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  • #14,001
  • Sep 16, 2010 7:48am Sep 16, 2010 7:48am
OK. Comparison of weekly charts by two different MT$ brokers. Their end of day differs by just one hour I think, but their weeklys aren't even close.
Check out the arrowed weeks (weeks beginning 25 July and 8 August)
First IFBX
Attached Image


Then ALPARI

Attached Image (click to enlarge)
Click to Enlarge Name: nzd.us.w.16sept.gif Size: 16 KB


Anyone offer an explanation?
  • #14,002
  • Sep 16, 2010 7:49am Sep 16, 2010 7:49am
Quoting kalvind
True you were worried about the wicks, but where is the buying opportinity until these wicks are cleared and also the weekly TL?
Currently it is in uptrend only if it posts a HH somewhere after this cycle down?
Buying opportunity near 20 if PA allows but wicks could prove to be R.
  • #14,003
  • Sep 16, 2010 9:05am Sep 16, 2010 9:05am
Quoting trogger
OK. Comparison of weekly charts by two different MT$ brokers. Their end of day differs by just one hour I think, but their weeklys aren't even close.
Check out the arrowed weeks (weeks beginning 25 July and 8 August)
First IFBX

Then ALPARI

Anyone offer an explanation?
They might look different but they both convey the same PASR so why worry?

Charts will always vary across brokers because of the different ways their servers collect and disseminate information.

Just choose one broker for charting and ALWAYS trade off that - at the end of the year all anomalies are balanced out.

It is futile to worry about what other brokers' charts may or may not look like - you don't trade them and don't need them so concentrate and focus on YOUR charts.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,004
  • Sep 16, 2010 9:13am Sep 16, 2010 9:13am
Quoting trogger
I have just watched segments from a Reuters interview with him where he stated that the BOJ were right to intervene but he wasn't drawn by the interviewer's question as to whether the BOJ intervention would work (So I guess we don't know which side he has his cash stacked up against!)

[He also stated that while gold might make new highs (after the 1275 set on 14 Sept) it wasn't a safe buy.]
Forget Soros - you don't have his trading funds, information, resources, staff, access to "inside information", knowledge, clout, etc., etc.

His trading strategy will be far different from yours and mine - he can afford drawdowns that would bankrupt many a country.

Plus, he is only one of many big boys with such sizable trading assets.

By the time the market and talking heads get to know about his trades, he has already made his $Billions and is waiting for everyone else to rush in while he rushes out!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,005
  • Sep 16, 2010 3:36pm Sep 16, 2010 3:36pm
Hi Strat, I have been lurking and reading for quite some time now.

This is my first post to this thread.

I must say I have learned more from reading this thread and learning a little about what you have to share about price action and support/resistance than from all the other multitudes of strategies and forex trading concepts I have encountered.

I for one am convinced that the key to success in this business boils down to learning PA and how it reacts at certain levels.

I decided to focus 100% on this thread and on your teachings and scrap all the other crap that has been distracting me and holding me back!

Thanks for all you do Strat and I am humbled by a man with your talents who is willing to help all the rest of us for free.

Keep up the good work dude and ROCK ON!

Respectfully, Winalot
  • #14,006
  • Sep 16, 2010 6:16pm Sep 16, 2010 6:16pm
Hi all,

Wandering through my charts i found this..
Does this Ib in a Ib coupled with a nice SS mean something??

We 'll see

Greek Bouncer
Attached Image (click to enlarge)
Click to Enlarge Name: SS+IB+IB.JPG Size: 197 KB
  • #14,007
  • Sep 16, 2010 9:57pm Sep 16, 2010 9:57pm
Hi start! I enjoy the simplicity of your trading strategy!

However i do have one qns, for example i get a nice setup on the 4hr, but few hours later there will be some US news coming out.

Say maybe the initial job claims, consumer price index etc.

