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Strat's Long Term Stress Free Trading

  • #15,821
  • Aug 11, 2011 4:08am Aug 11, 2011 4:08am
Quoting trogger
I haven't the desire to put one on but I dare bet one of my accounts that they have been ''''oversold'''' for months on EURCHF, GBPCHF and USDCHF and ''''overbought'''' on CHFJPY.
Or another "Blow -off" Top?

Attachment

"Who knows what tomorrow brings...."


[/quote]

Just a pull back to the main UP trend
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,822
  • Aug 11, 2011 8:35am Aug 11, 2011 8:35am
Looking @ how week ends to buy audusd.

Anybody else shares this sentiment?

gb
  • #15,823
  • Aug 11, 2011 8:40am Aug 11, 2011 8:40am
Also @ current levels, IMO, depending on week's close eurnzd looks ok for a sell.

gb
  • #15,824
  • Aug 11, 2011 10:31am Aug 11, 2011 10:31am
Quoting Rubens PP
Looking @ how week ends to buy audusd.

Anybody else shares this sentiment?

gb
Patiently waiting for the UP trend to kick back in.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,825
  • Aug 11, 2011 8:40pm Aug 11, 2011 8:40pm
Quoting Rubens PP
Also @ current levels, IMO, depending on week's close eurnzd looks ok for a sell.

gb
Boss: She sent out a very strong statement last week. If anything I would be careful trading into last week candle.

Worker: Price is currently being support by Strat shadow. I would watch how price interacts with Strat shadow then go from there. Don't want to be the last one to short when everybody is trying get out short positions.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd.8-11-11w.gif Size: 11 KB
  • #15,826
  • Aug 11, 2011 10:41pm Aug 11, 2011 10:41pm
Quoting patrick25
Boss: She sent out a very strong statement last week. If anything I would be careful trading into last week candle.

Worker: Price is currently being support by Strat shadow. I would watch how price interacts with Strat shadow then go from there. Don't want to be the last one to short when everybody is trying get out short positions.
What make you understand that sellers will stop selling?
  • #15,827
  • Aug 11, 2011 11:06pm Aug 11, 2011 11:06pm
Quoting sf73
What make you understand that sellers will stop selling?
if anything you should study the chart. patrick only said it's a possibility due to the mixed signals the BOSS n WORKER r giving us.
gonna wait and see and trade what the chart tells us.
  • #15,828
  • Aug 11, 2011 11:28pm Aug 11, 2011 11:28pm
Quoting sf73
What make you understand that sellers will stop selling?
I don't, I am just weighting out the chances. In the down trend, there are many corrections up trend. It is too early to tell but by last week PA, I would wait out. I will watch the price action between the 08-09 candle high and Strat shadow. Again trading anything can happen.
Attached Image (click to enlarge)
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  • #15,829
  • Edited Aug 12, 2011 12:21am Aug 11, 2011 11:51pm | Edited Aug 12, 2011 12:21am
Quoting patrick25
I don't, I am just weighting out the chances. In the down trend, there are many corrections up trend. It is too early to tell but by last week PA, I would wait out. I will watch the price action between the 08-09 candle high and Strat shadow. Again trading anything can happen.
thanks

This is what I see.
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  • #15,830
  • Aug 12, 2011 6:05am Aug 12, 2011 6:05am
Quoting patrick25
Boss: She sent out a very strong statement last week. If anything I would be careful trading into last week candle.

Worker: Price is currently being support by Strat shadow. I would watch how price interacts with Strat shadow then go from there. Don't want to be the last one to short when everybody is trying get out short positions.

Well said Patrick. The shadow is against us on worker, expect a strat-wobble there. Again lets wait for week's closing.

gb
  • #15,831
  • Aug 12, 2011 8:44pm Aug 12, 2011 8:44pm
Quoting simpleman
I sold the oversold EURCHF, GBPCHF and USDCHF last week and just closed all of them now with 2500 pips in the kitty.

