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  • #12,001
  • May 6, 2010 5:06pm May 6, 2010 5:06pm
Quoting mawbvw@hotma
[font=Calibri]Thanks for the input. Whatever makes you think that I have learned to trade? I am still right at the beginning of learning to trade. Please don't ever stop telling it the way you see it. It is easier to (at least for me), to learn from someone's conviction than from their lack of it!

[size=3][color=black][font=Calibri]I suspect the fact that I am a slow learner is telling against me. What I was trying out, was the idea that I have heard Strat repeat on many occasions,...
Thanks for putting yourself out there for all to see. I find that admirable in itself. I may have been a bit hard on you, but my intent wasn't ridicule. I'm a learner myself; I appreciate you telling me like it is also. No disrespect intended; you've found a great learning resource. I will be more in tune to where you are at in your trading, and will work on bettering myself on my replies to folks at different levels of trading. Thanks again.

Sincerely,

Tom
T
  • #12,002
  • May 6, 2010 5:15pm May 6, 2010 5:15pm
[quote=Alexandra;3704963]Nope...it's a gift.....out and in again in the same day. Chaos is always profitabe for the prepared mind.

I presume you were present at your charts, at about 2.30 pm and for the next 20 mins. Are you alluding to the fact that you traded these moves? On what charts? Certainly not the timeframes studied on this thread.

I'm just interested as in over 20 years i've never seen volatilty like this. Fat fingers at citi, who knows. Dow drops 1000 points in 15 mins.

What i do know is that that statement is not in keeping with the main method Strat teaches, set and forget.

Just think it's helpful to point out that whatever trades you may have taken, are not in conjunction with Strats method.
  • #12,003
  • May 6, 2010 6:56pm May 6, 2010 6:56pm
Quoting tmanbone
Thanks for putting yourself out there for all to see. I find that admirable in itself. I may have been a bit hard on you, but my intent wasn't ridicule. I'm a learner myself; I appreciate you telling me like it is also. No disrespect intended; you've found a great learning resource. I will be more in tune to where you are at in your trading, and will work on bettering myself on my replies to folks at different levels of trading. Thanks again.

Sincerely,

Tom
Tom,

Your reply was totally acceptable to me -clear and to the point. I took no offence. I accept it in the spirit in which it was given and have taken your advice to heart. I continue to learn something new from every post that I read in this thread. With the kind and willing assistance of good people like you, I WILL succeed in trading, or die in the attempt!

Please accept my sincere apology. I was so pleased that you had taken the time and trouble to begin to straighten me out (good luck with that task!). If anything in my post, in any way made you feel uncomfortable I am truly sorry. It was entirely unintentional. You are not the only one to find my manner of expression weird, which, come to think of it, is probably why I had a turbulent youth? and marriage? and career? and.... Hmmmm?

So Sorry

Mike
  • #12,004
  • Edited 8:47pm May 6, 2010 7:27pm | Edited 8:47pm
[b][quote=golfer27;3705097[/B]
I presume you were present at your charts, at about 2.30 pm and for the next 20 mins. Are you alluding to the fact that you traded these moves? On what charts? Certainly not the timeframes studied on this thread.

I'm just interested as in over 20 years i've never seen volatilty like this. Fat fingers at citi, who knows. Dow drops 1000 points in 15 mins.

What i do know is that that statement is not in keeping...[/quote]

LOL - you can always be counted on to point out the negative.

The orders were sitting on the trendline, whether I were there or not. I post it only to show the value of the TL in a choatic market so long as one has previously analyzed the underlying conditions long term, i.e according to Strat's basic view. You are technically correct, of course, that it was not an end of session trade, though I believe one would be up roughly 100 pips if it were taken off the close. Nevertheless, it reinformces the major underlying theme here and is worth remembering for many. The only difference is the entry technique. Moreover, we had pointed out the need for tighter stop levels in USDJPY specifically, so, hopefully, today's action will not be forgotten.

As to the peronal comment directed to me, I'm afraid you join a long list.
  • #12,005
  • May 6, 2010 7:29pm May 6, 2010 7:29pm
I WILL succeed in trading, or die in the attempt!

Hi Mike http://cdn.forexfactory.com/images/icons/icon7.gif

You make me laugh! There is more to living than just trading and take note of this, check the post #11995 again.

But seriously, you are in the right place and you are on the road to become a successful trader. You will notice that people who contribute here want others to succeed and you will not be left alone, as long as you are learning and doing what need to be done - study the charts and follow the advice of the experienced traders.

Good going.http://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #12,006
  • May 6, 2010 8:13pm May 6, 2010 8:13pm
[quote=Alexandra;3705522]
Quoting golfer27

LOL - you can always be counted on to point out the negative.

