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  • #11,601
  • Apr 19, 2010 7:27am Apr 19, 2010 7:27am
Quoting LarryK
May I float a contrarian view of this pair?
Quoting igmal
I totally agree with you Larry,about long .
Don't forget to look at what the Boss and Big Boss are saying.

Big Boss says that last month's bearish candle below resistance is still in control even though it's trapped between 1.3600 and the 38 fib.

The Boss however is saying that last week was a BEEB that closed under resistance. On top of that, the Boss is still making LL and LH.

The Worker might in fact be getting ready for a turn around but the Boss is going to have to give me some different orders before I start looking for a long.

Also bear in mind that the HH on the worker is due to a gap and not an orderly price movement. Yes, price mightcontinue making HH and HL but the boss is saying different right now. To go long at this point, even with PA, I'd have to see a break above 1.3800 with a retest. This would, on the weekly scale, be a better sign of a turn around.

Another point of view to consider is that we could be entering a range Betweeen 1.3800 and 1.3300.
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  • #11,602
  • Apr 19, 2010 8:50am Apr 19, 2010 8:50am
Quoting mstandifer
Don't forget to look at what the Boss and Big Boss are saying.

Big Boss says that last month's bearish candle below resistance is still in control even though it's trapped between 1.3600 and the 38 fib.

The Boss however is saying that last week was a BEEB that closed under resistance. On top of that, the Boss is still making LL and LH.

The Worker might in fact be getting ready for a turn around but the Boss is going to have to give me some different orders before I start looking for a long.

Also bear in mind that the HH on the worker is...
Marcus, I totally agree and was not suggesting a long trade now, my post was saying exactly what you say, looking for PASR at the retest of 13800.

That possible double bottom is just the first of many clues we need to follow before we put our money down.

Larry
  • #11,603
  • Apr 19, 2010 9:07am Apr 19, 2010 9:07am
Quoting LarryK
Marcus, I totally agree and was not suggesting a long trade now, my post was saying exactly what you say, looking for PASR at the retest of 13800.

That possible double bottom is just the first of many clues we need to follow before we put our money down.

Larry
Larry, for some reason I became completely dyslexic on your numbers! My apologies sir!
  • #11,604
  • Apr 19, 2010 10:41am Apr 19, 2010 10:41am
Or a wedgie?
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" I can read the left side of the chart, the right side's a Bitch!
  • #11,605
  • Apr 19, 2010 12:49pm Apr 19, 2010 12:49pm
does this hammer is worth attention, or it is just filling the gap?
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  • #11,606
  • Apr 19, 2010 1:37pm Apr 19, 2010 1:37pm
Quoting BaliuxXx
does this hammer is worth attention, or it is just filling the gap?
That hammer isn't filling any gap.

Check the Big Boss and Boss and the attached chart for the answer
Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,607
  • Apr 19, 2010 2:38pm Apr 19, 2010 2:38pm
So many pairs with PASR - I might just have to take them all!

For those of you with more sense, choose those exhibiting the best potential R:R.

Remember, think about LOSING before profit

Find reasons NOT to take a trade
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,608
  • Apr 19, 2010 2:58pm Apr 19, 2010 2:58pm
Take a look at the news calendar.
NZD CPI and AUD monetary policy minutes tonight.
Tomorrow is UK CPI and Bank of Canada rate statement.
The UK has had a lot of good economic news lately but nothing is guaranteed.
Bank of Canada not expected to hike but traders will be listening to the comments.
  • #11,609
  • Apr 19, 2010 6:01pm Apr 19, 2010 6:01pm
Quoting strat
So many pairs with PASR - I might just have to take them all!

For those of you with more sense, choose those exhibiting the best potential R:R.

