Strat's Long Term Stress Free Trading | Page 544 | 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

  • #10,861
  • Mar 21, 2010 8:49pm Mar 21, 2010 8:49pm
Quoting mstandifer
As many of my posts indicate, I have to know why and how something works....
Because it occurred at resistance and at a swing high, you know what to do next.

A bit more to your jig saw puzzle if I may:

CONFLUENCE of:

Resistance
20
50% swing retrace
Pullback to 20
Strong Downtrend

This was a nice, no dammit, beautiful, ATM and “fill yer wellies” trade!

These trades are what we PATIENTLY WAIT for.

These trades make up for all the times we are WAITING
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 30 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,862
  • Mar 21, 2010 9:22pm Mar 21, 2010 9:22pm
Quoting tmanbone
I found Strat's thread a week or so ago, among others that I've read and studied are J16, Jacko, Peter Crowns, Fozzy, 4hr MACD method, DanUK, and Igrok. I guess this makes me king lurker. I need to set the record straight. This is the thread I want to learn from and contribute to. Anyone reading this, newer than I, should know that after a little better than 4 years of struggling through all the BS going around, this is one of the finest educational threads there is. With this said I'd like to invite you to critque my analysis.

USD/CHF Pros:
weekly...
USD/CHF Pros:
BOSS R @ 1.0570 4/27/08 Yes
Confluence with 20
Confirmed the following week
turned support 12/28/08 Yes
BOSS hammer 3/14/10 in confluence with 50% retrace from BOSS cycle low
1/10/10 to BOSS cycle high 2-14-10 Yes
again in confluence with BOSS bounce off of BOSS 20 Yes
closed above daily 50. Yes

Cons:
below Worker 20 Yes
below BOSS 50 Yes


overhead resistance @ 1.08082
and again @ 1.0862
These create a “zone” so if you like working with zones that’s OK. If you want to use a single PRICE level, fine tune these levels on the Worker.

Excellent job for a first time analysis.

Don’t forget to get the terminology right, Tom. You’re a BOSS on the construction site and you deal with Workers – right?

So, you have done this, now what? How are you going to apply this analysis to making some GWs?
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,863
  • Mar 21, 2010 9:23pm Mar 21, 2010 9:23pm
Quoting tmanbone
... I'd like to invite you to critique my analysis.
Addition of two blue lines may help you complete your analysis.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF-Daily.jpg Size: 154 KB
  • #10,864
  • Mar 21, 2010 9:34pm Mar 21, 2010 9:34pm
Quoting CrudeCraig
Good post Rednose!

As soon as i realized this is not a sprint to get rich as quick as possible i started to become a more patient and disciplined trader.

I really like the analogy that Strat used earlier comparing learning to trade to an Apprenticeship. This really makes sense to me as my day job is an Electrician. I went through a 4 year program (2yrs of full time school and 2yrs of training with a journeyman in the field) to obtain the required training hours to be eligible to take the journeyman state test and become a journeyman myself.

So...
I really like the analogy that Strat used earlier comparing learning to trade to an Apprenticeship. This really makes sense to me as my day job is an Electrician. I went through a 4 year program (2yrs of full time school and 2yrs of training with a journeyman in the field) to obtain the required training hours to be eligible to take the journeyman state test and become a journeyman myself.

So for me i am looking at this as just another apprenticeship to my new career that may take me 4+ years and i am ok with that.

My Graduate Mechanical Engineering Apprenticeship took 7 years!

If I go back to my first trade in 1982 (trade that’s a laugh – more like donation!), I’m in my 28th year of trading apprenticeship and I have no idea when it will end (Yes I do, when I either stop enjoying trading, or the trouble and strife finally catches me and kills me or I keel over and pop my clogs!)
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,865
  • Mar 21, 2010 9:41pm Mar 21, 2010 9:41pm
Quoting strat
And after trading and studying trading for probably 10 years, I feel I am certainly familiar with nearly all of the terminology (except of course, BEEB, which should probably be a BEEP, since it's referred to in my courses as a Bearish Engulfing Pattern

Eric - your "holyer than thou" attitude tells me you are doomed to fail at this.

