Yup its certainly not ideal and it would have to close up another 40/50 pips for it to qualify. Can't see the significance of 1.2520 though, except the 50SMA, which is much less important than the 20. By the way AminAS, my 20's are blue and 50s are ...

Strat's Long Term Stress Free Trading

USDCAD — Are we seeing a hammer forming off upward support on USDCAD? Is this the bullish move Mr. O'Caster was talking about earlier this week? 1.2110 has been important so stop would need to be below that level with a Buy Stop above the blue ...

Strat's Long Term Stress Free Trading

Very good quote, please take note anyone looking for entry signals - there's no free lunch here but all the support (no pun intended) you could need. Baba, it looks like you had an interesting 24 hours?

Strat's Long Term Stress Free Trading

My Fib light hasn’t come on yet but certainly the major S/R levels are key. It’s frustrating as hell when something so simple proves to be so powerful, yet a lot of people get sucked into indicator hell. It might be a slow process for me but I am ...

Strat's Long Term Stress Free Trading

Hi Swami, i think you may have misunderstood my post. I don't have my charts infront of me at the moment but i meant to say that if the price can find support around its current level, then the opportunity is there to go long with a target of 79.47.

Strat's Long Term Stress Free Trading

cadjpy — For what it’s worth BG, here’s my opinion: In terms of side to side S/R on the daily I think it’s in no man’s land to a degree, although if it can find support off the BOSS 20 then perhaps look at a long up to previous resistance at ...

Strat's Long Term Stress Free Trading

USDCAD — Analysis: Weekly: has struggled to find buyers above 1.2821 for two weeks and price has closed below trend line (white dotted line). Daily: Price is falling and has closed beneath the 20. Minor support at 1.2623 level but Sell Stop ...

Strat's Long Term Stress Free Trading

Hi Strat, thanks for the reply. No I’m not looking at ‘right now’, I’m looking through the pairs thinking of what is being set up. So with EUR/JPY, I can see that its moving up to resistance so over the next couple of days, I’ll be looking for ...

Strat's Long Term Stress Free Trading

Hi Strat, Could you tell which pairs you see with good set ups with no reasoning, and I’ll look and come back with why I think they’re tradeable, because at the moment (and I am trying to learn to very picky about my entries) I cannot see any ...

Strat's Long Term Stress Free Trading

USD/CHF — DHLC off PPZ forming on Daily USD/CHF (GMT). Potential short down to 61 Fib level at 1.1550, which is also a PPZ (confluence), with stop at 1.1980. What's wrong with this? It's using the Sunday bar as half of the DHLC. In two minds ...

Strat's Long Term Stress Free Trading

Thanks for the insight ito the USD/JPY trade Strat. To be honest i'm still looking at how much i can make, rather than lose, so this is something i certainly need to work on. Cheers Dan

Strat's Long Term Stress Free Trading

Thanks Bundy. I'm a recovering 15M trader so patience is something i have to learn. Can i just ask further, if you (or i or anyone) had noticed that bar close on Thursday evening as per my chart, would you have placed the Buy Stop at the level i ...

james16 Chart Thread

Thanks for your feedback Mike.

james16 Chart Thread

So you're looking for a break to the upside of the monthly inside bar, not far above the 141 mark?

Strat's Long Term Stress Free Trading

It doesn't look as attractive on the weekly as its not a swing high or low. I don't trade the weekly though as im just getting up to speed with the daily bars.

Strat's Long Term Stress Free Trading

Hi Baba, i sense from your phrasing that there's something on the weekly to make me question my daily but i'm not really seeing anything to disuade me - it's still a pin (or hammer) upto resistance. I appreciate it is against the overall trend but i ...

Strat's Long Term Stress Free Trading

First Post — Hi all, long time reader, first post. Missed this one on Thursday evening/Friday morning. 48 hour pin bar around pivot level (grey box - above that i've drawn what the pin would look like over 48 hours). Ideal opening would have ...

james16 Chart Thread

GBPJPY — Missed this one on Thursday evening/Friday morning. 48 hour pin bar around pivot level (grey box - above that i've drawn what the pin would look like over 48 hours). Ideal opening would have been a Buy Stop at 136.55 with a target of ...

Strat's Long Term Stress Free Trading

Cable — After Cable closed at support yesterday following a neutral doji (my data), todays bar looks like closing above previous resistance (yellow dotted line). This to me would suggest a long play up to the 20EMA, which also happens to be at ...

Strat's Long Term Stress Free Trading

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Strat's Long Term Stress Free Trading