Strat's Long Term Stress Free Trading | Page 565 | 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

  • #11,281
  • Apr 6, 2010 2:47pm Apr 6, 2010 2:47pm
GBPUSD
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 27 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,282
  • Apr 6, 2010 2:57pm Apr 6, 2010 2:57pm
Quoting igmal
good evening! One of the pair that I find interesting to watch is E/J. Last month bueb,weekly inside of triangle,last week closed above 20 and almost to the upper part of triangle.I put on daily a yellow zone of sideways market.The price broked 125 R level and gone to upper part of triangle.The last 2 days turned the price to the last RS(125).It is interesting to see if R becomes S(20+38.2fibb) and monthly bueb will push again the price up,or turns back in sideways market zone continuig to the down part of triangle.It is all to watch in the next...
Here is why EURJPY is so frustrating:

BIG BOSS
Made HH and HL

BOSS
Made LH and LL

Worker
Made HH and ?

See any harmony here?
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,283
  • Apr 6, 2010 3:12pm Apr 6, 2010 3:12pm
EURUSD - Hey BIG BOSS, its rude to point!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 27 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,284
  • Edited 4:22pm Apr 6, 2010 3:52pm | Edited 4:22pm
Quoting strat
Here is why EURJPY is so frustrating:

BIG BOSS
Made HH and HL

BOSS
Made LH and LL

Worker
Made HH and ?

See any harmony here?

I do think highlighting this one is appropriate, though. With USDJPY entering day three of the suspected stall and E/J at such an obvious weekly support, traders should have this one on the radar for a nice, harmonious daily signal. Good for you, Baniu.
  • #11,285
  • Apr 6, 2010 4:05pm Apr 6, 2010 4:05pm
We met those "S" people up here and they were not very nice to us!
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.gif Size: 28 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,286
  • Apr 6, 2010 4:08pm Apr 6, 2010 4:08pm
[quote=james_t;3613467]yawn...z

you forgot to mention that i was a sterling market maker for over 6 years....

Since i've been poorly recently, but looks like the old ticker has decided to play ball and not give up the ghost quite yet, i'm at home recuperating, with a lot of time on my hands.
I've only skimmed the last weeks posts, but what a load of dross!!
However, this post did catch my eye. James, i agreed with your analysis, a long would not have been attractive.
However your tone is bol**cx.
A market maker for 6 years ??
I have over 20 years experience in the interbank mkt as a broker. Normally takes about 5 yrs to sort out the deadwood, guess you got lucky.
So a professional market maker?, (who won't share his 4hr entries), who can't trade lower time frames, on which supposedly we are led to believe you were bobby big bol**cx, has to switch to higher time frames to try a make a living, reading amateur threads?
You might manage muppet accts, who gives a F**k?
Your attack on thread contributors smacks of desperation and attention seeking, so for me, take your 6 yrs and shove it where the sun don't shine. Don't forget, for some contributors, English is not their first language, wanna pick me up on commas or full stops ??
I hope to contribute more in the near future.
Apologies to all i didn't make the london meetup.

Cheers
  • #11,287
  • Apr 6, 2010 4:52pm Apr 6, 2010 4:52pm
  •  Sid
  • | Joined May 2009 | Status: Get wise or die laughing | 85 Posts
golfer!! man, glad to read you. remembered your msg that you weren't well and was wondering from time to time how everything went. good to see that you're coming back full steam!

meetup was awesome. i'm sure it's easily arranged again...

smooth recovery!
sid
  • #11,288
  • Apr 6, 2010 11:05pm Apr 6, 2010 11:05pm
but looks like the old ticker has decided to play ball and not give up the ghost quite yet

Hi Golferhttp://cdn.forexfactory.com/images/icons/icon7.gif

Good to know you are getting better, get well soon. You have some posts to catch up.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #11,289
  • Apr 6, 2010 11:20pm Apr 6, 2010 11:20pm
Quoting elitejets
Just a reminder about AUD rate decision Monday night (Tuesday morning Aussie time). The market has priced in a 25bps hike and it's widely expected but if they do not hike or they say anything dovish then the AUD is going to tank. Either way the decision might give some direction here.

Personally - I really like the tight wedge on AUDCAD short for a breakout trade / break of support if you like AUD short and if you like it long then AUDJPY was the star performer by far of late.


