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Strat's PASR Long Term, Stress Free Trading 14,335 replies

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Strat's Long Term Stress Free Trading

Quoting erikte279
The standard method purported I would agree, if you stick around long enough you'll come to the realization that certain chart situations/ formations are repetative and Obvious to capitilize on.

Being that I't wasnt "standard" PASR I merely brought it to the attention of the readers who's training wheels have come off.

I believe STRAT is a major espouser (funny word ) of forward thinking.

Regarding the readers, if you feel you've given more then you've taken then thats your decision. I'll be here a year from now .

Respectfully,
Erik...
Seriously, are you kidding me? Do you have any clue with whom you are corresponding with that dribble?

That mantra that you post all too often is nice, but don't you think you've posted it enough? Put it on your wall. Posting it will not make it happen.

I don't mean to single you out, but I've been increasingly frustrated with the unprepared, stab-in-the-dark posts of late from lurkers who fail to read the thread. Your trade belongs on the James16 thread. Nothing wrong with that one, but it's not this one. It's a candle-sensitive, short term burst method. OK, but somewhat unpredictable for the true readers here who have paid their way and wish to capture the longer term methods from those of us who have been at this....well...since you were in ....three corner shorts.

There is a lot of opportunity out there. Continentals, JPY especially. Eyes on the longer term prize, boys!
Will she give me second chance with good PA on my feed? Will see.
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  •  strat
  • Joined Feb 2009 | Status: 12 YEAR PASR THREAD Senior Member | 11,023 Posts |
Quoting Alexandra
Respectfully, that is not the method espoused in this thread. It can be profitable, but it violates a couple of the major principles, as you do appropriately acknowledge now, Any profitable trade is good (congratulations to you there), but, in this instance, there are and were more profitable trades on the board with longer term support for true position traders. I tried to point it out at the time. Lest anyone be mislead, this is not a pure S/R thread. At this point that trade is at a level where it may need to be exited, otherwise risking loss...
I am reluctant to post in an environment dominated by fly-by-night traders whom we will not see this time next year.

Hence my absence!
12 YEARS OF PASR ON FOREX FACTORY!
C'mon...is someone going to point out the alignment of the JPY pairs....C'mon...someone......anyone.....

Is the Aussie re-testing it's TL?

What do we make of the open window on Chunnel in light of the TL support?

No, we'd rather trade ZARCAD.
Was it political or was it technical?
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Someone who dosent understand a 4 month broken resistance failed worker restest (why do i reply?), but here goes .

The Mantra is posted regularly as a constant REMINDER to those who trade that Discipline is a Daily event and if you think otherwise then SIMPLY ignore it. In comparison to the posts from others that you so voicefully complain about, you should be thanking me.

Short term candlestick burst...hmmm

I'm guessing your crystal ball is better then mine.


Quoting Alexandra
Seriously, are you kidding me? Do you have any clue with whom you are corresponding with that dribble?

That mantra that you post all too often is nice, but don't you think you've posted it enough? Put it on your wall. Posting it will not make it happen.

I don't mean to single you out, but I've been increasingly frustrated with the unprepared, stab-in-the-dark posts of late from lurkers who fail to read the thread. Your trade belongs on the James16 thread. Nothing wrong with that one, but it's not this one. It's a candle-sensitive, short term...
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Annoying Precision
Quoting erikte279
Someone who dosent understand a 4 month broken resistance failed worker restest (why do i reply?), but here goes .

The Mantra is posted regularly as a constant REMINDER to those who trade that Discipline is a Daily event and if you think otherwise then SIMPLY ignore it. In comparison to the posts from others that you so voicefully complain about, you should be thanking me.

Short term candlestick burst...hmmm

I'm guessing your crystal ball is better then mine.
Thank you for finally posting the monthly chart. A moment ago you stated that the weekly and monthly were not in agreement. Now we are getting somewhere.
This is correct, when I first posted the initial chart they werent as well.

Quoting Alexandra
Thank you for finally posting the monthly chart. A moment ago you stated that the weekly and monthly were not in agreement. Now we are getting somewhere.
Annoying Precision
EUR/USD, GBP/CHF, and EURJPY. With all due respect to the seniors in the thread, what is the logic of trading counter trend? I must have missed something. Thank you,
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T
Quoting tmanbone
EUR/USD, GBP/CHF, and EURJPY. With all due respect to the seniors in the thread, what is the logic of trading counter trend? I must have missed something. Thank you,
There are several trends that can be defined within each pair, depending on one's outlook. One must look at the trendline, the candles, and the S/R across all timeframes to define to most likely direction signaled by the daily chart. There can be some subjectivity in this approach, but odds of a bad trade are low if one follows appropriately and defines an exit point. My viewpoint tends to be a bit more aggressive than some, as I do tend to look at fundamental issues to aid my chart interpretation. Strat tends to reduce things to a more streamlined, technical approach. Draw your E/J chart from August of 2000. Which way is the trend, now?

One problem with the thread at the moment is this dogmatic insistance that there is a magic unidirectional trade on each pair to be seen by the experrt as well as the idiot. There is no free lunch here. It's a question of risk tolerance, discipline, and a solid understanding of price.

