Strat's Long Term Stress Free Trading | Page 738 | 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

  • #14,741
  • Nov 11, 2010 12:56am Nov 11, 2010 12:56am
Quoting zzz
yes no1 optimist i agree with you. if it was a hammer i would consider it to be an ideal entry into this trend. the way it looks would scare me off at the time, although you are further than me on the path so you probably see more.
Have a look at, and compare with the (imperfect) hammer you selected as your no1 entry point. Looks very similar to me.

Also the 19 August hammer is well supported by your static SR line at 0.9250 and your trend line.

I am still learning like you, and one thing I have learned is that it pays not to be too rigid when it comes to candle shape definitions.
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #14,742
  • Nov 11, 2010 8:36am Nov 11, 2010 8:36am
Quoting zzz
with both, Big Boss and Boss being bullish, would it be pasr technically correct to buy a break of a last green daily candle confirming HL3? Take profit then could be 85ish for a beginner style trade.
Break out trading is not my style - I prefer to wait for a pullback to the trend to re-test the 20.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,743
  • Nov 11, 2010 3:18pm Nov 11, 2010 3:18pm
Quoting strat
Break out trading is not my style - I prefer to wait for a pullback to the trend to re-test the 20.
One never now you can become familiar with it.Cheers
  • #14,744
  • Nov 11, 2010 3:22pm Nov 11, 2010 3:22pm
Quoting kratun
One never now you can become familiar with it.Cheers
No thanks, I need consistency for my trading and I have more consistent methods and strategies than that.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,745
  • Nov 11, 2010 3:26pm Nov 11, 2010 3:26pm
Ilike to see you post Mr.Strat but I wan to see that genuine Strat who I know from this forum determined,harsh etc,etc now I only see a very different man sorry for posting this but it's what I see . I liked your old attititude which keeped me interested ,now I see no reason why should I stay here and read a signal service instead reading some funny staff of Mr.Strat .Appologies no harm intended in writing this..
  • #14,746
  • Nov 11, 2010 3:47pm Nov 11, 2010 3:47pm
Bah tihs was a mistake I have to admit,appologies for that. you're the man who keep me posting in this forum.Sorry for posting this.One never write bulshit when in influence under alchocol.Sorry Mr. Strat just the occasional slip.Forget my post.Thank you
  • #14,747
  • Nov 11, 2010 3:52pm Nov 11, 2010 3:52pm
Quoting kratun
Bah tihs was a mistake I have to admit,appologies for that. you're the man who keep me posting in this forum.Sorry for posting this.One never write bulshit when in influence under alchocol.Sorry Mr. Strat just the occasional slip.Forget my post.Thank you
No problem at all young man! Many a truth is spoken under the affluence of incohol. Also interesting that you like my abrasive, piss 'em off, pain in the ass attitude - you must be among the chosen few - consider yourself a fully fledged Strat fan!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,748
  • Nov 11, 2010 4:04pm Nov 11, 2010 4:04pm
Ah thanks for that a real gentleman.Best wishes...
  • #14,749
  • Nov 11, 2010 7:30pm Nov 11, 2010 7:30pm
Quoting zzz
with both, Big Boss and Boss being bullish, would it be pasr technically correct to buy a break of a last green daily candle confirming HL3? Take profit then could be 85ish for a beginner style trade.
Perhaps you are better served in here at the 82 level.
  • #14,750
  • Nov 11, 2010 11:18pm Nov 11, 2010 11:18pm
I understand that trading the pullbacks is much safer than breakouts, and I will be trading this way. I remember that preserving the trading capital is rule number 1.
  • #14,751
  • Nov 12, 2010 9:11am Nov 12, 2010 9:11am
Quoting zzz
I understand that trading the pullbacks is much safer than breakouts, and I will be trading this way. I remember that preserving the trading capital is rule number 1.
Yes indeed!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,752
  • Nov 12, 2010 11:49am Nov 12, 2010 11:49am
Dear Strat,

Today's candle whipsawed my second position, since yesterdays candle scared me to trail my SL below its low.
It looks as if one has to let a lot of room for a trade to breath, room which may endanger profit (if any) from previous positions.
Was trailing the SL wrong?
Should one feel ok to risk all profit in order to stay in a trade or play it safe and get out with little winings?

Thanks in advance
Greek Bouncer
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 16 KB
  • #14,753
  • Nov 12, 2010 12:42pm Nov 12, 2010 12:42pm
Quoting Rubens PP
Dear Strat,

Today's candle whipsawed my second position, since yesterdays candle scared me to trail my SL below its low.
It looks as if one has to let a lot of room for a trade to breath, room which may endanger profit (if any) from previous positions.
Was trailing the SL wrong?
Should one feel ok to risk all profit in order to stay in a trade or play it safe and get out with little winings?

