Strat's Long Term Stress Free Trading

You're absolutely right,

The way I trade I'm much more comfortable following the longer term trends - I like to add to my positions and I'm more comfortable doing that if I'm looking at the long tf's. I love pullbacks and retraces bcos they offer great opps to get in at better prices,

To answer your question I've been short Usdchf since June, and I've been adding on pb's.

Yep I know Strat - maybe you should regard me as the recalcitrant, disruptive pupil, who always sits at the back of the class, unwilling to tow the line and always questioning the teacher - lol.

Anyway, some time ago you expressed an interest in the way I trade, just thought I'd share.

The timeframe is important to the line in the sand also, especially in markets prone to stop running. One needs either a lerge account and a steady nerve or a flexible mind and a synthesis of multiple timeframes.

Just wanted to say hello to Strat and the rest of the team. I did what you said Jideck. I took two weeks off, which included hiking in the beautiful Canadian Rockies! Well, back to page one. Trade safe people.

As many are aware, FF has been hit with yet another scandal on the Jacko thead. In almost exact parralel to prior scandals on the FF site, that thread demonstrated a pattern of postings with apparent goodwill, followed by a money request and then a period of unexplained inactivity from the thread starter with a subsequent discovery of embezzlement.

Given that I will not be posting here as often, I would bid readers to be cautious regarding fanciful claims, unproven track records, and requests for fees/fund support. Forex is a nasty business. As a long time trader of somewhat good fortune, I realize how hard it is to achive success, and that many turn to a simpler matter of selling ideas, whether they work or not. I remember pointing out long ago to a friend on FF that Jacko made his claim to fame trading EURUSD when that market was unidirectional. Times changed. Caveat emptor.

no need to be so down as of that.
are you gonna post on other forums?

Yen is showing signs of a possible trend change.

Out of all of them i think AJ looks the strongest with CHF/JPY and GJ looking like they have a chance as well.

Yes Craig i only monitor AUDJPN of the yens. I was looking for good PA at 75 but it was not to be. The boss is definetely very supportive of such a move imo with the almost hammer looking bar (closes in half hour on my data). Maybe 77.50 may offer some PA to get on board? We shall see.

ps i am only looking for the basic PA from S to 1st R.

Attached graph is the worker

Yes Lee, i will be looking for PA around that area as well.

Lots of interest in the 1040 price level on the S&P 500.

Watch out for BOJ intervention!

Japan central bank acts on stronger yen

http://news.bbcimg.co.uk/media/image...0_48915531.jpg The strength of the yen against other currencies is a worry for the Japanese economy
The Bank of Japan (BOJ) has announced measures to boost lending aimed at combating the rising value of the yen.
Following an emergency meeting, the central bank said it would increasing lending to commercial banks by 10 trillion yen ($117bn; £75bn).
The measure is designed to stem the value of the currency, and boost lending to businesses.
Meanwhile the Japanese government has announced its own plans for a 920 billion yen stimulus package.
Prime minister Naoto Kan said ministers had agreed a plan to fight the rise in the yen, as well as to try and counter weakness in some economies - especially the US and in Europe - that buy Japanese goods.
Analysts fear the rising yen is undermining the country's fragile economic recovery.
Continue reading the main storyAnalysis

Roland Buerk BBC News, Tokyo
"I hope Tokyo will hear our cries for help."
That was how the boss of Suzuki, Osamu Suzuki, described the pain Japan's exporters have been feeling because of the high yen, and their desire for something to be done.
When making their plans for the year, many companies had been betting on the yen staying at about 90 to the dollar.
So when it hit a 15-year high of 83 yen, it bit deeply into their profits.
Politicians have been leaning heavily on the Bank of Japan to act.
But the Bank has made little more than a show of willingness, and the ball is now back in the government's court.

