Disliked{quote} Please explain the bold underlined statement. Or do you mean " do not trade in the Strat Shadow " ?Ignored
You attract what you think in any area of life, relationships and trading!
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Disliked{quote} Please explain the bold underlined statement. Or do you mean " do not trade in the Strat Shadow " ?Ignored
DislikedIs anyone here still trading the long term (daily, weekly, monthly) consistently? I‘m using PASR only for daily and up, for intraday I use other strategies, however most profitable ist still long term pasr. at the moment it is however little difficult to find good long term charts where all the TF‘s are lined up. what‘s your opinion?Ignored
DislikedIs anyone here still trading the long term (daily, weekly, monthly) consistently? I‘m using PASR only for daily and up, for intraday I use other strategies, however most profitable ist still long term pasr. at the moment it is however little difficult to find good long term charts where all the TF‘s are lined up. what‘s your opinion?Ignored
Disliked{quote} About " do not trade in the WCC" i mean that i do not trade when the price is trapped inside the WCC. I used to trade like WCC does not exist. I checked what is happening and most of my losses were when price was trapped inside the WCC. From my reading in the forum I knew that the price is supposed to range inside the WCC, but i did not believed it fully. I do not trade the top or bottom of the WCC as basic PASR. I have never tried it. My results were 45 wins and 105 losses when trading like WCC does not exist. Total profit was 16%...Ignored
DislikedExample of a gigantic WCC due to the length of the move March 15th. Price moved back to the top of the WCC and traded in a nice daily range providing PASR opportunities. This lasted several weeks and finally price broke through the top of the WCC May 26th and a potential WCC formed. Drop to H4 and trade that Potential WCC for a nice trend trade up to BRN .6500 where price closed last week with a new potential WCC. Price also closed above BB high (green horizontal line) so now BB and Boss are in up swing. Watch price action in this area. Bottom line...Ignored
Disliked{quote} Don't give up mate!!! Always make sure to try one more time. Go back to demo again. I will not give up. I spent last 3 years learning and studying not only this thread but others too. Thats the one i like most. Try different time frames lower your goals a little bit that will help for sure. In my opinion start to test on simulators. Some people say that they dont help but this aint true. It helped me a lot. Its will help you to gain confidence and skill faster. I just got finished testing 11 pairs for 2 weeks on 4hr chart worker, daily boss...Ignored
Disliked{quote} Also make sure you write a journal and write down everything. Statistics is the way to do it. I have never believed in the statement "do not trade in the WCC". I did it. After the review i saw that is not worth it for me. Thats the way to do it! Test it and prove to yourself what is working and what is not. If you keep a journal it will be easier to find where do you struggle most. I did the same thing. I proved myself that is not a good idea to trade against the big boss or Strat shadow. That helped me a lot and i started to make less and...Ignored
Disliked{quote} The good thing is that you found out problems. Harder part will be to not make them again. Usually trading affects also other life goals and part of life that you not even think of before. I hope that this is the case and as we say in our country everything bad is also good for something ( I am not sure here about translation). Take a break maybe for a while as you wrote. Also is there any possibility how we (I) could help you? If yes post some charts or notes from journal. Stay safe mate MHIgnored
Disliked{quote} looks like you wiped out 50% of the initial deposit(correct me if I am wrong) ,and that is for just 8 trades. means you risking more than 6% per trade. thats not a sound money management.Ignored
DislikedFrom another batch of PASR. I am also interested in shares. Main reason is diversifications of my portfoilo. Some of are for dividends some for speculating but that is different story. What I want to share and show for those who still not trust in PASR. Problem is that most of the people do not trust PRICE ACTION because they did not study it deeply. They did not take time to learn and focus on it! Just tried it threw it into basket and said it did not work. It is the same like you could put chart of temperature and you could still draw support...Ignored
DislikedThanks Pete, I am planning to start posting more frequently here, there doesn't seem to be too much interest in this thread at the moment but it is one of the best out there so I would like to provide my insight to new traders. I also find that posting provides me with a better understanding of what is going on rather than just analyzing on my own. I will be staying away from low time frames, lowest I want to trade is H4 but may consider H1 if it makes sense. I had tried M5 but most of the moves on this timeframe occurs during the London session...Ignored
DislikedHello everyone, I took a little bit of a break again and reviewed the trades of the last couple of months.Ignored
Disliked{quote} Hi Terry Yes interest does seem to be flagging and I am also guilty of not posting regularly either. And it is really a good thing because as you say by posting you gather insights in your own trading as well. Best way to learn is to teach. I have not had much success on 5M either as London overlaps with my working day and have not been able to really focus on it. I guess I understand the theory behind it but in order to make it my own I need to put it into practice. Regards PeteIgnored
Disliked{quote} Without pupils there is no need of teachers. I had same problem as you about focusing on London sessions during my job period so I moved to volatile markets in NY/Chicago sessions that solved my problems for TREND trading maybe give it a shot. MHIgnored
DislikedExample of a gigantic WCC due to the length of the move March 15th. Price moved back to the top of the WCC and traded in a nice daily range providing PASR opportunities. This lasted several weeks and finally price broke through the top of the WCC May 26th and a potential WCC formed. Drop to H4 and trade that Potential WCC for a nice trend trade up to BRN .6500 where price closed last week with a new potential WCC. Price also closed above BB high (green horizontal line) so now BB and Boss are in up swing. Watch price action in this area. Bottom line...Ignored
DislikedHere's the trade I took yesterday. There was a good 200 pips to the next support, but it stopped me out this morning my time, and not just from the crazy wide spread just after the market open. I reckon I took a decent entry for a basic PASR trade. The market has shown me different. Comments? {image}Ignored