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  • #14,341
  • Sep 30, 2010 10:21am Sep 30, 2010 10:21am
Quoting lite27
Dear Strat, can you post your opinion about euro/usd pair long term trend? BB shows lower highs and lower lows,so as I understand long tem trend for euro is Down,but taking in account Bernanke intensions for new round of money printing and the big flag pattern formed on the big boss, it look likes as continuation of euro multiyear Uptrend after this flag would be probably broken? Please, help me to solve this dilema. Thank you very much for your wonderfull thread! My respect
This thread is NOT a signal service. This thread is for teaching students my PASR method. By learning my PASR method they are able to answer themselves your questions.

Hopefully your questions will be answered by the many other threads you have inquired on.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,342
  • Sep 30, 2010 10:21am Sep 30, 2010 10:21am
As a slow reader I want to thank Strat yet again, and now especially Alexandra, CrudeCraig and Simple.

AUDJPY was a clear daily buy before reading this thread, but as I watched it this morning dropping, I noticed how important the Boss candle is and how that has to be cleared.

It all starts to make sense. What a rock-solid way to trade.....pheeeww !

Thank you.

( high of bearish Boss candle is @ 81.73 )
Be like water.
  • #14,343
  • Sep 30, 2010 11:23am Sep 30, 2010 11:23am
Watching very closely, Let's see what PA we get.
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  • #14,344
  • Sep 30, 2010 11:23am Sep 30, 2010 11:23am
Quoting strat
This thread is NOT a signal service. This thread is for teaching students my PASR method. By learning my PASR method they are able to answer themselves your questions.

Hopefully your questions will be answered by the many other threads you have inquired on.

the learning is not easy and requires a lot of work on our part,
no free lunches,
we must learn to walk with our legs
  • #14,345
  • Sep 30, 2010 11:29am Sep 30, 2010 11:29am
Quoting simpleman
Watching very closely, Let's see what PA we get.
Which direction you're watching?
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #14,346
  • Sep 30, 2010 11:33am Sep 30, 2010 11:33am
Quoting soso
Which direction you're watching?
long, I think
there's a strong uptrend
  • #14,347
  • Sep 30, 2010 11:36am Sep 30, 2010 11:36am
Quoting msmarple
As a slow reader I want to thank Strat yet again, and now especially Alexandra, CrudeCraig and Simple.

AUDJPY was a clear daily buy before reading this thread, but as I watched it this morning dropping, I noticed how important the Boss candle is and how that has to be cleared.

It all starts to make sense. What a rock-solid way to trade.....pheeeww !

Thank you.

( high of bearish Boss candle is @ 81.73 )
Hello, can you elaborate a bit?
What I see, and I'm still kind of a blindfold newbee, is a mixed bullish BB with August indecision inside bar and a clearly bullish established B.
B is not completed yet, it is Thursday, so I would not take it as a statement (or not?...)
Also there is resistance at 80.70

Thanks
M
  • #14,348
  • Sep 30, 2010 11:59am Sep 30, 2010 11:59am
Quoting soso
Which direction you're watching?
Long above 114 and with solid PA target BE initially.
  • #14,349
  • Sep 30, 2010 12:30pm Sep 30, 2010 12:30pm
Quoting simpleman
Long above 114 and with solid PA target BE initially.
Now I am still very new at this but I am not really seeing what you are seeing which is very optimistic for a long position....
First I see the overall trend is down on the weekly and monthly...... price is still below the 50 and barely breaking through the 20 on the weekly....
Also it is hitting an area of minor support turned minor resistance.

My take on this would be stand aside and let things develop a bit more than 114.

But like I said I am still real new here so additional explanation would be appreciated to help me see this a bit more clearly.

strat your input here would be appreciated as well if you care to correct me on my observations... Thank's
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  • #14,350
  • Sep 30, 2010 12:44pm Sep 30, 2010 12:44pm
Quoting tradestar1
Now I am still very new at this but I am not really seeing what you are seeing which is very optimistic for a long position....
First I see the overall trend is down on the weekly and monthly...... price is still below the 50 and barely breaking through the 20....
Also it is hitting an area of minor support turned minor resistance.

My take on this would be stand aside and let things develop a bit more than 114.

But like I said I am still real new here so additional explanation would be appreciated to help me see this a bit more clearly.

strat...
First, we never guess direction - we let PASR show the way - we only want to trade in the direction of the big boys so we follow their footprints where and whenever they go.

Big Boss in immediate UP trend but held by R at 114

Boss UP trend has run out of steam at 114

Worker just waiting below 114 for orders from her Bosses.

There is nothing to do on this pair UNTIL we see PA in any direction at 114.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,351
  • Sep 30, 2010 1:06pm Sep 30, 2010 1:06pm
Quoting strat
First, we never guess direction - we let PASR show the way - we only want to trade in the direction of the big boys so we follow their footprints where and whenever they go.

Big Boss in immediate UP trend but held by R at 114

Boss UP trend has run out of steam at 114

Worker just waiting below 114 for orders from her Bosses.

There is nothing to do on this pair UNTIL we see PA in any direction at 114.
OK, Now this is where I am having some difficulty, apparently I do not yet fully understand what the BB is doing here ..... I will go back and try to find and clear up the definition of BB and see if I can see what he is up to.

Bottom line though is that I would not enter into this trade, long or short until it has a bit more clarity on it's direction,

I shall return, Rock on
  • #14,352
  • Sep 30, 2010 2:52pm Sep 30, 2010 2:52pm
I sent this to a few other people and Strat and was asked to post it on the general thread for others to see.

