Strat's PASR Long Term, Stress Free Trading

Quoting Rub

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{quote} I am in a similar trade, but still holding. GBP is a dumpster fire at the moment, and I have confidence it will drop lower. Having said that, we are seeing a reaction at this level, and if I see price action telling me to exit I will. Also still holding my EURAUD trade from earlier. Seeing lots of opportunities this week on the daily charts. EURUSD at the time of posting has my interest for example, as does AUDCAD and a few others I'm watching. Might post some charts after work and the close for the day. EDIT: Here's some of the charts I've...

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Quoting Cj.cn

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{quote} Hi, Rub some hindsight. I think your most signals are not good. How do you think about these Support zone/Resistance zone below or above your signal? Do you pay more attention to TREND? {image} {image} {image} {image} {image}

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Quoting ssppiikkyy

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Hi, I am still really new on the Path of Learning and thought maybe I could get feedback on a recent trade I made on the EUR/USD that I was stopped out 2 days later. I took the trade because of the following Shooting star on 8 October 2019 Fib retracement at 23.6% 20MA acting as resistance for the past 3 daily candles Resistance at downward trendline Daily, Weekly & Monthly are all bearish Trading with the trend My plan was as follows: Sell stop below shooting star at 1.0949 Stop loss above shooting star at 1.1011 1st take profit – 1.0900. Stop...

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Quoting Rub

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{quote} I've marked with an arrow the candle of the 8th on my feed. I wouldn't call that a shooting star. For me the fairly long wick to the bottom would put me off. While I think you are quite correct to see the rejection of the 20ema area, there's no follow through, support is quite close, and there's not really a candle that stands out to me like the dog's proverbial's. We are also currently in a weekly control candle (consolidation), however I think you've got it mostly right. Brexit is going to create come volatility, especially toward the...

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Quoting ssppiikkyy

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{quote} Thanks Rub. I'm not too sure why my attachments are not showing up. I'm trying again to see if it they do show up. {image} {image} {image}

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Quoting Suran

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{quote} Hi , you got a pretty good commment from Rub. Just wanted to add a little bit. check the below chart. 1.Whats that box tell's you? 2. And that weekly Hammer (almost)? you trading against it. PRICE is bit away from Boss Strat shadow. especially 20MA. and it has tendency to pull the PRICE back to it. so your trade was risky. And no proper setup candle {image}

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Quoting Suran

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{quote} Hi , you got a pretty good commment from Rub. Just wanted to add a little bit. check the below chart. 1.Whats that box tell's you? 2. And that weekly Hammer (almost)? you trading against it. PRICE is bit away from Boss Strat shadow. especially 20MA. and it has tendency to pull the PRICE back to it. so your trade was risky. And no proper setup candle {image}

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Quoting Rub

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{quote} I also should've mentioned if you'd entered a trade using a sell stop below the low of the candle you wouldn't have had it triggered.

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Quoting ssppiikkyy

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{quote} My sell stop was below the 8th October candle (red box), which was triggered the following day. Chart attached. {image}

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Quoting ssppiikkyy

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I took the trade because of the following Shooting star on 8 October 2019

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Quoting FxMachina

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{quote} Hello ssppiikkyy, On that chart, those red arrows...are they from an indicator? If so, which indie? Or are they arrows that you put manually...hum...don't look like they are from the fibo thing... Well I'm speculating...looking forward for your answer. Thanks

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Quoting strat

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PASR {quote} Confirming Rub's comment, that candle was NOT and never will be, a Shooting Star! See my post above # 12,451 for examples of a HAMMER and SHOOTING STAR on M5 and M15. These PASR candle have to be in SPECIFIC locations - yours was NOT.

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Quoting strat

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GBPUSD PASR {image} {image}

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Quoting ssppiikkyy

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{quote} Hi FxMachina, I was trying to identify swing highs and lows.

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Quoting darko2010

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I don't have much trading experience, but this is so far the worst environment I have seen on FX, metals and indices. I am sure some will show me great charts with carefully selected timeframes and, thanks to hindsight, tell me such and such move was obvious, but the fact is that it isn't. Trump with his fake trade war, Brexit fake rumours and the central banks going for negative rates have truly rigged the environment. It's not just the retail investor who is lost, so are institutional investors. It's now risk on/off several times a week. A single...

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Quoting Mhons

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{quote} I trade forex only for few years but everytime there was human emotions. It doesn´t matter if it is Trump, Crude Oil, new war caused by Turkey, Brexit or something else. You cannot live in quiet peaceful world it is against human nature. You have to deal with it. If you had really bad results past weeks/months it is easy to blame this stuff. Just move on you will figure it out later. Wish you best MH

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