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  • #14,721
  • Edited 1:37pm Nov 8, 2010 1:19pm | Edited 1:37pm
All is in place for higher prices to be expected. (PA on S+Both MA's)

However the big boss pattern of LH's and LL's and bounce-off major TL
will have me thinking twice before Longing this pair.

Greek Bouncer
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  • #14,722
  • Nov 8, 2010 3:04pm Nov 8, 2010 3:04pm
Hi Rubens PP, I was just wondering why you are ignoring the wicks of the monthly candles for your high/low analysis. Is it how it is supposed to be done? I would think that we can ignore the wicks on daily charts because they can represent the noise and stop runs, but for monthly we have to take the wicks into account, they can be hundreds of pips in size. It would not make any difference here but there are situations when it would make a difference in your conclusions.
  • #14,723
  • Nov 8, 2010 3:13pm Nov 8, 2010 3:13pm
However the big boss pattern of LH's and LL's and bounce-off major TL
will have me thinking twice before Longing this pair.

Exactly! Even a Greek Bouncer has to obey the Big Boss
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,724
  • Nov 8, 2010 4:48pm Nov 8, 2010 4:48pm
Quoting zzz
Hi Rubens PP, I was just wondering why you are ignoring the wicks of the monthly candles for your high/low analysis. Is it how it is supposed to be done? I would think that we can ignore the wicks on daily charts because they can represent the noise and stop runs, but for monthly we have to take the wicks into account, they can be hundreds of pips in size. It would not make any difference here but there are situations when it would make a difference in your conclusions.

Hi zzz,
Wicks are not ignored in any time frame. TLs are firstly drawn on Big Boss charts and then adjusted accordingly on Boss and Worker charts. An adjusted TL is what is shown here.

Greek Bouncer
  • #14,725
  • Nov 8, 2010 8:31pm Nov 8, 2010 8:31pm
hi Greek Bouncer, i was referring to the way you drew the black zigzag line on your chart. i would use wicks' extremes for drawing it although the message would be the same in this case.
  • #14,726
  • Nov 9, 2010 8:02am Nov 9, 2010 8:02am
I am reading thru the thread again and found a couple of examples of entries. I am confused with the idea of not buying into resistance and still getting into the strong trend.
Where would be the safest entries into this uptrend, for example?
Looks to me like one out of the four candles shown, although buying each of them would be buying into resistance.
I guess my question here is that if we don’t have a relatively deep retracement, giving us rr 1:1 minimum, we do have to buy into resistance in order to get in such a steep trend then?
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  • #14,727
  • Nov 9, 2010 8:26am Nov 9, 2010 8:26am
Quoting zzz
I am reading thru the thread again and found a couple of examples of entries. I am confused with the idea of not buying into resistance and still getting into the strong trend....
You would not be buying at resistance but above the current candle's high you have shown which look like hammer's by a few pips. Also you would be looking to buy after a confirmed LL.
Strat calls these wobbles which you get in a strong trend as profit is taken and there is some consolidation but the trend remains intact signaled by the Boss and Big Boss.
  • #14,728
  • Nov 9, 2010 8:32am Nov 9, 2010 8:32am
Quoting zzz
I am reading thru the thread again and found a couple of examples of entries. I am confused with the idea of not buying into resistance and still getting into the strong trend.
Where would be the safest entries into this uptrend, for example?
Looks to me like one out of the four candles shown, although buying each of them would be buying into resistance.
I guess my question here is that if we don’t have a relatively deep retracement, giving us rr 1:1 minimum, we do have to buy into resistance in order to get in such a steep trend then?
Make sure you read and UNDERSTAND Dr. Joe. Pay attention to the 20/50 what it shows and tells you, the stair stepping HH - HL, pull backs, and understand that for a trend to continue to make higher PRICES it must continue to break resistance (for an uptrend).
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,729
  • Nov 10, 2010 8:54am Nov 10, 2010 8:54am
Patience - Guns 'N' Roses

I love Patience she's wonderfullllll.

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  • #14,730
  • Nov 10, 2010 9:32am Nov 10, 2010 9:32am
Quoting strat
Make sure you read and UNDERSTAND Dr. Joe. Pay attention to the 20/50 what it shows and tells you, the stair stepping HH - HL, pull backs, and understand that for a trend to continue to make higher PRICES it must continue to break resistance (for an uptrend).
thanks you. i will study more the topics you suggested.
  • #14,731
  • Nov 10, 2010 2:38pm Nov 10, 2010 2:38pm
Quoting zzz
I am reading thru the thread again and found a couple of examples of entries. I am confused with the idea of not buying into resistance and still getting into the strong trend.
Where would be the safest entries into this uptrend, for example?
Looks to me like one out of the four candles shown, although buying each of them would be buying into resistance.
I guess my question here is that if we don’t have a relatively deep retracement, giving us rr 1:1 minimum, we do have to buy into resistance in order to get in such a steep trend then?
You missed one.

An entry point, above the 20EMA, following the 19 August (imperfect) hammer, would have been a good safe entry.
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #14,732
  • Nov 10, 2010 3:19pm Nov 10, 2010 3:19pm
Hello Mr. 50, I'm Mr. 20, let me take you for a walk back down to support
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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,733
  • Nov 10, 2010 3:46pm Nov 10, 2010 3:46pm
Double bottoms across all 3 time frames - watch for suitable PASR
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,734
  • Nov 10, 2010 3:49pm Nov 10, 2010 3:49pm
Hanging onto the Strat Shadow by the skin of its teeth!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,735
  • Nov 10, 2010 3:50pm Nov 10, 2010 3:50pm
Collect your tickets for psycho 135
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,736
  • Nov 10, 2010 4:40pm Nov 10, 2010 4:40pm
Short oportunity?

SS at R 0.975, confluence 20 + SR + 50 fibo. Boss imediate trend is bearish.
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  • #14,737
  • Edited 7:16pm Nov 10, 2010 5:16pm | Edited 7:16pm
Quoting hcristea
Short oportunity?

SS at R 0.975, confluence 20 + SR + 50 fibo. Boss imediate trend is bearish.

Hello hcristea,

It seems that price is trapped in a triangle (+ the worker has put on a HL). Maybe we should wait for the triangle to resolve first?

Greek Bouncer
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  • #14,738
  • Nov 10, 2010 8:09pm Nov 10, 2010 8:09pm
Quoting No1Optimist
You missed one.

An entry point, above the 20EMA, following the 19 August (imperfect) hammer, would have been a good safe entry.
yes no1 optimist i agree with you. if it was a hammer i would consider it to be an ideal entry into this trend. the way it looks would scare me off at the time, although you are further than me on the path so you probably see more.
  • #14,739
  • Nov 10, 2010 8:50pm Nov 10, 2010 8:50pm
with both, Big Boss and Boss being bullish, would it be pasr technically correct to buy a break of a last green daily candle confirming HL3? Take profit then could be 85ish for a beginner style trade.
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  • #14,740
  • Nov 10, 2010 10:37pm Nov 10, 2010 10:37pm
Still enjoying the holiday:

Quoting Alexandra
I may not post often, but I still watch, on occassion....
Best plan? Gosh - buy some A/J and go for a holiday.
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