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Strat's Long Term Stress Free Trading

  • #7,921
  • Nov 24, 2009 5:19pm Nov 24, 2009 5:19pm
Or lines written
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15 YEARS OF PASR ON FOREX FACTORY!
  • #7,922
  • Nov 24, 2009 5:37pm Nov 24, 2009 5:37pm
Perfect example of why not to take shorts on bond SS's or those damn hanging men in a strong BULL trend.

The big boys are taking all these traders straight to the SawMill!
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  • #7,923
  • Nov 24, 2009 8:07pm Nov 24, 2009 8:07pm
Quoting strat
Or lines written
and the move continues!
  • #7,924
  • Nov 25, 2009 12:09am Nov 25, 2009 12:09am
Quoting Keyser Soze
Larry K, i'm behind you with 10 pages, can you pls send me a link with the post you are talking about?
Please accept my apologies for my unhelpful reply, it was very late in my day and if I totally ignored your request until now I don't know when you may have seen a reply from me. In any case I would not have been able to help you with the info you needed and got from another who actually understood what you needed (I think).

Larry
  • #7,925
  • Nov 25, 2009 2:09am Nov 25, 2009 2:09am
Quoting LarryK
Please accept my apologies for my unhelpful reply, it was very late in my day and if I totally ignored your request until now I don't know when you may have seen a reply from me. In any case I would not have been able to help you with the info you needed and got from another who actually understood what you needed (I think).

Larry
Larry,
no need to apolagise, good luck
  • #7,926
  • Nov 25, 2009 3:47am Nov 25, 2009 3:47am
Quoting CrudeCraig
Perfect example of why not to take shorts on bond SS's or those damn hanging men in a strong BULL trend.

The big boys are taking all these traders straight to the SawMill!
While GOLD is a pair that rewarded me alot, SILVER instead, bitchslaped me 95% of the time. Strat said that certain time frames have the same vibration as trader's vibration making trading those TFs very comfortable. It might be the same thing with certain pairs too. Gold (xauusd) is one of those pairs I feel very comfortable. SILVER is quite the opposite. Maybe it has something to do with me being born in Transylvania??

Anyway, I quit trading SILVER two years ago. But now that I found Strat's thread and starting to understand this (i think), I'm tempted to start trading SILVER again. Of course with an extremely small risk, only as an experiment. Maybe you guys can help me.


Given the posted chart, I would look for LONG trades because the trend is clearly bullish. I would like that the price to come down towards 20 EMA and look for PA in that area. But we also might have a bullish candle straight to 19.50 and it wouldn't surprise me at all.
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  • #7,927
  • Nov 25, 2009 3:51am Nov 25, 2009 3:51am
Quoting strat


That was quick! What did you do – sell the wife?

Not quite Strat - just sold some underperforming mutual funds!


Be very careful, Danny boy, your psyche (emotions) have NOT been tested. Demo trading only builds confidence in you, the technicals and your method. It does NOT exercise that which does 95% of the financial damage.


Fully understood and thanks for re-enforcing this point Strat. I believe that only trading my plan will keep Mr Hyde at bay!


This is THE big test for most. PR, brokers and scam sites have you believe you have to be sat in front of the one eyed monster constantly trading from 6am to 6pm.

Long term, Stress Free Trading IS monotonous, boring and dull – that’s why they invented golf, beaches, pubs (bars), fast cars and women!


I hear you on this serial too! Golf was invented for that very reason as was gliding , shooting and hillwalking


Just make sure your losses are ALWAYS significantly smaller than your winners – if you can do that you will make money trading the toss of a coin!

Danny boy I’m proud of you – you have come a long, long way. Maybe you should go back to your earlier posts to see just how far you have come.

Thank you very much for the kind words Strat - had it not been for you and this thread I would have likely been wandering around the sea of ill-informed methods for some years to come. I feel very at ease with just trading price action. It's the market in its rawest form. I think you and this thread has saved me another lost account and maybe 5yrs of fruitless activity - I owe you a wee dram Strat next time you set foot on these shores!
Trade less and become more profitable!
  • #7,928
  • Nov 25, 2009 4:01am Nov 25, 2009 4:01am
Quoting hcristea
While GOLD is a pair that rewarded me alot, SILVER instead, bitchslaped me 95% of the time. Strat said that certain time frames have the same vibration as trader's vibration making trading those TFs very comfortable. It might be the same thing with certain pairs too. Gold (xauusd) is one of those pairs I feel very comfortable. SILVER is quite the opposite. Maybe it has something to do with me being born in Transylvania??

