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Strat's Long Term Stress Free Trading

  • #15,881
  • Sep 9, 2011 4:23pm Sep 9, 2011 4:23pm
Posted on the website on June 26, 2011

Post subject: Re: USDCHF
http://www.stratsforextrading.com/ph...ost_target.gifPosted: Sun Jun 26, 2011 9:10 am
http://www.stratsforextrading.com/ph...er_offline.gif Level 5.0 http://www.stratsforextrading.com/ph...ar-blue-50.png

Joined: Sat Dec 26, 2009 2:47 pm
Posts: 2342 W/E Jun 24 11

The Big Boss tells us that NO-ONE other than newbies and rank amateurs are buying $US.

Price, on the Big Boss, is at the distance from the 20 where we need to be looking for it to retrace. When it does retrace it "could" be a large one, 2,000 to 3,000 pips or so as the "talking heads" are pushing for the $US to be bought.

I expect the big boys to leave it alone until everyone thinks the sentiment has changed then they will give it both barrels.

Remember the Feds are driving this thing into the ground.

_________________
http://www.stratsforextrading.com/images/avatar/sft.png


Almost at 2,000 pips now!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,882
  • Sep 12, 2011 1:32am Sep 12, 2011 1:32am
Quoting strat
Posted on the website on June 26, 2011

Post subject: Re: USDCHF
http://www.stratsforextrading.com/ph...ost_target.gifPosted: Sun Jun 26, 2011 9:10 am
http://www.stratsforextrading.com/ph...er_offline.gif...
that's one hell of a retrace...
straight through the BB 20...

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  • #15,883
  • Sep 12, 2011 1:36am Sep 12, 2011 1:36am
Quoting trogger
(but I wish I'd thought of that one!)

More, looking for this:

Attachment

Been away for a while.

Now need to try and work out what's going on...


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  • #15,884
  • Sep 12, 2011 4:57am Sep 12, 2011 4:57am
From another thread posted tonight::

"I donīt make my trading decision based on price levels. I listen to what my indicators tell me. Sometimes when in doubt I actually turn off the price bars. The picture is much clearer when you look at your favorite indicators alone. As a matter of fact, I traded for several years without price bars and did very well. They remove a lot of the stress inherent in the price action and volatility. So, in a way, what I am saying is that I donīt use normal stop losses based on price. I set alarms on my indicators. They never lie to me."

Good Grief!
  • #15,885
  • Sep 12, 2011 5:18am Sep 12, 2011 5:18am
Quoting trogger
From another thread posted tonight::

[i]"I donīt make my trading decision based on price levels. I listen to what my indicators tell me. Sometimes when in doubt I actually turn off the price bars. The picture is much clearer when you look at your favorite indicators alone. As a matter of fact, I traded for several years without price bars and did very well. They remove a lot of the stress inherent in the price action and volatility. So, in a way, what I am saying is that I donīt use normal stop losses based on price. I set...
... I think I'll stick with price and levels
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  • #15,886
  • Sep 12, 2011 5:38am Sep 12, 2011 5:38am
Quoting trogger
... I think I'll stick with price and levels
Attachment
Now short on fridays minor ss. (actually short against december/jan PA around 75. will exit and look to re-enter if close above fridays high)

boss:
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worker:
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  • #15,887
  • Sep 12, 2011 8:40am Sep 12, 2011 8:40am
Quoting trogger
that's one hell of a retrace...
straight through the BB 20...

Attachment
That's what happens when cheese makers interfere with things they know nothing about!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,888
  • Sep 12, 2011 8:42am Sep 12, 2011 8:42am
Quoting trogger
Attachment
I only mess with EURGBP when it trends - better ROI pairs than this.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,889
  • Sep 12, 2011 8:46am Sep 12, 2011 8:46am
Quoting trogger
From another thread posted tonight::

[i]"I donīt make my trading decision based on price levels. I listen to what my indicators tell me. Sometimes when in doubt I actually turn off the price bars. The picture is much clearer when you look at your favorite indicators alone. As a matter of fact, I traded for several years without price bars and did very well. They remove a lot of the stress inherent in the price action and volatility. So, in a way, what I am saying is that I donīt use normal stop losses based on price. I set...
As a matter of fact, I traded for several years without price bars and did very well.

