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  • #16,701
  • Jul 28, 2012 11:11am Jul 28, 2012 11:11am
Quoting bullzeye
How would you see this setups guys?

Attachment

NZDJPY up to resistance at 64.00 and then ""if"" PRICE can close above that then it is on to 69.00

Attachment

PRICE has been rejected by 1.3060

Attachment

All 3 time frames are "still" in a DOWN swing
All 3 time frames are "still" in a DOWN swing
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,702
  • Jul 28, 2012 3:48pm Jul 28, 2012 3:48pm
CHF/JPY

looks almost similar to the E/U daily setup, retest of a nice S/R zone

Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy.gif Size: 23 KB
  • #16,703
  • Jul 28, 2012 3:50pm Jul 28, 2012 3:50pm
Quoting strat
Well if you HAVE read the thread you didn't pay attention plus it has been posted twice recently.
fair enough, thanks...well i have to read the whole thread
  • #16,704
  • Jul 28, 2012 4:00pm Jul 28, 2012 4:00pm
AUD/CAD

how would you identify the last weekly bar? a pinbar as continuation of a trend or a hanging man as a break of trend?

Attached Image (click to enlarge)
Click to Enlarge Name: audcad.gif Size: 27 KB
  • #16,705
  • Jul 28, 2012 7:28pm Jul 28, 2012 7:28pm
Quoting bullzeye
AUD/CAD

how would you identify the last weekly bar? a pinbar as continuation of a trend or a hanging man as a break of trend?

Attachment
If you had read the thread you would know my actions on a Hanging Man - it needs confirmation before any action since they fail as often as they work. The next candle will tell us what the Hanging Man REALLY means.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,706
  • Jul 30, 2012 6:35pm Jul 30, 2012 6:35pm
Quoting patrick25
From my observation price and Strat shadow, when price broke the present R, beware of shorting with PA and Strat shadow because the phase R becomes S. Look at previous Rs when price came them and Strat shadow, it countinued down.
I got a full-blown SL on that trade Patrick.
Been blaming myself all weekend long.
Many things were miscalculated by me, but most definety
lack of P&D (patience & discipline) had key role in trade failure.

Anyway looking forward for better trading days..
July took back most of four consecutive months' profits for me.

Life goes on
Gb
  • #16,707
  • Jul 30, 2012 9:14pm Jul 30, 2012 9:14pm
Quoting Rubens PP
I got a full-blown SL on that trade Patrick.
Been blaming myself all weekend long.
Many things were miscalculated by me, but most definety
lack of P&D (patience & discipline) had key role in trade failure.

Anyway looking forward for better trading days..
July took back most of four consecutive months' profits for me.

Life goes on
Gb
Whoa, Rubens, post a chart showing your entry and SL - let's sort this out for you. Losing 4 months profit is definitely NOT on "The Path".
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,708
  • Aug 2, 2012 7:49am Aug 2, 2012 7:49am
Quoting strat
Whoa, Rubens, post a chart showing your entry and SL - let's sort this out for you. Losing 4 months profit is definitely NOT on "The Path".

Thank you Strat so much for everything,

Will take some time off, re-group, re-scheduale and re-visit trading things after summer.

Happy Holidays to everyone in the thread.
gb
  • #16,709
  • Aug 2, 2012 10:31am Aug 2, 2012 10:31am
Quoting strat
I have posted many times about the tricks and games the big boys play with retail traders (us) and here is their favourite - THE STOP RUN
Nearly 170 pips !!!..
one heck of a StopRun... !!

baz
  • #16,710
  • Aug 2, 2012 11:03am Aug 2, 2012 11:03am
I have written many times about the tricks and games the Big Boys play on retail traders (us) particularly their favourite, Stop Runs.

Here is what they did today.

Fortunately, those of us entering or adding new positions with yesterday's PASR signal using our SET UP CANDLE, were not affected. Not so for those who entered with market orders.
Attached Image (click to enlarge)
Click to Enlarge Name: NY Stop Run.png Size: 52 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,711
  • Aug 2, 2012 11:11am Aug 2, 2012 11:11am
At @ 2.30 my news flow had this message
" *Draghi: It's Pointless to Go Short on Euro"

Haha ha ha ha

And he's in charge of the EU economy!!!
If you can wait and not be tired by waiting...
  • #16,712
  • Aug 4, 2012 10:38am Aug 4, 2012 10:38am
Just posted on the website:

Since I believe EUR pairs will rally from here, I have just gone flat and closed the following trades on EURAUD.

1156 pips
951 pips
871 pips
858 pips
816 pips
740 pips
708 pips
664 pips
607 pips
511 pips
278 pips
236 pips
206 pips
36 pips
-44 pips

TOTAL 8594 pips

This took me less than 5 minutes each day after New York close so a total of 75 minutes.

This equates to 8594/75 = 114.5 pips/minute which is IMPOSSIBLE on M1 & M5 time frames plus it is 100% STRESS FREE and I have all day to do nothing except walk by the beautiful Pacific Ocean.

There are members on the website who are doing the same, some even better!

The chart shows ACTUAL trades from "Account History". If you don't know how to do this:

Go to "Account History" and drag each trade onto your chart. It will show both your entry and exit. You have to do this for each trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.png Size: 48 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,713
  • Aug 5, 2012 3:22am Aug 5, 2012 3:22am
Quoting strat
Just posted on the website:

Since I believe EUR pairs will rally from here, I have just gone flat and closed the following trades on EURAUD.

