Strat's Long Term Stress Free Trading | Page 358 | 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

  • #7,141
  • Nov 1, 2009 4:36am Nov 1, 2009 4:36am
BOSS.
BIG BOSS & BOSS trends are down. Last week ended as a small bearish candle inside the previous week candle (indecision?) which ended up as a SS out of Weekly SR and DSRI.
All in all I believe that for now sellers are stronger than buyers.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.png Size: 24 KB


Worker.
Friday ended up as big BEOB against the previous bar which itself was a big BUOB. Buyers thought they had control but Friday proved that sellers were as serious as the buyers. And have THE BOSS on their side.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy_daily.png Size: 23 KB


As for trading, I believe a break of Friday lows will give us a run to at least minor 143.8. I would be really careful if & when price reaches 143.8 because the previous Daily swing up off Nov 07 lows looks very impulsive to me.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,142
  • Edited 8:29am Nov 1, 2009 4:44am | Edited 8:29am
After many bullish weeks we have a really bearish week that broke the long term bullish DSRI and closed below.
It's true that is not a big close but if you look at the size of this weekly bearish bar we didnt have as big as this since May eariler this year.

On Daily, as with GBPJPY, Friday put sellers in control with a nice fat BEEB.

Have a profitable new week everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_weekly.png Size: 25 KB
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,143
  • Nov 1, 2009 6:21am Nov 1, 2009 6:21am
Hammer formed on GBPAUD big boss, may suggest a move back up

Bullish bar on boss with HH/HL's

Bullish bar on worker, watching for a break of the last swing high at 1.842 & reaction at 50
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpaudbb.gif Size: 19 KB
Click to Enlarge Name: gbpaudb.gif Size: 16 KB
Click to Enlarge Name: gbpaudw.gif Size: 17 KB
Wise men say only fools rush in ...
  • #7,144
  • Nov 1, 2009 10:09am Nov 1, 2009 10:09am
Quoting strat
Here is what is causing the problems
I need to spend more time with the big boss...

I also see that BIG BOSS 20 meets that area as well, should be a good opportunity to move back with the trend should PA confirm.
Hope is not a trading strategy
  • #7,145
  • Nov 1, 2009 12:53pm Nov 1, 2009 12:53pm
Quoting strat
Here is what is causing the problems
Can we look at this TL on EURUSD in a similar way? Combined with the recent 2009 TL we have a nice rising wedge that takes on more significance...is that fair to say?
Attached Image (click to enlarge)
Click to Enlarge Name: monthly_eur_usd_30_oct_09.png Size: 10 KB
Hope is not a trading strategy
  • #7,146
  • Nov 1, 2009 2:17pm Nov 1, 2009 2:17pm
  •  Sid
  • | Joined May 2009 | Status: Get wise or die laughing | 85 Posts
Hi Gang!

In response to Strat's recent post - I am still around. Reading reading reading and trading with tiny amounts. Still not quite happy with the results I am getting and feel like I have to soak up more of the thread before I can contribute more.

Having said that, there is a lot of interesting PA going on at the moment - across currency pairs and indeces.

For example:

EURYEN - big BEEB on the BOSS with close on DSRI. If it breaks it's good for about 600 pips.

And like Arnyboy I am glancing at the BIG BOSS GBPAUD hammer...

Happy trading everybody!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2009-11-01 EURJPY Weekly .png Size: 29 KB
Click to Enlarge Name: 2009-11-01 GBPAUD Monthly.png Size: 31 KB
  • #7,147
  • Nov 1, 2009 3:18pm Nov 1, 2009 3:18pm
There is always a reason when financial astrology doesn’t work. This time, it’s the Sun’s fault!

World equity markets made a complete about face as the Sun left Libra last week, and started its month-long trek through Scorpio this week. They sold off, and even the benevolent Venus trine Jupiter Wednesday night could only lift the market up strongly for the one day that followed. Even that was on the back of the positive GDP numbers in the United States, the first in several quarters, which signals the end to this recession that started in December 2007. By Friday, stocks market shrugged off those favorable GDP numbers and Venus-Jupiter love fest of Thursday, as many fell to their lowest level in three weeks. The Dow Jones Industrial Average, for instance, was up 200 points on Thursday, but down 250 on Friday, closing nearly 300 points below 10,000. Weren’t they just celebrating 10,000 as finally having been conquered again on the TV market stations? This is not a good sign.

