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  • #16,321
  • May 2, 2012 6:23pm May 2, 2012 6:23pm
Quoting patrick25
Missed target a few pips. Will see, if not, it is a pretty good charting.
You may want to think about pulling the plug, Patrick. The Worker has a double bottom at 50% fib retrace and the Boss and Big Boss are already at support.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,322
  • May 2, 2012 6:36pm May 2, 2012 6:36pm
Quoting strat
You may want to think about pulling the plug, Patrick. The Worker has a double bottom at 50% fib retrace and the Boss and Big Boss are already at support.
Thanks Strat, @ BE now.
  • #16,323
  • Edited 8:02am May 3, 2012 7:40am | Edited 8:02am
Quoting trogger
It brings the "official cash rate" for the kiwi. That's what.
Cos' it should just bring resolution of this rectangle here. That's why.

Attached Image (click to enlarge)
Click to Enlarge Name: boss.gif Size: 22 KB


And why is this level so important?

Have a look back along that horizontal line:

Attached Image (click to enlarge)
Click to Enlarge Name: 8170.gif Size: 19 KB


Hmmmm...



Attached Image (click to enlarge)
Click to Enlarge Name: kiwi.gif Size: 24 KB


Attached Image (click to enlarge)
Click to Enlarge Name: fxc.png Size: 27 KB


I think i'm short this pair!
  • #16,324
  • May 3, 2012 7:58am May 3, 2012 7:58am
Quoting trogger
Cos' it should just bring resolution of this rectangle here. That's why.

Attachment

And why is this level so important?

Have a look back along that horizontal level:

Attachment

Hmmmm...



Attachment

Attachment

I think i'm short this pair!

Bye for now.

And the Moral of this story..?



"Never Mess with the Mantis!" #16157




Bye for now.
  • #16,325
  • May 3, 2012 8:26am May 3, 2012 8:26am
for strat and others....

i am reading again and again from page 1-25....
can i post some chart analysis with 20 EMA & 50 SMA on the chart,
i think i need to do this to make me understand better about this before i go to the next step....
  • #16,326
  • May 3, 2012 10:07am May 3, 2012 10:07am
[quote=trogger;5633889]And the Moral of this story..?

Wild Thing, you are the perfect example of UNDERSTANDING your "home" currency and trading it.

You can't beat specialisation - only an egg!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,327
  • May 3, 2012 10:08am May 3, 2012 10:08am
Quoting fathonezic
for strat and others....

i am reading again and again from page 1-25....
can i post some chart analysis with 20 EMA & 50 SMA on the chart,
i think i need to do this to make me understand better about this before i go to the next step....
Go ahead but they are both Exponential MAs.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,328
  • May 3, 2012 10:14am May 3, 2012 10:14am
Quoting strat
Go ahead but they are both Exponential MAs.
oww... did you change the MAs rule ?? because, from what i read the 50 MA is SMA... but ok, i will change the MA in my chart...
  • #16,329
  • May 4, 2012 9:29am May 4, 2012 9:29am
PRICE coming down to test support again.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,330
  • May 4, 2012 6:06pm May 4, 2012 6:06pm
Since I am back on PST time again, I am including H4 trading using the Worker and Boss.

One of the many JPY pairs yesterday
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy H4 2pm PST.jpg Size: 49 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,331
  • May 4, 2012 7:02pm May 4, 2012 7:02pm
With EURUSD seemingly in a deadlock at 1.3, I have posted our trading strategy on you know where.

As usual, there is NO PREDICTION to direction, just action to take when certain situations occur.

We are NEITHER BEARS nor BULLS, we are just dedicated followers of PRICE.

(Maybe I have been listening to Ray Davies and the Kinks and got my fashion and PRICE mixed up!)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd boss.jpg Size: 50 KB
Click to Enlarge Name: eurusd worker.jpg Size: 55 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,332
  • May 5, 2012 3:51pm May 5, 2012 3:51pm
Dear strat and others....
before going to MAs, i want to learn and understand how to draw S/R lines...
please, feel free to make correction.

this is the 1st from GBP/NZD pair.

