Strat's Long Term Stress Free Trading | Page 734 | 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

  • #14,661
  • Nov 2, 2010 4:26pm Nov 2, 2010 4:26pm
[quote=hcristea;4141772]some interesting oportunities?

EURGBP: Trend is bullish. Worker has a BUEB made at strong S @0.865. Confluence 20 ema + old bearish TL


Hello hcristea,

Great analysis! It' s been long since this thread has seen anything like it, if I may say.

However, the big RED bar on BOSS makes me reluctant in seeing any Longs for this pair. The TL has created BIG down moves in the past.
I will just wait and see what happens in the 8820 area.

Once again nice to see things are starting to build up again here!

Greek Bouncer
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 23 KB
  • #14,662
  • Nov 2, 2010 4:36pm Nov 2, 2010 4:36pm
Keep selling until it stop going down...........
Attached Image (click to enlarge)
Click to Enlarge Name: usdsgd02112010d.png Size: 40 KB
  • #14,663
  • Nov 2, 2010 4:37pm Nov 2, 2010 4:37pm
Pan out to the Monthly TF on EurGbp and see what candle you have there guys - remember the order of the higher time frames!! The only risks are the tightly clustered SR levels on this pair, often every 100 pips or so!
Trade less and become more profitable!
  • #14,664
  • Nov 2, 2010 4:59pm Nov 2, 2010 4:59pm
Quoting Grimweasel
Pan out to the Monthly TF on EurGbp and see what candle you have there guys - remember the order of the higher time frames!! The only risks are the tightly clustered SR levels on this pair, often every 100 pips or so!

Are you referring to the SS like october candle or the BUOB september candle?
  • #14,665
  • Nov 2, 2010 5:00pm Nov 2, 2010 5:00pm
Quoting Rubens PP
However, the big RED bar on BOSS makes me reluctant in seeing any Longs for this pair. The TL has created BIG down moves in the past.
I will just wait and see what happens in the 8820 area.
Rubens, usually yes. Looking at Big Boss SS (as Grimweasel is pointing out) and on Boss (BEOB), both upper timeframes are signaling a possible reversal in the current trend and there should be no trade against them.

However I believe that there are no sellers and all the bearish move was caused by the lack of buyers. The price dropped in the last few days of the month, until the vecinity of 0.865 support. At this support buyers came in an moved the price UP fast. This tells me that the demand is great here and probably the big boys will like the price back to 0.884 where they might try another masive sell.

It is also possible that big boys are causing this fake demand to lure in novice buyers so they can sell more? who knows. I will take this trade as an exercise to see how I can manage it. This means the position will be small. We also have a week full of high impact news and I will consider this fact too.
  • #14,666
  • Nov 2, 2010 8:55pm Nov 2, 2010 8:55pm
We have finally cleared that Oct 09 candle and while a run to 82 vs US may be on the cards, it is worth pointing out that we are now at levels where the RBNZ intervened (for the first time ever) back in 2007.
Many here speculate that we won't see RBNZ making a play this time at these levels (as we are relatively low against our major trading partner Australia). Nonetheless, caution may be sensible.
  • #14,667
  • Nov 2, 2010 10:51pm Nov 2, 2010 10:51pm
Quoting strat
Congratulations. Many would have just bought in the face of Resistance.
...And a few would have bought at support!
  • #14,668
  • Nov 2, 2010 10:53pm Nov 2, 2010 10:53pm
Quoting simpleman
Let's see which way it breaks......
Well done.
  • #14,669
  • Nov 2, 2010 10:57pm Nov 2, 2010 10:57pm
Quoting herzog21
IMHO, we should be looking for longs here. Let's us observe the PA on the daily chart BEARING IN MIND, the immediate trend on the B and BB.
I may be wrong though.
No you're not. That was the proper read. Speaking of reading, not much to read since my last visit here a while ago.....
  • #14,670
  • Nov 3, 2010 4:51am Nov 3, 2010 4:51am
Quoting stewrigh
John,

The original post ( http://www.forexfactory.com/showpost...ostcount=14588 )was postulating that price would go to 61 when it was at 58. This time I called it right but I just got lucky I guess.

better to stay out.

Absolutely. The boat has left port already - 58 was the price to get in at..
Wish I had traded this, but I don't trade cable - maybe I should - LOL.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 99 KB
  • #14,671
  • Nov 3, 2010 7:23am Nov 3, 2010 7:23am
Quoting stewrigh
Wish I had traded this, but I don't trade cable - maybe I should - LOL.

Attachment
That's 4hr you have posted, but the day is not over what if the worker ends the day as a SS?
  • #14,672
  • Nov 3, 2010 7:40am Nov 3, 2010 7:40am
Quoting kalvind
That's 4hr you have posted, but the day is not over what if the worker ends the day as a SS?
That's bcos I don't trade cable LOL. But IF I did Iwould be trading off the daily(see previous posts.

The H4 chart was for illustrative purposes only.
  • #14,673
  • Nov 3, 2010 12:21pm Nov 3, 2010 12:21pm
GBPCHF - squeeze and kiss!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 35 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,674
  • Nov 3, 2010 4:51pm Nov 3, 2010 4:51pm
If you go to the calendar here in FF, you will see all the red flags against the major currencies - when you see all this blood you want to make sure its not yours!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,675
  • Nov 3, 2010 5:28pm Nov 3, 2010 5:28pm
Quoting strat
If you go to the calendar here in FF, you will see all the red flags against the major currencies - when you see all this blood you want to make sure its not yours!
Hi Strathttp://cdn.forexfactory.com/images/icons/icon7.gif

Indeed, it is a good time to do some more chart studying and any trades would have a interesting time with all the spikes and subsequent falls today.

Happy tradinghttp://cdn.forexfactory.com/images/icons/icon14.gif
Jideck
  • #14,676
  • Nov 4, 2010 3:19am Nov 4, 2010 3:19am
Important level for this pair I see here.Lets see what the price will do by the NY close.A bearish sign is needed for a short position to be taken IMO.Any comments will be well appriciated.
Attached Image (click to enlarge)
Click to Enlarge Name: eur1.gif Size: 38 KB
  • #14,677
  • Nov 4, 2010 4:48am Nov 4, 2010 4:48am
Quoting kratun
Important level for this pair I see here.Lets see what the price will do by the NY close.A bearish sign is needed for a short position to be taken IMO.Any comments will be well appriciated.
Buy the dip mode with first target 121. Short? NO. The harmony points up from 112.50.
  • #14,678
  • Nov 4, 2010 5:39am Nov 4, 2010 5:39am
I won't buy anything I'd rather sell by the end of the day,or stay in cash.Anyway thanks for your reply.
  • #14,679
  • Nov 4, 2010 8:55am Nov 4, 2010 8:55am
Quoting kratun
Important level for this pair I see here.Lets see what the price will do by the NY close.A bearish sign is needed for a short position to be taken IMO.Any comments will be well appriciated.
The last thing you want to be is short when ALL 3 time frames are UP and AGAINST you
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,680
  • Nov 4, 2010 9:30am Nov 4, 2010 9:30am
Quoting strat
The last thing you want to be is short when ALL 3 time frames are UP and AGAINST you
Very well Mr.Strat very well,You're right won't bother with this pair,thank you for your help,much appreciated.
11 traders viewing now