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Strat's Long Term Stress Free Trading

  • #16,301
  • Apr 28, 2012 11:51am Apr 28, 2012 11:51am
Worker
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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,302
  • Apr 28, 2012 11:52am Apr 28, 2012 11:52am
Worker close up - is 3 touches enough?
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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,303
  • Apr 28, 2012 11:54am Apr 28, 2012 11:54am
I'm back testing some of the ideas I have found in the thread and would like to know if I'm along the right lines. I've picked out a possible trade that could have been done on 21st March on USD/JPY. Can you let me know if this would have been a valid Strat trade?

The Big boss was in a down trend

The Boss was in a down trend, however, at the time was in a minor correction and possibly turning into the main down trend of the Big boss. The MA were contracting which was not a good sign.

The worker had a confirmed swing high at a SR level and a few days later posted a BEOB on 21st March. The high of the BEOB was just below the SR level drawn. At the close of 21st March entering a short below this would have been a back tested entry. We can all see in hindsight that it would have worked but would this meet the Strat guidelines for a valid trade?

I was working on the principle that the worker and Boss were about to rejoin the main trend of the Big boss.

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Many thanks.
  • #16,304
  • Apr 28, 2012 11:57am Apr 28, 2012 11:57am
One of our "HOT" topics on the website - TREND TRADING

While we miss situations like this, we are making the most of what the Market gives us

We are patiently waiting for situations like this to return - which they will - it is all a matter of time and, as the proverb goes, "Time and Tide wait for no man".
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,305
  • Apr 28, 2012 1:27pm Apr 28, 2012 1:27pm
Quoting fxdrive
I'm back testing some of the ideas I have found in the thread and would like to know if I'm along the right lines. I've picked out a possible trade that could have been done on 21st March on USD/JPY. Can you let me know if this would have been a valid Strat trade?

The Big boss was in a down trend

The Boss was in a down trend, however, at the time was in a minor correction and possibly turning into the main down trend of the Big boss. The MA were contracting which was not a good sign.

The worker had a confirmed swing high at a SR level and a few...
Yes, we are looking to trade the Worker as it turns into the Boss trend which has turned, or is turning, into the Big Boss trend.

On my charts, I had a Shooting Star at Resistance forming a double top with the unconfirmed swing high on March 15. This is PASR and put us into our current down trend positions which are FREE TRADES and already put profits in the bank for us.

This is all based on THE POWER OF TIME FRAMES detailed in this thread.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,306
  • Apr 28, 2012 4:32pm Apr 28, 2012 4:32pm
Quoting fathonezic
strat,

great thread... i have read around 30 pages of this thread and will try to read the whole of the thread...

strat, i have a question, what is the differences between this thread and your commercial private forum ??
Fore starters, the private site has individual threads to discuss specific topics rather than being all lumped together. Makes for MUCH easier reference and study.

i.e.
A thread for each pair as trade setups or questions become seen
Threads for different types of entry methods that have been proven to work.
Trading journals commented on specifically by Strat...these are meant to be interactive between Strat and the student.
Threads for specific topics such as H4 trading, swing trading, wave trading and many many more.

There's also quite a bit of very good free information that gives you a sample of what's inside.

The site is quite large and worth anyone's time. I am a member there. You may PM me if you have questions. I don't check the FF thread much these days because my time is spent on the private forum but I check back here periodically and saw this question.

I do answer my PMs from FF though.
  • #16,307
  • Apr 28, 2012 6:35pm Apr 28, 2012 6:35pm
Quoting strat
First and foremost, your studies at University come first - never let anything stand in the way of this.

You should read all this thread because reading, and more so, UNDERSTANDING, is part of the Induction for new members to the Website.

There are members who joined us and, although they read the thread several times, did not UNDERSTAND, and joining the website is taking your UNDERSTANDING and proficiency to the next level.
thanks very much strat, i will read this thread and try to understand...
will take some time, but no problem, i am just waiting my journal publication, so, i have some spare time, and i know, what i do will be good for the future
  • #16,308
  • Edited 12:38am Apr 29, 2012 12:09am | Edited 12:38am
Fatonhezic,
Just to add to Mstandifer - one very pleasant aspect of the private forum is that the traders there are serious, and helpful. Everyone has the same goal to learn and improve their trading. Unlke many public forum it doesn’t descend into chaos and arguments.
Like Strat said focus on your Uni first and foremost. The markets will always be there for you to learn. Trading is not a get rich quick scheme, as someone once said "Trading is the toughest way in the world to make easy money".
If you can wait and not be tired by waiting...
  • #16,309
  • Apr 29, 2012 2:24am Apr 29, 2012 2:24am
Quoting strat
Yes, we are looking to trade the Worker as it turns into the Boss trend which has turned, or is turning, into the Big Boss trend.

