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Strat's Long Term Stress Free Trading

  • #4,401
  • Aug 3, 2009 8:04pm Aug 3, 2009 8:04pm
Quoting Razor_trader
Nice start, price stalled at the levels I had aimed for and got me out (all but cable which missed my profit target by 2 pips, I exitted manually this morning for close to 130 pips, whos complaining)

I am now eyeing some levels for pullback and will take a trade if I get the signal I want (preferably a nice fat hammer, perhaps followed by an IB). Traded my plan, and took some profit for once.

Take care

BTW Strat, I know trading can be solitary, but you do yourself little justice posting things like

"[font=Arial]Suddenly I start sweating...
Swagman, what the hell is a "stray" jacket? Is it something that Brian Setzer of Stray Cats wears?
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,402
  • Aug 3, 2009 8:40pm Aug 3, 2009 8:40pm
Quoting Razor_trader
I am now eyeing some levels for pullback and will take a trade if I get the signal I want (preferably a nice fat hammer, perhaps followed by an IB).

I don't think you are going to see that, nice as it sounds. Always good to take some off the table, but one has to look at the context.

You might get at shot at a quick E/USD 1.43 re-test, but I would be surprised if things lingered. It's either a bull trap or a true balloon ride.
  • #4,403
  • Aug 3, 2009 8:42pm Aug 3, 2009 8:42pm
Quoting strat
Swagman, what the hell is a "stray" jacket? Is it something that Brian Setzer of Stray Cats wears?
The arm linked jackets that mental patients wear when they are in the 'cuckoo' house. Pic below. Ive asked the tailor to stitch in 'Strat' on the back with some battery operated neon like lights.
Attached Image (click to enlarge)
Click to Enlarge Name: straight20jacket20cotton20webbin-1.gif Size: 573 KB
  • #4,404
  • Aug 3, 2009 8:48pm Aug 3, 2009 8:48pm
That's what one wears when the market breaks out of consolidation.
  • #4,405
  • Aug 3, 2009 9:58pm Aug 3, 2009 9:58pm
Quoting strat
Welcome back from your hols, Blackeagle! maybe now the markets will start moving.
Thanks Strat, we'll see if there is a correlation between my hols and markets.
Will be glad to continue to contribute.
  • #4,406
  • Aug 3, 2009 10:15pm Aug 3, 2009 10:15pm
Quoting strat


Line charts are invaluable for highlighting S&R and from there using them on break out strategies such as 123. However, there is no substitute for PASR.

Agree, I use line charts mostly to highlight (or fine tune) my S&R levels.
  • #4,407
  • Aug 3, 2009 10:25pm Aug 3, 2009 10:25pm
Quoting Razor_trader
The arm linked jackets that mental patients wear when they are in the 'cuckoo' house. Pic below. Ive asked the tailor to stitch in 'Strat' on the back with some battery operated neon like lights.
Ah, a "straight" jacket - the thing the trouble and strife makes me wear when there are young, beautiful and voluptuous girls around!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,408
  • Aug 3, 2009 10:30pm Aug 3, 2009 10:30pm
I always thought they were call a stray jacket, ah well you learn a new thing everyday ha ha.
  • #4,409
  • Aug 3, 2009 10:54pm Aug 3, 2009 10:54pm
Quoting strat
Ah, a "straight" jacket - the thing the trouble and strife makes me wear when there are young, beautiful and voluptuous girls around!
Sounds like you have those lower time frame emotions on the lower "young" time frame women too.

Are you under the influence of pizza boy Baba G (more and more Lower TF trades)? It appears he doesn't even have time to post anymore. Use the force Strat..use the force.
  • #4,410
  • Aug 4, 2009 6:19am Aug 4, 2009 6:19am
I know Nicola pointed this out a few days ago but we have a broadening top (BT) on the indices and audusd. Now the Aussie has broken out of the BT TL but I'll be watching this closely on the Boss chart as we are at the 61% Fib from boss H-L and the last lower high of that down move is at 0.8514. BTs can be either reversals or continuation patterns I've read and they are difficult to trade. Aussie trend is clearly up, above all the MAs but I'm watching this closely as I know many valuation models have the aussie as above fair value (26% in some reports).

Interestingly I have my DJI line chart attached with a similar pattern and note the irregular but falling volume (that accompany these patterns). The BT's (or bottoms) usually have 5 points or hits of the megaphone - we are on hit 5 now on the DJI and in the region of the 50% fib from boss H-L too. At around 9300 we have the first lower high of the down move - This could offer big resistance and I guess if this goes we'd be back in bull market territory?

We can't predict the future so I guess I'm just keeping an eye on things as we are very near some key levels. We could see a BO but then again this BT could deliver a new low back down to the lower TL at 7920ish. Depending on how the retail figures etc pan out over the autumn we could even see a new lower 'V' forming a big-ass W pattern? Who knows?

All we can do is trade the trend on the boss chart and look for our technical entries on the worker.
Attached Image (click to enlarge)
Click to Enlarge Name: dji aug.gif Size: 20 KB
Trade less and become more profitable!
  • #4,411
  • Aug 4, 2009 7:12am Aug 4, 2009 7:12am
Couldn't help but post this chart - how anyone see's anything in what must be one of the most complex charts I've ever seen is beyond me. I've been doing some scouting about on other threads today and I'm amazed at the weird and wonderful systems out there with crossing lines and waves and all manner of stuff to confuse the hell out of anyone??

