DislikedGBPUSD M5 PASR Trend Trading: LIVE at the MOVING HARD RIGHT EDGE, where price is jumping up and down BUT, I only jumped in, when the Strat Shadow is showing TOOTH BLADE STRUCTURE.......... Happy Trading, Yomi {image}Ignored
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Strat's PASR Long Term, Stress Free Trading
- #3,242
- Edited 12:10pm Mar 26, 2018 10:45am | Edited 12:10pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
EURCAD
It seems you have greater RISK TOLERANCE than most!
Placed a buy order on Thursday last week above the candle high which got hit this morning.
Thursday is OLD information! Big Boy Sentiment and Emotions change in a heart beat. Only trade the HERE and NOW.
Currently the R:R if price breaks out above resistance is only about 2:1.
Rank amateur trading AGAIN!
From Page 1 of my "old" original thread:
I SEE more reasons NOT to take a trade!
Price has tested that resistance twice now in the last 3 weeks. My old stock trading mentor used to have a little saying. "Two taps is for losers" - i.e. wait for the third test to confirm a breakout.
Forex does not behave like "stocks" - most stock traders only have a "BUY" mentality (Buy and hold until they are $millionaires) - Forex Big Boys ""suck"" stock traders playing with forex into a false sense of security and then take them for all they are worth. Leave your stock stuff for trading stocks!
I'm out and PATIENTLY WAITING for resolution of resistance.
EUR/CAD I've just had a new trade trigger for me today. Placed a buy order on Thursday last week above the candle high which got hit this morning. Trade looks good to me on the worker although the boss is looking extended so a little cautious. Will see how it closes this evening and may reduce my stop. Currently the R:R if price breaks out above resistance is only about 2:1. I'm finding placing orders in the market a much more stress free way to get into a trade. BB - Bullish for the last 2 months and so far this month looking like a bullish close...
Placed a buy order on Thursday last week above the candle high which got hit this morning.
Thursday is OLD information! Big Boy Sentiment and Emotions change in a heart beat. Only trade the HERE and NOW.
Currently the R:R if price breaks out above resistance is only about 2:1.
Rank amateur trading AGAIN!
From Page 1 of my "old" original thread:
I SEE more reasons NOT to take a trade!
Price has tested that resistance twice now in the last 3 weeks. My old stock trading mentor used to have a little saying. "Two taps is for losers" - i.e. wait for the third test to confirm a breakout.
Forex does not behave like "stocks" - most stock traders only have a "BUY" mentality (Buy and hold until they are $millionaires) - Forex Big Boys ""suck"" stock traders playing with forex into a false sense of security and then take them for all they are worth. Leave your stock stuff for trading stocks!
I'm out and PATIENTLY WAITING for resolution of resistance.
15 YEARS OF PASR ON FOREX FACTORY!
- #3,243
- Mar 26, 2018 10:47am Mar 26, 2018 10:47am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #3,247
- Mar 26, 2018 11:58am Mar 26, 2018 11:58am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #3,249
- Mar 26, 2018 1:52pm Mar 26, 2018 1:52pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #3,250
- Mar 26, 2018 4:10pm Mar 26, 2018 4:10pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #3,251
- Edited 4:37pm Mar 26, 2018 4:21pm | Edited 4:37pm
- Joined Aug 2010 | Status: EsikeTrader | 2,227 Posts
Time always comes before price
- #3,252
- Mar 26, 2018 10:07pm Mar 26, 2018 10:07pm
- Joined Feb 2009 | Status: Illegitimi non carborundum | 3,526 Posts
Hello Strat and Company
I have to trade the US session. Did not drag myself out of bed early enough this morning to really even look at it much. Did see that most of my options were sucked dry by the London session.
Did see this however.
According to 5M PSAR for US session, was this a trade?
The first blue line resistance was the sticky spot easily seen on 1hr chart. Or wait for that to break and take second signal? I'm thinking the second signal as it was the lowest risk.
Other than this I did not see much else that was tradable.
I have to trade the US session. Did not drag myself out of bed early enough this morning to really even look at it much. Did see that most of my options were sucked dry by the London session.
Did see this however.
According to 5M PSAR for US session, was this a trade?
The first blue line resistance was the sticky spot easily seen on 1hr chart. Or wait for that to break and take second signal? I'm thinking the second signal as it was the lowest risk.
Other than this I did not see much else that was tradable.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
- #3,253
- Mar 26, 2018 10:13pm Mar 26, 2018 10:13pm
Here is my First post here. Took a WEAT ETF to analyse it will try to post atleast one analysis per week. I see this as opportunity to learn BB: is in long term Downtrend. immediate uptrend price is at strat shadow resistance B: Same long term down trend. immediate trend is uptrend. recently made HH and price above strat shadow. looks like it formed a WCC( Im not yet clear on this concept so pardon me if i'm wrong). W: Immediate uptrend, made a HH recently and price at the start shadow support. Trade Plan. Buy at 1/2 at 6.60 and 1/2 at 6.50 Target...
