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  • #13,581
  • Aug 17, 2010 9:40pm Aug 17, 2010 9:40pm
Quoting simpleman
Watch out for PA near TL/FIB 38.2/R. I am still bullish for the pair
hi simpleman ,is you stil bullish? be careful .
Attached Image
A chart helps those who can read it.
  • #13,582
  • Edited 11:13pm Aug 17, 2010 10:40pm | Edited 11:13pm
Hi strat

noticed u've extracted my posting from jacko's thread and about time i posted something on here.

first of all thank you for your unselfish and unreserved teachings.
i'm still on the path of learning. and believe i never will stop trodding on this path. i havent been posting as i'm still reading the entire thread.
yes 1 yr and i've not completed it. to anyone who has done this in 3-6 months i salute you.
but there's so much depth in some postings that i can read two to three posts an entire day make sure i absorb/understand it and figure how to integrate it into my trading.(my personal favourites are your train stories and dr joe)

Despite this, safe to say i'm already starting to learn how to trade the stress free way and maintain a smooth equity curve. so for anyone who's lurking or has just stumbled on here.
pls pls pls do what has been told umpteen times by strat.
learn your basic PASR through james16 thread. maybe the first 100 pages or so and read the updated posts by mike over there and then pop by back over here to finish up this thread. i have to agree the later material might have de-generated with newbies coming in and posting trades that have either no meat left in them, going against HUGE trends or attempting to do advanced stuff without even learning how to swim yet.

apologies i'll not be posting yet but i promise i'll contribute once i've the time after my newborn's arrival plus work committments and when i decide to do this full time.

Once again thank you. this thread is gold. and yes its FOC no gimmicks attached
but are you ready to spend time and effort to learn this material?
i've lost 5 digit figures 3 years back doing absolutely rubbish.
if u saw the way i traded before this it would be like an 80 year old granny trying to cycle for the first time.
wobbling, wobbling then falling.
but will u find the energy and courage to stand up again after every fall.

i know i did.
why?
because this is a @#$@# marathon not a sprint.
if you're treating it like one i'm sure the ppl like mike, james, strat will be taking your money everytime u're placing a trade.

good luck ppl, trade well and hope everyone here finds inspiration from this thread like i did
thanks to you once again strat.
greatly appreciated.
  • #13,583
  • Aug 17, 2010 11:22pm Aug 17, 2010 11:22pm
Hi all,

I'd like to register on the Path but I don't think I can write PMs yet. Is there any other way?

Regards
  • #13,584
  • Aug 17, 2010 11:55pm Aug 17, 2010 11:55pm
Quoting gaf

It is my hope that this post will help others if they are suffering in silence or are on a winning streak and are starting to “walk on water”. Cheers.

John

Great example Gaf, thanks for sharing.
  • #13,585
  • Aug 18, 2010 4:39am Aug 18, 2010 4:39am
Quoting strat
I saw the second hammer as a good chance to join the potential new trend up. Entry was above hammer and stop below base (141pips) so well within the Risk management I use.

[color=blue]Danny boy - what on earth were you thinking or smoking? A quick eyeball of YOUR chart tells you its in a downtrend confirmed by LHs PLUS that ain't NO HAMMER! Then you have a rejection of PRICE by your down TL. Everything is DOWN.

[color=blue]What is a hammer like candle at R and at the top of a trend? A bloody...
Thanks for the Analysis Strat - I think my flaw was it was late on Sunday and I didn't really study my own chart and what it was telling me. As PA was above the MAs I thought I had some safety there too and I was also watching oil as CAD has mostly been a play on Oil - oil didn't look bullish so this added credence to my thinking. Yet I traded into my own down TL and the longer term DSRI line - I too am disappointed on this one and hence the reason to shame my self here as a lesson to myself and all. Never get cocky and always adhere to the plan - discretionary trading is dangerous when you are not in tune with the markets after absence!

Still, we learn more from losing trades than winners – so I implore everyone to ditch the ego they maybe carrying and post their losers and reasons for entry etc here so we can still all learn together!

