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Strat's Long Term Stress Free Trading

  • #17,441
  • Jan 24, 2013 10:41am Jan 24, 2013 10:41am
Quoting Olu
Bullzeye you have asked a question I would like to know the answer to as well. All my trades start out with the intention of holding for a decade (lol) but little people get in the way.

Strat please spill the beans...

Olu
This is much easier said than done. How do you explain a life time of trying to master this in one post?

We are all individuals with different psyches and Little People and it is NOT a one size solution fits all. We EACH have to find what works for US.

First, you need 2 hats - one for basic PASR and one for Trend PASR. That is the easy bit. The hard bit is knowing which one you are wearing at which time.

Second you need an IRREVOCABLE PLAN.

Third, you need to be in an environment where you can open up, express and share your Little People with others. When you get your Little People exposed and out into the open they no longer have the POWER over you than if you just bottle them up inside you. I just recently posted my EURJPY trend trades screw up as my Little People were ALL OVER ME giving me the HARDEST time ever. Now that's done, they are back in their cozy little corner, fast asleep.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,442
  • Jan 24, 2013 10:43am Jan 24, 2013 10:43am
Quoting haimber
could anyone attach here the adr indicator please?
Attached
Attached File(s)
File Type: mq4 ATR in Pips 2.mq4   3 KB | 1,563 downloads
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,443
  • Jan 24, 2013 1:38pm Jan 24, 2013 1:38pm
Quoting strat
A bit late getting in on the Action, for you, Wild Thing. This has been "stair stepping" nicely since end of August last year but, better late than never!

What's this, refusing to post Big Boss charts? Seems like someone is getting cocky.
EUR/CAD

...better late than never!...yeah, i was thinking the same as i took this BUOB for my entry. Unusually for me on the swing high, but i've memorized your words exactly :"...in fact there are no rules in strong trends..." Never stop learning

Attached Image (click to enlarge)
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  • #17,444
  • Edited 2:25pm Jan 24, 2013 1:43pm | Edited 2:25pm
Quoting trogger
Blow enough accounts - and one learns to be patient. Eventually.

or:

"Read and Understand" the thread.

Having done the former, I recommend the later.

'night all.
Best advice i can get from you. I am on the page 30 of the thread and slowly begin to take small steps on "The Path".
  • #17,445
  • Jan 24, 2013 2:18pm Jan 24, 2013 2:18pm
thx for the adr indicator.

euraud daily. after breaking the resistence and confirmation, it might be a good opportunity. attention when it geting close to 1.3000.
Attached Image (click to enlarge)
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trading is not an addiction. it's a profession.
  • #17,446
  • Jan 24, 2013 2:46pm Jan 24, 2013 2:46pm
Quoting haimber
thx for the adr indicator.

euraud daily. after breaking the resistence and confirmation, it might be a good opportunity. attention when it geting close to 1.3000.
EURAUD

There is opportunity everywhere but what is "a good opportunity" on EURAUD?

Your chart looks like something out of my Market Geometry studies or is it a map of Euston Station?
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,447
  • Jan 24, 2013 3:52pm Jan 24, 2013 3:52pm
Quoting strat
EURAUD

There is opportunity everywhere but what is "a good opportunity" on EURAUD?

Your chart looks like something out of my Market Geometry studies or is it a map of Euston Station?

ha ha... not a euston station just new york MTA station.

now, i'll show you what i call a "good opportunity"

in the weekly chart there is an inverted H&S.
there is a potential for a big move.
imo...
Attached Image (click to enlarge)
Click to Enlarge Name: euraud weekly.jpg Size: 136 KB
trading is not an addiction. it's a profession.
  • #17,448
  • Edited 7:42pm Jan 24, 2013 4:49pm | Edited 7:42pm
Quoting haimber
ha ha... not a euston station just new york MTA station.

now, i'll show you what i call a "good opportunity"

in the weekly chart there is an inverted H&S.
there is a potential for a big move.
imo...
Haimber,

I have also been keeping an eye on this. Target should be roughly 1.40 but I have 1.393 as being an area of importance.

Of course we have the all important 1.298ish area that needs to be broken and confirmed. So keeping an eye on PA at those levels will be very important. We are currently testing 1.28075 which has also been a significant area of resistance but from the looks of today's worker candle I would say it is toast, however only time and price action will tell...

Next areas of Resistance for EUR/AUD:

1.2807
1.298
1.366
1.393
  • #17,449
  • Jan 24, 2013 7:25pm Jan 24, 2013 7:25pm
Quoting 100PipsADay
Haimber,

They do not deal with this type of chart pattern but I have also been keeping an eye on this. Target should be roughly 1.40 but I have 1.393 as being an area of importance.

Of course we have the all important 1.298ish area that needs to be broken and confirmed. So keeping an eye on PA at those levels will be very important. We are currently testing 1.28075 which has also been a significant area of resistance but from the looks of today's worker candle I would say it is toast, however only time and price action will tell...

[b]Next areas...
CHART PATTERNS

""They do not deal with this type of chart pattern""

Not true! Maybe not so much on here but on the main website we have traders who trade chart patterns. Once you UNDERSTAND PASR, can SEE BEYOND THE CANDLES and are consistently profitable, most patterns are superfluous as we are, most times, already in the trade BEFORE the pattern completes.

As for using patterns to PREDICT where PRICE will go, we prefer to use our HIGHER ORDER OF TIME FRAMES to give us an "idea" but not a prediction.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,450
  • Jan 24, 2013 7:42pm Jan 24, 2013 7:42pm
Quoting strat
CHART PATTERNS

""They do not deal with this type of chart pattern""

Not true! Maybe not so much on here but on the main website we have traders who trade chart patterns. Once you UNDERSTAND PASR, can SEE BEYOND THE CANDLES and are consistently profitable, most patterns are superfluous as we are, most times, already in the trade BEFORE the pattern completes.

