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Strat's PASR Long Term, Stress Free Trading

  • #1,641
  • Jan 10, 2018 12:18pm Jan 10, 2018 12:18pm
Quoting strat
USDJPY H1 {quote} Good to see you back, Yomi
Thanks, and good to see you too.
Time always comes before price
  • #1,642
  • Jan 10, 2018 2:13pm Jan 10, 2018 2:13pm
Quoting TerryDawe
Strat, I know the periscopes and depth gauges provide a strong area of S/R at their extreme low/high as you point out. Maybe not as significant but would you consider the opposite end of these bars of importance for S/R levels as well?
Yes
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,643
  • Jan 10, 2018 2:15pm Jan 10, 2018 2:15pm
PASR

Quoting patrick25
Hi Strat, Just login to say Hi and Welcome back. I finally find my comfortable way to trade now after so many years trying. The way I am trading now is starting with small perfect of my account and as price continues I will add more positions and no profit targets, I will let price takes me out with profit or loss. After trading this way, I started to understand what Dr. Joe was talking about. Trading is this way taking away two major pressures traders have, risking too much and finding targets. {image} {image}
Hi Patrick, good to see that you finally found your way in forex.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,644
  • Jan 10, 2018 2:17pm Jan 10, 2018 2:17pm
Basic PASR

Quoting HappyTrend
{quote} Continuation: Im not an Expert and in fact im new about PSAR. But.... Thanks to PSAR i can see now Buyers and Sellers in Action and trade Intraday to Long Term at the same time. Of Course.. all my trades are buys until i see some sellers in Ranging or Downtrend. But in Ranging i prefer trade from Support to Resistance because we are in Uptrend... what? WHAT? What a logic thing haha Buy from Support to Resistance. {image} I dont know why i cant do this with other currency....
What a logic thing haha Buy from Support to Resistance.

And its called Basic PASR!
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,645
  • Jan 10, 2018 4:58pm Jan 10, 2018 4:58pm
EURCAD didn't survive out at breakeven. EURAUD survives to breakeven now wait for more.
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  • #1,646
  • Jan 11, 2018 5:50am Jan 11, 2018 5:50am
Long EURGBP at EOD tomorrow on H1 timeframe, BUEB at 2100 hrs ET. Target to resistance, closed this morning for 47 pips.
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  • #1,647
  • Jan 11, 2018 9:32am Jan 11, 2018 9:32am
GBPUSD

PRICE still struggling with resistance of the Weekly Control Candle

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15 YEARS OF PASR ON FOREX FACTORY!
  • #1,648
  • Jan 11, 2018 9:41am Jan 11, 2018 9:41am
EURJPY

Quoting Kohari
{quote} Terry I noticed that one last Friday night after the markets closed. But isn't that just a corrective swing forming? Looking back it's obvious anyone who works the smaller time frames made some easy profits, but for those who trade the daily is it not a situation to wait until price hits the ema's and gains fresh momentum for a new high? please share your thoughts on this or how you have treated that SS at the WCC resistance.
But isn't that just a corrective swing forming?

What PRICE does at these levels will determine whether it is a corrective swing or the start of a down trend

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15 YEARS OF PASR ON FOREX FACTORY!
  • #1,649
  • Jan 11, 2018 9:45am Jan 11, 2018 9:45am
Strat,

Do you or anyone have 5 minute bar timer having an alarm?

Would apreaciate it if you could send it to me.

Frank0
  • #1,650
  • Jan 11, 2018 9:48am Jan 11, 2018 9:48am
AUDUSD

PRICE closed above the Weekly Control Candle and is now testing resistance on its way to Big Boss resistance

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15 YEARS OF PASR ON FOREX FACTORY!
  • #1,651
  • Jan 11, 2018 10:04am Jan 11, 2018 10:04am
USDJPY

A CLOSE below current support will see PRICE test the next lower support

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15 YEARS OF PASR ON FOREX FACTORY!
  • #1,652
  • Edited 1:04pm Jan 11, 2018 10:15am | Edited 1:04pm
NZDUSD H4

Quoting patrick25
Hi Strat, Just login to say Hi and Welcome back. I finally find my comfortable way to trade now after so many years trying. The way I am trading now is starting with small perfect of my account and as price continues I will add more positions and no profit targets, I will let price takes me out with profit or loss. After trading this way, I started to understand what Dr. Joe was talking about. Trading is this way taking away two major pressures traders have, risking too much and finding targets. {image} {image}
Dr. Joe in all his glory! Never a doubt what to do and when to do it on this. Even my one legged, deaf and dumb, blind old man with asthma would have made money on this. Did you catch it?

