Strat's Long Term Stress Free Trading | Page 488 | 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

  • #9,741
  • Feb 3, 2010 9:42am Feb 3, 2010 9:42am
Quoting Sid
Ahhh.... I see.... Maybe your trap was just too subtle

pipfx - nice work! hopefully the strong oil will help your move further down. thanks for taking on the challenge and making your trade public for all of us to learn!
No better way to make your first live trade than posting for all to see.

To be honest, I think it is a great way to ensure you can justify your trade and ensuring you trade your plan.
  • #9,742
  • Feb 3, 2010 10:09am Feb 3, 2010 10:09am
Quoting pipfx
No better way to make your first live trade than posting for all to see.

To be honest, I think it is a great way to ensure you can justify your trade and ensuring you trade your plan.
Your first live trade? Well done!
  • #9,743
  • Feb 3, 2010 3:16pm Feb 3, 2010 3:16pm
forming nice setup, but placing stop above resistance line is too much for my MM. Also there is thick SR at 1.3740 that would offer bad R:R.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_.jpg Size: 95 KB
  • #9,744
  • Feb 3, 2010 6:25pm Feb 3, 2010 6:25pm
Quoting strat
Yes you did! I didn't say it was not a sell - I said the candle was at support on some platforms - not all of them.

It wasn't on mine - I just moved the support to make it look like it.
You never know when Strat will throw out a little test just to see who's asleep or awake.
  • #9,745
  • Feb 3, 2010 6:39pm Feb 3, 2010 6:39pm
check your Private Messages..
  • #9,746
  • Feb 3, 2010 7:03pm Feb 3, 2010 7:03pm
A bit of a wild ride old chap but well defined by PASR -didn't expect such a fast ROI but I'll take it thank you very much!
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.gif Size: 34 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,747
  • Feb 3, 2010 7:08pm Feb 3, 2010 7:08pm
I wonder if the big boys will be adding on here or waiting until after the NFP to see what happens?

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf - feb03.gif Size: 27 KB

  • #9,748
  • Feb 3, 2010 7:14pm Feb 3, 2010 7:14pm
Call me Paranoid (Hello Paranoid!) over the big boys making stop runs but I thought on Feb 1st that was a stop run and now with today's bar, I'm even more convinced.

The big boys are clearing out for a big move up me thinks - if I'm right (or even if I'm wrong), this thing should take off after we clear the stop run highs at 0.8930.
Attached Image (click to enlarge)
Click to Enlarge Name: stop runs.gif Size: 32 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,749
  • Feb 3, 2010 7:27pm Feb 3, 2010 7:27pm
Run up or down??

Quoting strat
Call me Paranoid (Hello Paranoid!) over the big boys making stop runs but I thought on Feb 1st that was a stop run and now with today's bar, I'm even more convinced.

The big boys are clearing out for a big move up me thinks - if I'm right (or even if I'm wrong), this thing should take off after we clear the stop run highs at 0.8930.
Annoying Precision
  • #9,750
  • Feb 3, 2010 7:53pm Feb 3, 2010 7:53pm
My stop loss at the worker 20 and minor R from a Dec 30 and 31st candle did not trigger, I got saved by my 5 pip buffer.

Today's candle shows a bond SS. It does show me that the buyers lack power to really drive this one up.

I will continue to leave my stop loss in place, due to today's high being right at the worker 20.

Cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad- update3feb2010.gif Size: 15 KB
  • #9,751
  • Feb 3, 2010 8:53pm Feb 3, 2010 8:53pm
Quoting strat
A bit of a wild ride old chap but well defined by PASR -didn't expect such a fast ROI but I'll take it thank you very much!

I was in this short until today when my SL got taken out by the big bar! (didn't expect it to recover that fast after yesterdays bar either!)

I would'nt have normally taken this trade as it was CT but the daily closes lined up very well on MY chart so i was comfortable taking it as an ATM trade to first support.

I may have broke my rules on this?? (Not sure if it counts as IMO i just tried to adjust to the market) The initial plan was to take FULL profit at first support 1.2432 for me BUT yesterdays bar and the fact that the Aussies decided to leave rates unchanged led me to think this could go further so i pulled in my SL and left the trade be.

Basically i got 1R out of a trade that was a 2R trade as planned. I'am not worked up about it at all i just want others to comment on the situation and hopefully learn from it.

The more i think about it though i am just BS'ing myself! The decisions i made were NOT in my original plan therefore i should not have acted on them. These were the "little men" in my head that Strat is always talking about. I got greedy and wanted MORE money from my trade and it came back and bit me. Yep i think that pretty much sums it up.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd020310.gif Size: 22 KB
  • #9,752
  • Feb 3, 2010 9:05pm Feb 3, 2010 9:05pm
Quoting strat
Call me Paranoid (Hello Paranoid!) over the big boys making stop runs but I thought on Feb 1st that was a stop run and now with today's bar, I'm even more convinced.

