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  • #14,841
  • Nov 25, 2010 3:28pm Nov 25, 2010 3:28pm
Big boss is bulish hammer at 0.98
Boss immediate trend is up last three candles
Worker 2 days ago was engulfing bar, yesterday bar looks like hammer and today bar is bullish engulfing
EMA20 overruns EMA50 and price is supported by 0.9860

Action: Buy stop at 1.0030, SL 0.9840, TP 1.0500
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ufw.gif Size: 23 KB
  • #14,842
  • Nov 25, 2010 5:09pm Nov 25, 2010 5:09pm
I am watching this pair, too.

Things that make me avoid going long are:

1. End of week & soon end of month

2. 10050 strong R ( 50% fib from last confirmed swing, BB and B R, boss 20)

3. Never buy at R as Mr Strat shouts

Patience to see what will happen at R
  • #14,843
  • Nov 25, 2010 11:53pm Nov 25, 2010 11:53pm
Quoting Milan
Big boss is bulish hammer at 0.98
Boss immediate trend is up last three candles
Worker 2 days ago was engulfing bar, yesterday bar looks like hammer and today bar is bullish engulfing
EMA20 overruns EMA50 and price is supported by 0.9860
Action: Buy stop at 1.0030, SL 0.9840, TP 1.0500
milan, i think this is a risky trade. it is a breakout trade which is riskier than the pullback trades as strat pointed out to me few pages back. i think strat's method mostly uses pullback trades when price wins a new territory first and then pulls back. if it gives a safe pa setup at sr level with a decent rr, only then we can enter. if not, then we should wait for the next high probability setup. that's how i see a basic pasr method in a nutshell.
  • #14,844
  • Nov 26, 2010 2:23am Nov 26, 2010 2:23am
Quoting Milan
Big boss is bulish hammer at 0.98
Boss immediate trend is up last three candles
Worker 2 days ago was engulfing bar, yesterday bar looks like hammer and today bar is bullish engulfing
EMA20 overruns EMA50 and price is supported by 0.9860
Milan,
I agree with you but the BOSS has resistance just above at the 20ema/TL. I will wait until the weekly close to see id the momentum up lasts. The train is turning but wait for it to pick up some more speed.
Bye the way how did you get the shading between the 20/50ema's, it adds to the clarity of PASR.
Good luck with the trade, Kalvin
  • #14,845
  • Edited 3:10am Nov 26, 2010 3:08am | Edited 3:10am
Quoting kalvind
Milan,
I agree with you but the BOSS has resistance just above at the 20ema/TL. I will wait until the weekly close to see id the momentum up lasts. The train is turning but wait for it to pick up some more speed.
Bye the way how did you get the shading between the 20/50ema's, it adds to the clarity of PASR.
Good luck with the trade, Kalvin
Its a custom indicator with 4 EMAs, EMA20 and EMA50 drawn as histogram and EMA 20 and EMA50 drawn as line
Attached File(s)
File Type: mq4 MA_squeeze.mq4   2 KB | 735 downloads
  • #14,846
  • Nov 26, 2010 4:02am Nov 26, 2010 4:02am
Quoting Milan
Its a custom indicator with 4 EMAs, EMA20 and EMA50 drawn as histogram and EMA 20 and EMA50 drawn as line
Milan,
thanks for that.
Kalvin
  • #14,847
  • Nov 26, 2010 10:25am Nov 26, 2010 10:25am
Quoting zzz
nice entry into an established trend. trendline, ice cream man, hammer, 20 - all lined up to support.
Good example of a nice trade testing the limits but not caring because of the PLAN
  • #14,848
  • Nov 26, 2010 10:30am Nov 26, 2010 10:30am
Quoting forexample
Good example of a nice trade testing the limits but not caring because of the PLAN
but then you question your plan when you look at the weekly and think "actually that looks like a SS"

The monthly seems to have hit a bond hammer, weekly hammered out and bounced back and daily has been turning around so a long focus on PASR seems reasonable...but I think we need to wait for the weekly to align
  • #14,849
  • Nov 26, 2010 10:49am Nov 26, 2010 10:49am
EURCHF Road Map
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 34 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,850
  • Nov 26, 2010 3:15pm Nov 26, 2010 3:15pm
Quoting zzz
nice entry into an established trend. trendline, ice cream man, hammer, 20 - all lined up to support.
Did you zoom out to look at the "Big Picture"?

This pair is in a powerful and long term down trend.

The daily is in an Immediate down trend; see the red line.

To go long, means you would be counter to the long term and immediate down trends.

Better to wait till the three time frames are in sync, and all trends are in the same direction
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpchf monthly 26 november.jpg Size: 102 KB
Click to Enlarge Name: gbpchf weekly 26 november.jpg Size: 115 KB
Click to Enlarge Name: gbpchf daily 26 november.jpg Size: 128 KB
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #14,851
  • Nov 27, 2010 2:14am Nov 27, 2010 2:14am
Analysis

Boss: confirmed HHs (1,3) & confirmed HL (2). Price bounced of round number 1.34ish & closed 100 pips higher above round number 1.35. Last week immediate trend down.

