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  • #14,141
  • Sep 24, 2010 3:18am Sep 24, 2010 3:18am
Quoting hcristea
Based on rumors I dont have other info
  • #14,142
  • Sep 24, 2010 3:37am Sep 24, 2010 3:37am
Hello guys, I have an emotional thing that keeps me annoying.
Strat's enters order only at a "worse" price, meaning that it never try to catch a retracement but rather to enter on the flow of the next impulse of the trend, and usually at a price which is usually not better then the market price.
They call this "stop orders" of course, (I think).
Well to me this is one of those thing very difficult to surpass and honestly the major problem in accepting internally, emotionally and whatever it could be, how we trade here.
Can any one give me an opinion on this strange smelly little people disturbing my conversion to Strat credo?
Thanks, good luck and have a nice week end.
M
  • #14,143
  • Sep 24, 2010 5:28am Sep 24, 2010 5:28am
Dorellino, first you have to find out why do you think Strat's entry is at the worst price. You believe that there is another price which is best? I believe that it is the best price.

You have to diagnose this problem and find out what you should do next to solve the problem. Then you do those tasks and that's it.
  • #14,144
  • Sep 24, 2010 5:38am Sep 24, 2010 5:38am
Quoting dorellino
Strat's enters order only at a "worse" price, meaning that it never try to catch a retracement but rather to enter on the flow of the next impulse of the trend, and usually at a price which is usually not better then the market price.
M
Hi dorellino:

Strat does catch retracements! He buys dips in an uptrend and vice versa. He buys above/below the daily candle to ensure there are buyers or sellers at entry.

Cheers,
JS
  • #14,145
  • Sep 24, 2010 6:33am Sep 24, 2010 6:33am
Quoting dorellino
Hello guys, I have an emotional thing that keeps me annoying.
Strat's enters order only at a "worse" price, meaning that it never try to catch a retracement but rather to enter on the flow of the next impulse of the trend, and usually at a price which is usually not better then the market price.
They call this "stop orders" of course, (I think).
Well to me this is one of those thing very difficult to surpass and honestly the major problem in accepting internally, emotionally and whatever it could be, how we trade here.
Can any one give me...
Greetings, firstly I am not sure that I understand your problem 100%, but I think you are questioning why Strat emphasizes the use of stop orders to enter a market, instead of just entering at "the market".

If that is what you are asking, the answer is simple. He wants the momentum of the market to take him into the trade. This is a form of confirmation for that trade.

The ''buy stop" or "sell stop" is placed after the daily signal bar has closed.

The market has to move in the anticipated direction, for the order to be filled.

If price moves in the opposite direction the order is not filled, so no loss.

Strat always points out that by using this method you may lose a few pips of potential profit (what you are referring to as a "worse" price), but you will lose far more if you enter "at the market" and price then moves the opposite way.

Just check you charts and you will see heaps of examples where price has suddenly reversed without any warning.

Hope I have understood your question, and that my comment is helpful.

Roger
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #14,146
  • Sep 24, 2010 6:35am Sep 24, 2010 6:35am
Quoting dorellino
Hello guys, I have an emotional thing that keeps me annoying.
Strat's enters order only at a "worse" price, meaning that it never try to catch a retracement but rather to enter on the flow of the next impulse of the trend, and usually at a price which is usually not better then the market price.
They call this "stop orders" of course, (I think).
Well to me this is one of those thing very difficult to surpass and honestly the major problem in accepting internally, emotionally and whatever it could be, how we trade here.
Can any one give me...
Hi Dorellino,

i'll attempt to answer this qns and the seniors please feel free to add in.
Honestly when i first started off i was also struggling to understand this concept.

however, subtly in what you have written i believe you have found the answer within you.

"entering on the flow of the next impulse of the trend"

this is where the crux of buy/sell stop orders lie.
price cant range infinitely it has to break out somewhere forming a new trend eventually.
be it short/mid/long term.

you'll find that upon the break of shooting stars/hammers or break of trading ranges are where the orders are "waiting". be it buy/sell stop orders or SL orders since PASR occurs at key levels. these SL orders or stop orders would create that initial burst for a strong breakout due to surge or demand/supply

i'm sure all of us can recall a brilliant breakout move with little retracement if traded correctly.
sure you could try to catch a retracement after a breakout but that requires baby sitting the trade which this thread doesnt recommend.

in a limit order technically you're trading against the immediate price movement. something like cycling against the wind which requires more energy to change the direction in your favour again.

hopefully i've managed to bring across the viability of stop orders.

great trading ahead
  • #14,147
  • Sep 24, 2010 8:48am Sep 24, 2010 8:48am
Quoting miracle16
Hi Dorellino,

i'll attempt to answer this qns and the seniors please feel free to add in.
Honestly when i first started off i was also struggling to understand this concept.

however, subtly in what you have written i believe you have found the answer within you.

