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  • #11,521
  • Apr 13, 2010 11:25pm Apr 13, 2010 11:25pm
Lets hope not......shes VERY intelligent.

1. Strat
2. Elite Jets
3. Alexandra

Quoting pipfx

Alexandre please don't stop posting I find your insight very useful and thought provoking.
Annoying Precision
  • #11,522
  • Apr 14, 2010 12:53am Apr 14, 2010 12:53am
Quoting Alexandra
Thank you for finally posting the monthly chart. A moment ago you stated that the weekly and monthly were not in agreement. Now we are getting somewhere.
Yes, now it makes more sense to me.
  • #11,523
  • Apr 14, 2010 2:15am Apr 14, 2010 2:15am
Quoting erikte279
Lets hope not......shes VERY intelligent.

1. Strat
2. Elite Jets
3. Alexandra
I have no idea what this list is, but if your going to call Strat a girl let me get my my ear plugs in first.
  • #11,524
  • Edited 5:50am Apr 14, 2010 5:27am | Edited 5:50am
Quoting Alexandra
Congratulations Baniu.
Quoting Alexandra

Baniu continues to lead us. That would be three big figures, my friend. Now that is an example of how to use Strat's method to achieve an early move return, in contrast to the question a few posts ago. That trade was/is painlless.
Thanks Alexandra for your kind words.

This is an example of how important is 1:1 projection. This is the most
powerful fibo for me . It pays off if you zoom out your charts...

Quoting Baniu
what really caught my attention here is symmetry of corrections highlighted on the chart.
Both of them have nearly 2000pips and went down in 5 waves style.

Now we have broken trendline of the last swing and testing 55ema. The second, much bigger hammer on the boss chart, makes it even more PROPABLE that EU is heading north. The first resistance worth keeping eye on is around 1.3820 and the next around 1.4050.

Cheers,
Baniu
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Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #11,525
  • Apr 14, 2010 6:17am Apr 14, 2010 6:17am
It will go either north or south..
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  • #11,526
  • Apr 14, 2010 6:46am Apr 14, 2010 6:46am
Quoting erikte279
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.[font=Arial][color=#ff0000]

We know trading is NOT a "Get Rich Quick Scheme".

[b][font=Arial][color=#ff0000]We know trading is a serious business and WE treat...
Always a welcome remainder. I read it complete every time you post it.

Spinner
Spinner 'Tis in the Waiting.....
  • #11,527
  • Edited 10:38am Apr 14, 2010 9:50am | Edited 10:38am
There was some talk of EG a few pages back. Excuse the mess of TLs, but with this much to choose from and the ever-tightening coil, along with the weekly and daily MAs banding together, I don't see any opportunities other than those which are suited for my level anyway ie support to first resistance and/or back and with the coil getting smaller I wonder about those?

CADJPY has been looking interesting having finally broken into the monthly box, weekly 20 over 50, firm break of 90/90.5 and now a potential HL though I will keep stops tight if given the chance - a clear of the swing high would be nice. I traded from 88.5 to 92.5 but if I had managed things better I'd still be in with stop under swing low we have just had (if this candle holds) - again showing the value of multiple positions for those where it can be afforded. Also, though at this point I am trying to only follow price, it seems to me that with Japan's Debt to GDP ratio at >220% and the only thing keeping them from a huge Sovereign Default being their post-WWII might, it is only a matter of time before the currencies weakening becomes apparent; compared to Canada whose resources should hold through the next bout at least.
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  • #11,528
  • Apr 14, 2010 10:23am Apr 14, 2010 10:23am
Quoting Raje$h
Hi Strat,

This is from your post #3535 of 3rd June 2009. No1Optimist's compilation also refers to it and reminded me to ask this question.

"For example, when I do an "ATM" trade, I always add ALL the S&R lines from the Worker. I put these on my chart in a "feint" colour so that I really have to look at the screen to see them. Then, I look at the Worker swings and where these coincide with a "feint" line, I darken the line to make it stand out."

Aren't S&R lines drawn to coincide with important swings to start...
Aren't S&R lines drawn to coincide with important swings to start with? There may be differences between closing prices (line charts) and high/low prices which Blackeagle told us to ignore if too extreme as 'they are price shootings/anomalies'.

