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  • #12,881
  • Jul 5, 2010 2:39pm Jul 5, 2010 2:39pm
Quoting simpleman
Hi Strat,

Is it worth keeping an eye on 400 pips gap in AUDCHF? I am everyone has got this gap.
Yes as eventually, all gaps get filled. I'm not a CHF lover because of SNB and only follow GBPCHF and USDCHF
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,882
  • Jul 6, 2010 9:03am Jul 6, 2010 9:03am
If the pattern holds true, this should take us back into the consolidation area at 1.33
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15 YEARS OF PASR ON FOREX FACTORY!
  • #12,883
  • Jul 6, 2010 9:08am Jul 6, 2010 9:08am
Quoting stgeorge
My God it's good to have you back, the thread as been a bit lame recently it's always good to get a lashing!

Have double checked I am on New York time, daily chart closes at 2400, and I think I have solved the problem of my charts not looking remotely like the rest of you.

And as a bonus I have learn't how to post a chart.

Trading after this should be a well a bit easier

Thanks
the thread has been a bit lame recently

Agree. Recent activity leads me to believe its time to let go and move onto other bigger and better things
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,884
  • Jul 6, 2010 9:21am Jul 6, 2010 9:21am
Quoting strat
If the pattern holds true, this should take us back into the consolidation area at 1.33

Too many things working against it IMHO. Big boss and Boss are both down not to mention trendline coming up and a fairly strong psych level of 1.2600 and the candle isn't closed yet also.

But my eyes are new to this and I'm still learning.

MM
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  • #12,885
  • Jul 6, 2010 10:31am Jul 6, 2010 10:31am
Quoting strat
the thread has been a bit lame recently

Agree. Recent activity leads me to believe its time to let go and move onto other bigger and better things
I dont believe I'm reading this!

Strat
You are the heartbeat of this thread. NO ONE could ever replace you.

I know I'm a newcomer but consider this:

This is your passion, much like playing your 59 Stratocaster.
We spend a lifetime nurturing our passions, because it is part of who we are.
Educating others about our passions, and knowing that we made a
difference in someones life, brings a sense of fulfillment like nothing else.

Other than family, what could possibly be bigger and better than that!
  • #12,886
  • Jul 6, 2010 10:55am Jul 6, 2010 10:55am
Quoting strat
the thread has been a bit lame recently

Agree. Recent activity leads me to believe its time to let go and move onto other bigger and better things
Hi Strat,
I don't believe it either, have we done anything wrong? Not sure if you have become emotional because of something else on FF.
Hope any such thing won't happen unless it is good for you.
  • #12,887
  • Jul 6, 2010 11:10am Jul 6, 2010 11:10am
Strat,
the thread has not been lame recently, but its just been missing the main ingredient for a few weeks.
I know I don;'t get to post much here, since joining The Path life has been busy for me, just keeping up with the end of the thread has been hard enough. - but I don't count myself as a lurker. I am actively learning. Anyway You have forced me out of the wood work !!

My head had got muddled with trading recently (not for the first time).
I'd started dropping down timeframes if I didn't like what was happening halfway through the daily. Changing my trades accordingly rather than waiting for the daily close. And generally opening trades when I ought not to and closing them at equally bad times. Needless to say I started losing more than was necessary.

So, although I have been a reader of the thread almost since its early days I lately went back to read from the beginning again.
I got to about 30 pages so far, mostly on my iphone during my commute.
I also reread a few outstanding posts from the directorys.
This has been the start of a cure for me- your stuff is pure gold. I'm really enjoying rereading. I'm gonna go the whole way through again.
Thanks for it all,
I've even got some successful trades ob the go, which I will try to post later when I get to my home PC





Quoting strat
the thread has been a bit lame recently

Agree. Recent activity leads me to believe its time to let go and move onto other bigger and better things
If you can wait and not be tired by waiting...
  • #12,888
  • Jul 6, 2010 11:37am Jul 6, 2010 11:37am
Quoting MoneyMaker
Too many things working against it IMHO. Big boss and Boss are both down not to mention trendline coming up and a fairly strong psych level of 1.2600 and the candle isn't closed yet also.

But my eyes are new to this and I'm still learning.

MM
Hi MM,
Just for your consideration.

