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Strat's Long Term Stress Free Trading

  • #5,101
  • Sep 4, 2009 6:01pm Sep 4, 2009 6:01pm
For those on The Path of Learning, PM me with your trade for this Worker chart. Assume the BOSS is bullish.

The small marks on the right where price is are spaced 130 pips apart.

NOTE:

Do NOT try and work out which pair this is or what year/month it was.

A chart is a CHART is a CHART and PASR is PASR is PASR no matter what the instrument is.
Attached Image (click to enlarge)
Click to Enlarge Name: test.gif Size: 16 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,102
  • Sep 4, 2009 6:41pm Sep 4, 2009 6:41pm
Quoting strat
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.
Post #5085

Well, now we know the answer don't we? (As if there was any doubt!)
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,103
  • Sep 4, 2009 6:52pm Sep 4, 2009 6:52pm
Quoting strat
""Strat, the point is there is too much abbreviations we can use,with different meanings in different threads right?""

You bring up a very valid point. A list of abbreviations for my thread has been on my "to do" list forever.

Would anyone like to volunteer to make a list of abbreviations used on this thread for inclusion in the index?
Post #5053

Very disappointing!

You really are a MISERABLE lot! You want EVERYTHING you can get your GREEDY hands on yet are NOT prepared to get off your FAT LAZY ASSES and help improve the thread for the better.

What would happen if I adopted the same LOUSY ATTITUDE as YOU?

Well, it just might happen if I don't see signs of helping and giving back!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,104
  • Sep 4, 2009 7:01pm Sep 4, 2009 7:01pm
This is a section of The Union Bank of Switzerland Trading Floor

With 1400 seats, 2000 computers and 5000 monitors, the UBS trading floor is noted by the Guinness Book of World Records as the largest single trading floor ...

Who is running the show, the humans, or the computers? Are the humans telling the computers what to do or are values on the computer screen telling the humans how to behave?
Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,105
  • Sep 4, 2009 7:09pm Sep 4, 2009 7:09pm
About UBS
UBS is present in all major financial centers worldwide, with offices in 50 countries. According to the UBS website, the bank had 70,210 employees on March 31, 2006. The 2006 Q1 report breaks these Financial Business permanent staff down by region as: 25,645 in Switzerland, 27,356 in the Americas, 11,341 in Europe, the Middle East and Africa (not including Switzerland), and 5,868 in Asia and Australasia.

Here is some background on the trading floor
The UBS trading floor in Stamford, Connecticut holds the Guinness World Record as the largest securities trading floor in the world. The 103,000 square-foot operation has 40 foot arched ceiling freeing it of columns or walls. The size of three football fields and home to 1,400 traders and staff who handle about $1 trillion worth of transactions a day. It is roughly 227 wide by 410 feet long.

Now do you know HOW BIG your trade is?
Attached Image (click to enlarge)
Click to Enlarge Name: UBS Trading Floor.jpg Size: 248 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,106
  • Sep 4, 2009 7:20pm Sep 4, 2009 7:20pm
Here is Commonwealth Bank Trading Floor in Sydney, Oz.

I think you get the idea of what the BIG BOYS look like now!

KNOW THINE ENEMY!!!!!!!!!!!!!!!!!
Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,107
  • Sep 4, 2009 9:53pm Sep 4, 2009 9:53pm
Quoting strat
Post #5053

Very disappointing!

You really are a MISERABLE lot! You want EVERYTHING you can get your GREEDY hands on yet are NOT prepared to get off your FAT LAZY ASSES and help improve the thread for the better.

What would happen if I adopted the same LOUSY ATTITUDE as YOU?

Well, it just might happen if I don't see signs of helping and giving back!
OK, I know I haven't hit the gym for a while, but FAT? C'mon. Lazy...perhaps...GREEDY...yes! still! (working on that - that son of a beach won't go away). LOUSY ATTITUDE? I hope not, but if people could read my mind (when I'm not telling them)...wooo! All that being said the Trouble and Strife may agree with you.

I will accept the challenge, but need some time to get it done. I'll leave the excuses in chapter 2 of THE MAGIC OF THINKING BIG.
  • #5,108
  • Sep 5, 2009 2:03am Sep 5, 2009 2:03am
Positive mental attitude.

This is what 1 Billion Dollars looks like.
Attached Image
Polishing my crystal ball
  • #5,109
  • Sep 5, 2009 2:07am Sep 5, 2009 2:07am
Positive mental attitude , part two.

This is what 1 Trillion Dollars looks like.
Attached Image (click to enlarge)
Click to Enlarge Name: Roy's first Trillion Dollars.JPG Size: 54 KB
Polishing my crystal ball
  • #5,110
  • Sep 6, 2009 3:36am Sep 6, 2009 3:36am
Could I have your PM address so I can take part in your test.

Many thanks
Jideck
  • #5,111
  • Sep 6, 2009 5:09am Sep 6, 2009 5:09am
try clicking on his name......
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #5,112
  • Sep 6, 2009 2:03pm Sep 6, 2009 2:03pm
Some notes from my files that may help some of you.....

How can the top traders keep it so cool when the risks are so high?

1) They decided a long time ago to take responsibility and find out
what works

2) They have a system that fits them.

3) They plan every trade down to the finest detail ( wouldn't you if
you had $50 million at stake? more importantly they know when push
comes to shove they will follow the rules.

4) They have put the ground work into their system and continue to
do so.

5) They have complete confidence in both the system they follow and in
their own skill to flawlessly execute it.

6) They definitely view trading as a game in points and stopped
counting the money a long time ago. Most of the top traders are
very wealthy so if they aren't trading for enjoyment ( and winning)
they'd simply retire.

