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Strat's Long Term Stress Free Trading

  • #9,461
  • Jan 25, 2010 11:20am Jan 25, 2010 11:20am
Quoting pi piper
Price has made its way back up to 1.69 today. The Worker looks very Bullish to me and its cousin EUR GBP is pointing Down. If you liked this Short off the BEEB would you open a position here with your stop above 1.7 as discussed?
Remember we make our entries after the CLOSE of the daily candle, an entry now would be based on predicting what price will do at resistance and no one can tell what price will do. You may still get your short entry as price is still within the range of the Boss SS and that is the controller of the worker. As Naws said you will have to watch PA around the 1.700 energy zone.
  • #9,462
  • Jan 25, 2010 11:23am Jan 25, 2010 11:23am
Quoting strat
Worker candles are part of the Worker swings are part of the BOSS candles are part of the BOSS swings are part of the BIG BOSS candles are part of the BIG BOSS swings!
Thank you for another Strat pip in my pocket. I am appreciated your generosity.
  • #9,463
  • Jan 25, 2010 12:07pm Jan 25, 2010 12:07pm
I am encouraged somewhat today that the carnage has stopped and found an excuse to rebound to some extent. The USDCHF chart is again the one that has my eye.
  • #9,464
  • Jan 25, 2010 1:02pm Jan 25, 2010 1:02pm
I have asked this before but could you guys PLEASE put the pair you are discussing in the title specially if a chart is not attached, very difficult to follow the discussion otherwise, I am sure others would appreciate this as well. Larry

I agree

Spinner

(Still travelling about)
Spinner 'Tis in the Waiting.....
  • #9,465
  • Jan 25, 2010 1:58pm Jan 25, 2010 1:58pm
Hi all,

I just thought I would let everyone know that I began doing a daily analysis of of about 18 pairs and it's really helping me with candle recognition and S/R lines. Somewhere in the post Strat posted an excel spread sheet for an example and I changed a few things around to suit my taste. I feel this has helped me a great deal already this year. I go through each pair right after the 5:00pm (est) close as near as possible, being lucky enough to be in that time zone. In the past I always looked at the charts every day but I found out I wasn't as thorough as possible but I still don't over analyze things. Anyway, if your going to treat this as a business I suggest that you try it, I feel it's really helping me become a better trader and my account balance proves it!

Best to all, Poncho.
" I can read the left side of the chart, the right side's a Bitch!
  • #9,466
  • Jan 25, 2010 3:09pm Jan 25, 2010 3:09pm
My advice for STRESS FREE TRADING.

If you are new to Forex Trading the first thing you should do is forget about Robots.

If there was any Robot that made consistent profits, who would be stupid enough to go to all the trouble, and expense, of advertising and selling it.

They could just sit at home and make huge profits everyday.

There is only one way to make money trading Forex and that is to learn how to operate a safe, stressless system. You must also be realistic about your profits. Be content with regular small gains and compounding will make you rich.

Be patient, there is no such thing as a get rich system in Forex or anything else.

I trade on average six hours per week, sometimes less, the rest of my time I spend enjoying myself. I have seen too many burnt out traders to ever want to go down that road.

But you must learn how to trade correctly. I took an excellent on line training course, I used the best Broker, OANDA, and initially traded using their Demo account. This way you can trade without risking your capital until you are confident enough to go live with real money.

Feel free to contact me if you need any details.

Robert.
  • #9,467
  • Jan 25, 2010 5:03pm Jan 25, 2010 5:03pm
  •  Sid
  • | Joined May 2009 | Status: Get wise or die laughing | 85 Posts
Strat's wobble wobbling about?
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP 2010-01-25.png Size: 41 KB
  • #9,468
  • Jan 25, 2010 5:46pm Jan 25, 2010 5:46pm
Quoting robwill
My advice for STRESS FREE TRADING.

If you are new to Forex Trading the first thing you should do is forget about Robots.

If there was any Robot that made consistent profits, who would be stupid enough to go to all the trouble, and expense, of advertising and selling it.

They could just sit at home and make huge profits everyday.

There is only one way to make money trading Forex and that is to learn how to operate a safe, stressless system. You must also be realistic about your profits. Be content with regular small gains and compounding will...

Feel free to contact me if you need any details.

Details for what? This thread is the path to learn to trade.

It seems like you are on here to promote an OANDA account or a method to trade, either way, nothing to do with Strat's method of stress free trading.

You should start at page 1.
  • #9,469
  • Jan 25, 2010 6:27pm Jan 25, 2010 6:27pm
If you take the time and effort and practice and practice on thousands of charts you will learn the power of PASR and the benefits and profits to your trading account.

This is what I posted on Post #9348 January 20, 2010

“”Watch out for psycho 1.06 – there is Worker SR there causing a lot of noise and mish mash.””

At Monday’s NY close, January 26, 2010, USDCAD PRICE is STILL battling with this very important level.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad jan 26 2010.gif Size: 33 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,470
  • Jan 25, 2010 6:28pm Jan 25, 2010 6:28pm
Quoting robwill
My advice for STRESS FREE TRADING.
Robert,

It looks like I got to you before the rest of the thread has their way with you. I'll do you a courtesy you might not otherwise receive...I read all 5 of your posts on FF and it appears that you would like to find something that actually works.