Stop for a moment and read it and don't think so hard about the specific facts of Strat's method. Think about the general method of trading, If it's up buy, if it's down sell.

____________
Forward

I wanted to post this as perhaps a confirmation of sorts. I hope it helps your mind set as you (we) continue to learn to trade.

----

I've been very busy recently. I've not been able to post much and my active studying time has been significantly reduced. Since I was unable to study, I chose to ponder what I've learned.

I began this journey in the latter part of 2008 and began 'formally' studying trading in April of 2009, when I found Strat's thread. Each month, I learned new and amazing secrets and thought that would be what I needed to become a trader. Yet I was still not profitable.

Each month, I continued to learn even more amazing secrets and looked back on previous months and marveled that I thought I knew enough.

Since I have not been able to cram more facts into my brain from lack of time, I've been able to digest some of those secrets and realized that I didn't really know what I thought I knew...

I'm beginning to realize that:

1. I will never know everything there is to know about trading.
2. Each month, I will always learn new and amazing secrets.
3. Each new and amazing secret, while amazing in and of itself, isn't going to make me profitable.
4. It isn't the text of the teaching that is being taught, it's the method and mindset.

For some it comes fast and others slow. I am one of the slow ones yet I know I will get there.

All of these questions that you all and I both have about specific 'how to's', don't really matter. The more I learn, I finally see what it means to "If it's going up, buy and if it's going down sell." This very thought is what has initiated my last trades; GBPUSD in particular.

It's as simple as GBPUSD is going up. Look for the best place to get in (PA at S/R) and ride it up. Yes, the resistances come into play and obviously buying right under a major one would not be a good place to get in but in general, it's going up! Buy it until it stops going up. If you get stopped out look for another place to buy it. (It's still going up by the way http://www.stratsforextrading.com/ph...con_e_wink.gif )

I'm not really talking about a specific trade here, I'm talking about mentally grasping the real 'meaning' of the method of trading.

The last part is, even though I've been plugging away at this for almost 2 years (a tiny fraction of what Strat has put into it), I'm getting somewhere (thanks to Strat) but it's still hard. I'm telling you all of this so that you will feel some sense that you aren't alone in struggling to learn and that you are not alone if you feel like the fountain of knowledge is really a fire hose blast that never ends!

Stay the course and hold the line. We are the 5%.

-Marcus
  • #14,353
  • Sep 30, 2010 3:10pm Sep 30, 2010 3:10pm
Just wanted to say thank to Strat and Marcus.
Max
  • #14,354
  • Sep 30, 2010 3:54pm Sep 30, 2010 3:54pm
Quoting CrudeCraig
Sunday bars are only from Auckland NZ market open 5:00PM NY time to about 2-3 hrs after if i remember correctly.
So does that mean we should ignore them as far as making a trading decision since they are only 2 hours worth of data and not a full trading day?
  • #14,355
  • Edited 7:00pm Sep 30, 2010 4:39pm | Edited 7:00pm
If geometry was not an opinion, which unfortunately on the market IT IS, something could be happening soon.
Godspeed
Max
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  • #14,356
  • Sep 30, 2010 8:35pm Sep 30, 2010 8:35pm
Quoting TrendTradr
So does that mean we should ignore them as far as making a trading decision since they are only 2 hours worth of data and not a full trading day?
I know this has been answered by Strat already but he will trade them on occasion when everything lines up but me personally i do not trade them as it is more in the line of advanced trading.

I would recommend ignoring them until you understand them.
  • #14,357
  • Sep 30, 2010 9:48pm Sep 30, 2010 9:48pm
Quoting mstandifer
I sent this to a few other people and Strat and was asked to post it on the general thread for others to see....

Beautiful post, Sir. Thank you.
  • #14,358
  • Oct 1, 2010 1:54am Oct 1, 2010 1:54am
We now have to wait another month for confirmation of a change in trend, the only possible action on this pair is a downward move with the trend once it trades above the 20. At the moment there are better pairs than this!
  • #14,359
  • Oct 1, 2010 4:00am Oct 1, 2010 4:00am
Hi all.

I'm new to posting on this thread but have been reading it from the start and am only about 40 pages in. Already taken on board loads so a massive thank you to Strat and all on here for sharing their knowledge.

I wanted to get your opinions on the current AUD/USD situation. I'm in a long at the moment and 500pips to the good but there is major resistance approaching from July 2008!
Should I grab my 500 pips or do we think it's going to break through an continue on it's merry way up?
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Study enough and it all starts looking like the Matrix...
  • #14,360
  • Oct 1, 2010 5:30am Oct 1, 2010 5:30am
Quoting samsonwebdes
Hi all.

I'm new to posting on this thread but have been reading it from the start and am only about 40 pages in. Already taken on board loads so a massive thank you to Strat and all on here for sharing their knowledge.

I wanted to get your opinions on the current AUD/USD situation. I'm in a long at the moment and 500pips to the good but there is major resistance approaching from July 2008!
Should I grab my 500 pips or do we think it's going to break through an continue on it's merry way up?
Hi! As Strat said few post earlier this thread is not a signal service,so nobody will tell you what to do.Keep read and understand slowly all the thread and yourself will find many post about entry and exit point ,money managemant,etc.Don't rush,take all the time you need.Thanks.
P.S. If your broker show-0.97000-you will have 50 pips not 500.
My humble opinion.
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