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  • #15,581
  • Jun 3, 2011 10:14am Jun 3, 2011 10:14am
Quoting patrick25
Trend + PA with Strat shadow. Price may test the Big Boss tail, will see.
Price hit first position target and two @ BE.
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  • #15,582
  • Jun 3, 2011 10:31am Jun 3, 2011 10:31am
PA + Strat shadow with trend, first target hit, two @ BE.
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  • #15,583
  • Jun 3, 2011 11:13am Jun 3, 2011 11:13am
Quoting patrick25
PA + Strat shadow with trend, first target hit, two @ BE.
Patrick,

On your USDJPY trade, had you drawn your demand TL you would have seen that psycho 80 is very strong support and you should have exited all 3 positions there.

On NZDCHF, the hammer looking candle 28 days ago should have told you there is very strong support there and you should have exited all 3 positions there.

But you did good getting your first positions at target and the rest at BE.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,584
  • Jun 3, 2011 11:15am Jun 3, 2011 11:15am
Quoting strat
Looking to test 130.20
Tested as forecast
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,585
  • Jun 3, 2011 11:33am Jun 3, 2011 11:33am
Quoting strat
Patrick,

On your USDJPY trade, had you drawn your demand TL you would have seen that psycho 80 is very strong support and you should have exited all 3 positions there.

On NZDCHF, the hammer looking candle 28 days ago should have told you there is very strong support there and you should have exited all 3 positions there.

But you did good getting your first positions at target and the rest at BE.
Thank you for your input Strat. In this case, If we see the indication of strong SR, we should just trade PASR to next SR?
  • #15,586
  • Jun 3, 2011 1:35pm Jun 3, 2011 1:35pm
Hello strat,

Did you buy/ add positions on monday's candle eurusd? Are you still in?
My initial position was long on 25MAy hammer, following days doji scared me and closed off. Re-entered for one position on monday's BEOB.
Would love to know how you tackled it.
Thank you

GB
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  • #15,587
  • Jun 3, 2011 3:54pm Jun 3, 2011 3:54pm
Quoting patrick25
Thank you for your input Strat. In this case, If we see the indication of strong SR, we should just trade PASR to next SR?
Its the best way to maximise profits. You can always jump back in if price gets in a trend.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,588
  • Jun 4, 2011 12:50pm Jun 4, 2011 12:50pm
Quoting Rubens PP
Hello strat,

Did you buy/ add positions on monday's candle eurusd? Are you still in?
My initial position was long on 25MAy hammer, following days doji scared me and closed off. Re-entered for one position on monday's BEOB.
Would love to know how you tackled it.
Thank you

GB
Entered at 1.4148 above May 23 hammer with target at 1.4820
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,589
  • Jun 5, 2011 3:46am Jun 5, 2011 3:46am
Quoting trogger
"Its been three years since Im knockin on your door,
And I still can knock some more:
Ooh girl, ooh girl, is it feasible?"

This one should resolve a little quicker

Attachment



:
"Darling you gotta let me know
Should I stay or should I go..."

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I guess I'm waiting for PA?
  • #15,590
  • Jun 5, 2011 9:47am Jun 5, 2011 9:47am
Quoting strat
Entered at 1.4148 above May 23 hammer with target at 1.4820
Oh yes, thanks for that Strat!
  • #15,591
  • Jun 5, 2011 10:19am Jun 5, 2011 10:19am
Quoting trogger
"Darling you gotta let me know
Should I stay or should I go..."

Attachment

Attachment

Attachment

I guess I'm waiting for PA?
1.4350 is strong resistance and gets stronger with each higher time frame - I expect a reaction here whether its a pull back to 1.4 for another run at it or a fall back to 1.3650.

If it does break through on this attempt, I expect it to be sold off.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,592
  • Jun 7, 2011 2:10am Jun 7, 2011 2:10am
Quoting strat
Look for re-test of 1.3350
Was going to post yesterday asking why you were looking for a re-test of 133.50 rather than 131.90ish?

Then I guessed you were looking to the left and reasoning we could see a test of the Dec "shoulder" -see the weekly charts -(yes, I'm showing my bias for a top sub 140!).

I figured it is a pretty solid down-move ie with momentum and therefore may well struggle to 133.5.

I had decided to take a small long (regardless of your post) but am flummoxed by the markets reaction to the reserve bank of aussuee not raising rates. Hell, at 20x the fed rate you'd a thought it was high enuff! Greedy bas****ds!

Anyway, that 130 pip reaction took out me long. Only long I've taken on this since this pair was at 104-105 back in 2005 (or was it 2006 - I,m getting old, memory not so good!).

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  • #15,593
  • Jun 7, 2011 7:41pm Jun 7, 2011 7:41pm
Quoting trogger
Was going to post yesterday asking why you were looking for a re-test of 133.50 rather than 131.90ish?

Then I guessed you were looking to the left and reasoning we could see a test of the Dec "shoulder" -see the weekly charts -(yes, I'm showing my bias for a top sub 140!).

I figured it is a pretty solid down-move ie with momentum and therefore may well struggle to 133.5.

