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Strat's Long Term Stress Free Trading

  • #4,681
  • Aug 19, 2009 11:02pm Aug 19, 2009 11:02pm
Quoting strat
“”I'm just trying to understand as much as I can as fast as I can and as thoroughly as I can.””

Why? What is the hurry? Are you leaving the planet in a couple of weeks?

As shown by your lack of understanding of BASIC PRICE REVERSAL BARS, your urgency will only empty your account faster.

[font=Arial]You obviously have not read every single post, as many times I...

I'm sorry that the amount of "bother" that you require doesn't meet your standards. Yes, I have read the entire thread, this is why I've chosen to interact, per your own invitation, with the thread's participants; to expand upon trying to understand the thread's content and learn the subject matter.

This thread is truly a diamond in the ruff. Strat, you are a worthy soul for putting this up & sharing your life-time of market wisdom with ner-do-wells such as myself.

I'll just retire to a "lurker" status until such time as I might "measure-up", but what you're offering-up is pure gold.....and I'm going to absorb as much of it as I can.

Thanks Strat
  • #4,682
  • Aug 19, 2009 11:55pm Aug 19, 2009 11:55pm
Quoting Alexandra
Very clean Strat. My eye to USDCHF supports this view. To me that market has been much easier to read. I am selling as we speak. Excuse the 4 hour inclusion...it can be seen on the daily chart as well. The boss reveals the reason behind the chop very nicely.
I have been watching this pair too and noticed we have been in a consolidation for a while. I am missing what you are reading. To me it appears that we are near the bottom of the range (nice support around 106 and change) and may bounce back up to the top. Unless of course the consolidation ends. Since we were in a downtrend previously and these are usually continuation patterns, a break to the downside may be more probable than to the up. Is that what you are seeing?

Not looking for spoon feeding here, just need the light turned on so I can see.

Thanks!
  • #4,683
  • Aug 20, 2009 12:21am Aug 20, 2009 12:21am
Quoting strat
Alter, if you are trading PASR, why do you need the MACD? What does it tell you that PASR doesn’t?

What it is doing is distracting you and stopping you from learning PASR. As long as you have an indicator on your chart you will not be focused 100% on PASR.

I have never mentioned MACD, and my question was not about MACD so I dont understand why we've changed the topic.
But if you ask, I don't use it , I can barely see at the bottom of that chart. In fact I don't use moving averages that much neither.
What I was trying to ask, was about 1.7200 area on EURAUD and why it is not good S/R zone. It looks strong on the daily and weekly charts doesn't it?
Also I was asking about USDHUF PASR, but onces again we have changed the point on why do I trade USDHUF.
Thank you
alter
  • #4,684
  • Edited 1:15am Aug 20, 2009 1:06am | Edited 1:15am
Quoting Alexandra
What's that ancient prophecy - triple tops never hold?
I never take any notice of the prophets even though they say "third time's a charm!"
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,685
  • Aug 20, 2009 1:10am Aug 20, 2009 1:10am
Tempting!!!!
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  • #4,686
  • Aug 20, 2009 1:14am Aug 20, 2009 1:14am
Quoting Alexandra
Since we are viewing your crystal ball (yes, I said it) and discussing cycles.....I do see enough coil in E/J for a 135 test shortly. Time will tell. By all my accounts that market should be at 140. The last time I saw this look, we were at 127.
Applying the Mark I eyeball tells me the BOSS is ranging and unable to make it to the 50% fib retrace so maybe a re-test of 139.22 is in the offing.

The Worker looks to be following orders nicely having already found support around 133.65ish ready for a quick run up to 138.70ish
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,687
  • Aug 20, 2009 1:20am Aug 20, 2009 1:20am
Quoting petero
I'm sorry that the amount of "bother" that you require doesn't meet your standards. Yes, I have read the entire thread, this is why I've chosen to interact, per your own invitation, with the thread's participants; to expand upon trying to understand the thread's content and learn the subject matter.

