Strat's Long Term Stress Free Trading

I said I might be a bit early and will enter again and now we are off to the races!

First position closed, two positions @ breakeven.

Price came a few pips to my first position TP so I moved all three positions to breakeven.

Well boys, no comments on the effects on yen of tha S&P dwongrade?

Opportunity to short at better price..

OR may be we will see 85.

Long order in place above 83.5, first target 84.2

OPGHM

In Greek Bouncer language, does OPGHM mean "Oh Pray God Help Me?"

Since the Boss has not yet turned the corner, I would be very wary of counter trend trades at this time. Also, you would be better waiting for resolution of the triangles on both the Worker and Boss.

thanks strat, i understand that maybe i m eager to jump the gun on this one,
however i see the boss turning bullish above 83.2. Maybe fear of missing out on this one (as happened with eur and gbp moves) is crawling in.

By the way your greek is awesome, im impressed!

OPGHM

All roads point to 1.43

Line(s) in the sand before wellies out

Indeed!

So what's up with silver?

Anybody need a cheap silver pendant for the girl friend?

Or do we want it in gold and cheaper?

Whole planet is looking at these charts...Chinese, Indians, Russians, Dentists, Jewellers.....

But not me!

Let's wait for the resolution....

Hi Strat,

I've just started trading forex with a very limited capital but hope to learn more. I've joined few paid websites but found not suitable after few months. I am interested to join your private forum but found too costly ($100/month) for me to start as I don't know whether the method suits my personality or not and usually a learning curve would be about 3-6 months. I also noticed that you offer free membership after 12 months. However, I think most of the traders would be more willing to pay if they find your strategy works for them - what is $100/month if the strategy can bring them profitable trades of more than $100! Thus it is the initial stage that when traders are not sure of the suitability of the strategy, they are hesitate to invest both money and efforts(commitment of 3-6 months for learning). I can see from your forum that there are 331 registered users in about one year as you only started this forum in Jan2010. However only about 35 are paid members (those who have posted) and about 300 registered but hesitate to join - I guess these are potential newbies!

I therefore suggest that you come out with the payment scheme to help newbies like us:

a. 1 - 3 months: $10 Initial learning stage.
b. 4 - 6 months: $50 Find suitable but still not profitable yet.
c. thereafter: $170 Confirm member but will pay the difference over 6 months.

See attached for the actual payment chart. I fully understand the charge is absolutely necessary to attract only "sincere and serious" traders. However, with this payment scheme, you would be able to help more and more serious but newbies to start their trading career!

Regards,
Kim

Hi Strat,

I've read your document in "THE PATH". They are very useful. However, there isn't enough chart to explain the topic, eg. "15. Understanding the MAs", "16. Dr Joe", "25. Method Summary". I think a lot of topics can be best explained with real chart example especially the "25. Method Summary" which should show few "High Probable" trade setup examples...

The best is a video illustration of real chart example to explain the "high probable" trade setup.

Note: Is there another document that I can read on "20. Confirmed swing highs and lows" as it is very very confused? It seems that the explanation doesn't go according to the chart shown. What is "Bond" candle?

Regards,
Toyogo

Hi Toyogo, nice to see you around.

We may have a wee problem here, we have run out of silver spoons, so you may have to read a bit more...

My oppinion is if somebody is polite enough and ask questions, it would be nice when somebody generous could answer them.

Everything you need is here in this thread as long as you read and UNDERSTAND.

Many traders before you and still posting on here have read it, UNDERSTOOD it and applied it to their trading with profitable success.

You obviously have NOT read the thread if you don't understand the 20, confirmed swing highs and lows and Bond candles etc., etc.

Take the TIME and have the PATIENCE to READ and UNDERSTAND - there is no hurry - the markets will still be here however long you take.

There is no short cut to being a successful, profitable professional trader - you have to study and learn your profession just as you would if you wanted to become a lawyer, doctor etc.

Hi,

USDJPY is in strong down trend on mthly, wkly and daly. it has broken daily minor supp @82.00 and towards major support @80.20. I actually based on 4hrly chart to time the entry.

Break out trade:
Short Entry: 81.85 - filled at 02:36 EST.
SL : 82.20
T1 : 81.00
T2 : 80.30

Pls comment!

Regards,
Toyogo