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  • #12,801
  • Jun 29, 2010 10:19am Jun 29, 2010 10:19am
Quoting simpleman
We had PASR at 88.50 you missed it but no problem there will be one more somewhere.

Whenever I see price action near SR I go back to monthly/weekly and re-check if they are correct and sometimes I find they are not correct. More recently I found it on my AUDJPY ad NZDJPY and missed those SS.

I suggest you do the same.
Hi Simpleman!

When price was at 88.50 back in Apr/14 , I was very much just beginning " The Path of Learning". I would not have been able to recognize PASR back then.
I see now, when I made the EURGBP analysis, it was backwards.
I should see PASR on worker first, then check the Bosses if they all agree.
Thank you for your input.
  • #12,802
  • Edited 10:33am Jun 29, 2010 10:19am | Edited 10:33am
Quoting hcristea
Rumors say that solid clues can be found on post #1 which is located on page #1. Check there and see what you can find.

You should consider yourself lucky that you found this thread now and not when it had 5 posts because you dont have to wait 1 year and a half until all these good posts would get published.
Mate, quite advice you give there. I went through all the #1. And I found things like these (correct me if I'm wrong, and plz pardon me for posting just newbie stuff here instead posting something awesome like others) :

- Big Boss, Boss and Worker are TF refer to M,W and D
- All the steps to identify is in Quick Refresher to TF
- The rule is : Go from S to 1st R, or vice versa (R to 1st S)
- to 'confirm' any movement or swing, PA which identified by the pattern in chart is used

Am I correct mate?? Hopefully someone correct me if I'm mistaken.
  • #12,803
  • Jun 29, 2010 10:34am Jun 29, 2010 10:34am
Why worry about the exit if you don't understand the entry?

MM


Quoting utjuph
Mate, quite advice you give there. I went through all the #1. And I found things like these (correct me if I'm wrong, and plz pardon me for posting just newbie stuff here instead posting something awesome like others) :

- Big Boss, Boss and Worker are TF refer to M,W and D
- All the steps to identify is in Quick Refresher to TF
- The rule is : Go from S to 1st R, or vice versa (R to 1st S)

Am I correct mate?? Hopefully someone correct me if I'm mistaken.

What I haven't found (more likely, haven't read) is the exiting scheme. Any clues mate??...
  • #12,804
  • Jun 29, 2010 10:40am Jun 29, 2010 10:40am
Does anyone know how I can get this chart printed out full size so I can sit down and mark it up with a pencil and a ruler? I don't want it on one sheet, I would like to span it out so my eyes can see it. I can change the background to white, thats no problem but actually printing it out on a span of sheets wuld be nice as I hate staring at a screen for hours on end doing chartwork (more like play to me). Any help would be greatly appreciated.

MM


PS As I just learned my chart only uploaded 1500 x 1500 as FF max, but it's a daily chart from eu looking all the way back to the beginning of my feed for it but I'd like to print out the whole chart from beginning to end.
Attached Image (click to enlarge)
Click to Enlarge Name: eu daily 6-27-10.jpg Size: 30 KB
  • #12,805
  • Jun 29, 2010 10:46am Jun 29, 2010 10:46am
Quoting MoneyMaker
Why worry about the exit if you don't understand the entry?

MM
Hmm... well, I'm not really sure I give you that impression unless I'm writing something mistaken in my last post.

As for entry, I understood the main principles here is the 'harmonious' way of BB,B and W. And for that, we know the points, which is the SR. In order to enter, we look at W to find the right 'timing' when W plays along with BB and B to the same direction.

That's what I'm thinking of entry. Again, correct me if I'm mistaken.

Then, the exit I was confused, is when we found some reversal in the middle of the process. I want to find out how to identify that with this method. Apparently, I found that in the explanation of swing confimation. Hence, you see, I edited my question. But then, if this mistaken, correct me again.

  • #12,806
  • Jun 29, 2010 11:03am Jun 29, 2010 11:03am
There's also PA in with SR, hence PASR. Having read the thread yourself though I would assume you know that, but as Jacko says "I could be wrong"


Quoting utjuph
Hmm... well, I'm not really sure I give you that impression unless I'm writing something mistaken in my last post.

As for entry, I understood the main principles here is the 'harmonious' way of BB,B and W. And for that, we know the points, which is the SR. In order to enter, we look at W to find the right 'timing' when W plays along with BB and B to the same direction.

That's what I'm thinking of entry. Again, correct me if I'm mistaken.