You should know that posting here with that type of post is going to bring you nothing but ridicule and an admonishment from the rest to go to the beginning of the thread.

This thread will teach you what works...it will take a long time and there is a lot to learn but it's worth it. Start reading at page 1 of this thread and keep reading until you get back here. Anyone on this thread that is still here has done this. We are serious about learning to trade. This isn't about systems, it's about learning what those bars mean and when to do what.

If you have questions as you go along everyone here is more than happy to help, provided you are actually reading from the beginning.

Good luck, Robert.

-m
  • #9,471
  • Jan 25, 2010 7:22pm Jan 25, 2010 7:22pm
Quoting patrick25
It is classic PA and Blackeagle style combine. Price went straight up to resistance, each candle closed higher than previous candle until last candle at resistance. The next candle opened lower and closed lower than the last candle. The near support at 1.6750, price may lose momentum if a bounce here but it is a good setup.
As expected before put on a trade, price would bounce at near support 1.6750 level. This level proves two things to me. Price finds support and turns around goes higher take out my SL and that o.k because I already measured the risk before put on the trade. Second, if price closed below 1.6750, I have more confident hold the trade to next support.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf-01-26-10.gif Size: 13 KB
  • #9,472
  • Jan 25, 2010 9:39pm Jan 25, 2010 9:39pm
Quoting robwill

There is only one way to make money trading Forex and that is to learn how to operate a safe, stressless system.
I disagree. There is a wide assortment of ways to make money trading forex. This is simply one of them.

Welcome, and I hope you choose to read and understand what this is trading method is all about by beginning at the first page of this thread.

Dave
  • #9,473
  • Jan 25, 2010 10:10pm Jan 25, 2010 10:10pm
Quoting Sid
Strat's wobble wobbling about?
Another attempt for 0.8650.
  • #9,474
  • Jan 25, 2010 10:40pm Jan 25, 2010 10:40pm
Quoting Alexandra
I am encouraged somewhat today that the carnage has stopped and found an excuse to rebound to some extent. The USDCHF chart is again the one that has my eye.
If you look at both Boss and Worker charts for both pairs, you'll see a full cycle trend change on EURUSD with LL-LH-LL confirmed swings whereas USDCHF shows only a HH and unconfirmed HL swing (orange lines). Based on these facts, if anyone believes USD downtrend since 2009 has changed, then USDCHF is lagging the recent move. I am attaching Dollar Index chart as well (showing a full cycle of confirmed HH-HL-HH).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD-Daily Swings.jpg Size: 109 KB
Click to Enlarge Name: USDCHF-Daily Swings.jpg Size: 107 KB
Click to Enlarge Name: DOLLAR INDEX-Daily Swings.jpg Size: 131 KB
  • #9,475
  • Jan 26, 2010 1:18am Jan 26, 2010 1:18am
Quoting Blackeagle
If you look at both Boss and Worker charts for both pairs, you'll see a full cycle trend change on EURUSD with LL-LH-LL confirmed swings whereas USDCHF shows only a HH and unconfirmed HL swing (orange lines). Based on these facts, if anyone believes USD downtrend since 2009 has changed, then USDCHF is lagging the recent move. I am attaching Dollar Index chart as well (showing a full cycle of confirmed HH-HL-HH).
We had better watch out - Blackeagle is in to cycles now!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,476
  • Jan 26, 2010 1:26am Jan 26, 2010 1:26am
Watch very closely!

There is a big battle going on at 127
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,477
  • Jan 26, 2010 1:47am Jan 26, 2010 1:47am
Despite the battle going on with EURJPY, watch the JPY pairs closely - they are all lining up together.

If you don't know what this means, check your history lessons!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,478
  • Jan 26, 2010 2:01am Jan 26, 2010 2:01am
Quoting robwill
My advice for STRESS FREE TRADING.

If you are new to Forex Trading the first thing you should do is forget about Robots.

If there was any Robot that made consistent profits, who would be stupid enough to go to all the trouble, and expense, of advertising and selling it.

They could just sit at home and make huge profits everyday.

There is only one way to make money trading Forex and that is to learn how to operate a safe, stressless system. You must also be realistic about your profits. Be content with regular small gains and compounding will...
Post #13

“”There is nothing that is predictable in Forex Trading, if there was we would all be rich.””

And he should know – he’s been doing it for 1 - 3 years!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,479
  • Jan 26, 2010 2:08am Jan 26, 2010 2:08am
Right at end of asian session and just before the German open 100 pip move in 2 mins, same across all JPY pairs. That is some serious money entered the market in very short space of time, I guess some banks? With Japan needing to weaken they Yen could this be a clue as to what will happen next. JPY pairs look very interesteing hehe

PS i got a 1min chart on to the thread hehe)
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 15 KB
  • #9,480
  • Jan 26, 2010 2:10am Jan 26, 2010 2:10am
EURUSD is sat on psycho 1.4100 while her alter ego is bouncing off psycho 1.0500 - watch closely what PRICE does at these levels.
15 YEARS OF PASR ON FOREX FACTORY!
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