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Strat's PASR Long Term, Stress Free Trading

  • #12,221
  • Sep 3, 2019 2:41am Sep 3, 2019 2:41am
Indeed I did, but had forgotten where I had seen the reference. I assume that it's there. Will look back. Thanks.
  • #12,222
  • Sep 4, 2019 6:51am Sep 4, 2019 6:51am
Pretty nice trends these days.

Wait, enter, observe, exit and repeat

Learn one situation in market and practire it till end of your days, then add another until you master it and still learn

Patience is needed

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 63 KB


Now practining M15 trends in FOREX market but still trading indexes in volatile hours

Green pips to all

MH
  • #12,223
  • Sep 4, 2019 7:59am Sep 4, 2019 7:59am
Quoting Mhons
Pretty nice trends these days. Wait, enter, observe, exit and repeat Learn one situation in market and practire it till end of your days, then add another until you master it and still learn Patience is needed {image} Now practining M15 trends in FOREX market but still trading indexes in volatile hours Green pips to all MH
Lots of micro levels on your chart. Is this only M15 S/R? I find it easier to plot less levels, but cleaner ones. Of course you are right: Practice one thing. Even harder than practicing one thing is practicing the right thing, fitting to your individual situation in life.
Fix up, trade sharp ...
  • #12,224
  • Sep 5, 2019 1:31am Sep 5, 2019 1:31am
Quoting Hickson
{quote} Lots of micro levels on your chart. Is this only M15 S/R? I find it easier to plot less levels, but cleaner ones. Of course you are right: Practice one thing. Even harder than practicing one thing is practicing the right thing, fitting to your individual situation in life.
Yes, it is my road map from previous price action when PRICE moved south

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM151.png Size: 79 KB


MH
  • #12,225
  • Sep 5, 2019 7:22am Sep 5, 2019 7:22am
Quoting Mhons
Pretty nice trends these days. Wait, enter, observe, exit and repeat Learn one situation in market and practire it till end of your days, then add another until you master it and still learn Patience is needed {image} Now practining M15 trends in FOREX market but still trading indexes in volatile hours Green pips to all MH
Or the same thing on the daily chart. The breakout to the upside long overdue and was just waiting to happen.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 43 KB
  • #12,226
  • Sep 5, 2019 7:28am Sep 5, 2019 7:28am
Quoting MikuSS
{quote} Or the same thing on the daily chart. The breakout to the upside long overdue and was just waiting to happen. {image}
Took some quick pips and I am OUT as tomorrow is NFP.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDmicroDaily.png Size: 33 KB


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #12,227
  • Sep 6, 2019 2:34am Sep 6, 2019 2:34am
EURJPY

Nice shooting star at swing high and in confluence with S/R level and 200 + supply trend line..
However I do have little concern that weekly seams like finishing as BUOB (providing today will not finish a big sell off)

What do you guys think of this?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYmicroH4.png Size: 33 KB


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #12,228
  • Sep 6, 2019 3:40am Sep 6, 2019 3:40am
Quoting Suran
EURJPY Nice shooting star at swing high and in confluence with S/R level and 200 + supply trend line.. However I do have little concern that weekly seams like finishing as BUOB (providing today will not finish a big sell off) What do you guys think of this? {image} Suranga
A difficult call in my opinion. The upside momentum seems too quick for the uptrend to finish. The 3 dojis that closed for the past few weeks suggest oversold, plus confirmed downswing for the Daily chart.

I'd say it is a Bond Shooting Star, I will definitely stay out of it.

Anyway, why enter on H4 JPY pairs when NFP is hours away?
  • #12,229
  • Edited 4:12am Sep 6, 2019 4:00am | Edited 4:12am
Quoting MikuSS
{quote} A difficult call in my opinion. The upside momentum seems too quick for the uptrend to finish. The 3 dojis that closed for the past few weeks suggest oversold, plus confirmed downswing for the Daily chart. I'd say it is a Bond Shooting Star, I will definitely stay out of it. Anyway, why enter on H4 JPY pairs when NFP is hours away?
Well I am not in that trade.Just wanted to have a discussion ..as this thread seams dying.... However, I am pretty impressed with it unless that heavy upside momentum and NFP.

Thanks for your comments

Suranga

P.S. I do have a trade that keep running for days (EURAUD). Just thinking whether to close it or not.May be I will close it before New York open
Focus, Patience, Discipline, Determination and Perseverance
  • #12,230
  • Sep 6, 2019 5:05am Sep 6, 2019 5:05am
Quoting Suran
{quote} Well I am not in that trade.Just wanted to have a discussion ..as this thread seams dying.... However, I am pretty impressed with it unless that heavy upside momentum and NFP. Thanks for your comments Suranga P.S. I do have a trade that keep running for days (EURAUD). Just thinking whether to close it or not.May be I will close it before New York open
Hi Suran,
Agreed that it is really quiet here.. just not the same anymore without Strat's regular posting.

Yes a nice shooting star, but I never take a shooting star just like that. I usually wait for another BEOB or shooting star to confirm the exhaustion in the trend.

P.S. oh so you are in EURAUD short! I am short with the sister pair EURNZD. Still hesitanting to close as well because PA still looks so good. IN THEORY, NFP shouldn't affect single commodity currencies too much.


Edit: if the current H4 candle closes as a BEOB, I will consider taking it.