I shouldn’t really have made those comments as it is one of my styles of trading. For those learning PASR, how we described identifying SR levels still applies.

Start with the Big Boss, identify your levels, move down to the Boss, fine tune those levels and add any relevant Boss levels then fine tune all of them on the Worker.

The important levels will STAND OUT. If you have to “look” and “search” for levels, chances are that they will be meaningless.

Remember, these are levels where PRICE has reacted to a change in supply and demand. PRICE may not do the same as it did in the past BUT, it will do SOMETHING at these levels. Knowing what PRICE does at these levels gives us a good indication for the immediate moves to follow.

Do NOT complicate these levels or identifying these levels. Think of them as magnetic fields repelling and attracting PRICE.
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,529
  • Apr 14, 2010 10:39am Apr 14, 2010 10:39am
Let’s clear up, once and for all, the GBPCHF situation.

The Worker showed a doji/shooting star at resistance depending on your data.

The Worker has made a higher high and we all know what “usually” follows a higher high.

The Boss and Big Boss were not in harmony so, this in itself tells you any trade is going to be a “quick in and out” trade.

This is a counter trend trade from resistance to support for 180 pips or so. This IS PASR trading for the more experienced PASR traders.

It is not “wrong” or “right” only profitable or losing.

Again, it all comes down to trading style.

It is NOT recommended for those learning PASR and practicing basic PASR. Those students learning PASR and practicing basic PASR should ONLY be trading WITH THE TREND and the Bosses. However, students, can “observe” these counter trend trades.
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,530
  • Apr 14, 2010 10:40am Apr 14, 2010 10:40am
Strat, I can't find your post now, but thank you for the reply re: TLs and chart management. Even though it is such a simple thing it really rang home. You have a talent for teaching that I wish my teachers had possessed.
  • #11,531
  • Apr 14, 2010 10:54am Apr 14, 2010 10:54am
Quoting pipfx
This is a follow up to a previous post of USDCHF.

The wedge has been broken to the down side, which means this could be headed down further. We have to wait until the weekly close to see if this holds.

There is no PASR on the worker right now that would make me want to jump in, but the boss has now shown a clear direction. (If it closes below the wedge)

On a side note, the USDJPY is is also showing a southern doji that is being held by the 20.


Alexandre please don't stop posting I find your insight very useful and thought provoking.
This is a follow up to a previous post of USDCHF.

The wedge has been broken to the down side, which means this could be headed down further. We have to wait until the weekly close to see if this holds.

Correct with regard to no decisions on the Boss until the Boss closes. Just be aware that right now, the Boss is sat on support and if it holds we may be going nowhere but sideways.

There is no PASR on the worker right now that would make me want to jump in, but the boss has now shown a clear direction. (If it closes below the wedge)

The Worker is also sat on support and again, if it holds, looks like it will range between 1.05 and 1.0750.

On a side note, the USDJPY is is also showing a southern doji that is being held by the 20.

USDJPY is a law unto itself and has no real technical influence on USDCHF. You should ALWAYS analyse USDCHF together with EURUSD as they are 98% inversely correlated.
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,532
  • Apr 14, 2010 10:56am Apr 14, 2010 10:56am
Please don't spam me with PMs after you read this. It speaks for itself.

This thread was begun by Strat to help aspiring traders learn how to trade properly. The thread began to grow with quality information to the point that Strat created a 'Path' one could take to learn how to trade. Thus we now have 'The Path of Learning'.

As the thread grew, Elitejets, Blackeagle and Alexandra began contributing their knowledge and expertise. The thread began to thrive and draw serious traders (and some not so serious).

Flash forward to current day.
  • #11,533
  • Apr 14, 2010 10:57am Apr 14, 2010 10:57am
This thread is very popular for 2 reasons and both draw readers:
1. It has over 1,000,000 views and 5 stars
2. Serious traders have read the content and know it's for real.

Unfortunately, its popularity has been a drawback in recent weeks. Spam posts with irrelevant information, unexplained charts and blatant requests for handouts abound. I've had requests for membership from usernames I've never seen post on this thread before and while some of them are sincere and will become serious students, the majority are not.