Hi Nicolahttp://cdn.forexfactory.com/images/icons/icon7.gif

This wedge has not cleared itself out as yet but the momentum on the big boss and boss is downward. I also like that the price is respecting the 20 so IMO the move downward towards 0.9100 is very good possibility, I would wait for PA below my sell zone to enter down, however this is close to trendline I have at 0.9100 so sell into support is not for me here.

Good to watch this pair for resolving the wedge.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
Attached Image (click to enlarge)
Click to Enlarge Name: worker 7.04.10.gif Size: 34 KB
  • #11,290
  • Edited 12:44am Apr 7, 2010 12:30am | Edited 12:44am
This is my first analysis on the thread, thanks in advance for any and all constructive criticism. I have been demoing off the old 20 second glance and trying to improve that without getting to wordy, it takes me a lot less time to think these things out than it does to write them but here we go.


Edit: Charts were oversized so I went to redo but now they automatically resized.... Not sure whats going on but if it blows the thread up for others I will try to make them small but clear.


EURUSD Monthly:

Technically in a pullback on an uptrend and currently forming wedge. The extremely bearish bar last December really set the tone for the first Quarter of 2010 and it seems now we wait to see what the next whim is. Looking at this chart makes trading look easy - short from the bottom of the December's bar to the TL.

Last monthly candle doesn't look strong enough to stop a train, even if that train is against the major trend, but anything is possible. How it interacts at the ascending TL may shine some light on whether we will be stepping down or heading back to test the descending TL and/or static supports. We also have the MAs coming together which could lead to a burst of energy either way. The 100EMA has acted as support in confluence with static support on the last pullback and if we break 1.33 look to 1.29/100EMA as the next station. If 1.33 holds then keep on eye on static support, the MAs and the descending TL.

http://i40.tinypic.com/10q02hg.gif


EURUSD Weekly:

Making LLs and LHs since 1.50. I do not respect the descending TL on this time-frame but no evidence to support we should be anymore leaning towards the bulls. A great short entry with low risk was off the break and retest of 1.45 though the perceptive amongst us would have seen the resistance at 1.50 over several weeks and have been locking their doors for fear of hibernating bears waking and/or setting up for a holiday South depending on their risk appetite.

1.33 break and hold needed to think further lows, any shorts from higher up can have stops tucked in to either above the 250SMA or 1.3675.

http://i41.tinypic.com/2m281n9.gif

EURUSD Daily:

Still making LLs and LHs. Last candle/MA entry (but too far from static SR) was off the small bar confirming the 20 was holding support a day after a fairly bearish bar, almost BEEB if we stick with the "good enough" school of recognising candles. Two entries, 0.5/1% risk each, first with TP at descending trendline (hit), second entry move to BE+5 after first closes in profit and if possible follow trailing stop manually 10 pips below confirmed swing highs. No other rules to protect profit, if it went the other way we were happy with the risk we took and felt we still had the secondary trend on our side.

I did trade the bearish breakthrough of the trendline on the 18th March with a stop above static SR 1.3675 which was only 100 pips risk, same MM technique, two 1% entries, first with a TP of 100 to satisfy the demons and I moved second positions SL to BE+5, TP was at 1.33 major resistance.

http://i42.tinypic.com/2r3ji89.gif

Thank you for your time and more so for feedback!

Onwards and upwards,

FE.
  • #11,291
  • Apr 7, 2010 12:46am Apr 7, 2010 12:46am
One more before I get back to my favourite top-down analysis, I hope any comments received help myself and others on the path. I hope it doesn't seem like I'm analysing "easy" charts, Strat said to pick ones we liked, this has made me some great pips since I became aware of it well into the trend.

EURCAD

Monthly:

Price has been tumbling and Strats momentum machines must have needed an oil change to keep up. Anyone still short from 1.60 (and a well-managed trade from the triple-touch on the D1 would still be) can bank their income for the year if/when swing high stops go. Still, price is very stretched from the MAs and we must be wary of 1.3500/1.3550 AND we have no way of knowing how the monthly candle will end - it could just as easily find buyers like November 2007 so all stops need to be kept on a relatively tight leash and not get lazy on new entries - using more than one position, aiming for 100 pips'ish on one and moving second position to BE or however you like your combo meals is what I am doing but I am early on the path - if anyone has found a better split-lot sandwich on the way please discuss. Definitely "getting some" makes for contentment and its nice to watch Act II without any risk on the table.

