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  • #15,781
  • Jul 31, 2011 2:04pm Jul 31, 2011 2:04pm
Pls STRAT or anyone, Is there anyway i can place two pending orders with different tp and sl? cos whenever i modify one of my pending order's tp or sl, thesame tp & sl reflects to my other pending order. Pls need ur help!


  • #15,782
  • Jul 31, 2011 4:33pm Jul 31, 2011 4:33pm
Quoting Fx4GdBd
Hi,

Maybe we can have potential trade setup on our watch list.

Big Boss: Up trend
Boss: Up trend
Worker: In triangle formation. We have support around 0.8740. Tripple bottom. Waiting for PASR to confirm bouncing up from LTL.

What do you think guys?
No real opportunity either way - any trade would be a guess and that's not trading.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,783
  • Jul 31, 2011 4:47pm Jul 31, 2011 4:47pm
Quoting Fx4real
Pls STRAT or anyone, Is there anyway i can place two pending orders with different tp and sl? cos whenever i modify one of my pending order's tp or sl, thesame tp & sl reflects to my other pending order. Pls need ur help!


Check with your broker to see if this is allowed on your account. If not, open another account so that you have two accounts.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,784
  • Jul 31, 2011 6:53pm Jul 31, 2011 6:53pm
Quoting glasso
Do you want to say the low of April 1995?
Yes - now that is long term perspective/preparation to take advantage of the situation.
  • #15,785
  • Aug 2, 2011 3:02am Aug 2, 2011 3:02am
Alexandra,
You must be salavating with the possible double bottom in USDYEN and the big spinning top doji yesterday? I will be watching closely for confirmation of this and I will await a juicy rally, pullback into a Higher Low and some confirmatory price action for a long
Trade less and become more profitable!
  • #15,786
  • Aug 2, 2011 2:02pm Aug 2, 2011 2:02pm
Hi,

What do you think about the forming hammer?

Big Boss: Up trend
Boss: Up trend
Worker: Hammer, up trend, MAs aligned, 20 rejection, PPZ at 1,6250, hammer, fibo at 50% rejection

Cons: hammer is not going significantly outside of the previous days BEOB
Attached Image (click to enlarge)
Click to Enlarge Name: 20110802 gbpusd.gif Size: 34 KB
  • #15,787
  • Aug 2, 2011 8:24pm Aug 2, 2011 8:24pm
Quoting Fx4GdBd
Hi,

What do you think about the forming hammer?

Big Boss: Up trend
Boss: Up trend
Worker: Hammer, up trend, MAs aligned, 20 rejection, PPZ at 1,6250, hammer, fibo at 50% rejection

Cons: hammer is not going significantly outside of the previous days BEOB
What do you think about the forming hammer?

Not much!!!!!!!!!!!!!

It is a BOND Hammer!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,788
  • Aug 3, 2011 6:27am Aug 3, 2011 6:27am
Has anyone thought about buying any of the Iraqi Dinars? One of our clients brought it up to me and after doing some research I found that the paper is easy to bleach and print higher bills. Does anyone have any idea if there any legitamate places to buy these or if it is just a total scam.
  • #15,789
  • Aug 3, 2011 2:01pm Aug 3, 2011 2:01pm
Hi Everyone

Big Boss, Boss are in up trend
Worker: Up trend, MAs aligned, bounce up from 20, fibo 50% retracement

Is it another bond hammer?
Attached Image (click to enlarge)
Click to Enlarge Name: 20110803 audcad.gif Size: 28 KB
  • #15,790
  • Aug 3, 2011 6:20pm Aug 3, 2011 6:20pm
Quoting Fx4GdBd
Hi Everyone

Big Boss, Boss are in up trend
Worker: Up trend, MAs aligned, bounce up from 20, fibo 50% retracement

Is it another bond hammer?
No, that is a valid Hammer except it is not at strong support - it needs to be at 1.02ish
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,791
  • Aug 3, 2011 6:37pm Aug 3, 2011 6:37pm
LOL, Iraqi Dinar's,

When I was stationed at Fob Kalsu (Iraq). That was the big "Gamble" that many a soldier and officer planned on. Washing money is illegal anyways, if they find out your doing that in Iraq.....


