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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

Quoting DuaCaMamMuoi
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}
Your secound trade is wrong
Quoting BDfx77
{quote} Your secound trade is wrong
Why is wrong, can you show me?
thank you
Quoting DuaCaMamMuoi
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}
For starters, I reckon you'd have some support near there with the 1.4000 round number. The first entry is fine, but I would have entered a few candles later for the second. See if you can spot it. There was also a clear indication to get out which I've put a black dot under on your chart below. Of course knowing when to get out and actually doing it are different things as you can see with my last few posts!

Mhons has also given you excellent feedback, pay attention to what he's got to say. The only thing I would add to what he's said is to keep you support and resistance marked, and remember they are zones.
If you have something marked at say 1.4000 there's nothing to say the big boys don't push it down 50 pips to shake everyone out before turning price back around, but you can learn to read the candles to see what they're doing around those areas.
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Quoting Rub
{quote} For starters, I reckon you'd have some support near there with the 1.4000 round number. The first entry is fine, but I would have entered a few candles later for the second. See if you can spot it. There was also a clear indication to get out which I've put a black dot under on your chart below. Of course knowing when to get out and actually doing it are different things as you can see with my last few posts! Mhons has also given you excellent feedback, pay attention to what he's got to say. The only thing I would add to what he's said is to keep you support and resistance marked, and remember they are zones. If you have something marked at say 1.4000 there's nothing to say the big boys don't push it down 50 pips to shake everyone out before turning price back around, but you can learn to read the candles to see what they're doing around those areas. {image}
Thank you, I would also like to consult your further to extend knowledge in the case of GU yesterday
I also have a similar case on GU
GU M5: S / R H4 reaction price is BEEB M5 candles, I out but then the price rebounded sharply
My question 1 is: it's also a reverse candle (BEEB, BUEB) but which case should we keep, which case is exited
GU H4: I have drawn a blue line, a black line
I know that S / R creates and respects price when respecting a few touches
My question 2 is: in this case, is the resistance in blue or black, why?
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Quoting DuaCaMamMuoi
{quote} Thank you, I would also like to consult your further to extend knowledge in the case of GU yesterday I also have a similar case on GU GU M5: S / R H4 reaction price is BEEB M5 candles, I out but then the price rebounded sharply My question 1 is: it's also a reverse candle (BEEB, BUEB) but which case should we keep, which case is exited GU H4: I have drawn a blue line, a black line I know that S / R creates and respects price when respecting a few touches My question 2 is: in this case, is the resistance in blue or black, why? {image}
Mohns might have a better answer, but I probably would have held the trade as the immediate trend on the higher time frame is up and there wasn't a close below the 20EMA into the strat shadow. Plus if you look at it it's still making (slightly higher) lows.

I would definitely have drawn my resistance from the blue line, but i can't see where the black line is drawn from so can't definitely say for that one. It might be the next resistance.

This is part of why trading is so hard, everyone sees thing differently and has different risk tolerances.
Trading GU on my TF M5 today
I exited the trade when RR was 1: 2, a little luck after a series of draws and losses
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Quoting DuaCaMamMuoi
Trading GU on my TF M5 today I exited the trade when RR was 1: 2, a little luck after a series of draws and losses {image}
Keep at it. The more you trade the quicker you'll "get your eye in" as we say here.

BUT do not over trade, so know when to stop otherwise you'll give it all away.
Private Msgs are turned off to weirdos, loafs and brain drainers
Quoting BeyondTheSea
{quote} Keep at it. The more you trade the quicker you'll "get your eye in" as we say here. BUT do not over trade, so know when to stop otherwise you'll give it all away.
Thank you, you gave me a good advice
Quoting BeyondTheSea
{quote} Keep at it. The more you trade the quicker you'll "get your eye in" as we say here. BUT do not over trade, so know when to stop otherwise you'll give it all away.
Sir, i want to chat with u. How can i Connect with you?
Quoting DuaCaMamMuoi
Trading GU on my TF M5 today I exited the trade when RR was 1: 2, a little luck after a series of draws and losses {image}
Nice trade. But, can u please answer why u take your 1st trade?
Quoting BDfx77
{quote} Sir, i want to chat with u. How can i Connect with you?
On here. I don’t do private messages.
Private Msgs are turned off to weirdos, loafs and brain drainers
I haven't had time to trade this month. Read through the thread in my free time. I just want to thank everyone for your contributions.
Quoting nigpig
I'm researching and experimenting with machine learning in python with Strat's trading. If anyone is active in this already, please pm me and we can compare notes.
By the time you have invented a robot to tie your shoelaces I will have circumnavigated the world and tied my own laces many thousands of times.

I’m not intentionally being facetious or sarcastic by the way.

Learning to trade manually and investing in screentime is the path I have chosen.

Time flies by and I’m glad I gave up on EAs before I found this thread. I wasted about 5 years on that stuff and try not to be bitter about it....
Private Msgs are turned off to weirdos, loafs and brain drainers
Quoting BeyondTheSea
{quote} By the time you have invented a robot to tie your shoelaces I will have circumnavigated the world and tied my own laces many thousands of times. I’m not intentionally being facetious or sarcastic by the way. Learning to trade manually and investing in screentime is the path I have chosen. Time flies by and I’m glad I gave up on EAs before I found this thread. I wasted about 5 years on that stuff and try not to be bitter about it....
I also wasted quite some time before I found strat's teachings, but it's been about 2 years in now and I'm starting to put it all together. Might even be on track to hit the three years average he talks about!
Hi everybody,
I have a question about trading on the M1 time frame. Can SR levels be taken from higher time frames like H1 and H4?
I greatly appreciate the comments.
Quoting sangnt0904
Hi everybody, I have a question about trading on the M1 time frame. Can SR levels be taken from higher time frames like H1 and H4? I greatly appreciate the comments.
Hi, I use London Open level, M5, M15 and H1.

I also use swing points as well, see below. Toggle from M1 to M5 as you trade, this sometimes helps you stay in a trade if you are getting spooked.

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Careful with M1 as it can lead to over trading and high broker costs. Very good practice to speed up your chart reading skills though!
Private Msgs are turned off to weirdos, loafs and brain drainers
Quoting BeyondTheSea
{quote} Hi, I use London Open level, M5, M15 and H1. I also use swing points as well, see below. Toggle from M1 to M5 as you trade, this sometimes helps you stay in a trade if you are getting spooked. {image} Careful with M1 as it can lead to over trading and high broker costs. Very good practice to speed up your chart reading skills though!
Thank you very much!
lose on GU
Comment: Today, banks are off, the market is lack of liquidity is the main reason
and price tested resistance on H1 and down => sellers wait until buyers enter the market to sell
Can anybody comment further help me? thanks you
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Quoting DuaCaMamMuoi
lose on GU Comment: Today, banks are off, the market is lack of liquidity is the main reason and price tested resistance on H1 and down => sellers wait until buyers enter the market to sell Can anybody comment further help me? thanks you {image}
You have already answered your own question: lack of liquidity - where is the edge for a good Price Action trade?
Fix up, trade sharp ...
NZD CHF stopped out.

Got a list of pairs that could be turning into good setups, but unfortunatelly discarded these 2. Notes on the images.

Comments welcome.
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