Strat's Long Term Stress Free Trading | Page 315 | 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

  • #6,281
  • Oct 13, 2009 6:07am Oct 13, 2009 6:07am
Quoting strat
An Engulfing bar is completely different to an Outside bar.

Seems to me like you need to be on The Path of Learning instead of lurking!
Strat, with all due respect, leave your middle finger for playing the guitar.

I asked you about the difference between Outside and Engulfing bars for a simple reason. Here's what you said about them on your Web site:

Outside bars - called BUOB (Bullish outside bar) and BEOB (Bearish outside bar) on J16. Again, I stick with tradition and call them Bullish Engulfing Bars or Bearish Engulfing Bars).

Hence, when you started differentiating between them, I got curious as to why (the difference is suttle, as EBs occur when price gaps - which happens rarely in D1, let alone on W1 - mainly on Sunday Open).

--

As I am sort of "student" of yours, whether you like it or not, and since this is a public forum, let me tell you two words about The Path of TEACHING. "Respect" and "Feedback".

Don't assume someone is asking a question because he/she is dumb. Perhaps YOU didn't explain it properly.

P.S. I still like you thread.
One Chart is Worth Ten Thousand Words.
  • #6,282
  • Oct 13, 2009 7:04am Oct 13, 2009 7:04am
Quoting Blackeagle

Please choose the hard way and read from post #1, you'll not be disappointed. Hope this helps.
Have a look at my profile, Blackeagle.

And have a look at Mike, Jarroo, Bundy, Raczek and Jim himself at J16, or at Eyevoltage and Islander at Psych Level thread, i.e. at how they deal with people's questions. Also, there is a question, and there is a question...

Assume I am a dumb ass (but not completely dumb ), that I read Strat's thread and his Web site twice and still cannot understand why you took three trades in a row off 1.7000. Would/could you enlighten me on that basis? Pretty please!
One Chart is Worth Ten Thousand Words.
  • #6,283
  • Oct 13, 2009 7:08am Oct 13, 2009 7:08am
Thank you for the feedback, Blackeagle, greatly appreciated. I guess I should be more specific with my question. I was referring to D1 the then current trend. Surely we can see the bigger picture on W1, but does that mean we automatically short every touch of xx00 once the price passed it?

Of course, not, but all criteria are repeated many times in many different posts, that's why Strat insists on hard work and has similar posts as post #6241 almost on every page of this thread.

It's nothing to do with The Path of Learning.

I believe it is, sorry.

I was simply trying to understand why you went short at those specific bar. Price could (and did) range for a while around xx00.

I am not expecting that the move starts right away after I open the position, don't forget we are trading daily tf.

Why were those three bars safe entries?

All four were safe because of trend, PA, SR and even if you can include fundamentals although we are not interested in those on this thread while giving our trading decisions. Please choose the hard way and read from post #1, you'll not be disappointed. Hope this helps.
  • #6,284
  • Oct 13, 2009 7:13am Oct 13, 2009 7:13am
Quoting Forex007
Have a look at my profile, Blackeagle.

And have a look at Mike, Jarroo, Bundy, Raczek and Jim himself at J16, or at Eyevoltage and Islander at Psych Level thread, i.e. at how they deal with people's questions. Also, there is a question, and there is a question...

Assume I am a dumb ass (but not completely dumb ), that I read Strat's thread and his Web site twice and still cannot understand why you took three trades in a row off 1.7000. Would/could you enlighten me on that basis? Pretty please!
Due to a problem, I sent my last message without completing. You'll find your complete message on post #6283. Sorry for that.
  • #6,285
  • Oct 13, 2009 7:17am Oct 13, 2009 7:17am
Quoting Blackeagle
All four were safe because of trend, PA, SR.
Thank you, Blackeagle!
One Chart is Worth Ten Thousand Words.
  • #6,286
  • Oct 13, 2009 8:02am Oct 13, 2009 8:02am
Quoting Forex007
... still cannot understand why you took three trades in a row off 1.7000.
Forex007, I never said I took three or four trades in a row off 1.7000. It seems you misunderstood. I just wanted to show that following the trend, PA and SR, you can have other entry opportunities if you miss one or two, and depending on your trading style, you could choose any one of them.
  • #6,287
  • Oct 13, 2009 8:07am Oct 13, 2009 8:07am
Quoting Blackeagle
Forex007, I never said I took three or four trades in a row off 1.7000. It seems you misunderstood. I just wanted to show that following the trend, PA and SR, you can have other entry opportunities if you miss one or two, and depending on your trading style, you could choose any one of them.
Ah, go it now! Thank you!
One Chart is Worth Ten Thousand Words.
  • #6,288
  • Oct 13, 2009 8:37am Oct 13, 2009 8:37am
Hey Strat,

