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  • #16,661
  • Jul 15, 2012 9:47pm Jul 15, 2012 9:47pm
Quoting patrick25
For example on GBPCAD, I have minimized my risk now I can explore the trend and I have Strat shadow behind me.
Hi Patrick

If I had a chart for that I would say I would probably regard the trend as short on daily, not a difficult decision. I have no idea for W or M.

Larry
  • #16,662
  • Jul 15, 2012 9:48pm Jul 15, 2012 9:48pm
Quoting patrick25
Hi Larry,
I am not quatify to disagree. About trend trading, I am not quatify either but I realise that it all about how you read PA. The momentum counter trend can change to new trend. PA around our 20&50 can tell me if it makes to a new trend or countinues current trend. I control risk and minimize risk and watch PA to explore the trend. I also realise that if you think about profit when you open trades to explore the trend, you will have hard time trend trading. I am still a baby @ trend trading.
I am still a baby @ trend trading.

Come and join us on the website, Patrick, we have a whole thread dedicated to trend trading. The cost for the membership is peanuts compared to the return the members make. One successful trend trade will pay for the full year of membership and after that it is FREE.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,663
  • Jul 15, 2012 9:50pm Jul 15, 2012 9:50pm
Quoting LarryK
Hi Patrick

If I had a chart for that I would say I would probably regard the trend as short on daily, not a difficult decision. I have no idea for W or M.

Larry
Boss and Big Boss are in consolidation, going sideways so Patrick will have to soon take his profits and run.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,664
  • Jul 15, 2012 9:53pm Jul 15, 2012 9:53pm
Quoting strat
I don't know why Roger isn't replying so I will give you my input:

EURAUD D W M short
Agree, Down – Dr. Joe’s favourite pair!

EURCAD D W M short
Agree, Down

EURGBP D short, W maybe soon short, M ranging
Agree, Down

EURJPY D short, W & M ranging
All ranging

EURUSD D W short, M ranging
W,M short, D consolidation


You've still got it Larry, no need to worry.
...
Thanks Strat

All I still got is a small live account, forever a learner, but I found the holy grail, looked in the mirror and there it was!

Larry
  • #16,665
  • Jul 16, 2012 4:59pm Jul 16, 2012 4:59pm
So frustrated today,
since i found out that the FX Pro platform i have been using on my iphone was shut down. It got replaced by a universal MT4 app which... Does NOT have weekly and monthy charts (as the old application did).

Im not using my phone to trade, but it so happens when your away from a laptop/pc, you just wanna check charts at your convenience.

Anyone else has the same prob?
Any suggestions? Any other apps you guys use ?

Gb
  • #16,666
  • Jul 17, 2012 1:44am Jul 17, 2012 1:44am
Quoting Rubens PP
So frustrated today,
since i found out that the FX Pro platform i have been using on my iphone was shut down. It got replaced by a universal MT4 app which... Does NOT have weekly and monthy charts (as the old application did).

Im not using my phone to trade, but it so happens when your away from a laptop/pc, you just wanna check charts at your convenience.

Anyone else has the same prob?
Any suggestions? Any other apps you guys use ?

Gb
Anyone and everyone using that app is in the same boat. FXPro and others have been advising for many weeks that the app would be getting shut down owing, I think, to some licencing dis-agreement. As yet there is no equivelant alternative that I am aware of but I am sure FXPro would have already let you know about the closure and will let you know about a replacement. Just watch your email.
Cheers.
  • #16,667
  • Jul 18, 2012 1:54pm Jul 18, 2012 1:54pm
Quoting Rubens PP
So frustrated today,
since i found out that the FX Pro platform i have been using on my iphone was shut down. It got replaced by a universal MT4 app which... Does NOT have weekly and monthy charts (as the old application did).

Im not using my phone to trade, but it so happens when your away from a laptop/pc, you just wanna check charts at your convenience.

Anyone else has the same prob?
Any suggestions? Any other apps you guys use ?

