Strat's Long Term Stress Free Trading | Page 694 | 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

  • #13,861
  • Sep 8, 2010 1:50pm Sep 8, 2010 1:50pm
Quoting hcristea
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:...
It needs to close below 1.5878 FIRST for a stress free trade.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,862
  • Sep 8, 2010 2:06pm Sep 8, 2010 2:06pm
Quoting strat
It needs to close below 1.5878 FIRST for a stress free trade.
Thank you Strat for comfirming my thinking. Good spot Hcristea.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad-09-08-10.gif Size: 15 KB
  • #13,863
  • Sep 8, 2010 2:18pm Sep 8, 2010 2:18pm
Quoting strat
It needs to close below 1.5878 FIRST for a stress free trade.
If I'll go for a SHORT, 1.5878 looks like a good price to put my 1st TP. I mean near that level for those first 100 pips.
  • #13,864
  • Sep 8, 2010 2:22pm Sep 8, 2010 2:22pm
Quoting hcristea
If I'll go for a SHORT, 1.5878 looks like a good price to put my 1st TP. I mean near that level for those first 100 pips.
But you have no idea what is going to happen at 1.5930
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,865
  • Sep 8, 2010 2:23pm Sep 8, 2010 2:23pm
Quoting patrick25
Thank you Strat for comfirming my thinking. Good spot Hcristea.
Hi Patrick!
I see your 2 SR levels. I also have them on my chart. What about the worker R at 1.62? Doesn't look as a meaningful R also?
  • #13,866
  • Sep 8, 2010 2:29pm Sep 8, 2010 2:29pm
1.5930? hmmmm......

I dont see this level on my worker. I see it on H4 though....
  • #13,867
  • Sep 8, 2010 2:33pm Sep 8, 2010 2:33pm
Quoting hcristea
1.5930? hmmmm......

I dont see this level on my worker. I see it on H4 though....
Not H4 - on the Worker and it stands out like a sore thumb if YOU remember what I told YOU not to forget
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,868
  • Sep 8, 2010 2:45pm Sep 8, 2010 2:45pm
Strat, you told us so many great things I'm not sure if at which thing you are refering to. Is it that about the SR levels that act like energy fields?

I see few possible Worker S levels in the zone [1.5930 - 1.59 - 1.5878]
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad_wsr_08.09.png Size: 26 KB
  • #13,869
  • Sep 8, 2010 2:45pm Sep 8, 2010 2:45pm
Quoting hcristea
1.5930? hmmmm......

I dont see this level on my worker. I see it on H4 though....
I think this week's low Strat is talking about.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad08092010d.gif Size: 22 KB
  • #13,870
  • Sep 8, 2010 3:24pm Sep 8, 2010 3:24pm
Quoting behman8850
For this trade I want to Thank JudyLA at post of sept 5. Thanks Judy.
Bomi
Please, don't be a fool. Your "thank you" sounds great but...

This was my first post in this thread. It is a winner but do you know how many losers is behind me?

You must have your opinion and believe yourself. Don't make your trade according to people from thread.

Btw. I'm a big amateur. I believe it's changing (unfortunately very, very slowly).

J.
  • #13,871
  • Sep 8, 2010 4:08pm Sep 8, 2010 4:08pm
Quoting JudyLA
Please, don't be a fool. Your "thank you" sounds great but...

This was my first post in this thread. It is a winner but do you know how many losers is behind me?

You must have your opinion and believe yourself. Don't make your trade according to people from thread.

Btw. I'm a big amateur. I believe it's changing (unfortunately very, very slowly).

J.
Did you profited or not!! I am still in from 1.3196 this morning!
  • #13,872
  • Edited 6:34pm Sep 8, 2010 5:00pm | Edited 6:34pm
Hello all,

For your review I offer this analysis,

EURAUD: Possible trend resumption under way

Big boss: Looks bearish with 2 monthly bear candles and May's controlling candle has been broken

Boss: Sentiment is bearish after several red candles, also has broken the triple bottom on this time frame.

Worker: A clear break through the 1.4000 S

My plan: Wait for retest of the 1.4000 s/r and look for PA to enter safely. I will have to wait for retest of S/R to determine R:R and profit limits since this pair is in no mans land.

Thanks and comments welcome!

Still studying,
Poncho
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraud big boss.gif Size: 15 KB
Click to Enlarge Name: euraud boss.gif Size: 15 KB
Click to Enlarge Name: euraud worker.gif Size: 19 KB
" I can read the left side of the chart, the right side's a Bitch!
  • #13,873
  • Sep 8, 2010 5:28pm Sep 8, 2010 5:28pm
Quoting poncho1
Hello all,

For your review I offer this analysis,

EURAUD: Possible trend resumption under way

Big boss: Looks bearish with 2 monthly bear candles and May's controlling candle has been broken

Boss: Sentiment is bearish after several red candles, also has broken the triple bottom on this time frame.