I am planning to sell them again as Dr Joe says " KEEP SELLING UNTIL IT STOPS GOING DOWN"

Well done to close - In the case of USDCHF, Dr. Joe may be holding his words at this point. What does that say to USD across the board? Is it time to "bury it" in the same fashion as the Euro a few months back on the cover of Newsweek? Those longs are still going!
  • #15,832
  • Aug 13, 2011 10:25am Aug 13, 2011 10:25am
Quoting Alexandra
Well done to close - In the case of USDCHF, Dr. Joe may be holding his words at this point. What does that say to USD across the board? Is it time to "bury it" in the same fashion as the Euro a few months back on the cover of Newsweek? Those longs are still going!

If it is SNB intervention then we might will see 90.00 in USDCHF, and guess what I am getting bullish on USDJPY.

But I can be wrong as usual.
  • #15,833
  • Aug 13, 2011 7:58pm Aug 13, 2011 7:58pm
Quoting strat
Patiently waiting for the UP trend to kick back in.
Hi Strat. Just want to say I have been a member on here for a couple of weeks and I have finally found someone who talks sense. I believe we trade in similar ways although I do not really bother with counter trend trading. In one of your posts you wrote trend with the trade for the lifestyle and counter trend for the beers. As I am T-total I guess I do not need to get the beers in. Also I am not very good at it. I am all about the lifestyle. You are the first person I found who mentioned to stand aside as the Bulls and Bears battle it out in a daily consolidation. Your roasting of Dannyboy was also very appropriate. Please check out my blog at www.zaheeranwari.com.
Trading is simple but not easy!
  • #15,834
  • Aug 14, 2011 2:45am Aug 14, 2011 2:45am
Quoting TrendSurferZ
Hi Strat. Just want to say I have been a member on here for a couple of weeks and I have finally found someone who talks sense. I believe we trade in similar ways although I do not really bother with counter trend trading. In one of your posts you wrote trend with the trade for the lifestyle and counter trend for the beers. As I am T-total I guess I do not need to get the beers in. Also I am not very good at it. I am all about the lifestyle. You are the first person I found who mentioned to stand aside as the Bulls and Bears battle it out in a daily...
I don't go on your thread promoting my thread so I do NOT appreciate YOU coming onto MY thread and promoting your thread.

People like you get BANNED!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,835
  • Aug 14, 2011 7:07am Aug 14, 2011 7:07am
Hi,

Another try from my side for trade. Explanation and reasoning on the graph. Is the reasoning of not taking trade on the first bond hammer correct?
Attached Image (click to enlarge)
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  • #15,836
  • Aug 14, 2011 9:07am Aug 14, 2011 9:07am
Quoting Fx4GdBd
Hi,

Another try from my side for trade. Explanation and reasoning on the graph. Is the reasoning of not taking trade on the first bond hammer correct?
It’s not that the Hammer is too long but rather that the wick is too long meaning that the buyers had difficulty closing in charge of this candle.

The seller’s strength was then confirmed on the next candle.

The BUEB IB on the next candle was your set up bar to go long.

NZDCAD is a pair of commodities which I don’t mess with.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,837
  • Aug 14, 2011 3:11pm Aug 14, 2011 3:11pm
Quoting strat
It’s not that the Hammer is too long but rather that the wick is too long meaning that the buyers had difficulty closing in charge of this candle.

The seller’s strength was then confirmed on the next candle.

The BUEB IB on the next candle was your set up bar to go long.

NZDCAD is a pair of commodities which I don’t mess with.
Thank you for comments.

I updated my trading journal and to give back for others wishing to learn, enclosed you can find the updated graph with Strat's comments.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD_D_20110814.png Size: 94 KB
  • #15,838
  • Aug 18, 2011 9:37am Aug 18, 2011 9:37am
USDJPY is setting up beautifully! Don't miss out!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,839
  • Aug 18, 2011 1:08pm Aug 18, 2011 1:08pm
Quoting strat
USDJPY is setting up beautifully! Don't miss out!
Hello Strat, I will wait and see how today closes and I'll take my chances with "the Beast" instead.. hmm

gb
  • #15,840
  • Aug 18, 2011 1:42pm Aug 18, 2011 1:42pm
Quoting Rubens PP
Hello Strat, I will wait and see how today closes and I'll take my chances with "the Beast" instead.. hmm

gb
But which "chance" will you take, Greek Bouncer?

"Beast", she is a bit of a whimp these days!
15 YEARS OF PASR ON FOREX FACTORY!
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