Strat's Long Term Stress Free Trading | Page 356 | 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

  • #7,101
  • Oct 30, 2009 3:02pm Oct 30, 2009 3:02pm
Quoting rgrace
After thinking about this trade, and a restless night's sleep....
Young Mr Grace - always remember, if you have any doubt, STAY OUT! Even 1% of doubt will grow - those little guys will make sure of it!

So, two posts in and this is already proving to be very valuable for YOU and others with regard to the power of our trading psyche and the need to control our emotions.

Good job!
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,102
  • Oct 30, 2009 3:09pm Oct 30, 2009 3:09pm
Quoting swingtrade65
Agreed, perspective is everything, I shorted a 1/2 lot back on 10/26 with the first ragged SS bar and got lucky today and they gave me the other half right in front of the high....now we sit on our hands and wait
now we sit on our hands and wait

This is the hardest part of trading - identifying and entering the trade is the easy bit - keeping the head and mind games under control is an art in itself.

This is why the PLAN is SO important - make your PLAN and walk away from the trade UNTIL your PLAN tells you to act.

PATIENCE & DISCIPLINE
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,103
  • Oct 30, 2009 3:23pm Oct 30, 2009 3:23pm
Post #6995

Am I reading the script laid out before us or is the market reading my thread?

If only!

A very nice test of support / resistance on these pairs today - this MUST tell us something eh what, Watson?
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,104
  • Oct 30, 2009 3:52pm Oct 30, 2009 3:52pm
We have the spearmint candles

We have horizontal lines

We have a diagonal line

Now, can we get beyond this and SEE what the market is telling us?

I wasn’t going to say anymore but the parallel with pantomimes is just too much to ignore:

Oh yes, I will

Oh no, you won’t

Oh yes, I will

And the next line is……………………………………………….?
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 29 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,105
  • Oct 30, 2009 3:57pm Oct 30, 2009 3:57pm
Quote
now we sit on our hands and wait
This is the best part.....it should be fun to see how it works out although I have some pretty good ideas for the pair if it should ask!

 

  1. The last swing low on the weekly is .8794

  1. I have a SR line @ .8833 done with a line chart that has been touched/respected about 7 times since 2006
  2. If you look at the Fib retracements for this last entire weekly move from the low of .7166 on 10/5/08 to the high this week @ .9137 guess where the .382 retracement is.....drum roll please .8821
  3. That gives us a trifecta target of .8800-.8850
  4. Nothing left to do but the hardest part......manage the trade

Plan, Prepare, Execute, Repeat
  • #7,106
  • Oct 30, 2009 4:13pm Oct 30, 2009 4:13pm
it seems like dollar move in action again.stopped in EU, but UCAD is doing well.
  • #7,107
  • Oct 30, 2009 4:19pm Oct 30, 2009 4:19pm
Quoting swingtrade65
This is the best part.....it should be fun to see how it works out although I have some pretty good ideas for the pair if it should ask!

 

  1. The last swing low on the weekly is .8794

[list][*]I have a SR line @ .8833 done with a line chart that has been touched/respected about 7 times since 2006[*]If you look at the Fib retracements for this last entire weekly move from the low of .7166 on 10/5/08 to the high this week @ .9137 guess where the .382 retracement is.....drum roll please .8821[*]That gives us a trifecta target of...

As we discussed the other day, commodity currencies and especially “double header” ones have a nasty habit of throwing curve balls and hanging around their extremes to test our resolve.

Our more cautious readers will want to wait for a strong close below 0.9640 before getting out their wallets.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,108
  • Oct 30, 2009 4:29pm Oct 30, 2009 4:29pm
Quote
As we discussed the other day, commodity currencies and especially “double header” ones have a nasty habit of throwing curve balls and hanging around their extremes to test our resolve.

Our more cautious readers will want to wait for a strong close below 0.9640 before getting out their wallets.

You are absolutely correct sir.....definitely not for the faint of heart .....but since I already have a position, I will add below .9640 since a break of that area will most likely create a vacum below it for some nice gains
Plan, Prepare, Execute, Repeat
  • #7,109
  • Oct 30, 2009 5:05pm Oct 30, 2009 5:05pm
As I mentioned before, I'm fortunate that my work allows (sorta) me ample opportunity to study. I've read all the way from Post #1 to Post #7108.

I've paid good money and lots of it and didn't learn the things taught in this thread. I've said it before but I'll say it again. Thank you Strat for not just starting this thread, but for the tenacity to keep it going. Thank you Blackeagle and other experience posters for sharing what you know.

This was such a good read. It was so good, I'm going to read it again.

Seriously, there were some very good pieces of information that there is no way I'll remember it all first time through and be able to apply it. I'm going to spend more time with F12 this time through.

Regarding F12. It's very annoying to only be able to see the bars at the very far right of the screen...hard to see the wicks. Did you know...that you can use strategy tester and choose any EA (doesn't matter cuz we don't even see it), set the time frame to Daily, check the visual box and where it has the model drop down...just select open prices only. When you click start, the data appears where it does normally (about 3 inches from the right of the screen instead of all mashed up at the far right edge) and you can press F12 and it appears one daily bar at a time. Magic.

