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Strat's Long Term Stress Free Trading

  • #13,641
  • Aug 22, 2010 11:26am Aug 22, 2010 11:26am
Quoting stewrigh
Trouble is the market doesn't know or care what we want.

"If it's going down, I sell until it stops going down" Dr Joe.

Simpleman means he wants an indication of strength before he buys. He's not hoping; he's analyzing and picking the appropriate entry in grand Strat style. It was an appropriate post.

Sure I'll make more if the market goes there, but he'll sleep better!
  • #13,642
  • Aug 22, 2010 12:26pm Aug 22, 2010 12:26pm
Quoting Alexandra
Simpleman means he wants an indication of strength before he buys. He's not hoping; he's analyzing and picking the appropriate entry in grand Strat style. It was an appropriate post.

Sure I'll make more if the market goes there, but he'll sleep better!
Abolutely correct, just analysing in case if it stop going down.
  • #13,643
  • Aug 22, 2010 1:10pm Aug 22, 2010 1:10pm
Quoting simpleman
Abolutely correct, just analysing in case if it stop going down.
Fair nuff
  • #13,644
  • Aug 22, 2010 4:24pm Aug 22, 2010 4:24pm
Quoting MoneyMaker
Yes you can, right click on the line you want and change the properties.
Thanks for the help Moneymaker.

For all others:-
right click platform
go to object list
tick horizontal line you wish to change. (they all have a number, hover mouse over it to get it.)
click edit and change as desired.
PASR student.
  • #13,645
  • Aug 22, 2010 4:27pm Aug 22, 2010 4:27pm
Quoting advfn2828
Hi Strat

I was going to post a chart with analysis for a trade for next week - but I have checked through 17 FX pairs, Gold, Silver and 5 Indexes and cant find anything I like that much.

I am at this stage looking for hammers and shooting stars only, and the closest I could find was a hammer on AUDUSD as price bounces up from the Worker 50 and confluence with BOSS 20 and 61.8Fib of the most recent up move.

The BIG BOSS is a little indecisive and close to recent major highs and significant resistance.

The BOSS is looking like sideways range in...


I was going to post a chart with analysis for a trade for next week - but I have checked through 17 FX pairs, Gold, Silver and 5 Indexes and cant find anything I like that much.

With regard to forex, I don't have anything either so good observation so far

I am at this stage looking for hammers and shooting stars only, and the closest I could find was a hammer on AUDUSD as price bounces up from the Worker 50 and confluence with BOSS 20 and 61.8Fib of the most recent up move.

Yes on your data but nothing like on mine.

The BIG BOSS is a little indecisive and close to recent major highs and significant resistance.

The BOSS is looking like sideways range in formation with a lot of resistance at about .9380 and support at .8790 area. Recent price looks bearish and volume is falling.

Worker is fighting its Boss and Big Boss which is a "no go". Wait for the Worker to turn in the direction of the Boss and Big Boss.

One could place an order above the hammer at say .8955 with a stop below the hammer at .8824 so risk 131 which would be within risk tolerance target 1 could be .9189 - the previous swing high and target 2 .9375 below major resistance so reward 234 at T1 or 420 at T2. So risk and reward OK but here is why this is a no trade to me.

To my novice eyes - BIG BOSS and BOSS are indecisive and too close to major resistance.

I would be trading direct into WORKER 20 and BOSS 50 and major Pscyhe level at .9000.

Correct

So nice PA but not nice hurdles to go long.

What do you make of this novice analysis? My one concern with my chart is the S&R levels.

First notice that the Worker has put in a LL, LH and now an unconfirmed LL - not a sign of PRICE trending up.

Any move up will start out as a retrace and counter to the immediate trend not something a novice wants to do.
As for SR levels, everyone starts out having doubts and difficulty with these which is why you have to put in the thousands of hours studying thousands of charts.

Think of these SR levels as ENERGY which they really are - all the market is energy

Energy has a nucleus where it has its maximum power and the further from the nucleus the less power it has.

At this stage of identifying your SR lines you should be close enough as long as you expect a reaction to theses lines as PRICE approaches it and leaves it. It does not have to be exact. Many times PRICE stops short of these lines and many times PRICE over shoots it.

I think of them as magnets - other people call them areas or zones. Price is being "pulled" to the line on one side and "repelled" (rejected) on the other.

