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  • #15,681
  • Jul 2, 2011 6:49pm Jul 2, 2011 6:49pm
Quoting strat
On its way to 0.9450
On its way with triple pips profit but now at my ""WOBBLE"" area - time to protect some profits!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,682
  • Jul 2, 2011 6:53pm Jul 2, 2011 6:53pm
Quoting baz
Good Stuff GW... keep it up..
yes our STRAT knows a thing or two about trading...

i like your CheckList..and especially NOT WATCHING FINANCIAL TV or looking for excitment...

baz
Shukriya baz - didn't know you were still following my thread!

One of the many things I have posted many times - stay away from and DON'T LISTEN to the talking heads
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,683
  • Jul 3, 2011 3:17am Jul 3, 2011 3:17am
Quoting strat
Shukriya baz - didn't know you were still following my thread!

One of the many things I have posted many times - stay away from and DON'T LISTEN to the talking heads
ofcourse ..yours and Hussins ..... never too old to learn mate...
and also sometimes your " LIFE LESSONNs ".. you share..
take care

baz
  • #15,684
  • Jul 3, 2011 6:57am Jul 3, 2011 6:57am
Quoting baz
ofcourse ..yours and Hussins ..... never too old to learn mate...
and also sometimes your " LIFE LESSONNs ".. you share..
take care

baz
Here is another for you, baz, posted recently on my private website:

My experience with gold and silver happened in the 1990s when I was trading Futures and Commodities.

I remember being up about $2,000 or so on silver with all the talking heads forecasting that silver was the biggest play in town. Price continued to rise until suddenly some adverse news or something spiked the market and price dropped like a rock or the proverbial knife through butter.

Price dropped so fast that SLs could not be triggered and it kept on falling and falling until when eventually my SL was triggered, I ended up with a margin call. From $2,000+ to a margin call in the blink of an eye!

Those were the days before computerization and everything was done manually so maybe now, in these modern times, it won’t happen. Or, maybe it will be worse.

Just be aware that the precious metals, gold, silver, platinum and palladium and to some extent, Copper can be very, very volatile.

I have never traded them since with PASR or anything else and I don’t intend to.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,685
  • Jul 3, 2011 7:23am Jul 3, 2011 7:23am
Quoting strat
Here is another for you, baz, posted recently on my private website:

[color=Blue][b]My experience with gold and silver happened in the 1990s when I was trading Futures and Commodities.

I remember being up about $2,000 or so on silver with all the talking heads forecasting that silver was the biggest play in town. Price continued to rise until suddenly some adverse news or something spiked the market and price dropped like a rock or the proverbial knife through butter.

Price dropped so fast that SLs could not be triggered and it kept on falling...
Yes i understand... although ,this must have been after the Time you traded them..OPTIONS were introduced..and Hence you could have used them as a SL..instead of a " ACTUAL " STOP...

Somrething i learnt from the time of KEN ROBERTS..and YES i lost my account with KEN ROBERTS 123 strategy ,using it on US FUTURES...
Takes me back a few years ..and TEARs !!

And i remember a call i recieved from BROKER on the DAY the BERLIN WALL was taken Down...he told me to BUY GOLD ,as the world is entering a Dangerous time and i should not miss out..thank god ,i said i am not intrested !!
baz
  • #15,686
  • Jul 3, 2011 8:53am Jul 3, 2011 8:53am
Quoting baz
Yes i understand... although ,this must have been after the Time you traded them..OPTIONS were introduced..and Hence you could have used them as a SL..instead of a " ACTUAL " STOP...

Somrething i learnt from the time of KEN ROBERTS..and YES i lost my account with KEN ROBERTS 123 strategy ,using it on US FUTURES...
Takes me back a few years ..and TEARs !!

And i remember a call i recieved from BROKER on the DAY the BERLIN WALL was taken Down...he told me to BUY GOLD ,as the world is entering a Dangerous time and i should not miss...
Now you have spoiled my day! I thought I had forgotten that sheister! He must be the original trading scammer. He makes more money with his publishing business selling his crappy method than he does trading - if he does any trading now. He supposedly "retired" in 2006 but I see he is back now with a re-hash of his old worthless methods - must have run out of money again.

Another good reason for trading forex, the brokers don't mess with you although if you use discount brokers on futures and commodities, neither will they.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,687
  • Jul 3, 2011 9:26am Jul 3, 2011 9:26am
Quoting strat
Now you have spoiled my day! I thought I had forgotten that sheister! He must be the original trading scammer. He makes more money with his publishing business selling his crappy method than he does trading - if he does any trading now. He supposedly "retired" in 2006 but I see he is back now with a re-hash of his old worthless methods - must have run out of money again.

Another good reason for trading forex, the brokers don't mess with you although if you use discount brokers on futures and commodities, neither will they.

