Strat's Long Term Stress Free Trading | Page 413 | 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

  • #8,241
  • Dec 6, 2009 10:53pm Dec 6, 2009 10:53pm
Well, I can't find ANY setups I like right now. I'm just sitting on the sidelines waiting and watching. Of course, I'm still learning so I don't watch very many pairs.

Good news is that when I first started reading this thread I would have gone searching for (and found) SOMETHING to trade. I have since learned to sit back and wait for the trades to come to me.

Kinda boring, but better than losing my $$$'s!

A little off-topic, but does anyone find it strange that the dollar took such a big jump after Friday's little improvement in unemployment numbers? I mean, it was an increase, but it really wasn't very significant. Add to that the fact that unemployment is still over 10% even after the increase and I just don't get it.

No biggie, I don't understand fundamentals for squat and really don't want to. Just seemed a little strange to me......

Marto
  • #8,242
  • Dec 6, 2009 11:05pm Dec 6, 2009 11:05pm
Quoting soso
And that makes me more confident on the long side now that the place got cleaned . Let's see if we get a setup bar.
Hi Soso,

If we have a setup, now we have a technical support level to put sl and if we lose, it is a good lose.
  • #8,243
  • Dec 6, 2009 11:05pm Dec 6, 2009 11:05pm
Quoting TTMarto
Well, I can't find ANY setups I like right now. I'm just sitting on the sidelines waiting and watching. Of course, I'm still learning so I don't watch very many pairs.

Good news is that when I first started reading this thread I would have gone searching for (and found) SOMETHING to trade. I have since learned to sit back and wait for the trades to come to me.

Kinda boring, but better than losing my $$$'s!

A little off-topic, but does anyone find it strange that the dollar took such a big jump after Friday's little improvement in unemployment...
I would say 10 times better than expected is pretty significant!?
  • #8,244
  • Dec 6, 2009 11:23pm Dec 6, 2009 11:23pm
Quoting Jideck
Hi Fellow Tradershttp://cdn.forexfactory.com/images/icons/icon7.gif

Here is the AUDUSD sum-up for the week ending 06.12.09:

Big Boss - For the 3rd month in a row the price is respecting the 0.9300 level, at this time an inside bar is forming, red candle.

Boss -after the break of Demand DSIR 2 weeks ago, last week we have another rejection of a major SR and round number, together with confluence of both the SR and DSIR. Possibility of DSIR switching polarity from Demand to Suppy. Inverted hammer - green.

Worker -After the wobble...
Hi Jideck,

A good sum-up. I don't see trend change until 8900 level taken out. Right now is good to play "BRB"(Blackeagle Range Bounce).
  • #8,245
  • Dec 7, 2009 1:37am Dec 7, 2009 1:37am
Quoting patrick25
Hi Jideck,

A good sum-up. I don't see trend change until 8900 level taken out. Right now is good to play "BRB"(Blackeagle Range Bounce).
Thanks Patrick. Could you elaborate the BRB, haven't heard this one before or I missed something.http://cdn.forexfactory.com/images/icons/icon5.gif
Jideck
  • #8,246
  • Dec 7, 2009 2:28am Dec 7, 2009 2:28am
Quoting Jideck
Could you elaborate the BRB, haven't heard this one before ...
Jideck
Me neither.
  • #8,247
  • Dec 7, 2009 2:51am Dec 7, 2009 2:51am
Quoting TTMarto
Well, I can't find ANY setups I like right now. I'm just sitting on the sidelines waiting and watching. Of course, I'm still learning so I don't watch very many pairs.
Quoting TTMarto

Good news is that when I first started reading this thread I would have gone searching for (and found) SOMETHING to trade. I have since learned to sit back and wait for the trades to come to me.

Kinda boring, but better than losing my $$$'s!

A little off-topic, but...


He he - Me too - nothing on the worker to get me involved but I'm watching some pairs very closely- waiting to see if the USD does start to rebound this week. Cable is looking interesting with a B Boss and Boss Shooting Star but the stop distance is too wide for me and there will always be a chance to get into any move with a ‘Lower High’ entry, prob near the 20ema or new trend line.

