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  • #10,701
  • Mar 17, 2010 5:32am Mar 17, 2010 5:32am
are there other lessons to be learned?

for me the little men took over and in hind sight maybe it should have been left alone, I say that as the blue area was my target to start looking to get back in on this pair.
for me a lesson here was something strat has mentioned before, the price was so far from the 20Ma, it had to pull back sometime, the trade on the 01/03/2010 was a similar trade except the price was close to the 20Ma
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  • #10,702
  • Mar 17, 2010 7:40am Mar 17, 2010 7:40am
Quoting BaliuxXx
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?
For me, stress free trading is to wait for a retest of the resistance (previous support). If there will be a retest and if you see PA that shows clear rejection from the R, then that's a good sign that it might continue to go down.
  • #10,703
  • Mar 17, 2010 8:08am Mar 17, 2010 8:08am
Quoting Money Magnet
are there other lessons to be learned?

for me the little men took over and in hind sight maybe it should have been left alone, I say that as the blue area was my target to start looking to get back in on this pair.
for me a lesson here was something strat has mentioned before, the price was so far from the 20Ma, it had to pull back sometime, the trade on the 01/03/2010 was a similar trade except the price was close to the 20Ma
I think nothing wrong with the trade. It is the last trade that Dr. Joe prepared to lose when it stops going up. When I was looking at Audnzd chart at that time, I was thinking it was a good trade to add on but not initiate a trade.
  • #10,704
  • Mar 17, 2010 9:39am Mar 17, 2010 9:39am
Very interesting situation with the Dollar:

USDCAD suggests that it's all over for the dollar with the next stop at .9420

USDCHF is at an important crossroad with more going for support than a continued decline

USDJPY is still consolidating but could really go either way (from a technical standpoint)

Does this mean that USDJPY will be the tie breaker?
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  • #10,705
  • Mar 17, 2010 3:42pm Mar 17, 2010 3:42pm
Quoting mstandifer
Very interesting situation with the Dollar:

USDCAD suggests that it's all over for the dollar with the next stop at .9420

USDCHF is at an important crossroad with more going for support than a continued decline

USDJPY is still consolidating but could really go either way (from a technical standpoint)

Does this mean that USDJPY will be the tie breaker?
Hi Marcushttp://cdn.forexfactory.com/images/icons/icon7.gif

USDJPY is coming into a possible resolve, I have it marked as there is a big confluence of major SR, DSRI and both the 20 and 50 are very close together. So I gather this one is going to move. No trade for me here in the near future until it clearly shows direction, but it is nice to observe how it moves until some resolution here.

USDCHF is showing some move downward but EURUSD is not following in the opposite direction, this is not the usual, but I recon that there is a long bias here anyway, waiting for clear HH and HL for an entry.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #10,706
  • Mar 17, 2010 4:06pm Mar 17, 2010 4:06pm
Hi baliuxxx and cristea+!I agree with you about usd/cad.My reason because i did not short it,is the red R became S.Until I see P.A. with a clear direction I won't touch it.Thank all of you!
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My humble opinion.
  • #10,707
  • Mar 17, 2010 5:11pm Mar 17, 2010 5:11pm
Quoting strat
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.
Hello Strat, just trying to digest the whole thing after some years of blindness. Thanks to you and your thread and all the guys here. I see there is no link to pm Naws, can you tell me how to pm him and register on "The path".
Thx
Godspeed
Max
  • #10,708
  • Mar 17, 2010 5:14pm Mar 17, 2010 5:14pm
Quoting Spinner
First Page of the Index please. Printed with Professional BLOOD.

Spinner
Thanks for the idea, Skye man!

I have re-worked it, added more of my beliefs and called it "Strat's Mantra"

ALL:

Strat's Mantra is now on the First Page of this thread - ignore at your peril, Beryl!
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,709
  • Mar 17, 2010 5:18pm Mar 17, 2010 5:18pm
Quoting dorellino
Hello Strat, just trying to digest the whole thing after some years of blindness. Thanks to you and your thread and all the guys here. I see there is no link to pm Naws, can you tell me how to pm him and register on "The path".
Thx
Godspeed
Max
Hi Maxhttp://cdn.forexfactory.com/images/icons/icon7.gif

Go to any of Naws posts (e.g. 915 page 61) then click on his name, then on the tab on left choose private message, then type message.

Happy Learninghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #10,710
  • Mar 17, 2010 5:26pm Mar 17, 2010 5:26pm
Quoting strat
Thanks for the idea, Skye man!

I have re-worked it, added more of my beliefs and called it "Strat's Mantra"

ALL:

Strat's Mantra is now on the First Page of this thread - ignore at your peril, Beryl!
Hi Strathttp://cdn.forexfactory.com/images/icons/icon6.gif

Great stuff, this is exactly what a beginner needs to see, although some statements might seem difficult to envisage, I believe by the time one gets to this part of the thread with knowledge and understanding this mantra only becomes meaningful.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #10,711
  • Mar 17, 2010 5:33pm Mar 17, 2010 5:33pm
Quoting strat
Thanks for the idea, Skye man!

I have re-worked it, added more of my beliefs and called it "Strat's Mantra"

ALL:

Strat's Mantra is now on the First Page of this thread - ignore at your peril, Beryl!
That's a MATRA?? Looks to me more like a credo.

How about this: PASRRULZ.... ?
  • #10,712
  • Edited 6:16pm Mar 17, 2010 5:55pm | Edited 6:16pm
Good evening Strat, Ladies and Gentlemen,

I´m glad that I found this place great input! May I have a seat?

