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  • #17,841
  • Mar 15, 2013 4:56pm Mar 15, 2013 4:56pm
Quoting strat
GBPJPY

Are you saying GO SHORT?

Take a look at my chart - I can't use Patrick's because he has lost his Strat Shadow.

Where on my chart do you see a place to go short?
I was saying couple of days back that there is opportunity to go short at that level. It's higher now but we're still in the range of the resistance. We have not yet broken in. That is of course not Strat's PASR you're teaching here as we're supposed to go in the direction of and coming out of Strat shadow. This is just PA at resistance. So looking at your chart and trading Strat's PASR I don't see a short opportunity as we're against Strat shadow. But looking at my view I have posted couple of days back I see a short. But since I have short on GBPCHF also I will pick that one (GBPCHF).
  • #17,842
  • Mar 15, 2013 5:12pm Mar 15, 2013 5:12pm
Quoting patrick25
I have not lost my Strat Shadow, it is in my heart.
don't bring the shadow in your heart Patrick, bring the light in
  • #17,843
  • Edited 5:38pm Mar 15, 2013 5:20pm | Edited 5:38pm
Quoting patrick25
If you don't believe in SR, believe it but that is not the reason to close a trade. You have to have an exit plan and follow it until it tells you to exit. Price will do what it wants to do, sometime it will respect SR, sometime it will blow through SR.
Congrats to your profit Patrick

But all i can see you make positioning trading, not trend trading as i understand. Strat rebuked me for such a trading and had reminded me what trend trading is all about. What is your foundation of MM (SL and exit)?

Thanks a lot...
  • #17,844
  • Mar 15, 2013 5:25pm Mar 15, 2013 5:25pm
Quoting kaunasny
So what does the trader do? If he took that shooting star, price got him stopped out and there market gives another one.
hmmm, don't see shooting stars on my chart (maybe a broker thing)...but remember our discussion about strong trends and no rules in it...PASR works in a different way as usual, thats how i understand this...

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  • #17,845
  • Mar 15, 2013 5:31pm Mar 15, 2013 5:31pm
I look at volume as the size of the movement on the graph, other words the ATR. Since that Big Boss hammer or we can call that the start of the 2012 the monthly movement decreased greatly that's all I wanted to say, not that this view has any impact on this analysis.

You are confusing volume with VOLATILITY. Volume is the number of contracts traded and Open Interest. VOLATILITY is how far PRICE moves in a given period of time. We can see VOLATILITY on our charts but NOT volume. Until there is a central exchange for forex, the only volume you will get is that of your broker which, unless you use the same broker as the BIG BOYS (which you won't because they have their own internal broker), is about as much use as t*ts on a nun.

Looking at your graph I see HL. Interesting, I didn't look at it this way. I was looking at it as if it was making LH which might be at that resistance we're at now. It would be interesting to hear from you Strat how do we determine when swing high has ended? How do we know that a swing high is still not in continuation? I hope you understand what I mean. I'll post a chart of my view which is different from yours and why mine is wrong.

You look to be confusing minor swings with major swings or a mixture of both. Regret I cannot disclose my method of CONFIRMED swings as that is on the members' website.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,846
  • Mar 15, 2013 5:37pm Mar 15, 2013 5:37pm
Quoting bullzeye
Congrats to your profit Patrick

But all i can see you make positioning trading, not trend trading as i understand. Strat rebuked me for such a trading and had reminded me what trend trading is all about. What is your foundation of MM?

Thanks a lot...
Patrick will better answer you on this but from my point of view AUDNZD is not in what I consider a trend. In any case, we don't decide when and when not to trend trade, we let the Market decide that for us. We start out all trading as position trading and then if the pair qualifies as a trend, we start trend trading.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,847
  • Mar 15, 2013 5:41pm Mar 15, 2013 5:41pm
Quoting strat
Patrick will better answer you on this but from my point of view AUDNZD is not in what I consider a trend. In any case, we don't decide when and when not to trend trade, we let the Market decide that for us. We start out all trading as position trading and then if the pair qualifies as a trend, we start trend trading.
Thanks Strat, another lesson to learn Who is saying trading is easy?
  • #17,848
  • Mar 15, 2013 5:41pm Mar 15, 2013 5:41pm
I was saying couple of days back that there is opportunity to go short at that level. It's higher now but we're still in the range of the resistance. We have not yet broken in. That is of course not Strat's PASR you're teaching here as we're supposed to go in the direction of and coming out of Strat shadow. This is just PA at resistance. So looking at your chart and trading Strat's PASR I don't see a short opportunity as we're against Strat shadow. But looking at my view I have posted couple of days back I see a short.

