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Strat's Long Term Stress Free Trading

  • #16,581
  • Jun 18, 2012 2:04pm Jun 18, 2012 2:04pm
Started with Sunday candle.
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  • #16,582
  • Jun 19, 2012 6:38am Jun 19, 2012 6:38am
Quoting patrick25
Started with Sunday candle, will close all at the end of today candle.
Glad to see you are still doing good, Patrick. Yes, now at Big Boss support.

I miss my Sunday candles!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,583
  • Jun 19, 2012 2:36pm Jun 19, 2012 2:36pm
Inside Bar day today - on 10 of my pairs.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,584
  • Jun 19, 2012 6:11pm Jun 19, 2012 6:11pm
Quoting trogger
Attachment

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...
I'll be quitting..

.. here.

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  • #16,585
  • Jun 19, 2012 6:20pm Jun 19, 2012 6:20pm
Quoting trogger
I'll be quitting..

.. here.

Attachment

I expect to be quitting here.

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  • #16,586
  • Jun 19, 2012 7:05pm Jun 19, 2012 7:05pm
Quoting trogger
I expect to be quitting here.

Attachment
Why not 1.8620?

Wild Thing, watch out for the wobble at 1.9475.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,587
  • Jun 20, 2012 7:47am Jun 20, 2012 7:47am
Welcome back Buyers!
Been long since last week.
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  • #16,588
  • Jun 20, 2012 8:12am Jun 20, 2012 8:12am
Quoting Rubens PP
Welcome back Buyers!
Been long since last week.
That is a brave trade, Greek Bouncer. Will it get past resistance this time?
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,589
  • Jun 20, 2012 8:43am Jun 20, 2012 8:43am
Quoting strat
That is a brave trade, Greek Bouncer. Will it get past resistance this time?
My estimation derives from tweezer Big Boss bottom Strat.
Am I wrong?

gb
  • #16,590
  • Jun 20, 2012 1:30pm Jun 20, 2012 1:30pm
[quote=trogger;5600505]
Quoting trogger


So, with our Mantis ruminating as to whether this entrapped ruminant may yet wriggle free, he returns to his charts:

First, the BB:
Attachment



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 [font=Arial]Mantises hardly ever stalk their prey. Instead, they...
I closed all positions at around 1.02(+/-) not long after this last post (see pink box).

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Now we did see parity, and obviously, I did leave money on the table.

Maybe an interesting exercise to revisit the trade and evaluate PA subsequent to my closing? Some obvious questions arise: should not I have been adding instead of closing? and,

where was the "correct" PA to finally close this trade? and,

should I have jumped back in long? and

if so, where? (ie on what PA)?

OK. Now, for the present, we are back at (approaching) an area of interest. Please ignore the sell limit - it is there from the original downlrade. I will remove it shortly.
  • #16,591
  • Jun 20, 2012 4:28pm Jun 20, 2012 4:28pm
Quoting Rubens PP
My estimation derives from tweezer Big Boss bottom Strat.
Am I wrong?

gb
You are never wrong when you are in profit!

The Big Boss has been trying to turn the train around since August last year but so far has only succeeded in going sideways. There are many traders positioned long so maybe they will persuade others to join them to get some upward momentum going.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,592
  • Jun 20, 2012 4:34pm Jun 20, 2012 4:34pm
[quote=trogger;5778480]
Quoting trogger

I closed all positions at around 1.02(+/-) not long after this last post (see pink box).

Attachment

Now we did see parity, and obviously, I did leave money on the table.

Maybe an interesting exercise to revisit the trade and evaluate PA subsequent to my closing? Some obvious questions arise: should not I have been adding instead of closing? and,

where was the "correct" PA to finally close this trade? and,

should I have jumped back in long? and

if so, where? (ie on what PA)?

OK. Now, for the present,...
Well the Big Boss is at March 2004 resistance now but looks set to test 2012 first quarter highs again.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,593
  • Jun 20, 2012 4:40pm Jun 20, 2012 4:40pm
[quote=trogger;5778480]
Quoting trogger

I closed all positions at around 1.02(+/-) not long after this last post (see pink box).

Attachment

Now we did see parity, and obviously, I did leave money on the table.

