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Strat's Long Term Stress Free Trading

  • #14,241
  • Sep 28, 2010 12:33am Sep 28, 2010 12:33am
Quoting No1Optimist

Unfortunately for me I only started watching this pair a few weeks ago, when one of your posts drew my attention to it, but there has been no recent opportunity for me to buy into the trend using basic PASR criteria.
Hi Roger,
You are still doing better than me. It seems I just keep watching and watching but I SEE the trades only in hindsight!

See attached chart to see where I think I should have got in.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.gif Size: 21 KB
  • #14,242
  • Sep 28, 2010 2:21am Sep 28, 2010 2:21am
Quoting CrudeCraig
Not an all time high Roger, just a lack of data on your charts.

Indeed a very nice trend though.

Will be patiently waiting for a stress free entry if it continues north.
Hi Craig,

Yes, the lack of data is a real pain, but I do not know of any remedy.

I have tried downloading more data several times, but the extra data does not come from my own broker and has completely screwed up my charts.

Attached is an example.

I am on demo with IBFX London. If you can tell me how to rectify this problem I would be in your debt.

Regards,

Roger
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy daily extra data.jpg Size: 94 KB
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #14,243
  • Sep 28, 2010 2:24am Sep 28, 2010 2:24am
Quoting Raje$h
Hi Roger,
You are still doing better than me. It seems I just keep watching and watching but I SEE the trades only in hindsight!

See attached chart to see where I think I should have got in.
Frustrating, isn't it?

Hindsight is a wonderful thing, especially with trading when you are working on the hard right edge.
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #14,244
  • Sep 28, 2010 2:58am Sep 28, 2010 2:58am
Quoting No1Optimist
Hi Craig,

Yes, the lack of data is a real pain, but I do not know of any remedy.

I have tried downloading more data several times, but the extra data does not come from my own broker and has completely screwed up my charts.

Attached is an example.

I am on demo with IBFX London. If you can tell me how to rectify this problem I would be in your debt.

Regards,

Roger
Hi Roger, only way to fix that, is to uninstall MT4 (and delete folder, uninstall does not delete mt4 folder), then reinstall. Keep your indicators (if any), templates, profiles from the old version, trash everything else.
M
  • #14,245
  • Sep 28, 2010 3:38am Sep 28, 2010 3:38am
Quoting hcristea
Do you have Windows traders edition? the one that comes with candle stick charts?
No I do not have.
  • #14,246
  • Sep 28, 2010 3:39am Sep 28, 2010 3:39am
Quoting strat
But, it is in the 20/50 Trap!
Yes I was aware of the 20/50 trap this pair has a long way to go before we can get long but I am watching it as the AUD has not reacted like other EUR pairs to the EUR current strength.
  • #14,247
  • Sep 28, 2010 4:42am Sep 28, 2010 4:42am
Quoting dorellino
Hi Roger, only way to fix that, is to uninstall MT4 (and delete folder, uninstall does not delete mt4 folder), then reinstall. Keep your indicators (if any), templates, profiles from the old version, trash everything else.
M
dont do that. The problem is not in the MT4, but your broker data. If you dont mind the small time difference, you can download data from Metaquotes (there is a difference about 2 hours in data). Press F2, choose the pair and Download it.
  • #14,248
  • Sep 28, 2010 9:13am Sep 28, 2010 9:13am
Quoting Khurr@m
Three days three IBs. What are they telling us ... well i m confused.
i am long entered at 0.8420 with TP of 0.8650.
They are telling you there is no supply or demand.

Your TP at 0.8650 is beyond R at 0.86 - you will only make it if the demand for EUR is greater than that of GBP
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,249
  • Sep 28, 2010 9:18am Sep 28, 2010 9:18am
Quoting Raje$h
Hi Roger,
You are still doing better than me. It seems I just keep watching and watching but I SEE the trades only in hindsight!

See attached chart to see where I think I should have got in.
Don't worry Rajesh, its all part of the learning process. I would be more worried if you couldn't see the trades in hindsight.

Check that you have a correct understanding of PASR as it could also be a lack of confidence in either you or the method.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,250
  • Sep 28, 2010 9:25am Sep 28, 2010 9:25am
Quoting stgeorge
Yes I was aware of the 20/50 trap this pair has a long way to go before we can get long but I am watching it as the AUD has not reacted like other EUR pairs to the EUR current strength.
EURAUD is a poor choice to trade. You have chosen two of the strongest currencies at this time. All you are trading in this pair is the difference in strength between EUR and AUD.

If you want to choose a pair that moves, you should choose one with a strong currency and one with a weak currency.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,251
  • Sep 28, 2010 10:40am Sep 28, 2010 10:40am
Quoting No1Optimist
Hi Craig,

Yes, the lack of data is a real pain, but I do not know of any remedy.

I have tried downloading more data several times, but the extra data does not come from my own broker and has completely screwed up my charts.

Attached is an example.

I am on demo with IBFX London. If you can tell me how to rectify this problem I would be in your debt.

Regards,

Roger
Roger,

You don't need to reinstall all MT4, just go to Program Files > Metatrader IBFX (or whatever its called) > History > downloads > and delete all the files then relogin to your live/demo account.

The downloaded data from Metaquotes is no good and will leave you with holes in data - very bad for charting. If you don't have enough "normal" history on a lot of pairs consider another platform, but if its only a few exotics I'd just use the data that you do have.
  • #14,252
  • Sep 28, 2010 10:43am Sep 28, 2010 10:43am
Quoting Raje$h
Hi Roger,
You are still doing better than me. It seems I just keep watching and watching but I SEE the trades only in hindsight!

See attached chart to see where I think I should have got in.
Beating yourself up about lost pips won't help - time spent doing what you are doing and perhaps one day you'll start to see the setups in real time.

