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  • #12,861
  • Jul 4, 2010 12:40pm Jul 4, 2010 12:40pm
Quoting strat
My problem has always been the management of the trade when I'm up around 200 pips or so.............

And you think this is a problem? If you are not blowing smoke up my arse the solution is SIMPLE - take profit at 200 pips, increase your stake, then rinse and repeat until you have all the money you could ever want. But there again, if you were clever enough to make 200 pips or so, you should know this.

So, pray tell us how you are consistently making around 200 pips or so.

[color=blue][i][b]PS I want to learn...
Strat
I did not mean to come across as being that good. I am not consistently profitable. If I were I would have probably not been searching this forum. What I have found though is that my trade management has made it this way. I have planned the trades correctly but have rarely followed the plan which has brought me out too early at times when I should have tripled the result to make up for the losers. Quite simply have not yet mastered controlling my fear and greed but hopefully I will change this with time. Reading what you have put will help with my confidence in the system.

As for learning the guitar I would not be able to trade from prison. Although in the UK they would probably let you! Human rights!!
  • #12,862
  • Jul 4, 2010 1:28pm Jul 4, 2010 1:28pm
I am a newcomer to this forum and it has allowed me to have a good laugh at myself. Because after a number of years, much money and many courses, searching for the holy grail, I have gradually arrived back at the beginning with what I know is true, PASR . The light has gone on . Reading the contributions has been refreshing and I’m going to enjoy working through and I look forward to when it becomes easy? ( easier ) so that I can contribute and give something back. Must feel good.
  • #12,863
  • Jul 4, 2010 1:43pm Jul 4, 2010 1:43pm
Quoting strat
USDJPY
Big Boss is down at 87 support for a 3rd time. Will it hold? If not a visit to 84 may be on the cards.
Boss down at same support
Worker bouncing off support showing there are a few buyers down there. Any move up is counter trend and likely to stall at 89

USDCHF
Big Boss is down at 1.05 support for it’s 3rd time. Could be readying for a move to 0.99
Boss down but reacting off support
[font=Arial]Worker making...
Thank you for a good lession Strat.
  • #12,864
  • Edited Jul 5, 2010 1:27am Jul 4, 2010 10:37pm | Edited Jul 5, 2010 1:27am
Quoting strat

EURUSD
Big Boss still in it’s overall uptrend but currently fighting the intermediate downtrend. If it gets past 1.27/1.28, look for 1.34 and if it clears that, the root down TL is next.
Boss is following orders
Worker – any retrace with PA would be a good place to buy up to 1.27/28

Greetings Strat,

Firstly thanks for posting your week, month and half year end analysis. Very interesting and instructive.

I have 2 related questions concerning the EURUSD:

1) Please explain what you mean by “the root down TL is next” ? I presume TL means trend line (one for the list of acronym list) but root down?

2) I can see what you mean by the Big Boss being in an overall uptrend which began in October 2000, to July 2008.

After that though, it looks to me that a trend change may have taken place.

Please have a look at my chart and tell me, in a case like this, is it permissible to disregard the the PA that took place 15 months ago, in the highlighted area of the chart?

If that highlighted 4 month period of extreme volatility is disregarded, (the bracketed LH and HL) then it looks like the EURUSD is now in a tradeable downtrend.

The 20EMA turned decisively down in January 2010, and now the 50SMA has begun to turn also.
Attached Image (click to enlarge)
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"Make everything as simple as possible, but not simpler" Albert Einstein
  • #12,865
  • Jul 5, 2010 1:39am Jul 5, 2010 1:39am
Quoting strat
USDJPY...
Hi Strat,

Brilliant work and keep it up.

Just a quick question, do you use daily weekly & monthly pivots on your charts or with your analysis and if not why not

Thanks
Paul
  • #12,866
  • Jul 5, 2010 3:12am Jul 5, 2010 3:12am
From my understanding Strat relies on Support/Resistance, MA and price action. If I am mistaken then I need to read the path of enlightenment again, please correct me if I am wrong.
  • #12,867
  • Jul 5, 2010 6:59am Jul 5, 2010 6:59am
Quoting pbalfe@tisca
Hi Strat,

Brilliant work and keep it up.

Just a quick question, do you use daily weekly & monthly pivots on your charts or with your analysis and if not why not

Thanks
Paul
Hey Paul,
Strat gives a detailed account of price action derivatives throughout the thread (407 is one of many) noting that pivots, indicators and the like are often second hand information. By using past and current PA you get the "inside scoop" on what the big buyers/sellers are thinking at the current market levels.