http://i44.tinypic.com/alpxrq.gif

Weekly:

The confluence of 1.50, the DSRI, and the BIG BOSS 50 forming resistance was a nice spot and anyone who got in above there and saw that knew they were in "fat city" for as long as it'll last and started singing "Dr. Joe's coming round the mountain when he comes" and whistling doodah. The break and confirmation of 1.44 also sticks out like someones had too much snake wine and probably could have been traded to the bank by said drunk. Dr. Joe is yelling "DOWN" and we just need to look for good entries and manage stops tight in case of the elastic band effect from the Bosses getting their whips out.

http://i41.tinypic.com/t6avjb.gif

Daily:

1.44 gave us a perfect break, retrace, hold R and kiss the 20 and any positions trailing swing highs are still open (lucky them! I need to learn to see this in real time and CHECK CHARTS EVERY DAY). 1.355 has just given us a break but a quick entry for the 138.2 extension rather than 100 pips, and other half moved to BE means we are in in the case it just keeps going. If it reverses here, watch for PA at 1.355 and hope we get another candle reversal signal and Dr. Joe lets us milk it further.

http://i44.tinypic.com/20zsdw5.gif

I see now why we trade multiple charts - all we need is one trend like this at a time for our bread and butter and to be hunting out for others.

I have studied thousands and thousands of charts but haven't been able to get to the terminal real time, that has changed and I will make all effort to see these in real time to study thousands and thousands more.

Any feedback much appreciated,

FE
  • #11,292
  • Apr 7, 2010 1:13am Apr 7, 2010 1:13am
Quoting CrudeCraig
Monthly: We have a BUOB that formed off of the 69.00 level and the 38.2 fib of the recent up move from Jan of last year. This candle also closed strongly above the monthly 20.

Weekly: Price has made a nice bounce off of the minor 65.00 level, the weekly 20 is still above the 50 and starting to head upwards again.

Daily: Price has made some good gains this past two weeks and is getting away from the 20. I wouldn’t be surprised to see a pullback off of the TL to the 20 before we test the highs again. Dr. Joe is still in play.

Lets see if we can break the TL this time around.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpydaily04062010.jpg Size: 106 KB
  • #11,293
  • Apr 7, 2010 1:20am Apr 7, 2010 1:20am
Quoting No1Optimist
hello Dr Strat and Partners,

I would welcome opinions as to how/if to trade this.

My reasoning for a short entry is as follows:

1) This looks to me like a good Dr Joe short entry, getting on the train after a retracement.

2) All the MAs for Boss and Slave are heading south

3) There is no prior SR or congestion on my platform indicating support. Clear air

4) The 20 MA should provide resistance

Please advise.

Is this a viable short trade? If not, why not?

If the answer is yes, how should entry be made?
When I originally made this post (post#11014, page 736) entitled "ADVICE WANTED" I received a few replies which to put it mildly, were scornful of my query.

It was only a query, MY query

At that stage I had not gone very far through the thread, approximately 150 pages I think, and up to that point, Strat was still advising, only to trade shooting stars and hammers in combination with SR.

To me this looked like a good short, but I did not know how/if to trade it and of any apparent dangers.

I did not know if there were any other tools in Strat's arsenal which would have suggested a short trade.

Purely on the basis of what I could see from the chart, a pull back to the MA, plus the points made in my original post) I thought that an an entry at the market on the next bar, (not the Sunday bar) with a stop of say 100pips, may have produced a profitable trade.

Well as of now, in 8 days, it has made over 400 pips, and counting.

Again my question is, would this have been a reasonable "Dr Joe" trade, applying the "kiss" principle?

I am very well aware that it does not follow Strats classic PA, SR rules; and BTW, I now have a reasonable understanding of these rules.

Also BTW, I used the term "slave" for the daily, instead of "worker", because I saw this term used on several earlier posts.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud daily 26 march 2010 active workspace 2.jpg Size: 127 KB
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #11,294
  • Apr 7, 2010 1:23am Apr 7, 2010 1:23am
Quoting strat
USDCHF
I'll take on Strat's picture, of what he was trying to say.

Strat's graph is different, gives a little nicer bond shooting star. I thought they should be the same as my feed closes at NY close. But still we were rejected by upper trendline and Daily still closed below it. Shorts below it still not trigered today at ( 2:00 NY time ) .

