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Strat's Long Term Stress Free Trading

  • #12,521
  • Jun 1, 2010 5:01pm Jun 1, 2010 5:01pm
Its only lines!
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15 YEARS OF PASR ON FOREX FACTORY!
  • #12,522
  • Jun 2, 2010 8:51am Jun 2, 2010 8:51am
Quoting strat
Will she or won't she?
The big boys are definitely waiting for something!

What is that something though?

Is it intervention from the Fed to protect and weaken the $US?

Is it intervention from ECB to support EUR?

Is it intervention from China to support EUR or US debt?

Who knows?

Don't get caught guessing this as it could move fast when the news breaks.

Always watch for PASR
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15 YEARS OF PASR ON FOREX FACTORY!
  • #12,523
  • Jun 2, 2010 8:57am Jun 2, 2010 8:57am
Quoting strat
So much stuff going on here.

R
78.6%
TLs
Rubber band

At the same decision point as EURUSD

Choose your weapon carefully - and only choose one of them!
Brothers At Arms!

Watch carefully what happens at 1.1436 - will it hold or will it break?
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15 YEARS OF PASR ON FOREX FACTORY!
  • #12,524
  • Jun 2, 2010 9:09am Jun 2, 2010 9:09am
Quoting strat
Sorry guys - had to put a stop to this run as I need to change some more $USD to GBP for our trip!
A nice quick triple pips while I slept last night - will go into the vacation wallet to help pay for the upcoming celebrations!
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15 YEARS OF PASR ON FOREX FACTORY!
  • #12,525
  • Jun 2, 2010 9:24am Jun 2, 2010 9:24am
Quoting strat
Its only lines!
As Dr. Joe knew perfectly well, its not Rocket Science - just follow the lines.

These are the instructions I have given to the big boys while I'm away so make sure they follow the script!
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15 YEARS OF PASR ON FOREX FACTORY!
  • #12,526
  • Jun 2, 2010 10:33am Jun 2, 2010 10:33am
I had packed two "ENGLAND" shirts for celebrations at the World Cup (Note to my American neighbours - this is the ONLY true World Sport where ALL countries from around the World compete - as opposed to Baseball "World Champions" where they only play teams from USA!) and my trouble and strife took one out with the reason "you won't be needing this!". She's only jealous because Wales didn't qualify.
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,527
  • Jun 2, 2010 11:13am Jun 2, 2010 11:13am
Quoting strat
Brothers At Arms!

Watch carefully what happens at 1.1436 - will it hold or will it break?
Break. (my birthday present).

Roy
Polishing my crystal ball
  • #12,528
  • Jun 2, 2010 11:42am Jun 2, 2010 11:42am
Quoting 30XTCi
Break. (my birthday present).

Roy
Hey boyo, are you looking over my shoulder or can you see it "waving" goodbye?

Happy birthday, Roy, I forgot we shared pretty much the same birthday.

My second time around at 31 - not bad eh?

Nos Da
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,529
  • Jun 2, 2010 11:43am Jun 2, 2010 11:43am
Quoting strat
As Dr. Joe knew perfectly well, its not Rocket Science - just follow the lines.

These are the instructions I have given to the big boys while I'm away so make sure they follow the script!
I'd bet there are some that don't know what to do with this gold bar even though you've spelled it out.
  • #12,530
  • Jun 2, 2010 12:41pm Jun 2, 2010 12:41pm
Quoting 30XTCi
Break. (my birthday present).

Roy
June 2 (Reuters) - The Iranian central bank has announced that it will sell 45 billion euros from its foreign exchange reserves to buy dollars and gold, China's official Xinhua news agency reported on Wednesday, citing unspecified Iranian media reports.
  • #12,531
  • Edited 4:57pm Jun 2, 2010 4:29pm | Edited 4:57pm
Quoting strat
A nice quick triple pips while I slept last night - will go into the vacation wallet to help pay for the upcoming celebrations!

Dear Strat,

I 've missed on that one.
I still feel bothered/ not confident in initiating a trade when in "candle-noise".
.. Now price is in the 20-50box. Hopefully price will let me jump in at the next stop.

Thanks
R
  • #12,532
  • Jun 2, 2010 5:02pm Jun 2, 2010 5:02pm
Quoting strat
I had packed two "ENGLAND" shirts for celebrations at the World Cup (Note to my American neighbours - this is the ONLY true World Sport where ALL countries from around the World compete - as opposed to Baseball "World Champions" where they only play teams from USA!) and my trouble and strife took one out with the reason "you won't be needing this!". She's only jealous because Wales didn't qualify.

