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Strat's Long Term Stress Free Trading

  • #981
  • Mar 21, 2009 8:56pm Mar 21, 2009 8:56pm
First thing about me I’ll share is that Strat and I were born within a month of each other. I grew up on the beach in California. I was never quite a hippie but I sure became a surfer and remain one to this day. I've been surfing close to 50 years. There's a surprising degree of similarities with trading.

So let’s see. I’ve raised my family on a tropical island with no stop lights even still. And I can and do go surfing whenever I want. For nearly 30 years I’ve pulled off the Lifestyle. Now I want the money. GRIN

It’s the weekend, so at the risk of being considered Really Weird I’ll share a little chart fun. If you don’t see what I’m looking at right away, then picture that last candle as a little stick man Getting Tubed!!
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Click to Enlarge Name: getting tubed audusd weekly.gif Size: 17 KB
  • #982
  • Edited 11:31pm Mar 21, 2009 9:13pm | Edited 11:31pm
Quoting Baba G
Im so glad it all helps the cause.

Your right what i have is what has been shown me.Namely by the "Wizard in training" James 16.This man is a living grail.Along side him is the "Medicine Man" Fiji,Whatever "huston" you got he got the cure.Bringing more power to this great council is MBQB11 and his exit stratergy....read it and weep!.I aspire to thier understanding and insight and there sense of giving.

If she is our Queen(market) then he is King(Price Action).Thats what i wanted to show you.Fail to honour the King he will fail to honour...
Pizza man, ye hast taken me back to the days of yore when bad brother John stole the throne while good King Richard (The Lionheart) was on his Middle East tour!

I now seeeth that thou are indeedst Robin Hood since thou camst from Nottingham, taking from the rich (brokers and MMs) and giveth to the poor (amateur traders). Nay, couldst thou beest The Bard, for thou art indeedst foresooth in thy tongue? Or couldst thou be the Knight of the Round Table forever trying to have thy way with thy Queen in the search of her Grail?

Whence comest thou, I do not know, but thou canst wit what the day will bring therefore, whither thou goest, I'll go, for thy shining armour on thy white horse showeth the path to follow.

Marvelest! I likest it, honourable Knight, thy Queen (Market) and her King (Price Action), but where the bloody hell does the train fit in?
15 YEARS OF PASR ON FOREX FACTORY!
  • #983
  • Mar 21, 2009 9:39pm Mar 21, 2009 9:39pm
Quoting reddog19
In reply to a recent PM about choosing the precise S/R number, Strat replied to me ...

"It's not a calculation - it's on the chart. Forget equations it's something that's been on there since the first price chart was drawn."

I decided to start at Post #1 again but I didn't even get through page 4 before I sent the following:


....My review didn't even get to the first chart that you posted. I'm stuck on you GBPCHF trade you entered on the 2nd or 3rd of March.....(post #52)

...
Michael, you are the inspiration to all those trying to learn but forever looking for short cuts. You are reading, not understanding so are asking questions. You then take the reply (not a spoon fed answer) and do more reading then find something new you don't understand so come back with more questions. This is the re-iterative process at its best and the only way to truly learn and understand. Congratulations and keep continuing to inspire.

Thanks for trying to make me out as some "guru" with mystical powers into the future but "it's all in the charts". I have already trained 2 traders in my S & R method (names later) and they can do exactly the same as me but it's not much different to any other trader trading price action at support and resistance. You will get there too.

"'Would you have come up with the same figure of 1.586 if you were using my slightly different data?"'
Yes and no BUT the support and resistance levels identified would be RELATIVE to the prices on YOUR chart.

"'If so, then the reason you selected this number lies somewhere on my screen between the dates of say Xmas day 08 to 3/3/09. Would this be true?"'
The TIME factor has no bearing on S & R - the only thing that matters is PRICE.

Before we make a decision to trade, we need to know where S & R is relative to where PRICE is at - all I did was go back in history to where price had been before and identified those levels that it reacted to.

Despite what you may read that the markets are Random or Chaos they are actually quite organised and respond to the past. Always remember that with the markets, HISTORY repeats itself.

Michael, you are becoming the most patient man I have come across in years - to learn the basics of this, jump over to J16 and study the section on PPZ - Price Pivot Zones - feel free to PM or ask questions here.

