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Strat's Long Term Stress Free Trading

  • #4,181
  • Jul 20, 2009 12:29pm Jul 20, 2009 12:29pm
I MUST NOT CLOSE LONG POSITIONS AT SUPPORT x 1000
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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,182
  • Jul 20, 2009 12:51pm Jul 20, 2009 12:51pm
Make hay while the sun shines or rob the banks when the doors are open!
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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,183
  • Jul 20, 2009 1:12pm Jul 20, 2009 1:12pm
See my post # 4140 - I guess it couldn't go on forever (Why not, Sherlock?)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,184
  • Jul 20, 2009 1:29pm Jul 20, 2009 1:29pm
Support so strong, dolly parton would be proud of it!
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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,185
  • Jul 20, 2009 1:45pm Jul 20, 2009 1:45pm
Thanks for the clarification on the IBs Nicola and Strat, I suppose s/r comes in to play when deciding on how to act with the IBs

Thats some good trading Strat, I am in a gbpusd trade myself, entered last night after a hammer and bueb made by the sunday bar, at first take profit level right now.
  • #4,186
  • Jul 20, 2009 1:50pm Jul 20, 2009 1:50pm
Quoting Naws
Thanks for the clarification on the IBs Nicola and Strat, I suppose s/r comes in to play when deciding on how to act with the IBs

Thats some good trading Strat, I am in a gbpusd trade myself, entered last night after a hammer and bueb made by the sunday bar, at first take profit level right now.
Good lad, Naws!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,187
  • Jul 20, 2009 1:52pm Jul 20, 2009 1:52pm
Quoting strat
Support so strong, dolly parton would be proud of it!
I have found double inside bars to be good and reliable trend continuation pattern.

"Why spend 15hours looking when all you need is 2mins on EOD data?". Love the ease of that statement.

Nice to see your thinking in chart format Strat.

Z
  • #4,188
  • Jul 20, 2009 1:54pm Jul 20, 2009 1:54pm
YES, trading really is THIS SIMPLE
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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,189
  • Jul 20, 2009 2:21pm Jul 20, 2009 2:21pm
A DAILY pip is worth 6 H4 pips

A DAILY pip is worth 24 H1 pips

A DAILY pip is worth 96 M15 pips

A DAILY pip is worth 288 M5 pips

A DAILY pip is worth 1440 M1 pips

One DAILY pip takes 2 minutes of chart analysis

One DAILY pip takes 1440 minutes of M1 analysis and chart time

DAILY pip making is STRESS FREE - anything shorter is brain torture

See my post # 4122 for entries
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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,190
  • Jul 20, 2009 2:42pm Jul 20, 2009 2:42pm
I think I may have got my stop wrong on this - oh well - move on - where's the next opportunity?

See my post # 4140 for entries
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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,191
  • Jul 20, 2009 2:51pm Jul 20, 2009 2:51pm
The morale of the story is:

PATIENCE & DISCIPLINE ALWAYS, ALWAYS, ALWAYS PAYS OFF!

What else? Oh yes!

IT'S SO EASY - Buddy Holly 1958

There is no need, ABSOLUTELY NO NEED, to getting yourself worked up, stressed out and chained to the one eyed monster by going down to shorter time frames.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,192
  • Jul 20, 2009 2:52pm Jul 20, 2009 2:52pm
Nice trading Stratmeister !!
For some reason I traded like an idiot today. No more weekends off for me.
Nic
  • #4,193
  • Jul 20, 2009 2:52pm Jul 20, 2009 2:52pm
Quoting strat
Again you are confusing the bejjabers out of yourself. Forget what I am using for my S&R. First things first. Learn to trade CONSISTENTLY from support to the FIRST level of resistance. Keep doing this over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over until you know what you are doing.

THEN, learn to trade CONSISTENTLY from support to the SECOND level of resistance and keep doing this over and over and over and over and over and over and over and...
Hi Strat,
Do you actually mean that at the beginner's stage one should close the trade at support once it reaches the first resistance or one should watch the PA at the first resistance?

Attached is the chart of USDJPY - my data feed shows BEOB at resistance - a signal to go short at the low of BEOB - the pair broke to the downside and it'd mean end of upside retrace.
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  • #4,194
  • Jul 20, 2009 3:23pm Jul 20, 2009 3:23pm
Never on a Sunday - you have got to be joking!

ALWAYS ON A SUNDAY (well nearly always).
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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,195
  • Jul 20, 2009 3:54pm Jul 20, 2009 3:54pm
Quoting Berzerk
Hi Strat,
Do you actually mean that at the beginner's stage one should close the trade at support once it reaches the first resistance or one should watch the PA at the first resistance?

Attached is the chart of USDJPY - my data feed shows BEOB at resistance - a signal to go short at the low of BEOB - the pair broke to the downside and it'd mean end of upside retrace.
Let's use a REAL, LIVE example of what you, or anyone, even my one legged blind, deaf and dumb old man with asthma could have done:
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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,196
  • Jul 20, 2009 4:32pm Jul 20, 2009 4:32pm
A shooting star, a buch of resistance here, she doesn't want to close above the 20. It looks to me like she wants to go down, what do you think Strat?

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  • #4,197
  • Jul 20, 2009 4:43pm Jul 20, 2009 4:43pm
Loving the new charts Strat - looks like you are now the Jing-Master!! Must load it up and use for my trading analysis and trade diary!

Keep em coming oh Wise-one!!
Trade less and become more profitable!
  • #4,198
  • Jul 20, 2009 8:01pm Jul 20, 2009 8:01pm
Quoting Grimweasel
Loving the new charts Strat - looks like you are now the Jing-Master!! Must load it up and use for my trading analysis and trade diary!

Keep em coming oh Wise-one!!
Just MT4 charts, Danny boy!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,199
  • Jul 20, 2009 8:05pm Jul 20, 2009 8:05pm
Quoting Naws
A shooting star, a buch of resistance here, she doesn't want to close above the 20. It looks to me like she wants to go down, what do you think Strat?

Attachment
Big nasty BEOB on my data so...................
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,200
  • Jul 20, 2009 9:24pm Jul 20, 2009 9:24pm
Quoting strat
Big nasty BEOB on my data so...................
Hi strat,

thanks for this thread. I am new to this thread, so should I start to read through from post 1? thanks
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