt, do NOT add until you have PROFITS locked in. Then, do not add with a risk equal to or greater than your PROFITS.

All this assuming you have the swings and SR correctly identified.

Hope this helps
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,102
  • Mar 30, 2010 8:37am Mar 30, 2010 8:37am
I have been reviewing your thread and have learned quite a bit. I placed my first order on the pound yen pair. Last night I placed an entry order after the pull back from the day. After two bullish candles on the daily and a bullish retrace on the big boss weekly I was confident in the third soldier for today. Proud to say a solid trade for today. I know there will be losses but this is a good indication of understanding, patience and listening to the charts.

Thank you so much for your dedication to helping others.

I hope to contribute as I continue to learn.

Steve
  • #11,103
  • Mar 30, 2010 8:52am Mar 30, 2010 8:52am
Quoting strat
Difficult to say without seeing your chart and entry but without a doubt, do NOT add until you have PROFITS locked in. Then, do not add with a risk equal to or greater than your PROFITS.

All this assuming you have the swings and SR correctly identified.

Hope this helps
Here is my chart. So to follow up, adding on .. what PA to look for? Just continuation of daily bearish bars with small shadow or look for something else? X will be an interesting spot if price reaches it.
Attached Image (click to enlarge)
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  • #11,104
  • Mar 30, 2010 9:11am Mar 30, 2010 9:11am
Quoting Lou
Here is my chart. So to follow up, adding on .. what PA to look for? Just continuation of daily bearish bars with small shadow or look for something else? X will be an interesting spot if price reaches it.
Chart won't open up for me but add on with break of support/swing or PA bar
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,105
  • Mar 30, 2010 9:31am Mar 30, 2010 9:31am
Quoting strat
Chart won't open up for me but add on with break of support/swing or PA bar
Arriving at one now. Interestingly also a large round number.
Attached Image (click to enlarge)
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  • #11,106
  • Mar 30, 2010 11:48pm Mar 30, 2010 11:48pm
WAKEUP GANG!!!!!!!
Attached Image (click to enlarge)
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Annoying Precision
  • #11,107
  • Mar 30, 2010 11:58pm Mar 30, 2010 11:58pm
Quoting sblank
I have been reviewing your thread and have learned quite a bit. I placed my first order on the pound yen pair. Last night I placed an entry order after the pull back from the day. After two bullish candles on the daily and a bullish retrace on the big boss weekly I was confident in the third soldier for today. Proud to say a solid trade for today. I know there will be losses but this is a good indication of understanding, patience and listening to the charts.

Thank you so much for your dedication to helping others.

I hope to contribute as...
Welcome to the thread Steve!

Judging by the order you told us you placed though i am not sure you are truly understanding correctly right now; as i do not see any (STRESS FREE) PASR to trigger a long on GJ at this time.

Your post actually reminds me a lot of one of my first posts on this thread where i saw a couple bullish candles at a price level i thought was significant and started placing orders.

Keep reading and understanding, there are literally thousands of great posts in this thread to get you on track.
  • #11,108
  • Mar 30, 2010 11:59pm Mar 30, 2010 11:59pm
What are you opinions on for this pair? I'm retaining my bullish sentiment but price has been WEAK, wanderin whats holding it back.
Attached Image (click to enlarge)
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Annoying Precision
  • #11,109
  • Mar 31, 2010 12:04am Mar 31, 2010 12:04am
WELCOME!

The best way for you learn is study study study but also to be an active participant in the thread by posting your charts and opinions. Doing so will enhance your learning and you will be a contributer as well!

Good Luck!

Quoting sblank
I have been reviewing your thread and have learned quite a bit. I placed my first order on the pound yen pair. Last night I placed an entry order after the pull back from the day. After two bullish candles on the daily and a bullish retrace on the big boss weekly I was confident in the third soldier for today. Proud to say a solid trade for today. I know there will be losses but this is a good indication of understanding, patience and listening to the charts.

Thank you so much for your dedication to helping others.

