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Strat's PASR Long Term, Stress Free Trading

  • #11,161
  • Edited 7:23pm Mar 23, 2019 7:01pm | Edited 7:23pm
Quoting Alesiosc
{quote} So sorry Cj.cn. you really have me confused......if that is your TL, where is the one you say I drew.......
maybe you have fogotten your post, pls go back to read your old post 11046

You said Weekly Price is above lower Monthly TL and long term trend UP.
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but i think you draw a wrong TL.
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thanks
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #11,162
  • Mar 23, 2019 9:30pm Mar 23, 2019 9:30pm
Quoting Cj.cn
{quote} maybe you have fogotten your post, pls go back to read your old post 11046 You said Weekly Price is above lower Monthly TL and long term trend UP. {image} but i think you draw a wrong TL. {image} thanks
Ok. I see now.....you threw me with that short TL. so my take on the TL is it's the long term trend being up. I used to draw my TL's from the highs and lows. Since following Strat I've been drawing them using the close mostly. It's just the way I draw them. I actually thought drawing TL's was subjective as each person sees them differently. If I am wrong I would appreciate it if someone would correct me.
Thanks
If at first you don't succeed, try, try again.
  • #11,163
  • Edited Mar 25, 2019 7:48am Mar 24, 2019 9:12am | Edited Mar 25, 2019 7:48am
i feel so lost on USD/JPY at this moment.

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Price below both MA's and Friday closed as a BEOB.
Closed below psycho level 110.
I feel like missing something. Is there any thing to interprete on this chart?

EDIT:

i made up my mind and came to this conclusion...
broke the 110 psycho level and trough the bottom of the hammer from Thursday, this negative sign
New LH-LL, at this point major level to pay attention is 108.50 but ONLY if i see a strong close below 110.
To add the 20MA and 50MA both are above Price so that's bearish aswell.

i might be in the position now to say, i have the levels to pay attention to.

EDIT:

its a BEEB and not a BEOB.
  • #11,164
  • Mar 24, 2019 12:03pm Mar 24, 2019 12:03pm
hi Strat. could i please get your thoughts on my trading plan.

ive been going over my Psychology notes this weekend after your comment on me reaching Step 4. i realised that there is a small amount which i have accomplished and overcome and there is a lot more which i need to master. i also realised that i need to start with a concrete plan as having a plan takes a lot of the emotion out of my trades by just sticking to it (this will be the telling part, sticking to it). does the following constitute a valid Trading Plan, have i missed anything or is it a load of
Bo((ocks.

Thanks

CAMERON'S TRADING
PLAN 24/03/2019

Make a PLAN.
1) Trade your PLAN.
2) Identify THE BOSS immediate trend.
3) Is it in harmony with THE BIG BOSS?
4) Trade in the direction of THE BOSS?
5) NEVER trade against THE BOSS trend.
6) ONLY enter a trade off Major S&R.
7) ONLY enter a trade off a Properly Formed PA bar.
9) ONLY enter a trade after Confirmation.
10) Combine 6 & 7 with Confluence for A+ trades
11) ARE YOU COMFORTABLE WITH YOUR RISK?
️YES️ or ️NO.️

IF NO.

️MOVE ON️
️DONT TRADE️
️FIND ANOTHER️
️THERE ARE PLENTY️

IF YES

️ENTER THE TRADE AFTER
CONFIRMATION️

IF THE TRADE IS WRONG,GET OUT

✔LET WINNING TRADES RUN✔
If at first you don't succeed, try, try again.
  • #11,165
  • Mar 24, 2019 2:45pm Mar 24, 2019 2:45pm
Quoting Alesiosc
hi Strat. could i please get your thoughts on my trading plan. ive been going over my Psychology notes this weekend after your comment on me reaching Step 4. i realised that there is a small amount which i have accomplished and overcome and there is a lot more which i need to master. i also realised that i need to start with a concrete plan as having a plan takes a lot of the emotion out of my trades by just sticking to it (this will be the telling part, sticking to it). does the following constitute a valid Trading Plan, have i missed anything...
Hi Cameron

Look's like a good start, check your PM's.

