Strat's Long Term Stress Free Trading | Page 612 | 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

  • #12,221
  • May 14, 2010 9:07am May 14, 2010 9:07am
Quoting Jideck
Hi Strathttp://cdn.forexfactory.com/images/icons/icon7.gif

I have to admit that I have not waited until today, I have entered after the big BEOB 2 days ago.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
I wasn't referring to the past but to where we are now.
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,222
  • May 14, 2010 9:17am May 14, 2010 9:17am
Quoting mstandifer
After much research on the topic, I've finally decided to post this for those of you that still have the internal struggle of "your chart doesn't look like mine"

This will put it to rest once and for all...I promise.

1. A bar is a bar no matter the broker. It's simply a measurement of price over a certain period of time.

2. It doesn't matter if your bar doesn't look like my bar because we are trading 'types' of bars. These 'types' of bars exist on all charts regardless of the broker and regardless of whether or not yours coincides with mine....
Just for clarification, my new candle PRINTS at midnight EST (NY) time.

We are using the NY close, not the candle close, as the basis of our analysis being fully aware that Asian trading is already well under way.

There will come a time, as previously mentioned, when Asian trading has more of an impact, and we will have to address that when it happens.

Everyone MUST know when their CANDLE closes and NEW CANDLE prints.

If in doubt, ask your broker.
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,223
  • May 14, 2010 12:17pm May 14, 2010 12:17pm
Are we headed for another test of the TL in USDJPY? One can make a case for it. The MA 20 held things up once before; perhaps that fleeting knee jerk touch last week was not enough?
  • #12,224
  • May 14, 2010 1:26pm May 14, 2010 1:26pm
Quoting Alexandra
Are we headed for another test of the TL in USDJPY? One can make a case for it. The MA 20 held things up once before; perhaps that fleeting knee jerk touch last week was not enough?
Looks like it is going to touch the TL but overall trend is looking up.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyd14052010.gif Size: 17 KB
  • #12,225
  • May 14, 2010 4:45pm May 14, 2010 4:45pm
Quoting simpleman
Looks like it is going to touch the TL but overall trend is looking up.
I must be thick because all I see is IBs on Worker and Boss and I am not guessing on these!

Maybe you should ask Alexandra to show you her magic TL
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,226
  • May 14, 2010 4:51pm May 14, 2010 4:51pm
Quoting Blackeagle
Worker and Boss turned up, IMO, but Big Boss is still down. If we see a close above 95, then 95-102 zone would present us good trading opportunities. After 102, Big Boss will agree, too.
Hi Blackeagle,

Welcome back posting. Good to see your posts, I know know your posts too Strat.
  • #12,227
  • May 14, 2010 5:27pm May 14, 2010 5:27pm
Hi All,

PASR works, well more often than not. What we are learning here is no matter what market conditions, there are always PASR. Combine SR, Fibo, 20&50 and PA making this a pretty good ATM trade. With Strat's previous posts about signal provider and his trades should have given enough hints for us to start working on our own systems involve in PASR.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-05-14-10.gif Size: 17 KB
  • #12,228
  • May 15, 2010 4:29am May 15, 2010 4:29am
Quoting Alexandra
Are we headed for another test of the TL in USDJPY? One can make a case for it. The MA 20 held things up once before; perhaps that fleeting knee jerk touch last week was not enough?
I think you are talking about TL that will take the pair to 89ish. Isn't it?
  • #12,229
  • May 15, 2010 4:48am May 15, 2010 4:48am
As the week has closed with Very bearish on EURUSD pair and very bullish on USDCHF pair on worker, BOSS & BIG BOSS. I don't know how to get into one of these. If I am expecting USDCHF to go to next resistance which is about 400 pips away then that means EURUSD will go down by about 500 pips if correlation plays out the way it has played out in the past.

May be getting into EURUSD is the best option here but the pair gets lot of interest and can go up very quickly.

My question is how do I enter any of these trades? I have one trade open which is EURAUD and is in plus so if any of these are better opportunity then I will close EURAUD and get into the new one.

Your help will be highly appreciated.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf14052010w.gif Size: 16 KB
Click to Enlarge Name: eurusd14052010w.gif Size: 16 KB
  • #12,230
  • Edited 8:44am May 15, 2010 6:04am | Edited 8:44am
Whata coupla weeks!!

Now looking at all these bars in and out, around and and up, do the hoky coky, that's what's all about.

BEOB is ok, but two in a row???

In this weekly chart eur gbp, price has closed below the 100, broken trendline,yet still on top of my s/r, producing two outside bars thanks to the Monday gap.

So,is this tradeable in any way?

In a daily BEOB one would put and order 20+ pips under the low. Maybe here 50? Or wait for a close and PA in the daily?

I'm well aware that the monthly trend calls up yet. Also see that the 50 ma is asking for a kiss... some small supports in the way down..

Daily has also posted a BEOB, straight into support.

Euro/ usd is in a similar support area.

Maybe wait for a break (if) South and a retest of S/R.

Any ideas?

If cable keeps on going this way I can see Strat smoking big cheap cigars in London
Attached Image (click to enlarge)
Click to Enlarge Name: Eur gbp2010-05-15_11-44.jpg Size: 104 KB
Spinner 'Tis in the Waiting.....
  • #12,231
  • May 15, 2010 6:15am May 15, 2010 6:15am
Quoting simpleman
As the week has closed with Very bearish on EURUSD pair and very bullish on USDCHF pair on worker, BOSS & BIG BOSS. I don't know how to get into one of these. If I am expecting USDCHF to go to next resistance which is about 400 pips away then that means EURUSD will go down by about 500 pips if correlation plays out the way it has played out in the past.

May be getting into EURUSD is the best option here but the pair gets lot of interest and can go up very quickly.