Which is why YOU are in the 95% and WE are in the 5%
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,849
  • Mar 15, 2013 5:54pm Mar 15, 2013 5:54pm
Quoting bullzeye
Congrats to your profit Patrick

But all i can see you make positioning trading, not trend trading as i understand. Strat rebuked me for such a trading and had reminded me what trend trading is all about. What is your foundation of MM?

Thanks a lot...
With all respect trend trading is not easy as it seems after the fact. Trend trading requires a lot of PA reading and understand market conditon at the time.
  • #17,850
  • Mar 15, 2013 5:58pm Mar 15, 2013 5:58pm
Quoting bullzeye
hmmm, don't see shooting stars on my chart (maybe a broker thing)...but remember our discussion about strong trends and no rules in it...PASR works in a different way as usual, thats how i understand this...
]
PASR is the FOUNDATION OF TRADING and ONLY works in ONE way - PRICE ACTION at Support and Resistance.

It seems to me you are trying to describe "experience". Seeing Beyond the Candles, Trend Trading, Counter Trend Trading, Scalping, Risk Analysis, Chart Analysis, Chart Interpretation, Standard and Advanced Money Management techniques, PASR tools etc., are beyond the scope of this thread and the majority of those looking for a free lunch who frequent these forums.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,851
  • Mar 15, 2013 6:12pm Mar 15, 2013 6:12pm
Quoting strat
Patrick will better answer you on this but from my point of view AUDNZD is not in what I consider a trend. In any case, we don't decide when and when not to trend trade, we let the Market decide that for us. We start out all trading as position trading and then if the pair qualifies as a trend, we start trend trading.
Yes Strat, that is the best advise from the master of trend trader. We don't know when the market starts trending that why we are position for it and wait.
  • #17,852
  • Mar 16, 2013 2:01am Mar 16, 2013 2:01am
Quoting strat
I look at volume as the size of the movement on the graph, other words the ATR. Since that Big Boss hammer or we can call that the start of the 2012 the monthly movement decreased greatly that's all I wanted to say, not that this view has any impact on this analysis.

[color=Blue]You are confusing volume with VOLATILITY. Volume is the number of contracts traded and Open Interest. VOLATILITY is how far PRICE moves in a given period of time. We can see VOLATILITY on our charts but NOT volume. Until there is a central exchange for forex, the only...
Concerning volume, wouldn't as volume is number of contracts traded and Open Interest. If their number decreases significantly throughout the period of time, wouldn't that show up in a volatility on the graph? The less of contracts traded the lower the volatility? And I'm talking about Monthly chart, as in Daily it might be harder to see. What would be another answer for why have the ATR or Volatility decreased significantly since 2012 in GBPCHF .

Since we have what I would call a minor swings making HH on GBPCHF. You say no trade until it makes LH ?
  • #17,853
  • Mar 16, 2013 12:28pm Mar 16, 2013 12:28pm
Concerning volume, wouldn't as volume is number of contracts traded and Open Interest. If their number decreases significantly throughout the period of time, wouldn't that show up in a volatility on the graph? The less of contracts traded the lower the volatility? And I'm talking about Monthly chart, as in Daily it might be harder to see. What would be another answer for why have the ATR or Volatility decreased significantly since 2012 in GBPCHF .

You need to understand how the Bog Boys trade - they can MOVE PRICE (VOLATILITY) WITHOUT increasing either volume or open interest.

Since we have what I would call a minor swings making HH on GBPCHF. You say no trade until it makes LH ?

I didn't say any trade on here.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,854
  • Mar 18, 2013 8:22am Mar 18, 2013 8:22am
EUR/AUD

broke the TL a few days ago, the BigBoss, Boss and Worker speaking the same language now, best case...

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  • #17,855
  • Edited 12:53pm Mar 18, 2013 10:02am | Edited 12:53pm
Quoting bullzeye
EUR/AUD

broke the TL a few days ago, the BigBoss, Boss and Worker speaking the same language now, best case...
Yes but the best case is to just catch the Worker as it turns into the Boss and Big Boss trends. In other words, trade the pull backs into the down trends.

Watch for PASR at 1.2350
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,856
  • Mar 18, 2013 4:52pm Mar 18, 2013 4:52pm
EURUSD
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,857
  • Mar 18, 2013 5:17pm Mar 18, 2013 5:17pm
GBPUSD
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,858
  • Mar 18, 2013 5:31pm Mar 18, 2013 5:31pm
USDCAD

Coming back out of the Red Light district
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,859
  • Mar 18, 2013 5:39pm Mar 18, 2013 5:39pm
USDCHF

"Trouble at 'mill, lad" as us Tykes used to say!
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,860
  • Mar 18, 2013 5:48pm Mar 18, 2013 5:48pm
USDJPY

Full discussion posted
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15 YEARS OF PASR ON FOREX FACTORY!
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