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Strat's PASR Long Term, Stress Free Trading

  • #4,161
  • Apr 25, 2018 4:15pm Apr 25, 2018 4:15pm
GBPNZD

History repeating itself?

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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,162
  • Apr 25, 2018 11:42pm Apr 25, 2018 11:42pm
EURGBP
Quoting Cj.cn
POWER OF TIME FRAME {image} {quote} Hi, Rub Your post give me an opportunity. I will hunt this pair next week. thanks. see my comment below: Boss: {image} 1- On the Boss chart, I read a down TREND LINE. 2- Today is the last day of this week. IF it can be closed below the Support zone, that will be nice to confirm the broken. Worker: {image} I would not take the entry where you mark arrow. Because they are "Sell into Support" for me. I will pend order below the low of last arrow you mark or when the PRICE retrace to re-test the Resistance/Trend Line...
Big Boss
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Where is the Price:
1- Price is at the Support now. It is not good to SHORT.
Let's see where the PRICE will be at the end of this month.

Boss
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Where is the Price:
1- There was one Week candle CLOSED below the Support, but last week it pull back and stopped at 20EMA.
It is not good to SHORT.

Worker
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Where is the Price:
1- The Price is CLOSED below the Support and 20EMA.

I enter a SHORT trade today. Am I "FEAR OF MISSING A TRADE"?

Any comment is welcome.

thanks

best regards
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #4,163
  • Apr 26, 2018 1:08am Apr 26, 2018 1:08am
Quoting Bestof27
{quote} Big Boss made a confirmed swing low Main trend is up, price is less than 200 pips from resistance Boss : price is in WCC I have nothing more to say....
Hi, Bestof27

Main trend is up
Yes, I enter a long trade.

price is less than 200 pips
My SL is 110pips, TP is 180pips, R:R=18:11

price is in WCC
I enter the long trade from the bottom of WCC to top.

thanks for your comment

best regards
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #4,164
  • Apr 26, 2018 1:55am Apr 26, 2018 1:55am
Quoting Cj.cn
EURGBP {quote} Big Boss {image} Where is the Price: 1- Price is at the Support now. It is not good to SHORT. Let's see where the PRICE will be at the end of this month. Boss {image} Where is the Price: 1- There was one Week candle CLOSED below the Support, but last week it pull back and stopped at 20EMA. It is not good to SHORT. Worker {image} Where is the Price: 1- The Price is CLOSED below the Support and 20EMA. I enter a SHORT trade today. Am I "FEAR OF MISSING A TRADE"? Any comment is welcome. thanks best regards
Hi Cj
As far as I m concerned I don't see reasons to enter short this pair
Price is at support, going sideways on the Big boss
Boss made a BUOB at support

So I don't understand... but I m not an expert
  • #4,165
  • Apr 26, 2018 2:15am Apr 26, 2018 2:15am
Quoting strat
GBPNZD History repeating itself? {image}
You are right, this is a very pertinent question.
This calls for a wider question about the long-term value of GBP versus other currencies in light of future agreements on Brexit.

What do we know at this stage:
- The EU was pissed at the UK for the Brexit vote, but this is just a posture. No one cares about EU but the civil servants in Brussels who live off of it
- The UK has historically been the smartest country to protect its interests with other powers. When you live on an island, you learn to survive
- The UK has still a strong military power that could come in handy in the troubled times ahead, especially with Russia scaring the beejezus out of everyone

What does EU have to gain from a hard Brexit: a hollow sense of vindication that is no one's specific victory
What does EU have to gain from a soft Brexit: a large market to sell their junk to and a military ally

I believe that GBP will rally strongly in the coming months against all currencies just because any impact on FX rate caused by political decisions without significant economic consequences (i.e. my soft Brexit scenario) doesn't last that long.

Of course, only PASR will show me the way but it is important to know that behind candles, there are intentions, some of which must be understood to add resolve to (and also pleasure from) what we do.
  • #4,166
  • Apr 26, 2018 2:31am Apr 26, 2018 2:31am
Quoting fxrabbi
{quote} Hi Mate, I makes sure I don't normally enter any trade before the London open, I normally give M15 clear to observe PA, but this time it was some few minutes (4:29) passed London open and I can't resist the break away candle from the Strat Shadow. Happy Trading, Yomi.
Thanks Yomi

I know these exchanges are virtual now and there isn't a physical open, so what time are you taking as the open? I use 9am but obviously the mainland is an hour ahead so it's been 9am for an hour in EU! Brokers are no help at all: mine calls 9am as 11am!! But since I live in London I have the luxury of knowing the time (to go with the cold, the pollution, commuting, property prices etc. ...and bacon sarnies)
  • #4,167
  • Apr 26, 2018 2:38am Apr 26, 2018 2:38am
Quoting darko2010
{quote} You are right, this is a very pertinent question. This calls for a wider question about the long-term value of GBP versus other currencies in light of future agreements on Brexit. What do we know at this stage: - The EU was pissed at the UK for the Brexit vote, but this is just a posture. No one cares about EU but the civil servants in Brussels who live off of it - The UK has historically been the smartest country to protect its interests with other powers. When you live on an island, you learn to survive - The UK has still a strong military...
Man! A vote of confidence for my govt and an assumption of common sense from politicians?!?
  • #4,168
  • Apr 26, 2018 3:03am Apr 26, 2018 3:03am
Quoting Humbucker
{quote} Man! A vote of confidence for my govt and an assumption of common sense from politicians?!?
Politicians are only interested in one thing: survival
The Brits wanted Brexit to make a statement, not the consequences from it.
The French voted against European integration in 2005, guess what, they had it anyway.