I had decided to take a small long (regardless of your post) but am flummoxed by the markets reaction to the reserve bank of aussuee not raising rates. Hell, at 20x the fed...
The June 6 Shooting Star at 1.3175 R was the signal to TP. Looks like another test of 1.29 before the move back up.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,594
  • Jun 8, 2011 3:23am Jun 8, 2011 3:23am
Daily found double bottom support @ 1.3250

4 hr entry with 123 pattern above Strat shadow using average in. First position closed @ 1.3626, added three more positions as PA pushing higher. All will be out @ 1.3800
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  • #15,595
  • Jun 8, 2011 6:52am Jun 8, 2011 6:52am
Quoting strat
The June 6 Shooting Star at 1.3175 R was the signal to TP. Looks like another test of 1.29 before the move back up.
Thanks for posting.
Yes, I had two longs. Closed one at 131.7 and used the profit to cover the second position SL in case it moved significantly higher.
The 6th was a doji on my charts (close midnight London, whatever that is in the US) so the signal wasn't so strong.
Currently Watching for another opportunity to long for another run at 136-8.


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  • #15,596
  • Jun 8, 2011 7:06am Jun 8, 2011 7:06am
Quoting patrick25
Daily found double bottom support @ 1.3250

4 hr entry with 123 pattern above Strat shadow using average in. First position closed @ 1.3626, added three more positions as PA pushing higher. All will be out @ 1.3800
My love affair with the Euro_cad may be over - but, hey it lasted longer than most of my other affairs! - so scouting around pairs we find this:

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I will wait for that daily to close - still around 12 hours.
  • #15,597
  • Edited 5:57pm Jun 8, 2011 5:15pm | Edited 5:57pm
Quoting trogger
My love affair with the Euro_cad may be over - but, hey it lasted longer than most of my other affairs! - so scouting around pairs we find this..
Hi trogger, you're thinking short I presume.
However my overall opinion on this pair, since PRICE broke out of the huge Big Boss triangle last March, is that we re looking at higher levels ahead
I d wait for PA around 0.885 to buy.

Always pleasure to read your posts

gb
  • #15,598
  • Jun 8, 2011 8:36pm Jun 8, 2011 8:36pm
Quoting Rubens PP
Hi trogger, you're thinking short I presume.
However my overall opinion on this pair, since PRICE broke out of the huge Big Boss triangle last March, is that we re looking at higher levels ahead
I d wait for PA around 0.885 to buy.

Always pleasure to read your posts

gb

Hi Rubens PP

First "yes and no, No and yes,... Maybe" to your opening line:
you're thinking short I presume.

I am merely saying we are at a level to be watching.
Without wanting to be too repetitive, price can only do one of 3 things from here....
1. = ?
2. = ?
3. = ?


Now, with regard to

PRICE broke out of the huge Big Boss triangle last March

yes, it did.

And the time to buy was, imo, on the retest of that weekly trendline (arrowed) after the inverted hammer on the worker.

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Now, if we look at that break of the triangle on the Big Boss, I think a couple of things are important:

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1. We are still inside the previous months controlling candle a BEEB

2. The root trendline has been breached certainly, so don't we draw a new root trend line through the high of the May BEEB? isn't that new trendline still down? [ This new upper line on our Big Boss triangle may well be unreliable - it is based on two touch compared with 3 (nearly 4) on the old, now breached line]

Going back to the daily,we have just had a BEEB on our entry chart at R, and yes I will look to short, on a break of the worker BEEB, using appropriate MM targeting 86.8 (+ or -).

If it breaks to the topside, I see the long upper wicks in this region on the weekly as a warning signal and probably won't take a long from here.


Now, I don't claim to be right. That is just my thinking on the pair.

Always hopeful Strat might give his views..

Then again, he may just remind us that "there are better pairs at the moment" (?)

cheers,
trogger
  • #15,599
  • Jun 9, 2011 2:34am Jun 9, 2011 2:34am
Quoting trogger

...The root trendline has been breached certainly, so don't we draw a new root trend line through the high of the May BEEB? isn't that new trendline still down? [ This new upper line on our Big Boss triangle may well be unreliable - it is based on two touch compared with 3 (nearly 4) on the old, now breached line]
Hi again trogger, I really like your approach regarding entrance on the retest of broken Big Boss TL.
However .." dont we draw a new root TL through the high of MAy BEEB"
I d say no. The current controlling TL of Big Boss (to my eyes always) is the blue line indicated in the chart presented below. PRICE tested that blue line once on the previous month on the BEEOB. As long as we stay above 0.885 longs are under way.
If one wonders how these TLs were drawn, once again it's all in Strat's tread (see chapter DSRI).

Nice chatting over the pair trogger.
As long as one doesn't lose money over it, discussions are always fruitful.

GB
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  • #15,600
  • Jun 9, 2011 4:00am Jun 9, 2011 4:00am
Just to make simple things a bit more complicated, I have added two fibos and a couple of lines. For now , price is not quite ready to pass the 50% and previously mentioned resistance. See where it closes.
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Spinner 'Tis in the Waiting.....
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