  1. EURUSD has mad HL and now HH.
  2. BOSS is up since last five weeks.
  3. BIG BOSS candle last month was giving a message what hammer gives.
  4. Price as I write is at 23.6 FIb (from high of 15139 to low of 11875)
  5. Price is above 20 & 50
  6. 132 is where 38.2 fib is and 133 is congestion area with strong resistance.
  7. Above 127 with price action will be buy for me.

Hope it will help.

  • #12,889
  • Jul 6, 2010 12:04pm Jul 6, 2010 12:04pm
Quoting simpleman
Hi MM,
Just for your consideration.

  1. EURUSD has mad HL and now HH.
  2. BOSS is up since last five weeks.
  3. BIG BOSS candle last month was giving a message what hammer gives.
  4. Price as I write is at 23.6 FIb (from high of 15139 to low of 11875)
  5. Price is above 20 & 50
  6. 132 is where 38.2 fib is and 133 is congestion area with strong resistance.
  7. Above 127 with price action will be buy for me.

Hope it will help.


Boss and Big Boss are telling me to short with PA at the next SR, and my TL is sloping down. So I gotta wait to see what happens over the next few days.
Draw a fib over the last swing on the weekly and you'll see 50 sitting at 2784 on MY data.
But thats just what my eyes are telling my brain that I see.
  • #12,890
  • Jul 6, 2010 2:10pm Jul 6, 2010 2:10pm
Quoting strat
the thread has been a bit lame recently

Agree. Recent activity leads me to believe its time to let go and move onto other bigger and better things

Hope that doesn't mean what I think it means Strat!!!
  • #12,891
  • Jul 6, 2010 2:20pm Jul 6, 2010 2:20pm
Quoting MoneyMaker
Boss and Big Boss are telling me to short with PA at the next SR, and my TL is sloping down. So I gotta wait to see what happens over the next few days.
Draw a fib over the last swing on the weekly and you'll see 50 sitting at 2784 on MY data.
But thats just what my eyes are telling my brain that I see.
Hi Money Maker.
Any short positions (IMO) should not be considered at this time.
Current price is at major S/R , and anything can happen, but the Boss
and Big Boss tell anything but a short .
Worker, Boss and Big Boss are more in alignment for a long CT position
with proper PA.

Short positions, would be more in line with Strat teachings of basic PASR, since the intermediate trend is down, but you must wait for PA
from the Bosses.
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  • #12,892
  • Jul 6, 2010 3:20pm Jul 6, 2010 3:20pm
I began trading last year in october. December 4th I blew my account because gold was sure to go up. My brokers newsletter said that day that gold would have reached its upper trend chanel line and it would be time to give it a breath. I had not seen no upper trend line! Because I was already positioned, I thought it would breath and go up again. I did not want to lose anything, that time. Then came the NFP and about 15 seconds later everything but the dollar began to stall.
On some page in this thread I read about Gremlins and monsters who tell us to get out quick as long as we're in profit! Thats funny, because I'm really always taking profits as soon as I see them!
Some times it happened that I left demotrades and a week later had huge profits. But I'm not programmed to do it that way. It seems we have to work to get rewarded, so do something! work! Leave it on it's own is paradoxical!
But most times there are trends in a direction that is easy to see. Should work, no? I want to trade that way! This thread is very interesting! Thanks for sharing!!!
  • #12,893
  • Jul 6, 2010 3:38pm Jul 6, 2010 3:38pm
Weekly = Up, although it has been having troubled times lately

on the daily a higher low with a shooting star set up provided my entry signal

(my stop was behind this at 0.82940 it is now moved to break even - perhaps a little too soon).
Target is the big round number 0.90000, however exiting the trade will be determined by stop loss.

I am trying all I can to not look at the PA during the day and check bars at the close - I know this is the key to stress free trading, but I first have to overcome the stress of not looking during the day !!!!
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If you can wait and not be tired by waiting...
  • #12,894
  • Jul 6, 2010 3:51pm Jul 6, 2010 3:51pm
Quoting strat
the thread has been a bit lame recently

Agree. Recent activity leads me to believe its time to let go and move onto other bigger and better things
Sorry you seem to have taken my comment the wrong way!

I didn't mean that the thread was lame I was referring to the lack of barbed riposte's, the caustic comments and the sense of mischief and good humour whilst you were away!

Only you can do that, it's your thread, and most of us deserve the odd comment, the wrap on the knuckle, and the withering one liner, it makes plowing through hundred's of pages a hell of a lot easier.

Anyway they have made me laugh and I am sure others as well.

