Strat's Long Term Stress Free Trading | Page 245 | 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

  • #4,881
  • Aug 26, 2009 4:12pm Aug 26, 2009 4:12pm
Quoting alter
This is what I don't understand. I thought that support is support because everybody can see it and places trades accordingly. My support seems useless.
Don't be downhearted. There is nothing wrong with your support. You are showing support at 92.50ish which is valid support. Your static and dynamic S&R are all relative to the prices shown on your chart and are what you trade off.

We all have different data (unless we use the same broker) which evens itself out over time.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,882
  • Aug 26, 2009 4:50pm Aug 26, 2009 4:50pm
I have attatched a chart of my data and I am looking for pasr at around 93.60
Attached Image (click to enlarge)
Click to Enlarge Name: tit.gif Size: 76 KB
  • #4,883
  • Aug 26, 2009 4:55pm Aug 26, 2009 4:55pm
Quoting haircut
I have attatched a chart of my data and I am looking for pasr at around 93.60
You have drawn your DSRI incorrectly - It should be drawn from the extreme low to the left of where you started. This will show a support level similar to Alter's.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,884
  • Aug 26, 2009 5:16pm Aug 26, 2009 5:16pm
corrected chart
Attached Image (click to enlarge)
Click to Enlarge Name: tit.gif Size: 76 KB
  • #4,885
  • Aug 26, 2009 5:29pm Aug 26, 2009 5:29pm
Quoting haircut
corrected chart
Now you are accurate!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,886
  • Aug 26, 2009 5:29pm Aug 26, 2009 5:29pm
I also have the 133.80 area noted as an area of interest on the eur/jpy
Attached Image (click to enlarge)
Click to Enlarge Name: tit.gif Size: 75 KB
  • #4,887
  • Aug 26, 2009 5:36pm Aug 26, 2009 5:36pm
Quoting haircut
I also have the 133.80 area noted as an area of interest on the eur/jpy
But price is already at an area of interest. Don't forget the priority:

1) Static S&R

2) DSRI

They don't have to coincide but when they do, man that's Righteous!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,888
  • Aug 26, 2009 5:54pm Aug 26, 2009 5:54pm
Interesting support and resistance swapping over on usdyen with each leg down. Could we see this target 97.00 before falling away? PA is getting squeezed between some big levels and a huge wedge, coiling like a spring. I'd say we are still in short bias until the major boss TL is broken and retested. Or could this be a deep bull flag and test of the BO of on the boss chart of the first of Feb region?
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-08-26_2344_yen.png Size: 61 KB
Trade less and become more profitable!
  • #4,889
  • Aug 26, 2009 6:08pm Aug 26, 2009 6:08pm
Where can i find how this system works?
  • #4,890
  • Aug 26, 2009 6:19pm Aug 26, 2009 6:19pm
Quoting john225
Where can i find how this system works?
Scroll back to the top of the page

Look for the table which says 326 of 326

Move your mouse pointer to “First”

Left click on “First”

Start at the top and read and understand Post # 1 of “First”

Once read and understood, move to Post # 2 and repeat

Repeat until you get to your post

You may be disappointed as it is not a system – it is a methodology which requires WORK on your part – lots and lots of work.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,891
  • Aug 26, 2009 7:18pm Aug 26, 2009 7:18pm
[quote=blackdog;2992664]
Quoting Blackeagle
Yes, the static SR lines are placed from weekly/monthly and fine tuned on daily, so they are fixed. For majors, I am drilling down to H4 for DSRI, but watching the static SR lines, too and if there is one nearby, I am not trading against it just because the price broke a DSRI.

Hi Blackeagle
On my EUR/GBP chart if the price broke the DSRI it would be about 100pips
away from the 0.8650 line is there a set amount of pips that you wont
enter the trade if your close to the Static SR line
thanks
Please read Lotus' reply, if already not. He is correct and it all depends on the size of the candle that breaks DSRI.
  • #4,892
  • Aug 26, 2009 7:26pm Aug 26, 2009 7:26pm
When is Strat not Strat?