Anyway, I quit trading SILVER two years ago. But now that I found Strat's thread and starting to understand this...
You should always take very with trend opportunity the market offers you. Never trade countertrend until there has been a significant TL break on strong momentum and even then you should get back into the direction of that TL because you should be expecting a test of the trends extreme or underside of the TL. Trading countertrend will fool you with a few great wins but eventually you will deplete your account. With Trend entries are always the scariest as you are trading against the recent counter-trend momentum and it awlays looks like a possible top. The more with-trend entries you take, the more your account balance will grow. Most counter trend entries fail and become failed failiures. Always look for trapped traders where you know the 'fools' rush in and as they hit their stops it will add momentum to the with trade entry.

Even if sliver does looks like a poss slanting H&S pattern you should still take the with trend entry off the TL/poss neckline as it will more than likley resume the trend. Some of these patterns act as great continuation patters as there are 'trapped traders' who get in early expecting a TL break - feed off them!!

Just my 2 pennies worth of the importance of the trend enrty. Good ole' Dr Joe
Trade less and become more profitable!
  • #7,929
  • Nov 25, 2009 4:28am Nov 25, 2009 4:28am
I just would like to say thanks for this thread. This approach of stress free trading is really what I need to learn. I do not like indicators but love price action and Volume.

Hope to contribute with more than questions soon.
Kind Regards zol
  • #7,930
  • Edited 4:41am Nov 25, 2009 4:32am | Edited 4:41am
Hi Grimweasel,
I'm a fanatic follower of THE TREND

In my previous post regarding SILVER, I'm waiting for the price to go down before buying, i.e. going long with the trend.

P.S. sorry for being confusing.
  • #7,931
  • Nov 25, 2009 4:53am Nov 25, 2009 4:53am
After the trendline and immediate SR (at 2.02) break on the same bar, price met another resistance at 2.07 and sellers gained control again but they couldn't manage to put a LL that encouraged buyers and they pushed the price higher and they met with sellers again at 2.07 today. So we'll see who will win this battle but if buyers manage to push prices above 2.07, we may start talking about trend change with first HL-HH since March this year.
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  • #7,932
  • Nov 25, 2009 5:26am Nov 25, 2009 5:26am
Quoting zoli
I just would like to say thanks for this thread. This approach of stress free trading is really what I need to learn. I do not like indicators but love price action and Volume.

Hope to contribute with more than questions soon.
If you dont like indicators then you will LOVE it here. With respect to volume Strat experimented using Forex volume for some time but found it to be unreliable.
  • #7,933
  • Nov 25, 2009 5:38am Nov 25, 2009 5:38am
Quoting Blackeagle
After the trendline and immediate SR (at 2.02) break on the same bar, price met another resistance at 2.07 and sellers gained control again but they couldn't manage to put a LL that encouraged buyers and they pushed the price higher and they met with sellers again at 2.07 today. So we'll see who will win this battle but if buyers manage to push prices above 2.07, we may start talking about trend change with first HL-HH since March this year.
Hi BlackEagle

I've been watching this pair very closely too over the past few weeks. I didn't post a chart as I wanted to prevent myself and others from picking tops/bottoms so I too, wanted to see a full trend reversal before saying anything. I like that we have had a significant TL break but after such a strong trend I woulnd't think that the bears would give up that easily? I would be expecting a Lower Low test but if the last high of the downtrend was tested and broken (at 2.12) I would be a buyer too.

Interestingly though, if you draw the TL on the line charts from the first LH thru the other HLs you will see that your HL on the chart bounces nicely off that TL?!
Trade less and become more profitable!
  • #7,934
  • Nov 25, 2009 5:49am Nov 25, 2009 5:49am
Quoting Blackeagle
After the trendline and immediate SR (at 2.02) break on the same bar, price met another resistance at 2.07 and sellers gained control again but they couldn't manage to put a LL that encouraged buyers and they pushed the price higher and they met with sellers again at 2.07 today. So we'll see who will win this battle but if buyers manage to push prices above 2.07, we may start talking about trend change with first HL-HH since March this year.
Been tracking signs of NZD weakness across the board Blackeagle. I am watching all her crosses except against the USD. I've been tracking that exact trade and awaiting a break and PA, there is a LOT of room there!!!!!