Would it be advisable to go for the trade or would it be safer not to trade when news is coming out? Cus there are times where news makes it possible to make the trade turn against as easily.

thank you.
Whether you can or you can't, you are both right.
  • #14,008
  • Sep 16, 2010 10:06pm Sep 16, 2010 10:06pm
Hi Strat,

I saw many times that you said 'wait for PA ' or 'confirmation'

but I don't understand it very well. I got two pictures here :

1. GBP/USD Weekly, MAs show the down trend, but the last week bar up
break the MA50, and the MA20 is support.

2.Daily, the price sames turn up, at first MA 100 is Support then the price
up break the MA20,MA50,

So this is my question,
Does the bar of 9.15, which marked by a arrow , is a confirm?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 41 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 42 KB
Try to understand English Try to understand Forex
  • #14,009
  • Edited 4:48am Sep 17, 2010 2:47am | Edited 4:48am
Quoting fartist
Hi start! I enjoy the simplicity of your trading strategy!

However i do have one qns, for example i get a nice setup on the 4hr, but few hours later there will be some US news coming out.

Say maybe the initial job claims, consumer price index etc.

Would it be advisable to go for the trade or would it be safer not to trade when news is coming out? Cus there are times where news makes it possible to make the trade turn against as easily.

thank you.
Hi fartist, I'll answer to you and hope Strat ( not Start ) will agree with what I'm writing.
You have to read and enjoy the thread a bit more, probably.
We don't look at 4hr charts and we check charts after ny close, not few hours before news.
Anyway, news are part of the game but not really influencing the major trend, that is way you have to be prepared to trade what Boss and Big Boss are telling you and consider news as "noise" within the trend.
Hope to have clarified something
Best
  • #14,010
  • Sep 17, 2010 4:58am Sep 17, 2010 4:58am
Quoting Rubens PP
Hi all,

Wandering through my charts i found this..
Does this Ib in a Ib coupled with a nice SS mean something??

We 'll see

Greek Bouncer
Today's bar has already surpassed the wick of your SS (on the AUD.US)
Attached Image (click to enlarge)
Click to Enlarge Name: aud.us.d.17sept.gif Size: 18 KB


I have to admit to having found your chart interesting when you posted it and I admit to often puszzling over inside bars - before remembering (I think) that Strat hasn't yet covered them on this thread(?) and therefore I shouldn't be puzzling over them at all! [The other puzzling thing about your chart is the fact that you have a black background and Strat hasn't told you off (he likes White backgrounds!)]

Certainly AUD.US is at an interesting level, having cleared the congestion area that capped the high to 94ish from sept 2009 through april 2010. This area corresponds to the peak in early Nov 2007 at 93.98 on my weekly chart - brown rectangles.
Attached Image (click to enlarge)
Click to Enlarge Name: aud.us.w.17sept.gif Size: 17 KB

The next peak in Feb 2008 at 94.96 on my charts(arrowed) appears to be the current target. After that, will it have the legs for the all time high, just shy of parity?
  • #14,011
  • Sep 17, 2010 7:58am Sep 17, 2010 7:58am
The attached chart just has to be a thing of beauty to behold.

Although the candle today is far from complete lets for the sake of this say it has.

The way price has retraced back to 1.4 pyscho just where it also finds our good friend the 20ma and today proceeds to continue on its journey south.

That my friends is tradeable PASR, and i will be doing something about that next week.

Larry
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.jpg Size: 114 KB
  • #14,012
  • Sep 17, 2010 9:27am Sep 17, 2010 9:27am
Quoting trogger
Today's bar has already surpassed the wick of your SS (on the AUD.US)
Attachment

I have to admit to having found...
Today's bar has already surpassed the wick of your SS (on the AUD.US)
But the bar hasn't closed yet and will not until NY closes this afternoon!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,013
  • Sep 17, 2010 9:28am Sep 17, 2010 9:28am
Hello! My 1st post here...i was advised to post here if i have a question rather than the thread i made. My question is...what is the trend here? In this timeframe, in this picture only (dont care what price does on the left of the FIBO either)! Is it up? Or is it down because it closed under the low labeled 'LOW'?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd1.gif Size: 28 KB
  • #14,014
  • Sep 17, 2010 9:31am Sep 17, 2010 9:31am
Quoting Rubens PP
Hi all,

Wandering through my charts i found this..
Does this Ib in a Ib coupled with a nice SS mean something??

