Strat's Long Term Stress Free Trading | Page 199 | 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

  • #3,961
  • Jun 29, 2009 2:15pm Jun 29, 2009 2:15pm
Quoting Surfer
Indeed. Even Bond had some integrity.

Naws while you incorrectly labelled the bar, it looks to be a good entry if this is in your plan.

86 has been tested twice - see the two upper wicks. The highest was 85.98. This confirms this level as resistance (which was earlier support). It is a double inside bar (DIBS) setup.

I would place my stop above 86 - say 86.15. The trend is clearly down so this has a better than even chance of working out IMO.
What is your first target?

Surfer
Peter Crown's DIBS is Daily Inside Bar
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,962
  • Jun 29, 2009 2:59pm Jun 29, 2009 2:59pm
Quoting strat
Peter Crown's DIBS is Daily Inside Bar
Yes you are right. I had a look at that system a while back but once again it involved watching the one-eyed monster every hour for 10 hours a day so I discarded it.
  • #3,963
  • Jun 29, 2009 3:07pm Jun 29, 2009 3:07pm
Quoting Surfer
Yes you are right. I had a look at that system a while back but once again it involved watching the one-eyed monster every hour for 10 hours a day so I discarded it.
I'm not always right. Once I thought I was wrong but I was only mistaken!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,964
  • Jun 29, 2009 3:22pm Jun 29, 2009 3:22pm
Quoting strat
Not a shooting star or even a Bond shooting star, Naws, plus you have sold directly into psycho support at 0.8500 but, the trend is down.

Also note: A true, qualified Shooting Star can NEVER be an IB! Think about it!
I actually made my entry 10 pips below the support but price went down far enough to trigger it.

That makes sense that a shooting star cant be an IB, to be a good shooting star it has to make a HH as buyers drive the price up
  • #3,965
  • Jun 29, 2009 3:26pm Jun 29, 2009 3:26pm
Quoting Surfer
Indeed. Even Bond had some integrity.

Naws while you incorrectly labelled the bar, it looks to be a good entry if this is in your plan.

86 has been tested twice - see the two upper wicks. The highest was 85.98. This confirms this level as resistance (which was earlier support). It is a double inside bar (DIBS) setup.

I would place my stop above 86 - say 86.15. The trend is clearly down so this has a better than even chance of working out IMO.
What is your first target?

Surfer
My first target is the 0.8400 support, that will be a little more than 1:1 for my r/r ratio, after that I will see how price reacts to the small hurdle at 0.8330, if it breaks that its clear until around 0.8200
  • #3,966
  • Jun 29, 2009 3:33pm Jun 29, 2009 3:33pm
Are you in any 'stress free' trades at the moment Strat?
  • #3,967
  • Jun 29, 2009 3:35pm Jun 29, 2009 3:35pm
Quoting Surfer
Are you in any 'stress free' trades at the moment Strat?
Yes and they are all stress free.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,968
  • Jun 29, 2009 4:36pm Jun 29, 2009 4:36pm
Quoting strat
Yes and they are all stress free.
Care to share any of them for learning purposes?
  • #3,969
  • Jun 29, 2009 4:37pm Jun 29, 2009 4:37pm
Well, EURUSD is back at 61.8% retrace and resistance for the 8th time. Very strange how London hardly participated today. Why weren't they trading it? What are they waiting for? Is there a big move ahead? If so, which way?

All the analysts are calling it down yet all my Momentums and trends are up.

Not to worry, we will go with the flow, bro!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,970
  • Jun 29, 2009 4:42pm Jun 29, 2009 4:42pm
Quoting Surfer
Care to share any of them for learning purposes?
They will only confuse you because they were taken on my Momentum Cycles and cycles and not PASR. You are doing fine learning PASR, so just stick with it, grasshopper.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,971
  • Jun 29, 2009 5:10pm Jun 29, 2009 5:10pm
Quoting strat
They will only confuse you because they were taken on my Momentum Cycles and cycles and not PASR. You are doing fine learning PASR, so just stick with it, grasshopper.
Ah OK Master Po - back to walking on rice paper.
  • #3,972
  • Jun 29, 2009 5:32pm Jun 29, 2009 5:32pm
Every daily chart looks the same: chop, chop, choppity, chop, chop, chop . . . most pairs boasting a sideways up phase with price above the 20 EMA . . .

Playing the waiting game . . .
"Don't trade to trade . . . trade to win." - James16
  • #3,973
  • Jun 29, 2009 6:26pm Jun 29, 2009 6:26pm
Quoting Flem26
Every daily chart looks the same: chop, chop, choppity, chop, chop, chop . . . most pairs boasting a sideways up phase with price above the 20 EMA . . .