This thread is truly a diamond in the ruff. Strat, you are a worthy soul for putting this up & sharing your life-time of market wisdom with ner-do-wells such as myself.

I'll just retire to a "lurker" status until such time as I might "measure-up",...
Peter, you may have read the entire thread BUT you have NOT understood each post. Had you done so, you would KNOW that we NEVER buy off a Shooting Star and conversely NEVER sell off a hammer.

This shows that you have NOT put in the time reviewing thousands of Shooting Stars and Hammers on thousands of charts.

Everyone is encouraged to post on the thread BUT not examples of doing the opposite of my teachings
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,688
  • Aug 20, 2009 1:23am Aug 20, 2009 1:23am
Quoting One14
I have been watching this pair too and noticed we have been in a consolidation for a while. I am missing what you are reading. To me it appears that we are near the bottom of the range (nice support around 106 and change) and may bounce back up to the top. Unless of course the consolidation ends. Since we were in a downtrend previously and these are usually continuation patterns, a break to the downside may be more probable than to the up. Is that what you are seeing?

Not looking for spoon feeding here, just need the light turned on so I can see.

Thanks!...
Don't worry Corbett, you are not alone! For the life of me, I cannot figure USDCHF out and so I stay well clear of it until such time as I understand it. For me, there are far more obvious trades than messing with something that baffles me.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,689
  • Aug 20, 2009 1:46am Aug 20, 2009 1:46am
Quoting alter
I have never mentioned MACD, and my question was not about MACD so I dont understand why we've changed the topic.
But if you ask, I don't use it , I can barely see at the bottom of that chart. In fact I don't use moving averages that much neither.
What I was trying to ask, was about 1.7200 area on EURAUD and why it is not good S/R zone. It looks strong on the daily and weekly charts doesn't it?
Also I was asking about USDHUF PASR, but onces again we have changed the point on why do I trade USDHUF.
Thank you
alter
Alter, I have a “go” at everyone and anyone who posts indicators on this thread, mainly because I know they are a waste of time and space BUT, just in case someone has found a way to get meaningful information from them that is otherwise not seen in PASR.

So, if you don’t use it, why is it on your chart taking up valuable space that you could use for PASR and adding extra load on your CPU?

With regard to EURAUD, I was hoping others would answer you on this because (i) I don’t have sufficient data on this and (ii) I have deleted it from my watch list.

“”1.7200 area on EURAUD and why it is not good S/R zone. It looks strong on the daily and weekly charts doesn't it?””

Anyway, looking at the BOSS, the 1.7200 support was broken during week ending July 31. This week’s candle is currently testing it as RESISTANCE. You should be watching to see what happens around psycho 1.6900

The Worker, as expected, is following the BOSS’s orders.

“”Also I was asking about USDHUF PASR, but once again we have changed the point on why do I trade USDHUF.””

I will NEVER give advice on exotic pairs for the simple reason that people on this thread should not be looking at anything other than the major and minor pairs. Furthermore, unless you a have a six figure trading account and are highly successful with the midas touch, I wouldn’t recommend even looking at such pairs.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,690
  • Aug 20, 2009 2:09am Aug 20, 2009 2:09am
Quoting CrudeCraig
Tempting!!!!
Craig, your analysis and decision making is good except it is a Bond hammer. However, let’s just take it a step further.

What does the BOSS tell you? We are half way through the week, but what was the prior candle? What is the PA there? What is the trend?

Now knowing what the BOSS tells us, look again at the Worker. Are we at a “pause” in the immediate downtrend or have we found sufficient support to resume the prior uptrend? The candle prior to the Bond hammer on my data is a doji which tells me the sellers have gone for a coffee break.

Some sellers came back and drove prices down to the level where some buyers were resting who overcame the sellers and took price higher where they met more sellers thus creating the Bond hammer. So we have, with the Bond hammer, tested both support and resistance in one fell swoop. What information does this tell you and how would you react to it?
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,691
  • Aug 20, 2009 3:17am Aug 20, 2009 3:17am
Quoting strat
“”I know this is not a perfect setup”” ...
Strat,

Thanks for your comment. I did not mean to say you are arguing, I was only trying to show what I think I saw on the chart.

