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Strat's Long Term Stress Free Trading

  • #17,721
  • Feb 22, 2013 11:11am Feb 22, 2013 11:11am
Quoting kaunasny
Thank you Strat for your comments. I have posted this risky trade so you could teach me and of course many others who will read this. I will try to take these trades away from this thread and keep them for myself, and later decide for myself if I want to keep them at all.
This is why you are in the 95% losers.

Did you READ this? Did you UNDERSTAND it?

We are PROFESSIONALS and PROFESSIONALS look for a reason NOT to take a trade

We are NOT Amateurs. Amateurs manage money by taking RISK. PROFESSIONALS manage RISK by taking money.

Risky trades are for amateurs - the LOSERS. We do NOT teach RISKY trades. We teach LOW RISK, HIGH PROBABILITY, STRESS FREE TRADING.

What is your logic for taking a "risky" trade when there are other low risk, high probability, stress free trades to take?

READ this again, but this time, UNDERSTAND it:

We TRADE TO LIVE. We are NOT like others who LIVE TO TRADE.


We need PATIENCE to wait for and "SEE" opportunities


We need DISCIPLINE to act and trade on such opportunities

Trading is our BUSINESS - we cannot afford to take "risky" trades. If you were a skydiver, would you RISK jumping without your emergency parachute?

If you "keep" your "risky" trades, there will be nothing left of you to take low risk, high probability, stress free trades.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,722
  • Feb 22, 2013 9:48pm Feb 22, 2013 9:48pm
USDCAD

And in we go to the Red Light District. If you DO go in there, make sure you use protection. Remember, men don't have enough blood to run two organs at the same time and it ain't your brain you are using in the Red Light District!

I stopped at the entrance - my Big Boss won't let me go in there!
Attached Image (click to enlarge)
Click to Enlarge Name: usdcsdBOSS.png Size: 53 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,723
  • Feb 23, 2013 2:19pm Feb 23, 2013 2:19pm
Quoting strat
USDCAD

And in we go to the Red Light District. If you DO go in there, make sure you use protection. Remember, men don't have enough blood to run two organs at the same time and it ain't your brain you are using in the Red Light District!

I stopped at the entrance - my Big Boss won't let me go in there!
Thanks for this chart. Good lesson in drawing support/resistance lines. Could you share more about what is in this Red Light District?

I can see that price has gotten very volatile in that area in the resent past and we want quiet trading places. Is that the reason?

In other view we're nicely turning to the uptrend weekly turning up with nice angle of the MA's.
Daily has broken out of resistance. Now it looks good to wait for price to comeback to the now turned support line and wait for bullish PA.

Good heads up call, I would have used the later view.
  • #17,724
  • Feb 25, 2013 10:41am Feb 25, 2013 10:41am
Quoting strat
USDCAD

And in we go to the Red Light District. If you DO go in there, make sure you use protection. Remember, men don't have enough blood to run two organs at the same time and it ain't your brain you are using in the Red Light District!

I stopped at the entrance - my Big Boss won't let me go in there!
Strat, I'm having a good chuckle at that !
If you can wait and not be tired by waiting...
  • #17,725
  • Edited 1:58pm Feb 25, 2013 1:08pm | Edited 1:58pm
EURUSD

So bored today, I went in and scalped a few pips
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,726
  • Feb 25, 2013 4:19pm Feb 25, 2013 4:19pm
USD/JPY

It's dog eat dog, rat eat rat
Kroc style, boom like that...

Dr. Joe and others just laugh at me right now...

Attached Image (click to enlarge)
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  • #17,727
  • Feb 25, 2013 4:44pm Feb 25, 2013 4:44pm
Quoting patrick25
Gbpjpy counter trend trade.

