Strat's PASR Long Term, Stress Free Trading

Quoting Suran

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let's have a little discussion... anybody interested............... I can remember I had argument with my fellow Strat's students about using historical Strat shadow crossing as S/R level.. I entered a trade today and picked quick scalp ... looks like strat shadow crossing worked or is it? let's hv a little discusion..if anybody interested ONLY If there is any interest then I will reply why this worked ......... {image} enjoy

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Quoting Lou

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{quote} First.. just so we are on the same page..... what Ema's are you using ?

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Quoting Suran

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{quote} mine is 72, 20 below are how it would look like if you using 50,20 or 63 ,20... if any body using 50,20 then he or she might get nice set up. however which EMA you using dosent matter.. if we know our stuff then we should be able to explain why it worked or why its not... dont we? 50,20 {image} 63,20 {image}

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Quoting Lou

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{quote} Suran, the charts you posted caught my eye because of an interesting phenomena . What I saw on the charts you posted gave me the idea to do this. I am posting a chart with EMA 9 and 20. The red arrow shows the cross I located initially to make this post. The yellow line shows price action in both the present and what was in the past, before the 9/20 cross occurred. But look to the area of the gold arrow to the left. I noticed how the line which identified the {image}cross was respected in both directions. Very interesting. I did not cherry...

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Quoting tomgoodman

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Why you don't use volumes for analysis?

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Quoting Suran

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{quote} good observation, but the cross in this chart is not that important.whats important there was the previous Support turned resistance ...and when a cross happend at the same level then that level is supper important..but then again did the PRICE bounced every time when it hit the level? nop..question is why? so back to me chart ...................why price reacted to that level? is it the cross or some thing else....

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Quoting Lou

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{quote} Something else. The ema crosses have no special power. If they did price would bounce at the crossing point every time ... just as you have raised the question. But price does not do that, as you have observed. The Support and Resistance levels of price occur whether the Emas are present or not. They are indicators. I think the Something Else is Price Manipulation by, as Strat says, the Big Boys. Looking at the G/U 5m chart in question, note the price action starting just before 8 a.m. which is leading up to the NY open. Then look at the...

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Quoting Suran

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{quote} Are the Big Boys using the retail traders' attraction to Emas as a way to exploit them ? They might be ..at times..not all the times. it depends the volatility and liquidity etc.. if they can get enough orders on the books then they might enter at MA's for a discount price (if they are long )or premium price (if they are short). whats more important to them is the liquidity.. if they canot get enough size on the books then they will manipulate the PRICE to get your stops so that they can fill thier orders.. while when you and me trading...

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Quoting Lou

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{quote} Actually I completely forgot that you had made a trade. I just went back to look. Ok.. what was the reason your trade worked ?

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Quoting Suran

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{quote} I still dont see any interest from you guys to learn that .... still its only you...

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Quoting Lou

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{quote} The thread has been very quiet for several weeks, including myself . So maybe members are just not checking in. I would not say it has to do with your question in particular. On the most recent chart you posted I see a box or range . The bottom is drawn in from the ema cross. You could do the same at the upper range from near the higher ema cross. So that would build the box with a 50 pip range or so. Based on price action one might want to trade from the high to the low and back. Price shows that has been attempted several times

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Quoting Suran

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{quote} Based on price action one might want to trade from the high to the low and back how do you know there is a resistance at top side ? EMA cross?..I can only laught at this m8.no offence to anybody..but thats what it is.. BTW I already told you whats lies above the price (many posts earlier)... but nobody incorporated it in to thier trading..which is bit unfortunate for you (not me). and then keep on arguing and trying to prove you are right... what to do.. anyway back to my last chart ...... I thought some one might jump in and say.."look...

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Quoting Lou

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{quote} Suran, I really don't know what you are attempting to say. I told you what I see in these last few chart posts. That is what I am responding to... nothing else. Simply giving my observations . That is not arguing. Plus the way you are going about all of this is , for me, very annoying.

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Quoting Suran

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{quote} ok.. will stop it right there..you can keep looking at the markets the way you like to see..hope the MA crosses will pay your bills..

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Quoting Lou

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{quote} Suran, you have constructed in your mind that I have a point to prove with the crosses. I never have . Just making observations, never saying one thing is better than the other. So your attitude makes no sense at all.

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Quoting Suran

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{quote} Did I say that YOU trying to prove a point... All I said is you believing historical MA cross too much...so I tried to help you (twice in this thread now) and stop paying your bucks to professionals and stop giving back your hard earned money to bigboys..... seems like I am someone with an attitude..

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Quoting Lou

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{quote} I never in the past have had this ema cross discussion with you.

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Quoting Suran

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{quote} Based on price action one might want to trade from the high to the low and back how do you know there is a resistance at top side ? EMA cross?..I can only laught at this m8.no offence to anybody..but thats what it is.. BTW I already told you whats lies above the price (many posts earlier)... but nobody incorporated it in to thier trading..which is bit unfortunate for you (not me). and then keep on arguing and trying to prove you are right... what to do.. anyway back to my last chart ...... I thought some one might jump in and say.."look...

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