Quoting autoforex1
Has anyone thought about buying any of the Iraqi Dinars? One of our clients brought it up to me and after doing some research I found that the paper is easy to bleach and print higher bills. Does anyone have any idea if there any legitamate places to buy these or if it is just a total scam.
Annoying Precision
  • #15,792
  • Aug 4, 2011 12:38am Aug 4, 2011 12:38am
I hope that thread readers were astute enough to read the signs and get on board the xxxyen pairs long before the intervention last night?

The power of price action comes to the fore once again!

Personally, I took gbpyen. These moves usually get faded by the market but at least we know where the top is in the Yen for the Japanese National Bank.
Trade less and become more profitable!
  • #15,793
  • Edited 2:31am Aug 4, 2011 2:18am | Edited 2:31am
Quoting Grimweasel
I hope that thread readers were astute enough to read the signs and get on board the xxxyen pairs long before the intervention last night?

The power of price action comes to the fore once again!

Personally, I took gbpyen. These moves usually get faded by the market but at least we know where the top is in the Yen for the Japanese National Bank.
but at least we know where the top is in the Yen for the Japanese National Bank.

Those on www.stratsforextrading.com have known that for over 5 months, Danny boy!

Personally, I took gbpyen.

Wrong choice! The BOJ is attempting to weaken their Yen against the $US NOT any other currency - the US is Japan's biggest trade customer and a strong Yen makes Japanese products expensive for the US to buy. The other Yen pairs just "follow" in sympathy.

Wait until the Feds have their say and input before calling it a top though.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,794
  • Aug 4, 2011 3:51am Aug 4, 2011 3:51am
Quoting Grimweasel
I hope that thread readers were astute enough to read the signs and get on board the xxxyen pairs long before the intervention last night?

The power of price action comes to the fore once again!

Personally, I took gbpyen. These moves usually get faded by the market but at least we know where the top is in the Yen for the Japanese National Bank.
Hi Grim,

It is a Bank of Japan intervention and not a trend change, no one knows how long it will last, also it is a counter-trend as well.

Once the trend is established then we know what do, till then I am watching.
  • #15,795
  • Aug 4, 2011 8:37am Aug 4, 2011 8:37am
Quoting strat
but at least we know where the top is in the Yen for the Japanese National Bank.

Those on www.stratsforextrading.com have known that for over 5 months, Danny boy!

Personally, I took gbpyen.

[color=black]Wrong choice! The BOJ is attempting to weaken their Yen against the $US NOT any other currency - the US is Japan's biggest trade customer and a strong Yen makes Japanese products expensive for the US to buy....
Strat's students should know what to do seeing big bar at major SR and inside bars after that.
Attached Image (click to enlarge)
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  • #15,796
  • Aug 4, 2011 9:33am Aug 4, 2011 9:33am
Quoting patrick25
Strat's students should know what to do seeing big bar at major SR and inside bars after that.
I thought Strat always teaches trading with the trend...
  • #15,797
  • Aug 4, 2011 10:17am Aug 4, 2011 10:17am
Quoting patrick25
Strat's students should know what to do seeing big bar at major SR and inside bars after that.
Well you got to the party, but you're a bit late.
Just wondered why, when you had identified SR, you didnt trade at that level.
2 ways of trading that level, 1- pending order with a small stoploss.
2- drill down to 4hr and watch as price hit the level. wait for pa. i entered on the hammer.
It doesn't take a lot to monitor 4hr, perhaps you don't have time.
Either way, you would have entered 200 or 100 pips earlier.
The BOJ intervention helped with this trade.
  • #15,798
  • Aug 4, 2011 5:40pm Aug 4, 2011 5:40pm
Quoting Milan
I thought Strat always teaches trading with the trend...
Correct

Trend trading pays for your lifestyle

Counter trend trading pays for drinks at the bar
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,799
  • Aug 4, 2011 6:04pm Aug 4, 2011 6:04pm
Quoting Milan
I thought Strat always teaches trading with the trend...
Yes, we should take most of our trades with trend. Counter trend trade only with everything lines up and should have a different account for it. Usdjpy trade for example, it is a pure technical trade and be able to read beyond candles. I did not know when BOJ will step in but 08-01 candle gave you a lot of information. 08-02 and 08-03 candle tails confirmed that information, I measured my risk, put the orders in above 08-01 candle and SL below it.
  • #15,800
  • Aug 4, 2011 6:10pm Aug 4, 2011 6:10pm
Quoting jazzman
The BOJ intervention helped with this trade.
Don't all winning trades needed help from something?
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