Strat's Long Term Stress Free Trading | Page 674 | 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

  • #13,461
  • Aug 5, 2010 10:46pm Aug 5, 2010 10:46pm
Quoting MoneyMaker
Well aint that a beaut!!
Too bad it's CT, I'm not that far along the path, so I must decline it.....
This could be interesting to WATCH Friday morning since Canadian Unemployment Change comes out 7AM NY time and then at 8:30 AM NY time US NFP comes out.
  • #13,462
  • Aug 5, 2010 10:56pm Aug 5, 2010 10:56pm
Quoting MoneyMaker
Well aint that a beaut!!
Too bad it's CT, I'm not that far along the path, so I must decline it.....
On my data it is definitely a Bond Hammer and the more I look the more I want confirmation before I get out my wallet.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,463
  • Aug 6, 2010 1:29am Aug 6, 2010 1:29am
Quoting MoneyMaker
Well aint that a beaut!!
Too bad it's CT, I'm not that far along the path, so I must decline it.....
For some it is down trend and for some it is sideways with almost 800 pips range.
  • #13,464
  • Aug 6, 2010 10:13am Aug 6, 2010 10:13am
Quoting strat
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.
I'm at 20% of the thread, I'm going on vacation in Tuscany, and between some Chianti and a good bruschetta I'll read some 30% of the thread, that I'm printing right now.
I hope the Chianti will not delete some good infos from my brain. Hopefully it will foster them!
Thanks Master
Max
  • #13,465
  • Aug 6, 2010 10:18am Aug 6, 2010 10:18am
Max - have a bottle of Barollo for me too..... ;-)
Trade less and become more profitable!
  • #13,466
  • Aug 6, 2010 10:32am Aug 6, 2010 10:32am
Quoting strat
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,...
First: sorry for it! I forgot about it! will never do it again!
Second: do you mean the MA 20?
Third: that to me is still a piece of mystery. It is there so I can look at it every time, since I agree with Strat that even if we don't have an exchange volume, still it represent something, like the pool before the elections. I know thing about the volume, like low volume and a big move it means it can be a fake move. But to be honest I'm not able to read it properly yet. If you can elaborate it a bit I will love it.
Fourth: Fib expansion, that is the way I use it. I see a wave and I apply it to it. Yes maybe it has to be applied to the LL only, and not to waves in the middle of the trend, many times though, it works.
I post a chart where you can see it. But please, if it is not reliable the way I use it or you know by experience a better way to use it, please le us know.
Thank you
Max
Attached Image (click to enlarge)
Click to Enlarge Name: fibexp.gif Size: 26 KB
  • #13,467
  • Aug 6, 2010 2:17pm Aug 6, 2010 2:17pm
Quoting dorellino
First: sorry for it! I forgot about it! will never do it again!
Second: do you mean the MA 20?
Third: that to me is still a piece of mystery. It is there so I can look at it every time, since I agree with Strat that even if we don't have an exchange volume, still it represent something, like the pool before the elections. I know thing about the volume, like low volume and a big move it means it can be a fake move. But to be honest I'm not able to read it properly yet. If you can elaborate it a bit I will love it.
Fourth:...
Your backround on your chart is still colored (babyblue it seems) we want it to be white for cost effective printing for those who wish to print the contents within the thread.

The line that Strat is referring to is the upper TL you have placed over price.

I have pointed it out below.
Attached Image (click to enlarge)
Click to Enlarge Name: dorellino_chart.png Size: 57 KB
  • #13,468
  • Aug 7, 2010 2:58am Aug 7, 2010 2:58am
Quoting euro_dude
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....
Dude, you are goood. Brief and true too.

Cheers,
R
  • #13,469
  • Aug 7, 2010 6:18am Aug 7, 2010 6:18am
Quoting MoneyMaker
Well aint that a beaut!!
Too bad it's CT, I'm not that far along the path, so I must decline it.....
Nah the IMMEDIATE trend is U-P. lol .

