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Attachments: Strat's PASR Long Term, Stress Free Trading
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Strat's PASR Long Term, Stress Free Trading

GU 15 Min

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Took awhile this one...

1st Sell stopped out. Reversed idea with 3 successful Buys.

That's me done.

Stay safe and have a great weekend if you can. Keep it positive
Private Msgs are turned off to weirdos, loafs and brain drainers
Quoting BeyondTheSea
GU 15 Min {image} Took awhile this one... 1st Sell stopped out. Reversed idea with 3 successful Buys. That's me done. Stay safe and have a great weekend if you can. Keep it positive
You are trading in the zone!
Trade what you see!
I don't have much experience, certainly I have to go through 10000 hours of trading to control my emotions.
I lost in 2 trades yesterday.
Lessons I learned from them:
1. Do not trade counter trend without a lot of experience.
2. Exit when the price is against my trade.
Feel free to comment on my trades. I really appreciate your comments here!
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Quoting sangnt0904
{quote} You are trading in the zone! Trade what you see! I don't have much experience, certainly I have to go through 10000 hours of trading to control my emotions. I lost in 2 trades yesterday. Lessons I learned from them: 1. Do not trade counter trend without a lot of experience. 2. Exit when the price is against my trade. Feel free to comment on my trades. I really appreciate your comments here! {image}
May be something for you to add on to yesterday's exp. Comments on chart are STRAT'S comments .

You should first try M5 trend trading..then when you get more exp ..move on to other entires
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Focus, Patience, Discipline, Determination and Perseverance
Quoting Suran
{quote} May be something for you to add on to yesterday's exp. Comments on chart are STRAT'S comments . You should first try M5 trend trading..then when you get more exp ..move on to other entires {image}
Thank you very much, Suranga!
Quoting sangnt0904
{quote} You are trading in the zone! Trade what you see! I don't have much experience, certainly I have to go through 10000 hours of trading to control my emotions. I lost in 2 trades yesterday. Lessons I learned from them: 1. Do not trade counter trend without a lot of experience. 2. Exit when the price is against my trade. Feel free to comment on my trades. I really appreciate your comments here! {image}
You answered two main questions yourself, so well done!

Looking at your chart you placed a trade at the London Open or just before. This is when the market floods and will seek to take out positions before it makes a move (in my opinion so not fact). Be wary of a countermove, maybe try starting your trading session at GMT 8:15 or later. Don't jump straight in and be frightened of missing out, that's what is causing the fakeout in the first place. If it does pull away, sit aside and watch instead of trading. Time for a cup of tea.

When trading towards the 200 ema know that price will probably have a reaction to it. Use it to either take profit, protect your trade or add on when you gain experience.

If you are struggling with stops, maybe just exit all trades when your candle closes over the 20 into the Strat Shadow? That way you can build up experience until you figure out what works for you best and you should also win a few to build confidence.

Good Luck.
Private Msgs are turned off to weirdos, loafs and brain drainers
Quoting BeyondTheSea
{quote} You answered two main questions yourself, so well done! Looking at your chart you placed a trade at the London Open or just before. This is when the market floods and will seek to take out positions before it makes a move (in my opinion so not fact). Be wary of a countermove, maybe try starting your trading session at GMT 8:15 or later. Don't jump straight in and be frightened of missing out, that's what is causing the fakeout in the first place. If it does pull away, sit aside and watch instead of trading. Time for a cup of tea. When trading...
Thank you very much, BTS!
Quoting sangnt0904
{quote} Thank you very much, Suranga!

little bit more to add to the discussion.

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hope this helps
Focus, Patience, Discipline, Determination and Perseverance
My trade on 30march - 5minEURUSD
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Faith with Action
Quoting hinnavaru
My trade on 30march - 5minEURUSD {image}

Good one, which indicators u are using? Can u share plz??
Quoting Luciano26
{quote} Good one, which indicators u are using? Can u share plz??
You need to start on page 1 to understand.
Fix up, trade sharp ...
Quoting hinnavaru
My trade on 30march - 5minEURUSD {image}
I see that you traded before the London session on the EU. Does this make me suspect that it is more risky? I will be grateful to anyone who answers my questions. All contributions are appreciated. Best regards!
"Trade what you see!" This is what I am trying to learn and look at on the charts every day. I appreciate everyone's contributions. Best regards!
Quoting sangnt0904
{quote} I see that you traded before the London session on the EU. Does this make me suspect that it is more risky? I will be grateful to anyone who answers my questions. All contributions are appreciated. Best regards!
Trading the M5 time frame at start of a session is more risky (unless you already in a trade). you might get wipsaws ..occasionally london big boys trade opposite the asian session. So if you already in a trade then you should monitor the trade carefully.
Focus, Patience, Discipline, Determination and Perseverance
Quoting sangnt0904
{quote} I see that you traded before the London session on the EU. Does this make me suspect that it is more risky? I will be grateful to anyone who answers my questions. All contributions are appreciated. Best regards!
Yes, trading EUR before London is usually more risky, because when markets open and it will bring liquidity you must manage your trade safely. When you are in trade watch PRICE after but for start is better to wait until London wil open and dust get settled.

MH
Quoting hinnavaru
My trade on 30march - 5minEURUSD {image}
Thank you for your contribute but for all our collegues here please note that this is not STRAT TREND trading strategy. Sure if you had plan and follow it good for you. You MADE MONEY (that is most important on trading) but you could really confuse new traders here.

If you know 5min STRAT TREND TRADING you will enter as my marks after trend established. I donīt know you so I could only guess but it looks that you have more hope than plan? So could you explain your thoughts about this trade?

Below are marked trend trading entries.

Do you see the diference between your guessing and precise entry with low SL based on STRAT TREND teachings? IT GAVE ME 9 REWARD with tight SL on slow mover EUR/USD after London open when went with PRICE in same direction not as you before London open when price going up and down

I donīt want offend you like someone could think I just give you some constructive criticism. Take it or leave it


Green pips to all

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Quoting Mhons
{quote} Yes, trading EUR before London is usually more risky, because when markets open and it will bring liquidity you must manage your trade safely. When you are in trade watch PRICE after but for start is better to wait until London wil open and dust get settled. MH
That Frankenfake and London open usually feel like price is going in both directions taking stops, but nowhere near TP. It is safer to let the market move first. EURUSD was a good example today. Jumping into shorts too fast was risky on m5.
Fix up, trade sharp ...
Quoting hinnavaru
My trade on 30march - 5minEURUSD {image}
I've taken your chart and shown where I would consider entering, see the attached chart. I don't see the point you entered as a valid entry. As others have said, entering before London open can be risky, but that depends on your risk tolerance.
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Thank you very much, Suranga and MH!
Quoting hinnavaru
My trade on 30march - 5minEURUSD {image}
After taking losses yesterday despite having the direction right and trading that way, here's today's effort. More or less break even. There's a couple of points where bearish bars were telling me not to enter any more longs, but I didn't "see" it. It's even clearer if I'd been looking at the hourly.

4hr and 1hr charts are from the start of the day, 5 minute chart is after I finished.
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Quoting Rub
{quote} After taking losses yesterday despite having the direction right and trading that way, here's today's effort. More or less break even. There's a couple of points where bearish bars were telling me not to enter any more longs, but I didn't "see" it. It's even clearer if I'd been looking at the hourly. 4hr and 1hr charts are from the start of the day, 5 minute chart is after I finished. {image} {image} {image}
Mistakes often give me valuable lessons. Thanks for your contribution, Rub!
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