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Strat's Long Term Stress Free Trading

  • #16,521
  • May 22, 2012 5:48pm May 22, 2012 5:48pm
Quoting trogger
... oh well, at least "old faithfull" (PA) took me out - just after I passed out.

Woke up this morning to find I'm Completely out now. Watching potential double bottom formation on the worker at 75.20 and this level on the longer time frames*
News is all bad on the Kiwi**. Balance of payments, commodity prices, unemployment, contracting economy, Euro risk.. blah.. blah.. Talking heads having a field day.

Attachment

Attachment


* Find a Boss/BB chart that goes Back a bit further.

** And this kiwi has one hell of...
So what are you going to do now, Wild Thing, since she is down at Demand - maybe retire on all your profits?

I almost cried when I read your news
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,522
  • May 22, 2012 6:23pm May 22, 2012 6:23pm
Quoting Bones
bullish ?
I will leave the market to answer you dear Bones. Top fishing is expensive dear Bones. PA is only a part of the situation and without the proper filters your account is exposed.
  • #16,523
  • May 23, 2012 3:18am May 23, 2012 3:18am
I do not read price dear Bones, but I know when NOT to trade especially when price is trapped in a DEAD ZONE.
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  • #16,524
  • May 23, 2012 3:47am May 23, 2012 3:47am
Quoting Michael-SPA
I do not read price dear Bones, but I know when NOT to trade especially when price is trapped in a DEAD ZONE.
Michael..
Tony is not allowed to post here anymore..BUT you can take up discussion with Tony ( Bones ) on Hussins Candlestick THREAD..

all the best

baz
  • #16,525
  • May 23, 2012 7:38am May 23, 2012 7:38am
Quoting strat
So what are you going to do now, Wild Thing, since she is down at Demand - maybe retire on all your profits?

I almost cried when I read your news
Ah, feelin' much better now.

Retire? Goodness, my dear chap: meaningful endevour is the ONLY thing that keeps me away from booze, hard drugs and fast women. [ Well..... one out of three isn't bad, is it?]

Demand?

You mean this?

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Well, double bottom didn't eventuate at 75.20. Maybe a hammer coming up against 74.60?
Failing that, my "Instects" tell me that november low at 73.70 should hold on the first attempt.

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But. then again : would you trust a cockroach?
  • #16,526
  • May 23, 2012 10:43am May 23, 2012 10:43am
Quoting trogger
Ah, feelin' much better now.

Retire? Goodness, my dear chap: meaningful endevour is the ONLY thing that keeps me away from booze, hard drugs and fast women. [ Well..... one out of three isn't bad, is it?]

Demand?

You mean this?

Attachment


Well, double bottom didn't eventuate at 75.20. Maybe a hammer coming up against 74.60?
Failing that, my "Instects" tell me that november low at 73.70 should hold on the first attempt.

Attachment

But. then again : would you trust a cockroach?
I have some positions set for TP at 0.7390 and it could take more than that line at 0.7370 to stop this south bound train.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,527
  • May 23, 2012 10:48am May 23, 2012 10:48am
We are nearing decision time at 0.9650 - definitely wobble time here but will it be enough to halt this weaker than cheese currency? The way this thing is going we may have a test of my depth gauge at 0.94
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,528
  • May 23, 2012 7:43pm May 23, 2012 7:43pm
Hi Strat, JohnDev here.

Perhaps the BB close in a weeks time will give a pointer

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  • #16,529
  • May 23, 2012 9:20pm May 23, 2012 9:20pm
Quoting Yick
Hi Strat, JohnDev here.

Perhaps the BB close in a weeks time will give a pointer

Attachment
That's exactly where my 0.9650 came from John but Oz is so weak now even the Wizard may not be able to stop it going lower.

Whatever happens there is PASR so, as usual, we will just follow the Big Boys.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,530
  • May 24, 2012 11:08pm May 24, 2012 11:08pm
Trogger, does it look like mantis?
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  • #16,531
  • May 25, 2012 10:29am May 25, 2012 10:29am
Quoting zzz
Trogger, does it look like mantis?
More like a bloody porcupine!

Look at all the tails and wicks - and this is a Boss chart - the Worker is even worse.