Maybe an interesting exercise to revisit the trade and evaluate PA subsequent to my closing? Some obvious questions arise: should not I have been adding instead of closing? and,

where was the "correct" PA to finally close this trade? and,

should I have jumped back in long? and

if so, where? (ie on what PA)?

OK. Now, for the present,...
where was the "correct" PA to finally close this trade?


Big Boss support at 0.99ish

should I have jumped back in long?

if so, where? (ie on what PA)?


On either Boss Down TL break or Boss PASR (3 dojis/hammer at support)
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,594
  • Jun 21, 2012 10:26am Jun 21, 2012 10:26am
NZDUSD, GBUSD and AUDUSD are all looking HOT tonight..

Which one(s) to pick..?

gb
  • #16,595
  • Jun 21, 2012 12:23pm Jun 21, 2012 12:23pm
Quoting strat
Why not 1.8620?

Wild Thing, watch out for the wobble at 1.9475.

Well now, 1.8620 would do me just nicely. And, with the ghost of Dr Joe whispering in my ear "it keeps going down until it stops going down" and "remember the aussie cad"..... I will resist the temptation to close early.

Having said that, and keeping the 1.86 BB number firmly in mind, I have two red lines marked on my chart. I see resolution of the region between these lines as key to short term (worker) direction.

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If we drop to the 4 hour, we see open/close respecting that upper red line, pretty much to the pip.

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We should have resolution soon, and, while I haven't rushed to kill this trade, I do have my gun outa the holster..
  • #16,596
  • Jun 21, 2012 8:17pm Jun 21, 2012 8:17pm
Quoting trogger
Well now, 1.8620 would do me just nicely. And, with the ghost of Dr Joe whispering in my ear "it keeps going down until it stops going down" and "remember the aussie cad"..... I will resist the temptation to close early.

Having said that, and keeping the 1.86 BB number firmly in mind, I have two red lines marked on my chart. I see resolution of the region between these lines as key to short term (worker) direction.

Attachment


If we drop to the 4 hour, we see open/close respecting that upper red line, pretty much to the pip....
Wild Thing, choose which version you like best - Trini Lopez or Peter, Paul and Hairy but make sure you choose.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,597
  • Jun 21, 2012 8:23pm Jun 21, 2012 8:23pm
Quoting Rubens PP
NZDUSD, GBUSD and AUDUSD are all looking HOT tonight..

Which one(s) to pick..?

gb
EURUSD, USDCHF, USDCAD, USDJPY or maybe the Drachma?
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,598
  • Jun 22, 2012 2:01am Jun 22, 2012 2:01am
Quoting strat
EURUSD, USDCHF, USDCAD, USDJPY or maybe the Drachma?
On second looks, YES.

EURUSD/USDCHF: order in place
USDCAD: scared
USDJPY: already long
I still think NZDUSD, AUDUSD are game too. Especially NZDUSD.
  • #16,599
  • Jun 22, 2012 12:38pm Jun 22, 2012 12:38pm
Extract from the Member's Website:

M1 EURUSD Trend Trading

After yesterday’s strong move down, I expected today, Friday June 22, 2012, to be either more bloodshed or a 50% retrace of yesterday’s bar. I also thought that with it being Friday, and the big boys “knowing” that we know there is little trading on Fridays, they might just surprise everyone and trade the hell out of it.

So, instead of going for my daily 3 mile power walk at 6am (California time), I thought I would get the charts out and see if my expectations were founded. I started at 5:45am, opened my H4 EURUSD chart and entered two lines, one each for support and resistance and then toggled down through each time frame until I got to M1. I noticed the action on each time frame and could see that it was just basically consolidation.

I decided to use M1 because if there was to be any “bloodshed” or significant activity, I would see it there first.

My only purpose at this time was to observe but then as I watched, I thought I may as well trade it and try and recover some of this month’s losses (sustained on my pending orders post)..................................
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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,600
  • Jun 24, 2012 5:11am Jun 24, 2012 5:11am
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If you check the Boss chart, you might have this line marked as important resistance from a while back.. No, I ain't posting it (Boss) for you!

I'm already watching the worker - and do check the difference in candle structure over the last week, if you move to a different broker, with NY as closing time,you get this:

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Right. Gotta get some sleep. Up at Dawn. Cheers.
Night all.
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