Strat's Long Term Stress Free Trading | Page 681 | 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

  • #13,601
  • Aug 19, 2010 3:06am Aug 19, 2010 3:06am
Quoting glasso
Stewrigh,
I see strong brearish candle and also BEEB, but 17/08 candle closed at support.
I see full cycle LL-LH for trend change on your chart.
What support? Thats why we wait for the 18th to SEE what PA is gonna do - And its going down - lol..
  • #13,602
  • Aug 19, 2010 3:32am Aug 19, 2010 3:32am
Quoting stewrigh
What support? Thats why we wait for the 18th to SEE what PA is gonna do - And its going down - lol..
Stewrigh,
I see minor support at 1.6030 + 50SMA and 100EMA below.
I consider this support because of hammer 5th
Attached Image (click to enlarge)
Click to Enlarge Name: worker.gif Size: 16 KB
  • #13,603
  • Aug 19, 2010 3:45am Aug 19, 2010 3:45am
Quoting stewrigh
What support? Thats why we wait for the 18th to SEE what PA is gonna do - And its going down - lol..
That'll teach me - soon as I wrote this some BS news spiked price -
  • #13,604
  • Aug 19, 2010 3:13pm Aug 19, 2010 3:13pm
[quote=glasso;3959478]
Boss:Last week candle formed BEOB
You mean BEEB
and closed near support 1.5480,below 50SMA
Boss closed above 50 at 15606 on my data feed last week, may be yours closed below 155
Worker: I see higher lows and higher highs and then price recorded a lower low.
I am trying to find LL, may be i need to change my glasses
My plan:
- If price pullbacks and make a lower high then break support 1.5480 form a new lower low, I'll go short with PASR.
- If price go up and close above higher high at 1.5992, I'll go long with PASR.
I like your plan, very good keep it up, I will go long above recent high and above 160, I don't know about short yet.
  • #13,605
  • Aug 19, 2010 7:13pm Aug 19, 2010 7:13pm
Good morning everyone!

Thought I'd share my analysis on the CAD/JPY pair. Any comments would be appreciated!

BIG BOSS:

http://img837.imageshack.us/img837/3649/cadjpym.jpg

BIG BOSS 20 is below the BIG BOSS 50 - still bearish. Immediate trend as well as longer term trend looks bearish. Rejected BIG BOSS 20 in June and July.

BOSS:

http://img638.imageshack.us/img638/6685/cadjpyw.jpg

Has been making Lower Lows and Higher Lows since mid-April. Boss 20 just crossed the Boss 50 from above - bearish.

WORKER:

http://img842.imageshack.us/img842/2891/cadjpydd.jpg

20 below 50 and trending downwards. 20 acted as resistance a number of times. Yesterday's BEOB rejected my trendline as well as Worker 20. It has also closed below my support at 82.40 and rejected my resistance at 82.95. Support of 82.40 is also the 50% fibonacci retracement level using closing prices.


TRADING PLAN:

Go short 10 pips below the BEOB @ 81.66. Stop loss 10 pips above the BEOB @ 83.59.

Risk = 193 pips

TP = 79.50 (next support level as well as confluence with Fibonacci 61.8%)

Reward = 216 pips.

--

Equity = $1,000
Risk = 2%
Lot size (mini lots) = $20/193/0.1 = 1 lot.

Why should I take this trade?
Seems like the stars are aligned for this trade, IMO. I have rejection of MAs and TL, LLs and HLs, breach of support and fibonacci as well as PA.

Why should I not take this trade?
My data for CAD/JPY for some reason only goes back to 2001. Perhaps there are other support and resistance areas I'm not aware of - "PA blind".

The reward to risk ratio is not that high. Barely above 1:1.

Any comments would be appreciated. Thanks team! (although it would be nice if I could really be in the team.. have to bring up my post count to PM the registrar)
  • #13,606
  • Aug 19, 2010 8:46pm Aug 19, 2010 8:46pm
Quoting pahlawan
Good morning everyone!

Thought I'd share my analysis on the CAD/JPY pair. Any comments would be appreciated!