As for using patterns to PREDICT where PRICE will go, we prefer to use our HIGHER ORDER OF TIME FRAMES to give us an "idea" but...
I'm sorry about that Strat, I'm going to delete that part. It wasn't intentional...
  • #17,451
  • Jan 24, 2013 8:23pm Jan 24, 2013 8:23pm
Quoting 100PipsADay
I'm sorry about that Strat, I'm going to delete that part. It wasn't intentional...
No problem, don't worry.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,452
  • Jan 24, 2013 9:50pm Jan 24, 2013 9:50pm
Quoting patrick25
Eurgbp

I am ready for the ride for the New Year. Buy tickets on the dips with PA.
From the beginning to end of the trade. I closed my second position at today closed only 20 pips away from 8500 level.
I see today candle as an exhaustion and I used it as my advantage to get out the trade.
Attached Image (click to enlarge)
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  • #17,453
  • Jan 24, 2013 10:32pm Jan 24, 2013 10:32pm
Quoting BaliuxXx
Thanks Strat and Patrick for your comments.

I placed the smallest risk for that trade. I still need lots of to learn. Sometimes a pair ranges and it is the best place to trade PASR, sometimes it is too erratic, but I don't see it yet...
Price can go either ways in the range. Why risk, even smallest risk. At this stage, we trade quality setups so we can build up next stage for bigger account. We slowly step up in the account but the same quality setups that we can trust.
Attached Image (click to enlarge)
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  • #17,454
  • Jan 25, 2013 4:58am Jan 25, 2013 4:58am
Quoting strat
CHART PATTERNS

""They do not deal with this type of chart pattern""

Not true! Maybe not so much on here but on the main website we have traders who trade chart patterns. Once you UNDERSTAND PASR, can SEE BEYOND THE CANDLES and are consistently profitable, most patterns are superfluous as we are, most times, already in the trade BEFORE the pattern completes.

As for using patterns to PREDICT where PRICE will go, we prefer to use our HIGHER ORDER OF TIME FRAMES to give us an "idea" but not...

totally agree. i dont base a trade on chart pattern only. but if it exist i take it in account. we also can not predict nothing just make a good analysis.
trading is not an addiction. it's a profession.
  • #17,455
  • Edited 6:16am Jan 25, 2013 5:56am | Edited 6:16am
Quoting strat
EURAUD

There is opportunity everywhere but what is "a good opportunity" on EURAUD?

Your chart looks like something out of my Market Geometry studies or is it a map of Euston Station?
Actually, I agree with his insight on this pair; it has been mentioned previously in the context of combining price with longer term patterns: http://www.forexfactory.com/showthre...06#post6306606

If one does not consider opportunities, one risks being late to the party or worse, as most do, looking through the window. Good for you Haimber!

Now, if you would, please get us through 1.29
  • #17,456
  • Jan 25, 2013 8:39am Jan 25, 2013 8:39am
Quoting Alexandra
While we observe 85 on Dollar-Yen, we are intrigued by another end of year opportunity evidenced by a developing long term chart pattern accompanied by an improved daily appearance that may foretell either unwinding or a reversal of fortune:

EURAUD?

A map to 1.29 would make a nice Holiday bonus!

you have recognized it early! lets wait and see if it breaks the 1.3000 mark.
trading is not an addiction. it's a profession.
  • #17,457
  • Jan 25, 2013 11:26am Jan 25, 2013 11:26am
EURGBP

Speaking of EURGBP reminded me that our 3 STAR Trend Specialist recently posted this to our members:

EURGBP could be the start of a mega trend which could go on for months or years, and be capable of delivering thousands of pips of profit.

This reminded me of the huge pay day I had in 2007 & 2008 on EURGBP for which I posted the write up in this thread.

Trends only happen 15% to 30% of the time but when they do, we are in with both feet and the kitchen sink!
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpPAYDAY.png Size: 55 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,458
  • Edited 12:04pm Jan 25, 2013 11:43am | Edited 12:04pm
Quoting haimber
you have recognized it early! lets wait and see if it breaks the 1.3000 mark.
LOL - We are already positioned for that one, but I do see today's action as quite positive.

The real decision for today is whether to step back into the Aussie itself. With 1.06 hanging above and presumed multiple buy stops in that area, there is potential. One wonders about Chinese fundamentals given the relative weakness of AUDUSD and the reversal of fortune for EURAUD. Nevertheless, my eyes are on current levels of support at 1.04.
  • #17,459
  • Edited Jan 27, 2013 1:50am Jan 26, 2013 1:03pm | Edited Jan 27, 2013 1:50am
Quoting strat
EURGBP

Speaking of EURGBP reminded me that our 3 STAR Trend Specialist recently posted this to our members:

EURGBP could be the start of a mega trend which could go on for months or years, and be capable of delivering thousands of pips of profit.

This reminded me of the huge pay day I had in 2007 & 2008 on EURGBP for which I posted the write up in this thread.
[color=#0000bf]
[color=#0000bf]Trends only happen 15% to...

EURGBP Monthly chart. till now it was ranging in a sort of bullish flag. the target level (if we will see a breakout) is huge.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.jpg Size: 103 KB
trading is not an addiction. it's a profession.
  • #17,460
  • Jan 27, 2013 11:52am Jan 27, 2013 11:52am
Quoting haimber
EURGBP Monthly chart. till now it was ranging in a sort of bullish flag. the target level (if we will see a breakout) is
huge.
This is the third weekend I wrote "buy on pullback" in my notes for Boss, but I couldn't find an opportunity to jump in.

Attached Image (click to enlarge)
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