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Strat's Long Term Stress Free Trading

  • #5,501
  • Sep 20, 2009 9:25pm Sep 20, 2009 9:25pm
If one is really good and well capped, one has a chance......but...why do it unless you are prepared to be very patient...get stopped out a few times, and not become frustrated.
  • #5,502
  • Sep 20, 2009 9:29pm Sep 20, 2009 9:29pm
Quoting Alexandra
OK, do I have to say it? You don't make money picking tops and bottoms!!

You are not smarter than everone else, you won't be earlier than everyone else. See it for what it is and let the market move you. There's a modern one Strat! ("let the rhythm move you...bonk...bonk.....c'mon let's work...baby.....la la la)
Who said we are picking tops and bottoms here??

Certainly not me, my trading style does not have the flexibility like yours to risk large pip values.
  • #5,503
  • Sep 20, 2009 9:43pm Sep 20, 2009 9:43pm
My my - a bit touchy are we? I didn't say it was you. I don't want it to be you. Just don't let it be you. But........there has been more than one idiot saying it all the way from E/USD 1.29.
  • #5,504
  • Sep 20, 2009 9:50pm Sep 20, 2009 9:50pm
Quoting Alexandra
My my - a bit touchy are we? I didn't say it was you. I don't want it to be you. Just don't let it be you. But........there has been more than one idiot saying it all the way from E/USD 1.29.
Alright my bad

I must say though its hard as hell to know who you are talking to if you never use the quote option in your posts.

I can usually figure it out but it definitely leads to confusion sometimes.

Just my opinion.
  • #5,505
  • Sep 20, 2009 10:04pm Sep 20, 2009 10:04pm
Ahhhh...you want me to embarrass someone. Indeed, well..........nah...that would be, well.........crude.
  • #5,506
  • Sep 20, 2009 10:35pm Sep 20, 2009 10:35pm
Quoting elitejets
Do you like this one too:
While the immediate trend is up, I just don't have a good feeling (yet).
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,507
  • Sep 20, 2009 10:37pm Sep 20, 2009 10:37pm
Quoting Alexandra
OK, do I have to say it? You don't make money picking tops and bottoms!!

You are not smarter than everone else, you won't be earlier than everyone else. See it for what it is and let the market move you. There's a modern one Strat! ("let the rhythm move you...bonk...bonk.....c'mon let's work...baby.....la la la)
I like the "bonk...bonk" bit but as for the rest, I'm a little lost!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,508
  • Sep 20, 2009 10:43pm Sep 20, 2009 10:43pm
Quoting Alexandra
Ahhhh...you want me to embarrass someone. Indeed, well..........nah...that would be, well.........crude.
Go ahead, embarrass them! I do it all the time - as is my style - they need to get mentally tough or get out! There are NO nice people who are successful traders - its dog eat dog and the predator and the prey in trading. make sure you know who you are!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,509
  • Sep 20, 2009 10:52pm Sep 20, 2009 10:52pm
Quoting strat
I like the "bonk...bonk" bit but as for the rest, I'm a little lost!

You are lost after the bonk, bonk.........typical!
  • #5,510
  • Sep 20, 2009 11:01pm Sep 20, 2009 11:01pm
Quoting Alexandra
Ahhhh...you want me to embarrass someone. Indeed, well..........nah...that would be, well.........crude.
Haha...... well sometimes being too NICE to people can lead them in the wrong direction.

Like continuing to make the same mistakes over and over again, I know though that the gears in ones mind really start turning when they are criticized. It creates a more stimulating effect and triggers memory of wrong doings more so than the casual "no craig thats wrong but im sure you will do better next time" approach.
  • #5,511
  • Sep 21, 2009 3:19am Sep 21, 2009 3:19am
Quoting CrudeCraig
Alright my bad

I must say though its hard as hell to know who you are talking to if you never use the quote option in your posts.

I can usually figure it out but it definitely leads to confusion sometimes.

Just my opinion.
crude ,I agree.
but dont mind..
i think someone is mentaly handicaped...
hehe
  • #5,512
  • Sep 21, 2009 3:30am Sep 21, 2009 3:30am
Quoting elitejets
I'm going to rant briefly ... It took three attempts to post that last post. Twice I tried and FF managed to open a million IE browser windows and give me the blue screen of death. It's disruptive to my trading. I don't know why FF gets targeted but it's not good.
Switch to Google's Chrome OR www.maxthon.com OR Firefox. IE sucks.

Oops, just saw that some of those were already recommended.
One Chart is Worth Ten Thousand Words.
  • #5,513
  • Sep 21, 2009 3:31am Sep 21, 2009 3:31am
Quoting CrudeCraig
I do like this one too but i think ill wait for a weekly trade to show me the way on this one.

