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  • #17,761
  • Mar 4, 2013 3:11pm Mar 4, 2013 3:11pm
GBP/JPY

nice PA on Worker, Boss has found support on 20 ...but would you trade against this BigBoss BEOB?

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  • #17,762
  • Mar 4, 2013 4:51pm Mar 4, 2013 4:51pm
Quoting bullzeye
GBP/JPY

nice PA on Worker, Boss has found support on 20 ...but would you trade against this BigBoss BEOB?
Well, you have been caught trading INSIDE a nice, big, fat BOSS candle - more FOOD for the Jungle!
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,763
  • Mar 4, 2013 5:00pm Mar 4, 2013 5:00pm
Quoting bullzeye
NZD/USD

"Have I found you, flightless bird?
Jealous, weeping
Or lost you, American mouth?
Big pill looming..."

I was waiting a few days for PASR on this level...Producing a BUEB on worker. What would the Kiwi expert say?
Who cares?

I will tell you what the chart says though, not to mention the BOSS which is still in a DOWN swing:
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,764
  • Mar 5, 2013 2:52am Mar 5, 2013 2:52am
Quoting bullzeye
NZD/USD

"Have I found you, flightless bird?
Jealous, weeping
Or lost you, American mouth?
Big pill looming..."

I was waiting a few days for PASR on this level...Producing a BUEB on worker. What would the Kiwi expert say?

Attachment
Hi,

I'm no Kiwi expert and my view probably is the least you're waiting for but since it's opposing yours I will give it ago. Also I believe its real PASR which this thread is about.

Now I'm actually waiting for PA to go short this pair as I believe trend has changed down since we had all this down PA.

BigBoss - we had this huge swing down in September 2012 giving us clues that there are sellers there at .8450 level, later price went to support at .750 level and came back to same resistance level at .8450 giving BEEB pushing prices down to same .750 . Now we currently are at that same .8450 level which have gotten BEEB again and we have prices falling down again. In my view we're at big confluence and currently we're at the top of it getting PA to sell.

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Boss - In the middle of December we have hit resistance. Week starting December 16th we got strong PA BEEB at that strong resistance meaning we have real strong sellers at that level and resistance level was better defined. But prices didn't shot down coming back to that level to test it again. We had several attempts to break that level but unable to do so. Week starting Feb 24 was able to close below prices of 7 prior weeks giving lower prices. Now lets look at Worker what has happened at those levels.

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Worker - on Feb 14th prices went above that long protected .8450 level and were met with force giving beautiful BEEB, I think this would be worthy trade to take. After this BEEB I was looking for a PA to go short and I have received it on Feb 20th. on that strong BEEB. Thought it was too strong and the risk was too big so I decided for market to give me better opportunity. I wanted price to comeback and give me another PA short. On Feb 25th we had another strong BEEB which drow prices bellow 7 week lows but I still couldn't press the trigger. The price movement is just too volatile for me. Now finally prices are coming back to my risk levels and I'm waiting for PASR to enter short.

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Hopefully I don't receive PASR in my direction if this view of mine is wrong.
  • #17,765
  • Mar 5, 2013 10:06am Mar 5, 2013 10:06am
Quoting kaunasny
Hi,

I'm no Kiwi expert and my view probably is the least you're waiting for but since it's opposing yours I will give it ago. Also I believe its real PASR which this thread is about.

Now I'm actually waiting for PA to go short this pair as I believe trend has changed down since we had all this down PA.

BigBoss - we had this huge swing down in September 2012 giving us clues that there are sellers there at .8450 level, later price went to support at .750 level and came back to same resistance level at .8450 giving BEEB pushing prices down to...
Very good analysis, well done! My only comment is that the last bar you identified as a "BEEB" is a "BEOB". Good job!
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,766
  • Mar 5, 2013 12:00pm Mar 5, 2013 12:00pm
Quoting strat
Very good analysis, well done! My only comment is that the last bar you identified as a "BEEB" is a "BEOB". Good job!
Wow, thank you Strat for this comment. I was expecting another attack from you for doing something wrong again. Yes I saw later that last BEEB was also a BEOB but since it was on the chart also I didn't bother to change it.

Thanks again,
  • #17,767
  • Mar 5, 2013 7:35pm Mar 5, 2013 7:35pm
Quoting bullzeye
GBP/JPY

nice PA on Worker, Boss has found support on 20 ...but would you trade against this BigBoss BEOB?