BIG BOSS:

http://img837.imageshack.us/img837/3649/cadjpym.jpg

BIG BOSS 20 is below the BIG BOSS 50 - still bearish. Immediate trend as well as longer term trend looks bearish. Rejected BIG BOSS 20 in June and July.

BOSS:

http://img638.imageshack.us/img638/6685/cadjpyw.jpg

Has been making Lower Lows and Higher Lows since mid-April. Boss 20 just crossed the Boss 50 from above - bearish....
Has been making Lower Lows and Higher Lows since mid-April. Boss 20 just crossed the Boss 50 from above - bearish.

Lower Highs (LH) NOT Higher Lows

Why should I not take this trade?
My data for CAD/JPY for some reason only goes back to 2001. Perhaps there are other support and resistance areas I'm not aware of - "PA blind".

Selling direct into immediate support at 81.35

This pair has been in this trading range for 16 months - a body in motion continues in motion (direction) unless acted upon by an external force

Therefore there is NO PA until there is a strong close below 81.35
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,607
  • Aug 20, 2010 1:09am Aug 20, 2010 1:09am
Sometimes things just don't go according to plan.

I thought this was a perfect set-up but then we had some good numbers out of the UK and...... "s**t happens".

Trouble is I know what I did wrong and I'll probly do it again - I never learn - lol.

I'm still in this trade and I'm gonna wait on it bcos I think it'll turn(another rule I've broken - thinking!!) - I'm also getting positive interest from it so I'll just let it run.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.jpg Size: 114 KB
  • #13,608
  • Aug 20, 2010 1:25am Aug 20, 2010 1:25am
Quoting strat
Has been making Lower Lows and Higher Lows since mid-April. Boss 20 just crossed the Boss 50 from above - bearish.

Lower Highs (LH) NOT Higher Lows

Why should I not take this trade?
My data for CAD/JPY for some reason only goes back to 2001. Perhaps there are other support and resistance areas I'm not aware of - "PA blind".

Selling direct into immediate support at 81.35

[color=black]This pair...
Thank you for your reply. After 900 pages I find it fascinating that you're still willing to help beginners like me. Your work and good deeds will not be forgotten!

Regards
  • #13,609
  • Aug 20, 2010 1:42am Aug 20, 2010 1:42am
Quoting pahlawan
Good morning everyone!

Thought I'd share my analysis on the CAD/JPY pair. Any comments would be appreciated!
The reward to risk ratio is not that high. Barely above 1:1.
You will be going short into BOSS support. This pair has just been trending sideways and slowly downwards.
On the BIG BOSS the May/June are the controlling candles and these need to be broken for a significant move. If BOSS support is broken then you have BIG BOSS support a mere +100 pips away.
Be patient on this one as there are better pairs to look at.
  • #13,610
  • Edited 2:56am Aug 20, 2010 2:54am | Edited 2:56am
Hi Start and all members of this thread.

Yep I am one of those nasty lurker types - but I am determined to cure that nasty illness in this thread at least, because of all the threads I have visited in this and many forums, this one makes the most sense and has me listening.

I am sure Strat will immediately look at my profile and see I have been a member at FF for nearly as long as I have been trading, but only posted 4 times. Mainly as I have not earned the right in my own mind to be able to comment in most threads but also because I dont want to be one of those free lunch kinda guys! No trade signal requests from me, but I fully intend to ask questions where needed and post ideas as I see them - once I have read and understood the whole thread.

I actually first visited this thread quite some time ago after a friend in another place sugested I look over the James 16 thread (I have not read all that thread but have read and for the most part understood the attachments etc - learning is a long journey and needs investment in time) and have Jackos house of pain ready to look at once this one is read. But (close your ears Strat) I admit to first flash reading the first 50 pages and then go to the end, but immediately saw the error of my ways and for the last few weeks have diligently read back over the first 150 pages - and will be continuing to read all posts until I catch up.

That is probably enough from me to start with, and I will post more of an introduction over the next few days, and to share some of my experiences - the good the bad and the downright ugly and the things I have learned along the way which I hope will be of interest.

