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  • #16,001
  • Nov 16, 2011 1:06pm Nov 16, 2011 1:06pm
JohnDev's Journey Posted: Tue Nov 15, 2011 8:09 am

Having just completed my first month around these parts, thought it time to post an example of a current trade, taken using some of the techniques learnt here so far ...

I've been a fan of 4-hour charts for quite a long time, so this is what I'm using here on EURUSD.

At 1 on the chart we had this week's opening gap up which sold off quickly and was confirmed as a swing high by the candle at 2.

At this time R had been rejected multiple times (as had previous R) and with the orientation of the other MAs, I was initially looking to a swing trade and entered short during the candle at 3.

As price continued down, price dropped below the 20, fulfilling conditions for a negative Strat Shadow. With the candle highs clearing the 20, I switched to a trend trading hat and sold the low of the blue candle at 4

Comments welcome ...
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,002
  • Nov 17, 2011 4:58pm Nov 17, 2011 4:58pm
Higher prices ahead for this pair..
My guess is first stop around the 1.82 area.

This week was a nice time to buy IMO.

TREND CHANGE until the Big Boss gives new orders
gb
  • #16,003
  • Nov 17, 2011 6:37pm Nov 17, 2011 6:37pm
Quoting Rubens PP
Higher prices ahead for this pair..
My guess is first stop around the 1.82 area.

This week was a nice time to buy IMO.

TREND CHANGE until the Big Boss gives new orders
gb
Interesting...depending on PA turning up, I see potential strength in NZD across a number of pairs...1.78 is pretty solid resistance in this pair IMO. Also NZD/USD looks like its in a good location for a bounce up and EUR/USD looks like it may break down below 1.35, therefore EUR/NZD short.....my 10c worth anyway.
  • #16,004
  • Nov 17, 2011 8:04pm Nov 17, 2011 8:04pm
Quoting patrick25
Thank you Rubens and Strat. I sent myself back to page 1 again and I am glad I did.
Second position closed, finished a three days trade from R to S.
Attached Image (click to enlarge)
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  • #16,005
  • Nov 17, 2011 9:05pm Nov 17, 2011 9:05pm
Quoting patrick25
Second position closed, finished a three days trade from R to S.
Thanks Patrick, a perfect basic PASR trade.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,006
  • Nov 17, 2011 9:10pm Nov 17, 2011 9:10pm
Quoting Rubens PP
Higher prices ahead for this pair..
My guess is first stop around the 1.82 area.

This week was a nice time to buy IMO.

TREND CHANGE until the Big Boss gives new orders
gb
All 3 time frames are at R, Greek Bouncer - we first need to watch what PRICE does here. A strong close above on the Big Boss is needed for continuation of the up move. If not, its back down into the channel.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,007
  • Nov 17, 2011 10:18pm Nov 17, 2011 10:18pm
Quoting strat
All 3 time frames are at R, Greek Bouncer - we first need to watch what PRICE does here. A strong close above on the Big Boss is needed for continuation of the up move. If not, its back down into the channel.
we have a general election 26 november.
result is far from certain.
  • #16,008
  • Nov 17, 2011 10:36pm Nov 17, 2011 10:36pm
Quoting strat
All 3 time frames are at R, Greek Bouncer - we first need to watch what PRICE does here. A strong close above on the Big Boss is needed for continuation of the up move. If not, its back down into the channel.
Thanks for the confirmation Strat, that what I see too.
  • #16,009
  • Nov 18, 2011 3:37am Nov 18, 2011 3:37am
Quoting strat
All 3 time frames are at R, Greek Bouncer - we first need to watch what PRICE does here. A strong close above on the Big Boss is needed for continuation of the up move. If not, its back down into the channel.

