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Strat's Long Term Stress Free Trading

  • #15,041
  • Dec 29, 2010 3:02am Dec 29, 2010 3:02am
Opinion makes market "A Market" and without an opinion trader won't be a trader. One trader sees BEEB in downtrend and he sells beacuse in his opinion the market will go down but another trader looks at it differently and it is his opinion which is completely fine. Big boys have opinion that EURO will survive and rest of us think it will not or may be other way around (lol) and these are opinions which can be wrong or right.
  • #15,042
  • Dec 29, 2010 6:53am Dec 29, 2010 6:53am
Quoting strat
Very good observations but unless you have huge accounts, trading the Big Boss and Boss is difficult due to the huge SLs. The secret is to transfer the information from the Big Boss and Boss to the Worker.

The whole key to EURUSD right now is the CONTROLLING Boss hammer on W/E on Dec 03. Until we get a CLOSE outside of this BOSS Hammer, PRICE will continue to slip slide around, up and down that Hammer.

Your insight on the hammer gave me another perspective on the PA. Now, I just took a peek at the EU worker: the SS (14-Dec) and BEOB (17-Dec & 28-Dec) all retreating from DSRI appear to be threatening the tail of that hammer. Perhaps we’ll have that break and close below the tail as a New Year ATM gift
  • #15,043
  • Dec 29, 2010 12:54pm Dec 29, 2010 12:54pm
Quoting geniusztc
strat's emas are so great, so great. (20,50,100,250ema),that is all i want to say.
in your trading journal you use 365, why ?
  • #15,044
  • Dec 30, 2010 6:08am Dec 30, 2010 6:08am
Quoting simpleman
Hi Jeg,
Please post your charts to explain your understanding bit more.
Thanks
Hi Simpleman, I found your post #12792 on how to attach charts, so here goes..
Attached File(s)
File Type: doc EU CHARTS WK52.doc   292 KB | 488 downloads
  • #15,045
  • Dec 31, 2010 11:06am Dec 31, 2010 11:06am
Quoting jegwele
Hi Simpleman, I found your post #12792 on how to attach charts, so here goes..Attachment
Thanks, you seem to have good understanding.
  • #15,046
  • Dec 31, 2010 11:27am Dec 31, 2010 11:27am
Here is an excerpt of what was posted on www.stratsforextrading.com:

Here we are at the end of another year and the beginning of a new one. This is our opportunity to review the last year and PLAN for the new one.

Take the time to look back over YOUR performance in 2010 – do a SWOT analysis – be critical of yourself and your performance but also be PROUD of yourself when you did good.

Trading is many things but a couple of important ingredients are DOING and CONFIDENCE.

Now for goal setting!

FIRST – Make sure you read and UNDERSTAND the posts I made after Christmas – there were reasons why I posted them then and this is one of them!

Use the “SMART” approach


Next apply COMMON SENSE.


Next, remove all and any TIME elements from your goals, thinking and DOING.

Next, BELIEVE.

Strengthen your BELIEF system so that you BELIEVE in YOURSELF and PASR so that YOU will be SUCCESSFUL and PROFITABLE.

NEVER trade if you are not in a POSITIVE frame of mind.

NEVER approach anything to do with trading if you are not in a POSITIVE frame of mind.

The idiots on the various threads who are negative and destructive will never make it in life let alone in trading.

If losing makes you feel bad then you have not UNDERSTOOD my teachings.


Finally, TEAM

We are all THE TEAM! There is nothing better in trading than trading in an environment where you can be open and honest and work together as a TEAM to help each other. A TEAM working TOGETHER grows TOGETHER.

The financial income from this website is nothing, NOTHING compared to the personal satisfaction I get seeing each of you grow, bit by bit and slowly but surely into SUCCESSFUL and PROFITABLE traders.

So, the Time Has Come (Billy Fury 1962) to wish you all a safe, constructive, positive, successful and profitable 2011.

HAPPY NEW YEAR!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,047
  • Dec 31, 2010 11:46am Dec 31, 2010 11:46am
I wish you all a very happy peaceful and prosperous new year.
If you can wait and not be tired by waiting...
  • #15,048
  • Dec 31, 2010 11:54am Dec 31, 2010 11:54am
Quoting strat
Here is an excerpt of what was posted on www.stratsforextrading.com:

Here we are at the end of another year and the beginning of a new one. This is our opportunity to review the last year and PLAN for the new one.

Take the time to look back over YOUR performance in 2010 – do a SWOT analysis – be critical of yourself and your performance but also be PROUD of yourself when you did good.