Thank you very much.


Red.
  • #10,713
  • Mar 17, 2010 7:07pm Mar 17, 2010 7:07pm
Quoting Rednose
Good evening Strat, Ladies and Gentlemen,

I´m glad that I found this place great input! May I have a seat?

Thank you very much.


Red.
Sure! Be our guest Rudolph!
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,714
  • Mar 17, 2010 7:10pm Mar 17, 2010 7:10pm
Email received just now!

Here is where you end up when you lack PERSEVERANCE, PATIENCE and DETERMINATION.

Many of you will remember him as AminAS on the thread – he tried to learn PASR trading in a couple of months, wasn’t getting rich trading the Daily time frame and dropped down to M15 then M5 for some action and promptly blew his trading account!

He has now discovered MLM and Pyramid marketing except he doesn’t realise that you have to be at the top make money at that.

I guess that’s what happens to young, lazy, brain dead people.

“”Hi Strat

Long time no hear!

If you still remember me, I should let you know (in case you didn't know already), I'm out of the FX business altogether.

I took account of my lifestyle and wanted to shift it in a different direction which is what I'm currently doing.

I'm looking at ways of making a residual income rather than having to work for a living - such as daily trading. I'd rather set something up and then forget about it and yet, have it bring a stable income for years to come.

If you know of any such opportunity, let me know.

Anyhow, the purpose of writing to you today is at the request of a friend of mine - Martin Burns.

He has this course in which he teaches people to make £15,000 per month (that's about $23,000 per month). It's a step-by-step system.

He has had some great reviews and very positive outcomes by the people who bought the course.
I know from his previous dealings that his information is first class.

He's so sure about his product that he's even offering to PAY YOU if it doesn't work. Now, that's an irresistible offer because you just cant lose!

On top of this deal, he also has a guarantee. Together with the product, he is offering FREE MENTORING to a limited number of people. He says that there are about 20 free mentoring slots remaining and he doesn't expect them to remain for long.

Whether you're interested or just intrigued, it's worth checking out his offer at:

http://www.sendmeyourmoney.com/AS

Won't cost much either,

Hope this helps,

Amin””

15 YEARS OF PASR ON FOREX FACTORY!
  • #10,715
  • Mar 17, 2010 7:26pm Mar 17, 2010 7:26pm
Quoting strat
Sure! Be our guest Rudolph!
Well, Thank you very much Santa!

lol...it´s because of the dog...Rednose Pitbull one of the most beautyful lines I ever seen.

Glad to be here.
  • #10,716
  • Mar 17, 2010 7:54pm Mar 17, 2010 7:54pm
[quote=strat;3561264]Email received just now!

Here is where you end up when you lack PERSEVERANCE, PATIENCE and DETERMINATION.

Many of you will remember him as AminAS on the thread – he tried to learn PASR trading in a couple of months, wasn’t getting rich trading the Daily time frame and dropped down to M15 then M5 for some action and promptly blew his trading account!

He has now discovered MLM and Pyramid marketing except he doesn’t realise that you have to be at the top make money at that.

I guess that’s what happens to young, lazy, brain dead people.


Who said it best..."youth is wasted on the young".......
  • #10,717
  • Mar 17, 2010 8:30pm Mar 17, 2010 8:30pm
Quoting strat
Email received just now!...
WOW!!

There doesn't seem like a lot of rational thinking going on there. That's a bummer too because he seemed to be catching on quick while he was still posting.

Best of luck in whatever he goes for though.
  • #10,718
  • Mar 17, 2010 8:34pm Mar 17, 2010 8:34pm


Quote
I'm looking at ways of making a residual income rather than having to work for a living - such as daily trading. I'd rather set something up and then forget about it and yet, have it bring a stable income for years to come.

If you know of any such opportunity, let me know.
I know of one....

.... put your money in a savings account at your local bank for about 1% annual interest rate.

Oh wait -- you can't get rich quick doing that.
  • #10,719
  • Mar 17, 2010 9:07pm Mar 17, 2010 9:07pm
Hey to everyone,

First post ever on FF. Though I have been reading FF threads for some time Strat's tutorials and way of teaching, both technique and psychology really fascinate me, so as to post.
Been in FX for two years and my biggest disappointment besides loss is absence of a solid and reliable technique. As many people in here, I gather, myself included started trading M5, M15 then moved up to H1 and H3.
I have lost money, which is ok in a way bec I understand it's part of the learning process BUT.. what really irritates me is that all "systems" I have tried so far last for a good month at best. First week of the next month all profit is gone and all systems fail.

Anyway enough moaning,

Strat and Team Strat congratulations for putting time and effort to this priceless "guide to traders" thread

Hopefully I will post again

Rubens PP
  • #10,720
  • Mar 17, 2010 9:23pm Mar 17, 2010 9:23pm
Welcome to STRAT'S Den. Read the whole thread if you want to make some bread .

You will find this is the probably the best thread on FF in regards to solid material.


Quoting Rubens PP
Hey to everyone,

First post ever on FF. Though I have been reading FF threads for some time Strat's tutorials and way of teaching, both technique and psychology really fascinate me, so as to post.
Been in FX for two years and my biggest disappointment besides loss is absence of a solid and reliable technique. As many people in here, I gather, myself included started trading M5, M15 then moved up to H1 and H3.
I have lost money, which is ok in a way bec I understand it's part of the learning process BUT.. what really irritates me is that all "systems"...
Annoying Precision
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