Then, the exit I was confused, is when we found some reversal in the middle of the process. I want to find...
  • #12,807
  • Jun 29, 2010 11:11am Jun 29, 2010 11:11am
Quoting MoneyMaker
There's also PA in with SR, hence PASR. Having read the thread yourself though I would assume you know that, but as Jacko says "I could be wrong"
You mean when we're in the process of determining the SR? Yes, sir, I have read that and thankfully understand that. I guess that's why in that #1 post Mr Strat mention how we'll have that 'doubt' when determine those lines. People can perceive differently anything in front of their eyes.

And yes, just like Jacko too, "I could be wrong".

But in this case, my mistake mostly not mention it right in there, I guess.



NB : Actually I had tried this method for a while, as I mentioned earlier. That just gives me some leverage when trying to read it once again. Thank God.
  • #12,808
  • Jun 29, 2010 1:16pm Jun 29, 2010 1:16pm
Quoting utjuph
- Big Boss, Boss and Worker are TF refer to M,W and D
- All the steps to identify is in Quick Refresher to TF
- The rule is : Go from S to 1st R, or vice versa (R to 1st S)
- to 'confirm' any movement or swing, PA which identified by the pattern in chart is used

Am I correct mate?? Hopefully someone correct me if I'm mistaken.
1. correct
2. i don't understand
3. false. its "and" not "or"
4. i don't understand
  • #12,809
  • Jun 29, 2010 1:24pm Jun 29, 2010 1:24pm
Ow, 1 of 4... ah well, not bad..

number 2 and 4, I refer to the chapter highlighted in post #1. There's link there.

As for number 3, thx for correcting, m8.
  • #12,810
  • Edited 1:33pm Jun 29, 2010 1:32pm | Edited 1:33pm
MoneyMaker,

I would suggest eliminating the pivots lines. They may help in daytrading, but I don't think they will help much with this method. Instead, find the posts by blackeagle where he describes how to determine the major SR levels on a chart. Put those on your charts and use them. Also, we have generally come to agree that volume is nearly useless for forex trading.

Here are some other things I can think of that may help you:

Make it as simple as possible at first. Look for the reversal bars BEEB, BUEB, SS, Hammer, BEOB, BUOB at support or resistance. Look at the longer timeframes first and work back to the daily to decide if you have a high probability setup. Go with the trend. Take profits at the first SR. Don't make it overly complicated or confusing. This is a somewhat mechanical trading method, but also requires judgment that you will acquire from experience.

If you haven't realized it yet, you will soon see that this is a waiting game. Sometimes lots of waiting for a good setup. Then after you take a position you have to wait some more. If you are serious about making money trading over the long haul then it is very important that you wait for, and take only the proper setups. I can't describe how you can really "know" when it is a good setup, simply because all trading is a gray area. But with enough experience you will start to know for yourself when it is right.

What you have to watch out for is this ability that we all have of talking ourselves into taking these marginal setups. You know what I mean, the ones you are not sure about but you take anyway.

Many times you will see candle formations like the one you describe in your post here - and you will know that are not even close to the right thing - but you will want to take a trade anyway. Why? Maybe it's because you are tired of waiting, or have just had three losers in a row and want to get even, or maybe you just "have a hunch" from some news release, etc. If you think about it long enough a reason can always be found. Truth is, you are just hoping and you know it, but you will jump in anyway. And sometimes you luck out, but most often it won't work. After enough of these losers, (if you are still trading by then), you will start to see that you will only be consistently profitable if you take the proper setups and follow your rules. That still doesn't guarantee you will have all winning trades, but it puts the odds in your favor and that's all you need in the long run.

You will also start to understand sometime soon what Strat has been talking about when he says trading is mostly psychological. If you hang in there long enough to get some experience and develop your trading skills you will soon prove to yourself that you really can make money trading this method. Your confidence will grow. After you master the system you get to the fun part - mastering yourself. You have to develop the patience to wait for the RIGHT setups to show up. Then you have to be disciplined enough and confident enough in your understanding to follow your plan.

It is a fascinating, rewarding, and sometimes frustrating learning experience. And well worth the trouble.

Welcome.
  • #12,811
  • Jun 29, 2010 1:46pm Jun 29, 2010 1:46pm
Quoting GibsonL6
Hi Simpleman!

