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Strat's PASR Long Term, Stress Free Trading

  • #12,661
  • Feb 2, 2020 4:09am Feb 2, 2020 4:09am
Quoting PipTracy
Watching CHF/JPY {image}
This is just interesting pair, both JPY and CHF are pumped up when fear on the market is looming.
So which one wins in this situation?
  • #12,662
  • Feb 2, 2020 7:31am Feb 2, 2020 7:31am
for all of you but especially for you bistolis. thanks for your help.

corona virus is the main driver of the markets atm....

keep your eyes on S&P 500 (US500) short.....and XAUUSD (Gold) long......

these are not short term plays so if you guys can get your Strat Shadow showing positive signs on the Daily on these...well. Christmas 2020 may happen this week or next.....

Happy Trading boys & girls.....
If at first you don't succeed, try, try again.
  • #12,663
  • Feb 3, 2020 3:59am Feb 3, 2020 3:59am
EURNZD M5

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Focus, Patience, Discipline, Determination and Perseverance
  • #12,664
  • Feb 3, 2020 7:07am Feb 3, 2020 7:07am
Are you using M30 & H4 for your htf ? You don't draw the Support & Resistance lines ? What was the trigger ? It seems you entered on a bullish candle an no pinbar/outside/engulfing.
  • #12,665
  • Feb 3, 2020 7:23am Feb 3, 2020 7:23am
I usually wait until market calm down after stock opening but today I made decision to enter only few minutes after open because of high potencial risk reward. First scout was sent only for half position in case of fas SL hit . It went in my favour immidietelly but if trades go wrong I will close posiiton fast. I will reconsider entering too soon next time. This was lucky and I made mistake. I will be punished next time. ANother lesson learnt

Green pips to all

Visual in MT4

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MH
  • #12,666
  • Feb 3, 2020 8:09am Feb 3, 2020 8:09am
My first post.

Kindly comment if i got it wrong. M5 for EU Chart
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  • #12,667
  • Feb 3, 2020 11:47am Feb 3, 2020 11:47am
Quoting intergrity
My first post. Kindly comment if i got it wrong. M5 for EU Chart {image}
Hi Integrity

Good effort. I would have taken profit on the 1st trade and then re-entered on the others.

Keep at it. If you are actually trading you can pull your trade onto MT4 and it will draw in your actual trade taken on the chart. I always do this to show people my entries and exits for real.

Cheers

BTS
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,668
  • Feb 3, 2020 10:12pm Feb 3, 2020 10:12pm
Hi PASR Trader,

My first Post attempt, kindly comment on the approach and analysis. Thanks

Pair: EURUSD

Monthly Chart: Down trend as price is under 20 and 50 EMA.

Weekly Chart: Current price is within WCC.

Daily Chart: The previous daily candle for and Inside Bar within the bullish candle. It will be good to look for long however there are immediate daily resistance. Therefore the plan is wait for the price to clear the WCC to give me a better picture.
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  • #12,669
  • Feb 4, 2020 4:27am Feb 4, 2020 4:27am
Quoting Ezym
Hi PASR Trader, My first Post attempt, kindly comment on the approach and analysis. Thanks Pair: EURUSD Monthly Chart: Down trend as price is under 20 and 50 EMA. Weekly Chart: Current price is within WCC. Daily Chart: The previous daily candle for and Inside Bar within the bullish candle. It will be good to look for long however there are immediate daily resistance. Therefore the plan is wait for the price to clear the WCC to give me a better picture. {image} {image} {image}
I personally don't see a trade on those timeframes in this pair currently. I might get interested at 1.10 level or 1.09 level.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,670
  • Feb 4, 2020 5:12am Feb 4, 2020 5:12am
Quoting BeyondTheSea
{quote} I personally don't see a trade on those timeframes in this pair currently. I might get interested at 1.10 level or 1.09 level.
Thanks for your response, yes currently no trade for this pair .
  • #12,671
  • Feb 4, 2020 6:32am Feb 4, 2020 6:32am
GBPJPY M5