Study thousands of charts and you will SEE this.

Graeme eh? Not your common or garden Graham but the posh Graeme - Hmm
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,646
  • Aug 22, 2010 4:32pm Aug 22, 2010 4:32pm
Quoting strat
[color=Blue][i][b]I was going to post a chart with analysis for a trade for next week -...

Thanks for the feedback Strat helpful stuff.

My name is Scots although I am English - nothing posh about me LOL.

Back to reading more of the thread - and glad I wasnt finding something that wasnt there.

Graeme
You can NEVER stop learning
  • #13,647
  • Aug 23, 2010 1:01pm Aug 23, 2010 1:01pm
IF true and not an "illusion" let us hope for PA

R.
Attached Image (click to enlarge)
Click to Enlarge Name: Mirror EURUSD.jpg Size: 113 KB
  • #13,648
  • Aug 23, 2010 1:26pm Aug 23, 2010 1:26pm
Quoting Rubens PP
IF true and not an "illusion" let us hope for PA

R.
Rubens, I'm not fond of this pattern or a pattern specialist but I think you will find that there is a COMMON neck line for both patterns and that is the horizontal line on your chart where PRICE was when you printed it.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,649
  • Aug 23, 2010 5:37pm Aug 23, 2010 5:37pm
Bonsoir Strat Team,

I wanted to share with you the below potential set up for NZDUSD. Any comment is wellcome!

Big Boss: Bearish rejected by major resistance @ 0,73.

Boss: Immediate trend is bearish. We had a BEEB two weeks ago at major resistance.

Worker: A looking like shooting start rejected by 50 ma. SS closed below Strat shadow.
Momentum is increasing with a 20 ma heading south. LL-LH swings confirmed.

We may see some wobbling around 0,70 & above the Boss 50. It could be an argument not to take the trade.

My plan for PASR is to place a sell stop below SS low. SL above 50 MA.
Trade 3 lots.
Lot1: TP 1 @ 100 pips
When TP1 hit, move SL to BE.
Lot2: Trail it manually above lower swing high.
Target : Next support @ 0,6811.

Voila
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd daily.gif Size: 26 KB
  • #13,650
  • Aug 24, 2010 2:48am Aug 24, 2010 2:48am
Quoting casapips
Bonsoir Strat Team,

I wanted to share with you the below potential set up for NZDUSD. Any comment is wellcome!
Big Boss: Bearish rejected by major resistance @ 0,73.
Voila
I think the July candle is the controlling candle on the BIG BOSS which is the near opposite of the May candle. This shows me that this pair is range bound until PA breaks out of the extremes of these bars. At the moment there seems to be an inside bar forming which means nothing.

Definitely one to watch for a safe entry but not just yet for me.
  • #13,651
  • Aug 24, 2010 3:24am Aug 24, 2010 3:24am
GBPJPY Short

Worker PASR:
1) BEOB covering the Friday bar (20 August)
2) Price broke and closed below S at 131.91
3) EMAs diverging indicating increased downside momentum

Big Boss PASR:
1) BEOB strong downtrend
2) EMAs diverging further indicating increased downside momentum.

Boss PASR:
1) Immediate down trend resumed 8 August
2) Bearish bar, broke and closed below S at 131.91

Immediate Trends:
Big boss, Boss and Worker all in sync.down.

Trade Calculations:
Entry 131.65
Stop loss 133.37
Risk 172 pips Pip value per microlot USD0.12 Trade risk per microlot 172 x 0.12 = USD20.64
TP1 130.65 (entry price – 100pips)
TP2 129.28

Account balance USD9344 2% of account USD186.80 = Account risk
Account risk/Trade risk = 186.8/20.64= 9 microlots
This trade, microlots 3+3+3

Plan: Move SL to BE when TP1 is reached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy monthly 24 august.jpg Size: 111 KB
Click to Enlarge Name: gbpjpy weekly 24 august.jpg Size: 115 KB
Click to Enlarge Name: gbpjpy daily 24 august.jpg Size: 128 KB
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #13,652
  • Aug 24, 2010 6:15am Aug 24, 2010 6:15am
Quoting No1Optimist
GBPJPY Short
Big Boss PASR:
1) BEOB strong downtrend
2) EMAs diverging further indicating increased downside momentum.
By going short you going to hit BIG BOSS SR. I will wait to see how this closes tonight before I go short otherwise I agree with your set up.
  • #13,653
  • Aug 24, 2010 7:35am Aug 24, 2010 7:35am
Quoting kalvind
By going short you going to hit BIG BOSS SR. I will wait to see how this closes tonight before I go short otherwise I agree with your set up.
Hi Kalvind,
The Optimist's TP's have been hit already.

