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  • #11,121
  • Mar 31, 2010 1:28am Mar 31, 2010 1:28am
Heads up, current fight is at 1.35 RN, yesterday looks like the bears won the battle.
Attached Image (click to enlarge)
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Trading = a mirror to your human flaws. Fix them or be fixed.
  • #11,122
  • Mar 31, 2010 1:34am Mar 31, 2010 1:34am
I got myself confused, I thought you where referencing usd/chf, LOL!

The trend is definatley bullish, just wait for the appropriate retracement on the worker and I'd say you got a plan!

Quoting BaliuxXx
In my plan, I wrote to wait for break 94.30 and retest it for going long.
Annoying Precision
  • #11,123
  • Mar 31, 2010 2:29am Mar 31, 2010 2:29am
To qualify as an OB, does the body of a candle have to be equal to or bigger (not necessarily engulfing) than the previous candle's? Or to put another way, can a doji be an OB?

Sorry if this is a stupid question.
  • #11,124
  • Mar 31, 2010 2:52am Mar 31, 2010 2:52am
Quoting soso
Heads up, current fight is at 1.35 RN, yesterday looks like the bears won the battle.
Soso, statistics say that if both of us take the same trade, we both loose. So, i'm gonna stay out of this one to give you better chances to win it. For this, I only ask you to present yourself with a nice pack o beers
  • #11,125
  • Mar 31, 2010 3:15am Mar 31, 2010 3:15am
Quoting hcristea
Soso, statistics say that if both of us take the same trade, we both loose. So, i'm gonna stay out of this one to give you better chances to win it. For this, I only ask you to present yourself with a nice pack o beers
Sure mate .
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #11,126
  • Mar 31, 2010 5:53am Mar 31, 2010 5:53am
I want to make a proposal all of you! Personally I would like to see from traders,when see/take a trade,to share with us the reason of trades(why they take or not take the trade),why(what)gone right,why(what)gone wrong,but even how they manage the trade step by step until the end of trades,in order to see different ways of money management. Thanks.
My humble opinion.
  • #11,127
  • Mar 31, 2010 6:00am Mar 31, 2010 6:00am
Quoting Raje$h
To qualify as an OB, does the body of a candle have to be equal to or bigger (not necessarily engulfing) than the previous candle's? Or to put another way, can a doji be an OB?

Sorry if this is a stupid question.
An Outside Bar is a bar where its high is higher than the previous bar and its low is lower than the previous bar.

Yes, a doji could qualify, and many times does, as an Outside Bar BUT, in most cases, a doji represents an equilibrium or balance bar or, in simple terms, an indecision bar.

In learning basic PASR, we do NOT act on doji bars. They serve a purpose later in PASR life, but not for basic PASR.
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,128
  • Mar 31, 2010 6:49am Mar 31, 2010 6:49am
E/J continues quite significant on a weekly basis, as noted. The close will be important, as it relates to the overall forex/equity markets. Monthly is not as pretty, however, though it nevertheless shows the sentiment chamge, at least for now
  • #11,129
  • Mar 31, 2010 6:52am Mar 31, 2010 6:52am
i wish razorjack would come back
  • #11,130
  • Mar 31, 2010 8:02am Mar 31, 2010 8:02am
Quoting igmal
I want to make a proposal all of you! Personally I would like to see from traders,when see/take a trade,to share with us the reason of trades(why they take or not take the trade),why(what)gone right,why(what)gone wrong,but even how they manage the trade step by step until the end of trades,in order to see different ways of money management. Thanks.
Hi Igmal,

I did posted my trade on usdjpy and here is currently I have my last position moved from BE to below of the candle controls all IB. I will move it again if today candle turns bearish. I will post the next trade I am in.
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  • #11,131
  • Mar 31, 2010 9:01am Mar 31, 2010 9:01am
Such a dedication and will to share with others that are new to the market is nothing less then superb!

This is my first time trading in my life.. I been reading here and there learning the basics; created and funded an account. I been trading for the last 2 weeks.. went down and came back up but i do not feel confident enough with the knowledge i have get from some website courses.. and while i was checking the Economic Calendar i found this.. I was really shocked that someone will actually share their ways of doing things(succesfully) with everyone without asking for anything in return!
Respects...
I hope to learn and be succesful just like you guys, maybe not millions or thousands but hundreds will surely make my life way easier.

Thanks again for all you are doing here and to your team as well!!
Regards!
Keep up the great work!
  • #11,132
  • Edited 10:54am Mar 31, 2010 10:19am | Edited 10:54am
Quoting NewinTown22
Such a dedication and will to share with others that are new to the market is nothing less then superb!

This is my first time trading in my life.. I been reading here and there learning the basics; created and funded an account. I been trading for the last 2 weeks.. went down and came back up but i do not feel confident enough with the knowledge i have get from some website courses.. and while i was checking the Economic Calendar i found this.. I was really shocked that someone will actually share their ways of doing things(succesfully) with everyone...
Thank your lucky stars that you found this thread very early in your trading career, and not after you have blown a few accounts and wasted precious months or years like most of us.

Learning price action is the way to go.

So now you have found Strats thread, don't stray, as this will give you the best Forex education you will find.
  • #11,133
  • Mar 31, 2010 11:35am Mar 31, 2010 11:35am
Quoting NewinTown22
Such a dedication and will to share with others that are new to the market is nothing less then superb!