Cheers

BTS
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #11,166
  • Mar 24, 2019 2:59pm Mar 24, 2019 2:59pm
Quoting dashurry
i feel so lost on USD/JPY at this moment. {image} Price below both MA's and Friday closed as a BEOB. Closed below psycho level 110. I feel like missing something. Is there any thing to interprete on this chart? EDIT: i made up my mind and came to this conclusion... broke the 110 psycho level and trough the bottom of the hammer from Thursday, this negative sign New LH-LL, at this point major level to pay attention is 108.50 but ONLY if i see a strong close below 110. To add the 20MA and 50MA both are above Price so that's bearish aswell. i might...
I'm not surprised you are lost looking at your chart. Squeezing everything onto a worker chart just doesn't work for me.

Big Boss

BASIC PASR 1000 PIPS

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Boss

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Just closed out of a WCC and looks tempting on the Worker down to 108. However this is not one for me, I'm just not feeling it.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #11,167
  • Mar 25, 2019 12:40am Mar 25, 2019 12:40am
Good day everyone,

I wanted to check on you all here and remind you that I'm far from gone! Firstly, Strat, I am sorry that I am less active on the thread. But as I mentioned before, I've found that that is my way of learning - I get biased easily and start to doubt my ideas if I spend too much time reading other people's opinions.

I've been doing some extended research, using your methods and trading well as a beginner. The most problematic proccess of my trading now is psychological and comes down to being too chaotic at times. I feel like I could miss out on something or it's already too late, so I jump in just to see that the market is not moving and I was too quick to act. However, I am keeping risk at a minimum, so all those small mistakes don't blow my account.

Here's one of my trades that I managed to hold for the longest time in my short trading "career". Gold/EUR position that I initiated back in November. The chart is from TradingView and I don't have the Strat Shadow on it at the moment, but you can get the point of how smoothly the price has been rising. However, the entry was bad - I entered on a hanging man because I saw the strong impulse up and feared that I miss out on more.
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  • #11,168
  • Edited 3:17am Mar 25, 2019 12:43am | Edited 3:17am
Quoting dashurry
i feel so lost on USD/JPY at this moment. {image} Price below both MA's and Friday closed as a BEOB. Closed below psycho level 110. I feel like missing something. Is there any thing to interprete on this chart? EDIT: i made up my mind and came to this conclusion... broke the 110 psycho level and trough the bottom of the hammer from Thursday, this negative sign New LH-LL, at this point major level to pay attention is 108.50 but ONLY if i see a strong close below 110. To add the 20MA and 50MA both are above Price so that's bearish aswell. i might...
dashhurry, there's the hammer from January, and the weekly is clearly down, so those two time frames are in conflict. According to strat's teaching for those starting on the path that makes the pair a no trade.

Also as BeyondThesea posted, try to post all three time frames. You may have a different data feed, or something else that means you charts may be different to what we're looking at. It also lets us see where you are drawing your support and resistance from each.

EDIT:
As part of my taking a step or two back I've been doing more of the F12 exercise, and looking at recent charts. Did anyone catch this on EURJPY? If (and that's pretty big IF at this point) I'm understanding things right it's a nice little shooting star that could've netted a 1:3 trade in a few days.
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  • #11,169
  • Edited 5:35am Mar 25, 2019 3:36am | Edited 5:35am
Quoting Alesiosc
hi Strat. could i please get your thoughts on my trading plan. ive been going over my Psychology notes this weekend after your comment on me reaching Step 4. i realised that there is a small amount which i have accomplished and overcome and there is a lot more which i need to master. i also realised that i need to start with a concrete plan as having a plan takes a lot of the emotion out of my trades by just sticking to it (this will be the telling part, sticking to it). does the following constitute a valid Trading Plan, have i missed anything...
That's a very nice plan.
Simple, intuitive and easy to make it a daily routine.

One more ingredient I would add...(beware after sec.43 lol )
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,170
  • Mar 25, 2019 3:37am Mar 25, 2019 3:37am
Quoting BeyondTheSea
{quote} I'm not surprised you are lost looking at your chart. Squeezing everything onto a worker chart just doesn't work for me. Big Boss BASIC PASR 1000 PIPS {image} Boss {image} Just closed out of a WCC and looks tempting on the Worker down to 108. However this is not one for me, I'm just not feeling it.
Thanks BeyondTheSea once im done with the original thread i will start plotting my charts like you guys, but i don't wanna jump here and there.
Quote
dashhurry, there's the hammer from January, and the weekly is clearly down, so those two time frames are in conflict. According to strat's teaching for those starting on the path that makes the pair a no trade.