Its been a SLOW grind up to the down DSRI and acting very choppy on the daily, so unless something really obvious jumps out at us i will be waiting....
i like the word "slow grinding ", as someone posted here that it was said by one floor trader. and that prices more likely to be broken than the "fast moving" type
  • #5,514
  • Edited 9:21am Sep 21, 2009 6:36am | Edited 9:21am
Quoting CrudeCraig
Here is a trade i like right now.

Price has broken the immediate down DSRI with a re-test of it and the 85 level as support on friday.

I have another pending order 10 pips above fridays candle to add to my position, stops have already been moved to protect initial position.

First chart is D1 second chart is H4
Hello All,

I just have to ask about this setup. Just beginning to get into this thread and have been trying see what really strikes you about this. I understand the break and retest of the DSRI line, but I dont see my big boss or boss giving me any guidance. I am still studying PA so was your entry based on that and support? Was this an A plus setup I am looking for as a newbie, or was this trade that will come with more experience? Also my feed does not show a pin bar where I think Strat got in.


Thanks everyone

Poncho
" I can read the left side of the chart, the right side's a Bitch!
  • #5,515
  • Sep 21, 2009 10:40am Sep 21, 2009 10:40am
Ahhh the land of 91.70...make......or break the PA
  • #5,516
  • Sep 21, 2009 10:46am Sep 21, 2009 10:46am
I do find the AUDJPY charts a good example of the weekly reassuring the daily. One can spin a short stance purely on the daily; however, the weekly gives perspective.
  • #5,517
  • Sep 21, 2009 4:39pm Sep 21, 2009 4:39pm
Quoting poncho1
Hello All,

I just have to ask about this setup. Just beginning to get into this thread and have been trying see what really strikes you about this. I understand the break and retest of the DSRI line, but I dont see my big boss or boss giving me any guidance. I am still studying PA so was your entry based on that and support? Was this an A plus setup I am looking for as a newbie, or was this trade that will come with more experience? Also my feed does not show a pin bar where I think Strat got in.


Thanks everyone

Poncho
""Also my feed does not show a pin bar where I think Strat got in"".

Neither does mine - but, as I have said many times, I am not trading the way I am teaching on here - I am just a few steps ahead.


Learn the basics and fundamentals (hammer, shooting star, BEOB, BEEB, BUOB and BUEB) first before anything else. After that, we can move on to other stuff.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,518
  • Sep 21, 2009 6:04pm Sep 21, 2009 6:04pm
Hi Strat, you have asked me to learn to recognise a trend as it's an essential part of trading. As I did not pay much attention to trend with the way I trade before in the 4hr, I've to admit I get confuse idendifying a trend.

Reading through what has being taught in this thread, I've learnt that we should only trade with the trend and not opposite. This leads me looking into my chart and think: IS THE CURRENT TREND CHANGING OR IT'S JUST A MERE RETRACEMENT?

Below are Gbp/Jpy and Gbp/Chf charts attached. Can I assume that the major trend indicated by the blue arrow is BULLISH and that the CURRENT downtrend indicated by the red arrow is a mere RETRACEMENT? And in this circumstances, if we are to follow the trend, we should only look for nice PA setups to go LONG?

OR

The current trend is already a Downtrend. It might still not considered a change of Trend but taking a sell is considered FOLLOWING THE TREND and it's safe. Another question is, at what price/area did the pair go down to that
it starts signalling a bearish trend is in line and we can start to look for Short Setups?

In my own interpretion, I believe that the trend is down, so looking for a SELL setup would be okay at the current market(but what the heck do i know). Appreciate the feedback guys. Thank you.
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Discipline is PRIMARY, Method is Secondary.....
  • #5,519
  • Sep 21, 2009 7:37pm Sep 21, 2009 7:37pm
Quoting Dabestone
Hi Strat, you have asked me to learn to recognise a trend as it's an essential part of trading. As I did not pay much attention to trend with the way I trade before in the 4hr, I've to admit I get confuse idendifying a trend.

Reading through what has being taught in this thread, I've learnt that we should only trade with the trend and not opposite. This leads me looking into my chart and think: IS THE CURRENT TREND CHANGING OR IT'S JUST A MERE RETRACEMENT?

Below are Gbp/Jpy and Gbp/Chf charts attached. Can I assume that the major trend indicated...

Strat's post # 3780 at page 252 might help
  • #5,520
  • Sep 21, 2009 7:47pm Sep 21, 2009 7:47pm
Here's something that jumped out at me while reviewing the charts tonight. I am not really studying this stuff now as I have been focusing on the basics that Strat has been pushing (SS, Hammers, BEEB, etc...), but like I said it stuck out.

I know Nicola and others have already been trading the Pound, but I'd like to throw this one out there and get some opinions from you Certified Trainers (and of course the Master).
BTW, Nicola...have you made any moves (and not the ones that Strat is probably thinking of)?

We are near the low end of the consolidation, so we need to pay attention to that.
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