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Strat's Long Term Stress Free Trading

  • #15,021
  • Dec 26, 2010 3:31pm Dec 26, 2010 3:31pm
Quoting Milan
Hello, I tried to do my analysis of forex market in the spirit of Strats trading. So I made a checklist of all majors pairs.

Meaning of abbreviations, criteria (my understanding):
Monthly trend - I look on direction of last 2 or 3 candles for immediate trend. Mostly if 2 of 3 candles are aligned to one direction, it is also monthly immediate direction of trend.
Weekly trend - depends on HHs and HLs for uptrend, swings doesnt have to be confirmed, if there is a new LL in preceding uptrend, I consider it like a strart of new downtrend.
Daily trend...
It is worth it to do it if you get value out of it and it means something to you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,022
  • Edited 8:38pm Dec 26, 2010 8:20pm | Edited 8:38pm
[quote=strat;4263138]
Quoting Alexandra
1000 pages and still so many counter trend trades.[/quote

Yes, Alexandra, BUT very profitable for those that know what they are doing - unfortunately, the 95% don't.

Good to see you again, m'dear
Just an observation. I wasn't speaking soley to you, Trogger, but there seemed to be a run of ill-timed counter trades justified by the flavor of the day fundamantal report. I grabbed your post as a sounding borad, but I am aware that you kept your powder dry. I could have written, "Are you an idiot'?" But Strat would not have liked that. On that note, Happy Holidays to all of you. More importantly, how many of you were prepared for today's opening or, more importantly, are posed to act on the close???

My eyes are on Chunnel, in addition to the A/J response
  • #15,023
  • Dec 27, 2010 6:06am Dec 27, 2010 6:06am
My eyes are on Chunnel, in addition to the A/J response[/quote]

Chunnel??
Spinner 'Tis in the Waiting.....
  • #15,024
  • Dec 27, 2010 7:45am Dec 27, 2010 7:45am
Quoting Spinner
My eyes are on Chunnel, in addition to the A/J response
Chunnel??[/quote]

Alexandra's name for EURGBP
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,025
  • Dec 27, 2010 3:10pm Dec 27, 2010 3:10pm
Quoting strat
Chunnel??
Alexandra's name for EURGBP[/quote]

Aha I thoought it cud be the "Unglish Chunnel" or the "Euro Chunnel"

Spinner 'Tis in the Waiting.....
  • #15,026
  • Dec 27, 2010 3:51pm Dec 27, 2010 3:51pm
Many wishes to everyone in the thread and of certainly a big thanks to Strat for creating this wonderful liaison.

CHFJPY: Is it TIME yet?

GB
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  • #15,027
  • Dec 27, 2010 4:12pm Dec 27, 2010 4:12pm
Quoting Rubens PP
Many wishes to everyone in the thread and of certainly a big thanks to Strat for creating this wonderful liaison.

CHFJPY: Is it TIME yet?

GB
Thanks, Rubens The Greek Bouncer but you didn't say to do what and what makes you think it is time?
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,028
  • Dec 27, 2010 4:17pm Dec 27, 2010 4:17pm
Dear Strat,

incl. the sunday bar I have two dojis on my data.
Dojis on S& EMA20 + both Boss and Big BOSS Up.
Long order in place @ 86.50

GB
  • #15,029
  • Dec 27, 2010 4:24pm Dec 27, 2010 4:24pm
Quoting Rubens PP
Dear Strat,

incl. the sunday bar I have two dojis on my data.
Dojis on S& EMA20 + both Boss and Big BOSS Up.
Long order in place @ 86.50

GB
The Worker and Boss are not in harmony with the Big Boss but if PRICE can hold above the Strat Shadow, they can turn around but until you have PASR it is a higher RISK
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,030
  • Edited 8:16pm Dec 27, 2010 8:04pm | Edited 8:16pm
[quote=Alexandra;4266295]
Quoting strat

Just an observation. I wasn't speaking soley to you, Trogger, but there seemed to be a run of ill-timed counter trades justified by the flavor of the day fundamantal report. I grabbed your post as a sounding borad, but I am aware that you kept your powder dry. I could have written, "Are you an idiot'?" But Strat would not have liked that. On that note, Happy Holidays to all of you. More importantly, how many of you were prepared for today's opening or, more importantly, are posed to act on the close???

My eyes are on...
Hello Alexandra

WRT to "Chunnel", would you be willing to post your thinking on this one - in a few days and after the action (if any) would be fine, as I fully accept that this is not a signal service.

From my own reading of the charts, I confess to not having any real conviction as to possible direction. The weekly looks constructive against the hammer with low approx 83.30 and it may be that a long is what you are hinting at with a target towards the upper trendline?

But even if we clear the wicks of 15 and 17 Dec, isn't it just as likely to meet resiatance around the 85.90 region?

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Appreciate any comments.
  • #15,031
  • Edited Dec 28, 2010 9:51am Dec 27, 2010 8:22pm | Edited Dec 28, 2010 9:51am
[quote=trogger;4268561]
Quoting Alexandra

Hello Alexandra

WRT to "Chunnel", would you be willing to post your thinking on this one - in a few days and after the action (if any) would be fine, as I fully accept that this is not a signal service.

