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Strat's PASR Long Term, Stress Free Trading

  • #941
  • Nov 27, 2017 11:04am Nov 27, 2017 11:04am
USDCAD

Nothing changed End of Week for USDCAD. PRICE is STILL trapped inside a 5 WEEK CONTROL CANDLE

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15 YEARS OF PASR ON FOREX FACTORY!
  • #942
  • Nov 27, 2017 11:56am Nov 27, 2017 11:56am
Today's possible trades
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  • #943
  • Nov 27, 2017 11:59am Nov 27, 2017 11:59am
NZDCAD M5

I don't trade this pair as it is 17th out of 28 on my Volatility list BUT it highlights my M5 trading strategy in a nutshell and to a "T".

London traders would have got 70+ pips per position while New York traders would have got 50+ pips per position. Had I traded it at 6:30 am PST, I would have made 35 + pips per position

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15 YEARS OF PASR ON FOREX FACTORY!
  • #944
  • Edited 12:15pm Nov 27, 2017 12:03pm | Edited 12:15pm
GBPNZD M5

Quoting saad007
Today's possible trades {image} {image} {image} {image} {image}
Have you identified/do you know WHY you exited early? Was it an attack of the Little People?

Still doing good, though, young man!
15 YEARS OF PASR ON FOREX FACTORY!
  • #945
  • Nov 27, 2017 12:14pm Nov 27, 2017 12:14pm
AUDCAD

Not that this pair excites me, but just out of curiosity, let's SEE if PRICE makes it out of THIS Weekly Control Candle.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #946
  • Nov 27, 2017 12:19pm Nov 27, 2017 12:19pm
Quoting strat
GBPNZD M5 {quote} Have you identified/do you know WHY you exited early? Was it an attack of the Little People? Still doing good, though, young man!
Yes I have identified something.

There was a Support level not good enough.A small hammer rejection.But it's not reason to exit.
Still a little bit confused why exited.
Maybe it was my fear affected my trading to getting out positions.
  • #947
  • Nov 27, 2017 12:50pm Nov 27, 2017 12:50pm
GBPNZD M5

Quoting saad007
{quote} Yes I have identified something. There was a Support level not good enough.A small hammer rejection.But it's not reason to exit. Still a little bit confused why exited. Maybe it was my fear affected my trading to getting out positions.
There is your answer! An attack of the LITTLE PEOPLE!

Read all my posts on Trading Psychology, Planning The Trade and also re-visit everything you can find on the Strat Shadow. If you need more on Trading Psychology, let me know, I will see what I can find in my files.

BUT, you did VERY GOOD to not let a profitable, winning trade turn into a losing trade - that is the VERY FINE LINE that our LITTLE PEOPLE prey on.
15 YEARS OF PASR ON FOREX FACTORY!
  • #948
  • Nov 27, 2017 1:00pm Nov 27, 2017 1:00pm
The Path

Quoting Rub
Removed, Strat doesn't want a link to other people here.
Thank you! Back on The Path AGAIN
15 YEARS OF PASR ON FOREX FACTORY!
  • #949
  • Nov 27, 2017 5:13pm Nov 27, 2017 5:13pm
For the Trolls and Thread Hoppers - YES, this is YOU!

This article is excerpted from an archive edition of Market Mastery, written by Chuck Branscomb.

Attached File(s)
File Type: pdf Winners Simply Do What Losers Won't Do.pdf   81 KB | 2,025 downloads
15 YEARS OF PASR ON FOREX FACTORY!
  • #950
  • Nov 27, 2017 5:17pm Nov 27, 2017 5:17pm
Quoting strat
For the Trolls and Thread Hoppers - YES, this is YOU! This article is excerpted from an archive edition of Market Mastery, written by Chuck Branscomb. {image}
That pdf goes along with this quote:

