Strat's Long Term Stress Free Trading | Page 485 | 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

  • #9,681
  • Edited 12:59am Feb 1, 2010 12:56am | Edited 12:59am
Wondering where Elitejet is, have we lost her to another place or just long leave.

We can ill afford to lose senior members so I hope to see her and others that have gone quiet back soon.

Larry

damn now I look back and there she is , welcome back
  • #9,682
  • Feb 1, 2010 2:17am Feb 1, 2010 2:17am
Hi All,
Eurznd:
I like the way price moving so far, it respects the SR levels. I will be watching PA between 1.9938 and 1.0430. If price respects this two levels, we will have what Blackeagle calls possible trend changes.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd-02-01-10.gif Size: 12 KB
  • #9,683
  • Feb 1, 2010 2:35am Feb 1, 2010 2:35am
1.0430???? maybe 2.0430
  • #9,684
  • Feb 1, 2010 4:09am Feb 1, 2010 4:09am
Quoting strat
31BEEB confirms 30 as swing high and resumption of down trend. Long position closed. Sell order below BEEB low
32Weak attempt at buying. Sell order below bar low
33Weak attempt at buying. Sell order below bar low
34Strong BEEB confirming 33 as swing high
35Bond hammer. Pull in SL below low of 32
Hello Strat, I have a question regarding the proper placement of SL for the SELL orders below candles 32 and 33. I've chosen this particular example but there are other similar patterns in the EURUSD chart.

I see two possibilities:

  1. CONSERVATIVE: SL is above the swing high, i.e. HIGH of candle 30
  2. AGRESSIVE/High risk: Above the high of each candle. Candle 32 respectively, candle 33


Do you prefer one of the above or any of them, depending on the market context? Or, none of the above?

  • #9,685
  • Feb 1, 2010 4:37am Feb 1, 2010 4:37am
Sterling continues very weak this morning with no bounce at all.
GBPJPY breaking trendline support says we go to 139/140 at least and I am thinking much lower
Attached Image (click to enlarge)
Click to Enlarge Name: gj weekly.gif Size: 30 KB
  • #9,686
  • Feb 1, 2010 4:45am Feb 1, 2010 4:45am
I am (still) a seller of USDJPY rallies with price action.
My reason is we are still in a downtrending channel (very tradeable up and down).
Unless I see a breakout of this channel or a close above the previous swing high at 93.80 then I am selling rallies or a break of this short term support line.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy daily.gif Size: 38 KB
Click to Enlarge Name: usdjpy daily closeup.gif Size: 32 KB
  • #9,687
  • Feb 1, 2010 7:31am Feb 1, 2010 7:31am
Back from my annual 'how cold can we get' camping trip. If you've ever been in an ice storm in the woods you know how beautiful but dangerous they can be. Ice builds up on all the branches and weighs the tree down until it begins to bend over and finally break. I prefer to awaken slowly with the sleeping bag still pulled over my head and not from the sound of a large oak coming down through the tent. We left a day early because what should have been complete silence was instead the constant cracking of falling trees.

It's all good because I came back and saw quite a bit of activity on the thread while I was away. I love a good long read of consecutive valuable posts like these.

Quoting strat
Range trading

From the posts on the thread and the PMs I have received, it seems a review of trading a range, consolidation or congestion is in order.
Quoting strat
As requested in various wish lists, here is PASR EURUSD trade:
More of my favorites. Added the EURUSD PASR example to my collection. I see a striking resemblance of number 19 to the BEEB in Strat's GBPCAD volunteer request. It appears the answer has been provided. I would trade it but as others have mentioned IBFX offers that pair only on demo (In real time it's grayed out.)

As usual these examples make more sense to me as time goes by. Many thanks again for this type of post, Strat.

Quoting strat
This will probably fall on deaf ears and blind eyes but for the few serious students on here:


No deaf ears here.

-m
  • #9,688
  • Feb 1, 2010 8:11am Feb 1, 2010 8:11am
Quoting elitejets
Hello
I am back after a long break and looking forward to getting stuck in.
Nicola
You've been missed! I hope you are feeling better and ready to resume posting your helpful analyses and opinions.

All the very best to you Nicola.

(I'm taking a few days in Paris at the moment but looking forward to getting stuck in myself when I get back. There are a lot of posts since I went away which will need a big 'catch up session'.)
  • #9,689
  • Feb 1, 2010 8:22am Feb 1, 2010 8:22am
Quoting elitejets
Have a great NFP week! Nicola
Welcome back!

