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  • #15,901
  • Sep 13, 2011 4:50pm Sep 13, 2011 4:50pm
Quoting Rubens PP
It is not a hammer, it is a seller's rejection candle inside the whole '"price going nowhere"/ ranging scheme.
A hammer is a PRICE reversal candle which is usually met at the end of a down-trend.
Both Boss and Big Boss are still DOWN for usdjpy however.

gb
Well done, Greek Bouncer, you have been taking notice to what I teach!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,902
  • Sep 13, 2011 4:51pm Sep 13, 2011 4:51pm
Quoting hcristea
sf73, if you want to be safer and take low risk trades then wait for the boss to make HH & HL before you go long on the Worker.

This is my view of the Boss with the latest confirmed swings.
And this shows we are STILL in SUPPLY sentiment
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,903
  • Sep 13, 2011 6:40pm Sep 13, 2011 6:40pm
Quoting strat
Well done, Greek Bouncer, you have been taking notice to what I teach!
Your techings are GOLD Strat.. one has to study (your thread), practice, ask one's self questions and try to answer them.

most importantly..
"if we manage our losses, the winners will take care of themselves"

gb
  • #15,904
  • Sep 16, 2011 3:22pm Sep 16, 2011 3:22pm
Interesting five part piece of documentary on FX trading during the 80's.
The traders sculping attitude, R:R wise, is quite appealing.

Inserted Video
  • #15,905
  • Sep 18, 2011 8:57am Sep 18, 2011 8:57am
Quoting Rubens PP
Interesting five part piece of documentary on FX trading during the 80's.
The traders sculping attitude, R:R wise, is quite appealing.

http://www.youtube.com/watch?v=q9brM...eature=related
Thanks Greek Bouncer. Seems unbelievable that these guys can trade GBP21 Million on a hope and a prayer - seat of the pants trading!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,906
  • Sep 23, 2011 4:43am Sep 23, 2011 4:43am
Closed out several positions on the way down.

Kept these two in case it turns into a thrill-seeking roller-coaster ride.

So, where would price action tell you to place your stop now?

Attached Image (click to enlarge)
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  • #15,907
  • Edited 5:20am Sep 23, 2011 4:53am | Edited 5:20am
First position closed. Second may be a little ambitious... (especially when you are paying rollover interest!)

Attached Image (click to enlarge)
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  • #15,908
  • Sep 23, 2011 4:58am Sep 23, 2011 4:58am
Attached Image (click to enlarge)
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  • #15,909
  • Sep 23, 2011 5:15am Sep 23, 2011 5:15am
Attached Image (click to enlarge)
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..waiting for me?
  • #15,910
  • Edited 8:27am Sep 23, 2011 5:55am | Edited 8:27am
Quoting trogger
Now short on fridays minor ss. (actually short against december/jan PA around 75. will exit and look to re-enter if close above fridays high)

boss:
Attachment

worker:
Attachment
Are we back in the 70 - 75 range?

[That "buy" on the chart below was a bit of an accident: had a take profit buy order to cancel the short I was in. Then closed the trade manually, forgetting to delete the buy order..!

Now, what did Strat say about "interfering" with your trade..?]
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  • #15,911
  • Sep 23, 2011 4:07pm Sep 23, 2011 4:07pm
Quoting Alexandra
Errrrr......yes

http://futures.tradingcharts.com/charts/GDC1.GIF
(Before you ask - not my personal chart)

Oh yeah, better be fool then.
  • #15,912
  • Sep 23, 2011 8:48pm Sep 23, 2011 8:48pm
Quoting simpleman
Oh yeah, better be fool then.
Indeed! Been waiting for that one. Glad someone is paying attention!
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  • #15,913
  • Sep 24, 2011 4:07am Sep 24, 2011 4:07am
Is time for this to TREND?
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  • #15,914
  • Sep 24, 2011 6:55pm Sep 24, 2011 6:55pm
Quoting trogger
Closed out several positions on the way down.

Kept these two in case it turns into a thrill-seeking roller-coaster ride.

So, where would price action tell you to place your stop now?

Attachment
A few pips above today's IB
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,915
  • Sep 25, 2011 11:49am Sep 25, 2011 11:49am
Quoting sf73
Is time for this to TREND?
The last time this thing started a meaningful trend was the end of August 2007 - those were the days!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,916
  • Sep 26, 2011 5:36am Sep 26, 2011 5:36am
Quoting Alexandra
Indeed! Been waiting for that one. Glad someone is paying attention!
Indeed- from a daily perspective and with hindsight and the double top, a short could have been justified. But, when looking at the weekly chart the trend is very much up still. There is still a pattern of HHs and HLs.

Would it not be better to wait for this Boss signal to be broken and then use the daily to fine tune a short entry in unison with the Boss? I don't even see a Boss reversal candle (as per Strat's teachings). I would be a seller on a Boss LH with PA reversal candle; I know I won't hit the exact top but at least one then has the Boss on one's side. I feel without this, all the boss is showing us is a profit taking reversion to the mean event? As long as 1472 is not broken the trend, IMHO, is still up?
Attached Image (click to enlarge)
Click to Enlarge Name: Gold Sept 11 Wkly.PNG Size: 66 KB
Trade less and become more profitable!
  • #15,917
  • Sep 26, 2011 10:20am Sep 26, 2011 10:20am
Trend is up and I bet there's lot of guys out there waiting for a nice move down to reload the cart.
Imagine if it went to 1000...
Silver to ....23?
Spinner 'Tis in the Waiting.....
  • #15,918
  • Sep 26, 2011 11:38am Sep 26, 2011 11:38am
Quoting Grimweasel
Indeed- from a daily perspective and with hindsight and the double top, a short could have been justified. But, when looking at the weekly chart the trend is very much up still. There is still a pattern of HHs and HLs.

Would it not be better to wait for this Boss signal to be broken and then use the daily to fine tune a short entry in unison with the Boss? I don't even see a Boss reversal candle (as per Strat's teachings). I would be a seller on a Boss LH with PA reversal candle; I know I won't hit the exact top but at least one then has the...
I thought you like counter trend trade (your NZDUSD post).

Gold has hit my target of 1550 and I think we will see higher prices than where they are now but it will be another opportunity to short if we see swing developing, I don't see it is going down to $1,000 but who am I to guess. Double top near $1900 was the sign of weakness.


Strat says counter trend is not for faint heart, if you know what you are doing then it is fine.
  • #15,919
  • Sep 26, 2011 3:35pm Sep 26, 2011 3:35pm
audusd LONG(s) anyone?
Too good of a worker candle on my charts to let pass

gb
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  • #15,920
  • Sep 26, 2011 3:51pm Sep 26, 2011 3:51pm
You mean like today Spinner. One el'uva stop distance however!! Looks like a flurry of bids came in around the 200DMA!
Attached Image (click to enlarge)
Click to Enlarge Name: Gold Sept 26 Daily Chart.PNG Size: 68 KB
Trade less and become more profitable!
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