Just one more tip - you may have too many MAs on your chart - you ONLY need four
15 YEARS OF PASR ON FOREX FACTORY!
  • #984
  • Mar 21, 2009 9:44pm Mar 21, 2009 9:44pm
Quoting FxPippy
Hi...Ok another bash after looking and studying the charts again..... my homework..as follows

First trend line has been drawn, the TL crosses through the 50 which pulls flat along with the 20. Watch and wait, the 20 then changes direction crosses the 50. At that point look at the angle formed between the 20 & 50. Match this angle with a new TL which, when you place on the chart touches the closing price on the bars.

PA and confluence on pullback took the trade to point 1 - touching the MA. If trade not closed at high point, a consideration to...
You're doing good kid, doing good
15 YEARS OF PASR ON FOREX FACTORY!
  • #985
  • Edited 11:13pm Mar 21, 2009 9:46pm | Edited 11:13pm
Quoting hansnl
So sorry if its my already reduced chart again ! been the last few days on the road with no internet.

I can't delete my chart on message 750 for some reason!!

But not using indicators whatsoever, I just put in a few arrows to show some of the resistance support points.

threat is growing exponential now! need to catch up in the weekend.

Salut A+
Hans, all those red arrows are not resistance points - have you read J16 on PPZ yet?
15 YEARS OF PASR ON FOREX FACTORY!
  • #986
  • Mar 21, 2009 9:51pm Mar 21, 2009 9:51pm
Quoting Grimweasel
Hi Strat,
Thanks for the confidence that I may be along the right lines. My historical data doesn't stretch back very far on the dailys so I will try another provider (my SB Firm) and look at theirs.

From my limited data is does look like the TLs and their corresponding angle in relation to the previous TL gives us a good momentum indicator with less lag than any RSI/MACD etc.

On the GY chart I would expect PA to challange the boss and then fall away again. The lower high gives a small clue to 'less interest' but then I'm puzzled by the hammer...
Danny boy, have you been looking at evil things again for comparison? If you are using a Fib Fan, does that mean that you have proved to yourself that it works and is effective, reliable and you would put money on it? If not, there is a place to put it.

Keep thinking and looking you're on the right track
15 YEARS OF PASR ON FOREX FACTORY!
  • #987
  • Mar 21, 2009 10:41pm Mar 21, 2009 10:41pm
Quoting el_duende
Hi Guys

Had a look at GBP/CHF, see what you think of this trade.

1st chart standard daily GBP/CHF
2nd chart is zoomed in daily but with my awful artworks

A possible short entry is my plan below the last bear candle, any comments welcome. Thanks
I wouldn't do it because you will be trading straight into support at BIG psycho 1.6000 and 1.5850.

The last two daily bars are IBs so there may be better prices later.

Remember, you DON"T have to trade - why not wait for the trade that stands out?
15 YEARS OF PASR ON FOREX FACTORY!
  • #988
  • Mar 21, 2009 11:27pm Mar 21, 2009 11:27pm
Quoting 4xWheels
First thing about me I’ll share is that Strat and I were born within a month of each other. I grew up on the beach in California. I was never quite a hippie but I sure became a surfer and remain one to this day. I've been surfing close to 50 years. There's a surprising degree of similarities with trading....
Why do I get the feeling I should start this response with "OK, smart ass"? Instead, I will ask how you know what month I was born in? There is nothing in my Profile or anywhere on FF that states that.

OK, I pictured the little stick man getting tubed. What next?
15 YEARS OF PASR ON FOREX FACTORY!
  • #989
  • Mar 21, 2009 11:55pm Mar 21, 2009 11:55pm
Quoting Trumpcard
Been lurking here past couple of days, thought I'd post a chart showing Euro. 2 weekly trendlines, one the dominant upward trend and the other showing the downtrend which began last July. Weekly price has bounced right off the 50ema below the trendline intersection. This corresponds with the long term support and resistance going back +10 years and also the 38 fib from last July's high and the 50 fib from the December high (for fib enthusiasts)

Short term pointing down.....? Monthly remains a BUOB but has a week and a half to confirm.
Hmm. I doubt you have been "lurking here" the past couple of days! You only posted on Jacko's thread 15 hours ago and then read a post 3 hours ago to TotalNewbie suggesting he visit here to learn about trends.

There are so many things wrong with what you have posted that you obviously haven't "lurked enough" on here.

