Strat's Long Term Stress Free Trading | Page 305 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

M5 PASR Trend Trading Strat 95 replies

What you need for trading: indis, a strat & good music 27 replies

Another way to stress free, mechanic long term trading 29 replies

Short Term / Medium Term / Long Term? 3 replies

Attachments: Strat's Long Term Stress Free Trading
Exit Attachments

Strat's Long Term Stress Free Trading

  • #6,081
  • Oct 5, 2009 10:44am Oct 5, 2009 10:44am
Again, I don’t understand funny mentals – there is no logic in it for my simple mind to understand. All I need to know is that if price goes from 1.5000 to 1.5050, there are MORE BUYERS than sellers.

I don’t read financial newspapers, magazines or anything remotely connected with finance or business. I don’t watch much TV, only CNN News, ABC World News and BBC News America and walk out when they discuss the markets.

I don’t look at Bloomberg, Reuters online or other online financial sites. (That’s why Blackeagle had to tell me about SNB and EURCHF and why Nicola (elitejets) is our EVENTS CO-ORDINATOR).

I have no respect or time for talking heads and analysts in general.

Remember, all these people are part of the media conspiracy – they are paid to SELL NEWS. If there is no news, they INVENT news. They have to be saying something otherwise they would be out of a job.

When I used to watch financial programs, the analysts made me laugh in the different reasons they used to conjure up as to why a market went up or down. It went up because Crude went up – however, nobody ever challenged them with “WHY” – why did Crude go up?

It quickly became apparent to me the game that was being played and that the obvious was too obvious for them to realise.

It went UP because there were MORE BUYERS than sellers

It went DOWN because there were MORE SELLERS than buyers.

However if you were a financial show host or analyst and said that, how long do you think you would keep your job? The public LOVES to see emotion, blood, carnage, accidents, death, destruction, etc.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,082
  • Oct 5, 2009 11:40am Oct 5, 2009 11:40am
Quoting strat
Mucho opportunities this week-end amigos!
Make sure you choose the strongest pairs!
Which means ... when you looked at all those XXXJPY hammers you all picked NZDJPY right???? Or CADJPY ...
  • #6,083
  • Oct 5, 2009 12:38pm Oct 5, 2009 12:38pm
see if this works
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 19 KB
  • #6,084
  • Oct 5, 2009 12:41pm Oct 5, 2009 12:41pm
Enlightenment!!
Attached Image (click to enlarge)
Click to Enlarge Name: eg.gif Size: 21 KB
  • #6,085
  • Oct 5, 2009 1:01pm Oct 5, 2009 1:01pm
Quoting elitejets
Which means ... when you looked at all those XXXJPY hammers you all picked NZDJPY right???? Or CADJPY ...

Didn't get any NZD/JPY, i was a little uncomfortable with the 65 level so close.

I did get some AJ and CJ though.
  • #6,086
  • Oct 5, 2009 1:13pm Oct 5, 2009 1:13pm
I Swear its the last one...I dont wanna clutter your thread. Hey Strat!
Attached Image (click to enlarge)
Click to Enlarge Name: gc.gif Size: 21 KB
  • #6,087
  • Oct 5, 2009 4:14pm Oct 5, 2009 4:14pm
Quoting DeadCowboy
see if this works
What on earth are you looking (hoping) to work?
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,088
  • Oct 5, 2009 4:17pm Oct 5, 2009 4:17pm
Quoting DeadCowboy
I Swear its the last one...I dont wanna clutter your thread. Hey Strat!
''I dont wanna clutter your thread.''

That's OK but don't just post a chart - explain WHY you posted the chart - what do YOU think its going to do and WHY.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,089
  • Edited 5:41pm Oct 5, 2009 5:26pm | Edited 5:41pm
Quoting strat
Again, I don’t understand funny mentals – there is no logic in it for my simple mind to understand. All I need to know is that if price goes from 1.5000 to 1.5050, there are MORE BUYERS than sellers.

