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  • #17,941
  • Apr 9, 2013 11:13am Apr 9, 2013 11:13am
Quoting bullzeye
Hey Patrick, nice one. I am interesting of your entry...do you use H4 tf (the hanging man on 03. april)? On daily the entry looks unusual...
My entry was at 50% level of candle on Mar 28. After trading for a while(5+), I have noticed I am in the some what drawdown most of the time when I
traded the break of PA candle. I figure my SL on the other side of PA candle anyway, why not in @ 50% and get bang for my buck when I am right. Price always retraces, the trick is how to read PA and that I am still learning.
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  • #17,942
  • Apr 9, 2013 11:58am Apr 9, 2013 11:58am
USD/CAD

Somehow this is more obvious to me compared to my previous analysis.

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Looking to short at 1.01013 to a support of 1.0011. Feel free to post any comments.
  • #17,943
  • Apr 9, 2013 1:16pm Apr 9, 2013 1:16pm
Quoting patrick25
My entry was at 50% level of candle on Mar 28. After trading for a while(5+), I have noticed I am in the some what drawdown most of the time when I traded the break of PA candle. I figure my SL on the other side of PA candle anyway, why not in @ 50% and get bang for my buck when I am right. Price always retraces, the trick is how to read PA and that I am still learning. {image}
Thanks Patrick,

i understand. Good and interesting stuff! What about your second entry? 38% retrace?

In my case: I'm not convinced about PO`s, not yet. I feel "save" when the PA candle get triggered. But i think it comes with time and experience.
  • #17,944
  • Apr 9, 2013 1:26pm Apr 9, 2013 1:26pm
Quoting bullzeye
NZD/USD no more an insect, step forward to an amphibian {image}
NZD/USD

new level? no, the amphibian just get balls

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  • #17,945
  • Apr 9, 2013 2:10pm Apr 9, 2013 2:10pm
Quoting redpython17
USD/CHF {image} I find it hard for me to tell the trend on Big Boss, which is the start to almost everything. Weekly {image} Same goes for the Boss as well, which ultimately stops me from looking at the worker. Daily {image} Yes that looks like a hammer. But it's difficult for me to see the direction of the Big Boss and the Boss. Under this circumstances, I chose to wait for further confirmation. It looks like I will miss out on this trade if it turns out to be true. Any comments on this? I know I have lots to learn
If you are just starting out on The Path make sure you UNDERSTAND PASR, our PRICE ACTION candles, our Support and Resistance, the Strat Shadow and of course, the chart and sentiment.

I have marked up your charts with the trends but you will see these when you UNDERSTAND the Strat Shadow.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,946
  • Apr 9, 2013 2:54pm Apr 9, 2013 2:54pm
Quoting redpython17
USD/CAD Somehow this is more obvious to me compared to my previous analysis. Looking to short at 1.01013 to a support of 1.0011. Feel free to post any comments.
It seems you are not UNDERSTANDING trends - study my mark up on your charts and notice the trend line (in black) on the Worker, then re-think your decision to go short. We ALWAYS trade in the direction of the trend - not against it - that is for LOSERS.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,947
  • Apr 9, 2013 3:23pm Apr 9, 2013 3:23pm
Quoting bullzeye
NZD/USD new level? no, the amphibian just get balls
Speaking of those spherical objects of desire, where is trogger these days?
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,948
  • Apr 9, 2013 3:30pm Apr 9, 2013 3:30pm
Quoting patrick25
My entry was at 50% level of candle on Mar 28. After trading for a while(5+), I have noticed I am in the some what drawdown most of the time when I traded the break of PA candle. I figure my SL on the other side of PA candle anyway, why not in @ 50% and get bang for my buck when I am right. Price always retraces, the trick is how to read PA and that I am still learning.
I used to do this Patrick but used a 38% retrace as it was more likely to be hit. One of the many problems with this is that in a strong trend, there is no pull back into the previous candle and you miss out on a trade (and pips). The biggest problem is that you are no longer using the momentum of the market to fill you in when it moves in your chosen direction. I got caught out so many times with this that I gave up using that strategy.

