Focus, Patience, Discipline, Determination and Perseverance
- #12,173
- Aug 23, 2019 9:45am Aug 23, 2019 9:45am
- Joined Mar 2004 | Status: Senior Member | 1,633 Posts
MY PASR journey Based on Strat's PASR Trading 76 replies
M5 PASR Trend Trading Strat 95 replies
My PASR Trend Trading Journals 3 replies
A young trader's road to profitability - PASR trading - Live 11 replies
Fibs trading and PASR 0 replies
Disliked{quote} What I found with the lower TFs is that even if you have some years of experience under your belt and a reasonable discipline that will keep you from blowing your account is that when you start trading lower TFs than you are used to, overtrading can sneak in. Let us say you were trading H1 or M15, going to M1 can result in tons of bad trades if you are not careful. It happened to me before and it is something I want to avoid at all cost in future, because it can drain your account even if you are using reasonable RR ratios.Ignored
Disliked{quote} Hi If you are on M1 M5 , never argue with the strat shadow on M15 and H1and try to catch the trends this might help
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DislikedEUR\JPY Closed the trade as London big boys coming up. Will keep my profit .. {image} SurangaIgnored
DislikedEUR\JPY Closed the trade as London big boys coming up. Will keep my profit .. {image} SurangaIgnored
Disliked{quote} So my decision to exit the trade payed me back..with some pips... see what London boys have done.. {image} P.S. Credit should go to where it should. ....STRAT..thanks a lot coach.Ignored
Disliked{quote} Hi Your exit is exemplary on this chart All the new guys (and old members) browsing through this thread and not committing themselves to improve, I have one advice that will help. Download and save all the charts posted and study them daily. it doesnt matter at all what timeframe you are looking at on any of the examples. what matters is to study the price-structure on each one and understand why there is an entry (or not). Have a nice summer dayIgnored
DislikedBeen away for awhile and it seems that most posts are related to short time frames, which doesn't quite fit with the original focus of the thread. However, it is what it is. For those still interested in long term stress free trading, the sterling has reached historical highs of commercial longs (hedging) with a corresponding historical shorts of speculators. As of last week the net commercial participants have begun covering those longs so for those who take into account COT reports, watch the sterling for a long term move up. It has begun this...Ignored
DislikedBeen away for awhile and it seems that most posts are related to short time frames, which doesn't quite fit with the original focus of the thread. However, it is what it is. For those still interested in long term stress free trading, the sterling has reached historical highs of commercial longs (hedging) with a corresponding historical shorts of speculators. As of last week the net commercial participants have begun covering those longs so for those who take into account COT reports, watch the sterling for a long term move up. It has begun this...Ignored
DislikedSTOPLOSS LEVELS Hey guys, When I put in a trade.. my MT4 platform wont allow me to use a tight stop loss. For example, for GBPNZD it need atleast 36 pips +spread. is it the same to you guys? When I talked to XM help desk they said it is as per management decision. https://www.xm.com/forex-trading is it the same for you guys? SurangaIgnored
Disliked{quote} No, I can set SL as I like. They are gently asking you to try another brokerIgnored
Disliked{quote} yesterday's candle on the worker confirmed lower swing of the boss, but waiting for the closure of the bossIgnored
Disliked{quote} yesterday's candle on the worker confirmed lower swing of the boss, but waiting for the closure of the bossIgnored
DislikedSTOPLOSS LEVELS Hey guys, When I put in a trade.. my MT4 platform wont allow me to use a tight stop loss. For example, for GBPNZD it need atleast 36 pips +spread. is it the same to you guys? When I talked to XM help desk they said it is as per management decision. https://www.xm.com/forex-trading is it the same for you guys? SurangaIgnored
DislikedBeen away for awhile and it seems that most posts are related to short time frames, which doesn't quite fit with the original focus of the thread.Ignored
DislikedSTOPLOSS LEVELS Hey guys, When I put in a trade.. my MT4 platform wont allow me to use a tight stop loss. For example, for GBPNZD it need atleast 36 pips +spread. is it the same to you guys? When I talked to XM help desk they said it is as per management decision. https://www.xm.com/forex-trading is it the same for you guys? SurangaIgnored
DislikedI like the look of most of the GBP pairs to go long over next week, looks like we have a confirmed swing low. I see it as most have a couple of hundred pips to first boss resistance, there should be some room to trade that up.Ignored
Disliked{quote} Let us bring the thread back to the There were a few good signals on Daily chart which I hope some of you took. USDJPY Daily: I like to take signals as close to the 20EMA as possible. Engulfing candles are very reliable in such cases. {image} H4: A break of the Strat Shadow gives me more confidence of momentum to the downside. {image} EURAUD Daily: After a retracement, Price was sitting around the Strat Shadow with indication to the upside(See those wicks/rejections which indicated buyers willing to protect their position). The candle on...Ignored