Strat's Long Term Stress Free Trading | Page 613 | 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

  • #12,241
  • May 16, 2010 3:48am May 16, 2010 3:48am
i researched some where that the eur/usd and the usd/ chf are in opposite correlation about 93 % ?


so if eur/ usd is down then usd/chf is up

thats what ive been doing

held a position on sell for eur/usd and buy on usd/chf

made profit on both but got out thinking i shouldnt have but now thinking of going back on it

but will have to look at it again to see if its ok to do so
  • #12,242
  • May 16, 2010 4:07am May 16, 2010 4:07am
hi strat

ive been looking at the aud/usd and the nzd/usd


been looking at arbitage you know ie

Eur/aud x aud/usd = eur/usd price ?

well it lags by 5 pips or so can avoid a bit of spread

but pretty useless

however
found it a bit strange

well anyway ok im using an indicator now its different

im, using other currencies to give me indication of another

so with the aud/usd and nzd/usd as they seem to work together like twins i look at the strength of the usd/ jpy because they are kind of opposities.

so if i see strength in the usd, and see key resistances for the aud and nzd i might sell

Im just wondering do you every look at another currency pair to see how another pair might fair?

because they are kind of linked together

just trying to pick your brain again sorry
  • #12,243
  • May 16, 2010 9:31am May 16, 2010 9:31am
Quoting swano
i researched some where that the eur/usd and the usd/ chf are in opposite correlation about 93 % ?


so if eur/ usd is down then usd/chf is up

thats what ive been doing

held a position on sell for eur/usd and buy on usd/chf

made profit on both but got out thinking i shouldnt have but now thinking of going back on it

but will have to look at it again to see if its ok to do so
This is a PERFECT EXAMPLE of someone who does not READ the thread let alone UNDERSTAND the thread.

I sometimes wonder why I even bother at all!
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,244
  • May 16, 2010 11:55am May 16, 2010 11:55am
Quoting strat
This is a PERFECT EXAMPLE of someone who does not READ the thread let alone UNDERSTAND the thread.

I sometimes wonder why I even bother at all!
  • #12,245
  • May 16, 2010 2:18pm May 16, 2010 2:18pm
Quoting strat
This is a PERFECT EXAMPLE of someone who does not READ the thread let alone UNDERSTAND the thread.

I sometimes wonder why I even bother at all!
do apologise

i do think your strategy is brilliant

but every one finds there own path in life.

Have been using your strategy successfully so am very greatful

im not perfect but ill keep going over it until it sinks in fully
  • #12,246
  • Edited 3:07pm May 16, 2010 2:43pm | Edited 3:07pm
Quoting igmal
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.
Yeah, I'm also looking at this one after all this time. .8800 ish seems to be a good first goal (and .8500 ish?). My charts don't present me with that lovely shooting star...the stop loss of this range breakout should be ...9400, or will you use the end of the shooting star?

Will look at it a bit more.

Good luck
Spinner 'Tis in the Waiting.....
  • #12,247
  • May 16, 2010 4:10pm May 16, 2010 4:10pm
Hi Spinner! On my data I have an important SR level at 0.92(round number also),next SR (but less important) is 0.9250(as a "coincidence" is 20 also).My SL is right above that zone for 2 reasons:1-I trade daily and all I said above is according with my daily candle(SS).2-if I would have put the SL at 0.945 it would be a SL=300 pips=too much for me.Thanks.
My humble opinion.
  • #12,248
  • May 16, 2010 4:46pm May 16, 2010 4:46pm
Quoting igmal
Hi Spinner! On my data I have an important SR level at 0.92(round number also),next SR (but less important) is 0.9250(as a "coincidence" is 20 also).My SL is right above that zone for 2 reasons:1-I trade daily and all I said above is according with my daily candle(SS).2-if I would have put the SL at 0.945 it would be a SL=300 pips=too much for me.Thanks.
I think it is a little bit early to short at this time. 0.9250 is a major SR level on the Boss. Current candle is a good PA but it is not at an ideal SR. I would wait until price pulls back to 0.9250 level because one major SR, two 50% Fibo and three 20&50. Price may go straight down on Monday but I will pass this for now.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad-05-16-10.gif Size: 17 KB
  • #12,249
  • May 16, 2010 5:15pm May 16, 2010 5:15pm
Attached File(s)
File Type: doc Using Currency Correlations To Your Advantage.doc   114 KB | 1,080 downloads


Not sure this attachment will work but seems to be topical!
  • #12,250
  • May 16, 2010 5:36pm May 16, 2010 5:36pm
Quoting stgeorge
Attachment

Not sure this attachment will work but seems to be topical!
Ah yes, Kathy Lien, makes more money selling than trading!
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,251
  • May 16, 2010 7:14pm May 16, 2010 7:14pm
After testing bottom of the downward channel twice in April (at 1.5500), downward momentum increased substantially. April 27th bar was a perfect, textbook bar for the ones who trade daily tf with very good RR.

