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Strat's Long Term Stress Free Trading

  • #16,641
  • Jul 6, 2012 5:23pm Jul 6, 2012 5:23pm
Quoting strat
You may want to consider just pulling your SL up to 50% of the July 5th bar - that way you will still be in if PRICE continues higher and still get out with a good profit if PRICE reverses - all depends on your tolerance for risk
Thanks for good advices Strat.
  • #16,642
  • Jul 7, 2012 3:26am Jul 7, 2012 3:26am
http://www.forexfactory.com/attachme...1&d=1341649534

SEE ANYTHING ????..and the CURRENT HANGMAN has the SMALLEST Upper Wick...Lets see how it pans out.
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  • #16,643
  • Jul 7, 2012 10:51am Jul 7, 2012 10:51am
Quoting baz
http://www.forexfactory.com/attachme...1&d=1341649534

SEE ANYTHING ????..and the CURRENT HANGMAN has the SMALLEST Upper Wick...Lets see how it pans out.
Well based on that chart, Baz, the hanging man is definitely a reliable trading pattern on S&P 500 so get out yer wellies and fill em with shorts!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,644
  • Jul 10, 2012 3:31pm Jul 10, 2012 3:31pm
EURNZD currently in the 5th wave down - full discussion on the website.
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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,645
  • Jul 11, 2012 5:46am Jul 11, 2012 5:46am
I like your method copied below.
I worked on an indicator some time ago which can be used with this method please find it attached.
Please try out the indicator while applying the rules below if it is useful I'd be grateful for any feedback.
I've copied below the text of my original post.
Thanks


Hi guys,

The previous indicator that i posted is now superseded by this one.

In principal when the bars are red you should be short and when they're green you should be long.

It is a purely price action based indicator based on fractals. It works well in trending markets, and can tell you which direction the trend is in.

I would not trade purely based on this indicator but would use it in a system that uses resistance and support levels... trendlines, pivots etc...

Remember to look at the other timeframes... especially the daily, h4, h1 and m15. when taking a trade look for confluence in different timeframes... if current bars are green i.e. in m1,m5,m30,h1,h4 and daily then it is probably safe to go long. If the trend begins to turn it will usually start with the smaller time frames and then move up. I'm creating a panel that gives you a snapshot of all the time frames for any number of pairs.

P.s if you're having trouble viewing the coloured candles, simply untick the 'Foreground Chart' option from the Charts menu.
Or, click on your chart press F8 for properties. Click the 'common' tab and untick/unselect 'Chart on foreground' (i.e. the tick should be removed). And click 'OK'.
If you still have trouble you can also try changing the view to 'line chart' or 'bar chart'.

Thanks...

Caldera


Quoting strat
You can't beat a "Quickie" on a Thursday morning so based on some of the recent posts, here is a quick refresher on the POWER OF TIME FRAMES.

Quick refresher on the Power of Time Frames


1) We take our direction from the BIG BOSS

2) We take our direction (and sometimes trades) from the BOSS

3) [font=Arial]We...
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 FractalWave_v100.ex4   5 KB | 590 downloads
  • #16,646
  • Jul 11, 2012 3:01pm Jul 11, 2012 3:01pm
Quoting caldera
I like your method copied below.
I worked on an indicator some time ago which can be used with this method please find it attached.
Please try out the indicator while applying the rules below if it is useful I'd be grateful for any feedback.
I've copied below the text of my original post.
Thanks


[i]Hi guys,

The previous indicator that i posted is now superseded by this one.

In principal when the bars are red you should be short and when they're green you should be long.

It is a purely price action based indicator based on fractals. It works...
I think you have posted on the wrong thread
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,647
  • Jul 11, 2012 4:35pm Jul 11, 2012 4:35pm
The indicator is based on price action and works on the principles outlined in your post below:

http://www.forexfactory.com/showthre...28#post3620328

Using the indicator it is possible to see the long term trend from the higher time frames and also the shorter term trends from the lower time frames based on the price action.

The indicator simply provides a visual on which direction the price is going.

Quoting strat
I think you have posted on the wrong thread
  • #16,648
  • Jul 11, 2012 6:23pm Jul 11, 2012 6:23pm
Quoting caldera
The indicator is based on price action and works on the principles outlined in your post below:

http://www.forexfactory.com/showthre...28#post3620328

Using the indicator it is possible to see the long term trend from the higher time frames and also the shorter term trends from the lower time frames based on the price action.

The indicator simply provides a visual on which direction the price is going.
OK, sorry for the confusion.

I have added your indicator to the Worker chart having a blue line representing the Boss trend.

When the Worker turns into the Boss trend is when we initiate our trades which is basically saying, buy when PRICE closes above the blue line and sell when PRICE closes below the blue line.

Unfortunately, your indicator in its present form would, in some cases, have us trading the Worker AGAINST the Boss trend.

Thank you for your contribution and I appreciate the interest.
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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,649
  • Jul 12, 2012 11:23am Jul 12, 2012 11:23am
Worth a wait for good setup.
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  • #16,650
  • Jul 12, 2012 12:04pm Jul 12, 2012 12:04pm
Quoting patrick25
Worth a wait for good setup.
Excellent, Patrick, you are getting really good at the Waiting Game. I think I will have to call you the "Head Waiter" from now on.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,651
  • Jul 12, 2012 9:17pm Jul 12, 2012 9:17pm
Quoting strat
Excellent, Patrick, you are getting really good at the Waiting Game. I think I will have to call you the "Head Waiter" from now on.
Thanks Strat, just a basic PASR and Strat shadow trading.
  • #16,652
  • Jul 13, 2012 7:47am Jul 13, 2012 7:47am
Hi Strat, Patrick, et al

If I may ask a simple question here if you would agree or disagree with where I think the following pairs are in relation to trend.