On my charts, I had a Shooting Star at Resistance forming a double top with the unconfirmed swing high on March 15. This is PASR and put us into our current down trend positions which are FREE TRADES and already put profits in the bank for us.

This is all based on THE POWER OF TIME FRAMES detailed in this thread.
Thanks for the feedback. Taking this one step further, the current situation is still looking bearish if it can get below the current SR level it is on.

Big Boss still in down trend

Boss is returning to main Big Boss trend and has just put in a BEEB

Worker has had a short time in Big Boss trend and may continue. Worker has also just put in a BEOB with a strong close at a key SR level.

This is more of a continuation trade of the previous example I posted. Would this be enough for you to trade on this?

My only concern is that the worker and Boss did not put in a lower close below the key SR level and this level could still act as support.

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Many thanks.
  • #16,310
  • Apr 29, 2012 10:27am Apr 29, 2012 10:27am
Quoting fxdrive
Thanks for the feedback. Taking this one step further, the current situation is still looking bearish if it can get below the current SR level it is on.

Big Boss still in down trend

Boss is returning to main Big Boss trend and has just put in a BEEB

Worker has had a short time in Big Boss trend and may continue. Worker has also just put in a BEOB with a strong close at a key SR level.

This is more of a continuation trade of the previous example I posted. Would this be enough for you to trade on this?

My only concern is that the worker and Boss...
Price is sat on strong support so unless you already have short positions, I would not initiate a new position until there is a strong CLOSE below support.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,311
  • Apr 30, 2012 8:56am Apr 30, 2012 8:56am
I've seen references to a Strat shadow. I've been searching through the thread but not actually found the definition of what this is. Can anyone point me to where this is discussed or enlighten me?

Many thanks in advance.
  • #16,312
  • Apr 30, 2012 11:04am Apr 30, 2012 11:04am
Quoting fxdrive
I've seen references to a Strat shadow. I've been searching through the thread but not actually found the definition of what this is. Can anyone point me to where this is discussed or enlighten me?

Many thanks in advance.
The Strat Shadow is the area between our 20 and 50 MAs and acts as DYNAMIC support and resistance. It can be positive or negative and is one of our many tools in PASR.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,313
  • Apr 30, 2012 11:44am Apr 30, 2012 11:44am
Quoting strat
The Strat Shadow is the area between our 20 and 50 MAs and acts as DYNAMIC support and resistance. It can be positive or negative and is one of our many tools in PASR.
Ah right. Presumably, you use it as a confluence tool in addition to other PASR that is happening at the same time in the same place. E.G. a hammer through the Strat shadow all going in the direction of the Big boss, boss and worker would give you more confidence in the trade.
  • #16,314
  • Apr 30, 2012 6:52pm Apr 30, 2012 6:52pm
Quoting fxdrive
Ah right. Presumably, you use it as a confluence tool in addition to other PASR that is happening at the same time in the same place. E.G. a hammer through the Strat shadow all going in the direction of the Big boss, boss and worker would give you more confidence in the trade.
Yes, plus many more uses.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,315
  • May 1, 2012 6:27am May 1, 2012 6:27am
Sometimes a bit of common sense helps.
Spinner 'Tis in the Waiting.....
  • #16,316
  • May 2, 2012 7:53am May 2, 2012 7:53am
EURUSD has finally made the expected move down but don't get carried away with all the media hysteria surrounding this pair. It looks like the wobble area is around 1.3150 and then there is the demand TL below it at 1.3050 - Use common sense and logic.

Full details - you know where
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,317
  • Edited 10:33am May 2, 2012 9:36am | Edited 10:33am
Big Boss now showing a BEEB

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Monthly2.png Size: 37 KB


Edit: Also bounced off the Strat shadow. Is this correct as it's my first use of the Strat shadow.
  • #16,318
  • May 2, 2012 1:03pm May 2, 2012 1:03pm
Quoting fxdrive
Big Boss now showing a BEEB

Attachment

Edit: Also bounced off the Strat shadow. Is this correct as it's my first use of the Strat shadow.
Yes, and on my chart, I have a Shooting Star at resistance (PASR) - you can enter below the low of the Shooting Star or, an entry with less RISK, is to enter below the low of yesterday's candle. Either way, the SL goes above the high of the Shooting Star.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,319
  • May 2, 2012 1:37pm May 2, 2012 1:37pm
Quoting strat
Worker close up - is 3 touches enough?
Yes, but still not enough to make all the bears happy!

I can still remember the days when I got my face slapped for getting 3 touches - "Those were the days, my friend" - Mary Hopkins
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,320
  • May 2, 2012 2:14pm May 2, 2012 2:14pm
Missed target a few pips. Will see, if not, it is a pretty good charting.
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