Strat's Long Term Stress Free Trading | Page 255 | 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

  • #5,081
  • Sep 2, 2009 4:50pm Sep 2, 2009 4:50pm
Well shiver me timbers, Jim lad, what do we have here?

Splice the mainbrace, Cap'n, its confluence of DSRI, S&R and the Italian Ice Cream man.

Well where is this purty girl going to next, I wonder?
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy worker.gif Size: 26 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,082
  • Sep 2, 2009 5:09pm Sep 2, 2009 5:09pm
An IB after a BEEB testing the DSRI after 14 touches at the top

What to do? Ask the BOSS!

BOSS says 5 touches at the top and DSRI

Anyone for a short?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd worker.gif Size: 21 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,083
  • Edited 5:38pm Sep 2, 2009 5:22pm | Edited 5:38pm
Quoting strat
I don't see the resemblance but I agree with the sentiment

The failed ascending triangle made me a few Loonies during the spring - take another look! I am mixed on both the EURUSD and AUDUSD positions at the moment. Will be looking a bit harder at those charts. Two failed large triangles in one year may be a bit much to ask. I'm not convinced yet on a need to short EURUSD, although a reasonable R/R above 1.44 may be palatable.
  • #5,084
  • Sep 2, 2009 5:27pm Sep 2, 2009 5:27pm
She closed above major resistance (but maybe you've got your level wrong, Strat), but stalled at minor resistance and the Italian Ice Cream man, or is it the threat of DSRI looming overhead?

What does the BOSS say? He told the Worker what to do, that's what he said.
Attached Image (click to enlarge)
Click to Enlarge Name: eorcad worker.gif Size: 27 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,085
  • Sep 2, 2009 5:56pm Sep 2, 2009 5:56pm
Well, here we are at support. Will she or won't she?

Does the "old" DSRI from 6/12 and 7/2 have any say in it?

There is a level identified on that chart which will come into play in about 1 month's time.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy worker.gif Size: 27 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,086
  • Sep 2, 2009 6:10pm Sep 2, 2009 6:10pm
Let's see,

6 tests of support

At critical Italian Ice Cream man levels

Is this support or just a rest before the next move down?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf worker.gif Size: 21 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,087
  • Edited 7:05pm Sep 2, 2009 6:51pm | Edited 7:05pm
Curse me, but I am still in the long camp - AUDJPY I am in agreement Strat.

We saved someone some Aussie dollars last night it seems. It still concerns me that there have been 7 straight monthly up closes, but is that really suprising given the economic fundamentals?

Not a EURUSD seller yet - still holding long - I have the luxury of waiting for a close under 41 to reverse though....think we should test that upper zone again...too much rejection of lower levels on your Boss the last 4-5 weeks.
  • #5,088
  • Sep 2, 2009 7:08pm Sep 2, 2009 7:08pm
Hi Alexandra,

Are you still in the short camp for USDCHF?

Looks like a falling wedge pattern (reversal).
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-daily-09-02-2009.gif Size: 22 KB
  • #5,089
  • Edited 7:54pm Sep 2, 2009 7:44pm | Edited 7:54pm
I almost bought some today to hedge my longstanding Euro longs, but, honestly, I need to see a bit more before I buy that one outright. Call it a wedge or a triangle, it is still clinging to weekly support. I have to call the monthly still bearish, the weekly a bit confused, and the daily tentatively bullish. There is probably more risk to sellers in here than buyers, if appropriate management is used. That pair has been giving me nice cues for the EURUSD so far. I have been aided by this tendancy in past years as well.
  • #5,090
  • Sep 2, 2009 10:08pm Sep 2, 2009 10:08pm
Quoting One14
Hi Alexandra,

Are you still in the short camp for USDCHF?

Looks like a falling wedge pattern (reversal).
More than anything, I want to see an injection of life into the pair of them!

I don't care which way they go as long as they get off their big fat ass (which is spreading wider as the weeks and months go by) and GO!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,091
  • Sep 3, 2009 3:39am Sep 3, 2009 3:39am
Tomorrow is a FULL MOON ...
Oh no thats not it (well it is a full moon) ... tomorrow is N F P !! You have been warned.
In addition its a holiday weekend in the US (Monday is Labour Day).
It would not surprise me if we went sideways into NFP and then the usual strange short term holiday reversal patterns.

