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Strat's Long Term Stress Free Trading

  • #15,361
  • Mar 28, 2011 4:08pm Mar 28, 2011 4:08pm
Even if the MA's shows a strong bullish momentum, if you zoom out, you see this pair it's in a range for some time and the price simply hit the ceiling.

1.6250-1.64 is a zone of strong supply. Price went strong up in the supply zone and then came the selling which was really strong. The BEEB was more than ATR(10) = very strong momentum on that bar. If the Big Boys were behand the bullish candle, then the next candle should have been a bullish marubozu because the balloon just exploded. But instead there was the bearish long candle. This told me the Big Boys are selling instead.

It was stress free (as free as it can get)
  • #15,362
  • Mar 29, 2011 1:03am Mar 29, 2011 1:03am
i have been able to exit my trade in profit,think i did manage it very well and thats what matters.Now looking at gbpchf to see if there's gonna be some opportunity to take some trade.Missed out on gbpaud last week,it would have been a good ride.Positive pips to you all.
  • #15,363
  • Edited 4:49am Mar 29, 2011 4:44am | Edited 4:49am
Hi team.
Been kinda busy.
Had I got the time to post this when I first thought to, title seemed appropriate inasmuch as she hasn't been too keen on revealing too much of her topside lately.

Now its 4 times.
I shorted yesterday's topside failure on the shorter time frames.(No, not strictly in accordance with this thread) Stop is pretty obvious. Target open.
Regards to all.
Attached Image (click to enlarge)
Click to Enlarge Name: aud.nz.gif Size: 9 KB

PS: Check the weekly and the long term (20year) chart.
  • #15,364
  • Mar 29, 2011 1:49pm Mar 29, 2011 1:49pm
Quoting trogger
Hi team.
Been kinda busy.
Had I got the time to post this when I first thought to, title seemed appropriate inasmuch as she hasn't been too keen on revealing too much of her topside lately.

Now its 4 times.
I shorted yesterday's topside failure on the shorter time frames.(No, not strictly in accordance with this thread) Stop is pretty obvious. Target open.
Regards to all.Attachment
PS: Check the weekly and the long term (20year) chart.
We will change hand when price gets 1.3450 level. I am waiting for price to take out all the longs at this level then I will fill my orders for long again.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd-03-29-11.gif Size: 14 KB
  • #15,365
  • Mar 30, 2011 4:57am Mar 30, 2011 4:57am
I am in with the bears on this pair,still waiting for further confirmation to take a short.
  • #15,366
  • Mar 30, 2011 5:05am Mar 30, 2011 5:05am
Besides, i may just relax and wait till next week before i place any trade on any pair,just watching out for the non farm pay roll news on friday,but who knows,if i see price giving a very good signal on any pair,might grow impatient.Positive pips to you all.
  • #15,367
  • Mar 31, 2011 1:37am Mar 31, 2011 1:37am
Basic PASR trade, will add more if PA around Strat shadow, worst case it's a loss.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdchf-03-31-11.gif Size: 13 KB
  • #15,368
  • Mar 31, 2011 2:41am Mar 31, 2011 2:41am
Long term trend is still down but Boss is forming a huge W reversal pattern and price is being support Boss Strat shadow. A little bit risky trade but that what you are paid for being early.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurcad-03-31-11.gif Size: 17 KB
Click to Enlarge Name: eurcad-03-31-11w.gif Size: 13 KB
  • #15,369
  • Mar 31, 2011 5:19am Mar 31, 2011 5:19am
hammer at 20ema signifying rejection. everything lines up.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-31_1815.jpg Size: 99 KB
  • #15,370
  • Edited 7:16am Mar 31, 2011 6:16am | Edited 7:16am
Quoting herzog21
hammer at 20ema signifying rejection. everything lines up.
you mean ss ?
  • #15,371
  • Mar 31, 2011 6:19am Mar 31, 2011 6:19am
Quoting trogger
?
i guess u r only capable of making a '?' .
  • #15,372
  • Mar 31, 2011 6:35am Mar 31, 2011 6:35am
Quoting strat
EURUSD
Perhaps it's just a large flag.
  • #15,373
  • Mar 31, 2011 10:19am Mar 31, 2011 10:19am
Quoting bjpumping
I am in with the bears on this pair,still waiting for further confirmation to take a short.
This started out as profit taking then the sellers came in but they could only sell it down to support at 1.35 So far, nobody wants to sell below 1.35

