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  • #15,401
  • Apr 14, 2011 2:14pm Apr 14, 2011 2:14pm
Good afternoon everybody,

usdjpy, Buy order 83.8, SL 82.8, TP1 84.7

Feedback welcome, as always.

GB
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  • #15,402
  • Apr 15, 2011 3:11am Apr 15, 2011 3:11am
Quoting bjpumping
i am a bit confused about your comment,are you trying to talk rudely at me,or are you just putting up some joke or may be i just dont get what you are saying and why bpJUMPING? i hope you ll say something before i say whats on my mind.I have very few posts on this thread and sometimes when i post a comment, i do ask the house to comment on it as well,if you will comment on my trades, i feel it should be for correction and something that will help rather than taking my name and making it a laughing stock.i hope you ll drop a comment on my comment...
".. when Strat was Mean, Sarcastic - and a friend!"
(For we were dumb and sure to lose our way,
Those were the days. Oh Yes, those were the days....)"

Just my nostalgic longing for the good ol' days -when Strat would ruthlessly tell any new-comer to the thread, in no uncertain terms, - to READ and UNDERSTAND the thread. (If you do get around to reading the thread, you too will remember that line!)

Strat, Patrick and others have all since come in and alerted you (nicely) to what I was trying to point out to you - buying into (potential) resistance and selling into (potential) support.
Anyway, I accept it is not my thread and therefore not my place to write in the style I did and No offence was intended bjpumping. Please accept my apology.

regards, trogger.
  • #15,403
  • Apr 15, 2011 3:31am Apr 15, 2011 3:31am
Quoting trogger
"Be Mine Tonight
Tomorrow will be too late..."

Now, That DON'T mean anyone should be JUMPING in now!!

It means: either she breaks Tonight (I'm in NZ and the London pm session/US session is nighttime here!) or..

Patrick really will be loading the freight wagons for the trip back North!!

Attachment Attachment Attachment

I don't get a lot of time to post these days, but here are the update to trade for the last week.
With the encouraging close of 6 April, I sat out the upside of 7 and 8 with original stops in place and lowered stops to above last friday's bar. Break lower this week has price approaching 132 and I will take profit around here tonight, unless we see a clear break lower.
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Today
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  • #15,404
  • Apr 18, 2011 8:42am Apr 18, 2011 8:42am
apology accepted
  • #15,405
  • Apr 18, 2011 8:47am Apr 18, 2011 8:47am
i took a short on eurusd and gbpaud earlier today.First target on eurusd has been met and my other tow positions are still in the positive,my gbpaud short is still in the negative but the day is not over yet.snap shots have been attached.
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  • #15,406
  • Apr 20, 2011 7:53pm Apr 20, 2011 7:53pm
Quoting patrick25
Closed second position at support, last one is @ BE for reversal PA.
So no reversal yet, added a position with market money, moved last position to above the pull back.
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  • #15,407
  • Apr 21, 2011 10:22am Apr 21, 2011 10:22am
Quoting Rubens PP
Good afternoon everybody,

usdjpy, Buy order 83.8, SL 82.8, TP1 84.7

Feedback welcome, as always.

