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  • #17,781
  • Mar 7, 2013 11:19am Mar 7, 2013 11:19am
Quoting patrick25
Euraud

Reading the failed PA and go with PA with current trend.
Hey patrick.

I want to ask you to share your trade management actions on this pair. We're currently having some bullish PA, interesting to look at how you're handling it.
  • #17,782
  • Mar 7, 2013 1:18pm Mar 7, 2013 1:18pm
Quoting kaunasny
Hey patrick.

I want to ask you to share your trade management actions on this pair. We're currently having some bullish PA, interesting to look at how you're handling it.
I went to breakeven when price was @ support. I was stopped out BE for this trade.
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  • #17,783
  • Mar 7, 2013 2:07pm Mar 7, 2013 2:07pm
Quoting strat
PASR is BEAUTY in the eye of the beholder
Do you see what I see?
Truth is an offence
You silence for your confidence

Oh yeahhh ...
  • #17,784
  • Mar 7, 2013 5:59pm Mar 7, 2013 5:59pm
Quoting kaunasny
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...
You obviously have not been paying attention to my EURUSD posts about 1.3
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,785
  • Mar 8, 2013 12:35am Mar 8, 2013 12:35am
Quoting strat
You obviously have not been paying attention to my EURUSD posts about 1.3

Why Strat? I think I had. I was just taking the risk of that support to break. My entry would be below 1.3 level, it's just the question if that would be low enaugh.


Quoting kaunasny
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.
  • #17,786
  • Mar 8, 2013 9:26am Mar 8, 2013 9:26am
Quoting kaunasny
Why Strat? I think I had. I was just taking the risk of that support to break. My entry would be below 1.3 level, it's just the question if that would be low enaugh.
The 1.3 PRICE level is too important to mess around with. We need to SEE a CONFIRMED move in either direction before trading.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,787
  • Mar 8, 2013 10:52am Mar 8, 2013 10:52am
NZDUSD

PASR + Strat shadow, price @ support moved to BE. PASR trading and trade management.
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  • #17,788
  • Mar 8, 2013 11:06am Mar 8, 2013 11:06am
AUDNZD

Reading price action beyond candles, down=more red candles, up=more green candles but have to know when to look for it and take a risk. Trading in highsight in real time.
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  • #17,789
  • Mar 8, 2013 11:13am Mar 8, 2013 11:13am
Quoting patrick25
AUDNZD

Reading price action beyond candles, down=more red candles, up=more green candles but have to know when to look for it and take a risk. Trading in highsight in real time.
AUDCHF
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  • #17,790
  • Mar 8, 2013 11:29am Mar 8, 2013 11:29am
Quoting patrick25
I went to breakeven when price was @ support. I was stopped out BE for this trade.
Got once chance to break support but did not happen, now we know we have to stay on the sideline and wait for the H&L of the candle to be taken out before do anything.
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  • #17,791
  • Mar 8, 2013 1:45pm Mar 8, 2013 1:45pm
Quoting patrick25
AUDCHF
Hey Patrick,

where was your entry on that one? I was looking also for PASR to go long in this pair but doesn't found something reasonable.

I took another CHF long. Strong support area, the pair create a big bar and an IB followed

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  • #17,792
  • Mar 8, 2013 2:02pm Mar 8, 2013 2:02pm
Quoting bullzeye
Hey Patrick,

where was your entry on that one? I was looking also for PASR to go long in this pair but doesn't found something reasonable.

I took another CHF long. Strong support area, the pair create a big bar and an IB followed

Attachment
The entry was the closed of hammer type candle and the stop was below it. I took this trade because I have been reading the price action all along and took a risk based on all the candles telling me.
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  • #17,793
  • Mar 8, 2013 2:04pm Mar 8, 2013 2:04pm
Quoting bullzeye
GBP/JPY

nice PA on Worker, Boss has found support on 20 ...
GBP/JPY

don't like todays candle, looks like a nasty shooting star on resistance ...

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  • #17,794
  • Mar 8, 2013 3:02pm Mar 8, 2013 3:02pm
Quoting bullzeye
GBP/JPY

don't like todays candle, looks like a nasty shooting star on resistance ...

Attachment

Hi Bullzeye,

This would depend on your broker server time. FXCM is open for another hour or so and GBP/JPY has been steadily rising this past hour, probably to the point where it would invalidate the shooting star.


Strat,

What is your take on broker server time? Any time frame "better" than others?
  • #17,795
  • Mar 8, 2013 3:26pm Mar 8, 2013 3:26pm
Quoting patrick25
NZDUSD

PASR + Strat shadow, price @ support moved to BE. PASR trading and trade management.

Sssh - keep it quiet - bullzeye thinks its in an up trend - we need him for the food!
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,796
  • Mar 8, 2013 3:32pm Mar 8, 2013 3:32pm
Quoting patrick25
AUDNZD

Reading price action beyond candles, down=more red candles, up=more green candles but have to know when to look for it and take a risk. Trading in highsight in real time.
"Trading in REAL time with the benefit of hindsight" - I like it Patrick!
Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,797
  • Mar 8, 2013 4:18pm Mar 8, 2013 4:18pm
Quoting 100PipsADay
Hi Bullzeye,

This would depend on your broker server time. FXCM is open for another hour or so and GBP/JPY has been steadily rising this past hour, probably to the point where it would invalidate the shooting star.


Strat,

What is your take on broker server time? Any time frame "better" than others?
My, my, this is a revelation -H1 leading the Daily time frame? Here is me thinking that H1 is only 1/24 of the Daily and therefore only a pimple on a fly's ass!

Seriously, what does the Shooting Star at 8am NY time tell you?

I recommend any broker where the Daily candles close at 5pm NY time.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,798
  • Mar 9, 2013 8:24am Mar 9, 2013 8:24am
Quoting strat
Sssh - keep it quiet - bullzeye thinks its in an up trend - we need him for the food!
ha ha ha...i took a step forward these days from a small worm to a bigger insect

so you will say its not an uptrend? awaiting price in the blue lagoon...

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  • #17,799
  • Mar 11, 2013 12:59pm Mar 11, 2013 12:59pm
Could somebody please tell me what moving averages are used on the monthly chart?

Thank you in advance.
  • #17,800
  • Mar 11, 2013 1:44pm Mar 11, 2013 1:44pm
Quoting strat
My, my, this is a revelation -H1 leading the Daily time frame? Here is me thinking that H1 is only 1/24 of the Daily and therefore only a pimple on a fly's ass!

Seriously, what does the Shooting Star at 8am NY time tell you?

I recommend any broker where the Daily candles close at 5pm NY time.

Strat,

The reason I brought this up is because in one hour price could move up far enough to "invalidate" the shooting star depending on broker server time. I'm not saying it did but one hour in this market could make all the difference in candle formation, wouldn't you agree?

Anyways, thanks for clarifying broker server time. I have personally always stuck with Daily close @ 8pm NY Time.
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