In this particular case, although there seems to be an SR area around 70.30, I believe it is not a major obstacle, IMO. If you switch to line chart and put your horizontal line starting from 1993, you'll see what I mean. While drawing SR lines, I am ...

Strat's Long Term Stress Free Trading

AUDJPY — JPY pairs are showing good PA, but I like AUDJPY the most. Reasons: 1- Since Jan 2009 LH was penetrated, and daily shows HL-HH, I believe the trend is north, at the moment. 2- 67.50 SR (looks like it moved to 68 recently, but 67.50 ...

Strat's Long Term Stress Free Trading

After a weak weekly close against all currencies, one may ask the reason of strong USD Sunday opening. It is always good to look for additional info and I always check out Dollar Index chart to have an opinion re. overall trend of USD.

Strat's Long Term Stress Free Trading

Check out your weekly chart. Although the up TL on daily was broken down, Feb 13th, 2009 weekly "swing" low is very important and until that is broken, uptrend is still intact, IMO. April 20th bar was an important one and telling the intention of ...

Strat's Long Term Stress Free Trading

I don't want to give a wrong impression re. my comments about TLs on post #2368. I always use them and agree 100% with Strat re. their worth. Please take those comments in the context of "comparison of TL vs. SR" and "which one has more significance ...

Strat's Long Term Stress Free Trading

In most cases (I say "most", because sometimes we may have picture perfect TLs and price follows those TLs, if you have a Natural Gas futures chart, you'll see what I mean), SR lines have more significance than TLs. When a TL is too much violated, ...

Strat's Long Term Stress Free Trading

I have drawn TL on line chart, so connected 2/2 close to 2/17 close which are important swing lows, IMO (where we have S/R lines as well).

Strat's Long Term Stress Free Trading

As long as 67.50 holds, trend is up. Look where Boss 20 stands. And my trendline is @67.69 today. Although the recent move reversed @73.50, 71.50 is more important, IMO.

Strat's Long Term Stress Free Trading

Can 0.7300 be a better S/R line? Please have a look at the line chart, too.

Strat's Long Term Stress Free Trading

MAs not much helping at the moment as Daily 20 is flat and Boss 20 is at 2.15, away from crucial 2.09-2.10 level.

Strat's Long Term Stress Free Trading

All three charts above have a common point which is apex of congestions is just 4-5 weeks away which means we may see some big moves in the very near future and which also means patience will reward the ones who know waiting.

Strat's Long Term Stress Free Trading

Patience = REWARD - 3 — And this is GBPAUD chart. This is a very interesting chart. 2.02 - 2.03 levels are very strong S area, Look at the daily bar with arrow. After opening with gap down, it proves how everyone is aware of that support area ...

Strat's Long Term Stress Free Trading

Patience = REWARD - 2 — Second chart is USDCHF. Price is moving in a big triangle. Downside break of the triangle is not tradable, IMO as you will be trading to a very important 1.1300 support then. On the other hand, upside break looks ...

Strat's Long Term Stress Free Trading

Patience = REWARD - 1 — I'd like to share three charts with you which may prove that waiting for the right time patiently can generate more pips than you can imagine. First one is USDJPY. Although we are in uptrend since Jan 2009, long term ...

Strat's Long Term Stress Free Trading

Thanks for this Strat, and I'll do my best for posting more. Trading daily tf (and weekly, so waiting for weekly bar close) and looking for best possible setups to form with clean charts are the main reasons of not posting much.

Strat's Long Term Stress Free Trading

GBPCHF — Long term trend is still down and 1.75 level is crucial to get the first indication that the trend is reversing (check your weekly chart for higher low (3/13 weekly low)/higher high (not yet until 1.75 is passed)). Therefore I'll be ...

Strat's Long Term Stress Free Trading

0.8650, as you will see on the chart, is very important, and until we see what price will do at that level, no new positions should be taken, IMO. Patience.

Strat's Long Term Stress Free Trading

I believe EURGBP is one of the most tradable pairs based on picture perfect S/R lines, some long term TLs (the recent up TL has been drawn by using close prices) and of course PA respecting those S/R and TLs. Just have a look at the charts I am ...

Strat's Long Term Stress Free Trading

If you look at the big picture, trend is still UP.

Silent Service Method

Yes Strat, most MT4s do not have much historical data especially on crosses like this, though IBFX goes back to June 2005 on AUDCAD. I am downloading daily OHLC data from a data vendor for my forex and futures trades and doing analysis on Metastock.

Strat's Long Term Stress Free Trading