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  • #13,141
  • Jul 21, 2010 10:17pm Jul 21, 2010 10:17pm
Quoting glyder
Strat, Many thanks for your encouraging response.
I'm keeping plugging away, reading both ends of the thread (whole thing 2nd...
......spend more time with the kids!!!

Do it NOW because before you know it they will be teenagers and then you'll know all about having kids!

This is one of my biggest regrets.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,142
  • Jul 21, 2010 10:31pm Jul 21, 2010 10:31pm
Quoting glyder
Gaf,
thanks, waiting for a trade to progress through a consolidation rather than just take the profits of the table is a tough thing. I think I need to formulate some rules for it - taking partial profits and/or moving stops is what it amounts to I suppose,
TBH as I have often been used to seeing losses on trades, seeing a profit and taking it just seems too good an opportunity to miss sometimes.
thanks, waiting for a trade to progress through a consolidation rather than just take the profits of the table is a tough thing. I think I need to formulate some rules for it - taking partial profits and/or moving stops is what it amounts to I suppose,

Hmm! You say you have read the thread and are on your 2nd read?

Read it again but this time, UNDERSTAND what you are reading!

The rules which you need to ‘’formulate’’ are already HERE in the thread and I also did a quick summary of them a few posts back.

TBH as I have often been used to seeing losses on trades, seeing a profit and taking it just seems too good an opportunity to miss sometimes.

You are trying to run before you can even walk, let alone crawl!

This is WHY you have to learn basic PASR first – I guess my comments to you on trend trading were either not read or, if read, UNDERSTOOD, or maybe because there is nothing between your ears!

Talk about leading a horse to water!
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,143
  • Jul 21, 2010 10:39pm Jul 21, 2010 10:39pm
Quoting igmal
Good evening!Last week,as I said, I entered long on this pair above the hammer1.Montly under the hammer influence,Weekly buob,Daily retreces and finds S at 20,putting hammer2.Today moved my SL of initial position under hammer2 and another order above today's hammer.Thanks.
Be careful! This is the same situation as the GBPUSD test.

Big Boss rejected PRICE at R

Boss has tweezer top at R

Worker - beautiful hammer at trend support
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,144
  • Jul 21, 2010 10:44pm Jul 21, 2010 10:44pm
Quoting No1Optimist
Is a coil forming on the USDCAD worker?
No. You have fallen into the trap of conjuring a pattern or making something out of what isn't there.

IF it was a coil, you would SEE it without having to draw 4 lines
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,145
  • Jul 21, 2010 11:10pm Jul 21, 2010 11:10pm
Quoting No1Optimist
USDJPY analysis...
USDJPY analysis
Big Boss:
* From previous Swing Low, price has made a new LL not yet confirmed as a Swing Low.

Not on my data. Previous low in Nov 2009 is 84.81. The current bar (July 2010) low is 86.26

* May bar tested and rejected 20 SMA.

Correct but it is 20 ema


CONCLUSION: downtrend resumed after rally.

No. So far it is holding above S

Boss:
* Price has made a new Low, not yet confirmed as a Swing Low.

No, see above.

* MAs diverging, pointing to increased downside momentum.

Yes, but at a slower rate than previous

* Last completed bar, week starting 11 July, BEOB

Yes but not in a position where we trade this bar

CONCLUSION: Downtrend gathering strength

No, downtrend is LOSING strength

Worker:
* Root TL now acting as R.

And ALWAYS will do UNTIL broken

20 July bar tested and rejected Root TL

Not on my data – downtrend controlled by the 20

* MAs diverging pointing to increased downside momentum

Yes, but the 20 and PRICE don't like to be so far away from the 50

CONCLUSION: Appropriate PA with strong close below SR Line at 86.22 will be positive for a SHORT ATM trade with 110 pip potential to next SR level.

See my comments on Big Boss and Boss for SR level to consider short

One for the watch list.

Yes, add it to your TIMEX

Still some steps to tread, Roger, but you are getting there

15 YEARS OF PASR ON FOREX FACTORY!
  • #13,146
  • Jul 22, 2010 1:11am Jul 22, 2010 1:11am
Quoting Money Magnet
http://www.forexfactory.com/showpost...ostcount=13128
Activer with MACD on your Chart Strat will never adopt you as a student.
Go to page one and start
there then he might.
Hi Money_Magnet, Thanks for your remind!

