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Strat's Long Term Stress Free Trading

  • #12,481
  • May 27, 2010 3:30pm May 27, 2010 3:30pm
The floggings will continue until morale (trading) improves.
  • #12,482
  • May 27, 2010 3:42pm May 27, 2010 3:42pm
Quoting strat
I have felt the sting of your lash several times

It's the only way I know to beat you guys into shape! As you learn the method, rules and "toe" the line, the lashings eventually get less.

Thanks for the encouragement but it will take a far uglier dickhead than this to put me off!
I would say the Aud trade was tipped off by the chart. I am still studying the thread when I can job permitting. Lets see 4 Major rejections from a repeating resistance level Horizontal Range for 6 months forming a H&S top. Price does retrace and the bounce and was playing between the magnetic S&R lines after the 1000 plus drop. Clue for a possible retrace on the worker was the closes on the last few days. They were above not only the extreme low but the lowest closing price on the last leg down of the big run down. I have looked back over past moves across different pairs trying to under stand how price reacts to moves. Slow trend smaller retraces. One thousand pip moves or more. Larger retraces. I would find it safe to say Strat's inside information was his chart and understanding the nature of what he is trading. PM author----- Dude don't rip the teacher.
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  • #12,483
  • May 27, 2010 3:48pm May 27, 2010 3:48pm
Quoting LarryK
Isn't it just beautiful how all the prices are clawing there way back towards their 20ma, all those that is that were too far away. Now all we need is some confluence with SR and maybe a fib and/or or nice long term TL and we will be back in business.

I am now waiting for the month to end, very happy with my 2.5% profit this month thanks to the teaching on this thread, and looking forward to the first A class trade next month if there is one. I never thought I would be able to be this patient and particular choosing my next trade, no stress, luvverly....
Hi Larryhttp://cdn.forexfactory.com/images/icons/icon7.gif

Are you still in the trade you entered by making a "mistake"?

Hamba Kahlehttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #12,484
  • May 27, 2010 3:54pm May 27, 2010 3:54pm
[quote=strat;3759544]probably a BIG LAUGH which is what we all need anyway!

Hi Strathttp://cdn.forexfactory.com/images/icons/icon10.gifhttp://cdn.forexfactory.com/images/icons/icon10.gifhttp://cdn.forexfactory.com/images/icons/icon10.gif

Just as you have said in the beginning, you do stuff differently and with your sense of humour. This is exactly what makes this thread special, you make us laugh and without this it would just be another thread.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck and Wife
  • #12,485
  • May 27, 2010 5:31pm May 27, 2010 5:31pm
Quoting strat
This is an extract from a PM received today. The rest of it is worse than this and not worth posting:

You posted in your thread yesterday……The thing against this trade is that whatever caused the sell off in AUD seems to have now been priced into the market and seems ready to recover some of its losses…………….. [i]and today the AUD pairs do just as you predicted! No-one could know that unless they had inside information and while I’m at it, no-one can trade as good as you like to make out so fess up,...

Now that one made me laugh.
  • #12,486
  • May 27, 2010 6:03pm May 27, 2010 6:03pm
Strat,

Oh no...I never left the thread. And I never gave any indication in my writing that I did. I do check out other threads when I am not learning as part of my entertainment.

Jay.



Quoting strat
So how long are you going to stay this time before you hop onto another thread?

Hopping about from one thread and their system to another is what LOSERS do.

I don't care which thread you choose but if you are SERIOUS about being a profitable trader, choose one thread and method, stick with it and become an expert at it or maybe you are just happy being a JACK of all trades, MASTER of NONE.
  • #12,487
  • May 27, 2010 8:30pm May 27, 2010 8:30pm
Quoting patrick25
Hi Simpleman,

I am tighten up my last position. Moving averages are very usefull tool, Strat is using them why not use them.
Very nice trading Patrick!

I agree about the MA's 100%

Earlier in the thread i was having a hard time with the MA's distracting me trying to read price. The problem was not the MA's it was me, I didn't know how to apply them properly.

Now that i feel that i am using them properly i love them! and cannot stress enough how important i think they are.

Rule of thumb, Do Not Underestimate the Power of our MA's.

If any of you are having trouble using MA's or understanding them look into mstandifer's and strat's posts on MA's.
  • #12,488
  • May 27, 2010 8:40pm May 27, 2010 8:40pm
Quoting Jideck
Hi Larryhttp://cdn.forexfactory.com/images/icons/icon7.gif

Are you still in the trade you entered by making a "mistake"?

Hamba Kahlehttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
Nope I exited with some profit after I got back to my computer and saw the post from Strat suggesting that as soon as you realise you should not have entered the trade, you should exit, luckily by then I had a few pips in my favour but it could still have gone against me so I closed it.

Larry
  • #12,489
  • May 27, 2010 10:26pm May 27, 2010 10:26pm
Quoting strat
This is an extract from a PM received today. The rest of it is worse than this and not worth posting:...
Ah ha, the truth is finally out. This PASR stuff is just a front. I knew you were just going to England for another secret meeting with Mervyn King. Probably taking Ben along too. I'll be keeping a very close watch for anything odd going on in Sterling while you're gone.

BTW, if you could tell them to start buying the hell out of the euro I would appreciate it.

  • #12,490
  • May 27, 2010 11:02pm May 27, 2010 11:02pm
Quoting strat
Here's a nice TRIPLE bottom for you to have your evil way with.

"But what about the trend, you bottom pickin' game boy?"

"Screw the trend, think of how we can get in before anyone else and make tons of money"




Professionals look for a reason NOT to take a trade
Amateurs manage money by taking risk
Professionals manage risk by taking money
Strat not that I was considering any longs, you certainly get one thinking, is there a trade there or not.
So I asked my self is there any reason to take a long trade.
I look at risk reward on Buying the break of 1.24 the high of Bueb, noting the professionals treat the round numbers as key levels. I find a risk of 250 pips and rewards of 95 to 150 pips 1st minor resistance or resistance of 20Ma.

