The US dollar index broke down a bear flag a couple of days ago but looks to have put in a hammer tonight. It might be a bond hammer. Correction, I am sure it is a bond hammer because I can't find a level for it. Maybe Blackeagle has a comment on it ...

Strat's Long Term Stress Free Trading

It is not rejected if a price sits on support but does not break it or close below. If a price is held by support there are two possible trades: Price action to go long off that support level or A break of that support. Aggressive traders would sell ...

Strat's Long Term Stress Free Trading

Agree with you 100% Welcome to the thread! Nicola

Strat's Long Term Stress Free Trading

Funnymental week ahead — Is it NFP week again already? How time flies .. All the factors and trends I mentioned 3 weeks ago seem to have continued. Strong commodities and commodity currencies and a weakening US dollar. Indices have gone ...

Strat's Long Term Stress Free Trading

Sorry — Sorry I have been quiet, I have not been too well and trying to keep up with my trading. I'm feeling much better and will catch up and post stuff and reply to PM's Nicola PS Yes, Im studying Gann .. because my life is not hard enough

Strat's Long Term Stress Free Trading

The more I learn and the more I trade, the less I find I need. The most important thing after price is your excel sheet and ROI. Nic

Naked S/R intent trading

Good grief — Are we on page three already and I missed out. The thread of yours I learned SR from was called Trading By Price Wasp Stylee. I am happy to go and fetch the material, put it in a doc and put it here for people to download if you ...

Naked S/R intent trading

Holiday Monday — It's a bank holiday in the UK on Monday and a big holiday (Memorial Day) in the US too.

Strat's Long Term Stress Free Trading

Thanks Amin ! The Wasp is a friend who trades naked, using pure Support (AKA demand), Resistance (AKA supply) and price. He is the ultimate darksider. Darksiders trade using price alone.

Strat's Long Term Stress Free Trading

You know you are right ... when I put the weekly50 on my daily chart I have it as the 250 but because of those Sunday bars it should be the 300 I think. My mistake. Will redo my charts this weekend

Strat's Long Term Stress Free Trading

That was a really nice inside bar trade on the daily. I looked at it and didn't take it, though I wish now I had. It was a better setup than some of the other yen crosses. There is resistance at 1.32 and the weekly 50ma but it looks like it has the ...

Strat's Long Term Stress Free Trading

USD — Very interesting moves in the dollar this afternoon. Normally when the equity indices fall off hard, like they did today, the safe haven trade returns and the money goes to treasuries and the US dollar strengthens. This afternoon that ...

Strat's Long Term Stress Free Trading

Sterling & USD news — Standard and Poors downgraded the UK this morning from stable to negative outlook because UK Government debt could reach 100% of GDP. Very negative for the UK's credit rating outlook. Sterling crosses had a big ...

Strat's Long Term Stress Free Trading

News — At 4:30 New York time all the USD and JPY crosses were looking like they would finish really strongly and then after the bell news sunk that and caused a wobble. Bank of America fell after the bell on news of a secondary share offer ...

Strat's Long Term Stress Free Trading

Time Zones / candle closes — I have a friend who trades currencies in an Investment Bank for his take on bar closing times, here are his words: The problem with what you are asking for is that it isn't really market convention. In the ...

Strat's Long Term Stress Free Trading

Hmm ... so the coloured areas cover 4 weekly bars or so ... and looking at the highs and lows are therefore each monthly candle / bar ...

Strat's Long Term Stress Free Trading

I took the USDCHF long trade too (for the second time this week , chart will tell you why) and it gave me the same scares! If you have momentum and price action on your side then you must not be put off trading into the 20ema. SR levels and price ...

Strat's Long Term Stress Free Trading

News tomorrow — Well stocks moved sideways today after the pullback of yesterday, absorbed the bad news of worse than expected US unemployment numbers and then had a bit of a rally at the end of the day. The ability of the market to absorb bad ...

Strat's Long Term Stress Free Trading

You are always trying to get me in trouble ... LOL Im taking your advice and going white water rafting this weekend ... don't worry.

Strat's Long Term Stress Free Trading

It could be quite a debate ... although it looks as though the beginning of April swing high was higher than the one at the end of last week, the daily closing prices of the recent swing high are higher by about 80 ticks ... Hmmm are we using closes ...

Strat's Long Term Stress Free Trading