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  • #12,041
  • May 7, 2010 2:33pm May 7, 2010 2:33pm
Quoting strat
it was PA based

Not the PASR method being taught on here.

There was NO PA to trigger the sell where you took it - YOU GUESSED and you got LUCKY.

There are no LUCKY traders - they all went BROKE!


Hi Strat,
I know it was not within trend and was a counter trend and shouldn't have been taken by beginner (it was just a test drive) but why would you say it wasn't PA based?. The bar was BEOB and it was off resistance. Was it my order which should have been at the closing price instead of guessing that the price will go higher in the Australian session?
I am already flat broke and therefore no more breaking please.
  • #12,042
  • May 7, 2010 2:38pm May 7, 2010 2:38pm
Quoting strat
it was PA based
Quoting strat

Not the PASR method being taught on here.

There was NO PA to trigger the sell where you took it - YOU GUESSED and you got LUCKY.

There are no LUCKY traders - they all went BROKE!



OR may be I should have waited for retest
  • #12,043
  • May 7, 2010 2:40pm May 7, 2010 2:40pm
Quoting simpleman
[/color]

Hi Strat,
I know it was not within trend and was a counter trend and shouldn't have been taken by beginner (it was just a test drive) but why would you say it wasn't PA based?. The bar was BEOB and it was off resistance. Was it my order which should have been at the closing price instead of guessing that the price will go higher in the Australian session?
I am already flat broke and therefore no more breaking please.
Are you SURE you have read the thread?

Did you UNDERSTAND?

PASR entries are explained in many posts.

No, it should NOT have been at the closing price - guess again - in fact better than guessing, read and UNDERSTAND the damned thread!

Guessing where PRICE will go and trading with luck will empty your trading account faster than Schumaker's Ferrari!
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,044
  • May 7, 2010 2:42pm May 7, 2010 2:42pm
Quoting egkid
Hi sblank
Nice Chart and view :-)

My daily chart G/U
Daily Chart G/U (We have been bouncing for 1 month now between 2 Red dots line 1.48 - 1.53 )
Not confirmation yet but looks to me we going to 1.56 then after that to 1.43xx
MY Sunday candle close in 135 min if we close above 1.5280 1.5290 that confirmation to ME we going 1.56

PS: Yearly pvt 1.57 Red line , Pink line Yearly S1
I could be wrong but this what i see and remember everyone trade depends on His TF and MM
http://www.forexfactory.com/showpost...ostcount=11253
Now I'm flat my sell from 1.55 closed
  • #12,045
  • May 7, 2010 2:45pm May 7, 2010 2:45pm
[quote=strat;3708229][quote=stewrigh;3708104]
Quoting mawbvw@hotma

Now have you taken this on board Alexander - don't you just love it.

Who the hell is Alexander?

Oops sorry ALEXANDRA - typo - but I think you knew that Strat.

FF is not only my Gremlin it's sending me blind - LOL.
  • #12,046
  • May 7, 2010 2:52pm May 7, 2010 2:52pm
Quoting egkid
http://www.forexfactory.com/showpost...ostcount=11253
Now I'm flat my sell from 1.55 closed
Hi Therehttp://cdn.forexfactory.com/images/icons/icon5.gifhttp://cdn.forexfactory.com/images/icons/icon5.gifhttp://cdn.forexfactory.com/images/icons/icon5.gif

What is this??????????????????????????

Are you on the right thread??????????????????????

Cheershttp://cdn.forexfactory.com/images/icons/icon3.gifhttp://cdn.forexfactory.com/images/icons/icon3.gif
Jideck
  • #12,047
  • May 7, 2010 3:00pm May 7, 2010 3:00pm
Quoting strat
Are you SURE you have read the thread?

Did you UNDERSTAND?

PASR entries are explained in many posts.

No, it should NOT have been at the closing price - guess again - in fact better than guessing, read and UNDERSTAND the damned thread!

