Strat's PASR Long Term, Stress Free Trading

Quoting tintin1

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ES BB Analysis Due to the effect of selling in ES, i wanted to have a quick look at where things stand at big picture It hasn't made a LL yet so technically in uptrend Minor supports at 2480( Doji and bullish engulfing) and 2370(doji, insidebar ans bullish engulfing) area Major support at 2100-2150(nice consolidation above previous resistance and bullish engulfing S/R area) area Notice the strat shadow went negative only 2 times in the last 34 years both the times it is a bear market in US Trade Plan buying small at 248 and 238 in SPY, if we hit...

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Quoting strat

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XLU - Utilities ETF {quote} A higher probability and lower risk entry would be to wait for a CLOSE above the Boss Strat Shadow

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Quoting BeeCee

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Hi Team, It has been some time that I had put in charts. I was busy on my day job and in the time I got I was going through the old thread and practising. (Not even 30% yet). Just a test of my understanding, I will only go for a long trade when boss closes above the WCC (marked in green line). When the worker closes above the yellow zone. I would also prefer to break the old DSRi(thin blue line). If this happens, I need to be wary of the elasticity of strat shadow. I am trying to think why I should not take a trade rather than why I should take...

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Quoting strat

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ES {quote} Why not wait for the Boss to find support and then CLOSE above it? There is no rush to lose money

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Quoting darko2010

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EURCAD 5M Let's see where the rabbit hole takes us... PS: my entry is on 5M for R:R but my eyes are on the worker {image} EDIT: For those who couldn't bother looking at the Worker, here is what inspired me {image}

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Quoting strat

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EURCAD M5 PASR Trend Trading {quote} Good job, darko. There were 2 add ons for you later. I'm watching to see if there is anything left for me but it looks doubtful since the Worker has already exceeded ATR (10) - maybe there will be a pull back for me.

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Quoting BeeCee

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Hi Team, It has been some time that I had put in charts. I was busy on my day job and in the time I got I was going through the old thread and practising. (Not even 30% yet). Just a test of my understanding, I will only go for a long trade when boss closes above the WCC (marked in green line). When the worker closes above the yellow zone. I would also prefer to break the old DSRi(thin blue line). If this happens, I need to be wary of the elasticity of strat shadow. I am trying to think why I should not take a trade rather than why I should take...

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Quoting darko2010

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{quote} BeeCee, I don't look at CHF pairs, but when I look at this one, what I see is: BB: Downtrend B: Strong resistance where price has been pushed down three times recently On the Worker, the swing started on March 5 already. If I were to trade this, I would rather look for opportunities to go short Overall, I don't like CHF pairs, is there a reason you picked it?

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Quoting darko2010

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PASR vs Indicators I realize that I need to adapt my trading behavior to PASR after years of indicator-led bad habits. Indicators always signal an entry late and, more often than not, you catch the middle if not the end of a move that PASR would have identified early on. As a result, quitting the habit of rushing to exit trades, instilled after years of bad entries at the wrong time, is something that is crucial to succeed with PASR. Now that I am working consciously on this, I feel my overall trading is changing. First, things are slowing down,...

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Quoting strat

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PASR {quote} Second, instead of trying to identify "perfect" candles, I try to understand the "intent" of the candles. A Hammer, a BEEB or anything else remarkable is the result of intent, the shape is the consequence, not the cause. I call this ""SEEING BEYOND THE CANDLES" - you have come a long way since you first joined us, darko, but be careful not to overthink or over analyse - just trade what you SEE.

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Quoting strat

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USDCHF {quote} Very good, BC Here is the reason why I don't trade CHF pairs anymore - this is the 2nd crash! This one bankrupted several big brokers along with thousands of traders. {image}

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Quoting strat

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EURCAD M5 PASR Trend Trading {quote} maybe there will be a pull back for me.

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Quoting BeeCee

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{quote} Hi Darko, Thanks for the feedback. Bigboss: Yes long term downtrend. However, it has already made a higher low and higher high. Boss: Yes, there is a strong resistance up top. Like I mentioned, I will wait for this week's candle to close above the bullish WCC that is in control. If that closes above, obviously resistance would be broken and there is a huge area to trade. Immediate upper trend confirmation is clear in boss. Worker: The reason why I had old that I would wait for the close of the worker beyond the yellow zone, is because of...

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Quoting darko2010

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{quote} Happy to be of service BC. Your reasoning seems perfectly fine, no argument there. However, if I may, I would steer away from GBPCHF as there is strong correlation between CHF and EUR and and almost no volatility between GBP and EUR, hence unattractive odds for GBPCHF in my opinion.

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Quoting Rufus

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My 5m activity today {image} {image}

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