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- Grimweasel replied Aug 12, 2009
USDCAD - BEOB on my feed - may see $ weakness again just as I thought it may be gaining a bit of strength again. Weak summer trading - roll on trending October!!!!
Strat's Long Term Stress Free Trading
- Grimweasel replied Aug 12, 2009
I have a BUOB on my feed Alexandra? But the close is still within the 20/50 trap - and I like to these these at swing lows not that high up. But then again the DJI was bullish this PM and many pairs against the dollar now appear slightly bullish? ...
Strat's Long Term Stress Free Trading
- Grimweasel replied Aug 12, 2009
Thanks Strat - that is a nice clear chart and the PA really stands out - I will give it a whirl on a few charts for a while and see how I get on. The dashed Boss MAs are better too although I may leave them thick - I'll keep you posted! Thanks again ...
Strat's Long Term Stress Free Trading
- Grimweasel replied Aug 12, 2009
Strat, Thanks for the comments - I've been round the houses with the various colours on my charts over the years; I just find that black is better as I hate bright lights / white etc as I end up squinting all the time. The white surround to the ...
Strat's Long Term Stress Free Trading
- Grimweasel replied Aug 11, 2009
Well, this could be a good place to short an over-valued currency. Good run up, had a Shooting Star a few days ago and today's close gives us a nice BEEB. My only concern is that until the uptrend line is broken and re-tested from underneath, we are ...
Strat's Long Term Stress Free Trading
- Grimweasel replied Aug 10, 2009
I'm yet to be convinced on waves etc. Very easy to see in hindsight but not so in the live charting environment? In Al's Book, he does however, repeat the old 3 waves thing. More often than not you'll see '3 pushes up' on many moves north, which I ...
Strat's Long Term Stress Free Trading
- Grimweasel replied Aug 4, 2009
OMG!!! I thought I was bad with 4 indicators in the bottom of my charts when I started out back in 2006!!!
Strat's Long Term Stress Free Trading
- Grimweasel replied Aug 4, 2009
Couldn't help but post this chart - how anyone see's anything in what must be one of the most complex charts I've ever seen is beyond me. I've been doing some scouting about on other threads today and I'm amazed at the weird and wonderful systems ...
Strat's Long Term Stress Free Trading
- Grimweasel replied Aug 4, 2009
I know Nicola pointed this out a few days ago but we have a broadening top (BT) on the indices and audusd. Now the Aussie has broken out of the BT TL but I'll be watching this closely on the Boss chart as we are at the 61% Fib from boss H-L and the ...
Strat's Long Term Stress Free Trading
- Grimweasel replied Aug 3, 2009
Fair play Strat for coming here and showing us what not to do!! Did you use the 15m CCI and Heiken Ashe candles too (LOL - we were there once!!!) If you'd faded that counter trend move (ie bought the pullback) you'd have been sitting pretty - ...
Strat's Long Term Stress Free Trading
- Grimweasel replied Aug 3, 2009
News Trades.... "You should never pay attention to the news because it creates a distance between you and what you have to do. It requires thought that you then have to reconcile with the chart, which can only reduce your profit. The chart tells you ...
Strat's Long Term Stress Free Trading
- Grimweasel replied Aug 3, 2009
From Al Brooks' Book - "Virtually all reversals begin with either a trend line break or a trend channel line overshoot and reversal and all of those eventually break the trend line when there is a reversal. The trendline break is what traders' need ...
Strat's Long Term Stress Free Trading
- Grimweasel replied Aug 3, 2009
If one takes the Cable fib from the IB that broke (on the boss chart) in Jul last year and then extend it to the low at 1.37 PA is now right on the 50% Fib, combined with a level 20ema. The big level of 1.71 is just above. BBC News has web page ...
Strat's Long Term Stress Free Trading
- Grimweasel replied Aug 3, 2009
Thanks BlackEagle for the perspective. I was halfway thru my book last night where Al Brooks quoted "By now you'll realise that the whole point of this book is to show you how to trade with the trend and not countertrend" He also said that trends ...
Strat's Long Term Stress Free Trading
- Grimweasel replied Aug 1, 2009
Usdchf is still in its range but that inverted hammer gives an indication to buying at this level. The only concern is the close below the rising TL from the low at 16 Mar 08 thru low at 13 Jul 08 and beyond. Could that range be a bear flag? I'll ...
Strat's Long Term Stress Free Trading
- Grimweasel replied Aug 1, 2009
Cable looks range bound still. The BO from this range is not that convincing and the boss 20MA is keeping a cap on things at the moment. MAs when horizontal offer little S or R I have read. They work better when at angles of 45 degrees but on the ...
Strat's Long Term Stress Free Trading
- Grimweasel replied Aug 1, 2009
Eurusd looks toppy to me. The hanging man is not a set-up per se, but an indication of selling pressure at that level. The B Boss is showing an IB after the previous month's doji, so the rally maybe overdone. The boss is also showing a Golden Cross ...
Strat's Long Term Stress Free Trading
- Grimweasel replied Aug 1, 2009
Nice lyrics Strat - if only they were written with me in mind all those years ago!! Eurchf is not one of the pairs that I follow but looking at that chart of yours there are a couple of things that stand out. 1. BEOB that has taken out the lows of ...
Strat's Long Term Stress Free Trading
- Grimweasel replied Jul 31, 2009
Thanks Strat for the confirmation. I'm trying hard to just concentrate on the basics and I can still feel/see the errors in my past. I'm in no rush to enter the live market currently - just happy watching and learning at a pace that suits me and my ...
Strat's Long Term Stress Free Trading
- Grimweasel replied Jul 31, 2009
I'm still troubled by BEEB and BEOB etc. I have gone thru many charts on F12 and I have played dummy orders on these bars AT SR levels and found that I would have been 'burnt' on many of them? In your last example chart Strat you have a BEOB on what ...
Strat's Long Term Stress Free Trading