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Strat's PASR Long Term, Stress Free Trading

  • #7,721
  • Oct 15, 2018 10:27am Oct 15, 2018 10:27am
Quoting Victoria2017
{quote} Hi darko, The TF in my post was very confusing. Sorry about it. My second post has explained it. I would like to add explanation more here. Ultimately, I want to trade D1 even W1. However, as a new student in PASR as well as a newbie in Forex, I need to practice PASR skills and trading psychology as much as I can. As Strat said in one post, the 288 M5 candles per day will create more opportunities. I just reduced my working hours to trade. The reduced hours will be particularly used for the M5 trading. I am quite lucky. My work time is flexible...
Thanks Victoria, your second post clarified your first post. However, I believe you are better off watching the TF you want to trade as well as weeks/months/years of historical data rather than looking at a TF like M5 which can be very stressful compared to the Worker.

PS: I am not good at M5, I just lose less on M5
  • #7,722
  • Oct 15, 2018 10:30am Oct 15, 2018 10:30am
CADJPY

Quoting Svolacius
CAD/JPY: Even though CAD dropped significantly during last week against the JPY, there seems to be some interest from the Buyers again, since this pair has been climbing for most of this year. See attached comments on the charts. No PA to act on yet, but I am training my eye to see the buyers and sellers before the move to either side. {image} {image} {image} {image}
Only Rub willing to help - thanks Rub - TRADER HELPING TRADERS

All I see is sideways Basic PASR action and since this pair is 13th on my volatility list, does not earn my margin so I will leave this for you and the rest.

If I didn't have better pairs to trade with my margin, I would be watching Basic PASR setting up on the Worker with a confluence of static support, Strat Shadow support and 200 support ( always find out if this pair uses the 200)
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,723
  • Oct 15, 2018 11:10am Oct 15, 2018 11:10am
AUDJPY

Quoting landax
Hi everyone, I'm back after a hard week (I'm a student so I work for my diploma but I study PASR every night, I even take cold showers to wake me and study this forum aha) Another question that bothering me on the WCC! {image} {image} On this chart AUD/JPY, we can see that the price came out of the WCC but it is not obvious indeed, it is only out of 5 pips So what do you think of that? I hope to post other analyses this week if time allows me Landax
I study PASR every night, I even take cold showers to wake me and study this forum aha

Wait a minute - a French man with a sense of humour? Sacre bleu, mon ami!

we can see that the price came out of the WCC but it is not obvious indeed, it is only out of 5 pips So what do you think of that?

Not a lot!

When this happens, the first thing to question is your data. On my chart, PRICE CLOSED 2 pips inside the Weekly Control Candle.

Next is to REMEMBER that PRICE closing outside of the Weekly Control Candle is NOT, in itself, a PASR Set Up or signal. PRICE closing outside of our Weekly Control Candle alerts us to watch for further PRICE ACTION.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,724
  • Oct 15, 2018 11:30am Oct 15, 2018 11:30am
TIME

Quoting landax
Hi everyone, I'm back after a hard week (I'm a student so I work for my diploma but I study PASR every night, I even take cold showers to wake me and study this forum aha) Another question that bothering me on the WCC! {image} {image} On this chart AUD/JPY, we can see that the price came out of the WCC but it is not obvious indeed, it is only out of 5 pips So what do you think of that? I hope to post other analyses this week if time allows me Landax
I hope to post other analyses this week if time allows me

This post belongs in the trail started by Rub and Eurotrader17:

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 57 KB


This is a huge red flag which tells me which of the 3 categories you are in.

When I was a young stud straight out of University earning my stripes in Mechanical Engineering in the Oil & Gas industry, I always needed help/information from others on my Projects. Many of those I went to always said "I'll get to it when I have time". A few would drop what they were doing and help me/give me the information straightaway. Those few never lasted long in their current job - they went on to become senior, decision making executives in world renowned corporations while some started their own very successful companies.

So,

I hope to post other analyses this week if time allows me

Who CONTROLS your time?
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,725
  • Oct 15, 2018 11:37am Oct 15, 2018 11:37am
LEARNING

Quoting landax
As many of you have said, we must learn every day new things about PASR, work hard, study even more graphics so that we can free ourselves from this routine or work that we do not like in order to have the most beautiful thing of any... time. I am also at the end of my studies and I count if my progression allows me to start my account at 100% in 2 years, time to gain experience. I will progress by studying, but also by questioning myself, by helping others and by getting help. Thank you for allowing me to learn so much about trading
We can LEARN everything and anything we put our mind to.