I think he also states his thoughts briefly in post 5095 and in several other brief posts throughout the thread when pivots are brought up. Hope this helps. Cheers.

John
Finally out of the shadows.
  • #12,868
  • Jul 5, 2010 8:37am Jul 5, 2010 8:37am
Quoting No1Optimist
Greetings Strat,

Firstly thanks for posting your week, month and half year end analysis. Very interesting and instructive....
1) Please explain what you mean by “the root down TL is next” ? I presume TL means trend line (one for the list of acronym list) but root down?

The ROOT TL is the TL formed from a major swing high or low and is THE most important TL on any chart

2) I can see what you mean by the Big Boss being in an overall uptrend which began in October 2000, to July 2008.

After that though, it looks to me that a trend change may have taken place.

The Big Boss major trend is STILL up. The intermediate trend is DOWN (yellow highlight) as shown by LH and LLs.

Note where she has found support. If this support holds, this `could` mean a resumption of the major trend.

Please have a look at my chart and tell me, in a case like this, is it permissible to disregard the the PA that took place 15 months ago, in the highlighted area of the chart?

NEVER disregard PA no matter how old! These are the footprints left behind by the big boys!

If that highlighted 4 month period of extreme volatility is disregarded, (the bracketed LH and HL) then it looks like the EURUSD is now in a tradeable downtrend.

It was tradable from September 2008!

The 20EMA turned decisively down in January 2010, and now the 50SMA has begun to turn also.

But those are 20 MONTHS and 50 MONTHS behind PA!

Focus on PASR BEFORE MAs.
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #12,869
  • Jul 5, 2010 8:48am Jul 5, 2010 8:48am
Quoting Alexptrader
Strat
I did not mean to come across as being that good. I am not consistently profitable. If I were I would have probably not been searching this forum. What I have found though is that my trade management has made it this way. I have planned the trades correctly but have rarely followed the plan which has brought me out too early at times when I should have tripled the result to make up for the losers. Quite simply have not yet mastered controlling my fear and greed but hopefully I will change this with time. Reading what you have put will help...
Without knowing the full scoop but based on what you write, it seems to me that your Plan is about as much use as a handbrake on a canoe!

You need to find, read and UNDERSTAND my posts on PLANNING THE TRADE and TRADING THE PLAN plus all my related posts on trading psychology
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,870
  • Jul 5, 2010 9:07am Jul 5, 2010 9:07am
Quoting pbalfe@tisca
Hi Strat,

Brilliant work and keep it up.

Just a quick question, do you use daily weekly & monthly pivots on your charts or with your analysis and if not why not

Thanks
Paul
Refer your Post #15 dated February 28, 2009 on this thread.

Had you stayed with this thread, as many others did at this early stage of the thread, instead of thread hopping in search of the Holy Grail and the ever elusive magic system, you would know the answers to your questions.

You are a superb example of how WE are OUR own worst enemy – I dare bet I could give you my flagship (very profitable) system and YOU would LOSE with it!

You do not exhibit the PATIENCE and DISCIPLINE to study, read and UNDERSTAND nor the PERSEVERANCE to stay with something until you MASTER it..
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,871
  • Jul 5, 2010 9:34am Jul 5, 2010 9:34am
Quoting strat
Refer your Post #15 dated February 28, 2009 on this thread....
Hey Strat,

I just asked a question, no need to get funny
Calm down old man and dont be so far up your own backside that you have no empathy with other traders
I will not be visiting this site again and wish you all good luck
  • #12,872
  • Jul 5, 2010 9:49am Jul 5, 2010 9:49am
Dear Strat,

Great to see you 're back! Reading your posts again, after one month is inspiring as ever..

Would you be kind enough to explain why the candle indicated as the "4th safe entry" in your usdjpy chart (post #12830 )is PA?
Is the 4th arrow pointing at the IB and i misinterpreted it?


Thanks
R
  • #12,873
  • Jul 5, 2010 10:01am Jul 5, 2010 10:01am
Hi Strat,
I'm new to the forum and have read through your threads and find them to make a great deal of sense. I appreciate that you have learnt the hard way which I have done also and would like to use your system. Is it really that simple, Big Boss->Boss->worker, support/resistance, Moving averages and the use of four specific candlstick formations.
I refuse to trade until I fully understand your system but am watching and learning but feel there is something still missing. Is one suppose to feel this way before they become enlightened. I have stopped all other types of technical analysis and am just using your teachings and what you post. I know you do not want to hand things out on a plate and give your insights and knowledge through your threads. Am I correct in this or should I be doing something else. I sincerley thank you for your threads and hope to one day find what is still missing.
  • #12,874
  • Jul 5, 2010 10:01am Jul 5, 2010 10:01am
Quoting Rubens PP
Dear Strat,

Great to see you 're back! Reading your posts again, after one month is inspiring as ever..

