Disliked{quote} While you are getting the hang of it, Pete, look for entries off pull backs to the Strat Shadow to avoid DRAWDOWN - it is much easier on the Little People. {image}Ignored
Regards
Pete
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Disliked{quote} While you are getting the hang of it, Pete, look for entries off pull backs to the Strat Shadow to avoid DRAWDOWN - it is much easier on the Little People. {image}Ignored
Disliked{quote} Ok, got it. As I understood having losses is just part of the business. And when I enter the trade and it goes directly into my SL, without much chance of gettting out - how should I manage that trade? I show you an example of that. How would you fellow students manage that trade? How would your rate that trade in general? The reasons for the entry: Strat Shadow in good shape (down) Price below EMA200 Price rejected off Strat Shadow with good momentum Price crossed my SR area Entry not too tight below Set Up candle {image}Ignored
DislikedAUD/JPY Basic PASR 1M Trade . Hello My Family Entry : 1 a Hammer , I didnt take it because the Sell Pressure was too Strong , i was need to other conformation . 2 a BUOB ,Made a Higher Low ( I missed it ! ) 3 a BUOB , that was what i am waiting for . AND This post was so USEFUL to me " Thank YOU For Every Thing YOU Did For Us " {quote} #3241 I dont use Trend Lines , I am using my eyes and Strat Shadow to identify the Patterns . {image} RegardIgnored
Disliked{quote} Hi Ali.J The clincher for me would have been the BUEB candle (12th candle after your no3) stradling the Strat Shadow. Regards PeteIgnored
DislikedHow to know which pair to trade on 5 minute time frame? Seems to busy to switch up all the timeIgnored
Disliked{quote} A volatility list has been posted a few times, I think GBP/NZD was the top one. Watch a few of those and bob's your auntie's live in lover.Ignored
Disliked{quote} Ok, got it. As I understood having losses is just part of the business. And when I enter the trade and it goes directly into my SL, without much chance of gettting out - how should I manage that trade? I show you an example of that. How would you fellow students manage that trade? How would your rate that trade in general? The reasons for the entry: Strat Shadow in good shape (down) Price below EMA200 Price rejected off Strat Shadow with good momentum Price crossed my SR area Entry not too tight below Set Up candle {image}Ignored
Disliked{quote} Hi Scrumy, I think your entry is fine (if it the one I marked on your chart, blue arrow?). Regarding the management of the trade: If I would trade that one, I would have set a really tight SL (see red line) - as I do it for all my M5 trades. As BTS mentioned a few postes ago: when I (we) trade PASR M5 Trend Trading we look for a R:R of 1:4 or 1:5 or even higher. So price has to move in my direction pretty fast/soon. If not (see tight SL) I am out and wait for another PASR setup on this pair. If price moves in my direction I am looking for...Ignored
Disliked{quote} Hey Markus. Thanks. Your marked candle is correct. I add the current spread on top of the set up candle to have more "wiggle room".Ignored
DislikedHow to know which pair to trade on 5 minute time frame? Seems to busy to switch up all the timeIgnored
DislikedHey everyone, it's great to find a active forum based off of price action. I am going through this thread and have the basics down and i would like to start posting some charts and getting involved. I've been trading off and on for many years but can never stay consistently profitable, always bouncing around from product to product and time frame to time frame but i always stick with price action. The shorter time frames fit my personality better and i feel more comfortable trading them, but I've been trading the /es which is way to big for my account...Ignored
DislikedHow to know which pair to trade on 5 minute time frame? Seems to busy to switch up all the timeIgnored
Disliked{quote} Hi Scrumy, I think your entry is fine (if it the one I marked on your chart, blue arrow?). Regarding the management of the trade: If I would trade that one, I would have set a really tight SL (see red line) - as I do it for all my M5 trades. As BTS mentioned a few postes ago: when I (we) trade PASR M5 Trend Trading we look for a R:R of 1:4 or 1:5 or even higher. So price has to move in my direction pretty fast/soon. If not (see tight SL) I am out and wait for another PASR setup on this pair. If price moves in my direction I am looking for...Ignored
Disliked{quote} This is an entry right before london open, so you might want to wait after this move up retraces abit to the shadow or just jump in and be careful of not getting a losing trade out of that entry. you have to monitor all the way {image}Ignored
Disliked{quote} On the next candle the SL already got hit - no chance to manage this trade anymore. Would you agree? What could I improve? Skip to better set up that is closer to the Strat Shadow and a retest of a SR line from below/above?Ignored
Disliked{quote} As alway when we trade PASR we trade the closing price. As the next candle did not close above your SL (or my red line) I would wait and let the trade run. The SL is also a pretty personal thing. I prefer a tight SL when I trade M5. The consequence can be that my SL gets hit soon. But I also trade a bigger lots size when I trade M5 as when I would trade a higher timeframe with a wider SL so that price can breath a bit.Ignored
DislikedAUD/JPY Basic PASR 1M Trade . Hello My Family Entry : 1 a Hammer , I didnt take it because the Sell Pressure was too Strong , i was need to other conformation . 2 a BUOB ,Made a Higher Low ( I missed it ! ) 3 a BUOB , that was what i am waiting for . AND This post was so USEFUL to me " Thank YOU For Every Thing YOU Did For Us " {quote} #3241 I dont use Trend Lines , I am using my eyes and Strat Shadow to identify the Patterns . {image} RegardIgnored