Strat's Long Term Stress Free Trading | Page 717 | 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

  • #14,321
  • Sep 29, 2010 5:43pm Sep 29, 2010 5:43pm
Quoting No1Optimist
Even with a small account, you can divide your position into 3 tranches.

The amount you are risking on the total of the whole position will be exactly the same.

For example, if you are prepared to risk 2% of your account, and after taking into account the pip value, you calculate your maximum position size to be 0.9 mini lots.

You can divide this into 3 x 0.03 mini lots (= 3 x 3 microlots)
Yes that is correct but FXCM US Non MT4 only allows 0.10 as mini and my 1% is $10 per 100 pips. If you know the broker who offers all the pairs i.e. NZDCAD/USDSGD then please let me know and I will happily switch over.
  • #14,322
  • Sep 29, 2010 5:47pm Sep 29, 2010 5:47pm
Believe me or not the pair has mad HH/HL.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud29092010d.gif Size: 22 KB
  • #14,323
  • Sep 29, 2010 6:09pm Sep 29, 2010 6:09pm
Quoting simpleman
Yes that is correct but FXCM US Non MT4 only allows 0.10 as mini and my 1% is $10 per 100 pips. If you know the broker who offers all the pairs i.e. NZDCAD/USDSGD then please let me know and I will happily switch over.
Interbank FX, London has everything you are looking for, MT4, micro-lots, tight spreads, etc.

The only reservation I have about them, is the lack of data on some of the cross pairs, sometimes only 2 or 3 years.

On the major pairs, data starts at around 1992.
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #14,324
  • Sep 29, 2010 6:26pm Sep 29, 2010 6:26pm
Quoting simpleman
Believe me or not the pair has mad HH/HL.
I believe you but it will not go far because of the BOSS.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-09-29-10w.gif Size: 13 KB
  • #14,325
  • Sep 29, 2010 10:58pm Sep 29, 2010 10:58pm
Quoting patrick25
I believe you but it will not go far because of the BOSS.

Hi Patrickhttp://cdn.forexfactory.com/images/icons/icon7.gif

What do you think about the hammer that is about to be finalised today, if this was a bit lower this could have been a good sign, but as it is now we just have to watch carefully.

Happy Tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
Attached Image (click to enlarge)
Click to Enlarge Name: big boss 30.09.10.gif Size: 21 KB
  • #14,326
  • Sep 29, 2010 11:33pm Sep 29, 2010 11:33pm
I am new to daily charts so I have a question about the data contained therein. My Sunday candles for the most part all seem to be really small ranged candles. Is this because the market is not open for long before the candle prints on Sunday? If so, should we disreguard the Sunday candle as a viable signal if it prints as a SS or Hammer?
  • #14,327
  • Sep 29, 2010 11:39pm Sep 29, 2010 11:39pm
Quoting pipmyride
Yes but we all know a SS comes after an upward move right ? We dont short a SS after a downmove.

How can you say overall trend is down but all 3 TF's are up ??


absolutely and at this point, not triggered
Yes but we all know a SS comes after an upward move right ? We dont short a SS after a downmove.

Yes, But we do not trade against the Boss and BB. Did you see what price did today? How many novice PASR traders do you think that bar wiped out? Probably a lot!

How can you say overall trend is down but all 3 TF's are up ??

Very easily! Price has been making LL's and LH's on the BB for over 5 years! BUT the immediate trend is UP on all three TF's.

absolutely and at this point, not triggered

When i said we need conformation to trade this setup i did not mean that we need the SS to be broken to the downside. I meant we need to see a BEEB following the SS and preferably closing below the 20. This bar would then be our setup bar and our SL would go above the SS.
  • #14,328
  • Sep 29, 2010 11:49pm Sep 29, 2010 11:49pm
Quoting Jideck
Hi Patrickhttp://cdn.forexfactory.com/images/icons/icon7.gif

What do you think about the hammer that is about to be finalised today, if this was a bit lower this could have been a good sign, but as it is now we just have to watch carefully.

Happy Tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
Hi Jideck,

No hurry on this one, yes indeed monthly looks like it stops going down. Let's see if price starts going up, the Boss will let us know.
  • #14,329
  • Sep 29, 2010 11:57pm Sep 29, 2010 11:57pm
Quoting CrudeCraig
Yes but we all know a SS comes after an upward move right ? We dont short a SS after a downmove.

Yes, But we do not trade against the Boss and BB. Did you see what price did today? How many novice PASR traders do you think that bar wiped out? Probably a lot!

How can you say overall trend is down but all 3 TF's are up ??

Very easily! Price has been making LL's and LH's on the BB for over 5 years! BUT the immediate trend is UP on all three TF's.

[color=Blue][b] absolutely and at this point,...


