Strat's Long Term Stress Free Trading | Page 888 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

M5 PASR Trend Trading Strat 95 replies

What you need for trading: indis, a strat & good music 27 replies

Another way to stress free, mechanic long term trading 29 replies

Short Term / Medium Term / Long Term? 3 replies

Attachments: Strat's Long Term Stress Free Trading
Exit Attachments

Strat's Long Term Stress Free Trading

  • #17,741
  • Edited Mar 2, 2013 4:14pm Mar 1, 2013 7:10pm | Edited Mar 2, 2013 4:14pm
Quoting trogger
Sorry, too busy trading "Ol' Favourite"


[ Remember: "if it can't fly, it won't soar"]
WAIT A DOGGONE MINUTE!

This is NOT what you posted on January 23, 2013 - you posted ""I just went long 5 yards of the stuff, based on that advice!""

 In case you don't remember, here is YOUR post:


Jan 23, 2013 11:43pm Post# 17,431
trogger


Now, we have just had the head treasury honcho in one of the (Australian owned!) banks telling us on nationwide television (yeah, well, nationwide means it reaches nearly a million viewers here!) that the kiwi is about to soar (like an eagle, no less!). Will reach 86 in the next day or so. Or so he says!

Well, that's good enough for me!

I just went long 5 yards of the stuff, based on that advice!
So who else is watching our blind , Nocturnal flightless bird?




And NOW you are showing us a chart where you are supposedly short - which do you expect us to believe?


Just for reference, here is my post following yours:




Post# 17,439
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,742
  • Mar 1, 2013 9:30pm Mar 1, 2013 9:30pm
NZDUSD

Strat I have a suspicion that Trogger would have done the exact opposite of what some talking head on TV would advise, or did you really trade it long Trogger?

Larry
  • #17,743
  • Mar 2, 2013 3:49pm Mar 2, 2013 3:49pm
Quoting bullzeye
Have you seen what the BIG BOSS telling us?

Attachment
To be a seller before March 1, 2013 of EUR/USD Big Boss is telling me this - Look below at chart

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


Do we want to trade against 6 months of strong uptrend?

Beginning March 1, we have strong bearish bar and that is BEEB telling us to look for selling opportunities on smaller time frames. Or should we not wait for the close of the bar?
  • #17,744
  • Mar 2, 2013 4:03pm Mar 2, 2013 4:03pm
Here is a post from one of our newer members:

I'm reading this forum almost a month and want to say thank you for all, especially Strat, because the information on this site is PRICELESS and I didn't have any doubts of joining it. Looking to stay here for long time if there won't be any changes in my life. Still lots of unread posts left and lots of information to put in my head.

Reading through the forum, I see some of You, members, are like one family talking, joking, criticizing.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,745
  • Mar 2, 2013 4:13pm Mar 2, 2013 4:13pm
Quoting kaunasny
To be a seller before March 1, 2013 of EUR/USD Big Boss is telling me this - Look below at chart

Attachment

Do we want to trade against 6 months of strong uptrend?

Beginning March 1, we have strong bearish bar and that is BEEB telling us to look for selling opportunities on smaller time frames. Or should we not wait for the close of the bar?
Before bullzeye replies to you, see if MY Big Boss tells you anything different.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD BIG BOSS.png Size: 49 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,746
  • Mar 2, 2013 4:38pm Mar 2, 2013 4:38pm
Quoting kaunasny
To be a seller before March 1, 2013 of EUR/USD Big Boss is telling me this - Look below at chart

Attachment

Do we want to trade against 6 months of strong uptrend?

Beginning March 1, we have strong bearish bar and that is BEEB telling us to look for selling opportunities on smaller time frames. Or should we not wait for the close of the bar?
.
Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,747
  • Mar 2, 2013 4:49pm Mar 2, 2013 4:49pm
Quoting strat
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...
Sorry to be bothersome, but if you don't mind I have few more comments on our conversation.

Could you please tell your opinion on when did BOSS started to tell us to start selling. I will post the chart again.

Was it week starting 2013.02.10 after strong BEEB? This is no question strong PA to sell. I did not look at it that way because on Boss we had trend line pointing up, we had both MA's below price with 20MA above 50MA, we also had few PA created support lines going down. All these things on Boss told me that Feb 10th BEEB is counter trend.