Trading is so damn not easy. I wonder how many traders in the draw down right now. I will be no surprise price will take out the low of the PA candle. The big boys know we know PA too you know.
Trade management is also very important. Reading PA never stops after you are in the trade. When to protect profit and when to take a chance for more profit also depend on how you read PA. See how price took out all the stops at support. Since momentum is on my side, I will wait and see what price action @ support and decide to protect my profit.
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  • #17,728
  • Feb 25, 2013 4:47pm Feb 25, 2013 4:47pm
Quoting bullzeye
USD/JPY

It's dog eat dog, rat eat rat
Kroc style, boom like that...

Dr. Joe and others just laugh at me right now...

Attachment
Keep your knickers on, it's only a small pull back (so far)
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyWorker.png Size: 53 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,729
  • Feb 26, 2013 10:41am Feb 26, 2013 10:41am
Quoting strat
One tip I will give you is that the most current information is far more important than the information "x" days ago which is one of the many reasons why indicators are useless.

indeed so
trading is not an addiction. it's a profession.
  • #17,730
  • Feb 26, 2013 12:54pm Feb 26, 2013 12:54pm
GBPJPY

How NOT to use indicators or,

How to sell at the bottom and buy at the top or,

How to fry your brain trying to work out what to do and which way is up and which way is down or,

A day late and a $Dollar short.

In stark contrast we used PASR to buy, buy, buy, buy, buy, buy, buy, buy, buy and take profits -some members have done a quick in and out counter trend trade but we haven't sold yet - we are waiting for PASR - PASR will tell us when to go short.
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,731
  • Feb 28, 2013 9:52am Feb 28, 2013 9:52am
EURUSD

While waiting for something to happen, anything, I don't care, I'm torn between so many song choices:

I know where I'm going

Eve of Destruction

Stairway to Heaven

Crossroads

Show me the way

Tired of Waiting
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,732
  • Feb 28, 2013 1:23pm Feb 28, 2013 1:23pm
EURUSD

Finally got the right song:

AQUARIUS
When the moon is in the Seventh House
And Jupiter aligns with Mars
Then peace will guide the planets
And love will steer the stars

This is the dawning of the age of Aquarius
The age of Aquarius
Aquarius!
Aquarius!

Harmony and understanding
Sympathy and trust abounding
No more falsehoods or derisions
Golden living dreams of visions
Mystic crystal revalation
And the mind's true liberation
Aquarius!
Aquarius!

When the moon is in the Seventh House
And Jupiter aligns with Mars
Then peace will guide the planets
And love will steer the stars

This is the dawning of the age of Aquarius
The age of Aquarius
Aquarius!
Aquarius!
Attached Image (click to enlarge)
Click to Enlarge Name: When the Moon is in the 7th high.png Size: 921 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,733
  • Feb 28, 2013 3:04pm Feb 28, 2013 3:04pm
Quoting strat
EURUSD

Finally got the right song:
As i saw the big Boss Chart this lyrics comes out of my boxes:

"I'm falling down
And fifteen thousand people scream
They were all begging for your dream
I'm falling down
Five thousand houses burning down
No-one is gonna save this town..."

Attached Image (click to enlarge)
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  • #17,734
  • Feb 28, 2013 3:17pm Feb 28, 2013 3:17pm
GBPUSD

Full discussion posted
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,735
  • Feb 28, 2013 3:21pm Feb 28, 2013 3:21pm
Quoting bullzeye
As i saw the big Boss Chart this lyrics comes out of my boxes:

"I'm falling down
And fifteen thousand people scream
They were all begging for your dream
I'm falling down
Five thousand houses burning down
No-one is gonna save this town..."
Hanging on by the skin of her/his/it's teeth (and nothing to do with Alligator's teeth but maybe Wild Thing knows where it is in the Preying Mantis)
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,736
  • Mar 1, 2013 9:08am Mar 1, 2013 9:08am
EURUSD

First profits banked on 1.3 and watching PASR for further activity.
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,737
  • Mar 1, 2013 10:26am Mar 1, 2013 10:26am
Quoting strat
EURUSD

First profits banked on 1.3 and watching PASR for further activity.
Hello Strat,

Could you please break my confusion. I thought we could not trade or especially sell EURUSD pair because of BOSS not letting us do so. On the BOSS I see. Strong support 1.3050 which price has not yet closed below it on the BOSS. We're currently in Strat's shadow and we have not yet closed in it on the BOSS giving it a chance to come out of it, probably will not thought. We had up going trend line which is not quite yet broken (depends how the trend line is drawn).

