Strat's PASR Long Term, Stress Free Trading

Quoting Udkox

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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. {image} {image}

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Quoting Rub

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Two reasons I wouldn't have taken the USDCHF are the Swiss central bank likes to manipulate the currency (so I don't touch the CHF), and that highlighted candle just doesn't stand out and scream "trade me!" like it should. It's small and insignificant compared to past candles, just look at the start of the run up you posted. Finally, if you've got the time with the virus stuff going on I do recommend the boot camp sessions. I've learned a great deal over the last couple of weeks where I've been doing it pretty much every day.

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Quoting Udkox

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{quote} Thanks Rub, good to know. I haven't studied any macro-economics yet, so I'll look into that. What boot camp are you referring to ?

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Quoting Rub

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{quote} This one: https://www.forexfactory.com/showthr...86#post2947786 There are also other posts in this thread about using the 5 minute charts to hasten the learning curve, with 1hr and 4hr as support and resistance levels. Having said that, it's worth reading both thread from start to finish.

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Quoting DuaCaMamMuoi

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Hello everyone, wish everyone a lucky day trader I have 2 transactions today sell EJ: win Buy EU: lose price hit the stoploss, then increased sharply When trader M5, I was very concerned about: stoploss set above / below MA72 or set high / low? Can anybody give me advice thanks {image} {image}

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Quoting DuaCaMamMuoi

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Hello everyone, wish everyone a lucky day trader I have 2 transactions today sell EJ: win Buy EU: lose price hit the stoploss, then increased sharply When trader M5, I was very concerned about: stoploss set above / below MA72 or set high / low? Can anybody give me advice thanks {image} {image}

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Quoting DuaCaMamMuoi

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Hello everyone, wish everyone a lucky day trader I have 2 transactions today sell EJ: win Buy EU: lose price hit the stoploss, then increased sharply When trader M5, I was very concerned about: stoploss set above / below MA72 or set high / low? Can anybody give me advice thanks {image} {image}

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Quoting Szpons

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{quote} Hi, 1. Have you checked how high volatile are those pairs you've decided to trade on 5M? and why it is important? Here is old Strat's vol list: https://www.forexfactory.com/showthr...8#post10493138 It worth to check once a while what changed although Top10 usually stays the same and to help you here is why: https://www.forexfactory.com/showthr...6#post10445206 2. In case of SL on EJ you've used last swing high, on EU current one. For the most R:R you should go with current swing. Sometimes...

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Quoting Mhons

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{quote} When you will understand enough how PRICE behave in trend you will not need swing/high or lows anymore, it does not matter if current or previous. For maximazing profit from TREND TRADING use SL above/below entry candle depends on up or downtrend. If you want to still put SL above swings it is not PASR TREND TRADING anymore. Instead of asking others ask yourself and try to answer it. This will move you a lot Please read the thread or at least use FIND keywords in those threads and not ask question that has been answered thousand...

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Quoting wtjfree

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Hi, this is my H1 trade entry for GBPNZD, I don't have enough time to watch market today. BIG BOSS: D1: Up Trend with HL within WCC. BOSS: H4 : CLOSED just about above the Strat Shadow and same level of previous S/R. Work: H1: Closed above shadow and entry with the higher after BUEB SL: about previous low TP: I would like move SL to entry when RR is 1:1. wait PA to close the trade. Thank you for any common. {image} {image} {image}

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Quoting tommyFL

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Is anyone on dailys anymore?

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Quoting DuaCaMamMuoi

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{quote} I have 6/10 pairs of the most volatile day of the day as Start's taught, but when 6/10 pairs of trends don't have a clear trend, I choose the EU instead. but I was wrong, if 6/10 pairs have no signal, I should spend time for life instead of wasting time looking for another pair. Start's taught: M5 advantage is small stoploss but big profit-taking. but my mentality changes every time the price hit my stoploss, I will need time to practice psychology according to the PASR trend thanks for your advice

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Quoting Rub

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{quote} Consider taking some off at the first resistance to appease the little people, but that's about the only suggestion I have. Otherwise you have a clear plan for the trade and all the time frames line up. {quote} I take trades on the daily if I see them, but I'm also very wary of the volatility at the moment. Living somewhere that's effectively got me stuck at home I have heaps of time to watch the 5 minute charts, so I've have been and learned quite a bit. {quote} Remember that it's strat's 5 minute trend trading. No trend, no trade. Go out...

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Quoting tommyFL

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Is anyone on dailys anymore?

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Quoting Udkox

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{quote} I try! I started recently, and struggle so much to find setups on the daily.

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Quoting tommyFL

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{quote} Me too. I was doing ok and got burned a few times a couple of weeks ago, now I just don't see any setups.

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