Nzdusd-sr line exercise - continued — FINAL VIEW As a result of this exercise, this is the final view of my SR lines on Boss chart. All you need to do is to trade these SR lines "BASED ON STRAT'S TEACHINGS" Hope this exercise helps you improve ...

Strat's Long Term Stress Free Trading

Nzdusd-sr line exercise - continued — I am using all-time high and low as major SR even though they are not tested too many times. In this case, all-time low and high tested several times. Then one more thing to consider is if price moves into ...

Strat's Long Term Stress Free Trading

Nzdusd-sr line exercise - continued — After checking Worker with all SRs drawn, I start grading them. For NZDUSD, I accept all of them as major SRs except 0.5650 where this SR was not respected in 2008 and 2009 as much as I like, therefore I ...

Strat's Long Term Stress Free Trading

Nzdusd-sr line exercise - continued — And this is how both charts look like after adding SR lines from Boss chart and fine tuning the ones from Big Boss chart. I have added 0.6450, 0.6700 and 0.7500 SRs which were not that obvious on Big Boss ...

Strat's Long Term Stress Free Trading

Nzdusd-sr line exercise - continued — I have 9 major SR levels on my completed NZDUSD chart and we already drew 6 of them from Big Boss. Then all you have to do is to keep them on your chart and switch to Boss chart to draw additional major SR ...

Strat's Long Term Stress Free Trading

Me neither. First of all, I can say that your SR levels on NZDUSD are similar to mine, but I also believe that someone else may have different SR levels and trade successfully. I am not claiming my levels are the best. Keeping that in mind, I like ...

Strat's Long Term Stress Free Trading

A couple of issues on your chart: 1- When you look at the bigger picture, some of your SR levels are minor or negligible. 2- You cannot trade this chart with PA from daily unless you put limit orders at SR levels, because when you have a PA, you are ...

Strat's Long Term Stress Free Trading

The ones who wonder why EURUSD has been trading in 1.4800-1.5100 range since Nov. 5th, this news from Reuters may be your answer: "It was in the middle of the $1.48-$1.51 range which traders say marks a large "double-no-touch" options structure that ...

Strat's Long Term Stress Free Trading

GBPCHF — If you are considering to trade GBP, we have much better looking cross.

Strat's Long Term Stress Free Trading

GBPJPY — I am watching weekly, not daily, on this one. In 2009, whenever weekly closed above/below 150, the price went to next SR, so why different this time? No need to guesswork here, IMO, as always.

Strat's Long Term Stress Free Trading

Thanks for the reply. A few things to clear this spread issue re. your reply: When your trade is a range trade, do you take long trade at 1.6603 (this means bid rate is 1.6600) or at 1.6600 (this means bid rate is at 1.6597)? When your trade is a ...

50 pips candle system

Thanks for sharing your strategy. Upon discussion on Feb. 2009 results, I have backtested that month only by using IBFX (includes Sunday bars). The results are: Win: 112 Loss: 98 Net: 112 - 98 = 14 x 50 = +700 pips One thing to note, on Feb 13th, ...

50 pips candle system

It is wise to watch this pair from Boss, because there is too much noise on worker around 150 SR.

Strat's Long Term Stress Free Trading

I couldn't write any better, thanks Lotus. And Future, Lotus is right, you have too many lines. I am attaching my GBPUSD and EURGBP charts for you so that you can see what Lotus means. Re. EURGBP, I believe the data before 1999 is coming from ...

Strat's Long Term Stress Free Trading

He accepts mine, elitejets', Alexandra's and many more (Grim, Naws, Sinan and others) who are on the way of Path of Learning. He doesn't accept one thing which is "BULLSHIT" on this thread. "I knew what price was going to do before it happened" - ...

Strat's Long Term Stress Free Trading

I am trading 131-138 when PA exist at those levels. Trying to keep my charts as clean as possible, otherwise, you can find many SRs here and there.

Strat's Long Term Stress Free Trading

It says "I am in the middle of two major SRs, 131-138".

Strat's Long Term Stress Free Trading

I missed this one, because my data shows no PA (from daily) until the close of 11/4 where RR was 0.60 (my stop was behind 0.88 minor SR). I could enter from H4 but I waited for 0.8800 - 0.8850 SR retest (as you know SRs are more reliable than DSRIs) ...

Strat's Long Term Stress Free Trading

Another great lesson/hint. Thanks.

Strat's Long Term Stress Free Trading

The reason is not the leftover from Friday, it is because IMF's statement on exchange rates at weekend.

Strat's Long Term Stress Free Trading