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  • #14,561
  • Oct 18, 2010 1:38pm Oct 18, 2010 1:38pm
We could also see the cable in this way...
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  • #14,562
  • Oct 18, 2010 2:00pm Oct 18, 2010 2:00pm
Quoting extraneo
We could also see the cable in this way...
Yes, IF you had drawn it correctly - it should be pulled from the HIGH of 3 bars back - not that it makes a great deal of difference - just that your technique is incorrect
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,563
  • Oct 18, 2010 2:04pm Oct 18, 2010 2:04pm
Quoting strat
Yes, IF you had drawn it correctly - it should be pulled from the HIGH of 3 bars back - not that it makes a great deal of difference - just that your technique is incorrect
Thanks Strat
  • #14,564
  • Oct 18, 2010 2:12pm Oct 18, 2010 2:12pm
Quoting strat
For the followers of BRNs and the Italian Ice Cream man

I am quite keen on trading this back up to that red line of yours.

Greek Bouncer
  • #14,565
  • Oct 18, 2010 2:18pm Oct 18, 2010 2:18pm
Quoting strat
More BRNs and Italian Ice Cream
Hi Strathttp://cdn.forexfactory.com/images/icons/icon7.gif

USDJPY is still moving down, maybe the two hammers were not enough to reverse the move, or is this just a trap?

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon5.gif
Jideck
  • #14,566
  • Oct 18, 2010 2:28pm Oct 18, 2010 2:28pm
Hi Strat,

Are you and Jacko old mates? Jacko has ripped off a lot of people on Forex Factory according to his old thread.

I only ask as I see your post here


Thanks in advance for clarification of the above.

FXP
  • #14,567
  • Oct 18, 2010 2:39pm Oct 18, 2010 2:39pm
Quoting fxprocessor
Hi Strat,

Are you and Jacko old mates?

Thanks in advance for clarification of the above.

FXP
Only through an inter-change of non trading, humour related emails about his previous working life in the UK where the Brits gave him his nickname "Jacko" which is common for those with the surname "Jackson".
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,568
  • Oct 18, 2010 2:47pm Oct 18, 2010 2:47pm
Strat and gang,

I have followed this thread for over a year now, read several hundred pages, etc.. (Strat "The Path" on your site is well outlined. Thanks) Took some time off from trading to get adjusted to grad school, now reviewing this material things just started to click. I'm not going to lurk here anymore but rather be a contributing member. However, I currently need some advice.

Eur/Jpy
BB: Downtrend bouncing in a range last few months; BUEB last month..
B: Dominate Downtrend, Intermediate uptrend, immediate downtrend
W: Broke a lower high recently(114.73).. BEEB (friday) at SR 114.00 (FYI - this chart is from last night)

http://i203.photobucket.com/albums/a...Joct172010.jpg

Is there something wrong with my analysis and thinking because I'm confused here? I felt like this was a pullback and looking to stay short but does the monthly BUEB and break of the LH mean we are no longer agreeing and must wait until we have a clear view of what is happening?

Thanks

P.S. If something is wrong with my post let me know, I'm here to learn and help if I can. Excuse my charting I have to use web-based version currently.
  • #14,569
  • Oct 18, 2010 3:35pm Oct 18, 2010 3:35pm
Quoting strat
Only through an inter-change of non trading, humour related emails about his previous working life in the UK where the Brits gave him his nickname "Jacko" which is common for those with the surname "Jackson".
Sounds like the kind of information that his old "investors" could use. I will link to your post in his thread.

FXP
  • #14,570
  • Oct 18, 2010 3:50pm Oct 18, 2010 3:50pm
Quoting Jideck
Hi Strathttp://cdn.forexfactory.com/images/icons/icon7.gif

USDJPY is still moving down, maybe the two hammers were not enough to reverse the move, or is this just a trap?

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon5.gif
Jideck
The Bond hammer on Oct 15 is still controlling the Worker so until it loses control, PRICE can slide up and down 61 pips to its heart's content.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,571
  • Oct 18, 2010 4:16pm Oct 18, 2010 4:16pm
Quoting PipBadger
Strat and gang,

I have followed this thread for over a year now, read several hundred pages, etc.. (Strat "The Path" on your site is well outlined. Thanks) Took some time off from trading to get adjusted to grad school, now reviewing this material things just started to click. I'm not going to lurk here anymore but rather be a contributing member. However, I currently need some advice.

Eur/Jpy
BB: Downtrend bouncing in a range last few months; BUEB last month..
B: Dominate Downtrend, Intermediate uptrend, immediate downtrend
W: Broke a lower...
The Big Boss was rejected by resistance, the Boss is at support so the Worker, like most traders, is confused.

