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  • #14,101
  • Sep 22, 2010 5:31am Sep 22, 2010 5:31am
Quoting kratun
Eur facing strong resistance in my opinion, if this level holds that would be a nice opportunity for sellers to come into play.
Yes I expect R at that level, if the sellers come into play then I mentioned I would wait for the weekly close and what it does around my blue support line I drew on the worker to watch for a HL or LL.
  • #14,102
  • Sep 22, 2010 5:43am Sep 22, 2010 5:43am
Quoting beehivesjoe
my dad has been trying to learn to trade also and he's trading the 30 second, 1 minute and 5 minute charts. I told him that the daily/weekly are the way to go after reading your thread and he just laughed at me. He said
"Why would you only make a few trades and have a huge loss when you could just ride the intraday moves, if you have 100k and I have a 100k and you trade the daily/weekly and I trade intraday I will make it to 1 million way faster then you because common sense would tell you if you're trading the intra day you're making a lot more...
What strategy is your Dad using if you could please share with us, but no matter what, in the longer run he will be a loser and if you adopt end of day strategy with PASR you will be successful trader your Dad wish to follow.
  • #14,103
  • Sep 22, 2010 5:46am Sep 22, 2010 5:46am
Quoting Khurr@m
hi Strat and all,

this is my first trade in last two and half weeks. i am confused if its a Strat's PASR trade or not. anyways i took the trade for following reasons

-
comments and critisim are required from all of you.

A Newbie Trader
Khurram paa jee,
May be for some it is counter trend but I think it was a good trade. After major retracement it is going back up and you took the advantage of it. I see resistance very close to what I see on you chart. As I am at work therefore, can't say what the price is now but it was very close on your chart.
  • #14,104
  • Sep 22, 2010 5:48am Sep 22, 2010 5:48am
Quoting glasso
Boss: Last week candle closed above high of candle 05/09, swing low was confirmed.
Worker: I see BUOB at 20EMA, minor support 1.3120
I have a trade long this pair, I expect to go up 1.37ish
Comments welcome!
I see Boss 50 135ish good resistance.and the trend is ?...........
  • #14,105
  • Sep 22, 2010 5:58am Sep 22, 2010 5:58am
Quoting kalvind
Yes I expect R at that level, if the sellers come into play then I mentioned I would wait for the weekly close and what it does around my blue support line I drew on the worker to watch for a HL or LL.
Very nice Kalvind , wish u luck whatever your desicion is.See u all next month trade well..
  • #14,106
  • Sep 22, 2010 6:14am Sep 22, 2010 6:14am
Quoting beehivesjoe
I've been struggling trading for a few months now. I've been researching indicators trying to make the perfect system for about a year now. After reading a few price action posts I've realized how foolish I am!

After reading your post that Ol' Joe said I couldn't stop thinking about it.. hes so right! Why in the world have I been shorting when it's going up.. and selling when it's been going down! Such a newb..

Anyways I've been very interested in your thread and am only on page 30 as of now.. my dad has been trying to learn to trade also...
many of us have lost money with indicators and short TF;
Fortunately now we are here to try to understand what the trend and candles tell us
  • #14,107
  • Sep 22, 2010 9:00am Sep 22, 2010 9:00am
Quoting beehivesjoe
I've been struggling trading for a few months now. I've been researching indicators trying to make the perfect system for about a year now. After reading a few price action posts I've realized how foolish I am!...
Just make sure your father has very good medical insurance as he will need it when he CRASHES & BURNS as all short time frame novices do.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,108
  • Sep 22, 2010 9:06am Sep 22, 2010 9:06am
Quoting glasso
Boss: Last week candle closed above high of candle 05/09, swing low was confirmed.
Worker: I see BUOB at 20EMA, minor support 1.3120
I have a trade long this pair, I expect to go up 1.37ish
Comments welcome!
Re- read the thread but this time UNDERSTAND.

We don't trade when PRICE is in the 20/50 trap.

