I think this chart demonstrates what I was on about Strat. I think we are singing from the same song sheet, just another method of confirmation that a trend change could be in the offing? Recall Al's saying: "Major reversals reverse a trend that has ...

Strat's Long Term Stress Free Trading

LOL Thanks Strat for the TL concern - I only said others use the wicks -rest assured I'm still using the good old close as u can see from my charts. I'm still very much using only PASR - but I'm concentrating on trying not to pick tops and bottoms. ...

Strat's Long Term Stress Free Trading

With all the above in mind I have pulled my nzdusd short this eve. I will now wait for a TL break (nr the black line?) and then a re-test of the TL break or the old trend's extreme. We need to see that the bears have control of the chart before we ...

Strat's Long Term Stress Free Trading

USDCAD shows and excellent trend reversal set-up in my view. 1. At point A we have a major TL break-out. 2. At B we have a doji that warned us the trend line BO could reverse; it did. 3. At point C we have a test of the low before the TL BO and a ...

Strat's Long Term Stress Free Trading

More from Al's Book.. "Incidentally, although pundits had been attributing the 2008 crash to the housing bubble and credit crisis, the housing market began it's crash almost 3 yrs earlier and the credit crisis had been simmering for the past couple ...

Strat's Long Term Stress Free Trading

LOL - Blackeagle - we must have been on the same page this eve! I have just finished Al Brooks' excellent book and for PASR traders I could not recommend it more. Now, some of you may not like this, but PASR trading is a little more than a specific ...

Strat's Long Term Stress Free Trading

Hey glad to be of service Craig - don't forget thought that I'm still on this long journey with you all - and this thread has been instrumetal in turning my view of the markets around and back to its raw basics. I bow to the master Strat for showing ...

Strat's Long Term Stress Free Trading

Craig - after my readings and knowing how much emphasis there is on TLs I can see that you have the major up TL missing from your chart. Flick to a line chart and join up all the lows on your chart and extend it thru to the top of the chart. Now see ...

Strat's Long Term Stress Free Trading

Just looked at the cable chart, and thought 'DC you complete to$$er, why are you looking for entries in a pair that is CLEARLY trading in a tight range??" I'm not a channel trader and the MAs are all flat?? What a loon!! The money follows the money ...

Strat's Long Term Stress Free Trading

Well, I must commend Al Brooks' Book even more. Once you get the basics of this PASR lark every chart sings a song. Almost every BO from a level gets tested at some stage. The same on the 5m as it is on the daily and weekly charts. It's now apparent ...

Strat's Long Term Stress Free Trading

Alter I made that mistake once and took a nokusd trade and was almost wiped out straight away by the bid/offer spread of 100pips with IGIndex. Not knocking IG, just be wary of the thinly traded pairs, spreads and the ability of a big volume inject ...

Strat's Long Term Stress Free Trading

Hi Peter, My main reason for the nzdusd short was my belief that out of all the usd correlated pairs, aud and nzd are the most over 'fair value'. It's a fundemental view backed up with a technical one. The main reason was the indication of a poss ...

Strat's Long Term Stress Free Trading

Great post Blackeagle - thanks for the enlightenment I had often wondered why some daily trades would not work out but now I see why - I have often traded pairs that are heavily conjested with SR, TL etc within a tight range. The secret is to aviod ...

Strat's Long Term Stress Free Trading

Cheers Craig, Seems I was a little too tight with the stop, and I see it has put in a 4hr S/Star - one could trade the 4hr chart between that TL and the SR level and profited a good sum yesterday, but like I said, my entry was on the daily so I ...

Strat's Long Term Stress Free Trading

So, fouled up a cable trade so I thought I'd share it here. Had a short on the break of the weekly S/Star two weeks ago; left the trade all last week; kinda went sideways and left a small profit. Big trend bar down yesterday so all was well.... Then ...

Strat's Long Term Stress Free Trading

Thanks Alter for the post. I'm not looking at long per se, but a quick glance at that chart would not get me in short either - it's not one I follow usually - I have been watching it the past few weeks. To get me short after such a long down trend ...

Strat's Long Term Stress Free Trading

Take a look at EurNzd... Bottoming with a hammer a few days back - I prefer this to euraud. I'm waiting for the downtrend TL to be broken and retested from above, then I'm looking at long. It's also a play on the indices tanking too (indirectly as ...

Strat's Long Term Stress Free Trading

Yep, all very true Pizza Man, All this QE has foxed most of the banks and the financial press into thinking all is fine - no-one knows for sure. Lets all sit and wait for the big-money to reveal its actions in PA and then hop on its coat tails. ...

Strat's Long Term Stress Free Trading

Blackeagle For me this pair is still in a major uptrend but a minor downswing. We are in a wedge (continuation pattern more often than not) and the market has attempted to BO from the pattern and the support at 1.235. We have broke thru the wedge up ...

Strat's Long Term Stress Free Trading

Hi Dave, Yes the quotes are from Al Brooks Book. I've still not finished it as it's a book that you need to read slowly as you need to relate the text to the charts and read along bar by bar (hence the book's name) but it's very good; a little deep ...

Strat's Long Term Stress Free Trading