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Strat's Long Term Stress Free Trading

  • #10,681
  • Mar 16, 2010 8:05pm Mar 16, 2010 8:05pm
Quoting strat
The merry go round which is GBPUSD, EURUSD and USDCHF is proving interesting in more ways than one.

Casting a beady eye on the various EW forums and threads it seems the EW experts cannot agree (what’s new) on a wave let alone the count!

There are so many differing opinions that one of them is bound to be right. I have never seen so many sub waves and alternate counts and the EW expert for DailyFX and FXCM hasn’t got a count right yet!

[font=Arial]While this period of consolidation/indecision...
Hi Strathttp://cdn.forexfactory.com/images/icons/icon7.gif

Interesting stuff, how does this mechanical system work, is this some kind of EA or a program that one needs to write? How does this compare with PASR? Could something like that be written around PASR?

Might be silly questions but As being no expert in this it is good to know how something like that operates.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #10,682
  • Mar 16, 2010 8:08pm Mar 16, 2010 8:08pm
Quoting patrick25
Eurnzd:

It looks like she is building her base. This is funy I don't feel the rush to trade any more and not interested in 100-200 pips trades either. Have any of you got this feeling? or Strat is working on his magic.
Has the ability to see an edge been increasing as the desire to rush in has been decreasing?
  • #10,683
  • Mar 16, 2010 8:08pm Mar 16, 2010 8:08pm
Jar-heads are brain dead?

Quoting strat
The merry go round which is GBPUSD, EURUSD and USDCHF is proving interesting in more ways than one.

Casting a beady eye on the various EW forums and threads it seems the EW experts cannot agree (what’s new) on a wave let alone the count!

There are so many differing opinions that one of them is bound to be right. I have never seen so many sub waves and alternate counts and the EW expert for DailyFX and FXCM hasn’t got a count right yet!

[font=Arial]While this period of consolidation/indecision...
Annoying Precision
  • #10,684
  • Mar 16, 2010 8:09pm Mar 16, 2010 8:09pm
Quoting patrick25
Eurnzd:

It looks like she is building her base. This is funy I don't feel the rush to trade any more and not interested in 100-200 pips trades either. Have any of you got this feeling? or Strat is working on his magic.
Hi Patrickhttp://cdn.forexfactory.com/images/icons/icon6.gif

Yes on all counts. Somehow by studing the info here one does move away from the urgency to trade and waits for the right moment, however it takes long time to master this too.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #10,685
  • Mar 16, 2010 8:11pm Mar 16, 2010 8:11pm
Yes, I can attest. I was able to do this until YESTERDAY when all of a sudden I took 2 trades I shouldnt have and ended up hitting both stops as they did a complete and crushing 360.

Quoting Jideck
Hi Patrickhttp://cdn.forexfactory.com/images/icons/icon6.gif

Yes on all counts. Somehow by studing the info here one does move away from the urgency to trade and waits for the right moment, however it takes long time to master this too.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
Annoying Precision
  • #10,686
  • Mar 16, 2010 8:13pm Mar 16, 2010 8:13pm
Hi Strat,

I discovered this wonderful thread only recently.

It will take me a few weeks to read through completely but wanted to register for the "Path of Learning". Is this 'way' still open?

Cheers,
R
  • #10,687
  • Mar 16, 2010 8:25pm Mar 16, 2010 8:25pm
Quoting Lou
Has the ability to see an edge been increasing as the desire to rush in has been decreasing?
I guess since I have a few light bulbs on, and some objectives when I am looking at charts, may be that help decreasing the desire to rush. Now I have to practice, practice, and practice and building my own system. I think I have to start working on it now and testing it in next three years.
  • #10,688
  • Mar 16, 2010 8:26pm Mar 16, 2010 8:26pm
Quoting patrick25
Eurnzd:

It looks like she is building her base. This is funy I don't feel the rush to trade any more and not interested in 100-200 pips trades either. Have any of you got this feeling? or Strat is working on his magic.

Yes, It's kind of a weird feeling! I don't have any desire at all to trade a lower TF anymore either as i used to think about H1 and H4 a lot. It's a good feeling and adds to the Stress Free side of things too.
  • #10,689
  • Mar 16, 2010 8:30pm Mar 16, 2010 8:30pm
Quoting Jideck
Hi Patrickhttp://cdn.forexfactory.com/images/icons/icon6.gif

Yes on all counts. Somehow by studing the info here one does move away from the urgency to trade and waits for the right moment, however it takes long time to master this too.

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

Yes indeed, it takes a long time but it is a good thing.
  • #10,690
  • Mar 16, 2010 8:55pm Mar 16, 2010 8:55pm
One thing I can say I've learned is that if you trade long term, you can be a mediocre trader and still make money, its simple math. The KEY is learning to be patient and accepting the FACT that wealth isnt going to be built overnight or in 6 months, but it can be done.
Annoying Precision
  • #10,691
  • Mar 16, 2010 9:18pm Mar 16, 2010 9:18pm
Quoting erikte279
One thing I can say I've learned is that if you trade long term, you can be a mediocre trader and still make money, its simple math. The KEY is learning to be patient and accepting the FACT that wealth isnt going to be built overnight or in 6 months, but it can be done.
accepting the FACT that wealth isnt going to be built overnight or in 6 months, but it can be done


Very true! once i realized this i felt a lot more relaxed and it helped my patience.
  • #10,692
  • Mar 16, 2010 9:35pm Mar 16, 2010 9:35pm
Yeah, I'm in the process of readjusting my outline and outlook on a few things. Cant put a timeline on something like this...like strat said "Some live to trade, I trade to live". It's going to let me work on other things and enjoy life more instead of being a screen watching tab clicking maniac, I'd have to say thats my favorite part .