A strong yen makes exports less competitive overseas. It also reduces the value of profits made abroad when they are repatriated to Japan.
In a statement, the BOJ said its decision to boost its low interest bank loan programme meant 30 trillion yen was now available for lending.
"The bank believes that the monetary-easing measure, together with government efforts, will be effective in further ensuring Japan's economic recovery," it said.
Yen rises again The BOJ hopes that increasing the amount of loans available will reduce market interest rates, curbing rises in the yen.
Last week the currency hit a 15-month high against the dollar - potentially a significant problem for the Japanese economy which relies heavily on exports for growth.
A recent government survey suggested that many companies in Japan were considering moving production overseas if the yen remained strong.
The BBC's Tokyo correspondent Roland Buerk said that the bank's Governor, Masaaki Shirakawa returned from the United States a day earlier than planned to handle the currency crisis.
Continue reading the main story JAPANESE YEN V US DOLLAR

Last Updated at 30 Aug 2010, 04:10 ET *Chart shows local time http://www.bbc.co.uk/news/business/m...bel_spacing=30 ¥1 buys change % 0.0118 + +0.0001 + +0.60 More data on this currency pair
Our correspondent added that doubts persisted about whether the latest measures would have much effect, given that Japan was mired in deflation.
Japan's economic growth has also continued to be sluggish, slowing to just 0.4% at an annualised rate in the second quarter of the year.
Recent data suggests that China is poised to overtake Japan as the world's second biggest economy.
The markets appeared unimpressed by the BOJ's actions.
The yen gained ground against all major currencies following the announcement, after seeing some falls before the bank met.
Analysts suggested investors were looking for much stronger action from the BOJ.
The Nikkei 225 index of leading Japanese shares ended the day up 1.8%.

Hi all,

I am just another (ex)-lurker who signed up to the path of learning and I have just decided to come out of the box and post my first charts trying to analise them according to this threads methodology:

So here we go with EURUSD:

Weekly:
Price is well below the 20, 20 and 50 are pointing south. Last weeks hammer which was rejected by support at 1.2600 has not been confirmed , price looks like it wants to retest support again and 1.2600.

Daily:
Broken trendline 20th august and since then price has not managed to close above the 50, with the 20 pointing south and just about to cross the 50. Looks like we see LL (16.08-24.08) and LH (18.08 + 27.08). Todays candle is already a BEEB, BUT there is the support area between 1.26 and 1.2530 in the way down to the support at 1.21 which has to be cleared, and which stops me from placing a short order tonight.

Comments are welcome, and I'll try to post more analis from now on.

I´ll wait for PA between 1.26 and 1.2530 before I decide to go short here.

Hello ehlmasmas

My guess is for now PRICE is laying on S.

What are these vertical lines on your charts? Are they time assosiated? Do you mesuare time?

R.

Hi R.

those vertical lines are weekly period lines....they help me putting the daily bars into weekly perspective. No, I dont measure time.

Daniel

Since silence dominates the thread today.. I 'd say..

LONG EURGBP since last weeks' triple bottmon on 81.5ish

Also looking to SHORT GBPCHF 1.5880- 1.590 since Weekly TL is broken.

Comments more than welcome..

R.

GBPCHF is at S at the bottom of her range.

The Boss does not have a TL she is stuck in a range

Thank you Strat,

When experience talks all else seizes..

Anyway this is what I saw on my charts.

R.

Hello guys, bond SS is a hammer then? And what bond and ss stay for precisely? They sound new to me. Anyone can help me, please?
thanks
Max

URCHF Monday 30 August

PASR

Worker: i) BEOB covering last 3, and almost 4 bars.
ii) Broke and closed below S (all time previous low) at 1.3072
iii) At all time low
iv) EMAs steeply down and diverging indicating still lower prices to come.

Boss: i) Very bearish bar, no lower wick, sellers in complete control
ii) Broke and closed below former all time low S at 1.3072
iii) EMAs steeply down and diverging indicating still lower prices to come.

Big Boss: Identical to Boss

The 3 time frames are in sync.

Possibilities:
1) Price very far below the 20, so an “Elastic band effect” rally is likely.

2) Very bearish across the time frames indicating still lower prices; but how much lower? Now in “no mans land" without prior SR.

3) When will it stop going down? Would Dr Joe be selling here?