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Strat's Long Term Stress Free Trading

  • #12,761
  • Jun 26, 2010 11:52am Jun 26, 2010 11:52am
First post here, joined the Path last weekend. The first half of this post is just pure golden and says it all......well actually the whole post is. But that first half kinda explains the WHY, and this thread is the HOW.....so back to my studies!!

Quoting james16
brilliantly said.

i feel kinda liberated here so i will share a bit.

i could live anywhere i want but i live in a paid for 200,000 house. i could drive anything i want but i drive a nice paid for 30,000 truck. my kids go to an expensive private school because i think its important. i have investments all over the place involving things i enjoy. real estate, golf courses etc..

ive built several succesful businesses over the years. im into astronomy, history and spend waayy to much time on philisophical (spelling?) and spiritual studies. i...
  • #12,762
  • Jun 27, 2010 2:08am Jun 27, 2010 2:08am
Quoting Gustaw
Hi I've been trading using D1 sup/res levels as main goals and H1 as my entry/exit leels. I aim for 30-40 points of profit at a time. I use 15 and 30 min bars to determine the mood of the market and 5 and 1 min to pin point exacyly my entries. Thing is, I disregard H4 levels in my trading because it will confuse my charts with too many lines. I've been quite succesful with this method but what do you think about skipping H4. My usual trade lasts 30-60 minutes.
I think you are on the wrong thread.

Strat's Long Term Stress Free Trading is all about getting away from day trading using intra-day charts.

On this thread only Daily, weekly and Monthly charts are considered.

The Monthly and Weekly charts guide us as to the trend of the market, and we then trade the Daily in the direction of the market's trend.
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #12,763
  • Jun 27, 2010 10:06am Jun 27, 2010 10:06am
Quoting strat
Note how the 50 provides support for the uptrend and how the 20 likes to return to the 50 before being repelled up.
Duly noted nugget.
T
  • #12,764
  • Jun 27, 2010 10:56am Jun 27, 2010 10:56am
Strat I feel your pain.
But Germany crushed you.



sorry to others, I know it's not trading related another week and I'll be back.
  • #12,765
  • Jun 27, 2010 11:24am Jun 27, 2010 11:24am
Hello guys, while going ahead with my dedication to the Path, I still have problems with a clear definition of the four following candles:
buob beob beeb bueb
A part from their significance, which is clear to me, I have many doubts.
And what about dhlc and dlhc from J16 are somehow another thing or not?

I cannot find anything on the forum and on Strat's site that simply gives a visual definition of the four.
Then while on Strat's page (http://sites.google.com/site/stratstrading/price-action) I stumbled into this definition:
Outside bars - called BUOB (Bullish outside bar) and BEOB (Bearish outside bar) on J16. Again, I stick with tradition and call them Bullish Engulfing Bars or Bearish Engulfing Bars).
And this is adding more confusion to my already confused mind.

Now, please let me write down what I have learned, searching here and there, and correct my definitons, please:

Engulfing Bar BEEB BUEB
Body Engulfing the extremes of the previous bar's body. Tails are not a consideration
BEEB: when the candle close bear > bear sentiment ahead
BUEB: when the candle close bull > bull sentiment ahead

Outside Bars BEOB BUOB
Tails Outside the extremes of the previous bar's tails.
BEOB: when the candle close bear > bear sentiment ahead
BUOB: when the candle close bull > bull sentiment ahead

I've read it somewhere on the forum that a BEOB is like a DHLC. I really don't if this is true or close to it or not. Same for DLHC, I don't know how to red it when someone is mentioning it.

Thank you in advance
Max
  • #12,766
  • Edited 12:06pm Jun 27, 2010 12:04pm | Edited 12:06pm
Quoting dorellino
Hello guys, while going ahead with my dedication to the Path, I still have problems with a clear definition of the four following candles:
buob beob beeb bueb
A part from their significance, which is clear to me, I have many doubts.
And what about dhlc and dlhc from J16 are somehow another thing or not?

I cannot find anything on the forum and on Strat's site that simply gives a visual definition of the four.
Then while on Strat's page (http://sites.google.com/site/stratstrading/price-action) I...
Have you seen this... will it help? Scroll to the top of this page. On the upper right there is a small box (attachments) with a paper clip icon and a number in it. click on that. It will open a box that has attachments to the thread. Click on the words ' hide images '...that will reduce the number of entries in that box. Scroll down to the title Price Action Set Ups and open it. Nice visual. I hope that is what you are looking for. Also scroll to Candlestick ebook and see if that will help as well. Hope this works.
  • #12,767
  • Jun 27, 2010 12:26pm Jun 27, 2010 12:26pm
Quoting Lou
Have you seen this... will it help? Scroll to the top of this page. On the upper right there is a small box (attachments) with a paper clip icon and a number in it. click on that. It will open a box that has attachments to the thread. Click on the words ' hide images '...that will reduce the number of entries in that box. Scroll down to the title Price Action Set Ups and open it. Nice visual. I hope that is what you are looking for. Also scroll to Candlestick ebook and see if that will help as well. Hope this works.
Thanks a lot, never used the function "hide images" on the attachment link, that is a great help. Indeed it was a nightmare looking for docs in between all the images posted! I'm sure I'll find some good info on them.
Thx
Max
  • #12,768
  • Jun 27, 2010 2:41pm Jun 27, 2010 2:41pm
Quoting Money Magnet
Strat I feel your pain.
But Germany crushed you.