Guessing where PRICE will go and trading with luck will empty your trading account faster than Schumaker's Ferrari!
the sell stop should be put under the minimum beob
  • #12,048
  • May 7, 2010 3:03pm May 7, 2010 3:03pm
Quoting Lotuselanman
Hi Jideck and Lotuselanman,

Good discussion. I think we should have a few sets of targets for different markets conditions. If you use the same target for all markets conditions, you will beat yourself up for getting early or late. By doing this will force yourself think what market condition am I in?
Interesting suggestion. Do you have any further ideas about connecting targets with different market conditions?[/quote]

Hi Lotuselanman,

I have three sets of targets. If a ranging market, I use similar to your target1, opening three positions, one take profit @ 100 pips as Strat says make a little man happy, move two position left to BE. I will close or tight the second position as price reaching SR and leave last position @ BE until stop out. You never know after the break out can start a new trend, this way I can add on to my last position.

If a trending market, opening two positions, one take profit @ 100 pips, move last position to BE and trail it to new HL or LH and add on with PASR.

If starting reversal market, opening one position(1/4 of intended) no target only SL and BE 100 pips. Continue to add another 1/4 with PA.

I have three accounts for these markets conditions. I think it's hard to keep track of performing and psycho if you trade all these conditions in one account. Again I am not professional trader trading for living. This is what I am doing, learning, and building my accounts. Take it as student sharing notes. Please feel free to share yours.
  • #12,049
  • May 7, 2010 3:07pm May 7, 2010 3:07pm
Quoting Lotuselanman
Hi Jideck and Lotuselanman,

Good discussion. I think we should have a few sets of targets for different markets conditions. If you use the same target for all markets conditions, you will beat yourself up for getting early or late. By doing this will force yourself think what market condition am I in?
Interesting suggestion. Do you have any further ideas about connecting targets with different market conditions?[/quote]

Hi Lotuselanmanhttp://cdn.forexfactory.com/images/icons/icon7.gif

I would like someone with more experience to have a go at this. I have been using Fib numbers for places that I would call target and have not considered any other way in determining such.

Correct me if I am wrong but with PASR in trending market as far as I see it this is a matter of following a trend and trading according to your plan and the targets you have set out there, in a sideways market target would be either SR or trendlines (a channel) trading up or down.

What are your ideas?

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #12,050
  • May 7, 2010 3:13pm May 7, 2010 3:13pm
Quoting patrick25
Interesting suggestion. Do you have any further ideas about connecting targets with different market conditions?
Again I am not professional trader trading for living. This is what I am doing, learning, and building my accounts. Take it as student sharing notes. Please feel free to share yours.[/quote]

Hi Patrickhttp://cdn.forexfactory.com/images/icons/icon7.gif

Good to see how you approach these targets, thank you for sharing. It helps to evolve one's trading approach. Much appreciated.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #12,051
  • May 7, 2010 3:22pm May 7, 2010 3:22pm
Quoting extraneo
the sell stop should be put under the minimum beob
Thanks, there is a lot to remember but I will get there I am sure.
  • #12,052
  • May 7, 2010 3:30pm May 7, 2010 3:30pm
[quote=strat;3708273]Are you SURE you have read the thread?

Did you UNDERSTAND?

Thanks Strat for your help on this I definitely will read this thread again and I asure you I did read it and did understood it but there is a lot to remember which will take little bit of more time. Hopefully after reading the thread 2nd time and it takes two months of reading.
  • #12,053
  • May 7, 2010 3:47pm May 7, 2010 3:47pm
Anyone have charts on this pair that go back before 1999? Or was this when it was introduced as a currency pair?
  • #12,054
  • May 7, 2010 4:00pm May 7, 2010 4:00pm
Quoting simpleman
[/color]

Hi Strat,
I know it was not within trend and was a counter trend and shouldn't have been taken by beginner (it was just a test drive) but why would you say it wasn't PA based?. The bar was BEOB and it was off resistance. Was it my order which should have been at the closing price instead of guessing that the price will go higher in the Australian session?
I am already flat broke and therefore no more breaking please.

It was a high risk trade and against the boss and the big boss. IF it were in a more defined range it would not have been a bad trade.

Your entry was also not an entry method that has been taught on this thread and therefore less stress free.

Keep reading and understanding the thread and don't quit if this i really what you want to do it is all here for you in the thread.

