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  • #15,241
  • Feb 4, 2011 3:37pm Feb 4, 2011 3:37pm
Wait a minute.. there is more to it
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  • #15,242
  • Feb 4, 2011 5:49pm Feb 4, 2011 5:49pm
Quoting simpleman
Wait a minute.. there is more to it
And similar on GBPUSD which is why we have it on EURGBP - so a Tale of Three Triangles - maybe read Charles Dickens for the solution?
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,243
  • Feb 6, 2011 2:33pm Feb 6, 2011 2:33pm
Hi Strat & Team,

i'm back after 1 year and 2 month. I had to deal with a change in my career so i skipped trading in this period.

I'm back on page 1 and after i finish reading and understanding the PASR i'll see you on your private forum.

Regards,
KS
  • #15,244
  • Feb 6, 2011 6:20pm Feb 6, 2011 6:20pm
Quoting Keyser Soze
Hi Strat & Team,

i'm back after 1 year and 2 month. I had to deal with a change in my career so i skipped trading in this period.

I'm back on page 1 and after i finish reading and understanding the PASR i'll see you on your private forum.

Regards,
KS
Welcome back, join the other Romanians on here and of course, The Greek Bouncer not to mention Wild Thing!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,245
  • Feb 7, 2011 5:06pm Feb 7, 2011 5:06pm
EliteJets, what do you think about the CAD article from the latest issue of currency trader mag?

EUR/CAD:

- Big Boss trend is down, 20 EMA is below 50 EMA pointing south
- Boss is aligned with Big Boss, last week candle engulfed the previous candle and closed below 20 EMA and below 1.35 sh support
- Worker closed last week below the 2 MA's

I think that was a good opportunity to enter a trade
  • #15,246
  • Feb 7, 2011 5:23pm Feb 7, 2011 5:23pm
Quoting Keyser Soze
EliteJets, what do you think about the CAD article from the latest issue of currency trader mag?

EUR/CAD:

- Big Boss trend is down, 20 EMA is below 50 EMA pointing south
- Boss is aligned with Big Boss, last week candle engulfed the previous candle and closed below 20 EMA and below 1.35 sh support
- Worker closed last week below the 2 MA's

I think that was a good opportunity to enter a trade
Elitejets is on a leave of absence to recover her health.

EURCAD looks like a pull back ready for happening first
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,247
  • Feb 9, 2011 3:15pm Feb 9, 2011 3:15pm
Quoting strat
Elitejets is on a leave of absence to recover her health.

EURCAD looks like a pull back ready for happening first
Pull back in place. Looking for PASR to short back into down trend to 1.28
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,248
  • Edited 3:56pm Feb 9, 2011 3:45pm | Edited 3:56pm
Quoting strat
Pull back in place. Looking for PASR to short back into down trend to 1.28
Really? I would say on the monthly chart it doesnt seem so. The long wicks of candles signal rejection of 1.28 level. These hammers indicate rather bullish sentiment.
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  • #15,249
  • Feb 9, 2011 5:36pm Feb 9, 2011 5:36pm
Quoting Milan
Really? I would say on the monthly chart it doesnt seem so. The long wicks of candles signal rejection of 1.28 level. These hammers indicate rather bullish sentiment.
Milan,

If you look at Boss swings, the last pulled back should bounce at 1.3700 level but price did not. It went through that level and now it became resistance. The last week candle really confirmed it. All we have to do now is waiting for Worker PASR.

Thanks Strat. I need a dose of Strat's mental injection. Mine is a little weak lately.
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  • #15,250
  • Feb 9, 2011 7:06pm Feb 9, 2011 7:06pm
This was posted on www.stratsforextrading.com

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,251
  • Feb 10, 2011 1:08am Feb 10, 2011 1:08am
"..so I m sensing a wee bit of discontent?"
lol
great video
GB
  • #15,252
  • Feb 10, 2011 6:54am Feb 10, 2011 6:54am
Quoting patrick25
Milan,

If you look at Boss swings, the last pulled back should bounce at 1.3700 level but price did not. It went through that level and now it became resistance. The last week candle really confirmed it. All we have to do now is waiting for Worker PASR.

