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Strat's Long Term Stress Free Trading

  • #16,741
  • Aug 18, 2012 7:32pm Aug 18, 2012 7:32pm
Michael, don't waste funds trying to trade EURUSD UNTIL there is a STRONG close and follow up OUTSIDE the wedge.
Attached Image (click to enlarge)
Click to Enlarge Name: [EURUSD,Daily]_2012-08-18_17-30-03.png Size: 60 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,742
  • Aug 19, 2012 5:17am Aug 19, 2012 5:17am
An intresting read.. how to bring a BANK DOWN

http://uk.finance.yahoo.com/news/bar...055608309.html

baz
  • #16,743
  • Aug 19, 2012 2:10pm Aug 19, 2012 2:10pm
Quoting baz
An intresting read.. how to bring a BANK DOWN

http://uk.finance.yahoo.com/news/bar...055608309.html

baz
Or, how to become famous and successful by being a useless merchant wanker.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,744
  • Aug 20, 2012 10:38am Aug 20, 2012 10:38am
Quoting strat
Michael, don't waste funds trying to trade EURUSD UNTIL there is a STRONG close and follow up OUTSIDE the wedge.
Yes, thank you Strat for the chart and reminder.

Is it permitted to post charts, or are all contributors members of the site ? Going through the thread I really admire the progress patrick and Trogger have made - and many others earlier.

Regards,

michael

P.S. GBPJPY with Line chart and Candle looks interesting to me, but of course I might be wrong.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-08-20_1724_GBPJPY_D1.png Size: 68 KB
Click to Enlarge Name: 2012-08-20_1726_GBPJPY_D2.png Size: 70 KB
Be like water.
  • #16,745
  • Aug 20, 2012 1:02pm Aug 20, 2012 1:02pm
Quoting msmarple
Yes, thank you Strat for the chart and reminder.

Is it permitted to post charts, or are all contributors members of the site ? Going through the thread I really admire the progress patrick and Trogger have made - and many others earlier.

Regards,

michael

P.S. GBPJPY with Line chart and Candle looks interesting to me, but of course I might be wrong.
This is the Forex Factory public site where ALL are welcome and encouraged to post.

Why does GBPJPY look interesting to you?
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,746
  • Aug 20, 2012 1:04pm Aug 20, 2012 1:04pm
This is another extract of some of the posts being done to get some straying members back on to "The Path".
Attached Image (click to enlarge)
Click to Enlarge Name: WORKER candles.png Size: 60 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,747
  • Aug 20, 2012 5:51pm Aug 20, 2012 5:51pm
Quoting msmarple
Yes, thank you Strat for the chart and reminder.

Is it permitted to post charts, or are all contributors members of the site ? Going through the thread I really admire the progress patrick and Trogger have made - and many others earlier.

Regards,

michael

P.S. GBPJPY with Line chart and Candle looks interesting to me, but of course I might be wrong.
Plus there is the 200 also acting as Dynamic Resistance
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-08-20_1726_GBPJPY_D2.png Size: 65 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,748
  • Aug 22, 2012 10:26am Aug 22, 2012 10:26am
Boss Strat Shadow doing its job

Resistance holding
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY BOSS.png Size: 55 KB
Click to Enlarge Name: GBPJPY WORKER.png Size: 65 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,749
  • Aug 22, 2012 4:53pm Aug 22, 2012 4:53pm
Target
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Worker.png Size: 61 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,750
  • Aug 25, 2012 8:57pm Aug 25, 2012 8:57pm
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 is 100% STRESS FREE...
Meanwhile 395 Long pips later..................not a bad signal service!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,751
  • Aug 25, 2012 9:07pm Aug 25, 2012 9:07pm
Quoting strat
Meanwhile 395 Long pips later..................not a bad signal service!
Hello Strat,

I've been reading through your thread for a few weeks now and I wanted to say thank you for giving me the idea of trading on larger time frames (monthly/weekly). I also read through your entire website, great info!