This is my first time trading in my life.. I been reading here and there learning the basics; created and funded an account. I been trading for the last 2 weeks.. went down and came back up but i do not feel confident enough with the knowledge i have get from some website courses.. and while i was checking the Economic Calendar i found this.. I was really shocked that someone will actually share their ways of doing things(succesfully) with...
Read from the beginning and understand. If you understand all, please come back to me. I've been at it six years and still trying.

Spinner
Spinner 'Tis in the Waiting.....
  • #11,134
  • Mar 31, 2010 12:05pm Mar 31, 2010 12:05pm
Looks like a big BEOB forming right at support and confluence with an upword TL.

This could be a ride down to .99
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  • #11,135
  • Mar 31, 2010 12:30pm Mar 31, 2010 12:30pm
[quote=elitejets;3585408]The market has been all about bonds the last couple of days.
Yesterday the US auctioned 2yr treasuries and today 5yr treasuries as it sells off debt. Let's just say the auctions did not go well, bonds are crashing (particularly the longer dated ones) and yields are spiking up to year highs. When bond yields go up so does USDJPY.
Yields on long dated bonds like the 10yr and 30yr are also very bad for the real estate market as it will push up morgage rates in an already fragile market trying to recover.

You might hear of the auctions as having long tails. Treasury rates are determined as part of a Treasury auction, which occurs on a regularly scheduled quarterly cycle. The result of the auction is called the rate. Non-winning bids are published by the Treasury at the same time as the winning rate. Non-winning bids are called the auction "tail" and are the number of basis points between the winning bid and the non-winning bid. In a well supported auction that number is low, a short tail means the auction was well bid and a long tail means it was not well bid.
The last two auctions were not failures but had very long tails. The result was that prices fell hard and yields went up sharply along with USDJPY and the USD across the board.

The US has a lot of debt to auction and this is not a good sign. The message is sinking in to stocks and commodities and what are known as "risk" currencies like AUD. It could lead to a sell off in stocks.
I would be careful with USDJPY because it is also influenced by stocks and if equities sell off we could see some downward pressure on USDJPY but the dollar continue to rally hard across the board. The only thing that can help bond prices up again is a fall off in stocks.
Stocks going down *usually* mean XXXJPY's go down.

-------
I know we don't trade fundis, yet maybe this post could go to the Index? She's put in very few words tons of info in an easy way....

Spinner
Spinner 'Tis in the Waiting.....
  • #11,136
  • Edited 9:58pm Mar 31, 2010 8:02pm | Edited 9:58pm
Quoting igmal
I want to make a proposal all of you! Personally I would like to see from traders,when see/take a trade,to share with us the reason of trades(why they take or not take the trade),why(what)gone right,why(what)gone wrong,but even how they manage the trade step by step until the end of trades,in order to see different ways of money management. Thanks.

http://i43.tinypic.com/abjoqo.gif

This one sticks out like a sore thumb. It should be self explanatory; if you've followed the path.

http://i41.tinypic.com/aczh5h.gif

A break of lower trend line & BOSS 50, or vise versa a break of upper trendline and BOSS 20, will get my attention. Stealers Wheel - "Stuck in the Middle with You"
T
  • #11,137
  • Mar 31, 2010 8:10pm Mar 31, 2010 8:10pm
Quoting NewinTown22
Such a dedication and will to share with others that are new to the market is nothing less then superb!

This is my first time trading in my life.. I been reading here and there learning the basics; created and funded an account. I been trading for the last 2 weeks.. went down and came back up but i do not feel confident enough with the knowledge i have get from some website courses.. and while i was checking the Economic Calendar i found this.. I was really shocked that someone will actually share their ways of doing things(succesfully) with everyone...
You've found, IMO, a gold mind. Prepare for the long haul; you'll get out exactly what you put in. Think marathon. Welcome,

T
T
  • #11,138
  • Mar 31, 2010 8:48pm Mar 31, 2010 8:48pm
Wondering why the NZD fell over tonight?
The IMF has come out and said the NZD is between 10 and 25% overvalued. Where were they last year when I kept trying to short it and it didn't work!
That means they view NZDUSD fair between 0.64 and 0.53. It trades tonight at 0.7075 ...

I see a lot of markets at turning points, big levels or trendline resistance tonight.
Tmanbone mentioned EURUSD, but USDCHF is on a big time trendline and round number, GBPUSD a daily trendline and also SR level.
If USDJPY doesn't take out 93.75 Jan high it won't be quite the spectacular trend change we have been waiting for (yet). AUDUSD and NZDUSD look ready to rollover too.
Some of the XXXJPY's are at pretty interesting levels to me also ...
  • #11,139
  • Mar 31, 2010 9:39pm Mar 31, 2010 9:39pm
Here is what I mean about big levels in the yens where we could reverse.
EURJPY looks really good, inverse head and shoulders, big long green candle, I just wanted to point out the level we are trading into at 127. Will be interesting to see how the weekly candles close as this is a shortened trading week.
Attached Image (click to enlarge)
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  • #11,140
  • Edited 11:29pm Mar 31, 2010 9:53pm | Edited 11:29pm
Normally when the new month is late in the week, NFP is the 2nd Friday in the month.

Not so this month, NFP is on Friday, April 2nd, 2010.

And, it's GOOD FRIDAY - Easter Egg time!

Aren't the markets closed then, don't they get Good Friday off?

Maybe FF calendar is wrong
15 YEARS OF PASR ON FOREX FACTORY!
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