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Strat's Long Term Stress Free Trading
- #16,262
- Apr 16, 2012 11:27am Apr 16, 2012 11:27am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #16,267
- Edited 5:28pm Apr 18, 2012 6:44am | Edited 5:28pm
[quote=trogger;5541622]
Rodents, Reptiles ... I figure, Why not BULLS?
(Surely, they're All the same to the Mantis?
)
Loading on those previous retracements felt good, so I figured: Do it again.
Spent last week shorting the Aud- Cad retracement, Sold from 60% through to 100% retracement from the sunday open 1 April. (note the bars preceding the sunday 1 April open (arrowed)).
The bulk of the addon (in dollar terms) taken after close of thursdays (11 April) retest of the 1.04 level ( arrowed - at around 1.0376).
I have already closed some of the (add-on) positions at 1.0250 .
Every thing else is stopped at 1.0420 - (lets be sensible here now, if the snake can get away, then the bull may just wriggle free too!
)
What, all that stress for 30 pips?
I talked to the Mantis - he said "add!"
Another 3 positions on, one off at the top of the hammer yesterday, another towards the tail of the hammer this morning and holding the remaining position.
Yesterday's chart:
Attachment
Today's Update:
Finally taken out those two worker hammers (22 and 28 March) and has now broken down through the 1.03 level.
I didn't add on the break - as I had been loading on the upward retracements (you know, the ones Patrick was...
Inserted Video
Rodents, Reptiles ... I figure, Why not BULLS?
(Surely, they're All the same to the Mantis?
)Loading on those previous retracements felt good, so I figured: Do it again.
Spent last week shorting the Aud- Cad retracement, Sold from 60% through to 100% retracement from the sunday open 1 April. (note the bars preceding the sunday 1 April open (arrowed)).
The bulk of the addon (in dollar terms) taken after close of thursdays (11 April) retest of the 1.04 level ( arrowed - at around 1.0376).
I have already closed some of the (add-on) positions at 1.0250 .
Every thing else is stopped at 1.0420 - (lets be sensible here now, if the snake can get away, then the bull may just wriggle free too!
)
- #16,268
- Apr 19, 2012 2:24pm Apr 19, 2012 2:24pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #16,269
- Apr 20, 2012 5:50pm Apr 20, 2012 5:50pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #16,270
- Apr 23, 2012 8:22am Apr 23, 2012 8:22am
[quote=trogger;5585538]
So, with our Mantis ruminating as to whether this entrapped ruminant may yet wriggle free, he returns to his charts:
First, the BB:
Our Mantis is fully aware that the Major Trend is up. The Mantis has taken note that the upper TL containing this upward move extends back to late 2006 and has multiple points (wicks) of contact - making it, perhaps, a reliable position from which to launch an attack. (Remember: the Mantises hardly ever stalk their prey. Instead, they are ambush hunters). So, when the horn of our Bull (wick of the Feb bar) attempted, but failed, to breach the upper TL(see post#16156 ) - it was time for the Mantis to launch his attack!
Once the attack is launched, the Bull recoils rapidly (March and April) from the ferocious mandibular mauling administered by our Mantis - he finds himself penned by the rising lower TL (formed by the wicks of the Oct 2008 and June 2010 bars). The Mantis, knowing a cornered Bull could deliver a gargantuan goring, carefully considers whether this could be a good point(see take profit line at 1.0120 intersecting with rising Lower TL - arrowed) at which to release his prey - at least for now - and to savour the strips of sirloin already torn from the tired torso of his prey.
To assist with this decision, he turns to the weekly (below), and notes that he may have misjudged his attack by 60 pips- or so. He notes that the lower wick of the 1 April weekly bar has already pierced the upper wicks of the resistance formed Oct to Dec 2010 (remember, this lower rising TL was drawn from just two points and therefore less reliable, to date, than our upper rising TL).
Now, our Mantis has always known that Worker Bees can be very tasty:
so thinks maybe worker bars could equally have something to offer him?
Turning to the worker chart he finds the "Three Wise Worker" formation (Blue box):
So, Friday night (NZ time) he lowers that rail that pens his bull to just above those worker hammer candles (stop at 1.0325) - and sleeps well!
Sunday bar (Monday morning here) sees further inroad towards the stop. Then Monday, again the market turns in favour of the Mantis.
Will we see parity?
Who knows. But the Mantis is well satisfied with his lot - and will wait patiently for another opportunity to butcher this beast.
Bulls to the slaughter?
Indeed!
http://www.youtube.com/watch?v=4tZlRAtwF1s
Rodents, Reptiles ... I figure, Why not BULLS?
(Surely, they're All the same to the Mantis?
Loading on those previous retracements felt good, so I figured: Do it again.
Spent last week shorting the Aud- Cad retracement, Sold from 60% through to 100% retracement from the sunday open 1 April. (note the bars preceding the sunday 1 April open (arrowed)).
Attachment
The bulk of the addon (in dollar terms) taken after close of thursdays...
So, with our Mantis ruminating as to whether this entrapped ruminant may yet wriggle free, he returns to his charts:
First, the BB:
Our Mantis is fully aware that the Major Trend is up. The Mantis has taken note that the upper TL containing this upward move extends back to late 2006 and has multiple points (wicks) of contact - making it, perhaps, a reliable position from which to launch an attack. (Remember: the Mantises hardly ever stalk their prey. Instead, they are ambush hunters). So, when the horn of our Bull (wick of the Feb bar) attempted, but failed, to breach the upper TL(see post#16156 ) - it was time for the Mantis to launch his attack!
Once the attack is launched, the Bull recoils rapidly (March and April) from the ferocious mandibular mauling administered by our Mantis - he finds himself penned by the rising lower TL (formed by the wicks of the Oct 2008 and June 2010 bars). The Mantis, knowing a cornered Bull could deliver a gargantuan goring, carefully considers whether this could be a good point(see take profit line at 1.0120 intersecting with rising Lower TL - arrowed) at which to release his prey - at least for now - and to savour the strips of sirloin already torn from the tired torso of his prey.
To assist with this decision, he turns to the weekly (below), and notes that he may have misjudged his attack by 60 pips- or so. He notes that the lower wick of the 1 April weekly bar has already pierced the upper wicks of the resistance formed Oct to Dec 2010 (remember, this lower rising TL was drawn from just two points and therefore less reliable, to date, than our upper rising TL).
Now, our Mantis has always known that Worker Bees can be very tasty:
Inserted Video
so thinks maybe worker bars could equally have something to offer him?
Turning to the worker chart he finds the "Three Wise Worker" formation (Blue box):
So, Friday night (NZ time) he lowers that rail that pens his bull to just above those worker hammer candles (stop at 1.0325) - and sleeps well!
Sunday bar (Monday morning here) sees further inroad towards the stop. Then Monday, again the market turns in favour of the Mantis.
Will we see parity?
Who knows. But the Mantis is well satisfied with his lot - and will wait patiently for another opportunity to butcher this beast.
Bulls to the slaughter?
Indeed!
- #16,271
- Apr 23, 2012 8:41am Apr 23, 2012 8:41am
Still doin' the Caterpillar crawl.
Still holding one position.
Notice, I didn't load on the breach of 82.20.
Why not?
- #16,278
- Apr 24, 2012 9:41am Apr 24, 2012 9:41am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #16,279
- Apr 24, 2012 9:42am Apr 24, 2012 9:42am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!