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There is no PA to go long yet. All I see is flag pattern for more down.
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  • #17,768
  • Mar 5, 2013 7:49pm Mar 5, 2013 7:49pm
Euraud

Reading the failed PA and go with PA with current trend.
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  • #17,769
  • Mar 5, 2013 8:18pm Mar 5, 2013 8:18pm
Quoting patrick25
There is no PA to go long yet. All I see is flag pattern for more down.
Exactly what I posted last night, Patrick!
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,770
  • Mar 6, 2013 2:09pm Mar 6, 2013 2:09pm
Quoting kaunasny
Hi,

and my view probably is the least you're waiting for but since it's opposing yours I will give it ago.
why do you think so? I am happy about every reply. Its still a forum with different traders with sometimes different views and sights of the market.

Back to NZD/USD: the pair is still making higher highs and higher lows, so still in uptrend
  • #17,771
  • Mar 6, 2013 2:15pm Mar 6, 2013 2:15pm
Quoting patrick25
There is no PA to go long yet. All I see is flag pattern for more down.
This bunch of BUEB`s and hammers of strong support and in huge uptrend are not enough for you? How much more PA do we need?

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  • #17,772
  • Mar 6, 2013 2:21pm Mar 6, 2013 2:21pm
Quoting kaunasny
Wow, thank you Strat for this comment. I was expecting another attack from you for doing something wrong again. Yes I saw later that last BEEB was also a BEOB but since it was on the chart also I didn't bother to change it.

Thanks again,
ha ha, so you had a "grail moment" he? Indeed a nice analysis from you

But i don't think that Strat attack people, he hold the mirror in front of our faces until we understand what we are looking at
  • #17,773
  • Mar 6, 2013 6:35pm Mar 6, 2013 6:35pm
Quoting bullzeye
This bunch of BUEB`s and hammers of strong support and in huge uptrend are not enough for you? How much more PA do we need?

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No Longs until PRICE closes above the BOSS CONTROL candle - shown by the black lines on your chart.
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,774
  • Mar 7, 2013 12:18am Mar 7, 2013 12:18am
Quoting bullzeye
why do you think so? I am happy about every reply. Its still a forum with different traders with sometimes different views and sights of the market.

Back to NZD/USD: the pair is still making higher highs and higher lows, so still in uptrend
Well, our trading views on these past few days when I started posting here seemed different and I thought that you might think that my views might be not worth looking at. I'm glad it's not the case.
  • #17,775
  • Mar 7, 2013 12:21am Mar 7, 2013 12:21am
Quoting kaunasny
Well, our trading views on these past few days when I started posting here seemed different and I thought that you might think that my views might be not worth looking at. I'm glad it's not the case.
PASR is BEAUTY in the eye of the beholder
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,776
  • Mar 7, 2013 12:28am Mar 7, 2013 12:28am
Quoting bullzeye
This bunch of BUEB`s and hammers of strong support and in huge uptrend are not enough for you? How much more PA do we need?

Attachment
Hmm.. All I can see is the small / weak bars for the past 7-8 days. This tells me there are no buyers. Maybe only sellers taking profit after pushing market down from top of Feb 11th. I believe we will have another wave of sellers sometime soon.

Look how these recent bars where you see hammers and engulfing bars compare to prior bars of the down swing. They are tiny and I think not worthy of looking for PA of them.

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This is my view.
  • #17,777
  • Mar 7, 2013 12:41am Mar 7, 2013 12:41am
Quoting bullzeye
ha ha, so you had a "grail moment" he? Indeed a nice analysis from you

But i don't think that Strat attack people, he hold the mirror in front of our faces until we understand what we are looking at
Oh yes, indeed I had.
  • #17,778
  • Mar 7, 2013 12:47am Mar 7, 2013 12:47am
And here we have what I was waiting for.

Even thought that BEEB is not that clearly defined. Meaning it closed only few pips below last bars open, but what makes it stronger is the whick going inside the Strat shadow. That's a strong PA for me.

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  • #17,779
  • Mar 7, 2013 1:10am Mar 7, 2013 1:10am
EURUSD Another pair to look at. We have another BEEB on a chart. Do we sell or is too low?

Price has created a weak resistance at 1.3060. Recently seems having some level for the price. Maybe 200 MA helping? At the entry we will be below strong support of 1.300, the risk is that we will be met with strong buyers below this level. Will have to watch PA closely at that level for possible buyers coming in. Now in a few days we will have 20 MA at our entry levels which might help reduce risk.

In my short experience as a forex trader I had seen quite a lot of situations when I would tell myself that it's too high to buy or it's too low to sell and those were beginnings of strong trends. This is one of them.

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  • #17,780
  • Mar 7, 2013 3:34am Mar 7, 2013 3:34am
Gone home, finally. R.I.P. Alvin

http://www.youtube.com/watch?v=bW5M5xljdCI
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