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Strat's Long Term Stress Free Trading

  • #16,901
  • Oct 3, 2012 1:01am Oct 3, 2012 1:01am
Quoting strat
The BOSS rules!

well, i see this BUOB on your Chart, but its nothing special, isn't? i think the right area makes the bar special (and it was a messy sideways market)...btw i don't have an BUOB on my feed.

No, nothing special, just a bullish candle in a Boss UP swing!

i took a short after the Boss bar (inside bar/doji), because it looks like a nice continuation of a downtrend to me and took a loss ... its ok, losses are good, but the question is: Is he was avoidable?

[color=Blue]Oh, YES, most definitely!...
thanks Strat! see clearly now...
  • #16,902
  • Oct 3, 2012 6:16am Oct 3, 2012 6:16am
Hi Strat, sorry to post on this thread but I am having trouble accessing you website www.stratsforextrading.com I requested a password reminder and I keep getting a message that access is blocked or refers me to a verification email which I have not got. My user name on the website is jaffa Cheers
  • #16,903
  • Oct 3, 2012 10:32am Oct 3, 2012 10:32am
Quoting trogger
Attachment

An unusual chart formation, I agree.
Ah yes, Monty Python and Faulty Towers most famous stick insect!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,904
  • Oct 3, 2012 10:37am Oct 3, 2012 10:37am
Quoting bullzeye
thanks Strat! see clearly now...
Been listening to Johnny Nash I see!

(I can see clearly now - Johnny Nash 1972)
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,905
  • Edited 4:50pm Oct 3, 2012 10:45am | Edited 4:50pm
Quoting jaffaa46
Hi Strat, sorry to post on this thread but I am having trouble accessing you website www.stratsforextrading.com I requested a password reminder and I keep getting a message that access is blocked or refers me to a verification email which I have not got. My user name on the website is jaffa Cheers
I was going to send you a PM but since you are a new FF member, I am unable to do that.

Have you registered in the FREE section of the website? If so, I don't see "Jaffa" in there. If you are trying to access the Members' Area and Forum, you can only do this when you subscribe.

If all else fails, go to the Help Desk/Contact Us and our Admin will help you.

Jaffa, our Admin tells me that your account has been ENABLED so you should be able to log in now. If any problems, please advise.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,906
  • Oct 3, 2012 6:19pm Oct 3, 2012 6:19pm
Wild Thing, switch on your speakers and listen to Roy Orbison singing "It's Over!"
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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,907
  • Oct 3, 2012 11:56pm Oct 3, 2012 11:56pm
would this work??? AUDJPY daily is bouncing off major support with a nice hammer bar?
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  • #16,908
  • Oct 4, 2012 2:00am Oct 4, 2012 2:00am
Quoting strat
Wild Thing, switch on your speakers and listen to Roy Orbison singing "It's Over!"

Too busy listening to Doris Day !!!


Whatever will be, will be
The future's not ours, to see
Que Sera, Sera
What will be, will be.

See Post: #16899

...Took profit this morning....

Now, where was I?

Oh, thats right:

" I asked my mother, what will I be
Will I be pretty, will I be rich
Here's what she said to me....
  • #16,909
  • Edited Oct 5, 2012 12:36am Oct 4, 2012 2:43am | Edited Oct 5, 2012 12:36am
Hello Strat,

I have a question to ask you. I'm sorry if it was already discussed, maybe I have missed it.

I believe I understand your methodology of PA at S&R, how you enter trades and where your S/L go after entry. That I believe would be at PA that give you entry signals highs or last swing highs for sell positions lets say. What I don't remember of being discussed and not in your system writeup is how do you take profit or how do you preserve profit, which is also very important as one with same system can loose and other can win just by using profit preservation / profit taking methods. As all say that most important thing after psychology is trade management.

So if you would be kind to share, how do you use this? How do you not let 300 pip profit turn into a loss and how do you let the position taken early at the start of the trend continue for 2000 pip gain? Or is it that you take profits at S&R with PA against your positions and wait for another PA to enter the trade?

I'm sorry if this was already discussed. In this case just send me away and I'll try to find it. It's a long thread and probability of this somewhere there is huge.

Kind Regards,

kaunasny
  • #16,910
  • Oct 4, 2012 3:44am Oct 4, 2012 3:44am
Quoting socaliforex
would this work??? AUDJPY daily is bouncing off major support with a nice hammer bar?

"Someday we'll know if love can move a mountain
Someday we'll know why the sky is blue
Someday we'll know why I wasn't meant for you
Someday we'll know why a trade just might not be for me...!"

Hello Socaliforex.

Welcome to the thread.
Now, I am not saying your trade won't work. I simply do not know.
We can never know.
We can only ever know if we have put the probability of success in our favour. Now what does your boss tell you?
And his Boss?What has he to say?

cheers,

enjoy the thread - it's a good read.
  • #16,911
  • Oct 4, 2012 2:06pm Oct 4, 2012 2:06pm
Quoting kaunasny
Hello Start,

I have a question to ask you. I'm sorry if it was already discussed, maybe I have missed it.

I believe I understand your methodology of PA at S&R, how you enter trades and where your S/L go after entry. That I believe would be at PA that give you entry signals highs or last swing highs for sell positions lets say. What I don't remember of being discussed and not in your system writeup is how do you take profit or how do you preserve profit, which is also very important as one with same system can loose and other can win just...
Hello Start,


What I don't remember of being discussed and not in your system writeup is how do you take profit or how do you preserve profit, which is also very important as one with same system can lose and other can win just by using profit preservation / profit taking methods. As all say that most important thing after psychology is trade management.