Good trading ...
  • #5,092
  • Sep 3, 2009 11:49am Sep 3, 2009 11:49am
Think I may step into USDCHF at this point.
  • #5,093
  • Sep 3, 2009 9:00pm Sep 3, 2009 9:00pm
AUDJPY seems anxious to run after a retest - what is that saying?
  • #5,094
  • Edited 10:15pm Sep 3, 2009 9:32pm | Edited 10:15pm
Quoting strat
Let's see,

6 tests of support

At critical Italian Ice Cream man levels

Is this support or just a rest before the next move down?
I'm a newbie trader so take this with a grain of salt...

The GBPCHF Daily is below both the yearly and monthly pivot points. It looks like it is finding support @ around 1.7183 and resistances @ 1.7360. If it breaks out over the resistance is may very well go to the monthly pivot point 1.7496, which is also around fib 38.2.

What do ya'll think?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf-daily.gif Size: 25 KB
  • #5,095
  • Sep 3, 2009 10:56pm Sep 3, 2009 10:56pm
Quoting jerzhere
I'm a newbie trader so take this with a grain of salt...

The GBPCHF Daily is below both the yearly and monthly pivot points. It looks like it is finding support @ around 1.7183 and resistances @ 1.7360. If it breaks out over the resistance is may very well go to the monthly pivot point 1.7496, which is also around fib 38.2.

What do ya'll think?
I don't think, I know, from experience, PRICE doesn't give a rat's ass about daily, weekly or monthly pivots.

It only obeys the law of supply and demand and S&R.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,096
  • Edited 3:18am Sep 4, 2009 2:43am | Edited 3:18am
Nat Gas update...

(Edit - just read my emails and the Daily Reckoning are now tipping Nat Gas Grrr. Herd will jump on so I will watch for bullish action from those lazy investor lot who survive on 'tip-sheets')
Attached Image (click to enlarge)
Click to Enlarge Name: Nat_Gas.png Size: 58 KB
Trade less and become more profitable!
  • #5,097
  • Sep 4, 2009 3:20am Sep 4, 2009 3:20am
Quoting elitejets
Tomorrow is a FULL MOON ...
Oh no thats not it (well it is a full moon) ... tomorrow is N F P !! You have been warned.
In addition its a holiday weekend in the US (Monday is Labour Day).
It would not surprise me if we went sideways into NFP and then the usual strange short term holiday reversal patterns.

Good trading ...
Beware the wolves......

Just to keep you posted had a nice P.A 15 min short on cad again yesterday...

0.25% thats the only day i worked last week,cant get out off holiday mode....

im so lazy.....xx

just cant take my pink dress off!!!
  • #5,098
  • Sep 4, 2009 5:51am Sep 4, 2009 5:51am
Grim ... if Natgas was not so damn expensive to trade then I would be short it instead of crude. At least it is one of the few markets that actually trades relative to fundamentals. In about 3 weeks they are going to run out of natural gas storage and then they have to switch some pumps off. I would not be buying.

Im not buying gold either, even though it is a good looking technical breakout. I am not fond of gold bugs and it is out of whack with the dollar and treasuries right now. This move seems to be more to do with people wanting to get their hands on some physical gold before the market and ETF's are regulated out of existance.
  • #5,099
  • Sep 4, 2009 11:16am Sep 4, 2009 11:16am
Quoting Grimweasel
Nat Gas update...

(Edit - just read my emails and the Daily Reckoning are now tipping Nat Gas Grrr. Herd will jump on so I will watch for bullish action from those lazy investor lot who survive on 'tip-sheets')
Danny, why were you wanting to counter trend (go long) when everything is pointing DOWN? There isn't the slightest hint of a bottom forming on that chart. Think you need some more Dr. Joe in you!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,100
  • Sep 4, 2009 11:34am Sep 4, 2009 11:34am
Quoting strat
Danny, why were you wanting to counter trend (go long) when everything is pointing DOWN? There isn't the slightest hint of a bottom forming on that chart. Think you need some more Dr. Joe in you!
LOL - Thanks Strat -I have been keeping an eye on it for a reversal only. It looked at if the rot had stopped. There are a couple of big volume spikes too on my other provider that show someone may have stepped in and bought at those 3.200 levels. Once the economy starts firing and the winter sets in then it may start to rise again

Counter to that is like Nic said, the US tanks are more or less full, so there is little demand of late. It is at a 7 year low too, so there will be some that jump in on that alone.

Thanks to Dr. Joe though, I won't be buying my ETF until it starts going up!!
Trade less and become more profitable!
7 traders viewing now