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  • #16,201
  • Mar 22, 2012 4:58am Mar 22, 2012 4:58am
Quoting Rubens PP
Good day everyone,

Mr. Optimist and Mr. Trogger; Obviously, its a CT trade I'm talking about.
And hopefully trend-traders have already "filled their boots" following the pair UP.
The question I posed was " do we have enough evidence to support a move back to the 80.50 area, YET?

Patrick, you are wright, AUDJPY presents better opportunity. Been consistently skipping this pair, I have difficulty in trading it.

In fact I haven't sold usdjpy (YET), jut noticed what seems to be a turn-around on the yen pairs, is all.

good afternoon
b...
I closed a large position long Cad.jpy From (74.50) and closed approx hallf my long Usd.jpy position from (75.50 - 76) yesterday. I didn't short either pair, but do have a very small short on the Aud.jpy at approx the same entry as patrick. (have closed out one third of this position already).

Good luck.
  • #16,202
  • Mar 22, 2012 12:31pm Mar 22, 2012 12:31pm
Quoting Rubens PP
But what Im really looking out for,
is for EURUSD to re-gain its DOWN-trend and provide opportunity for shorts -once more

Right Patrick?

gb
Hi Rubens,

Eurusd is currently in its range. Trend trading is really hard in real time. I refer trading from SR to first SR and be consistent, just load up the lot size later.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy-3-22-12.gif Size: 19 KB
  • #16,203
  • Mar 22, 2012 2:16pm Mar 22, 2012 2:16pm
Quoting Rubens PP

..............Obviously, its a CT trade I'm talking about.
And hopefully trend-traders have already "filled their boots" following the pair UP.
The question I posed was " do we have enough evidence to support a move back to the 80.50 area, YET?


In fact I haven't sold usdjpy (YET), just noticed what seems to be a turn-around on the yen pairs, is all.
It is obvious that the JPY pairs are all in powerful UP trends at the present time.

What has happened is that the trends have been so strong that price has risen far too far, above the 20 day EMA.

The 20 Day EMA is regarded by many, as the true and correct exchange rate for the pair in question.

When price rises far above the 20 EMA, a pullback should be anticipated.

Now that these pullbacks/corrections are taking place, traders will soon have opportunities to re-enter the up trends in the JPY pairs with minimal risk.

It is possible to trade the pullbacks, as Patrick has done with the AUDJPY, but that is CT trading, and is a far riskier business that trading with the Immediate trend as shown on the Boss (Weekly).
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #16,204
  • Mar 22, 2012 5:08pm Mar 22, 2012 5:08pm
Another quickie on the list. A lot of confuences on this level, no wonder PA shows up.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad-3-22-12.gif Size: 23 KB
  • #16,205
  • Mar 22, 2012 8:21pm Mar 22, 2012 8:21pm
Quoting patrick25
Another quickie on the list. A lot of confuences on this level, no wonder PA shows up.

Attached Image (click to enlarge)
Click to Enlarge Name: stop.gif Size: 26 KB



... not so sure one would want to go long, however.
  • #16,206
  • Mar 22, 2012 8:45pm Mar 22, 2012 8:45pm
Quoting trogger
OK, so who took the add-on?

Attachment

I cleared half the original trade at 1.0350

Should be fairly obvious from the weekly why I was looking to re-enter/add to my remaining trade at the 1.05 level.

Attachment
Two more positions added here (1.05). One of the add-ons already closed at 1.035.
It's now "wait and see".
AUD is so weak now you could sell AUD against cheese and make money!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,207
  • Mar 22, 2012 8:48pm Mar 22, 2012 8:48pm
Quoting trogger
The FXCM Elliot wave (or should that be "Idiot wave"?) Theorist, called the Kiwi Long again this week (me wonders if he can actually see the resistance at 82.50-83?)

Of course, the DoodleBugs said "Dive!"

Attachment

three more positions on, with 2 just closed out around the 80.80

Now we wait.
It seemed to me, when I looked at his stuff that if you traded opposite to what he said, you would make money
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,208
  • Mar 22, 2012 8:51pm Mar 22, 2012 8:51pm
Quoting patrick25
Audjpy is better setup. Counter trend trade took no prisoner and moved to break even.
Keep watching - that counter trend trade may turn into "THE" trend - its a trade off which is weakest now AUD or JPY
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,209
  • Mar 22, 2012 8:55pm Mar 22, 2012 8:55pm
Quoting Rubens PP
Good day everyone,

Mr. Optimist and Mr. Trogger; Obviously, its a CT trade I'm talking about.
And hopefully trend-traders have already "filled their boots" following the pair UP.
The question I posed was " do we have enough evidence to support a move back to the 80.50 area, YET?