Sorry Strat to spoil your day...
i have no problems in anyone making money in Teaching and training others..as long it enhances the Students knowledge and results in True learning...BUT in Trading and especially FOREX..there are a LOT of SHARKS and SCAM artists ..selling a DREAM for $97... $197... etc etc..
and this is what really pisses me off ...
and to be FAIR ..allthose years back,i too got suckered by KEN ROBERTS..
and sometimes you can MISS THE MONEY..but its the WASTED TIME trying to make the strategy work..a total FRUSTRATION..and a BIG DISSAPOINTMENT..
BUT everything comes us as a " LIFE LESSON "..and hence dont hold any bitterness or hatred.. i just take the lesson and move foreward... the UNIVERSE has a BETTER PURPOSE for ALL of US...
take care

baz


http://www.scamreview.co.uk/ken_roberts.html
  • #15,688
  • Jul 4, 2011 11:03pm Jul 4, 2011 11:03pm
Quoting trogger
I will try those suggestions for chart saving.

With regard to your chart Simpleman, I suspect that 1.28 is where the support level is more likely to be. But notice that my broker spikes this down another 40pips (green ellipse) - they do this on monday mornings NZ time (12th june , in this example)- just before it runs in the "correct" direction on the 13th.
I am not prepared to take a loss below the hammer of 23 June. I will look to re-enter long if I see another opportunity later ( and if i am stopped out on these current positions)....

So.... do you trust your broker?

Remember I posted about not trusting this particular broker on a Monday morning (Sunday bars for followers of this thread).. My position (aud.nz) looked fairly safe against a "Monday Morning broker spike" when market closed last week, so I left the position open.

Well, looks like I underestimated this particular broker - not only Sunday bars but even the middle of the Tokyo session, midweek!

Take a look at the two charts from two brokers - 30 pip difference in the spike leading up to the interest rate announcement for the Aussie.

As the saying goes: "Trade at your own risk!"

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and the "correct" market price from FXCM:

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  • #15,689
  • Jul 6, 2011 6:59am Jul 6, 2011 6:59am
Posted everywhere is "Why is trading forex so difficult" and "Why do 95% of traders lose"?

I don't know - what is so difficult about this?
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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,690
  • Jul 6, 2011 7:20am Jul 6, 2011 7:20am
The beauty of PASR.I'll pay a close attention about 0.9700 level
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  • #15,691
  • Jul 6, 2011 9:20am Jul 6, 2011 9:20am
Quoting kratun
The beauty of PASR.I'll pay a close attention about 0.9700 level
As hard as I look, I can't find any reason to be long USDCAD!
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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,692
  • Jul 6, 2011 9:47am Jul 6, 2011 9:47am
Quoting kratun
The beauty of PASR.I'll pay a close attention about 0.9700 level
Guess what you did?
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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,693
  • Jul 6, 2011 9:58am Jul 6, 2011 9:58am
Quoting strat
As hard as I look, I can't find any reason to be long USDCAD!
You're right Mr.Strat, technically daily/weekly/monthly are down,exept when the price is near support,then that's is quite a different matter.This is where our edge is.We have to anticipate that's why we are traders(risk takers) I'm pretty sure you know this.I'll tell this once again as long price is near my edge S/R I'll anticipate.Sometimes I'll win, sometimes I'll lose.As long as my winners outnumber my losers than I think I'm doing the right thing.Sorry for my delayed reply.
  • #15,694
  • Jul 6, 2011 10:19pm Jul 6, 2011 10:19pm
Quoting trogger
Attachment
My longs stopped out by PA and entered short yesterday.

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  • #15,695
  • Jul 7, 2011 8:35am Jul 7, 2011 8:35am
Strat shadow + bull trap setup. First position off, second @ BE.
Attached Image (click to enlarge)
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  • #15,696
  • Jul 7, 2011 11:04am Jul 7, 2011 11:04am
Stick with the program guys.
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  • #15,697
  • Jul 7, 2011 11:37am Jul 7, 2011 11:37am
Quoting patrick25
Stick with the program guys.
Don't forget to check the Worker to see where support is.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,698
  • Jul 10, 2011 12:24pm Jul 10, 2011 12:24pm
Quoting strat
Don't forget to check the Worker to see where support is.
Thanks Strat. The trade was stopped out @ BE.

Boss: Price is at a strong support level 1.5950 - 6000. If price has a strong closed below this level, it will continue its retracement from the last leg up. I like the price pattern on the Boss. If price comes out of Strat shadow, I will position myself for long.

Worker: Price is at support with double bottom.
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  • #15,699
  • Jul 10, 2011 3:34pm Jul 10, 2011 3:34pm
It won't be much of a long if the supply line continues to hold
Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,700
  • Jul 11, 2011 10:46pm Jul 11, 2011 10:46pm
took a short on chfjpy since lastweek friday,still in the short,first take profit at first support on daily and stop loss at the high of the doji formed on the 6th. closely looking at gbpjpy now,i missed the opportunity to go short on eurjpy yesterday,my connection was messy.positive pips to you all.
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