Strat's Long Term Stress Free Trading

Correct - DSRI Supply always slope down.

Dan is just trying to identify support using past past supply points

Everyone get out your "The End Is Near" sandwich boards and start walking the streets?!?!

S&P500 Today's close.

There's a better, more relevant line from the last 3 swing lows in my opinion. I don't have S&P500 so i could easily be wrong though.

my opinion;
for ucad I am watching 109 as few others. I was in,long, and watched price at 106.80 ,but as there was no clear sign of reversal, I cont.(specially the trend line was broken).also I am watching 107.95 (almost near today's close) as there is no sign of reversal so i am still in.if 109 is broken 110.60-111.00 is worth of breathing.

USJPY is bearish untill other signs show up.it made clear bottum before at 88.70 need to be watched carefuly before reaching there .(the historical L at 79.75,but long way to talk about it unless bot.is breached).

i think its clear we are in dollar move.but the only currency is the BP. should it continue the journey?

Great find mstandifer! Didnt check the indexes in quite a while. Also have a look at Weekly DSRIs, guess where it bounce from.

Have you seen the general weakness against the dollar in the majors? EURUSD, AUDUSD & NZDUSD all broke their Weekly bullish DSRIs.

The Week isnt done yet and its too early to draw a definite conclusion but the weakness against the dollar is obvious.

before any comment, i mean dollar move for most of the curruncies..(except jpy).

The Fat Lady hasn't appeared yet since the immediate DSRI demand is still in control.

Anyone who has been on this thread for a while will probably recognize me from around the middle of the thread. I used to post here regularly, life took me away for a while. I have read the thread all the way through to the point where I quit posting at 2 times, and am currently re-reading the entire thread.

In post http://www.forexfactory.com/showpost...postcount=4211
Strat issued an open invitation for a beginner volunteer to trade the simple method of trading. I PM'ed him and volunteered to trade this method and document it on this thread. This will be similar to a trading journal inside this thread.

Now on to the trading rules. I will trade from first support/resistance to first resistance/support. As I am a beginner I will only be trading shooting stars and hammers as PASR. My maximum risk is 3% at any given time at risk. I can trade a penny/pip with my broker, so I should be able to take most setups.

The pairs I will trade are the following:

EUR/USD
USD/JPY
USD/CAD
GBP/JPY
EUR/CHF
GBP/CHF
EUR/JPY
AUD/USD
EUR/GBP
GBP/USD
USD/CHF

The reason for picking these pairs is I have data going back to at least 1989 on all of these, some going back further. The others I have left off I did not have much data or my trading account does not offer the currency.

The amount I will risk per trade will be the smallest amount I can risk, while keeping my stops in the preferred place (below the hammer/above the shooting star). As I make gains I will slowly increase this amount untill I am risking the above stated maximum risk. I will post my trades as I enter my orders, and will not check on it till the close of the next daily candle. Take profit will be entered and respected as I put in my orders. And I will state the reason for taking the trade, % risked.

At the close of the trade, I will post % gained if that is acceptable with Strat. I will never post pip counts as per the thread rules. I will also keep a running total of trades taken total, as well as monthly trades and percentage gained/loss (preferably gained )

The only changes I will make is, if it is a counter trend trade I will move to break even at the close of the next daily candle. If you see me making stupid trades please tear into me . I am here to learn and hopefully demonstrate the profitability of Strat's method. Any suggestion of any other stats to track, or anything else to add to each trade will be greatly appreciated.

This thread is pure gold, I have known that from the time I started reading it. I hope I will add to the knowledge in this thread by trading, and posting the results.

rgrace

Hi All,

Euraud update: this pair has made double bottom with strong bull candle on worker. Now let it proves it wants to go up, it has 500 pips to prove from bottom to first resistance 1.6500-50.

For those that remember, young Mr. Grace has a lot of common sense and logic - now let's encourage him to control the 95% that can do the REAL damage.

My deepest appreciation for doing this naked and before everyone's eyes.

AUDCAD – so, did you take notice of posts #6912 and #6913

Bloody Nora - that's one hell of a waltz, Matilda!

I'm going to have to get out my Dancing Shoes (Cliff Richard & The Shadows 1961) for this!

Well, I am not completely NAKED. I have my MA's to hide behind, but I have no shame

Bravo rgrace - I'll watch with avid interest and best of British to you too old boy!

Testing, testing

Houston, is there a problem?

AUDJPY
AUDUSD
CADJPY
CHFJPY
EURCAD
EURJPY
EURUSD
NZDJPY
USDCHF

That spike / rally was in the last three hours to be fair because of the Bank of New Zealand rate statement. Widely expected to raise rates along with Australia the NZ government disappointed and did not give any hints about raising rates soon.
The market had priced in a hike ...
I might let this one calm down, having said that I dont see much resistance there until 1.2650

By the time I find my dancing Shoes it will have calmed down - maybe even died!

EURAUD too I think

Three Times A Lady or The Peppermint Twist?

Amazing how the charts prompt song titles

And a couple of others - I can't do all the work - got to leave some for others!