Congratulations, Roger. That's a fast 300. Bradman would be proud.
  • #13,654
  • Aug 24, 2010 8:05am Aug 24, 2010 8:05am
Quoting Raje$h
Hi Kalvind,
The Optimist's TP's have been hit already.

Congratulations, Roger. That's a fast 300. Bradman would be proud.
Awesome trade Roger!!! The PA sliced through the BIG BOSS SR, I was going to watch and see how it reacts at these levels but the momentum was too great as mentioned in the post. The beauty of PASR, it told us the sellers don't want to take a break and the buyers are on holiday!
  • #13,655
  • Aug 24, 2010 9:29am Aug 24, 2010 9:29am
Quoting casapips
Bonsoir Strat Team,

I wanted to share with you the below potential set up for NZDUSD. Any comment is wellcome!

Big Boss: Bearish rejected by major resistance @ 0,73.

Boss: Immediate trend is bearish. We had a BEEB two weeks ago at major resistance.

Worker: A looking like shooting start rejected by 50 ma. SS closed below Strat shadow.
Momentum is increasing with a 20 ma heading south. LL-LH swings confirmed.

We may see some wobbling around 0,70 & above the Boss 50. It could be an argument not to take the trade.

My plan for PASR is to place...
Too much in fighting for me - Boss is fighting Big Boss
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,656
  • Aug 24, 2010 10:24am Aug 24, 2010 10:24am
had some time today. just posting to see if the charts work out

this will be a trade i'll be looking at as all worker, boss and big boss are in sync.

sorry for the different colour schemes.
just helps me see better.
black is sma50 (dotted black sma200)
yellow is ema20 (dotted yellow ema100)

short on the break of worker beob
TP will be 1.0200
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCHFMonthly.png Size: 48 KB
Click to Enlarge Name: USDCHFWeekly.png Size: 51 KB
Click to Enlarge Name: USDCHFDaily.png Size: 50 KB
  • #13,657
  • Aug 24, 2010 10:31am Aug 24, 2010 10:31am
Quoting kalvind
I think the July candle is the controlling candle on the BIG BOSS which is the near opposite of the May candle. This shows me that this pair is range bound until PA breaks out of the extremes of these bars. At the moment there seems to be an inside bar forming which means nothing.

Definitely one to watch for a safe entry but not just yet for me.
Many thanks kalvind for your feedback!
Indeed I haven’t been rigorous enough in analyzing the big picture 'The Big Boss'.
Definitely July is still in control. It gives us more of a ranging type pair.
Too risky for now.
  • #13,658
  • Aug 24, 2010 10:39am Aug 24, 2010 10:39am
Quoting miracle16
had some time today. just posting to see if the charts work out

this will be a trade i'll be looking at as all worker, boss and big boss are in sync.

sorry for the different colour schemes.
just helps me see better.
black is sma50 (dotted black sma200)
yellow is ema20 (dotted yellow ema100)

short on the break of worker beob
TP will be 1.0200
Nothing wrong with that (correlation with EURUSD seems to have flown out the window!) except next time, post white background so that those printing the thread save on inkjet costs.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,659
  • Aug 24, 2010 10:47am Aug 24, 2010 10:47am
Quoting strat
Nothing wrong with that (correlation with EURUSD seems to have flown out the window!) except next time, post white background so that those printing the thread save on inkjet costs.
yes it does seem that way.
can u pls enlighten me on this.

my guess is the correlation of chf to yen seems stronger for now.
  • #13,660
  • Aug 24, 2010 10:47am Aug 24, 2010 10:47am
Quoting strat
Too much in fighting for me - Boss is fighting Big Boss
I appreciate your feedback. I have realized afterwards that this pair is ranging for the moment.
You are raising the fighting aspect which is not obvious for me here. I will work on it so it becomes obvious.
Back to reading and understanding.

Many thanks
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