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  • #13,881
  • Sep 9, 2010 3:21am Sep 9, 2010 3:21am
Quoting MoreYummy
you should post a chart, so others can see what you meant exactly..
Hi Moreyummy,

A picture is worth a thousand of words! You are right. Here below my chart which illustrates my trade, see the arrow:
-I had a BEOB on the worker contained by the 20ema and below it. I placed a short stop order 10 pip below 240810 BEOB.
-Boss immediate trend was bearish.
-Big Boss immediate trend was bearish.
-Strong momentum heading south shown by the blue TL.

Voila.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf250810.gif Size: 24 KB
  • #13,882
  • Sep 9, 2010 3:32am Sep 9, 2010 3:32am
Quoting strat
Strat’s pedagogy approach

Bloody hell! So I'm a pedagog now - better not tell the trouble and strife otherwise she will lock me up!

I have been called, and will be called, many things but pedagog is a new one for me!

Pedagogy (pronounced /ˈpɛdəɡɒdʒi/ or /ˈpɛdəɡoʊdʒi/[1][2])...
Dear Teacher Strat,

Oups ! Of course PSAR, sorry PASR….

I guess I am having a dyslexia issue or I should stop drinking Champagne while understanding your thread -

PASR, PASR, PASR, PASR, PASR … only 995 left to finish my punishment.

I didn’t want to offence you my dear teacher but in France we tend to philosophize a lot and use weird latin word such as Pedagogy.

Cordialement,

Nota:
“Dyslexia is a learning disability that impairs a person's ability to read, and which can manifest itself as a difficulty with phonological awareness, phonological decoding, orthographic coding, auditory short-term memory, and/or rapid naming. Dyslexia is separate and distinct from reading difficulties resulting from other causes, such as a non-neurological deficiency with vision or hearing, or from poor or inadequate reading instruction. It is estimated that dyslexia affects between 5 and 17 percent of the population….”
  • #13,883
  • Edited 7:38am Sep 9, 2010 6:00am | Edited 7:38am
Would anyone trade and would it make sense trading the following 10 year trendline (possible) support without a PASR confirmation and a possible high RR?

Sorry Master Strat, for the devil in me, sometimes I feel possessed!!
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.gif Size: 19 KB
  • #13,884
  • Sep 9, 2010 7:46am Sep 9, 2010 7:46am
Quoting dorellino
Would anyone trade and would it make sense trading the following 10 year trendline (possible) support without a PASR confirmation and a possible high RR?

Sorry Master Strat, for the devil in me, sometimes I feel possessed!!
Of course, you can trail it all the way down to the bottom right hand corner!
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,885
  • Sep 9, 2010 8:18am Sep 9, 2010 8:18am
Quoting trogger
GBP.CHF

Looking at BB, B (and worker till yesterday) the time frames appear to be in agreement? Down.
Attachment Attachment

Yeterday produced a BUEB following the doji on 7 Sept. While the immediate (daily) downtrend line has not been breached, I do note that this action is occurring at an important level (close of the Dec 08 bar and end of the 08 run down). Maybe this is signaling the end of the current downtrend?
Attachment

R:R...
Maybe this is signaling the end of the current downtrend?

This will happen when the sellers stop selling and the buyers start buying - and not until
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,886
  • Sep 9, 2010 8:26am Sep 9, 2010 8:26am
Quoting Goddard
Hi Strat I am quite sure I'm on the right post! I was very naive then but since then I have been studying and realised at an early point in my trading that daily and up is the way forward.

I a sure you and everyone here that I will not crash and will never go lower than daily again!
I assure you and everyone here that I will not crash and will never go lower than daily again!

You are not the first and won't be the last to write this statement but will you succeed where so many fell to temptation and failed?

This thread is littered with those coming on to learn the method only to be ruled by their Little People who caused them to CRASH and BURN in Traders' Hell!

