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Strat's PASR Long Term, Stress Free Trading

  • #11,781
  • Jun 17, 2019 9:43pm Jun 17, 2019 9:43pm
I didn't take anything today, but if I look at these charts again I'll talk myself into a trade!
  • #11,782
  • Jun 18, 2019 12:52am Jun 18, 2019 12:52am
Quoting tommyFL
I didn't take anything today, but if I look at these charts again I'll talk myself into a trade!
No talking yourself into a trade tommy. Wait for an opportunity.

Isn't it funny how preaching to someone else reinforces your learning.....
If at first you don't succeed, try, try again.
  • #11,783
  • Jun 18, 2019 2:29am Jun 18, 2019 2:29am
Utilizing Power of Timeframes on DAX

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  • #11,784
  • Jun 18, 2019 3:14am Jun 18, 2019 3:14am
Quoting Szpons
Utilizing Power of Timeframes on DAX {image}
great trade
  • #11,785
  • Jun 18, 2019 4:00am Jun 18, 2019 4:00am
Quoting bistolis
{quote} great trade
Thx, Fxentropy have propably traded it back up already
  • #11,786
  • Edited 12:13pm Jun 18, 2019 5:16am | Edited 12:13pm
Quoting Szpons
{quote} Thx, Fxentropy have propably traded it back up already

Attached Image


Then got my revenge back!
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,787
  • Jun 18, 2019 9:32am Jun 18, 2019 9:32am
Quoting Alesiosc
{quote} No talking yourself into a trade tommy. Wait for an opportunity. Isn't it funny how preaching to someone else reinforces your learning.....
It's like a support group... saying it out loud (typing it in this case) is admitting there's a problem!
  • #11,788
  • Jun 18, 2019 4:36pm Jun 18, 2019 4:36pm
Not sure what is going on but I have lost the ability to attach charts no matter how I try.
I have sent a request for help from administrator twice in the last week but not getting any reply.

Anyone have any suggestions?

Thanks
Terry
  • #11,789
  • Jun 18, 2019 4:39pm Jun 18, 2019 4:39pm
Quoting TerryDawe
Not sure what is going on but I have lost the ability to attach charts no matter how I try. I have sent a request for help from administrator twice in the last week but not getting any reply. Anyone have any suggestions? Thanks Terry
Also when I try to edit my own post, it says I don't have the credentials to this either. It appears I am being blocked.
  • #11,790
  • Jun 18, 2019 4:44pm Jun 18, 2019 4:44pm
Quoting TerryDawe
Not sure what is going on but I have lost the ability to attach charts no matter how I try. I have sent a request for help from administrator twice in the last week but not getting any reply. Anyone have any suggestions? Thanks Terry
Hey Terry. Maybe try another Browser. Try Log off/Log in to ForexFactory. Or maybe going into Private Mode/Incognito Mode with the Browser. If it doesnt help contact me via PM. Will go to bed now.
Accept the risk!
  • #11,791
  • Jun 19, 2019 12:33am Jun 19, 2019 12:33am
Hello everyone, after doing so poorly over the first few months this year I took a little bit of a break from trading, but still kept an eye on what was going on.
Here's hoping my second half of the year goes a bit better.

Anyway, I saw this as a blindingly obvious trade last night on the 4hr chart of EURAUD, from a range top (look at weekly), although it looks counter trend. I am currently about 75pips up and will be moving to break even soon.
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  • #11,792
  • Jun 19, 2019 12:35am Jun 19, 2019 12:35am
There was also this USDCAD trade this morning my time, although it might be a little dangerous with CAD news and FOMC tonight my time.
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  • #11,793
  • Jun 19, 2019 10:56am Jun 19, 2019 10:56am
Quoting Rub
Hello everyone, after doing so poorly over the first few months this year I took a little bit of a break from trading, but still kept an eye on what was going on. Here's hoping my second half of the year goes a bit better. Anyway, I saw this as a blindingly obvious trade last night on the 4hr chart of EURAUD, from a range top (look at weekly), although it looks counter trend. I am currently about 75pips up and will be moving to break even soon. {image} {image} {image} {image}
nice to see you back Rub....and a good start too....well done...
If at first you don't succeed, try, try again.
  • #11,794
  • Jun 19, 2019 3:46pm Jun 19, 2019 3:46pm
testing charts using different browser

Good call on usdcad Rub following that BEOB rejecting the Boss confirmed swing high candle low. A good 90 pip move down towards the bottom of the WCC and 200ema.

