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Strat's Long Term Stress Free Trading

  • #5,861
  • Sep 29, 2009 9:21am Sep 29, 2009 9:21am
waiting for re-test of .9020-80 to go long...
  • #5,862
  • Sep 29, 2009 9:31am Sep 29, 2009 9:31am
Quoting tenthman
High frequency trading on forex? I've heard of it used in the stock market, but this is new for forex...or am I all wet?

http://rense.com/general87/highf.htm
I think this guy has just stepped out of his cave.

See my earlier post (reply to forexample) and other posts, the majority of forex trading is done by computer trading by the big boys.

The bank is UBS

There is nothing new here and certainly nothing to be alarmed about.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,863
  • Sep 29, 2009 3:29pm Sep 29, 2009 3:29pm
Are there any websites that provide decent charts using the browser? My laptop broke over the weekend and I can't get mt4 on this computer I'm using.
  • #5,864
  • Sep 29, 2009 3:42pm Sep 29, 2009 3:42pm
Quoting Naws
Are there any websites that provide decent charts using the browser? My laptop broke over the weekend and I can't get mt4 on this computer I'm using.
Try Netdania.com There may be others.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,865
  • Sep 29, 2009 9:33pm Sep 29, 2009 9:33pm
BlackEagle,

I have been testing the method you showed us a few weeks back and was wondering if you would have a look at my chart. I believe this would be a valid setup to go short.

I'm not trading this Strat, just practicing Black's method along with the basics on the Daily.

BTW, Strat (Crude and others), thanks for the past few reminder posts regarding DISCIPLINE and PATIENCE.
It is so easy to get caught up in the details to forgot the very simplest of things.
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  • #5,866
  • Sep 29, 2009 10:01pm Sep 29, 2009 10:01pm
Quoting Naws
Are there any websites that provide decent charts using the browser? My laptop broke over the weekend and I can't get mt4 on this computer I'm using.

Here are some others:

http://quote2.fxtrek.com/misc/fxcm2.asp

http://www.fxcm.com/forex-charts.jsp


You may need to have Java enabled to use them.
  • #5,867
  • Sep 29, 2009 10:01pm Sep 29, 2009 10:01pm
Quoting One14
BlackEagle,

I have been testing the method you showed us a few weeks back and was wondering if you would have a look at my chart. I believe this would be a valid setup to go short.

I'm not trading this Strat, just practicing Black's method along with the basics on the Daily.
Please check your PM.
  • #5,868
  • Sep 30, 2009 6:10am Sep 30, 2009 6:10am
Quoting Blackeagle
Please check your PM.
PM?? Our current 'red' one is due to expire very soon for a 'blue' one(hopefully!) LOL
Trade less and become more profitable!
  • #5,869
  • Sep 30, 2009 6:14am Sep 30, 2009 6:14am
So, has the short term trend on Cable reversed and it is now back with the major underlying trend? How fickle the market can be - a spot of news (nothing that great) and Cable starts to rally again. Now, could the major players have already known yesterday's news hence the Hammer on Mon, sucking in the counter-trend guys? I'm without charts today, but I had targeted this small rally petering out around the minor SR level created by the last major low of the preceding up trend. Are we at that level now? Can't recall the figure. (I'm not trading cable today btw)!

Or are the lower-that-EOD traders enjoying a counter-minor trend feast back with the major underlying trend?

I was on some other thread today where this chap was extolling the virtues of funnymentals above all else and saying anyone that trades Forex without understanding the big picture (rates/ correlations/ National Banks etc) would be doomed to failure. I've noted that every time I had 'thought' I knew what would happen I've been proven otherwise by a counter thought trend on the charts! This equity rally has now been endorsed by the IMF today. So, just when the last bears are sucked into the market it usually tanks!! So, I'm still not equity long!
Trade less and become more profitable!
  • #5,870
  • Sep 30, 2009 9:01am Sep 30, 2009 9:01am
Lol


Spinner

A fool is a fool who doesn't know he is a fool
Spinner 'Tis in the Waiting.....
  • #5,871
  • Sep 30, 2009 10:21am Sep 30, 2009 10:21am
Quoting Grimweasel
[font=Arial]So, has the short term trend on Cable reversed and it is now back with the major underlying trend? How fickle the market can be - a spot of news (nothing that great) and Cable starts to rally again. Now, could the major players have already known yesterday's news hence the Hammer on Mon, sucking in the counter-trend guys? I'm without charts today, but I had targeted this small rally petering out around the minor SR level created by the last major low of the preceding up trend. Are we at that level now? Can't recall the figure. (I'm not...
Danny boy!

Maybe you need to get another job in addition to your RAF job as you seem to have too much time on your hands to do all this thinking and book reading!

My head would hurt real bad if I did all the thinking you do.

Anyway, back to the interesting stuff. On GBPUSD, I had a sell order placed at 1.6148 on Monday September 28 but unless you can get your friend GB to say something nice, it looks like I am going to miss out and have to drop to a lower price.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,872
  • Sep 30, 2009 10:33am Sep 30, 2009 10:33am
Quoting Spinner
Lol


A fool is a fool who doesn't know he is a fool
Now where I have seen something similar?

