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- Michael-SPA replied May 12, 2012
Spinner I can be angry sometimes with the markets and with myself but never with a fellow trader. I am just surprised… Yes, there is a right trend concept and it is the one that giving meaning to our analysis with the probabilities of being right ...
Strat's Long Term Stress Free Trading
- Michael-SPA replied May 12, 2012
Monthly Trend — Until we SEE a non failure swing bottom in our charts the Monthly trend is at RANGE. So, Monthly price is ranging at a bigger consolidation triangle. Tell me what is the Direct trend of the Monthly? and why did you ignore it ...
Strat's Long Term Stress Free Trading
- Michael-SPA replied May 12, 2012
2 PERIOD SS & with new data in the chart we've got a 2 PERIOD BEOC. Can you post your chart for comparison???
Strat's Long Term Stress Free Trading
- Michael-SPA replied May 11, 2012
1. Monthly trend is at a tradeable range and monthly direct trend down ON MY CHARTS and on another 4 brokers charts. 2. We obviously follow different approach on S/R identification. My approach saved my account. 3. 2 period Weekly SS on all 5 ...
Strat's Long Term Stress Free Trading
- Michael-SPA replied May 11, 2012
I will mention only 4 reasons: 1. Monthly direct trend not in sync 2. Weak close below Weekly R 3. The Daily hammer is fighting the Weekly 2 period shooting star 4. Where you placed your second buy stop is the FCL (first concern level) If you want ...
Strat's Long Term Stress Free Trading
- Michael-SPA replied Apr 9, 2012
Holidays... why do you need to trade something like that during this period? Even though trading these pairs in the dead zone is not recommended according to my book.
Strat's Long Term Stress Free Trading
- Michael-SPA replied Mar 20, 2012
Thanks for that. It can be so simple as you say "the size" against a weekly support. But this is not the story based on the trading tools I use so I will take the risk.
james16 Chart Thread
- Michael-SPA replied Mar 20, 2012
Free Trade — Partial profit as plan and stop to break even.
james16 Chart Thread
- Michael-SPA replied Mar 20, 2012
Daily PIN — All criteria are met. I will take the risk.
james16 Chart Thread
- Michael-SPA replied Mar 18, 2012
NZDCHF — ALMOST SHOOTING STAR + Chart Pattern: Complex Head And Shoulders Top + ALL S/R above are confirmed + Location: Strong confluence of two WR levels at 0.7580 and 0.7574, TL and the EMA 20. + Weekly trend BEARISH + Direct trend at the ...
james16 Chart Thread
- Michael-SPA replied Mar 15, 2012
I am not a fun of TLs but thanks anyway. The trade closed because it was a counter trend trade due to the Monthly BEARISH trend at a Monthly RANGE. Price approached the confluence of 38.2% FIB of the last leg down and the EMA 100. BUT I will buy the ...
Strat's Long Term Stress Free Trading
- Michael-SPA replied Mar 14, 2012
The EG did not give the chance but I bought some pounds anyway and already stress free.
Strat's Long Term Stress Free Trading
- Michael-SPA replied Mar 13, 2012
I like the save way... — I will probably join you here to buy some pounds, a bit more expensive than you, when and if all my criteria are met. Watching the level marked in yellow. Formations not really my thing, but yes I can see the 14 weeks ...
Strat's Long Term Stress Free Trading
- Michael-SPA replied Mar 11, 2012
I wouldn't trade against a weekly resistance and a big round number directly ahead. In other words I do not want to be the last buyer buying. M.
james16 Chart Thread
- Michael-SPA replied Mar 7, 2012
EG — Nice thread and very bad that is not active. My opinion on this EG pair. -Your are fighting the monthly SS and the weekly 2 candle SS. -The monthly trend is down. -You are against the monthly direct trend. -The weekly has a non failure ...
Strat's Long Term Stress Free Trading
- Michael-SPA replied Mar 4, 2012
eurusd — + Good size + Great location. Formed at swing high at a great confluence of: upper boundary of the downtrend channel, the BRN 1.35, Fib 50.0 of last bearish swing and unconfirmed daily/weekly/monthly resistance levels at 1.3390 + Good ...
james16 Chart Thread
- Michael-SPA replied Feb 16, 2012
UsdCad — The hammer shows the latest sentiment of market participants. It shows the buyers intervention at the weekly support at 0.9933 level that pushed price 2 pips below parity. The 2day BUOC is still in control with the relevant analysis ...
james16 Chart Thread