Anyways, normally I trade D1 once MACD has crossed over and hold positions for at least 300 pips per trade. I scale in more trades as we move in the direction of the current trend on pullbacks using the Williams % on the H1.

I'm curious to hear your thoughts on where EUR/AUD is headed in the near term?

I've got a few open long positions but due to the heavy downtrend these past few years I want to make sure I'm careful. One thing that concerns me though is, looking back at the EUR/AUD charts in 2008 (financial crisis) it looks as though EUR/AUD soared! I am anticipating major problems ahead, and assuming things got bad again. Do you think the EUR/AUD will break the weekly and monthly downtrend a crisis occurs? I understand what I am saying is pure speculation but just looking for your input as to whether or not the pair would move UP during times of financial crisis?

I guess what we should watch for is a Bullish Engulfing bar on the monthly chart as I am anticipating a major trend reversal within the following weeks/months. Thoughts?

Thank you and enjoy your weekend!

I forgot to post my current targets with chart. I'm thinking at least 1.21445 which is the 38 retracement from the weekly swing high of 1.30291 (May 18) and the swing low of 1.16039 (July 29).

We might even see 1.23 which is the 50 level of 1.225.

Also, something else to consider is on the Weekly chart the Williams % indicator just crossed over.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Weekly.jpg Size: 194 KB
  • #16,752
  • Aug 26, 2012 10:29am Aug 26, 2012 10:29am
Quoting 100PipsADay
Hello Strat,

Anyways, normally I trade D1 once MACD has crossed over I scale in more trades as we move in the direction of the current trend on pullbacks using the Williams % on the H1.

I'm curious to hear your thoughts on where EUR/AUD is headed in the near term?

Do you think the EUR/AUD will break the weekly and monthly downtrend a crisis occurs? I understand what I am saying is pure speculation but just looking for your input as to whether or not the pair would move UP during times of financial crisis?

Also, something else to consider is...
normally I trade D1 once MACD has crossed over

We trade PASR which tells us when to trade LONG BEFORE useless lagging indicators, especially the MACD, do.

I'm curious to hear your thoughts on where EUR/AUD is headed in the near term?

Ask your beloved indicators - I'm sure they will tell you AFTER it has happened.

Also, something else to consider is on the Weekly chart the Williams % indicator just crossed over.

I wouldn't consider Williams% or any other indicator even if you gave me $1 Million. It ONLY crossed over because PRICE put in a new SWING LOW.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,753
  • Aug 28, 2012 11:20am Aug 28, 2012 11:20am
Patrick knows what to do here
Attached Image (click to enlarge)
Click to Enlarge Name: euraudWorker.png Size: 66 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,754
  • Aug 28, 2012 6:09pm Aug 28, 2012 6:09pm
Talk in everlasting words, and dedicate them all to
Me.
And I will give you all my life, I'm here if you
Should call to me.
You think that I don't even mean,
A single word I say.
It's only words, and words are all I have, to take
Your heart away

Barry Gibb, Robin Gibb & Maurice Gibb

I have been trading your stress free method for so long. Been 2 years now. I was losing in the beginning because of not understanding the method yet. But from last year, I've been winning almost 90% of my trades never take into account of money management. My best trade was 1000++ pips from EURJPY. I was being very very picky on my trades, it has to fulfill a long list of checklist. Sometimes, I only has 2 trades per month. But it's always profiting trade. I hardly hit any Stop Loss. It was incredible.

I'm starting to have losing some trades by learning new methods from other websites. I'm starting to lose confident and feeling lost now. I have only myself to blame. I just want to show appreciation for sharing this method.