sorry to others, I know it's not trading related another week and I'll be back.
My U12 Championship Winning team I coached in the 80s could have beaten that pathetic excuse for a National team!
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,769
  • Jun 27, 2010 4:33pm Jun 27, 2010 4:33pm
Actually they were quite decent at the first half.They were really robbed by the referee.Well, the second half they were trully awful.
  • #12,770
  • Jun 27, 2010 6:25pm Jun 27, 2010 6:25pm
Quoting Lou
Have you seen this... will it help? Scroll to the top of this page. On the upper right there is a small box (attachments) with a paper clip icon and a number in it. click on that. It will open a box that has attachments to the thread. Click on the words ' hide images '...that will reduce the number of entries in that box. Scroll down to the title Price Action Set Ups and open it. Nice visual. I hope that is what you are looking for. Also scroll to Candlestick ebook and see if that will help as well. Hope this works.
Good info Lou...I've never thought to do that. Narrows down the list significantly.

dorellino, Having spent time at j16 myself. A DBHLC and DBLHC is a different animal than a BEEB OR BUEB even though they might end up being the same thing.

A DBHLC or DBLHC is simply a reference to a bar that has rejected the high or low twice at the same price and closed lower or higher. It might be an outside or engulfing bar but that isn't a characteristic that is described by the bar definition.

A BEEB or BEOB might have a double top but it isn't a defining characteristic of the bar.

They might be similar in their descriptions but only in that their shapes sometimes resemble each other. One is for one method and one is for another. Hence we don't use DBHLC or DBLHC in this method.

hope this helps.
  • #12,771
  • Jun 28, 2010 5:37am Jun 28, 2010 5:37am
Quoting dorellino
Engulfing Bar BEEB BUEB
Body Engulfing the extremes of the previous bar's body. Tails are not a consideration
I believe that in engulfing bars only the body is taken into consideration. Body engulfs body.
The extremes do not necessarily have to engulf the previous bar extremes.

Attached are two selections of these types of candles.
Attached Image (click to enlarge)
Click to Enlarge Name: engulfing_bars.png Size: 7 KB
Attached Image
  • #12,772
  • Jun 28, 2010 10:47am Jun 28, 2010 10:47am
Quoting hcristea
I believe that in engulfing bars only the body is taken into consideration. Body engulfs body.
The extremes do not necessarily have to engulf the previous bar extremes.

Attached are two selections of these types of candles.
Hcristea, this is really what I wanted to see in order to confirm my studies! Thank you guys all.
Max
  • #12,773
  • Jun 28, 2010 11:00am Jun 28, 2010 11:00am
roundrock
Member
Member Since Feb 2010
112 Posts

http://cdn.forexfactory.com/images/icons/icon1.gif
Quote:
Originally Posted by iamnoel
Is higher timeframe better?

EU m15, short


Thanks for the heads up re EA. Obviously, I am a total newbie in EA. I thought it is the "answer" hahahaha

yes, multi timeframe thing gives better signals (in any method). i check M30 , if signal comes then check H1. if both agree then trade. else wait....
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,774
  • Jun 28, 2010 11:06am Jun 28, 2010 11:06am
losingtrades
Member
Member Since Jun 2010
121 Posts

i hate it...i just hate it
I hate my day job...I have missed so many good trades today, and I placed none. this day job takes away from what i really want to do with my time.

Read your User Name. Read your User Name. Read your User Name. Read your User Name. Read your User Name.
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,775
  • Edited 2:41pm Jun 28, 2010 11:44am | Edited 2:41pm
Done
  • #12,776
  • Jun 28, 2010 11:54am Jun 28, 2010 11:54am
Inserted Video
A very refreshning music affored by me with kind permission of Mr.Strat
  • #12,777
  • Jun 28, 2010 2:20pm Jun 28, 2010 2:20pm
Quoting kratun
Forget about them mate, Iam glad you're again. fuck them all! After a few pints of beer I decided You 're my best friend in trading after all.I'll follow you which way you take.
DELETE THIS POST and any more profanity and swearing on MY thread and your posting priviliges will be removed!
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,778
  • Edited 2:42pm Jun 28, 2010 2:28pm | Edited 2:42pm
This also done.Sorry....
Attached Image (click to enlarge)
Click to Enlarge Name: eur-gbp.gif Size: 58 KB
  • #12,779
  • Jun 28, 2010 2:36pm Jun 28, 2010 2:36pm
Quoting strat
DELETE THIS POST and any more profanity and swearing on MY thread and your posting priviliges will be removed!
Ok mate no more stupid things in this trade.You have my word.Thank you for you patience.
  • #12,780
  • Jun 28, 2010 4:50pm Jun 28, 2010 4:50pm
Quoting strat
roundrock
Member
Member Since Feb 2010
112 Posts

http://cdn.forexfactory.com/images/icons/icon1.gif
Quote:
Originally Posted by iamnoel
Is higher timeframe better?

EU m15, short


Thanks for the heads up re EA. Obviously, I am a total newbie in EA. I thought it is the "answer" hahahaha

yes, multi timeframe thing gives better signals (in any method). i check M30 , if signal comes...
Am I am missing something here?
"Make everything as simple as possible, but not simpler" Albert Einstein
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