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Strat's PASR Long Term, Stress Free Trading

  • #13,341
  • Edited 8:08am Aug 24, 2020 7:06am | Edited 8:08am
sure
http://www.screencast.com/t/c7h0VTMRT

i got it now thanks for the help
  • #13,342
  • Aug 25, 2020 3:45am Aug 25, 2020 3:45am
Quoting remicartier
Do you have the url of the broken video ? Most of them are flash ones. They should almost be converted to mp4 and upload to youtube
Hello remicartier,
Do you still use Strat Scanner?
  • #13,343
  • Aug 25, 2020 10:44pm Aug 25, 2020 10:44pm
Quoting Sanji
Hi everyone, I'm a new member here. I have made 3 trades on GBPAUD and 2 trades on GBPCAD with a small loss on the total. Can anyone give me advice on the exit? Thank you SM {image} {image}
Here's my take on the first one, see picture for what numbers.
1. Good entry, well done.
2. I don't see an entry here, too close to support and the candle has a nasty little wick.
3. Similar to 2, nasty wick and it doesn't close strongly below support.

The GBPCAD trades neither of the two entries you took I would regard as valid trades. There might be one with the big bearish bar after your entries, but there's not really a trend established. The EURNZD paper trades look better.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM5.png Size: 28 KB
  • #13,344
  • Aug 25, 2020 11:18pm Aug 25, 2020 11:18pm
Quoting Rub
{quote} Here's my take on the first one, see picture for what numbers. 1. Good entry, well done. 2. I don't see an entry here, too close to support and the candle has a nasty little wick. 3. Similar to 2, nasty wick and it doesn't close strongly below support. The GBPCAD trades neither of the two entries you took I would regard as valid trades. There might be one with the big bearish bar after your entries, but there's not really a trend established. The EURNZD paper trades look better. {image}
Thank you very much
I will take note of your opinions, especially candles with wicks.
  • #13,345
  • Edited 11:52pm Aug 25, 2020 11:40pm | Edited 11:52pm
Hi Rub,
This is Paper Trades on GBPJPY yesterday, can you give me some comments on this?
(I changed my broker because of the timing of the candles, the vertical blue line is London Open)
Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.PNG Size: 35 KB
  • #13,346
  • Aug 26, 2020 12:24am Aug 26, 2020 12:24am
Hi all,
Yesterday I didn't have time on my computer, this is Paper Trades on EURNZD, please give me some comments on these trades, would appreciate any comments.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM5.png Size: 48 KB
  • #13,347
  • Aug 26, 2020 1:40am Aug 26, 2020 1:40am
Quoting Sanji
Hi all, Yesterday I didn't have time on my computer, this is Paper Trades on EURNZD, please give me some comments on these trades, would appreciate any comments. {image}
I've put a dot underneath the entries I would've been comfortable with. Most of the entries you've highlighted are perfectly valid, but I've tagged the ones I would've been comfortable taking. Bear in mind I've only ever lost money on lower time frames like this.

GBPJPY was by far the better one to trade. Can you see how it's trending, but the EURNZD pair was ranging? It may help to look at a higher time frame like the hourly.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYM5.PNG Size: 29 KB
Click to Enlarge Name: EURNZDM5.png Size: 38 KB
  • #13,348
  • Aug 26, 2020 2:05am Aug 26, 2020 2:05am
Quoting Rub
{quote} I've put a dot underneath the entries I would've been comfortable with. Most of the entries you've highlighted are perfectly valid, but I've tagged the ones I would've been comfortable taking. Bear in mind I've only ever lost money on lower time frames like this. GBPJPY was by far the better one to trade. Can you see how it's trending, but the EURNZD pair was ranging? It may help to look at a higher time frame like the hourly. {image} {image}
Thank you so much Rub.
I will take note of the entries you highlight.
I really like BeyondTheSea's trading style, I spent over 2 months rereading his posts. But with your help, I will adjust my entries so I feel comfortable.
  • #13,349
  • Aug 26, 2020 2:11am Aug 26, 2020 2:11am
I missed this good entry while following other pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM5.png Size: 33 KB
  • #13,350
  • Aug 26, 2020 2:19am Aug 26, 2020 2:19am
EURNZD, M5
I followed this pair but price close on Big Round Number (red line), so I didn't enter there.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM5.png Size: 30 KB
  • #13,351
  • Aug 26, 2020 11:12am Aug 26, 2020 11:12am
Quoting Sanji
EURNZD, M5 I followed this pair but price close on Big Round Number (red line), so I didn't enter there. {image}
You have too many lines on your chart. If you will continue like this there will be always line against your entry

