Strat's Long Term Stress Free Trading | Page 779 | 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

  • #15,561
  • May 28, 2011 2:15am May 28, 2011 2:15am
Parity next for the kiwi?
Maybe the big boys are bored with the Aussie?
All time frames up.

Attached Image (click to enlarge)
Click to Enlarge Name: nzm.gif Size: 13 KB


Attached Image (click to enlarge)
Click to Enlarge Name: nzw.gif Size: 15 KB


Attached Image (click to enlarge)
Click to Enlarge Name: nzd.gif Size: 12 KB



I won't be buying an upside break of these levels, if it happens next week.
  • #15,562
  • Edited 3:51am May 28, 2011 2:22am | Edited 3:51am
Quoting patrick25
That is a beautifull PASR canle right there. It is a counter trend trade, I like it because it is at support of the three time fame and far away from 20&50.
I liked the look of this one too, Patrick.

Attached Image (click to enlarge)
Click to Enlarge Name: e.chf.gif Size: 13 KB


Pity.
  • #15,563
  • May 28, 2011 2:28am May 28, 2011 2:28am
Quoting patrick25
Back to the main down trend
Attached Image (click to enlarge)
Click to Enlarge Name: jpy.gif Size: 16 KB
  • #15,564
  • May 28, 2011 3:05am May 28, 2011 3:05am
http://japan.wyfxco.com/metatrader-i...a-smoothed.png


Free Heiken Ashi Smoothed for MT4 as mentioned.
  • #15,565
  • May 28, 2011 3:40am May 28, 2011 3:40am
Thanks for your comment.
  • #15,566
  • May 28, 2011 3:43am May 28, 2011 3:43am
audnzd trade,that was a fantastic one, you know i have been looking at this pair lately,but just of recent i just stopped watching it cos i took a trade on it few weeks ago and i lost 60 pips so i just ignored it. thumbs up to you,that was a nice trade. this thread has some of the best traders on this website i feel,thumbs up to everyone once again.
  • #15,567
  • May 28, 2011 4:38am May 28, 2011 4:38am
Quoting bjpumping
audnzd trade,that was a fantastic one, you know i have been looking at this pair lately,but just of recent i just stopped watching it cos i took a trade on it few weeks ago and i lost 60 pips so i just ignored it. thumbs up to you,that was a nice trade. this thread has some of the best traders on this website i feel,thumbs up to everyone once again.
and...

Pick your Battles carefully!

Hello bjpumping

1. First, in my opinion, you probably should pick one or two currencies that you are comfortable with and just trade those until you are consistent and confident.

2. your SL is too small for this pair - the average daily range for the last 6 months has been much more than 60 pips. You are asking to be taken out with that sort of SL if you are trading daily charts. If your set-up requires a 180pip SL, then use it - just reduce your position size accordingly.

3. I have been in and out of this pair several times since end of Feb, but only short. I will be looking to short it again on a retest of 136 -137, but with a hard stop above the Feb high (at 138.20).

4. Patrick's posts are definitely worth watching - but don't just copy them. Make sure you understand what he is doing and why. Notice that his entries are "Buy stops and Sell stops" meaning he is only entered once the move is initiated after the set-up identified. Also note the size of some of his Stop losses - and consider the position size appropriate for that SL.

regards, trogger
  • #15,568
  • May 28, 2011 4:45am May 28, 2011 4:45am
Quoting Wyfx
http://japan.wyfxco.com/metatrader-i...a-smoothed.png


Free Heiken Ashi Smoothed for MT4 as mentioned.
Mr Strat will NOT be pleased!
  • #15,569
  • May 28, 2011 4:58am May 28, 2011 4:58am
On to look at
Monthly far away from the emas. trend down.

Weekly bullish bar. 100 still pointing down but not so the 50.

Daily playing between fibos and broke the wedge. Emas bunched together starting to point up.

I think that this can be played long, waiting for a retest of the wedge, 1.5900 area.

Or short then one has to wait till we get bearish action around one of the three s/r. 1.6724 has also the 200 in the weekly. 1.6467 has been touched 5/6 times.

Price right now is in minor sr.