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


Going back to Worker I look at all those examples on my chart that most of them are risky counter trend trades.
1. Shooting star Feb 1st against MA's on Worker and against strong Weekly bar.
2. BEEB Feb 4th against MA's on Worker and against strong Weekly bar.

Lets look what happened. If we would enter after a shooting star on Feb 1 let's say 1.3580, after strong bearish bar on Feb 4th we would have gained 100 pip profit. Now price came close to 20 daily MA and shot back up to 1.3596 putting us in the negative after 100+ pip profit reached before. Just something to think about.

3. Shooting star Feb 13th, inside Strat shadow, after BOSS BEEB low was taken out. So if we consider BOSS BEEB a selling opportunity signal we could take this shooting star. But it is inside a Strat shadow. Shouldn't we trade only when price is exiting or is outside Strat's shadow?

4. BEEB Feb 20th exiting Strat's shadow, looking at the BOSS we have the low of 2nd bearish bar taken out showing us lower prices. This is the first opportunity I can see to sell EUR/USD

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


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.

Yes I can see that long term trend is down. But we currently had 27 weeks up and only now we can see that 4 week down swing. 2 weeks ago it was only 2 week down swing. Is 2 weeks enough to go against those 27 weeks? How do we know when to get back to that long term trend?

This is how I see things. Could you or anybody else who's reading this tell me what I'm seeing wrong here.

Thanks in advance.

kaunasny
  • #17,748
  • Mar 2, 2013 5:05pm Mar 2, 2013 5:05pm
Quoting strat
Before bullzeye replies to you, see if MY Big Boss tells you anything different.
I can see here 3 things.

1. The upper trend line - showing me the long term trend, which is down.
2. The thick line crossing the chart downward trend line like - I don't know what that means.

This was my first impression, taking the second look I can see that this is the trend of the 20 MA , but what should it mean currently I can't tie them together.

3. The red area I would look at it as a resistance area. Price has reached it and big sell off happened giving us BEEB on Boss.

How did I do?
  • #17,749
  • Mar 2, 2013 5:09pm Mar 2, 2013 5:09pm
Quoting strat
.
These are 20 and 50 MA's . It's just that 20 MA is not set to exponential and is left as simple.
  • #17,750
  • Edited 7:47pm Mar 2, 2013 6:20pm | Edited 7:47pm
Could you please tell your opinion on when did BOSS started to tell us to start selling. I will post the chart again.

Was it week starting 2013.02.10 after strong BEEB?
YES, on the BOSS
This is no question strong PA to sell. I did not look at it that way because on Boss we had trend line pointing up, we had both MA's below price with 20MA above 50MA, we also had few PA created support lines going down. All these things on Boss told me that Feb 10th BEEB is counter trend.
YOUR MAs don't mean anything to me

Going back to Worker I look at all those examples on my chart that most of them are risky counter trend trades.
YES, at the beginning but the RISK diminishes as the DOWN trend kicks in.
1. Shooting star Feb 1st against MA's on Worker and against strong Weekly bar.
2. BEEB Feb 4th against MA's on Worker and against strong Weekly bar.

Lets look what happened. If we would enter after a shooting star on Feb 1 let's say 1.3580, after strong bearish bar on Feb 4th we would have gained 100 pip profit. Now price came close to 20 daily MA and shot back up to 1.3596 putting us in the negative after 100+ pip profit reached before. Just something to think about.
Nothing to think about - I'm not trading every up and down of a candle - I'm trading the bearish sentiment of the Feb 4th candle. I'm trading PASR counter trend from resistance to support while SEEING BEYOND THE CANDLES and watching PRICE ACTION.

3. Shooting star Feb 13th, inside Strat shadow, after BOSS BEEB low was taken out. So if we consider BOSS BEEB a selling opportunity signal we could take this shooting star. But it is inside a Strat shadow. Shouldn't we trade only when price is exiting or is outside Strat's shadow?
NOT a Shooting Star and NOT inside the Strat Shadow. It is a GRAVESTONE DOJI. YOU do NOT have a Strat Shadow.

4. BEEB Feb 20th exiting Strat's shadow, looking at the BOSS we have the low of 2nd bearish bar taken out showing us lower prices. This is the first opportunity I can see to sell EUR/USD

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.

