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Strat's Long Term Stress Free Trading

  • #11,441
  • Apr 10, 2010 2:08pm Apr 10, 2010 2:08pm
Quoting soso
My deepest sympathy to all the polish people.
My condolences.
T
  • #11,442
  • Apr 10, 2010 2:32pm Apr 10, 2010 2:32pm
Wus..Weekly has closed with an BUOB, actually outside the previous three week candles, yet all inside the influence of those bearish, March and December monthlies.

Close is on the descending trendline.

Daily closed with another BUOB yet 100 and 50 pointing down yet, so...your guess is as good as mine. Maybe ranging ( .9400<>.9200) with spikes up'n down.

Is it going to have another go at .9900 or head for .7700?????

Aussie not quite rallying even with the perspective of future rate hikes.

Watch the next instalment of this fascinating saga next week at the same time!!

Spinner
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Spinner 'Tis in the Waiting.....
  • #11,443
  • Apr 10, 2010 5:34pm Apr 10, 2010 5:34pm
I propose a toast. Strat's thread has reached over the 1,000,000 view mark. I believe this happened last week. According to my calculations the thread is being viewed, recently, at just over 4000 times a day. Cheers to Strat and everyone's success. Thanks all for the education.

T
T
  • #11,444
  • Apr 10, 2010 7:57pm Apr 10, 2010 7:57pm
I believe I have processed all the recent membership registration requests. Because there were so many in a short period, I want to be sure I didn't miss anyone. If you requested to be registered on The Path of Learning but did not receive something from me stating you were now registered on the path, please PM me and I'll get you taken care of.

-m
  • #11,445
  • Apr 11, 2010 3:12am Apr 11, 2010 3:12am
Quoting soso
My deepest sympathy to all the polish people.
Hi Soso

Thanks for this. It will be quite interesting to find out what comes out of this, as Katyn was also a big problem for Russians to admit after all theses years.

Its sad for us to lose 2 presidents at the same time but life goes on.

Regards
Jideck
  • #11,446
  • Apr 11, 2010 6:51am Apr 11, 2010 6:51am
Quoting strat
And, if you want more confidence, add the TL across the 2nd and 3rd arrows and the close above it is another trigger
Think Strat is gonna roast me for this and the reason I don't post here very much(I'm more of a lurker) is that I don't really trade true Strat style.

Anyway here goes......

My problem with these trades is that they all seem to be getting in at the top of waves.

Now I think we can all see that the Big boss and Boss are going up so why don't we enter on pullbacks.

On the chart below there are a couple of good entry points that get us in at lower prices on a pullback.

As I said I'll probably get a roasting for this and I know it's not true Strat trading but please feel free to point out the error of my ways.

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  • #11,447
  • Apr 11, 2010 1:02pm Apr 11, 2010 1:02pm
Quoting mstandifer
I believe I have processed all the recent membership registration requests. Because there were so many in a short period, I want to be sure I didn't miss anyone. If you requested to be registered on The Path of Learning but did not receive something from me stating you were now registered on the path, please PM me and I'll get you taken care of.

-m
Hi mstandifer,

Could I please be registered on the above. I don't have any PM facility.

Thanks
  • #11,448
  • Apr 11, 2010 2:58pm Apr 11, 2010 2:58pm
Quoting stewrigh
Think Strat is gonna roast me for this and the reason I don't post here very much(I'm more of a lurker) is that I don't really trade true Strat style.

Anyway here goes......

My problem with these trades is that they all seem to be getting in at the top of waves.

Now I think we can all see that the Big boss and Boss are going up so why don't we enter on pullbacks.

On the chart below there are a couple of good entry points that get us in at lower prices on a pullback.

As I said I'll probably get a roasting for this and I know it's...
Maybe because you would be buying into a clear resistance area?

In fact it seems to be coming back to retest it now as support, we'll see

Spinner
Spinner 'Tis in the Waiting.....
  • #11,449
  • Apr 11, 2010 6:26pm Apr 11, 2010 6:26pm
Indeed, it may be time for Strat's primer on gaps.
  • #11,450
  • Edited 7:39pm Apr 11, 2010 6:38pm | Edited 7:39pm
#11395

Baniu continues to lead us. That would be three big figures, my friend. Now that is an example of how to use Strat's method to achieve an early move return, in contrast to the question a few posts ago. That trade was/is painlless.
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  • #11,451
  • Apr 11, 2010 7:47pm Apr 11, 2010 7:47pm
Quoting stewrigh

On the chart below there are a couple of good entry points that get us in at lower prices on a pullback.

As I said I'll probably get a roasting for this and I know it's not true Strat trading but please feel free to point out the error of my ways.

Attachment
Because the basic method does not allow for entry between support and resistance. All entries are at support or resistance.
  • #11,452
  • Apr 11, 2010 7:50pm Apr 11, 2010 7:50pm
To Strat and the Expert team, I would be grateful for an explanation of the causes and meaning of a gap as seen on today's EURUSD chart.

