Strat's Long Term Stress Free Trading | Page 270 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Strat's PASR Long Term, Stress Free Trading 18,592 replies

M5 PASR Trend Trading Strat 95 replies

What you need for trading: indis, a strat & good music 27 replies

Another way to stress free, mechanic long term trading 29 replies

Short Term / Medium Term / Long Term? 3 replies

Attachments: Strat's Long Term Stress Free Trading
Exit Attachments

Strat's Long Term Stress Free Trading

  • #5,381
  • Sep 16, 2009 4:42pm Sep 16, 2009 4:42pm
Quoting alter
Strat , the story is nice but I would not go short neither long based on that chart. Probably I need to do that bubble stuff.
Alter, there is nothing, NOTHING on that chart telling anyone to initiate any kind of trade. You always seem eager to be in a trade - relax - some of my best trades, (when I look back), are "No Trades".

Also, we do not just initiate trades on this candle, that candle, this level, that level; we also add in market sentiment which is clearly developing in USDJPY. Market sentiment direct from PA (not analysts or talking heads) is a VERY VALUABLE tool in our armory.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,382
  • Sep 16, 2009 4:44pm Sep 16, 2009 4:44pm
Quoting alter
Hello
Here are some from my resent trades that were stopped out.
EURGBP BEOB with support of DSRI and 0.8800 resistance area
Gold SS was very nice trade as well.
Im not happy with the results but satisfied with setups.
alter
Hi alter.
although I was with your point about Daily gold short term forcast at that particulaer point of time, I was days (or weeks) back against that look at the medium term outlook.I am gold bulish(but I am not trading it).
my forcast;
although taking in consideration price pattern which we are not using here much, but the weekly(Boss),and the Big Boss are showing inverted Head and Shoulder which is bullish taking in consideration that price breached the weekly and monthly R line.
expected TG is shown( but be careful that price sometimes during its ascent can retest the Rt Sh again. )
P.s: (this could be wrong forcast ,only the mkt will show the right path)
i hope this will help.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold1.gif Size: 23 KB
Click to Enlarge Name: gold2.gif Size: 18 KB
  • #5,383
  • Sep 16, 2009 4:48pm Sep 16, 2009 4:48pm
Quoting FlyForex
Hi Strat,
I´m following your system since start but i have a simple doubt that u can simple help me...
Ex. In EurCad yesterday in daily TF we have a good BEOB, with is top in a good downtrend line..... But in Weekly TF we have a Bullish engulfing bar.. Showing Strong bull moment... What u do in this examples?? Do u trade short?? in BEOB or u wait for weekly bearish move???
Thanks...
Flyforex
My goodness, FlyForex, you are one ugly looking bugger! - I'm not sure we allow such ugliness on this thread!

""In EurCad yesterday in daily TF we have a good BEOB, with is top in a good downtrend line..... But in Weekly TF we have a Bullish engulfing bar.. Showing Strong bull moment... What u do in this examples?? Do u trade short?? in BEOB or u wait for weekly bearish move???""

This applies not just to you, ugly bugger, but everyone else trading:

In addition to our technical skills, we need a good dose of COMMON SENSE!

So, you have asked me a question which I see straightaway, without looking at a chart, as a conflict.

You have the Worker telling you to go short and the BOSS telling you to go long - doesn't your COMMON SENSE tell you they are in the middle of a fight and to do NOTHING?

I'm not even going to look at the chart. Why take high risk trades when there are plenty of lower risk trades.

Everyone - SLOW DOWN - you don't always have to be in a trade - pick and choose the best trades - if you can't "SEE" the best trade - THERE ISN'T ONE!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,384
  • Sep 16, 2009 4:53pm Sep 16, 2009 4:53pm
Quoting rockk
Hi alter.
although I was with your point about Daily gold short term forcast at that particulaer point of time, I was days (or weeks) back against that look at the medium term outlook.I am gold bulish(but I am not trading it).
my forcast;
although taking in consideration price pattern which we are not using here much, but the weekly(Boss),and the Big Boss are showing inverted Head and Shoulder which is bullish taking in consideration that price breached the weekly and monthly R line.
expected TG is shown( but be careful that price sometimes during...
rockykoky,

Be very careful with chart patterns - for each one that worked, I can show you one that failed. The most recent that comes to mind is the EURUSD H&S which caught me with my trousers well and truly down at my ankles!

