Strat's Long Term Stress Free Trading | Page 454 | 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

  • #9,061
  • Jan 7, 2010 11:52am Jan 7, 2010 11:52am
Quoting hcristea
I wish you all good health and a better new year

Strat, responding to your open invitation, I'm pretty satisfied with your thread. I gave up my previous trading methods and habbits and now I'm learning PASR and trading the daily TF. I'm following this thread since October 2009. I'm still at the beginning. I read the thread and I know what LarryK nicely summarized in the post #8771 but to know is one thing and to succesfully apply what you know is another.

Repetitio...
Ok, nuff said.

There was a fairy called "Nuff" - Fairy Nuff!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,062
  • Jan 7, 2010 12:41pm Jan 7, 2010 12:41pm
Quoting strat
This pair is one of 11 that you listed as suitable for the newbies to try to trade from SR to SR, now you seem to think that we should stay away from it.

Could we (newbies) please get some clarity on which pairs we should confine ourselves to until we have built confidence and experience of PASR.

As always your responses are appreciated.

[font=Arial]This all depends whether you are trading...
Thanks for that Strat.

I have always only traded real money, lost a bit doing that specially when I was following some stupid system on the 5min chart etc etc.

However when I am learning like now, I just trade very small $/pip, as IBFX offers on mini a/c down to 1c/pip, which is sort of like demo but real money with all the psycho stuff.

So I would like to continue trading all 11 pairs, I will just treat the 'riskier' 5 with greater caution and very small $/pip as if on demo, even a 300 pip stop that loses is not going to hurt my a/c, we are talking fractions of a % of my not very large a/c. I hope you are ok with that, I promise to be selective and careful anyway.

Larry
  • #9,063
  • Jan 7, 2010 12:47pm Jan 7, 2010 12:47pm
Quoting strat
Ok, nuff said.

There was a fairy called "Nuff" - Fairy Nuff!
and her sister Fairy Snow.....

quite apt in the UK at present.
Attached Image
  • #9,064
  • Jan 7, 2010 12:48pm Jan 7, 2010 12:48pm
Quoting LarryK
Thanks for that Strat.

I have always only traded real money, lost a bit doing that specially when I was following some stupid system on the 5min chart etc etc.

However when I am learning like now, I just trade very small $/pip, as IBFX offers on mini a/c down to 1c/pip, which is sort of like demo but real money with all the psycho stuff.

So I would like to continue trading all 11 pairs, I will just treat the 'riskier' 5 with greater caution and very small $/pip as if on demo, even a 300 pip stop that loses is not going to hurt my a/c, we are...
That's a very good common sense approach Larry. Good job. You will do OK.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,065
  • Jan 7, 2010 3:14pm Jan 7, 2010 3:14pm
Quoting LarryK
here it is I hope
Hi Larry,

I think 1.5250 level is more stress free level to look at this pair again, it well defines level on the Boss and Worker.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurcadw-01-07-10.gif Size: 16 KB
Click to Enlarge Name: eurcad-01-07-10.gif Size: 14 KB
  • #9,066
  • Jan 7, 2010 3:17pm Jan 7, 2010 3:17pm
GBPUSD triple pip gifts
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 30 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,067
  • Jan 7, 2010 3:50pm Jan 7, 2010 3:50pm
Not fair!!!!

After putting up with the boring Xmas trading days, now whilst I'm travelling Spain, the thread is full on!!!

LOdsa thing gowing on.

Good luck to all from this roadside hotel in Salamanca

Spinner
Spinner 'Tis in the Waiting.....
  • #9,068
  • Jan 7, 2010 4:02pm Jan 7, 2010 4:02pm
Pre NFP Gamble or a sound trade?
Attached Image (click to enlarge)
Click to Enlarge Name: 01-07-2010_AUDUSD_S_Star.png Size: 82 KB
Trade less and become more profitable!
  • #9,069
  • Jan 7, 2010 4:17pm Jan 7, 2010 4:17pm
Quoting Grimweasel
Pre NFP Gamble or a sound trade?
I was wondering the same thing
  • #9,070
  • Jan 7, 2010 4:23pm Jan 7, 2010 4:23pm
NFP tomorrow no trade is winning trade.
  • #9,071
  • Jan 7, 2010 4:25pm Jan 7, 2010 4:25pm
Lou - especially for you - nudge, nudge, wink, wink, know what I mean!
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy.gif Size: 32 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,072
  • Jan 7, 2010 4:30pm Jan 7, 2010 4:30pm
Quoting patrick25
NFP tomorrow no trade is winning trade.
Finally, someone with DISCIPLINE. Thank you Patrick!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,073
  • Jan 7, 2010 4:45pm Jan 7, 2010 4:45pm
See Post # #9050