[font=Arial]Trading is many...
Happy New Year to you too Strat. Thank you for helping traders to become profitable traders. I am sure one of them have benefit a lot from your help. I am slowly but surely understanding and seeing things that I was not seeing two years ago.
  • #15,049
  • Dec 31, 2010 2:20pm Dec 31, 2010 2:20pm
No doubt this pair is now on everyone's radar.

Where this goes from here will, in all probability, depend on fundamentals (whether we like it or not!) and in particular the interest rate differential.
I am out.
Will be watching key releases in the new year and looking for next direction - not necessarily down.

Attached Image
  • #15,050
  • Jan 1, 2011 5:57am Jan 1, 2011 5:57am
EURAUD, all TFs short, SS on res. 1,3076
The only thing missing is solid retracement to 50% of previous move
Attached Image (click to enlarge)
Click to Enlarge Name: ea.gif Size: 18 KB
  • #15,051
  • Jan 1, 2011 6:46am Jan 1, 2011 6:46am
PASR summary for next week
Attached Image (click to enlarge)
Click to Enlarge Name: checklist.gif Size: 36 KB
  • #15,052
  • Jan 2, 2011 11:02am Jan 2, 2011 11:02am
I would like to wish everyone a happy new year. May this year be your most rewarding year ever in every department of your life including forex.
  • #15,053
  • Jan 3, 2011 11:57am Jan 3, 2011 11:57am
Second position was stopped out, last position is still @ BE. Will see what price action @ 20. Will play with market money with price action.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-01-03-11.gif Size: 14 KB
  • #15,054
  • Jan 3, 2011 3:33pm Jan 3, 2011 3:33pm
Strat PASR trades taken at A, B, C, D & E

So simple even my one legged, deaf and dumb blind old man could have taken these!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 30 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,055
  • Jan 3, 2011 4:46pm Jan 3, 2011 4:46pm
Quoting strat
Strat PASR trades taken at A, B, C, D & E

So simple even my one legged, deaf and dumb blind old man could have taken these!

Happy new year Stat,

If I might ask, is D supposed to be evaluated along with its' preceding candle, or in isolation

Thank you
GB
  • #15,056
  • Jan 3, 2011 4:55pm Jan 3, 2011 4:55pm
Quoting Rubens PP
Happy new year Stat,

If I might ask, is D supposed to be evaluated along with its' preceding candle, or in isolation

Thank you
GB
Not on that trade BUT to trade my PASR method you must always be aware of candles relative to each other and our MAs
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,057
  • Jan 4, 2011 2:24pm Jan 4, 2011 2:24pm
Well, the big boys are definetely back trading again,
big moves across all charts today..

GB
  • #15,058
  • Jan 4, 2011 3:57pm Jan 4, 2011 3:57pm
Quoting strat
Strat PASR trades taken at A, B, C, D & E

So simple even my one legged, deaf and dumb blind old man could have taken these!
seems like we shouldnt always look for correct trend (A) or any retracement (D). Also A is not realy BEOB, because previous day is sunday. And D is not SS for sure, because it is not after any uptrend - the wick of the SS should be the highest point of the formation. But in hindsight it looks realy interesting.
  • #15,059
  • Jan 4, 2011 5:40pm Jan 4, 2011 5:40pm
Quoting Milan
seems like we shouldnt always look for correct trend (A) or any retracement (D). Also A is not realy BEOB, because previous day is sunday. And D is not SS for sure, because it is not after any uptrend - the wick of the SS should be the highest point of the formation. But in hindsight it looks realy interesting.
Milan,

My eurjpy trade was base on similar anlaysis on Strat's Gbpchf trade with involving Boss direction and Worker PASR around our EMA. A lot of negative about Strat of late because they don't understand the method. Strat posted on Gbpchf trade is pure gold to me because it is a comfirmation of my understanding his method. If any of you think it is a hindsight trade, then you don't understand the method yet. Let me help you understand a little more from his trade. Boss trend is down, 20&50 pointing down, and price is @ 20. Worker is trending up, 20&50 crossed but can not make HH that is showing weakness and that we call read price action beyon candles. It is not hindsight I have done it on eurjpy trade which BTW my last position was stopped out to the pip @ BE.
  • #15,060
  • Jan 5, 2011 8:37am Jan 5, 2011 8:37am
EU DSRI, 100ema support (Nov-17), turned resistance (Dec-5, 14, & Jan-2, 4). Daily chart, weekly perspective, a la Strat. The southbound EU express is gathering speed imo.
Attached File(s)
File Type: doc EU CHARTS WK1.doc   147 KB | 319 downloads
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