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Strat's PASR Long Term, Stress Free Trading 18,592 replies

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Strat's Long Term Stress Free Trading

  • #5,881
  • Sep 30, 2009 10:59am Sep 30, 2009 10:59am
Here's the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gu d1.gif Size: 25 KB
Discipline is PRIMARY, Method is Secondary.....
  • #5,882
  • Sep 30, 2009 10:59am Sep 30, 2009 10:59am
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 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


Maybe can be the short DSRI? Missed for a few pips...
Just guessing...
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Market is like a puzzle, YOU have to fit the pieces!!
  • #5,883
  • Sep 30, 2009 11:05am Sep 30, 2009 11:05am
Plus there are other 50% retraces back into the trend! (on my data anyway)
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,884
  • Sep 30, 2009 11:08am Sep 30, 2009 11:08am
Quoting strat
None on mine either - advanced trading for later. I shouldn't really have posted it but it was a wind up for WeaslyGrim!
Ok cool. ADVANCE TRADING. When can we get there?

By the way, Strat I had just read about your USD/JPY setup that you just posted. Is that one of the "tests" or it's REAL?

Am I missing something? Hmm.... Personally I would like to wait for price to be pullback a little more,somewhere nearer to the daily20, and then with nice Price Action.

There's another "similar" looking setup on EURGBP daily chart. A nice looking hammer forming (3 more hours before close). But I would personally prefer price action to be closer to the daily20. AM I MISSING SOMETHING?
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Discipline is PRIMARY, Method is Secondary.....
  • #5,885
  • Sep 30, 2009 11:23am Sep 30, 2009 11:23am
Quoting Dabestone
Ok cool. ADVANCE TRADING. When can we get there?

By the way, Strat I had just read about your USD/JPY setup that you just posted. Is that one of the "tests" or it's REAL?

Am I missing something? Hmm.... Personally I would like to wait for price to be pullback a little more,somewhere nearer to the daily20, and then with nice Price Action.

There's another "similar" looking setup on EURGBP daily chart. A nice looking hammer forming (3 more hours before close). But I would personally prefer price action to be closer to the daily20....
Down, boy, down (said the actress to the Bishop!)

No, you are not missing anything. Just keep learning PASR. You need to learn the basics (PASR) first before ANYTHING else.

Once you have mastered PASR and can do it with your eyes closed, hanging upside down by one arm from the Golden Gate bridge while throwing darts with the other and whistling "Dixie", everything after that is a walk in the park. (Things - Bobby Darin)
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,886
  • Sep 30, 2009 1:45pm Sep 30, 2009 1:45pm
Quoting strat
Down, boy, down (said the actress to the Bishop!)

No, you are not missing anything. Just keep learning PASR. You need to learn the basics (PASR) first before ANYTHING else.

Once you have mastered PASR and can do it with your eyes closed, hanging upside down by one arm from the Golden Gate bridge while throwing darts with the other and whistling "Dixie", everything after that is a walk in the park. (Things - Bobby Darin)
Strat, saying that, do you mean that the USDJPY short and EURGBP is Long setup are valid setups?

P/S: Just finished watching the champions league match between Manchester United and Wolfsburg, not a pretty one but job well done by United. Did u watch that Strat?
Discipline is PRIMARY, Method is Secondary.....
  • #5,887
  • Sep 30, 2009 1:56pm Sep 30, 2009 1:56pm
Quoting Dabestone
Strat, saying that, do you mean that the USDJPY short and EURGBP is Long setup are valid setups?

P/S: Just finished watching the champions league match between Manchester United and Wolfsburg, not a pretty one but job well done by United. Did u watch that Strat?
I was confirming your analysis and thinking. Only you, on your data, can tell if they are valid set ups. Do not trade based on recommendations of other people including me. You have to work it out for yourself. If you don't, you will never complete The Path of Learning.

No, was away from the box so couldn't see it. I see the boys in blue won too.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,888
  • Sep 30, 2009 4:58pm Sep 30, 2009 4:58pm
Hi All,

This chart looks familar.
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy-9-30-09.gif Size: 12 KB
  • #5,889
  • Sep 30, 2009 5:06pm Sep 30, 2009 5:06pm
Quoting patrick25
Hi All,

This chart looks familar.
Excellent Memory Recall, Patrick - trust you know what to do?


