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Strat's PASR Long Term, Stress Free Trading 18,592 replies

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Strat's Long Term Stress Free Trading

  • #17,241
  • Jan 1, 2013 1:06pm Jan 1, 2013 1:06pm
Quoting Rippin
Happy new year Strat! This is my first post to your thread. I've been reading a while and am committed to learning to trade the right way. For now I'd like to take a look at EURUSD.

On the Bis Boss I'm seeing rejection of the 1.32 level following tests of resistance at around 1.336 from rejection from the first three months of 2012. More recently, resistance is holding at 1.32.

The Boss seems to support BIG BOSS with what lools to me like buyer's exhuastion (long wicks) of the two weeks prior to this one. The last three candles including...
Before the Holiday period, there was buying strength with the buyers in control. We now have exhaustion and consolidation at resistance so is this the rest before continued buying or the rest before the sellers take over? I don't know and neither does anyone else so don't believe anyone who tells you they do. The Big Boys probably don't either as this is their, and most major countries' fiscal year end where new 2013 policies get decided. In the absence of new information, the markets, being energy, follow Newton's Laws of Motion.

We don't trade on temptation (or hope and prayer) and instead WAIT for PASR. When there is conflicting PASR, we WAIT for CONFIRMATION.
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,242
  • Jan 1, 2013 3:41pm Jan 1, 2013 3:41pm
TREND TRADING

Here is an extract from my TREND TRADING thread:

A big problem for us as trend traders is “THE TREND!”


Do we really know we are in a trend when it is happening in real time?


Do we know when the trend has ended?


There are more questions than this but these are the biggest questions.


The problem for most people trying to trend trade is that they are impatient and don’t believe what they see.


............................................................................................................................................................................


Finally, remember the Markets are ENERGY (the human energy of buyers and sellers) and FOLLOW The Path of Least Resistance – if there is an obstacle in the way, ENERGY (The Markets) will go around it as they FOLLOW Newton’s Laws of Motion particularly a body in motion stays in motion unless acted on by an external force (new information coming to the market).


And remember the interest rate differentials between currencies which is what the fundamentals are based on and what the Big Boys determine their policy on.



Also remember that the Big Boys don’t like chop and change anymore than we do and want an easy life.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,243
  • Jan 2, 2013 10:29am Jan 2, 2013 10:29am
STRAT'S DECEMBER 2012 NEWSLETTER

Check your mail boxes for the December 2012 Newsletter
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,244
  • Jan 2, 2013 1:40pm Jan 2, 2013 1:40pm
Quoting strat
STRAT'S DECEMBER 2012 NEWSLETTER

Check your mail boxes for the December 2012 Newsletter
Inspiring newsletter, thanks Strat.

GBPUSD

Making higher lows and higher highs but showing triple top at resistance. Waiting to buy from strat shadow or from support with trendline.

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  • #17,245
  • Jan 2, 2013 1:42pm Jan 2, 2013 1:42pm
EURAUD

missed that shooting star at resistance during the holidays

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  • #17,246
  • Jan 2, 2013 3:59pm Jan 2, 2013 3:59pm
Quoting BaliuxXx
Inspiring newsletter, thanks Strat.

GBPUSD

Making higher lows and higher highs but showing triple top at resistance. Waiting to buy from strat shadow or from support with trendline.

Attachment
Waiting to buy from strat shadow or from support with trendline.

Now you are thinking like a REAL trader - one big step on The Path for you!
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,247
  • Jan 2, 2013 4:01pm Jan 2, 2013 4:01pm
Quoting BaliuxXx
EURAUD

missed that shooting star at resistance during the holidays

Attachment
missed that shooting star at resistance

That's OK - PASR provides plenty of trades providing you have the PATIENCE and DISCIPLINE
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,248
  • Jan 2, 2013 4:16pm Jan 2, 2013 4:16pm
Quoting BaliuxXx
EURAUD

missed that shooting star at resistance during the holidays

Attachment
I will be watching what price action at S, Strat shadow and the trend line. If all these supports will hold, PA will tell us. I will trade PA out of Strat shadow.
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  • #17,249
  • Jan 2, 2013 4:29pm Jan 2, 2013 4:29pm
Quoting patrick25
I will be watching what price action at S, Strat shadow and the trend line. If all these supports will hold, PA will tell us. I will trade PA out of Strat shadow.
Correct, Patrick but you are using "OLD" information for your supply line - ALWAYS use the newest and latest information
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,250
  • Jan 2, 2013 6:21pm Jan 2, 2013 6:21pm
Quoting strat
Correct, Patrick but you are using "OLD" information for your supply line - ALWAYS use the newest and latest information
Thanks Strat, yes I am aware of that.
  • #17,251
  • Jan 2, 2013 7:45pm Jan 2, 2013 7:45pm
EURNZD

