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Strat's Long Term Stress Free Trading
- #16,043
- Dec 7, 2011 11:18am Dec 7, 2011 11:18am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #16,044
- Edited 2:58am Dec 8, 2011 2:26am | Edited 2:58am
if i may ask,was your entry for the long based on PASR?
My entry long was not based on the method taught on this thread.
I went through the weekly chart and saw something i feel might have prompted you into taking long position you took.
No, not the weekly, but do look at the monthly. My chart below is truncated and doesn't show the trend up from the all time low in 2000 of around 37-38 against the US.
The 4+ year uptrend from late 2000 tested 75 end 2004/early 2005 (arrow/ellipse). It "corrected" and then spent another 2+ years working back to re-test 75. Look what happened after finally breaking - from 2006 on we see long wicks to the 75 level when price was both above and below - I see 15 to 20 bars with such wicks approaching or reaching this 75 level. So, when we breached 75 on friday 25, i took a long as we drew to the close of trading on friday (sat morning here in New Zealand) confident that on Monday there was likely to be a gap up.
Reason: do your homework!
i just saw this pair as bearish so i don't want to take any trade that will be against the trend.
I think you probably know that you are early on the short. If you are waiting for a signal in accordance with this thread to short, then it hasn't happened yet.
Strat's post is letting you know that there is still plenty of potential upside.
I am stopped below the pink rectangle . The pink rectangle will certainly break - but will it be down?
And, if I am stopped, that doesn't mean that I will go short.
- #16,045
- Edited 6:26am Dec 8, 2011 5:10am | Edited 6:26am
Hi Strat, hi all
I have been following this thread for ten months or so, and i found it really useful. Any way, i have question.
Your story of Dr. Joe (...after i had a good laugh...) has inspired me to view this way, in this case dji graph.
and same graph but with more details
Since the april of 2009 trend is up, and first major resistance is at 1400.
The way i see it, since the price started to rise there ware two elliot waves.
After correction of the second eliot wave i was planing to begin my trade.
Before, i said to myself, that i wont trade unless i see ONE white, than one black (monthly) candle after that, just like it was with previous situations before third wave began.
That has not happened yet, and i think that this may mean that
a: third wave has not yet started
b: third wave has started but that is not visible on monthly graph.
Here is situation on weekly graph
Soo... i wanted to ask Strat, should i wait, or is it good idea to start trading now, and as dr. Joe has said "buy and keep buying"
(..with pending orders every 100 pips...)) until price comes to 1400?
thanks, and i would like to say that on this forum this thread is most reasonable view on charts, that i am looking every day many hours because i would like to learn this...
I have been following this thread for ten months or so, and i found it really useful. Any way, i have question.
Your story of Dr. Joe (...after i had a good laugh...) has inspired me to view this way, in this case dji graph.
and same graph but with more details
Since the april of 2009 trend is up, and first major resistance is at 1400.
The way i see it, since the price started to rise there ware two elliot waves.
After correction of the second eliot wave i was planing to begin my trade.
Before, i said to myself, that i wont trade unless i see ONE white, than one black (monthly) candle after that, just like it was with previous situations before third wave began.
That has not happened yet, and i think that this may mean that
a: third wave has not yet started
b: third wave has started but that is not visible on monthly graph.
Here is situation on weekly graph
Soo... i wanted to ask Strat, should i wait, or is it good idea to start trading now, and as dr. Joe has said "buy and keep buying"
(..with pending orders every 100 pips...)) until price comes to 1400?
thanks, and i would like to say that on this forum this thread is most reasonable view on charts, that i am looking every day many hours because i would like to learn this...
- #16,046
- Dec 8, 2011 7:02am Dec 8, 2011 7:02am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #16,047
- Dec 8, 2011 7:05am Dec 8, 2011 7:05am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #16,049
- Dec 8, 2011 9:16am Dec 8, 2011 9:16am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #16,051
- Dec 8, 2011 10:04am Dec 8, 2011 10:04am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
Actually Strat I wrote:
"But, I am not trading Eliot waves, i mean i have read about them, but i dont take tham into consideration when i decide my trades, except for this graph.
On DJI graph i have recognized point where price went up..."
...and you have read that, Strat....
...judging by your posts, at least twice...
Any way, I am sure that you can find new name for this
...and explain your followers how this pattern keeps on repeating...accidentally...
As for me, i disagree with you. By reading your posts, i see that your view
is not something i would take into consideration.
But thanks for interest, although it has not been very constructive chat....
"But, I am not trading Eliot waves, i mean i have read about them, but i dont take tham into consideration when i decide my trades, except for this graph.
On DJI graph i have recognized point where price went up..."
...and you have read that, Strat....
...judging by your posts, at least twice...
Any way, I am sure that you can find new name for this
...and explain your followers how this pattern keeps on repeating...accidentally...
As for me, i disagree with you. By reading your posts, i see that your view
is not something i would take into consideration.
But thanks for interest, although it has not been very constructive chat....
- #16,054
- Dec 9, 2011 6:52am Dec 9, 2011 6:52am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #16,055
- Dec 9, 2011 7:02am Dec 9, 2011 7:02am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #16,060
- Dec 16, 2011 9:11am Dec 16, 2011 9:11am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!