1156 pips
951 pips
871 pips
858 pips
816 pips
740 pips
708 pips
664 pips
607 pips
511 pips
278 pips
236 pips
206 pips
36 pips
-44 pips

TOTAL 8594 pips

This took me less than 5 minutes each day after New York close so a total of 75 minutes. [color=Blue]

This equates to 8594/75 = 114.5 pips/minute which is IMPOSSIBLE on M1 & M5 time frames plus it...
Verrry nice.

Presumably live account?

The sceptics will ask about your other trades, presumably you do have some losers. I know, who wants to hear about them!

Realistically, given the no of pips stop loss that is needed to trade the higher time frames, what size of account trading mini lots would you need in order to trade your strategy? Taking all the trades available at any one time?

One of the biggest problems I found trying to trade your strategy was the need to make my trading decisions in the middle of the night which is the end of NY and the daily candle in my time zone, I am not at my best then, even with preparation analysis undertaken earlier in the day it is not 5 minutes work.

Larry

Seeking info not criticising
  • #16,714
  • Aug 5, 2012 8:18am Aug 5, 2012 8:18am
I Start
Can you explain this strategy, please.
Best Regards
Julio Bento

Quoting strat
Just posted on the website:

Since I believe EUR pairs will rally from here, I have just gone flat and closed the following trades on EURAUD.

1156 pips
951 pips
871 pips
858 pips
816 pips
740 pips
708 pips
664 pips
607 pips
511 pips
278 pips
236 pips
206 pips
36 pips
-44 pips

TOTAL 8594 pips

This took me less than 5 minutes each day after New York close so a total of 75 minutes. [color=Blue]

This equates to 8594/75 = 114.5 pips/minute which is IMPOSSIBLE on M1 & M5 time frames plus it...
  • #16,715
  • Aug 5, 2012 9:17am Aug 5, 2012 9:17am
Quoting jjibl
I Start
Can you explain this strategy, please.
Best Regards
Julio Bento
Just holding my breath for the Strat response to this!

Larry
  • #16,716
  • Aug 5, 2012 10:28am Aug 5, 2012 10:28am
Quoting jjibl
I Start
Can you explain this strategy, please.
Best Regards
Julio Bento
Of course, go here http://www.forexfactory.com/showthread.php?t=155459

then to the website in my signature
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,717
  • Aug 5, 2012 10:45am Aug 5, 2012 10:45am
Thank's
Regards
Julio Bento

Quoting strat
Of course, go here http://www.forexfactory.com/showthread.php?t=155459

then to the website in my signature
  • #16,718
  • Aug 5, 2012 1:44pm Aug 5, 2012 1:44pm
Quoting LarryK
Verrry nice.

Presumably live account?

The sceptics will ask about your other trades, presumably you do have some losers. I know, who wants to hear about them!

Realistically, given the no of pips stop loss that is needed to trade the higher time frames, what size of account trading mini lots would you need in order to trade your strategy? Taking all the trades available at any one time?

One of the biggest problems I found trying to trade your strategy was the need to make my trading decisions in the middle of the night which is the end of NY...
Presumably live account?

Always, Larry, you should remember I have no use for demo trading

The sceptics will ask about your other trades, presumably you do have some losers. I know, who wants to hear about them!

Of course. Sometimes I have big losers but in the grand scheme of things they are still small.

Realistically, given the no of pips stop loss that is needed to trade the higher time frames, what size of account trading mini lots would you need in order to trade your strategy? Taking all the trades available at any one time?

This all depends on the individual trader. We have members who trade micro lots and mini lots on both basic PASR and PASR trend trading. You must always trade within your own personal MM rules. Our members don't take all the trades I do, some just hold a position, or a few positions, until close out which means the stop loss, once in locked profit, becomes insignificant. I have my own MM rules where I use protected profit to compound and add additional trades.

We have "senior" members in the same position as you, Larry, who are trading very well within their account limits.

One of the biggest problems I found trying to trade your strategy was the need to make my trading decisions in the middle of the night which is the end of NY and the daily candle in my time zone, I am not at my best then, even with preparation analysis undertaken earlier in the day it is not 5 minutes work.

We have one member in South Africa with the same dilemma as you, Larry, and he is doing very well. If you are interested in talking to him, send me a PM and I will put you in contact.

The most important consideration is to be comfortable in what you are doing and not try to "force" things. Also remember this is trend trading and requires a completely different mind set to regular "in/out" trading. We have members who struggle with this and others (No1 Optimist) who is catching me up FAST.

Larry

Seeking info not criticising

None taken and hope this helps.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,719
  • Aug 7, 2012 12:09am Aug 7, 2012 12:09am
Quoting jjibl
Thank's
Regards
Julio Bento
Put in the time and effort read the thread and yes even subscribe to Strat's paid site. Most importantly understand what you read.

I looked at Strat's trades on EURAUD, two years ago I would have been scratching my head saying how the hell did he do that, now at least understand how he took all those trades and I even managed some of them myself, (some)

cheers
  • #16,720
  • Aug 8, 2012 12:37pm Aug 8, 2012 12:37pm
Extracted from the website below:

First week of July 2012

After a pretty ordinary June, without many good trend add on opportunities, because of all the pulling back after the big trendy moves during May; there are now some newly configured and highly tradeable trends established.

All the closed trades shown were trend add on trades, using Daily bars for all setup parameters:

Similarly for the Open trades. All are now at Break Even and therefore Free Trades.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Trading Account at start 6 July 2012.jpg Size: 73 KB
Click to Enlarge Name: Account History week 1, July 2012.jpg Size: 88 KB
15 YEARS OF PASR ON FOREX FACTORY!
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