Remember, think about LOSING before profit

Find reasons NOT to take a trade
Like kids in candy store, I know my favorites and remember reduce lot size so that you put your SL in where it is little bit meaningful.
  • #11,610
  • Apr 20, 2010 3:20am Apr 20, 2010 3:20am
Hi everyone!I know that yesterday was an important day with a lot of PA,but I want to talk about somethink that not happened yet and I'm sure that most of us are watching and waitaing-N/U-.Monthly(not closed yet)doji and retreacement after beeb(controlling candle).Weekly(big picture)in aqua channel witch act as R for big swings.From 2009.01.10 bearish trend and the last 11 weeks form a retreacement flag ( usually a continuation patern of generally trend)where find R at 0.72.Daily traped in triangle witch becoms more tight.Personally,I think that soon we will see some bearish PA with a down broke of triangle(but is just a personal opinion).It is all to wait and watch.Thanks.
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My humble opinion.
  • #11,611
  • Apr 20, 2010 7:32am Apr 20, 2010 7:32am
Quoting igmal
Hi everyone!I know that yesterday...
I want to talk about somethink that not happened yet

Yet another Michael J Fox student!

This is a very good example of WHY you should ZOOM OUT to see the BIG PICTURE.

The Boss chart is showing a typical bear flag pattern which is not that obvious if you are looking at a narrow, “zoomed in” chart.

The same with the Worker chart; the triangle is not that obvious when “zoomed in” although my preference, right now, is for the trading range between 0.6980 and 0.7200.

Good job!
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,612
  • Apr 20, 2010 8:02am Apr 20, 2010 8:02am
Quoting strat
So many pairs with PASR - I might just have to take them all!

For those of you with more sense, choose those exhibiting the best potential R:R.

Remember, think about LOSING before profit

Find reasons NOT to take a trade
PASR consistently produces profits.

On my data yesterday evening there were 12 text book PASR set ups. I took every one of them and ALL are in profit – some more than others.

This is not to brag but to show those who lack confidence in PASR, those still searching for the Holy Grail and especially those who don’t have the PATIENCE and DISCIPLINE to learn this method, that PASR really does work and not only does it work, but it is consistent and reliable.

Yes there are times when PASR doesn’t work and that is mainly due to external forces causing an “upset” condition. Under these conditions, NOTHING would work.

There is nothing “magic” or “secret” about PASR – it is there for all to see.



We don’t need a fancy “trader’s secret system”, black boxes, fancy algorithms, lagging indicators, bells and whistles, multi-coloured rainbow like charts etc, etc.

All we need is PRICE.
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,613
  • Apr 20, 2010 8:25am Apr 20, 2010 8:25am
Quoting strat
PASR consistently produces profits....

So true Strat! Patience is paramount! I also entered 3 trades on the break of yesterday candles, maximum number of trades I allow for myself at once.

But before those 3 trades from yesterday I took only 2 trades this month. 2 trades in 3 weeks might seem too few for some but I knew that the market would give in eventually. Now only thing left is to manage them correctly, not an easy task...

Cheers,
-soso
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #11,614
  • Apr 20, 2010 9:28am Apr 20, 2010 9:28am
Quoting strat
On my data yesterday evening there were 12 text book PASR set ups. I took every one of them and ALL are in profit – some more than others.
Strat, are you trying to beat stress with stress?


Quoting strat
This is not to brag but to show those who lack confidence in PASR, those still searching for the Holy Grail and especially those who don’t have the PATIENCE and DISCIPLINE to learn this method, that PASR really does work and not only does it work, but it is consistent and reliable.
Why do you want to show those who lack confidence in PASR, patience and discipline that this method works? I thought that these are prerequisites for those who want to learn this method. Dont they have to want it first?
  • #11,615
  • Apr 20, 2010 9:54am Apr 20, 2010 9:54am
Quoting hcristea
Strat, are you trying to beat stress with stress?




Why do you want to show those who lack confidence in PASR, patience and discipline that this method works? I thought that these are prerequisites for those who want to learn this method. Dont they have to want it first?
Originally Posted by strat [IMG]file:///C:/Users/Robert/AppData/Local/Temp/msohtml1/01/clip_image001.gif[/IMG]
On my data yesterday evening there were 12 text book PASR set ups. I took every one of them and ALL are in profit – some more than others.
Strat, are you trying to beat stress with stress?
Not one ounce of stress on all those trades combined. I put them on, set my SL and promptly forgot about them until I opened the charts this morning at my normal time.