Good, planned, trading to you all…
Trade less and become more profitable!
  • #13,586
  • Aug 18, 2010 4:56am Aug 18, 2010 4:56am
Quoting miracle16
Hi strat

noticed u've extracted my posting from jacko's thread and about time i posted something on here.

first of all thank you for your unselfish and unreserved teachings.
i'm still on the path of learning. and believe i never will stop trodding on this path. i havent been posting as i'm still reading the entire thread.
yes 1 yr and i've not completed it. to anyone who has done this in 3-6 months i salute you.
but there's so much depth in some postings that i can read two to three posts an entire day make sure i absorb/understand it and figure...
Thank you for posting, however I need to correct your statement below:

""learn your basic PASR through james16 thread.""

This was at the very beginning of the thread when we didn't have too many examples of PRICE REVERSAL BARS. The only purpose of J16 was to LEARN our key PRICE REVERSAL BARS not their style, method or whatever.

Since then, this thread now has many, many examples of PRICE REVERSAL BARS, examples of their use in trades and also examples of PRICE REVERSAL BARS which are not so reliable.

Therefore this thread is self contained and there is no need to visit any other thread to learn my PASR.

Thank you for your support of this thread and we look forward to your future posts and analysis.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,587
  • Aug 18, 2010 5:08am Aug 18, 2010 5:08am
Quoting Grimweasel
Thanks for the Analysis Strat - I think my flaw was it was late on Sunday and I didn't really study my own chart and what it was telling me. As PA was above the MAs I thought I had some safety there too and I was also watching oil as CAD has mostly been a play on Oil - oil didn't look bullish so this added credence to my thinking. Yet I traded into my own down TL and the longer term DSRI line - I too am disappointed on this one and hence the reason to shame my self here as a lesson to myself and all. Never get cocky and always adhere to the plan...
Danny boy, the more I read this and your previous post, the more I see of the Danny boy from this time last year!

I think my flaw was it was late on Sunday and I didn't really study my own chart and what it was telling me.

NEVER trade unless you are in the CORRECT mental state of mind and have done a full logical analysis. I get the same exact result when I trade on a whim!

I was also watching oil as CAD has mostly been a play on Oil - oil didn't look bullish so this added credence to my thinking.

Trade ONLY what you SEE on your USDCAD chart NOT what your imagination tells you about oil

Yet I traded into my own down TL and the longer term DSRI line

Its amazing what you see after the fact - a bit like waking up the next morning to an ugly chick who last night in the bar looked like a movie star!

Thanks for posting and get back to concentrating on your studies - hopefully they are not as bad as this!
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,588
  • Aug 18, 2010 5:32am Aug 18, 2010 5:32am
Quoting strat
Danny boy, the more I read this and your previous post, the more I see of the Danny boy from this time last year!

IYet I traded into my own down TL and the longer term DSRI line

Its amazing what you see after the fact - a bit like waking up the next morning to an ugly chick who last night in the bar looked like a movie star!

Thanks for posting and get back to concentrating on your studies - hopefully they are not as bad as this!
Hahah!! How I laughed at this line! So very, very true I'm sad to report. Back to Operations and the Supply Chain study - lots to learn - and from bad trades too!
Trade less and become more profitable!
  • #13,589
  • Aug 18, 2010 5:46am Aug 18, 2010 5:46am
USDCAD approaching Strat Wobble - will she or won't she?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 52 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,590
  • Aug 18, 2010 5:48am Aug 18, 2010 5:48am
Quoting Grimweasel
Hahah!! How I laughed at this line! So very, very true I'm sad to report. Back to Operations and the Supply Chain study - lots to learn - and from bad trades too!
More commonly known as ""Ten Pinters""
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,591
  • Aug 18, 2010 6:07am Aug 18, 2010 6:07am
Quoting strat
USDCAD approaching Strat Wobble - will she or won't she?
Good day Strat,

1. Could you please specify if there was PA on USDCAD except the fact that price bumpted on R, TL +78.6 ret. Could one have shorted the pair based solely on these facts?