Trading is very personal, so as long as you have your foundation (PASR), use whatever "floats your boat" or "rings your bell". When you have PASR as your foundation, there is no "right way" and no "wrong way" only THE MARKET'S WAY. Keep it up Patrick.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,949
  • Apr 9, 2013 7:22pm Apr 9, 2013 7:22pm
Quoting strat
I used to do this Patrick but used a 38% retrace as it was more likely to be hit. One of the many problems with this is that in a strong trend, there is no pull back into the previous candle and you miss out on a trade (and pips). The biggest problem is that you are no longer using the momentum of the market to fill you in when it moves in your chosen direction. I got caught out so many times with this that I gave up using that strategy. Trading is very personal, so as long as you have your foundation (PASR), use whatever "floats your boat"...
Thanks Strat, the key is PASR.
  • #17,950
  • Apr 9, 2013 9:21pm Apr 9, 2013 9:21pm
Quoting Alexandra
The danger is that is that the hourly chart can be used to justify many things. If one has trouble with discipline, the hourly chart functions only to add a few loops the rope. On a somewhat related note, I see some interesting discussion regarding short sales of Aussie. I'd take a look at the monthly chart before jumping on that, despite the recent stall. Possible opportunities in EUR/AUD do appear possible again, as before the Holidays. Good to see JPY back in form for the moment.
101 on USDJPY obviously looms as an area of importance. Good to see Aussie responding back for an upside attempt again. That may prove to be a bargain. AUDJPY continues to benefit, as the 2007 highs are visible. Economic "slowdown?" Perhaps not.
  • #17,951
  • Apr 9, 2013 10:27pm Apr 9, 2013 10:27pm
Strat, thanks for your time.

I"ll study what you mentioned to me.
  • #17,952
  • Apr 10, 2013 11:30am Apr 10, 2013 11:30am
EURNZD H4
Strat shadow intra-day lunch!

Thank you Strat

gb
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  • #17,953
  • Apr 10, 2013 12:02pm Apr 10, 2013 12:02pm
Quoting Rubens PP
EURNZD H4 Strat shadow intra-day lunch! Thank you Strat gb {image}
Good for you, well done Greek Bouncer, I'm really pleased for you. Maybe you should apply to run Greece's finances?
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,954
  • Apr 10, 2013 12:13pm Apr 10, 2013 12:13pm
AUDJPY - JPY trends gone Wild

Even my one legged blind old man with asthma can trade JPY pairs like this but for PASR Trend Traders we can make our yearly target just on this pair alone.

The Bank of Japan unleashed the world's most intense burst of monetary stimulus on Thursday, promising to inject about $1.4 trillion into the economy in less than two years, a radical gamble that sent the yen reeling and bond yields to record lows.
New Governor Haruhiko Kuroda committed the BOJ to open-ended asset buying and said the monetary base would nearly double to 270 trillion yen ($2.9 trillion) by the end of 2014, a dose of shock therapy officials hope will end two decades of stagnation.
The policy was viewed as a radical gamble to boost growth and lift inflation expectations and is unmatched in scope even by the U.S. Federal Reserve's own quantitative easing program.
The Fed may buy more debt, but since Japan's economy is about one-third the size of the economy, Kuroda's plan looks even bolder.


Arigatou gozaimasu, Kuroda-san!


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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,955
  • Apr 10, 2013 12:40pm Apr 10, 2013 12:40pm
Since even the thread hoppers and Holy Grail hunters can make pips on JPY pairs just now, we are doing it on others too.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,956
  • Apr 10, 2013 1:07pm Apr 10, 2013 1:07pm
Quoting bullzeye
NZD/USD new level? no, the amphibian just get balls
Speaking of insects, amphibians and such, anyone for a Sea Horse?

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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,957
  • Apr 10, 2013 10:43pm Apr 10, 2013 10:43pm
Quoting strat
Since even the thread hoppers and Holy Grail hunters can make pips on JPY pairs just now, we are doing it on others too. {image}
Er......Is that a sell signal?
  • #17,958
  • Apr 10, 2013 11:25pm Apr 10, 2013 11:25pm
Quoting strat
Speaking of insects, amphibians and such, anyone for a Sea Horse? {image}
With the Sea Horse bucking 1.01, we have interest.
  • #17,959
  • Apr 11, 2013 7:51pm Apr 11, 2013 7:51pm
EURNZD COUNTER TREND TRADE

Full blown discussion, warts and all, posted

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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,960
  • Apr 11, 2013 9:41pm Apr 11, 2013 9:41pm
INDICATOR TRADING

Here is the LAST paragraph on a post I did to members on how PASR traders are 2 steps ahead of indicator traders

Having said that, I will tell you that if you STUDY, LEARN and UNDERSTAND PASR, you will be thousands and thousands of $ ahead of everyone else. Yes, you can use indicators BUT, while the indicator traders are waiting for their indicators to turn or cross or give some sort of signal, we have ALREADY been told by PRICE ACTION and are at least 2 steps ahead of everyone else. (Maybe it’s because we lived in Houston twice, but Texas 2 Step comes into my mind).
15 YEARS OF PASR ON FOREX FACTORY!
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