Strat's Long Term Stress Free Trading | Page 698 | 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

  • #13,941
  • Sep 13, 2010 4:31am Sep 13, 2010 4:31am
Quoting geniusztc
in the chart, the BIG BOSS,the BOSS,and WORKER,is also in a long trend .and ,you can the price has just across the short trend line,so i think au will still go long .the first resistence is @0.9600. do you agree with it??? thank you for your idea advance.

there is a GAP. and i do not know the affect of gap to trend.can anyone tell me ?
Yes R is at 0.9600.

Eventually all Gaps get filled but that is another strategy altogether. Just concentrate on PASR.
  • #13,942
  • Sep 13, 2010 9:19am Sep 13, 2010 9:19am
Quoting geniusztc
in the chart, the BIG BOSS,the BOSS,and WORKER,is also in a long trend .and ,you can the price has just across the short trend line,so i think au will still go long .the first resistence is @0.9600. do you agree with it??? thank you for your idea advance.

there is a GAP. and i do not know the affect of gap to trend.can anyone tell me ?
Hello Geniusztc

For me I had resistance @ 0.9260 which on my charts gapped up over the weekend obviously due to the data out of China.
Next resistance on my charts is 0.9400, so i will be looking for the gap to be filled and watching PA to go north.

thanks

Frank
  • #13,943
  • Sep 13, 2010 10:09am Sep 13, 2010 10:09am
Quoting Money Magnet
Hello Geniusztc

For me I had resistance @ 0.9260 which on my charts gapped up over the weekend obviously due to the data out of China.
Next resistance on my charts is 0.9400, so i will be looking for the gap to be filled and watching PA to go north.

thanks

Frank
0.9260??? i think the price have almost broken through the resistance(maybe ,the day candle did not done).then if the price break through 0.9260,the next resistance may be @0.9600,see the BIG BOSS.

need your more idea. thank you
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud.gif Size: 19 KB
Click to Enlarge Name: aud1.gif Size: 16 KB
A chart helps those who can read it.
  • #13,944
  • Sep 13, 2010 10:32am Sep 13, 2010 10:32am
geniusztc,

I see where you're coming from with your Bog Boss line chart, but a look at the candles suggests there is more to the story perhaps.
Attached Image
  • #13,945
  • Sep 13, 2010 10:44am Sep 13, 2010 10:44am
Quoting forexample
geniusztc,

I see where you're coming from with your Bog Boss line chart, but a look at the candles suggests there is more to the story perhaps.
forexample,you are right.see the candles,it is different. and it is always confused me that use candle and use lines .and it is also the questions whether we should consider the high and low of the price in everyday or just consider the open and close price? can you explain me more about this ??? thank you very much .
A chart helps those who can read it.
  • #13,946
  • Sep 13, 2010 12:22pm Sep 13, 2010 12:22pm
How about a broadening pattern? This will be the third touch. And note that early on from Nov. 09 to Apr. 10 there was another smaller broadening pattern. Bulkowski's statistics have it that it might have a partial decline on such a third touch. http://thepatternsite.com/rabfd.html
Attached Image (click to enlarge)
Click to Enlarge Name: Aussie BP.png Size: 28 KB
  • #13,947
  • Sep 13, 2010 5:12pm Sep 13, 2010 5:12pm
Quoting geniusztc
forexample,you are right.see the candles,it is different. and it is always confused me that use candle and use lines .and it is also the questions whether we should consider the high and low of the price in everyday or just consider the open and close price? can you explain me more about this ??? thank you very much .
Line charts are on the basis of Open/Close where we can't see how much high the price went upto. When we draw our SR lines we change our charts into line charts as we want to draw them on close and it is easy to draw SR with line charts as you have noticed. Once you have gone through thousands of charts you should be able to draw them even on Candlestick charts without even changing to line charts.

Candles high low are very important as well If I have to buy on breakout then I want to see the price to go above the recent/previous high and not close and for sell it is vice versa. Candle highs are also important to draw Fibs may be there are some traders who draw them on open/close but majority of traders draw them on highs/lows.

There is more then that to candle high/lows which you will know in your own time as you go along the path and 1000's of charts.
  • #13,948
  • Sep 14, 2010 12:57am Sep 14, 2010 12:57am
Quoting simpleman
Line charts are on the basis of Open/Close where we can't see how much high the price went upto. When we draw our SR lines we change our charts into line charts as we want to draw them on close and it is easy to draw SR with line charts as you have noticed. Once you have gone through thousands of charts you should be able to draw them even on Candlestick charts without even changing to line charts.

Candles high low are very important as well If I have to buy on breakout then I want to see the price to go above the recent/previous high and not...

go along the path and 1000's of charts yes,i will do !!!thank you for your teaching. and i am looking forward your more suggestions and teaching.
A chart helps those who can read it.
  • #13,949
  • Sep 14, 2010 3:59am Sep 14, 2010 3:59am
Quoting geniusztc
go along the path and 1000's of charts yes,i will do !!!thank you for your teaching. and i am looking forward your more suggestions and teaching.
There is only one teacher and that is "Strat", we are just learner/students some are ahead and some are behind but all of them are catching up, so do you and other newbies.
  • #13,950
  • Sep 14, 2010 4:09am Sep 14, 2010 4:09am
Quoting simpleman
There is only one teacher and that is "Strat", we are just learner/students some are ahead and some are behind but all of them are catching up, so do you and other newbies.
yes, strat is great.though looking at this threat, i have learn many many many things. keep going ...
A chart helps those who can read it.
  • #13,951
  • Sep 14, 2010 5:00am Sep 14, 2010 5:00am
Quoting hcristea
The thread has a lot of great information evenly spread throughout the thread. It has great info at beginning, in the middle, at the end and in between those points.