This is the point I am at and I'm keeping positive that the vision will come.

Perhaps a diary? What we're you thinking about those candles when you say them in real time I wonder?
  • #14,253
  • Sep 28, 2010 10:45am Sep 28, 2010 10:45am
Quoting forexample
Beating yourself up about lost pips won't help - time spent doing what you are doing and perhaps one day you'll start to see the setups in real time.

This is the point I am at and I'm keeping positive that the vision will come.

Perhaps a diary? What we're you thinking about those candles when you saw them in real time I wonder?
That is exactly how a Trading Journal SHOULD be used - not just for recording trades made BUT for recording THOUGHTS on trades and why, where, what etc.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,254
  • Sep 28, 2010 11:35am Sep 28, 2010 11:35am
some convergence ...
trend up: we'll see something?
Attached Image (click to enlarge)
Click to Enlarge Name: cj.gif Size: 18 KB
  • #14,255
  • Sep 28, 2010 12:02pm Sep 28, 2010 12:02pm
strat.......
I sent you a PM. curious about something.
Thank's
  • #14,256
  • Sep 28, 2010 12:11pm Sep 28, 2010 12:11pm
Quoting tradestar1
strat.......
I sent you a PM. curious about something.
Thank's
I know but if you are reading the thread you should know I don't respond to lurkers and thread hoppers. Thanks.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,257
  • Edited 4:00pm Sep 28, 2010 12:22pm | Edited 4:00pm
Strat, Ladies, Gentlemen,

I have been reading the thread and following your posts, I will like to post some charts here now that I have entered my first trade using what I have understood as Stratīs trading method.
Please correct me if I have made some mistake.

a) on the Big Boss I took the break of the 1.3050 resistance levels after the hammer two candles before and both maīs starting pointing up.

b)on the Boss both maīs pointing up ( Iīm afraid my mistake here was trading between the maīs which is not accord with Stratīs teachings)plus a BUOB and resistance break.

c) The Worker(here I made my entry)above the emaīs combo, break of res. level plus inverted hammer right at it.


By now I have already closed the half of my position at my first target 1.33 moved my SL to 1.325 and letting it run. After the break of the 50 fib today Iīll be looking for a retracement to add one more position if PASR tune with my idea.

Thank you very much for your time reading this Iīll apreciatte your comments.

Regards.

Red.
Attached Image(s) (click to enlarge)
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  • #14,258
  • Sep 28, 2010 12:38pm Sep 28, 2010 12:38pm
Quoting Rednose
Strat, Ladies, Gentlemen,

I have been reading the thread and following your posts, I will like to post some charts here now that I have entered my first trade using what I have understood as Stratīs trading method.
Please correct me if I have made some mistake.

a) on the Big Boss I took the break of the 1.3050 resistance levels after the hammer two candles before and both maīs starting pointing up.

b)on the Boss both maīs pointing up ( Iīm afraid my mistake here was trading between the maīs which is not accord with Stratīs teachings)plus a BUOB...
Rudolph,

First, make sure you identify the pair you are trading as it is not shown on your charts - EURUSD

Second, your "brake" is driving me nuts! A "brake" is a mechanical device which causes a moving object to decelerate or lose speed.

"Break" is what you need to "break" support or resistance or even your leg!

b)on the Boss both maīs pointing up ( Iīm afraid my mistake here was trading between the maīs which is not accord with Stratīs teachings)

This only applies to trading the Worker

By now I have already closed the half of my position at my first target 1.33 moved my SL to 1.325 and letting it run. After the brake of the 50 fib today Iīll be looking for a retracement to add one more position if PASR tune with my idea.

If this is your first PASR trade you should not, at this point in your learning, add additional positions. If you get it wrong, your Little People will give you such a hard time that it may scar you for life!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,259
  • Sep 28, 2010 12:48pm Sep 28, 2010 12:48pm
Quoting strat
I know but if you are reading the thread you should know I don't respond to lurkers and thread hoppers. Thanks.
1st..... I am not a lurker, I am reading this thread to get an idea of what you are teaching before I start contributing.

2nd..... as to thread hopping .... amusement purposes only.

So you can choose to respond or not.... really makes no difference to me, just thought we could talk about something of interest outside this thread and system.

Regards, William
  • #14,260
  • Sep 28, 2010 12:53pm Sep 28, 2010 12:53pm
Quoting strat
Rudolph,
Itīs Rod Strat..lol..I told you I donīt work for Santa...

Quoting strat
First, make sure you identify the pair you are trading as it is not shown on your charts - EURUSD
Roger that.

Quoting strat
Second, your "brake" is driving me nuts! A "brake" is a mechanical device which causes a moving object to decelerate or lose speed.
As English is not my native language that is the only word it came to my mind to express the fact that price went through that level. Can you suggest another word for it? Iīm always interested on improving the languages that I speak.

Quoting strat
"Break" is what you need to "break" support or resistance or even your leg!
Sorry I didnīt get this one.

Quoting strat
b)on the Boss both maīs pointing up ( Iīm afraid my mistake here was trading between the maīs which is not accord with Stratīs teachings)

This only applies to trading the Worker
Ok. Understood.

Quoting strat
By now I have already closed the half of my position at my first target 1.33 moved my SL to 1.325 and letting it run. After the brake of the 50 fib today Iīll be looking for a retracement to add one more position if PASR tune with my idea.

If this is your first PASR trade you should not, at this point in your learning, add additional positions. If you get it wrong, your Little People will give you such a hard time that it may scar you for life!
Thatīs ok I wonīt. Thank you, I already had a lot of trouble with my little people, donīt want them anymore.

I sincerely thank you Strat for your time and effort.

Iīm gonna be around and asking and at the right point hopefully contributing.

Rod.
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