Sorry to Strat, in fact I do not use MACD since I read your thread,
I keep it in MetaTrader's window, just to get a comfortable ratio of the charts.
Try to understand English Try to understand Forex
  • #13,147
  • Jul 22, 2010 1:17am Jul 22, 2010 1:17am
Hi Strat,
Thanks for taking the time to comment on my USDJPY analysis.
Please bear with me for posting a a couple of follow up queries and comments; I need to be sure of my understanding.

1) I thought I understood perfectly the definitions of Swing Highs and Lows, and the confirmation of same, from your post no 4483, on page 299.
USDJPY analysis
Big Boss:
* From previous Swing Low, price has made a new LL not yet confirmed as a Swing Low.

Not on my data. Previous low in Nov 2009 is 84.81. The current bar (July 2010) low is 86.26

The March 2010 bar which I have labeled 1 in this zoomed in view of the Big Boss, is the bar I referred to as the “previous Swing Low”. Have I got this wrong?

Likewise the bar labeled 1 on the Boss.

2) * MAs diverging pointing to increased downside momentum

Yes, but the 20 and PRICE don't like to be so far away from the 50

Am I correct in thinking that you are referring to a probable “Elastic band” effect here, which would cause prices to rally?

Thanks again for your time.

Roger
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy monthly zoomed 21 july.jpg Size: 104 KB
Click to Enlarge Name: usdjpy weekly zoomed 21 july.jpg Size: 117 KB
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #13,148
  • Jul 22, 2010 1:45am Jul 22, 2010 1:45am
What do I think?

My system put me long on May 19 so I now have multiple positions and can afford to take more risk. (As I stated before my vacation, I will hold my system trades but not trade manually), I took partial profits on July 16 and today and will exit all positions IF the trend fails to hold. I entered a buy order above the Boss bar with a TP at resistance but it did not trigger.

I honestly don't know where she goes next. In theory, the Boss should win out because she is the ‘’Boss’’ and more so because she failed to put in, or attempt, a HH, but it is also possible for the Worker to put in a deep retrace to the 50 which is also in confluence with Worker support. If there is PA there, I will load up again for another challenge of where we are now.

Strat,
Can you explain your long trade GBPUSD on May 19?
  • #13,149
  • Jul 22, 2010 2:01am Jul 22, 2010 2:01am
Quoting No1Optimist
Hi Strat,...
1) I thought I understood perfectly the definitions of Swing Highs and Lows, and the confirmation of same, from your post no 4483, on page 299.

The March 2010 bar which I have labeled 1 in this zoomed in view of the Big Boss, is the bar I referred to as the “previous Swing Low”. Have I got this wrong?
2)
Yes and No!

Technically it is a HL BUT the next swing high failed to take out the previous swing high so we are still in a down trend and must go back to referring to the lowest swing low which is that in Nov 2009.

This is the lowest swing low which needs to be taken out to confirm continuation of the downtrend.

Likewise the bar labeled 1 on the Boss.

2) * MAs diverging pointing to increased downside momentum

Yes, but the 20 and PRICE don't like to be so far away from the 50

Am I correct in thinking that you are referring to a probable “Elastic band” effect here, which would cause prices to rally?

Yes


Does this explain it?




15 YEARS OF PASR ON FOREX FACTORY!
  • #13,150
  • Jul 22, 2010 2:03am Jul 22, 2010 2:03am
Quoting glasso
[color=Blue][i]What do I think?

My system put me long on May 19 so I now have multiple positions and can afford to take more risk. (As I stated before my vacation, I will hold my system trades but not trade manually), I took partial profits on July 16 and today and will exit all positions IF the trend fails to hold. I entered a buy order above the Boss bar with a TP at resistance but it did not trigger.

[font=Arial]I honestly don't know where she goes next. In theory, the Boss should win out...
Strat,
Can you explain your long trade GBPUSD on May 19?

Yes. It is a signal generated by my Strat Flagship System.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,151
  • Jul 22, 2010 2:44am Jul 22, 2010 2:44am
Quoting strat
[b][i][color=blue][font=Arial]1)...
Got it now, a very important point about the swing high/low which I don't think was covered in your post no 4483, page 299.

Thanks,

Roger
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #13,152
  • Jul 22, 2010 3:54am Jul 22, 2010 3:54am
Quoting strat
Strat,
Can you explain your long trade GBPUSD on May 19?

Yes. It is a signal generated by my Strat Flagship System.

I could be wrong here but I think this is another example of you taking the p.

I think that the SFS system you refer to is the one between your ears.

