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Strat's Long Term Stress Free Trading

  • #8,621
  • Dec 18, 2009 7:04pm Dec 18, 2009 7:04pm
Quoting mstandifer
I haven't read anything since my last post. Been a bit occupied with our newest trader.

Everyone should begin thinking about guarding your wallets. We start them young around here. (I already play the 'Is the next candle red or green?' game with my daughter).

Please welcome Garrett James. December 12/16/2009.

I'll play catch up after a bit.
-m
Congratulations on the new addition Marcus!
  • #8,622
  • Dec 18, 2009 7:22pm Dec 18, 2009 7:22pm
Quoting mstandifer
I haven't read anything since my last post. Been a bit occupied with our newest trader.

Everyone should begin thinking about guarding your wallets. We start them young around here. (I already play the 'Is the next candle red or green?' game with my daughter).

Please welcome Garrett James. December 12/16/2009.

I'll play catch up after a bit.
-m
Congratulations, mate. He is showing us what to do when the market is quiet.
  • #8,623
  • Dec 18, 2009 7:40pm Dec 18, 2009 7:40pm
Quoting mstandifer
I haven't read anything since my last post. Been a bit occupied with our newest trader.

Everyone should begin thinking about guarding your wallets. We start them young around here. (I already play the 'Is the next candle red or green?' game with my daughter).

Please welcome Garrett James. December 12/16/2009.

I'll play catch up after a bit.
-m
Hey Marcus, he looks just like you ! Shhhhhh
  • #8,624
  • Dec 18, 2009 10:43pm Dec 18, 2009 10:43pm
Quoting mstandifer
I haven't read anything since my last post. Been a bit occupied with our newest trader.

Everyone should begin thinking about guarding your wallets. We start them young around here. (I already play the 'Is the next candle red or green?' game with my daughter).

Please welcome Garrett James. December 12/16/2009.

I'll play catch up after a bit.
-m
May I add my congratulations, well done to the mother, he looks like a very fine boy

Larry
  • #8,625
  • Dec 19, 2009 1:55am Dec 19, 2009 1:55am
Quoting mstandifer
I haven't read anything since my last post. Been a bit occupied with our newest trader.

Everyone should begin thinking about guarding your wallets. We start them young around here. (I already play the 'Is the next candle red or green?' game with my daughter).

Please welcome Garrett James. December 12/16/2009.

I'll play catch up after a bit.
-m
Congratulations, Hope the baby and mother are doing great...

Strat, I am super busy at work so will play catch up soon during holidays maybe from Maui...
  • #8,626
  • Dec 19, 2009 4:26am Dec 19, 2009 4:26am
Quoting mstandifer
I haven't read anything since my last post. Been a bit occupied with our newest trader.

Everyone should begin thinking about guarding your wallets. We start them young around here. (I already play the 'Is the next candle red or green?' game with my daughter).

Please welcome Garrett James. December 12/16/2009.

I'll play catch up after a bit.
-m
Congratulations old boy... You'll be trading the midnight hour with a bottle in the other hand for the next few months..
  • #8,627
  • Edited 3:19pm Dec 19, 2009 1:42pm | Edited 3:19pm
Quoting mstandifer
I haven't read anything since my last post. Been a bit occupied with our newest trader.

Everyone should begin thinking about guarding your wallets. We start them young around here. (I already play the 'Is the next candle red or green?' game with my daughter).

Please welcome Garrett James. December 12/16/2009.

I'll play catch up after a bit.
-m
Well dun!! And the most important thing is to spend time enjoying him, I swear.

Spinner
Spinner 'Tis in the Waiting.....
  • #8,628
  • Dec 19, 2009 3:27pm Dec 19, 2009 3:27pm
"Sometimes when I reflect back on all the wine I drink
I feel shame. Then I look into the glass and think
about the workers in the vineyards and all of their hopes
and dreams .. If I didn't drink this wine, they might be out
of work and their dreams would be shattered.
Then I say to myself, "It is better that I drink this wine and let their dreams come true than be selfish and worry about my liver."

WARNING: The consumption of alcohol may leave you wondering what the hell
happened to your bra and panties.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"I feel sorry for people who don't drink. When they
wake up in the morning, that's as good as they're
going to feel all day. "
~Frank Sinatra

WARNING: The consumption of alcohol may create the illusion that you are tougher, smarter, faster and better looking than most people.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"When I read about the evils of drinking, I gave up reading."
~ Henny Youngman

WARNING: The consumption of alcohol may lead you to think people are laughing WITH you.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"24 hours in a day, 24 beers in a case. Coincidence? I think not."
~ Stephen Wright

WARNING: The consumption of alcohol may cause you to think you can sing.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"When we drink, we get drunk. When we get drunk,
we fall asleep. When we fall asleep, we commit no sin.
When we commit no sin, we go to heaven. So, let's all
get drunk and go to heaven!"
~ Brian O'Rourke

WARNING: The consumption of alcohol may cause pregnancy.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Beer is proof that God loves us and wants us to be happy."
~ Benjamin Franklin