Wait for the time frames to align themselves in harmony
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,572
  • Oct 18, 2010 4:25pm Oct 18, 2010 4:25pm
Quoting strat
The Big Boss was rejected by resistance, the Boss is at support so the Worker, like most traders, is confused.

Wait for the time frames to align themselves in harmony
Thank you very much! Your thread has helped me more than can be told.

-Bryan
  • #14,573
  • Edited 12:28am Oct 19, 2010 12:14am | Edited 12:28am
Quoting strat
The Big Boss was rejected by resistance, the Boss is at support so the Worker, like most traders, is confused.

Wait for the time frames to align themselves in harmony
Hello Strat, imho BB and B are aligned.
Also, there is a confirmed swing high.
I something wrong?
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  • #14,574
  • Edited 1:22am Oct 19, 2010 12:45am | Edited 1:22am
Quoting extraneo
Hello Strat, imho BB and B are aligned.
Also, there is a confirmed swing high.
I something wrong?
Maybe a swing trap or a bulish flag or a 4th wave correction or a reaction before the action. I will wait for Mr Strats Harmony of time frames to buy the euro.
  • #14,575
  • Oct 19, 2010 3:16am Oct 19, 2010 3:16am
Strat,
can you please clarify the usage of Elliot Waves. In you earlier posts you refer to them and then came a post where you stated that on a certain chart it blew elliot wave theory out of the water.
Other members mention elliot waves, should we use them as another tool in the box after PASR has been mastered?
Your HH & HL system is a variation on the elliot "ABC" wave formation is this by design or coincidence?
Many thanks, Kalvin
  • #14,576
  • Oct 19, 2010 9:13am Oct 19, 2010 9:13am
Quoting extraneo
Hello Strat, imho BB and B are aligned.
Also, there is a confirmed swing high.
I something wrong?
You will always get it wrong using a line chart - my PASR method uses candlesticks which have OPEN, CLOSE, HIGH and LOW - your line chart only has close
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,577
  • Oct 19, 2010 9:21am Oct 19, 2010 9:21am
Quoting kalvind
Strat,
can you please clarify the usage of Elliot Waves. In you earlier posts you refer to them and then came a post where you stated that on a certain chart it blew elliot wave theory out of the water.
Other members mention elliot waves, should we use them as another tool in the box after PASR has been mastered?
Your HH & HL system is a variation on the elliot "ABC" wave formation is this by design or coincidence?
Many thanks, Kalvin
Elliott Waves are fantastic when the 5 wave sequence is obvious - usually in hindsight and after completion. Wave counting in REAL time is a nightmare - even the self professed experts, Frost and Prechter, can't agree between themselves or consistently get it right (Remember Frost's prediction for the DOW? - the talking heads are still laughing at him).

Markets do NOT always move in a 5 wave EW sequence but they do move in swings. Following swings is much more profitable and less stressful than worrying about which wave are we in.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,578
  • Oct 19, 2010 9:59am Oct 19, 2010 9:59am
I read the thread one time and I am reading the thread again. PASR is perfect. Waves & formations are just additional tools for me where PASR is the trigger.
  • #14,579
  • Oct 19, 2010 12:27pm Oct 19, 2010 12:27pm
19 October 2010
China makes surprise interest rate rise

Property prices in China's main cities remain high


China has raised interest rates for the first time since 2007, as it tries to rein in inflation and dampen its red-hot real estate market.


The People's Bank of China said it will raise its one-year lending rate to 5.6% from 5.31% and its one-year deposit rate to 2.5% from 2.25%.


This is the first time China has raised the cost of borrowing since onset of the global financial crisis.


The surprise move caught financial markets and investors off guard.


European and US stocks fell, with mining companies hit on fears that slower growth in China would hurt demand for raw materials.


The dollar rose as the rate rise made investors more risk averse. The dollar tends to be regarded as a relative safe haven in times of uncertainty.


Analysts said China had delayed raising rates fearing it could led to an influx of speculative money, making it more difficult to keep its currency stable.


Inflation has been picking up in recent months and property prices in major Chinese cities have remained high despite measures to prevent a bubble.


The government was also keen to rein in a recent surge in bank lending that could lead to the economy overheating.


"The government has given a strong signal that it would like credit growth to slow," said Mark Williams, China economist at Capital Economics.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,580
  • Oct 19, 2010 3:04pm Oct 19, 2010 3:04pm
Quoting strat
19 October 2010
China makes surprise interest rate rise

Property prices in China's main cities remain high


China has raised interest rates for the first time since 2007, as it tries to rein in inflation and dampen its red-hot real estate market.


The People's Bank of China said it will raise its one-year lending rate to 5.6% from 5.31% and its one-year deposit rate to 2.5% from 2.25%.


[font=Arial]This is the first time China has raised...
No wonder last night fall in EUR was quite big, bit will it be enough to stop the Price going up?
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