Japan Finance Minister Naoto Kan calls for weaker yen

Japan's newly appointed finance minister Naoto Kan has called for a weaker yen in order to aid the recovery of the Japanese economy.
Speaking the day after his appointment, Mr Kan said it would be "nice" to see the currency weaken.

Wow, Kan san didn’t waste any time!

This is NOT a surprise really as Japan was struggling to live with a strong yen (read weak $USD).

Always remember, Japan has the 3rd highest world economy and lives (exists) off it’s exports to the #1 World economy, USA, and needs a strong $USD and a weak JPY.

Japan historically likes to keep the $USD at 100 JPY. Anything above that is gravy on the meat and veg and icing on the cake!

Rumour has it that Alexandra is filling everything she can get her hands on!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,074
  • Jan 7, 2010 4:53pm Jan 7, 2010 4:53pm
Quoting Spinner
Not fair!!!!

After putting up with the boring Xmas trading days, now whilst I'm travelling Spain, the thread is full on!!!

LOdsa thing gowing on.

Good luck to all from this roadside hotel in Salamanca

Spinner
So, paella and el vino rioja instead of haggis and single malt eh lad?
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,075
  • Jan 7, 2010 5:04pm Jan 7, 2010 5:04pm
If you don't know what this means, you know where to go!
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 29 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,076
  • Jan 7, 2010 5:12pm Jan 7, 2010 5:12pm
See Post # #9048

Alexandra:

……………………… I am focused more on the vibrant JPY pairs at the moment,

How many of you read and UNDERSTOOD this?


You can’t beat it when the JPY pairs get their vibrators out!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,077
  • Jan 7, 2010 5:15pm Jan 7, 2010 5:15pm
There are some JPY laggards

What do you expect these to do?
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,078
  • Jan 7, 2010 5:26pm Jan 7, 2010 5:26pm
Quoting strat
See Post # #9050

Japan Finance Minister Naoto Kan calls for weaker yen

Japan's newly appointed finance minister Naoto Kan has called for a weaker yen in order to aid the recovery of the Japanese economy.
Speaking the day after his appointment, Mr Kan said it would be "nice" to see the currency weaken....

Indeed, already full, my boy!!

From Thanksgiving: "Peronally, I think Japan should follow, and they tend to manipulate in large waves,..."

Watch out for selling the news, though. Fortunately, our readers had plenty of warning.
  • #9,079
  • Jan 7, 2010 8:51pm Jan 7, 2010 8:51pm
Quoting strat
GBPUSD triple pip gifts
I noticed the nice range trade going on similar to the eur/jpy but my Boss said not to trade it because the big boys were away. Waiting patiently, aftermost of December whats another day for NFP!


Poncho
" I can read the left side of the chart, the right side's a Bitch!
  • #9,080
  • Jan 8, 2010 12:34am Jan 8, 2010 12:34am
Quoting strat
[font=Arial]
Good question, Jade

Those on The Path should only have the four MAs on their charts nothing else.
I have read through your post on SR and Blackeagles two main posts (one without pics and one with) and though I'm sure my SR line drawing skills will need refining those that I draw on zoomed out charts seem close enough when I F12 through history there are relevant reactions around the lines. I guess its OK to have these on there?

As for TLs, I have been having issues with them to be honest, finding the best points to draw them, and have been using the weekly close chart for drawing lines which gives me my general direction to trade in, but I have removed these and will wait till I get the OK to start working with TLs/DSRIs.

The snow just slid off the roof and buried a car, time to get the shovel out.
5 traders viewing now