WARNING: The consumption of alcohol is a major factor in dancing like a spaz.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"Without question, the greatest invention in the
history of mankind is beer. Oh, I grant you that the
wheel was also a fine invention, but the wheel does
not go nearly as well with pizza."
~ Dave Barry

WARNING: The consumption of alcohol may cause you to tell your friends over and over again that you love them.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
To some, it's a six-pack, to me it's a Support Group. Salvation in a can!
~Dave Howell

WARNING: The consumption of alcohol may make you think you can logically converse with members of the opposite sex without spitting.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
And saving the best for last, as explained by Cliff Clavin, of Cheers.
One afternoon at Cheers, Cliff Clavin was explaining the Buffalo Theory to his buddy Norm. Here's how it went:

" Well ya see, Norm, it's like this... A herd of buffalo can only move as fast as the slowest buffalo. And when the herd is hunted, it is the slowest and weakest ones at the back that are killed first. This natural selection is good for the herd as a whole, because the general speed and health of the whole group keeps improving by the regular killing of the weakest members. In much the same way, the human brain can only operate as fast as the slowest brain cells. Excessive intake of alcohol, as we know, kills brain cells. But naturally, it attacks the slowest and weakest brain cells first. In this way, regular consumption of beer eliminates the weaker brain cells, making the brain a faster and more efficient machine. That's why you always feel smarter after a few beers."

WARNING: The consumption of alcohol may make you think you are whispering when you are not.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,629
  • Dec 19, 2009 4:49pm Dec 19, 2009 4:49pm
Quoting strat
"Sometimes when I reflect back on all the wine I drink
I feel shame. Then I look into the glass and think
about the workers in the vineyards and all of their hopes
and dreams .. If I didn't drink this wine, they might be out
of work and their dreams would be shattered.
Then I say to myself, "It is better that I drink this wine and let their [b][color=#00007F]dreams come true than...

Wise comments for a Saturday night!!

Spinner
Spinner 'Tis in the Waiting.....
  • #8,630
  • Dec 19, 2009 5:09pm Dec 19, 2009 5:09pm
Ho Ho Ho!
Attached Image (click to enlarge)
Click to Enlarge Name: santa trade.gif Size: 32 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,631
  • Dec 19, 2009 8:12pm Dec 19, 2009 8:12pm
Quoting strat
"Sometimes when I reflect back on all the wine I drink
My Grandma always said don't trust people who don't drink or eat sheep's head broth. You will be pleased to know I think you are OK. I may regret this wine induced post. Have a good Christmas.
Gone to a better place
  • #8,632
  • Dec 19, 2009 9:56pm Dec 19, 2009 9:56pm
Quoting Lotuselanman
That's how I often feel Jideck! There is something rather 'pure' about PASR, using the guidance of the Monthly, the Weekly to decide a trade on the Daily and the principle of only taking a trade if it 'jumps out at you'. I can cope with that and frequently get jittery when confronted with yet more possible things to take into account.

Just when I think I am getting the feeling of what is behind the candles some other bit of info comes along and I wonder if I know anything at all! So I continue to take trades infrequently, use the 'jumping out'...
Hi Christopherhttp://cdn.forexfactory.com/images/icons/icon7.gif

It is good to know that I am not alone in this learning and trading. There is so much opportunity here that we cannot just leave it alone. Patience and the rules of PASR is more than I could have wanted to trade and be in profit.

I am in the same boat as you and I hope that our "skipper" (Strat) and others still will have enough patience to listen to our queries in time to come.

Too much knowledge can be daunting but we know now what in principle we have to look for to execute trades and this is for me the primary objective, just as you say.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #8,633
  • Dec 19, 2009 10:05pm Dec 19, 2009 10:05pm
Quoting mstandifer
I haven't read anything since my last post. Been a bit occupied with our newest trader.

Everyone should begin thinking about guarding your wallets. We start them young around here. (I already play the 'Is the next candle red or green?' game with my daughter).

Please welcome Garrett James. December 12/16/2009.

I'll play catch up after a bit.
-m
Hi Marcushttp://cdn.forexfactory.com/images/icons/icon6.gif

What a Festive Season's gift you have recieved, good on you!

Congratulations and have a great time with him.

Best regardshttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck and Wife
  • #8,634
  • Dec 19, 2009 10:08pm Dec 19, 2009 10:08pm
Quoting strat
"Sometimes when I reflect back on all the wine I drink
I feel shame.Then I look into the glass and think
about the workers in the vineyards and all of their hopes
and dreams ..If I didn't drink this wine, they might be out
of work and their dreams would be shattered.
[b][color=#00007f]Then I say to myself, "It...
Hi Strat

I will have a shot of vodka then!

Regards
Jideck
  • #8,635
  • Dec 19, 2009 10:19pm Dec 19, 2009 10:19pm
This is the time that I usually do my AUDUSD analysis, however last week Blackeagle has done that and I thought that to repeat it is not necessary, he does it so much better.

This is the time when we have our family time and rest before next year.

Before I depart on holiday I have to say this, I believe that we have a much greater chance to become better traders by sticking to Strats Stress Free Trading.

