Strat's Long Term Stress Free Trading

I am a serious trader - lol.

Those who like chart formations may wish to admire USDJPY's daily style.

Hi,
I started a rather lengthy description of the upgrades of my Hagstrom electric which was one of the last ones made in Sweden decades ago before the Japanese bought them out and made them in Japan. But I don't want to get booted and banned from this ForEx forum so I'll just say that I 'potted' the two humbucking pickups and made my own Bass frets (higher) out of a work hardening steel so that they get harder as it is played and don't wear out which is as it should be.
These days I’m trying to learn how to rock the ‘Pip board’ and gave my original classical guitar to my youngest teenage son.
(8 >) . Prosperous Trading . (< 8)

Thank doG. I didn't want to publicly disagree with you.
Good ole Blackeagle.

Ahhh, do we have a mixed opinion? You did not long E/USD? May be worth some discussion.

Right here is where I am adding to my short. Descending trendline and underside of the rising trendline (not the big one) and 50fib. I am OK with being wrong ...

daily chart and then 4hr chart (sorry Strat) ...

My short is a little speculative ... fortune (sometimes) favours the brave and I am not risking what I am not prepared to lose

Hello this is my first post.
Dose COT helps in trading analysis? Anyone successful with TD sequential?
Just thinking that this will suit traders with both strong emotion and long perspective.
Am just trying to find a concrete way out of day-trading.

www.70yrsforexfocus.blog.com

Hello goodwings,

IMHO COT lags, gave tuesday's sentiment on Friday... whilst candle covers.

Probably start or Blackeagle may comment on this.
thanks.

I have tried everything I could get my sweaty mits on including those you mentioned. Each time I came back to the DRIVING FORCE - PRICE.

There is NOTHING NEW now, or in the future, that can replace the analysis of pure, basic, virginal PRICE ACTION.

When you accept that PRICE and nothing else, drives the markets and then religiously and studiously study PRICE and PRICE ACTION, you will become a very successful and profitable trader. I am living proof of that as are many others I know as will those studying the teachings on this thread.

riff.......thanks. It surely lags.
strat.......thanks because u reminded me that price action is the ultimate indicator.....but TD sequential deals with price action too.
Am here bcos i already know your system works!
www.70yrsforexfocus.blog.com

Interesting - a saw that one differently. That inability to close under 1.47 prompted my long. Maybe we can both make some on this one. That's an important statement to be okay about being wrong. Funny how only the experienced and profitable traders will state that.

Well I was wrong about the trendline holding, although the same one held briefly in cable.
1.4850 is kind of my line in the sand, if it goes above that then the bearish tilt is gone for me.

I know all Nisson's books, which books i should read from Pring?

Tks

Here you go:

http://www.amazon.co.uk/Pring-Price-...7362629&sr=8-1

Hey elitejets,

Although am not short - wanted to be but found "better" opportunities - I have a powerful SR level at 1.487. Plus, it looks like the bullish DSRI that was broken is just being tested.

Everything else looks bad for shorts though, BOSS trend UP plus the current big Daily BUOB.

Yes. I have been short since it broke back through 1.50 on the 26th and banked most of it. Looks like the party is over!

Hello Everyone!

It’s been about a month of reading, copying all the pertinent posts into a 567 page word doc (which I am now in the process of reviewing) and resisting the urge to jump into the thread and introduce myself sooner.

Strat: You have changed my trading life so significantly that I can’t convey my thanks enough in words. I wont’ gush but thank you so much for your hard work and continued teachings.

My background:

I have been studying the forex markets for 5 years now part time. I made the mistake of reading the Trading Chaos books and gravitating to breakout trading. The volume, accelerator, fractals and moving averages gave me a false sense of a working plan however, as I back tested, I learned that it seemed to be lacking in consistency. The consolidation periods would shred me so I started to look for ways around this problem without having to be discretionary. I was blinded by the fact that I figured the author knew something I didn’t (after all volume and acceleration lead price right?) so why couldn’t I duplicate the results?

My background is in theoretical physics and mathematics so I figured that there must be something I was missing. Enter Elliot wave theory. I studied it until I was blue in the face. This will keep me out of consolidations! But as I studied complex corrections and delved deeper into extensions I began to realize that the 3 and the C wave were all that was particularly interesting as I only really wanted to make money not guess what the market was thinking. I was never naive enough to think I would find something that millions before me hadn’t but I figured I could put my 20 some years of analysis expertise to work, get some edge and trade it.

Elliot wave theory did give me some insight into the fear and greed factors which helped “wave” the market so then I started to study a bit of psychology. This helped me towards the thought that maybe there was less to it that I initially thought. By this time I had bumped into a thread on here dealing with 4 hr strategy using the MACD as confirmation and the author was mentioning support and resistance. I had stayed away from this as Chaos trading tended to use pseudo physics terms like "strange attractors" and such which allowed me to boondoggle myself into the thought that price was the last to know what was going on.

I paper traded and finally opened a small account last year with 200 bucks and decided that I’d paid 60K in tuition for my physics education maybe it was time to start trading pennies to get my feet wet. Being conservative and trading my shiny macd system had me waking up at 4 in the morning to check candles which the wife didn’t find too amusing. After about 5 months I stopped as I was only at breakeven. I kept seeing great BUOB and BEOBs pass me by while waiting for the MACD to signal me in. I figured there had to be a less lagging method of entry but what was it? So I studied candle sticks and then a dim light started to go on in the back of my head.

I finally found your “Stress Free” thread and then the penny dropped. I started to look through my charts and immediately (with a great amount of joy) got rid of every damn indicator on my chart replacing them with S and R, DSRI and the moving avgs.

This is getting long so I will send an email to NAWS to join the path of learning. I am a novice and a bit shy, but will try to put my charts up for a good shellacking (if you guys see fit).

Trust me, Strat’s tongue is tame compared to some of the arrogant lads you get as physics lecturers and most of their comments are anti-helpful!

My short term goals are to get my support and resistance tuned properly and turn out a consistent profit. I would then like to learn how to do the fill your boots trades a year or so down the pipe as I wish to invest for my retirement in 30 years (Currently 33).

I promise I will ask what may appear to be silly questions however, I will only ask if I have not been able to get the info subtle or obvious through my thick head.

Finally I would like to offer a big thank you to all the contributors in this thread. You have all encouraged me to come out of the shadows and try and participate. Cheers.

John

Welcome. There aren't many silly question so don't worry. Post some of your thoughts on current pairs (with charts if possible) and the guys and gals on here will feedback and steer you down a better road.

Thanks for your introduction - not bad for a shy lad! Join in and don't be in a rush to trade - wait until you SEE opportunities - don't go looking for them