Quote:
Originally Posted by strat [IMG]file:///C:/Users/Robert/AppData/Local/Temp/msohtml1/01/clip_image001.gif[/IMG]
This is not to brag but to show those who lack confidence in PASR, those still searching for the Holy Grail and especially those who don’t have the PATIENCE and DISCIPLINE to learn this method, that PASR really does work and not only does it work, but it is consistent and reliable.
Why do you want to show those who lack confidence in PASR, patience and discipline that this method works? I thought that these are prerequisites for those who want to learn this method. Dont they have to want it first?

There are many people who were once students of PASR who have lost PATIENCE and gone back to searching other Forums and threads for the Holy Grail – yet they STILL keep visiting the thread.

There are many people who were once students of PASR who have lost PATIENCE on trading the Worker and gone back to suicide time frames – yet they STILL keep visiting the thread.

There are many people who were once students of PASR who have lost PATIENCE and belief in PASR altogether – yet they STILL keep visiting the thread.

I am not interested in growing the thread readership, quite the opposite in fact, as our clear out last week testifies, but if we can just convert ONE of these LOSERS into a WINNER, I will feel a sense of accomplishment.
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,616
  • Apr 20, 2010 10:40am Apr 20, 2010 10:40am
For those who believe in random and chaotic markets
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15 YEARS OF PASR ON FOREX FACTORY!
  • #11,617
  • Apr 20, 2010 11:03am Apr 20, 2010 11:03am
[quote=strat;3654362]PASR consistently produces profits.

On my data yesterday evening there were 12 text book PASR set ups. I took every one of them and ALL are in profit –

Strat do you mind sharing which 12 you took, in the intrest of learning.
Personally I took 3
EUR/AUD, and the little men took over and I walked away 100 pips up.
I took GBP/USD and am still in and slightly up, second guessing myself now.
I took the USD/JPY again second guess myself and closed early but with good profits.
I considered gold but, left it alone as the move was away by the time I got up this morning. My bars end at midnight here.

Frank
  • #11,618
  • Apr 20, 2010 11:14am Apr 20, 2010 11:14am
[quote=Money Magnet;3654922]
Quoting strat
PASR consistently produces profits.

On my data yesterday evening there were 12 text book PASR set ups. I took every one of them and ALL are in profit –

Strat do you mind sharing which 12 you took, in the intrest of learning.
Personally I took 3
EUR/AUD, and the little men took over and I walked away 100 pips up.
I took GBP/USD and am still in and slightly up, second guessing myself now.
[font=Arial]I took the...
Why don't YOU do the work and look at YOUR charts and decide which were the 12 - there were actually more but not all PASR trades.

You will only learn when you "SEE" for yourself.
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,619
  • Apr 20, 2010 11:21am Apr 20, 2010 11:21am
[quote=Money Magnet;3654922]
Quoting strat
PASR consistently produces profits.

On my data yesterday evening there were 12 text book PASR set ups. I took every one of them and ALL are in profit –

Strat do you mind sharing which 12 you took, in the intrest of learning.
Personally I took 3
EUR/AUD, and the little men took over and I walked away 100 pips up.
I took GBP/USD and am still in and slightly up, second guessing myself now.
[font=Arial]I took the...
I'm curious if anyone cares to comment on what they thought was the best R:R out of the 12 pairs. I thought it was EUR/CAD; anyone agree or disagree? Thanks,
T
  • #11,620
  • Apr 20, 2010 1:34pm Apr 20, 2010 1:34pm
hi strat

swano

read most of your threads on your web page
about the 20 ema and 50 as a magnet and
candles as buyers and seller
pip ranges on candles
ib, buob,beob,hammer and stars


i liked reading your comments, is an interesting and is full knowledge. Is a good read.

im comfortable with longer trends now
look more at monthly projections than weekly and daily.
been burnt in the past

trading mini lots

i wont state how many pips as you say its not right
i agree with you on that i wont post pips or profits on any of my posts again.

as you say scammers and con men do that
i wont follow suit

still reading through a little more of your post
but just want to say thank you that's all

your posts are highly valuable and do enjoy reading
Thanks again
ryan swan
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