"There are 101 ways to be a bad trader. But they all stem
from an inability to maintain an analytical, objective viewpoint
of the market. During the stress of the trading day, objectivity
is often benched and replaced by any of these: anger, fear, jeal-
ousy, ambition, hesitation, uncertainty, overconfidence, lazi-
ness, depression, and countless other emotions. You as a trader
want to be objective, but when you are playing a high-stakes
game, your survival as a trader is always at stake to a greater or
lesser degree. If you manage to be wrong big enough or long
enough, you are out of the game. It is not hard to see why it is
easy to get into situations in which decisions are not grounded
in reason and logic."---Peter Steidlmayer
If you are good at something, never do it for free--Joker
  • #951
  • Nov 27, 2017 8:07pm Nov 27, 2017 8:07pm
Great post Strat,

Thanks
Terry
  • #952
  • Nov 28, 2017 1:50am Nov 28, 2017 1:50am
Quoting strat
GBPNZD Time to start cashing in on LONGS! {image}

Well, cashing in is ultimately what this game is all about.
But who would be long at these levels?

I was just sitting on the sofa, enjoying the fading light after a perfect summer day, waiting for the cash register to go "Ka-ching" on the second of my "revenge shorts".

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But as STrat does like to say "Trading is boring" - and it is!- so I dozed off (Parliamentary Television running in the background doesn't help keep anyone awake neither!).

Of course. on waking, I do have to check I wasn't dreaming:

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Nope.

There she goes. "Ka-Ching".


Point of my post?
Self-congratulatory back slapping and ego massaging...?

..or, perhaps, just perhaps... did ANYONE notice what chart Strat posted when he sent you that message?

YES!

CORRECT!!

He posted the BOSS!!!

Powerful isn't it?

Now, what's with all the 5 minute charts people are trying to trade from without, I suspect in many cases, even bothering to look at any higher order charts before initiating the trade?
  • #953
  • Nov 28, 2017 2:12am Nov 28, 2017 2:12am
I had some of that too, target 61.8 fib and S/R.
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  • #954
  • Nov 28, 2017 2:15am Nov 28, 2017 2:15am
Quoting trogger
{quote} Well, cashing in ................YES! CORRECT!! He posted the BOSS!!! Powerful isn't it? Now, what's with all the 5 minute charts people are trying to trade from without, I suspect in many cases, even bothering to look at any higher order charts before initiating the trade?

Well, I refuse to stoop to 5 min charts.
15 minutes is the best I can bring myself to even look at:

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Now, anyone who has read (and UNDERSTOOD!) my previous post on NZD/JPY may recall that I waited approx 4 months before collecting on my final entry short on this pair. (And, well worth waiting for it was too!)

So, anyone silly enough to think I am now sitting here glued to the screen watching every tick, panicking on every retracement against my positions shown on a "1 minute" chart?

ANYONE who followed why my TP on the last of my shorts was where it was placed, will understand why I have taken speculative longs.
More importantly, they will know what I have taken longs against. And, because trading IS Speculative, I have already gone "ka-Ching" on the first position. If it keeps going up that is great. If it doesn't, I will still sleep well tonight!

HINT: Do yourself a favour (yep, us antipodeans speak "funny" English - it's favour, not favor!) and PULL UP THE BOSS!!!
  • #955
  • Nov 28, 2017 2:38am Nov 28, 2017 2:38am
[quote=trogger;10518912]
Quoting trogger
{quote} Plan the Trade - and Trade the Plan!...... And, on 17 November: "Ka-ching" - position 4 closed for 700 pips. Remember: PLAN the Trade - and - TRADE the plan.

Speaking of seven hundred pips (and being patient - this position below has also been open for approx 6 months), you might notice the green dotted line on the chart. Yes, last of my "Hokey-Tokey" entries on this pair. Short at 1.0308

Dropped 696 pips to show a low at 0.96119, by my broker, the week before last:


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So,why didn't I cash it in? No. No brilliant undisclosed strategy that I don't wish to share.

I simply forgot to set a TP (too many open positions and sloppiness prevented me checking).
We have now retraced back 100 pips and are at the top of last week's bar. I will (try to remember) to monitor closely from here!

