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Strat's Long Term Stress Free Trading

  • #18,861
  • Jan 23, 2014 9:50am Jan 23, 2014 9:50am
Quoting patrick25
Eurznd Daily price is below Strat Shadow. 4Hour price failed to make hh above Strat Shadow. I am waiting for price action below Strat Shadow. Will see, maybe another live trade from me. {image}
Audchf

The same concept but better PA, daily price is below Strat Shadow, 4hour price failed to make HH above Strat shadow, PASR with Strat shadow.
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  • #18,862
  • Jan 23, 2014 10:51am Jan 23, 2014 10:51am
AUDCHF WORKER

Yes, Patrick!

We are already short from the Shooting Star off the Worker Strat Shadow with an add on below the pull back into the Strat Shadow
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15 YEARS OF PASR ON FOREX FACTORY!
  • #18,863
  • Jan 23, 2014 11:36am Jan 23, 2014 11:36am
Quoting strat
AUDCHF WORKER Yes, Patrick! We are already short from the Shooting Star off the Worker Strat Shadow with an add on below the pull back into the Strat Shadow {image}
I saw that too Strat but I was worry about .8000 support level there so I passed. Once I saw daily candle closed below .8000 level, I started checking 4hour for second chance and I got it. I believe in second chance
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  • #18,864
  • Jan 23, 2014 11:46am Jan 23, 2014 11:46am
AUDCHF

Quoting patrick25
{quote} I saw that too Strat but I was worry about .8000 support level there so I passed. Once I saw daily candle closed below .8000 level, I started checking 4hour for second chance and I got it. I believe in second chance
The Strat Shadow told us the DOWN trend was still intact so we expected PRICE to at least test the double bottom again.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,865
  • Jan 23, 2014 12:27pm Jan 23, 2014 12:27pm
Quoting bullzeye
{quote} AUD/CHF http://www.youtube.com/watch?v=5zhQG...yer_detailpage {image}

AUD/CHF

yes Strat, the shooting star was a very good opportunity. I closed the one because of the "Little People" ...And took two more (nice Patrick, almost the same trade ). I have definitely to work on my exits, something like Wildthings`s "set and forget"

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  • #18,866
  • Jan 23, 2014 1:28pm Jan 23, 2014 1:28pm
AUDCHF

Quoting bullzeye
{quote} AUD/CHF yes Strat, the shooting star was a very good opportunity. I closed the one because of the "Little People" ...And took two more (nice Patrick, almost the same trade ). I have definitely to work on my exits, something like Wildthings`s "set and forget"
A Shooting Star into that Strat Shadow was like a prick in a balloon - expect an explosion

Set and Forget - just trade the Boss or the Big Boss - but your Little People will have to handle the DRAW DOWNS
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15 YEARS OF PASR ON FOREX FACTORY!
  • #18,867
  • Jan 23, 2014 2:10pm Jan 23, 2014 2:10pm
Quoting bullzeye
{quote} AUD/CHF yes Strat, the shooting star was a very good opportunity. I closed the one because of the "Little People" ...And took two more (nice Patrick, almost the same trade ). I have definitely to work on my exits, something like Wildthings`s "set and forget" {image}
Taking profit is an art not science. For me break even first, then trail if price is coming to SR to lock in the profit. It's a personal thing. If you leave a trade ON long enough, eventually it will come back to your entry point.
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  • #18,868
  • Edited 3:37pm Jan 23, 2014 3:18pm | Edited 3:37pm
Quoting strat
EURUSD PASR {quote} See EURUSD example: {image} {image}
thank you strat
i think i start understand this part from pasr
now in this chance i must wait end of this week and wait PA in up direction in next week or i can depend on bullish engulfing bar on daily chart?
  • #18,869
  • Jan 23, 2014 3:25pm Jan 23, 2014 3:25pm
Quoting rtkwar
{quote} thank you strat i think i start understand this part from pasr

the path is long and difficult but worth it

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  • #18,870
  • Jan 23, 2014 3:33pm Jan 23, 2014 3:33pm
Quoting patrick25
{quote} Taking profit is an art not science.
Yes it is Patrick. True words, sometimes a surrealistic art but always a struggle with your "little people"
  • #18,871
  • Jan 24, 2014 2:03am Jan 24, 2014 2:03am
Quoting bullzeye
{quote} the path is long and difficult but worth it
bullzeye

DO you allways set the pending order above or below the price action candle? I was waiting all week for EU to turn but I all ways tend to wait for the daily CLOSE above the PA candle. For me in this case Ive obvs missed out on 100 or so pips but if I had set my pending Id be 100 better off with a much reduced SL. I guees it depends on each individuals attitude to risk. Yours thoughts would be much appreciated.

