Strat's Long Term Stress Free Trading | Page 673 | 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

  • #13,441
  • Aug 5, 2010 5:56am Aug 5, 2010 5:56am
Quoting simpleman
Hi Max,
I think you will have to read and understand the thread again. This trade of yours is not Strat style but Anti Strat style. All the TF are bullish why would you go short. As per your post TFs are not even aligned for short, so why would you go for it. Forget Fibos/TL for the time being just learn simple SR, MAs, PAs and trends, then go for the rest of the tools.
Thanks
Thanks for your answer, Simpleman, I'll study my trade more then. Please why are you saying Worker is bullish?
PA, isn't it a clear PA beeb example? What is PA then if not this, essentially?
I understand that Bigboss trend is bull not bear as I wrote

Thank you
Max
  • #13,442
  • Aug 5, 2010 6:18am Aug 5, 2010 6:18am
Ok, ok maybe I've got it dear Simpleman,
with a bullish BB, bullish B, and bullish W we don't wanna go short...that is the deal.
That is why PA is not here even if we have a beeb.
At least, not a great deal, I knew I was countertrend.....

Thanks
Max
  • #13,443
  • Aug 5, 2010 8:08am Aug 5, 2010 8:08am
Quoting Raje$h
Thanks, Strat. Noted.

Can I generalise this to say, "In an uptrend, do not buy dips that are too shallow " for my notes? After writing that, it seems so obvious!

Regards,
Rajesh
Rajesh,

A trade with 300 pips potential has more chance of being profitable than one with 100 pips. If the big boys decide to play around after 30% of the trade has been made, your 300 pip trade would have made 90 pips and your 100 pip trade only 30 pips BEFORE they take it back down. May not be the best example but hope you get the idea.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,444
  • Aug 5, 2010 8:13am Aug 5, 2010 8:13am
Quoting dorellino
Ok, ok maybe I've got it dear Simpleman,
with a bullish BB, bullish B, and bullish W we don't wanna go short...that is the deal.
That is why PA is not here even if we have a beeb.
At least, not a great deal, I knew I was countertrend.....

Thanks
Max
Hello Max,

May I suggest that you study my post (13402, page 894) on the subject of trend identification, and identifying the IMMEDIATE trend.

I have also summarized, very briefly, Strat's method which he recommends for all novices on the "Path of Learning".

In a nutshell:

Strat’s dictum for Novices of consistently making profitable ATM trades by:
1) trading with the IMMEDIATE trend
2) entering trades only when suitable PASR occurs
3) taking profit at the next SR

I hope you will find this helpful.

Best wishes, Roger
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #13,445
  • Aug 5, 2010 8:15am Aug 5, 2010 8:15am
Quoting dorellino
Ok, ok maybe I've got it dear Simpleman,
with a bullish BB, bullish B, and bullish W we don't wanna go short...that is the deal.
That is why PA is not here even if we have a beeb.
At least, not a great deal, I knew I was countertrend.....

Thanks
Max
Either READ and UNDERSTAND this thread slowly and surely from Post #1 or go back to taking Jacko's signals.

You will NEVER find any signals on here, only teaching how to find one's own signals so don't even look for them.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,446
  • Aug 5, 2010 9:41am Aug 5, 2010 9:41am
Quoting dorellino
Thanks for your answer, Simpleman, I'll study my trade more then. Please why are you saying Worker is bullish?
PA, isn't it a clear PA beeb example? What is PA then if not this, essentially?
I understand that Bigboss trend is bull not bear as I wrote

Thank you
Max

I think because the immediate trend is going up. Thats why he said it was bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-8-05 - dsri - eurusd .gif Size: 35 KB
  • #13,447
  • Aug 5, 2010 9:51am Aug 5, 2010 9:51am
Quoting Raje$h
Thanks, Strat. Noted.

Can I generalise this to say, "In an uptrend, do not buy dips that are too shallow " for my notes? After writing that, it seems so obvious!

Regards,
Rajesh
No, he means check overhead resistance, distance to resistance and price action before your entry candle. There was a shooting star signalling a clear rejection so you were buying into resistance.