Patrick, you are wright, AUDJPY presents better opportunity. Been consistently skipping this pair, I have difficulty in trading it.

In fact I haven't sold usdjpy (YET), jut noticed what seems to be a turn-around on the yen pairs, is all.

good afternoon
b...
I think its more likely to find support around 81.50 and if that doesn't hold then 80.50 will be stronger support with a possible spike down to 79.50

We are waiting patiently for PASR to put us back in long with the current trend.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,210
  • Mar 22, 2012 8:58pm Mar 22, 2012 8:58pm
Quoting Rubens PP
But what Im really looking out for,
is for EURUSD to re-gain its DOWN-trend and provide opportunity for shorts -once more-

Right Patrick?

gb
We are also PATIENTLY waiting but we may have to wait until March finishes
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,211
  • Mar 23, 2012 1:08am Mar 23, 2012 1:08am
AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 155 KB
  • #16,212
  • Mar 23, 2012 11:54am Mar 23, 2012 11:54am
Quoting patrick25
Another quickie on the list. A lot of confuences on this level, no wonder PA shows up.
Trogger you better take those profits or their will be mine
Attached Image (click to enlarge)
Click to Enlarge Name: audcad-3-23-12.gif Size: 23 KB
  • #16,213
  • Mar 23, 2012 6:07pm Mar 23, 2012 6:07pm
Quoting patrick25
Trogger you better take those profits or their will be mine
Where are you taking profits, Patrick?
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,214
  • Mar 23, 2012 11:07pm Mar 23, 2012 11:07pm
Quoting strat
Where are you taking profits, Patrick?
I took the first position off around 30 pips. I will close the second position @ next R 1.0500 or the rejection of 20.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad-3-24-12.gif Size: 23 KB
  • #16,215
  • Mar 24, 2012 10:36am Mar 24, 2012 10:36am
Quoting patrick25
I took the first position off around 30 pips. I will close the second position @ next R 1.0500 or the rejection of 20.
Yes, watch the Strat Shadow for resistance
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,216
  • Mar 27, 2012 1:50pm Mar 27, 2012 1:50pm
Just posted on the website:

I felt my trading going "stale" and decided I needed to sharpen my PASR skills so I went back to M1 Boot Camp.

If you have an hour to spare then there is NOTHING like trading M1 to test your PASR and trading skills.

This is also good from a psychological point of view in that most people think M1 moves too fast. If you think it moves too fast then you have not reached the point in your trading career where you are confident of you, your method and the control of your Little People.

When you focus on M1 for an hour, you can see the SR levels without really having to draw them and just as important, the buying and selling pressure and who has control of price.

I REALLY recommend a trip to M1 once in a while to get a measure of where you REALLY are in your trading career.
Attached Image (click to enlarge)
Click to Enlarge Name: M1 Boot Camp.png Size: 51 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,217
  • Mar 28, 2012 6:52pm Mar 28, 2012 6:52pm
Quoting patrick25
Trogger you better take those profits or their will be mine



What, all that stress for 30 pips?

I talked to the Mantis - he said "add!"

Another 3 positions on, one off at the top of the hammer yesterday, another towards the tail of the hammer this morning and holding the remaining position.

Yesterday's chart:

Attached Image (click to enlarge)
Click to Enlarge Name: another.gif Size: 28 KB



Today's chart:

Attached Image (click to enlarge)
Click to Enlarge Name: today.gif Size: 27 KB
  • #16,218
  • Mar 30, 2012 5:43am Mar 30, 2012 5:43am
Eyes on GBPUSD,
next week is probably BUY Week!

gb
  • #16,219
  • Mar 30, 2012 12:12pm Mar 30, 2012 12:12pm
Quoting Rubens PP
Eyes on GBPUSD,
next week is probably BUY Week!

gb
Rubens,

If you are not in long already, you will be buying into Boss R.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-3-30-12w.gif Size: 23 KB
  • #16,220
  • Edited 7:24am Mar 31, 2012 7:12am | Edited 7:24am
Quoting patrick25
Rubens,

If you are not in long already, you will be buying into Boss R.

Patrick,I will be Buying with proper PA above 1.60 .
I do expect a Strat-wobble @1.650-1.660.

Check your PMs

gb
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