I applaud your willingness to post and your terrific attitude, but again, the rationale for my E/J and E/U stance has been noted here many times. The patterns were there ahead of the new announcements. Several of us commented. The pips were there for the picking.
Quoting Alexandra
There are several trends that can be defined within each pair, depending on one's outlook. One must look at the trendline, the candles, and the S/R across all timeframes to define to most likely direction signaled by the daily chart. There can be some subjectivity in this approach, but odds of a bad trade are low if one follows appropriately and defines an exit point. My viewpoint tends to be a bit more aggressive than some, as I do tend to look at fundamental issues to aid my chart interpretation. Strat tends to reduce things to a more streamlined,...
So referring to the GBP/CHF trade, I'm curious what you didn't like about it. Was it R/R? Thanks for your input. Your E/U trade, nice one, picked some pips there also, stayed away from E/J. I applaud you too Alexandra, your mind is as sharp as they come. I'm learning. Thanks,
T
Quoting tmanbone
So referring to the GBP/CHF trade, I'm curious what you didn't like about it. Was it R/R? Thanks for your input. I'm learning. Thanks,

I didn't like the weekly chart. It's not a horrible trade, but in reviewing all the charts the day of that gentleman's post, E/USD and, especially, Cable, stood out to me as higher R/R, based on the supportive longer term charts. (It's not rocket scisnce, but it does mandate experience and time). I believe I posted something about Cable right below his post on Friday, as I have mentioned it several times on the thread sinnce the initial bullish PA. Besides, why trade GBPCHF? What does that offer other than a wider spread?

To put it more practically, look at tonight's charts. E/USD and E/J have rnoved about 50 pips apiece off of the daily PA. The GBP/CHF trade has backed up 10-12 pips off the support line.
Quoting Alexandra
I didn't like the weekly chart. It's not a horrible trade, but in reviewing all the charts the day of that gentleman's post, E/USD and, especially, Cable, stood out to me as higher R/R, based on the supportive longer term charts. (It's not rocket scisnce, but it does mandate experience and time). I believe I posted something about Cable right below his post on Friday. Besides, why trade GBPCHF? What does that offer other than a wider spread?
I thought the GBP/CHF had a textbook SS close, although not at the trendline, but off of the BOSS 20. It's got a 6 pip spead as I type. Keep in mind I a green horn open to all ideas and teachings. I certainly appreciate yours. Thanks again,
T
Quoting tmanbone
I thought the GBP/CHF had a textbook SS close, although not at resistance. It's got a 6 pip spead as I type. Keep in mind I a green horn open to all ideas and teachings. I certainly appreciate yours. Thanks again,
On a daily basis perhaps. Again, it's not that is was a lemon of a trade. It produced some profit. But is it the ripple or is it the wave? That's where you will find, the real money is made. My viewpoint is probably one of the longer term of all traders who, at least, post on this thread

Ask yourself this: Which trade would you rather be holding, right now? Could you have predicted that based on your read, last week, of all three timeframes? Or, rather, were you mesmerized by the daily formation only?
Quoting Alexandra
On a daily basis perhaps. Again, it's not that is was a lemon of a trade. It produced some profit. But is it the ripple or is it the wave? That's where you will find, the real money is made. My viewpoint is probably one of the longer term of all traders who, at least, post on this thread

Ask yourself this: Which tade would you rather be holding, right now? Could yoou have predicted that based on your read, last week, of all three timeframes?
I follow you closely, and I'm open to all that you teach. The GBP/CHF is supported by the worker 20 at the moment, the E/U is looking like it could trade to 1.377 without much resistance, and the E/J looks like it could go to 1.2775 before it wobbles. I would love to learn the way you think about trading longer term. I'm all eyes and they are largely focused on you. Thank you Alexandra. Please keep teaching.
T
Quoting tmanbone
I follow you closely, and I'm open to all that you teach. The GBP/CHF is supported by the worker 20 at the moment, the E/U is looking like it could trade to 1.377 without much resistance, and the E/J looks like it could go to 1.2775 before it wobbles. I would love to learn the way you think about trading longer term. I'm all eyes and they are largely focused on you. Thank you Alexandra. Please keep teaching.

Good enough Rousseau. Line up your USDCHF and EURUSD charts and see if you see anything. I'm taking a break.
The WAVE is Bearish (raarrrr) , the ripple is bullish.

Quoting Alexandra
On a daily basis perhaps. Again, it's not that is was a lemon of a trade. It produced some profit. But is it the ripple or is it the wave? That's where you will find, the real money is made. My viewpoint is probably one of the longer term of all traders who, at least, post on this thread

Ask yourself this: Which trade would you rather be holding, right now? Could you have predicted that based on your read, last week, of all three timeframes? Or, rather, were you mesmerized by the daily formation only?
Annoying Precision
Quoting Alexandra
Was it political or was it technical?
Hi Alexandrahttp://cdn.forexfactory.com/images/icons/icon7.gif

No idea here if the fundamentals has changed, but in terms of PA, this set up on Big Boss looks like a barbed wire, sort of stop run which we usually see on a worker.
On the Boss chart the price is in a triangle and trying to go somwhere, at this point it is still uptrend and I will consider PA in that direction when it breaks the line up and retest.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
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This is a follow up to a previous post of USDCHF.

The wedge has been broken to the down side, which means this could be headed down further. We have to wait until the weekly close to see if this holds.

There is no PASR on the worker right now that would make me want to jump in, but the boss has now shown a clear direction. (If it closes below the wedge)

On a side note, the USDJPY is is also showing a southern doji that is being held by the 20.


Alexandre please don't stop posting I find your insight very useful and thought provoking.
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They don't call it Turnaround Tuesday for nothing.
Here is the dollar index, daily chart. It has fallen out of an ascending channel it has been in since last December indicating that further dollar weakness is underway. So we could be looking for some longer term opportunities ...
If you look across the major pairs you might see some Strat has mentioned before there are some that give us early warning signs ... USDCAD is breaking down from a two week bear flag, AUDUSD has pulled back to the trendline it broke out from and ..., EURUSD tried for two days and could not close that gap, a very bullish sign, look at the support level being broken tonight in USDCHF. EURJPY / CHFJPY is a pretty chart ...
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