D
  • #18,872
  • Jan 24, 2014 5:21am Jan 24, 2014 5:21am
Quoting rossobonks
{quote} bullzeye DO you allways set the pending order above or below the price action candle? I was waiting all week for EU to turn but I all ways tend to wait for the daily CLOSE above the PA candle. For me in this case Ive obvs missed out on 100 or so pips but if I had set my pending Id be 100 better off with a much reduced SL. I guees it depends on each individuals attitude to risk. Yours thoughts would be much appreciated. D

Yes rosso, i always set the pending order above or below the price action candle. Thats how Strat teaching us. That keeps you from not too early to jump on the train,let the market pick you up.
  • #18,873
  • Jan 24, 2014 6:15am Jan 24, 2014 6:15am
Quoting trogger
{quote} It's a long way to Tipperary... or, from my "set n forget" account, a position that's been open just on 2 years now: {image} Entry in green highlight, Jan 2012 Notice the 550 pip tail on that march 2011 bar? That's what I was trying to get in against. Patience... patience.... Now notice the retest of lows in August 2011 - a new low (but no close below that March tail). Next we see Oct '11 - looking good! Nov, Dec = retrace. Enter, Stage Right! (blue arrow, chart below) {image} and, until today, I haven't even bothered to open the account...

An Elephant NEVER forgets!

Did I say "set n forget"?

Sorry about that.
That was then.

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This is now.
(closed longs a minute or two after that post and started opening shorts an hour or so later)

Night all.
  • #18,874
  • Edited 10:18pm Jan 24, 2014 6:24am | Edited 10:18pm
Quoting trogger
{quote} An Elephant NEVER forgets! Did I say "set n forget"? Sorry about that. That was then. {image} This is now. (closed longs a minute or two after that post and started opening shorts an hour or so later) Night all.

Based on short term charts*

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* That's just me. I like to enter off the shorter time frames.
  • #18,875
  • Jan 24, 2014 10:44am Jan 24, 2014 10:44am
Quoting bullzeye
{quote} the path is long and difficult but worth it {image} {image}
I have no problem with that The result is important
so in eur/usd
when price touch ma 20 on the boss you start wait PA in up direction on worker , right?
  • #18,876
  • Edited Jan 25, 2014 2:43am Jan 24, 2014 5:41pm | Edited Jan 25, 2014 2:43am
Into our town the hangman* came
smelling of gold and blood and flame....

*Here's one for Bones!

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sold the retrace of the double "hanging-man" (Boss and BB)....

...say, whatever did happen to Bones?
  • #18,877
  • Jan 25, 2014 2:50pm Jan 25, 2014 2:50pm
Quoting strat
NZDJPY Wild Thing - more Kiwi for you! {image} {image} {image}

Funny you mention it.........

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  • #18,878
  • Jan 26, 2014 10:13am Jan 26, 2014 10:13am
Quoting bullzeye
{quote} AUD/CHF yes Strat, the shooting star was a very good opportunity. I closed the one because of the "Little People" ...And took two more (nice Patrick, almost the same trade ). I have definitely to work on my exits, something like Wildthings`s "set and forget" {image}

This is a great thread--just found it. Could someone point me to info on the strat shadow---I have gone through the path of leaning but did not see any mention of the shadow there. Thanks.
  • #18,879
  • Jan 26, 2014 8:10pm Jan 26, 2014 8:10pm
Quoting IRISH37
{quote} This is a great thread--just found it. Could someone point me to info on the strat shadow---I have gone through the path of leaning but did not see any mention of the shadow there. Thanks.
The Strat Shadow is the area between our MA's.

http://www.stratsforextrading.com/do...ower_of_the_20

Cheers
  • #18,880
  • Jan 27, 2014 2:59am Jan 27, 2014 2:59am
Thank you.
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