Apart from that, now my charts actually look like yours, I can post my charts and thoughts along with everyone elses. Before they bore no resemblement to anyones!

You can't just disappear just at the point when I need your help and advice on my charts most, I am always up for a withering one liner and I am betting you are still the man to do it.
  • #12,895
  • Edited 4:49pm Jul 6, 2010 3:55pm | Edited 4:49pm
This trade is taken from the break of the weekly shooting star [correction: Hammer] (order filled today)
The weekly is in an uptrend over the long term, but has wobbled lately, bu tlooking left to right across the screen the long term uptrend is intact.
However the shooting star is at a ,long term level of support /resistance.

Stop loss is still tucked behind the low of yesterday's daily bar.

Target is 0.8600
but exit will be via stop loss.

I've a feeling that this is not quite a trade according to Strats planning because it is taken from the weekly bars without reviewing the dailies. (there may well be other reasons too of course)
Attached Image (click to enlarge)
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If you can wait and not be tired by waiting...
  • #12,896
  • Jul 6, 2010 4:23pm Jul 6, 2010 4:23pm
Quoting glyder
This trade is taken from the break of the weekly shooting star (order filled today)
The weekly is in an uptrend over the long term, but has wobbled lately, bu tlooking left to right across the screen the long term uptrend is intact.
However the shooting star is at a ,long term level of support /resistance.

Stop loss is still tucked behind the low of yesterday's daily bar.

Target is 0.8600
but exit will be via stop loss.

I've a feeling that this is not quite a trade according to Strats planning because it is taken from the weekly bars without...
If you are referring to the arrowed candle I think you mean hammer, not shooting star.
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #12,897
  • Jul 6, 2010 4:38pm Jul 6, 2010 4:38pm
Quoting strat
the thread has been a bit lame recently

Agree. Recent activity leads me to believe its time to let go and move onto other bigger and better things
Dear Strat, it is true that the thread was quiet during your absence, but this was not because of lack of interest by your dedicated and growing, band of students on the "Path to Learning".

Personally, during the time you were on vacation, I finished my study of the entire thread, and went back the beginning to revise and increase my understanding. I value the concept of this thread, and particularly your participation and guidance immeasurably.

Also I made a number of posts including some, in which I endeavored to assist other novices.

I urge you to analyze the thread during your absence, and I think you will see that there was an absence of participation by the senior members, not the learners on the "Path", who this thread was designed for.

You need not doubt that every minute you have spent is highly valued by many novice traders who have a very strong desire to become consistently profitable by applying your methods.

A big, heartfelt thanks again from me, Roger
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #12,898
  • Jul 6, 2010 4:47pm Jul 6, 2010 4:47pm
Quoting No1Optimist
If you are referring to the arrowed candle I think you mean hammer, not shooting star.
Thank you No 1.
I was doing my best to get the right term and specifically to avoid the
p-**r word.
But I muddled my terms anyway :-(
If you can wait and not be tired by waiting...
  • #12,899
  • Jul 6, 2010 7:33pm Jul 6, 2010 7:33pm
Hi Strat, I've been reading and i hope understanding this thread for 4 months and i've never posted anything cause i didn't feel like i deserved your audience and still don't. However I AM learning about long term trading by following your advice and those of the other seniors. This site is exciting, its funny, it makes me cringe sometimes cause i see myself in the others who sometimes stumble on the path. I have a lot to learn. I apprenticed as a wooden boatbuilder for 4 years before i was allowed to head a crew and build a boat myself. I consider you to be like the master builder who taught us. I just wanted you to know that your site has made a difference in my life, and I hope you continue. Thats all.
e
  • #12,900
  • Jul 6, 2010 10:08pm Jul 6, 2010 10:08pm
In reference to post 12486, Weekly, Monthly, and half Year analysis.


GBPUSD

Big Boss fighting strong down trend= I clearly see that.

Boss in full support of Big Boss= Not so clear.
This is where I am struggling. I see the Boss has made several bull candles, but has not made a HH yet. I also see that the May BEEB is still in control.

I know you are not suggesting that this is a trend trade and it will be treated as CT, so at my skill level I will wait to see what happens at 1.55. By doing this I give up a lot of opportunities and that is what I guess I am working on.

I have printed that post out to hold in my hand as I study the chart the chart and try to see how you arrive at your thoughts.


Still studying,

Poncho
" I can read the left side of the chart, the right side's a Bitch!
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