I've been reading your thread for about 2 weeks now and I only reached to page 90 (I don't do flash reading ) but I have learned so much by now and I keep learning every day, so first; thank you for this thread.

but the reason I write is because I have a question regarding a specific post (http://www.forexfactory.com/showpost...postcount=1302).
I know it is an old post and I couldn't PM you about this cause I'm still a junior member.. so I hope its ok to ask about it here.
I tried to analyzed the graph you posted there and I could see the PA and the S/R, the only thing that I could not understand is why you went long, both the boss MA and the daily MA were pointing down at the time.. more than that you have traded into the Boss.. now I see that those were successful trades but it is a bit of a contradiction to what was written in the first 80 something pages.. could you help me with that? I'm really struggling with this post. after reading 90 pages I thought every thing was understood but after reading this one I'm having trouble to continue..

Thank you in advance,

Rudy
  • #6,289
  • Oct 13, 2009 9:28am Oct 13, 2009 9:28am
Hello Strat,

I would like to know if you consider the "momentum" of the trend, for example currently the EURCAD Weekly trend is down but it is not a nice down trend with spaces instead it is is creeping down, swings are overlapping. How would you approach this pair at this point? Would you consider short trades considering the way THE BOSS trends? Or stand aside?

Thank you!

Attached Image (click to enlarge)
Click to Enlarge Name: weekly_eurcad.png Size: 34 KB
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #6,290
  • Oct 13, 2009 9:32am Oct 13, 2009 9:32am
Quoting Jideck
Here is my first chart.

I have entered the trade after the DSRI has been broken to the upside and then subsequently down and retested to proceed downtrend again. I have decided to only trade with the trend, I see that there is more waiting involved but it feels better.
""I have decided to only trade with the trend, I see that there is more waiting involved but it feels better.""

Finally, a light bulb moment! Now you are learning! Patience to wait for resumption of the trend, ALWAYS, ALWAYS pays off.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,291
  • Oct 13, 2009 9:48am Oct 13, 2009 9:48am
I just need to keep reading till the end before I ask questions, got the answer a few pages later (at post http://www.forexfactory.com/showpost...postcount=1391)

thanks

Rudy
  • #6,292
  • Oct 13, 2009 10:11am Oct 13, 2009 10:11am
Quoting soso
Hello Strat and all,

First things first...Many thanks to Strat for starting this great thread and sharing hiw wisdom.

I plan to be part of this thread starting from now on, been reading the index site and most of this thread (not all yet ).

My view on GBPUSD:

BOSS.
Trend is still UP. Price found support near an older SR level, around ~1.57.

Attachment

Daily.
Waiting for the Day to finish and if will be a bullish reversal bar (Pin Bar, BUOB) I will enter LONG above it.

Attachment
“”My view on GBPUSD:

BOSS.
Trend is still UP. Price found support near an older SR level, around ~1.57””

I look at your chart and see a DOWN TREND. If you draw your TL from the top left data to the top of the most recent data, what does it tell you?

“”Daily.
Waiting for the Day to finish and if will be a bullish reversal bar (Pin Bar, BUOB) I will enter LONG above it.””

I’m not in the forecasting business, but while a rally is expected, might this only be up to the Worker TL where it will hit resistance and then resume its dominant trend?

You are trading against TWO trends which is VERY HIGH RISK.

