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Strat's Long Term Stress Free Trading

  • #2,161
  • Apr 20, 2009 8:31pm Apr 20, 2009 8:31pm
Quoting psneto
Strat

would you sell UC if it goes below the TL?
Not until I see PA

You're posting a chart with indicators - a cross to a vampire!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,162
  • Apr 20, 2009 8:35pm Apr 20, 2009 8:35pm
Quoting elitejets
Obvious downtrend, and a bounce off the daily 20ema
I like your style ...
How do you know what he's talking about? I haven't a clue - he's eating too much of Baba G's pasta!

Just like USDCAD for me - give me PA to sell it
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,163
  • Apr 20, 2009 8:37pm Apr 20, 2009 8:37pm
Quoting patrick25
Hi Strat,

EURGBP daily candle today closed above 3 days closed ago, 150ema, and 78.6% from the last swing. Will see EURGBP repeat the pattern of last swing.

I bet you see it differently.
Thanks.
Looking for PA to sell
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,164
  • Edited 8:50pm Apr 20, 2009 8:48pm | Edited 8:50pm
Quoting strat
There are two types of cycles - price and time. Within each cycle there are shorter and longer cycles. At the end of this sentence is a guy driven crazy by cycles!!!!!

Does a swing HIGH top out or bottom out? Do you know what swings are (other than the things kids play on in the park)?
Hi Naws. I believe Strat noted in a previous post who he respects regarding cycles. Don't recall which post, but then I'd be breaking protocol if I just gave you the fish.

Strat...what do you use to define Swings? Based on what I have learned, a High tops and bottoms out since you don't know it's a swing until you see the bars previous to and after the high. I have read a few different methods, like using the wicks of a candle versus the body. Based on the history of this thread I know which you prefer, but wondering what your rules are.

Is the future really possessive (see title).
  • #2,165
  • Apr 20, 2009 8:49pm Apr 20, 2009 8:49pm
Quoting strat
Not until I see PA

You're posting a chart with indicators - a cross to a vampire!
oops indicator removed
  • #2,166
  • Apr 20, 2009 8:49pm Apr 20, 2009 8:49pm
Quoting strat
How do you know what he's talking about? I haven't a clue - he's eating too much of Baba G's pasta!

Just like USDCAD for me - give me PA to sell it
Well I thought he was talking about the retracement into that massive bullish outside bar for a better entry ... but you're right. Even if you don't understand him he does have style ... LOL
  • #2,167
  • Apr 20, 2009 8:55pm Apr 20, 2009 8:55pm
Do you trade all pairs?
  • #2,168
  • Apr 20, 2009 9:00pm Apr 20, 2009 9:00pm
Quoting psneto
Do you trade all pairs?
No
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,169
  • Apr 20, 2009 9:03pm Apr 20, 2009 9:03pm
Quoting strat
No
Is there any reason for not trading all pairs besides spread?
thanks!
  • #2,170
  • Edited 9:28pm Apr 20, 2009 9:12pm | Edited 9:28pm
Quoting strat
I also recommend you start and keep a journal on each Shooting Star and Hammer trade focusing on those candles - where were they? how long was the nose, body, where did they close? what was the sequence of bars prior to the candle? what was the size of the candle relative to the prior bars? etc. Observe where the next bar is after the candle, where did it open? where did it go? what did it do? Observe the swing after the candle, how long did it last? how many bars? Of course, all this should be done within the context of trends. Within your journal,...


Trading journal has been started, it is blank at this time because I have not taken any trades yet. I am glad it is blank, because I would not have kept up with even half of the information you noted.

This also brings up another question, should I also keep a log of trades that I considered but passed up due to improper shooting star or hammer (not in the right place, tail not long enough for body, body too close to middle of bar etc.)? Or do you think this may lead to taking mediocre trades because I see a few of them work out well?

About the analyzing of the winners. I have read in many different places that agents who work with counterfeit money, are trained by studying real money. Anything that does not stack up to real money is not the real thing. They also study counterfeit money but not until they have a feel for the real thing. Interesting analogy to the winning trades.

Now come on Strat, I have read all of your posts at least twice, some I have read many more times than that. Maybe I am as unstable as you and just labeled you as more sane than myself?
  • #2,171
  • Apr 20, 2009 9:14pm Apr 20, 2009 9:14pm
Quoting elitejets
I think that is what I said ...

XXX - Love Ya, BabaG, tell it like it is ...
Hi Nicola,

I didn't mean for all of the boys, ahem, I mean men, to be attracted to you by my questions. Probably had nothing to do with me, but hey.