Thanks in advance
Greek Bouncer
Today's candle whipsawed my second position, since yesterdays candle scared me to trail my SL below its low.
It looks as if one has to let a lot of room for a trade to breath, room which may endanger profit (if any) from previous positions.
Was trailing the SL wrong?

What did your PLAN say? Did you make a PLAN for this trade?

Which strategy were you trading - 3 position or 2 position?

In either case, your 1st position is TP at 100 pips or ATR(10) AND move SL to BE for your remaining positions.

Assuming you entered on Nov 11 off the prior day's BUEB, your "safe" profit potential is only 160 or so pips based on the down TL.

As such, your 2nd position should be TP at the down TL, in fact with such a small profit potential, your trade should have only been one position.

 Should one feel ok to risk all profit in order to stay in a trade or play it safe and get out with little winnings?

Are you trading for the thrill or the reward?

A bird in the hand is worth two in the bush - ALWAYS lock in some profit even if it is to the detriment of the remaining positions - you can always re-enter if the conditions warrant it.

Making 50 pips is better than BE
BE is better than losing
Everything and anything is better than losing

Don't confuse styles of trading - make sure your PLAN (and you) details the type of trade (scalp, basic PASR, swing, trend).
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,754
  • Nov 12, 2010 5:28pm Nov 12, 2010 5:28pm
Dear Strat,

I have yet to figure out one, two or three position entries. It all has to do with the PLAN as you say, which is the projection/ scenario each of us plots for PRICE in the future.

A big "thank you" for taking time and helping out.

Greek Bouncer
  • #14,755
  • Nov 12, 2010 5:47pm Nov 12, 2010 5:47pm
Quoting strat
Hanging onto the Strat Shadow by the skin of its teeth!

Please, can someone define this term for me? A reference to a previous post where it has presumably been defined would be much appreciated. (And yes, i have tried searching the thread but I can't pull up the original reference or definition).
Thanks to anyone who can enlighten me...
  • #14,756
  • Nov 12, 2010 6:56pm Nov 12, 2010 6:56pm
Quoting trogger
Please, can someone define this term for me? A reference to a previous post where it has presumably been defined would be much appreciated. (And yes, i have tried searching the thread but I can't pull up the original reference or definition).
Thanks to anyone who can enlighten me...
Hi Trogger
This is my interpretation
It is the area which is in between the 20 and 50 moving averages.
For instance price would be repelled by the strat shadow in order to contunue on its trend. Strat was refering to price hanging on to the strat shadow and to watch what happens next. If price breaks through it could be interpreted as one of the first steps to a trend change on the worker.
Hope this helps.
PASR student.
  • #14,757
  • Nov 13, 2010 2:26pm Nov 13, 2010 2:26pm
Ok i after some thoughts ,i decided I.m to stay here wanted or unwanted, i.m going anywhere,just a lovely place i found for a lonely drunkyar.thanks.so what thoughts on the markets ?Where is Mr StraT /
  • #14,758
  • Nov 13, 2010 6:18pm Nov 13, 2010 6:18pm
Quoting kiwipom
Hi Trogger
This is my interpretation
It is the area which is in between the 20 and 50 moving averages.
For instance price would be repelled by the strat shadow in order to contunue on its trend. Strat was refering to price hanging on to the strat shadow and to watch what happens next. If price breaks through it could be interpreted as one of the first steps to a trend change on the worker.
Hope this helps.
Go to the top of the class!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,759
  • Nov 13, 2010 6:19pm Nov 13, 2010 6:19pm
Quoting kratun
Ok i after some thoughts ,i decided I.m to stay here wanted or unwanted, i.m going anywhere,just a lovely place i found for a lonely drunkyar.thanks.so what thoughts on the markets ?Where is Mr StraT /
Somebody has been on the booze again!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,760
  • Nov 15, 2010 11:52am Nov 15, 2010 11:52am
Hello Traders!

This is my first post here, but I spent some time going through begining of this thread and through the index on the website reading different examples. But I still cannot get how you get the S/R levels. Ok it is clear to me they are the bar close (not hi/lo) but how do you get them? Which ones you use for Resistance, S1, Support, R1?

Can someone please point me to post so I can finally get it? Thank you very much.

Kind Regards,
Adilius07
6 traders viewing now