I am also still not done with reading the whole thread, I am at page 122ish I think. Your method is similar to mine but yours deep into some areas that I usually overlook and I am willing to learn those stuff from you.

I have sent a message to Naws to be added to the 'Path of Learning' but still have not heard from him. How else can one join?

Thanks
  • #4,692
  • Aug 20, 2009 3:31am Aug 20, 2009 3:31am
Quoting femfam
Strat,

Thanks for your comment. I did not mean to say you are arguing, I was only trying to show what I think I saw on the chart.

I am also still not done with reading the whole thread, I am at page 122ish I think. Your method is similar to mine but yours deep into some areas that I usually overlook and I am willing to learn those stuff from you.

I have sent a message to Naws to be added to the 'Path of Learning' but still have not heard from him. How else can one join?

Thanks
Just hang in there - I think Naws is still waiting information from Lance - if he has your information then you're "in".
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,693
  • Aug 20, 2009 3:40am Aug 20, 2009 3:40am
Quoting CrudeCraig
Tempting!!!!
Craig - after my readings and knowing how much emphasis there is on TLs I can see that you have the major up TL missing from your chart.

Flick to a line chart and join up all the lows on your chart and extend it thru to the top of the chart.

Now see where that bond hammer sits - directly under that rising TL. Now this could be a test of the BO of that TL, so I would not long that pair unless I had convincing PA that told me it was back on trend - ie a Break above and then a test of that break.

PA is squeezed between that rising TL and your major SR level at 85.

Draw a micro-trend line from the highs down thru that 2 leg move down.

Also have a look at that last peak. Looks like an expanding triangle to me and the BO of that pattern? At the top of a move this would be considered bearish too.

It could however be a test of the SR BO of the 85 level from 21 Jul.

CADJPN is also hugely linked to the indices as CAD is a currency that performs well as long as the economy is firing on all cylinders. See if you can plot this pair relative to the S&P 500 and see if there is a matching correlation - I suspect there will be? (At work so no charts)

I'm guessing that it's also linked to the carry trade as yen is cheap to borrow and CAD has higher interest rates - but as soon as things turn sour again there is the potential for everyone to pay off their yen borrowings and the yen to strengthen?? And I am, from a funnymentals point of view, still very weary of this indices rally - I'm convinced we'll see a bad autumn like other black Octobers before it - the markets have memory!

So, rambling complete - not enough there for me to long (as you said too) but they do say trends go on for a lot longer than people think - the up trend line here and how PASR develops around that will be the key thing to watch on this pair I think!
Trade less and become more profitable!
  • #4,694
  • Aug 20, 2009 5:49pm Aug 20, 2009 5:49pm
Those with ears, please let them hear; Those with eyes, please let them see. Must be from some song I know!
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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,695
  • Aug 20, 2009 6:53pm Aug 20, 2009 6:53pm
Hanging on by the skin of its teeth!
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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,696
  • Aug 20, 2009 6:59pm Aug 20, 2009 6:59pm
Every picture tells a story
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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,697
  • Aug 20, 2009 7:07pm Aug 20, 2009 7:07pm
Falling over or taking a rest?
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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,698
  • Aug 20, 2009 7:20pm Aug 20, 2009 7:20pm
Coil time, Alexandra?
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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,699
  • Aug 20, 2009 7:28pm Aug 20, 2009 7:28pm
Quoting strat
Those with ears, please let them hear; Those with eyes, please let them see. Must be from some song I know!
Strat's DSI. Sounds like we (and when I say we I mean you) can market this indicator and charge a few bucks. More $$$ to fund your PASR account. Does it come in different colors?
  • #4,700
  • Aug 20, 2009 7:29pm Aug 20, 2009 7:29pm
When all else fails, ask the BIG BOSS
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15 YEARS OF PASR ON FOREX FACTORY!
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