"entering on the flow of the next impulse of the trend"

this is where the crux of buy/sell stop orders lie.
price cant range infinitely it has to break out somewhere forming a new trend eventually.
be it short/mid/long term.

you'll find that upon the break of shooting...
Can any Senior help me please? I have shorted gbp/usd in 3 positions, 1.5660.1.5681 and today at 1.5775 to TP at 1.5610.
Will I reach my tgt. next week?
  • #14,148
  • Sep 24, 2010 9:00am Sep 24, 2010 9:00am
Quoting behman8850
Can any Senior help me please? I have shorted gbp/usd in 3 positions, 1.5660.1.5681 and today at 1.5775 to TP at 1.5610.
Will I reach my tgt. next week?

Definately not a senior member of the thread, but,...
Sorry, but my crystal ball is in the shop getting worked on.....
  • #14,149
  • Sep 24, 2010 9:18am Sep 24, 2010 9:18am
Quoting behman8850
Can any Senior help me please? I have shorted gbp/usd in 3 positions, 1.5660.1.5681 and today at 1.5775 to TP .at 1.5610.
Will I reach my tgt. next week?
Thanks for selling me your GBPUSD I am running in pofit now.
  • #14,150
  • Sep 24, 2010 10:19am Sep 24, 2010 10:19am
Quoting behman8850
Can any Senior help me please? I have shorted gbp/usd in 3 positions, 1.5660.1.5681 and today at 1.5775 to TP at 1.5610.
Will I reach my tgt. next week?

in this thread are taught not to go against trend
  • #14,151
  • Sep 24, 2010 1:16pm Sep 24, 2010 1:16pm
Quoting behman8850
Can any Senior help me please? I have shorted gbp/usd in 3 positions, 1.5660.1.5681 and today at 1.5775 to TP at 1.5610.
Will I reach my tgt. next week?
There is no PASR on the Worker OR the Boss signaling a short trade let alone 3 positions all at different price levels which shows you are trying to average down into your position (which we never do here).

I am not sure which time frame you are trading but it cannot be the worker. ( i even looked at H1 and H4 and could not FIND a GU short trade!)

There are many of us here who are willing to help you but you must help yourself first and read and understand the thread.
  • #14,152
  • Sep 24, 2010 2:24pm Sep 24, 2010 2:24pm
Quoting CrudeCraig
There is no PASR on the Worker OR the Boss signaling a short trade let alone 3 positions all at different price levels which shows you are trying to average down into your position (which we never do here).

I am not sure which time frame you are trading but it cannot be the worker. ( i even looked at H1 and H4 and could not FIND a GU short trade!)

There are many of us here who are willing to help you but you must help yourself first and read and understand the thread.
Looking at Big Boss., last month was red candle while this month it turned to green, right?
And ii is still touching MA 20.
On Boss last week was green n in between! But this week its on top of MA50!
On Worker all Candles are above MA20, so further it moves, long is preferable, you mean to say??
  • #14,153
  • Sep 24, 2010 3:08pm Sep 24, 2010 3:08pm
Quoting behman8850
Looking at Big Boss., last month was red candle while this month it turned to green, right?
And ii is still touching MA 20.
On Boss last week was green n in between! But this week its on top of MA50!
On Worker all Candles are above MA20, so further it moves, long is preferable, you mean to say??
Looking at Big Boss., last month was red candle while this month it turned to green, right?

Yes, August candle was rejected by R and BB 20. But we do not trade from the Big Boss and if you had been looking at the BB the past few days it would have been in conflict with your short trade.

On Boss last week was green n in between! But this week its on top of MA50!

So if last weeks Boss candle was green AND price is above the Boss 50 why have we gone short?

On Worker all Candles are above MA20, so further it moves, long is preferable, you mean to say??

Yes once again PRICE is above the worker 20! (this is bullish). You can only trade on stress free PASR taught here in the thread though, so sit back and wait for a stress free opportunity to present itself. When that opportunity comes be prepared with a plan and trade that plan.
  • #14,154
  • Sep 24, 2010 3:35pm Sep 24, 2010 3:35pm
Quote
Looking at Big Boss., last month was red candle while this month it turned to green, right?
And ii is still touching MA 20.
On Boss last week was green n in between! But this week its on top of MA50!
On Worker all Candles are above MA20, so further it moves, long is preferable, you mean to say??

Behmann,

what was your reasoning for entering those short positions? Definitely nothing that is being taught here.

Big Boss:
Last months candle was rejected by the 20, and there is a higher low marked by the may candle. last months candle could end as a lower high, if that high is not taken out during this month. What I see on the monthly is a triangle. Price is about to close at the upper trendline this month, BUT we wont know until 30.09.

Boss:
MA 20 and 50 going flat. Higher High (candle 01.08) and higher low (candle 05.09), so we are currently in a bullish trend. Last weeks candle broke the 50 strongly bouncing off support at 1.5400 (former resistance), also a bullish sign.

Worker:
Well aligned to the Boss. Today's candle has NOT broken the trendline. As far as I have understood what is being taught here is that providing that PA occurs at this level there could be an opportunity to go short with the lower trendline as the final target, which would still be high risk as that PA would not be aligned with the Boss.

