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Strat's PASR Long Term, Stress Free Trading

  • #3,721
  • Apr 10, 2018 7:21am Apr 10, 2018 7:21am
Quoting Suran
{quote} ..mmm..Interesting..better go back and do some reading.
Not trying to be cryptic for the sake of it, just trying to help you.
Your first concern should be to preserve capital, therefore identify the risks to your capital when taking a trade.
The 2 main reason traders lose in my opinion:
- trade in the absence of a trend
- sell into support or buy into resistance

If you understand that, you will know more than most
Happy reading
  • #3,722
  • Edited 7:40am Apr 10, 2018 7:28am | Edited 7:40am
Quoting Bestof27
USDCAD M5 May be an other opportunity to sell SL 8 pips {image}
But may be not safe ahead of Red News for USD
Possible exit with 15 pips
  • #3,723
  • Apr 10, 2018 7:46am Apr 10, 2018 7:46am
Quoting catalin_eros
{quote} I did not get it because you said the next target had been created a month ago, not 189 days ago. That is the reason why I was under the impression that you thought I was buying, since one month ago the price was only above yesterday's price. As for that level, I saw it, but I chose to have a hard TP much lower, in case the price wants to go test the lows. A hard TP is not necessarily hit, as I usually trail the price or close the position long before the hard TP. The advantage of it is that a lower time frame trade can be turned into a...
I'm sorry if I do not explain myself, English is not my native language. Have a little patience with me. I do not want to offend you or minimize your entry, just share what I have learned. If in your chart you do not have support or resistances you will not know how far the price can move and what can prevent you from reaching the tp. If for example you want 30 pip, you have to validate that there is nothing in the way that prevents reaching those 30 pip
  • #3,724
  • Apr 10, 2018 8:21am Apr 10, 2018 8:21am
Quoting LuisRicardo
{quote} I'm sorry if I do not explain myself, English is not my native language. Have a little patience with me. I do not want to offend you or minimize your entry, just share what I have learned. If in your chart you do not have support or resistances you will not know how far the price can move and what can prevent you from reaching the tp. If for example you want 30 pip, you have to validate that there is nothing in the way that prevents reaching those 30 pip
Don't worry, Luis, you have not offended me, we're good. This happens when two non-English speakers have a conversation in English - things get misunderstood. Besides, I do not get offended so easily, Strat called me 'a sucker for punishment', and I did not even care. His words are a mild breeze compared to what the market does to me sometimes.

You are absolutely right about knowing where the S/R areas are. In my defense, before taking a trade, many times I just look at the chart to see them, without actually placing the lines. But you are right, it is best to have them placed.
  • #3,725
  • Apr 10, 2018 8:42am Apr 10, 2018 8:42am
USDCAD M5

Possible new sell
SL 7 pips

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  • #3,726
  • Apr 10, 2018 8:47am Apr 10, 2018 8:47am
Quoting Bestof27
USDCAD M5 Possible new sell SL 7 pips {image}
Why not here?
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  • #3,727
  • Apr 10, 2018 8:53am Apr 10, 2018 8:53am
Quoting darko2010
{quote} Not trying to be cryptic for the sake of it, just trying to help you. Your first concern should be to preserve capital, therefore identify the risks to your capital when taking a trade. The 2 main reason traders lose in my opinion: - trade in the absence of a trend - sell into support or buy into resistance If you understand that, you will know more than most Happy reading
Hi Darko,

Thanks for the heads up.really appreciated. But to be honest I am still struggling to see developed trend in the strat's chart..I can see some near term trend developed after LH and LL pattern. but still price, stuck betwn 20 and 50 .that entry was the toughest for me to understand yet. may be after some more training..Back to Path..haha
Focus, Patience, Discipline, Determination and Perseverance
  • #3,728
  • Apr 10, 2018 8:57am Apr 10, 2018 8:57am
Quoting strat
EURAUD & USDCAD M5 PASR TREND Trading {quote} Good job, Giannis but remember, you are only at the beginning of your M5 PASR Trend Trading journey. The more hours you trade M5 PASR Trend Trading, the MORE you will UNDERSTAND and the easier it will become. If you are adding many support and resistance levels then you have not switched OFF Basic PASR trading. We are trading the M5 TREND and NOT from support to support etc. Think about it - if all PRICE did was move from support to resistance it would go NOWHERE and there would be no trading. In a TREND,...
Thank you for your feedbacks !!!
  • #3,729
  • Apr 10, 2018 9:00am Apr 10, 2018 9:00am
Quoting darko2010
{quote} Why not here? {image}
Wanted to do it the Yomi way, at least as I understand it (trend trend trend)
  • #3,730
  • Apr 10, 2018 9:08am Apr 10, 2018 9:08am
Quoting Bestof27
{quote} Wanted to do it the Yomi way, at least as I understand it (trend trend trend)
And now?
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  • #3,731
  • Apr 10, 2018 9:08am Apr 10, 2018 9:08am
Good morning all!!! Coffee in hand.