When he is in Beijing singing and playing rock and roll on a borrowed Ibanez to 300 Chinese!

Beijing, China August 18, 2009
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0239.jpg Size: 111 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,893
  • Aug 26, 2009 7:41pm Aug 26, 2009 7:41pm
This is what I have on UJ daily. If we see a daily close below 94, we may see another downleg to 92-92.5 and that area is crucial as penetration may lead to another test of all time lows, IMO.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY-Daily.jpg Size: 162 KB
  • #4,894
  • Aug 26, 2009 7:43pm Aug 26, 2009 7:43pm
Any guesses for where EURUSD is headed tomorrow?
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,895
  • Aug 26, 2009 8:00pm Aug 26, 2009 8:00pm
Quoting strat
Any guesses for where EURUSD is headed tomorrow?
I'd prefer to guess it my tomorrow!!!
Attached Image (click to enlarge)
Click to Enlarge Name: DOLLAR INDEX-DAILY.jpg Size: 148 KB
  • #4,896
  • Aug 26, 2009 8:56pm Aug 26, 2009 8:56pm
Looking good in Beijing, Strat.

------------------------------------------

I am seeing a hammer setup on GBP/CHF at daily and weekly SR.

On the attached chart I have a congestion area shown in red outlined. Would this be considered a strong resistance area as price rises into it from below?

I am trying to decide on a potential profit target and would hope to see price rise to at least the bottom of that area for a 1:1 RR on the trade.

I'm not expecting it to rise as far as the double top at 1.8059 because price is below all trendlines and appears to be headed downwards again.

Comments anyone?

Also, if someone would take a look at where I have drawn the SR lines on this chart and let me know if I am close to correct on most of them I would appreciate it.

Dave

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf resistance area2.gif Size: 44 KB

  • #4,897
  • Edited 9:47pm Aug 26, 2009 9:17pm | Edited 9:47pm
Quoting strat
Any guesses for where EURUSD is headed tomorrow?

LOL - I am positioned for another smack at that upper TL again.

The USDCHF chart is speaking to me again at the 50 Fibo
  • #4,898
  • Aug 26, 2009 9:23pm Aug 26, 2009 9:23pm
Quoting PistolDave


Comments anyone?
This is what I have on Daily. It needs to clear 1.75 first to start considering long. Then we'll have 1.77 and 1.80 resistances ahead that means the chart is too crowded.

Check out the static SR lines above 1.80, I don't see any until 1.95, so my strategy is to trade from short side below 1.75 and from long side above 1.80. 1.75-1.80 area is no-trade zone for me. Hope that helps.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF-Daily.jpg Size: 178 KB
  • #4,899
  • Edited 9:52pm Aug 26, 2009 9:26pm | Edited 9:52pm
Quoting Blackeagle
This is what I have on UJ daily. If we see a daily close below 94, we may see another downleg to 92-92.5 and that area is crucial as penetration may lead to another test of all time lows, IMO.

I agree that the 94 level has some merit. I will buy a close tomorrow above that level. It will represent supportive PA.

The monthly chart supports that view toward all time lows quite nicely. I believe, however, that it may prove to be a trap. As Strat says, the R/R is increasingly favorable so long as one is stopped. Those who get this correct will be happy indeed in a few months. That the statements supporting a stonger yen were made so blatantly and have had little impact is relevant to me as well.
  • #4,900
  • Aug 26, 2009 9:53pm Aug 26, 2009 9:53pm
Quoting PistolDave
Looking good in Beijing, Strat.

------------------------------------------

I am seeing a hammer setup on GBP/CHF at daily and weekly SR.

On the attached chart I have a congestion area shown in red outlined. Would this be considered a strong resistance area as price rises into it from below?

I am trying to decide on a potential profit target and would hope to see price rise to at...

See chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf_082609.png Size: 66 KB
5 traders viewing now