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EURAUD

Missed this beautiful trade
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Focus, Patience, Discipline, Determination and Perseverance
  • #12,672
  • Feb 4, 2020 7:59am Feb 4, 2020 7:59am
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I will try to participate and demonstrate results...
Faith with Action
  • #12,673
  • Feb 4, 2020 11:10am Feb 4, 2020 11:10am
Comments anyone? This pretty much went straight to my stop loss. I thought I had plenty of room to resistance, nice looking hammer, right off the shadow. Even within the fib entrancement of the swing. Trade off the 4hr chart.
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  • #12,674
  • Feb 4, 2020 11:50am Feb 4, 2020 11:50am
Quoting Rub
Comments anyone? This pretty much went straight to my stop loss. I thought I had plenty of room to resistance, nice looking hammer, right off the shadow. Even within the fib entrancement of the swing. Trade off the 4hr chart. {image} {image} {image}
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H4

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Worker

Not seeing the wood for the trees... and fear of missing out!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,675
  • Edited 3:18pm Feb 4, 2020 3:05pm | Edited 3:18pm
Quoting BeyondTheSea
{quote} {image} H4 {image} Worker Not seeing the wood for the trees... and fear of missing out!

Not seeing the wood for the trees... and fear of missing out!


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #12,676
  • Feb 4, 2020 6:00pm Feb 4, 2020 6:00pm
Pair EURJPY

Big Boss: Previous month form a Bearish Engulfing candle and the price is below 20 and 50 EMA.

Boss: Price is Still within the WCC, Basic PASR apply, and it can be seen that the current price is at the resistance(weekly)and the 20 EMA could be another strong resistance. Looking for short in these areas.

Worker: 20 and 50 EMA is close to each other. The current price is still below them as such will be looking at PA for Short signal.
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  • #12,677
  • Feb 4, 2020 10:35pm Feb 4, 2020 10:35pm
Quoting BeyondTheSea
{quote} {image} H4 {image} Worker Not seeing the wood for the trees... and fear of missing out!
Thanks, I had resistance marked quite a bit higher around 1.6750. It's bloody frustrating I can't even seem to get something basic like that right after all this time.
Quoting emmanuel7788
{quote} Not seeing the wood for the trees... and fear of missing out! {image}
I don't know about fear of missing out, this is only my third trade for the year so far, discounting demo trading the shorter time frames. Mind you I haven't had any profitable trades....
  • #12,678
  • Feb 5, 2020 6:08am Feb 5, 2020 6:08am
@Rub
Are you using the simple technique of line charts to draw your SR levels ?
Turn your chart to line chart, and find peaks & valleys, draw a horizontal line that connects as many as possible. The best ones are one that were used as support AND resistance.
Do that on your first higher time frame (for example MN1), then jump to your second higher time frame (for example W1) and do the same, then turn your chart back to candles on your 'WORKER'/trading time frame (for example D1) and wait for signals !
That usually works pretty well.
And if peaks & valleys don't seem to align, drawing a larger zone, or placing your SR in the middle, should give pretty good results.
Hope this helped !
Cheers.
  • #12,679
  • Feb 5, 2020 7:21am Feb 5, 2020 7:21am
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Missed the trade today
Faith with Action
  • #12,680
  • Feb 5, 2020 8:13am Feb 5, 2020 8:13am
Quoting Ezym
Pair EURJPY Big Boss: Previous month form a Bearish Engulfing candle and the price is below 20 and 50 EMA. Boss: Price is Still within the WCC, Basic PASR apply, and it can be seen that the current price is at the resistance(weekly)and the 20 EMA could be another strong resistance. Looking for short in these areas. Worker: 20 and 50 EMA is close to each other. The current price is still below them as such will be looking at PA for Short signal. {image} {image} {image}

Hi Ezym

Price might just continue running up and down within that WCC. There are not a lot of pips to trade within the candle either even on lower time frames. Might be better to look for another pair while the WCC gets resolved on this pair.

Regards
Pete
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