Playing the waiting game . . .
Hi Flem

What about these pairs?

USDCAD
GPBCHF
EURAUD
GPBCAD ! - if that one is not moving, nothing ever will
AUDCAD

I am not in any of those but they are moving.

CAD looking very weak.

The Kiwi has busted 64.5 so now looking for 66.

Surfer
  • #3,974
  • Jun 29, 2009 6:56pm Jun 29, 2009 6:56pm
Quoting Surfer
Hi Flem

What about these pairs?

USDCAD
GPBCHF
EURAUD
GPBCAD ! - if that one is not moving, nothing ever will
AUDCAD

I am not in any of those but they are moving.

CAD looking very weak.

The Kiwi has busted 64.5 so now looking for 66.

Surfer
USDCAD - a bit choppy still
GPBCHF - all the swiss pairs wreak of chop
EURAUD - trending for sure, but not real familiar with this pair
GPBCAD ! - trending really well haven't watched this pair in a long time
AUDCAD - trending as well, but don't really follow that pair.

I stick with the majors for the most part: cable, euro, and dollar yen. Looking forward to all this chop getting resolved. Even crude oil is choppy!
"Don't trade to trade . . . trade to win." - James16
  • #3,975
  • Jun 29, 2009 8:07pm Jun 29, 2009 8:07pm
Quoting Flem26
USDCAD - a bit choppy still
GPBCHF - all the swiss pairs wreak of chop
EURAUD - trending for sure, but not real familiar with this pair
GPBCAD ! - trending really well haven't watched this pair in a long time
AUDCAD - trending as well, but don't really follow that pair.

I stick with the majors for the most part: cable, euro, and dollar yen. Looking forward to all this chop getting resolved. Even crude oil is choppy!
If the dailies appear choppy, perhaps viewing the weeklies will give some clarity and allow the appropriate choice at either side of the chop. Since you like the majors, EURUSD and USDCHF are prime examples. I will admit that USDJPY is acting awfully cable-like these days, though the crosses are revealing there.
  • #3,976
  • Jun 29, 2009 8:18pm Jun 29, 2009 8:18pm
Hi

Ive got 2 trades open at the moment

1st one is USDCAD where I have gone long (see attachments)
Attached Image (click to enlarge)
Click to Enlarge Name: 2 usdcad 290609 long.gif Size: 19 KB
Attached File(s)
File Type: xls 2 Trade Plan 290609.xls   23 KB | 542 downloads
  • #3,977
  • Jun 29, 2009 8:20pm Jun 29, 2009 8:20pm
2nd trade I have done today which is EURJPY. Gone long of bullish englufing bar. I missed an earlier entry on this last week.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 eurjpy 300609 long.gif Size: 21 KB
Attached File(s)
File Type: xls 1 TRADE PLAN EURJPY 300609.xls   23 KB | 626 downloads
  • #3,978
  • Edited Jun 30, 2009 5:04pm Jun 29, 2009 10:57pm | Edited Jun 30, 2009 5:04pm
Been looking at this one tonight,

Price has broken resistance at the 1.4000 level and confirmed this with todays candle which went searching for sellers down to 1.3980 where we had confluence with major S/R the 20 and the TL.

Earlier this month the 365 also held as support. when we head up to the weekley chart we can see where price went searching for sellers three times this month but were all haulted at the 100EMA.

The cons i see to this trade is the monthly Doji being formed and we are at a 50% retrace of the big move down. Other than that everything seems to be looking up. RR is about 1.5 so its a better trade than a couple others i see giving us a similar sign.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd062909.gif Size: 24 KB
  • #3,979
  • Jun 30, 2009 4:51am Jun 30, 2009 4:51am
Quoting el_duende
Hi

Ive got 2 trades open at the moment

1st one is USDCAD where I have gone long (see attachments)
Hi

For me there are a few reasons not to take this trade.

1. No price action - you have a narrow range doji there - not even close to a hammer.
2. Daily is going sideways
3. Price is right up against a down sloping trendline.
4. I don't believe price has cleared resistance yet.

Price has been stepping higher so it may work out OK.
  • #3,980
  • Jun 30, 2009 1:31pm Jun 30, 2009 1:31pm
For those with the Facebook addiction, Sidney just updated The Forex Factory Blog (http://blog.forexfactory.com) with a post titled "Forex Factory on Facebook."
15 YEARS OF PASR ON FOREX FACTORY!
38 traders viewing now