MH
  • #13,352
  • Aug 26, 2020 8:35pm Aug 26, 2020 8:35pm
Quoting Mhons
{quote} You have too many lines on your chart. If you will continue like this there will be always line against your entry MH
Thank you MH.
Can you give me examples of charts I have posted?
I am gradually improving my SRs, I would appreciate you if you get your SR guidance.
  • #13,353
  • Aug 27, 2020 12:28am Aug 27, 2020 12:28am
Quoting Sanji
{quote} Thank you MH. Can you give me examples of charts I have posted? I am gradually improving my SRs, I would appreciate you if you get your SR guidance.
Do your homework. Go and search clues in both threads. You will find a lot of valuable comments to S/R zones. How to draw them for standard PASR, for M5 TREND TRADING and so on.

There is no need for guessing. Just go and search for it.

MH
  • #13,354
  • Aug 27, 2020 2:24am Aug 27, 2020 2:24am
Quoting Mhons
{quote} Do your homework. Go and search clues in both threads. You will find a lot of valuable comments to S/R zones. How to draw them for standard PASR, for M5 TREND TRADING and so on. There is no need for guessing. Just go and search for it. MH
Thanks for your feedback MH.
I will reread carefully this thread.
  • #13,355
  • Aug 27, 2020 2:39am Aug 27, 2020 2:39am
Hi all,
Here is my analysis and trading plan
GBPJPY
Big Boss
Bullish PA at last months
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYMonthly.png Size: 44 KB

Boss
Bullish, wait for price break last swing high - R
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYWeekly.png Size: 43 KB

Worker
Bullish but this month is consolidating
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 38 KB

My plan: Wait for price break last swing high on Boss to go long next month.
  • #13,356
  • Aug 27, 2020 4:12am Aug 27, 2020 4:12am
I see good price structure per 1 min, but hard to trade, price moves too fast.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 36 KB
  • #13,357
  • Aug 27, 2020 5:17am Aug 27, 2020 5:17am
Hi all,
I am re-learning how to draw SR for trading with PASR strategy. Maybe my drawing of SR is not the right strategy, so I'm ready to learn again, I hope to get a lot of help to improve my trading skills.
Please comment on the SR on the GBPNZD charts below.
Any help is appreciated!
Sanji

GBPNZD
Big Boss
Black line is SR of BB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDMonthly.png Size: 50 KB

Boss
Dash line is SR of B
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDWeekly.png Size: 56 KB


Worker
Red line will be a Resistance if this swing high is confirmed?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDDaily.png Size: 37 KB
  • #13,358
  • Edited 6:25am Aug 27, 2020 5:34am | Edited 6:25am
Quoting JCMPete
{quote} Interesting how different time frames produce different opportunities...below is my 1 hour trade on AudUsd Regards Pete {image}
Hi Pete,
I analyze this entry with your trade done on AUDUSD. But entry candle have wick.
Did you enter this trade on H1?

EDIT: After Fed Chair Powell Speaks, my target reached.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 55 KB
  • #13,359
  • Aug 27, 2020 5:53pm Aug 27, 2020 5:53pm
Hi, Sanji
Quoting Sanji
Hi all, I am re-learning how to draw SR for trading with PASR strategy. Maybe my drawing of SR is not the right strategy, so I'm ready to learn again, I hope to get a lot of help to improve my trading skills. Please comment on the SR on the GBPNZD charts below. Any help is appreciated! Sanji GBPNZD Big Boss Black line is SR of BB {image} Boss Dash line is SR of B {image} Worker Red line will be a Resistance if this swing high is confirmed? {image}
IMO,

Monthly
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDMonthly.png Size: 34 KB

Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDWeekly.png Size: 36 KB

Daily
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDDaily.png Size: 37 KB
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #13,360
  • Edited Aug 28, 2020 5:25am Aug 27, 2020 7:40pm | Edited Aug 28, 2020 5:25am
Quoting Cj.cn
Hi, Sanji {quote} IMO, Monthly {image} Weekly {image} Daily {image}
Thank you very much, Cj.
Can you show me the next resistance on Boss? Are my SRs correct?
I appreciate your comments. Trader help trader.
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