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  • #16,361
  • May 11, 2012 5:50pm May 11, 2012 5:50pm
1. Monthly trend is at a tradeable range and monthly direct trend down ON MY CHARTS and on another 4 brokers charts.

2. We obviously follow different approach on S/R identification. My approach saved my account.

3. 2 period Weekly SS on all 5 brokers. I am lazy to post a the charts


"The Hammer is still valid until there is a close below it and if that happens, its no big deal, that's what stops are for. We don't expect to win on every trade."

I will only say, the second day gave you the chance to avoid taking FULL CANDLE LOSS.

When and If a valid buy setup appeared I will post it with FULL analysis and it will be free.

No hard feelings
  • #16,362
  • May 11, 2012 7:09pm May 11, 2012 7:09pm
[quote=Michael-SPA;5660857]1. Monthly trend is at a tradeable range and monthly direct trend down ON MY CHARTS and on another 4 brokers charts.

The Big Boss has been in an UP trend since January 2012

2. We obviously follow different approach on S/R identification. My approach saved my account.

We can only trade what WE SEE on OUR charts - I can't trade what you have on your charts

3. 2 period Weekly SS on all 5 brokers. I am lazy to post a the charts

I too have several brokers and not one of them has a Shooting Star on the Boss!


"The Hammer is still valid until there is a close below it and if that happens, its no big deal, that's what stops are for. We don't expect to win on every trade."

I will only say, the second day gave you the chance to avoid taking FULL CANDLE LOSS.

My Stop Loss has not been hit yet so they are still open

When and If a valid buy setup appeared I will post it with FULL analysis and it will be free.

No hard feelings

None taken - these were add on trades anyway so still in net profit no matter what happens.

Just as an aside, my Hammer was also resting on the Weekly open price - another bullish consideration.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,363
  • May 12, 2012 12:49am May 12, 2012 12:49am
Quoting strat
I will mention only 4 reasons:
1. Monthly direct trend not in sync
Big Boss is UP on my charts
2. Weak close below Weekly R
Not on my charts
3. The Daily hammer is fighting the Weekly 2 period shooting star
No Boss Shooting Star on my charts
4. Where you placed your second buy stop is the FCL (first concern level)
This is what I posted on the website regarding that level:
Hi Strat,

Can you please illustrate your comment with chart! It's better than thousand words!

Regards,
Toyogo
  • #16,364
  • May 12, 2012 2:46am May 12, 2012 2:46am
2 PERIOD SS & with new data in the chart we've got a 2 PERIOD BEOC.

Can you post your chart for comparison???
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  • #16,365
  • May 12, 2012 3:36am May 12, 2012 3:36am
Until we SEE a non failure swing bottom in our charts the Monthly trend is at RANGE. So, Monthly price is ranging at a bigger consolidation triangle.

Tell me what is the Direct trend of the Monthly? and why did you ignore it and trade against even by adding on a winning trade?

One more for the invalid hammer. The lack of CONFLUENCE of dynamic and static support levels (location, location, location).
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  • #16,366
  • May 12, 2012 6:37am May 12, 2012 6:37am
We still going on with these never ending conversations about which/where is the trend?

Of course you both ate taking different point of views as to which the trend is and most probably both are right from their own perspective. doesn't make the conversation less boring.

So, maybe you can agree on what u take into account as a trend and build an idea from there.....

We've already had these trend discussions enough times in the thread.

For a double shooting period star I would understand a setup with two shooting stars on after the other. Here you might call it a two week shooting star? But mostly an Inside Bar is what I see.

For some reason Michael, you're coming across as angry.

The main idea I think, is to build, not to destroy.
Spinner 'Tis in the Waiting.....
  • #16,367
  • May 12, 2012 7:55am May 12, 2012 7:55am
Spinner I can be angry sometimes with the markets and with myself but never with a fellow trader. I am just surprised…

Yes, there is a right trend concept and it is the one that giving meaning to our analysis with the probabilities of being right higher than being wrong.