With regard to the NFP result, I wouldn't bother trying to understand it - just ignore it really and wait for the early traders (bottom pickers) to fight their battle and then see what price action the charts throw up. There are many theories for both the buy and sell sides of the markets after all news releases. (Take a look at the 15m chart of the S&P on Fri afternoon and you'll see what I mean!!). There are multi-million dollar organisations with huge analysis departments who try and fathom all that news out; we just need to get a free ride on all that analysis by letting the big-boys show their hand on the charts!

In the long run, fundamentals win in the Forex markets but we need to apply technical analysis to 'hop on' to the free ride of all that bank fundamental analysis - Simples!

Trade less and become more profitable!
  • #8,248
  • Dec 7, 2009 4:56am Dec 7, 2009 4:56am
Quoting Grimweasel
He he - Me too - nothing on the worker to get me involved but I'm watching some pairs very closely- waiting to see if the USD does start to rebound this week. Cable is looking interesting with a B Boss and Boss Shooting Star but the stop distance is too wide for me and there will always be a chance to get into any move with a ‘Lower High’ entry, prob near the 20ema or new trend line.

[font=Arial]With regard to the NFP result, I wouldn't bother trying to understand it - just ignore it really and wait for the early traders (bottom...
I don't want to get too much into funny-mentals but I have a feeling they will revise that number. I'm really not buying it. lol

Anyway, just watching......
  • #8,249
  • Edited 6:31am Dec 7, 2009 6:30am | Edited 6:31am
I thought I would let you know I am still around, I have reached the middle of June on this thread and learning plenty, thanks to all especially Boss Strat and the team. I have printed a lot of stuff to study and use as a ref for the future and am planning to go thru the thread again after I finish to see what I have missed.

I am checking my charts every day for a SS or hammer at suitable SR, so far no luck, hoping it will just leap out at me like it should. If I think I see something I will check with you guys.

I hope I have not missed a definition/explanation of what a CONFIRMED swing lo/hi is? Can anyone help with that or is it one of those subjective things you just see when it is there?

I attch my GBPJPY daily and monthly charts with my SR lines and a fib for comments as to relevance or otherwise.

Thank you

Larry
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy daily.jpg Size: 136 KB
Click to Enlarge Name: gbpjpy weekly.jpg Size: 128 KB
  • #8,250
  • Dec 7, 2009 6:34am Dec 7, 2009 6:34am
Quoting strat
There are 2 separate levels of minor resistance directly above and above that the 50% Fib retrace level.
Strat,


In going back over the thread a second time, I've been studying in particular the SR posts. I realize the method has been refined as posts progress but I want to be sure I'm understanding minor SR properly.

In some of your earliest posts, it looks as though you show minor resistance as being drawn only from recent swings and not necessarily from a defined level of multiple interaction.

Could you clarify if I am interpreting this correctly and do you still derive minor resistance levels in this fashion?
-m
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpmar02009.gif Size: 32 KB
  • #8,251
  • Dec 7, 2009 7:41am Dec 7, 2009 7:41am
Quoting mstandifer
Strat,


In going back over the thread a second time, I've been studying in particular the SR posts. I realize the method has been refined as posts progress but I want to be sure I'm understanding minor SR properly.

In some of your earliest posts, it looks as though you show minor resistance as being drawn only from recent swings and not necessarily from a defined level of multiple interaction.

Could you clarify if I am interpreting this correctly and do you still derive minor resistance levels in this fashion?
-m
Check out posts 7738 to 7744... There is a great SR 101 that may help with your SR levels and relative weighting.
  • #8,252
  • Dec 7, 2009 8:42am Dec 7, 2009 8:42am
Quoting cliftonarms
Check out posts 7738 to 7744... There is a great SR 101 that may help with your SR levels and relative weighting.
Thank you for referring to Blackeagle's recent SR posts, however, I've read those and am comparing them to some other information earlier in the thread from Strat.
  • #8,253
  • Dec 7, 2009 9:29am Dec 7, 2009 9:29am
Quoting TTMarto

Kinda boring, but better than losing my $$$'s!

