Strat's Long Term Stress Free Trading

Good day everyone, Strat

Nice bearish outlook on USDJPY with both Bosses aligned. First stop 84.7?

We 'll see..

R.

SR at 84

Greatly appreciated!

SR all the way back to 1995? Lets see if history repeats itself.

Hello,

EURAUD surprised me today and got my attention. After 1 year + of strong bearish action Boss gave us couple of strong bullish bars indicating that something is up to change, or was it big boys unloading their super large positions? After unloading some a week of May15th, price was taken down again, then big boys unload another part of their positions on week of June 27th. Is the trend about to change?
Yesterday price on Worker gave me a hammer looking bar after closing below support of 1.4330 . The hammer low coincided with my worker DSRI line and I expected today to be a bullish bar bringing price above the support line back to the triangle.
Today, price attempted to go back to the trading range it was for the last month, but was rejected by support turned resistance and was sent down. After New York open price tried again to tackle this resistance with more buying pressure and this time it was able to reach Worker 20 and 50 that are very close together and price then was again strongly rejected down below the resistance line giving me shooting star looking bar or is this inverted hammer as price on worker was moving down to produce this bar.

The Worker 20 and 50 are above the bar. Price is below the Resistance that proved it has some power. We also have a shooting star bar that could send prices to psycho 1.40 and possibly lower.

Big Boss is down, Worker in consolidation with 20 overhead.

Waiting for comments.

Well kaunasny,

I am just started to follow the path and this is my first post here.

But for me, the immediate WORKER trend is currently sideways. So everything can happen. We should train our patience until the price breaks out of the control candles on the BOSS chart.

Kind regards.

Hi Kaunasny,

My first thoughts on this bar are indecision. I would like for price to give us a better breakout and pullback with better PASR to feel good about this trade.

If you were to trade this it would not be in line with the teachings of this thread and basic PASR.

All in all we are looking to take the least amount of risk as possible and this trade does not meet that criteria.

There are a few pairs that are trending quite well at the moment. Take some time to take a look at them and post any question you have here.

You seem to be off to a good start for only reading the first 100 pages. Keep reading and understanding and posting questions as you go.

Big Boss stopped going down but until it starts moving up or continuing the down trend I wouldn't trade this pair. The Big Boss controlling candle is May's. Until the extremes of that candle are taken out, I'm not interested in this pair.

The Boss is in a mess with all those IBs. The controlling candle on the Boss is the candle from 16 May. I cant get any directions from Boss for now. Boss momentum is slowing down.

With no directions from bosses, worker is waiting. The MAs are horizontal which means there is no momentum i.e. the worker is not moving. Can't trade a non moving pair.

The price might go to 1.40 and give you profit but from my experience, trading yesterday's doji (it's a doji on my chart not a SS) is risky and it doesn't look like a strong sell signal.

If this is the best pair that you can find to trade then you must be DESPERATE to trade. This pair is as sick as a parrot - totally directionless - even the big boys are not messing with it.

Jul 4, 2010 11:41pm
Banksia
Member
Member Since Sep 2009
13 Posts

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Thanks Garrye for trying in the past to warn people about joining Jacko's group. I could never quite understand why so many people stridently supported him. I paid $700 in October last year only to find out that I could trade better than someone I was paying to teach me. I am more angry at myself than him for allowing myself to be conned.

You can learn all you need to know about trading for free on the internet from threads such as Strat's and James 16, combined with a lot of hard work.

Good luck with any class action.

Cheers,
Banksia

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Aug 16, 2010 10:24pm (13 hr ago)
miracle16
Member
Member Since Mar 2010
10 Posts

http://cdn.forexfactory.com/images/icons/icon1.gif willing to help
hi everybody. have been following this thread once in a while although it has de-generated into worthless bickering since 4-5 mths back. however i've been reading it daily ever since this fiasco started. honestly i'm dumbfounded and shocked to discover that this could be one large ponzi scheme

i'm not sure whether there're any fellow singaporeans here. but forexfactory has treated me well with threads by other mentors such as strat and james16. feel its time to give back and help a little. if anyone needs to verify any residential/office addresses or phone numbers like the HK guy did i'll be most willing to offer my services

from the looks of things i believe it should be a group of ppl running the show which could explain his blog being updated daily but any form of communication to investors have broken down.

another alternative could be to track down this Mr Chan who claims to have seen jacko by any means possible and get a lead from there.

hope all investors see the light at the end of the tunnel soon and get your funds back.

good luck

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Its well deserved! You have spent many many hours on your posts and its great to see others have taken notice as well.

I've been focusing on your Strat's Bootcamp exercise for the past few weeks and my PA skills are slowly improving. Thanks again for sharing with us. Cheers.

John

I thought I'd share a losing trade with you all for analysis. I traded long usdcad on the second hammer. I have often seen this 'bond' hammers go on and give handsome rewards. Like Strat, I waited on the first hammer for another positive sign and a HL. I saw the second hammer as a good chance to join the potential new trend up. Entry was above hammer and stop below base (141pips) so well within the Risk management I use.

