Strat's Long Term Stress Free Trading

Hey stewrigh,

My main SR levels are always Big Psycho Number (or Big Round Numbers), as I believe they are objective levels that big boys are watching (and using). In this instance I chose 1.35 to watch for a long trade because of the following reasons:
- there was a consolodation of 3 weeks below 1.35 folowed by a (possible) real demand bar
- the demand bar broke through the recent TL that hold the downtrend
- also broke the 20 EMA and closed above it.

So that's why I'm currently watching it, but if there will be a close below 1.35 then I will be a bear again.

Cheers,
-soso

In my humble opinion.

Yeah I see what you mean but I draw my S/R off previous PA and they are zones, up to 100 pips wide.

Your answer is here: http://www.google.com/search?q=IMHO

I thought we don't do anything between the worker 20ema & 50ema trap?

Dear Strat,
It is interesting that you talk about SHORTing USDCHF on the 2nd Nov BEOB when both Boss (BUOB and spinning top maybe?) and Big BOSS (October Hammer) were pointing up. To be honest I was looking for opportunity to LONG.
Would you care to explain?

Thanks in advance
Greek Bouncer

The last bar, an IB which closed with NY, was changed during Asian trading to a bullish bar as they sold JPY. This puts the buyers back in control for a run up to recent highs at 82.

Correct, but the trade would have been initiated outside (below) the 20/50 trap.

On the Worker, PRICE is going from top left to bottom right. In a strong down trend we sell pull backs to the trend. PRICE was held and contained by the 50. The BEEB on Nov 2nd was the signal to sell back to support.

TRADE UPDATE USDCHF 3/11/2010
Entry off the low of the BEEB and price below Strat shadow.
Entry @ 0.9745
Stop @9975
First target met of 100 pips, ⅓ of position closed.
Stop now @ Entry
Looking for 0.9570
⅔ of Trade now closed, now Trailing stop @ 120 pips
Currently last position still alive but in good profit.

i think we have an excellent opportunity to enter in a potential long trend up in GBPCHF. Big Boss printed a double bottom, Boss just had a huge BUOB which reasonably retraced last week, and the Walker just printed a hammer from 50/62 ice cream level, having closed right above 20. i believe it is a perfect beginners style trade with take profit at 1.5800 and a great opportunity for those who are trading long runs to get into a possibly forming up trend. the up break of 1.6000 will be an ultimate confirmation of a trend change then. i also believe it was an earlier opportunity to enter long, similar to what Strat was showing before, but i am not at that level yet.
does it all sound right?

zzz, beside the fact we call it WORKER and not "Walker" I agree with you.

Walker!! I like this definition as long as it walk in your direction

Good job. Triple pip heaven baby! I missed the BEEB need to get on the stick here.

you are right hcristea, i should have said Worker

Yes, good analysis except we expect PRICE to test psycho 1.59 again. We need to watch all time frames for the HL - HH - HL progression to confirm a trend change.

Strat Squeeze in play

Yet another Forex System in my emails this morning full of the usual BS and market hype - read how they tell you NOT to use indicators but as they "push" their system, want you to use THEIR "custom" indicators - expensive conflict!



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what is that Strat?

Hello Horatiu
it is when the Strat shadow is being squeezed and despite the squeeze we are still in the Red Zone. there has been strong demand bars and yet the shadow is being squeezed.
Looking to for Pa short.
At least my interpretation of it.