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Trading TheStrat / Rob Smith's Method

  • #121
  • Mar 7, 2024 11:40am Mar 7, 2024 11:40am
Quoting Lou
{quote} I noticed the use of the open on an indicator. Help me think about that concept. .. could you explain since most calculations are based on the close. Curious
I believe that I picked that up from many of The Strat videos that I watched recently; anyone else pick up on that?

My guess is that a candle number is not fully assigned until the Close, hence the earliest entry would be the next Open.

I will review the videos when I have time and locate a reference for you.

Trade Responsibly.

It takes a lot for me to IGNORE you, but you can try.
  • #122
  • Mar 7, 2024 2:58pm Mar 7, 2024 2:58pm
Quoting forexlabamba
good morning traders I took a sell on euraud there is timeframe continuity daily is 22 reversal 1h entry with 212 continuation pattern let me know what you think of this {image} {image}
Hi forexlabamba, thanks for your posts.
your entries are a bit late, imo... yes you identified the Actionable Signals and In Force patterns, but entries need to be closer to where the reversals occur (see your chart, attached, with possible earlier entries).
The same comment applies for your GBPJPY post.
MantisClaw
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD STRAT DAILY 7 MAR 2024 SOMEONE LATE ENTRY 3.jpg Size: 140 KB
We don't see things as they are - we see things as we are.
  • #123
  • Mar 7, 2024 3:44pm Mar 7, 2024 3:44pm
Quoting Erebus
{quote} I believe that I picked that up from many of The Strat videos that I watched recently; anyone else pick up on that? My guess is that a candle number is not fully assigned until the Close, hence the earliest entry would be the next Open. I will review the videos when I have time and locate a reference for you. Trade Responsibly.
Yes candle number does change between it's open and close. Makes sense as it may start out as an inside bar and price action could have it end up as engulfing . Might have been a better indicator if the number didn't appear until candle closed.
  • #124
  • Mar 8, 2024 7:53am Mar 8, 2024 7:53am
Quoting sonicvista12
{quote} Hi forexlabamba, thanks for your posts. your entries are a bit late, imo... yes you identified the Actionable Signals and In Force patterns, but entries need to be closer to where the reversals occur (see your chart, attached, with possible earlier entries). The same comment applies for your GBPJPY post. MantisClaw {image}
hi sonicvista
thank you for pointing out the mistakes
I learn as I go and I will pay attention to what you said
  • #125
  • Mar 8, 2024 7:58am Mar 8, 2024 7:58am
Quoting Erebus
{quote} I believe that I picked that up from many of The Strat videos that I watched recently; anyone else pick up on that? My guess is that a candle number is not fully assigned until the Close, hence the earliest entry would be the next Open. I will review the videos when I have time and locate a reference for you. Trade Responsibly.
hi Erebus
I'm interested to know this too
If you find the video I will take a look
correct me if this is wrong but you buy with the Strat only with the condition that the price is above the current and last month's high and also above the current and the last week's high
and vice versa for selling
  • #126
  • Mar 8, 2024 9:44am Mar 8, 2024 9:44am
Quoting TerryDawe
EURUSD: Remember we talked about the weekly hammer recently Lou, looks like it yielded quite well so far. {image} {image} {image}
Still truckin, no signals to get out.
Looks like we have a nice PMG on the weekly, not sure if it will take out all but so far no signs of stopping.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
Click to Enlarge Name: screenshot.png Size: 15 KB
  • #127
  • Mar 13, 2024 6:13am Mar 13, 2024 6:13am
hello traders
I took a buy on eurchf
there is timeframe continuity to the upside
daily is 2d2u reversal
1h entry with 212 pattern
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHFDaily.png Size: 52 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURCHFH1.png Size: 56 KB
  • #128
  • Mar 13, 2024 10:28am Mar 13, 2024 10:28am
Quoting forexlabamba
hello traders I took a buy on eurchf there is timeframe continuity to the upside daily is 2d2u reversal 1h entry with 212 pattern {image} {image}
Hello, I am trying to understand your trade. On what bar did you place your order ?
  • #129
  • Mar 13, 2024 11:04am Mar 13, 2024 11:04am
Quoting forexlabamba
hello traders I took a buy on eurchf there is timeframe continuity to the upside daily is 2d2u reversal 1h entry with 212 pattern {image} {image}
Almost impossible to see your charts clearly.
  • #130
  • Mar 13, 2024 3:40pm Mar 13, 2024 3:40pm
Quoting TerryDawe
{quote} Almost impossible to see your charts clearly.
Almost, you have to click on it, opens in new tab, click it again, zooms in.

