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  • #17,421
  • Jan 23, 2013 1:47am Jan 23, 2013 1:47am
Quoting BaliuxXx
Thanks Strat and Patrick for your comments.

I placed the smallest risk for that trade. I still need lots of to learn. Sometimes a pair ranges and it is the best place to trade PASR, sometimes it is too erratic, but I don't see it yet...
That is ok. I just want to save you some times from learning curve. Traders must go through stages. What Strat teaching and saying, you will understand them when you are at certain stages. Some of you will agree with me if you stick around long enough.
  • #17,422
  • Jan 23, 2013 2:17am Jan 23, 2013 2:17am
Quoting BaliuxXx
EURNZD

Boss is in range. Worker had two inside bars at resistance. Today there is a close below them. Selling to support range bottom.

Attachment
Here something I want to point out. I was interested in her when she first broke the original range. I was waiting for PA on the pull back to Strat shadow but did not happen. She went through Strat shadow to the bottom of the range. This tell me she is not ready to trend yet.
  • #17,423
  • Edited 6:54am Jan 23, 2013 5:56am | Edited 6:54am
there is a midline support within the range in the weekly . i would stay out till a no doubt setup will occure.
Attached Image (click to enlarge)
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trading is not an addiction. it's a profession.
  • #17,424
  • Jan 23, 2013 11:34am Jan 23, 2013 11:34am
Quoting haimber
there is a midline support within the range in the weekly . i would stay out till a no doubt setup will occure.
EURNZD

There is ONLY a 7 pip trade-able range left on this pair - see my mark up on your chart
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,425
  • Jan 23, 2013 1:59pm Jan 23, 2013 1:59pm
USDCAD. a sort of flag is formed on the weekly chart. if it will break the BRN and psychological level 1.0000 and after confirmation in daily we might see a nice move upword.
Attached Image (click to enlarge)
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trading is not an addiction. it's a profession.
  • #17,426
  • Jan 23, 2013 1:59pm Jan 23, 2013 1:59pm
AUDJPY

Buyers waking up?

Attached Image (click to enlarge)
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  • #17,427
  • Jan 23, 2013 5:52pm Jan 23, 2013 5:52pm
Quoting BaliuxXx
AUDJPY

Buyers waking up?

Attachment
You might do better paying attention to this one!
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,428
  • Jan 24, 2013 1:08am Jan 24, 2013 1:08am
Quoting strat
You might do better paying attention to this one!
Yes. Indeed.

Closed my last short on "The Beast" last night. Waiting now....
  • #17,429
  • Jan 24, 2013 1:11am Jan 24, 2013 1:11am
Quoting strat
You might do better paying attention to this one!
OK. But what about other JPY pairs? They seems to move together recently.
  • #17,430
  • Jan 24, 2013 1:23am Jan 24, 2013 1:23am
Quoting trogger
Always wanted to say that!

OK, so it's not the Alamo - but remember these charts with "zones" marked?
Attachment Attachment

As Alexandra has so succinctly stated (post number 15039): "Trading is the Science of exiting, after all" (- and the few who exited the Alamo at the right time survived to fight another day too!!)

So what has happened since my last post?
And my positions?

Well, I tightened stops to under the BEEB of 28 Jan [note the lower wick of this bar probed (by 2-3 pips)the upper wick of the bar 14 December...
Time to re-visit old favourite. (Or: "Damn, forgot to add - again!")


Quick look at the daily will tell you why I entered where I did - and what my risk was.

Attached Image (click to enlarge)
Click to Enlarge Name: eucad.gif Size: 15 KB


And, of course, a quick look at the monthly should tell you why I was looking for a long in the first place.

(Nah, you look it up).
  • #17,431
  • Jan 24, 2013 1:43am Jan 24, 2013 1:43am
The Kiwi


This (the following) may well tell you all you need to know about the "Kiwi"..

Kiwi are flightless birds endemic to New Zealand, in the genus Apteryx and family Apterygidae. At around the size of a domestic chicken, kiwi are by far the smallest living ratites and lay the largest egg in relation to their body size of any species of bird in the world.[2] There are five recognised species, two of which are currently vulnerable, one of which is endangered, and one of which is critically endangered. All species have been adversely affected by historic deforexstation but currently large areas of their forex habitat are well protected in Central bank reserves and national parks. At present, the greatest threat to their survival is predation by invasive mammalian predators, a potential interest rate cut and, of course, merchant wankers..….




