Fine Tune — 1.0750 looks better, IMO, but before that there is 1.1000. The problem with these levels are 1.1000 served as support only in the past and 1.0750 served as resistance only, not both S & R. So, we should watch PA around these levels ...

Strat's Long Term Stress Free Trading

Mainly because of increased risk aversion and hence offloading carry trades. It is really difficult to trade when correlation is high. For some time, FX Market is correlated with Equity indices and whenever indices moves north, people assume risk ...

Strat's Long Term Stress Free Trading

There may be similarities but each trade setup is a different case, therefore please do not take my EURAUD post as a template for other trade setups, instead you can use above Strat's comments as template re. what you should look for a possible ...

Strat's Long Term Stress Free Trading

OR for a better picture ........ (by the way, you have attached monthly, not weekly)

Strat's Long Term Stress Free Trading

Good analysis and I am also watching this one, but I like EURCAD chart better (GBPCAD and EURCAD should have high correlations, so no need to open positions on both at the same time).

Strat's Long Term Stress Free Trading

I don't use both strategies, because it is not related to setups/scenarios, it is related to your risk profile and you cannot have both aggressive and conservative risk profiles at the same time.

Strat's Long Term Stress Free Trading

When I have a losing trade, I'll share it too, no problem at all. But when a trade fails, normally I get stopped out with my initial SL level (because I prefer to be lazy to trail stoploss to leave enough room/time for the trade to develop), ...

Strat's Long Term Stress Free Trading

Thanks everyone for your kind words re. my EURAUD post. We should all thank to Strat for starting this thread and spending his valuable time to teach us all. Now, please go to post #2567, open your current daily chart and based on EURAUD post, try ...

Strat's Long Term Stress Free Trading

I use IBFX and also a data vendor for my Metastock and other charting software. My trading is normally based on NY daily close data. But it doesn't matter which data you use, you should trade what you see. Because sometimes Alpari UK shows a ...

Strat's Long Term Stress Free Trading

How will you know the break is real? There are mainly two strategies to trade breakouts and you can choose one of them depending on your risk profile: 1- Open position as soon as price breaks your pre-determined level. 2- Wait and see if break is ...

Strat's Long Term Stress Free Trading

A complete trade management - euraud — I am going to show you a trade recently I took and will try to explain what I am doing before the trade and how I am managing while holding the position so that anyone who has a similar trading style can ...

Strat's Long Term Stress Free Trading

Sorry for that Strat, , but at least I didn't tell why,

Strat's Long Term Stress Free Trading

Although 0.88 looks to be a support level (btw, it hasn't served as resistance before, only as support), 0.8650 is major and more important SR level, IMO. And If 0.8650 is broken, we'll start talking about downtrend on this pair.

Strat's Long Term Stress Free Trading

Not sure which month you are watching, but 55-47 range on crude is still valid on June contract. And even if it breaks out that range, there is an important SR area at 57-58, so unless 57-58 is broken, crude is sideways, IMO.

Strat's Long Term Stress Free Trading

Good strategy, PA and SR shouldn't contradict. Since 0.7300 is a very important SR level, we should watch PA to go long unless 0.7300 is broken decisively.

Strat's Long Term Stress Free Trading

Nicole, This is how I draw SR lines. I start with monthly and try to determine obvious SR lines. To do that, max. zoom out your chart and always switch between candle and line charts to see if high/low prices have any meanings relative to closes, if ...

Strat's Long Term Stress Free Trading

CAD is the common currency here. If price move is caused by CAD only, then you'll see perfect correlation, but this is rare, IMO. Because there is a third pair effecting the move which is EURUSD. When I look at USDCAD and EURCAD charts together, I ...

Strat's Long Term Stress Free Trading

EURCAD — Another possible setup is forming, watch PA around 1.5700.

Strat's Long Term Stress Free Trading

USDCAD — I can go back as far as 1991 on my data, and I see two major supports at 1.2000 and 1.1800. If you look at weekly close data, 1.1900 has been a support since Nov. last year. Although we see LH-LL since March 2009 on daily, unless 1.18 ...

Strat's Long Term Stress Free Trading

GBPAUD — A chart to watch.

Strat's Long Term Stress Free Trading