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Grimweasel replied Jul 30, 2009Z-Man, I did some Wolfe-Wave study earlier this year and I think Strat had a look too. They seemed a little subjective and only became really apparent after the event (ie good in hindsight but difficult to spot in reality). I know some people like ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Jul 29, 2009What are those naughty squiggles on the bottom of that FTSE chart Nic??!!! LOL
Strat's Long Term Stress Free Trading
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Grimweasel replied Jul 29, 2009Z, Nic and Strat, Many thanks - seems there is some interpretation after all as I suspected- I think it's where the PA occurs that's important. I hear what you are saying Strat about the 5m. I'm reading it because I've paid hard currency for the ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Jul 29, 2009Thanks Zuret, I was familiar with minor specifics but I have always thought it was best to trade an IB for example, that was an IB on both the OHLC and Candle charts. There could be times that you have an IB candle that is not an IB on the OHLC ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Jul 29, 2009Thanks Strat - I'm confused with engulfing bars? OBs and IBs are easy but does an engulfing bar only pertain to the candle body engulfing the previous candle body and not the wicks? In OHLC bars I would guess it means the bar open and close is ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Jul 28, 2009So does today's bar count as a DBHLC for euryen? Lower high too just above the 50% fib from the monthly line chart H-L. Monthly bar currently a hanging man candle - few days to month close could point to lower prices? I have a pending order below ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Jul 25, 2009LOL! Oops - that will be the red wine on a Fri eve after a long week! Shooting Star indeed Strat. 'Pin Bar' would have kept me in the clear!!
Strat's Long Term Stress Free Trading
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Grimweasel replied Jul 24, 2009These Hammers work you know - look at that fall on gbpcad. Of course I was watching from the sidelines! Just goes to show the power of good PASR.
Strat's Long Term Stress Free Trading
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Grimweasel replied Jul 21, 2009Strat - thanks for the replies again. BUEB and BUOB - I would imagine we would only take these at SR levels with fib confluence much the same as we would trade a hammer? Just because we have a BUOB at the top of a channel this wouldn't be a signal ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Jul 21, 2009usdyen - I'm looking at short too. I'm troubled by any correlation with the equities though. The yen usually weakens when equities rally (carry trade to borrow cheap and finance long positions in other markets). So does this mean that people are ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Jul 20, 2009Loving the new charts Strat - looks like you are now the Jing-Master!! Must load it up and use for my trading analysis and trade diary! Keep em coming oh Wise-one!!
Strat's Long Term Stress Free Trading
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Grimweasel replied Jul 17, 2009url How not to do it I guess - amazed this guy has kept anything at all as his RRs must be well out of kilter with his equity I'm guessing?? The fact he said he finds it 'exciting' etc sets the alarm bells off for me - good luck tho! I take the ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Jul 17, 2009Looks like a tweezer top to me Naws? (Bearish) Tweezers can have wicks at the same level or the tops of the candle body at the same level. I've not traded off them before though. If one protrudes slightly below/above the other then if you were to ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Jul 14, 2009Good trades Golfer....but.....you know it's coming.....you didn't trade your plan! If you closed your trades early it means you have not fully accepted the risk and adhered to your plan. Trust me, it sounds anal, but I have been there and lost money ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Jul 13, 2009Thanks Strat - another great post. I traded that gbpyen on my demo account and was stopped out as I had the stop below the 2nd hammer. I was deliberating between that and euryen, which if i'd used the same stop strategy, I'd still be in? Seems that ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Jul 12, 2009I do like the look of gbpyen. Two hammers off the weekly SR at 148.75 ish. This counts as a nice 123 long too, and what better PASR than two hammers? I know it's on the H4 but it looks like a good indication? Oil looks like it's being held by the ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Jul 8, 2009Thanks Strat for the vote of confidence as it were - a very useful chart, often overlooked! Grim
Strat's Long Term Stress Free Trading
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Grimweasel replied Jul 8, 2009Hi all, Well course finished and passed - so back to daily charts and nightly checks I have managed to keep my demo account very healthy this month and its up a good amount. I have switched to a new 'less' intensive style of trend trading that seems ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Jul 6, 2009Cable, gbpyen In the words of 'Red' in the 1980's 'Nam flick Platoon : "I gotta bad feeling about this one Bob.,..." It's MPC rate week - so I'd just sit on your hands - the MMs et al are more than likley sucking in the punters as the trends have ...
Strat's Long Term Stress Free Trading
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Grimweasel replied Jun 26, 2009Great recent posts there Strat - and timely reminders to us all of the perils of becoming too cock-sure and thinking we have it nailed. I have been there too and lost my shirt before and recently found myself 'checking' the 1hr and 4hr TFs for any ...
Strat's Long Term Stress Free Trading