The orders were sitting on the trendline, whether I were there or not. I post it only to show the value of the TL in a choatic market so long as one has previously analyzed the underlying conditions long term, i.e according to Strat's basic view. You are technically correct, of course, that it was not an end of session trade. Nevertheless, it reinformces the major underlying theme here and is worth remembering for many. The only difference is the entry...
The Maverick's been saved by the Bank of Japan again. I bet you serve on the board. |
"Don't trade to trade . . . trade to win." - James16
  • #12,007
  • Edited 8:49pm May 6, 2010 8:21pm | Edited 8:49pm
[quote=Flem26;3705612]
Quoting Alexandra

The Maverick's been saved by the Bank of Japan again. I bet you serve on the board. |
LOL - Nope but I sure do pay attention to those position statements (when they are true!)

The thng that bothers me about the current structure is that it is a bit flaglike vis a vis a resumption of a downtrend. You may prove correct, but for now, I remain in the bull mode.

That lovely 91.50-70 range is now resistance.
  • #12,008
  • May 7, 2010 2:04am May 7, 2010 2:04am
hi i think i got this right
Ive seen a buob

I think i seen a bullish outside bar on the EUR/AUD

it is a big bar over 100 + pips

can someone tell me if i am right? about the buob

i know its near an S1

is going up a bit
in profit of 60 pips

but i have a stoploss of 266

so not a major win for me yet

iI know the 6 month piviot point is at 1.500 price now is at
1.420

anyone have any thoughts on this ? do need some help
  • #12,009
  • May 7, 2010 2:29am May 7, 2010 2:29am
[quote=Alexandra;3705628]
Quoting Flem26

LOL - Nope but I sure do pay attention to those position statements (when they are true!)

The thng that bothers me about the current structure is that it is a bit flaglike vis a vis a resumption of a downtrend. You may prove correct, but for now, I remain in the bull mode.

That lovely 91.50-70 range is now resistance.
Hello,

I am a little confused whi is this area 91,50-70 is so important. On my graph I have SR level at 92.00 and can't see 91.50 as more important. Can someone point it out for me?
  • #12,010
  • May 7, 2010 3:06am May 7, 2010 3:06am
Hello gold diggers!
Have you seen the PASR on GOLD? Trend is UP, Big Boss, Boss and Worker all in agreement so all these PASR on worker could be easily traded.

 

  1. HAMMER at Support - occured in a retracement of the previous up trend
  2. BUEB & BUOB at S 1100 and straight from Boss 20
  3. Reverse PA, almost BEEB (considering the gap) but it seems to be a clear reversal sign. Here profits could be taken and SL moved under BEEB.
  4. HAMMER at S 1100 and rejected from Boss 20 and demand DSRI. The BUY order above wasnt activated
  5. BULLISH candle formation. Bears manage to take price down. Bulls stopped them and made a IB. 3rd candle confirmed the up direction by taking and closing above the HIGH of the 1sr bearish candle, closing above R 1100.ove R 1100
  6. BUEB above worker 50 & 20 and above demand DSRI. Sign of bull power and continuation of the trend
  7. Bullish HAMMER at the end of a retracement.
  8. BUEB above Suport. Trend continuation sign.
  9. HAMMER at TL retest + worker 20 + support


There are more PA on GOLD but the above are so obvious. And the UP trend continues so look for opportunities to get in.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: pasr_gold.png Size: 48 KB
Click to Enlarge Name: gold_weekly.png Size: 25 KB
Click to Enlarge Name: gold_monthly.png Size: 18 KB
  • #12,011
  • May 7, 2010 3:30am May 7, 2010 3:30am
Quoting swano
hi i think i got this right
Ive seen a buob

I think i seen a bullish outside bar on the EUR/AUD

it is a big bar over 100 + pips

can someone tell me if i am right? about the buob

i know its near an S1

is going up a bit
in profit of 60 pips

but i have a stoploss of 266



so not a major win for me yet

iI know the 6 month piviot point is at 1.500 price now is at
1.420

anyone have any thoughts on this ? do need some help
Hi Swano, u lucky chappie.

Maybe you could post the chart with your buob?

My feed doesn't have one BUOB, yet maybe the last two days could count as bullish.....mm

You are just showing that you either haven't read the thread or you haven't understood it. I know, it's long and difficult at times.

Strat is NOT teaching PASR to get you into counter trend trades. Look at the arrow in the chart below and see how many times that kind of pattern did NOT work in the last ten months: because it's countertrend.

You still are just touching the 20, under the 50 and 100, plus there is a trendline which has been touched like nine times and seems to be holding.

Looking at longer time frames, the trend is DOWN. PASR trading teaches to look for sell trades only in this case. The trend has been going on for fifteen months and yet I don't see any sign of change. It may happen, yet I don't see it NOW. If and when it did, I would be looking to short at/ around the 50/100 ma area, where it coincides with some previous (albeit minor) SR and with PA.

