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Strat's Long Term Stress Free Trading

  • #11,401
  • Apr 9, 2010 7:50am Apr 9, 2010 7:50am
This weekend is movie time for me.. Shutter Island and A Beautiful Mind, just as Strat instructed. I am a real fan of "mind over matter" materials and I think I will really enjoy these two.

CT

P.S. If anyone has seen them please don't post anything on them until Monday.. Please..

Quoting soso
Have a nice weekend everyone! Go away from the charts and recharge your batteries.
  • #11,402
  • Edited 9:39am Apr 9, 2010 8:10am | Edited 9:39am
Quoting mstandifer
By resting, do you mean watching for the next weekly HL?
Right on target

Unless it's a head fake!
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 24 KB
  • #11,403
  • Apr 9, 2010 10:38am Apr 9, 2010 10:38am
Quoting CostinTira
Hello Strat & Team ,

Since...
Welcome and thanks for your story.

I even took two or three hundred trades in the simulator on Daily TF. And guess what.. I am net winner in the Sim. I think it's because it is a lot easier to wait for good trades when it only takes a couple of minutes..

Not even close - let's see what you can do trading LIVE with REAL MONEY on the line - then you will "know" the reason.
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,404
  • Apr 9, 2010 10:41am Apr 9, 2010 10:41am
Quoting pipfx
I saw that to while studying my charts.

It broke the TL and support with a BUOB on 4/6/2010. It then retested the TL 4/8/10 with a hammer shaped bar.

One thing I have difficulty with is distinguishing between Mr. Bond and the real thing. As we broke 4/7 lows and the high of 4/8/10 has already been broken yesterday was in fact a Swing Low.

We also broke out of a wedge continuation patter which may indicate this could really move upward.

These are all just observations. I personally want to see the root of the most recent TL being broken before...
Where do we look for Hammers?
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,405
  • Apr 9, 2010 10:51am Apr 9, 2010 10:51am
Quoting Raje$h
My first Strat trade post.

I still have a problem defining monthly and weekly trends. For this trade, I am calling the monthly trend "up" as February candle is the last confirmed low. Similarly, I am calling the weekly trend "up" due to the weekly candle of 22-26 March being confirmed as swing low.

Pair: EURJPY
Trade: live, micro (10 cents/pip)
PASR: hammer bouncing off 50, closing above 20

Entry: long above the hammer high
S/L: below the hammer
Target: resistance at 127.8

Problems: does BEOB on weekly chart cancel out the "uptrend"? April...
I still have a problem defining monthly and weekly trends.

And yet you are trading?

Would you jump out of an airplane if you had a problem understanding parachutes?

There is NO RUSH to trade - LEARN, UNDERSTAND and then PRACTICE, PRACTICE, PRACTICE on THOUSANDS of charts.
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,406
  • Apr 9, 2010 11:09am Apr 9, 2010 11:09am
Quoting soso
Out of all JPY pairs this one looks best to me.
Soso good, Soso but I have a friend who needs to know what "RN" means.

Please advise so that I can tell him. Mult’umesc
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,407
  • Apr 9, 2010 11:17am Apr 9, 2010 11:17am
Quoting strat
Where do we look for Hammers?
Hammers occur at the end of a down trend, ideally at a swing low. I guess my question is how long does the trend have to be before being considered a valid hammer.
  • #11,408
  • Apr 9, 2010 11:18am Apr 9, 2010 11:18am
Quoting hcristea
Hello Strat & all,

i've noticed the JPY pairs aligning last night (after NY close) and I watched these three pairs in particular: USDJPY, GBPJPY, EURJPY. So if i had to place my bet for a LONG I would choose GBPJPY.

Looking at the charts of EURGBP, EURUSD, GBPUSD, I see that GBP is stronger than Euro short term (last 4 weeks), GBP stoped going down vs USD and also EURUSD stopped going down.

Looking at the upper TFs of EURJPY, USDJPY, GBPJPY, I see Big Boss and Boss...
I would choose GBPJPY

As you can see, you traded STRAIGHT INTO RESISTANCE.

So, you know where to go?

What would be your JPY pair of choice considering if you had to short JPY?

All of them! It is a special kind of trade for me - No, Patrick, you were not wrong.
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,409
  • Apr 9, 2010 11:24am Apr 9, 2010 11:24am
Quoting CostinTira
Thanks for the nice welcome. Maybe we can make an offline fan-club or something .