When price was at 88.50 back in Apr/14 , I was very much just beginning " The Path of Learning". I would not have been able to recognize PASR back then.
I see now, when I made the EURGBP analysis, it was backwards.
I should see PASR on worker first, then check the Bosses if they all agree.
Thank you for your input.

sorry, typo error. It should be read 82.50. now you know what I meant.
  • #12,812
  • Jun 29, 2010 3:14pm Jun 29, 2010 3:14pm
Hi.. from Italy !!

Buy Stop EURJPY H4 at 108.189 SL 107.194 TP 109.575

Pa: Bullish Hammer
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-h4-29-6.gif Size: 22 KB
  • #12,813
  • Jun 29, 2010 4:13pm Jun 29, 2010 4:13pm
Quoting activemax
Hi.. from Italy !!

Buy Stop EURJPY H4 at 108.189 SL 107.194 TP 109.575

Pa: Bullish Hammer
I like Pizza and Fib but not sure about trend and the TF?
  • #12,814
  • Jun 29, 2010 4:27pm Jun 29, 2010 4:27pm
Quoting simpleman
sorry, typo error. It should be read 82.50. now you know what I meant.
According to my S/R placement of 82.00, if I had opened a short position at 82.50, I would have been trading right into support.
This is why I just stayed on the sidelines.
I would rather trade short from resistance if PASR gives us an opportunity
with good RR.
Maybe I do not have my S/R levels correct, but I trade what I see on my charts.
I am still in the very early stages of Strat's teachings, so these are just
my inexperienced views with PASR.

BTW- I will try a new chart display with the way you showed me.
Thank you.
Attached Image (click to enlarge)
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  • #12,815
  • Jun 29, 2010 4:32pm Jun 29, 2010 4:32pm
Quoting simpleman
I like Pizza and Fib but not sure about trend and the TF?
effectively the trend has not started yet..

Thx..

Activemax
  • #12,816
  • Jun 29, 2010 11:32pm Jun 29, 2010 11:32pm
Quoting PistolDave
MoneyMaker,

It is a fascinating, rewarding, and sometimes frustrating learning experience. And well worth the trouble.

Welcome.

Hi Dave and thanks for replying.
Those aren't pivot lines, thats a fib just labeled a different way. I can relate to alot of what you're saying coming from a high stress scalping background. This longer time frame is a breath of fresh air that's MUCH needed.

It just so happened that those 2 areas jumped out at me, not saying they were right or wrong, but after looking at the Big Boss and the Boss, both being down, they looked like opportune Dr. Joe times to enter, but then again I might be wrong.
I'll try to keep my posting to a minimum during my reading and learning of the thread.

But thank you for all the words of wisdom, they are GREATLY appreciated.
And thank you for the welcome....
And now back to studying.

MM
  • #12,817
  • Edited 12:37am Jun 30, 2010 12:36am | Edited 12:37am
Quoting activemax
Hi.. from Italy !!

Buy Stop EURJPY H4 at 108.189 SL 107.194 TP 109.575

Pa: Bullish Hammer
Hello Activemax

your post serves no purpose to most here as it does not fit with the style of trading and Strat's teachings We trade daily only.

Your post would only confuse some and lead them away from their discipline.


thanks

Frank
  • #12,818
  • Jun 30, 2010 8:23am Jun 30, 2010 8:23am
Quoting activemax
effectively the trend has not started yet..

Thx..

Activemax


If you are talking about an uptrend not starting yet, you are absolutely correct - and it's sure not showing any signs of it beginning now.

But a trend started about six months ago. The downtrend that is. It has not shown any signs of stopping yet.

So why are you going long at this point?

Dave

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 06-30-2010.gif Size: 33 KB

  • #12,819
  • Jun 30, 2010 8:47am Jun 30, 2010 8:47am
Quoting PistolDave
If you are talking about an uptrend not starting yet, you are absolutely correct - and it's sure not showing any signs of it beginning now.

But a trend started about six months ago. The downtrend that is. It has not shown any signs of stopping yet.

So why are you going long at this point?

Dave


absolutely correct.. the superior TF it's the Boss..

sorry for my Eng.. i'm pizza e mandolino ;-)

thx

Activemax
  • #12,820
  • Jun 30, 2010 7:01pm Jun 30, 2010 7:01pm
Quoting PistolDave
So why are you going long at this point?
Quite similar with what I found in boss chart....

Broken my S at 113.046 few month before, and turns R since... Wohooo.... expect another good week.

NB : Though this day been a bad day, My friend ask me to test his EA. Which is martingale... Huff, so stressfull losing trade.
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