Now, we have just had the head treasury honcho in one of the (Australian owned!) banks telling us on nationwide television (yeah, well, nationwide means it reaches nearly a million viewers here!) that the kiwi is about to soar (like an eagle, no less!). Will reach 86 in the next day or so. Or so he says!

Well, that's good enough for me!
I just went long 5 yards of the stuff, based on that advice!

So who else is watching our blind , Nocturnal flightless bird?
  • #17,432
  • Jan 24, 2013 6:25am Jan 24, 2013 6:25am
Quoting strat
EURJPY

Discussion just posted on my screwed up trend trades on EURJPY
well i think it was worth to make a 10th on this one...looks like a free lunch to me...

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  • #17,433
  • Jan 24, 2013 6:29am Jan 24, 2013 6:29am
Quoting trogger
Time to re-visit old favourite. (Or: "Damn, forgot to add - again!")


Quick look at the daily will tell you why I entered where I did - and what my risk was.

Attachment

And, of course, a quick look at the monthly should tell you why I was looking for a long in the first place.

(Nah, you look it up).
amazing patience my friend ...how do you control your Little people? Do you took a 2 weeks vacation to not stare at the chart?
  • #17,434
  • Jan 24, 2013 6:33am Jan 24, 2013 6:33am
Quoting bullzeye
amazing patience my friend ...how do you control your Little people? Do you took a 2 weeks vacation to not stare at the chart?
Bullzeye you have asked a question I would like to know the answer to as well. All my trades start out with the intention of holding for a decade (lol) but little people get in the way.

Strat please spill the beans...

Olu
If you think you can or cannot do it you are correct
  • #17,435
  • Jan 24, 2013 7:27am Jan 24, 2013 7:27am
could anyone attach here the adr indicator please?
trading is not an addiction. it's a profession.
  • #17,436
  • Jan 24, 2013 7:49am Jan 24, 2013 7:49am
Quoting bullzeye
amazing patience my friend ...how do you control your Little people? Do you took a 2 weeks vacation to not stare at the chart?
Blow enough accounts - and one learns to be patient. Eventually.

or:

"Read and Understand" the thread.

Having done the former, I recommend the later.

'night all.
  • #17,437
  • Jan 24, 2013 10:02am Jan 24, 2013 10:02am
Quoting BaliuxXx
OK. But what about other JPY pairs? They seems to move together recently.
If you are LONG, you should pay attention to the WEAKEST pair.

If you are SHORT, you should pay attention to the STRONGEST pair.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,438
  • Jan 24, 2013 10:08am Jan 24, 2013 10:08am
Quoting trogger
Time to re-visit old favourite. (Or: "Damn, forgot to add - again!")


Quick look at the daily will tell you why I entered where I did - and what my risk was.

Attachment

And, of course, a quick look at the monthly should tell you why I was looking for a long in the first place.

(Nah, you look it up).
A bit late getting in on the Action, for you, Wild Thing. This has been "stair stepping" nicely since end of August last year but, better late than never!

What's this, refusing to post Big Boss charts? Seems like someone is getting cocky.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,439
  • Jan 24, 2013 10:14am Jan 24, 2013 10:14am
Quoting trogger
The Kiwi


This (the following) may well tell you all you need to know about the "Kiwi"..

Kiwi are flightless birds endemic to New Zealand, in the genus [b][color=black][font=&quot]Apteryx...
Hmm. That means I had better start looking for shorts!
Attached Image (click to enlarge)
Click to Enlarge Name: kiwiBOSS.png Size: 55 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,440
  • Jan 24, 2013 10:17am Jan 24, 2013 10:17am
Quoting bullzeye
well i think it was worth to make a 10th on this one...looks like a free lunch to me...

Attachment
Yes, but why wait until now to add on - during consolidation? Why weren't you adding on from your initial position? You could have made double your annual salary already not to mention what is to come.
15 YEARS OF PASR ON FOREX FACTORY!
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