This thread is building a team of quality, sensible, honest and sincere traders so when you feel qualified to join the team, feel free to start at the beginning and then we will take it from there. Thank you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #990
  • Edited 3:27am Mar 22, 2009 12:28am | Edited 3:27am
An earlier post told me that newbie traders were starting out on short time frames because of the adverts out there on Forex. Seeing if this is so, I have been reading many of the Google Forex ads and all I can say is that we desperately need some sort of regulatory body in place to protect people and their money from all the scams and sheisters out there.

It's far worse than I thought. There are those promoting forex as "Get Rich Quick", "EURUSD is EASY to trade", "How I made $129,000 scalping forex in one trade!", "My system generates $5,000 weekly", plus every other ad saying they have the best auto - trading Robot.

Then there are several ads saying Forex is 24/7, trade forex every day all week long etc.

These are all LIES - LIES -LIES and even more LIES!

Forex is NOT 24/7. Every forex trader has 2 days off from trading. Forex is only 24/5. It doesn't matter which city or country you are in. Yes, it is 24 hours when the markets are trading.

Forex CLOSES the week at 5pm EST on Fridays when the New York Exchange closes it's doors. The first market to open on Monday and start the new week is Sydney in Australia at 5pm EST (Sunday) followed by Tokyo at 7pm EST (Sunday) which gives us our "Sunday" bars.

What makes this even worse is that behind some of these ads are BROKERS who are wanting the gullible to put their account with them so that they can either eat it themselves or help you eat it.

This is so wrong!
15 YEARS OF PASR ON FOREX FACTORY!
  • #991
  • Mar 22, 2009 12:48am Mar 22, 2009 12:48am
Quoting strat
Why do I get the feeling I should start this response with "OK, smart ass"? Instead, I will ask how you know what month I was born in? There is nothing in my Profile or anywhere on FF that states that.

OK, I pictured the little stick man getting tubed. What next?

Nothing smart ass intended. I was simply responding a little to rogueforex's earlier appeal to reveal something about ourselves. The AUDUSD Weekly tube ride was all in good fun and I thought it very apropos. I was compelled to share. And unless I'm badly mistaken, and I can't say where in this thread, but it was you that revealed your birthday as June, 1948. I wish I could remember everything you write.
Wheelz
  • #992
  • Mar 22, 2009 12:58am Mar 22, 2009 12:58am
I think we are at a very important level on the pair. What do you guys think?
I also think the 1.2534 level will be interesting to watch.

Lance
  • #993
  • Mar 22, 2009 1:19am Mar 22, 2009 1:19am
My week end look at GBPUSD. Comments appreciated.

Monthly - Monthly bar bullish and is forming PB or hammer but will not be sure until next week when it closes but unless something dramatic happens, it will indicate a reversal.

Weekly - weekly bar very bullish but closed in the center of weekly PPZ. I do not see any PA signal on weekly. If anyone else does, please advise

Daily - Friday bar was bearish IB. bar very near 61 FIB, between two weekly S/R (inside weekly PPZ?), not far below BOSS 20 and a downward trend line. Also the high 4587 is not far below the 4600 psych level.

Conclusion - sit on my hands and watch Monday to see if it breaks one way or the other. Then look for PA for entry. I thought about placing a Buy Stop at about 4610 which would be above the S/R, BOSS20 and 4600 psych level, but am trying to curtail my aggressive behavior so will wait to see what happens
Attached Image (click to enlarge)
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"Money is easy to make, but hard to keep" - FWV 1975
  • #994
  • Mar 22, 2009 2:08am Mar 22, 2009 2:08am
Quoting 4xWheels
Nothing smart ass intended. I was simply responding a little to rogueforex's earlier appeal to reveal something about ourselves. The AUDUSD Weekly tube ride was all in good fun and I thought it very apropos. I was compelled to share. And unless I'm badly mistaken, and I can't say where in this thread, but it was you that revealed your birthday as June, 1948. I wish I could remember everything you write.
Wheelz
My apologies, Wheelz! On my 1st post I said "last June". Must be Old Timer's Disease kicking in! I wish I could remember everything I write!
15 YEARS OF PASR ON FOREX FACTORY!
  • #995
  • Edited 2:53am Mar 22, 2009 2:43am | Edited 2:53am
Quoting bjohn34
My week end look at GBPUSD. Comments appreciated.

