joekurr

Muhhatta, thanks for sharing.

 

I've been studying STAR with the material on this forum, with the intent of signing up to get access to the watchlist and chat once I get a grasp of the material.

 

Specific trade examples like this really help to reinforce (for me) that my time is being well spent.

 

As soon as I can get more proficient with what I have, I look forward to joining you guys in the premium site.

 

Joe

After the cut - we look for the "Move After Cut" or MAC for short.

 

In post #125 I was told to refer to the 5th pic in post #107 (I added it below).

 

http://i.imgur.com/lCPYQ.jpg

 

In it you'll see that the thick green lime gold become more steep and more parallel compared to its move before the cut.

 

I've added a picture below where I put a line across the gold then superimpose it over the move after the cut, and we definitely see it steeper. The lime also gets steeper, but the green does not look steeper, but may be fine (I'm guessing) because the other two got steeper.

 

http://i.imgur.com/U0JXu.jpg

 

The MAC seems to be a VERY important element to look for. A few other posters earlier in this thread mentioned its importance. A MAC that does not demonstrate a steepening may invalidate the traits for a PTS.

 

Hope that helps.

Joe

July 12 7:30 GMT

EU > m15 waiting for retrace

The move after the flip has to move past this point. I'm not sure if its considered the low or the start or if its the same thing.

http://i.imgur.com/IEJrp.jpg

Hi Fxfxfx

 

The following are my takes on the charts posted.

 

For those more knowledgalbe - if I make any mistakes please feel free to correct me.

 

GBPUSD - Hourly

 

The cut cannot occur until the move after the flip has extended past the start of the flip (approx 1.5915)

 

 

USDCHF - 4H

I don't believe the flip can extend past the pivot and still be a valid pivot.

 

 

USDCHF - Daily

 

The cut may be of questionable quality as there was no steppening of the 68s after the cut.

 

 

For the other charts with just pivots and flips, most look ok to me.

 

Joe

"Orientation" I understand it to mean that the slow MAs are in the correct order and moving in the direction of the trend.

Thanks Retry!

 

Right now looking for a sell on EU

 

entry 1.4503

stoploss 1.4524

target 1.4449

 

We'll see what shapes up!

Nobody taking a crack at this one posted up by Captain?

 

I am going to suggest that the MP was moved to Jan 10/2011.

 

If that's right - then using this MP and the appropriate TF traits were found - then a pullback analysis was done on a slower TF to find the entry.

 

The lesson???

 

Maybe that you can use diferent MPs to find potential traits, allowing you to get into trades that haven't completed their traits on a slower TF.

EU m1 > June 17 5:12 w/pb

 

Ok, here's another attempt at finding something.

 

edit: Ok, I think this has now moved to a m2 (m1 x 2x)

 

Unfortunately I have to go out, so I won't be able to see this shape up.

Hi Captain,

 

Thank you very much for your detailed review. It was very generous of you.

 

I have a few questions regarding your review, that I hope you can clarify.

 

 

Question 1

 

Regarding the 1st Pic below.

 

http://i.imgur.com/KPamW.jpg

 

You said you'd consider the cut to be a flip.

 

I zoomed in on the area that I called a cut and the lime green did not cross over the gold to the downside anytime around that area - that's why I only considered it a cut.

 

The gold did turn down by a pip then back up, so should it be considered a flip because of the overall look? Or should it not be considered a flip because the lime green did not cross the gold?

 

Or should it not be considered a good cut because the gold turned down.

 

Sorry for focusing in on this, but it seems key for proper setup.

 

 

 

 

Question 2

 

 

This (post #110) is meant to be evaluate as CSA or STS only. Usually there would be 3 to 5 CSA/STS before a PTS occurred

 

Why is post #110 meant for CSA or STS only (chart reproduced below)?

 

http://i.imgur.com/KqYSM.jpg

 

Is it because the trend extreme did not surpass the trend extreme at Jan 27 16:00? Or is it for another reason?

 

 

Question 3

 

Purple wraparounds invalidate the setup when the purple MA surpasses retrace.

 

So at that point we wait for a deeper pullback, and can do the analysis on that deeper pullback.

 

Or wait for a new trend extreme to form and we'll then repeat the analysis and we'll way for a new pullback off the new trend extreme.

 

Is this correct?

 

 

Thanks again.

Joe

OK, combining this continuation signal:

 

http://i.imgur.com/OZfDr.jpg

 

With a secondary backup:

 

http://i.imgur.com/K45w7.jpg

 

Makes for a decent short entry.

 

The entry would have had at most gone against us 11 pips, and would now be up 80 pips.

 

The think I'm not sure about for the secondary setup is how to pick the timeframe to use.

 

I'm not sure if it was supposed to be 2x the speed of the local timeframe. I thought this was the case, but I haven't seen where I read that. I'm pretty sure I've combed through the secondary material a few times, but can't seem to find it.

 

Also the thing that bothers me with the secondary setup, is that it seems to ALWAYS trigger. I've never seen a secondary setup not trigger a trade. And that's why i put this strategy on this backburner. Because whenever there was a primary continuation signal give, I could ALWAYS get a secondary signal give a reversal. So at the end of the day, there was always the possibility of 2 opposing signals.

 

Even in the secondary setup material, I'm not sure why Tom applies the secondary setup to only the 4th setup, and not the first 3. This seemed a bit off.

 

Of course I may be missing something (most likely) so if anyone has any suggestions, feel free to suggest.

btw - that reversal trade I took at the sl level is now up 55 pips.

