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Strat's Long Term Stress Free Trading

  • #15,961
  • Oct 18, 2011 6:47pm Oct 18, 2011 6:47pm
Patiently waiting for all the stops to be taken out(fool rush in). Thanks to Strat I am fool less now.
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  • #15,962
  • Oct 19, 2011 9:10am Oct 19, 2011 9:10am
Quoting patrick25
Patiently waiting for all the stops to be taken out(fool rush in). Thanks to Strat I am fool less now.
Remember this is driven by $US and Crude Oil so make sure you watch the fools trading those.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,963
  • Oct 21, 2011 10:44am Oct 21, 2011 10:44am
Hi Strat team, new follower here~
This is really a good thread to learn trading forex. I have been following this thread since 3 weeks ago, still a lot to learn from here.

Below is the chart of GOLD Daily and a small chart of Weekly.

Here is my analysis:

Weekly chart:
(1) Huge bearish bar together formed a bear flag
(2) PA reject by fibo 61% ( which is a retracement of 38%)
(3) Current and last 3 candle reject by resistance 1680 indicating a Strong R
(4) Down wave formed a LH
(5) Current week candle formed a BEOB

Daily chart:
(1) EMA20 crossed SMA50
(2) Price below boss 20
(3) SMA 50 start pointing down

All above showed the trend is Bearish. So, i would put short trade

IF i trade weekly chart, if current candle close below boss 20, put sell limit below it's Low, and SL above it's High. TP at 1580, 1560 ,1540, 1520.

IF i trade daily chart
(1) place first short trade as i do in trading weekly TP at 1540,
(2) place extra short trade if, Price reject by Worker 20, or Boss 20, or R 1680, or the upper trendline with Bearish PA formed.

Since Big Boss 20 still sloping up, i would think the above short trade be Counter Trend trades to Big boss. Boss 50 and Big Boss 20 could be good TP areas.

Am i correct in my analysis? Any comments are welcome~
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  • #15,964
  • Oct 21, 2011 1:23pm Oct 21, 2011 1:23pm
Quoting kit_0807
Hi Strat team, new follower here~
This is really a good thread to learn trading forex. I have been following this thread since 3 weeks ago, still a lot to learn from here.

Below is the chart of GOLD Daily and a small chart of Weekly.

Here is my analysis:

Weekly chart:
(1) Huge bearish bar together formed a bear flag
(2) PA reject by fibo 61% ( which is a retracement of 38%)
(3) Current and last 3 candle reject by resistance 1680 indicating a Strong R
(4) Down wave formed a LH
(5) Current week candle formed a BEOB

Daily chart:
(1) EMA20 crossed...
Learning to trade forex so you are trading gold - hmm - I don't have that one in my forex pairs.

Yes, except both the Boss and Worker are under control of their respective Hammer candles. Price is free to move up and down inside these Hammers until they break out which will then show us the new direction.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,965
  • Oct 22, 2011 11:00pm Oct 22, 2011 11:00pm
Hanging on tight.
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  • #15,966
  • Oct 22, 2011 11:15pm Oct 22, 2011 11:15pm
Waiting for opportunity
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  • #15,967
  • Oct 22, 2011 11:33pm Oct 22, 2011 11:33pm
A nice stop run and all time fames are at support.
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  • #15,968
  • Oct 24, 2011 6:20pm Oct 24, 2011 6:20pm
Quoting patrick25
Surprise nobody is posting PASR on gbpusd. This is counter trend trade but it is pure PASR. Double bottom with a hammer on Worker, bounced off major support from Boss. If you are PASR trader, you would not miss this one.
My last position got stopped out when price pulled back. Then price bounced off our 20 out of Strat shadow since I am already in profit so I put back a position with market money. I will close this position as my candle close today.
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  • #15,969
  • Oct 24, 2011 6:33pm Oct 24, 2011 6:33pm
Quoting patrick25
Patiently waiting for all the stops to be taken out(fool rush in). Thanks to Strat I am fool less now.
Price has arrive at interesting level. Every Joe out there will see it plus the big boys. But we are Strat students, we see it different. For safe stress free entry, we need to see price gets out Strat shadow and the R 1.0200 level, another word wait for the Boss signal.
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  • #15,970
  • Oct 25, 2011 1:08pm Oct 25, 2011 1:08pm
Hi,

I've been lurking around reading this thread an strat's site trying to get myself up to speed on how strat trades an have have a question, in "The Path" on strat's site it says he uses the 50 ema an so far on this tread (so far i've read up to post 650) it says he uses the 50 sma.... so which one is it?

