Brave lads and lasses (well,not Nic as she's on a break - good luck with everything Nic)! - 'fading' Big Boss hammers!! The hammer is at the 76% retrace from monthly low to high (1985-2001, I don't have historical date back from 1985) but no SR ...

Strat's Long Term Stress Free Trading

Ace - you couldn't have 'known' that price was going down; not if you read/watch Mark Douglas- all you have is an indication of a repetitive pattern giving you an 'edge'. Hanging Man candles are an indication of the bulls running out of steam as ...

Strat's Long Term Stress Free Trading

An excellent post by Strat and an excellent return volley by mstandifer Keep 'em coming folks!

Strat's Long Term Stress Free Trading

I'd be slightly cautious of any set-ups today as it's a Holiday in the US, CAD and France; we may see some low volume manipulative moves.

Strat's Long Term Stress Free Trading

Thanks Strat - I was on the right lines then. Taken time to really 'get' trend trading and not picking tops/bottoms. God knows why? Ego I guess? Naughty inner voice thinking he could outsmart the market. I was once told by a 'seasoned' trader that ...

Strat's Long Term Stress Free Trading

Looking at USDCAD there could be a good lower risk monthly trade if that hammer on the big boss is still to be believed. The worker may offer an entry back into that hammer. My only concern is that PA has retraced beyond 61% into that hammer. I ...

Strat's Long Term Stress Free Trading

Great Video thanks Nic and others for the analysis- If only I'd found that before buying Mark's book all those years ago. Funny how at the time I dismissed most of it as mumbo jumbo - so glad to eat humble pie a few years later and find that he was ...

Strat's Long Term Stress Free Trading

Well, FWIW - I'd only trade long on usdchf once/if we have had a significant down TL break on strong momentum. I'd like to see any potential double bottom then tested and with a HL and a break above the SR level at 1.0250 AND the last swing high at ...

Strat's Long Term Stress Free Trading

If it's in the news it must be time to buy the $ LOL Big gap up on the FTSE100 today but on low volume - if this means something then Mr Market will be sure to show us.

Strat's Long Term Stress Free Trading

Some big gaps on the open this evening - not seen gaps like that before on a Sunday. Little too much leftover fizz from Friday on cable and nzd crosses - looks like a good fade

Strat's Long Term Stress Free Trading

Indeed Strat - funny thing is I'm reading a book a 'broker' mate of mine lent me called 'Traders, Guns and Money' by Satyajit Das - all about financial derivatives, weapons of mass destruction as Buffet called them. Cracking read There is a quote ...

Strat's Long Term Stress Free Trading

I doubt it will Strat - it was merely an observation on how some pairs follow the indices very closely as I was able to plot the chart relative to the index. I noted you had posted some correlations before (eurusd/usdchf) and wondered if we could ...

Strat's Long Term Stress Free Trading

Nothing to trade from 'per se' but shows that some currency pairs have a habit of following the indices and some are inverse. When the two meet (as with Brazilian Real) then something usually happens. Will they bounce away or just carry on thru each ...

Strat's Long Term Stress Free Trading

Browsing some Forex/FTSE 100 correlations this morning on Sharescope - some interesting finds. The 'FTSE100 relative to...' line is the thin green line.

Strat's Long Term Stress Free Trading

Post #6589 - just thought I'd follow up on this cadyen trade to update if anyone was following. The double top bear flag went on to produce a nice trade from the BEOB on 20 Oct 09. The 3 green candles before the BEOB gave the momentum away as did ...

Strat's Long Term Stress Free Trading

Sorry Mstandifer - I wasn't very clear with my explanation. I agree with you about TLs and DRSI being two different things. What I meant was that a line that joins extremes, to me, is just a trend line. A DSRI line would be where price had acted ...

Strat's Long Term Stress Free Trading

Not splitting hairs but it's still only a trend line on the S&P currently - It becomes a DRSI if the test from underneath is rejected ; the TL has then given signals to both sides of the market, ie Support then Resistance. I think the weekly close ...

Strat's Long Term Stress Free Trading

When I look at eur/usd all I see is Dr Joe - it's long only as it's not started going down yet!! (I, to nick Nic's phrase, am often wrong ) You should take every with trend opportunity offered as you'll only be wrong once - at the top. We have ...

Strat's Long Term Stress Free Trading

Thanks for the positive comments Strat. 20% here we come (soon, no rush the market is always there!) Btw, I thought you took the 'beast' off your watchlist? Looking at it, after a strong minor TL break (from the double top highs)with 2 pushes ...

Strat's Long Term Stress Free Trading

Hi Soso and thanks for the kind words - I'm just using excel for my trading journal with some tweeks allowing me to show -ve value etc when going short as a profit, that updates my running total and adjusts my 1% risk tally depending on the outcome ...

Strat's Long Term Stress Free Trading