I dont know if you probably took candle 17.09. as a reversal sign to enter short, but IMHO this candle is not at the right place. It should have occured at the upper trendline and/or around 1.6000 to be tradeable.
I would identify as a setup candle the 14.09, as that candle engulfed the last 10 candles on the worker, a good sign for a long breakout. What made me hesitate with that setup is the resistance area marked by the candles between 12.-19. August, where in fact price stalled before continuing the journey to the upper trendline.

I have tried to analise the situation on GU with my PARS-knowledge acquired after having studied 90 pages of the path of learning, so I am sure that there are still lots of things of my analisis to be corrected, apologies for all the errors I may have done.

Finally, if you ask me, you should choose between to alternatives (which is not answering your question):
1. close the trades inmediately, and start reading and understanding (reading is easy, understanding not!) from the beginning of this thread, if you intend to trade according PARS.
2. pray that price will hold at the upper trendline/ resistance turns south to retest the lower trendline.

Daniel
  • #14,155
  • Sep 24, 2010 3:42pm Sep 24, 2010 3:42pm
Quoting elmasmas
Behmann,

what was your reasoning for entering those short positions? Definitely nothing that is being taught here.

Big Boss:
Last months candle was rejected by the 20, and there is a higher low marked by the may candle. last months candle could end as a lower high, if that high is not taken out during this month. What I see on the monthly is a triangle. Price is about to close at the upper trendline this month, BUT we wont know until 30.09.

Boss:
MA 20 and 50 going flat. Higher High (candle 01.08) and higher low (candle 05.09), so we...
Daniel, Thank you very much for your analysis n encouraging words.
  • #14,156
  • Sep 24, 2010 3:43pm Sep 24, 2010 3:43pm
Quoting CrudeCraig
Looking at Big Boss., last month was red candle while this month it turned to green, right?

Yes, August candle was rejected by R and BB 20. But we do not trade from the Big Boss and if you had been looking at the BB the past few days it would have been in conflict with your short trade.

On Boss last week was green n in between! But this week its on top of MA50!

So if last weeks Boss candle was green AND price is above the Boss 50 why have we gone short?

[color="blue"][b]...
Thank you Craig for your explanations.
  • #14,157
  • Sep 24, 2010 3:45pm Sep 24, 2010 3:45pm
Quoting elmasmas
Behmann,

what was your reasoning for entering those short positions? Definitely nothing that is being taught here.

Big Boss:
Last months candle was rejected by the 20, and there is a higher low marked by the may candle. last months candle could end as a lower high, if that high is not taken out during this month. What I see on the monthly is a triangle. Price is about to close at the upper trendline this month, BUT we wont know until 30.09.

Boss:
MA 20 and 50 going flat. Higher High (candle 01.08) and higher low (candle 05.09), so we...
At this stage do you think gbp/usd will go further up? How do we know where it will stop n reverse?
  • #14,158
  • Sep 24, 2010 4:42pm Sep 24, 2010 4:42pm
Quoting behman8850
At this stage do you think gbp/usd will go further up? How do we know where it will stop n reverse?
Stop asking stupid and hypothetical questions and DO NOTHING until you read and UNDERSTAND the thread from Post # 1 on Page 1 UNTIL you get back HERE!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,159
  • Sep 24, 2010 5:15pm Sep 24, 2010 5:15pm
Quoting behman8850
Can any Senior help me please? I have shorted gbp/usd in 3 positions, 1.5660.1.5681 and today at 1.5775 to TP at 1.5610.
Will I reach my tgt. next week?
What a bloody stupid crackpot!

I have been LONG since May 19 and added many positions on dips, taking profit on some on August 11 and 22 and adding again on September 12, 21, 22 and 23 and all this is with the market's money - I have NOTHING AT RISK!

This pair is on its way to 1.6, maybe even 1.7 which is NORTH not south!

How to do this is ALL IN THE THREAD - but YOU have to DO THE WORK and PUT IN A LOT OF EFFORT and read and UNDERSTAND each and EVERY single post.

Then, when you have done that, you need to spend thousands of hours reading and practicing on thousands of charts.

Then, when you have done that, you need to spend thousands of hours reading and practicing on thousands of charts.

Then, when you have done that, you need to spend thousands of hours reading and practicing on thousands of charts.

And so on ------- THIS is a PROFESSIONAL BUSINESS and needs treating as you would any other PROFESSIONAL BUSINESS

This is NOT a GET RICH QUICK SCHEME

This is NOT something you can do just by buying a $97 ebook, placing a trade, and HOPING for the best.

This is a proven, very profitable method which has already changed many students' lives and transformed their losing accounts into WINNING accounts.

READ, STUDY and UNDERSTAND THE THREAD!!!!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,160
  • Sep 24, 2010 6:54pm Sep 24, 2010 6:54pm
wow first time in a long while i've seen someone incur strat's wrath

guess its another reminder for all of us to be on our toes and keep trading with a buiness mindset.
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