It went UP because there were MORE BUYERS than sellers

It went DOWN because there were MORE SELLERS than buyers.
I don't often read this thread but I do recall reading that you like to throw curveballs at your audience to check if they're still paying attention. I assume this is one of them?
  • #6,090
  • Oct 5, 2009 6:19pm Oct 5, 2009 6:19pm
This is for trading H1 - 14 HOURS glued to the one eyed monster

THEN, surprise, surprise, 2 losing trades

What do you expect after stressing yourself for 14 hours?

Apr 29, 2009 2:59am
http://cdn.forexfactory.com/nfs/cust...tar43670_3.gif M.A.C.Doug
4th year apprentice trader
Member Since Jul 2007
http://www.forexfactory.com/images/misc/4kt.gif 661 Posts

http://cdn.forexfactory.com/images/icons/icon1.gif
I watched the market for over 14 hours yesterday trying to catch the breakout. I was very patient and only took 2 positions and both were fakeout losers. The market broke out into an uptrend after I went to bed and I completely missed it.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,091
  • Oct 5, 2009 7:10pm Oct 5, 2009 7:10pm
I only put up chart because another FF member asked for a visual. As in "I hope this works", that is in reference to the moderators and thier letting me post pics so soon. Sorry bout that, I'll keep to myself.
Anywho, To any and all out there, price action, volume, and patience are the key to success, It's definately my bread and butter. I hope I am still welcome to interact with you all here. minus the charts.
  • #6,092
  • Oct 5, 2009 7:19pm Oct 5, 2009 7:19pm
I only posted the two charts because another member asked to see them. And as far as the " See if this works" statement, it was in reference to the admin. posting the charts so early in my FF posting venture. Usually they make you wait longer. Anyways, I'll keep to myself for now, but hope to contribute in the near future.....and YES, I am a little sensitive. I guess it comes from raising 4 daughters...uuggghh.
  • #6,093
  • Oct 5, 2009 8:23pm Oct 5, 2009 8:23pm
Quoting DeadCowboy
I only put up chart because another FF member asked for a visual ...
I am the one asking for a visual, because you said "a support line on UJ from May 28 to Sept 21", and I couldn't draw it even with different servers (brokers) so I just wanted to see you chart, and after seeing the one you posted, it seems the dates you indicated are wrong (should have been May 21 low to Sept 27 low to draw the descending wedge you showed us).
  • #6,094
  • Oct 5, 2009 9:38pm Oct 5, 2009 9:38pm
Quoting Blackeagle
I am the one asking for a visual, because you said "a support line on UJ from May 28 to Sept 21", and I couldn't draw it even with different servers (brokers) so I just wanted to see you chart, and after seeing the one you posted, it seems the dates you indicated are wrong (should have been May 21 low to Sept 27 low to draw the descending wedge you showed us).
sorry, ill do better next time, anywho, open on 4 trades using simple price action methods and all are green, so, for anyone who doubts nakedness, YOU ARE WRONG. Listen to strat and friends because they know. DO NOT cloud your brains with indies and far out systems, if you do you will never know the true world of FOREX. And YES you can make a very nice living as long as you aren't to "DOY" about it all. I started this 17 years ago with 2 grand and proper advice and teachings, I wasn't hard headed and I listened. I learned. Maybe too much as my brain has forgotten at least 70%, lol, but maybe that made it better to hone in on the important parts. I promise to be a better contributor in my future posts and hopefully to help any who may be in need....Im out!!
  • #6,095
  • Oct 5, 2009 9:59pm Oct 5, 2009 9:59pm
Quoting DeadCowboy
sorry, ill do better next time, anywho, open on 4 trades using simple price action methods and all are green, so, for anyone who doubts nakedness, YOU ARE WRONG. Listen to strat and friends because they know. DO NOT cloud your brains with indies and far out systems, if you do you will never know the true world of FOREX. And YES you can make a very nice living as long as you aren't to "DOY" about it all. I started this 17 years ago with 2 grand and proper advice and teachings, I wasn't hard headed and I listened. I learned. Maybe too much as my...
Hey John Wayne, tell us about your 4 successful trades and maybe post charts on those. Thanks.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,096
  • Oct 5, 2009 10:23pm Oct 5, 2009 10:23pm
"It went UP because there were MORE BUYERS than sellers

It went DOWN because there were MORE SELLERS than buyers."