800 pages in thread format is nothing! I was just looking at my book shelf the other day with all of the trading books i have bought and read and one of them is 600+ pages on TA! lol and it taught me nothing compared to what i have learned from Strat's thread.
  • #12,055
  • May 7, 2010 4:02pm May 7, 2010 4:02pm
Quoting Jideck
Again I am not professional trader trading for living. This is what I am doing, learning, and building my accounts. Take it as student sharing notes. Please feel free to share yours.
Hi Patrickhttp://cdn.forexfactory.com/images/icons/icon7.gif

Good to see how you approach these targets, thank you for sharing. It helps to evolve one's trading approach. Much appreciated.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck[/quote]

For all you guys discussing targets etc., Patrick's post #12048 details how I trade in my systems.

I trade different manually and sometimes wonder why I don't just trade as I do with my systems!

Do not miss the point about separate accounts. This is SO important.

Good job, Patrick.
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,056
  • May 7, 2010 4:14pm May 7, 2010 4:14pm
[quote=CrudeCraig;3708404]It was a high risk trade and against the boss and the big boss. IF it were in a more defined range it would not have been a bad trade.

After missing the point on entry you are correct it was high risk entry, I had remembered the entry lesson properly then I wouldn't have gone for the trade becuase of R:R. I knew it was against BOSS & BIG BOSS but I felt tempted to go for it.

I didn't learn much from those books as well which I bought long ago what I have learned in this thread in last 3 months.

I am not going to quit as I have to sack my boss (at work) I am trying since last 4-5 years but no success. But one day I will be successful in sacking him before he is succesful in sacking me.

Thanks
  • #12,057
  • May 7, 2010 4:19pm May 7, 2010 4:19pm
[quote=simpleman;3708418][quote=CrudeCraig;3708404]It was a high risk trade and against the boss and the big boss. IF it were in a more defined range it would not have been a bad trade.

After missing the point on entry you are correct it was high risk entry, I had remembered the entry lesson properly then I wouldn't have gone for the trade becuase of R:R. I knew it was against BOSS & BIG BOSS but I felt tempted to go for it.

I didn't learn much from those books as well which I bought long ago what I have learned in this thread in last 3 months.

I am not going to quit as I have to sack my boss (at work) I am trying since last 4-5 years but no success. But one day I will be successful in sacking him before he is succesful in sacking me.

Now, you are talking!

Keep taking the PASR pills and you WILL get there but don't be in too much of a hurry
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,058
  • May 7, 2010 4:36pm May 7, 2010 4:36pm
Quoting CrudeCraig
Anyone have charts on this pair that go back before 1999? Or was this when it was introduced as a currency pair?

Here you go - only back to 90 tho

Attached Image (click to enlarge)
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  • #12,059
  • May 7, 2010 4:46pm May 7, 2010 4:46pm
Quoting stewrigh
Here you go - only back to 90 tho

Attachment
Thanks Stewrigh! That low in 96 is what i wanted to be sure was either there or not.
  • #12,060
  • May 7, 2010 5:30pm May 7, 2010 5:30pm
[quote=strat;3708211]
Quoting gaf
Is this just a glitch on my data?

If not, thank goodness for disciplined entries and exits! I was lamenting missing entries this week as everything seems to be moving but I'm glad I wasn't in this one.

Well you should have been!

You should have been short after that tweezer top BEOB!
Hey Strat thanks for acknowledging the post. Ok I’ll need some help then:

Monthly: closed as a Doji after a strong bull bar indicating indecision but bias was up however we are close to the 20.

Weekly: Doji on DSRI Supply preceded by a strong bullish bar closing above resistance at 93.00 we’re above the 20 and the 50.

Daily: has been a bull for some time. We’re above a daily resistance and DSRI demand and have just slightly closed below the daily DSRI supply but not below the daily 20. Price is above the 20 and 50. Most people are long April 19 bar but it’s not beginner PA for me so I let it go. Daily trend is up both sets of ma’s have crossed BEEB is aprox 140 pips selling into DSRI demand and 93.00 followed by 92.00 and price being in the 20/50 trap (probably not a consideration as I assume that applies to ranging markets).

So I am thinking price is long shouldn’t we be buying pullbacks. Monthly would offer a clue here but there seems many reasons to not be thinking short off that bar if I’m using what you have taught us correctly.

Please straighten me out as I don’t want to miss trades like this in the future if you can help me with my analysis that would be wonderful as I feel a bit lost after this week. If it was something as simple as the proximity of price to the 20 on the monthly chart give me a slap and I’ll make sure it doesn’t happen again. Thanks so much in advance. Cheers.

John
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Finally out of the shadows.
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