The question is, "What do we do with what we have LEARNED?"

Unless we APPLY what we have learned, we have NO MEASURE to UNDERSTAND if we have LEARNED correctly.

LEARNING is one thing but being consistently successful with what we have learned is a totally new, world of adventure.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,726
  • Edited 12:22pm Oct 15, 2018 11:58am | Edited 12:22pm
Quoting strat
TIME {quote} I hope to post other analyses this week if time allows me This post belongs in the trail started by Rub and Eurotrader17: {image} This is a huge red flag which tells me which of the 3 categories you are in. When I was a young stud straight out of University earning my stripes in Mechanical Engineering in the Oil & Gas industry, I always needed help/information from others on my Projects. Many of those I went to always said "I'll get to it when I have time". A few would drop what they were doing and help me/give me the information straightaway....
I control my time, I have to find the time, every day or rather every evening I dedicate 1 hour for the study PASR and the study of my graphs.
But if I want to succeed, I must in addition to everything, practice in real constantly by reducing my risk, developing my psychology and control of myself and continuing to study graphics.

Last week was really too busy for me in terms of assessment and "test" at my University and so if I decide to trade, do 100% so this is why I didn't post last week.
Last week I took the time to analyze what happened during my absence and that I will now be more than opportunity to post.

But since several months I realized that I wanted to become a trader on my account. Thing that no one of my classmates or my family thinks possible. For in today's world the salary is considered the most "safe" course, but I do not want this life.

So you can believe me that I do not set out from those who "look" or those "what happened?-" I want to make a difference by working for me, it's the best gift I could get myself.

So you're going to see me here again for quite a while.

Landax
  • #7,727
  • Edited 1:34pm Oct 15, 2018 1:17pm | Edited 1:34pm
EURNZD

Quoting Victoria2017
Strat and PASR traders, Could you please comment on my analysis? I appreciate any words and opinions. Thanks. EUR/NZD analysis for this week. BB: SS green, had higher high, price climbed to S/R 1.79ish and was rejected. It was the highest price in last 3 years. B: SS green, up trend, on the 5th wave. the WCC is a long green candle. W: SS green, up trend, price tested S/R 1.77ish a few times and were rejected. Plan: Watch closely on price 1.77ish. Once there is a long signal, go long with M5 time frame. If the price break down 1.77ish with short...
Did I tell you I once new a girl called Victoria? She really tested my love for my teenage Big Boss - but that is another story hopefully never to be told!

Since I am in PDT zone and 15 hours behind you, I am fortunate that I can see the trail of posts from others and you following this post.

Thank you bistolis, darko and Svolacius for helping - TRADERS HELPING TRADERS

So, based on my understanding that you wish to accelerate your PASR learning process by practicing on M5, here are my comments:

Big Boss: Strat Shadow green, had higher high, price climbed to S/R 1.79ish and was rejected. It was the highest price in last 3 years.

Good, but all that is a statement of FACT. How does/will it help you to trade EURNZD?

Here is how I look at the Big Boss:

PRICE has been in an UP trend since February 2017. Using my Power of Time Frames, how does this help PASR traders?

Strat Shadow green

Good observation BUT, what do you get from this and how will it help you to trade EURNZD?

price climbed to S/R 1.79ish and was rejected

How do you SEE rejection? All I SEE is Big Boy profit taking

It was the highest price in last 3 years.

Good observation BUT, what do you get from this and how will it help you to trade EURNZD?

Boss: Strat Shadow green, up trend, on the 5th wave. the WCC is a long green candle.

Strat Shadow green

Good observation BUT, what do you get from this and how will it help you to trade EURNZD?

on the 5th wave

......................................7,..................8,...................9,............................10! Oh Lord, have mercy and PLEASE give me the STRENGTH to carry on.

PASR TRADERS DO NOT & NEVER WILL TRADE ELLIOTT WAVE THEORY.

Have you caught up on my recent posts regarding EW Theory? Make sure you read them all. I think my latest EW post is Post 7616 so read and UNDERSTAND it, then, when you have UNDERSTOOD IT, read it again until the message is very clear.

PRICE is going to go where the Big Boys drive it despite what any of us think. We don't know "where" that is or "when" it will be.

I can ""FIT"" EW Theory to the Big Boss and Boss in a few different wave formations so that alone tells us of the reliability of EW Theory AND ""my"" interpretation of it.