So if you would be kind to share, how do you use this? How do you not let 300 pip profit turn into a loss and how do you let the position taken early at the start of the trend continue for 2000 pip gain? Or is it that you take profits at S&R with PA against your positions and wait for another PA to enter the trade?


This is the “Holy Grail” of all “Holy Grail” questions. If we “knew” the answer to this, I can assure you we would not be sat here writing to you!


But first, you need to change your thinking on:


As all say that most important thing after psychology is trade management.


Trade Management “”IS”” TRADING PSYCHOLOGY – the 95% that does the financial damage to traders.


If you have been in a situation where you have let a 300 pip profit turn into a loss then it was because of YOUR Trading Psychology which, in simple terms is, you have let your “Little People” control you.


It has little to do with your trading style or methods – I believe this only represents 5% of our success in trading.


How we control the voices in our head, our sub-conscious, the demons, the devils or, the “Little People” as I call them, represents the remaining 95%.


I regret I am unable to answer on here because Trading Psychology, Trend Trading, Trend Add Ons and Swing Trading are all major content among others on my Private Website where this question, and many more are all discussed in detail and it would be unfair to my subscribing members to do so. I hope you understand.


However, I will tell you that you need a completely different mindset for Trend Trading in your Trading Psychology to be successful than that for PASR. I also advocate separate accounts for Trend Trading.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,912
  • Oct 4, 2012 3:42pm Oct 4, 2012 3:42pm
My first try????
would this work??? AUDJPY daily is bouncing off major support with a nice hammer bar?

So here you are in October 2012 on yet another thread asking the same question. Let’s look at where you have been:

Dec 9, 2008 The key to the mint

Feb 9, 2009 EURUSD

Mar 15, 2009 Silent Service Method

Jan 4, 2010 4 Hour Strategy (MACD)

Jan 31, 2011 Trend Lines Don't Work

Oct 4, 2012 Strat's Long Term Stress Free Trading

Allow me to give you some SERIOUS advice.

You are typical of the newbie, rookie, amateur, wannabe trader, hobby trader, lurker, tyre kicker who frequents these threads and forums “ hedge hopping” from one to another in search of the elusive Holy Grail system/method which will make you rich beyond your wildest dreams.

DECIDE whether you want to be a forex trader or just a “hedge hopping blogger”.

There are a few methods here in Forex Factory which work and are profitable but you have to WORK at them and STUDY them and become an EXPERT in them. Choose a method which suits your style and personality and WORK at it and STUDY it as if your life depended on it. You need to become a MASTER of one method to trade rather than a Jack(ass) of all trades.

ACCEPT and UNDERSTAND that no method, system, black box, software, robot, signal service is PERFECT. They ALL lose at some point. I suspect this is the reason for your travels as you stay with one method until it goes through a losing streak. Your success as a trader has only 5% to do with your chosen method. The other 95% is your Trading Psychology which you currently exhibit very little of.

To be profitable at trading, you HAVE to treat it as a BUSINESS and be the CEO of your business.

Either GET SERIOUS and start your Trading Business or “get the hell out of Dodge” before you disappear up your “where the sun don’t shine”.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,913
  • Oct 4, 2012 4:08pm Oct 4, 2012 4:08pm
Quoting trogger

...Took profit this morning....

So, you did listen to Roy Orbison - good lad!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,914
  • Oct 4, 2012 10:39pm Oct 4, 2012 10:39pm
This is as live as it can get.
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  • #16,915
  • Oct 4, 2012 10:49pm Oct 4, 2012 10:49pm
Quoting patrick25
Strat shadow is doing its job supporting price. A lot of information to learn here, look at those candles closes. They were unable to close below Strat shadow meaning there is a high chance price will go higher.
Added on here.
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  • #16,916
  • Oct 4, 2012 10:59pm Oct 4, 2012 10:59pm
Quoting patrick25
Price is approach R. Watching price closely with Strat shadow. Price action at Strat shadow will tell if R will be break or not. The first trade is risk free at this point.
This free counter trend trade still alive, will watch price action @ 78.00 level and 20.
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  • #16,917
  • Oct 4, 2012 11:20pm Oct 4, 2012 11:20pm
Quoting patrick25
This is as live as it can get.
Yes, Patrick

BEEB at resistance plus Strat Shadow Straddle plus Strat Shadow break = PASR even my one legged blind old man with asthma can trade!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,918
  • Oct 4, 2012 11:21pm Oct 4, 2012 11:21pm
Quoting patrick25
Added on here.
Heading for 128 Patrick
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,919
  • Oct 4, 2012 11:24pm Oct 4, 2012 11:24pm
Quoting patrick25
This free counter trend trade still alive, will watch price action @ 78.00 level and 20.
When you counter trend trade, Patrick, remember you are STEALING pips from the market so its a quick in out, Wham Bam, thank you Ma'am!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,920
  • Edited 4:46pm Oct 5, 2012 4:20pm | Edited 4:46pm
USD/CHF

Boss with a downtrend and an nice BUOB, on Worker yesterday we had a good BEOB , but what we wanna do here? We don't sell in the support right, is it a pass for you guys?
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