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Strat's Long Term Stress Free Trading

  • #17,321
  • Jan 9, 2013 1:21am Jan 9, 2013 1:21am
Quoting patrick25
If you plan to buy there, make you switch to range trading gear.
Quoting strat
Commonly referred to as "basic PASR" - trading from support to resistance and resistance to support.
Nothing more I want to do now

Strat, so "basic PASR" is not adaptive in very trendy market?
  • #17,322
  • Jan 9, 2013 9:09am Jan 9, 2013 9:09am
Quoting BaliuxXx
Nothing more I want to do now

Strat, so "basic PASR" is not adaptive in very trendy market?
No, we use PASR in trending mode.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,323
  • Jan 9, 2013 1:43pm Jan 9, 2013 1:43pm
AUDJPY

Buyers pushing up to take profits again?
Would be buying a close above 01.07 candle high.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY_daily.PNG Size: 35 KB
  • #17,324
  • Jan 9, 2013 2:00pm Jan 9, 2013 2:00pm
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.
SL hit
  • #17,325
  • Jan 9, 2013 3:13pm Jan 9, 2013 3:13pm
Quoting BaliuxXx
AUDJPY

Buyers pushing up to take profits again?
Would be buying a close above 01.07 candle high.

Attachment
No, they are buying to reach their target - SEE if you can find it
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,326
  • Jan 9, 2013 3:13pm Jan 9, 2013 3:13pm
Quoting BaliuxXx
SL hit
So what did you LEARN from this?
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,327
  • Jan 9, 2013 3:19pm Jan 9, 2013 3:19pm
Quoting strat
No, they are buying to reach their target - SEE if you can find it
AUD/JPY - 96?
  • #17,328
  • Jan 9, 2013 8:47pm Jan 9, 2013 8:47pm
Quoting BaliuxXx
AUDJPY

Buyers taking profits?

Attachment
This has been one of the most cost-effective and calm ways to sell Yen over the recent months. I wouldn't be concerned above the gap at this point..

The Strat target will be conservative, but the consolidative chart breakout portends a large upside.
  • #17,329
  • Jan 9, 2013 9:19pm Jan 9, 2013 9:19pm
Quoting strat
Here are YOUR answers to YOUR questions:

The Daily Hammer has a great shape and size in comparison with the other neighboring candles. It exceeded the ADR (5) by 35%.

The Daily Hammer was formed at a “complete” trading period meaning the holidays have finished for the majority of market traders.

Consolidation is not an issue for an experienced SPA trader. On the contrary, consolidation is a goldmine for SPA traders.

[i]Finally, the location of the Daily hammer is great...
STRESS FREE TRADE

The market executed our "reactive" view of risk which was the deliberated DE2P approach. The stop loss level of the remaining of the position is now moved 33 pips below entry which is the break-even level plus spread.

Since we achieved monetary and psychological capital preservation then we will set our plan towards the offensive exit approach or the "proactive" posture in which the risk is actively managed to maximize profit...

Apologies for my intervention but since I exposed myself I considered this LAST post appropriate...

Wish you all wise trading
  • #17,330
  • Jan 10, 2013 1:17am Jan 10, 2013 1:17am
Quoting strat
So what did you LEARN from this?
Do not trade in the strat shadow.
  • #17,331
  • Jan 10, 2013 2:02am Jan 10, 2013 2:02am
Quoting strat
No, they are buying to reach their target - SEE if you can find it
AUDJPY

The targets may be 94.0 (fib 1.38), then 95.6 (fib 1.5) then 97.0 (fib 1.62) , more or less and not in a straight line.

Larry
  • #17,332
  • Jan 10, 2013 2:45am Jan 10, 2013 2:45am
Quoting BaliuxXx
Do not trade in the strat shadow.
Also take note that you traded right after the big red candle. Your trade was fighting with strong momentum. Don't trade any PA setups right next to Big Candles. Chin up next one.
  • #17,333
  • Jan 10, 2013 2:52am Jan 10, 2013 2:52am
Quoting patrick25
Also take note that you traded right after the big red candle. Your trade was fighting with strong momentum. Don't trade any PA setups right next to Big Candles. Chin up next one.
Thanks.