Since I'm trading the Daily timeframe it feels that NFP comes every 2 weeks.
  • #9,690
  • Feb 1, 2010 9:40am Feb 1, 2010 9:40am
Quoting elitejets
Sterling continues very weak this morning with no bounce at all.
GBPJPY breaking trendline support says we go to 139/140 at least and I am thinking much lower
I just can't do it above 142....technically yes, fundamentally no. The battle is on!
  • #9,691
  • Feb 1, 2010 9:48am Feb 1, 2010 9:48am
Quoting hcristea
Welcome back!

Since I'm trading the Daily timeframe it feels that NFP comes every 2 weeks.

I know what you mean! lol
  • #9,692
  • Feb 1, 2010 10:09am Feb 1, 2010 10:09am
I recently downloaded this, and think it has some good info. There are also sets of questions after each chapter, to test as to whether you've understood the information (answers are provided to check against)

Google it, it's available as a free download. If you have any problems finding it, PM me and i will give you the address.
  • #9,693
  • Feb 1, 2010 10:13am Feb 1, 2010 10:13am
Quoting golfer27
I recently downloaded this, and think it has some good info. There are also sets of questions after each chapter, to test as to whether you've understood the information (answers are provided to check against)

Google it, it's available as a free download. If you have any problems finding it, PM me and i will give you the address.
Thanks, this one is na live webinar, so a live lesson but I will google.
Nicola
  • #9,694
  • Feb 1, 2010 10:14am Feb 1, 2010 10:14am
Quoting Alexandra
I just can't do it above 142....technically yes, fundamentally no. The battle is on!
It could be a false breakout ... lets see how we close!
N
  • #9,695
  • Feb 1, 2010 10:58am Feb 1, 2010 10:58am
Read the Report. I love shit like this, na na na na na to all the naysayers.

Usd/jpy starting to look like a good buy

http://www.dailyfx.com/forex/market_...xpands_at.html
Annoying Precision
  • #9,696
  • Feb 1, 2010 2:27pm Feb 1, 2010 2:27pm
Okay, I'd like to have another crack at this if I may - I know the bar hasn't closed yet, but assuming it will close looking something like it is now...

The pair has been in a range since mid October 09 and yesterday price hit a pivot point at around 79.50 which has been hit several times before from above and below (not at the bottom of the range though). Today a BUEB is forming off that support which suggests that a long trade might be possible.

However there is a 50% fib of the previous down trend (since July 2008) off the Boss at around 80.77 and we would be trading right into that. Also the 100 MA is not far above (81.54) AND the 50 and 20 are just meeting at the 82.00 psych number just above that. Finally there is previous resistance at around 82.80. So all in all probably not a great idea to take a trade despite the BUEB at S/R!

I also note that volume is falling but I'm not sure of the significance of that if any.

At this early stage in my development I would really welcome your thoughts.

Thanks, G
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.2.jpg Size: 346 KB
When in doubt, sit on your hands...
  • #9,697
  • Feb 1, 2010 2:56pm Feb 1, 2010 2:56pm
I'm now on page 74 of the thread so I've passed the 10% mark! Some very interesting stuff (though I admit I haven't understood all of it - there are puzzles and suchlike, which haven't been answered yet). For a while there I was scratching my head over what a 'Bond hammer' was but then I got it - "Meat and two veg..." Really cracked me up! Happened to a friend of mine in Rotterdam too!

My plan is to read the entire thread up to the present (probably take me the best part of a month), then go to the index and read the digest version all again.
When in doubt, sit on your hands...
  • #9,698
  • Feb 1, 2010 3:45pm Feb 1, 2010 3:45pm
BOSS.
Overall BOSS trend is UP. Price now stopped at obvious Support Level.

Attached Image (click to enlarge)
Click to Enlarge Name: silver_weekly.png Size: 63 KB


Worker.
BUEB against BOSS Support, engulfing previous doji-like candle now confirming the reversal.

Attached Image (click to enlarge)
Click to Enlarge Name: silver_daily.png Size: 60 KB


Will put a buy order above today's high.

P.S. Lots of pairs look good today people!
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #9,699
  • Feb 1, 2010 4:03pm Feb 1, 2010 4:03pm
respected 1.0700 resistance. short order below today's BEEB's low.
  • #9,700
  • Edited 4:36pm Feb 1, 2010 4:25pm | Edited 4:36pm
I have moved my SL from above the hammer Jan27 to a minor R level on the worker.

This is merely to PROTECT my capital. It is not at break even but at a logical area. I would still be at a loss if it is hit but a smaller loss.

It was clear today that the BEARS have control and managed to close at today's low. (BASED ON FXPRO FEED).

Other than that I am letting the trade run and will keep posting updates.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpcad- sl original.gif Size: 13 KB
Click to Enlarge Name: gbpcad- sl updated.gif Size: 13 KB
12 traders viewing now