As I continue to post, PRICE does NOT AND NEVER WILL, follow EW Theory, DOW Theory, GANN Theory or John "Best Trader" Doe Theory. Again, can you imagine an Asset Manager of an Investment Bank or a Hedge Fund Manager looking at his PRICE chart and then telling himself he needs to add EW Theory to show him where to buy/sell? ""Oh, PRICE is at the end of Wave 3 so I had better buy/sell"" Dream on Grasshopper!

The best FIT I can find for EW THEORY is on the Big Boss

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 68 KB


Looks good but I will bet my financial worth that there will be others who think its rubbish and have a totally different view.

BUT, what do PASR traders do ""IF"" that is a correct analysis?

More to the point, what are you going to do with ""on the 5th wave""?

the WCC is a long green candle.

So are most on EURNZD and GBPND pairs.

BUT, what do you get from this and how will it help you to trade EURNZD?

Worker: Strat Shadow green, up trend, price tested S/R 1.77ish a few times and were rejected.

Strat Shadow green

Good observation BUT, what do you get from this and how will it help you to trade EURNZD?

price tested S/R 1.77ish a few times and were rejected.

Good observation BUT, what do you get from this and how will it help you to trade EURNZD?

Conclusion:

This tells me you have good charting skills. It also tells me you have no technical skills. More important it tells me you have no PASR skills

Plan: Watch closely on price 1.77ish. Once there is a long signal, go long with M5 time frame. If the price break down 1.77ish with short signal, go short with M5 and D1 time frame.

This NOT a PLAN! It is as much use as a crack in a glass eye! Go back and read, learn and UNDERSTAND what a REAL Trading PLAN is.

Watch closely on price 1.77ish.

To do what? We can watch PRICE day after day but WATCHING does NOT earn money!

Once there is a long signal,

There are NO SIGNALS in PASR only PASR SET UPS. This is why my thread is not popular with the wiggly, squiggly line crowd (thank goodness) because PASR requires that YOU do ALL the WORK - not the wiggly, squiggly line!

go long with M5 time frame; go short with M5 and D1 time frame.

......................................7,..................8,...................9,............................10! Oh Lord, have mercy and PLEASE give me the STRENGTH to carry on.

It was my understanding that you wished to accelerate your PASR learning process by practicing on M5

If my understanding is correct, why have you posted your findings as if you were to trade the Worker?

None of these time frames influence M5 and, as I have posted over and over, (darko, are you paying attention), M5, like M1 is UNIQUE in that it has its own trends DRIVEN by the Big Boys for a particular period in time on that particular day. The Big Boys have NO INTEREST in where PRICE is on the Worker or any other time frame - they have an agenda for that particular period in time on that particular day to drive PRICE to their target PRICE level whatever that may be.

When I said to use M5 to accelerate the PASR learning process it was AFTER you have learned and UNDERSTOOD Basic PASR, nothing else. Before practicing on M5 you should have already practiced using F12.

Hi darko, I know you are very good with M5

This shows how much attention you have been paying (maybe its a love affair?)

Yomi (fxrabbi) is our ""consistently profitable trader"" on M5 and now, M15

Have you spared a thought for our non native English speaking students? Even I have difficulty with all the abbreviations (and I know them)
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,728
  • Oct 15, 2018 1:52pm Oct 15, 2018 1:52pm
PASR TRADING

Quoting landax
{quote} I control my time, I have to find the time, every day or rather every evening I dedicate 1 hour for the study PASR and the study of my graphs. But if I want to succeed, I must in addition to everything, practice in real constantly by reducing my risk, developing my psychology and control of myself and continuing to study graphics. Last week was really too busy for me in terms of assessment and "test" at my University and so if I decide to trade, do 100% so this is why I didn't post last week. Last week I took the time to analyze what happened...
Thing that no one of my classmates or my family thinks possible.

And they NEVER will because they are STUCK in THEIR comfort zone and cannot SEE past the end of their nose. Forget these NEGATIVE people and surround yourself with POSITIVE people.

For in today's world the salary is considered the most "safe" course,

This used to be in the 20th Century but definitely NOT in the 21st Century. Company loyalty and job security went out the window a long time ago - just ask Nathan (BTS)

I want to make a difference by working for me, it's the best gift I could get myself.

Exactly and you will be the best Boss you could ever be!

So you're going to see me here again for quite a while.

