Strat's Long Term Stress Free Trading | Page 532 | 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

  • #10,621
  • Mar 12, 2010 12:34pm Mar 12, 2010 12:34pm
Quoting strat
Somehow "BeetleLarry" doesn't quite have the same ring as "AstonDan"!
I wasn't planning on taking my name from it, just thought it would look nice there, and I think it does.

Looks like the $Y has had a look at leaving the station, wonder how many passengers are on. Have to admit I bought a ticket on the breakout. It looks a lot like wave 3 is starting lets see what next week brings.

Damn I see it dived straight back, oh well wonder if I can ask for a refund.

Have a good weekend

Larry
  • #10,622
  • Mar 12, 2010 12:45pm Mar 12, 2010 12:45pm
Quoting LarryK
I wasn't planning on taking my name from it, just thought it would look nice there, and I think it does.

Looks like the $Y has had a look at leaving the station, wonder how many passengers are on. Have to admit I bought a ticket on the breakout. It looks a lot like wave 3 is starting lets see what next week brings.

Damn I see it dived straight back, oh well wonder if I can ask for a refund.

Have a good weekend

Larry
Have to admit I bought a ticket on the breakout.

This is not trading PASR

#1 - There is no PASR to enter a trade

#2 - Breakouts are not part of basic PASR

#3 - You are not trading the Daily time frame if you entered a trade BEFORE the candle closed
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,623
  • Mar 12, 2010 1:13pm Mar 12, 2010 1:13pm
Quoting strat
Have to admit I bought a ticket on the breakout.

This is not trading PASR

#1 - There is no PASR to enter a trade

#2 - Breakouts are not part of basic PASR

#3 - You are not trading the Daily time frame if you entered a trade BEFORE the candle closed
I knew I was in trouble with you, but I liked the daily candle yesterday for a long if it happened so I placed a buy stop above it and it was all above my SR on my chart. I am probably guilty of trying to jump the gun on a move up if it ever happens. Fortunately my stop is not far away, so not too stressful.

At least the other learners can see what not to trade.

Larry
  • #10,624
  • Mar 12, 2010 1:23pm Mar 12, 2010 1:23pm
Another line to monitor
Attached Image (click to enlarge)
Click to Enlarge Name: yen.gif Size: 26 KB
  • #10,625
  • Mar 12, 2010 1:26pm Mar 12, 2010 1:26pm
Quoting LarryK
I knew I was in trouble with you, but I liked the daily candle yesterday for a long if it happened so I placed a buy stop above it and it was all above my SR on my chart. I am probably guilty of trying to jump the gun on a move up if it ever happens. Fortunately my stop is not far away, so not too stressful.

At least the other learners can see what not to trade.

Larry
You must be looking and not "SEEING". I don't see anything long on this chart. The next move I see is another test of 89.00

Look at the highs of 3/10, 1/29, 12/18, 12/4

Look at the close/open of 2/3&4

Look at the lows of 1/12, 13 &14

Can you "SEE" what these tell you?
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,626
  • Mar 12, 2010 2:00pm Mar 12, 2010 2:00pm
Closed for the week. Up 13.95 % , thanks everyone!


Quoting strat
You must be looking and not "SEEING". I don't see anything long on this chart. The next move I see is another test of 89.00

Look at the highs of 3/10, 1/29, 12/18, 12/4

Look at the close/open of 2/3&4

Look at the lows of 1/12, 13 &14

Can you "SEE" what these tell you?
Annoying Precision
  • #10,627
  • Mar 12, 2010 3:27pm Mar 12, 2010 3:27pm
Boss:
It looks like the buyers managed to stop the sellers for the 2nd time and if this candle ends up green we might see next week an attempt from the buyers to push back the sellers.

The worker is still in a bearish channel. Stress free would be to look for shorts while the price is in this channel. If the Worker will go up, I'll look for PA as the price gets near 20, 50 and the R at 1.55. Looking at the Boss chart, we might see the worker moving up next week.