I hope to contribute as I...
Annoying Precision
  • #11,110
  • Mar 31, 2010 12:06am Mar 31, 2010 12:06am
E/J and A/J remain of interest here.
  • #11,111
  • Mar 31, 2010 12:11am Mar 31, 2010 12:11am
Monthly cable again of interest, though not my favorite market. Requires reading beyond the candle, as do the continentals in my opinion.
  • #11,112
  • Mar 31, 2010 12:15am Mar 31, 2010 12:15am
On the off chance that one views an occassional intraday chart, 92.30 was tested quite smartly, as discussed last week...It can be seen on the daily, too...of course. I'm not sure 93.75 is as important as it might look at first.
  • #11,113
  • Mar 31, 2010 12:18am Mar 31, 2010 12:18am
A/USD again bumping that TL...can it possiblly hold? What would that mean for the continentals? Can argue that a couple of ways, sadly. Yellow flag there to some extent.
  • #11,114
  • Mar 31, 2010 12:20am Mar 31, 2010 12:20am
Indeed, definatley a bullish pair, should develop into a nice trend. u/j
Annoying Precision
  • #11,115
  • Mar 31, 2010 12:24am Mar 31, 2010 12:24am
It's quite expensive to be holding shorts for this pair, theres also rumor that they plan on raising rates again. I see it hitting .9590 again....

Quoting Alexandra
A/USD again bumping that TL...can it possiblly hold? What would that mean for the continentals? Can argue that a couple of ways, sadly. Yellow flag there to some extent.
Annoying Precision
  • #11,116
  • Mar 31, 2010 12:30am Mar 31, 2010 12:30am
Quoting erikte279
WAKEUP GANG!!!!!!!
Resistance above at 94.5 and the 'almost' hammer on my feed stopped me from taking this trade.

But I am a newbie; wonder if rest of the 'gang' did enter!

Cheers,
R
  • #11,117
  • Mar 31, 2010 12:44am Mar 31, 2010 12:44am
Keep your eye on the Ball. Follow through with your swing.

Strat's Mantra:
We TRADE TO LIVE. We are NOT like others who LIVE TO TRADE.
We know that our Health is ALWAYS more important than our wealth.
We know trading is NOT a "Get Rich Quick Scheme".
We know trading is a serious business and WE treat our trading as a SERIOUS BUSINESS
We understand we have, like any other profession, to put in the thousands of hours studying, learning and practicing our methods and techniques.
We understand there is NO SHORTCUT to becoming successful and profitable traders.
We understand that successful and profitable trading is 95% psychology and 5% technical skill. We know who and what we have to control.
We need PATIENCE to wait for and "SEE" opportunities
We need DISCIPLINE to act and trade on such opportunities
We are PLANNERS – We always PLAN each and every trade and then Trade the PLAN without exception.
We are BELIEVERS. We believe in ourselves and our PLAN.
We are happy, content and satisfied with where we are in our trading career.
We believe in the Holy Grail. We know what the Holy Grail is. We have found the Holy Grail and our search for trading enlightenment is over.
We can only take what the market gives us - we do "NOT" force the market.
We respect PRICE and the Market.
We understand that PRICE is Lord, King, Queen and Country.
We ACCEPT losses as the cost of doing business
We are PROFESSIONALS and PROFESSIONALS look for a reason NOT to take a trade
We are NOT Amateurs. Amateurs manage money by taking RISK. PROFESSIONALS manage RISK by taking money.
--------------------------------------------------------------------------------------------------------------------------------
I am a professional trader. My job is to take risk.
If I manage my losses and let my profits run I will be successful.
Because I am a professional trader, I will forgive myself easily for making mistakes and move on to new opportunities.
I feel great that I have the discipline to control my emotions and the patience required to be a professional trader.
I am a professional trader and will make $1,000,000 by year end.
I will achieve this by following my trading plan, setting achievable goals, and controlling my emotions.
I am confident and believe in my own ability to be consistently profitable because I AM a professional trader.
Annoying Precision
  • #11,118
  • Edited 1:12am Mar 31, 2010 12:58am | Edited 1:12am
I HIGHLY recommend you download and read this free ebook.

"As a Man/ Women thinketh"

You wont regret it as it applies to almost every aspect of life including TRADING!



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Annoying Precision
  • #11,119
  • Mar 31, 2010 1:12am Mar 31, 2010 1:12am
Yeah if your not long already you'd be better suited to wait for things to pick up a bit, PA is a little hazy at this point. Wait for PASR!

Quoting Raje$h
Resistance above at 94.5 and the 'almost' hammer on my feed stopped me from taking this trade.

But I am a newbie; wonder if rest of the 'gang' did enter!

Cheers,
R
Annoying Precision
  • #11,120
  • Mar 31, 2010 1:17am Mar 31, 2010 1:17am
Quoting erikte279
Yeah if your not long already you'd be better suited to wait for things to pick up a bit, PA is a little hazy at this point. Wait for PASR!
In my plan, I wrote to wait for break 94.30 and retest it for going long.
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