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Strat's PASR Long Term, Stress Free Trading

  • #5,661
  • Jun 27, 2018 2:14pm Jun 27, 2018 2:14pm
GBPUSD M5 PASR Trend Trading

London traders would have got around 100 pips while New York and PST traders around 60 pips

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,662
  • Jun 28, 2018 1:25am Jun 28, 2018 1:25am
Quoting bistolis
{quote} On the tax part, how is currency trading being taxed in your countries ?
Think the answer is to find a good accountant. I have asked a couple of different ones here and got different answers.
  • #5,663
  • Jun 28, 2018 4:37am Jun 28, 2018 4:37am
Quoting brian661
NZDUSD Swing PASR Monthly : Is in a swing bottom Weekly : A hammer and a double bottom formed on support Daily : Yesterday is a hammer and today is a BUEB Plan : Buy and target at swing high, risk ratio 1:4 {image} {image} {image}
Update on trade

Got out at the break of support, -177pips

Was my analysis incorrect? Or just impossible to get 100% correct?

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  • #5,664
  • Jun 28, 2018 5:10am Jun 28, 2018 5:10am
A possible trade on EURGBP.
Big Boss.
We have a likely bullish hammer-like candle forming - this will be confirmed at the close of markets 2moro.
This bond like hammer is presently at a confluence of the intersection of a major Resistance and a Trend line.
The Strat Shadow is also supporting this upward bias.
Even if it closes above the Resistance level there is another hurdle at the 0.900ish area to contend with.
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Boss.
Consolidating on last week bullish upward drive
Strat Shadow acting as support on this week yet to close bullish candle
At a confluence area of the intersection of a strong Resistance and Trend line
An obvious breakout from a 5 weeks long WCC on the upside
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Worker
The worker is also upwardly bias at the intersection of the same Resistance and Trendline as her both bosses
It looks more as a ranging market structure than a trending one.
Will be interesting to note where she closes at the end of NY market today
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Action
Looking at the trade on hindsight, one could have entered on a buy stop on last Fridays BUOB/BUEB candle.
For now i have to wait for close of the BB and B 2moro and trade accordingly with possible PA.
Thank you
Emeka
  • #5,665
  • Jun 28, 2018 5:31am Jun 28, 2018 5:31am
Quoting brian661
{quote} Update on trade Got out at the break of support, -177pips Was my analysis incorrect? Or just impossible to get 100% correct? {image}
I took a loss too ...

I think that we missed a weekly resistance around 0.6915, and entry point is very near strat shadow acting as resistance too ... It is easier to find reasons not to take the trade when it is closed ...

by the way, impossible to be 100% correct
  • #5,666
  • Jun 28, 2018 6:34am Jun 28, 2018 6:34am
Quoting Bestof27
{quote} I took a loss too ... I think that we missed a weekly resistance around 0.6915, and entry point is very near strat shadow acting as resistance too ... It is easier to find reasons not to take the trade when it is closed ... by the way, impossible to be 100% correct
In addition,
The Boss closed as a hammer on my chart (though red candle hammer)
Since we take our cue from her, i would have entered a buy stop 10pips above the hammer
So the trade would not have been filled.
And is it correct to trade a structure that is already at Resistance upward?
But this would have been me trading the Boss and not the Worker.
Forgive my musing.
Thank you
  • #5,667
  • Jun 28, 2018 6:43am Jun 28, 2018 6:43am
Quoting Rub
{quote} Think the answer is to find a good accountant. I have asked a couple of different ones here and got different answers.
Each Country, States and Provinces have different tax laws on trading so find an accountant that specialises in trading rather than a general tax accountant.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,668
  • Jun 28, 2018 6:48am Jun 28, 2018 6:48am
NZDUSD

Quoting brian661
{quote} Update on trade Got out at the break of support, -177pips Was my analysis incorrect? Or just impossible to get 100% correct? {image}
5 months of selling - why would you even THINK about buying?

Plus there was no PASR to go long!

And, YES, it is IMPOSSIBLE to be 100% correct!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,669
  • Jun 28, 2018 6:52am Jun 28, 2018 6:52am
Quoting brian661
{quote} Update on trade Got out at the break of support, -177pips Was my analysis incorrect? Or just impossible to get 100% correct? {image}
Quoting Bestof27
{quote} I took a loss too ... I think that we missed a weekly resistance around 0.6915, and entry point is very near strat shadow acting as resistance too ... It is easier to find reasons not to take the trade when it is closed ... by the way, impossible to be 100% correct

I spent some time looking at your post remembering why I did not take this trade.

I have become a big believer of the boss chart.