Hello CC, at the time posted pipm, Big Boss was down: To determine the immediate trend, I look at the previous weekly close of the candle; if up, wait a PASR on daily, but also look at the BB (his immediate direction no previous close).
is right to do so?
  • #14,330
  • Sep 30, 2010 12:27am Sep 30, 2010 12:27am
Quoting extraneo
Hello CC, at the time posted pipm, Big Boss was down: To determine the immediate trend, I look at the previous weekly close of the candle; if up, wait a PASR on daily, but also look at the BB (his immediate direction no previous close).
is right to do so?
Hello CC, at the time posted pipm, Big Boss was down


Yes and No, BB was down as far as the low of the August bar was broken BUT it was not a confirmed swing high yet as well.
  • #14,331
  • Sep 30, 2010 1:00am Sep 30, 2010 1:00am
Quoting TrendTradr
I am new to daily charts so I have a question about the data contained therein. My Sunday candles for the most part all seem to be really small ranged candles. Is this because the market is not open for long before the candle prints on Sunday? If so, should we disreguard the Sunday candle as a viable signal if it prints as a SS or Hammer?
Sunday bars are only from Auckland NZ market open 5:00PM NY time to about 2-3 hrs after if i remember correctly.
  • #14,332
  • Sep 30, 2010 4:18am Sep 30, 2010 4:18am
Quoting patrick25
I believe you but it will not go far because of the BOSS.
I better wait for 145 then
  • #14,333
  • Sep 30, 2010 4:44am Sep 30, 2010 4:44am
Quoting simpleman
I better wait for 145 then
Hello everyone,
is it too much asking anyone on the thread, to place on top (or in the title) of every reply or message, the pair they are talking about?
This way we don't have to go back and check what pair is discussed.
Hope it makes sense
Thanks
M
  • #14,334
  • Sep 30, 2010 6:39am Sep 30, 2010 6:39am
Quoting dorellino
Hello everyone,
is it too much asking anyone on the thread, to place on top (or in the title) of every reply or message, the pair they are talking about?
This way we don't have to go back and check what pair is discussed.
Hope it makes sense
Thanks
M
Read the first post on the this discussion one page before and then you will know what the pair is. HOPE IT MAKE SENSE
  • #14,335
  • Sep 30, 2010 9:17am Sep 30, 2010 9:17am
Quoting simpleman
Read the first post on the this discussion one page before and then you will know what the pair is. HOPE IT MAKE SENSE
No that doesn't make sense.....I agree with dorellino, just add the pair your talking about.

I'm new to this thread and between trying to catch up .. then decipher what you are talking about is just a bit tedious.
thanks for your understanding.
  • #14,336
  • Sep 30, 2010 9:22am Sep 30, 2010 9:22am
Quoting tradestar1
No that doesn't make sense.....I agree with dorellino, just add the pair your talking about.

I'm new to this thread and between trying to catch up .. then decipher what you are talking about is just a bit tedious.
thanks for your understanding.
This has been requested many times so:

PLEASE, if you want a discussion or comments on your post, IDENTIFY THE PAIR, whether it is on your chart or not - place it in the TITLE of the post.

This also applies to subsequent posts and discussions on that pair - IDENTIFY THE PAIR.

I have stopped wasting my time going back several pages to find out what pair it was being discussed.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,337
  • Sep 30, 2010 9:23am Sep 30, 2010 9:23am
Thank you strat..... Rock on.
  • #14,338
  • Sep 30, 2010 10:04am Sep 30, 2010 10:04am
Quoting No1Optimist
Interbank FX, London has everything you are looking for, MT4, micro-lots, tight spreads, etc.

The only reservation I have about them, is the lack of data on some of the cross pairs, sometimes only 2 or 3 years.

On the major pairs, data starts at around 1992.
Hi Roger,
I just downloaded IBFX demo platform and placed a demo trade with 0.01 per pips. For every 10 pips it is gain/loss is $1 that means every 100 pips will need $10 and three positions mean $30 and that means minmum $3000 account which I don't want to fund at the moment.

MT4 0.01 position look good because of 5 decimals whereas with non MT4 it is .10 with 4 decimlas and give you the same gain/loss for the same amount of risk amd FXCM US is giving lot more pair then IBFX.

Thanks for your help.
  • #14,339
  • Sep 30, 2010 10:05am Sep 30, 2010 10:05am
Dear Strat, can you post your opinion about euro/usd pair long term trend? BB shows lower highs and lower lows,so as I understand long tem trend for euro is Down,but taking in account Bernanke intensions for new round of money printing and the big flag pattern formed on the big boss, it look likes as continuation of euro multiyear Uptrend after this flag would be probably broken? Please, help me to solve this dilema. Thank you very much for your wonderfull thread! My respect
  • #14,340
  • Sep 30, 2010 10:10am Sep 30, 2010 10:10am
Sorry Strat, it is EUR/USD pair,
57 traders viewing now