Just read the thread, note their names and ask "where are they now?"
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,887
  • Sep 9, 2010 9:34am Sep 9, 2010 9:34am
Quoting strat
Of course, you can trail it all the way down to the bottom right hand corner!
I lov u Strat!
  • #13,888
  • Sep 9, 2010 9:44am Sep 9, 2010 9:44am
Quoting dorellino
I lov u Strat!
Steady, lad, dentists are not my favourite people!
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,889
  • Sep 9, 2010 10:01am Sep 9, 2010 10:01am
Hi Strat and everyone,

I have been following the thread for almost a year. I have finished reading the whole thread once, and I am on my way to read it again. I am taking my time to read it this time just to make sure that I really understand it. I have to figure out how to post charts before I can contribute to the thread.

I would like to introduce myself a bit. I have been trading forex for four years. Same as most of us here, I have tried many trading systems and indicators looking for the holy grail, and ended up being disappointed. Getting so sick of all the false claim of the predictive ability of the indicators, I decided to strip them away. Looking at charts the way it is somehow works better than all the indicators, and then I ran into this thread. I have been having consistent success with my trades, though my equity curve is going up very slowly.

Thanks Strat for creating this thread and everyone for keeping it alive!


Chi Kan
  • #13,890
  • Sep 9, 2010 11:17am Sep 9, 2010 11:17am
I just wanted to leave a comment about the known issue (Strat's candles are often different to ours), because trying to decipher charts posted on the thread with the ones on our platform is impossible when the candles are not the same.
Two different languages, at least for that specific PASR formation or whatever it can be the matter of interest on the chart.
I have investigated with FxPro.
They assured me that demo and live accounts are ABSOLUTELY the same and also the feed is the same no matter where the platform is used (+2/+3summer GMT) , but of course since this is a broker (or someone who wants you broke ) ...beware.
Anyway, taking the fact that this could be true, which is not in reality , today I received this answer from support at FxPro.
I copy and paste:

Thank you for your email. We have checked this issue and indeed some times the
demo account might not be synchronizing properly with the real accounts.

In this case what you need to do in order to have your charts updated is to
rescan servers.

I don't know if it will work or not..we'll see.
M.
  • #13,891
  • Sep 9, 2010 3:18pm Sep 9, 2010 3:18pm
I have just finished watching a video sent to me by someone who is paying $149 per month subscription for a so called "teacher" explaining the "powerful" use of indicators.

The "teacher" stated (his words), "when the indicator goes down like this, price will follow and go down, and when the indicator goes up like this, price will follow and go up".

The person sending it wanted to know what I thought.

After a little thought I told them to send me the $149 per month for the rest of their life and I will explain why and how an indicator can NEVER lead price.

I also wanted to tell them about the beach front property for sale in Kansas but I was in a "polite" mood!

I can't believe there are idiots out there paying so much money for useless information - they must have more money than sense!

The teacher did sound convincing though!
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,892
  • Sep 9, 2010 4:49pm Sep 9, 2010 4:49pm
Strat, I remember years ago, a Technical Analyst who worked in a stockbrokers with me always had a sign up to remind him "Strength follows Relative". I never knew what it meant and still don't but it seems there are a lot of so called 'analysts' out there who think that something other than price is the prime indicator.
If you can wait and not be tired by waiting...
  • #13,893
  • Sep 9, 2010 5:35pm Sep 9, 2010 5:35pm
Quoting KungFuFX
Hi Strat and everyone,

I have been following the thread for almost a year. I have finished reading the whole thread once, and I am on my way to read it again. I am taking my time to read it this time just to make sure that I really understand it. I have to figure out how to post charts before I can contribute to the thread.

I would like to introduce myself a bit. I have been trading forex for four years. Same as most of us here, I have tried many trading systems and indicators looking for the holy grail, and ended up being disappointed. Getting...
Hi Chi Kan

Not sure which platform you use, but if its MT4 do this:

File> Save as Picture> Active chart ( as is ) then save to folder.

On the FF thread do this. Attachments > Browse> Upload
  • #13,894
  • Sep 9, 2010 8:26pm Sep 9, 2010 8:26pm
GBPCAD Short

Reasoning for taking the trade:

Boss-very bearish bar showing that sellers were firmly in control. Direction down, sentiment bearish.