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The candle with the blue line was forming looking like a lot of pressure down. Another thing I have become warry of are large moves on Fridays, especially ones caused by news days or profit taking. It seems Fridays are weird sometimes and want to see something on Monday to confirm Friday.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,670
  • Jun 28, 2018 6:52am Jun 28, 2018 6:52am
EURGBP

Quoting 2hpriest
A possible trade on EURGBP. Big Boss. We have a likely bullish hammer-like candle forming - this will be confirmed at the close of markets 2moro. This bond like hammer is presently at a confluence of the intersection of a major Resistance and a Trend line. The Strat Shadow is also supporting this upward bias. Even if it closes above the Resistance level there is another hurdle at the 0.900ish area to contend with. {image} Boss. Consolidating on last week bullish upward drive Strat Shadow acting as support on this week yet to close bullish candle...
Out of all the pairs there are, why would you trade this mess?

I wouldn't trade this in my worst nightmare!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,671
  • Jun 28, 2018 7:04am Jun 28, 2018 7:04am
GBPCAD M5 PASR Trend Trading:



LIVE at the MOVING HARD RIGHT EDGE.........




Happy Trading,
Yomi.
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Time always comes before price
  • #5,672
  • Jun 28, 2018 7:24am Jun 28, 2018 7:24am
Quoting strat
EURGBP {quote} Out of all the pairs there are, why would you trade this mess? I wouldn't trade this in my worst nightmare! {image}
Noted.

Thank you
Emeka
  • #5,673
  • Jun 28, 2018 2:06pm Jun 28, 2018 2:06pm
NZDCAD M5 PASR Trend Trading

Even my one legged, deaf, dumb and blind old man with asthma could have made money with this:

70 pips for London traders

35 pips for New York traders and bugger all for PST traders.

This is a CLASSIC example of my M5 PASR Trend Trading strategy

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,674
  • Jun 28, 2018 11:46pm Jun 28, 2018 11:46pm
For both of these I can see strat has already replied with the relevant images. Still, may as well up my post count!

Quoting brian661
{quote} Update on trade Got out at the break of support, -177pips Was my analysis incorrect? Or just impossible to get 100% correct? {image}
From big boss to worker it's been down for the last 6 months. Why would you try to pick a reversal or go counter trend?


Quoting 2hpriest
A possible trade on EURGBP. Big Boss. We have a likely bullish hammer-like candle forming - this will be confirmed at the close of markets 2moro. This bond like hammer is presently at a confluence of the intersection of a major Resistance and a Trend line. The Strat Shadow is also supporting this upward bias. Even if it closes above the Resistance level there is another hurdle at the 0.900ish area to contend with. {image} Boss. Consolidating on last week bullish upward drive Strat Shadow acting as support on this week yet to close bullish candle...

I can't see a reason to trade this yet. It's pretty much been ranging for the last 8 or 9 months.
  • #5,675
  • Jun 29, 2018 12:20am Jun 29, 2018 12:20am
Quoting Rub
For both of these I can see strat has already replied with the relevant images. Still, may as well up my post count! {quote} From big boss to worker it's been down for the last 6 months. Why would you try to pick a reversal or go counter trend? {quote} I can't see a reason to trade this yet. It's pretty much been ranging for the last 8 or 9 months.
You are right my friend
Repetition they say is for emphasis
My Coach has already shown me that
Appreciate you all the same

Emeka
  • #5,676
  • Jun 29, 2018 1:38am Jun 29, 2018 1:38am
M5 GBP/NZD 50PIPS

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  • #5,677
  • Jun 29, 2018 1:41am Jun 29, 2018 1:41am
I could have gotten more if I had waited for the next resistance, but my people took over

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  • #5,678
  • Jun 29, 2018 1:48am Jun 29, 2018 1:48am
Quoting landax
I could have gotten more if I had waited for the next resistance, but my people took over {image}
Still some nice work! Just a matter of making it routine both in practice and in your head.
  • #5,679
  • Jun 29, 2018 1:51am Jun 29, 2018 1:51am
Quoting Rub
{quote} Still some nice work! Just a matter of making it routine both in practice and in your head.
Thank you Rub!

I'll have 1 month of free time for myself, I'll have to train again and again in demo to improve myself.

Difficult to practice PASR when my life is loaded
  • #5,680
  • Jun 29, 2018 2:16am Jun 29, 2018 2:16am
Quoting landax
M5 GBP/NZD 50PIPS {image}
That was a good entry point and nice price action at the support and shadow.
Bit lucky though. The UK news if it had come out red, would have given you a different result!
Always be aware of the news events and personally I don't trade an hour either side on small time frames. 50/50 gable around news.
Study enough and it all starts looking like the Matrix...
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