Also, there was only ~120 pips max. room to move which Strat would pass on....
  • #13,448
  • Edited 10:27am Aug 5, 2010 10:26am | Edited 10:27am
Quoting dorellino
Hello guys, first time I'm showing my view on a chart, using Strat's method.
EURUSD, short around 1.32 area

BB (big boss) is bearish
B (boss) is bullish
W (worker) is bearish

1) BEEB showed in the grey square, formed yesterday
2) Confluence of 2 trendlines create resistance in 1.32 area
3) Fibo expansion OP creates resistance in 1.32 area
4) R (purple line) upper 1.32 area

Honestly I don't know how to deal with the EMA and the SMA, they are out of the game now, but they are indeed pointing UP, so this is definitely a counter trend trade....

Max
take your time and don't rush this, shorting just shows us all that the little men and in control and you want to trade for tradings sake.

Strat has said this so many times
http://www.forexfactory.com/showthre...to#post3759506

http://www.forexfactory.com/showpost...ostcount=11099

I could give more examples but there are plenty in the thread.

Strat has also posted how we use the MA's and you clearly have not understood the last number of pages in the thred if you see the BB as bearish. There were a number of posts on EUR/CHF go and reread those.
the trade you are looking is to me a very advanced trade.
Learn to drive first once doing that successfully only then consider getting on the autobaan.

I know by now others may have already pointed you, but adding to it even helps me.
Frank
  • #13,449
  • Aug 5, 2010 11:36am Aug 5, 2010 11:36am
Quoting Jideck
Hi Alexandrahttp://cdn.forexfactory.com/images/icons/icon7.gif

Great to hear from you. Always good to hear your uptake on the news.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck

Fade the mass media news. That's the point! It worked for Marty Zweig. It works for Blackeagle. It works for me.
  • #13,450
  • Aug 5, 2010 12:01pm Aug 5, 2010 12:01pm
Quoting soso
Great job Patrick! May I ask why do you consider to take this kind of PA only when you have an open position that is on profit? I assume you consider it more risky PA but then why take it now? Suppose you closed your previous position, you banked the profit, why not take this trade in that case?
Hi Soso,

This is in my plan that to hold the last position as long as I can at breakeven and trail it with profit. Then add on with PA with 1/4 of my already in profit. As you can see my last position survised the pulled back then price turned took out R with a hammer. I think Dr. Joe in the house and indeed price continued after the hammer. Last night I moved the add on position to breakeven and it was taken out. It is all in my plan Soso, just happened as I planned then I acted.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf-08-5-10.gif Size: 20 KB
  • #13,451
  • Aug 5, 2010 12:29pm Aug 5, 2010 12:29pm
Quoting patrick25
Hi Soso,

This is in my plan that to hold the last position as long as I can at breakeven and trail it with profit. Then add on with PA with 1/4 of my already in profit. As you can see my last position survised the pulled back then price turned took out R with a hammer. I think Dr. Joe in the house and indeed price continued after the hammer. Last night I moved the add on position to breakeven and it was taken out. It is all in my plan Soso, just happened as I planned then I acted.
Ok Patrick, I see, thanks for the explanation.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #13,452
  • Aug 5, 2010 1:41pm Aug 5, 2010 1:41pm
Quoting Money Magnet
Max
take your time and don't rush this, shorting just shows us all that the little men and in control and you want to trade for tradings sake.

Strat has said this so many times
http://www.forexfactory.com/showthre...to#post3759506

http://www.forexfactory.com/showpost...ostcount=11099

I could give more examples but there are plenty in the thread.

Strat has also posted how we use the MA's and you clearly have not understood the last number of pages in the thred if you see...
Thanks Frank I really appreciate your help. I have made a mistake on ERUSD BB because on monthly chart I did not zoomed enough to see it properly. I missed June candle, and all I was referring to was May candle. Stupid mistake. I realize I had to carefully examine the chart before posting such a stupidity.
Regarding the MA's, let me tell you what I see, 20 above 50 on daily: bulls are in action. Upward direction of both it means the same. This is what the MA's are telling me.
Again, thanks my friend
Max
  • #13,453
  • Aug 5, 2010 1:54pm Aug 5, 2010 1:54pm
Quoting strat
Either READ and UNDERSTAND this thread slowly and surely from Post #1 or go back to taking Jacko's signals.