By the way I have a a S/R line at 2.1743, can you maybe take a look at that, just for debating's sake and maybe let me know why you may or may not agree with that level?
  • #7,935
  • Nov 25, 2009 8:15am Nov 25, 2009 8:15am
Quoting Blackeagle
After the trendline and immediate SR (at 2.02) break on the same bar, price met another resistance at 2.07 and sellers gained control again but they couldn't manage to put a LL that encouraged buyers and they pushed the price higher and they met with sellers again at 2.07 today. So we'll see who will win this battle but if buyers manage to push prices above 2.07, we may start talking about trend change with first HL-HH since March this year.
Hi Blackeagle,

Thanks for the post, very good information, specially patient.
  • #7,936
  • Nov 25, 2009 8:50am Nov 25, 2009 8:50am
Quoting hcristea
While GOLD is a pair that rewarded me alot, SILVER instead, bitchslaped me 95% of the time. Strat said that certain time frames have the same vibration as trader's vibration making trading those TFs very comfortable. It might be the same thing with certain pairs too. Gold (xauusd) is one of those pairs I feel very comfortable. SILVER is quite the opposite. Maybe it has something to do with me being born in Transylvania??

Anyway, I quit trading SILVER two years ago. But now that I found Strat's thread and starting to understand this (i...
While GOLD is a pair that rewarded me a lot, SILVER instead, bitchslapped me 95% of the time. Strat said that certain time frames have the same vibration as trader's vibration making trading those TFs very comfortable. It might be the same thing with certain pairs too. Gold (xauusd) is one of those pairs I feel very comfortable. SILVER is quite the opposite.

Very observant, hcristea, but for different reasons. The time frames dilemma is all about resonating with each individual’s frequencies and body harmonics while the “pairs” is a brain/mind resolution problem.

As I have mentioned previously, there are certain pairs I just don’t understand or cannot get “in tune” with. Previously, I used to fight them and force myself to understand them often causing losing trades as a result. These days I just let them go and trade those I understand and feel comfortable with.

Since you are now trading with PASR using the prime mover of all markets (PRICE), it may well work out for you with silver. If however, it doesn’t, just move on to another instrument.

Your silver strategy is correct. Until the dominant uptrend is broken, look to buy dips back in to the up trend. Keep on buying until it stops going up.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,937
  • Nov 25, 2009 9:01am Nov 25, 2009 9:01am
Quoting strat
Or lines written
45 pips later and she is still running.

This is another perfect example, in real Worker time, of PASR!

Unknowingly, I gave a fish for all the Lurkers out there - I must stop doing that!

Me thinks it's time to move back into Strat double talk!
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,938
  • Nov 25, 2009 9:06am Nov 25, 2009 9:06am
The trading this week, as expected, has already been thin (low volume - non participation by the big boys).

Any new trades entered from now on until next week will be subject to the games and antics of trainee wannabe traders in the big boys organisations.

What this means is expect lots of wicks and tails with little or no direction but mainly STOP HUNTING.

Trade at your peril!
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,939
  • Nov 25, 2009 10:04am Nov 25, 2009 10:04am
Quoting strat
Big boss is still making lower lows and lower highs on a steep downtrend. This month's candle appears to be forming a hammer, but until the high of 1.6470 is taken out it still looks bearish.

Dave, I don’t like this pair, I just can’t get “tuned” in to her.

[font=Arial]Anyway, while your BIG BOSS analysis is good, there is more to be read there. Look at last month’s candle – it has a long wick and tail telling us that there is indecision there or maybe a change of sentiment. With...
Thanks for the comments on my trade, Strat. Very helpful.

So far the trade hasn't made a move in my direction. It looks like it's consolidating between the 20 and 50 and may go sideways for awhile before it makes a move down. In the meantime the big boys will probably be shaking out some of the weak hands.

I'm sticking with my plan. Even if it doesn't work out it's still a high probability setup. My attitude now is: Some will, some won't, so what -- NEXT. I am beginning to know what I need to do and I'm doing it. (Well, most of the time )
  • #7,940
  • Nov 25, 2009 10:12am Nov 25, 2009 10:12am
Quoting PistolDave
My attitude now is: Some will, some won't, so what -- NEXT. I am beginning to know what I need to do and I'm doing it.
Not much more to say than that really is there Dave?

Congrats
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