The big boys are clearing out for a big move up me thinks - if I'm right (or even if I'm wrong), this thing should take off after we clear the stop run highs at 0.8930.
Strat, I get the feeling they are setting up a bull trap here, I'd love to see 0.8660 taken out first. Time will tell, just my 2 cents.

Roy
Polishing my crystal ball
  • #9,753
  • Feb 3, 2010 9:12pm Feb 3, 2010 9:12pm
Quoting erikte279
Run up or down??
Dude please. Are you serious? Strat can I do the honors?

God BACK to the Beginning of the thread !!!!!!
  • #9,754
  • Feb 3, 2010 9:19pm Feb 3, 2010 9:19pm
Looking to go short on the break of this BEOB.

Possible trend change in the works making LL's and LH's. Rejection of the 20 and a strong close below .7100 S/R level. Boss and Big Boss are in agreement with the daily as well.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd020310.gif Size: 23 KB
  • #9,755
  • Feb 3, 2010 9:24pm Feb 3, 2010 9:24pm
Quoting Donadoney
Dude please. Are you serious? Strat can I do the honors?

God BACK to the Beginning of the thread !!!!!!

X2

I am pretty sure this is the same guy who came on here all drunk one night and got like 50+ posts Binned in one day!
  • #9,756
  • Feb 3, 2010 9:27pm Feb 3, 2010 9:27pm
Quoting CrudeCraig
I was in this short until today when my SL got taken out by the big bar! (didn't expect it to recover that fast after yesterdays bar either!)

I would'nt have normally taken this trade as it was CT but the daily closes lined up very well on MY chart so i was comfortable taking it as an ATM trade to first support.

I may have broke my rules on this?? (Not sure if it counts as IMO i just tried to adjust to the market) The initial plan was to take FULL profit at first support 1.2432 for me BUT yesterdays bar and the fact that the Aussies decided to...
------

I may have broke my rules on this?? (Not sure if it counts as IMO i just tried to adjust to the market) The initial plan was to take FULL profit at first support 1.2432 for me BUT yesterdays bar and the fact that the Aussies decided to leave rates unchanged led me to think this could go further so i pulled in my SL and left the trade be.

Craig,

My opinion is that if you planned originally to take full profits at your target and you changed your plan in the middle of the trade then you made an error.

I can see why you did that though.

I'm not saying I wouldn't have done the same thing, but I do think this time the gremlins got to you. Greed it is, my friend.

Now, if your plan had included "I'm shooting for a target of ____, but if I see this price action I will do _______, and my plan changes" then that may be OK. But that would be decided before you put your money down, right?

I'm not trying to be critical, since this is something I am struggling with too. For instance, in this case would be hard to watch price drop like a rock for hundreds of pips, knowing you could be in -- but be already out because you followed your original plan.

But I still believe following the original plan as much as possible is best. I think that is your edge.

I'm still learning to trade from S/R to S/R so I'm trying to just do that and keep my mind off of "what if's" etc.

I'm glad you posted that trade for us to learn from.

Dave
  • #9,757
  • Edited 9:39pm Feb 3, 2010 9:28pm | Edited 9:39pm
Quoting 30XTCi
Strat, I get the feeling they are setting up a bull trap here, I'd love to see 0.8660 taken out first. Time will tell, just my 2 cents.

Roy
I concur. I think this is to shake out the weak handed shorts before a move down.
My candles look nothing like yours, I like yours better
Attached Image (click to enlarge)
Click to Enlarge Name: audusd daily.gif Size: 38 KB
  • #9,758
  • Feb 3, 2010 9:38pm Feb 3, 2010 9:38pm
Quoting PistolDave
------

[color=RoyalBlue]I may have broke my rules on this?? (Not sure if it counts as IMO i just tried to adjust to the market) The initial plan was to take FULL profit at first support 1.2432 for me BUT yesterdays bar and the fact that the Aussies decided to leave rates unchanged led me to think this could go further so i pulled in my SL and left the trade be.

[color=Black]Craig,

My opinion is that if you planned originally to take full profits at your target and you changed your plan in the middle of the trade then you made an...
I think you are right on Dave. At the time i was well into profit and sitting fat and happy in pips! The gremlins got me this time but i will take it on the chin, learn from it and move on.

Thanks for the reply Dave all were very good points and what i should have done.
  • #9,759
  • Feb 3, 2010 9:48pm Feb 3, 2010 9:48pm
No need, I asked a simple question that wasnt even directed to you. Period.

Quoting Donadoney
Dude please. Are you serious? Strat can I do the honors?

God BACK to the Beginning of the thread !!!!!!
Annoying Precision
  • #9,760
  • Feb 3, 2010 9:53pm Feb 3, 2010 9:53pm
He said the big boys are clearing the stop run HIGHS. Which to ME implys that the market makers are going try to clear out some stops before the market proceeds lower.

Thats why I asked T.H.A.T. question

Quoting strat
The big boys are clearing out for a big move up me thinks - if I'm right (or even if I'm wrong), this thing should take off after we clear the stop run highs at 0.8930.
Annoying Precision
7 traders viewing now