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15 YEARS OF PASR ON FOREX FACTORY!
  • #1,653
  • Jan 11, 2018 11:02am Jan 11, 2018 11:02am
Hello Strat, im very new holding my positions for "long term" and i have a question that i cant figure it out what is the best thing, but i think the answer must do something about the psychology of each person.

In a Daily Trade, this is a only an Example that comes to my mind:

In a Daily Trade, u place ur buy position... the next Resistance is in 500points.

Day 1) You are P/L +100
Day 2) You are P/L +200
Day 3) You are P/L +350

Lets imagine those 3 candles are full Bullish without a sign of sellers and the next resistance is 150 points from the 3th Day.

Day 4) Big Bearish Candle that go down from ur initial position.

Now in here when do u place the BreakEven for dont let a profitable trade go to negative? Or how u deal with those things?
  • #1,654
  • Jan 11, 2018 11:22am Jan 11, 2018 11:22am
Quoting HappyTrend
Hello Strat, im very new holding my positions for "long term" and i have a question that i cant figure it out what is the best thing, but i think the answer must do something about the psychology of each person. In a Daily Trade, this is a only an Example that comes to my mind: In a Daily Trade, u place ur buy position... the next Resistance is in 500points. Day 1) You are P/L +100 Day 2) You are P/L +200 Day 3) You are P/L +350 Lets imagine those 3 candles are full Bullish without a sign of sellers and the next resistance is 150 points from the...
This is all about an individual's personal style of trading.

Many traders will bring their Stop Loss to break even once their profit equals their Stop Loss. Many will use multiple positions and stagger their profits. Some will trail a Stop Loss. Some will just wait for some sort of profit target to be hit. Some will wait for the higher time frame to profit or take them out. Some will take profit after "x" pips. You have to experiment and find out what works for you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,655
  • Jan 11, 2018 12:15pm Jan 11, 2018 12:15pm
Hello Strat,

I am looking today at USDCAD and see a possibility to short.
Big Boss found support on September at 1.2050, pulled back up and now in down swing.
Boss is in down swing, immediate down trend, below red Start Shadow. As this pair like 200, it got broken last week and now testing as resistance.
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Worker was ranging from October till Christmas. After that broken the range down, now came back to retest Strat Shadow and resistance, and today printing a Shooting Star. I see no arguments to not take this trade. What do you think, Strat?
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  • #1,656
  • Jan 11, 2018 1:02pm Jan 11, 2018 1:02pm
USDCAD

Quoting BaliuxXx
Hello Strat, I am looking today at USDCAD and see a possibility to short. Big Boss found support on September at 1.2050, pulled back up and now in down swing. Boss is in down swing, immediate down trend, below red Start Shadow. As this pair like 200, it got broken last week and now testing as resistance. {image} Worker was ranging from October till Christmas. After that broken the range down, now came back to retest Strat Shadow and resistance, and today printing a Shooting Star. I see no arguments to not take this trade. What do you think, Strat?...
Good to see you here, Donatas!

Be careful! New York, and therefore the Worker candle, has not CLOSED yet so we can't make a decision until it does. Also, it is nothing like a Shooting Star - at best it is a doji unless something happens in the next 58 minutes
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,657
  • Jan 11, 2018 1:15pm Jan 11, 2018 1:15pm
USDCAD M5

For the Playboy:

Which is EASIER and LESS STRESSFUL to trade - THIS, or what you did?

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15 YEARS OF PASR ON FOREX FACTORY!
  • #1,658
  • Jan 11, 2018 2:02pm Jan 11, 2018 2:02pm
Quoting strat
USDCAD M5 For the Playboy: Which is EASIER and LESS STRESSFUL to trade - THIS, or what you did? {image}
Hi, Strat!

That was my only trade today. I am still on vacation mode, but still looking at charts a couple of minutes a day, and pulling the trigger when/if I see something. When I feel comfortable trading M5, for sure this thread is where I am gong to do it. Indeed, the Strat Shadow is a great visual aid. Thanks for the post! It shows and reminds me how the market can be squeezed of pips every single day.
  • #1,659
  • Jan 11, 2018 2:03pm Jan 11, 2018 2:03pm
Whether or not the EURJPY is a corrective swing or not, a short using the SS would have provided 290 pips. If using the lower H1 time frame, several add ons were also presented.
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  • #1,660
  • Jan 11, 2018 3:28pm Jan 11, 2018 3:28pm
Quoting strat
{quote} This is all about an individual's personal style of trading. Many traders will bring their Stop Loss to break even once their profit equals their Stop Loss. Many will use multiple positions and stagger their profits. Some will trail a Stop Loss. Some will just wait for some sort of profit target to be hit. Some will wait for the higher time frame to profit or take them out. Some will take profit after "x" pips. You have to experiment and find out what works for you.

Thank you, the same answer that i tell to myself.
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