Strat's Long Term Stress Free Trading | Page 414 | 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

  • #8,261
  • Dec 7, 2009 10:08am Dec 7, 2009 10:08am
Quoting pipfx
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
Thank you, pipfx.

I will add this post to the 1st page.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,262
  • Dec 7, 2009 10:38am Dec 7, 2009 10:38am
Quoting strat
Pretty powerful stuff!
I'm very disappointed this post didn't provoke the discussion I thought it would with our students.

Oh well, hopefully it sent the lurkers and free loaders off on the wrong tracks!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,263
  • Dec 7, 2009 10:39am Dec 7, 2009 10:39am
Quoting strat
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.
This is good enough, Strat. Just looking for clarification.

Quoting strat
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
As always, on this thread, no apologies necessary. I should have added comments stating where the chart came from. I'll do that in the future.

Looks like hcristea has one of those photographic memories. Thanks for saving me from a lashing! My charts are still void of anything save Strat approved fare: 4 MAs and SR.
  • #8,264
  • Dec 7, 2009 10:44am Dec 7, 2009 10:44am
hey strat,
have been reading your posts, good stuff and keep it up.

I am also a swing trader, and find H4 below charts to have too much noises and giving me bunch fake outs. (but my main chart is the H4 chart)
I recently just experienced some losing trades. I went long around 1.48 level (actually at 1.4870, which is the support by a long term 50 SMA) hoping the support would hold, and set my SL right below it. got blown out of the trade, but in proabbility and long term perspective was i correct to make my trade decision?

Also, from my understanding of your posts, you use price action such as candlesticks to find how prices act around S&R. which do you think is more important? trending or horizontal support and resistance?

Do you consider Elliott wave into your trading?
  • #8,265
  • Dec 7, 2009 10:49am Dec 7, 2009 10:49am
Quoting strat
I'm very disappointed this post didn't provoke the discussion I thought it would with our students.

Oh well, hopefully it sent the lurkers and free loaders off on the wrong tracks!
When I first saw this post, I thought it was a casual vague reply to my asking how to trade EURJPY when it appeared to be a difficult setup and to just pay attention to where it was on the fib with nearby confluence.

I didn't take it as anything else because it was posted during the middle of the day and the shooting star as pictured was not relevant and shouldn't have been traded from.
-m
  • #8,266
  • Dec 7, 2009 10:49am Dec 7, 2009 10:49am
Quoting halfstep
hey strat,...
All the answers to your questions are in this thread. If you intend on being a serious trader you will take the time and trouble to read the thread from beginning to end.

If you do, it WILL IMPROVE YOUR TRADING as it has done for so many others.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,267
  • Dec 7, 2009 10:51am Dec 7, 2009 10:51am
Quoting mstandifer
When I first saw this post, I thought it was a casual vague reply to my asking how to trade EURJPY when it appeared to be a difficult setup and to just pay attention to where it was on the fib with nearby confluence.

I didn't take it as anything else because it was posted during the middle of the day and the shooting star as pictured was not relevant and shouldn't have been traded from.
-m
Another step, Marcus, good lad!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,268
  • Dec 7, 2009 11:30am Dec 7, 2009 11:30am
December and therefore, end of year trading, is usually a thin and volatile period. Many of the big boys have already made their targets and are already gone until the New Year.

This leaves us with thin (low volume) markets which amplify the moves (increased volatility). These are the times when spikes and gaps do serious damage to our trading accounts.

Don't think that your SL will protect you in spike and gap conditions - under these conditions your SL could be 120% to 150% more and sometimes 200% more by the time it is filled.

These are also the times when ego minded understudies to the big boys play their games - stop runs.

Since I follow the big boys, I have already cut back in my trading and will only initiate new ATM trades with reduced stakes.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,269
  • Dec 7, 2009 12:13pm Dec 7, 2009 12:13pm
Quoting Jideck
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
Hi Jideck,

It's ranging analysis of eurjpy that Blackeagle was doing way back early posts. Some thing like 500 pips range that he would play the bounce. I was just thinking give it a name which is BRB(hope Blackeagle does not mind). Beside, It sounds pretty good for lurkers to think that we are on to something.
  • #8,270
  • Dec 7, 2009 12:15pm Dec 7, 2009 12:15pm
Quoting strat
I'm very disappointed this post didn't provoke the discussion I thought it would with our students.