From my own reading of the charts, I confess to not having any real conviction as to possible direction. The weekly looks constructive against the hammer with low approx 83.30 and it may be that a long is what you are hinting at with a target towards the upper trendline?

But even if we clear the wicks of 15 and...

For the most part it lies in the power of the daily SHS in the setting of a bullish Weekly and a consilidative Monthly. I pointed it out yesterday after the open, seeing the potential spring power of the daily chart to push towards a test of 8550, with a well-tested 2-day rejection of prices below 8500 giving a low risk entry. Fortunately 8550 occured - a large move for that market, and a lucrative one. I am holding on to mine, though there is little fault in taking profit here. The current price, should it hold, is quite bullish. Seeing it relatively early, it is time to find another market with similar potential. I am encouraged by the unilateral directon of A/J after the weak open yesterday. Perhaps it is EURUSD herself - my eyes are there at this point, and the market is responding nicely. Corresponding interest is in Loonie, which I always like given its fundamental base.
  • #15,032
  • Dec 28, 2010 9:10am Dec 28, 2010 9:10am
Quoting Rubens PP
Many wishes to everyone in the thread and of certainly a big thanks to Strat for creating this wonderful liaison.

CHFJPY: Is it TIME yet?

GB
50EMA act like a dynamic resistance on monthly
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  • #15,033
  • Dec 28, 2010 9:54am Dec 28, 2010 9:54am
Quoting glasso
50EMA act like a dynamic resistance on monthly

Could be,
or red down TL acting as R, likewise.

GB
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  • #15,034
  • Dec 28, 2010 11:06am Dec 28, 2010 11:06am
Quoting strat
That was a VERY NASTY hammer as it was basic PASR. Had it not been for my cycles not lining up I would have taken that and been taken to the cleaners!
Only if entered at market order. A buy pending order above the hammer would not have been triggered. This happens may times in strong trends.
I remeber USDCAD monthly hammer of .... (i dont have the charts to tell which month was but i remember the chart)
  • #15,035
  • Dec 28, 2010 11:55am Dec 28, 2010 11:55am
[quote=trogger;4268561]
Quoting Alexandra

Hello Alexandra

WRT to "Chunnel", would you be willing to post your thinking on this one - in a few days and after the action (if any) would be fine, as I fully accept that this is not a signal service.

From my own reading of the charts, I confess to not having any real conviction as to possible direction. The weekly looks constructive against the hammer with low approx 83.30 and it may be that a long is what you are hinting at with a target towards the upper trendline?
Don't underestimate our EMAs where their relation to SR and price. This is where we are waiting (notice I don't say looking for) trade setup with everything line up. I am wait for price to have a strong close above 50ema and 8600 + R before longing that way we will have 20&50 with us on Worker. As you can see, waiting is the best option for now or have a open mind for what if it countinues down. Boss has not made HH yet and 20&50 not crossed and we don't have a confirm HL yet as this time.
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  • #15,036
  • Edited 2:47pm Dec 28, 2010 2:35pm | Edited 2:47pm
The problem is stuck in the triangle so, I will look for SELL opportunity near 88.
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  • #15,037
  • Dec 28, 2010 5:04pm Dec 28, 2010 5:04pm
Here is an excerpt from what I posted on www.stratsforextrading.com

YOUR opinion.

The market does not give a damn about you or your opinions.

Read that again!

The market does not give a damn about you or your opinions.

Even if they are based on painstaking research, or from a “Forex Guru”, or the best fundamental analyst in the world, the market does not give a damn!

Maybe your opinion on market direction for the long term is correct, but it doesn’t mean that in the short term things can’t move against you.

Remember that there are tens, maybe hundreds of thousands of traders out there who also have an opinion. It is all these different opinions that can, and do, cause great fluctuations in PRICE on any given day or week regardless of YOUR opinion.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,038
  • Dec 28, 2010 6:15pm Dec 28, 2010 6:15pm
Quoting strat
Here is an excerpt from what I posted on www.stratsforextrading.com

YOUR opinion.

The market does not give a damn about you or your opinions.

Read that again!

The market does not give a damn about you or your opinions.

Even if they are based on painstaking research, or from a “Forex Guru”, or the best fundamental analyst in the world, the market does not give a damn!

Maybe...
Thats why its best not to have an opinion - just follow Dr Joe.
  • #15,039
  • Dec 28, 2010 6:26pm Dec 28, 2010 6:26pm
Quoting simpleman
The problem is stuck in the triangle so, I will look for SELL opportunity near 88.
Triangle or huge flag/penannt?

I would re-characterize Strat's view to say that one can have an opinion, but that one need not be ashamed of exiting against it. Mechanical trading, even using limited MA's does constitiute an "opinion," as does PA, fundamantal knowlege or any other technique. Were it a "fact," then it should never fail. Trading is the science of exiting, after all.
  • #15,040
  • Dec 28, 2010 10:12pm Dec 28, 2010 10:12pm
strat's emas are so great, so great. (20,50,100,250ema),that is all i want to say.
A chart helps those who can read it.
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