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  • #14,621
  • Oct 26, 2010 11:33am Oct 26, 2010 11:33am
GBPCAD is still obeying the trendlines.

Yep I know its an 8H chart but I drop down tf's to watch PA.

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  • #14,622
  • Oct 27, 2010 1:06pm Oct 27, 2010 1:06pm
the candle is not yet closed ...
could be an interesting setup
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  • #14,623
  • Oct 27, 2010 4:02pm Oct 27, 2010 4:02pm
Quoting extraneo
the candle is not yet closed ...
could be an interesting setup
now, candle is closed: doji, not SS....
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  • #14,624
  • Oct 27, 2010 4:05pm Oct 27, 2010 4:05pm
Quoting extraneo
the candle is not yet closed ...
could be an interesting setup
It closed as a doji. Its just a pause. Better wait for further PA if you want to short it.
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  • #14,625
  • Oct 27, 2010 4:12pm Oct 27, 2010 4:12pm
Quoting hcristea
It closed as a doji. Its just a pause. Better wait for further PA if you want to short it.
  • #14,626
  • Oct 27, 2010 4:48pm Oct 27, 2010 4:48pm
Quoting stewrigh
Still watching - It's got to make it's bloody mind up soon -

Attachment
Does it get any better than this??

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  • #14,627
  • Oct 27, 2010 9:46pm Oct 27, 2010 9:46pm
Even though there were several 'take the trade' signs off of the BUOB on the daily, my gut said stay out. . Will keep an eye on it too. Looks at this time that the buyers are going to try again.
  • #14,628
  • Oct 28, 2010 12:13am Oct 28, 2010 12:13am
Where is Mr Strat?
  • #14,629
  • Oct 28, 2010 7:49am Oct 28, 2010 7:49am
Quoting sf73
Where is Mr Strat?
Still hhere
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,630
  • Oct 28, 2010 8:00am Oct 28, 2010 8:00am
hello traders, finished studying the thread. thank you everyone for your participation. will be contributing if there is something to say.
  • #14,631
  • Oct 28, 2010 8:38am Oct 28, 2010 8:38am
Quoting zzz
hello traders, finished studying the thread. thank you everyone for your participation. will be contributing if there is something to say.
Now comes the hard part - applying what you have learned under trading conditions
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,632
  • Oct 28, 2010 8:14pm Oct 28, 2010 8:14pm
hi strat,

can i confirm my understanding for this particular pair.

big boss, boss, worker finally in alignment now? (provided it stays the way for today)

thanks
  • #14,633
  • Oct 28, 2010 9:41pm Oct 28, 2010 9:41pm
Quoting miracle16
hi strat,

can i confirm my understanding for this particular pair.

big boss, boss, worker finally in alignment now? (provided it stays the way for today)

thanks

Yep, You've got it.

Price is running into minor R at the moment.
  • #14,634
  • Oct 28, 2010 9:56pm Oct 28, 2010 9:56pm
Sorry to see the thread slow so much. Been a lurker for quite some time now, even if strat hates it, and hope this thread doesn't die. I have enjoyed the teachings thus far!
  • #14,635
  • Oct 28, 2010 10:51pm Oct 28, 2010 10:51pm
Quoting CrudeCraig
Yep, You've got it.

Price is running into minor R at the moment.

So, just have to go long with a 10000 pip stop against 8 sept low of 1.2760 then?
  • #14,636
  • Oct 28, 2010 11:23pm Oct 28, 2010 11:23pm
Quoting trogger
So, just have to go long with a 10000 pip stop against 8 sept low of 1.2760 then?
no the last HL was 12 Oct so what we need to do is wait for good PASR to go long and then place our SL below that HL.
Anyone correct me if i am wrong.
  • #14,637
  • Oct 29, 2010 12:13am Oct 29, 2010 12:13am
Yep I accept the immediate trend is up.

But this is what I see......

Longer term the trend is still down. The most important thing with this pair is patience - it will revert to trend eventually - just be patient..

The fundamentals also support a weaker Euro, IMO.

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  • #14,638
  • Oct 29, 2010 12:35am Oct 29, 2010 12:35am
hi stewrigh

could you share with me your rationale why fundamentals support a weaker euro relative to franc?
  • #14,639
  • Oct 29, 2010 1:05am Oct 29, 2010 1:05am
Quoting miracle16
hi stewrigh

could you share with me your rationale why fundamentals support a weaker euro relative to franc?

Euro - PIIGS is the big one and this will blow eventually. ATM Germany is supporting the rest of Europe and this is unsustainable, eventually they will get fed up bailing out the peripheral countries.

CHF - Safe-haven status - the CB is highly regarded and the Swissie is probly the only currency still on a de-facto Gold standard. Even the Germans are putting their money in Switzerland.

Just my opinion tho.
  • #14,640
  • Oct 29, 2010 8:43am Oct 29, 2010 8:43am
Quoting miracle16
hi strat,

can i confirm my understanding for this particular pair.

big boss, boss, worker finally in alignment now? (provided it stays the way for today)

thanks
Yes but approaching major TLs
15 YEARS OF PASR ON FOREX FACTORY!
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