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Strat's Long Term Stress Free Trading

  • #6,681
  • Oct 21, 2009 6:23pm Oct 21, 2009 6:23pm
Quoting mstandifer
Strat, I know you said you deleted this pair from your charts but tell me (and be honest) that you haven't sneaked a peak.

In keeping with this thread's vernacular, I'd have to say, this is one tight pair...
NO, it's gone, it's history on my watch list
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,682
  • Oct 21, 2009 6:28pm Oct 21, 2009 6:28pm
Quoting soso
Yeah, it looks like Ms Market pooped all over my plan in the last 2 hours before close, especially on my Shooting Stars!. On both pairs the Shooting Stars dont look good anymore after my feed closed. At least to me!

Anyhow I'll stand aside and wait for more, didnt take ONE trade since started to practice Strat's PASR method. Still waiting for that fat ca$h

P.S. Maybe I'm not quite evil enough? Anyways good nite, I'm on the other side of the world, 24:00 here, see you all tomorrow.
Everyone: Make sure you understand what the candles are now saying. If you don't understand, STAY OUT.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,683
  • Oct 21, 2009 6:32pm Oct 21, 2009 6:32pm
Quoting bigboss
Actually, that is my pair...
Entered long @ 142.021 on October 13 and still holding......lets see tonite... trailing stop placed @ 150.00, expecting to reach 153 or around.

I like this pair because one single right and careful trade can justify the pips of a hole month. (at least for me...)
BUT, it is also a double edged sword and most of the people I know with that strategy have bled to death!
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,684
  • Oct 21, 2009 6:37pm Oct 21, 2009 6:37pm
Quoting patrick25
[font=Arial][color=blue]Goodaye Strats, Just dropped bye to see how you guys are doing, savaged, ravaged & spit out.. not at all cobber... i've been learning a lot from another thread also based on trading the daily timeframe.. i'm obviously learning very little here based on my previous view on the direction of the GJ but based on what i have learnt since then, here is my current view, write this down, SELL GJ @ 148.00, TP 141.00... hang on for the ride guys!

[i][b][b][i][color=red][font=Arial][size=4]So,...
Hi Strat,

When I see all the yen crosses made a big move and printed out small candles after the big move, I saw his post selling @ 148. I said to myself this guy in trouble Strat gonna get you($$). Lesson learn guys see beyond candles.[/quote]

When I see all the yen crosses made a big move

Another step forward for Patrick - good lad - this is THE CORRELATION we need to pay attention to.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,685
  • Oct 21, 2009 7:34pm Oct 21, 2009 7:34pm
Quoting strat
Naws in answer to your question to Cosmo on GBPUSD, I'm guessing it's Indicator trading using the same guys that took me to the cleaners so long ago!

Oscillators and other indicator crap get trapped at their extremes when PRICE continues to trend - their formulae cannot handle trends and lead newbies and people like cosmo into blown accounts.
Thanks Strat, I figured its either indicators or noise from lower tfs.
  • #6,686
  • Oct 21, 2009 8:07pm Oct 21, 2009 8:07pm
Quoting elitejets
Technically it behaves quite well, its just a real mover.
It has stopped tonight at the 50fib level (which Mrs Watanabe watches) and the 6April swing high at 151.50
I would recommend starting at half your usual stake size with this one while you learn to appreciate it.
Hi Nicola

You have got the knowledge and experience to tackle this pair. I will just observe at the moment.

Good trading.
Jideck
  • #6,687
  • Oct 22, 2009 8:46am Oct 22, 2009 8:46am
hi ,Strat

looking forward to follow and participate in your tread,

regards, Bruce lee
  • #6,688
  • Oct 22, 2009 9:28am Oct 22, 2009 9:28am
Hi Strat

Thanks for the comments regarding the above, I have been a way for a few days so was unable to respond any earlier, but here goes...

BIG BOSS
Strong move down over the last couple of months since breaking through major support at 2.0 and has moved strongly through lowest ever price of 1.87 (back in early 1996) so now in new territory. Initial strong move down in Oct but has retraced over last couple weeks.

BOSS
Into the second week of upmove, price reversed at 1.74, bulls showing more strength than they have done for the last 13 weeks.

WORKER
Retraced back to 20 yesterday and bounced off it, seems to be moving back up there today. Bounced off the 50% fib of last swing at the end of last week but has then moved on again & is approaching 61.8%. Maybe end of downtrend if 61.8% taken out (but maybe not). May find resistance at 1.81 but will have to wait & watch (as the wise man says)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpaud big boss.gif Size: 27 KB
Click to Enlarge Name: gbpaud boss.gif Size: 17 KB
Click to Enlarge Name: gbpaud worker.gif Size: 17 KB
Wise men say only fools rush in ...
  • #6,689
  • Oct 22, 2009 9:57am Oct 22, 2009 9:57am
Quoting Arnyboy
Hi Strat

Thanks for the comments regarding the above, I have been a way for a few days so was unable to respond any earlier, but here goes...

BIG BOSS...
Much better. Does that give you a better idea of what the pair is doing or does it just confuse you more?
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,690
  • Oct 22, 2009 9:59am Oct 22, 2009 9:59am
We have been waiting to see how EURUSD reacted to psycho 1.5000 and now we have her answer
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,691
  • Oct 22, 2009 10:36am Oct 22, 2009 10:36am
Just thought I would post how the Indicator crowd are handling the trends - as you can see - they are being taken to the cleaners!

