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  • #13,761
  • Sep 1, 2010 11:11pm Sep 1, 2010 11:11pm
a great pair to watch for PASR.
anyone agrees?

monthly support. monthly BEOB
potential weekly BEOB depending on NFP tmr
IBs straddling round number at 130
little traffic below
reminds me of your gbp/chf trade strat
  • #13,762
  • Edited 8:08am Sep 2, 2010 2:46am | Edited 8:08am
Quoting strat
The ideal entry was off the August 25 hammer (on my data).
This does not show as a hammer on August 25th on my platform but I will assume it is one due to variation in feeds.
Going long at this point would put you very close to Big Boss SR around 0.88842 and the 50ema. Both MA's seemed horizontal but the 20ema is above the 50ema so still bullish and on other TF's.
We did not know on that date how the Boss was going to finish the week but hovering between the 20/50ema?
The ice cream man tells us that the August 25th candle did bounce off his 38.2% level so it was supported at this level.
I can only conclude that this trade would have been taken solely on the hammer formation and the ice cream man but still going into Big Boss SR does not add up? Also how do you conclude that this was the final LL in this cycle?
Any pointers or help on this would be most welcome.
  • #13,763
  • Sep 2, 2010 3:15am Sep 2, 2010 3:15am
Quoting simpleman
On my Big Boss chart, May candle is no more in control as high of the candle has been taken twice in July and then in Aug.
I agree but it has yet to close above the May candle where there are both Boss and Big Boss SR levels. I would wait for PA to get above these levels at the moment it is still range bound by the May candle as can be seen on the Boss and worker just going sideways.
  • #13,764
  • Sep 2, 2010 10:00am Sep 2, 2010 10:00am
Quoting miracle16
a great pair to watch for PASR.
anyone agrees?

monthly support. monthly BEOB
potential weekly BEOB depending on NFP tmr
IBs straddling round number at 130
little traffic below
reminds me of your gbp/chf trade strat
a great pair to watch for PASR.

A great pair to blow your account on if you have no MM discipline!

No interest from the big boys in the last 2 days - WAIT
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,765
  • Sep 2, 2010 10:07am Sep 2, 2010 10:07am
Quoting kalvind
This does not show as a hammer on August 25th on my platform but I will assume it is one due to variation in feeds.
Going long at this point would put you very close to Big Boss SR around 0.88842 and the 50ema. Both MA's seemed horizontal but the 20ema is above the 50ema so still bullish and on other TF's.
We did not know on that date how the Boss was going to finish the week but hovering between the 20/50ema?
The ice cream man tells us that the August 25th candle did bounce off his 38.2% level so it was supported at this level.
I can only conclude...
So far it just looks like a re-test of R at 0.92 (and maybe up to 0.94) which is a triple pip move off the hammer and not one to miss!

The Boss needs to break out of her range before we know what is in the crystal ball for this pair.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,766
  • Sep 2, 2010 10:10am Sep 2, 2010 10:10am
NFP Friday tomorrow, September 03, 2010.

We don't know what the market reaction will be to the news so pull in your SL to protect any profits and wait for the market to settle if you must trade on a Friday.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,767
  • Sep 2, 2010 11:29am Sep 2, 2010 11:29am
Quoting strat
Ah, ego mouth has just come in from work!

Do not think I am answering you as I refuse to be drawn into meaningless conversations with someone who is hell bent on disrupting the thread and it's students.

Since you openly state you do not follow my PASR method and as such are not a student, and since I have better things to do with my time than read your continuous, meaningless, ongoing rants, my patience, after being well and truly tested, has finally been exhausted and your posting privileges on this thread have been removed.

[color=blue][i][b]Your...

I thought you might do that lol.

Now I know why I don´t trade Strat style.

Too streesful for me I´m afraid. Your EF trade was very clearly CT and the way I trade it was a high risk scalp.

The other thing that always makes me suspicious is the way you brook no argument from anyone - my attitude is and always has been open-minded and receptive to all trading styles, whereas you try to close down any debate - why is that???.

BTW I am not working ATM I´m currently cruising the Med and I can only access the internet when we dock each evening - thats Stress free trading - lol....
  • #13,768
  • Sep 2, 2010 11:45am Sep 2, 2010 11:45am
which cruise you are in right now?
use satellite internet.. lol
  • #13,769
  • Sep 2, 2010 11:57am Sep 2, 2010 11:57am
Quoting Stewrig8
I thought you might do that lol.

Now I know why I don´t trade Strat style.

Too streesful for me I´m afraid. Your EF trade was very clearly CT and the way I trade it was a high risk scalp.

The other thing that always makes me suspicious is the way you brook no argument from anyone - my attitude is and always has been open-minded and receptive to all trading styles, whereas you try to close down any debate - why is that???.

BTW I am not working ATM I´m currently cruising the Med and I can only access the internet when we dock each evening...
To those that are new. When I first started studying Strat was very helpful when I made some posts. He is willing to teach as long as you understand he just wants to keep things simple especially for those who are new or have had repeated failures in the past. I fell off the path and chose to go back and study more. There is nothing complicated at looking at the main trend from the big boss and boss and worker and or determine you have just reached a market with lack of direction. He gives you simple candle signals to understand. The key is the context of those candles in relation to those around them and location. I am still studying trying to forget all the crap out there that clouds the understanding of Strats simple style of trading. I CANNOT SAY STRAT DOESNT PRACTICE WHAT HE PREACHES. I HAVENT SEEN IT IN ANY POSTS OR REPLIES TO STUDENTS.......JUST TO CLARIFY FOR THOSE WHO ARE NEW. He doesnt give you the fish. He wants you to learn how to fish so you can do it yourself. GOOD GOD!!!
  • #13,770
  • Sep 2, 2010 10:57pm Sep 2, 2010 10:57pm
Quoting Stewrig8
I thought you might do that lol.