Oh yes, from Roy, our Welsh Wizard down under, 30XTCi:

There are two types of analysts, those that don't know, and those that don't know they don't know.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,873
  • Sep 30, 2009 10:51am Sep 30, 2009 10:51am
So, on USDJPY, on my data, we had text book PASR:

A swing started by a Shooting Star and ending with a Hammer.

Not content with that, it was a perfectomundo 50% retrace for the next move down.

This suggests downside targets of:

88.20
87.80
87.10

And maybe completion of the move at 86.20 But what do I know?

Now, is everyone in on this?
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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,874
  • Sep 30, 2009 11:43am Sep 30, 2009 11:43am
Quoting strat
So, on USDJPY, on my data, we had text book PASR:

A swing started by a Shooting Star and ending with a Hammer.

Not content with that, it was a perfectomundo 50% retrace for the next move down.

This suggests downside targets of:

88.20
87.80
87.10

And maybe completion of the move at 86.20 But what do I know?

Now, is everyone in on this?
On my different data feed is not the same as in yours...but today is forming a bearish outside bar...in the direction of the down trend and under the support/resistance of 90.00
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Market is like a puzzle, YOU have to fit the pieces!!
  • #5,875
  • Edited 12:18pm Sep 30, 2009 12:05pm | Edited 12:18pm
Quoting strat
So, on USDJPY, on my data, we had text book PASR:

A swing started by a Shooting Star and ending with a Hammer.

Not content with that, it was a perfectomundo 50% retrace for the next move down.

This suggests downside targets of:

88.20
87.80
87.10

And maybe completion of the move at 86.20 But what do I know?

Now, is everyone in on this?
The technicals remain a thing of beauty for the swing trader....but the weekly stall at current levels will, if completed, trigger another buy on "my pair"......LOL - for another measley run before my trail is hit....again....and again.....I don't mind being the idiot on this one. It's a good exercise! Those shorting at 101 in April are the true players. That monthly pattern still worries me some, although, honestly, it's been a 2-way market all the way until this recent run. I continue to believe it's capitulation at this point. 89.70 continues to hold weight for me - God, that where it is now - fancy that!
  • #5,876
  • Sep 30, 2009 12:28pm Sep 30, 2009 12:28pm
Quoting strat
So, on USDJPY, on my data, we had text book PASR:

A swing started by a Shooting Star and ending with a Hammer.

Not content with that, it was a perfectomundo 50% retrace for the next move down.

This suggests downside targets of:

88.20
87.80
87.10

And maybe completion of the move at 86.20 But what do I know?

Now, is everyone in on this?
I thought this was a signal free thread.

Perhaps I am naive or just don't have the experience of Strat (here come the wisecracks), but I don't want to fight PASR. Sell with a hammer below (at support).
  • #5,877
  • Sep 30, 2009 12:36pm Sep 30, 2009 12:36pm
Quoting strat
Danny boy!...
LOL - yeah slow time of year currently in my role so I have a quick check of the internet when I can (no charting etc as most sites are blocked by the firewall!!) Interesting article on The Kirk Report about sticking with the trend. (It's the Barron's rpt)
Trade less and become more profitable!
  • #5,878
  • Sep 30, 2009 12:51pm Sep 30, 2009 12:51pm
Quoting One14
I thought this was a signal free thread.

Perhaps I am naive or just don't have the experience of Strat (here come the wisecracks), but I don't want to fight PASR. Sell with a hammer below (at support).
Just bait for the lurkers, Corbett, just bait!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,879
  • Sep 30, 2009 12:52pm Sep 30, 2009 12:52pm
Quoting strat
Anyway, back to the interesting stuff. On GBPUSD, I had a sell order placed at 1.6148 on Monday September 28 but unless you can get your friend GB to say something nice, it looks like I am going to miss out and have to drop to a lower price.
Hi Strat, Im thinking why you had set your pending order at 1.6148? On my broker's data, Friday's close or Monday's Open does not show any relevant price action in that area. I am aware that area is a broken support turns resistance in my chart though, but doubt that master Strat would jump in anything like this if the teaching of this thread is of any indication.

Maybe you can post a chart to clear up me noobie mind. Sorry
Discipline is PRIMARY, Method is Secondary.....
  • #5,880
  • Sep 30, 2009 12:58pm Sep 30, 2009 12:58pm
Quoting Dabestone
Hi Strat, Im thinking why you had set your pending order at 1.6148? On my broker's data, Friday's close or Monday's Open does not show any relevant price action in that area. I am aware that area is a broken support turns resistance in my chart.

Maybe you can post a chart to clear up me noobie mind. Sorry
None on mine either - advanced trading for later. I shouldn't really have posted it but it was a wind up for WeaslyGrim!
15 YEARS OF PASR ON FOREX FACTORY!
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