Please read, study and UNDERSTAND very carefully, Post #6290
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,293
  • Oct 13, 2009 11:06am Oct 13, 2009 11:06am
If you feel the need to trade GBP, why not look at it against the JPY?
  • #6,294
  • Oct 13, 2009 11:26am Oct 13, 2009 11:26am
Quoting strat
I look at your chart and see a DOWN TREND
Soso, that's what Strat meant (attached below).
Attached Image
One Chart is Worth Ten Thousand Words.
  • #6,295
  • Oct 13, 2009 11:37am Oct 13, 2009 11:37am
Quoting c0m4
I just need to keep reading till the end before I ask questions, got the answer a few pages later (at post http://www.forexfactory.com/showpost...postcount=1391)

thanks

Rudy
I'm very glad you found the answer for yourself. Keep reading and UNDERSTANDING.

Might I suggest to all on The Path of Learning that they write their questions down somewhere and if they are not answered later in the thread, THEN ask them here.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,296
  • Edited 1:18pm Oct 13, 2009 12:19pm | Edited 1:18pm
Quoting soso
Hello Strat,

I would like to know if you consider the "momentum" of the trend, for example currently the EURCAD Weekly trend is down but it is not a nice down trend with spaces instead it is is creeping down, swings are overlapping. How would you approach this pair at this point? Would you consider short trades considering the way THE BOSS trends? Or stand aside?

Thank you!

Attachment
“”I would like to know if you consider the "momentum" of the trend””,

This tells me you have NOT read the thread which explains your lack of trend recognition skills. Before going any further, if you want to improve your trading, you MUST go to the beginning of The Path of Learning as others here before you have done.

Had you read the thread, you would know I have been doing exhaustive studies of momentum and cycles, much to my frustration.

I am tempted not to answer your questions and instead tell you to go to the beginning of The Path of Learning but for others on here, will go ahead.

“”currently the EURCAD Weekly trend is down””

It is “down” within the longer term “UP” trend. The BIG BOSS is in an “UP” trend.

“”but it is not a nice down trend with spaces instead it is creeping down, swings are overlapping.””

Let’s do some role playing here. Pretend you are in a canoe with a paddle – you are now the “trend”. You are in a raging white water river flowing downstream while you are paddling upstream. How do you feel Mr. Trend?

“”How would you approach this pair at this point?””

I would wait for harmony across all time frames before entering any trade. You obviously have not read my post on the Higher Order of Timeframes.

I hope this advice helps you but my best advice is to go to the beginning of The Path of Learning as others here before you have done.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,297
  • Oct 13, 2009 1:15pm Oct 13, 2009 1:15pm
No words need be spoken

No words need be written

Just follow The Red Brick Road
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.gif Size: 42 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,298
  • Oct 13, 2009 1:36pm Oct 13, 2009 1:36pm
The day is not finished yet...but here's the update for EURUSD:

1.48 is confirming as a strong resistence, in the last days the pair has tried to break this level...without success for now...and without particular PASR...

But on my data feed the candle that will close in about 2,30 hours COULD BE a shooting star (expecially if it will close under 1.48 level).

BUT this is a COUNTER TREND signal...so i'm not suggesting to trade the shooting star (if it will forms...), but it can be a good thing to move the stop under today's candle for those who are long on EURUSD.

The trend is still LONG...and IF price will close with a shooting star probably we will see a retrace in the next days...but who knows?? Only the market knows...

This is my view...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1gif.gif Size: 14 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #6,299
  • Oct 13, 2009 1:49pm Oct 13, 2009 1:49pm
I know this may sound "Cheesy" but we have been here before.

Where?

Here! for 4 weeks testing this support

It didn't look strong enough before but...............................................

And, what is EURUSD doing?

Let me guess, testing resistance?

Good lad, you will go far - the further the better!
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 35 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,300
  • Oct 13, 2009 1:51pm Oct 13, 2009 1:51pm
Quoting Chris_B
The day is not finished yet...but here's the update for EURUSD:

1.48 is confirming as a strong resistence, in the last days the pair has tried to break this level...without success for now...and without particular PASR...

But on my data feed the candle that will close in about 2,30 hours COULD BE a shooting star (expecially if it will close under 1.48 level).

BUT this is a COUNTER TREND signal...so i'm not suggesting to trade the shooting star (if it will forms...), but it can be a good thing to move the stop under today's candle for those...
""This is my view...""

And it is a GOOD view - you are progressing well, young man!
15 YEARS OF PASR ON FOREX FACTORY!
4 traders viewing now