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  • #16,061
  • Dec 16, 2011 11:22am Dec 16, 2011 11:22am
Counter trend trade with good PASR setup, double top, PA below 20. Started with one position first.
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  • #16,062
  • Dec 16, 2011 11:28am Dec 16, 2011 11:28am
Quoting strat
Good job, Patrick - you make it look so easy - which it is (when you know what you are doing - and you do)!
Thanks Strat for the methods.
  • #16,063
  • Dec 22, 2011 11:26am Dec 22, 2011 11:26am
Free trade. Happy Holidays to you Strat.
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  • #16,064
  • Dec 24, 2011 1:38pm Dec 24, 2011 1:38pm
Happy Christmas and prosperous New Year to all Strat's tribe. Nearly 2 year's old this thread now and still going strong!
Hope to see you all over on the main site in Jan.
Grim (aka Danny-Boy!)
Trade less and become more profitable!
  • #16,065
  • Dec 26, 2011 1:24pm Dec 26, 2011 1:24pm
Quoting Grimweasel
Happy Christmas and prosperous New Year to all Strat's tribe. Nearly 2 year's old this thread now and still going strong!
Hope to see you all over on the main site in Jan.
Grim (aka Danny-Boy!)
Another Christmas has come and gone so now it is time to set up for the 2012 trends.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,066
  • Dec 27, 2011 2:19pm Dec 27, 2011 2:19pm
..such as long USD - good contrarian trade ;-)
Trade less and become more profitable!
  • #16,067
  • Dec 28, 2011 2:42pm Dec 28, 2011 2:42pm
Quoting Grimweasel
..such as long USD - good contrarian trade ;-)
I have yet to see signs of any big boys buying $US and until they do, I'm out.

The word on the Street is that the Chinese are loading up on JPY but that is not reflected on my charts.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,068
  • Dec 29, 2011 12:58pm Dec 29, 2011 12:58pm
I just fail to see why anyone would invest in that basket case economy that is Japan? It's heavily indebted with a debt/GDP ratio of over 200%! I see many pundits recommend taking positions in Japanese Smaller companies, but I see it as the classic value trap. Like you Strat, I would rather see some momentum first showing the big money is involved. Until then, I'd leave it to the deep value contrarians. It's only gone no-where for over 16 years!!

The US has however, held up well fundamentally and could be a great buy next year but low bond yields are pointing to a deflationary environment over inflationary. What people fail to realise is that QE1 and 2 lifted us from a deeply deflationary environment back in 2008, to zero if you will. Yes, it was inflationary, but from a deeply negative position therefore bringing us back to neutral. 2012 will be a testing year as all this plays out.
Trade less and become more profitable!
  • #16,069
  • Dec 29, 2011 7:01pm Dec 29, 2011 7:01pm
Quoting Grimweasel
I just fail to see why anyone would invest in that basket case economy that is Japan? It's heavily indebted with a debt/GDP ratio of over 200%! I see many pundits recommend taking positions in Japanese Smaller companies, but I see it as the classic value trap. Like you Strat, I would rather see some momentum first showing the big money is involved. Until then, I'd leave it to the deep value contrarians. It's only gone no-where for over 16 years!!

The US has however, held up well fundamentally and could be a great buy next year but low bond yields...
2012 will make 2011 look like a Sunday School tea party - we are loaded and ready!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,070
  • Dec 29, 2011 7:12pm Dec 29, 2011 7:12pm
Very Profitable Trending Method with Trade set ups and explanations and signals (for lazy people)


For those of you STILL looking for the next best trading method or perhaps the Holy Grail, you need to bite the bullet and join our website.


In addition to ongoing teaching and education in making money in forex, one of our members has taken one of my existing PASR trending methods and developed it with rules and a full explanation which is fully documented on one of our many threads. This member alerts our members on pairs to watch which are setting up then issues the trade alerts as they happen.

All the trades are documented “live” for all to see plus the very valuable method of trade management to pull maximum profits from the trend. The rules and method are fully explained within the thread and any questions answered usually within 24 hours.


The Negative Nellies out there (and YOU know who YOU are) will just see this as a sales pitch but it is for those who want their hand holding while learning to Trade Forex for a Living.



For those who just want signals, you can just take the alerts as they are issued but for those wanting more than a “fish”, you will LEARN a very profitable forex trading method which WILL give you the life you read about in the usual forex scams.


For those of you who have a hard time paying for something which will set you up for life, the monthly membership fee WILL be made back in profits probably on half your first trade providing you follow the instructions correctly. The balance of that first trade could well pay for many months of future membership.


Shown below are just a few of the posts in the thread from this very profitable trading method.


YOU have the chance to join a select group of profitable traders – What will you do if you don’t join? You will carry on looking in all the forex forums for a FREE profitable and fully developed system and all you will find are newbies and rookie traders expecting you to be their guinea pigs as they do the “Nth” reiteration of the usual and some not so usual indicators and methods.