Big Boss-also very bearish, no wicks indicating no buyer activity

Worker PASR:
i) true well formed SS
ii) 50 and 20 tested and rejected
iii) Blue (wobble on daily chart only) SR line at 1.6041 immediately below SS , but key level adjustment took entry comfortably below this level.

Problems/doubts about this trade: i) My GBPCAD charts go back only to September 2008. Therefore not much data, and few meaningful SR levels. However I considered the risk of some unseen ancient SR not enough to negate the trade.

ii) I usually use the pip value calculator on http://www.goforex.net/pip-calculator.htm to calculate the trade risk (risk in pips x pip value = trade risk)

Unfortunately the GBPCAD pair is not available on that site so I had to use the position size calculator on http://www.earnforex.com/position-size-calculator instead, and I am not so familiar with this one.

{note to the Moderators: I hope it is acceptable to include these 2 links in my post. If not, I will delete}

Entry: (key level adjusted) 1.6013
SL: (key level adjusted) 1.6237
Trade risk: 224 pips
Account balance: 9600, 2%=192

Trade 13 micro lots. Because of the above noted problems/doubts I divided the position into 2 tranches of 8 and 4 microlots, instead of the normal 3 equal tranches.

TP1 (100 pips) at 1.5913 was reached on entry day, SL on the remaining tranche moved to BE.

Now in a free trade......bliss!

Looks like a possible fall to round number SR at 1.5550 is possible
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpcad daily10 september.jpg Size: 147 KB
Click to Enlarge Name: gbpcad weekly10 september.jpg Size: 95 KB
Click to Enlarge Name: gbpcad weekly10 september line chart.jpg Size: 86 KB
Click to Enlarge Name: gbpcad monthly 9 september.jpg Size: 71 KB
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #13,895
  • Sep 10, 2010 12:00am Sep 10, 2010 12:00am
Worker: I see BEOB 03/09, two SS 08/09 and 09/09 at R0.9600. Price broke immediate TL and retest by two SS.
Boss: Last week rejected R0.9600. Now this candle is controlling price action.
If price break low of last week at 0.9407, I'll wait PASR to trade short.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ac daily.gif Size: 15 KB
Click to Enlarge Name: ac weekly.gif Size: 14 KB
  • #13,896
  • Sep 10, 2010 12:37am Sep 10, 2010 12:37am
Quoting glasso
Worker: I see BEOB 03/09, two SS 08/09 and 09/09 at R0.9600. Price broke immediate TL and retest by two SS.
Boss: Last week rejected R0.9600. Now this candle is controlling price action.
If price break low of last week at 0.9407, I'll wait PASR to trade short.
Hello Glasso

Which way is the train going?
  • #13,897
  • Sep 10, 2010 12:52am Sep 10, 2010 12:52am
Hi GibsonL6,

I am using the MT4platform. I will try what you suggested. Thank you so much for the reply.


Chi Kan
  • #13,898
  • Sep 10, 2010 2:20am Sep 10, 2010 2:20am
Quoting Money Magnet
Hello Glasso

Which way is the train going?
Money Magnet,
I'm waiting the market's answer.
  • #13,899
  • Sep 10, 2010 2:21am Sep 10, 2010 2:21am
Quoting KungFuFX
Hi Strat and everyone,

I have been following the thread for almost a year. I have finished reading the whole thread once, and I am on my way to read it again. I am taking my time to read it this time just to make sure that I really understand it. I have to figure out how to post charts before I can contribute to the thread.

Chi Kan
To Save a Picture in MT4/MT5 is a very simple thing. Try this:
Attached Image (click to enlarge)
Click to Enlarge Name: Save Picture.jpg Size: 98 KB
Try to understand English Try to understand Forex
  • #13,900
  • Sep 10, 2010 2:27am Sep 10, 2010 2:27am
Quoting No1Optimist
GBPCAD Short
I guess you may have a very big Monitor, 24" LCD?
Try to understand English Try to understand Forex
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