I don't think you have a system apart from the Strat system.

Please don't tell me I'm wrong!
  • #13,153
  • Jul 22, 2010 6:25am Jul 22, 2010 6:25am
Quoting strat
Strat,
Can you explain your long trade GBPUSD on May 19?

Yes. It is a signal generated by my Strat Flagship System.
But you don't like signal service and we don't like as well. We just want to learn what you have learned in those years please.

Thanks
Samad
  • #13,154
  • Jul 22, 2010 8:02am Jul 22, 2010 8:02am
Quoting strat
Strat,
Can you explain your long trade GBPUSD on May 19?

Yes. It is a signal generated by my Strat Flagship System.
Hi Strat:

I'm also very interested in that May 19th entry on GBPUSD which seems early to me.

I see a Boss hammer formed that week and would be looking for longs from May 23 onward...

Can you clarify whether that entry is too advanced for students on the path?

Thanks
  • #13,155
  • Jul 22, 2010 8:15am Jul 22, 2010 8:15am
Quoting euro_dude
Hi Strat:

I'm also very interested in that May 19th entry on GBPUSD which seems early to me.

I see a Boss hammer formed that week and would be looking for longs from May 23 onward...

Can you clarify whether that entry is too advanced for students on the path?

Thanks
Can you clarify whether that entry is too advanced for students on the path?
Way too advanced unless you understand PASR, Momentum, Cycles, Swings and PRICE
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,156
  • Jul 22, 2010 8:53am Jul 22, 2010 8:53am
Hi Strat!

hmm... I'm not sure if your post confused me or clarified a few things. Maybe a mixture of both. I put a buy order which was activated and I lost. I lost on my own analysis and I'm fine with it. It was a calculated risk and I'm moving on.

I dont entirely understand your analysis of the Boss. Especially why you consider the current candle in the middle of the week and what is it telling you. Bounces will weight more in my future analysis when i will understand them.

The Boss bounced but since I'm trading the Worker, i'm looking at the worker to see what PA is there and try to understand the message. The rejection is visible on the worker but the last PA was the Hammer at Support. What I tried was to trade it from Support to Resistance and that was it. I dont think guessing the direction had anything to do with my decision.

Your test put the Romanian faction in turmoil

P.S. I got something on FEAR. check this out: Fear leads to suffering, suffering leads to hate, hate leads to Dark Side and Dark Side is the indicator land!
  • #13,157
  • Jul 22, 2010 9:24am Jul 22, 2010 9:24am
Apologies for any duplication, as I am vacationing, but I do think some comment on E/J after today or tomorrow's close would be enlightening for many readers. One can argue either case. Of course, I am long given the weekly pattern and the daily resiliance (No news to Strat). Clearly, however, asking onesself why or why not he/she is or is not in this market and in what direction should test one's methodology and committment. If it makes you a few bucks along the way, so be it.
  • #13,158
  • Jul 22, 2010 10:31am Jul 22, 2010 10:31am
Quoting simpleman
I like both of them but will go for one along with EURCAD which has hammer off 20 & support
My buy order above yesterdays bar for GBPAUD didn't trigger and saved me losing trade. I know patterns do fail and in this case same thing happened if the coil I was thinking was a coil.
  • #13,159
  • Jul 22, 2010 11:12am Jul 22, 2010 11:12am
Quoting Alexandra
Apologies for any duplication, as I am vacationing, but I do think some comment on E/J after today or tomorrow's close would be enlightening for many readers. One can argue either case. Of course, I am long given the weekly pattern and the daily resiliance (No news to Strat). Clearly, however, asking onesself why or why not he/she is or is not in this market and in what direction should test one's methodology and committment. If it makes you a few bucks along the way, so be it.
Hi Alexandra, thanks for the heads up, I'm watching it closely also and see the price action as you're seeing. Watching the close...
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #13,160
  • Jul 22, 2010 4:25pm Jul 22, 2010 4:25pm
Quoting strat
No. You have fallen into the trap of conjuring a pattern or making something out of what isn't there.

IF it was a coil, you would SEE it without having to draw 4 lines
The 2 black lines forming the triangle were plotted first, before you gave your explanation of the difference between a coil and a triangle in your July 16 "Weekly Fumbles".

Looking more promising after today's bar.

The confluence of the apex of the coil, with the SR line at 1.0424 (my data) looks significant also.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad coil 22 july.jpg Size: 130 KB
"Make everything as simple as possible, but not simpler" Albert Einstein
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