Democracy is an illusion, what has been decided by greater powers always prevail and the Brexit vote will just be a 2-year ripple on your charts before things go back to normal
  • #4,169
  • Apr 26, 2018 3:06am Apr 26, 2018 3:06am
Good morning Europe

One shot at this and now back to work
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  • #4,170
  • Apr 26, 2018 3:07am Apr 26, 2018 3:07am
Gj
+20 pips
exit was hastily...
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Persian Gulf forever
  • #4,171
  • Apr 26, 2018 3:13am Apr 26, 2018 3:13am
Quoting bistolis
Good morning Europe One shot at this and now back to work {image}
Well done, I missed it as I wasn't in front of my screens when the SS formed
  • #4,172
  • Apr 26, 2018 3:14am Apr 26, 2018 3:14am
Quoting bistolis
Good morning Europe One shot at this and now back to work {image}
Waiting for a pullback on this now. Quite a few pairs wen't for it out of the gate so need to let them settle a bit.
Study enough and it all starts looking like the Matrix...
  • #4,173
  • Edited 3:39am Apr 26, 2018 3:19am | Edited 3:39am
Quoting samsonwebdes
{quote} Waiting for a pullback on this now. Quite a few pairs wen't for it out of the gate so need to let them settle a bit.
Be careful, looks like a fling to me. The higher TFs tell me to go long (EDIT: not to go short yet)
  • #4,174
  • Apr 26, 2018 3:36am Apr 26, 2018 3:36am
Quoting darko2010
{quote} Be careful, looks like a fling to me. The higher TFs tell me to go long (EDIT: not to go short yet)
Hi Darko,

Forget about this higher TFs stuff, when you are trading this M5 PASR Trend Trading Strategy. The M5 PASR Trend Trading Strategy is a 'stand alone' thing. Strat has said this repeatedly here.


Happy Trading,
Yomi.
Time always comes before price
  • #4,175
  • Apr 26, 2018 3:40am Apr 26, 2018 3:40am
Quoting fxrabbi
{quote} Hi Darko, Forget about this higher TFs stuff, when you are trading this M5 PASR Trend Trading Strategy. The M5 PASR Trend Trading Strategy is a 'stand alone' thing. Strat has said this repeatedly here. Happy Trading, Yomi.
You are right Yomi, overanalysis on my part
  • #4,176
  • Apr 26, 2018 4:07am Apr 26, 2018 4:07am
Quoting darko2010
{quote} You are right Yomi, overanalysis on my part
You just described my life...
  • #4,177
  • Apr 26, 2018 4:16am Apr 26, 2018 4:16am
Quoting Bestof27
{quote} Hi Cj As far as I m concerned I don't see reasons to enter short this pair Price is at support, going sideways on the Big boss Boss made a BUOB at support So I don't understand... but I m not an expert
Hi, Bestof27

me too. not an expert. maybe Strat will ignore me very soon, because I amnot a good student and sometimes cannot follow the rules. You are better than I.

I admit this trade EURGBP isn't a good trade. too earily.

I always want to enter a trade at the initial stage of a trend.

thanks for your comment.

best regards
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #4,178
  • Apr 26, 2018 6:18am Apr 26, 2018 6:18am
PURE PSYCHOLOGY

This is at times like these that I realize I am light years away from calling myself a trader.
I entered long on GU on what seemed a valid signal, although I was aware of the near resistance but I knew that the morning PA pushing price aggressively higher should pulverize that small resistance.
Yet, at the first sign of what anyone would recognize as a minor deceleration on the resistance, I choked and ran for the hills.

What really puzzles me is why I didn't take the following candle which was not only above the H1 resistance but also a very nice BUOB. I am really trying to remember what went in my brain at that moment but it's all blank. Was I so angry at myself that I wanted to punish me? Not confidence into PASR? I don't know. I just know it is purely linked to psychology. I need to keep working on that
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  • #4,179
  • Apr 26, 2018 6:31am Apr 26, 2018 6:31am
Quoting Cj.cn
{quote} Hi, Bestof27 me too. not an expert. maybe Strat will ignore me very soon, because I amnot a good student and sometimes cannot follow the rules. You are better than I. I admit this trade EURGBP isn't a good trade. too earily. I always want to enter a trade at the initial stage of a trend. thanks for your comment. best regards
When I believe I made a mistake entering a trade, I try to exit at BE asap. Better be out than losing money ...
  • #4,180
  • Apr 26, 2018 6:59am Apr 26, 2018 6:59am
Quoting darko2010
PURE PSYCHOLOGY This is at times like these that I realize I am light years away from calling myself a trader. I entered long on GU on what seemed a valid signal, although I was aware of the near resistance but I knew that the morning PA pushing price aggressively higher should pulverize that small resistance. Yet, at the first sign of what anyone would recognize as a minor deceleration on the resistance, I choked and ran for the hills. What really puzzles me is why I didn't take the following candle which was not only above the H1 resistance but...
Strat's comments to me on this seem to reflect the fact that getting out in profit (no matter how small) is the best way to train your little people. The take-home from here is 'ur sh*t rocks' and not 'u suck'. Might help you the next time you see it?
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