Attached Image (click to enlarge)
Click to Enlarge Name: 2024-03-14_6-38-47.jpg Size: 62 KB
It takes a lot for me to IGNORE you, but you can try.
  • #131
  • Mar 13, 2024 5:20pm Mar 13, 2024 5:20pm
Quoting Lou
{quote} Hello, I am trying to understand your trade. On what bar did you place your order ?
Quoting TerryDawe
{quote} Almost impossible to see your charts clearly.
hi Lou and Terry
the entry was on 212 pattern
the red candle marked with x sign is the 1 in the 212
next candle took out the high of 1 and became 2
that's when I entered
because of the spread the entry is far away on the upside on the original image
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHFH1 x.png Size: 52 KB
  • #132
  • Mar 13, 2024 5:24pm Mar 13, 2024 5:24pm
Quoting Erebus
{quote} Almost, you have to click on it, opens in new tab, click it again, zooms in. {image}
hi Erebus
thank you, that's correct
I don't know how to post the image to look clear by default
  • #133
  • Mar 13, 2024 5:41pm Mar 13, 2024 5:41pm
possible 212 on gold if it takes out the high of 1 candle
if this happens, the weekly will also be green and we will have time frame continuity
I initiated a buy stop order
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDDaily.png Size: 55 KB
  • #134
  • Mar 14, 2024 4:48am Mar 14, 2024 4:48am
hi traders
eurchf timeframe continuity to the upside
there is 2u2u continuation pattern on the daily
I initiated a buy in 1h timeframe with 212 pattern
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCHFDaily 2.png Size: 69 KB
Click to Enlarge Name: EURCHFH1 2.png Size: 64 KB
  • #135
  • Mar 14, 2024 5:31am Mar 14, 2024 5:31am
Quoting forexlabamba
hi traders eurchf timeframe continuity to the upside there is 2u2u continuation pattern on the daily I initiated a buy in 1h timeframe with 212 pattern {image} {image}
So, you're okay to call the candle number and direction before the close?

And I see a 3 on the 1-hour, is that where you mean? I guess it doesn't matter, just enter on the 1, inside bar.

Thanks.
It takes a lot for me to IGNORE you, but you can try.
  • #136
  • Mar 14, 2024 6:54am Mar 14, 2024 6:54am
Quoting Erebus
{quote} So, you're okay to call the candle number and direction before the close? And I see a 3 on the 1-hour, is that where you mean? I guess it doesn't matter, just enter on the 1, inside bar. Thanks.
hi Erebus
my gosh you're right! it is 312 not 212 and it's my mistake
numbering the candle before close, that's what I picked up from sara sniper but I probably misunderstood
I will rewatch some of the videos I have already watched
so we need to wait for every candle to close, on both the higher timeframe and the entry time frame?
  • #137
  • Mar 14, 2024 7:00am Mar 14, 2024 7:00am
maybe wait for the candle close on daily and enter before the candle close on 1h
according to this picture
https://www.forexfactory.com/attachm...8?d=1707377659
  • #138
  • Mar 14, 2024 8:06am Mar 14, 2024 8:06am
brent oil
FTFC
daily 2u2u
1h buy entry with pending order above the high of 1 candle in 2d2u reversal formation (before the last green candle seen on the graph)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BRENTDaily.png Size: 57 KB
Click to Enlarge Name: BRENTH1.png Size: 50 KB
  • #139
  • Mar 20, 2024 5:04pm Mar 20, 2024 5:04pm
Now that's a 3

Attached Image (click to enlarge)
Click to Enlarge Name: 2024-03-21_8-01-52.jpg Size: 293 KB
It takes a lot for me to IGNORE you, but you can try.
  • #140
  • Mar 20, 2024 5:26pm Mar 20, 2024 5:26pm
And the opposite for the Gold bulls

except, no 3

Attached Image (click to enlarge)
Click to Enlarge Name: 2024-03-21_8-24-40.jpg Size: 287 KB
It takes a lot for me to IGNORE you, but you can try.
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