My question is how do I enter any of these trades? I have one trade open which...



1. I don't know how to get into one of these. Then don't - there will be another opportunity (and another, and another.....). Just use the unfolding PA as a learning exercise and wait until you see the next opportunity (using PASR with entry off the worker After consulting the Bosses)

2. May be getting into EURUSD is the best option here but the pair gets lot of interest and can go up very quickly.
Blackeagle posted (#12213) about a day before the weekly close showing price at around 1.25xx SR. Price sliced through that SR on Friday.
I have learnt the hard way that being late (or early) is the same as being wrong. If it's gone, it's gone - wait for the next opportunity you see (using PASR with entry off the worker After consulting the Bosses).

3. I have one trade open which is EURAUD and is in plus so if any of these are better opportunity then I will close EURAUD and get into the new one.

If you have a position open then you must have had a plan. That is, "you planned the trade". Now you have to "trade the plan". Just remind yourself what that plan was and follow it.
  • #12,232
  • May 15, 2010 6:41am May 15, 2010 6:41am
Quoting trogger
1. I don't know how to get into one of these.
If you have a position open then you must have had a plan. That is, "you planned the trade". Now you have to "trade the plan". Just remind yourself what that plan was and follow it.
Thanks for you opinion and I appreciate your time, I have a plan for the current position but then i have a larger plan which is if current trade is in positive and I can see there is better opportunity somewhere else then I should switch to that opportunity, but again HOW will I know the current position i am in is not better then the one I am looking to get into. I don't see on my charts any support at the moment and therefore it reminds me Dr Joe's saying "Buy when it goes up and sell when it goes down".
  • #12,233
  • May 15, 2010 6:46am May 15, 2010 6:46am
Which one will you go for. I will go for both if I have bigger account. Worker, Boss & Big Boss are all in alignment just need PA.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpnzd14052010w.gif Size: 10 KB
Click to Enlarge Name: eurnzd14052010w.gif Size: 14 KB
  • #12,234
  • May 15, 2010 8:02am May 15, 2010 8:02am
Quoting simpleman
As the week has closed with Very bearish on EURUSD pair and very bullish on USDCHF pair on worker, BOSS & BIG BOSS. I don't know how to get into one of these. If I am expecting USDCHF to go to next resistance which is about 400 pips away then that means EURUSD will go down by about 500 pips if correlation plays out the way it has played out in the past.

May be getting into EURUSD is the best option here but the pair gets lot of interest and can go up very quickly.

My question is how do I enter any of these trades? I have one trade open which...

EURUSD is currently in an area of considerable interest for a rebound, but long positions require PASR
  • #12,235
  • May 15, 2010 9:03am May 15, 2010 9:03am
Quoting Spinner
Whata coupla weeks!!

Now looking at all these bars in and out, around and and up, do the hoky coky, that's what's...
Hey Spinner, howya doing ?

Just thought I would put up the monthy. Looking back I saw two opposite results for the last times when price was at this same level. So I was wondering is price going to act like it was 1996 or 2009 ? Then I stopped and thought about my wondering. Why should I care about that!? Price will show the way. Once it does, I will know what to do.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpmonthly.gif Size: 18 KB
  • #12,236
  • May 15, 2010 9:04am May 15, 2010 9:04am
Quoting simpleman
As the week has closed with Very bearish on

My question is how do I enter any of these trades? I have one trade open which is EURAUD and is in plus so if any of these are better opportunity then I will close EURAUD and get into the new one.

Your help will be highly appreciated.
I agree with Trogger here.

It seems you're jumping steps and maybe need to find in the Path (as I'm assuming you are reading it), where it deals with situations like this. It's there over and over.
Spinner 'Tis in the Waiting.....
  • #12,237
  • May 15, 2010 9:59am May 15, 2010 9:59am
Quoting simpleman
As the week has closed with Very bearish on EURUSD pair and very bullish on USDCHF pair on worker, BOSS & BIG BOSS. I don't know how to get into one of these. If I am expecting USDCHF to go to next resistance which is about 400 pips away then that means EURUSD will go down by about 500 pips if correlation plays out the way it has played out in the past.

May be getting into EURUSD is the best option here but the pair gets lot of interest and can go up very quickly.

My question is how do I enter any of these trades? I have one trade open which...
If you want stress free trading, your decision is already made. You are already in one EUR pair. If you add EURUSD you will have double jeopardy. If the EUR goes against you, both trades will be blown.

At this level, only stick with one of each pair.
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,238
  • May 15, 2010 10:28am May 15, 2010 10:28am
Quoting patrick25
Hi All,

PASR works, well more often than not. What we are learning here is no matter what market conditions, there are always PASR. Combine SR, Fibo, 20&50 and PA making this a pretty good ATM trade. With Strat's previous posts about signal provider and his trades should have given enough hints for us to start working on our own systems involve in PASR.
Nice observation Patrick, you seem to be reading and understanding. Cheers,
T
  • #12,239
  • May 15, 2010 4:05pm May 15, 2010 4:05pm
Good evening! Monthly beob(under 20).Weekly down after last week(beob)closed under 20+50.Daily in sideways market(black zone) broke it and retest it with SS.Personally,I think that is a threadly opportunity to short this pair.Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: img.gif Size: 25 KB
My humble opinion.
  • #12,240
  • May 15, 2010 8:18pm May 15, 2010 8:18pm
Quoting simpleman
Looks like it is going to touch the TL but overall trend is looking up.
Hi Simpleman,

I'm glad to see your progressing a lot since the last time I posted. I have been busy with other stuff lately the regular thread snippets has been a valuable tool for me as I was able to read daily updates. Hopefully this time around I can be more active.

Keep it up man!

elPips
36 traders viewing now