In tandem with stocks, precious metals and foreign currencies also fell against the US Dollar. So did Crude Oil. None of these markets made new highs last week, after doing so the week or two before. In fact, they all sold off to multi-week lows by the end of the week. As suggested before, we are in Scorpio now, and the focus is all about debt. It’s hard to be optimistic about the future when you have to think about the heavy load of debt still present today.

The Sun’s month long ingress into Scorpio wasn’t the only geocosmic factor of importance last week. Saturn also moved into Libra on Thursday, October 29, where it will remain until April 7, when it retrogrades back into Virgo for a little more than three months. Saturn is exalted in Libra, and both Saturn and Libra pertain to issues of fairness and justice. In classical astrology, Saturn in Libra is a strong and potentially positive position. It inclines one to measure all sides of an issue, and to make a choice that is well-considered and wise. It favors leaders who are calm, mature, and take their time to come to a decision that is just. But Libra is also a cardinal sign, and cardinal signs rule action. In fact, four of the five furthest-out planets in our solar system (Jupiter, Saturn, Uranus, and Pluto, not to mention the Moon’s North Node), will all be in the early degrees of cardinal signs sometime in 2010, having recently left the “thinking” mutable signs. What does this mean? Well, I think it means that the USA president will move from a stage wherein he takes a lot of time to consider all things (well, many things), and will soon move into a phase of great action, for better or worse, depending on your point of view. He won’t be “dithering” much longer, as suggested by his critic and former Vice-President Dick Cheney. But he may not act in a manner that pleases his far left supporters either, for Saturn in Libra is about as “centrist” a position as can be imagined in Mundane Astrology. It is, after all, the halfway point through the zodiac. Saturn here is apt to be more pragmatic, and less ideological. But with Pluto in Capricorn being squared by this Saturn in Libra, it is also very political and savvy. I think the next few months will witness a remarkable transformation in the leadership style of Barack Obama, one from contemplation (or “dithering”) to action, one from a very liberal ideologue to a surprisingly more centrist leader who wants to move things forward with more broad-based support. In the process, he may lose some of his current supporters, and they won’t go out gently.

But back to short-term geocosmics. The translation of Venus in trine to the Jupiter-Neptune conjunction, October 28-November 2, did not produce a top as suggested. In fact, the markets are selling off into this translation zone, which is not a good omen for the future. But the translation ends with Monday’s full moon, followed by Neptune’s station from retrograde to direct motion on Wednesday. That could produce a reversal – unless the strong presence of Neptune correlates with hysteria and panic. If it does, the markets could be in trouble all the way into the first passage of the Saturn-Pluto waning square, which takes place November 15. Since Neptune is one of the co-rulers of crude oil, this may be a market to watch closely this week too for clues. Neptune also rules rains and floods, and this is one of the problems for farmers trying to harvest their crops late in the season. They can’t get the machinery out in the fields, and there is danger of losing much of this year’s crop, which would be consistent with Saturn square Pluto.