Sellers not selling usually means one thing...................................
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,374
  • Mar 31, 2011 10:23am Mar 31, 2011 10:23am
Quoting herzog21
hammer at 20ema signifying rejection. everything lines up.
Be careful! Look at all that Worker support at 1.46 If that doesn't hold, check what the Boss is holding
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,375
  • Mar 31, 2011 10:26am Mar 31, 2011 10:26am
Quoting Alexandra
Perhaps it's just a large flag.
No perhaps, it most definitely IS.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,376
  • Apr 1, 2011 5:28am Apr 1, 2011 5:28am
Quoting patrick25
Long term trend is still down but Boss is forming a huge W reversal pattern and price is being support Boss Strat shadow. A little bit risky trade but that what you are paid for being early.

Hey there patrick,

Took the trade myself, SL below Hammer.
Thing is I didnt trail on yesterdays buyers rejection candle. Maybe I should due to NFP.
How did you tackle it, are you still in?

GB
  • #15,377
  • Apr 1, 2011 10:42am Apr 1, 2011 10:42am
Quoting Rubens PP
Hey there patrick,

Took the trade myself, SL below Hammer.
Thing is I didnt trail on yesterdays buyers rejection candle. Maybe I should due to NFP.
How did you tackle it, are you still in?

GB
I got stop out as a loss. I have been a victim of shake out.
  • #15,378
  • Edited Apr 5, 2011 12:55am Apr 4, 2011 10:26pm | Edited Apr 5, 2011 12:55am
Quoting patrick25
I got stop out as a loss. I have been a victim of shake out.
As the Lyrics go:


"..history repeats itself its all been done by someone else the poor get screwed by those in wealth while we fight amongst ourselves no one even seems to care warning signs flash everywhere try to tell them everyday feel like there's no hope for change turn a blind eye you were warned ignore the signs, you were told dont act surprised, you were warned when you realize,you were told i have little faith in the human race we're doomed to repeat ourselves and make the same mistakes..."



Sound like something Strat mighta written?

Well, Remember This? (page 549)

http://www.forexfactory.com/nfs/cust...ar94837_20.gif strat
Commercial Member
Member Since Feb 2009
http://www.forexfactory.com/images/misc/10+kt.gif 4,165 Posts

http://www.forexfactory.com/images/icons/icon1.gif How many more times? Do NOT trade ahead of NFP!


.........
NEVER, EVER TRADE IN FRONT OF NFP.

If you already have positions ahead of NFP, just pull in your SL to protect positions and profits.

Usually, the volatility caused by NFP trading will cause the Friday bar to be an OB thus filling orders above and below the Thursday bar.

Add to this that the big boys usually do stop runs on, prior to and after, the NFP announcement.

Strat's PASR - The Home of Rock N Roll Trading!


Now, I ain't criticizing - I walked straight into the trade myself! - and paid the Big Boys (again!)
Attached Image (click to enlarge)
Click to Enlarge Name: eud.cad.d.gif Size: 17 KB


Strat's also mentioned that hammer/ss combo that appears 30 and 31 march as being a sign to avoid/defer entry (but I can't find his post on this).


Oh, When will we ever learn?
When will we ever learn? (and YES, I'd rather listen to Pete Seeger - anyday!)
  • #15,379
  • Apr 5, 2011 1:34am Apr 5, 2011 1:34am
hello house, i took a long on eurusd since yesterday and a short on audnzd. reason for my long on eurusd is because monthly is bullish and last week candle is also bullish,infact a bullish candle aster last 2 weeks bear candle plus last friday ended with the bulls taking over after the NFP news,though i am in negative now but i am still watching the trade for now.

i took the audnzd short cos last month was a long doji so to say,last 3 weeks and last 2 weeks candle were both doji's and last week ended with the sellers taking over hence my reason for the short.I am in the positive on this trade for now and i am looking at where this is heading to. Positive pips to you all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd long trade 05042011 fxpro daily.gif Size: 22 KB
Click to Enlarge Name: audnzd short trade 05042011 fxpro daily.gif Size: 18 KB
  • #15,380
  • Edited 2:11am Apr 5, 2011 1:51am | Edited 2:11am
Me-thinks someone on here maybe dyslexic!

Is that a shotgun I hears a-loading?

Any Indicator Strat maybe kind...?

And Shoot -stRaight for the heart..

Not to Prolong the misery?

P=? A=? S =? R=?

(Please - Anytime, Shoot Rookie!)

PS: Read the Thread
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