Strat's PASR Long Term, Stress Free Trading

Quoting Szpons

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Hmm, I was thinking if I should post this 5M trade but maybe it would be helpfull for someone's learning pourposes. Is anyone up to the challange to decode why I took it? {image}

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Quoting Mhons

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{quote} Profit is profit. But I am really curious what has common Daily timefrime with your M1 trade. Or what is your initial timeframe for entry? I cannot recognize it from your screen. Entry M5 and monitor trade at M1 or opposite? Thanks for explanation. MH

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Quoting Szpons

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Hmm, I was thinking if I should post this 5M trade but maybe it would be helpfull for someone's learning pourposes. Is anyone up to the challange to decode why I took it? {image}

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Quoting JCMPete

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{quote} Hi Szponz I am glad you posted this trade as it really provides an opportunity to discuss Strat's 5M Trading Strategy. My immediate gut response is that you were lucky to be on the right side of the knee jerk stop run at London open after which the market just fizzled out. I see the Shooting star type candle on the daily that could have influenced your thought and that may very well pan out during next week. But we must take note that the Strat Shadow is flat. However, there are 1440 minutes in a day, and 288 5 minute candles in a day. As...

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Quoting voynich

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Although I have tried, read the path, and over 6 months to read 66x pages here, I still have difficulty identifying important SR levels. I see that every time frame is full of SR levels (SR area) I take for example the EJ (H4) case I met For example, I trade in time frame M5 (H4 / H1 / M5) EJ M5 is up, I am looking to buy but above EJ everywhere is resistance, everyone says and statr's teaches us: don't buy resistance (here is the big resistance) I have 2 questions Question 1: SR levels are important in the 5 levels I draw? Question 2: With 1 pair...

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Quoting Rub

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With not a lot else to do tonight, I was trying to trade the 5minute charts. In retrospect I traded into the 1hr 200ema. Twice. Still break even is better than a loss, even though I could've taken a ok profit on the first trade. {image} {image} {image}

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Quoting Mhons

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{quote} Good try Rub, well there will be almost always some dynamic/ static S/R zones. Important is decide if these are important or not and how PRICE react at these levels.If you will check all moving averages minor S/R and so on you will end up paralysis over analysis. When you see nice momentum moves with small retraces at M5 just go for it (rememeber just as smooth toothblade) For your little people it always good close small part of your open position in decent profit, but Trade managament depends on your own, usually this will decide if you...

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Quoting Rub

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Also had GBPJPY, but I've realized I tried to hop on a trend that hadn't established yet on 5 minute charts. 4hr was making lower highs, but although this straddled the strat shadow, there was no follow through and price just hung around my entry. Might have entered too early in London too. Oh well, I'll try to learn from it, but now it's time for beers I think. Only Wednesday and it's already been a bloody long week. {image} {image} {image}

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Quoting sajmon

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Can anyone tell me where I can find the rules of this system?

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Quoting Mhons

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{quote} From your posts Rub it looks like that you are from time to time confused from multitimeframe analysis, moving averages S/R areas and PRICE isn´t it? Did you try practising only PA with S/R. It could be profitable also. Today is pretty awesome example {image}

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