Probably the only trade for me this morning. Need to head out soon and start in on the grind.

Hey Darko..... Had to fix some cabinets that came incorrect. My invoice for labor was a dollar amount plus a bottle of Scotch.... Bottle of Oban sitting on my desk. I will be thinking of you when I pour a glass tonight.

Attached Image (click to enlarge)
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Have a good day all.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,732
  • Apr 10, 2018 9:22am Apr 10, 2018 9:22am
Quoting darko2010
{quote} And now? {image}
Sure, but the pullback to the strat shadow isn't trend trend trend
But I may be wrong the way I see it ...
  • #3,733
  • Apr 10, 2018 9:22am Apr 10, 2018 9:22am
I have made 35 pips so far today, yet this is a very frustrating day.
I didn't hold my positions as long as I should, I second-guessed myself, my little people held me back.
The fun of happy go lucky trading is fading away, and now comes the part where a good day is about having done my best, which is not the case today so far.
  • #3,734
  • Apr 10, 2018 9:24am Apr 10, 2018 9:24am
Quoting Rufus
Good morning all!!! Coffee in hand. Probably the only trade for me this morning. Need to head out soon and start in on the grind. Hey Darko..... Had to fix some cabinets that came incorrect. My invoice for labor was a dollar amount plus a bottle of Scotch.... Bottle of Oban sitting on my desk. I will be thinking of you when I pour a glass tonight. {image} Have a good day all. Rufus
Nice entry on USDCAD, I was busy on CADJPY when you took it
Oban is a good payment, I'll drink a glass of Kavalan to your good health this side of the pond then.
  • #3,735
  • Apr 10, 2018 9:24am Apr 10, 2018 9:24am
Quoting darko2010
{quote} And now? {image}
To me ..this is pretty much visual.Specially engulfing bar after the black arrow I am confident to jump in .No Brainer type entry for me..
Focus, Patience, Discipline, Determination and Perseverance
  • #3,736
  • Apr 10, 2018 9:26am Apr 10, 2018 9:26am
Quoting Bestof27
{quote} Sure, but the pullback to the strat shadow isn't trend trend trend But I may be wrong the way I see it ...
May I suggest you look at Strat's M5 entries again? There are many examples at the beginning of this thread
  • #3,737
  • Apr 10, 2018 9:29am Apr 10, 2018 9:29am
Quite excited about this one, but way too early to do anything either way
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  • #3,738
  • Apr 10, 2018 9:39am Apr 10, 2018 9:39am
Price now sitting at an area of support. Waiting to see if it can bust through. Cad seems to be the strong currency now.

Attached Image (click to enlarge)
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,739
  • Apr 10, 2018 9:41am Apr 10, 2018 9:41am
USDCAD M5 PASR Trend Trading:



LIVE at the MOVING HARD RIGHT EDGE place..............where the Strat Shadow is showing SAW TOOTH BLADE STRUCTURE like Trend.




Happy Trading,
Yomi.
Attached Image (click to enlarge)
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Time always comes before price
  • #3,740
  • Apr 10, 2018 9:43am Apr 10, 2018 9:43am
Quoting darko2010
{quote} May I suggest you look at Strat's M5 entries again? There are many examples at the beginning of this thread
Yes, you are right about Strat entries, but I m more on Yomi 's style (as I see it) at the moment, so I m looking for small pullbacks in strong trends.
And to be honest I m more focused on long term trading, because I can't stay all day long in front of my screen to monitor M5 trades.
"Bon, il est possible qu'après ça je me prenne un gros missile"
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