One more question. If there is a PASR setup for short above (or long below) strat shadow could it be taken?
  • #17,334
  • Jan 10, 2013 4:11am Jan 10, 2013 4:11am
Quoting BaliuxXx
Thanks.

One more question. If there is a PASR setup for short above (or long below) strat shadow could it be taken?
Trading is all come down to risk, low risk and high risk. Both can be winner trade and loser trade. We are all trying to trade with consistency. If you trade PASR with Strat shadow, your trade has less resistance and higher chance of reaching your first target. I used to take them but not any more after seeing the powerful trends with Strat shadow, I am convinced it is worth the wait. That is one of my resolutions for this year, WAIT.
  • #17,335
  • Jan 10, 2013 4:13am Jan 10, 2013 4:13am
Quoting patrick25
Trading is all come down to risk, low risk and high risk. Both can be winner trade and loser trade. We are all trying to trade with consistency. If you trade PASR with Strat shadow, your trade has less resistance and higher chance of reaching your first target. I used to take them but not any more after seeing the powerful trends with Strat shadow, I am convinced it is worth the wait. That is one of my resolutions for this year, WAIT.
This should filter lots of setups
  • #17,336
  • Jan 10, 2013 9:43am Jan 10, 2013 9:43am
Quoting BaliuxXx
This should filter lots of setups
Patrick has learned and traded well so follow his advice wisely.

Somewhere back in this thread I said the Strat Shadow is your road map - it still is, and always will be, since it is based on PASR, the basics and foundation of trading.

Trading on the correct side of the Strat Shadow is trading with the trend. Trading against it is counter trend trading. Go back and read and understand my post where I showed the POSITIVE and NEGATIVE Strat Shadow.

The HIGHEST RISK area to trade is at trend change, ANY TREND CHANGE on ANY TIME FRAME. This is where PRICE goes through the Strat Shadow, changing its polarity, followed by a test. With a successful test of the Strat Shadow, we trade in the direction it is moving. More experienced traders understand when PRICE is extended beyond the Strat Shadow and counter trend trade BACK to the Strat Shadow but that is always HIGH RISK.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,337
  • Edited 12:11pm Jan 10, 2013 10:28am | Edited 12:11pm
Quoting strat
Patrick has learned and traded well so follow his advice wisely.

Somewhere back in this thread I said the Strat Shadow is your road map - it still is, and always will be, since it is based on PASR, the basics and foundation of trading.

Trading on the correct side of the Strat Shadow is trading with the trend. Trading against it is counter trend trading. Go back and read and understand my post where I showed the POSITIVE and NEGATIVE Strat Shadow.

The HIGHEST RISK area to trade is at trend change, ANY TREND CHANGE on ANY TIME FRAME. This is where...
Ok, that makes sense. Thanks!

But i.e.

EURNZD

In this situation, I think, it doesn't matter if we are above strat shadow or below? Strat shadow is going sideways and price is ranging.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD_daily.PNG Size: 39 KB


If it closes today like this BUOB, I'm buying this.
  • #17,338
  • Jan 10, 2013 1:12pm Jan 10, 2013 1:12pm
Quoting BaliuxXx
Ok, that makes sense. Thanks!

But i.e.

EURNZD

In this situation, I think, it doesn't matter if we are above strat shadow or below? Strat shadow is going sideways and price is ranging.

Attachment

If it closes today like this BUOB, I'm buying this.
Yes it does "IF" you want to trade like a professional!
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,339
  • Jan 10, 2013 1:49pm Jan 10, 2013 1:49pm
Quoting strat
Yes it does "IF" you want to trade like a professional!
So, according to this, professionals do not trade the range?
  • #17,340
  • Jan 10, 2013 1:56pm Jan 10, 2013 1:56pm
Quoting BaliuxXx
So, according to this, professionals do not trade the range?
Professionals trade opportunity and a range bound instrument is definitely opportunity.
15 YEARS OF PASR ON FOREX FACTORY!
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