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  • #11,541
  • Apr 14, 2010 1:28pm Apr 14, 2010 1:28pm
Quoting strat
I may have to change my mind - Black Sabbath did Paranoid!!!!!!!!!!!!!!!!!!!
Just testing
  • #11,542
  • Apr 14, 2010 4:02pm Apr 14, 2010 4:02pm
Quoting strat
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.

[font=Arial]This is a counter trend trade from resistance to support for 180 pips or so. This IS PASR trading for the more...
Indeed....make it 80 pips though.

Flashback to last night: [Ask yourself this: Which trade would you rather be holding, right now? (E/USD/Cable or GBPCHF) Could you have predicted that based on your read, last week, of all three timeframes? Or, rather, were you mesmerized by the daily formation only?]
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  • #11,543
  • Apr 14, 2010 4:42pm Apr 14, 2010 4:42pm
good evening!Personally I see an oportunity on GBP/USD.Monthly-bullish after hammer,Weekly-bullish (and ellastic effect of 20).Daily-goes over the RS level,retest it with an inverted hammer and rejects with bueb(today),Plan:long order above bueb,SL under SR line level,TP1.5757-1.5822(SR level + 50 weekly fibb+TL-confluence). Sorry for black background!
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My humble opinion.
  • #11,544
  • Apr 14, 2010 4:52pm Apr 14, 2010 4:52pm
Quoting strat
Speaking of spam posts and irrelevant information:...
You seems not to understand what I have just given you my litle boy.I don't care what are post are' cause they are of no use.From what i see of your posts so far ,We HAVE TO TRADE from first support and say firs t resistanse for a hundred years.Well I think I cannot live so long. Just quit this game is not for you old boy.
  • #11,545
  • Apr 14, 2010 4:56pm Apr 14, 2010 4:56pm
Quoting kratun
You seems not to understand what I have just given you my litle boy.I don't care what are post are' cause they are of no use.From what i see of your posts so far ,We HAVE TO TRADE from first support and say firs t resistanse for a hundred years.Well I think I cannot live so long. Just quit this game is not for you old boy.
Remember my post yesterday about experts and idiots? Yes, well, apparently Strat is the expert.

This thread will not become a watered down version of itself.
  • #11,546
  • Apr 14, 2010 5:01pm Apr 14, 2010 5:01pm
Bah I never read such a stupidity.Keep kissing asses that won't you make a better trader by the way ..Iam not interested anymore ,so no need of posting other bulshit
  • #11,547
  • Apr 14, 2010 5:28pm Apr 14, 2010 5:28pm
Would these charts be at an appropriate zoom level for Strat's teaching? Alexandra, when you analyze your charts are you zoomed out this far? Thank you,
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T
  • #11,548
  • Edited 6:52pm Apr 14, 2010 6:39pm | Edited 6:52pm
Quoting tmanbone
Would these charts be at an appropriate zoom level for Strat's teaching? Alexandra, when you analyze your charts are you zoomed out this far? Thank you,

Yes, I do tend to zoom out quite far, as it were, and then try to establish a dominant trend. The bull case for the EUR is supported by your long term charts, the open window, the immediate weekly and monthly patterns, and, the overblown bature of the Greek crisis. The truly astute traders,, in my mind, are long that market from about 1.3350, forecasting the move prior to the gap.

Always remember, however, that there can be money made on both sides of the market. That does not make it the right choice, but one must respect it. Many on this thread look at the EUR chart and consider the trend to be down. European traders tend to be a bit more nimble at trading counter trend. If one has a rationale and an exit strategy. money can be made even if one is wrong. By contrast, one can be right and broke if the timing is off and the exit is poorly managed or arrogantly ignored. The aim of this thread is to put traders on the easier side of the dominant run to eliminate the stress created by the more adventurous, nimble trades. Last night's dicussion illustrated this fact well.
  • #11,549
  • Apr 14, 2010 10:52pm Apr 14, 2010 10:52pm
Quoting Alexandra
Yes, I do tend to zoom out quite far, as it were, and then try to establish a dominant trend. The bull case for the EUR is supported by your long term charts, the open window, the immediate weekly and monthly patterns, and, the overblown bature of the Greek crisis.


Hi Alexandra,

The Weekly and Monthly charts posted by Tmanbone are identical as they show the prices from Feb 95 till date. Screen size permitting, I suppose even the daily chart can be zoomed out enough that it conveys the same 'trend feel'.

As a beginner, since I am only trading from one S/R to the next, is it fine if I only look at the previous few months/weeks?

And yes, please do keep posting. We are privileged to be sharing your wisdom and insights. Do not be discouraged by a few negative posts.

Remember, your namesake Greek goddess not only had the gift of foresight but also suffered from the curse that no one believed her prophecies!

Cheers,
Rajesh
  • #11,550
  • Edited 6:17am Apr 15, 2010 3:51am | Edited 6:17am
Hello all,

If you atleast have 1% of doubt or question youself if you are drawing Support and Resistence lines correctly please go to post of Blackeagle #7738 and read it again (it will take you just 10 minutes at most). Today I have done it for atleast the 5th time and I saw something that I was missing. Maybe someone is missing the same point. Appearently I was drawing my lines having too much zoomed in on Boss and Worker charts. Look at how Blackeagle does it. He draws his SR lines on maximum zoom out. This way you can draw SR lines from data of 4 years back or more just on Worker. By doing this I have added few important lines and adjusted others and now makes more sence to me.

