Multiple position entry — igmal and hcristea, It looks like an entry with three positions with the intention of scaling out of the trade as it moves into profit. I think he was buying multiple positions after the March 17 hammer off support ...

Strat's Long Term Stress Free Trading

From Magellan42: Practicing on demo, I hope.

Strat's Long Term Stress Free Trading

I know of one.... .... put your money in a savings account at your local bank for about 1% annual interest rate. Oh wait -- you can't get rich quick doing that.

Strat's Long Term Stress Free Trading

I was interested in this one too, Larry. There is no obvious strong support here, but it is making HH's and HL's as if price is trying to make a retracement. I'm thinking it would be better to wait and see a more definite indication of the direction ...

Strat's Long Term Stress Free Trading

I think J16 and Strat's thread are the best on FF if you are looking to trade daily timeframes. I have had better results with them than anything I have used so far. Takes time to learn, but worth it. Dave

Vegas Wealth Builder - Part I

I'm in there with you, old buddy. That's the way to stick to your plan. Dave

Strat's Long Term Stress Free Trading

Now what to do? — The question is now... Do you have the conviction of your beliefs to get back in -- right after being burned? The little people are waiting. image

Strat's Long Term Stress Free Trading

I agree. I can see that now. It looked at the time as if price would be more likely to make it down to the 0.9225 area. I basically overlooked the closer support because I was focused on the lower one. In that case the R:R was about 1:1 and it ...

Strat's Long Term Stress Free Trading

I agree. Looking back at it with 20/20 hindsight I should have expected a bounce near the 0.9285 (last swing low close) area since there was strong rejection off the 0.9224 level twice already on the last two swing lows. If I had recognized that and ...

Strat's Long Term Stress Free Trading

To erikte279 : Once you bank half at 1:1 then move your SL to BE you are in a "free trade" after that and no matter what happens you make something. Makes sense. And after that you would watch PA to decide where to close out the other 1/2 is that ...

Strat's Long Term Stress Free Trading

Thanks for your opinions on this, my friends. It seems that we more or less are thinking the same. My plan is to at least move to BE if price has moved to at least 100 pips in profit or puts in a big bar like this. I don't mind so much if it ...

Strat's Long Term Stress Free Trading

AUDCAD Stop Placement — I need some advice on whether I made a misjudgment on the adjustment of the stop on this trade. I entered short on a BEEB at resistance and downtrend line. The bearish Big Boss controlling candle indicated to look to go ...

Strat's Long Term Stress Free Trading

Your explanation of the big boss controlling candles makes it more clear to me what is going on, Strat. As you can see, I'm still trying to understand how the larger timeframes control the action on the shorter ones. I considered your explanation ...

Strat's Long Term Stress Free Trading

eurnzd trendline break — EURNZD looks to be making a move above the downtrend line that started about a year ago. It may not do much since there is some strong resistance at 2.000 but it has put in a triple bottom and might provide some ...

Strat's Long Term Stress Free Trading

Question about controlling bar — Thanks for the clear explanation Craig. Here is what I think I have the confusion about: If I am understanding you correctly, you are saying that it would have been reasonable to trade a short setup here if it ...

Strat's Long Term Stress Free Trading

Controlling candles on big boss — Since some of us are recently discussing the controlling candles on the big boss charts I thought I would bring up a question. Looking at the CADJPY chart it is apparently in a downtrend if you look at it from ...

Strat's Long Term Stress Free Trading

Wow! A year already. Although I'm still taking "one year old" steps I feel like I am making good progress. I have learned more about what it takes to be a successful trader here than anywhere else I have been. I am looking forward to many more ...

Strat's Long Term Stress Free Trading

Good to hear from you again. I seem to recall Strat saying in the past that he has not found much use for the COT.

Strat's Long Term Stress Free Trading

Very good vid — This is very inspirational. Well worth taking the time to watch. Thank you for sharing it with us.

Strat's Long Term Stress Free Trading

USDCHF — I see that resistance now that you mention it. I was looking more at the 1.0940 area, but I see where the strong move down started on August 11 around 1.0850 so that may slam the brakes on this advance if it runs into supply again at ...

Strat's Long Term Stress Free Trading