Worker: A clear break through the 1.4000 S

My plan: Wait for retest of the 1.4000 s/r and look for PA to enter safely. I will have to wait for retest of S/R to determine R:R and profit limits since this pair is in no mans land.

Thank...
It will go Down further. watch out between 8.30 and 10 pm tonight. In my opinion.
  • #13,874
  • Sep 8, 2010 9:04pm Sep 8, 2010 9:04pm
OOOOPS!

I had better practise that mental arithmetic - I mentioned not taking a NZD.JPY long because of what I perceived to be poor R:R (less than one).
If my analysis (that long is in order) is correct, then using the entry, target and SL given in my previous post the R:R is actually OK. [Nobody pointed my mistake out, so I guess nobody is interested in, or monitoring, this pair?]

With the correct R:R in mind I am now long. I took entry off the 4 hour chart attached.
Attached Image



Quoting trogger
NZD...
  • #13,875
  • Sep 8, 2010 9:36pm Sep 8, 2010 9:36pm
GBP.CHF

Looking at BB, B (and worker till yesterday) the time frames appear to be in agreement? Down.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.chf.monthly.gif Size: 12 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.chf.weekly.gif Size: 16 KB


Yeterday produced a BUEB following the doji on 7 Sept. While the immediate (daily) downtrend line has not been breached, I do note that this action is occurring at an important level (close of the Dec 08 bar and end of the 08 run down). Maybe this is signaling the end of the current downtrend?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.chf.daily.gif Size: 14 KB


R:R is reasonable, so this would warrant a long on an upside break of the BUEB of 8 Sept targeting 158.8 versus a SL of 154.20?
  • #13,876
  • Sep 8, 2010 9:40pm Sep 8, 2010 9:40pm
Quoting JudyLA
Please, don't be a fool. Your "thank you" sounds great but...

This was my first post in this thread. It is a winner but do you know how many losers is behind me?

You must have your opinion and believe yourself. Don't make your trade according to people from thread.

Btw. I'm a big amateur. I believe it's changing (unfortunately very, very slowly).

J.
Sound advice , welcome JudyLA!

Poncho
" I can read the left side of the chart, the right side's a Bitch!
  • #13,877
  • Sep 8, 2010 9:50pm Sep 8, 2010 9:50pm
Quoting trogger
GBP.CHF

Looking at BB, B (and worker till yesterday) the time frames appear to be in agreement? Down.
Attachment Attachment

Yeterday produced a BUEB following the doji on 7 Sept. While the immediate (daily) downtrend line has not been breached, I do note that this action is occurring at an important level (close of the Dec 08 bar and end of the 08 run down). Maybe this is signaling the end of the current downtrend?
Attachment

R:R...
Hello Trogger,

If I had to go long I would wait at least until price clears 1.5900. That would put you back in the previous range area. Even then still probably not interested, IMO.

Poncho
" I can read the left side of the chart, the right side's a Bitch!
  • #13,878
  • Sep 9, 2010 1:24am Sep 9, 2010 1:24am
Quoting trogger
GBP.CHF

Looking at BB, B (and worker till yesterday) the time frames appear to be in agreement? Down.
Attachment Attachment

Yeterday produced a BUEB following the doji on 7 Sept. While the immediate (daily) downtrend line has not been breached, I do note that this action is occurring at an important level (close of the Dec 08 bar and end of the 08 run down). Maybe this is signaling the end of the current downtrend?
Attachment

R:R...
Not a Stress Free trade by any means!

We are looking to trade the worker in the direction of the Boss. Taking this trade would be against the Boss.

To get a feel for this pull up a Boss chart and look for a trend within the Boss chart. When you find one place a vertical line at the begining of the trend and the end then switch to a worker chart and look for worker trades in the direction of the Boss trend.
  • #13,879
  • Sep 9, 2010 1:43am Sep 9, 2010 1:43am
Hi strat I am quite sure I'm on the right post! I was very naive then but since then I have been studying and realised at an early point in my trading that daily and up is the way forward.

I a sure you and everyone here that I will not crash and will never go lower than daily again!
  • #13,880
  • Sep 9, 2010 2:58am Sep 9, 2010 2:58am
Quoting trogger
GBP.CHF

Looking at BB, B (and worker till yesterday) the time frames appear to be in agreement? Down.
Attachment Attachment

Yeterday produced a BUEB following the doji on 7 Sept. While the immediate (daily) downtrend line has not been breached, I do note that this action is occurring at an important level (close of the Dec 08 bar and end of the 08 run down). Maybe this is signaling the end of the current downtrend?
Attachment

R:R is reasonable, so this would warrant a long on an upside break of the BUEB...
It is in downtrend in all time trames any long will be countertrend. It was sideways for few weeks between 158-168 but not anymore. Even a one legged blind man inside me can see it as down trend.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpchf09092010w.gif Size: 17 KB
Click to Enlarge Name: gbpchf09092010m.gif Size: 20 KB
Click to Enlarge Name: gbpchf09092010d.gif Size: 25 KB
68 traders viewing now