Hey Dan, I was looking at that gbpchf hammer too - the reason to be fearful is the crappy RR ratio in my view. Also, I have used an indicator, not sure if it's allowed by Strat but I have found it very useful for spotting hammers and stars that work ...

Strat's Long Term Stress Free Trading

Ha ha!! Indeed Strat, very true. I like to see what the 'crowd' are being taught so that we can 'fade' them ;-) How odd that so many books mention these wretched historically painting mathematical anomalies!! Like we say, 'those that can do so; ...

Strat's Long Term Stress Free Trading

The Weasel is very much looking fwd to Strat's Cycles!! I can't take this book I'm reading seriously because he keeps mentioning bloody indicators such as RSI and MACD - Arrrhh!!!! There must be better ways of measuring momentum? I'm liking the TLs ...

Strat's Long Term Stress Free Trading

Thanks for the comments Strat - I've now switched back to NorthFinance for their feed as their daily bars end at 2200 UK time, allowing me to place any orders at that time and not 0600 the morning after!! I'm reading an ebook I got from some place ...

Strat's Long Term Stress Free Trading

Ok, this looks like being a very interesting week next week. There are a lot of pairs etc at key levels with some interesting PASR. I've done my week end analysis below: Gold The monthly is still bullish as we have not broken the ascending TL from ...

Strat's Long Term Stress Free Trading

Thanks Bloom - I may check them out. As the biggest global player I want to see the same EoD data as the major players in the US.

Strat's Long Term Stress Free Trading

PS My hunt for a chart provider continues-currently using ODL but their daily bars close at Midnight UK time and I can't stay up that late as I get it in the neck from zero-alpha. Plus I have to drive to work at 0600 so I can't really check the ...

Strat's Long Term Stress Free Trading

Daily shooting star on Gold. For a pure 'pin-bar' one would like to see the candle body within the body of the previous candle. Still, the candle appears after a small daily rally, is just above the SR zone circa 910 and has Fib confluence with the ...

Strat's Long Term Stress Free Trading

Nice post AstonDan!! Really pleased to see you on the path and learning well - 13% is a mad profit all things considered - most retail funds would have killed for that return over a year, let alone 6 weeks. Well done mate. My only word of caution ...

Strat's Long Term Stress Free Trading

AUDUSD - round 2! Shooting Star No 2 on the .7457-60 SR level combined with 38% Fib level from monthly swing high to low (although not the best S Star so maybe best to wait for confirmation. Weak move thru that level could be caused by losing ...

Strat's Long Term Stress Free Trading

Cad continues to strengthen against the usd - the current down trend in usdcad started and mirrors the up trend in the DJI (starting on 8/3/09). So, as long as equities keep rising looks like usdcad will keep falling.

Strat's Long Term Stress Free Trading

Yep, same here as well as nzdusd Let's see what the banks' stress test has in store!!

Strat's Long Term Stress Free Trading

Don't hate to disagree Nic - this is why there is a market!! Differences of opinion!! If, as the charts may show, the indexes tank next week then usd will be in favour. But who knows - the hammer and shooting star at key SR levels with good fib ...

Strat's Long Term Stress Free Trading

Dan, It all depends on your RR Ratios and appetite for that risk. I know some who would enter on the break of the IB and have their stop at the high of that IB. Consider this to be the tighter, tactical entry. The 'strategic' and safer option is to ...

Strat's Long Term Stress Free Trading

Hi Strat and Dan, You beat me to it Strat - just got back from work having not even looked at the charts/market all day and I'm glad to see the PA on audusd as it adds extra weight to that S/Star in my view. A hammer or star followed by an IB or ...

Strat's Long Term Stress Free Trading

FTSE/DOW/audusd/nzdusd/cable and eurusd S/Stars. All on good levels on my charts. Pick of the bunch for me is nzdusd - shooting star within the preceeding S/Star and formed RHS of H&S pattern - Boss and Big Boss equally bearish. If the indicies tank ...

Strat's Long Term Stress Free Trading

Well, for the first time ever I reviewed those charts and made my decisions on the yens - not to trade; and I looked at the charts this morning and saw they did give way to some good pippage - but I wasn't bothered, no feelings of missing out as I'm ...

Strat's Long Term Stress Free Trading

Nice Dan - If I could see it!!! Ref the monthly - we do have 2 days to go - a lot could change in 2 days, so I would'nt base any decisions on an unformed bar - been there done it and lost the proverbial t-shirt from me back!! But mainly I think that ...

Strat's Long Term Stress Free Trading

Dan, I was looking at the same hammer - trouble is that it's not sitting on any SR levels or fibs that I have on my charts; it's just hanging in free space, so no action for me. The more risk adverse may like to take the trade off the wkly 20ema, ...

Strat's Long Term Stress Free Trading

Excellent Nic - many thanks for the news warnings. Since I've switched out here to dailys I hardly ever check the news now! Is that bad?? Not sure but if you belive in the efficient market hypothesis then all known information is reflected in the ...

Strat's Long Term Stress Free Trading