Sssh, don't tell everybody - make them READ THE THREAD!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,890
  • Sep 30, 2009 5:14pm Sep 30, 2009 5:14pm
Quoting strat
Excellent Memory Recall, Patrick - trust you know what to do?


Sssh, don't tell everybody - make them READ THE THREAD!
Thanks Strat, just a reminder.
  • #5,891
  • Sep 30, 2009 5:52pm Sep 30, 2009 5:52pm
Quoting patrick25
Thanks Strat, just a reminder.
Make sure you know where the trend is.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,892
  • Sep 30, 2009 6:00pm Sep 30, 2009 6:00pm
Hello all
Here is a nice looking chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf daily.gif Size: 23 KB
  • #5,893
  • Sep 30, 2009 6:18pm Sep 30, 2009 6:18pm
Quoting elitejets
Hello all
Here is a nice looking chart
I like it!

My sell order is waiting on this as well.
  • #5,894
  • Sep 30, 2009 6:42pm Sep 30, 2009 6:42pm
EURCAD is a nice example of a CT trade turning into an even sweeter trend change. Thank you, BOSS! This is one of the reasons I don't like targets. I like being taken for a ride!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,895
  • Sep 30, 2009 7:08pm Sep 30, 2009 7:08pm
Quoting elitejets
Hello all
Here is a nice looking chart
Nice 1 Nicola, but this setup requires a SL more than 200 pips. Anything more than 200 pips is too big for my account to handle now. Will pass it
Discipline is PRIMARY, Method is Secondary.....
  • #5,896
  • Edited 8:45pm Sep 30, 2009 7:11pm | Edited 8:45pm
Quoting Dabestone
Nice 1 Nicola, but this setup requires a SL more than 200 pips. Anything more than 200 pips is too big for my account to handle now. Will pass it
Hang on, you can reduce your $ per pip amount to trade it though - how about a micro lot?

However, congratulations for thinking LOSS before profit - a good sign that you're progressing on The Path.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,897
  • Sep 30, 2009 7:14pm Sep 30, 2009 7:14pm
Quoting elitejets
Hello all
Here is a nice looking chart
And I have got a similar pretty picture on GBPUSD so that's 2 out of the 3 speaking the same language.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,898
  • Sep 30, 2009 8:21pm Sep 30, 2009 8:21pm
Be careful, everyone, with CHF long trades, as there was another intervention by SNB last night. As you know SNB announced that they'll intervene to weaken CHF especially against EUR. Anyone wants to fight against a central bank? There are always other currencies to trade nowadays like GBPUSD, AUDUSD, EURGBP.
  • #5,899
  • Sep 30, 2009 8:29pm Sep 30, 2009 8:29pm
Quoting Blackeagle
Be careful, everyone, with CHF long trades, as there was another intervention by SNB last night. As you know SNB announced that they'll intervene to weaken CHF especially against EUR. Anyone wants to fight against a central bank? There are always other currencies to trade nowadays like GBPUSD, AUDUSD, EURGBP.
Thank you, Blackeagle. I should know better as well as I have been caught before on the wrong side of SNB's manipulations - and I didn't like it.

I don't like being on the wrong side of any Central Bank especially a very fickle one like SNB.

Thank you for the reminder, you really do bring VALUE to this thread.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,900
  • Sep 30, 2009 8:49pm Sep 30, 2009 8:49pm
Quoting Blackeagle
Be careful, everyone, with CHF long trades, as there was another intervention by SNB last night. As you know SNB announced that they'll intervene to weaken CHF especially against EUR. Anyone wants to fight against a central bank? There are always other currencies to trade nowadays like GBPUSD, AUDUSD, EURGBP.
That would explain today's wide ranging bar - I was wondering what caused that.

Why don't they just stick to making watches, knives and cheese and leave the SF alone?
15 YEARS OF PASR ON FOREX FACTORY!
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