1st, i open weekly chart and change it to line chart :

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd-weekly.gif Size: 14 KB


and then, i do it again for the daily chart, but i think the S/R become too many

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd-daily.gif Size: 23 KB


please give constructive correction
  • #16,333
  • May 5, 2012 5:05pm May 5, 2012 5:05pm
Quoting fathonezic
Dear strat and others....
before going to MAs, i want to learn and understand how to draw S/R lines...
please, feel free to make correction.

this is the 1st from GBP/NZD pair.

1st, i open weekly chart and change it to line chart :

Attachment

and then, i do it again for the daily chart, but i think the S/R become too many

Attachment

please give constructive correction
ALWAYS start with the Big Boss and identify the major swings and draw your SR lines. Then toggle this chart to the Boss and fine tune the SR lines to the Boss then toggle this chart to the Worker and fine tune the SR lines to the Worker. These are my red lines.

Then identify Worker SR - these are my black lines

When you use them for trading you ONLY want 2 SR lines - R above PRICE and S below PRICE and as they are reached/broken, add in the next lines.

Too many lines will confuse you.

Hopefully you are just doing this as an exercise and NOT trading GBPNZD which is wild and volatile and will eat and gobble up wannabe traders for breakfast and spit them out in tiny pieces.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpnzd big boss.jpg Size: 54 KB
Click to Enlarge Name: gbpnzd boss.jpg Size: 55 KB
Click to Enlarge Name: gbpnzd worker.jpg Size: 53 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,334
  • May 5, 2012 7:27pm May 5, 2012 7:27pm
thx so much strat...
yes, i dont trade before i understand how to read the price action properly from the chart.

this is only for learning and practice.... i know that GBP/NZD is quite volatile

ok, i think i will post another chart... i have to keep practice
  • #16,335
  • May 5, 2012 8:22pm May 5, 2012 8:22pm
this one comes from AUD/USD...
i start with the big boss, then to the boss, and add 2 S/R lines in the worker chart... looks nice, i think i have understood better than before

orange line = big boss
green line = boss
magenta line = worker

Attached Image (click to enlarge)
Click to Enlarge Name: audusd-monthly-bigboss.gif Size: 19 KB


Attached Image (click to enlarge)
Click to Enlarge Name: audusd-weekly-boss.gif Size: 20 KB


Attached Image (click to enlarge)
Click to Enlarge Name: audusd-daily-worker.gif Size: 21 KB


please correction
  • #16,336
  • May 5, 2012 8:46pm May 5, 2012 8:46pm
This one is from NZD/USD...

orange line = big boss
green line = boss
magenta line = worker

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-monthly-bigboss.gif Size: 12 KB


Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-weekly-boss.gif Size: 18 KB


Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-daily-worker.gif Size: 21 KB
  • #16,337
  • May 6, 2012 12:30am May 6, 2012 12:30am
GBP/USD

Bigboss
Attached Image (click to enlarge)
Click to Enlarge Name: cable-monthly-bigboss.gif Size: 23 KB

Boss
Attached Image (click to enlarge)
Click to Enlarge Name: cable-weekly-boss.gif Size: 18 KB

Worker
Attached Image (click to enlarge)
Click to Enlarge Name: cable-daily-worker.gif Size: 23 KB
  • #16,338
  • May 6, 2012 1:42am May 6, 2012 1:42am
EUR/JPY
please correction...

big boss
Attached Image (click to enlarge)
Click to Enlarge Name: ej-monthly-bigboss.gif Size: 21 KB

boss
Attached Image (click to enlarge)
Click to Enlarge Name: ej-weekly-boss.gif Size: 21 KB

worker
Attached Image (click to enlarge)
Click to Enlarge Name: ej-daily-worker.gif Size: 20 KB
  • #16,339
  • May 6, 2012 3:59am May 6, 2012 3:59am
USD/JPY,
please correction

big boss
Attached Image (click to enlarge)
Click to Enlarge Name: uj-monthly-bigboss.gif Size: 20 KB

boss
Attached Image (click to enlarge)
Click to Enlarge Name: uj-weekly-boss.gif Size: 18 KB

worker
Attached Image (click to enlarge)
Click to Enlarge Name: uj-daily-worker.gif Size: 19 KB
  • #16,340
  • Edited 6:19pm May 6, 2012 1:13pm | Edited 6:19pm
Just keep practicing and WATCHING what PRICE does at these lines. After you have spent thousands of hours studying thousands of charts, you will be able to do it with your eyes closed!
15 YEARS OF PASR ON FOREX FACTORY!
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