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Strat's Long Term Stress Free Trading

  • #9,281
  • Jan 18, 2010 1:16am Jan 18, 2010 1:16am
I see you are refering allot o BOSS and BIG BOSS, what do you mean with this?
  • #9,282
  • Jan 18, 2010 1:18am Jan 18, 2010 1:18am
Quoting patrick25
Hi Hcristea,

We know that USDCAD is hitting major support but we are not in the hurry to jump in yet. I see the immediate resistance at 1.0450. I see the patterns that she tried to reverse twice. May the third attemp success? I will let price moves first leg up to 1.0450-0700 and will see what happen. I know we will miss a lot of pips but we are not trying to pick bottom.
Hi Patrickhttp://cdn.forexfactory.com/images/icons/icon7.gif

Would you consider change of the existing trend if the swing at 1.0750 is taken out or the one after that at 1.0852? and another instance, would the trade off the major support towards the nearest resistance be within the aspect of the teaching here or it is too close to the bottom to be considered as such?

What is your opinion here?

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #9,283
  • Jan 18, 2010 1:23am Jan 18, 2010 1:23am
Quoting Chunnel
I see you are refering allot o BOSS and BIG BOSS, what do you mean with this?
Hi Chunnelhttp://cdn.forexfactory.com/images/icons/icon7.gif

Welcome to this thread.

You need to start at the beginning to learn and understand what is taught here. If you go to post one and proceed from there you will learn the names and descriptions of things in due course, it is all worth it.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #9,284
  • Edited 2:14am Jan 18, 2010 1:47am | Edited 2:14am
Hi Patrick & Strat,

yes, looking for a long on USDCAD is bottom picking. I usually don't do this but instead I like to trade with the trend, Dr. Joe's style. But with all the chatter about weak CAD I think I got a bullish bias.

This wont stop me take a SHORT if the opportunity presents.

Friday's IB and Boss doji its a pause only. I don't know where the price will go but I would like to take that train. I'm waiting patiently for now

LATER EDIT:
Shorting USDCAD would be the safest if the Big Boss hammer low will be broken. Long is counter trend and within the Big Boss hammer (post #9232).
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  • #9,285
  • Jan 18, 2010 2:37am Jan 18, 2010 2:37am
Quoting hcristea

Shorting USDCAD would be the safest if the Big Boss hammer low will be broken. Long is counter trend and within the Big Boss hammer (post #9232).
Agree.
  • #9,286
  • Jan 18, 2010 2:45am Jan 18, 2010 2:45am
Worth watching, IMO.
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  • #9,287
  • Jan 18, 2010 2:50am Jan 18, 2010 2:50am
Another one worth watching. Nice, tradable distances between SR lines.


ps. sorry for black background, I have a problem with my other software, atm.
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  • #9,288
  • Jan 18, 2010 3:09am Jan 18, 2010 3:09am
And another one. We'll see if buyers are strong enough.
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  • #9,289
  • Jan 18, 2010 8:01am Jan 18, 2010 8:01am
I haven't posted for some time and apologize for that. I think when the thread split off and then re-merged, I got confused. Additionally, I had some personal issues (not trading related) I was dealing with from September to December.

I just want to thank Strat and the team for a great thread. I'll be sending Naws a pm to get on the path if you all will have me. The core of my trading has always been price action at support/resistance, but I have been trying to adopt a scalping method as an addition and am at my wits end. Why go though all that stress for 10 to 25 pips a day when 100s of pips are available Strat style and stress free? Well back to page 1 see you!
"Don't trade to trade . . . trade to win." - James16
  • #9,290
  • Jan 18, 2010 9:33am Jan 18, 2010 9:33am
Quoting Flem26
I haven't posted for some time and apologize for that. I think when the thread split off and then re-merged, I got confused. Additionally, I had some personal issues (not trading related) I was dealing with from September to December.

I just want to thank Strat and the team for a great thread. I'll be sending Naws a pm to get on the path if you all will have me. The core of my trading has always been price action at support/resistance, but I have been trying to adopt a scalping method as an addition and am at my wits end. Why go though all that...
I'll be sending Naws a pm to get on the path if you all will have me. The core of my trading has always been price action at support/resistance, but I have been trying to adopt a scalping method as an addition and am at my wits end. Why go though all that stress for 10 to 25 pips a day when 100s of pips are available Strat style and stress free? Well back to page 1 see you!