Corbett, are you listening? This was one of my more heavier losses.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,385
  • Sep 16, 2009 4:53pm Sep 16, 2009 4:53pm

U right, Special when u say..... "you don't always have to be in a trade "
Thanks
Flyforex

Quoting strat
My goodness, FlyForex, you are one ugly looking bugger! - I'm not sure we allow such ugliness on this thread!

""In EurCad yesterday in daily TF we have a good BEOB, with is top in a good downtrend line..... But in Weekly TF we have a Bullish engulfing bar.. Showing Strong bull moment... What u do in this examples?? Do u trade short?? in BEOB or u wait for weekly bearish move???""

[color=Black]This applies not just to you, ugly bugger, but everyone else trading:

In addition to our technical skills, we need a good...
  • #5,386
  • Sep 16, 2009 4:54pm Sep 16, 2009 4:54pm
[quote=rockk;3065758]first thx for reply.
who told you that i did not pull the monthly ?
"do i have to place order for you too?"

No worries - I was just teasing!

Glad you took the EURUSD...it really looked like conslidation to me - not a wedge at that time; I do find the USDCHF to be a leading indicator of sorts.
  • #5,387
  • Sep 16, 2009 4:54pm Sep 16, 2009 4:54pm
Quoting rockk
Hi alter.
although I was with your point about Daily gold short term forcast at that particulaer point of time, I was days (or weeks) back against that look at the medium term outlook.I am gold bulish(but I am not trading it).
my forcast;
although taking in consideration price pattern which we are not using here much, but the weekly(Boss),and the Big Boss are showing inverted Head and Shoulder which is bullish taking in consideration that price breached the weekly and monthly R line.
expected TG is shown( but be careful that price sometimes during...
sorry the monthly chart was not clear in the previous post. i hope this one is more clear
Attached Image (click to enlarge)
Click to Enlarge Name: gold2.gif Size: 19 KB
  • #5,388
  • Sep 16, 2009 5:00pm Sep 16, 2009 5:00pm
[quote=Alexandra;3065921]
Quoting rockk
first thx for reply.
who told you that i did not pull the monthly ?
"do i have to place order for you too?"

No worries - I was just teasing!

Glad you took the EURUSD...it really looked like conslidation to me - not a wedge at that time; I do find the USDCHF to be a leading indicator of sorts.
teasing! at my age? ..hehe
few pple use chf as leading.but others dont.
by the way you wanted something to keep for next year ,then to clear the dust off it to shine. I think papers(currencies) dont shine. but gold do.
  • #5,389
  • Sep 16, 2009 5:13pm Sep 16, 2009 5:13pm
Quoting strat
rockykoky,

Be very careful with chart patterns - for each one that worked, I can show you one that failed. The most recent that comes to mind is the EURUSD H&S which caught me with my trousers well and truly down at my ankles!

Corbett, are you listening? This was one of my more heavier losses.
look at my notice at bottom of my post.
what H&S of eur you are talking about?. I did not notice. go ahead and post it.
  • #5,390
  • Sep 16, 2009 5:19pm Sep 16, 2009 5:19pm
[quote=rockk;3065936]
Quoting Alexandra
teasing! at my age? ..hehe
few pple use chf as leading.but others dont.
by the way you wanted something to keep for next year ,then to clear the dust off it to shine. I think papers(currencies) dont shine. but gold do.

LOL - Nah....think I will stick to my plan actually. I'm hearing gold ads on the radio already.

God, Strat, I really am a funny-mentalist.
  • #5,391
  • Sep 16, 2009 5:21pm Sep 16, 2009 5:21pm
[quote=Alexandra;3065921]
Quoting rockk
first thx for reply.
who told you that i did not pull the monthly ?
"do i have to place order for you too?"

No worries - I was just teasing!