Thanks
  • #15,971
  • Oct 25, 2011 5:51pm Oct 25, 2011 5:51pm
Quoting patrick25
Price has arrive at interesting level. Every Joe out there will see it plus the big boys. But we are Strat students, we see it different. For safe stress free entry, we need to see price gets out Strat shadow and the R 1.0200 level, another word wait for the Boss signal.
Kiaora,
50ema.

So far price has respected major support and Strat shadow + R.
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  • #15,972
  • Oct 26, 2011 3:15pm Oct 26, 2011 3:15pm
Here is why we have not sold this rally (yet)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,973
  • Oct 28, 2011 3:46am Oct 28, 2011 3:46am
The risk is ON!!

and Europe has been saved!!!!
Spinner 'Tis in the Waiting.....
  • #15,974
  • Oct 28, 2011 4:30am Oct 28, 2011 4:30am
How irrational are markets? So we are all saved? Greece is saved but still has a debt/GDP ratio of 120%. China has still not said it will invest in the bailout fund. Brazil already said poke off. The single currency can't work when 17 different governments with differing nationalistic agendas try and operate under a centrally agreed monetary policy, therefore losing any ability to control domestic interest rates etc.

Greece is doomed still IMHO. Europe and the US are still printing money, trying to inflate their way out of debt. What happens in a few years with the possibility of hyperinflation and the need to raise interest rates to stop the economy overheating? Those loans are going to be a tad more expensive to pay off too. The risk on rally could still fail. We are now at the 61% retrace from Equity high to low. The next few sessions could be telling! ;-)
Trade less and become more profitable!
  • #15,975
  • Oct 28, 2011 12:01pm Oct 28, 2011 12:01pm
Eurozone seeks bailout funds from China

The Chinese already own the US and now with this, they will own Europe!

They are doing what a little squirt with a silly moustache and fringe tried to do with guns except now with owning world debt.

Learn to speak Chinese and eat anything with legs except chairs and tables and anything which flies except airplanes!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,976
  • Oct 28, 2011 12:33pm Oct 28, 2011 12:33pm
Quoting strat
Eurozone seeks bailout funds from China

The Chinese already own the US and now with this, they will own Europe!

They are doing what a little squirt with a silly moustache and fringe tried to do with guns except now with owning world debt.

Learn to speak Chinese and eat anything with legs except chairs and tables and anything which flies except airplanes!
Fully agree Strat - world domination without a bullet being fired - yet.
Trade less and become more profitable!
  • #15,977
  • Oct 29, 2011 2:39pm Oct 29, 2011 2:39pm
USDCAD - Is the USD dead -was last week's relief rally a tad overdone?

Four reasons to remain bullish USDCAD until proven wrong from the weekly charts.

1. Double bottom and lower low after a trend line break (here 10&20 ema)
2. Larger down trendline break
3. 20ema crossing up thru 50ema
4. Deep retrace to 61% fib of the breakout move

It looks like Equities are controlling everything currently and audusd seems to be very correlated as does usdcad. If Eq's continue to be bullish then perhaps usdcad will continue the major underlying down trend and this spike was a bull trap? Overall, I still believe the major problems have not been fixed in Euroland, and the charts will show us the way.

What I would like to see is the pattern of lower highs and lows being broken first. A B/O above 1.0700 would get me bullish!
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Trade less and become more profitable!
  • #15,978
  • Oct 29, 2011 6:10pm Oct 29, 2011 6:10pm
Quoting Grimweasel
USDCAD - Is the USD dead -was last week's relief rally a tad overdone?

Four reasons to remain bullish USDCAD until proven wrong from the weekly charts.

1. Double bottom and lower low after a trend line break (here 10&20 ema)
2. Larger down trendline break
3. 20ema crossing up thru 50ema
4. Deep retrace to 61% fib of the breakout move

It looks like Equities are controlling everything currently and audusd seems to be very correlated as does usdcad. If Eq's continue to be bullish then perhaps usdcad will continue the major underlying down trend...
The Big Boss and Boss have your answers.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,979
  • Oct 29, 2011 6:57pm Oct 29, 2011 6:57pm
Quoting strat
The Big Boss and Boss have your answers.
Thanks Strat, you always have a way to whip us back in line, seeing only trees not seeing forest.
  • #15,980
  • Oct 29, 2011 7:29pm Oct 29, 2011 7:29pm
Big Boss: Making second HL, look like price is trying for third attemps for
HH.

Boss: Price had bounced off major support level 1.5400 and closed above
the immediate resistance 1.5900-50.

Worker: Price bounced off double bottoms, 20%50 crossed.

All three time frames pointing for 1.6700 but everything will change if price closes below 1.5700 level.
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