BTW, there is nothing like a great pair of Yens. EUR/YEN, GBP/YEN, CAD/YEN. Woo!
Attached Image (click to enlarge)
Click to Enlarge Name: YenPair.gif Size: 23 KB
  • #2,172
  • Apr 20, 2009 9:21pm Apr 20, 2009 9:21pm
Quoting One14
Hi Naws. I believe Strat noted in a previous post who he respects regarding cycles. Don't recall which post, but then I'd be breaking protocol if I just gave you the fish.

Strat...what do you use to define Swings? Based on what I have learned, a High tops and bottoms out since you don't know it's a swing until you see the bars previous to and after the high. I have read a few different methods, like using the wicks of a candle versus the body. Based on the history of this thread I know which you prefer, but wondering what your rules are.

Is...
""what do you use to define Swings?"" It's two very special indicators available only to me - my eyes and my brain!

The attached chart should explain

""Is the future really possessive"" - ask me if I care
Attached Image (click to enlarge)
Click to Enlarge Name: swings.gif Size: 26 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,173
  • Apr 20, 2009 9:22pm Apr 20, 2009 9:22pm
Quoting psneto
Is there any reason for not trading all pairs besides spread?
thanks!
Volume and Liquidity
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,174
  • Apr 20, 2009 9:40pm Apr 20, 2009 9:40pm
Strat you said USDJPY confirmed a boss swing high on 4/10

Are you referring to the BOSS EMA here which is the dashed red line on my chart or the actual bars on a weekly chart?

If you are talking about the EMA then to me it looks like it is a swing low

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy swing.gif Size: 24 KB
  • #2,175
  • Apr 20, 2009 9:55pm Apr 20, 2009 9:55pm
Strat, you mentioned earlier to trade hammer's and shooting star off of the daily and up. You have also stated many times to not look at the bar till it closes. You were referring to the daily when you mentioned that. I see a potential trade setting up on the monthly of a couple of pairs. If the risk is decent when the bar closes, and I enter off of the monthly, should I only look at the monthly after it closes? Or would I manage the trade from the daily after I enter. I will post my analysis at the eng of the month if I can manage the stop at that time and stay within my money management.
  • #2,176
  • Apr 20, 2009 10:02pm Apr 20, 2009 10:02pm
Quoting Naws
Strat you said USDJPY confirmed a boss swing high on 4/10

Are you referring to the BOSS EMA here which is the dashed red line on my chart or the actual bars on a weekly chart?

If you are talking about the EMA then to me it looks like it is a swing low

Attachment
I believe that once the 4/10 candle was broken to the downside (by an outside bar on my charts), it was confirmed as a lower high. Using the train analogy, it turned from north to south on the turntable.
  • #2,177
  • Apr 20, 2009 11:17pm Apr 20, 2009 11:17pm
Hi Strat,

By looking at your answer "looking for PA to sell" to my post about EURGBP, I think you have turned one light ON in my head. The buy time is long over since it was top @ .9803 now lower high on weekly. Am I thinking what you are thinking? or I am thinking full of it
Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: sim4.gif Size: 16 KB
  • #2,178
  • Apr 21, 2009 1:44am Apr 21, 2009 1:44am
I've been a little lazy when it comes to pulling fibs and drawing S/R lately. I guess I have just been waiting to see some Price Action first. Maybe I am unconsciously trading Baba G style "naked". Nothing really essential to anyone's learning on this post, just a little bit of personal commentary.

I haven't been posting as much lately because all my questions get answered when other traders ask them. This is a definite success. Thanks guys.
Bang.
  • #2,179
  • Apr 21, 2009 9:52am Apr 21, 2009 9:52am
Hi Swami
On my charts I only get an outside bar if I combine it with my small Sunday bar, and then the small IB which touches and bounces off the 365. From what I see, price still holds to the downside 20 ma, but is caught between the 365 underneath. For me I'll be watching and waiting...and downside prevails.

BTW I don't get what you mean by OSGN..my be the others do! But riddles eh?
P.S. FTB (First Testing Banana)?!
  • #2,180
  • Edited Apr 22, 2009 8:36am Apr 21, 2009 10:41am | Edited Apr 22, 2009 8:36am
Hi Guys

Ive been doing some more research into price action and came across a site that gives some examples of candlestick patterns and basic chart patterns I think can be helpful. Alot of these patterns are mentioned in this thread.

Removed link at request of Strat, it is available for people on the path of learning
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