GB
This is the power of the Boss and her two men(20&50). Be aware of where price is, relatively to Boss trend and SR. I had shorted on day 04/07, price hit first TP then took out my two BE. On the four hours trading account, I use average in and positioning with 123 pattern.
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  • #15,408
  • Apr 21, 2011 11:14am Apr 21, 2011 11:14am
The day isn't finished yet but we know what's going on!
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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,409
  • Apr 21, 2011 11:30am Apr 21, 2011 11:30am
Quoting strat
The day isn't finished yet but we know what's going on!
That is no good. That means I have reversal on my Usdchf trade
  • #15,410
  • Apr 21, 2011 11:44am Apr 21, 2011 11:44am
Quoting patrick25
That is no good. That means I have reversal on my Usdchf trade
It all depends on what your understanding of knowing what is going on, Patrick!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,411
  • Apr 21, 2011 11:45am Apr 21, 2011 11:45am
Let's see what you do with this
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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,412
  • Apr 21, 2011 12:04pm Apr 21, 2011 12:04pm
Go on then, have your evil way with this!
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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,413
  • Apr 21, 2011 12:10pm Apr 21, 2011 12:10pm
And don't forget USDCHF - she doesn't want to be left out of the action!
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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,414
  • Apr 21, 2011 3:50pm Apr 21, 2011 3:50pm
Now, are those USD moves meaningful or is that just traders squaring positions ahead of a boat load of holidays? I tend to wait for the confirmation these days - I like to see these candles activate and then get in on the retrace on subsequent PA - I may miss out on some profits but at least I abide by Rule No 1 - Capital Preservation is key!
Trade less and become more profitable!
  • #15,415
  • Edited 5:13pm Apr 21, 2011 4:25pm | Edited 5:13pm
Quoting strat
The day isn't finished yet but we know what's going on!
Well the dawn was coming,
Heard him ringing on my bell.
He said, "my name's the teacher,
That is what I call myself.
And I have a lesson
That I must impart to you...

Always good to wake up to fresh posts and charts from Strat.

Now I am "old school" long time Strat disciple, so I am ever optimistic that Strat will be mercilessly ruthless in his disection and subsequent condemnation of any nonsense that I post on his thread!

So, here goes:

Eur:US

All three time frames are up.
The down trendline has been breached to the upside on all three time frames (though the month and week have not yet closed)
(Draw a TL off the high July 2008 to nov/dec 2009 and this current month has sliced through like a "hot knife ...)
This week's bar forming an outside bull bar with a long lower wick which has tested and (so far) been rejected by this TL.
On the daily, the retracement ended 18/19 April had the close/open bounce exactly from this TL with PA 19, 20and now 21 forming fresh highs.

Now that "SS" that Strat has drawn our attention to sure looks
"pr-u-e-e-rty" but would you really short it, against the trend, with a 150 pip SL "all the way down" to that support line Strat has drawn about 142.8 (the high of Nov 2010?).
  • #15,416
  • Apr 21, 2011 4:39pm Apr 21, 2011 4:39pm
Quoting strat
And don't forget USDCHF - she doesn't want to be left out of the action!

Another "pretty" looking Hammer, and maybe this is indeed the "real-deal".
But then again, we are in strong down trend and now at an all-time low and in uncharted territory.

Do we "pick-bottoms" and long this hammer, or stick with Patrick's disciplined adherence to the application of the "Dr Joe" approach?
  • #15,417
  • Edited 5:14pm Apr 21, 2011 4:57pm | Edited 5:14pm
Quoting strat
Go on then, have your evil way with this!
(Even Momma can't tell us "when it's gonna happen"!)

This one I see a little differently to the US.CHF.
The key difference to me is that we are not in uncharted territory - we have a very clearly defined support level from Oct/Nov (currently) all-time low.
This is still high risk countertrend, but I am already long (off 15min charts) and well in profit with a SL at 94.50 .The close/open for Oct/Nov is at 94.68 (+ or-). The potential exists for a collapse through to the bottom of the Nov 2007 bar, or even a new all-time low, so I wll be treating this as day-trading the 15min unless/until we see a close on the daily above 96.42.
  • #15,418
  • Apr 21, 2011 5:08pm Apr 21, 2011 5:08pm
[quote=strat;4564027]Let's see what you do with this[/quote

I will be adding to existing longs on a break above 136, stopping all positions at 132.8 (existing positions in profit and also stopped here).

initial target 139.
  • #15,419
  • Apr 21, 2011 5:39pm Apr 21, 2011 5:39pm
Quoting patrick25
So no reversal yet, added a position with market money, moved last position to above the pull back.
Now we have reversal PA candle like, so I have moved SL to above today candle.
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  • #15,420
  • Apr 22, 2011 2:15pm Apr 22, 2011 2:15pm
It's so darn on me that so many "so call Pro traders on this forum" still thinking put trades on holidays, me myself included. No wonder I am not professional yet.
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