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Weekly.PNG Size: 54 KB


Now since you already took profit. Meaning you have entered a trade earlier than today or was it today on yesterdays formed BEEB maybe. Another entry opportunity earlier was on February 21st on BEEB, BEOB PA

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Daily.PNG Size: 53 KB


My confusion is that we're still in the uptrend on BOSS and why do we have these short trades?
Or would this be a counter trend trade of higher probability because BOSS gave us BEEB week starting Feb. 3rd telling us to look for PA to sell on the Worker?

kaunasny
  • #17,738
  • Mar 1, 2013 2:13pm Mar 1, 2013 2:13pm
Quoting kaunasny
Hello Strat,

Could you please break my confusion. I thought we could not trade or especially sell EURUSD pair because of BOSS not letting us do so. On the BOSS I see. Strong support 1.3050 which price has not yet closed below it on the BOSS. We're currently in Strat's shadow and we have not yet closed in it on the BOSS giving it a chance to come out of it, probably will not thought. We had up going trend line which is not quite yet broken (depends how the trend line is drawn).

Attachment

Now since you already took...
Have you seen what the BIG BOSS telling us?

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 74 KB
  • #17,739
  • Edited 5:03pm Mar 1, 2013 4:15pm | Edited 5:03pm
Quoting strat
Hanging on by the skin of her/his/it's teeth (and nothing to do with Alligator's teeth but maybe Wild Thing knows where it is in the Preying Mantis)

Sorry, too busy trading "Ol' Favourite"


Attached Image (click to enlarge)
Click to Enlarge Name: ol'fav.png Size: 110 KB



[ Remember: "if it can't fly, it won't soar"]
  • #17,740
  • Mar 1, 2013 6:34pm Mar 1, 2013 6:34pm
Hello Strat,

Could you please break my confusion. I will try my best

I thought we could not trade or especially sell EURUSD pair because of BOSS not letting us do so. The BOSS is TELLING you to SELL


On the BOSS I see. Strong support 1.3050 which price has not yet closed below it on the BOSS. Support is at BRN 1.3 - look how PRICE reacted there in the past.


We're currently in Strat's shadow and we have not yet closed in it on the BOSS giving it a chance to come out of it, probably will not thought. But we are not trading the Boss - we are trading the Worker.



Now since you already took profit. Meaning you have entered a trade earlier than today or was it today on yesterdays formed BEEB maybe. Another entry opportunity earlier was on February 21st on BEEB, BEOB PA

I have been short from the Shooting Star on February 1st, 2013 with high risk positions gradually reducing the risk and increasing the positions as PRICE dropped. I got cold feet at 1.3 and banked all my positions because it is not clear what the Big Boys are doing at BRN 1.3

I took a small position last night after I saw the action off yesterday's BEEB and again got cold feet at BRN 1.3

My confusion is that we're still in the uptrend on BOSS and why do we have these short trades?
Or would this be a counter trend trade of higher probability because BOSS gave us BEEB week starting Feb. 3rd telling us to look for PA to sell on the Worker?

The LONG TERM trend is DOWN. This is the trend that GOVERNS all others. The Boss has had 27 UP weeks AGAINST the DOWN trend. The Boss is NOW in a 4 week DOWN swing WITH the LONG TERM TREND.

You really MUST study and UNDERSTAND the HIGHER ORDER of TIME FRAMES and spend thousands of hours practicing on thousands of charts.

kaunasny
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD Weekly.PNG Size: 41 KB
Click to Enlarge Name: EURUSD Daily.PNG Size: 51 KB
15 YEARS OF PASR ON FOREX FACTORY!
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