Marto
1st Lesson in the bag - CAPITAL PRESERVATION

Sounds so easy but can be so difficult - look at the M5 loser -he didn't learn it and this wasn't his first time either - he also lost on M15.

Learning this lesson is one of the corner stones of trading. Forget it and you just become another forex loser statistic.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,254
  • Dec 7, 2009 9:36am Dec 7, 2009 9:36am
Quoting LarryK

I hope I have not missed a definition/explanation of what a CONFIRMED swing lo/hi is? Can anyone help with that or is it one of those subjective things you just see when it is there?
Larry
CONFIRMED swing highs and lows are definitely NOT subjective - they either ARE or they are NOT - no grey areas.

Keep reading as I think the post where I explained these in detail are later than June. If you get back to here and you still don't know, ask again.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,255
  • Dec 7, 2009 9:44am Dec 7, 2009 9:44am
Quoting mstandifer
Strat,


In going back over the thread a second time, I've been studying in particular the SR posts. I realize the method has been refined as posts progress but I want to be sure I'm understanding minor SR properly.

In some of your earliest posts, it looks as though you show minor resistance as being drawn only from recent swings and not necessarily from a defined level of multiple interaction.

Could you clarify if I am interpreting this correctly and do you still derive minor resistance levels in this fashion?
-m
Marcus, all in good time. Minor SR trading is for advanced students. Let's focus and concentrate on successfully and profitably trading with consistency and repetition, the major SR levels.

Usually, in a swing, the minor SR levels will cause my "wobble" (profit taking/pause/loss of interest) and we should hold through this to the next major SR level.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,256
  • Dec 7, 2009 9:48am Dec 7, 2009 9:48am
Quoting mstandifer
Strat,


In going back over the thread a second time, I've been studying in particular the SR posts. I realize the method has been refined as posts progress but I want to be sure I'm understanding minor SR properly.

In some of your earliest posts, it looks as though you show minor resistance as being drawn only from recent swings and not necessarily from a defined level of multiple interaction.

Could you clarify if I am interpreting this correctly and do you still derive minor resistance levels in this fashion?
-m
Marcus, why have you got VOLUME on your forex charts?

I thought I made it clear to everyone that volume in forex is USELESS for our technical analysis.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,257
  • Dec 7, 2009 9:56am Dec 7, 2009 9:56am
Strat,
i dont want to be a smart ass, but isn't that your chart from March 3, 2009, post #78?
  • #8,258
  • Dec 7, 2009 9:57am Dec 7, 2009 9:57am
Quoting mstandifer
Thank you for referring to Blackeagle's recent SR posts, however, I've read those and am comparing them to some other information earlier in the thread from Strat.
In my earlier posts I was using information from my own trading charts rather than creating charts just for the thread. As I have mentioned many times, do as I say rather than as I do as, while I am still trading PASR, I am using many different techniques, strategies and methods.

I learned that some of these posts were a distraction and not the teaching posts they should have been.

With regard to the explanation and identification of SR levels for the teaching of basic PASR, Blackeagle's posts are the finest there is and is THE GOSPEL for this thread.

These posts have been added to the 1st page.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,259
  • Dec 7, 2009 10:01am Dec 7, 2009 10:01am
Quoting strat
CONFIRMED swing highs and lows are definitely NOT subjective - they either ARE or they are NOT - no grey areas.

Keep reading as I think the post where I explained these in detail are later than June. If you get back to here and you still don't know, ask again.
I was just re-reading this post myself - here is the post where Strat explains confirmed swing highs and lows

http://www.forexfactory.com/showpost...postcount=4483
  • #8,260
  • Dec 7, 2009 10:03am Dec 7, 2009 10:03am
Quoting hcristea
Strat,
i dont want to be a smart ass, but isn't that your chart from March 3, 2009, post #78?
If it is, then my apologies, Marcus.

That was the time when I was LUCKY (very lucky) using volume in my analysis.

It was only after many LOSERS resulting from volume analysis that I researched the volume in forex and found it to be worthless
15 YEARS OF PASR ON FOREX FACTORY!
9 traders viewing now