We look forward to your progress on THE PATH
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,729
  • Oct 15, 2018 5:04pm Oct 15, 2018 5:04pm
AUDCAD Worker Trend PASR

Good night everyone,

I saw this pair which has been trending since the end of June and it just marked a shooting star (maybe a doji as it has some noise to the left? nevertheless showing rejection) at resistance, at StratShadow and at the top of the current WCC

WORKER
Attached Image (click to enlarge)
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BOSS
It's in a downtrend and still making a Swing Low since the high of the lowest candle hasn't yet been overtaken.
WCC in control which was a huge Bearish Bar that means a lot of sellers came in and are still in control (ongoing WCC).
Attached Image (click to enlarge)
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BIGBOSS
Price it's in a downtrend but looking at the current candle it seems lots of buyers came in at around 0.91ish support and price it's been rejected.
Also, it seems price is ranging between 0.91 and 1.03.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 71 KB


Conclusion:
I see price it's ranging within WCC so I may try to short for the minimum lot and if price gets lower I could add more positions but we should consider:

  1. We are close to 0.9100 support that seems very strong (resistance and bottom of the ranging period marked by an orange rectangle in BIGBOSS chart)
  2. RiskReward(RR) it's almost 2:1 but maybe we could toggle down to H4 to find a better RR

IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #7,730
  • Oct 15, 2018 5:31pm Oct 15, 2018 5:31pm
Quoting Eurotrader17
AUDCAD Worker Trend PASR Good night everyone, I saw this pair which has been trending since the end of June and it just marked a shooting star (maybe a doji as it has some noise to the left? nevertheless showing rejection) at resistance, at StratShadow and at the top of the current WCC WORKER {image} BOSS It's in a downtrend and still making a Swing Low since the high of the lowest candle hasn't yet been overtaken. WCC in control which was a huge Bearish Bar that means a lot of sellers came in and are still in control (ongoing WCC). {image} BIGBOSS...

Im looking at it too...

In my 360m Chart, im preparing for Long.. but not yet.

15 days left for BigBoss Candle Close but right now i can see a good sign of buyers, in a BigBoss Support (Taking Profit Zone for Sellers).

The Price go lower of BB Candle August 2013 and the price didnt go more lower... that told me in there are New Buyers (Look those Worker Candles from the bottom).

Anyway for me.. is a risk trade going short in a BigBoss Support Zone, knowing that it show a good sign of buyers.
  • #7,731
  • Oct 15, 2018 5:44pm Oct 15, 2018 5:44pm
Quoting strat
TIME {quote} I hope to post other analyses this week if time allows me This post belongs in the trail started by Rub and Eurotrader17: {image} This is a huge red flag which tells me which of the 3 categories you are in. When I was a young stud straight out of University earning my stripes in Mechanical Engineering in the Oil & Gas industry, I always needed help/information from others on my Projects. Many of those I went to always said "I'll get to it when I have time". A few would drop what they were doing and help me/give me the information straightaway....
"A few would drop what they were doing and help me/give me the information straightaway. Those few never lasted long in their current job - they went on to become senior, decision making executives in world renowned corporations while some started their own very successful companies"
I agree with you, Strat! Most of the people that I have seen growing their career faster were the ones that were willing to help others and were eager to teach what they knew not just about work stuff but psychological too. However, there are also many that got into higher positions not because of their kindness but by their guile to take advantage of others work.
Anyway, I only save memories for the first one in order to improve as a person and follow their steps in the future.
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #7,732
  • Oct 15, 2018 11:20pm Oct 15, 2018 11:20pm
Quoting Eurotrader17
AUDCAD Worker Trend PASR Good night everyone, I saw this pair which has been trending since the end of June and it just marked a shooting star (maybe a doji as it has some noise to the left? nevertheless showing rejection) at resistance, at StratShadow and at the top of the current WCC WORKER {image} BOSS It's in a downtrend and still making a Swing Low since the high of the lowest candle hasn't yet been overtaken. WCC in control which was a huge Bearish Bar that means a lot of sellers came in and are still in control (ongoing WCC). {image} BIGBOSS...
I was going to post the same pair. First things first, why did you post in the order of worker, boss, big boss? Analysis should be from the big boss down.

Big boss: Ranging between 0.9100 and 1.030ish, recently been in a downtrend below the strat shadow. Price is well extended from the 20 EMA.

Boss: inside a weekly control candle, testing resistance, currently in a downtrend. Also has price quite extended.