Also, out of all the EURanything pairs which are bullish because of the US doom and gloom from FMOC, you chose the one pair, EURCHF, which is not affected and instead is fighting its major European competitor - CHF.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,109
  • Sep 22, 2010 9:08am Sep 22, 2010 9:08am
Quoting miracle16
am also looking at this pair
however the beob on monthly has me distracted to go long.
Very good observation
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,110
  • Sep 22, 2010 9:23am Sep 22, 2010 9:23am
Quoting simpleman
What strategy is your Dad using if you could please share with us, but no matter what, in the longer run he will be a loser and if you adopt end of day strategy with PASR you will be successful trader your Dad wish to follow.
Who the hell cares what strategy he is using?

The point is he won't last! He will either blow his account or they will carry him out in a box.

Let's see which one he chooses!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,111
  • Sep 22, 2010 10:00am Sep 22, 2010 10:00am
Quoting strat
Who the hell cares what strategy he is using?

The point is he won't last! He will either blow his account or they will carry him out in a box.

Let's see which one he chooses!

Haha strat I love your personality! You are so blunt, but nice. Keep up the good work. It's going to take me weeks to finish this entire thread. I still haven't even found the pasr or whatever you guys are trading Hope you guys are still talking on the thread by the time I find it so I can post charts and observations also!

Runnin Crazy
Joe
  • #14,112
  • Sep 22, 2010 10:25am Sep 22, 2010 10:25am
Quoting strat
Re- read the thread but this time UNDERSTAND.

We don't trade when PRICE is in the 20/50 trap.

Also, out of all the EURanything pairs which are bullish because of the US doom and gloom from FMOC, you chose the one pair, EURCHF, which is not affected and instead is fighting its major European competitor - CHF.
Strat, thanks very much for your feeback! I'll re-read and understand the thread.
  • #14,113
  • Sep 22, 2010 10:28am Sep 22, 2010 10:28am
Quoting CrudeCraig
50 is acting as R and price is trapped in between the 20 and 50

Both are deal breakers!

Also look at the two large tails on the boss chart this could turn into a trading range.
Quoting simpleman
I see Boss 50 135ish good resistance.and the trend is ?...........
CrudeCraig, simpleman,
I'll note this things, 20 & 50 MA. Thanks a lot!
  • #14,114
  • Sep 22, 2010 12:35pm Sep 22, 2010 12:35pm
Quoting beehivesjoe
Haha strat I love your personality! You are so blunt, but nice. Keep up the good work. It's going to take me weeks to finish this entire thread. I still haven't even found the pasr or whatever you guys are trading Hope you guys are still talking on the thread by the time I find it so I can post charts and observations also!

Runnin Crazy
Joe
pasr? pasr? pasr?

Give it the glory and respect it deserves - PASR
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,115
  • Sep 22, 2010 12:59pm Sep 22, 2010 12:59pm
Let's see what happens!
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  • #14,116
  • Sep 22, 2010 1:02pm Sep 22, 2010 1:02pm
Quoting euro_dude
Let's see what happens!
Very good!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,117
  • Sep 22, 2010 3:55pm Sep 22, 2010 3:55pm
Big Boys are still selling.............
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  • #14,118
  • Sep 22, 2010 10:34pm Sep 22, 2010 10:34pm
I know this is off topic but it's really not. I'm on page 39 and you tell us to go look at jackos thread on page 444. I went and took a look at it and he's a scammer everyone is saying?

You brought up Jacko many times early on in this thread? Was he a total joke or did he actually no what he was doing? I can't believe someone would do something like that. I don't mean to interupt this great thread I was just wondering if I should ignore everything said about Jacko and how great he was?

That must have been hard when you found out who he really was..

Joe
  • #14,119
  • Sep 22, 2010 11:21pm Sep 22, 2010 11:21pm
Just checking in. I wonder if anybody remembers this trendline I posted in May?

Roy
Attached Image (click to enlarge)
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Polishing my crystal ball
  • #14,120
  • Sep 22, 2010 11:39pm Sep 22, 2010 11:39pm
Quoting beehivesjoe
Haha strat I love your personality! You are so blunt, but nice. Keep up the good work. It's going to take me weeks to finish this entire thread. I still haven't even found the pasr or whatever you guys are trading Hope you guys are still talking on the thread by the time I find it so I can post charts and observations also!

Runnin Crazy
Joe

I still haven't even found the pasr or whatever you guys are trading

Umm.... I hate to burst your bubble, but you better reread post 1 until the "it" clicks.
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