Disliked{image} Greetings from Idaho. Market here very relaxed and quiet. RufusIgnored
It will be my dream to retire in a countryside with no worries about everyday life..
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MY PASR journey Based on Strat's PASR Trading 76 replies
M5 PASR Trend Trading Strat 95 replies
My PASR Trend Trading Journals 3 replies
A young trader's road to profitability - PASR trading - Live 11 replies
Fibs trading and PASR 0 replies
Disliked{image} Greetings from Idaho. Market here very relaxed and quiet. RufusIgnored
Disliked{image} Greetings from Idaho. Market here very relaxed and quiet. RufusIgnored
DislikedNice one Miku! I also enter a trade in NZD pair last night with a different signal, but got stopped out. NZDUSD H1 Last night at New Your hour, I though I found a very nice short enter at the first blue arrow, Pa happened at resistance and 200 MA, then closed below the shadow. So I enter short and went to sleep. The next day at Asian hour, another nice PA happened at the second blue arrow, but I am working at that time and is not checking the chart.... It is lucky that my stop loss is not far. Although it is a loss trade, I would like to ask was...Ignored
DislikedNice one Miku! I also enter a trade in NZD pair last night with a different signal, but got stopped out. NZDUSD H1 Last night at New Your hour, I though I found a very nice short enter at the first blue arrow, Pa happened at resistance and 200 MA, then closed below the shadow. So I enter short and went to sleep. The next day at Asian hour, another nice PA happened at the second blue arrow, but I am working at that time and is not checking the chart.... It is lucky that my stop loss is not far. Although it is a loss trade, I would like to ask was...Ignored
DislikedNice one Miku! I also enter a trade in NZD pair last night with a different signal, but got stopped out. NZDUSD H1 Last night at New Your hour, I though I found a very nice short enter at the first blue arrow, Pa happened at resistance and 200 MA, then closed below the shadow. So I enter short and went to sleep. The next day at Asian hour, another nice PA happened at the second blue arrow, but I am working at that time and is not checking the chart.... It is lucky that my stop loss is not far. Although it is a loss trade, I would like to ask was...Ignored
In general today EUR made early gains and then sold off.
DislikedEUR/JPY M5 Entered on retrace to SS. Stopped out. Thoughts: Should have been mindful of the BRN 132.00, which was not tested or broken. Those 3 long wicks at worker high were not the most inviting I've ever seen. Not exactly textbook sawtooth either. In general today EUR made early gains and then sold off. {image}Ignored
DislikedNZDUSD H1 {quote} Brian, in addition to the very valuable comments from Darko and Samson: Have another look at your Set Up candle. The long wick and body with a short tail is NOT a candle to initiate trades on. Look at the red candles in the blue boxes prior to yours for examples of red candles we look for. Make sure you can SEE the difference. Now look at the PRICE structure from the bottom. Look at those 2 LARGE green candles in the black box. Those candles are telling you there are BUYERS buying at that PRICE level. Then look at what PRICE does...Ignored
Disliked{quote} Hi Rub, Sorry was away in Devon on a family do this weekend so just catching up on the forum. Wanted to reply to help you hopefully by talking through my thinking on that trade. I'm far from being an expert but have had multiple profitable months in a row now so there will be lots of things I could have done better in the trade. As Strat said try not to beat yourself up about not getting it all yet. It's taken me many years of trying this, that and the other to finally see what's going on and figure out what works for me. I've had multiple...Ignored
Disliked{image} Greetings from Idaho. Market here very relaxed and quiet. RufusIgnored
DislikedNZDUSD H1 {quote} Brian, in addition to the very valuable comments from Darko and Samson: Have another look at your Set Up candle. The long wick and body with a short tail is NOT a candle to initiate trades on. Look at the red candles in the blue boxes prior to yours for examples of red candles we look for. Make sure you can SEE the difference. Now look at the PRICE structure from the bottom. Look at those 2 LARGE green candles in the black box. Those candles are telling you there are BUYERS buying at that PRICE level. Then look at what PRICE does...Ignored
DislikedEUR/AUD M5 Entry on break of support as SS turned negative. Watched it grind down all day then move against me, get stopped out by 1 pip, then it went parabolic and would have made me some pips. Stop too tight? {image}Ignored
Disliked{quote} Just not the right pair I am afraid... All the action was on JPY this morning and on USD this afternoon. How do you go about pair selection if I may ask? EDIT: irrespective of pair selection, look at the big move up before price got back into the red shadow... This was a red flag telling you this pair will stagnate, not a real trend worth taking on M5 in my opinion EDIT2: as a rule of thumb, on a chart with about 100 M5 candes, if price is about as much in the red shadow than in the green shadow, move on to another pair, the market is undecided...Ignored
Disliked{quote} At that time, EUR/JPY was on my list, but was pretty flat whereas EUR/AUD looked like it was moving.Ignored
Disliked{quote} I also trade on M5 but EURJPY didn't look flat to me... {image}Ignored