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Strat's PASR Long Term, Stress Free Trading

  • #13,561
  • Oct 21, 2020 8:01am Oct 21, 2020 8:01am
EN +64
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  • #13,562
  • Oct 21, 2020 10:12am Oct 21, 2020 10:12am
Quoting pothato
EN +64 {image}
the second entry is a gamble at that point and the first is on a side ways PA . although it fits slightly higher timeframes
  • #13,563
  • Oct 21, 2020 10:28am Oct 21, 2020 10:28am
Quoting bistolis
{quote} the second entry is a gamble at that point and the first is on a side ways PA . although it fits slightly higher timeframes
second entry was at the resistance marked with the gray line. SL of 10 pips and missed by 3
  • #13,564
  • Oct 21, 2020 11:33am Oct 21, 2020 11:33am
Trading is simple for trend days. Many pairs have good PA over 5 min, 15 min and 1H.
I'm still adjusting my exit, some trades are ending too soon.
  • #13,565
  • Oct 21, 2020 10:00pm Oct 21, 2020 10:00pm
80% of my entries are on the right track. But letting the price go further is sometimes a problem for me. Many times my trade stops at BE. Only a few times they reach my target. Should I take profit for R:R 1:1 ?
  • #13,566
  • Oct 23, 2020 3:31am Oct 23, 2020 3:31am
Quoting Sanji
80% of my entries are on the right track. But letting the price go further is sometimes a problem for me. Many times my trade stops at BE. Only a few times they reach my target. Should I take profit for R:R 1:1 ?
I think in theory you either wait for the SWING to end or for PA to tell you to exit (which are very related).
  • #13,567
  • Oct 23, 2020 3:42am Oct 23, 2020 3:42am
Quoting Udkox
{quote} I think in theory you either wait for the SWING to end or for PA to tell you to exit (which are very related).
Thanks for your idea, Udkox.
Do you mean wait until the swing changes from down to up when I'm going short to exit a trade? (A bullish candle closed above the high of the lowest candle confirmed swing low). Is it the Worker's swing or the Boss's swing?
  • #13,568
  • Oct 23, 2020 3:53am Oct 23, 2020 3:53am
Here is my trade on USDJPY 1H.
Now, SL at BE.
I see support on 4H, price bounced up from the bottom of WCC, I am still waiting.
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  • #13,569
  • Oct 23, 2020 6:45am Oct 23, 2020 6:45am
Quoting Sanji
Here is my trade on USDJPY 1H. Now, SL at BE. I see support on 4H, price bounced up from the bottom of WCC, I am still waiting. {image}
Hard to grasp men the wcc...
  • #13,570
  • Oct 23, 2020 10:00am Oct 23, 2020 10:00am
Quoting Dreadlocks
{quote} Hard to grasp men the wcc...
I don't understand what you say.
  • #13,571
  • Oct 23, 2020 10:54am Oct 23, 2020 10:54am
Quoting Sanji
{quote} I don't understand what you say.
oh sorry. I read about the weekly close candle but i dot understand it. All i know is that the candles should be painting in a box. ?
  • #13,572
  • Oct 23, 2020 11:11am Oct 23, 2020 11:11am
Quoting Dreadlocks
{quote} oh sorry. I read about the weekly close candle but i dot understand it. All i know is that the candles should be painting in a box. ?
It's on the first page of this thread.
  • #13,573
  • Oct 23, 2020 11:14am Oct 23, 2020 11:14am
Quoting Sanji
Here is my trade on USDJPY 1H. Now, SL at BE. I see support on 4H, price bounced up from the bottom of WCC, I am still waiting. {image}
Price is still in WCC, so it is expected to bounce up and down and to be messy until it break it. For me your trade is low probability. After many tests trading inside WCC proved to be not profitable. I am still on the way it is not advice not to trade in side the WCC. Your trade is already in loss. What was you thought process behind the trade?
thank you you for posting! for me price did not reach the bottom of the Wcc
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You attract what you think in any area of life, relationships and trading!
  • #13,574
  • Oct 23, 2020 11:41am Oct 23, 2020 11:41am
Quoting Eushev24
{quote} Price is still in WCC, so it is expected to bounce up and down and to be messy until it break it. For me your trade is low probability. After many tests trading inside WCC proved to be not profitable. I am still on the way it is not advice not to trade in side the WCC. Your trade is already in loss. What was you thought process behind the trade? thank you you for posting! for me price did not reach the bottom of the Wcc {image}
I try not to analyze much and keep things simple. Here is what I see on the chart: BEEB on 1H and 4H. Swing down is still on 4H and Daily. The price is far from the bottom of the WCC.
  • #13,575
  • Oct 24, 2020 4:50pm Oct 24, 2020 4:50pm
Probably the worst thread on here. Long essays after long essays...price and time. 2 variables....yet somehow this website enjoys manufacturing stories.
  • #13,576
  • Oct 25, 2020 5:33am Oct 25, 2020 5:33am
Quoting Skyside68
Probably the worst thread on here. Long essays after long essays...price and time. 2 variables....yet somehow this website enjoys manufacturing stories.
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  • #13,577
  • Oct 25, 2020 8:43am Oct 25, 2020 8:43am
So I should read, what, 60+ pages to find out what the OP is saying ? Most people here don't have the time (like me) to read 50+ pages of essays. What's wrong with OPs just getting to the point ?
  • #13,578
  • Oct 25, 2020 8:52am Oct 25, 2020 8:52am
Quoting Skyside68
So I should read, what, 60+ pages to find out what the OP is saying ? Most people here don't have the time (like me) to read 50+ pages of essays. What's wrong with OPs just getting to the point ?
you are wasting your time mate
  • #13,579
  • Oct 25, 2020 10:30am Oct 25, 2020 10:30am
Quoting bistolis
{quote} you are wasting your time mate
How about i decide if i am wasting my own time you iconoclast
  • #13,580
  • Oct 25, 2020 11:54am Oct 25, 2020 11:54am
Quoting Skyside68
{quote} How about i decide if i am wasting my own time you iconoclast
By definition, you are the iconoclast !
iconoclast
[īˈkänəˌklast]
NOUN

  1. a person who attacks cherished beliefs or institutions

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