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Strat's Long Term Stress Free Trading

  • #5,701
  • Sep 25, 2009 8:15am Sep 25, 2009 8:15am
Quoting strat
That must be the new Chunnel they are building between Australia and Canada

I don't have enough data for that pair

Anyone know how to get more data?
Just open a demo account here http://www.alpari-forex.com/
Their historical data is enough for almost every pair.
  • #5,702
  • Sep 25, 2009 8:31am Sep 25, 2009 8:31am
Quoting strat
Good lad, Craig! You are really getting the hang of this. Well done!
Strat now I am confuse. Isn't that the same gbpusd counter trend trade that u advised me to stay out?
Discipline is PRIMARY, Method is Secondary.....
  • #5,703
  • Sep 25, 2009 8:58am Sep 25, 2009 8:58am
thank you for your well explained posts
regards

Quoting CrudeCraig
See chart
  • #5,704
  • Edited 9:19am Sep 25, 2009 9:09am | Edited 9:19am
Quoting Dabestone
Strat now I am confuse. Isn't that the same gbpusd counter trend trade that u advised me to stay out?
I guess you mean "confused"!

You wanted to trade it AFTER the horse had bolted - Craig traded it on a re-test of DSRI BEFORE the horse bolted.

Re - read my post again.

Also, I said to stay out yesterday while the carnage was taking place - that doesn't mean stay out forever.

If you are still confused, ask again - we need to get you thinking right!

Maybe you were thinking EURGBP - that was the COUNTER TREND trade I said to stay out of for a short.

GBPUSD short is NOT a counter trend trade.

Does this help?
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,705
  • Sep 25, 2009 9:34am Sep 25, 2009 9:34am
hi
can anyone from the guys who understand strat method read a chart of EU . and post his comment .
thanks
Quoting strat
I guess you mean "confused"!

You wanted to trade it AFTER the horse had bolted...
  • #5,706
  • Sep 25, 2009 9:47am Sep 25, 2009 9:47am
Quoting Dabestone
Strat now I am confuse. Isn't that the same gbpusd counter trend trade that u advised me to stay out?
Please reread my post #5540, especially the last sentence ".... You can find yourself in the fat city in case of breaking of 1/9 low and hence HS neck ".

Breaking of 1/9 low hints LH-LL which indicates possible change in trend and price dropped 200 pips after breaching 1/9 low.
  • #5,707
  • Sep 25, 2009 9:53am Sep 25, 2009 9:53am
Quoting samer960
hi
can anyone from the guys who understand strat method read a chart of EU . and post his comment .
thanks
With pleasure! If you can read a book, you can read this.

Trading is SIMPLE - it is we traders who COMPLICATE IT!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 33 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,708
  • Sep 25, 2009 9:57am Sep 25, 2009 9:57am
this no need for u to read it .
Quoting strat
With pleasure! If you can read a book, you can read this.

Trading is SIMPLE - it is we traders who COMPLICATE IT!
  • #5,709
  • Edited 10:12am Sep 25, 2009 10:01am | Edited 10:12am
Quoting samer960
this no need for u to read it .
Samer, sadiq, Salem Ali Kum!

It wasn't meant to be funny - it's just FACT

How is the concrete jungle (Dubai) these days? Still building the worlds tallest buildings?

ma'asalama
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,710
  • Sep 25, 2009 10:08am Sep 25, 2009 10:08am
Quoting samer960
hi
can anyone from the guys who understand strat method read a chart of EU . and post his comment .
thanks
I am learning the method...as part of that process heres my view on the chart...

Clear uptrend - big boss, boss and slave are working together. We have a rounding pattern that possibly points to a correction to the DSRI providing us with a possible entry opportunity in the coming days.

Slave 20 is providing support today.

I would wait for a correction to the DRSI, observe price action, on a bullish signal buy. Slave 50 is sat just below the DRSI which should further reduce risk.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_25sep2009.gif Size: 27 KB
Hope is not a trading strategy
  • #5,711
  • Sep 25, 2009 10:13am Sep 25, 2009 10:13am
salam
the jungle is getting bigger and bigger come over i will take u to visit , if u didn't come here for a long time u will be amazed , and if u have never visited before u will be even more amazed , and if u live in dubai pm me your phone so i can buy u a dinner .
as for the tallest building they are still building it and it it is since a long time and by far the tallest one in the world , they are still going up . like ur well explained chart of euro
i am trying to see with the eyes of your disciples and yours the way u see EU with the turning point and so on , what can we expect in the few coming days or weeks .
salam
samer
Quoting strat
Samer, sadiq, Salem Ali Kum!