Would you be kind enough to explain why the candle indicated as the "4th safe entry" in your usdjpy chart (post #12830 )is PA?
Is the 4th arrow pointing at the IB and i misinterpreted it?


Thanks
R
Well spotted! That 4th candle is not one of the PA being taught on here but once you learn and UNDERSTAND basic PASR, it is easy to see why it is a 'safe' trade. However, even if you missed that one, you would definitely get the next one.
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,875
  • Edited 10:28am Jul 5, 2010 10:12am | Edited 10:28am
Quoting kalvind
Hi Strat,
I'm new to the forum and have read through your threads and find them to...
Yes, it REALLY is this SIMPLE!

What you are missing is the UNDERSTANDING and the thousands of hours studying and practicing on thousands of charts. You cannot just read how to trade and then expect to be profitable. Trading is no different to any other PROFESSIONAL business - you MUST read, study, learn and UNDERSTAND and then practice this over and over and over and over and over and over until you can SEE it with your eyes closed.

If you were going in for heart surgery, which surgeon would you choose?

One with many years of practice and experience

OR

One who has just finished reading a book on how to perform Heart Surgery?

Successful and Profitable trading is NO DIFFERENT!
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,876
  • Jul 5, 2010 10:34am Jul 5, 2010 10:34am
Quoting strat
Refer your Post #15 dated February 28, 2009 on this thread.

Had you stayed with this thread, as many others did at this early stage of the thread, instead of thread hopping in search of the Holy Grail and the ever elusive magic system, you would know the answers to your questions.

[font=Arial]You are a superb example of how WE are OUR own worst enemy – I dare bet I could give you my flagship (very profitable)...
This guy had a golden opportunity with Strat right at the beginning of the thread and BLEW IT. Now he has 850+ pages to read and UNDERSTAND.

This should serve us as a reminder, that only SERIOUS TRADERS, that are determined to read and UNDERSTAND Strat's teachings, will ever become
a CONSISTENTLY PROFITABLE PROFESSIONAL TRADER.

We shouldn't forget that Strat is GIVING to this community, all that he has learned in his many years as a trader.
I am very grateful for this !
  • #12,877
  • Jul 5, 2010 10:36am Jul 5, 2010 10:36am
Quoting pbalfe@tisca
Hey Strat,

I just asked a question, no need to get funny
Calm down old man and dont be so far up your own backside that you have no empathy with other traders
I will not be visiting this site again and wish you all good luck


What's truly funny....you must not have paid attention to Strat's posts and followed along closely like your post in #15 states.
And now because of your bruised ego, you're leaving.......drop the chip from your shoulder and open your mind some and start from the beginning. You might learn something.......

I too have come full circle to where I began a few years ago, PASR, as the trip in search of the elusive all-knowing () indicator has led me on leads me to believe it just doesn't exist (). But I have found the grail ...ask me nicely and I just might show it to you .
  • #12,878
  • Jul 5, 2010 1:17pm Jul 5, 2010 1:17pm
Quoting pbalfe@tisca
Hey Strat,

I just asked a question, no need to get funny
Calm down old man and dont be so far up your own backside that you have no empathy with other traders
I will not be visiting this site again and wish you all good luck

Love these posts....

What Ph is missing here is one of the most important lessons(IMHO) that Strat teaches and your response tells me volumes about your psyche and attitude.

The markets are bloody hard and to succeed we need to be tough and emotionless, if we are going to succeed.

If a few harsh words upset you, can I suggest you forget the markets and 'take up knitting', because you obviously can't hack it..
  • #12,879
  • Jul 5, 2010 1:40pm Jul 5, 2010 1:40pm
Quoting strat
Looks like my chart so can't SEE anything wrong with it. Maybe the problem is the person looking at it?
My God it's good to have you back, the thread as been a bit lame recently it's always good to get a lashing!

Have double checked I am on New York time, daily chart closes at 2400, and I think I have solved the problem of my charts not looking remotely like the rest of you.

And as a bonus I have learn't how to post a chart.

Trading after this should be a well a bit easier

Thanks
  • #12,880
  • Edited 2:49pm Jul 5, 2010 2:30pm | Edited 2:49pm
Hi Strat,

Is it worth keeping an eye on 400 pips gap in AUDCHF? I am sure everyone has got this gap.
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