If anyone believes this, I have some beach front property in Palm Springs I would like to sell them!

I wonder if this guy knows that indicators are just the first and second derivatives of PRICE!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,890
  • Sep 12, 2011 8:48am Sep 12, 2011 8:48am
I think I'll stick with price and levels

And you will do very well
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,891
  • Sep 12, 2011 8:51am Sep 12, 2011 8:51am
Quoting trogger
Now short on fridays minor ss. (actually short against december/jan PA around 75. will exit and look to re-enter if close above fridays high)

boss:
Attachment

worker:
Attachment
Which pair, Wild Thing?
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,892
  • Sep 12, 2011 2:04pm Sep 12, 2011 2:04pm
Quoting strat
I would like your advise on my positioning on audnzd for Boss trend continuation.

But the Boss isn’t confirming a trend change – yet.

When you are building your positions and they are well in profit, you leave your SL where they are or move to BE.

[font=Arial]You have to be able to separate trend trading from position trading. As yet, the trend isn’t established so you have to decide what your risk tolerance is to wait for a trend. It also depends...
What a great lession Strat. Could not be any better than this, a lession with real time example. This shows how hard it is to counter trend trade and you better know what you are doing.

Strat, last week and last few months had been very good for me. I got in a few good trades. The more I wins the less I trade, what a good feeling
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  • #15,893
  • Sep 12, 2011 2:51pm Sep 12, 2011 2:51pm
Quoting strat
Which pair, Wild Thing?
nzd/chf for # 15886

and post

#15885 was cad/chf

(sorry--didn't realise that the fxcm charts I posted didn't have the pair imbedded on the chart background)
  • #15,894
  • Sep 13, 2011 9:42am Sep 13, 2011 9:42am
Please advice on my buy order above the hammer
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  • #15,895
  • Sep 13, 2011 9:50am Sep 13, 2011 9:50am
Usually it's a good idea to SELL when you see LL - LH - LL - LH - LL.
  • #15,896
  • Sep 13, 2011 9:58am Sep 13, 2011 9:58am
Quoting hcristea
Usually it's a good idea to SELL when you see LL - LH - LL - LH - LL.
Last two weeks made a HL and if you check the monthly reversed hammer at swing low targeting the round no 0.80 i wouldn't looking for short PA by the worker.

Yes your right and wrong about the hammer. It is an UNCONFIRMED HAMMER.

thanks for the help.
  • #15,897
  • Sep 13, 2011 11:28am Sep 13, 2011 11:28am
Quoting sf73
Last two weeks made a HL and if you check the monthly reversed hammer at swing low targeting the round no 0.80 i wouldn't looking for short PA by the worker.

Yes your right and wrong about the hammer. It is an UNCONFIRMED HAMMER.

thanks for the help.
It is not a hammer, it is a seller's rejection candle inside the whole '"price going nowhere"/ ranging scheme.
A hammer is a PRICE reversal candle which is usually met at the end of a down-trend.
Both Boss and Big Boss are still DOWN for usdjpy however.

gb
  • #15,898
  • Sep 13, 2011 1:12pm Sep 13, 2011 1:12pm
sf73, if you want to be safer and take low risk trades then wait for the boss to make HH & HL before you go long on the Worker.

This is my view of the Boss with the latest confirmed swings.
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  • #15,899
  • Sep 13, 2011 1:34pm Sep 13, 2011 1:34pm
Help appreciated & buy order removed
  • #15,900
  • Sep 13, 2011 4:48pm Sep 13, 2011 4:48pm
Quoting sf73
Please advice on my buy order above the hammer
Very bad - it is not a Hammer - it is a BOND Hammer
15 YEARS OF PASR ON FOREX FACTORY!
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