BB: is in long term Downtrend. immediate uptrend price hit the strat shadow resistance and dropping. 4 more days left for the monthly close . may close as Bearish engulfing bar or bearish outside bar
B: Same long term down trend. immediate trend is uptrend. recently made HH and price is below strat shadow. but last week bar looks like hammer at the support
W: Immediate uptrend, made a HH recently and price is below start shadow but the price looks like consolidating at the support , no lower low yet
as per the plan i added at 6.20 and 6.30. the previous trades are long at 5.90 and reduced at 6.90
BB
B
W
- #3,254
- Mar 26, 2018 10:31pm Mar 26, 2018 10:31pm
GC
I think gold is on the verge of epic bull run if this works out
If the Gold( gold futures) gains 1368 and then backtests it and holds than 1481 is 1st target and 1577 is 2nd target
the chart says it all
BB: price in immediate uptrend and above strat shadow and near the current resistance 1368 with bullish look
B: price in immediate uptrend and above strat shadow recent HH and HL and and near the current resistance 1368 with bullish look
W
rice in immediate uptrend and above strat shadow recent HH and HL and and near the current resistance 1368 with bullish look
all the 3 time frames in sync and ready to take out the resistance at 1368. this will be one epic trade
Im trying to play this with GLD ETF
Buy at 129/130 first target 142 and 2nd target at 150
stops will be below 123 and will be adjusted as trade progresses
BB
B
W
I think gold is on the verge of epic bull run if this works out
If the Gold( gold futures) gains 1368 and then backtests it and holds than 1481 is 1st target and 1577 is 2nd target
the chart says it all
BB: price in immediate uptrend and above strat shadow and near the current resistance 1368 with bullish look
B: price in immediate uptrend and above strat shadow recent HH and HL and and near the current resistance 1368 with bullish look
W
rice in immediate uptrend and above strat shadow recent HH and HL and and near the current resistance 1368 with bullish lookall the 3 time frames in sync and ready to take out the resistance at 1368. this will be one epic trade
Im trying to play this with GLD ETF
Buy at 129/130 first target 142 and 2nd target at 150
stops will be below 123 and will be adjusted as trade progresses
BB
B
W
- #3,255
- Edited 10:59pm Mar 26, 2018 10:42pm | Edited 10:59pm
“Life turns on a dime.” - but whadabout the Shinkansen express?
NZD/JPY
I don't get as much time for this thread as I would like, so not everything I would like to post makes it. I was going to post an analysis/rationale of the trade below, but time and other pressures meant I didn't get round to it over the weekend. Instead, I'll set it as a "Quizz".
On Friday, I entered this trade. Multiple positions, various targets:
( red arrow shows entries, snapped monday morning)
and again monday afternoon:
and again today (tuesday afternoon, kiwi time):
Two positions already closed (for 50 and 100 pips).
In Strats original thread there is some discussion about "stopping a freight train' (as an analogy to picking a change in direction in the forex markets). Indeed, I have previously made comments about the "wisdom" (or lack thereof!) of standing in front of the "midnight express" waving your lantern and/or signalling in semaphore to the driver to stop "dead" in his tracks. Not recommended.
So why, oh why, would I enter long where and when I did (Friday night) into these positions and then head off to bed and sleep soundly, without so much as a "stop" to protect my positions?
Anyone?
Hint: Consult the BIG BOSS and then the BOSS
BTW, Green rectangle bar in the last chart is there to illustrate what my broker does to this pair at week's close of trading - a 25 pip spread over the weekend. Your charts may not have this drop, if your broker has more reasonable weekend spreads.
NZD/JPY
I don't get as much time for this thread as I would like, so not everything I would like to post makes it. I was going to post an analysis/rationale of the trade below, but time and other pressures meant I didn't get round to it over the weekend. Instead, I'll set it as a "Quizz".
On Friday, I entered this trade. Multiple positions, various targets:
( red arrow shows entries, snapped monday morning)
and again monday afternoon:
and again today (tuesday afternoon, kiwi time):
Two positions already closed (for 50 and 100 pips).
In Strats original thread there is some discussion about "stopping a freight train' (as an analogy to picking a change in direction in the forex markets). Indeed, I have previously made comments about the "wisdom" (or lack thereof!) of standing in front of the "midnight express" waving your lantern and/or signalling in semaphore to the driver to stop "dead" in his tracks. Not recommended.
So why, oh why, would I enter long where and when I did (Friday night) into these positions and then head off to bed and sleep soundly, without so much as a "stop" to protect my positions?
Anyone?
Hint: Consult the BIG BOSS and then the BOSS
BTW, Green rectangle bar in the last chart is there to illustrate what my broker does to this pair at week's close of trading - a 25 pip spread over the weekend. Your charts may not have this drop, if your broker has more reasonable weekend spreads.
So why, oh why, would I enter long where and when I did (Friday night) into these positions and then head off to bed and sleep soundly, without so much as a "stop" to protect my positions? Anyone?
your balls are the collective size of 10 people and you have a lot of support
- #3,259
- Mar 27, 2018 4:36am Mar 27, 2018 4:36am
Hi guys Came in all bright eyed and bushy-tailed after yesterday's experience and saw some lovely looking PA on EUR/USD M5: price was trending up and retracing into the strat shadow. I looked at the market and thought about entering twice (2 x ? on the chart), but I stayed out because this was pre-London open and i didn't want to get swung out. The candle marked with the * is the opening bell for London: 9am local time. That would have been brutal! No trade - let's see if a nice short presents itself.... [EDIT: I'm re-reading my post and noting...
I would have entered short at the red arrow (BEEB), after the 1.2443 support break
Target resistance at 1.24
- #3,260
- Mar 27, 2018 5:46am Mar 27, 2018 5:46am
- Joined Aug 2010 | Status: EsikeTrader | 2,227 Posts
Time always comes before price