Yes I can see that long term trend is down. But we currently had 27 weeks up and only now we can see that 4 week down swing. 2 weeks ago it was only 2 week down swing. Is 2 weeks enough to go against those 27 weeks? How do we know when to get back to that long term trend?
It is 27 weeks up AFTER a 66 week DOWN trend - does that tell you anything? PASR will TELL us when to get into EACH trend.

You can't UNDERSTAND this because you don't have the necessary experience. Only experienced traders can profitably counter trend trade and even then it is HIGH RISK until that counter trend becomes the NEW trend. New members are ONLY told to Trade with the trend but I am a few steps further on The Path than them. We even have some experienced members well on The Path who will NOT counter trend trade under any circumstances.

Again, if you had spent thousands of hours studying thousands of charts, you would UNDERSTAND this better.

This is how I see things. Could you or anybody else who's reading this tell me what I'm seeing wrong here.

Hopefully Patrick will join in.

Thanks in advance.

kaunasny
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,751
  • Mar 2, 2013 7:06pm Mar 2, 2013 7:06pm
Hi kaunasny:

Don't get frustrated that you didn't pick the top of the upswing.

I was still looking for longs (buy stops above, during the retrace) when Strat was going countertrend short.

I didn't go short until the BEEB of 2013.2.20 and I'm OK with that.

Regards,
JS
  • #17,752
  • Mar 2, 2013 7:46pm Mar 2, 2013 7:46pm
Quoting euro_dude
Hi kaunasny:

Don't get frustrated that you didn't pick the top of the upswing.

I was still looking for longs (buy stops above, during the retrace) when Strat was going countertrend short.

I didn't go short until the BEEB of 2013.2.20 and I'm OK with that.

Regards,
JS
It's very rare these days that I manage to pick the top. This was more by chance than anything else. I just saw strong resistance at 1.3650 and thought I would just go in and STEAL a few pips - never expecting it to develop into a DOWN trend - I thought it would find support at the Strat Shadow - some you WIN and some you lose.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,753
  • Mar 3, 2013 6:57am Mar 3, 2013 6:57am
Quoting kaunasny
To be a seller before March 1, 2013 of EUR/USD Big Boss is telling me this - Look below at chart

Attachment

Do we want to trade against 6 months of strong uptrend?

Beginning March 1, we have strong bearish bar and that is BEEB telling us to look for selling opportunities on smaller time frames. Or should we not wait for the close of the bar?
Hey kaunasy,

well Strat reply all your questions already in a perfect way and in detail. His comments are always an "eye opener". Thanks for that Strat.

But i have a question for you: Why you hiding the currently BigBoss bar (February) on your chart? Is it a nastiness of your mt4-Broker or Black Magic? Currently BigBoss bar has so many informations inside even before its closed.

Ive got a black magic woman
Got me so blind I can't see
That she's a black magic woman
Shes trying to make a devil out of me...

Take care my friend
  • #17,754
  • Mar 3, 2013 9:20am Mar 3, 2013 9:20am
Quoting strat
It's very rare these days that I manage to pick the top. This was more by chance than anything else. I just saw strong resistance at 1.3650 and thought I would just go in and STEAL a few pips - never expecting it to develop into a DOWN trend - I thought it would find support at the Strat Shadow - some you WIN and some you lose.
Thanks Strat,

That breaks some of my confusions. By your first posts I understood that every trader who has spent thousands of hours of studying charts of your methodology should have been able to catch this turn of the trend and I was trying to explain why I haven't and what am I doing wrong.

Another confusion was that I thought, I was told that this move on EURUSD was not counter trend.

And just for verification. I have spent thousands of hours studying readings books and chart time, just not yet on Strat's PASR.
  • #17,755
  • Mar 3, 2013 9:34am Mar 3, 2013 9:34am
Quoting bullzeye
Hey kaunasy,

well Strat reply all your questions already in a perfect way and in detail. His comments are always an "eye opener". Thanks for that Strat.

But i have a question for you: Why you hiding the currently BigBoss bar (February) on your chart? Is it a nastiness of your mt4-Broker or Black Magic? Currently BigBoss bar has so many informations inside even before its closed.

Ive got a black magic woman
Got me so blind I can't see
That she's a black magic woman
Shes trying to make a devil out of me...