The key thing is that when you look at the charts you will, more often that not, see a perfect PA set-up? Why don't people just learn PASR? Is it because people think it's harder or do they just not believe in simplicity?

http://www.forexfactory.com/t/16691/...ysis-1004.html
Trade less and become more profitable!
  • #4,412
  • Aug 4, 2009 7:32am Aug 4, 2009 7:32am
Quoting Grimweasel
Couldn't help but post this chart - how anyone see's anything in what must be one of the most complex charts I've ever seen is beyond me. I've been doing some scouting about on other threads today and I'm amazed at the weird and wonderful systems out there with crossing lines and waves and all manner of stuff to confuse the hell out of anyone??

The key thing is that when you look at the charts you will, more often that not, see a perfect PA set-up? Why don't people just learn PASR? Is it because people think it's harder or do they just not believe...
this is the reson you have People selling forex courses,BECAUSE they "HAVE A SECRET".......
and the poor trader buys into it,and also he thinks the more i analyse the more i have an Edge,and the more indicators the better....and on and on it goes,untill he forgets what the hell he is supposed to be doing..
I could not even see the price on that posted chart....

baz
  • #4,413
  • Aug 4, 2009 7:52am Aug 4, 2009 7:52am
here are some more funky charts: http://www.forexfactory.com/t/185027...rks-art-1.html

  • #4,414
  • Aug 4, 2009 8:00am Aug 4, 2009 8:00am
Those charts are great, Porkpie.
Reminds me, vaguely, of my view of the world back in the 1960's-70's.
How one uses to trade for profit escapes me, but they sure are pretty.
  • #4,415
  • Aug 4, 2009 8:08am Aug 4, 2009 8:08am
Quoting Porkpie
here are some more funky charts: http://www.forexfactory.com/t/185027...rks-art-1.html

OMG!!! I thought I was bad with 4 indicators in the bottom of my charts when I started out back in 2006!!!
Trade less and become more profitable!
  • #4,416
  • Aug 4, 2009 11:52am Aug 4, 2009 11:52am
Quoting Grimweasel
Couldn't help but post this chart - how anyone see's anything in what must be one of the most complex charts I've ever seen is beyond me. I've been doing some scouting about on other threads today and I'm amazed at the weird and wonderful systems out there with crossing lines and waves and all manner of stuff to confuse the hell out of anyone??

The key thing is that when you look at the charts you will, more often that not, see a perfect PA set-up? Why don't people just learn PASR? Is it because people think it's harder or do they just not believe...
Hey, don't knock these guys! We need someone to take the other side of our winning trades!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,417
  • Aug 4, 2009 12:06pm Aug 4, 2009 12:06pm
Quoting One14
Sounds like you have those lower time frame emotions on the lower "young" time frame women too.

Are you under the influence of pizza boy Baba G (more and more Lower TF trades)? It appears he doesn't even have time to post anymore. Use the force Strat..use the force.
Last time I spoke with him, he was looking for more balls
Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,418
  • Edited 6:20pm Aug 4, 2009 3:37pm | Edited 6:20pm
I know we were looking for building support at 1.0780 but price has broken it. Half an hour to go until NY close and price has tested the s/r forming an IB. I think this will be a good place to go short

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad aug 4.gif Size: 45 KB
  • #4,419
  • Aug 4, 2009 4:23pm Aug 4, 2009 4:23pm
Quoting Grimweasel
Couldn't help but post this chart - how anyone see's anything in what must be one of the most complex charts I've ever seen is beyond me. I've been doing some scouting about on other threads today and I'm amazed at the weird and wonderful systems out there with crossing lines and waves and all manner of stuff to confuse the hell out of anyone??

The key thing is that when you look at the charts you will, more often that not, see a perfect PA set-up? Why don't people just learn PASR? Is it because people think it's harder or do they just not believe...
Hi Grim

Thanks for the light relief... so is it all to do with the way a prism splits light out? Magenta & Yellow seem to be the trigger; I'll change my bull candles to Yellow and bear to Magenta & then everything will be revealed!

take care & keep educating us about trading with the trend no matter what the BBC are broadcasting

Strat - brilliant how your 15m trades work out well, despite the 'stress' of nursing them, along with the traders companions of fear; despair, hope, conviction & terror, before breakfast. I think it demonstrates that if you really learn how PA at SR usually work, you still have some degree of confidence, even on the faster moving timeframes. I'd like bG to let us know how he's getting on 'in the fast lane', as that would make an interesting comparison to your phenomenal 100% record on the 15m!

best
Paul
  • #4,420
  • Aug 5, 2009 12:26am Aug 5, 2009 12:26am
Aud/Chf

Todays daily candle closed as the third IB @ major S/R level of .9000.

61.8 Fib from the big move south, weekly 200ema @ .9050 and a monthly hanging man off of the .9000 level.

Eur/Aud

Looks to be bottoming out here at the 1.7100 level, Price is up against the weekly 365. looking for a bueb to go long from here.

Eur/Chf

Passed up putting in a sell stop below the weekly SS on sunday but the daily has now just closed as a SS, Seems like a no brainer to me to go short now on the break of the daily SS for a better entry. Or should we wait for the break of the weekly to play it safe?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audchf080409.gif Size: 17 KB
Click to Enlarge Name: euraud080409.gif Size: 17 KB
Click to Enlarge Name: eurchf080409.gif Size: 18 KB
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