GN Quick 50 {image}
NVM I just read a post from strat about the 5m trend strategy
Thanks
Strat's PASR Long Term, Stress Free Trading
- #13,061
- Edited 4:01pm Apr 7, 2020 2:58pm | Edited 4:01pm
NVM I just read a post from strat about the 5m trend strategy
Thanks
- #13,067
- Apr 7, 2020 11:44pm Apr 7, 2020 11:44pm
This is my second Basic PASR trade I have just taken. Pair is NZD CHF. Why I entered: Price has respected the 20 EMA (red line) in the previous months Very close to the 20 EMA, there is a resistance as well at 0.5795. Price has touched the resistance many times but it still holds Price formed a small body hammer (a case could be made for a doji) Good Risk:Reward ratio 1:3 Trade was done on a demo and lot size is 0.01. Comments welcome. Cheers. {image}
Focus, Patience, Discipline, Determination and Perseverance
- #13,069
- Edited 2:18am Apr 8, 2020 1:58am | Edited 2:18am
- | Joined Apr 2017 | Status: Trader | 511 Posts
{quote} Do you mind if i ask why you traded the counter trend? What was the big boss and boss up to at the time, or was it more of a PASR entry. I only ask because I am new and slowly making my way through the data so am just curious really. NVM I just read a post from strat about the 5m trend strategy
This what I saw at the time; starting with price stopping, then I notice the big bearish bar at the end of a biggish trend, then consolidation and then a trend forming within that consolidation.
When I see this stuff I'll go higher to have a look at what might be happening.
Looking at the H1 chart I formed, rightly or wrongly my own story..
I was looking for a higher take profit but it then it went into a wicked 60 pip range afterwards which GBPNZD does, it has since got to where I thought it was heading. It can be difficult to trade so be careful.
Private Msgs are turned off to weirdos, loafs and brain drainers
- #13,071
- Apr 8, 2020 2:53am Apr 8, 2020 2:53am
{quote} {image} This what I saw at the time; starting with price stopping, then I notice the big bearish bar at the end of a biggish trend, then consolidation and then a trend forming within that consolidation. When I see this stuff I'll go higher to have a look at what might be happening. Looking at the H1 chart I formed, rightly or wrongly my own story.. {image} I was looking for a higher take profit but it then it went into a wicked 60 pip range afterwards which GBPNZD does, it has since got to where I thought it was heading. It can be difficult...
{quote} I don't see anything wrong with this, it's even from the top of a WCC. The only thing that bothers me is it doesn't "stand out" at the top.
To me this is a risky trade.comments are on the chart.Just my thoughts.
Good effort. Maybe start your postings with what the Big Boss, Boss and Worker looks like as well? Learn about trend reversals.
Lose the simulated broker volume, it's useless to you and takes up your screen space.
Hi everybody Today, I have a trader on USDCAD I escaped by myself when the candle closed into the shadow, a very small loss Can anybody comment on this trader help me, thanks {image}
2. second where are your S/R zones? You are like driver without eyes
3. Besides all of above you opened trade 1 hour before NY open, PRICE touched support twice YOU WOULD´VE KNOW THAT IF YOU HAVE THERE SUPPORT and reversed after NY open, keep going you will get there but you should more read than trade or you will loose all your money.
Green pips
MH
