Strat's Long Term Stress Free Trading | Page 921 | 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

  • #18,401
  • Aug 9, 2013 11:16am Aug 9, 2013 11:16am
AUDUSD

Quoting moneyrunner
AUD.USD trade nice 100 + pips {image} {image}
AUDUSD has been very, VERY profitable for PASR traders (as have most of the audxxx pairs)

If you have read this thread you would have UNDERSTOOD that there are no pin bars on here. We ONLY identify HAMMERS and SHOOTING STARS which are significantly MORE POWERFUL (in the right hands) than pin bars which are for the ladies in their ""stitch and bitch"" classes.

Attached Image


Attached Image


Which would you rather use?
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,402
  • Aug 9, 2013 11:16am Aug 9, 2013 11:16am
I know Dr. Bond. James Bond, we are brothers. I’m the better looking one. I don't think there is a price (my favorite price) to be a member on your site if I am correct, I'll subscribe this weekend. Thanks for your input.
  • #18,403
  • Aug 9, 2013 11:32am Aug 9, 2013 11:32am
Quoting DrNoStopLoss
I know Dr. Bond James Bond, we are brothers. I’m the better looking one. I don't think there is a price (my favorite price) to be a member on your site if I am correct, I'll subscribe this weekend. Thanks for your input.
Ha ha! With respect, my pal Bond was a better looking guy than any of the screen Bonds and by far, a "lady killer extraordinaire"!

There is a FREE section on www.stratsforextrading.com which contains a wealth of trading information but a subscription is required to join the Forum and participate in applying that wealth of information under the mentorship of professional traders.

Also note that there is NO ADVERTISING ALLOWED on this site - it is not there to make money - it is purely educational

Attached Image (click to enlarge)
Click to Enlarge Name: www.stratsforextrading.com.png Size: 521 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,404
  • Aug 9, 2013 11:52am Aug 9, 2013 11:52am
EURAUD

Quoting strat
EURAUD PASR PASR on EURAUD - so who has what it takes to SELL this? {image}
Well, one of our 3 STAR students has! He is still holding LONG positions while counter trend trading the pull backs.

Here is his post on www.stratsforextrading.com from last night:



Post subject: Re: Frank's Path Post Posted: Thu Aug 08, 2013 9:32 pm


Well the recent big moves have wiped out about 1400 pips off my open positions and it's times like these when I question how long I should be staying with a trend. This is my homework for the next while.

EURAUD short

My entry was actually off 4h, I felt I saw H&S pattern, with PA.
my target for this CT is 1.4590

I have taken profits on my longs, due to my comments above.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Buy and Sell.PNG Size: 35 KB


I am still in the counter trend trade trying to squeeze a bit more out before the UP trend kicks in again.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,405
  • Aug 9, 2013 12:36pm Aug 9, 2013 12:36pm
Quoting strat
{quote} Ha ha! With respect, my pal Bond was a better looking guy than any of the screen Bonds and by far, a "lady killer extraordinaire"! There is a FREE section on www.stratsforextrading.com which contains a wealth of trading information but a subscription is required to join the Forum and participate in applying that wealth of information under the mentorship of professional traders. Also note that there is NO ADVERTISING ALLOWED on this site - it is not there to make money - it is purely educational {image}
Awesome I'll look into it. Thanks.
  • #18,406
  • Aug 9, 2013 7:36pm Aug 9, 2013 7:36pm
Quoting strat
{quote} Still groping in the dark but I will venture an analysis. You can't beat groping in the dark! My pal Bond used to say, "A grope in the dark leads to a f**k in the Park" and he should know he did it all the time! AUDJPY Big Boss - 1 longterm uptrend despite a couple months down Yes 2 above the shadow Yes 3 looks as if it could be turning to trend up now, having hit support and just penetrated the shadow Yes Boss 1 has been in downtrend and passed through the shadow but has hit major resistance Yes 2 by the end of trading today, a long tailed,...
Fantastic that you reply to all and sundry like me.
I really appreciate it.