So I looked backed on any system that would get me long and that would be using andrews pitch fork, but even then its not technically correct as yesterdays bar has not yet been confirmed as a SL.

For now I'll keep the money I have in my pocket and trade with the trend.
Thanks for keeping us thinking
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  • #12,491
  • May 28, 2010 12:26am May 28, 2010 12:26am
Now,our DRSI makes me think to long positions,but I will wait to see all agree.Thanks.
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My humble opinion.
  • #12,492
  • May 28, 2010 1:09am May 28, 2010 1:09am
Quoting igmal
Now,our DRSI makes me think to long positions,but I will wait to see all agree.Thanks.
Everyone will never agree!

Other than that it looks good, but before considering longs I'd like to see it close above 92 and above BOSS 20.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #12,493
  • May 28, 2010 1:16am May 28, 2010 1:16am
Did top down analysis as I saw PA at R 1.0700
BigBoss: LH`s and LL`s , Price below MA 20 below MA 50 . Downtrend.
Boss: HL , immediate swing is upwards. Price is between MA 20 and MA 50, trapped. At R and upper TL and fibo retracement 23.6
Worker: PA at R 107.00 : SS typ of candle may 25 bouncing from BigBoss MA 20, but no perfect SS, because less outstanding . BEEB may 27, still inside the controlling daily candle may 20
Reasons not to take a trade:
Price beeing trapped on Boss chart
Support 1.0350 is just below price
BEEB closed within controlling bar
I appreciate any thoughts , comments on my statements and charting
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  • #12,494
  • May 28, 2010 2:50am May 28, 2010 2:50am
Quoting strat
If you're married, get a girlfriend; If you have a girlfriend, get another;
This is what I want, how do you know that, are you a mind reader Strat.lol
  • #12,495
  • May 28, 2010 3:37am May 28, 2010 3:37am
Quoting soso
Everyone will never agree!

Other than that it looks good, but before considering longs I'd like to see it close above 92 and above BOSS 20.
All=Worker+Boss+BigBoss.Thanks.
My humble opinion.
  • #12,496
  • May 28, 2010 3:44am May 28, 2010 3:44am
Quoting igmal
All=Worker+Boss+BigBoss.Thanks.
Ah I see now, sorry. Cheers.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #12,497
  • May 28, 2010 6:22am May 28, 2010 6:22am
Quoting PistolDave
BTW, if you could tell them to start buying the hell out of the euro I would appreciate it.
LOL
Yeah, c'mon Strat - pretty please...
When in doubt, sit on your hands...
  • #12,498
  • May 28, 2010 9:21am May 28, 2010 9:21am
Quoting PistolDave
Ah ha, the truth is finally out. This PASR stuff is just a front. I knew you were just going to England for another secret meeting with Mervyn King. Probably taking Ben along too. I'll be keeping a very close watch for anything odd going on in Sterling while you're gone.

BTW, if you could tell them to start buying the hell out of the euro I would appreciate it.
BTW, if you could tell them to start buying the hell out of the euro I would appreciate it.

The big boys have my orders - not until our trip is over at the end of June! The way things are going right now, I'm going to have to buy some more GBP and EUR for the trip.
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,499
  • May 28, 2010 9:31am May 28, 2010 9:31am
Quoting igmal
Now,our DRSI makes me think to long positions,but I will wait to see all agree.Thanks.
This is where a LITTLE knowledge is DANGEROUS.

Your DSRI is HISTORY!

Forget DSRI until you UNDERSTAND it and how to use it. Instead, use a TL which will be more beneficial until then.

The chart below is the CURRENT situation for the Big Boss.
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15 YEARS OF PASR ON FOREX FACTORY!
  • #12,500
  • May 28, 2010 9:59am May 28, 2010 9:59am
Quoting tao
Did top down analysis as I saw PA at R 1.0700
BigBoss: LH`s and LL`s , Price below MA 20 below MA 50 . Downtrend.
Boss: HL , immediate swing is upwards. Price is between MA 20 and MA 50, trapped. At R and upper TL and fibo retracement 23.6
Worker: PA at R 107.00 : SS typ of candle may 25 bouncing from BigBoss MA 20, but no perfect SS, because less outstanding . BEEB may 27, still inside the controlling daily candle may 20
Reasons not to take a trade:
Price beeing trapped on Boss chart
Support 1.0350 is just below price
BEEB closed within controlling...
Did top down analysis as I saw PA at R 1.0700


BigBoss: LH`s and LL`s , Price below MA 20 below MA 50 . Downtrend.

No, No, No, No, No and No!

Look at the swings again on Nov 2007, March 2009 and April 2010

What do you see there?

Boss: HL , No! HH!


immediate swing is upwards. Price is between MA 20 and MA 50, trapped. At R and upper TL and fibo retracement 23.6


Try pulling your Fibs from Jul 10 09 to Apr 23 10 for a more accurate picture

(Nicola – look where this is!)

Worker: PA at R 107.00 : SS typ of candle may 25

No “type” at all, it IS a Shooting Star!

bouncing from BigBoss MA 20, but no perfect SS, because less outstanding .

What? Have no idea what you mean.

BEEB may 27, still inside the controlling daily candle may 20

Not on my data

Reasons not to take a trade: What trade – short or long?


Price beeing trapped on Boss chart

Not a reason – the 20/50 trap is on the Worker


Support 1.0350 is just below price

But that’s 150 pips away.

You must spend more time looking at swings relative to trends. Throw away the TV and get your charts out!
15 YEARS OF PASR ON FOREX FACTORY!
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