Where do you see the inside bar? Two week SS or two period SS is the same, isn't it?
  • #16,368
  • May 12, 2012 6:09pm May 12, 2012 6:09pm
Quoting Michael-SPA
Spinner I can be angry sometimes with the markets and with myself but never with a fellow trader. I am just surprised…

Yes, there is a right trend concept and it is the one that giving meaning to our analysis with the probabilities of being right higher than being wrong.

Where do you see the inside bar? Two week SS or two period SS is the same, isn't it?
Michael-SPA, it seems you are hell bent on proving me and my analysis wrong, so yes, I am wrong and you are right.

End of discussion
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,369
  • May 12, 2012 7:46pm May 12, 2012 7:46pm
Quoting strat
Michael-SPA, it seems you are hell bent on proving me and my analysis wrong, so yes, I am wrong and you are right.

End of discussion
Those are not pointless posts Strat. They are pointless to most people, but are very informative to those who read between the lines. Yes Strat, you are so wrong but I like it.
  • #16,370
  • May 12, 2012 9:13pm May 12, 2012 9:13pm
Strat and friends you are uncovered and you expect people to trust you. Reconsider your trading plan and then chase the poor people to sell it. I am watching you.
  • #16,371
  • May 13, 2012 10:18am May 13, 2012 10:18am
rofl:
Spinner 'Tis in the Waiting.....
  • #16,372
  • May 13, 2012 12:28pm May 13, 2012 12:28pm
Quoting Michael-SPA
Strat and friends you are uncovered and you expect people to trust you. Reconsider your trading plan and then chase the poor people to sell it. I am watching you.
and that's the stuff you smoke!
  • #16,373
  • May 13, 2012 8:00pm May 13, 2012 8:00pm
There is trend disorder among all timeframes. The price is trapped between unconfirmed S/R levels. Price can do whatever she wants. Stories like this make me think the casino betting is better alternative with more chances to win.

And a hope: You might get a second chance. Do not miss this opportunity.

Smoking can harm your health but I can show you something that will definitely not harm your account. Pay attention the next few months and it will be FREE.
Attached Image (click to enlarge)
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  • #16,374
  • May 14, 2012 3:09am May 14, 2012 3:09am
Nice

What are those letters? wnc, etc
Spinner 'Tis in the Waiting.....
  • #16,375
  • May 14, 2012 3:57am May 14, 2012 3:57am
Quoting Spinner
Nice

What are those letters? wnc, etc
Spinner, you was watching inside candles and now you see wnc. There is not an abbreviation like that or maybe I smoke something and i write letters.

UNC stands for unconfirmed

MS/R Monthly S or R
WS/R Weekly S or R

SEC stands for secondary

If you are a good boy I will define them for you and explain how you properly identify them.

I forgot: Love & Peace
  • #16,376
  • May 14, 2012 6:14am May 14, 2012 6:14am
I agree I like you Michael

Quoting Michael-SPA
There is trend disorder among all timeframes. The price is trapped between unconfirmed S/R levels. Price can do whatever she wants. Stories like this make me think the casino betting is better alternative with more chances to win.

And a hope: You might get a second chance. Do not miss this opportunity.

Smoking can harm your health but I can show you something that will definitely not harm your account. Pay attention the next few months and it will be FREE.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #16,377
  • Edited 9:21am May 14, 2012 7:07am | Edited 9:21am
Regarding gbpusd,

Strat's right (doesn't need my confirmation, but Im just saying).

Clearly, Worker: Up-trend; Boss: Up-trend; Big Boss: UP

Unconfirmed SR, hmm.. I dont think so, 1.6050 looks pretty confirmed to me.

Therefore, I will be buying, provided PA proves itself.
I would have bought on the May 9th candle (Strat's suggestion) but.. a) my charts showed a doji b) I didnt like Boss.

PRICE IS at confluence levels no doubt about that. Let PA show the way

gb
  • #16,378
  • May 14, 2012 7:51am May 14, 2012 7:51am
1.6 to 1.63 maybe
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #16,379
  • May 14, 2012 9:53am May 14, 2012 9:53am
Quoting Money Magnet
and that's the stuff you smoke!
Accept my apologies. This is not me.
  • #16,380
  • May 14, 2012 10:41am May 14, 2012 10:41am
Quoting Michael-SPA
Accept my apologies. This is not me.
Not neccessary to me.
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