Watching price action approaching Strat shadow, support, round number, 61.8%. Do we have patient and discipline? Plan the trade and trade the plan.
If you not notice already, most of the big moves come out of Strat shadow. Be the one that gets out of the trade when everybody sees a reversal. I will make that as a resolution for 2013 and more years to come.
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  • #17,252
  • Jan 3, 2013 3:14pm Jan 3, 2013 3:14pm
Quoting patrick25
EURNZD

Watching price action approaching Strat shadow, support, round number, 61.8%. Do we have patient and discipline? Plan the trade and trade the plan.
If you not notice already, most of the big moves come out of Strat shadow. Be the one that gets out of the trade when everybody sees a reversal. I will make that as a resolution for 2013 and more years to come.
EURNZD

Hammer of support and strat shadow. Weekly is ranging for ~15 weeks. More comfortable would be going long of the bottom of the range (1.5450) for me. Now, too much resistance above. Range top, 200. And new year mess yet Waiting for the range top or bottom (or the close out of it) to trade.

What's Your look about that, Patrick?

Thanks.

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  • #17,253
  • Jan 3, 2013 6:09pm Jan 3, 2013 6:09pm
EURNZD

EURNZD provides us with a very good example of how a PRICE LEVEL alternates from SUPPORT to RESISTANCE and back again.

I have used this as an example to explain to the membership
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,254
  • Jan 3, 2013 6:10pm Jan 3, 2013 6:10pm
Quoting BaliuxXx
EURNZD

Hammer of support and strat shadow. Weekly is ranging for ~15 weeks. More comfortable would be going long of the bottom of the range (1.5450) for me. Now, too much resistance above. Range top, 200. And new year mess yet Waiting for the range top or bottom (or the close out of it) to trade.

What's Your look about that, Patrick?

Thanks.

Attachment
Not yet price is still in Strat shadow, we don't want trade against those red candles. We see the first clue. Let wait more we want low risk PA out of Strat shadow.
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  • #17,255
  • Jan 3, 2013 7:39pm Jan 3, 2013 7:39pm
EURUSD

Just completed my EURUSD 2012 Year End analysis
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,256
  • Jan 3, 2013 8:08pm Jan 3, 2013 8:08pm
USDJPY


The Beat Goes On - Sonny & Cher 1967

The beat goes on, the beat goes on
Drums keep pounding a rhythm to the brain
La de da de de, la de da de da

OR

Poetry In Motion - Johnny Tillotson 1961

OR is it

A Body In Motion - Sir Isaac Newton (1643-1727)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,257
  • Jan 4, 2013 12:40am Jan 4, 2013 12:40am
Hello All

Compliments of the season to everybody.

Entered after the inside bar on the 4 hour: known level and, more importantly, known risk.

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Wishing you all a successful trading year.

Trogger.
  • #17,258
  • Jan 4, 2013 1:05am Jan 4, 2013 1:05am
Quoting strat
Nice, easy, basic PASR trade, Wild Thing, but Peter Sarsted and "Where Do You Go to My Lovely" is the wrong song choice - its "Home on The Range".

Willie Nelson, perhaps?
Oh, look around you
Look down the bar from you
At the faces that you see
Are you sure that this is where you want to be
.....

I'm still in it.

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  • #17,259
  • Jan 4, 2013 1:37am Jan 4, 2013 1:37am
Quoting trogger

Commencing countdown, engines on..

Attachment

Who blinks first?
Me or Patrick?

I be still long this too.
  • #17,260
  • Jan 4, 2013 10:02am Jan 4, 2013 10:02am
Quoting trogger
I be still long this too.
Wild Thing, You Make My Heart Sing
You Make Everything Groovy, Wild Thing!

USDJPY 5434 pips and counting
AUDJPY 1630 pips and counting
GBPUSD 290 pips and counting


Maybe you should teach this thread!
15 YEARS OF PASR ON FOREX FACTORY!
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