Comments please.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp cad daily.jpg Size: 144 KB
Click to Enlarge Name: gbp cad weekly.jpg Size: 107 KB
Click to Enlarge Name: gbp cad monthly.jpg Size: 115 KB
Spinner 'Tis in the Waiting.....
  • #15,570
  • May 28, 2011 6:05am May 28, 2011 6:05am
I did some working on money management and used various level of RR on sample trades of 10. Have a look at as some of you might like it and if you have any question or suggestion then let me know please.
Attached File(s)
File Type: zip simplemans MM.zip   56 KB | 660 downloads
  • #15,571
  • Edited 6:12am May 30, 2011 5:19am | Edited 6:12am
See attached chart of nzdusd - price is in a very interesting area. Huge monthly double top possible. Of course I'm not advocating going short just yet as price is still going North - I'm watching closely as the TL break and HH test right off resistance could be telling though ;-)
Attached Image (click to enlarge)
Click to Enlarge Name: 20110530-NZDUSD.png Size: 93 KB
Trade less and become more profitable!
  • #15,572
  • May 30, 2011 3:13pm May 30, 2011 3:13pm
Quoting Grimweasel
See attached chart of nzdusd - price is in a very interesting area. Huge monthly double top possible. Of course I'm not advocating going short just yet as price is still going North ..

NZDUSD along with CHFJPY are the only REAL bull pairs ATM to my eyes.
One should look for reasons to buy I think..

GB
  • #15,573
  • May 31, 2011 6:02am May 31, 2011 6:02am
Quoting Rubens PP
NZDUSD along with CHFJPY are the only REAL bull pairs ATM to my eyes.
One should look for reasons to buy I think..

GB
Indeed Rubens - NZD is a play on the soft commodities that are reaching highs each week. They have done well exporting dairy products etc to China and the area. But how much of that story is in the price? I don't know and I no longer even try and second guess the market. It's just an area to watch due to the signifigance of the last monthly high at this level. I personally don't play breakouts; I'd rather wait for a test and being a significant level I would imagine there would be one!
Trade less and become more profitable!
  • #15,574
  • May 31, 2011 3:57pm May 31, 2011 3:57pm
Three more hours to go on my chart. If price remains like this, I think it is a good setup. PASR at 135 resistance level with over all trends. If we can get usdjpy and eurjpy join us will be nice.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-05-31-11.gif Size: 12 KB
  • #15,575
  • May 31, 2011 10:12pm May 31, 2011 10:12pm
Quoting patrick25
Back to the main down trend
Hi Patrick25,
Sorry for feedback late
Monthly: Price is 80ish, this level was proven in April 1995.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 13 KB
  • #15,576
  • Jun 1, 2011 7:56am Jun 1, 2011 7:56am
Quoting patrick25
Three more hours to go on my chart. If price remains like this, I think it is a good setup. PASR at 135 resistance level with over all trends. If we can get usdjpy and eurjpy join us will be nice.
Looking to test 130.20
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,577
  • Jun 1, 2011 11:27am Jun 1, 2011 11:27am
Quoting strat
Looking to test 130.20
I got burned by this baby so many times, so I play light one position PASR to next support.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-06-01-11.gif Size: 12 KB
  • #15,578
  • Jun 2, 2011 8:02am Jun 2, 2011 8:02am
Quoting trogger
Attachment

Hanging onto last position at this point.
May have finished its dash - for now.
Will be watching worker next week.
Went a bit further than I thought.
closed at 129.50 and retesting 131.
I am waiting and watching this and us.nzd
Attached Image (click to enlarge)
Click to Enlarge Name: aussie.chf.gif Size: 16 KB
  • #15,579
  • Jun 2, 2011 9:13pm Jun 2, 2011 9:13pm
Quoting trogger
Went a bit further than I thought.
closed at 129.50 and retesting 131.
I am waiting and watching this and us.nzd
Attachment
Look for re-test of 1.3350
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,580
  • Jun 3, 2011 10:10am Jun 3, 2011 10:10am
Quoting patrick25
I got burned by this baby so many times, so I play light one position PASR to next support.
Price missed target by 15 pips, I manually closed it @ 131.06.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-06-03-11.gif Size: 12 KB
4 traders viewing now