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Strat's Long Term Stress Free Trading

  • #14,181
  • Sep 26, 2010 10:37am Sep 26, 2010 10:37am
Quoting strat
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,...
I see SR, EMA20, TL at 1.597ish on monthly.
it's very difficult to go up 1.7
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  • #14,182
  • Sep 26, 2010 10:46am Sep 26, 2010 10:46am
CHFJPY
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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,183
  • Sep 26, 2010 11:05am Sep 26, 2010 11:05am
Quoting strat
CHFJPY
and...
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  • #14,184
  • Sep 26, 2010 11:06am Sep 26, 2010 11:06am
Quoting strat
CHFJPY

candle misleading
  • #14,185
  • Sep 26, 2010 12:13pm Sep 26, 2010 12:13pm
The AUD is the slowest currency to respond to the EUR's move upward.
The monthly is still showing a down trend though this will, if it can mount a rally of .0172 in four days, change.

Must be worth keeping an eye on.
  • #14,186
  • Sep 26, 2010 4:46pm Sep 26, 2010 4:46pm
Quoting stgeorge
The AUD is the slowest currency to respond to the EUR's move upward.
The monthly is still showing a down trend though this will, if it can mount a rally of .0172 in four days, change.

Must be worth keeping an eye on.
Yes St George even at current levels this is shaping up to be a decent hammer on BB with a strong close above 140 R ? We shall see?
However, still LL and LH on the Boss, but has put in two bullish bars.
How would you rate the alignment of the Boss, Big Boss and Worker?

Considering this, would anyone look for PA on worker at 140 R turned S and rejecting the 20 ? Would the strat shadow spoil this however?
Potential target and resistence would include 143.70ish with a wobble at 141?
Worker has also put in a HL and unconfirmed HH and 20 has turned up with 3 bullish bars above the 20. (this has happened a few times before in the down trend)
Certainly one to watch?

Is the elastic band at its maximum stretch? (on BB) or is this shaping up for a good selling position in a strong down trend?

If BB hammer closes as is, are any potential PASR buys stress free or like standing in front of a slowing freight train, hoping it will stop before it takes a % of your account?
What do you guys think?
I don't have many of the answers thus far, but i am learning some of the questions.
PS I am at the beginning of a long journey, but feel like i have had kind of an aha moment. I hope many more follow and i and you learn more of the questions and the answers.
Keep on the path
Lee
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PASR student.
  • #14,187
  • Sep 26, 2010 5:17pm Sep 26, 2010 5:17pm
Quoting kiwipom
Yes St George even at current levels this is shaping up to be a decent hammer on BB with a strong close above 140 R ? We shall see?
However, still LL and LH on the Boss, but has put in two bullish bars.
How would you rate the alignment of the Boss, Big Boss and Worker?

Considering this, would anyone look for PA on worker at 140 R turned S and rejecting the 20 ? Would the strat shadow spoil this however?
Potential target and resistence would include 143.70ish with a wobble at 141?
Worker has also put in a HL and unconfirmed HH and 20 has...
However, still LL and LH on the Boss, but has put in two bullish bars.
How would you rate the alignment of the Boss, Big Boss and Worker?

Yes Lee, overall boss trend is down but immediate boss trend is now UP.
As far as alignment goes i think that as soon as the worker clears the 50 and we retrace with some PA we should be in alignment on all 3 TF's for a move north.

Considering this, would anyone look for PA on worker at 140 R turned S and rejecting the 20 ? Would the strat shadow spoil this however?
Potential target and resistence would include 143.70ish with a wobble at 141?

No not yet, i would like for price to clear the Strat shadow first to initiate any stress free longs.

Worker has also put in a HL and unconfirmed HH and 20 has turned up with 3 bullish bars above the 20. (this has happened a few times before in the down trend)
Certainly one to watch?

Yes and 20 is now acting as S which it has not for some time now.

As stated above i think any actions off of the BB hammer would be premature we need confirmation first for this to be stress free.

Your thought process is good Lee you are asking the right questions!
  • #14,188
  • Sep 26, 2010 10:28pm Sep 26, 2010 10:28pm
Strat's Trading System can work on forex,

Can we use this trading system on GOLD?
Try to understand English Try to understand Forex
  • #14,189
  • Sep 26, 2010 11:03pm Sep 26, 2010 11:03pm
the number of hammers and BUOBs on gold since 1200 would be testament for strats methods.

not only for gold.
all futures and even stocks

with stocks there's also transparency of volume which helps me make even better trading decisions

safe trading all
  • #14,190
  • Sep 26, 2010 11:36pm Sep 26, 2010 11:36pm
I'm trading with Oanda. They only have the daily chart and don't have weekly. I know you like trading using the boss and then the worker, but can you be profitable just trading pasr off of the daily chart alone?

I've read quite a few places where people say they only trade one time frame and don't look at any others because it just adds complication and they want to keep it simple. I was just wondering if I could trade your system, but without the boss? Or would that defeat the whole system? (I hope I live through the wrath )
  • #14,191
  • Sep 26, 2010 11:56pm Sep 26, 2010 11:56pm
Quoting beehivesjoe
I'm trading with Oanda. They only have the daily chart and don't have weekly. I know you like trading using the boss and then the worker, but can you be profitable just trading pasr off of the daily chart alone?