We 'll see

Greek Bouncer
An IB means many things depending where it is in the current PRICE trend.

Since the Shooting Star is STILL in control, the IBs here are just PAUSE bars.

Always use controlling PA bars rather than trying to figure what other bars mean
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,015
  • Sep 17, 2010 9:52am Sep 17, 2010 9:52am
A student said "Let's play". I misunderstood him and thought he meant "Let's pray", so I sent him Strat's Forex Prayer:

Strat's Forex Prayer:

Our Market, which art in Trading, Forex be thy name, thy profits come, thy will be done, in profit as in loss.
Give us this day our Daily profit, and forgive us our Little People, as we forgive them that fight against us.
And lead us not into Get Rich Quick Schemes, but deliver us from short time frames.
For thine is the PASR, the power and the glory for ever and ever. Amen.

15 YEARS OF PASR ON FOREX FACTORY!
  • #14,016
  • Sep 17, 2010 9:54am Sep 17, 2010 9:54am
Quoting dorellino
Hi fartist, I'll answer to you and hope Strat ( not Start ) will agree with what I'm writing.
You have to read and enjoy the thread a bit more, probably.
We don't look at 4hr charts and we check charts after ny close, not few hours before news.
Anyway, news are part of the game but not really influencing the major trend, that is way you have to be prepared to trade what Boss and Big Boss are telling you and consider news as "noise" within the trend.
Hope to have clarified something
Best
Thanks! I'll take note of it
Whether you can or you can't, you are both right.
  • #14,017
  • Sep 17, 2010 10:02am Sep 17, 2010 10:02am
Quoting Activer
Hi Strat,

I saw many times that you said 'wait for PA ' or 'confirmation'

but I don't understand it very well. I got two pictures here :

1. GBP/USD Weekly, MAs show the down trend, but the last week bar up
break the MA50, and the MA20 is support.

2.Daily, the price sames turn up, at first MA 100 is Support then the price
up break the MA20,MA50,

So this is my question,
Does the bar of 9.15, which marked by a arrow , is a confirm?
This has been answered so many times - keep going backwards in the thread and you will find several pages discussing this in detail.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,018
  • Sep 17, 2010 10:03am Sep 17, 2010 10:03am
Quoting dorellino
Hi fartist, I'll answer to you and hope Strat ( not Start ) will agree with what I'm writing.
You have to read and enjoy the thread a bit more, probably.
We don't look at 4hr charts and we check charts after ny close, not few hours before news.
Anyway, news are part of the game but not really influencing the major trend, that is way you have to be prepared to trade what Boss and Big Boss are telling you and consider news as "noise" within the trend.
Hope to have clarified something
Best
Good answer, thank you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,019
  • Sep 17, 2010 10:11am Sep 17, 2010 10:11am
Quoting Alexone
Hello! My 1st post here...i was advised to post here if i have a question rather than the thread i made. My question is...what is the trend here? In this timeframe, in this picture only (dont care what price does on the left of the FIBO either)! Is it up? Or is it down because it closed under the low labeled 'LOW'?
Rather than spoon feed you with the answer, YOU do the WORK and see if you can answer it yourself.

Go to Page 1 of this thread where you will find details on Swing determination. Read and UNDERSTAND that and YOU will know the answer.

If you want to learn about time frames and trends or more important, learn how to trade for consistent profits, start on Post #1, Page 1 and keep reading and UNDERSTANDING until you get back HERE.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,020
  • Sep 17, 2010 10:14am Sep 17, 2010 10:14am
Quoting strat
This has been answered so many times - keep going backwards in the thread and you will find several pages discussing this in detail.
Yes, I had try to find it. but it's very hard for me.

I will try again.
Try to understand English Try to understand Forex
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