And now after switching browsers, I can attach my charts.
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  • #11,795
  • Jun 20, 2019 12:31am Jun 20, 2019 12:31am
Quoting Alesiosc
{quote} nice to see you back Rub....and a good start too....well done...
Weeeeellllll, sort of. My EURAUD got stopped out this morning at break even, but it's not a loss and I followed my plan. Keeping an eye on it for a re-entry, as that daily bar was pretty obvious.

USDCAD is solidly in profit, stop at break even and price not too far off my target.

Still I'm happy with it.
  • #11,796
  • Jun 20, 2019 1:02pm Jun 20, 2019 1:02pm
Quoting Rub
{quote} Weeeeellllll, sort of. My EURAUD got stopped out this morning at break even, but it's not a loss and I followed my plan. Keeping an eye on it for a re-entry, as that daily bar was pretty obvious. USDCAD is solidly in profit, stop at break even and price not too far off my target. Still I'm happy with it.
sounds like you have regenerated the batteries. EURAUD does look interesting here. i will watch from here
If at first you don't succeed, try, try again.
  • #11,797
  • Jun 20, 2019 3:23pm Jun 20, 2019 3:23pm
Quoting Alesiosc
{quote} sounds like you have regenerated the batteries. EURAUD does look interesting here. i will watch from here
In a further update, I woke up to see my USDCAD has rocketed to my target. Still keeping an eye on EURAUD for another entry. With euro news tonight, I think that will be catalyst for whatever direction it goes.
  • #11,798
  • Jun 22, 2019 3:46am Jun 22, 2019 3:46am
I had a pretty good progress, mainly trading H4 charts (sometimes getting better entries with m5/m15 timeframe) and was pretty consistent for 2-3 months.

Now i did a trade where i fucked up (i did let a profitable trade run into a decent loss...). But instead of just accepting i, i was falling back into old patterns where the psychology kicked in and i started revenge trading, which (of course) caused me futher losses.

Now currently i am in a DAX30 H4 trade:
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I know what I did wrong:
1. Entered before H4 candle closed
2. The "Signal" Candle hit straight into resistance

I would usually now just let the trade run and let it hit S/L (or not)....
But on D1 it looks like this:

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Which looks like a good shorting opportunity, as it did perfectly bounce off resistance and formed a signal candle.

Any suggestions on what do?

Thanks and have a nice weekend!
https://twitter.com/BeauBuyer
  • #11,799
  • Jun 22, 2019 6:20am Jun 22, 2019 6:20am
Quoting ixam23
I had a pretty good progress, mainly trading H4 charts (sometimes getting better entries with m5/m15 timeframe) and was pretty consistent for 2-3 months. Now i did a trade where i fucked up (i did let a profitable trade run into a decent loss...). But instead of just accepting i, i was falling back into old patterns where the psychology kicked in and i started revenge trading, which (of course) caused me futher losses. Now currently i am in a DAX30 H4 trade: {image} I know what I did wrong: 1. Entered before H4 candle closed 2. The "Signal" Candle...
Hi
You have your timeframes all mixed up. Find one that suits your lifestyle and psycholgical make up and then start applying basic PASR .
You seem like in a big hurry. Until you really understand some concepts it will take time.
so sit back and relax and focus on one thing at a time. take a break and let it sink for a while and then go back to your charts
  • #11,800
  • Jun 22, 2019 6:43am Jun 22, 2019 6:43am
Quoting bistolis
{quote} Hi You have your timeframes all mixed up. Find one that suits your lifestyle and psycholgical make up and then start applying basic PASR . You seem like in a big hurry. Until you really understand some concepts it will take time. so sit back and relax and focus on one thing at a time. take a break and let it sink for a while and then go back to your charts
Yes i also thought about taking a break, is usually the best when you find yourself getting away from the right path.

What do you mean by mixed my timeframes all up?

If i would have sticked to my "rules" the use of different timeframes would have been fine, as i would have seen that the on H4 price got rejected at R and the daily close would just have confirmed this. But what i did was not waiting until H4 candle closed (it formed a BUEB, but this bar got rejected at R)

I used to trade m5/m15 charts for a time, but found at that this is too stressful and i often find myself entering trades where there is no good opportunity, that's why i switched to the higher ones.

Thanks for your answer
https://twitter.com/BeauBuyer
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