Strat's Long Term Stress Free Trading | Page 693 | 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

  • #13,841
  • Sep 7, 2010 2:03pm Sep 7, 2010 2:03pm
Quoting strat
Watch out for S at 1.3265

double support: static and dynamic
Attached Image (click to enlarge)
Click to Enlarge Name: ec.gif Size: 17 KB
  • #13,842
  • Sep 7, 2010 2:14pm Sep 7, 2010 2:14pm
Attachment
Quoting hcristea
This pair really looks bearish.

BB is bearish but it is right at S at 106.5
Boss had a confirmed LL 2 weeks ago but it still looks like the bears are in control. Those 2 dojis dont look like reversal.
Worker: we have a IB followed by a big supply bar which broke through support at 107.9 and the small up TL, 20 is coming down supporting the sellers. If today ends up with a strong close then the setup is sell few pips under the low with a SL above the high of the candle from Sep 3.

I dont think I will take this trade because...

expect the closure of the candle
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 16 KB
  • #13,843
  • Sep 7, 2010 2:20pm Sep 7, 2010 2:20pm
Quoting extraneo
expect the closure of the candle
Your LH is a HL but I wouldn't give it a second look as it is reacting off the same S
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,844
  • Sep 7, 2010 2:26pm Sep 7, 2010 2:26pm
Quoting strat
Your LH is a HL but I wouldn't give it a second look as it is reacting off the same S
yes, excuse Start, had switched the characters H and L
now is correct
  • #13,845
  • Sep 7, 2010 4:04pm Sep 7, 2010 4:04pm
I;m back from a great 2 weeks in the Alps.
Getting back into the swing of checking charts regularly.


On CADJPY I thought on of the last two weekly bars was going to brake through the support at 80.00(ish), and hasten the downtrend...it seems they didn't and now from a weekly point of view I am waiting to see whether they act as reversal hanging man bars and show some PA to trade from on the daily.

At the moment the daily is squeezing itself into a corner of a triangle between support and downtrend.
Still getting lower lows and lower highs so unless the triangle is decisively
broken to the upside, I am looking for shorts.



EURCAD - I took the EURCAD short following the weekend - a good first trade to come back from hols too. I didn;t manage to hold it longer then beyond the first days bar (patience, fear, greeed!!) .
I didn't post on it here as although it intuitively seemed to speak to me to go short I couldn't find a 'Strat stress free reason' to take the trade. I took it on a daily reversal BEOB but general weekly and daily trend seemed indeterminate.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cadjpywk1.gif Size: 15 KB
Click to Enlarge Name: cadjpydaily1.gif Size: 17 KB
If you can wait and not be tired by waiting...
  • #13,846
  • Sep 7, 2010 4:14pm Sep 7, 2010 4:14pm
Quoting glyder
I;m back from a great 2 weeks in the Alps.
Getting back into the swing of checking charts regularly.


On CADJPY I thought on of the last two weekly bars was going to brake through the support at 80.00(ish), and hasten the downtrend...it seems they didn't and now from a weekly point of view I am waiting to see whether they act as reversal hanging man bars and show some PA to trade from on the daily.

At the moment the daily is squeezing itself into a corner of a triangle between support and downtrend.
Still getting lower lows and lower highs...
I am waiting to see whether they act as reversal hanging man bars and show some PA to trade from on the daily.

Still suffering from altitude sickness! - you will do yourself some very serious financial damage unless you learn and UNDERSTAND what a Hanging Man bar is, what it isn't, where it should be etc., etc.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,847
  • Edited 4:38pm Sep 7, 2010 4:35pm | Edited 4:38pm
Hi
After a period of two weeks without trading, i entered two trades yesterday i would like to share with you.
EUR US
BB Immediate trend bearish 20 and 50 are down
B Immediate trend bullish but this weeks bar although in its early stages is exibiting bearish signs. Boths 20 and 50 are down. Price has been rejected by 129 R and the 20, although not a confirmed swing high.
W Sell order initiated below BEEB and BEOB and also 20 and 50 which are flat and entwined. This suggests that a possible break out could be significant.
Price rejected by 129 R.

Trade initiated at 127.90
1st TP taken at 127.35. This was due to some S in this area and is similar to ATR 5. Other orders moved to BE.
2nd TP located at 126.50
3rd at 125 S.

This trade has some profit locked in and is protected by BE SL.

GBUS
BB Bearish
B Bearish
W BEOB on R 154.6 area and 20 and 50. 20 pointing down 50 slightly down. Both are converging. Price has failed to breach R at 154.6 for last 6 bars.

1st TP 152.64 move SL's to BE (area of some S)
2nd 1.51.50
3rd 150.32 S

I realise this is not a clear swing high i would normally look for but feel the BB and B are supporting such a move with buyers unable to take the 154.6 R.
I also realise i have doubled my exposure to the US.