Take care my friend
Hi bullzeye,

Well I didn't have Feb BigBoss candle because all the action I was asking Strat about happened in February. I look at the candle and consider giving me information of PA when it is done/closed. So all the action I was asking Strat about happened before February's close. So until then BigBoss was giving me information of chart I have posted replying to you without that Feb BigBoss candle.

As I was telling through this conversation with Strat that first real opportunity I was able to see was on Feb 20th on Worker giving that BEEB comming out of Strat shadow. And even then we still had almost 10 days to BigBoss candle close what could change everything on BigBoss picture.

kaunasny
  • #17,756
  • Mar 3, 2013 3:51pm Mar 3, 2013 3:51pm
Quoting kaunasny
Thanks Strat,

That breaks some of my confusions. By your first posts I understood that every trader who has spent thousands of hours of studying charts of your methodology should have been able to catch this turn of the trend and I was trying to explain why I haven't and what am I doing wrong.

Another confusion was that I thought, I was told that this move on EURUSD was not counter trend.

And just for verification. I have spent thousands of hours studying readings books and chart time, just not yet on Strat's PASR.
If you want to be a PASR student then focus on basic PASR until you can do it with your eyes shut. Basic PASR is trading from support to resistance or resistance to support IN THE DIRECTION OF THE PREVAILING TREND. Don't even think, consider or look at anything AGAINST the trend. Once you are consistently profitable trading basic PASR then you can open up your options to whatever YOU feel comfortable doing BUT you MUST learn the FOUNDATION OF TRADING which is PASR.

Also, even on my private website, we do NOT trade tops and bottoms. When we trend trade, we are only looking to capture the meat in the middle of the trend - we are not interested in the beginning and end which is where the money is lost.

On EURUSD, I didn't know I traded the top and in fact, didn't expect it to be the top as I thought PRICE would rally off the Strat Shadow. Neither do I always counter trend trade as this is where I LOSE more often than not. I only counter trend trade at STRONG PASR and then only on the majors and I trade only expecting to STEAL a few pips on the pullback from the main trend.

I hope this helps you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,757
  • Mar 3, 2013 8:33pm Mar 3, 2013 8:33pm
Quoting strat
It's very rare these days that I manage to pick the top. This was more by chance than anything else. I just saw strong resistance at 1.3650 and thought I would just go in and STEAL a few pips - never expecting it to develop into a DOWN trend - I thought it would find support at the Strat Shadow - some you WIN and some you lose.
I have just posted 3 videos to the membership showing how I traded this move off the Shooting Star.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,758
  • Mar 3, 2013 8:39pm Mar 3, 2013 8:39pm
For anyone who is really SERIOUS about Learning to trade profitably for a living, here is a welcome post to a new member from one of our originating members:

welcome to the forum, and becoming part of the family ...I can say I have been here since near the beginning and followed Strat’s FF thread pretty much from day one... I’m pretty sure you won’t find such a dedicated bunch of traders, great knowledge base and of course excellent mentor and ringmaster as Strat anywhere else. So far as I am aware everyone who sticks with the site makes worthwhile progress....bearing mind it can take time.

Thanks Gxxxxr - you know who you are!
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,759
  • Mar 4, 2013 2:25am Mar 4, 2013 2:25am
Quoting strat
If you want to be a PASR student then focus on basic PASR until you can do it with your eyes shut. Basic PASR is trading from support to resistance or resistance to support IN THE DIRECTION OF THE PREVAILING TREND. Don't even think, consider or look at anything AGAINST the trend. Once you are consistently profitable trading basic PASR then you can open up your options to whatever YOU feel comfortable doing BUT you MUST learn the FOUNDATION OF TRADING which is PASR.

Also, even on my private website, we do NOT trade tops and bottoms. When we trend...
Thank you Strat for your patience with me. That really helped me.

kaunasny
  • #17,760
  • Mar 4, 2013 2:42pm Mar 4, 2013 2:42pm
NZD/USD

"Have I found you, flightless bird?
Jealous, weeping
Or lost you, American mouth?
Big pill looming..."

I was waiting a few days for PASR on this level...Producing a BUEB on worker. What would the Kiwi expert say?

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 71 KB
8 traders viewing now