Monthly - Monthly bar bullish and is forming PB or hammer but will not be sure until next week when it closes but unless something dramatic happens, it will...
Monthly - don't forget Bond! That's not a hammer to take a monthly trade off of but there again, we're not trading the monthly. The signs are there that she wants to stop this free fall as this month's candle looks to put in a double bottom. Don't forget the cargo train analogy. Many times monthlys put out IBs next to hammer type candles at the bottom.

Weekly - agree - there is bullish PA, in that the last candle took out the close of the three prior candles and made a damn good attempt at the fourth.

Daily - yes an IB - but why bearish? It is a pause and typical of profit taking. The last two candles are being rejected by Monthly and Daily resistance. I don't see anything like a 61.8% fib retrace - where are you pulling your fibs from? Don't use PPZ so cannot comment. All other comments OK. I see where you are pulling your fibs from (couldn't see chart when I was typing). That swing embraces 5 smaller swings which would put me off. I like to put fibs on the latest price action.

Conclusion: ""sit on my hands and watch Monday to see if it breaks one way or the other. Then look for PA for entry."" This is the safest and lowest risk. Now if you wanted to GAMBLE - (toss a coin)

How the next few candles form, will tell us something about this last swing. Watch and see if you see it.

Tip: Don't go looking for trades - if you have to look, you will find those that aren't there (losers). Instead, keep learning and practicing until they stand out

You're doing much better with this than some of the other stuff I have seen you write on other threads, so good job, bj.
15 YEARS OF PASR ON FOREX FACTORY!
  • #996
  • Mar 22, 2009 3:07am Mar 22, 2009 3:07am
Please don't post links to external websites on this thread without checking with me first. Links to other FF threads is OK.

Reason:
The GBPJPY chart I posted had on it that useless ADR calculator and worse still, their website. This is not only a bait & switch tactic, but they are also brokers looking for your account. Compounding that, one of our members posted the link again in his post.

I woke up in the middle of the night with this horrible feeling that I could be viewed as promoting this rubbish and felt really bad.

Thank you for your co-operation.

Lance - trust you will add this into the Index. Thanks.
15 YEARS OF PASR ON FOREX FACTORY!
  • #997
  • Mar 22, 2009 3:14am Mar 22, 2009 3:14am
Quoting strat
Monthly - don't forget Bond! That's not a hammer to take a monthly trade off of but there again, we're not trading the monthly. The signs are there that she wants to stop this free fall as this month's candle looks to put in a double bottom. Don't forget the cargo train analogy. Many times monthlys put out IBs next to hammer type candles at the bottom.
Weekly - agree - there is bullish PA, in that the last candle took out the close of the three prior candles and made a damn good attempt at the fourth.

Daily - yes...

1. Right - that monthly hammer not a trade signal for me but perhaps an indication of direction change, i.e. train on turntable maybe

2. yes an IB - but why bearish? Only because it is red, not greenI

3. You're doing much better with this than some of the other stuff I have seen you write on other threads, so good job, bj. Maybe it is starting to come together for me. I am old and sometimes takes me while. I am still struggling with the concept that the earth is not flat (or is it?).[
"Money is easy to make, but hard to keep" - FWV 1975
  • #998
  • Mar 22, 2009 3:36am Mar 22, 2009 3:36am
Quoting bjohn34
1. [i][color=Black][u][b]Right -...
Shanghai, bj. Ignore the colours for bullish/bearish determination. It is only red because it closed below the open. Everything else other than colour is more important

Oh no! You are reading too much Jacko! He thinks he's old at 52! I don't think I'm old at my age (and the girls confirm it!) and I'll give any young stud a good run for his money!

You got me! I cannot match your flat earth thinking!
15 YEARS OF PASR ON FOREX FACTORY!
  • #999
  • Mar 22, 2009 3:39am Mar 22, 2009 3:39am
What happened to Amin - he promised to do the End of Week Analysis

What happened to tgs - he promised to review someone's analysis

I tell you - it's difficult getting cheap labour around here!
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,000
  • Mar 22, 2009 3:43am Mar 22, 2009 3:43am
Lance (rogueforex) prompted me to look at USDCAD with that level he posted.

When I look through the time frames, I see a BEARISH emphasis!

Monthly is bearish

Weekly is bearish

Daily is bullish BUT is completely over ridden by the BOSS and HER BOSS!

In this case, I favour shorts
15 YEARS OF PASR ON FOREX FACTORY!
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