Your METHOD really works. My patience costs me, my little ppl cost me.
Posted By: Mashi

I can't say I know what is going to happen next, but what just happened today I have to sit back and digest. Using Strat's method, the NZD trade bagged triple digit pips. Anyone remember Strat's call on the NZDUSD top? A series of inside bars and he warned of an impending change. Well I applied that to the weekly GBP/JPY with a small position size, and successfully closed that trade today for more positive pips than I have ever made. So much that I bailed from both trades like a bandit...
Posted By: Donadoney

To Strat and friends: If you are reading this then you are more blessed than you may realize. First, I would like to wish a happy and safe holiday season to everyone. Let's be thankful for the learning environment we have here and realize how blessed we all are for the opportunity to have someone like Strat who shares his limited time to help us become better traders. Very few people in this world are willing or able to work their way along a difficult path, blaze the trail for others, and then go back and assist the stragglers and newcomers who still can't see the forest for the trees, only asking that they commit to work toward their own success. Strat and others here do that for people every day. In the several months I have been a student of his trading strategy I have seen him be harsh with people who want a free ride, while going to great effort to help those who are willing to do whatever it takes to develop themselves as traders. That is fair enough. Sometimes criticism is hard to take, but if someone is helping you avoid years of painful trial and error and possibly gain the skills that may lead to a better life for yourself and your family, don't you think the least you can do is try to help yourself? I certainly do. If you are new to trading, and especially if you are young and new -- do not take this lightly. Without someone who is qualified to help you, like Strat, who has been tempered by the fires of the real world of trading and has learned from the school of hard knocks you almost certainly won't make it as a trader. And you can easily waste years making costly mistakes on your own. So, we have been given a gift for this holiday season and far beyond. The only requirements are the willingness to learn, courage to try, and the desire to work for our own success. I think that is a very valuable gift. I thank each one of you who has contributed to our group and I'm looking forward to the future of new and exciting opportunities in the markets. And Strat; You are a fairly decent guy -- I don't care what anybody says about you. LOL (I appreciate the comments you made on the NZD trade I posted some days ago. Very helpful. I'm feeling more confident all the time. Still using a demo account, but I plan to open a live account in January.) Regards, Dave
Posted By: PistolDave

This seems like a good time for me to close the trades I have running and come back next year and do it all over again. Since my return from the UK in April, and I started reading (then re-reading) this thread, I find it hard to describe how much my confidence, patience and understanding of PASR has grown (not to mention my account balances). For someone who used to take 8 trades a day, I'm down to 8 trades in 8 months, with a hit rate of 7-1. + 34.43% ROI. Thanks Strat and everyone else who makes this a wonderful learning place. Wishing all a Merry Christmas and Happy new year, Roy
Posted By: 30XTCi
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,755
  • Aug 29, 2012 12:30pm Aug 29, 2012 12:30pm
Into the bigger wedge - full commentary posted
Attached Image (click to enlarge)
Click to Enlarge Name: Workereurusd.png Size: 61 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,756
  • Aug 31, 2012 3:06pm Aug 31, 2012 3:06pm
Just posted:

Let’s do the usual TOP DOWN TIMEFRAME analysis on EURUSD


The Big Boss is sat on strong support of 1.23 to 1.18 and the last 3 months have been trading back in the previous range of 1.23 to 1.27. This gives us a small descending wedge within a big descending wedge.


August is an Inside Bar at strong support but this is the Big Boss and we don’t really want to mess with trading of a Big Boss IB – too many pips if we are wrong.


So, the Big Boss tells us that, providing support holds, we can expect to see PRICE oscillate within the 1.23 to 1.27 trading range.


The Boss is trying to fool traders into thinking higher PRICE but is held at resistance by the Strat Shadow, the Supply trend line and 1.27. A close above all these would indicate a higher PRICE at least up to 1.3


The Worker is following orders and confirms the Boss and Big Boss.


Unless those at Jackson Hole tell the Market a pack of lies, it is likely that PRICE will fall back to support and resume it’s DOWN trend and, depending on weakness, down to support at the lower channel.



The Strat Shadow is already telling us, but this ACTION will be started by a break of the Strat Shadow or the local trend line.


PASR traders are ready, armed and dangerous!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdBigBoss.png Size: 57 KB
Click to Enlarge Name: eurusdBoss.png Size: 75 KB
Click to Enlarge Name: eurusdWorker.png Size: 71 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,757
  • Sep 4, 2012 10:59am Sep 4, 2012 10:59am
Hello Strat,

I am reading a lot in your thread. Thank you for the warning on EURUSD. As a subscriber to many advisory services I had those Elliott Wave experts writing about a sure 1.2740 as target on EURUSD, but looking at higher TF your 1.2680 makes much more sense.

