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Strat's PASR Long Term, Stress Free Trading

  • #4,521
  • May 4, 2018 9:32am May 4, 2018 9:32am
GBPCAD M5

Not to mess so much with stop loss, lesson learned
Attached Image (click to enlarge)
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  • #4,522
  • May 4, 2018 9:53am May 4, 2018 9:53am
Quoting strat
NZDJPY {quote} PRICE at support on higher, more important time frames
Hello mr strat..i wonder why i cant see that weekly support..need a new pair of glasses already...
thank you for pointing that out sir...still need a lot of reading and understanding...
  • #4,523
  • May 4, 2018 10:01am May 4, 2018 10:01am
GBPCAD M5 PASR Trend Trading

Quoting bistolis
GBPCAD M5 Not to mess so much with stop loss, lesson learned {image}
Not sure I understand. What is the lesson you have learned?
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,524
  • May 4, 2018 10:06am May 4, 2018 10:06am
Quoting strat
GBPCAD M5 PASR Trend Trading {quote} Not sure I understand. What is the lesson you have learned?
I didnt want to move my SL too close and I was fiddling around and I guess I moved it too close
I didnt want to exit there
  • #4,525
  • May 4, 2018 10:10am May 4, 2018 10:10am
GBPCAD M5 PASR Trend Trading

Quoting strat
GBPCAD M5 PASR Trend Trading {quote} Not sure I understand. What is the lesson you have learned?
So this tells me you did not have a PLAN before you entered the trade
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,526
  • May 4, 2018 10:13am May 4, 2018 10:13am
Quoting strat
GBPCAD M5 PASR Trend Trading {quote} So this tells me you did not have a PLAN before you entered the trade
the plan was there . follow PA and if it reaches my daily SR around 1.7350 to exit.
what I was not counting on is my stupidity to protect some profits
  • #4,527
  • Edited 10:35am May 4, 2018 10:22am | Edited 10:35am
Quoting strat
{quote} Is anyone else looking at these pairs? Not on your charts. Why have you changed to this crappy colour scheme?
Seems to be easier on the eyes at night, that's the primary reason I guess.

EDIT: Changed back to light mode, sorry for inconvenience to all of your eyes if they make you uncomfortable!
  • #4,528
  • May 4, 2018 10:31am May 4, 2018 10:31am
Quoting Svolacius
{quote} Seems to be easier on the eyes at night, that's the primary reason I guess. EDIT: Changed back to light mode, sorry for inconvenience too all of your eyes if they make you uncomfortable!
The white background helps as a safety device since "staring" too long at it hurts your eyes. If you don't have the discipline to restrict your time watching charts, your eyes will tell you when its time.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,529
  • May 4, 2018 10:52am May 4, 2018 10:52am
Quoting An_Lie88
NZDJPY close bear breaking H4 support and out of WCC box {image}
I don't think that qualifies as a WCC. The week hasn't ended yet (until in a few hours time).

I hope you didn't enter this trade.
  • #4,530
  • May 4, 2018 10:56am May 4, 2018 10:56am
Quoting MikuSS
{quote} I don't think that qualifies as a WCC. The week hasn't ended yet (until in a few hours time). I hope you didn't enter this trade.
hello miku i am referring to this candle for a wcc candle
but if it is wrong please correct me..
Attached Image (click to enlarge)
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  • #4,531
  • May 4, 2018 10:59am May 4, 2018 10:59am
Quoting bistolis
GBPCAD M5 Not to mess so much with stop loss, lesson learned {image}
Hi Bistolis,
Yes we should not mess with SL during any trade, I have learnt it the hard way as well. If you want to calm down your Little People, you should place it ABOVE a swing high, not BELOW it like what you did.
  • #4,532
  • May 4, 2018 11:01am May 4, 2018 11:01am
Quoting MikuSS
{quote} I don't think that qualifies as a WCC. The week hasn't ended yet (until in a few hours time). I hope you didn't enter this trade.
H4 is looking like this...i did enter the trade..but it missed my TP around 4 pips..so close it manual when M5 break upside of the strat shadow..
Attached Image (click to enlarge)
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  • #4,533
  • May 4, 2018 11:02am May 4, 2018 11:02am
Quoting An_Lie88
{quote} hello miku i am referring to this candle for a wcc candle but if it is wrong please correct me.. {image}
Yes I believe it is wrong. The candle of this week has not yet closed inside the range of he previous weekly candle, so the previous candle does not qualify as a WCC.

Let's not start a ''what is a WCC' thread, and go back and read the thread again.
  • #4,534
  • May 4, 2018 11:04am May 4, 2018 11:04am
Quoting MikuSS
{quote} Yes I believe it is wrong. The candle of this week has not yet closed inside the range of he previous weekly candle, so the previous candle does not qualify as a WCC. Let's not start a ''what is a WCC' thread, and go back and read the thread again.
oh i see...okay..let me do my homework for the weekend...won't clutter this thread with that WCC topic..
thanks for pointing that out sir...
  • #4,535
  • May 5, 2018 12:27am May 5, 2018 12:27am
Quoting strat
EURUSD M5 I managed to squeeze this trade in amongst posting replies this morning This is a 100% PERFECT example of my M5 Trend Trading strategy. No doubts, no questions, no Little People - just make hay WHEN the sun shines and fill your barn up! {image}
hello mr strat..mind if i ask..i understand on the first entry..but at the second arrow..it is near support already...is it more safe if it break the support first before selling...or you look at momentum and just keep selling like what mr joe said sir...
  • #4,536
  • May 5, 2018 2:50am May 5, 2018 2:50am
Hi everyone.

Here's a very small trade I took at the London open on Friday. I exited on PASR for only +12 pips when I saw that big SS and then failure to make a HH. I didn't take any other trades after that since it was red news day and also a Friday. ^^

Have a great weekend.

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  • #4,537
  • May 5, 2018 4:38am May 5, 2018 4:38am
Quoting strat
PASR {quote} psychology may block me from taking valid trades and/or rush me into invalid trades. This is very common and grips all of us when we are inexperienced (and some who are experienced). This is your FEAR of LOSING. This is your Little People trying to PROTECT you and your account. Read and re-read everything I have posted on Trading Psychology and others you can find. Make sure you get your hands on TITZ! I didn't dare This is because you are not sure and not confident in your UNDERSTANDING of my M5 trend trading strategy. Make sure you...
Found this quote Mr strat..i think this post answered my question just now..
  • #4,538
  • May 5, 2018 5:34am May 5, 2018 5:34am
Quoting MrBumpFx
Hi everyone. Here's a very small trade I took at the London open on Friday. I exited on PASR for only +12 pips when I saw that big SS and then failure to make a HH. I didn't take any other trades after that since it was red news day and also a Friday. ^^ Have a great weekend. {image}
Entry is a BUEB?

Good trade
  • #4,539
  • May 5, 2018 5:13pm May 5, 2018 5:13pm
Last week saw the close of the EUR/USD I previously posted and this USD/JPY trade. I was looking for an entry because of the bullish bar off monthly support on the boss.
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  • #4,540
  • Edited 5:33am May 6, 2018 12:26am | Edited 5:33am
Some analysis over the weekend:

USDCAD

BB: The close of April's candle shows a huge rejection at the 1.25 area.

B: This week's candle tested 1.29 resistance. Managed to close a little higher, albeit a doji-looking candle. New WCC created.

Worker: Price is stuck between the high of previous and new WCC, which interestingly coincides at a critical SR area that explains the many indecisive dojis.

Attached Image (click to enlarge)
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Conclusion. Looking bullish due to BB close. However, no bias yet. As usual, will be looking for PASR to buy/sell.
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