There wont be any mention of CHF no point if you have EUR is there?

My platform does not provide all pairs available

EURAUD D W M short
EURCAD D W M short
EURGBP D short, W maybe soon short, M ranging
EURJPY D short, W & M ranging
EURUSD D W short, M ranging

All others ranging, ie no real bias yet.

I am not going to do any analysis explanation, nor do I expect anyone to give me an analysis why they disagree if they do, just interested to know if you think the above is fairly accurate.

Larry
  • #16,653
  • Jul 13, 2012 10:55am Jul 13, 2012 10:55am
Quoting LarryK
Hi Strat, Patrick, et al

If I may ask a simple question here if you would agree or disagree with where I think the following pairs are in relation to trend.

There wont be any mention of CHF no point if you have EUR is there?

My platform does not provide all pairs available

EURAUD D W M short
EURCAD D W M short
EURGBP D short, W maybe soon short, M ranging
EURJPY D short, W & M ranging
EURUSD D W short, M ranging

All others ranging, ie no real bias yet.

I am not going to do any analysis explanation, nor do I expect anyone to give me an analysis...
Hello Larry,

Good to see you still taking an interest in PASR.

Trend spotting eh? Makes a change from train spotting which I used to do as a young kid - I got the Mallard!

Anyway, I will leave answering your question to Roger (No1Optimist) who is the very successful leader of our trend following method.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,654
  • Jul 13, 2012 10:57am Jul 13, 2012 10:57am
I just posted this and the discussion on the website so thought I would share the chart here.
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,655
  • Jul 13, 2012 9:56pm Jul 13, 2012 9:56pm
Trend spotting eh? Makes a change from train spotting which I used to do as a young kid - I got the Mallard!


Would this be the duck your referring to? Quite a sight!!

Poncho
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" I can read the left side of the chart, the right side's a Bitch!
  • #16,656
  • Jul 15, 2012 3:14am Jul 15, 2012 3:14am
Quoting strat
I just posted this and the discussion on the website so thought I would share the chart here.
Like every other predictive theory, this has the standard 50% chance of being right, of course I know that it will only be traded if the correct Price Action happens at Support or Resistance.

Larry
  • #16,657
  • Jul 15, 2012 11:43am Jul 15, 2012 11:43am
Quoting LarryK
Hi Strat, Patrick, et al

If I may ask a simple question here if you would agree or disagree with where I think the following pairs are in relation to trend.

There wont be any mention of CHF no point if you have EUR is there?

My platform does not provide all pairs available

EURAUD D W M short
EURCAD D W M short
EURGBP D short, W maybe soon short, M ranging
EURJPY D short, W & M ranging
EURUSD D W short, M ranging

All others ranging, ie no real bias yet.

I am not going to do any analysis explanation, nor do I expect anyone to give me...
Hi Larry,
I am not quatify to disagree. About trend trading, I am not quatify either but I realise that it all about how you read PA. The momentum counter trend can change to new trend. PA around our 20&50 can tell me if it makes to a new trend or countinues current trend. I control risk and minimize risk and watch PA to explore the trend. I also realise that if you think about profit when you open trades to explore the trend, you will have hard time trend trading. I am still a baby @ trend trading.
  • #16,658
  • Jul 15, 2012 12:08pm Jul 15, 2012 12:08pm
Quoting patrick25
Hi Larry,
I am not quatify to disagree. About trend trading, I am not quatify either but I realise that it all about how you read PA. The momentum counter trend can change to new trend. PA around our 20&50 can tell me if it makes to a new trend or countinues current trend. I control risk and minimize risk and watch PA to explore the trend. I also realise that if you think about profit when you open trades to explore the trend, you will have hard time trend trading. I am still a baby @ trend trading.
For example on GBPCAD, I have minimized my risk now I can explore the trend and I have Strat shadow behind me.
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  • #16,659
  • Jul 15, 2012 9:33pm Jul 15, 2012 9:33pm
Quoting LarryK
Like every other predictive theory, this has the standard 50% chance of being right, of course I know that it will only be traded if the correct Price Action happens at Support or Resistance.

Larry
Right, Larry. We don't trade EW because we don't reliably know where we are until it is almost over. Since we think we are somewhere in wave 5, we are just looking at all the possibilities for wave 5 projection in conjunction with PASR.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,660
  • Jul 15, 2012 9:41pm Jul 15, 2012 9:41pm
Quoting LarryK
Hi Strat, Patrick, et al

If I may ask a simple question here if you would agree or disagree with where I think the following pairs are in relation to trend.

There wont be any mention of CHF no point if you have EUR is there?

My platform does not provide all pairs available

EURAUD D W M short
EURCAD D W M short
EURGBP D short, W maybe soon short, M ranging
EURJPY D short, W & M ranging
EURUSD D W short, M ranging

All others ranging, ie no real bias yet.

I am not going to do any analysis explanation, nor do I expect anyone to give me an analysis...
I don't know why Roger isn't replying so I will give you my input:

EURAUD D W M short
Agree, Down – Dr. Joe’s favourite pair!

EURCAD D W M short
Agree, Down

EURGBP D short, W maybe soon short, M ranging
Agree, Down

EURJPY D short, W & M ranging
All ranging

EURUSD D W short, M ranging
W,M short, D consolidation


You've still got it Larry, no need to worry.
15 YEARS OF PASR ON FOREX FACTORY!
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