Now...page 1.

-m
  • #7,110
  • Oct 30, 2009 7:52pm Oct 30, 2009 7:52pm
LOL - When I said I expected volitility -- that was an observation, not a request! So nice of EURUSD to close right on the high from last December. What a gift to kick off the Holiday season. HO HO HO
  • #7,111
  • Oct 30, 2009 10:50pm Oct 30, 2009 10:50pm
Strat, would you consider a SS on the Big Boss to trump all other T/Fs?
If the answer is yes, I might put this in the bottom draw and forget about it for 6 Months.

Roy
Attached Image
Polishing my crystal ball
  • #7,112
  • Oct 30, 2009 11:15pm Oct 30, 2009 11:15pm
Quoting strat
We have the spearmint candles
Oh yes, I will

Oh no, you won’t

Oh yes, I will

And the next line is……………………………………………….?
So my take on this is despite any wishy washy bars or moves by MM, it's still going to go where it was headed to begin with? Daily shenanigans are just that...noise?
  • #7,113
  • Oct 30, 2009 11:21pm Oct 30, 2009 11:21pm
Quoting strat
And the next line is……………………………………………….?
Ok, I guess I will.
  • #7,114
  • Oct 31, 2009 4:28am Oct 31, 2009 4:28am
Quoting soso
Thanks Blackeagle, I assume you took those level out of Daily?

EDIT: One more question, you said the major leves you get them out of Weekly. Do you also pinpoint them on Daily afterwards? Thanks!
Yes to both questions. I drop down to daily and fine tune them.
  • #7,115
  • Oct 31, 2009 5:48am Oct 31, 2009 5:48am
My 2 cents on EURUSD

The BOSS is telling on my data feed DHLC...so it means "caution"...

The trend is obviously still long because "it goes up until it stops to go up"... but this week could alert us for a retrace...probably to the 1.43/1.44 area...meaning a lose of momentum for the up trend...but this is a pure supposition...
If EURUSD will break that level...we could start to think short...
Anyway...my demand DSRI has not been broken at the moment...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdboss.gif Size: 16 KB
Market is like a puzzle, YOU have to fit the pieces!!
  • #7,116
  • Oct 31, 2009 6:06am Oct 31, 2009 6:06am
I want to share my (unclear) view on audcad.
Look to the picture for the past examples that are more similar to the present situation. This lookalike shooting star maybe need more confirmation on the worker before being palyed downward.
A question for the expert. What if near this key levels would we play a stop and reverse?

Ramon
Attached Image (click to enlarge)
Click to Enlarge Name: acj31102009.gif Size: 33 KB
  • #7,117
  • Oct 31, 2009 8:12am Oct 31, 2009 8:12am
Quoting swingtrade65
This is the best part.....it should be fun to see how it works out although I have some pretty good ideas for the pair if it should ask!

 

  1. The last swing low on the weekly is .8794

[list][*]I have a SR line @ .8833 done with a line chart that has been touched/respected about 7 times since 2006[*]If you look at the Fib retracements for this last entire weekly move from the low of .7166 on 10/5/08 to the high this week @ .9137 guess where the .382 retracement is.....drum roll please .8821[*]That gives us a trifecta target of...

It's behind you!!!!!

Oh no it isn't!!!

Oh yes it is!!!!

Well it ain't on my chart. I just don't have these figures on mine. What have I done wrong?

a. Wrong pair
b. Wrong TF
c. Wrong Hangover
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyd.31.10.2009.gif Size: 24 KB
  • #7,118
  • Oct 31, 2009 8:56am Oct 31, 2009 8:56am
Quote
It's behind you!!!!!

Oh no it isn't!!!

Oh yes it is!!!!

Well it ain't on my chart. I just don't have these figures on mine. What have I done wrong?

a. Wrong pair
b. Wrong TF
c. Wrong Hangover


All the above...wrong pair......AUD/CAD......SR is from wkly line chart
Now you will have good luck finding the numbers unless C. wrong hangover is too intense in which case you should take 2 aspirin and try again this afternoon

Many Pips
Plan, Prepare, Execute, Repeat
  • #7,119
  • Oct 31, 2009 9:38am Oct 31, 2009 9:38am
Quoting swingtrade65
All the above...wrong pair......AUD/CAD......SR is from wkly line chart
Now you will have good luck finding the numbers unless C. wrong hangover is too intense in which case you should take 2 aspirin and try again this afternoon

Many Pips
Okay, thanks! Got your post confused with a reply to Strat's panto challenge (obviously).

With the right pair it all makes sense despite the hangover. Thanks for the guidance.
  • #7,120
  • Oct 31, 2009 9:54am Oct 31, 2009 9:54am
Quoting Lotuselanman
With the right pair it all makes sense despite the hangover. Thanks for the guidance.
Swingtrade65

And here it is to prove it! I can see EXACTLY what you meant now!

Hangover much better thank goodness. Again, thanks for the understanding guidance.
Attached Image (click to enlarge)
Click to Enlarge Name: audcadd.31.10.2009.gif Size: 23 KB
9 traders viewing now