7) Finally they learned a long time ago that they alone can not control
the markets. Watching a quote machine and hanging on to "guru" advice
all day is a losing system. Most of the top traders have a life
out-side of trading. Realizing the importance of keeping it all in
balance.

Trading is no different from any other aspect of life. If your total
focus is on one point then every little dip and peak becomes exaggerated.
This kind of peak and valley emotional trading will not only ruin your
trading results but it could destroy you as a person as well.
Trade less and become more profitable!
  • #5,113
  • Sep 6, 2009 2:17pm Sep 6, 2009 2:17pm
In order to trade successfully you need to take time off. Re-charge the
batteries and gain some perspective. I remember my first few years as a
stock market player. I would spend all day, night, weekends reading,
studying, staring at the charts, trying different systems, etc....

Frankly I wouldn't wish it on any-one. Yes, I learned so much, without
the intensity of study I wouldn't have become so successful, so quickly
( 5 years) but if I had to do it again, or if I was giving advice to a new
trader, I would have kept my life much more balanced. "Work hard, play hard."
"Not work and work some more."

The stresses are big enough without making it the only focus in your life.
Take a ten year view on your performance. Realize that if you can gain just
a 30% return in the stock market year after year you are doing better than most.

Treat trading like any other business. Work hard from 9-5 and then be disciplined to switch off and live your life.

Trading can be frustrating if you feel you can control the markets. There's this feeling that by checking on the prices four times a day you will perform better. But this is a complete waste of time and it leads you in to doing something stupid. As long as you plan your system and follow those rules why would you ever need to check on the prices during the day. Use the time intelligently and in so doing it will give you more free time. Wasn't that the whole attraction of getting into the stock originally?

So keep it in perspective. Realize you have no way of controlling the prices.
If you find your-self "itching" for more action then take up some interest AWAY from the markets. NEVER try to make your trading more interesting or exciting. If you do this you are forcing the markets into something that simply does not exist.

If you spend more than 15 minutes per day managing your trades it's too long.
Ask our-self whether you are trying to see something that doesn't exist.
Successful, profitable trading is:
* Boring
* Effortless
* Easy
* Stress free

**Must have been written by Strat**
Trade less and become more profitable!
  • #5,114
  • Sep 6, 2009 3:21pm Sep 6, 2009 3:21pm
Quoting coscorp
try clicking on his name......
Many thanks for your reply.
I have found it already.
Jideck
  • #5,115
  • Sep 6, 2009 3:33pm Sep 6, 2009 3:33pm
As Judy Collins sang:

SEND IN THE CLOWNS

POST #2
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,116
  • Sep 6, 2009 3:36pm Sep 6, 2009 3:36pm
Quoting Grimweasel
In order to trade successfully you need to take time off. Re-charge the
batteries and gain some perspective. I remember my first few years as a
stock market player. I would spend all day, night, weekends reading,
studying, staring at the charts, trying different systems, etc....

Frankly I wouldn't wish it on any-one. Yes, I learned so much, without
the intensity of study I wouldn't have become so successful, so quickly
( 5 years) but if I had to do it again, or if I was giving advice to a new
trader, I would have kept my life much more balanced....
Very well said, Danny boy but I will bet Nicola's trading account that VERY FEW take heed and act on what you have written!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,117
  • Sep 6, 2009 3:40pm Sep 6, 2009 3:40pm
Quoting 30XTCi
Positive mental attitude , part two.

This is what 1 Trillion Dollars looks like.
While I STRONGLY agree in GOAL SETTING, Roy, they MUST be realistic and achievable goals!

A Billion and Trillion dollars, for me, is just not, as much as I would dearly love it to be, realistic and achievable at this point in my trading life.

Now, if I had Jacko's balls.................................................
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,118
  • Sep 6, 2009 3:42pm Sep 6, 2009 3:42pm
Quoting Baba G
They aint got nothing......NOTHING:

Dont call it a come back(ah ah ah) ive been here for years.......mamas gonna knock you out,Im gonna knock you out(L.L.Cool.J)

Big Boys.........KISS ME x
Hello, welcome to the thread - who are you?
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,119
  • Sep 6, 2009 4:37pm Sep 6, 2009 4:37pm
Quoting strat
Hello, welcome to the thread - who are you?
LOL Laugh did the weasel!!!

He's been feeding off all those 1hr guys on the 15M TF!!

BTW Strat, those words above that you commented on are from the same document as the post before - not my words but words by which I firmly believe most traders should run their business. Credit is due to the author Mark Crisp
Trade less and become more profitable!
  • #5,120
  • Sep 6, 2009 5:17pm Sep 6, 2009 5:17pm
Quoting Grimweasel
In order to trade successfully you need to take time off. Re-charge the
batteries and gain some perspective. I remember my first few years as a
stock market player. I would spend all day, night, weekends reading,
studying, staring at the charts, trying different systems, etc....

Frankly I wouldn't wish it on any-one. Yes, I learned so much, without
the intensity of study I wouldn't have become so successful, so quickly
( 5 years) but if I had to do it again, or if I was giving advice to a new
trader, I would have kept my life much more balanced....
Grimweasel within ur posting you raised an important subject, i raised it long time in many forums before ,but there was no clear (or even vague) answer to it although there was many levels of participants including CTAs.

u said" Realize that if you can gain justa 30% return in the stock market year after year you are doing better than most.
so if there was a known average anual percentage of reward on investment in stock mkt, real estate,..., and other type of investment , is there a research or idea about the anual reward on invest in forex ?
any input is appreciated.
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