Some of you reading the thread might feel the urge to speed up the reading, in order to catch up with the latest posts in the thread, hoping to reach to the good part more quickly. If you know what I'm talking about then don't do it. Try to resist that urge and read at your "understanding" speed because the good part is everywhere.
Yes hcristea, you are right. However, after reading the J16 thread for weeks I was feeling a bit detached from reality, as all of it was in the past. When asking some seniors there, they said it is OK to continue, but also read current posts, as they directly point out to current day to day activity.

At the moment I am anyway just in the elementary stage. And I do of course watch charts every day and see what the tools Strat gives us look like and why he obviously has his reasons for doing so.

E.G. I note how the MA`s do tell a lot. EU caught between the 20 and 50 on the daily, the 20 BOSS in between as a kind of eqilibrium. There is of course much more to that and I am just beginning.....

Good day to all.

_____________
Michael
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-14_1138_eurusddaily.jpg Size: 110 KB
Be like water.
  • #13,952
  • Edited 6:33am Sep 14, 2010 6:18am | Edited 6:33am
GBP.NZD has shown some signs of trend reversal over recent weeks following an approximate ten thousand pip drop between Sept 2008 (2.98xx) and a new all time low in May 2010 at 2.03xx.

Action on the daily shows price opening this week at a critical juncture if the uptrend is to remain intact. Price fell on Monday's open to equal the last HL posted on 27 July on the daily. So far this week price has bounced off 2.0980 support with an inverted hammer posted 13 Sept and further bullish action so far today (14th).

Attached Image (click to enlarge)
Click to Enlarge Name: gn.png Size: 33 KB


With risk clearly defined at 2.098 would a buy of an upside break of monday's candle at 2.1220 targeting 2.17 and then 2.22 be in order?
  • #13,953
  • Sep 14, 2010 7:24am Sep 14, 2010 7:24am
I would not buy GBPNZD.

BigBoss is bearish.
Boss bearish momentum looks weak but it broke through the latest bullish trendline.
Worker is at support but I dont see any PA to buy. Worker looks like its in some sort of range.

The time frames are not aligned. I rather wait to see what happen next. If the support doesn't hold then I prefer to look for opportunities to sell.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpnzd_bb_14.09.png Size: 23 KB
Click to Enlarge Name: gbpnzd_b_14.09.png Size: 26 KB
Click to Enlarge Name: gbpnzd_w_14.09.png Size: 28 KB
  • #13,954
  • Sep 14, 2010 7:29am Sep 14, 2010 7:29am
Quoting trogger
GBP.NZD has shown some signs of trend reversal over recent weeks ....

With risk clearly defined at 2.098 would a buy of an upside break of monday's candle at 2.1220 targeting 2.17 and then 2.22 be in order?
Hi trogger:

It is at support now but if you zoom out some more - the downtrend becomes more visible!

Regards,
JS
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd daily.gif Size: 24 KB
  • #13,955
  • Sep 14, 2010 7:34am Sep 14, 2010 7:34am
Quoting simpleman
There is only one teacher and that is "Strat", we are just learner/students some are ahead and some are behind but all of them are catching up, so do you and other newbies.
  • #13,956
  • Sep 14, 2010 7:51am Sep 14, 2010 7:51am
Quoting extraneo
There is only one teacher and that is "Strat"

Not exactly true - we ALL learn from each other - this is why posting analysis and comments on posts is so very important.

Teaching and Learning is, and MUST be, a two way street.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,957
  • Sep 14, 2010 11:01am Sep 14, 2010 11:01am
Quoting strat
There is only one teacher and that is "Strat"

Not exactly true - we ALL learn from each other - this is why posting analysis and comments on posts is so very important.

Teaching and Learning is, and MUST be, a two way street.
You are a great trader and a great teacher because you teach to fish and do not offer free meals
we have everything to learn from you
  • #13,958
  • Sep 14, 2010 11:39am Sep 14, 2010 11:39am
Quoting euro_dude
Hi trogger:

It is at support now but if you zoom out some more - the downtrend becomes more visible!

Regards,
JS
Well said!

Reminder for everyone:

Before making any trading decision, ALWAYS zoom out to see the BIG PICTURE.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,959
  • Sep 14, 2010 12:30pm Sep 14, 2010 12:30pm
GBPUSD weekly, ready for another leg up?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 2010-09 (weekly).gif Size: 37 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 2010-09-14 (4-h).gif Size: 34 KB
  • #13,960
  • Sep 14, 2010 12:37pm Sep 14, 2010 12:37pm
Quoting ridingwaves2
GBPUSD weekly, ready for another leg up?

Attachment

Attachment
only daily and higher tf....
11 traders viewing now