Now I know why I don´t trade Strat style.

Too streesful for me I´m afraid. Your EF trade was very clearly CT and the way I trade it was a high risk scalp.

The other thing that always makes me suspicious is the way you brook no argument from anyone - my attitude is and always has been open-minded and receptive to all trading styles, whereas you try to close down any debate - why is that???.

BTW I am not working ATM I´m currently cruising the Med and I can only access the internet when we dock each evening...
I would interject, but you seem to miss the point. It's Strat's thread. For HIS method. You want to discuss other methods, open your own thread for that, simple. If that's not simple enough for you to understand, well then.......
  • #13,771
  • Sep 3, 2010 6:41pm Sep 3, 2010 6:41pm
Quoting Jideck
Hi Flem26http://cdn.forexfactory.com/images/icons/icon6.gif

Good to have you back, I hope you had good rest. Keep to the Path.

Happy Tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
Thanks man.
"Don't trade to trade . . . trade to win." - James16
  • #13,772
  • Sep 3, 2010 6:53pm Sep 3, 2010 6:53pm
Alright, I know I'm opening up a can of worms with this one. Natural gas October futures contract. If you look at the weekly, the long-term trend looks like it's down, the intermediate trend looks up, and the immediate trend looks down.

The 20 is below the 50 on all three time frames and prices are below both moving averages on all three as well. Prices have stalled around the 61 retracement level from the August 2009 low to the January 2010 high and looks like it wants to tag minor resistance and the worker 20.

I'll be looking for price action around that area or the worker 50. I actually placed a short on demo based on the weekly bearish engulfing at the beginning of August and closed the other half of the position around 3.90ish. Alright Strat and gang, lay it on me. What do you think? I forgot to change the background to white Strat. Sorry about that.
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"Don't trade to trade . . . trade to win." - James16
  • #13,773
  • Sep 3, 2010 7:26pm Sep 3, 2010 7:26pm
Quoting Flem26
Alright, I know I'm opening up a can of worms with this one. Natural gas October futures contract. If you look at the weekly, the long-term trend looks like it's down, the intermediate trend looks up, and the immediate trend looks down.

The 20 is below the 50 on all three time frames and prices are below both moving averages on all three as well. Prices have stalled around the 61 retracement level from the August 2009 low to the January 2010 high and looks like it wants to tag minor resistance and the worker 20.

I'll be looking for price action...
Natural Gas OWES me a lot of money!
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,774
  • Sep 4, 2010 4:42am Sep 4, 2010 4:42am
Just waiting for the bearish PA to go short. All the TF are down and target would be 78.
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  • #13,775
  • Sep 4, 2010 5:24am Sep 4, 2010 5:24am
Quoting simpleman
Just waiting for the bearish PA to go short. All the TF are down and target would be 78.
The Boss has just shown back to back hammer or bond candles which have yet to be confirmed. The Boss MA' are undecided but there is a down cycle which needs confirmation if it is an intermediate bottom to this cycle as the last two Boss candles are showing.
However the TL down both on the Boss & Worker has been respected but I would wait to see what the last two Boss candles reveal and see what happens around 80 level if it gets down there?
  • #13,776
  • Sep 4, 2010 6:28am Sep 4, 2010 6:28am
Quoting Flem26
Alright, I know I'm opening up a can of worms with this one. Natural gas October futures contract. If you look at the weekly, the long-term trend looks like it's down, the intermediate trend looks up, and the immediate trend looks down.

The 20 is below the 50 on all three time frames and prices are below both moving averages on all three as well. Prices have stalled around the 61 retracement level from the August 2009 low to the January 2010 high and looks like it wants to tag minor resistance and the worker 20.

I'll be looking for price...
I don't follow this one, yet the situation reminds me a bit of oil in that they are managed by cartels that won't want the prices to go down and will do whatever is necessary to produce at profit.

Can't remember what was the BE price for oil, at which they start loosing money, but there is one. There must be one in gas too.

My penny.
Spinner 'Tis in the Waiting.....
  • #13,777
  • Sep 4, 2010 7:54am Sep 4, 2010 7:54am
Gbp/Usd: Monthly and Weekly bearish.
I expect bearish PASR to retest area 1.5500 with target 1.5240.
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  • #13,778
  • Sep 4, 2010 9:54am Sep 4, 2010 9:54am
Quoting Spinner
I don't follow this one, yet the situation reminds me a bit of oil in that they are managed by cartels that won't want the prices to go down and will do whatever is necessary to produce at profit.

Can't remember what was the BE price for oil, at which they start loosing money, but there is one. There must be one in gas too.

My penny.
Right on, Spinner - Oil & Gas are very heavy manipulated as I found out to my detriment and cost - bastards!
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,779
  • Sep 4, 2010 1:09pm Sep 4, 2010 1:09pm
I lost my a$$ on commodities when I started trading years back. So for the time being, I'll sit on the sidelines and watch.
  • #13,780
  • Sep 4, 2010 1:56pm Sep 4, 2010 1:56pm
Quoting Spinner
I don't follow this one, yet the situation reminds me a bit of oil in that they are managed by cartels that won't want the prices to go down and will do whatever is necessary to produce at profit.

Can't remember what was the BE price for oil, at which they start loosing money, but there is one. There must be one in gas too.

My penny.
It seems that most of the time crude oil moves with the manipulated US equity markets. Natural gas tends to do its own thing. You should watch it sometimes. All other markets will be crashing and there's old nat gas shooting to the moon. It is quite comical.
"Don't trade to trade . . . trade to win." - James16
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