Meanwhile, I have 6 bottles of wine to taste and who knows maybe an opportunity will present it self on GBPUSD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd_w1.png Size: 23 KB
Click to Enlarge Name: gbpusd_boss.png Size: 22 KB
Click to Enlarge Name: gbpusd_daily.png Size: 34 KB
  • #10,628
  • Edited 9:00pm Mar 12, 2010 8:43pm | Edited 9:00pm
Quoting strat
You must be looking and not "SEEING". I don't see anything long on this chart. The next move I see is another test of 89.00

Look at the highs of 3/10, 1/29, 12/18, 12/4

Look at the close/open of 2/3&4

Look at the lows of 1/12, 13 &14

Can you "SEE" what these tell you?

That one is interesting....I may be alone, but I am still holding there. I am hypothesizing that the short term W/M patterns will be enough to stimulate a move up first, rather than back to 89 again. Heavy resistance makes for a lot of stops. Buckle your seatbealts and predetermine your tolerance for anyone still in this based on the longer term flaggish look and early week bullishness. The resistance is ominous.

CAD, GBP, EUR and CHF performed as discussed. We'll see if it lasts. Fortunately they should all be free for careful readers. Boring week, indeed!

The sputter in AUD in intrigung. Need to cast some brain waves on that one. Perhaps that XAUUSD chart tipped some of you off.
  • #10,629
  • Mar 12, 2010 8:51pm Mar 12, 2010 8:51pm
Anyone have a cup of coffee? Is it half full or half empty?

Perhaps it is just full to the rim? Hmm....I wonder if the stove is still on to see if it will boil over.......Let me check the M/W's
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 25 KB
  • #10,630
  • Mar 13, 2010 3:40am Mar 13, 2010 3:40am
Hi Strat,

I have to say, this is one of the excellent thread i have seen, great job. I am just started to use trendline, s/r level, candlestick for my trading style but i still have some problem on my system and hopefully you can correct me/give me some hints:

1. How far you pullback for your s/r level?
2. How you determine the trend changed? Let say from down trend(short) to up trend(long).
3. Do you use any hh, hl, ll, lh structure to determine your trend?


Really appreciate your kindness and hope you are able to help.


Thanks
  • #10,631
  • Mar 13, 2010 5:21am Mar 13, 2010 5:21am
Quoting Alexandra
Anyone have a cup of coffee? Is it half full or half empty?

Perhaps it is just full to the rim? Hmm....I wonder if the stove is still on to see if it will boil over.......Let me check the M/W's

I would say it is full to the brim but W is at the top of its range at 125.25. The power of the 21/02 BEOB will be broken by this second Weekly Bull candle so any move up could produce a strong UP surge.

M also at 125.25 but a break of this would signal a fairly clear run to Major SR at 129.00. There is minor support at 126.50 but would probably only provide a hesitation. Nevertheless that would be my first TP.

So wait for strong break of current 125.25 level before going Long.
  • #10,632
  • Mar 13, 2010 11:44am Mar 13, 2010 11:44am
Quoting Alexandra
Another line to monitor
taking the grids out of your chart might make it beautiful to behold.
  • #10,633
  • Mar 13, 2010 12:34pm Mar 13, 2010 12:34pm
Quoting chanlf
Hi Strat,

I have to say, this is one of the excellent thread i have seen, great job. I am just started to use trendline, s/r level, candlestick for my trading style but i still have some problem on my system and hopefully you can correct me/give me some hints:

1. How far you pullback for your s/r level?
2. How you determine the trend changed? Let say from down trend(short) to up trend(long).
3. Do you use any hh, hl, ll, lh structure to determine your trend?


Really appreciate your kindness and hope you are able to help.


Thanks

How far you pullback for your s/r level?

We go back in history as far as we can! The most reliable S/R levels are ones that have been respected for many many years.

How you determine the trend changed? Let say from down trend(short) to up trend(long)

This should answer Q #3 as well, yes we use HH HL LL LH to determine trend direction and trend changes but you must understand that as you go up in TF's there are trends within trends within trends.
  • #10,634
  • Mar 13, 2010 1:00pm Mar 13, 2010 1:00pm
Precise gainers information!