Last week’s column discussed the insider trading and market manipulation themes of transiting Neptune over the NYSE chart. In that column, we stated, “It is no coincidence, according to the principles of Financial Astrology, that the biggest insider trading scandal in decades was alleged last week against hedge fund giant Galleon Group. What may be more surprising is that this maybe just the tip of an iceberg, for usually under such transits, the revelations are not exposed until 1-2 years afterwards.”
Indeed that seems to be the case, as the front page of Wednesday’s Wall Street Journal headlined “Ex-Chief of AMD is linked to Galleon.” The article states, “A criminal case… alleged an unnamed Advanced Micro Devices, Inc. executive shared confidential information about the chip maker with a defendant in the case. The AMD executive is Hector Ruiz, then AMD’s chairman and previously the company’s chief executive.” This probe is starting to widen. With Saturn coming up to its first of three waning square aspects in mid-November, there may be more high ranking leaders of the business community pulled out and pulled down.
But this is just part of an even bigger problem related with Pluto in Capricorn, 2008-2024. Pluto rules debt, but debt is really nothing more than money in today’s world. You can’t have one without the other, but the hope is that they are somewhat balanced. Pluto also rules “deals behind the scene.” They are “behind the scene” for a reason. Those involved don’t want others to know what they are doing. Thus Pluto relates to the element of “secrecy.” In the mundane world, Pluto rules banks, investment houses, and taxing agencies of the government (i.e. IRS). Basically it represents those institutions that deal in OPM – Other People’s Monies. Thus again we have debt issues, which pertains to Pluto.
Capricorn and its ruler Saturn, on the other hand, pertain to the Government, as well as big business in general. So what can happen when Pluto is in Capricorn, and squared by Saturn? Well you can create instances where the line between government, banks, and big business becomes very unclear. They can be all connected, rather than separate, and “deals behind the scene” can take place by representatives in each of these areas. We see this today, for instance, as the USA Government now has taken a controlling stake in banks, insurance companies, and automobile companies, with health insurance companies possibly next on the docket. The USA government has also appointed a pay czar to set compensation schedules for executives of these firms who are now partly owned by the government, but really owned by the taxpayers of this country. The problem is that these cases (and these positions) become potential conflicts of interest, as the temptation to corruption – ala bribery, or payment for financial favors – increases immensely. There is a reason why there is separation of church and government, and the same should possibly be true with business and banking with the government. But today, for instance, a case can be made that the USA Central Bank – the Federal Reserve Board – has now become the fourth branch of government, as suggested by David Wessel in the sub-title of his excellent book “In FED We Trust” (2009, Crown Publishing Group). Another example of the blurring of lines this creates is in the form of campaign contributions, or lobbying efforts, by large banks and corporations with elected government representatives. Literally, votes and/or political influence can be bought, and that is something Pluto in Capricorn won’t tolerate for long.
With Pluto in Capricorn, there is bound to be an increasingly intense demand for honesty and integrity by all of these parties, and a demand for a more formal separation of influence of government leaders from big business and banks. As Pluto moves further and further into Capricorn, first squaring Saturn for the next 9 months, and then in square to Uranus 2012-2015, this issue is apt to become the basis for many more exposures of corruption. What will be surprising is how far up the corporate ladder, and how deep into the U.S. Government, this conflict of interest goes. Heads will roll, because when Uranus squares Pluto, it will fall in an exact T-square with the USA’s own Sun square Saturn, at 11-14 degrees of Cancer and Libra respectively. However, that’s about 4 years away. In the meantime, it’s like a tidal wave that is just beginning. Once again, the only way to survive in business, banking, or government, is to be totally honest – and maybe a little lucky. Pluto in Capricorn is not a good time to be dishonest or corrupt. Everything comes out, and no one gets away with anything in the end.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,148
  • Nov 1, 2009 3:28pm Nov 1, 2009 3:28pm
Alexandra - here's my special gift for you!

click here

I started reading it but my head started hurting so I gave up and left it for you to give us a summary.

When I see stuff like this, the rebel in me always wants to do the opposite!
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,149
  • Nov 1, 2009 3:43pm Nov 1, 2009 3:43pm
Quoting soso
BOSS.
BIG BOSS & BOSS trends are down. Last week ended as a small bearish candle...
I could be hopelessly wrong and when I am wrong I am usually wrong big time, but I see it building for higher prices ahead.

Again, I don’t have a crystal ball and I am useless at making predictions.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,150
  • Nov 1, 2009 3:59pm Nov 1, 2009 3:59pm
Quoting Arnyboy
Hammer formed on GBPAUD big boss, may suggest a move back up

Bullish bar on boss with HH/HL's

Bullish bar on worker, watching for a break of the last swing high at 1.842 & reaction at 50
Hammer formed on GBPAUD big boss,

Oh yes! For those collectors of correctly proportioned and positioned hammers, put this in your collection.

Roy – did you miss this one? Another one for Donald!

Bullish bar on worker, watching for a break of the last swing high at 1.842 & reaction at 50

Very good but also look for suitable PA.

This looks to have the legs of a long distance runner!