Gb
If your just looking to view a simple chart (D, W, M, Y) try the Citi Foreign Exchange Rates app on the App Store. I dont use FX Pro but this might give you what you need.
  • #16,668
  • Jul 19, 2012 11:04am Jul 19, 2012 11:04am
Momemtum and PA around 20&50 and Strat shadow help telling me current trend may not continue. Inside bars help me measure the risk and minimize the risk faster to explore the opportunity.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-7-19-12.gif Size: 21 KB
  • #16,669
  • Jul 19, 2012 8:39pm Jul 19, 2012 8:39pm
Quoting strat
You may want to consider just pulling your SL up to 50% of the July 5th bar - that way you will still be in if PRICE continues higher and still get out with a good profit if PRICE reverses - all depends on your tolerance for risk
Did you stay in, Patrick?
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,670
  • Jul 19, 2012 8:48pm Jul 19, 2012 8:48pm
Anyone else in this Magic Carpet Ride?
Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,671
  • Jul 19, 2012 11:17pm Jul 19, 2012 11:17pm
Quoting strat
Anyone else in this Magic Carpet Ride?
Well now. if that doesn't look like an upside down EURAUD chart!

Depends whether you like riding up or down escalators which one you trade.
Personally I leave ALL CHF pairs alone, only because of the SNB market interference.

Larry
  • #16,672
  • Jul 19, 2012 11:47pm Jul 19, 2012 11:47pm
Quoting strat
Did you stay in, Patrick?
No, I was all out before your post, but happy with the decision.
  • #16,673
  • Jul 20, 2012 3:27am Jul 20, 2012 3:27am
Quoting patrick25
Momemtum and PA around 20&50 and Strat shadow help telling me current trend may not continue. Inside bars help me measure the risk and minimize the risk faster to explore the opportunity.

Not counter-trend IMO Patrick, more of a triangle.

NZDUSD stilll retains its Down-Trend. But there's lack of monentum.

Needless to say, once more, good job!

gb
Attached Image (click to enlarge)
Click to Enlarge Name: audusd triangle.JPG Size: 91 KB
  • #16,674
  • Jul 20, 2012 3:37am Jul 20, 2012 3:37am
@AltosTrader @HurleyGroup
thank you for your input guys.

Still, no app matches the former FX Pro app for checking charts.
I hope it is soon replaced.
  • #16,675
  • Jul 20, 2012 9:03am Jul 20, 2012 9:03am
Quoting LarryK
Well now. if that doesn't look like an upside down EURAUD chart!

Depends whether you like riding up or down escalators which one you trade.
Personally I leave ALL CHF pairs alone, only because of the SNB market interference.

Larry
because of the SNB market interference.

That's why we ALWAYS use a SL, Larry.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,676
  • Jul 20, 2012 10:45am Jul 20, 2012 10:45am
Quoting LarryK


Personally I leave ALL CHF pairs alone, only because of the SNB market interference.

Larry
The attached chart of USDCHF speaks for itself; don't you think?
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf d1 20 july - no snb intervention.jpg Size: 144 KB
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #16,677
  • Jul 21, 2012 3:02am Jul 21, 2012 3:02am
Quoting strat
because of the SNB market interference.

That's why we ALWAYS use a SL, Larry.
No argument with using a stop loss.

Just making the case that dealing with the SNB can be avoided for the time being as for example taking a EURUSD and a USDCHF trade at the same time is double risk, it is the same trade in the current environment so choose one or the other, but not both.

Larry
  • #16,678
  • Jul 21, 2012 3:06am Jul 21, 2012 3:06am
Quoting No1Optimist
The attached chart of USDCHF speaks for itself; don't you think?
Not sure of what your point is.

I bet your EURUSD chart says exactly the same in the other direction.

Of course a chart of the EURCHF does speak for itself and the SNB!

Larry
  • #16,679
  • Jul 21, 2012 10:30am Jul 21, 2012 10:30am
Quoting LarryK

I bet your EURUSD chart says exactly the same in the other direction.

Larry
Not so, Larry! There have been times when they have been trading in tandem plus USDCHF is less volatile and smoother.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf v eurusd.png Size: 40 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,680
  • Jul 25, 2012 3:19pm Jul 25, 2012 3:19pm
Here is an extract from the members' website posted on July 13, 2012


""Strat
Post subject: Re: EURUSD
Posted: Fri Jul 13, 2012 10:44 am

So, ""if"" this count is true, and ""if"" Elliott Wave theory holds true, we are in the 5th wave.

Our problem now is, where are we in the 5th wave?

The wave ratios and fib retracements are aligned to suggest we have just completed wave 3 of wave 5.

""If"" this is correct, then Elliott Wave theory tells us that we should expect a fib retrace of 38.2% to 61.8% for corrective wave 4.

A 38.2% retrace will pull PRICE back up to 1.2385 and 1.2523 for a 61.8% retrace.

The first target for the end of Wave 5 based on Wave 3 projections is 1.2064""


Target reached 11 days later!
15 YEARS OF PASR ON FOREX FACTORY!
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