DislikedI know what you are talking about. Lets see what the BoJ do tonight.Ignored
If I am right... you read it here first.
If I am wrong.... please delete this post.
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DislikedI know what you are talking about. Lets see what the BoJ do tonight.Ignored
DislikedDon't we assume it is already in the price now? Which makes it tempting.
B Boss's upwards thrust apparently weakening, Boss retraced to 50 Fib and major S line and forming a hammer, and the Daily stopped at the S line and 50 Fib. No break of the UP TL on either the Daily or the Boss.
Probably better to wait to see a strong close above 8470 although that would waste quite a few pips if it does start to move up.
Next R would be 8970 on my chart.
[b]I've got two shorts running, EURGBP and EURJPY which are only hanging on by the skin...Ignored
Disliked
...And how long to leave them (TL's) on a chart after they are broken? Should we be leaving past trend-lines on the chart to see if they may become DSRI's or loving them and leaving them as soon as they slip up?Ignored
DislikedYou are very criptic Alexandra!
Which bit is 'delicious', my failing shorts or the AUDJPY comment?
Just seeking to learn a bit more at each stage of the Path, that's all.Ignored
DislikedStrat, are you familiar with Sam Seiden concepts on Supply & Demand? "His" findings and explanations sound very logical to me. Here's a pdf with the basics http://www.kantorfx.com/ebooks/suppl...&%20demand.pdfIgnored
DislikedLet me join the "crypto" camp.
"Maybe the dinner to be served is delicious"Ignored
DislikedYou are very criptic Alexandra!
Which bit is 'delicious', my failing shorts or the AUDJPY comment?
Just seeking to learn a bit more at each stage of the Path, that's all.Ignored
DislikedYou are right - sorry - Just having a bit of fun with that one - Strat's comment is on the money I believe in that one......Chunnel bounced very smartly off of thet big fat line, so I do not understand your short in that one. E/J can be argued either way for the moment.Ignored
DislikedWell, the short on EURGBP was taken on Monday and did okay on Tuesday (my time), started to go north yesterday and probably should have closed out but......
EURJPY has been successful for me in the past as it trades within a channel and looked as if it was going down again on Friday 13th (??), and it did okay until end of today. Oh well......
Just haven't got the hang of moving Stops. With high volatility there is always the dilemma of risking getting stopped out too soon vs. taking profits too soon................don't know how to handle that...Ignored
DislikedIt's all waffle, fluff and filler. Too much reliance on "green dots". How do they configure their magic "green dots"? Why do they need "green dots"? Can't they read PRICE ACTION?
We have explained Supply & Demand in greater detail than that. I hope you didn't pay for that garbage!Ignored
DislikedHi Soso,
Sam Seiden is a really down to earth guy. Had a chance to meet and talk with him back in the Summer. There is an OTA branch in the Twin Cities. Got my S/R start with him many moons ago... his free stuff on the link you listed is a good start, plus more free good ideas especially when coupled with Strat's teachings, can be found at Online Trading Academy. My problem is that he is often on much smaller TF and on stocks... neither of which I trade. http://www.tradingacademy.com/newsletters.htm
LouIgnored
DislikedConstructively (I owe you that), one practical method is to avoid the excessively volitile (E/Y) or high pip count (Chunnel) markets in favor of straight EURUSD or USDCAD. Those markets trade more technically, respecting the appropriate levels more than E/J, which overshoots all the time. Hence, it is much easier to define a stop loss point and trust thet it won't be run; it is also much easier to trail in those markets.Ignored
DislikedYep that is wise. I get a bit nervous when I see charts with all those very spiky candles with enormously long wicks and shadows - a sure sign of volatility. I'll stick to the neatly formed and tighter candled pairs in future.
Overall I'm still ahead since starting trading for money at the end of July and made quite a lot in October from EURJPY, so I won some and lost a very small amount from that pair, but it was a hairy ride I admit. I may go back to it when I am more confident on the 'boring' pairs.
Thanks again for your comments. [I'll be...Ignored
DislikedIt has been said many times by Strat and other pro traders here/there that trading is about 5% technical and 95% psychology. I believe this is the way professional traders view trading (and we should all view it as such); they always strive to develop their psycho muscle and vigour.
I found this pdf file about trading psychology and think it might help some of us here. It buttresse(s) the point Strat has been hammering almost within each page of this thread.
ThanksIgnored