The team sent several posts re. 1.5700 and channel break for taking short position, I hope anyone followed.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Daily.jpg Size: 167 KB
  • #12,252
  • May 16, 2010 7:16pm May 16, 2010 7:16pm
All Worker, Boss and Big Boss charts look very bearish as it closed below 1.2500 on daily and weekly (there is a minor support around 1.2350 level). As long as we stay below 1.2500, our next target is 1.1800.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-Weekly.jpg Size: 199 KB
  • #12,253
  • May 16, 2010 7:18pm May 16, 2010 7:18pm
As you can see from Boss chart, after multiple tests of 143.00 major SR, the price is moving downward very orderly (by making LL-LH). Now 113.50 level is a very important major SR. Breaking of this level brings 103.00 level into attention.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY-Weekly.jpg Size: 162 KB
  • #12,254
  • May 16, 2010 9:07pm May 16, 2010 9:07pm
It appears that Strats upcoming holiday is getting cheaper by the hour!

Poncho
" I can read the left side of the chart, the right side's a Bitch!
  • #12,255
  • Edited 10:34am May 17, 2010 10:33am | Edited 10:34am
Quoting Jideck
I WILL succeed in trading, or die in the attempt!

Hi Mike http://cdn.forexfactory.com/images/icons/icon7.gif

You make me laugh! There is more to living than just trading and take note of this, check the post #11995 again.

But seriously, you are in the right place and you are on the road to become a successful trader. You will notice that people who contribute here want others to succeed and you will not be...
Hello Jideck, sorry for the delay - other things going on. I believe that many of the knowledgeable people on this thread have already helped me considerably, and although I realise there is a long way to go - I feel comfortable that given time and patience, I will prevail.
The post that you slected, while true in many cases, does not fully apply in mine. I am retired (from paid work), so learning to trade is now my full time job and as soon as I can find a Canadian based accounting firm with understanding of trading in relationship to Canadian law, will also be mine, and my Wife's business.

Thanks for the encouragement!

Mike
  • #12,256
  • May 17, 2010 11:59am May 17, 2010 11:59am
Quoting Blackeagle
As you can see from Boss chart, after multiple tests of 143.00 major SR, the price is moving downward very orderly (by making LL-LH). Now 113.50 level is a very important major SR. Breaking of this level brings 103.00 level into attention.
Indeed, I am eyeing that one as well.
  • #12,257
  • May 17, 2010 3:31pm May 17, 2010 3:31pm
Quoting CrudeCraig
Anyone have charts on this pair that go back before 1999? Or was this when it was introduced as a currency pair?
i have just seen your post, i dont have a chart but i have it written, which could give some idea. it is written as nzd/gbp. i think to convert it is 100 divided by rate. e.g. 100/48= 2.0833
do you trade this pair?
  • #12,258
  • May 17, 2010 3:42pm May 17, 2010 3:42pm
cant get it to attach, but you can download it from this page
http://www.rbnz.govt.nz/statistics/e.../b1/index.html
  • #12,259
  • May 17, 2010 3:42pm May 17, 2010 3:42pm
Quoting mawbvw@hotma
Hello Jideck, sorry for the delay - other things going on. I believe that many of the knowledgeable people on this thread have already helped me considerably, and although I realise there is a long way to go - I feel comfortable that given time and patience, I will prevail.
The post that you slected, while true in many cases, does not fully apply in mine. I am retired (from paid work), so learning to trade is now my full time job and as soon as I can find a Canadian based accounting firm with understanding of trading in relationship to Canadian...
Hi Mikehttp://cdn.forexfactory.com/images/icons/icon7.gif

Its good to hear from you and I applaud you for choosing trading as full time job, given time and patience, I will prevail. Well said, this is not an easy job so the support you get here is very valuable.

Keep on posting.
Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #12,260
  • May 17, 2010 7:32pm May 17, 2010 7:32pm
Hi All,

I started reading this great thread a couple of weeks ago and am luvin it. I remembered seeing a link to a members area on one of the first few post, but now that I've gone back looking for it......poof, it's gone. Can someone point me in the right direction?

Thanks,

Cliff
56 traders viewing now