Edit 2: if there was no NFP happening of course..!
  • #12,231
  • Sep 6, 2019 5:24am Sep 6, 2019 5:24am
Quoting MikuSS
{quote} Hi Suran, Agreed that it is really quiet here.. just not the same anymore without Strat's regular posting. Yes a nice shooting star, but I never take a shooting star just like that. I usually wait for another BEOB or shooting star to confirm the exhaustion in the trend. P.S. oh so you are in EURAUD short! I am short with the sister pair EURNZD. Still hesitanting to close as well because PA still looks so good. IN THEORY, NFP shouldn't affect single commodity currencies too much. Edit: if the current H4 candle closes as a BEOB, I will consider...
Yes, Miku a BEOB or BEEB would be pretty good confirm the signal.

I just closed my EURAUD trade. That was based on PRICE ACTION in worker chart and entered after the H4 Price Action. And it looks good to go more.Will keep my pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDmicroH4.png Size: 26 KB


Suranga

P.S. About Strat's absence..It would be nice to have him around ..but I am not much concern about not having him around as he already gave it and we just need to keep reading and practicing ...On the other hand its good for him to have a break and do his things...So I am good about it .
Focus, Patience, Discipline, Determination and Perseverance
  • #12,232
  • Sep 6, 2019 5:27am Sep 6, 2019 5:27am
Quoting MikuSS
{quote} A difficult call in my opinion. The upside momentum seems too quick for the uptrend to finish. The 3 dojis that closed for the past few weeks suggest oversold, plus confirmed downswing for the Daily chart. I'd say it is a Bond Shooting Star, I will definitely stay out of it. Anyway, why enter on H4 JPY pairs when NFP is hours away?
This is about what I'm thinking. It does seem a little overextended, but that's an awful lot of momentum north to be trading against. Much better to play it safe and stay out.

I'm currently out of any trades, more because I've dented my confidence again, than because there's nothing to trade. There were a few different trades in EUR and GBP pairs this week that stood out but I didn't take. Sitting on the sidelines untill the market closed and I do my analysis.
  • #12,233
  • Sep 6, 2019 6:01am Sep 6, 2019 6:01am
A chart to watch after today's close... let's see it in Monday..

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDDaily.png Size: 40 KB
Focus, Patience, Discipline, Determination and Perseverance
  • #12,234
  • Sep 6, 2019 7:59am Sep 6, 2019 7:59am
Quoting Suran
{quote} Yes, Miku a BEOB or BEEB would be pretty good confirm the signal. I just closed my EURAUD trade. That was based on PRICE ACTION in worker chart and entered after the H4 Price Action. And it looks good to go more.Will keep my pips. {image} Suranga P.S. About Strat's absence..It would be nice to have him around ..but I am not much concern about not having him around as he already gave it and we just need to keep reading and practicing ...On the other hand its good for him to have a break and do his things...So I am good about it .
Yes Strat has already given us all his knowledge on these 2 threads. We just need to study more and practice. I just feel that many subscribers have stop participating after seeing Strat being inactive.

So be it. Their loss..!
  • #12,235
  • Sep 6, 2019 8:15am Sep 6, 2019 8:15am
Quoting Rub
{quote} This is about what I'm thinking. It does seem a little overextended, but that's an awful lot of momentum north to be trading against. Much better to play it safe and stay out. I'm currently out of any trades, more because I've dented my confidence again, than because there's nothing to trade. There were a few different trades in EUR and GBP pairs this week that stood out but I didn't take. Sitting on the sidelines untill the market closed and I do my analysis.
Sounds like a good idea. A breather is always good to refresh out mind. As Strat said, the market is always there.

Hope you get your mojo back.
  • #12,236
  • Sep 6, 2019 8:20am Sep 6, 2019 8:20am
Quoting Suran
A chart to watch after today's close... let's see it in Monday.. {image}
Looking at it as well, but AUDNZD is a test of patience with such a low volatility..

Perfect resistance level at 1.07 though. Very tempting if it closes this way.
  • #12,237
  • Sep 6, 2019 8:31am Sep 6, 2019 8:31am
I will do a quick post-trade analysis before I go for the weekend.

USDJPY

Boss: Found support at 105 area. Confirmed swing low with a gap (Important, signifies exhaustion).
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYWeekly.png Size: 56 KB

Worker: BUEB on 4th September.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 33 KB

Closed trade at next resistance for quick pips, especially with NFP around the corner.
  • #12,238
  • Sep 6, 2019 8:39am Sep 6, 2019 8:39am
NZDUSD

No confirmation from the Boss, but this candle is too good to pass at 0.63 support.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 85 KB


Wasn't greedy and decided to exit near 0.64 resistance and Strat Shadow. Passed through it like butter in the end. Oh well, a pip is a pip.
  • #12,239
  • Sep 6, 2019 9:10am Sep 6, 2019 9:10am
Quoting MikuSS
NZDUSD No confirmation from the Boss, but this candle is too good to pass at 0.63 support. {image} Wasn't greedy and decided to exit near 0.64 resistance and Strat Shadow. Passed through it like butter in the end. Oh well, a pip is a pip.

That's a nice trade.. NZDUSD Boss chart...see where it turned ...beautiful...

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDmicroWeekly.png Size: 47 KB


Nice keep posting..
Focus, Patience, Discipline, Determination and Perseverance
  • #12,240
  • Sep 6, 2019 6:58pm Sep 6, 2019 6:58pm
Quoting MikuSS
{quote} Sounds like a good idea. A breather is always good to refresh out mind. As Strat said, the market is always there. Hope you get your mojo back.
Thanks MikeSS. End of the day it comes down to a lack of discipline for me. I keep jumping into trades and doing things like moving my TP. I'll get there eventually.

For the week ahead, I like buying AUD, CAD, NZD against everything else. Buy GBP against the USD, but not the commodities currencies, and selling the EUR against pretty much everything. Looks like money is leaving the yen too.
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