No-one is forcing you to be on this thread. Feel free to go elsewhere where they call "things" correctly which satisfies your political correctness.

I'm a REBEL - I don't give...
WoW! At first I thought I hit a nerve, since you replied TWICE to my post, but now I know better. You say you "don't give a rat's ass", but if you did you would've ignored my post entirely. I can see that you really do care about trying to help people succeed, otherwise you would've quit following this thread a long time ago, especially since you aren't collecting subscriptions for your advice. You may pretend to be a grumpy J.A., but I know better now. And if you think you're going to get rid of me that easily, "You Got Another Thing Coming" - Judas Priest.

Eric
  • #10,866
  • Mar 21, 2010 9:45pm Mar 21, 2010 9:45pm
Quoting CrudeCraig
I like the looks of this to the long side.
But it hasn't got far to run and that big green bar has already taken up most of that.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,867
  • Mar 21, 2010 9:49pm Mar 21, 2010 9:49pm
Quoting ericjschroed
WoW! At first I thought I hit a nerve, since you replied TWICE to my post, but now I know better. You say you "don't give a rat's ass", but if you did you would've ignored my post entirely. I can see that you really do care about trying to help people succeed, otherwise you would've quit following this thread a long time ago, especially since you aren't collecting subscriptions for your advice. You may pretend to be a grumpy J.A., but I know better now. And if you think you're going to get rid of me that easily, "You Got Another Thing Coming"...
As the Japanese said after Pearl Harbour - "Have we awoken a sleeping giant?"
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,868
  • Mar 21, 2010 9:50pm Mar 21, 2010 9:50pm
Too many indecision bars around a major SR and I believe the coming PA will show us the way. Uptrend is still valid.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD-Daily.jpg Size: 181 KB
  • #10,869
  • Edited 10:06pm Mar 21, 2010 9:57pm | Edited 10:06pm
Don’t forget to get the terminology right, Tom. You’re a BOSS on the construction site and you deal with Workers – right?

So, you have done this, now what? How are you going to apply this analysis to making some GWs?

Thank you sir, terminology mistake corrected; observations at the moment, working on my pros/cons trade ranking plan. A little late to take the trade IMO, and wasn't an A trade due to the cons mentioned. I'm also struggling a bit on how to organize my analysis for several pairs. I think my MT4 has some glitches, it seems to take trend lines plotted from one chart and show them on the next pair I'm studying. I need to work through this and decide on a good charting platform that will handle storing drawn S/R levels and trend lines, without them being shown on the next chart I review. This is starting to aggravate but I will figure it out.

Blackeagle, I appreciate your input. l will start working with trend lines from this point forward. I'm interested in your charting platform. I can't tell what it is from your post. Thanks for the critque. I appreciate yours and Strat's opinon.
T
  • #10,870
  • Mar 21, 2010 10:00pm Mar 21, 2010 10:00pm
Already Longs or who are considering to do so, are you aware of the forming bar on the Big Boss chart and its location (9 more days of trading left excluding Good Friday) ?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD-Monthly.jpg Size: 144 KB
  • #10,871
  • Mar 21, 2010 10:14pm Mar 21, 2010 10:14pm
Quoting tmanbone
Don’t forget to get the terminology right, Tom. You’re a BOSS on the construction site and you deal with Workers – right?

So, you have done this, now what? How are you going to apply this analysis to making some GWs?

[font=Arial]Thank you sir, terminology mistake corrected; observations at the moment, working on my pros/cons trade ranking plan. A little late to take the trade IMO, and wasn't an A trade due to the cons mentioned. I'm also struggling a bit on how to organize my analysis for several...
I think my MT4 has some glitches, it seems to take trend lines plotted from one chart and show them on the next pair I'm studying. I need to work through this and decide on a good charting platform that will handle storing drawn S/R levels and trend lines, without them being shown on the next chart I review. This is starting to aggravate but I will figure it out.

This doesn’t sound like, and your charts don’t look like genuine Metatrader MT4 charts – they could be a hodge podge from your broker.

On any chart, go to the top and click on “Help” then click “About”.

This will tell you whether it is or not.