Any feed back appreciated but be kind, i am on the path.
(The squiggley line at the botton is the ATR.)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurus daily.gif Size: 56 KB
Click to Enlarge Name: gbus daily.gif Size: 56 KB
PASR student.
  • #13,848
  • Sep 7, 2010 4:38pm Sep 7, 2010 4:38pm
Quoting strat
I am waiting to see whether they act as reversal hanging man bars and show some PA to trade from on the daily.

Still suffering from altitude sickness! - you will do yourself some very serious financial damage unless you learn and UNDERSTAND what a Hanging Man bar is, what it isn't, where it should be etc., etc.

Strat - point taken, and yes I am still recovering a little !!
I meant hammers, not hanging man (not sure where that
came from).
If you can wait and not be tired by waiting...
  • #13,849
  • Sep 7, 2010 5:05pm Sep 7, 2010 5:05pm
Been lurking here forever but it's time I crawl outta the woodwork to express thanks to the Stratman for sharing the knowledge... I have a bit further to go before I have the total confindence to start playing with real money, but I'm inching closer to that point.

(I play guitar as well by the way...never liked Fender's though, the neck just doesn't feel right to me...I'm a BC Rich kinda guy!)
  • #13,850
  • Edited 10:19pm Sep 7, 2010 10:09pm | Edited 10:19pm
NZD vs Yen has been in a 16 month, 1100 pip range from approx 59 to 70.
Price has closed within the May bar on the Big Boss chart and hammer-like weekly candles for weeks starting 22 and 29 August have both tested the lows of the range with the range holding, so far.
Attached Image (click to enlarge)
Click to Enlarge Name: nzd.jpy.monthly.gif Size: 14 KB
Attached Image (click to enlarge)
Click to Enlarge Name: nzd.jpy.weekly.gif Size: 15 KB
Attached Image (click to enlarge)
Click to Enlarge Name: nzd.jpy.weekly.2.gif Size: 16 KB


On the daily, we have close to a double bottom off the 25 August and 31 August bars (7pips difference on my charts). A BUEB occurs on 1 Sept and I see the break of that bar on 2 Sept as an entry to go long targeting approx 63.70

ie entry 60.4
target: 63.70
SL: 58.3

or less than 1:1 R:R
Attached Image (click to enlarge)
Click to Enlarge Name: nzd.jpy.daily.gif Size: 17 KB


I didn't take the trade because of poor R:R

Price is heading down again and I am watching for a better entry off the daily against 58.40 hard stop.
  • #13,851
  • Sep 8, 2010 9:39am Sep 8, 2010 9:39am
Quoting soso
Ok, more details... I posted my views on BB here's for Worker. The defence of 1.35 is visible here too. The icing of the cake was the break AND CLOSE below the bullish trendline.

Might not be enough for others... Or it might turn out to be a loser (I rarely have a month with with more than 50% winners - not counting breakevens).
Reached 1 ATR, so SL to BE at this point. Free ride from now on (if it wants to of course). First TP at 1.3070.

Cheers,
-soso
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad.png Size: 28 KB
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #13,852
  • Sep 8, 2010 10:30am Sep 8, 2010 10:30am
Quoting soso
Reached 1 ATR, so SL to BE at this point. Free ride from now on (if it wants to of course). First TP at 1.3070.

Cheers,
-soso
Good trade soso.
I also took the trade from the BEOB, but closed at the end of the first day.
If you can wait and not be tired by waiting...
  • #13,853
  • Sep 8, 2010 10:45am Sep 8, 2010 10:45am
Quoting glyder
Good trade soso.
I also took the trade from the BEOB, but closed at the end of the first day.
SOSO, I had shorted it in two trades first at 1.3325 to 1.3265 = 58 pips and after that at 1.3254 to 1.3225 = 28 pips. Now again sold at 1.3196 for tp 1.3070, may be til 1.3020!!
  • #13,854
  • Sep 8, 2010 10:49am Sep 8, 2010 10:49am
Quoting behman8850
SOSO, I had shorted it in two trades first at 1.3325 to 1.3265 = 58 pips and after that at 1.3254 to 1.3225 = 28 pips. Now again sold at 1.3196 for tp 1.3070, may be til 1.3020!!
For this trade I want to Thank JudyLA at post of sept 5. Thanks Judy.
Bomi
  • #13,855
  • Sep 8, 2010 10:58am Sep 8, 2010 10:58am
First things first thank you strat for setting up this thread.

I have been learning forex now for about 10 months and seem to becoming more addicted to it every time I look at a graph!!!

This was just a quick message to say that although I seem to be lurking at the moment watching from the side lines, I am just trying to read through the whole of this thread. I have a lot of catching up to do however i am just taking my time because i don't want to miss anything!!

I will be getting involved in the near future

Thanks again
  • #13,856
  • Sep 8, 2010 11:22am Sep 8, 2010 11:22am
Bonjour Strat and All,

Similar to my student fellow advfn2828, I wanted to share with you my progress. It looks like we have both the same pace as I have just only reached page 300. I intend to experiment the 5 mins chart exercise. Merci Strat!