Proven and tested, with a record of 152 gains and 10 losses on the market. Discover that most informed newsletter is a sufficient weapon on the stock picks. Try now!
  • #10,635
  • Mar 13, 2010 1:00pm Mar 13, 2010 1:00pm
  •  Sid
  • | Joined May 2009 | Status: Get wise or die laughing | 85 Posts
yesterday night five of us (sinan, stgeorge, lotuselanman, faxfax and myself) met in shunt in london bridge. it's a place that can't be described easily - some of my associations: peaceful, huuuuuge, dungeon-like, arty, friendly, intriguing, dark, playful, spacious - located in the old tunnel system of london bridge.

we were a pretty mixed bunch of people (ages from 30 to 68) and were all relieved to find out that our shared nightmares about potentially meeting some complete tossers had not come true.

it was rather the very opposite...

we very quickly started exploring some pretty curious life journeys (stgeorge you should consider publishing an autobiography, oh wait, you probably already have! , watched a weird and wonderful acrobatic show about an Indian Clown who got killed or so (no one really got the story) and conversed about the pains and pleasures of being a human being and a trader.

i was very much intrigued by everyones perspective on trading and i found that discussing this in real time with a group of people adds a whole other dimension to it (especially when talking to such great minds).

towards the end sinan and i were the last to stay behind for another drink and got chatting to a bunch of very animated (female) psychologists... until we finally parted ways.

i had a fantastic night! thank you guys for coming along! really looking forward to seeing you again!

cheers
sid
  • #10,636
  • Mar 13, 2010 1:03pm Mar 13, 2010 1:03pm
  •  Sid
  • | Joined May 2009 | Status: Get wise or die laughing | 85 Posts
See the pattern?

Here is what I learned from it - when you see a weirdo, wait for the fat guy to join him, and see if that pulls in more people, then join the party...

and then they say it's best to leave a party on a high...

Inserted Video
  • #10,637
  • Mar 13, 2010 1:40pm Mar 13, 2010 1:40pm
Audcad:

Weekly: Trend is up. Price is sitting at support level and 50.
Next week will see price if price holds.

Worker: Sentiment is down due to HL and LL to support level.
Price is going sidway in triangle and 20&50 is close together
expecting a big move. Will let price proves that it wants to go
up again another word up sentiment before positioning with the
Boss. Next support will be .8850 level.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audcadw.03-13-10.gif Size: 16 KB
Click to Enlarge Name: audcad.03-13-10.gif Size: 22 KB
  • #10,638
  • Mar 13, 2010 2:00pm Mar 13, 2010 2:00pm
Thanks, Sid. We need a laugh now and again.

Now for a serious note to U.S. Forex Traders!

Go read this web posting and the comments sent by other traders - NOW!!
The CFTC is proposing to limit retail forex traders to 10% Leverage. Send an email to your Senators and Representative also - especially Democratic Office holders. Gary Gensler, Michael Dunn, and Bart Chilton are liberal progressives and apparently are trying to take the smaller traders out of the forex market.

75 FR 3281 will send nearly all U. S. Traders to London or other Countries to trade. Do You Want That? You have until March 22 to comment and complain to you Congress Person.

http://www.cftc.gov/lawandregulation...ules/index.htm

rydnek
  • #10,639
  • Mar 13, 2010 2:20pm Mar 13, 2010 2:20pm
Eurnzd:

Weekly: A good start will see.

Worker: Not bad will see. Yes Strat, I take note of the hammer.
This time I will watch only, could it be one of three, will see.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurnzdw.03-13-10.gif Size: 16 KB
Click to Enlarge Name: eurnzd.03-13-10.gif Size: 16 KB
  • #10,640
  • Mar 13, 2010 2:42pm Mar 13, 2010 2:42pm
Quoting Sid
See the pattern?

Here is what I learned from it - when you see a weirdo, wait for the fat guy to join him, and see if that pulls in more people, then join the party...

and then they say it's best to leave a party on a high...

http://www.youtube.com/watch?v=GA8z7...ayer_embedded#
Sid,

I see your London get together attracted a lot of people. But I thought you said you guys met in London Bridge !
4 traders viewing now