It wasn't meant to be funny - it's just FACT

How is the concrete jungle (Dubai) these days? Still building the worlds tallest buildings.

ma'asalama
  • #5,712
  • Sep 25, 2009 10:13am Sep 25, 2009 10:13am
Quoting CrudeCraig
See chart
I had a wonderful trade off this...unfortunately I closed on yesterdays close...need to work on my trading psychology this weekend
Hope is not a trading strategy
  • #5,713
  • Sep 25, 2009 10:15am Sep 25, 2009 10:15am
Quoting Sinan
I am learning the method...as part of that process heres my view on the chart...

Clear uptrend - big boss, boss and slave are working together. We have a rounding pattern that possibly points to a correction to the DSRI providing us with a possible entry opportunity in the coming days.

Slave 20 is providing support today.

I would wait for a correction to the DRSI, observe price action, on a bullish signal buy. Slave 50 is sat just below the DRSI which should further reduce risk.
You are learning very well, my friend, keep it up.

Err..........slaves were abolished by Lincoln a few years ago - please refer to the Daily as the WORKER.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,714
  • Sep 25, 2009 10:18am Sep 25, 2009 10:18am
Quoting Sinan
I had a wonderful trade off this...unfortunately I closed on yesterdays close...need to work on my trading psychology this weekend
All part of the learning process. As you have found out, the technical bit is EASY - the head game stuff is the HARDEST!

Did you have a PLAN? What did your PLAN tell you to do?
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,715
  • Sep 25, 2009 10:24am Sep 25, 2009 10:24am
That was my subconscious...its Friday and I am currently at work...WORKER it is

Quoting strat
You are learning very well, my friend, keep it up.

Err..........slaves were abolished by Lincoln a few years ago - please refer to the Daily as the WORKER.
Hope is not a trading strategy
  • #5,716
  • Sep 25, 2009 10:24am Sep 25, 2009 10:24am
Quoting samer960
salam
the jungle is getting...
Thanks for the invitation! Maybe we will hold a Strat Stress Free Trading Seminar in your Palace by the beach!

I have visited Dubai and most countries in the Middle East many times. In my oil and gas career, we lived in Saudi Arabia, Kuwait, Abu Dhabi and Bahrain where we had very happy times.

With regard to trading, trade in the direction of the trend. Make sure it is the right trend though!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,717
  • Sep 25, 2009 10:38am Sep 25, 2009 10:38am
I had a plan but only to the 16040 level (so I only really had one target)...saw we stopped on support on the equity indexes and was worried risk appetite would pickup again...then my mind just started going through every reason to close. I was also not sure where my supply line should be set although thats clearer today...

Yep it was a healthy trade but a poor one from a planning perspective...

My worst moments are always after a big win...

Next week I am going to post more details on my trade plan rather than just the charts hopefully that will instill some more discipline.

Quoting strat
All part of the learning process. As you have found out, the technical bit is EASY - the head game stuff is the HARDEST!

Did you have a PLAN? What did your PLAN tell you to do?
Hope is not a trading strategy
  • #5,718
  • Sep 25, 2009 11:00am Sep 25, 2009 11:00am
Quoting Barry Cade
Thx Craig, good work.
To help me cross ref quicker I converted the doc into a spreadsheet so I could sort alphabeticlally.

It may help/save time for someone else, so Ive attached a copy.
Hi Barry,

Thanks for making the Acronyms excel file. One is missing tho....


Quote
You may want to change those initials - on here, DMW = Dicks and Merchant Wankers!

(from Strat.... Post #5626)

  1. By the way, where has my old buddy Baba G gone? I haven't heard from him here in days.

  1. Also wanted to thank Arthur (Naws) for updating the Strat's Stress Free Trading Index http://sites.google.com/site/stratstrading/

It looks great.

Dave

  • #5,719
  • Sep 25, 2009 11:20am Sep 25, 2009 11:20am
Quoting Sinan
I had a plan but only to the 16040 level (so I only really had one target)...saw we stopped on support on the equity indexes and was worried risk appetite would pickup again...then my mind just started going through every reason to close. I was also not sure where my supply line should be set although thats clearer today...

Yep it was a healthy trade but a poor one from a planning perspective...

My worst moments are always after a big win...

Next week I am going to post more details on my trade plan rather than just the charts hopefully that...
Forget what you see on other instruments - ONLY trade the chart you initiated your trade on.

This is just as bad as initiating a trade on the Worker and then monitoring it on H4!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,720
  • Sep 25, 2009 12:45pm Sep 25, 2009 12:45pm
Hello all,

I just wanted to say Thanks to Strat and all the other great contributors on this thread for their insight into trading. The information available here is unbelievable at a very reasonable price! I have contacted Naws about joining the path of learning and look forward to working[learning] with all of you.

Thanks, Poncho
" I can read the left side of the chart, the right side's a Bitch!
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