I am very positively surprised by the efficiency of your Strat " shadow ", and I am applying it to as many charts as time permits.

This will of course need real practice and MUCH more effort on my part - I will let you know ASAP if I find the time to join your site.

I don`t really want to use your copyrighted template for charts, but here are some details on NZDUSD.

My main question here would be : price is now below the shadow on weekly, but still above the 200. If I would wait for price to go below the 200 as well, wouldn`t that be an unnecessary delay ?

When do I go short, although not all criteria line up ? I saw someone in your thread taking massive AUDCAD shorts, just when this question kept bothering me and I hesitated....

Although I probably guess correctly if I expect that you say : " hold on, just start at the beginning and trade from support to resistance first, BEFORE trying to define a market top or bottom ".





Michael
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-09-04_1729_NZD_W.png Size: 30 KB
Click to Enlarge Name: 2012-09-04_1734_NZD_D.png Size: 40 KB
Attached Image
Be like water.
  • #16,758
  • Sep 4, 2012 1:31pm Sep 4, 2012 1:31pm
Quoting msmarple
Hello Strat,

I am reading a lot in your thread. Thank you for the warning on EURUSD. As a subscriber to many advisory services I had those Elliott Wave experts writing about a sure 1.2740 as target on EURUSD, but looking at higher TF your 1.2680 makes much more sense.

I am very positively surprised by the efficiency of your Strat " shadow ", and I am applying it to as many charts as time permits.

This will of course need real practice and MUCH more effort on my part - I will let you know ASAP if I find the time to join your site.

I don`t really...
I am very positively surprised by the efficiency of your Strat " shadow ", and I am applying it to as many charts as time permits.

It is TIME and $ tested but be careful how you interpret and use it!

I will let you know ASAP if I find the time to join your site.

TIME? Did you have TIME to grow up? Did you have TIME to go to school? Did you have TIME to learn to drive? Did you have TIME to go on vacation? Did you have TIME to have fun? You are obviously one of the chosen few who does not need TIME to learn to trade - maybe you should be teaching us?

My main question here would be : price is now below the shadow on weekly, but still above the 200. If I would wait for price to go below the 200 as well, wouldn`t that be an unnecessary delay ?

Absolutely, most definitely YES

When do I go short, although not all criteria line up ? I saw someone in your thread taking massive AUDCAD shorts, just when this question kept bothering me and I hesitated....

When you have TIME, Grasshopper, YOU will know the answer!

Although I probably guess correctly if I expect that you say : " hold on, just start at the beginning and trade from support to resistance first, BEFORE trying to define a market top or bottom ".

Only rookies, newbies, amateurs, wannabees and those with NO TIME "try" to define tops and bottoms - WE just trade the MEAT in between.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,759
  • Sep 4, 2012 4:26pm Sep 4, 2012 4:26pm
Master Po: Close your eyes. What do you hear?
Young Caine: I hear the water, I hear the birds.
Po: Do you hear your own heartbeat?
Caine: No.
Po: Do you hear the grasshopper which is at your feet?
Caine: Old man, how is it that you hear these things?
Po: Young man, how is it that you do not?

Glasshoppa, when you have TIME, look at AUDNZD
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdWorker.png Size: 75 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,760
  • Sep 4, 2012 5:08pm Sep 4, 2012 5:08pm
Today was one of those Over under, Sideways Down days - I guess the Big Boys are waiting for tomorrow's news:

Oz Employment (Oz NFP)
UK PMI
Canada BOC Interest Rate

This will or "should" move:

AUDCHF, AUDJPY, AUDUSD
GBPUSD, GBPJPY, GBPCHF
USDCAD, CADJPY, AUDCAD
15 YEARS OF PASR ON FOREX FACTORY!
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