Worker: Testing the strat shadow at the top of a weekly control candle, with confluence of resistance and a gap that has been filled. Price formed a shooting start with a small wick a the bottom, so not perfect, but with a large wick into the resistance zone that was firmly pushed back. Target will be recent low. Here's my charts with bonus EURCAD chart that looks similar but not good enough.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCADMonthly.png Size: 48 KB
Click to Enlarge Name: AUDCADWeekly.png Size: 53 KB
Click to Enlarge Name: AUDCADDaily.png Size: 39 KB
Click to Enlarge Name: EURCADDaily.png Size: 40 KB
  • #7,733
  • Oct 16, 2018 3:10am Oct 16, 2018 3:10am
Quoting Svolacius
{quote} It's true about the trading opportunities on M5 rather than on Worker. However, I think that M5 is best used when you understand Basic PASR and Swing PASR as well as trading psychology first. That is the main reason why I do not trade M5 - it's just mentally too much, you've got to act quick and when you're just learning Basic or Swing PASR, M5 Trend Trading might be too difficult to handle. That's why I think Worker (or H4 as well) allows you to get better at controlling your Little People and allows you to make proper decision making which...
Thanks Svolacius.
I went back to read PASR from the beginning today. The time frame plays such an important role in PASR. Three of you (bistolis, dako and you) are really good PASR students. You pointed out the problem straight away.
I will take your words seriously and find out my comfortable time frame.
We don't see things as they are, we see them as we are.
  • #7,734
  • Edited 4:11am Oct 16, 2018 3:39am | Edited 4:11am
Quoting strat
EURNZD {quote} Did I tell you I once new a girl called Victoria? She really tested my love for my teenage Big Boss - but that is another story hopefully never to be told! Since I am in PDT zone and 15 hours behind you, I am fortunate that I can see the trail of posts from others and you following this post. Thank you bistolis, darko and Svolacius for helping - TRADERS HELPING TRADERS So, based on my understanding that you wish to accelerate your PASR learning process by practicing on M5, here are my comments: Big Boss: Strat Shadow green, had higher...
Thank you very much Strat. All those words are great lecture notes for me. I read this post four times. There are a few hammers, which let my mind becomes clear.

Good observation BUT, what do you get from this and how will it help you to trade EURNZD?
This is some thing I need to fix when I do my analysis now. It will be improved in the next post I believe.

This NOT a PLAN! It is as much use as a crack in a glass eye! Go back and read, learn and UNDERSTAND what a REAL Trading PLAN is.
More important it tells me you have no PASR skills
I started to read PASR from very beginning again today.

M5, like M1 is UNIQUE in that it has its own trends DRIVEN by the Big Boys for a particular period in time on that particular day. The Big Boys have NO INTEREST in where PRICE is on the Worker or any other time frame - they have an agenda for that particular period in time on that particular day to drive PRICE to their target PRICE level whatever that may be.
I need to process your words and think about how to take advantage of this situation. Do you mean I shouldn't limit my M5 trade on Tuesday, Wednesday and Thursday?

When I said to use M5 to accelerate the PASR learning process it was AFTER you have learned and UNDERSTOOD Basic PASR, nothing else. Before practicing on M5 you should have already practiced using F12.
Apart from working hard on my reading and learning, I am going to use the software I bought to practice the Basic PASR from the historical data. What does F12 mean?

Have you spared a thought for our non native English speaking students? Even I have difficulty with all the abbreviations (and I know them)
My apology. I am one of them and was (sometimes still is) struggled the abbreviations. I will be aware about it in the future.
We don't see things as they are, we see them as we are.
  • #7,735
  • Oct 16, 2018 3:50am Oct 16, 2018 3:50am
Quoting Victoria2017
Do you mean I shouldn't limit my M5 trade on Tuesday, Wednesday and Thursday?
Victoria,

My friendly advice is this: pick one TF (M5, M15, H1, H4, Worker) and only focus on it with the relevant rules I described in a previous post yesterday.
The more you observe, the more your brain will process and learn, irrespective of what TF you choose.
But don't make the mistake I made and try to be a Jack of all trades, you end up being a master of none.

