Strat's Long Term Stress Free Trading

I'm still waiting to hear from Rogue

Thanks for that btw!

All apologies, they are complete but on an office computer, they will be emailed 8am PST. Sorry for the delay...

Don't even worry about it! You go above and beyond all expectations as it is, and you never seen any of us face to face. That says a lot about your character and values.

When trading is totally 100%.....BORING,like watching paint dry!

didnt fill my tickets i said on sat,well it was just a little exciting.
And i would have vetoed any way for a small loss.....see boring is good.

nice pin...

As no one cared for the "nice cuppa tea" award...its a roll over!!!!wow

Now its a "nice cuppa tea and a slice of toast" award.......come on whats wrong with you everyone loves that.

The question is :

What did i do around that pin?

p.s I still got the same plan from sat.....

(me thinks you are after a bronze pick!)...
Hi Strat
Yep, you're spot on... ...?...Nicole

I have declined to short using this pin. Here are my reasons. I have gone long at 80.55

80.5 for me was a stong resistance area and this has now been broken to the upside. I wanting to see if this 80.5 becomes support.

Daily trend has been steadily going up.

Trendline has a small angle of climb, trendlines with smaller angles of climb perform well and often mean price will move higher.

Breakout on triangle pattern on daily chart

Weekly chart price has been rising for since end of Jan

PS Im in work at the moment so cant supply a chart

Hi Baba G

Ok here goes:-

I read this daily chart as waiting for a retrace of price to the area around 50% or 61.8% fib which will also have confluence with the daily 20. Fib drawn from previous SL. Looking for PA directional bar north in this area will support a retest of psycho level 82.00 and thereafter next levels I have drawn are 83.50. The level 85.00 which also corresponds to Fib extension level 161.8%.

Weekend roundup for me was:-
Cad Jpy
Tested previous support of 82.00 (last in this area Oct 08). Boss has been in a tight spiral and last week price broke to the upside & closed above Boss 20.

Daily chart - strong uptrend 20 & 50 holding, there have been breakouts and pullbacks to the 20 MA area.

Is this OK? Nicole

Well you both told me what you would do or are planning to do but the quest is what did i do.......

il give you a clue.......i didnt lose and my trade was open for 1 hour.......can you guess how and why?

To make it more interesting the winner gets a nice bikky to dunk along with the amazing tea and toast mmmmmmm

Was it on Daily or 4H G?

you know i only play dailys dude.......

Are you mad?
Just a word of advice. Baba don't give a hoot about trend lines, triangles or trading against a reasonable daily pin.
Baba and I are having a nice cup of tea AND toast having taken everything that pin had to offer from a daily and intraday perspective and giving nothing back.
I would advise that you figure out the standard PASR stuff that he is using rather than speculative gambling. I am not trying to be mean but focus on price action over any thing and you may survive.
The bottom line is that your long is definately not strees free and that is what we are about as I understand it on this thread.
We are here to help each other find this grail.
Realise that your mind is only capable of defining what is not the case . Finding stress free set ups and a way to manage them in the same manner is a process of decuction not addition. When you think a level is strong SR then you have a problem. Let the chart tell you. In this case the 80 level is strong but relative to the price action it is only of concern while we are short on the daily.
I trust you at least are running a weekly stop? Right? based on the BUOB hopefully. With position size accordingly? Fingers crossed.
Your first statement was halfway there, declining to not short the pin was a stress free option but going long......must resist the voices.......remove the twitch to double up/all or nothing vibe. if it aint this must be that.....
Normal enough in the face of the inevitable certainty of our mortality and eternity beyond but not a good recipe for success when applied to the most volatile market in the world. So stop it and be deductive in your analysis.

Love
Omcorp.

p.s. there was a question about account size a while back.......10k to make a living?
Look keep trading until you are 100% confident you know what you are doing. Then go live with whatever you got under strict and low leveraged MM. Remove all ideas of trading it for aliving and I mean ALL. In the meanwhile take your confidence and raise the large sum you will need to be able to trade stressfree for a living (bear in mind this business is hard enough with money you can afford to lose, the added pressure from needing to make a living makes the whole job almost impossible and certainly not sustainable) . It must be large enough that a small % of your normal % winnings covers your living easily. Yup afraid so, it really needs to be about 250k for the average Joe.

It was the biikky that got you playing wasnt it.....

anyone like soulfull funky house music.....nice set on UNKNOWN FM.net right now? Come on lurkers post if you love the house that jack built.

Price action and house music all life long....;..

The quiz closes at bar close then i will never talk of it again..........g

Baba, are you refering to the DBHLC the break of the IB4 or the pin?

Baba g - you've tempted me.

About a week ago the title to the thread caught my eye and I started reading the thread and wanted to finish before posting.

Here goes - looking at the last bar on the right in the blue box:

enter long at 79.500 and exit at EOD close at around 80.300.

Looks like there is some confluence suppport at the 23.6 fib line as well as a S/R zone, price failed to break that zone so you exited as it returned to your entry?

OOOooo its heating up.........

For lance:"around the pin" i cant go any closer or i will give it away......

Hapasasa....the trade your looking at is a ticket i had weeks ago,but took off for news day cra8....more recent....

Naws all parts of my plan including exit are determind before i trade........


SO.....What did i actually DO.....


p.s.if i had more balls i could have longed of my target it seems.......


Its all fair price action....good system....no freestyling.....apart of a plan from sat....come on........this is fun i can feel your brains churnning over and over.......fun..........g

Did you just enter short off the bottom with a TP at the next lower support? (Previous swing high) Price went down and hit the level, you got your profits, trade executed all according to plan in one hour? A pure 50 pip profit or so.