Need any more proof on why wiggly squiggly lines are liers, cheaters, laggers, thieves, account busters, heart breakers, stress causers etc, etc?

Oh, if you think the cross over on the Stochastic looks good - think again! That actual cross of the wiggly line is not printed until after the bar that causes it to cross, closes (prints). In other words, you will ALWAYS be behind PRICE and ALWAYS lagging PRICE ACTION.

Sure, there are times when the indicators coincide with PRICE but that is not very common and it is usually because PRICE is taking a rest (pause), allowing the indicator to catch up.

INDICATORS ARE ALWAYS PLAYING CATCH - UP!

If one followed the wiggly squiggly line, how would one determine whether it was lying or telling the truth? Who knows?

PRICE KNOWS and those of us that UNDERSTAND PASR KNOW
Attached Image (click to enlarge)
Click to Enlarge Name: examples of laggers, lyers & cheaters.gif Size: 41 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,692
  • Oct 22, 2009 11:16am Oct 22, 2009 11:16am
Looks like your favourite pair are making a run at 92.30 again.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,693
  • Oct 22, 2009 11:28am Oct 22, 2009 11:28am
Quoting strat
Much better. Does that give you a better idea of what the pair is doing or does it just confuse you more?
Hopefully not too confused but i know you'll correct me if I'm wrong

I will be watching PA at 1.81, if it breaks up watch for a move upto last swing high & then maybe onto 1.87, if it meets resistance at 1.81 maybe a move back down to 1.74 or lower..?
Wise men say only fools rush in ...
  • #6,694
  • Oct 22, 2009 11:29am Oct 22, 2009 11:29am
Quoting strat
Looks like your favourite pair are making a run at 92.30 again.

Indeed, I see a roadblock at 91.70, though. Hopefully just a temporary one for those long - or a nice testing ground for those looking to trade it fresh, one way or the other. I am not a seller, however.
  • #6,695
  • Oct 22, 2009 11:42am Oct 22, 2009 11:42am
Quoting Arnyboy
Hopefully not too confused but i know you'll correct me if I'm wrong

I will be watching PA at 1.81, if it breaks up watch for a move upto last swing high & then maybe onto 1.87, if it meets resistance at 1.81 maybe a move back down to 1.74 or lower..?
Good - watch what the Worker does at 1.76 for further clues within the BOSS action
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,696
  • Oct 22, 2009 11:43am Oct 22, 2009 11:43am
Following up on my “So who took cosmo’s trades” and the poor/lack of response, I am left with the following conclusions:

1) Nobody reads the thread anyway

2) Nobody has the balls to own up that they took them

3) Those on The Path didn’t take them

Hopefully it was only the lurkers, freebie collectors, free lunchers, signal collectors, trade collectors, etc., who took the bait.

Apart from Patrick and Jidek who confirmed they didn’t, I would like to think ALL those on The Path had the DISCIPLINE to stay with the teachings on this thread.

In hindsight, it was a terrific test of will power and I’m a little annoyed with myself that I didn’t think up such a cunning scheme for test!
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,697
  • Oct 22, 2009 12:18pm Oct 22, 2009 12:18pm
Quoting strat
Following up on my “So who took cosmo’s trades” and the poor/lack of response, I am left with the following conclusions:

1)Nobody reads the thread anyway

2)Nobody has the balls to own up that they took them

3)Those on The Path didn’t take them

Hopefully it was only the lurkers, freebie collectors, free lunchers, signal collectors, trade collectors, etc., who took the bait.

[font=Arial]Apart...
No trade here thanks Strat. Working through the thread and happy to say the "Stress Free" part of your teachings are sinking in.

I'm only really at the stage of trading the really obvious setups if they aren't A+ then I stay out. Learning all the time so thanks again.
  • #6,698
  • Oct 22, 2009 12:22pm Oct 22, 2009 12:22pm
Quoting jag1966
No trade here thanks Strat. Working through the thread and happy to say the "Stress Free" part of your teachings are sinking in.

I'm only really at the stage of trading the really obvious setups if they aren't A+ then I stay out. Learning all the time so thanks again.
Good lad, E-Type!
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,699
  • Oct 22, 2009 12:30pm Oct 22, 2009 12:30pm
I did not take the GBPJPY trade but didn't mention it because I figured saying you didn't take if after the fact would just look like you did and were trying to save face.

After price broke up thru 147.50 and closed above 148.00 the die had already been cast. If the hammer on the 19th above support wasn't enough then as soon as price gunned the Boss 20 that should have been enough. I would even consider buying a retest bounce off of the Boss 20 for an atm trade back up to 151.00

I read this thread all day every day just about (fortunately my job allows that...sorta). This thread is definitely worthwhile.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 140 KB
  • #6,700
  • Oct 22, 2009 12:37pm Oct 22, 2009 12:37pm
Quoting mstandifer
I did not take the GBPJPY trade but didn't mention it because I figured saying you didn't take if after the fact would just look like you did and were trying to save face.

After price broke up thru 147.50 and closed above 148.00 the die had already been cast....
I read this thread all day every day just about (fortunately my job allows that...sorta)

Don't let your boss catch you!

More important - be very careful with your DSRI supply lines - the one to the extreme left of the chart is DEAD & BURIED - that is OLD supply superceded by current supply.
15 YEARS OF PASR ON FOREX FACTORY!
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