Also as BeyondThesea posted, try to post all three time frames. You may have a different data feed, or something else that means you charts may be different to what we're looking at. It also lets us see where you are drawing your support and resistance from each.
thanks for reminding me RUB i forgot to post all 3
  • #11,171
  • Edited 8:03am Mar 25, 2019 5:53am | Edited 8:03am
I guess here is the end for longs....and shorts!
Done for the day!
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,172
  • Mar 25, 2019 8:08am Mar 25, 2019 8:08am
Quoting BeyondTheSea
{quote} Hi Cameron Look's like a good start, check your PM's. Cheers BTS
thanks BTS

Quoting Fxentropy
{quote} That's a very nice plan. Simple, intuitive and easy to make it a daily routine. One more ingredient I would add...(beware after sec.43 lol )
thanks FX. i appreciate the encouragement....may i ask what you mean by this, "(beware after sec.43 lol )"
If at first you don't succeed, try, try again.
  • #11,173
  • Edited 9:33am Mar 25, 2019 8:39am | Edited 9:33am
had enough of this pair. i have been watching this pair for 58 minutes. ATR 3 is obviously my problem why it is moving so slowly....i was right to go against my plan and closed the 2 positions. now looking for a more volatile pair with a good setup as i couldnt find one an hour ago hence taking this low volatile cadjpy.

EDIT: just realised something Strat. i did listen when you advised to block the account no. on the left. i actually di but by the time i had taken a screenshot the chart had moved along with the little black boxes i placed....another bonus i suppose is it is only a demo with a new broker i am trying.....very tight spreads and 0, yes zero minimum stop loss distance........

EDIT: but just noticed, hardly any leverage. dont know yet if thats a good thing or a bad thing....
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If at first you don't succeed, try, try again.
  • #11,174
  • Mar 25, 2019 9:02am Mar 25, 2019 9:02am
Quoting Alesiosc
{quote} thanks BTS {quote} thanks FX. i appreciate the encouragement....may i ask what you mean by this, "(beware after sec.43 lol )"
Adult Content +18 years old

My late trades on DAX DOW NQ
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,175
  • Mar 25, 2019 9:50am Mar 25, 2019 9:50am
is anyone else struggling to find anything to trade today...clearly Fxentropy isnt. nothing standing out for me today
If at first you don't succeed, try, try again.
  • #11,176
  • Mar 25, 2019 11:06am Mar 25, 2019 11:06am
Quoting Alesiosc
is anyone else struggling to find anything to trade today...clearly Fxentropy isnt. nothing standing out for me today
As you can see i didnt traded FX..indices only.

Wonder why.....

The only decent one was EURAUD...but missed....
"What would you attempt to do, if you knew your success was a certainty?"
  • #11,177
  • Mar 25, 2019 11:44am Mar 25, 2019 11:44am
Quoting Fxentropy
{quote} As you can see i didnt traded FX..indices only. Wonder why..... The only decent one was EURAUD...but missed....
thanks FX. i was starting to think it was just me and my inexperienced eyes.
If at first you don't succeed, try, try again.
  • #11,178
  • Mar 25, 2019 11:55am Mar 25, 2019 11:55am
hi Strat, sorry to keep bombarding you with questions...i know you dont mind......the questions are on the chart....if its not ok to post my queries like this just say so and i will type them out instead....

Thanks.
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If at first you don't succeed, try, try again.
  • #11,179
  • Mar 25, 2019 12:38pm Mar 25, 2019 12:38pm
made a recovery on the DAX today.....made today Breakeven. looks like i got out in time too....
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If at first you don't succeed, try, try again.
  • #11,180
  • Mar 25, 2019 1:19pm Mar 25, 2019 1:19pm
Geez!!!! where is everyone....is no one playing out today....
If at first you don't succeed, try, try again.
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