It makes sense to keep trading to its core. The more news and indicators we have, the harder we can believe in what we see and captialize on it. I guess having too many choices is the problem more than having no choice!

Still learning, and aborbing

Fuman
  • #6,097
  • Oct 6, 2009 7:41am Oct 6, 2009 7:41am
I'm not too "up" on all the urban talk, so could you explain what you mean by:

Quote
And YES you can make a very nice living as long as you aren't to "DOY" about it all.

Thanks.
  • #6,098
  • Oct 6, 2009 8:39am Oct 6, 2009 8:39am
[quote=strat;3118076]Again, I don’t understand funny mentals – there is no logic in it for my simple mind to understand. All I need to know is that if price goes from 1.5000 to 1.5050, there are MORE BUYERS than sellers.


Hello Strat and all on this thread,

My name is Pandu; in Melbourne Australia and I've just joined this forum. This kind of Price Action trading is what I have always instinctively felt is the right way. Although I have read, studied and tested systems with lots of complicated indicators, nothing was satisfactory. A little voice in the corner of my head kept muttering 'Trading is crowd behaviour, crowd psychology, and price is the measure of the crowd's actions.' Price action = the mind of the market.
I slowly dropped off most indicators, left only with MA lines. Now after reading Strat's philosophy on this thread, you're right, I don't need the MA to tell me what the trend is. Even the squiggly lines have gone and I feel liberated!!

I was referred here by Nicola (Elitejets); very grateful for that link.

Strat, there is a small catch to your quote above: There cannot be more buyers than sellers, (or vice versa) since for every transaction there is one buyer and one seller. I guess what you mean to say is that when prices go up buyers are more aggressive in bidding the price up, and when prices go down its because sellers are afraid and willing to ask lower to sell.
  • #6,099
  • Oct 6, 2009 10:05am Oct 6, 2009 10:05am
[quote=chanak;3121401]
Quoting strat
Again, I don’t understand funny mentals – there is no logic in it for my simple mind to understand. All I need to know is that if price goes from 1.5000 to 1.5050, there are MORE BUYERS than sellers.


Strat, there is a small catch to your quote above: There cannot be more buyers than sellers, (or vice versa) since for every transaction there is one buyer and one seller. I guess what you mean to say is that when prices go up buyers are more aggressive in bidding the price up, and when prices go down its...
Have to watch this with Shares though as there are sometimes 'lenders' in the market. Some big MMs and Brokers will have a pool of shares waiting to be traded. These shares can be 'lent' to CFD traders or sold to buyers. Are these 'dormant' shares already purchased by the broker or 'lent' on condition of sale by the company issuing the shares?

In Forex I would imagine that this wouldn't be the case as it's a Zero-Sum game - two sides to the transaction?

Do we really need to know 'why' a bull bar has appeared on a chart though? How will the reasoning behind that bar's appearance help us as Technical Traders? No doubt, people will write about the 'reason' in the next edition of their paper or website etc. I don't see that reasoning as making a difference - it either offers an edge acording to your trading plan/rules or it doesn't.

I'm really trying to simplify this for my own good and to help others so they don't go on some fruitless quest into trying to understand the market when all they need (and me) is to understand the chart.
Trade less and become more profitable!
  • #6,100
  • Oct 6, 2009 10:18am Oct 6, 2009 10:18am
Quoting DeadCowboy
I only put up chart because another FF member asked for a visual. As in "I hope this works", that is in reference to the moderators and thier letting me post pics so soon. Sorry bout that, I'll keep to myself.
Anywho, To any and all out there, price action, volume, and patience are the key to success, It's definately my bread and butter. I hope I am still welcome to interact with you all here. minus the charts.
""I hope I am still welcome to interact with you all here.""


Of course you are, John Wayne!
15 YEARS OF PASR ON FOREX FACTORY!
5 traders viewing now