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Strat's Long Term Stress Free Trading

  • #17,301
  • Jan 7, 2013 11:26am Jan 7, 2013 11:26am
Quoting patrick25
Eurgbp

I am ready for the ride for the New Year. Buy tickets on the dips with PA.
I plan my trade and trade my plan with PA. I have a set of rules when they are met, the trade is on. I don't put a lot of risk on the trade because I am wrong most of the time but when I am right my small risk will accumulate.
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  • #17,302
  • Jan 7, 2013 11:48am Jan 7, 2013 11:48am
Quoting patrick25
I plan my trade and trade my plan with PA. I have a set of rules when they are met, the trade is on. I don't put a lot of risk on the trade because I am wrong most of the time but when I am right my small risk will accumulate.
Finally, the dust has settled and this thread gets back to trading.

Yes, Patrick, there is more risk at this entry but you understand risk so that is OK for you.

The lower risk entry is to wait for a close above the BOSS Strat Shadow which is just above last week's Hanging Man/Inverted Hammer candle.

The best lower risk entry but with a slight loss of profit pips is to wait for a close above the Shooting Star from 2 weeks ago.
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,303
  • Jan 7, 2013 11:56am Jan 7, 2013 11:56am
Quoting strat
Finally, the dust has settled and this thread gets back to trading.

Yes, Patrick, there is more risk at this entry but you understand risk so that is OK for you.

The lower risk entry is to wait for a close above the BOSS Strat Shadow which is just above last week's Hanging Man/Inverted Hammer candle.

The best lower risk entry but with a slight loss of profit pips is to wait for a close above the Shooting Star from 2 weeks ago.
Just wanted to write about that shooting star I'm afraid of

also it seems Big Boss is having trouble with strat shadow.
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  • #17,304
  • Jan 7, 2013 12:04pm Jan 7, 2013 12:04pm
Quoting strat
Finally, the dust has settled and this thread gets back to trading.

Yes, Patrick, there is more risk at this entry but you understand risk so that is OK for you.

The lower risk entry is to wait for a close above the BOSS Strat Shadow which is just above last week's Hanging Man/Inverted Hammer candle.

The best lower risk entry but with a slight loss of profit pips is to wait for a close above the Shooting Star from 2 weeks ago.
Thanks Strat.
  • #17,305
  • Jan 7, 2013 12:08pm Jan 7, 2013 12:08pm
Quoting BaliuxXx
Just wanted to write about that shooting star I'm afraid of

also it seems Big Boss is having trouble with strat shadow.
No need to be afraid of the Shooting Star - that becomes one of the targets for TP
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,306
  • Jan 7, 2013 12:30pm Jan 7, 2013 12:30pm
38.43% Profit for 2012

Just posted on the website:

Post subject: Mr X's Logbook Posted: Sun Jan 06, 2013 3:15 pm

Wishing all members A Very Happy and Prosperous 2013!

I am back from the X'mas/New Year break and just finished reading all the accumulated posts. Phew!

December was a good month for me. In fact the best month of 2012. The trades are detailed in the attached spreadsheet. The second sheet of the file is a summary of the year.

I added the second sheet to hopefully encourage those members who have disappointing months. You will see that I didn't trade at all in January 2012 because of the lousy results in 2011. Even February was a loser. But persisting with a good system with confidence eventually will bring the results.

I know I have not been posting as often as I should. Sorry. I promise to post regularly in 2013. That is my only resolution for this year...other than the usual one of losing 10 kilos

Cheers
Attached Images
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,307
  • Jan 7, 2013 2:32pm Jan 7, 2013 2:32pm
AUDJPY

Buyers taking profits?

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  • #17,308
  • Jan 7, 2013 2:38pm Jan 7, 2013 2:38pm
GBPUSD

Hello Strat,

Still need to wait to close above strat shadow?

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  • #17,309
  • Jan 7, 2013 2:44pm Jan 7, 2013 2:44pm
Quoting BaliuxXx
AUDJPY

Buyers taking profits?

Attachment
No, that is just a pause as buyers wait for new information.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,310
  • Jan 7, 2013 2:56pm Jan 7, 2013 2:56pm
Quoting BaliuxXx
GBPUSD

Hello Strat,

Still need to wait to close above strat shadow?

Attachment
This is where good Money Management comes in.

A trade above the twin Hammers is your highest risk, a trade above the Strat Shadow has lower risk. In either case the BOSS is supported by the Strat Shadow but LOOK what is above it - confluence of 200 and resistance. Know when and where to get out - this is far more important than knowing your entry.
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,311
  • Jan 7, 2013 2:59pm Jan 7, 2013 2:59pm
Quoting strat
This is where good Money Management comes in.

A trade above the twin Hammers is your highest risk, a trade above the Strat Shadow has lower risk. In either case the BOSS is supported by the Strat Shadow but LOOK what is above it - confluence of 200 and resistance. Know when and where to get out - this is far more important than knowing your entry.
Thanks, Strat.

Edit: Placing orders above hammer very small position. SL below first hammer. TP1 at 1.6180. TP2 at 1.6250. Move second position to BE on TP1 hit.
  • #17,312
  • Jan 7, 2013 6:57pm Jan 7, 2013 6:57pm
Quoting BaliuxXx
Thanks, Strat.

Edit: Placing orders above hammer very small position. SL below first hammer. TP1 at 1.6180. TP2 at 1.6250. Move second position to BE on TP1 hit.
This is where discepline comes in, trade only with PA closes outside Strat shadow.
  • #17,313
  • Jan 8, 2013 1:06am Jan 8, 2013 1:06am
Quoting patrick25
This is where discepline comes in, trade only with PA closes outside Strat shadow.
Should do that. Thanks, Patrick!
  • #17,314
  • Jan 8, 2013 11:18am Jan 8, 2013 11:18am
Quoting BaliuxXx
Should do that. Thanks, Patrick!
No problem, just sharing my notes. If you set yourself some rules, you won't be over trade. My first rule is trade reversal with trend, PASR with Strat shadow will help with trend trading. If any big candles punched through Strat shadow, stay on sideline and watch.
  • #17,315
  • Jan 8, 2013 1:45pm Jan 8, 2013 1:45pm
Quoting strat
No, that is just a pause as buyers wait for new information.
So now they are taking profits?

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  • #17,316
  • Jan 8, 2013 2:00pm Jan 8, 2013 2:00pm
EURNZD

Waiting to buy it from here

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  • #17,317
  • Jan 8, 2013 2:50pm Jan 8, 2013 2:50pm
Quoting BaliuxXx
So now they are taking profits?

Attachment
Yes, the Big Boys are not selling (yet) but I'll bet retail traders are.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,318
  • Jan 8, 2013 2:54pm Jan 8, 2013 2:54pm
Quoting BaliuxXx
EURNZD

Waiting to buy it from here

Attachment
Yes, exactly what we are watching
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,319
  • Jan 8, 2013 6:10pm Jan 8, 2013 6:10pm
Quoting BaliuxXx
EURNZD

Waiting to buy it from here

Attachment
If you plan to buy there, make you switch to range trading gear.
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  • #17,320
  • Jan 8, 2013 8:12pm Jan 8, 2013 8:12pm
Quoting patrick25
If you plan to buy there, make you switch to range trading gear.
Commonly referred to as "basic PASR" - trading from support to resistance and resistance to support.
15 YEARS OF PASR ON FOREX FACTORY!
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