Strat was right, reading the thread is not a big deal but understanding is very challenging. It will take me a little more time that expected. Quality first!

Strat’s pedagogy approach “Learning by doing & experimenting” is brilliant. The PSAR toolbox is simple but to come up with the correct analysis based on many inputs is challenging.

In parallel of reading & understanding, I am applying the PSAR toolbox together with a multi-position trading plan on demo.

Most of the time, I have found reasons not to grade because all indicators on my PSAR dashboard were not Green/OK. I am learning also discipline in making it mechanical.

Actually, the first trade I took was on the 25/08/10 on the USDCHF pair. It was a profitable short trade, 3 positions, which became rapidly a Free trade and Stress Free.

PSAR works!

Back to studying and I will do my best to contribute in parallel.

All the best to you guys!

Aziz
  • #13,857
  • Sep 8, 2010 12:10pm Sep 8, 2010 12:10pm
you should post a chart, so others can see what you meant exactly..
  • #13,858
  • Sep 8, 2010 1:30pm Sep 8, 2010 1:30pm
GBPCAD

BigBoss: in a overall down trend the BB looks like its hooking down from R at 1.64

Boss: Price hit R 1.65 and couldn't close higher. 50 is enforcing the R at that RN. Then, last week took the low of the doji from Aug 22 confirming it as a swing high. Then, this week the low of the doji from Aug 15 was also taken out (a new LL). Boss is ready IMO for a trip down towards S @ 1.55.

Worker: Now looks like a SS but I'll wait and see what will look like at NY close. But the worker seems to support Boss intentions. We have a LL and 20 is hooking down, 50 is turning horizontal. Anyway, I'm waiting to see how today's candle will end.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpcad_bb_08.09.png Size: 29 KB
Click to Enlarge Name: gbpcad_b_08.09.png Size: 28 KB
Click to Enlarge Name: gbpcad_w_08.09.png Size: 33 KB
  • #13,859
  • Sep 8, 2010 1:33pm Sep 8, 2010 1:33pm
Quoting Goddard
First things first thank you strat for setting up this thread.

I have been learning forex now for about 10 months and seem to becoming more addicted to it every time I look at a graph!!!

This was just a quick message to say that although I seem to be lurking at the moment watching from the side lines, I am just trying to read through the whole of this thread. I have a lot of catching up to do however i am just taking my time because i don't want to miss anything!!

I will be getting involved in the near future

Thanks again
Are you sure you are on the right thread? This thread is for teaching students to learn long term stress free trading (Daily time frame and up) not how to Crash and Burn (M5)


Hi, I am sorry if this seems a stupid...
Posted Mar 19, 2010
Hi, I am sorry if this seems a stupid question but please bear with me i have only just started to study forex for about 3 weeks now. I was wondering if someone could tell me how you can back test this system on metatrader 4? It may have already been posted on here but I could of missed...
Forum: Trading Systems Thread: The Force 5min system
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,860
  • Sep 8, 2010 1:47pm Sep 8, 2010 1:47pm
Quoting casapips
Bonjour Strat and All,

Similar to my student fellow advfn2828, I wanted to share with you my progress. It looks like we have both the same pace as I have just only reached page 300. I intend to experiment the 5 mins chart exercise. Merci Strat!

Strat was right, reading the thread is not a big deal but understanding is very challenging. It will take me a little more time that expected. Quality first!

Strat’s pedagogy approach “Learning by doing & experimenting” is brilliant. The PSAR toolbox is simple but to come up with the correct analysis...
Strat’s pedagogy approach

Bloody hell! So I'm a pedagog now - better not tell the trouble and strife otherwise she will lock me up!

I have been called, and will be called, many things but pedagog is a new one for me!

Pedagogy (pronounced /ˈpɛdəɡɒdʒi/ or /ˈpɛdəɡoʊdʒi/[1][2]) is the study of being a teacher or the process of teaching. The term generally refers to strategies of instruction, or a style of instruction.[3]
Pedagogy is also occasionally referred to as the correct use of instructive strategies (see instructional theory). For example, Paulo Freire referred to his method of teaching adult humans as "critical pedagogy". In correlation with those instructive strategies the instructor's own philosophical beliefs of instruction are harbored and governed by the pupil's background knowledge and experience, situation, and environment, as well as learning goals set by the student and teacher. One example would be the Socratic schools of thought.[4]

Actually, the first trade I took was on the 25/08/10 on the USDCHF pair. It was a profitable short trade, 3 positions, which became rapidly a Free trade and Stress Free.

PSAR works!

It seems, House of Pips, that you are not paying attention in my pedagogy classes!

The method being taught on this thread is:

PASR

As punishment, please write a thousand times:

The method I am studying and trading is Strat's PASR

15 YEARS OF PASR ON FOREX FACTORY!
66 traders viewing now