We could gather together and light fires and bring offerings to Strat and the other Cert Trainers..
Like maybe virgins or something .

CT
Like maybe virgins

Are there any left?
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,410
  • Apr 9, 2010 11:29am Apr 9, 2010 11:29am
Quoting Arfer Daily
Sorry to seem wise after the event but I liked the look of chfjpy at the close last night.

If you look at usdchf that was at trendline resistance last night but not a clear enough pattern to trade and most jpy pairs are showing reversal signals, just not at s/r to support a trade. Put it together and it gave me a bit of confidence in chfjpy.

Great thread Strat, thanks.
PASR is ALL the confidence you need.

Glad your handle isn't Arfer Cough!
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,411
  • Apr 9, 2010 11:31am Apr 9, 2010 11:31am
Quoting Alexandra
Thank goodness someone is listening
#11083
I ALWAYS listen to you m'dear!
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,412
  • Apr 9, 2010 11:43am Apr 9, 2010 11:43am
Quoting Alexandra
Speaking of trendlines....
I think you have been peeping at my posts (Post#11283) for inspiration!
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,413
  • Apr 9, 2010 11:49am Apr 9, 2010 11:49am
Quoting soso
I belive this one looks better than its cousin EURGBP, from the point of view of the trend.
Now is testing RN 1.65 + Trendline + Weekly 20 EMA.

Have a nice weekend everyone! Go away from the charts and recharge your batteries.
Don't forget the down TL and the Italian Ice Cream Man!

There is so much going on here I am having to look around for some more wellies!
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,414
  • Apr 9, 2010 11:53am Apr 9, 2010 11:53am
Quoting CostinTira
This weekend is movie time for me.. Shutter Island and A Beautiful Mind, just as Strat instructed. I am a real fan of "mind over matter" materials and I think I will really enjoy these two.

CT

P.S. If anyone has seen them please don't post anything on them until Monday.. Please..
This weekend is movie time for me.. Shutter Island and A Beautiful Mind, just as Strat instructed.

Add "Debbie does Dallas" for late night viewing and maybe find one of those Procul Harem girls!
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,415
  • Apr 9, 2010 11:57am Apr 9, 2010 11:57am
Quoting pipfx
Hammers occur at the end of a down trend, ideally at a swing low. I guess my question is how long does the trend have to be before being considered a valid hammer.
So why talk about a Hammer at an extreme high?
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,416
  • Apr 9, 2010 12:21pm Apr 9, 2010 12:21pm
I have a question please? Must I have at least 50 post before Iam able to send a PM?
  • #11,417
  • Apr 9, 2010 12:53pm Apr 9, 2010 12:53pm
Hi Strat.
I`ve just started reading `The Path of Learning`, and this is by far the best material I`ve laid my eyes on. I`m not new to forex,but after reading your 1st post,I feel like a newbie now! I will be contributing to this thread, when I have something useful to say, but for now just trying to absorb and understand the thought process of a `Real Trader`.
Looking forward to this journey!
  • #11,418
  • Apr 9, 2010 1:51pm Apr 9, 2010 1:51pm
Quoting kratun
I have a question please? Must I have at least 50 post before Iam able to send a PM?
You may have got the wrong thread!

Strat, Arthur Daley is a well loved ne'er do well from 80's British Television, probably didn't make it over the pond.

Confidence and understanding come with practise and I'm getting better all the time with the help of yourself, Jacko and a few others.
Position trader - Anything intraweek is just noise...
  • #11,419
  • Apr 9, 2010 1:58pm Apr 9, 2010 1:58pm
Quoting Arfer Daily
You may have got the wrong thread!

Strat, Arthur Daley is a well loved ne'er do well from 80's British Television, probably didn't make it over the pond.

Confidence and understanding come with practise and I'm getting better all the time with the help of yourself, Jacko and a few others.
This ought to be funny...So from what I see you're very keen on Television.Well,there is distinct difference between trading and watching televison.Keep watching ...
  • #11,420
  • Apr 9, 2010 2:02pm Apr 9, 2010 2:02pm
Quoting kratun
This ought to be funny...So from what I see you're very keen on Television.Well,there is distinct difference between trading and watching televison.Keep watching ...
Kretin, I was replying to a previous comment rather than posting randomly. You see, you aren't as funny as you first thought.
Position trader - Anything intraweek is just noise...
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