Quoting CrudeCraig
accepting the FACT that wealth isnt going to be built overnight or in 6 months, but it can be done


Very true! once i realized this i felt a lot more relaxed and it helped my patience.
Annoying Precision
  • #10,693
  • Mar 16, 2010 9:58pm Mar 16, 2010 9:58pm
Patrick, you have initiated some good "light bulb" moments.

Just to re-cap:

TRADE TO LIVE "NOT" live to trade

Trading is NOT a "Get Rich Quick Scheme".

Trading is a serious business which needs treating as a SERIOUS BUSINESS

We need PATIENCE to wait and "SEE" opportunities

We need DISCIPLINE to act and trade opportunities

We can only take what the market gives us - we do "NOT" force the market.

We ACCEPT losses as the cost of doing business

We are PROFESSIONALS and PROFESSIONALS look for a reason NOT to take a trade

We are NOT Amateurs. Amateurs manage money by taking RISK. PROFESSIONALS manage RISK by taking money.

Etc.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,694
  • Mar 16, 2010 10:19pm Mar 16, 2010 10:19pm
Quoting patrick25
Eurnzd:

It looks like she is building her base. This is funy I don't feel the rush to trade any more and not interested in 100-200 pips trades either. Have any of you got this feeling? or Strat is working on his magic.
You know although not PA based that looks head and shoulderish. In my humble opinion she seems bearish still.
  • #10,695
  • Mar 16, 2010 10:32pm Mar 16, 2010 10:32pm
AND:

I TOLD YOU SO....didnt believe me then?????

Quoting strat
Patrick, you have initiated some good "light bulb" moments.

Just to re-cap:

TRADE TO LIVE "NOT" live to trade

Trading is NOT a "Get Rich Quick Scheme".

Trading is a serious business which needs treating as a SERIOUS BUSINESS

We need PATIENCE to wait and "SEE" opportunities

We need DISCIPLINE to act and trade opportunities

We can only take what the market gives us - we do "NOT" force the market.

We ACCEPT losses as the cost of doing business

We are PROFESSIONALS and PROFESSIONALS look for a reason NOT to take a trade...
Annoying Precision
  • #10,696
  • Mar 17, 2010 12:20am Mar 17, 2010 12:20am
Quoting Donadoney
You know although not PA based that looks head and shoulderish. In my humble opinion she seems bearish still.
Hi Donadoney,

I am watching and learning Strat three conditions he was talking about market behaviors when it turns around.
  • #10,697
  • Mar 17, 2010 12:45am Mar 17, 2010 12:45am
Quoting CrudeCraig
accepting the FACT that wealth isnt going to be built overnight or in 6 months, but it can be done


Very true! once i realized this i felt a lot more relaxed and it helped my patience.
I have a good talk with myself that why I put myself through a lot of stress trying to daytrade when I like what I do at my job. Why not learn to trade on daily and build a passive income account and enjoy the steady income at the job I like to do, the best of both worlds.
  • #10,698
  • Mar 17, 2010 2:11am Mar 17, 2010 2:11am
Quoting Raje$h
Hi Strat,

I discovered this wonderful thread only recently.

It will take me a few weeks to read through completely but wanted to register for the "Path of Learning". Is this 'way' still open?

Cheers,
R
Yes, always.

Just send a PM to Naws with your details and he will register you on "The Path". Then it is up to YOU to read and UNDERSTAND. Take your time.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,699
  • Mar 17, 2010 2:54am Mar 17, 2010 2:54am
Quoting strat
Patrick, you have initiated some good "light bulb" moments.

Just to re-cap:

TRADE TO LIVE "NOT" live to trade

Trading is NOT a "Get Rich Quick Scheme".

Trading is a serious business which needs treating as a SERIOUS BUSINESS

We need PATIENCE to wait and "SEE" opportunities

We need DISCIPLINE to act and trade opportunities

We can only take what the market gives us - we do "NOT" force the market.

We ACCEPT losses as the cost of doing business

We are PROFESSIONALS and PROFESSIONALS look for a reason NOT to take...
First Page of the Index please. Printed with Professional BLOOD.

Spinner
Spinner 'Tis in the Waiting.....
  • #10,700
  • Mar 17, 2010 5:00am Mar 17, 2010 5:00am
All timeframes are in down trend.

We are below the big monthly hammer (2009.10, was it a controlling bar?).

Daily 03.12 the price broke 1.02 level, ant 03.15 tried to make it up, but the level held it and it was an inside bar.

Was it the sign to go short? (the inside bars are tradeless in this thread) or i have to wait for retest of this level?
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