2. Was yesterday's BEEB tradable given the fact that it's near S.
3. The MAs look quite horizontal to me



Thank you

R.
  • #13,592
  • Aug 18, 2010 6:25am Aug 18, 2010 6:25am
Quoting gaf
Post #4499 and the others surrounding it will be where you will find the related posts. Cheers.

John
thanks mate
  • #13,593
  • Aug 18, 2010 6:26am Aug 18, 2010 6:26am
Quoting Rubens PP
Good day Strat,

1. Could you please specify if there was PA on USDCAD except the fact that price bumpted on R, TL +78.6 ret. Could one have shorted the pair based solely on these facts?

2. Was yesterday's BEEB tradable given the fact that it's near S.
3. The MAs look quite horizontal to me

Thank you

R.
1. Could you please specify if there was PA on USDCAD except the fact that price bumpted on R, TL +78.6 ret. Could one have shorted the pair based solely on these facts?

No low stress, low risk, basic PASR but PASR from 8/12 bar with more risk and stress.

2. Was yesterday's BEEB tradable given the fact that it's near S.

No, too near Worker S

3. The MAs look quite horizontal to me

Yes, we are really waiting for resolution of the big triangle
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,594
  • Aug 18, 2010 9:59am Aug 18, 2010 9:59am
Quoting Grimweasel
I thought I'd share a losing trade with you all for analysis. I traded long usdcad on the second hammer. I have often seen this 'bond' hammers go on and give handsome rewards. Like Strat, I waited on the first hammer for another positive sign and a HL. I saw the second hammer as a good chance to join the potential new trend up. Entry was above hammer and stop below base (141pips) so well within the Risk management I use.

I thought the weekly was in line as we had a swing low in place but I guess this shows not to mess with the Big Boss as that...
Thanks for sharing Grim, we can all learn form others mistakes.
  • #13,595
  • Aug 18, 2010 11:48am Aug 18, 2010 11:48am
Quoting geniusztc
hi simpleman ,is you stil bullish? be careful .
Hi G,
Yes, I am still bullish but I am flexible too. I don't change my view on any pair because of one bad week. To be bearish I want to see all the TFs bearish and all the TFs are not bearish. I am not long at the moment and will jump-in when I see decisive price action.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd18082010.gif Size: 17 KB
  • #13,596
  • Aug 18, 2010 12:41pm Aug 18, 2010 12:41pm
Hello Start

I see 1. target on 1.0170

Regards
  • #13,597
  • Aug 18, 2010 1:32pm Aug 18, 2010 1:32pm
Target - 1.5?

No SS but look at yesterdays candle!!

Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad.jpg Size: 102 KB
  • #13,598
  • Aug 18, 2010 1:45pm Aug 18, 2010 1:45pm
I do like the Loonie but this one is a no-go for me bcos of the interest rate differential.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD.jpg Size: 116 KB
  • #13,599
  • Aug 19, 2010 2:21am Aug 19, 2010 2:21am
Quoting simpleman
Hi G,
Yes, I am still bullish but I am flexible too. I don't change my view on any pair because of one bad week. To be bearish I want to see all the TFs bearish and all the TFs are not bearish. I am not long at the moment and will jump-in when I see decisive price action.
Simpleman, I don't think so!
Boss: Last week candle formed BEOB and closed near support 1.5480, below 50SMA
Worker: I see higher lows and higher highs and then price recorded a lower low. I think about "Possible" trend change on worker and this is called half cycle (Blackeagle, am I correct?)
Now, price rest at support 1.5480 and below 20EMA
My plan:
- If price pullbacks and make a lower high then break support 1.5480 form a new lower low, I'll go short with PASR.
- If price go up and close above higher high at 1.5992, I'll go long with PASR.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: boss.gif Size: 16 KB
Click to Enlarge Name: worker.gif Size: 14 KB
  • #13,600
  • Edited 2:56am Aug 19, 2010 2:43am | Edited 2:56am
Quoting stewrigh
Target - 1.5?

No SS but look at yesterdays candle!!

Attachment
Stewrigh,
I see strong brearish candle and also BEEB, but 17/08 candle closed at support.
I see full cycle LL-LH for trend change on your chart.
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