You will NEVER find any signals on here, only teaching how to find one's own signals so don't even look for them.
Hi Strat,
I've studied how to trade Jacko's way and I've traded my way following his teaching, not his signals. Yes of course initially, 15 months ago, I did.
I'm not a signal follower now, I have done it and paid for it more than once, and I know now it doesn't work like that, I hope you believe me.
I'm not looking for signas here, I have never done it and I will never do it.
Thanks for helping me
Max
  • #13,454
  • Aug 5, 2010 4:29pm Aug 5, 2010 4:29pm
Quoting patrick25
Hi Soso,

This is in my plan that to hold the last position as long as I can at breakeven and trail it with profit. Then add on with PA with 1/4 of my already in profit. As you can see my last position survised the pulled back then price turned took out R with a hammer. I think Dr. Joe in the house and indeed price continued after the hammer. Last night I moved the add on position to breakeven and it was taken out. It is all in my plan Soso, just happened as I planned then I acted.
Hi Patrickhttp://cdn.forexfactory.com/images/icons/icon7.gif

Fantastic job! Just as Strat's says you are the Star Student, congratulations.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #13,455
  • Aug 5, 2010 4:50pm Aug 5, 2010 4:50pm
Quoting Alexandra
Fade the mass media news. That's the point! It worked for Marty Zweig. It works for Blackeagle. It works for me.
keeping an eye on wheat on that basis!
  • #13,456
  • Aug 5, 2010 8:26pm Aug 5, 2010 8:26pm
Quoting dorellino
Hi Strat,
I've studied how to trade Jacko's way and I've traded my way following his teaching, not his signals. Yes of course initially, 15 months ago, I did.
I'm not a signal follower now, I have done it and paid for it more than once, and I know now it doesn't work like that, I hope you believe me.
I'm not looking for signas here, I have never done it and I will never do it.
Thanks for helping me
Max
OK but you MUST read the thread and UNDERSTAND it. I know its long, but so is life - you have your whole life in front of you so there is no rush.

Many people have learned just as much on the THIRD read as they did on the first. If you genuinely want to learn, join the Path of Learning and TAKE YOUR TIME.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,457
  • Aug 5, 2010 10:42pm Aug 5, 2010 10:42pm
Quoting Josh44
Hey guys and gals. I signed up to FF but I am have been hear reading since 2005. Question for you on the EU. We have PA dancing around the 38 level from the Boss. The immediate TL is up so am I right in thinking that the last candle was a BEEB? I was looking at a 50 "ish" ret on this candle and then go short down to the 2950 area of support. Please give me any thoughts on my analysis. Thank you big dogs!
My first thought is please post an older and uglier photo on your profile!

Seriously, until YOU decide HOW and which method you want to trade, your thread hopping will just confuse the bejabbers out of you and the greenbacks out of your account.

There are many on here before you who tried this and all ended up BROKE Jack of All Trades, MASTER of none.

Choose a method/strategy, your choice, and STICK with it. Learn it until you know every pimple on its backside! MASTER it and you will be happy and profitable.

There are as many ways to make money in forex as there are to skin the proverbial cat. A few of those are here in FF. Find the one that YOUR personality is compatible with and learn it as if you were studying for a Doctorate.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,458
  • Aug 5, 2010 10:55pm Aug 5, 2010 10:55pm
Quoting dorellino
Hello guys, first time I'm showing my view on a chart, using Strat's method.
EURUSD,...
In addition to the other valid comments you received on this, first only posts charts with a white background - we are NOT in the business of making fat profits for the inkjet suppliers.

Second, you have a line above PRICE on the rising trend - this is probably what is making your Little People think short - get rid of it. If you want to add a TL, add one that is supporting PRICE but there really is no need because there is one already there.

Third, please explain the benefit of why and how you use the volumes at the bottom of your chart.

Fourth, IF you ARE going to use it, LEARN how to use the FE tool
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,459
  • Aug 6, 2010 12:12am Aug 6, 2010 12:12am
Well aint that a beaut!!
Too bad it's CT, I'm not that far along the path, so I must decline it.....
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-8-06 - usdcad .gif Size: 42 KB
  • #13,460
  • Aug 6, 2010 12:29am Aug 6, 2010 12:29am
Quoting strat
My first thought is please post an older and uglier photo on your profile!

Seriously, until YOU decide HOW and which method you want to trade, your thread hopping will just confuse the bejabbers out of you and the greenbacks out of your account.

There are many on here before you who tried this and all ended up BROKE Jack of All Trades, MASTER of none.

Choose a method/strategy, your choice, and STICK with it. Learn it until you know every pimple on its backside! MASTER it and you will be happy and profitable.

There are as many ways to make money...
Thank you Strat. Noted and I will stick to one method. I greatly appreciate the feedback.
2 traders viewing now