Strat's Long Term Stress Free Trading

Don't get me wrong Alexandra,all I want to say ,that this pair MAYBE will make some funny moves later.Wright now a long trade is definitly a counter trend.We don't know what will be,but we will see.It is all to watch!Thanks.

Some things seem so obvious that I have to get my crystal ball out again.

So, peering through the cracks, mist and fog:

Week-end crystal ball gazing:

AUDCAD looks to be basing for a trip to 0.958

AUDNZD might re-test 1.275 before another bash at 1.3124

AUDUSD look for PA at 0.902 for another ride to 0.9848

CHFJPY look for PA at psycho 86 to visit 82.50

EURGBP Post #10008 still valid – PA in place for a scoot up to 0.9411

EURJPY look for PA at 125.25 for a return to 120.50

EURUSD time for a rest and a flight back to 1.3800

GBPJPY look for PA at 139.50 for the 132.00 express

GBPUSD look for PA at 1.5180 for the 1.4640 station

USDJPY look for PA at 92.50 to go back for more wellies at 88.20

Hi Strat! We know you put your SL under/above the previous swing or S/R level,but when you see a hammer/inverted hammer,SS or hanging man,do you close the trade(even just a part of it),or you move the SL under/above one of the above candle in order to let the trade to breathe(just in case the candle fails)? I know that the most important is the position of that candle,and in the chart is not anymore a hammer,but in that moment I thought so.Thanks.

Downstep symmetry. Pardon me if this is stating the obvious but the length of the lines is interestingly consistent.

Good Morning

rah rah rah

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lol.....nice observation

Hi Lou,

Here something to think about though, the last candle was a lot larger than previous pulled back. The next two candles will tell a lot if this time will be like another pull back.

Ummm..........sometimes the obvious is difficult to see.

I knowww... and the time factor of the pull back is a lot shorter. Earlier it was a few days. This one is one day. If that is significant, we shall see. What will happen at the 20 ? or has price reacted already? Like you say.. the next candles may reveal if the pattern continues.

Some hurdles to clear first, dont get slap happy too soon.

Never cared for the 3 Stooges.

You know what I am looking for, the three king of same type.

Interesting, I never knew the term was coined from the 3 stooges, "Senior" member .

Not sure that it was coined from them. Just my visual of them.

I am more of a W. C. Fields / Mae West/ and Laurel and Hardy fan. Too bad there is no FFF designation for ' Ancient Member '

I wont go in depth about my ff theory....look in the ff recycle bin...sort the threads from..."beginnings" and go to the very first page. There are 4 extracted posts from 1969 , there may be more here then meets the eye .

AUDUSD look for PA at 0.902 for another ride to 0.9848

I am going out on a limb here and questioning the teacher.

Why do you think we are going back up to .9848. Here is what I see.

Worker: Price trapped between the MA's

Boss: We have formed 3 LH and 2 LL.

Big Boss: We are still directionless until the January SS is taken out in either direction. Feb looks like a bond hammer with another SS in march (still forming).

If anything it looks like we may be headed down towards .8649 which conincides with the 23.6 fibo.

Sorry I can't post all the charts , I am at work. Strat can I borrow your crystal ball some day?

A big and heartfelt thanks to those who answered my query.

I have carefully considered the advice offered, and obviously I had lost my way.....temporarily at least.

Re the assertion that I am only a useless lurker, please refer to my own "index" attached. It covers the thread, every page, up to page 121, and will be continued to the very end. There have been "Pearls of Wisdom" on nearly every page.

95% of the quotes are from the Master, the others are in distinctive colours, and I am sure the authrs will recognize them.

I am no lurker.

Thanks again, Roger

That is a good index, Roger. I have saved it since it includes many helpful ideas in a concise document. Keep adding to it and post it here. Maybe a version #1, #2 and so on.

Dave

Trolling through the charts on a casual basis with no technical bias, it seems to me the EUR pairs across the board are ready for a rest from the relentless downward pressure they have been under recently.

No doubt the talking heads will be calling them "over sold" which I don't subscribe to since the sellers will keep on selling until they reach the PRICE at which it is no longer attractive for them to sell. At that point the buyers will believe that PRICE is discounted and will start to buy.

As for the main line express, it seems like it has run out of coal and has to go to the goods yard to fill up. Once full of coal again, will it get up a full head of steam and which line will it take out of the goods yard?