What I wont do is post directly on this method until such time as I feel that I am pretty up to speed - which may yet take some time!

Sorry for the longer initial post - unfortunately I rarely use one word when one thousand will do!

Good trading all

Graeme
You can NEVER stop learning
  • #13,611
  • Aug 20, 2010 5:23am Aug 20, 2010 5:23am
Strat's forks and other farming tools on R.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.JPG Size: 269 KB
  • #13,612
  • Aug 20, 2010 5:45am Aug 20, 2010 5:45am
Quoting pahlawan
Thank you for your reply. After 900 pages I find it fascinating that you're still willing to help beginners like me. Your work and good deeds will not be forgotten!

Regards
Hi pahlawan,
Wait for the breakout of the squeeze.
Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy20082010.gif Size: 14 KB
  • #13,613
  • Aug 20, 2010 5:51am Aug 20, 2010 5:51am
Quoting advfn2828
and have Jackos house of pain ready to look at once this one is read.
Hi Greame,
There is only pain left and all the pleasure has gone in Jackos thread. It is enough to just read and understand this thread and you will get what is necessary to be successful.
  • #13,614
  • Edited 7:27am Aug 20, 2010 6:18am | Edited 7:27am
Quoting stewrigh
Sometimes things just don't go according to plan.

I thought this was a perfect set-up but then we had some good numbers out of the UK and...... "s**t happens".

Attachment
Hi Stewrigh,
I think the reason for me not going short on the pair was recent HH/HL, price [EDIT] above MAs and yesterdays small hammer off 20(which I wanted to go long but because of GU & 16+16 pips spread i didn't).
Before I go short I want to see LH as it has huge potential for downside. But again it just me and by the time I finsih writing it will go on your way.
  • #13,615
  • Aug 20, 2010 6:28am Aug 20, 2010 6:28am
Wellies?
  • #13,616
  • Aug 20, 2010 6:30am Aug 20, 2010 6:30am
Quoting simpleman
Hi Stewrigh,
I think the reason for me not going short on the pair was recent HH/HL, price below MAs and yesterdays small hammer off 20(which I wanted to go long but because of GU & 16+16 pips spread i didn't).
Before I go short I want to see LH as it has huge potential for downside. But again it just me and by the time I finsih writing it will go on your way.
Hi S,

Yeah I know the spreads bad, but this is a long term play so I'm not too bothered.
  • #13,617
  • Aug 20, 2010 7:21am Aug 20, 2010 7:21am
Quoting Rubens PP
Strat's forks and other farming tools on R.
I think a translation is in order as I haven't a clue what you are talking about
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,618
  • Aug 20, 2010 7:24am Aug 20, 2010 7:24am
Quoting advfn2828
Hi Start and all members of this thread.

Yep I am one of those nasty lurker types - but I am determined to cure that nasty illness in this thread at least, because of all the threads I have visited in this and many forums, this one makes the most sense and has me listening....
I recognise your monicker but won't hold that against you (said the actress to the Bishop!)

Demonstrate your understanding of PASR by posting your analysis, comments and views etc., on here and we will upgrade you from lurker to student. We may even invite you to better things!
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,619
  • Aug 20, 2010 7:27am Aug 20, 2010 7:27am
Quoting pahlawan
Thank you for your reply. After 900 pages I find it fascinating that you're still willing to help beginners like me. Your work and good deeds will not be forgotten!

Regards
I will always help those who demonstrate a serious committment, desire and devotion to learning how to trade.

I will always ignore lurkers, trolls, free lunchers, wankers, know it alls and thread hoppers
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,620
  • Aug 20, 2010 7:59am Aug 20, 2010 7:59am
Quoting strat
USDCAD approaching Strat Wobble - will she or won't she?
Still to early to make a call alot of congestion around here but I can hear Queen ringing in my ears to "I want to break free"!!!
The MA's are gonna fight this one out on all TF's will follow Dr Joe on this one.


Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_ksd.gif Size: 51 KB
2 traders viewing now