Strat's PASR Long Term, Stress Free Trading

Quoting Victoria2017

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My trade today: Short 2 positions EUR/USD @ 1.6862 @ Sydney Australia time @ 13:23 Reason to trade: All three time frames are down trend. Big Boss (Daily): last candle stick is BEEB. {image} Boss (4H): two dojis, one of them can be treated as Shooting Star. {image} Worker (1H): last candle stick is BEOB {image} Trade plan: TL @1.17022, TP 1 @1.1668, and move the TL of another position to break even. TP 2 @1.6848 EDIT 1: TL @1.17002 not @1.17022 Result: Existed position 1 on the TP1, then position 2 was stopped out on the break even price. Any comments?...

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Quoting Rufus

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{quote} Forgot the books. There have been many. Of course there is the standard many read, Trading In The Zone or as Strat call TITZ.... This one is kina wordy to me and at times hard for me toread. I have the Audio version of it as well and when I'm on a long road trip will listen to it at times. The Art of The Trade -- one of my favorites but hard to find at times. What I learned Losing A Million Dollars-- been awhile since I read this one but quite an eye opener Reminiscences Of A Stock Operator-- About Jessie Livermore Ego is The Enemy The Obstacle...

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Quoting Rufus

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{quote} Forgot the books. There have been many. Of course there is the standard many read, Trading In The Zone or as Strat call TITZ.... This one is kina wordy to me and at times hard for me toread. I have the Audio version of it as well and when I'm on a long road trip will listen to it at times. The Art of The Trade -- one of my favorites but hard to find at times. What I learned Losing A Million Dollars-- been awhile since I read this one but quite an eye opener Reminiscences Of A Stock Operator-- About Jessie Livermore Ego is The Enemy The Obstacle...

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Quoting darko2010

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{quote} Victoria, You are using the 3 TF strategy, well done. However, if you look at the Weekly: - we are in a tight WCC and this pair has not really moved in weeks and has no macro reason to move anytime soon - if it were to move, given that we are at support, I would rather look for long opportunities PS: GBPUSD did not really go down, did it? {image}

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Quoting fxlrich

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GBP/NZD analysis Possible short {image} {image} {image} {image}

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Quoting brian661

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An analysis on GBPCAD Monthly : Immediate trend is down and last month is a pull back candle at the resistance Weekly : Forming H-L-LH. Last week slightly closed under shadow. But is at the bottom of weekly candle Daily : ranging at the bottom of WCC Plan A : if on daily, price action show at the EMA200 and shadow, will enter short Plan B : if on weekly, the price close under WCC, will enter short {image} {image} {image}

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Quoting brian661

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An analysis on GBPCAD Monthly : Immediate trend is down and last month is a pull back candle at the resistance Weekly : Forming H-L-LH. Last week slightly closed under shadow. But is at the bottom of weekly candle Daily : ranging at the bottom of WCC Plan A : if on daily, price action show at the EMA200 and shadow, will enter short Plan B : if on weekly, the price close under WCC, will enter short {image} {image} {image}

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Quoting Rufus

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{quote} Seems right now the best thing for me to do is drink coffee; unless I am missing something. {image}

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Quoting TerryDawe

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{quote} After thinking about it, wouldn't that candle be a long legged doji and not a dragonfly doji. Not sure that there is a significant difference between the two though.

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Quoting darko2010

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{quote} Victoria, You are using the 3 TF strategy, well done. However, if you look at the Weekly: - we are in a tight WCC and this pair has not really moved in weeks and has no macro reason to move anytime soon - if it were to move, given that we are at support, I would rather look for long opportunities PS: GBPUSD did not really go down, did it? {image}

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Quoting brian661

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An analysis on GBPCAD Monthly : Immediate trend is down and last month is a pull back candle at the resistance Weekly : Forming H-L-LH. Last week slightly closed under shadow. But is at the bottom of weekly candle Daily : ranging at the bottom of WCC Plan A : if on daily, price action show at the EMA200 and shadow, will enter short Plan B : if on weekly, the price close under WCC, will enter short {image} {image} {image}

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Quoting fxlrich

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GBP/NZD analysis Possible short {image} {image} {image} {image}

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Quoting Rufus

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{quote} Our data feeds may be slightly different. No WCC for me. I think your charts may not be NY close. But regardless. Like I mentioned to fxlrich, the big players need to show their hand to you. I look for a decisive move. I have been scanning the daily charts looking for something. Seems right now the best thing for me to do is drink coffee; unless I am missing something. {image}

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Quoting strat

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GBPCAD {quote} Look again Brian: {image}

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Quoting brian661

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5 minute trade on EURAUD +35pips I enter because of: London developed a nice down trend, and at the opening of New York, a BEEB with a pull back candle. Exit at the BUEB above the 4h support {image}

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Quoting Humbucker

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M5 USD/CAD M5 GBP/USD Both trades in London am, similar idea. The market looked a little indecisive this morning, so I patiently waited for direction from the SS. Both pairs retraced to the SS, gave me fairly tight entries, then the market went parabolic in my favour, then formed some quite deep dojis at target level 2 so I exited both for about +15 each. Left pips on the table in each case. I seem to really worry about hanging onto profit, or going into loss when the trade has been in profit. All of the trades swung big time in my direction and...

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