I've read quite a few places where people say they only trade one time frame and don't look at any others because it just adds complication and they want to keep it simple. I was just wondering if I could trade your system, but without the boss? Or would that defeat the whole system? (I hope I live through the wrath )
See this post ... strat's post # 442
  • #14,192
  • Sep 26, 2010 11:57pm Sep 26, 2010 11:57pm
Quoting activer
strat's trading system can work on forex,

can we use this trading system on gold?
哈哈。长短本同源，万法皆归一。
A chart helps those who can read it.
  • #14,193
  • Sep 27, 2010 12:00am Sep 27, 2010 12:00am
Quoting tradestar1
See this post ... strat's post # 442
Thanks for that post, but I know about the moving avereages on the daily that are the same. I'm talking about support and resistance though. Do you really need to be able to see the weekly chart or is it possible to trade just off the daily using the weekly moving avereages on the daily?

Thanks for the help !
  • #14,194
  • Edited 12:09am Sep 27, 2010 12:04am | Edited 12:09am
Quoting beehivesjoe
I'm trading with Oanda. They only have the daily chart and don't have weekly. I know you like trading using the boss and then the worker, but can you be profitable just trading pasr off of the daily chart alone?

I've read quite a few places where people say they only trade one time frame and don't look at any others because it just adds complication and they want to keep it simple. I was just wondering if I could trade your system, but without the boss? Or would that defeat the whole system? (I hope I live through the wrath )
I trade with Oanda also, but use MBT for my charts with the W, B, and BB. I believe Spinner uses oanda also.

Quoting beehivesjoe
Thanks for that post, but I know about the moving avereages on the daily that are the same. I'm talking about support and resistance though. Do you really need to be able to see the weekly chart or is it possible to trade just off the daily using the weekly moving avereages on the daily?

Thanks for the help !

I honestly wouldn't trade without putting the longer term S&R on your charts, otherwise how will you know when to expect some PA AT SR??? which in essence is the basics of this thread......
  • #14,195
  • Edited 12:56am Sep 27, 2010 12:09am | Edited 12:56am
you can also use Netdania, they have a pretty good free charting site.
They also have weekly and monthly charts.
I also trade with Oanda, ..... Netdania is a java based charting platform which is great since I run a MAC.
  • #14,196
  • Sep 27, 2010 12:15am Sep 27, 2010 12:15am
[otherwise how will you know when to expect some PA AT SR??? ]

I've been reading this thread, but I'm still only to page 80. Unless I'm misunderstanding something you can scroll back pretty far on the daily chart and find some pretty nice support and resistance still and see how the price action is acting at it.. I may have misunderstood what you're saying or havent gotten far enough in the thread to understand.
  • #14,197
  • Edited 1:20am Sep 27, 2010 12:16am | Edited 1:20am
Quoting strat
CHFJPY
GM to all,

I have continued reading this wonderful thread. And looking at this pair Strat gave us I think it is beyond the meaning of an inverted hammer or simple candle formation. I think Strat - being the Great Trickster that he is - also wants to alert us to the medium-term shift in CHF and JPY strength.

Reason being that there were so many posts on USD/JPY and GBP/CHF & EURCHF and discussions on when and how they will turn.

==================

Beehive : I think it is Strats specialty to look at the weekly and monthly too, as the daily gets its direction from the weekly. There are other threads like James16 that focus more on daily and below. But the weekly and monthly are important for this way here because the focus is not only on one candle formation ( and quick subsequent 50-100 pips with breakeven after 30 pips ) but rather the " art " of getting in a trend extremely early and then riding it for longer time, even adding to positions ( very advanced ).

You can easily have your free charting with a metatrader broker for weekly and monthly, and execute at Oanda, a lot of people do that.

Hope that helps......now back to my reading task.

Good trading to all and a big thank you !

M.
Be like water.
  • #14,198
  • Sep 27, 2010 12:51am Sep 27, 2010 12:51am
Quoting beehivesjoe
[otherwise how will you know when to expect some PA AT SR??? ]

I've been reading this thread, but I'm still only to page 80. Unless I'm misunderstanding something you can scroll back pretty far on the daily chart and find some pretty nice support and resistance still and see how the price action is acting at it.. I may have misunderstood what you're saying or havent gotten far enough in the thread to understand.
To trade this method you need a charting package that allows you to see a Worker (daily) chart, Boss (weekly) chart and a Big Boss (monthly) chart.

There are no shortcuts here. I think the best thing you can do for yourself is to accept that this is going to be a journey to becoming a consistent profitable professional trader. If you cannot accept that this may take you years to accomplish this then trading may not be for you.

If you can accept that then you will be starting off in a lot better psychological state of mind than most that come to trading looking for a get rich quick scheme!

I personally trade with IBFX and chart with FxPro so having two different charting packages is really no big deal. Many do it actually.
  • #14,199
  • Sep 27, 2010 1:05am Sep 27, 2010 1:05am
Quoting Activer
Strat's Trading System can work on forex,

Can we use this trading system on GOLD?

Absolutely!



Gold trends very very well, i have been doing some demo on it lately to become more in touch with it before i start taking small positions in line with strats teachings.

Strat recommends that we stick to currencies though because of liquidity and being a 24hr market. Having traded a few stocks here and there with PASR myself i would recommend sticking to his advice as stocks generally dont trend as well as FX and can be a lot choppier due to gaps. If you do decide to trade stocks with PASR be very selective on your trades and trade only high volume stocks.
  • #14,200
  • Sep 27, 2010 3:43am Sep 27, 2010 3:43am
Quoting Activer
Strat's Trading System can work on forex,

Can we use this trading system on GOLD?
The methodology can work on anything that has chart. whether it is stock market, equities, forex, metals, etc, it works.

Even yesterday, i was reading price action on my computer's CPU performance usage history which shows me the performance chart and i was able to recognise and mentally trade price action on it. You can try if for yourself. (press ctrl+alt+del on your keyboard, a window called task manager will pop up, select performance where you will see the CPU performance usage history chart). You will get better data if your CPU usage rises to 98/100%.
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