M5/M15 teaches you how price evolves typically within the Strat Shadow, and that is for trend trading only
The others TFs teach you to understand the power of timeframes and how higher TFs show you to take a trade on the TF you selected
See which TF appeals to you, and this is really a personal matter, and be the best at it
I hope this helps
  • #7,736
  • Oct 16, 2018 3:52am Oct 16, 2018 3:52am
Quoting Victoria2017
{quote} Thank you very much Strat. All those words are great lecture notes for me. I read this post four time. There are a few hammers, which let my mind becomes clear. Good observation BUT, what do you get from this and how will it help you to trade EURNZD? This is some thing I need to fix when I do my analysis now. It will be improved in the next post I believe. This NOT a PLAN! It is as much use as a crack in a glass eye! Go back and read, learn and UNDERSTAND what a REAL Trading PLAN is. More important it tells me you have no PASR skills I started...
hi
if you use MT4 and move your charts back in time, to some date in the past, then you can go forward on the chart one candle at a time by pressing F12 on the keyboard
although the best way to do it is to watch live the candles forming
If you have a software that can replay historical data (and allows to switch between timeframes at the same time) it should be a closer simulation to reality. I dont even know if such thing exists though. I prefer live charts. Be very careful of how the human brain "finds" so easy to see trades when you have all the candles printed AFTER the fact. Hindsight/confirmation bias is very very powerful
  • #7,737
  • Oct 16, 2018 4:00am Oct 16, 2018 4:00am
I havent shared a book for some time now.
So here is one that is a good read for everyone. Suranga this is for you
Attached File(s)
File Type: zip What I Learned Losing a Million Dollars by Jim Paul EPUB.zip   338 KB | 632 downloads

you will need an EPUB file reader for this
  • #7,738
  • Oct 16, 2018 4:07am Oct 16, 2018 4:07am
Quoting landax
{quote} I control my time, I have to find the time, every day or rather every evening I dedicate 1 hour for the study PASR and the study of my graphs. But if I want to succeed, I must in addition to everything, practice in real constantly by reducing my risk, developing my psychology and control of myself and continuing to study graphics. Last week was really too busy for me in terms of assessment and "test" at my University and so if I decide to trade, do 100% so this is why I didn't post last week. Last week I took the time to analyze what happened...
Hi Landax,
I felt something familiar when I read your post. What I want to say is that chase your dream and don't give up.

Trading for a living has been my dream since I was very young. The dream was inspired by a book when I was a teenager. I resigned from a very stable job and joined a futures trading firm when I was 22. Unfortunately it was a fraud. I had never had a chance to learn real trading. Instead, I was interviewed a number of times by police in the end. I was terrified. I thought my life was going to be end.
After that, my parents and all the relatives told me that I should just have a stable job like everybody does. I did since then. I don't blame them. It was my decision.
I am glad I start to chase my dream again. It will be a long way and might never be successful. The important thing is that I have done it and will have no regret when I die.

Don't worry about other people's opinions about YOUR life. You are the only one who is responsible for your own life.
Good luck!
We don't see things as they are, we see them as we are.
  • #7,739
  • Oct 16, 2018 5:37am Oct 16, 2018 5:37am
Quoting Rub
{quote} I was going to post the same pair. First things first, why did you post in the order of worker, boss, big boss? Analysis should be from the big boss down. Big boss: Ranging between 0.9100 and 1.030ish, recently been in a downtrend below the strat shadow. Price is well extended from the 20 EMA. Boss: inside a weekly control candle, testing resistance, currently in a downtrend. Also has price quite extended. Worker: Testing the strat shadow at the top of a weekly control candle, with confluence of resistance and a gap that has been filled....
I personally do not want to short it into range bottom and support level. Just looking at last week's candle, price was brought much higher at the support, meaning that there were a significant amount of buying pressure there. Feels like that support level is much stronger than we saw earlier in this downtrend. Maybe the train stops and turns around? I would wait and see before shorting again into that support.
  • #7,740
  • Oct 16, 2018 5:41am Oct 16, 2018 5:41am
Always act from a place of satiety

In trading but in life in general, any action taken with urge, visible need (if not desperation) is doomed to fail.
Always act from a place of satiety, as if nothing really depended on this one trade, this one job, this one girl/boyfriend. Being needy shows, and we humans are not responding well to obvious neediness (otherwise beggars would be billionaires). Also, neediness affects our brain chemistry and we throw reason and common sense out of the window. Again, this applies to all segments in life.

However, when you act, act decisively, don't try, just do.

Trading and living are all about learning to control your reptilian brain, accepting the consequences of your acts, remembering we don't matter as an individual and remain humble. Sounds easy but those who succeed are few and far between.
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