Thanks Strat. I need a dose of Strat's mental injection. Mine is a little weak lately.
Hi Patrick,
But it has made higher low on worker, double top at 137 is a possibilty.
  • #15,253
  • Feb 10, 2011 11:54am Feb 10, 2011 11:54am
Don't miss this one

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  • #15,254
  • Feb 10, 2011 12:01pm Feb 10, 2011 12:01pm
Quoting simpleman
Hi Patrick,
But it has made higher low on worker, double top at 137 is a possibilty.
Hi simpleman,

How are you doing? This trading thing takes a life time to learn, don't you think? As you and I know market will do what ever it wants to do no matter what we think. Just for discussion purpose, the last swing up on the Boss has two levels to support this up move, 1.3100 and 1.3700. As you can see, the retracement cut through these levels that means this up move is over. It will continune when 1.4350 level is taken out. Any buy now is counter trend to that retracement. We trade with Bosses. I don't want to trade with Workers.
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  • #15,255
  • Feb 10, 2011 1:00pm Feb 10, 2011 1:00pm
OK, question...

Eur/chf and gbp chf have HH,HL on the daily, not in the weekly, so we looking to short, correct?

They both have broken trendlines.

Sorry, g/j is in the same boat.

The rest of the gbp x and eur x + yen seem to be headed that way. Or not.

What do we do?
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Spinner 'Tis in the Waiting.....
  • #15,256
  • Feb 10, 2011 1:03pm Feb 10, 2011 1:03pm
Dear all,

Today's BOE announcement filled our charts with PA.
Regarding EURCAD and EURUSD I m not shorting yet, I'll try and join on the way down.
Right now my eyes are glued on cable. Maybe LONG after closing tonight.
Furthrmore, new adventures beginning on USDJPY and USDCHF.

Patrick your posts are always a charm to read man! Keep up

GB
  • #15,257
  • Feb 10, 2011 1:56pm Feb 10, 2011 1:56pm
Quoting patrick25
Hi simpleman,

How are you doing? This trading thing takes a life time to learn, don't you think? As you and I know market will do what ever it wants to do no matter what we think. Just for discussion purpose, the last swing up on the Boss has two levels to support this up move, 1.3100 and 1.3700. As you can see, the retracement cut through these levels that means this up move is over. It will continune when 1.4350 level is taken out. Any buy now is counter trend to that retracement. We trade with Bosses. I don't want to trade with Workers.
Hi Patrick,
I am fine, yes you are correct the more we learn the more market will behave differently and then we learn again.
Fortunately I trade worker but just take direction from B/BB. Today's bar looks like going to close as BEEB but I can't take it because of strat shadow and on the Boss there isn't any bearish PA, some trader who trade weekly may have placed a sell order below last week BEOB which hasn't triggered so far. If I wait for it to close below the shadow on worker then the my risk will be more then 250 pips, but let see how it close today first then the action will start. Short below 133.40 seems reasonable to me.
  • #15,258
  • Feb 10, 2011 3:44pm Feb 10, 2011 3:44pm
Quoting simpleman
Hi Patrick,
I am fine, yes you are correct the more we learn the more market will behave differently and then we learn again.
Fortunately I trade worker but just take direction from B/BB. Today's bar looks like going to close as BEEB but I can't take it because of strat shadow and on the Boss there isn't any bearish PA, some trader who trade weekly may have placed a sell order below last week BEOB which hasn't triggered so far. If I wait for it to close below the shadow on worker then the my risk will be more then 250 pips, but let see how it close...
Yes, I agree price has to work through Strat's shadow. It is better giving up 100 pips than sorry.
  • #15,259
  • Feb 10, 2011 4:14pm Feb 10, 2011 4:14pm
A beautifull PASR, everything lines up. If it is a lose trade, it is a damn good lose.
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  • #15,260
  • Feb 10, 2011 4:24pm Feb 10, 2011 4:24pm
A beautifull PASR and above Strat's shadow. It also can be a damn good lose.
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