Although Strat doesn't have a Support zone but I have one on my graph 1.0650, so if we were sellers below bond shooting star ( really bond? ) we would be selling right at this support. Also more importantly we would be selling into nicely rising trendline combined with confluence of Boss 20 and Boss 50 !

My radar says not a good sell point yet! ... Yet is because we are forming a triangle and later on it could become attractive.
If price will respect Big Bosses 20 as it had till now , after we clear the 20 and 50 of the Boss and maybe some nice PA at triangle breakout could get me going.
Attached Image
  • #11,295
  • Apr 7, 2010 2:01am Apr 7, 2010 2:01am
Quoting No1Optimist
When I originally made this post (post#11014, page 736) entitled "ADVICE WANTED" I received a few replies which to put it mildly, were scornful of my query.

It was only a query, MY query

At that stage I had not gone very far through the thread, approximately 150 pages I think, and up to that point, Strat was still advising, only to trade shooting stars and hammers in combination with SR.

To me this looked like a good short, but I did not know how/if to trade it and of any apparent dangers.

I did not know if there were any other tools...
A great trade under this method. You did much better than me, I waited until Monday night after the rate decision.

At the time you posted this Strat had asked people to post their analysis and everyone else to hold back unless it was something awful, hence the muted response to your questions.
  • #11,296
  • Apr 7, 2010 3:34am Apr 7, 2010 3:34am
I know I have been a bit quiet recently and to some may look like just lurking, but I have been working hard at my PASR, with the limitations of not normally being able to set my trades at the most suitable time, usually I only see my charts 4hrs after my daily candle prints.

I am pleased to report that I managed a 1%+ profit last month, after a LONG time of regular but thankfully small losses due mostly to the little guys in my head messing with my trading.

I hope my attached chart showing my EURUSD trade will show I have TRIED to implement PASR, at least as it appears on my chart. I like the bearisih candle from friday which finished below my SR at 135 but decided to wait and see whether it held on monday, which it did so I set an entry below the monday candle which is where I am at the moment with my stop still above the monday candle.

With all the problems facing the EUR I was only looking at shorting it. My first target is the 25 mar low, by which time if it reaches it I will have my stop at BE. and will be ready to add to my position depending on the PA around there. The longer term target is 130. Let us see if it works, I do see a lot of traffic on the boss down to 130.

Larry
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddaily.jpg Size: 131 KB
  • #11,297
  • Apr 7, 2010 5:50am Apr 7, 2010 5:50am
Hi,

It is my first chart on the thread, I haven't fiished all the post but on my way. As per my understanding the pair is heading towards re-testing of 1.3265 which was the low on 21/3/2010 and then to 1.3200 medium support due to 23.60 fib level from its all time high. Prices are well below BOSS 20/50 and on daily as well.

Below 1.3200 will depend on the price action.

Need someone's opinion if I have analyzed it correctly.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 17 KB
  • #11,298
  • Apr 7, 2010 9:14am Apr 7, 2010 9:14am
Quoting No1Optimist
When I originally made this post (post#11014, page 736) entitled "ADVICE WANTED" I received a few replies which to put it mildly, were scornful of my query.

It was only a query, MY query
Hello No1Optimist,
well as my subject says this is Strat's thread and not a Dr Joe thread even though Strat and others have refered to him on a number of times.

Only you have the answer to your question / query.
I'm intrested to se others replies to your query as it is a good post.
  • #11,299
  • Apr 7, 2010 9:21am Apr 7, 2010 9:21am
[quote=golfer27;3613941]
Quoting james_t
yawn...z...
Sorry to hear of your health problems but glad you are on the mend!

Thanks for your view on this character - I thought it was only me!

Now remember, health BEFORE wealth!
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,300
  • Apr 7, 2010 9:26am Apr 7, 2010 9:26am
Quoting forexample
This is my first analysis on the thread, thanks in advance for any and all constructive criticism. I have been demoing off the old 20 second glance and trying to improve that without getting to wordy, it takes me a lot less time to think these things out than it does to write them but here we go.


Edit: Charts were oversized so I went to redo but now they automatically resized.... Not sure whats going on but if it blows the thread up for others I will try to make them small but clear.


EURUSD Monthly:

Technically in a pullback on an uptrend and...
Apart from needing to re-draw your TL on the Worker, you did good.
15 YEARS OF PASR ON FOREX FACTORY!
17 traders viewing now