If I look at the time last year and now it is like I am looking at a new person (relating to trading), I have a different outlook on trading and my attitude has changed so much and I am in profit. And all of this thanks to all who participate in this thread especially Strat, Blackeagle, Alexandra, Nicola, Dave, Christopher, Soso, Lou, Patrick, Marcus and others. Without you this would not be possible - PASR RULE.

Have a great Christmas and Prosperous New Year 2010.

Jideck and Wife
  • #8,636
  • Dec 19, 2009 11:15pm Dec 19, 2009 11:15pm
Quoting mstandifer
I haven't read anything since my last post. Been a bit occupied with our newest trader.

Everyone should begin thinking about guarding your wallets. We start them young around here. (I already play the 'Is the next candle red or green?' game with my daughter).

Please welcome Garrett James. December 12/16/2009.

I'll play catch up after a bit.
-m
Congratulations m.

Our newest "stress-free" trader has joined the team!

Have a wonderful holiday season.

Dave
  • #8,637
  • Dec 19, 2009 11:44pm Dec 19, 2009 11:44pm
Quoting Jideck
This is the time that I usually do my AUDUSD analysis, however last week Blackeagle has done that and I thought that to repeat it is not necessary, he does it so much better.

This is the time when we have our family time and rest before next year.

Before I depart on holiday I have to say this, I believe that we have a much greater chance to become better traders by sticking to Strats Stress Free Trading.

If I look at the time last year and now it is like I am looking at a new person (relating to trading), I have a different outlook on trading...
Jideck, like you, I truly appreciate the opportunity to learn to trade here on Strat's team.

I have learned from each and every one of you, and every day is bringing me closer to my goal of consistently profitable trading. Without what we have all shared here I would surely still be spinning my wheels in a futile attempt to reach my objectives using worthless indicators and hopeless strategies.

Since I have joined up with Strat, yourself, and my many other friends here, I can honestly say now I have hope to be able to make a living, and a life, as a forex trader. Yes, I know it may be many miles and countless trials and errors to endure before I reach that point, but I have hope. Realistic hope. That is much more than I had before. Sometimes all the sacrifice and hard work does pay off.

I'm very fortunate and thankful to be a part of our group, and someday want to be able to help others learn and progress as I have.

Happy and safe holidays to you all,
Dave
  • #8,638
  • Dec 20, 2009 8:39am Dec 20, 2009 8:39am
Quoting Jideck
Hi Christopherhttp://cdn.forexfactory.com/images/icons/icon7.gif

It is good to know that I am not alone in this learning and trading. There is so much opportunity here that we cannot just leave it alone. Patience and...
Well all I can say is that keeping it simple and taking only a few trades that look good works for me! It is not so much the purity of the shape of the candle but what it might mean in its context and that context can stretch a few daily bars and more..... Anyway. so far up 6% in the last 5 months - not a lot but so much better than being 6% down! And I certainly wouldn't get that in a savings account, and its tax free in the Uk.

Mind you it could easily change tomorrow if I don't keep a very careful watch on it. Just a couple of bad ones would knock it out without good MM.

I haven't cracked the SL and the exiting really but little by little......

So Jideck, I wish you a Merry Christmas or whatever you celebrate at this time of the year, and all the best for trading when it all kicks off again after the New year.

AND all the same good wishes to Strat and his expert companions and all who have contributed to this thread and helped us all to learn that bit more so we might actually survive in this difficult trading business!
  • #8,639
  • Dec 20, 2009 1:17pm Dec 20, 2009 1:17pm
Just a wee comment on the issue of different brokers and therefore sometimes different signals.

I was looking at usd/cad, roughly monthly and weekly down/ in a range (1.07700/1.0403)

Then went to the daily, and saw that my Oanda chart (black) was completely different than my Broco one yet and this can be interesting, if I was looking to short the loonie ath this point (bounce of resistance (red)1.0770) and bigger one at 1.0681, weekly rejection of 20 ema....

Oanda gives me a shooting star and a doji for uncertainity so a sell at 1.0617, ten pips under the doji.

Broco daily gives me and inside bar so sell under the bottom of the previous bar: 1.0600.

17 pips difference. Depending on where I thougt it would head to it's not such a big thing. Except that maybe we're not trading inside bars here.

Just and example.

Spinner
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd cad 22009-12-20_19-01.jpg Size: 281 KB
Click to Enlarge Name: usd cad 2009-12-20_18-57.jpg Size: 118 KB
Spinner 'Tis in the Waiting.....
  • #8,640
  • Dec 20, 2009 1:27pm Dec 20, 2009 1:27pm
What a sell off in euro (and gold)!! 61 days up, 11 days down and we're back at 1.4300.

We seem to have got to a nice support area, 250 ema and we are presented with...don't quite know what we'll call this last daily candle, yet it shows indecision.

Indecision also on the 10/12, 14/12 and 16/12/2009. Will this be different?

PA will say.

Another penny

Spinner
Attached Image (click to enlarge)
Click to Enlarge Name: euro usd 2009-12-20_19-02.jpg Size: 99 KB
Spinner 'Tis in the Waiting.....
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