This Trending Method is very profitable and fully proven and is ONLY BASED ON PASR – Price Action at Support and Resistance.

Join now and become profitable for the first time in your life or carry on being a LOSER.


TAO EOD update 28 December

I have run out of time for these EOD posts, but decided to make one final post today, in the hope that all who are still struggling, and looking for a simple, easy to understand, reliable method of trading will embrace Strat's great TAO.

To summarize, I have 11 open positions at present and all of them are TAO trades, with one exception which is TAO related and a special case which I will post about later.

8 of the 11 are Free Trades, with SL set at BE.

The other 3 are yet to reach TP1.

All are well in the money, with only one in the red by a total of only -8 pips.

Total open profit stands at +4080.

See for yourself on the attached screen shot. (Shown on the website)

Right at the beginning of Strat's FF thread or website, can't remember which, our Tradingmeister forbid us from posting profit/loss details, because, if I remember correctly, of the boasting which often occurs on trading fora.

In my case, I really struggled through 2010 and the first half of 2011. Even basic PASR trading was not giving me consistent profits.

Looking back, I think a lot of my problems were because I was unable to recognize trends well enough.

At this point I wish to say a big thanks to Rajesh, who posted his very timely advice to me about his method of trend recognition using the EMAs.

Strat's initial post about TAO combined with Rajesh's post on trends gave me the breakthrough I had been looking for.

Since that time I have concentrated my efforts on TAO trading and have seldom had a loss.

I am posting the profit/loss details for all to see, not to boast, but to inspire all those who are still sitting on the fence re TAO.

Have a go. There are plenty of setups happening all the time.

You will need plenty of patience, but the profits are there for the taking.

GBPJPY EOD Update 28 December

I placed a TAO Add On, Sell Stop order for this pair a few minutes before EOD when the 23 December BEEB/BEOB engulfed the previous 2 bars convincingly.

Last night (my time) the order was filled, and the +100 TP1 was hit for half the position.

Don't you love it when you get a fill and TP all on the same day?

SL on remaining half now set to BE so another free trade.

Aggregate closed profit on this pair +200 and EOD aggregate open profit about +380 pips.

Next S looks to be around 119.5, which may give us another pullback rally with another opportunity to Add On.

TAO EOD Update 28 December EURUSD

After the “go-nowhere” days since before Christmas, there were some good decisive moves for TAO Traders last night.

As always in trend trading, patience paid off.

EURUSD 3rd position: Day 4, TP1 achieved for +100, SL now BE, another free trade.

The total for the 3 open positions is now around +1200.

Next stop? Looks like down to the BRN of 1.26; hopefully with some pullback rallies along the way, providing some more TAO short entry setups.

For those still buying EURUSD, take a look at the attached BB and B charts.

With the exception of the 200 on the BB, ALL the EMAs are now sloping down and there are LSH and LSL on all the charts.

The StSh is negative and diverging on both the W and B charts, indicating increasing downside momentum.

The positive StSh on the BB is becoming severely squeezed, and looks like it will become negative within the next few months; after being positive since May 2003.

IMO the trend on the EURUSD is now definitely DOWN.

My best wishes to All for a healthy and prosperous 2012.

After surviving 2011, and having learned how to apply the great, simple TAO method I am waiting for the new year with great anticipation.

Here is my gift to all of you.

It is a work in progress, so there may need to be additions, deletions and modifications which will become apparent with more experience.

The attachment is a list of questions which I ask, and consider the answer, before placing an entry for each and every new setup.
In my experience it is very easy to neglect some important feature of a market or a setup bar, and allow enthusiasm to influence entry decisions. This often ends in a loss.

If you follow the questionnaire, and think about all the answers, it will help you to pick likely winners and avoid likely losers.

Please post your feedback.

EOD 13 December Open trade updates

Strong momentum on most markets.

EURUSD: EOD 24, 1st position (non-TAO), +592 SL-BE

EOD 6, 2nd position, 2nd half (TAO), +322 SL-BE

GBPUSD: EOD 7 TP (+100) reached on 1st half position
2nd half position (TAO) +113 SL-BE

NZDUSD: EOD 4, 2nd half position (TAO) +147 SL-BE

EURJPY: EOD 7, 2nd half position (TAO) +263 SL-BE

GBPJPY: EOD 20, 2nd half position (TAO) +223 SL-BE

EOD 3 (TAO) 2 x +67, on track to TP on half position

CADJPY: EOD 7, 2nd half position (TAO) +22 SL-BE

NZDJPY: EOD 2 (TAO) 2 x +77, on track to TP on half position
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,071
  • Dec 30, 2011 2:04pm Dec 30, 2011 2:04pm
Quoting strat
I have yet to see signs of any big boys buying $US and until they do, I'm out.