Worker: BUOB with confirmation worker and boss immediate trend in harmony.

Plan:

Two buy orders by $1 at 1.3557
Stop loss at 1.3417 with Risk: 140 pips or $280
First position profit taking at 1.3667 Reward: 100 pips or $100
Move second position to break even at 1.3457 trailing the stop loss targeting at least above round number 1.40 to acheive R:R 1/2

Please comment on the above

Thanks
Attached Image (click to enlarge)
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  • #14,852
  • Nov 27, 2010 7:05am Nov 27, 2010 7:05am
Quoting sf73
Analysis

Boss: confirmed HHs (1,3) & confirmed HL (2). Price bounced of round number 1.34ish & closed 100 pips higher above round number 1.35. Last week immediate trend down.

Worker: BUOB with confirmation worker and boss immediate trend in harmony.

Plan:

Two buy orders by $1 at 1.3557
Stop loss at 1.3417 with Risk: 140 pips or $280
First position profit taking at 1.3667 Reward: 100 pips or $100
[size=2]Move second position to break even at 1.3457 trailing the stop loss targeting at least above...
For me a Buy here is certainly not on, I would need to see the price above 1.3680 to even consider long.
Big boss (two days left of the month) Beeb
Boss Beeb and support of 1.3680 has been broken.
Worker no low has been confirmed.
I would be looking for PA for short trades @ 1.3680
Attached Image (click to enlarge)
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  • #14,853
  • Edited 8:00am Nov 27, 2010 7:44am | Edited 8:00am
Quoting Money Magnet
For me a Buy here is certainly not on, I would need to see the price above 1.3680 to even consider long.
Big boss (two days left of the month) Beeb
Boss Beeb and support of 1.3680 has been broken.
Worker no low has been confirmed.
I would be looking for PA for short trades @ 1.3680
Thanks

Yes you are right 1.3680 is R now BUT R can become support. That is why in my plan I will bring the trade to break even at the specific R.

What if that in your chart is an uptrend channel?

Definitely the BB immediate trend is down & controls the B but this can change in the new month.
  • #14,854
  • Edited 9:25am Nov 27, 2010 8:59am | Edited 9:25am
Quoting No1Optimist
Did you zoom out to look at the "Big Picture"?
This pair is in a powerful and long term down trend.
The daily is in an Immediate down trend; see the red line.
To go long, means you would be counter to the long term and immediate down trends.
Better to wait till the three time frames are in sync, and all trends are in the same direction
thanks no1optimist for your answer, the trade does not look pretty now and i agree with all your points.
i saw the downwards pressure but also the move up seemed to be progressing.
keeping to study...
  • #14,855
  • Nov 27, 2010 9:48am Nov 27, 2010 9:48am
[quote=zzz;4202920]thanks no1optimist for your answer, the trade does not look pretty now and i agree with all your points.
i saw the downwards pressure but also the move up seemed to be progressing.


Hey ZZZ,

This attachment helps remind me what to look for in a trade,

Still studying as well, Poncho
" I can read the left side of the chart, the right side's a Bitch!
  • #14,856
  • Nov 27, 2010 9:50am Nov 27, 2010 9:50am
Sorry it didn't attach, here it is.
Attached Image (click to enlarge)
Click to Enlarge Name: power of time frames.gif Size: 26 KB
" I can read the left side of the chart, the right side's a Bitch!
  • #14,857
  • Nov 27, 2010 1:04pm Nov 27, 2010 1:04pm
Quoting poncho1
Hey ZZZ,

This attachment helps remind me what to look for in a trade,

Still studying as well, Poncho
Thanks Poncho, nice chart to check against, i agree.
  • #14,858
  • Nov 27, 2010 1:50pm Nov 27, 2010 1:50pm
Waiting for opportunity between 135-137 to go short OR 140+ to go long.
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  • #14,859
  • Nov 28, 2010 8:14am Nov 28, 2010 8:14am
Quoting simpleman
Waiting for opportunity between 135-137 to go short OR 140+ to go long.
That 1.37 area has resistance>>trendline retest>>50% fibo of the last movement. So that could be a nice short with a small sl
Attached Image (click to enlarge)
Click to Enlarge Name: eur cad 28 11.jpg Size: 226 KB
Spinner 'Tis in the Waiting.....
  • #14,860
  • Nov 28, 2010 11:06am Nov 28, 2010 11:06am
Thank you all for your replies. I take the fact that everyone agree that price will go to the 1.37 R which is consider a good opportunity to go short. But in the plan that I posted at 1.3667 I have a stress free trade.
Anyway opportunities will always be there and I will let this without any fee to prove the real intention of the market players.
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