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  • #14,941
  • Dec 15, 2010 3:13pm Dec 15, 2010 3:13pm
The yesterday's BEEB was a short signal. Lets see if the price goes until 1.535 and what PA we will have.
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  • #14,942
  • Dec 16, 2010 1:19am Dec 16, 2010 1:19am
Quoting trogger
Hello No!Optimist!
Thanks for your post.
I am no expert and your analysis of the charts and reasons for taking the "add-on" trade seem reasonable but I would ask the following:

1. Is this a good risk:reward when considered alone...
Right on Cue...!

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  • #14,943
  • Dec 16, 2010 3:04pm Dec 16, 2010 3:04pm
Good afternoon everybody,

NZDUSD: TL from feb2009 + Hammer on S = change of direction?

GB
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  • #14,944
  • Dec 16, 2010 3:45pm Dec 16, 2010 3:45pm
Quoting Rubens PP
Good afternoon everybody,

NZDUSD: TL from feb2009 + Hammer on S = change of direction?

GB

"Lead The Way"!

Yes, we are all watching this level on NZ/USD. Waiting for a break of the hammer (which hasn't closed on my charts, btw). Be aware, that break may not necessarily be to the upside!

Just a couple a questions but:

Have you checked the Boss and the Big Boss?

Is this a "beginners trade?
  • #14,945
  • Dec 16, 2010 4:28pm Dec 16, 2010 4:28pm
Quoting Rubens PP
Good afternoon everybody,

NZDUSD: TL from feb2009 + Hammer on S = change of direction?

GB
Your "TL" is not a TL.

The 12-15 BEEB broke the current TL.

Be careful here the Boss and Big Boss do not agree.
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  • #14,946
  • Dec 16, 2010 5:56pm Dec 16, 2010 5:56pm
Quoting trogger
"Lead The Way"!

Yes, we are all watching this level on NZ/USD. Waiting for a break of the hammer (which hasn't closed on my charts, btw). Be aware, that break may not necessarily be to the upside!

Just a couple a questions but:

Have you checked the Boss and the Big Boss?

Is this a "beginners trade?
Agreed! Immediate trend is down. Big Boss Long term up.
Just pointing out that these PRICE levels struck a chord on my charts (it was an E5!).
Keeping an eye to see how it evolves. Not acting on it. Not yet anyways.

Thanks for commenting, CrudeGraig also.

GB
  • #14,947
  • Dec 16, 2010 7:36pm Dec 16, 2010 7:36pm
This is definitely a counter trend trade. Shooting star is so beautiful, this is going to cause me money, like everything else that pretty.
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  • #14,948
  • Dec 16, 2010 8:08pm Dec 16, 2010 8:08pm
Quoting patrick25
This is definitely a counter trend trade. Shooting star is so beautiful, this is going to cause me money, like everything else that pretty.

Aye... tis a beautiful sight, to be sure.

Remember, it costs you nothing till the break to the downside.

Hasn't been at these levels since August 2000 (but has been a deal higher in the early 90's - so be careful!)

Definitely worth following..
  • #14,949
  • Dec 17, 2010 5:04am Dec 17, 2010 5:04am
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  • #14,950
  • Dec 17, 2010 5:59am Dec 17, 2010 5:59am
Pros: Strong Support Area
Cons: BB Nov SS so only looking for shorts plus LH, LL show intermediate downtrend. The number of daily red candles would scare me away from taking a long. The fact that S held before is no guarantee it will hold now plus smart money know we will be placing limit buys there with stops just below so they could blast through the S and take out stops. I would wait for a hammer and bullish confirmation candle before thinking of a buy and even then I would be looking to exit quickly. Not worth the risk. My preferred trade would be to sell it on a pull back to a fib or if it break S, sell it on a retest.
  • #14,951
  • Dec 18, 2010 3:58am Dec 18, 2010 3:58am
Hi,

Anybody join the Strats membership group? How good is the group? is there any great information?

thanks
  • #14,952
  • Dec 18, 2010 6:06am Dec 18, 2010 6:06am
Quoting allysius2005
Hi,

Anybody join the Strats membership group? How good is the group? is there any great information?

thanks
In the brief period that it has been open, 40 people have already registered and participate.

Place is as good as you can make it. Have you read the Path?? Do you fully understand it??

If not, start by reading it and fully, fully understand it. Make sure this is for you.
Spinner 'Tis in the Waiting.....
  • #14,953
  • Dec 19, 2010 8:47am Dec 19, 2010 8:47am
Quoting allysius2005
Hi,

Anybody join the Strats membership group? How good is the group? is there any great information?

thanks
I joined and it's bloody great with lots and lots of great information!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,954
  • Dec 19, 2010 8:58am Dec 19, 2010 8:58am
Quoting strat
I joined and it's bloody great with lots and lots of great information!
looooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooool
A chart helps those who can read it.
  • #14,955
  • Dec 19, 2010 9:14am Dec 19, 2010 9:14am
Quoting allysius2005
Hi,

Anybody join the Strats membership group? How good is the group? is there any great information?

thanks

in my opinion, you should do this business yourself .no one can help you.strat has taught you everything you should know ,then ,you should practice it yourself . no groups can help you .
A chart helps those who can read it.
  • #14,956
  • Dec 19, 2010 3:09pm Dec 19, 2010 3:09pm
Quoting trogger
Attachment
Friday's close gives us our hammer.
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  • #14,957
  • Dec 19, 2010 3:12pm Dec 19, 2010 3:12pm
Quoting trogger
Friday's close gives us our hammer.
Attachment
Well thats certainly NOT the place to put your buy order!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,958
  • Dec 19, 2010 3:25pm Dec 19, 2010 3:25pm
Quoting geniusztc
in my opinion, you should do this business yourself .no one can help you.Strat has taught you everything you should know ,then ,you should practice it yourself . no groupscan help you .
Since you have not experienced this, you are in NO position to offer an opinion!

I have NOT taught everything you should know - I have merely taught the basics.

Trading under the tutelage of trading professionals is what every skilled professional does and has to do to be successful. A heart sureon operates under the watchful eyes of senior surgeons, an attorney practices under the watchful eyes of partners etc, etc.

The groups are analysing together, trading together, learning from each other and profiting with each other!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,959
  • Dec 19, 2010 3:45pm Dec 19, 2010 3:45pm
Quoting strat
Well thats certainly NOT the place to put your buy order!
It is, when you take your entry off the 15 min charts!
{But that is sacriledge on this thread, so let's not mention it!}
  • #14,960
  • Dec 19, 2010 3:54pm Dec 19, 2010 3:54pm
Quoting trogger
It is, when you take your entry off the 15 min charts!
{But that is sacrilege on this thread, so let's not mention it!}
Good luck with an entry that is 96 times MORE STRESS & RISKIER than how ''WE'' trade PASR on here!

''We'' are NOT Amateurs. Amateurs manage money by taking RISK. PROFESSIONALS manage RISK by taking money.
15 YEARS OF PASR ON FOREX FACTORY!
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