Glad you took the EURUSD...it really looked like conslidation to me - not a wedge at that time; I do find the USDCHF to be a leading indicator of sorts.
"She's a ....... big teaser" - Day Tripper - Beatles 1965

Note: According to John Lennon, he wrote p.... teaser but George Martin had him change it to "big" for fear of being banned!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,392
  • Sep 16, 2009 5:22pm Sep 16, 2009 5:22pm
Quoting strat
Thanks for your story and compliments! Forget about DSRI, old pal, there are far more important things to learn before that. By the time you read and UNDERSTAND all the posts, you will understand DSRI - only 346 pages to go!

PS, until you get rid of that MacDonald's crap, you will never be able to truly focus on learning PASR.
Thanks for the reply and advice Strat Will read and learn from you guys, hopefully 1 day I will be as good ad you guys and contribute more to this thread too

Cheers,
Sean.
Discipline is PRIMARY, Method is Secondary.....
  • #5,393
  • Sep 16, 2009 5:27pm Sep 16, 2009 5:27pm
OK Strat,

I can play that little quiz game. Given that I like people to view their own charts, who can spot the E/J static and DSR lines of greatest import?

Hint - here were both touched this week though they are on different time frames.
  • #5,394
  • Sep 16, 2009 5:31pm Sep 16, 2009 5:31pm
Quoting Alexandra
OK Strat,

I can play that little quiz game. Given that I like people to view their own charts, who can spot the E/J static and DSR lines of greatest import?
Now you're talking! How about throwing up a chart for the good people (and the bad too!)?
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,395
  • Sep 16, 2009 5:32pm Sep 16, 2009 5:32pm
Everyone:

In my earlier posts I said I used volume to my advantage. I did, until I had several nasty occurrences of volume leading me in the wrong direction which proved rather costly. Since then, I have done my own research on volume and found that I had been really lucky.

The volume figures we get on our MT4 charts are just a sample from YOUR broker. It is NOT a sample of the whole forex market. It cannot be since there is no central forex exchange.

So, each broker has DIFFERENT volume figures – no two brokers have the same volume.

As an exercise, I compared the volume figures for several pairs from my brokers and from other brokers that I obtained demos from. The results were amazing and totally random. There is no way that anyone can use forex volume in their analysis to produce consistent and reliable results.

The only way that volume can be used is to use the volume from FUTURES where they do have a central exchange and where the volume figures are reliable. I did try and do this but it is a lot of work for a very small return and not seeing any improvement in my ROI, gave up on it.

So for those people who have volume on their charts, stop fooling yourself and get rid of it and use the extra chart space to show clearer PASR.

While I’m at it, if you have anything on your charts which you don’t use or does not serve a purpose, delete it. It is only a distraction and is taking up valuable chart space which is needed to show PASR.


15 YEARS OF PASR ON FOREX FACTORY!
  • #5,396
  • Sep 16, 2009 5:33pm Sep 16, 2009 5:33pm
Nah - they need to pull it out of their own --- er.....chart packages.
  • #5,397
  • Sep 16, 2009 5:35pm Sep 16, 2009 5:35pm
Quoting strat
Everyone:

In my earlier posts I said I used volume to my advantage. I did, until I had several nasty occurrences of volume leading me in the wrong direction which proved rather costly. Since then, I have done my own research on volume and found that I had been really lucky.

The volume figures we get on our MT4 charts are just a sample from YOUR broker. It is NOT a sample of the whole forex market. It cannot be since there is no central forex exchange.

[font=Arial]So, [b]each...
Agreed - I almost posted this last night - Futures volumes...maybe. The theory is good; the practical is not.
  • #5,398
  • Sep 16, 2009 5:56pm Sep 16, 2009 5:56pm
At the risk of forever being cursed, can it really get any simpler than this?
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy sep 16.gif Size: 38 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,399
  • Sep 16, 2009 6:05pm Sep 16, 2009 6:05pm
or this?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd sep 16.gif Size: 35 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,400
  • Sep 16, 2009 6:15pm Sep 16, 2009 6:15pm
"Well lookie here" as some Texan guy I once knew used to say.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy sep 16.gif Size: 36 KB
15 YEARS OF PASR ON FOREX FACTORY!
3 traders viewing now