Thank you guys,
I will have to look into that a little closer (study a bit more).
All I see i imminent Big Boss R @1.80ish

Both W and Boss look to have broken their R's.

gb
  • #16,010
  • Nov 18, 2011 10:23am Nov 18, 2011 10:23am
been a while i posted on here,most times my take profits or stop loss are always triggered before i can have the chance to check them,thats by the way. i am long on eurnzd,i can only see this pair go long,the resistance on the weekly has been broken,besides,august and september monthly candles shows the buyers coming in,october monthly candle only shows a retracement as far as i am concerned and this month is showing the strenght of the buyers,thats just my own interpretation of the chart,i have attached a daily chat of eurnzd, i have closed my first position at 100 pips,my target for the second remaining position is 1.88ish. Positive pips to you all.
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  • #16,011
  • Nov 21, 2011 7:26am Nov 21, 2011 7:26am
Quoting strat
You got that right, Greek Bouncer
Down to 4hr entry and PA below R + Negative Strat shadow, first position off.
Attached Image (click to enlarge)
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  • #16,012
  • Nov 21, 2011 10:37am Nov 21, 2011 10:37am
Quoting patrick25
Down to 4hr entry and PA below R + Negative Strat shadow, first position off.
This is getting too easy for you, Patrick!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,013
  • Nov 21, 2011 6:13pm Nov 21, 2011 6:13pm
Quoting strat
This is getting too easy for you, Patrick!
Thanks Strat, that was a nice setup everything line up.
  • #16,014
  • Nov 23, 2011 4:20am Nov 23, 2011 4:20am
Hello everyone,

I sold the Nov 18th SS. I saw confluence of TL (DSR) and R ..
Now waiting for minor S @1.342ish to break


Anyone else in this?
Opinions on eurusd ?

gb
  • #16,015
  • Nov 23, 2011 9:31am Nov 23, 2011 9:31am
Quoting Rubens PP
Hello everyone,

I sold the Nov 18th SS. I saw confluence of TL (DSR) and R ..
Now waiting for minor S @1.342ish to break


Anyone else in this?
Opinions on eurusd ?

gb
Some of us have been short from Oct 31 and added on Nov 9 and yesterday Nov 23. 1.35 has been testing our PATIENCE ever since.

The Big Boss will soon reach support and demand at 1.3

If the French banks join in the PIGS mess then a loss in confidence will see this down to 1.27, and then 1.22
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,016
  • Nov 23, 2011 10:00am Nov 23, 2011 10:00am
Quoting strat
Some of us have been short from Oct 31 and added on Nov 9 and yesterday Nov 23. 1.35 has been testing our PATIENCE ever since.

DREAM trading I call this..
Good job Strat.

It's good for all of us SHORT eurusd, that PRICE moved the way it did today ..

gb
  • #16,017
  • Nov 23, 2011 1:50pm Nov 23, 2011 1:50pm
Quoting Rubens PP
DREAM trading I call this..
Good job Strat.

It's good for all of us SHORT eurusd, that PRICE moved the way it did today ..

gb
DREAM trading I call this..

Maybe you should sign up to the Dream Machine then and join the Dreamers but there again your subscription will probably be the straw to break the camel's back in Greece!

Freddie and the Dreamers were an English band who had a number of hit records between May 1963 and November 1965. Their stage act was based around the comic antics of the 5-foot-3-inch-tall (1.60m) Freddie Garrity, who would bounce around the stage with arms and legs flying.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,018
  • Nov 23, 2011 3:20pm Nov 23, 2011 3:20pm
Quoting strat
DREAM trading I call this..

Maybe you should sign up to the Dream Machine then and join the Dreamers but there again your subscription will probably be the straw to break the camel's back in Greece.
Dear Strat,
I dont know which is the case. .!
Either i dont understand english./arabic idioms,
either I cant quite get your mood. .! ;-)
  • #16,019
  • Nov 23, 2011 7:32pm Nov 23, 2011 7:32pm
Quoting Rubens PP
Dear Strat,
I dont know which is the case. .!
Either i dont understand english./arabic idioms,
either I cant quite get your mood. .! ;-)
Greek Bouncer, while you DREAM of trades, we are DOING them!

Is that simple enough language?
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,020
  • Nov 24, 2011 12:32pm Nov 24, 2011 12:32pm
Quoting patrick25
Down to 4hr entry and PA below R + Negative Strat shadow, first position off.
Finished the trade with my second position closed. Looking back to all my trades, I have more wins with Gbpusd maybe I have a thing with her. I will give her more attention now.
Attached Image (click to enlarge)
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