Along with EURCHF, GBPCAD has been put to rest on my charts.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,532
  • May 25, 2012 3:43pm May 25, 2012 3:43pm
Time to refuel?
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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,533
  • May 25, 2012 3:44pm May 25, 2012 3:44pm
Time to refuel?
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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,534
  • May 25, 2012 3:45pm May 25, 2012 3:45pm
Time to refuel?
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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,535
  • May 28, 2012 6:03am May 28, 2012 6:03am
Quoting strat
Time to refuel?
http://www.forexfactory.com/images/editor/menupop.gif

..sneaking in on target.

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  • #16,536
  • May 28, 2012 6:12am May 28, 2012 6:12am
Quoting strat
More like a bloody porcupine!

Look at all the tails and wicks - and this is a Boss chart - the Worker is even worse.

Along with EURCHF, GBPCAD has been put to rest on my charts.

...than Wall Street.!

Actually, I initially thought this to be the rather elusive "charging Pot-Bellied Pig" formation when zzz first posted it...

The only thing I'm using this area for is protecting profit.

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  • #16,537
  • May 28, 2012 6:55am May 28, 2012 6:55am
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I don't think so.

Notice the "megaphone" form on the short time frame charts as soon as we test the Nov high. Yes, to the pip.

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My original long (from 1.8xx) was taken out on the second test of 2.10. Sloppy target setting saw long limit missed by a couple of pips on the first attempt, but I was lucky and there was a second test which took me out before the expected reaction once we reached the Nov high. Reversed here against known risk.

Kiwi is weak, certainly. But risk clearly defined.

Will take 400 + pips here on one third position and monitor balance on the daily.

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Profit helps a man sleep.
Off to bed now. Night all.
  • #16,538
  • May 31, 2012 10:52am May 31, 2012 10:52am
Hi Strat, is me again. This is my analysis regarding gold.

1.Monthly Bullish-chart show a bull flag, touch 20 and a strong support 1560.
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2.Weekly Bearish - chart show two hammer after a down trend at strong support, but 20 and 50 pointing downward, plus price break to downside of trend line. Bull momentum considered not strong.
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3.Daily Bullish - 3 touchs of 1530 with 2 hammers. 1530 considered strong support. A trend change may be in progress.
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Conclusion: Weekly got 2 hammers at support, daily show no seller below 1530. I think I should trade long, but it is lack of prove that bull still in control. So, my plan is:

I am trading H4. Long only when H4 20 crossed up H4 50 and enter with PASR.
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Strat, would you enter trade base on the 2 weekly hammers? Please comment on my analysis. Thanks.
  • #16,539
  • May 31, 2012 1:41pm May 31, 2012 1:41pm
Quoting kit_0807
Hi Strat, is me again. This is my analysis regarding gold.

1.Monthly Bullish-chart show a bull flag, touch 20 and a strong support 1560.
Attachment

2.Weekly Bearish - chart show two hammer after a down trend at strong support, but 20 and 50 pointing downward, plus price break to downside of trend line. Bull momentum considered not strong.
Attachment

3.Daily Bullish - 3 touchs of 1530 with 2 hammers. 1530 considered strong support. A trend change may be in progress.
Attachment

Conclusion: Weekly got 2 hammers...
Your analysis is good.

For your lowest risk and stress you should wait for a close above the Big Boss supply line but if you are a risk taker you could trade the Worker with a close above its supply line accepting that it may stall/retreat at the next higher time frame supply line.
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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,540
  • Jun 1, 2012 5:13am Jun 1, 2012 5:13am
Quoting kit_0807
Hi Strat, is me again. This is my analysis regarding gold.

1.Monthly Bullish-chart show a bull flag, touch 20 and a strong support 1560.
Attachment

2.Weekly Bearish - chart show two hammer after a down trend at strong support, but 20 and 50 pointing downward, plus price break to downside of trend line. Bull momentum considered not strong.
Attachment

3.Daily Bullish - 3 touchs of 1530 with 2 hammers. 1530 considered strong support. A trend change may be in progress.
Attachment

Conclusion: Weekly got 2 hammers...
I think you are completely wrong. All TFs are pointing short - lower lows, lower highs, lower closes. Even monthly close is below 1564 (lowest close of support). A lot of hammers, but price is not able to go up. It wont last long time and the gold will be traded on 1500 and lower.
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