To become a student of The Path is special. It is not a free lunch or a magic bullet. You will find, however, that it does contain the holy grail...and said grail is DIFFICULT of obtain. Most WILL fail.
  • #11,534
  • Apr 14, 2010 10:59am Apr 14, 2010 10:59am
The ability to teach and offer quality information on this thread has become impaired by the useless masses spouting their drivel when it's clear they have absolutely no idea what they are talking about when it comes to the purpose of this thread. We are not interested in your posts. Stop.

If you don't know what a proper post should contain on this thread, you should not post.

Those who are current students and those that have applied as of yesterday will remain students. However, the way we accept students will change.
  • #11,535
  • Apr 14, 2010 11:05am Apr 14, 2010 11:05am
The only way to weed the serious from the lurkers and free loaders is to observe the quality of your posts. From this point forward, anyone wishing to become a student must meet the following criteria:

1. Must be a full ForexFactory member (no junior members)
2. You must have at least 15 QUALITY posts showing your analysis using Strat's method.
3. These post must occur over at least a 2 week period. Consider it a probationary period to weed out the non-serious.

The catch here is, if you haven't read far enough to know what a quality post is, you can't post. If you post anyway, your post will most likely be ignored.

You, the poster, will be able to determine if you meet these criteria. If you feel you are serious about learning to trade, have the courtesy to post in accordance with the thread guidelines and are willing to walk the walk, you may PM me requesting to be a student.

Please respect the expertise of the instructors and respond accordingly. You, the poster, are here to learn. If you are not here to learn then there are numerous other threads to choose from. Please do not get in the way of those that are serious and are willing to do the work required of them.

-Marcus
  • #11,536
  • Apr 14, 2010 11:25am Apr 14, 2010 11:25am
Speaking of spam posts and irrelevant information:

Post #11521

Post #11525

Post #11526

That’s 25% of irrelevant crap just on this page, Page 769.

So, moving forward, if we cut out posting this crap we can make future reading 25% shorter.

As a reminder, I LOATHE and DETEST lurkers, trolls, free loaders, freebie collectors, know it alls, and NEVER reply to their posts or PMs.
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,537
  • Apr 14, 2010 12:15pm Apr 14, 2010 12:15pm
Quoting strat
Speaking of spam posts and irrelevant information:

Post #11521

Post #11525

Post #11526

That’s 25% of irrelevant crap just on this page, Page 769.

[font=Arial]So, moving forward, if...

Strat,

I understand your dislike of Lurkers and you have probably put me in that pigeon hole - no problem.

But just because I like reading this thread should not elicit your approbrium.

I have already admitted that I don't trade your style(it is, however, a derivation of it), and that is why I don't post here very often.

Out of respect for you and Marcus etc. I will not post here anymore, but I will be lurking.

Theres nothing wrong with reading a good book and this is, if nothing else, a good read. I also think I can still learn from it, even if I have no intention of adopting your style.
  • #11,538
  • Apr 14, 2010 12:21pm Apr 14, 2010 12:21pm
Quoting stewrigh
Strat,

I understand your dislike of Lurkers and you have probably put me in that pigeon hole - no problem.

But just because I like reading this thread should not elicit your approbrium.

I have already admitted that I don't trade your style(it is, however, a derivation of it), and that is why I don't post here very often.

Out of respect for you and Marcus etc. I will not post here anymore, but I will be lurking.

Theres nothing wrong with reading a good book and this is, if nothing else, a good read. I also think I can still learn from it,...
You are welcome to post and join in. You are not considered a "lurker" and we would welcome further details of your "style".
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,539
  • Apr 14, 2010 12:30pm Apr 14, 2010 12:30pm
Quoting strat
You are welcome to post and join in. You are not considered a "lurker" and we would welcome further details of your "style".



Guess I must be Paranoid (Deep Purple)
  • #11,540
  • Apr 14, 2010 12:32pm Apr 14, 2010 12:32pm
Quoting stewrigh


Guess I must be Paranoid (Deep Purple)
I may have to change my mind - Black Sabbath did Paranoid!!!!!!!!!!!!!!!!!!!
15 YEARS OF PASR ON FOREX FACTORY!
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