Maybe reading the thread will help you, as it has helped us all. Better than spending years in a job you don't like, or even working with a pick axe on the roadworks.... by miles
Attached Image (click to enlarge)
Click to Enlarge Name: eur aud-17.jpg Size: 106 KB
Spinner 'Tis in the Waiting.....
  • #12,012
  • May 7, 2010 3:34am May 7, 2010 3:34am
Quoting swano
hi i think i got this right
Ive seen a buob

I think i seen a bullish outside bar on the EUR/AUD

it is a big bar over 100 + pips

can someone tell me if i am right? about the buob

i know its near an S1

is going up a bit
in profit of 60 pips

but i have a stoploss of 266

so not a major win for me yet

iI know the 6 month piviot point is at 1.500 price now is at
1.420

anyone have any thoughts on this ? do need some help
This is a countertrend long below the 20ema in a strong downtrend. It is pretty high risk and not a Strat recommended trade.
The thick purple trend-line on the attached chart needs to break for your trade to keep working.

I am not tempted to buy here at all but if this trend-line breaks, and then is retested and holds and a higher low is formed I would buy.

Not TA but ... As a general rule of thumb this pair moves up when stocks go down and down when stocks go up so .... if the markets rally after yesterday's big drop watch out.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.gif Size: 27 KB
  • #12,013
  • Edited 3:48am May 7, 2010 3:47am | Edited 3:48am
Quoting swano
hi i think i got this right
Ive seen a buob

I think i seen a bullish outside bar on the EUR/AUD

it is a big bar over 100 + pips

can someone tell me if i am right? about the buob

i know its near an S1

is going up a bit
in profit of 60 pips

but i have a stoploss of 266

so not a major win for me yet

iI know the 6 month piviot point is at 1.500 price now is at
1.420

anyone have any thoughts on this ? do need some help
Hello swano,
you should look for opportunities to SHORT EURAUD. Look at the Big Boss, Boss and Worker trend. They are all in agreement here and they all go south.
Trends like these do not come very often and when they come you should take advantage of them and make money. Trading counter trend you'll earn change at best.

Yesterday was a BUOB but for me this means an opportunity to SELL could be near.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraud_d1.png Size: 26 KB
Click to Enlarge Name: euraud_w1.png Size: 37 KB
Click to Enlarge Name: euraud_mn.png Size: 17 KB
  • #12,014
  • May 7, 2010 3:48am May 7, 2010 3:48am
Quoting hcristea
Hello gold diggers!
Have you seen the PASR on GOLD? Trend is UP, Big Boss, Boss and Worker all in agreement so all these PASR on worker could be easily traded.
[list=1][*]HAMMER at Support - occured in a retracement of the previous up trend[*]BUEB & BUOB at S 1100 and straight from Boss 20[*]Reverse PA, almost BEEB (considering the gap) but it seems to be a clear reversal sign. Here profits could be taken and SL moved under BEEB.[*]HAMMER at S 1100 and rejected from Boss 20 and demand DSRI. The BUY order above wasnt activated[*]BULLISH...
Hi Horatiuhttp://cdn.forexfactory.com/images/icons/icon7.gif

Fantastic explanation of PASR, although I do not trade Gold (funny that Interbank does not have it for me), it great to see how the price behaves and how the trend continues.

Just by looking at Big Boss and Boss you can see the prevailing bias.

Great Stuff.http://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #12,015
  • May 7, 2010 3:59am May 7, 2010 3:59am
Quoting swano
hi i think i got this right
Ive seen a buob

I think i seen a bullish outside bar on the EUR/AUD

it is a big bar over 100 + pips

can someone tell me if i am right? about the buob

i know its near an S1

is going up a bit
in profit of 60 pips

but i have a stoploss of 266

so not a major win for me yet

iI know the 6 month piviot point is at 1.500 price now is at
1.420

anyone have any thoughts on this ? do need some help
Hi Swanohttp://cdn.forexfactory.com/images/icons/icon5.gif

Good to see you on posting your thoughts on this thread, but bear in mind that as majority of us are learning here you need to follow the rules for traders as us which is to look for opportunities that go with the trend and do not worry about the counter trades unless you have mastered the basics and have experience to trade the other way.

Make sure that you read and understand the posts and follow advice of the people who know, just look above at Spinner's, Elitejets and Hcristea's posts.

You do not have to write how many pips you are making too, we all make them here, just follow the information; but start from the beginning as you will not get much good response from others unless you know what you are talking about.

Good luckhttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #12,016
  • May 7, 2010 5:56am May 7, 2010 5:56am
patterns piercing and dark cloud cover allowed by Strat's system?
  • #12,017
  • May 7, 2010 6:00am May 7, 2010 6:00am
Quoting extraneo
patterns piercing and dark cloud cover allowed by Strat's system?
Absolutely, that is price action!
  • #12,018
  • May 7, 2010 6:03am May 7, 2010 6:03am
Quoting elitejets
Absolutely, that is price action!

Sorry but I understand bad English.
Now: dark cloud cover and piercing are ok?
  • #12,019
  • May 7, 2010 6:11am May 7, 2010 6:11am
Quoting extraneo
Sorry but I understand bad English.
Now: dark cloud cover and piercing are ok?
Yes they are OK
Strat uses japanese candlesticks
  • #12,020
  • May 7, 2010 6:14am May 7, 2010 6:14am
Quoting elitejets
Yes they are OK
Strat uses japanese candlesticks
thanks

and escuse me for my bad english
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