I thought the weekly was in line as we had a swing low in place but I guess this shows not to mess with the Big Boss as that was showing a BEEB. Just goes to show the power of the higher TFs and how the market will bite you if you ever forget who's in charge!! I also chose to ignore the longer term resistance above the hammer in the form of the monthly DSRI line and the smaller downtrend line. Eager to trade I think the analysis could have been written?

Hi Grimweasel! I just want to thank you for this no ego post!

Hey John, where did you find the bootcamp exercise?

I saw the second hammer as a good chance to join the potential new trend up. Entry was above hammer and stop below base (141pips) so well within the Risk management I use.

Danny boy - what on earth were you thinking or smoking? A quick eyeball of YOUR chart tells you its in a downtrend confirmed by LHs PLUS that ain't NO HAMMER! Then you have a rejection of PRICE by your down TL. Everything is DOWN.

What is a hammer like candle at R and at the top of a trend? A bloody hanging man!

I thought the weekly was in line as we had a swing low in place but I guess this shows not to mess with the Big Boss as that was showing a BEEB. Just goes to show the power of the higher TFs and how the market will bite you if you ever forget who's in charge!! I also chose to ignore the longer term resistance above the hammer in the form of the monthly DSRI line and the smaller downtrend line. Eager to trade I think the analysis could have been written?

Very disappointing Danny boy! If you weren't so busy on your studies, guess where I would send you!

Hey Grim,
Thanks for the post! You must have read my mind as I was preparing a post similar to yours but I was lacking the courage to post it. It makes me feel better about the awful trade I just made.

I’ve been on a streak as of late and decided that I was responsible enough to start trading a higher dollar per pip amount. So I put 10 bucks on the line over a 200 pip stop divided into 3 lots as per my usual plan and saw an entry on the chfjpy august 9th candle. I looked to the weekly and saw bearish pa, looked to the daily and saw a lower high about to form with a bounce off the 50 and a tail to trap the longs into the trade with a close below resistance. Ah ha thought I, got ya. Entered 10 pips below the candle and took first profit at 81.10.

Now here is where the wheels started to fall off; normally I would go to break even. But looking at the nice bearish bar I thought hey I’m Mr. Fancy Pants I’ll go for the real deal and be fearless (and whatever other BS I told myself) so as you can guess I had already failed as I didn’t follow my normal plan. So next bar is strongly bearish and I think hey fat city but time for a bit of profit taking right?

Next bar the wheels fell right off. I have never had a big bar go against me like that while in a trade. Either I’ve been lucky or far enough in profit that it hasn’t mattered. So Now I’m sitting at a loss with the remaining 2 contracts pondering that these have to be new buyers due to fib and whether to get out at a break of the now bullish engulfing bar. Thoughts like I must have missed a major resistance and see you don’t know what you’re doing hot shot… i.e. a battle with my little people begun in earnest. So watching the hanging man, then Sunday bar and early Monday morning I saw the bullish candle zipping away and I cracked. Closed my trade in disgust and at a loss.

Now the loss didn’t bother me as much as my falling apart in the trade. I had absolutely not planned for that bullish bar. I didn’t go to break even at first tp. My second tp was very far away (78.77 ish). I didn’t allow the Monday bar to close as in my mind I made the excuse that I had already lost and closed the trade out manually. Ack.

There are a myriad of other things that were wrong with this trade and I’m sure some of you may point them out. However, I just thought I’d share that although I’ve read the “walking on water” adage several times in the thread that part of the path had not happened to me yet. I had not had a real battle with my little people yet either as most of the time I was winning or had very small controlled losses.

The biggest plus for me to this story is that PASR worked it was me that didn’t.

It is my hope that this post will help others if they are suffering in silence or are on a winning streak and are starting to “walk on water”. Cheers.

John

Hey sentinel,

Give me a bit. I have to put the little one to bed and my Boss is giving me grief for typing that last post up. I'll try and find the post # tomorrow. Good night. Cheers.

John

Post #4499 and the others surrounding it will be where you will find the related posts. Cheers.

John

This is what I wrote elsewhere:

OK, I am very biased but even after all these years, there is nothing more satisfying, trading wise that is, than seeing PRICE get stopped dead in it's tracks on our SR lines. I have so many pairs that have stopped or been rejected at SR that even to a CONTROL freak, it's pretty amazing.

I hope you are all seeing the same thing.

And, of course, CHFJPY went from 84.50 R to smack on S at 80.50, not in a straight line as it had to go through the Strat "wobble", but triple pips per lot in 26 stress free days.

Sounds like another victim trying to trend trade!

At least you don't have holes in your hands and feet!

Next time, pay ATTENTION to the Bosses and, you might want to look to your left at the big red thing on May 6.