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 87 KB
  • #13,470
  • Aug 7, 2010 9:08am Aug 7, 2010 9:08am
Quoting stewrigh
Nah the IMMEDIATE trend is U-P. lol .

Attachment

Throwing up a 10 min chart.....

For some reason I find the need to quote spinner ..... A fool is a fool who doesn't know he is a fool....
  • #13,471
  • Edited 11:55am Aug 7, 2010 10:22am | Edited 11:55am
Quoting MoneyMaker
Throwing up a 10 min chart.....

For some reason I find the need to quote spinner ..... A fool is a fool who doesn't know he is a fool....
If you had been following the thread last week you would understand the context behind this post.

It was meant to be a light-hearted dig at Strat, who I am sure is man enough to take it in the spirit it was intended, unlike you who obviously takes everything at face value.

Try reading some of the posts from last week.. we had a very interesting discussion re trends......but on second thoughts maybe not, it'll probably go way over your head.
  • #13,472
  • Aug 7, 2010 11:36am Aug 7, 2010 11:36am
See the beauty of DSRI on line chart. Line chart is just for illustration purpose only, I trade using candlestick chart.

I went short on the break of support but later on closed at break even for some reason.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy06082010w.gif Size: 11 KB
  • #13,473
  • Aug 7, 2010 4:27pm Aug 7, 2010 4:27pm
Quoting simpleman
See the beauty of DSRI on line chart. Line chart is just for illustration purpose only, I trade using candlestick chart.

I went short on the break of support but later on closed at break even for some reason.
Hi Simpleman,

Did you short base on breaking support or PASR?
  • #13,474
  • Aug 8, 2010 2:08am Aug 8, 2010 2:08am
Quoting patrick25
Hi Simpleman,

Did you short base on breaking support or PASR?
Hi Patrick,

PASR-BEEB
  • #13,475
  • Aug 8, 2010 3:36am Aug 8, 2010 3:36am
Don't really want to get into another debate about trends....but.

Suffice to say that I think the trend is down.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.jpg Size: 117 KB
  • #13,476
  • Aug 8, 2010 4:28am Aug 8, 2010 4:28am
Quoting stewrigh
Don't really want to get into another debate about trends....but.

Suffice to say that I think the trend is down.

Attachment
Hi Stewrigh,
Should we not call it choppy!
with price near the top of the range.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd06082010d.gif Size: 16 KB
  • #13,477
  • Aug 8, 2010 4:40am Aug 8, 2010 4:40am
Quoting simpleman
Hi Stewrigh,
Should we not call it choppy!
with price near the top of the range.
Yep I suppose so, but you could also argue that the shorter term trend is up.

But there is a load of confluence here which is what I look for.

Namely...

SS
50/60 fib
Lower high
Horizontal SR
Trend line - not so keen on this but always aware.
Longer term trend is down - don't think even Strat can argue with that - lol.

Ps I won't trade this til I see what happens on Monday/Tuesday.(think I might regret that but I'm waiting for price to start its move down.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.jpg Size: 128 KB
  • #13,478
  • Aug 8, 2010 4:51am Aug 8, 2010 4:51am
Also looks like a range to me...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpnzd weekly.gif Size: 21 KB
Click to Enlarge Name: gbpnzd daily.gif Size: 28 KB
  • #13,479
  • Aug 8, 2010 5:02am Aug 8, 2010 5:02am
This is another pattern I don't like but hey if it fits - why not.

It's also in the wrong place anyway for a true H&S.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.jpg Size: 114 KB
  • #13,480
  • Aug 8, 2010 5:03am Aug 8, 2010 5:03am
A Boss hammer has formed after a daily hammer on Thursday.

It looks good to me (shape, location, historically) but doesn't quite feel right!

OK, I'm opening a can of worms here...

Currency correlation: Why would CAD weaken when every other USD pair is still strong?

Funnymentals: Oil is still high and equities haven't collapsed

Could this be bond?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad daily.gif Size: 26 KB
Click to Enlarge Name: usdcad weekly.gif Size: 24 KB
1 trader viewing now