Blackeagles graph of NZD/USD :
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  • #11,551
  • Apr 15, 2010 7:06am Apr 15, 2010 7:06am
hi Start and everyone,

yesterday i was checking my charts, looking for some setup and found one in LIght Crude. Although have not traded it before but the setup was just perfect (in my opinion which i wanted you people to comment upon)

well a perfect hammer, rejected by support and 20 with both 20 and 50 pointing upward with parallel distance between them. Weekly is bullish so as monthly with three consective strong bullish candles. My decision was rather based on the daily chart with Buy Stop 15 pips above the hammer. Also this trade is purely on PASR and ignoring the fact that i have not traded this instrument before.

My SL is below that hammer & the static support and TP is 20 pips below the next resistance at 88.4
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  • #11,552
  • Apr 15, 2010 9:43am Apr 15, 2010 9:43am
Quoting igmal
good evening!Personally I see an oportunity on GBP/USD.Monthly-bullish after hammer,Weekly-bullish (and ellastic effect of 20).Daily-goes over the RS level,retest it with an inverted hammer and rejects with bueb(today),Plan:long order above bueb,SL under SR line level,TP1.5757-1.5822(SR level + 50 weekly fibb+TL-confluence). Sorry for black background!
Good observation. There is a good opportunity but only until psycho 1.56 at which time we will have to see what happens
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,553
  • Apr 15, 2010 9:56am Apr 15, 2010 9:56am
Quoting Forex Baby
hi Start and everyone,

yesterday i was checking my charts, looking for some setup and found one in LIght Crude. Although have not traded it before but the setup was just perfect (in my opinion which i wanted you people to comment upon)

well a perfect hammer, rejected by support and 20 with both 20 and 50 pointing upward with parallel distance between them. Weekly is bullish so as monthly with three consective strong bullish candles. My decision was rather based on the daily chart with Buy Stop 15 pips above the hammer. Also this trade is purely...
yesterday i was checking my charts, looking for some setup and found one in LIght Crude. Although have not traded it before but the setup was just perfect (in my opinion which i wanted you people to comment upon)

PASR works on ANY freely traded financial instrument

well a perfect hammer, rejected by support and 20 with both 20 and 50 pointing upward with parallel distance between them. Weekly is bullish so as monthly with three consective strong bullish candles. My decision was rather based on the daily chart with Buy Stop 15 pips above the hammer. Also this trade is purely on PASR and ignoring the fact that i have not traded this instrument before.

You did everything by the “rule book” so you are doing very good.

My SL is below that hammer & the static support and TP is 20 pips below the next resistance at 88.4

There will be some sort of reaction as PRICE reaches the previous resistance of 87ish – what that reaction will be, I don’t know. Whatever it is though, will provide pointers for managing your trade.

I am surprised Nicola hasn’t commented as she trades the black stuff.
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,554
  • Apr 15, 2010 10:42am Apr 15, 2010 10:42am
Quoting kratun
You seems not to understand what I have just given you my litle boy.
It is a shame when an uninvited guest attempt to insult you in your own home, we seem to be attracting more of these ungracious guests of late. Cretin would seem to be a more appropriate user name for this one.
  • #11,555
  • Apr 15, 2010 10:44am Apr 15, 2010 10:44am
It really doesn't get much SIMPLER than this

This was a "fill yer wellies" trade if ever I saw one!

It will be interesting to see what happens at 1.4345
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15 YEARS OF PASR ON FOREX FACTORY!
  • #11,556
  • Apr 15, 2010 11:01am Apr 15, 2010 11:01am
Lou - you are into Tops and Bottoms - did this one pass you by?
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15 YEARS OF PASR ON FOREX FACTORY!
  • #11,557
  • Apr 15, 2010 11:08am Apr 15, 2010 11:08am
Quoting strat
It really doesn't get much SIMPLER than this

This was a "fill yer wellies" trade if ever I saw one!

It will be interesting to see what happens at 1.4345
I dont watch this pair but where the entry point was supposed to be?
  • #11,558
  • Apr 15, 2010 11:11am Apr 15, 2010 11:11am
Is GBPCHF one day behind GBPJPY or is GBPJPY one day ahead of GBPCHF?
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15 YEARS OF PASR ON FOREX FACTORY!
  • #11,559
  • Apr 15, 2010 11:19am Apr 15, 2010 11:19am
My apologies to Mr Strat ,the reason I wrote those unaccebtable words were under influence of alchocol just got back from the pub when I read his comment.
This is my last post in here so my sincere apologies to evryone in this thread and especially Mr.Strat..
  • #11,560
  • Apr 15, 2010 11:24am Apr 15, 2010 11:24am
I am VERY interested to see what PRICE does at 1.0650
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15 YEARS OF PASR ON FOREX FACTORY!
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