It should show your broker’s name and below that something like:

“Version 4.00 Build 225” and below that the Build date

The bottom should also say:

“Copyright C 2001 – 2009, Metaquotes Software Corp”

If you don’t have this, get back to your broker and tell them you want it. If they can’t give it to you, find another broker.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,872
  • Mar 21, 2010 10:19pm Mar 21, 2010 10:19pm
Quoting Blackeagle
Too many indecision bars around a major SR and I believe the coming PA will show us the way. Uptrend is still valid.
The wheels have fallen off all the cycles on this one so I need resolution of the triangle to get me interested.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,873
  • Mar 21, 2010 10:25pm Mar 21, 2010 10:25pm
Quoting strat
I really like the analogy that Strat used earlier comparing learning to trade to an Apprenticeship. This really makes sense to me as my day job is an Electrician. I went through a 4 year program (2yrs of full time school and 2yrs of training with a journeyman in the field) to obtain the required training hours to be eligible to take the journeyman state test and become a journeyman myself.

So for me i am looking at this as just another apprenticeship to my new career that may take me 4+ years and i am ok with that....

My Graduate Mechanical Engineering Apprenticeship took 7 years!

lol yes but see i am just a peon!

I just do what the Engineers tell me to do! (well most of the time) Some of you guys make me wonder
  • #10,874
  • Mar 21, 2010 10:30pm Mar 21, 2010 10:30pm
Quoting Blackeagle
Already Longs or who are considering to do so, are you aware of the forming bar on the Big Boss chart and its location (9 more days of trading left excluding Good Friday) ?
This is now your 2nd Warning!

Post #10797

Big Boss ramblings

AUDNZD
Big Boss shooting star at R on my data.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,875
  • Mar 21, 2010 10:37pm Mar 21, 2010 10:37pm
Quoting strat
This is now your 2nd Warning!

Post #10797

Big Boss ramblings

AUDNZD
Big Boss shooting star at R on my data.
Just wanted to add a graphical illustration (for the ones who read but not understand) to your 1st warning as it was a popular pair recently on this thread.
  • #10,876
  • Mar 21, 2010 10:38pm Mar 21, 2010 10:38pm
Quoting strat
... so I need resolution of the triangle to get me interested.
Me too.
  • #10,877
  • Mar 21, 2010 10:45pm Mar 21, 2010 10:45pm
Quoting strat
GBPCHF
Big Boss on a tour of 1.5600 unless the SNB runs out of gas (“sooner or later”)
Considering the price is below major SR and close to make a new all time low, it seems it would be sooner rather than later.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF-Monthly.jpg Size: 250 KB
  • #10,878
  • Mar 21, 2010 11:05pm Mar 21, 2010 11:05pm
Quoting strat
Because it occurred at resistance and at a swing high, you know what to do next....
Here we go again.......................
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 32 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,879
  • Mar 22, 2010 3:19am Mar 22, 2010 3:19am
Hi Strat,

This is my 2nd post here and my first setup for entry using your method.

AUDUSD (daily): Price has just broke the daily tringle and is heading toward 20 which coincide with the 23.6 FIB retracement of the swing from Feb 5 to March 17. Last three candles are showing us some strong bearish momentum. So if price break the confluence of 20 and 23.6 FIB i will be short

First support is at 0.9011 which is also the level of 50 and the next support is at 0.8895 which is slightly below the FIB 50.

I am not sure what should be my target for this setup. Also please tell me if i had drawn the support line correctly (can't be 100% correct but somewhere around 50 or 60%

One more question. I read a lot her about psycho level with regards to S & R. Can u please elaborate it a little for me. Sorry if you have already done that. I am currently at page 80 and have not find yet.

thanks and regards

Khurram
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 39 KB
  • #10,880
  • Mar 22, 2010 3:35am Mar 22, 2010 3:35am
Ok I really want to have Strat's feed, I'm tired of seeing all those goody BEEBs and all while I watch a lousy IB . I also have FxPro (demo) but I think that because I'm located in Europe the feed is different than the US one. So, anyone with a demo account to FxPro that has the same feed as Strat please pm me the .srv file.

Thank you in advance!
Trading = a mirror to your human flaws. Fix them or be fixed.
5 traders viewing now