Serious students are ALWAYS welcome.

Will you have the PATIENCE and DISCIPLINE to overcome your need for ACTION during the day?

Many students before you have not been able to satisfy their adrenalin rush and gaming desires and have learned the basics (but not the psyche) of PASR and subsequently gone off into the wild blue yonder of forex short time frames and blown their accounts never to be seen again.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,291
  • Jan 18, 2010 9:40am Jan 18, 2010 9:40am
Quoting strat
[b][i][color=blue][font=Arial] Many students before you have not been able to satisfy their adrenalin rush and gaming desires and have learned the basics (but not the psyche) of PASR and subsequently gone off into the wild blue yonder of forex short time frames and blown their accounts never to be seen again.
That is why the Turtles played ping pong.
  • #9,292
  • Jan 18, 2010 9:47am Jan 18, 2010 9:47am
Quoting Lou
That is why the Turtles played ping pong.
That is why the Turtles played ping pong.

Which year was that?

I only remember “It Ain’t Me Babe” 1965, “You Baby” 1966 and “Happy Together” 1967
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,293
  • Jan 18, 2010 9:50am Jan 18, 2010 9:50am
Quoting strat
That is why the Turtles played ping pong.

Which year was that?

I only remember “It Ain’t Me Babe” 1965, “You Baby” 1966 and “Happy Together” 1967
No.. I mean the Turtle Traders. The top guys would set their trades by the rules and then play ping pong in the office. They had a room set aside for it.
  • #9,294
  • Jan 18, 2010 9:55am Jan 18, 2010 9:55am
Quoting Lou
No.. I mean the Turtle Traders. The top guys would set their trades by the rules and then play ping pong in the office. They had a room set aside for it.
I know! My humour got the better of me!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,295
  • Jan 18, 2010 10:03am Jan 18, 2010 10:03am
One of my favorite quotes... read it as a kid... long ago. ------

Perfect for traders:

"We have seen the enemy, and he is us !"

-- Pogo
  • #9,296
  • Jan 18, 2010 10:12am Jan 18, 2010 10:12am
USDJPY Daily as seen from a distance.
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  • #9,297
  • Jan 18, 2010 10:18am Jan 18, 2010 10:18am
Quoting Blackeagle
Another one worth watching. Nice, tradable distances between SR lines.


ps. sorry for black background, I have a problem with my other software, atm.

Yes, I am with you. GBP is interesting...I'd throw GBPJPY in the watch list again as well.
  • #9,298
  • Jan 18, 2010 11:43am Jan 18, 2010 11:43am
Quoting strat
I'll be sending Naws a pm to get on the path if you all will have me. The core of my trading has always been price action at support/resistance, but I have been trying to adopt a scalping method as an addition and am at my wits end. Why go though all that stress for 10 to 25 pips a day when 100s of pips are available Strat style and stress free? Well back to page 1 see you!...
Yes. I have the patience and discipline. Looking forward to participate. Thanks for having me.
"Don't trade to trade . . . trade to win." - James16
  • #9,299
  • Jan 18, 2010 1:28pm Jan 18, 2010 1:28pm
i sow the usd/jpy daily and i think the first TP is 89.30
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My humble opinion.
  • #9,300
  • Jan 18, 2010 1:45pm Jan 18, 2010 1:45pm
Quoting Jideck
Hi Patrickhttp://cdn.forexfactory.com/images/icons/icon7.gif

Would you consider change of the existing trend if the swing at 1.0750 is taken out or the one after that at 1.0852? and another instance, would the trade off the major support towards the nearest resistance be within the aspect of the teaching here or it is too close to the bottom to be considered as such?

What is your opinion here?

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
Hi Jideck,

Strat already pointed us out on "change of the existing trend" on the post after my post. I will trade on PASR in direction of the Boss. If the pair has PASR but not in direction of the Boss, I will pass and look of the one that does. I think trading with this objective in mind at this stage, I am trainning myself the discipline and have time to learn the market because I don't look for trades all the time or the feeling of missing one.
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