The word on the Street is that the Chinese are loading up on JPY but that is not reflected on my charts.
Someone is buying JPY - could be the Chinese - they have a very nasty habit of trading while the West are on holiday!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,072
  • Jan 9, 2012 8:06am Jan 9, 2012 8:06am
Watch very carefully what happens at 1.27, 1.2550 and 1.2250
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,073
  • Jan 9, 2012 1:06pm Jan 9, 2012 1:06pm
Quoting patrick25
Counter trend trade with good PASR setup, double top, PA below 20. Started with one position first.
Will see how the candle closes today. I will probably close the first position @ today close.
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  • #16,074
  • Jan 9, 2012 4:33pm Jan 9, 2012 4:33pm
Quoting patrick25
Will see how the candle closes today. I will probably close the first position @ today close.
Yes, strong support there, Patrick (Brave CT that)
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,075
  • Jan 10, 2012 5:52pm Jan 10, 2012 5:52pm
Quoting strat
Yes, strong support there, Patrick (Brave CT that)
Why CT???
  • #16,076
  • Jan 12, 2012 8:55am Jan 12, 2012 8:55am
Quoting sf73
Why CT???
Because at that point the boss was making higher highs and higher lows.
  • #16,077
  • Jan 13, 2012 12:01pm Jan 13, 2012 12:01pm
Quoting Money Magnet
Because at that point the boss was making higher highs and higher lows.
And why the hhs & hls of the boss are not considered as CT to the big boss?
  • #16,078
  • Jan 13, 2012 12:25pm Jan 13, 2012 12:25pm
Quoting sf73
And why the hhs & hls of the boss are not considered as CT to the big boss?
At the time of Patrick's trade, the Strat Shadow on all time frames was supporting the long trend - that support has now been eroded on the Worker and is now testing it on the Boss and Big Boss.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,079
  • Edited Jan 16, 2012 1:53am Jan 15, 2012 9:10pm | Edited Jan 16, 2012 1:53am
A Personal Story

For a few years, prior to 2010, I had been trying to trade FX, using a variety of methods/systems/robots etc, etc which were being flogged on the internet.

The results were, as you would expect; a profit now and then interspersed with many losses and a steady reduction in my account balance.

In early 2010 I stumbled across Strat's "Long term stress free trading" thread on FF.

It made a lot of sense, and prodded me to making a resolution not to spend any more money on the proprietary methods and to devote my time and energy to learning Strat's way of trading.

I struggled, and if you check my early posts you will see the evidence of that struggle.


On the 1st January 2011 I made a note in the 1st page of my 2011 diary that the Equity Balance of my FxPro account was USD9228.49

During the first part of 2011 I was attempting, not very well I have to say, to trade using the basic PASR method.

My account equity steadily declined.

Not steadily, it was the usual thing of 1 step up followed by 2 steps down.

Looking back, I think basic PASR can work well, but in my case I was applying basic PASR from a Trend Trading mental bias; and the two are incompatible.

In all honesty too, I did not follow Strat's advice closely, thinking that I could be smarter, and make more money, more quickly. The usual self-destructive psychological factors that bedevil many FX traders.

I also had problems identifying the immediate trend, and often I was unintentionally CT trading. Many times I allowed an open profit to turn into a loss.

The result was that my account balance declined until in about July, the balance was only about USD1800.

Many trading Gurus are on record stating that once an account has fallen so far; recovery is impossible, and the account will be wiped out.

Wrong!

On 21 June 2011, in the Stratsforextrading.com website, Strat started a new thread describing a method, in which PASR was applied to trend trading.

It did not take me long to go back over the charts to see that the method was both very simple to understand and to execute; and had the potential to be hugely profitable.

It was easy to arrive at the decision that the new method, was the method for me.

It suited my trading disposition and my desire to emulate Dr Joe.

After a few months of marking time, during the learning and confidence-building process, in the last 2 1/2 months or so of applying the new trading method, my account has grown steadily.

This growth in profit occurred in spite of the 3 disastrous trades in Gold and Silver (documented in the correct thread) which collectively lost an aggregate of USD 2670, all because I failed to investigate the risks I was taking with these trades.

At the time of writing this post, my account balance stands at USD10,157.33

A remarkable recovery I think you would agree.

I am looking forward to 2012, with a great sense of optimism and enthusiasm.

After years in the trading wilderness, I am now a confident and happy trader.

All thanks to Strat and his method, and the help I received from another of the members on Stratsforextrading.com in identifying and understanding trends.
"Make everything as simple as possible, but not simpler" Albert Einstein
  • #16,080
  • Jan 16, 2012 1:59am Jan 16, 2012 1:59am
well,did you get ya new balls?
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