Yes I do understand that it is a risky counter trend position to take and will be looking carefully to watch for an early reversal.
I thought the AJ looked a lot more likely than the UJ where I would not have entertained the thought of a CT trade.

A bit of background.
My trading background is similar to probably hundreds you have heard before.
I did trade indices fairly seriously but very naively and with very little success 12 years ago- largely without indicators.
I have been through the normal path of ea's, indis etc and felt half comfortable with TMS with TDI and Heiken Ashi candles and managed to be consistently profitable in a small way with my demo account over 4 months.

But in the end I concluded;
1. I had to trade only with the longer term trend - determined mostly by the weekly chart and a few vague 'trade long above and short below this ma" type plans.
2. Then figured I got better entry signals with normal candles - after having spent some time going through your education gear and a couple of others on PA and S and R.
3. I also went eventually to longerterm-trading from day chart - just felt better and doing a bit of back testing I found I gained just as many pips as pklaying with the 4hr time frame.

So the path has led to your thread.

I am very happy to be here and look forward to following this path through the forum.

Aah yes - a grope in the park,ending in a b..k in the dark - bring it on!
  • #18,407
  • Edited 1:08pm Aug 10, 2013 11:27am | Edited 1:08pm
Quoting andygrope
{quote} Fantastic that you reply to all and sundry like me. I really appreciate it. Yes I do understand that it is a risky counter trend position to take and will be looking carefully to watch for an early reversal. I thought the AJ looked a lot more likely than the UJ where I would not have entertained the thought of a CT trade. A bit of background. My trading background is similar to probably hundreds you have heard before. I did trade indices fairly seriously but very naively and with very little success 12 years ago- largely without indicators....
My signature under my Strat avatar, when we had one, was "Trader helping traders". Since most of my trades are End of Day, I needed something to do during the day to "look busy" to avoid having to do "honey dos" for the trouble and strife so, at the request of many traders on other forums, started this website. After many requests to take my teaching to the next level, I started www.stratsforextrading.com which has spawned the profitability of many losing traders.

Unfortunately, the scam marketeers portray trading, and especially forex, as a "Get Rich Quick" enterprise which lures the gullible to the downright brain dead and everything in between to these forums. This was another reason to start a private website - to filter out the idiots and only work with serious, dedicated students. Each year sees more and more "Holy Grail" and "Get Rich Quick" hunters swarm and saturate these free forex trading websites but luckily they are drawn to the flashing lights, bells and whistles, squiggly lines, eye candy, short time frame threads. Occasionally we get a few lurkers straying on here but when they find out they have to ""WORK"" to learn how to trade, disappear faster than a fart in an elevator!

I have the time, but not the patience, to deal with "Holy Grail Hunters" and "Get Rich Quickers" which is why I filter these out with my harsh, maybe somewhat arrogant, remarks. The idiots and not serious get offended and run like hell back to the warmth of their mother's womb leaving only those with an interest in serious trading. The even more serious and dedicated members transition over to www.stratsforextrading.com where they are tutored by me, other senior traders and other members in a very friendly, sharing, caring and helpful environment, worlds away from the "dog eat dog" cut throat scenes which exist on public forums.

Over 20+ years ago, I was helped by some friendly, and some not so friendly, professional traders who helped me get where I am today so I owe it to myself to help those who were in my position all those years ago.

Since you have some interest in "real trading" make sure you read from Page 1 on here and read "About" and "The Path" by registering in the FREE section of www.stratsforextrading.com.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,408
  • Aug 10, 2013 12:44pm Aug 10, 2013 12:44pm
USDJPY

Nice try - but you are not fooling PASR traders!

