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  • #14,821
  • Nov 23, 2010 9:17am Nov 23, 2010 9:17am
Quoting stewrigh
Yep but when learning to fish its not very useful if you only learn how to gut them.

You need to learn how to cast the net first.
The net was cast with the Shooting Star at confluence of R, 61.8% Ice Cream man, TLs - what more do you want? This is BASIC PASR.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,822
  • Nov 23, 2010 9:19am Nov 23, 2010 9:19am
Quoting Money Magnet
Not a pair I normally follow, but it was posted in plenty of time my entry would have been at the black line, in line with Strat's teachings.
Price had broken support, a nice trade.
Your doji was a Shooting Star on my data and my entry was therefore below that.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,823
  • Nov 23, 2010 9:22am Nov 23, 2010 9:22am
Quoting kalvind
That black line would be in 20ema & 50ema trap, his teachings say not to trade in this gap?
You are correct for those learning basic PASR. Students with PASR experience can read the confluence of R at the doji and use it as a Shooting Star or wait for confirmation, as in this case.

It's all a question of experience, safety and risk.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,824
  • Nov 23, 2010 9:24am Nov 23, 2010 9:24am
Quoting vienna_wein
Update:
Currently, the gain is 120+ pips. It has tested the BOSS 20 and seems to have penetrated it. I set stop loss to break even as planned and is now a free trade. Take profit is about another 80 pips away. Not sure if I should trail the profit....
This earns a pat on the back!

To trail or not to trail is your choice - what does your PLAN say?
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,825
  • Nov 23, 2010 10:18am Nov 23, 2010 10:18am
Quoting strat
The net was cast with the Shooting Star at confluence of R, 61.8% Ice Cream man, TLs - what more do you want? This is BASIC PASR.
Ok another foot-in-mouth moment - post deleted.
  • #14,826
  • Nov 23, 2010 8:27pm Nov 23, 2010 8:27pm
Quoting strat
This earns a pat on the back!

To trail or not to trail is your choice - what does your PLAN say?
Thanks Strat. My plan did not include trailing, but I think I will include it in the future. It hit my take profit for 200 pips gain. That seems to be too easy and may be just my beginner's luck, but it sure is encouraging.
  • #14,827
  • Nov 23, 2010 9:19pm Nov 23, 2010 9:19pm
Hi everyone...

I'd like to know about commercial forum usage.
Suppose if wanna show my trading performance for account managing / PAMM investment, should I join as a commercial member?
Please show me the link in this forum that contain of publishing material related to PAMM account / trading performance of account manager...

Your answers will really helping...
  • #14,828
  • Nov 23, 2010 10:27pm Nov 23, 2010 10:27pm
Quoting strat
You are correct for those learning basic PASR. Students with PASR experience can read the confluence of R at the doji and use it as a Shooting Star or wait for confirmation, as in this case.

It's all a question of experience, safety and risk.
hi,strat,how can i find the S/R in the chart,can you share the link, is that all the information in your website to learn???
  • #14,829
  • Nov 23, 2010 11:53pm Nov 23, 2010 11:53pm
Quoting lucas101
hi,strat,how can i find the S/R in the chart,can you share the link, is that all the information in your website to learn???

http://www.forexfactory.com/showpost...ostcount=14761

http://www.forexfactory.com/showpost...ostcount=14762
  • #14,830
  • Nov 24, 2010 8:11am Nov 24, 2010 8:11am
Waiting to see as Mr Strat says...
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  • #14,831
  • Nov 24, 2010 8:52am Nov 24, 2010 8:52am
Quoting lucas101
hi,strat,how can i find the S/R in the chart,can you share the link, is that all the information in your website to learn???
Yes, that and 989 pages on this thread and thousands of hours studying thousands of charts
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,832
  • Nov 24, 2010 8:54am Nov 24, 2010 8:54am
Quoting sf73
Waiting to see as Mr Strat says...
Waiting (Patience) is a very important but difficult attribute to learn
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,833
  • Nov 24, 2010 10:36pm Nov 24, 2010 10:36pm
nice entry into an established trend. trendline, ice cream man, hammer, 20 - all lined up to support.
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  • #14,834
  • Nov 24, 2010 11:17pm Nov 24, 2010 11:17pm
Quoting zzz
nice entry into an established trend. trendline, ice cream man, hammer, 20 - all lined up to support.
Can you explain what the "ice cream" man stand for?

The worker is fighting the boss, thus we can not initiate a long trade,am I right?
  • #14,835
  • Nov 25, 2010 2:59am Nov 25, 2010 2:59am
Quoting zzz
nice entry into an established trend. trendline, ice cream man, hammer, 20 - all lined up to support.
Looks like a good opportunity.
  • #14,836
  • Nov 25, 2010 5:39am Nov 25, 2010 5:39am
Quoting sf73
Can you explain what the "ice cream" man stand for?

The worker is fighting the boss, thus we can not initiate a long trade,am I right?

Spot on!
Plus, there is this BIG down TL around 1.60 area, blocking higher prices

Greek bouncer
  • #14,837
  • Nov 25, 2010 6:00am Nov 25, 2010 6:00am
Quoting zzz
nice entry into an established trend. trendline, ice cream man, hammer, 20 - all lined up to support.
I would need to see price above 1.58, then I maybe interested.
  • #14,838
  • Nov 25, 2010 8:00am Nov 25, 2010 8:00am
Quoting Rubens PP
Spot on!
Plus, there is this BIG down TL around 1.60 area, blocking higher prices

Greek bouncer
since i am trading to the first resistance only, i believe it is a safe trade till about 1.5900 area minimum which makes it 1:1 trade. there is also a newly developed up trend line and rising highs and lows. what we are doing here is we are buying a deep in the already existing uptrend. since the hammer's top is broken now, the low of that hammer became confirmed HL.
  • #14,839
  • Nov 25, 2010 8:03am Nov 25, 2010 8:03am
Quoting sf73
Can you explain what the "ice cream" man stand for?
fibonacci retracements
  • #14,840
  • Nov 25, 2010 9:52am Nov 25, 2010 9:52am
Quoting zzz
since i am trading to the first resistance only, i believe it is a safe trade till about 1.5900 area minimum which makes it 1:1 trade. there is also a newly developed up trend line and rising highs and lows. what we are doing here is we are buying a deep in the already existing uptrend. since the hammer's top is broken now, the low of that hammer became confirmed HL.
dude....i would love to post a chart for u right now but i am simply too lAzy. so pls do yrself a favour and check the worker n boss for potential resistance first before you take a long position.
=)
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