Does it have any relevance to PASR?

Thanks
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"Make everything as simple as possible, but not simpler" Albert Einstein
  • #11,453
  • Apr 11, 2010 7:52pm Apr 11, 2010 7:52pm
Quoting simpleman
Hi mstandifer,

Could I please be registered on the above. I don't have any PM facility.

Thanks
Sorry, simpleman. You must be a full member of forex factory before you can apply. Once you achieve member status you may request membership via PM.
  • #11,454
  • Edited 10:28pm Apr 11, 2010 8:22pm | Edited 10:28pm
Quoting No1Optimist
To Strat and the Expert team, I would be grateful for an explanation of the causes and meaning of a gap as seen on today's EURUSD chart.

Does it have any relevance to PASR?

Thanks
I know Strat may have a different explanation, but for those interest in candle sticks and Steve Nisson's take try Googling Falling and rising windows.

Basically gaps form a new support or resistance area.
  • #11,455
  • Apr 11, 2010 8:37pm Apr 11, 2010 8:37pm
Quoting No1Optimist
To Strat and the Expert team, I would be grateful for an explanation of the causes and meaning of a gap as seen on today's EURUSD chart.

Does it have any relevance to PASR?

Thanks
Just based on the recent news it might have to do with the European Union offering to underwrite Greece. Exactly how/why that caused a gap in the Eur currencies..
  • #11,456
  • Apr 11, 2010 8:51pm Apr 11, 2010 8:51pm
Take a look at where price stopped on this gap up tonight.
The 127.2 fib is an important fib level and also it has stopped at the level where the price broke the previous trendline support (pink dot). Often price comes back to retest a broken trendline and does not go all the way and test the trendline but just the level at which the trendline broke.
This one will be an interesting one to watch because technically this is a double bottom also.
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  • #11,457
  • Apr 11, 2010 9:06pm Apr 11, 2010 9:06pm
Hi Sean here from Down Under, Melbourne Australia, believe im a junior memeber, whatever that is. Dont really know how to approach this so heres my story. Have moved from standard stock trading which has been slightly profitable for me , now realise i have no real stratergy, need to learn more about money management, have run about 10 forex demo accounts into the ground, forex moves about a million times faster than the stock market, really would like some direction, saw the Strats Long term STRESS FREE trading, looks interesting, not sure who im even sending this to , ny help would be great. ps the plane crash with the Polish leader, government officials to me is a great tragedy but i just had a news alert from my demo platfom ,could a real event like this effect currencies
  • #11,458
  • Apr 11, 2010 10:38pm Apr 11, 2010 10:38pm
Quoting sean68
Hi Sean here from Down Under, Melbourne Australia, believe im a junior memeber, whatever that is. Dont really know how to approach this so heres my story. Have moved from standard stock trading which has been slightly profitable for me , now realise i have no real stratergy, need to learn more about money management, have run about 10 forex demo accounts into the ground, forex moves about a million times faster than the stock market, really would like some direction, saw the Strats Long term STRESS FREE trading, looks interesting, not sure who im...
Hi Seanhttp://cdn.forexfactory.com/images/icons/icon7.gif

Welcome to this thread, excellent choice! With regard to getting some direction you need to start from the first page of the Strat's Stress free trading and spend time to understand the posts. When you get to this post again you will know a lot.

It takes time to become a profitable forex trader, and majority of us on this thread are working on this very hard. You need to spend time on this and once you understand the principles you will know whether this is for you or not.

You will find many good teachers here so good luck.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #11,459
  • Apr 11, 2010 10:50pm Apr 11, 2010 10:50pm
Quoting elitejets
Take a look at where price stopped on this gap up tonight.
The 127.2 fib is an important fib level and also it has stopped at the level where the price broke the previous trendline support (pink dot). Often price comes back to retest a broken trendline and does not go all the way and test the trendline but just the level at which the trendline broke.
This one will be an interesting one to watch because technically this is a double bottom also.
Hi Nicolahttp://cdn.forexfactory.com/images/icons/icon7.gif

I have this one on the radar for a while now, this gap overnight was quite a big jump in price and upward movement. On my chart, the price is just above old demand DSRI, 50 and SR so there is quite big confluence happening here, and I am observing any retest of the lines here, however the price I am interested in is above 1.3820 for a long.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
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  • #11,460
  • Apr 11, 2010 11:13pm Apr 11, 2010 11:13pm
Quoting No1Optimist
To Strat and the Expert team, I would be grateful for an explanation of the causes and meaning of a gap as seen on today's EURUSD chart.

Does it have any relevance to PASR?

Thanks
Not sure what caused the gap, but I went short. Today tested the 50MA and will probably drop to Fridays close
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