Full discussion on www.stratsforextrading.com

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy WORKER.png Size: 51 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,409
  • Aug 10, 2013 12:49pm Aug 10, 2013 12:49pm
EURUSD

PRICE at BIG BOSS SUPPLY

Full discussion on www.stratsforextrading.com

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd BIG BOSS.png Size: 50 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,410
  • Edited 6:50pm Aug 10, 2013 6:31pm | Edited 6:50pm
Quoting strat
AUDJPY What do you think, Wild Thing, will this make my heart sing? {image}

Apologies for delay - I have a lot on.
Nice reply from Andygrope to which Strat has already replied.

Actually, I had a bit on this pair too and I'll disclose now that I've been taking scalps long :

Attached Image (click to enlarge)
Click to Enlarge Name: audjpymh1.png Size: 9 KB


That position reached target before close of week.

I have no desire to be in this pair over the weekend. Apart from the obvious comment from Strat "- UNDERSTAND that you are standing on a freeway in front of 6 lanes of 18 wheelers hurtling at you at 65 mph!", there is a lot going on with the Aussie:

1. Reserve Bank Governor has been "jaw-boning" this pair down for over a year. Threatening rate cuts - last of which finally implemented at the recent rate decision a week or so back.
Will there be more rate cuts? I don't think so.
Will there be more "jaw-boning"? I do think so!
But, what do I know? Nothing really.
2. Election uncertainty. We have seen real fear in the markets around Aussie over looming election. That uncertainty over election outcome/policy is still in play.

In short, I expect volatility.

Lets look at the bigger picture(s).

I like to start with the Boss.

Attached Image (click to enlarge)
Click to Enlarge Name: audjpyweekly.png Size: 10 KB


I have just two levels marked.
I also admit to being an inveterate "Bottom Watcher".

I have been watching these lines (unashamedly) for signs of a potential turn.

So how do these levels on the Boss line up with the Big Boss?

Attached Image (click to enlarge)
Click to Enlarge Name: audjpymonthly.png Size: 11 KB


Oh?

They may just be important?

Of course, if the hammer formed last week (on the boss) does not hold then we could be looking at a ticket on the express train south, maybe all the way to 74. Who knows.

I will be watching on Monday (your "sunday open"). My preference is for longs - on short time frames - with limited and clearly defined risk -and keeping last week's candle firmly in mind.

Of course, if that candle fails to hold...

Well,

"go with the flow".
  • #18,411
  • Aug 10, 2013 9:17pm Aug 10, 2013 9:17pm
EURCAD

I got my EW abacus out!

If we only knew this at the HARD RIGHT EDGE!

Full discussion posted on www.stratsforextrading.com

Attached Image (click to enlarge)
Click to Enlarge Name: eurcad EW count.png Size: 69 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,412
  • Aug 10, 2013 9:32pm Aug 10, 2013 9:32pm
Quoting trogger
{quote} Apologies for delay - I have a lot on. Nice reply from Andygrope to which Strat has already replied. Actually, I had a bit on this pair too and I'll disclose now that I've been taking scalps long : {image} That position reached target before close of week. I have no desire to be in this pair over the weekend. Apart from the obvious comment from Strat "- UNDERSTAND that you are standing on a freeway in front of 6 lanes of 18 wheelers hurtling at you at 65 mph!", there is a lot going on with the Aussie: 1. Reserve Bank Governor has been...
Good to see your take on the AUDJPY.
Input like that and of course Strat's replies to my posts are really appreciated and a great learning tool.

In retrospect, I would not normally want to have that position open over the weekend but as it was my first experience on this thread with Strat's input charts, I thought I would do it.
We will see in the morning at the Asian opening, but I should have closed out half my position or all of it on Fri. and really, as a relative newbie, I should have not gone for a Counter Trend trade.
  • #18,413
  • Aug 10, 2013 10:51pm Aug 10, 2013 10:51pm
PASR Trading - THE 5%

The Only Way To Win

Extract from my SWING TRADING thread:

Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,414
  • Aug 10, 2013 10:53pm Aug 10, 2013 10:53pm
The Way To Lose - The 95%

Extract from my SWING TRADING thread:

Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,415
  • Aug 11, 2013 4:59am Aug 11, 2013 4:59am
Thanks for posting the reminder Strat.
I have gone through your Path material on your website a couple of times.
It is clear and simple.
Can you tell me a bit more about the Members' Area please.
Am I right in supposing that it is an extension of the FF thread where you and other members help each other in more depth and discuss various possible setups etc.?
Cheers
  • #18,416
  • Aug 11, 2013 10:37am Aug 11, 2013 10:37am
Quoting andygrope
Thanks for posting the reminder Strat. I have gone through your Path material on your website a couple of times. It is clear and simple. Can you tell me a bit more about the Members' Area please. Am I right in supposing that it is an extension of the FF thread where you and other members help each other in more depth and discuss various possible setups etc.? Cheers
Think of this FF thread as the skeleton. My private website adds EVERYTHING else to COMPLETE the method. Most new students are intimidated by the amount of information I have provided so I have a thread for new members titled "New Members Start Here" explaining where to start and how to use the vast wealth of trading information.

In addition, I continue to add the methods I use and used as I developed PASR and as PASR evolved. For example, my wife just found my January 2nd, 1992 hand written notes on SWING TRADING so I have posted that in "SWING TRADING" in "STRAT"S METHODS".

I have a separate thread "ADVANCED TRADING TECHNIQUES" for 3 STAR students and above where I show methods, strategies and techniques I use to pull more pips out of the market.

However, all this information is of NO USE (you can lead a horse to water, but you can't make him drink) if the student does not know how to apply it or use it so students are tutored by me, my senior traders and other members to apply this information to their trading. Each student has his own Trading Journal which is a log of his Q&A and progress. There is also a thread for each forex pair where we discuss trading opportunities. This is all done in my teaching style of "Teaching to fish" rather than giving them a fish.

As I have done on here, I occasionally post opportunities (signals) but I occasionally post incorrect information to SEE if students are UNDERSTANDING (my test).

I have attached the index of Forums in the main Members' Forum.

If you are skeptical and believe some of the posts written by the lurkers and idiots on here, I invite you to go to your Registration and ASK the MEMBERSHIP by way of a post to give you an honest opinion of me and my services.

Thank you for your interest in www.stratsforextrading.com

Attached Image (click to enlarge)
Click to Enlarge Name: Path of Learning inside the Members' Area.png Size: 61 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,417
  • Aug 11, 2013 8:14pm Aug 11, 2013 8:14pm
Quoting trogger
{quote} Apologies for delay - I have a lot on. Nice reply from Andygrope to which Strat has already replied. Actually, I had a bit on this pair too and I'll disclose now that I've been taking scalps long : {image} That position reached target before close of week. I have no desire to be in this pair over the weekend. Apart from the obvious comment from Strat "- UNDERSTAND that you are standing on a freeway in front of 6 lanes of 18 wheelers hurtling at you at 65 mph!", there is a lot going on with the Aussie: 1. Reserve Bank Governor has been...
Hi Trogger.
Got out first thing this morning Asian time for a small 38 pips win - and another lesson learnt.
  • #18,418
  • Aug 11, 2013 8:57pm Aug 11, 2013 8:57pm
NZDUSD

We have 3 SR levels where PRICE could reverse back into the DOWN trend - we don't guess which one to take - we WAIT for the market to tell us.

Or we could wait for Wild Thing, our resident Kiwi, to shine some light on this.

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd SR.png Size: 56 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,419
  • Aug 12, 2013 5:04pm Aug 12, 2013 5:04pm
EURAUD

How much confluence do you need?

Attached Image (click to enlarge)
Click to Enlarge Name: [EURAUD,Daily]_2013-08-12_15-02-25.png Size: 44 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,420
  • Aug 12, 2013 5:48pm Aug 12, 2013 5:48pm
USDJPY

Counter Trend trade - Another 150 pips or so UP to the Strat Shadow

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy WORKER.png Size: 39 KB
15 YEARS OF PASR ON FOREX FACTORY!
6 traders viewing now