 

Maybe there's something to taking an entry on continuation breakouts.

Well from the M2 pullback analysis, I got a continuation of the uptrend.

 

http://i.imgur.com/OZfDr.jpg

 

I don't know how a secondary set up would have faired, so I'll take a look.

Is anyone finding this helpful, or is it just me?

Ok, here's another take on the moves using the M2:

 

http://i.imgur.com/yc7de.jpg

 

It would seem to fit better. In that at least we'd have a full move... but I don't know if that's me forcing the fit, or not.

 

I'm just not sure about how much reorientation needs to be done, and if I've picked the right MP.

 

I guess we'll see if this triggered correctly the short to the downside or not.

I did get out of the 2nd half of the position at BE and reversed my trade to the short side (which is up about 30 pips), but I'll have to figure out where I went wrong with the analysis...

 

I guess its back to the good ol charts.

Shortly after that, the trade was moving up... I thought I was good, simply waiting for a further move up and a cut, but then this happened:

 

http://i.imgur.com/A0N39.jpg

Ok, I'm still trying to work out where to start the analysis after a reversal is given. It seems one thing to find the trade and start the analysis, but it seems like another to know where to exit once in the trade.

 

This is an attempt at the analysis for the EU long that was entered.

 

http://i.imgur.com/OB4ds.jpg

This was the entry trigger:

 

http://i.imgur.com/3Gd7u.jpg

 

1/2 the position was taken at a 30 pip profit (not related to STAR). The remaining 1/2 of the position is being held until I can access a reversal to the downside. I've moved the SL to BE.

 

I'll post shortly about my thoughts after the long.

I managed to take 30 pips on the EU trade, I'll post some charts in the next post.

Another potential trade?

 

eur/usd june 14 17:38 < m1 - looking to enter on 0.764 2x chart. This should trigger soon, with a very tight 10 pip sl.

AUD/NZD < h4 march 4/2011

 

I think this is a potential long setup forming on AUD/NZD.

 

http://i.imgur.com/KqYSM.jpg

 

Right now waiting for the pullback to end to determine the right template to use.

 

If I start getting the hang of this, I may be joining you premium members soon :)

Joe

continued

 

We move to a h8 (h4 x 2x)

 

http://i.imgur.com/ZgINq.jpg

 

But that is still not enough, as the 13s are still crossing over the 68s

 

We go to h12 (d1 x 0.5x) and its still crossing too much, and the gold MA is now moving up instead of down.

 

http://i.imgur.com/M3Sgc.jpg

 

 

We move to d1 and the chart has now got all the 68s moving up (around May 3rd - where we are doing the analysis). So now the chart looks totally different to where we started, which was in our short trade.

 

http://i.imgur.com/HiXRm.jpg

 

 

I'm sure I went down the wrong road somewhere, if anyone can point me in the right direction it would be appreciated.

 

Joe

I've been studying STAR on and off for a while now, and really trying to get it. While I have managed to get into some good trades, getting out is not so good.

 

I'd like to thank retry99 for posting up an example, and I was hoping either he, or anyone else versed in STAR can comment on my analysis through it.

 

I'm going to attempt to walk through the analysis of the AUD/NZD for the short trade retry99 posted - through to current (as it seems that retry99 was still holding at the time of posting).

 

At least this way maybe I can get some feedback to see where I'm going wrong.

 

Thanks in advance.

 

This is the hourly (h1) setup leading up to the short that retry99 mentioned in the previous post. I've marked up the flip and cut, leading to the test for reversal. Please let me know if I'm doing anything wrong here.

 

http://i.imgur.com/KPamW.jpg

 

As the pullback on h1 is too deep, we need to move to h2 (h1 x 2x) to get a proper look:

 

http://i.imgur.com/FS1sP.jpg

 

After that, the template is chosen, and it looks like the PTS reversal criteria is met:

 

http://i.imgur.com/dMnxM.jpg

 

Though in my chart, price doesn't hit the purple, I believe from what Retry99 has said, he did get a spike that did get up to the purple for the entry.

 

Price then moves down from March 9th, then flips back up on the h1.

 

Now one question is, after the entry, do you continue following the trade on a particular timeframe? Or do you start the analysis all over?

 

I've continued with the h1 chart with the standard 13-68, as this was what got us into the trade.

 

Looking at the h1, we see that the chart heads down well, then makes 2 flips.

 

http://i.imgur.com/hF1Rh.jpg

 

Based on those 2 flips, we move to an h2 (h1 x 2x)

 

On the h2, we see a single flip where the 2 flips occured on the h1. Price then moves down, and makes a cut, then moves down further to the point that I believe we would start looking for a reversal.

 

http://i.imgur.com/lCPYQ.jpg

 

This template was chosed based on the move seen in the last chart.

 

http://i.imgur.com/x7l8C.jpg

 

It points to a continuation.

 

Going back to h2, price has crossed over the 68s too much. So we need to move to an h4 chart.

 

http://i.imgur.com/gnlcZ.jpg

 

This is the h4 chart, and we'll now look to see whether there is a reversal or continuation.

 

http://i.imgur.com/kKYLE.jpg

 

This points to a continuation:

 

http://i.imgur.com/ReRcZ.jpg

 

We go back to the h4 and see that price has moved higher still, so we need to go to a higher timeframe:

 

http://i.imgur.com/k29Yx.jpg

 

I'll continue in another post, as a limit of 10 images per post are allowed.

 

Joe