Hey Strat! Long time no converse! I see you are coming to the UK then? Well, the weather is due to be good so you should be OK there. Zero-Alpha is Welsh hey? What with you being a 'porridge-wog' as we so eloquently call them here in England and the Mrs being a Welsh dragon slayer us English folks had better be on the look out for some good banter during the World Cup - I take it you will be supporting anyone but England? I hope u have a good trip over here. All the best and make sure u leave all this behind for a decent break!!! You have earned it.
Grim
Trade less and become more profitable!
  • #12,533
  • Jun 2, 2010 5:14pm Jun 2, 2010 5:14pm
Quoting mstandifer
I'd bet there are some that don't know what to do with this gold bar even though you've spelled it out.
Please tell us what you would do, in line with basic PASR rules?

According to my chart USDJPY is in a downtrend on the big boss.

Am I correct in thinking that a long trade on the USDJPY at this time would be a counter trend trade?

The blue dotted lines mark the extremes of the controlling bar.
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"Make everything as simple as possible, but not simpler" Albert Einstein
  • #12,534
  • Jun 2, 2010 6:07pm Jun 2, 2010 6:07pm
Quoting No1Optimist
Please tell us what you would do, in line with basic PASR rules?

According to my chart USDJPY is in a downtrend on the big boss.

Am I correct in thinking that a long trade on the USDJPY at this time would be a counter trend trade?

The blue dotted lines mark the extremes of the controlling bar.
One could also argue that since the Nov 2009 low, it has been making a series of HH and HL? I have attached my weekly chart for clarity and a different perspective.
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  • #12,535
  • Jun 2, 2010 6:45pm Jun 2, 2010 6:45pm
While we are pondering all that has been given us, don't forget tomorrow is NFP ! That may get things moving.
" I can read the left side of the chart, the right side's a Bitch!
  • #12,536
  • Jun 2, 2010 6:55pm Jun 2, 2010 6:55pm
[quote=No1Optimist;3772709]Please tell us what you would do, in line with basic PASR rules?

According to my chart USDJPY is in a down



No1Optomist,

I believe that technically you are correct. There has also been much discussion on the thread to make you believe otherwise by some of the mentors. I am also struggling to justify some of these theories on a technical basis. After following this thread for sometime I think that a person develops a sense for these things[studying thousands of charts]. So for now I try to make a note of these comments and try to see how they come to these conclusions, just as you seem to be doing.


Still Studying,
Poncho
" I can read the left side of the chart, the right side's a Bitch!
  • #12,537
  • Jun 2, 2010 7:09pm Jun 2, 2010 7:09pm
Quoting Raje$h
One could also argue that since the Nov 2009 low, it has been making a series of HH and HL? I have attached my weekly chart for clarity and a different perspective.
You have posted a weekly chart and I see your point. I had considered the weekly also.

However my understanding, which has been repeated by the Master many times, is that the trend in all 3 time frames, (Big Boss, Boss and Worker) should be in unison before undertaking a basic PASR trade.

Could we please have some clarification on this matter by the Master and senior trainers?
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #12,538
  • Jun 2, 2010 7:10pm Jun 2, 2010 7:10pm
Quoting No1Optimist
Please tell us what you would do, in line with basic PASR rules?

According to my chart USDJPY is in a downtrend on the big boss.

Am I correct in thinking that a long trade on the USDJPY at this time would be a counter trend trade?

The blue dotted lines mark the extremes of the controlling bar.
It would not be counter trend given we are in the midst of chop and we are playing the chop. At least that's the way I'm playing it.

1. USDJPY Monthly is in an overall downtrend but the most current bars are what we are interested in. Those most recent bars are making HH and HL.

2. USDJPY Weekly is making even clearer HH and HL.

3. USDJPY Daily broke the 90.75 resistance on the 27th and the basic PASR you are asking about occured on the 1st with a BUOB. Long today 10 pips above yesterday's high. I have my SL set at 90.65 (10 pips below the SR level). The proper basic entry would use the low of the swing but I chose otherwise in this case.
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  • #12,539
  • Jun 2, 2010 7:33pm Jun 2, 2010 7:33pm
This is a good post from someone just as they figured it out.

Quoting tmanbone
This is a lesson I learned from Strat's thread with Alexandra's tutelage on how to spot a possible trend change, starting with a zoomed out view of the big picture. I wanted to share my lightbulb moment. USD/CAD Big Boss April hammer, sign of possible trend change. Weekly and daily in agreement. IMO this is textbook. See charts below, it's all self explanatory. Thanks and cheers all, I appreciate everyone.
  • #12,540
  • Jun 2, 2010 7:49pm Jun 2, 2010 7:49pm
Quoting mstandifer
This is a good post from someone just as they figured it out.
Excellent. Optimist, try changing to a line chart and see if you feel the same. Perhaps you will be less of a pessimist.

I am an optimist to 100; then I may be a pessimist.
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