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  • #17,341
  • Jan 10, 2013 2:31pm Jan 10, 2013 2:31pm
GBPUSD

So, now it looks better. BUEB of support and trendline. Closing above strat shadow.
But SL would be near 200 pips while strong resistance is about 100 pips away.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_daily.PNG Size: 42 KB
  • #17,342
  • Jan 10, 2013 6:36pm Jan 10, 2013 6:36pm
Quoting BaliuxXx
GBPUSD

So, now it looks better. BUEB of support and trendline. Closing above strat shadow.
But SL would be near 200 pips while strong resistance is about 100 pips away.

Attachment
I wouldn't touch it! Today's candle is huge and since it is at resistance, it could be a final push to resistance similar to that of January 02 except the sellers came in with a bang!

Did you check what the BOSS is telling you?
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,343
  • Jan 10, 2013 7:13pm Jan 10, 2013 7:13pm
Quoting patrick25
I plan my trade and trade my plan with PA. I have a set of rules when they are met, the trade is on. I don't put a lot of risk on the trade because I am wrong most of the time but when I am right my small risk will accumulate.
Trade is going according to plan. First target hit, moved second position to BE.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-1-10-13r.gif Size: 23 KB
  • #17,344
  • Jan 11, 2013 1:12am Jan 11, 2013 1:12am
Quoting strat
I wouldn't touch it! Today's candle is huge and since it is at resistance, it could be a final push to resistance similar to that of January 02 except the sellers came in with a bang!

Did you check what the BOSS is telling you?
Yes. I looked at it. It has BUOB from resistance.
  • #17,345
  • Jan 11, 2013 9:29am Jan 11, 2013 9:29am
Quoting BaliuxXx
Yes. I looked at it. It has BUOB from resistance.
A visit to the Optician may be in order - the BOSS is a BEOB!
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,346
  • Jan 11, 2013 12:24pm Jan 11, 2013 12:24pm
Quoting strat
A visit to the Optician may be in order - the BOSS is a BEOB!
Sorry, my fault BEOB
  • #17,347
  • Jan 11, 2013 12:27pm Jan 11, 2013 12:27pm
Quoting BaliuxXx
Ok, that makes sense. Thanks!

But i.e.

EURNZD

In this situation, I think, it doesn't matter if we are above strat shadow or below? Strat shadow is going sideways and price is ranging.

Attachment

If it closes today like this BUOB, I'm buying this.
Both TP were hit. One at 1.5820, second at 1.5870.
  • #17,348
  • Jan 11, 2013 4:39pm Jan 11, 2013 4:39pm
Quoting BaliuxXx
Both TP were hit. One at 1.5820, second at 1.5870.
But PRICE closed at 1.5940 - are you trailing a 3rd position?
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,349
  • Jan 11, 2013 4:47pm Jan 11, 2013 4:47pm
Quoting strat
But PRICE closed at 1.5940 - are you trailing a 3rd position?
Nop. I've had only two positions opened.
  • #17,350
  • Jan 11, 2013 5:57pm Jan 11, 2013 5:57pm
Quoting BaliuxXx
Nop. I've had only two positions opened.
As long as you and your Little People are happy, that's all that matters (at this point).
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,351
  • Jan 11, 2013 5:58pm Jan 11, 2013 5:58pm
Discussion on website on using the Strat Shadow instead of trend lines
Attached Image (click to enlarge)
Click to Enlarge Name: trendlines with Strat Shadow.png Size: 65 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,352
  • Jan 12, 2013 1:32am Jan 12, 2013 1:32am
A request to posters here, so many have recently been posted discussing some aspect of a trade or setup without specifying the pair under discussion, leaves me having to guess which chart to consult to understand the discussion.

Larry
  • #17,353
  • Jan 13, 2013 10:29am Jan 13, 2013 10:29am
Quoting strat
As long as you and your Little People are happy, that's all that matters (at this point).
Trailing the third position. Wouldn't it be trend trading? You've always said that beginners should trade from SR to the next SR only.
  • #17,354
  • Jan 13, 2013 12:50pm Jan 13, 2013 12:50pm
AUDJPY

As all JPY pairs at resistance now. Possible pullback to strat shadow. Would be good point to enter the trend.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY_daily.PNG Size: 34 KB
  • #17,355
  • Jan 13, 2013 3:14pm Jan 13, 2013 3:14pm
Just posted on the website by an absent member:

Hi Strat,

So sorry I've not been active in this forum. But i did not stop trading. Been a long time and now i'm a new mother!

I just delivered a baby boy in October and still trading daily using your method. And still profiting. Winning rate is still very high even though i do not read new posts on the forum.

I still only use the basic PASR and the Strat Shadow.

Anyway, I'll try to post my journal if I can manage my time better. http://www.stratsforextrading.com/ph.../icon_razz.gif

Your method really works!
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,356
  • Jan 13, 2013 3:16pm Jan 13, 2013 3:16pm
Quoting BaliuxXx
Trailing the third position. Wouldn't it be trend trading? You've always said that beginners should trade from SR to the next SR only.
No, no, no - there is so much you don't understand.

You've always said that beginners should trade from SR to the next SR only. This is correct.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,357
  • Jan 13, 2013 3:19pm Jan 13, 2013 3:19pm
Quoting BaliuxXx
AUDJPY

As all JPY pairs at resistance now. Possible pullback to strat shadow. Would be good point to enter the trend.

Attachment
Strong trends don't recognise conventional support and resistance so be careful. ANY pull back is a "good point" to enter a trend especially a strong trend.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,358
  • Jan 13, 2013 3:25pm Jan 13, 2013 3:25pm
Hi Strat
Where I can find the ema shadow "indicator" you have on your charts, basically the colours between the ema's?
Thanks
  • #17,359
  • Jan 13, 2013 3:25pm Jan 13, 2013 3:25pm
Quoting strat
No, no, no - there is so much you don't understand.

You've always said that beginners should trade from SR to the next SR only. This is correct.
Yeah. I know that I undestand only a little drop of the big ocean, but trying to get those drops into one bucket slowly.

Quoting strat
Strong trends don't recognise conventional support and resistance so be careful. ANY pull back is a "good point" to enter a trend especially a strong trend.
Thanks!
  • #17,360
  • Jan 13, 2013 7:32pm Jan 13, 2013 7:32pm
Quoting BaliuxXx
Yeah. I know that I undestand only a little drop of the big ocean, but trying to get those drops into one bucket slowly.



Thanks!
This is good. Trading is an apprenticeship learned one step at time on The Path. PATIENCE and DISCIPLINE is what most on these Forums don't have so you are LEARNING well, Grasshopper!
15 YEARS OF PASR ON FOREX FACTORY!
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