Oh well, hopefully it sent the lurkers and free loaders off on the wrong tracks!
When I saw this post, I looked around and say all the yens moving in tandem. As the move had been so strong I wondered if you were pointing at finding a level to short that rise..yet that wud have required some PA, same to take a long to 138, so I felt a bit lost.

Deep inside I recognized that ol' feeling of wanting to jump in....it wasn't difficult to send it for a walk

Spinner
Spinner 'Tis in the Waiting.....
  • #8,271
  • Dec 7, 2009 12:32pm Dec 7, 2009 12:32pm
Quoting Spinner
As the move had been so strong I wondered if you were pointing at finding a level to short that rise.............so I felt a bit lost.

Deep inside I recognized that ol' feeling of wanting to jump in....it wasn't difficult to send it for a walk

Spinner
Well it got YOUR motor running but at least you knew to pull the plug! Good exercise in controlling your emotions.

Read mstandifer's reply for more information
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,272
  • Dec 7, 2009 2:47pm Dec 7, 2009 2:47pm
Quoting patrick25
Hi Jideck,

It's ranging analysis of eurjpy that Blackeagle was doing way back early posts. Some thing like 500 pips range that he would play the bounce. I was just thinking give it a name which is BRB(hope Blackeagle does not mind). Beside, It sounds pretty good for lurkers to think that we are on to something.
Hi Patrick

OK, that's sorts this out. I was suspecting some serious omission on my part as BRB sounds very important and to miss it could spell trouble. I bet Blackeagle will laugh some more at this description.
But putting this aside, the range is substantial and trading within it would be OK if you are to go from minor SR to the next SR only when your SR lines are put correctly in place.
I wait for PA to move close to my major SR and observe.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon12.gif
Jideck
  • #8,273
  • Dec 7, 2009 4:04pm Dec 7, 2009 4:04pm
More needlework classes for those interested
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 35 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,274
  • Dec 7, 2009 4:08pm Dec 7, 2009 4:08pm
Quoting strat
More needlework classes for those interested
And a nice wedge forming too.
  • #8,275
  • Dec 7, 2009 4:15pm Dec 7, 2009 4:15pm
More needlework classes
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 26 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,276
  • Dec 7, 2009 4:23pm Dec 7, 2009 4:23pm
Her beloved 133 has let her down - but we don't care!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 37 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,277
  • Dec 7, 2009 4:32pm Dec 7, 2009 4:32pm
Quoting strat
More needlework classes
Aren't they tell us similar thing? http://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #8,278
  • Dec 7, 2009 4:35pm Dec 7, 2009 4:35pm
Quoting strat
More needlework classes
I look at this pair but felt uneasy with the 4 recent tests around the 9300 figure with the last 2 failing to reach HHs. To me it looks like a rising triangle with a firm ceiling.

I can feel Dr Joe turning in his grave, am I being too picky ???

A possible "easy" 100 pip ATM drive up to the 9300 but are we still with trend or entering consolidation ?.

I'm out till the market makes her mind up.
  • #8,279
  • Dec 7, 2009 4:35pm Dec 7, 2009 4:35pm
Quoting Jideck
Aren't they tell us similar thing? http://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
What are they telling you?
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,280
  • Dec 7, 2009 4:39pm Dec 7, 2009 4:39pm
Quoting cliftonarms
I look at this pair but felt uneasy with the 4 recent tests around the 9300 figure with the last 2 failing to reach HHs. To me it looks like a rising triangle with a firm ceiling.

I can feel Dr Joe turning in his grave, am I being too picky ???

A possible "easy" 100 pip ATM drive up to the 9300 but are we still with trend or entering consolidation ?.
Not challenging your view strat

What is my view? Have I stated my view? I have just presented the facts, Watson!
15 YEARS OF PASR ON FOREX FACTORY!
2 traders viewing now