And ALL from the BOSS. Not a 5 minute wonder in sight!
  • #956
  • Nov 28, 2017 2:44am Nov 28, 2017 2:44am
Quoting trogger
{quote} Well, I refuse to stoop to 5 min charts. 15 minutes is the best I can bring myself to even look at: {image} Now, anyone who has read (and UNDERSTOOD!) my previous post on NZD/JPY may recall that I waited approx 4 months before collecting on my final entry short on this pair. (And, well worth waiting for it was too!) So, anyone silly enough to think I am now sitting here glued to the screen watching every tick, panicking on every retracement against my positions shown on a "1 minute" chart? ANYONE who followed why my TP on the last of my...
Hi Trogger, just trying to get an understanding of your entry. At first I wondered why you were taking it with the Big Boss contrary to your direction but found your older posting.
Is it because it is "neither up nor down" (I'll not sing the rest of the rhyme although it's likely to stay with for the rest of the day!) which is reversing off support and then last weeks Boss candle became a Weekly Control but has now being taken over by this weeks candle which opened above it potentially making it the Weekly Control and is breaking above last weeks high?
So actually the Big Boss (near month end) is actually in your direction even though it is currently "bearish"?
Sorry if this seems a daft question!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #957
  • Nov 28, 2017 2:59am Nov 28, 2017 2:59am
[quote=trogger;10536054]
Quoting trogger
{quote} Speaking of ........................................................................... I will (try to remember) to monitor closely from here! And ALL from the BOSS. Not a 5 minute wonder in sight!


Ah...
Inserted Video
  • #958
  • Nov 28, 2017 3:27am Nov 28, 2017 3:27am
Quoting strat
GBPNZD M5 {quote} There is your answer! An attack of the LITTLE PEOPLE! Read all my posts on Trading Psychology, Planning The Trade and also re-visit everything you can find on the Strat Shadow. If you need more on Trading Psychology, let me know, I will see what I can find in my files. BUT, you did VERY GOOD to not let a profitable, winning trade turn into a losing trade - that is the VERY FINE LINE that our LITTLE PEOPLE prey on.
Thank you very much.
I have to develop more on a winning mindset.
I need more on Trading Psychology.
  • #959
  • Nov 28, 2017 3:28am Nov 28, 2017 3:28am
Quoting BeyondTheSea
{quote} Hi Trogger, just trying to get an understanding of your entry. At first I wondered why you were taking it with the Big Boss contrary to your direction but found your older posting. Is it because it is "neither up nor down" (I'll not sing the rest of the rhyme although it's likely to stay with for the rest of the day!) which is reversing off support and then last weeks Boss candle became a Weekly Control but has now being taken over by this weeks candle which opened above it potentially making it the Weekly Control and...
BeyondTheSea eh?

I woulda posted the version by Bobby Darin had I spotted yer post in time!

Righto.

1. Never "daft" to ask.
2. If I recognised what your question was, I would try to answer it.
3. If this weeks candle has taken over last weeks candle, I don't see how last weeks candle could ever have been a "control" candle?
4. Consider the week before last, starting 11 November. Now, that 260 pip candle has the potential to become a "control Candle" for some time.
5. Point 4 above in conjunction with the fact that it stalls at previous support level off the BOSS and BIG BOSS (April and May) is the initial reason I have taken speculative longs.
  • #960
  • Nov 28, 2017 3:47am Nov 28, 2017 3:47am
Quoting trogger
{quote} BeyondTheSea eh? I woulda posted the version by Bobby Darin had I spotted yer post in time! Righto. 1. Never "daft" to ask. 2. If I recognised what your question was, I would try to answer it. 3. If this weeks candle has taken over last weeks candle, I don't see how last weeks candle could ever have been a "control" candle? 4. Consider the week before last, starting 11 November. Now, that 260 pip candle has the potential to become a "control Candle" for some time. 5. Point 4 above in conjunction with the fact that it stalls at previous support...
Can't beat a bit of Bobby now and again..

Thank you for the answer, trying to absorb piece by piece!
Private Msgs are turned off to weirdos, loafs and brain drainers
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