Blackeagle – I don’t have enough data to be confident of my SRs – can you post yours? Thank you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,151
  • Nov 1, 2009 4:08pm Nov 1, 2009 4:08pm
All of the bosses are in agreement.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf110109D1.png Size: 47 KB
Click to Enlarge Name: usdchf110109W1.png Size: 49 KB
Click to Enlarge Name: usdchf110109M1.png Size: 46 KB
  • #7,152
  • Nov 1, 2009 4:16pm Nov 1, 2009 4:16pm
Quoting Sinan
Can we look at this TL on EURUSD in a similar way? Combined with the recent 2009 TL we have a nice rising wedge that takes on more significance...is that fair to say?
Can we look at this TL on EURUSD in a similar way? Combined with the recent 2009 TL we have a nice rising wedge that takes on more significance...is that fair to say?

NO! It is not “fair” to say! It is “bloody great” to say!

Our friend, Roy, (30XTCi), our resident Welsh smoke and mirrors specialist from down under, brought this to our attention many, many posts ago and I am PATIENTLY, with great DISCIPLINE, waiting for this to play itself out.

Sinan, another good step on The Path for you, my friend!
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,153
  • Nov 1, 2009 4:20pm Nov 1, 2009 4:20pm
Quoting Sid
Hi Gang!

In response to Strat's recent post - I am still around. Reading reading reading and trading with tiny amounts. Still not quite happy with the results I am getting and feel like I have to soak up more of the thread before I can contribute more.

Having said that, there is a lot of interesting PA going on at the moment - across currency pairs and indeces.

For example:

EURYEN - big BEEB on the BOSS with close on DSRI. If it breaks it's good for about 600 pips.

And like Arnyboy I am glancing at the BIG BOSS GBPAUD hammer...

Happy trading...
Sid Vicious!

Still not quite happy with the results I am getting

Why is this? What is the problem? Do you know? Can we help?
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,154
  • Nov 1, 2009 4:31pm Nov 1, 2009 4:31pm
Quoting CrudeCraig
All of the bosses are in agreement.
All of the bosses are in agreement.

And no-one can argue with that!

Lou – are you watching?

While it is true that everything is lining up for a move to Alaska, I just cannot get excited with this pair. While it’s alter ego, EURUSD, which I prefer to trade, runs on rocket fuel, USDCHF runs on lighter fuel!

Having said that, a chart is a chart is a chart…………………………………………
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,155
  • Nov 1, 2009 4:33pm Nov 1, 2009 4:33pm
Good grief - big moves tonight on the open and Tokyo and Mrs Watanabe aren't even up yet. I guess we know what Sydney thinks ...
Some are blaming the news that CIT will file for bankruptcy.
These moves have the look of something big starting to me ...

This is a big news week with lots of event risk ... rate decisions for Europe, UK, Australia and the USA. And then best of all NFP on Friday.
  • #7,156
  • Nov 1, 2009 4:40pm Nov 1, 2009 4:40pm
Quoting elitejets
Some are blaming the news that CIT will file for bankruptcy.
Done: http://www.bloomberg.com/apps/news?p...prrYfSSQ&pos=1

Be safe out there folks.
  • #7,157
  • Nov 1, 2009 4:46pm Nov 1, 2009 4:46pm
NzdJpy short in the offing! Almost a doji but it's where this candle forms and why that's important. Yen may be strengthening across the board.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy.png Size: 73 KB
Trade less and become more profitable!
  • #7,158
  • Nov 1, 2009 5:15pm Nov 1, 2009 5:15pm
For those who want to read between the lines, my 100% mechanical system which had me long EURUSD from 1.4222 on Aug 20, 09 closed out on Oct 30, 09 at 1.4715.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,159
  • Nov 1, 2009 5:19pm Nov 1, 2009 5:19pm
Quoting strat
Blackeagle – I don’t have enough data to be confident of my SRs – can you post yours? Thank you.
Considering the number of orange SRs on my chart, there are not many major SRs meaning "caution" when trading this pair.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD-Weekly.jpg Size: 137 KB
  • #7,160
  • Nov 1, 2009 5:46pm Nov 1, 2009 5:46pm
Quoting Blackeagle
Considering the number of orange SRs on my chart, there are not many major SRs meaning "caution" when trading this pair.
As always, thank you my friend.
15 YEARS OF PASR ON FOREX FACTORY!
3 traders viewing now