Chart Study... EURGBP
Focus, Patience, Discipline, Determination and Perseverance
Strat's PASR Long Term, Stress Free Trading
- #13,722
- Jan 23, 2021 10:23am Jan 23, 2021 10:23am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
GBPUSD D1
Here is the road ahead for GBPUSD ""IF"" smart money continues to buy it. Remember, the trading landscape can change in a heart beat with geopolitical local, National and World events so apply sound DISCIPLINE and MONEY MANAGEMENT.
Note the green dashed line ""should"" act as SUPPORT for any pull back. This has extra strength since it is in confluence with the Ice Cream Man - don't know who the Ice Cream Man is - read the thread!
Shame on you if you missed the current move off the doji hammer supported by the Strat Shadow.
Further shame if you did not notice the key SUPPORT of the Strat Shadow from September 30 last year - 820 pips ago!
Yes, I missed it because I had dropped down to M1 and M5 - I only hope my M5 trades totaled the $ amount equal to those pips.
Here is the road ahead for GBPUSD ""IF"" smart money continues to buy it. Remember, the trading landscape can change in a heart beat with geopolitical local, National and World events so apply sound DISCIPLINE and MONEY MANAGEMENT.
Note the green dashed line ""should"" act as SUPPORT for any pull back. This has extra strength since it is in confluence with the Ice Cream Man - don't know who the Ice Cream Man is - read the thread!
Shame on you if you missed the current move off the doji hammer supported by the Strat Shadow.
Further shame if you did not notice the key SUPPORT of the Strat Shadow from September 30 last year - 820 pips ago!
Yes, I missed it because I had dropped down to M1 and M5 - I only hope my M5 trades totaled the $ amount equal to those pips.
15 YEARS OF PASR ON FOREX FACTORY!
- #13,723
- Jan 23, 2021 11:05am Jan 23, 2021 11:05am
Trading daily has changed tremendously my profitability. Getting better and better. Still trading live account with small money, because the country I live in is not very rich. 1000 dollars here are 10000 ins USA. I have realised that mindset is the key for success in any area of life, trading is no different. I am not a millionaire and may I never be, actually I don’t want it. Setting realistic goal is game changer for me. Even with 5-6%profit a month is enough to make living in few years. As uncle Warren / you know him/ said he is lucky to live In america, have some investing genes and most important compound interest rate. Compound interest rate is really a key for growing your account. Do a research about it . Investing 50-100 $ dollars or your native currency into your account every month without withdrawing anything will have tremendous effect of your growth for few years. Example if you have 80% growth each year with 1000$ or native currency account for five years you will earn 19k /for 5 years/. But if you add to every month 50$ you will end up with 37 000 Dolaridoos for 5 years with total monthly contributions 4K. And that’s with 50$ How about putting 100$ each month to your account? /To all the smokers do not get excuses 5 bucks for daily cigarette pack is not good, putting it in your account is better./Than you would have 56k for 5 years. 80% profit a year is totally reachable with Jedi Master Strats Strategy. If you trade 28 pairs with gold and silver you need to earn just 2.85% profit from each pair for one year to reach total of 80% account growth. Totally doable. I’m trying to do this now and I have few years to get there. Also knowing that you have to win just 2.85% profit from each pair a year made my trading a lot better and less stressful. I hope this help someone. I have learned a lot from this thread. That’s what I can give back 
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You attract what you think in any area of life, relationships and trading!
- #13,724
- Edited 9:17pm Jan 23, 2021 9:04pm | Edited 9:17pm
.. ..........
This is a nice little indicator I found which draws horizontal or trend lines in the chart like below.
It automatically marks from which time frames you draw the line. plus we can change the line type and colors also..
Only downside is ...it displays his website address
credit goes to BanzaiFX post 18
https://www.forexfactory.com/thread/...-onoff-buttons
Focus, Patience, Discipline, Determination and Perseverance
- #13,728
- Jan 25, 2021 1:41pm Jan 25, 2021 1:41pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #13,729
- Jan 25, 2021 1:56pm Jan 25, 2021 1:56pm
- Joined Mar 2004 | Status: Senior Member | 1,634 Posts
Thank you all for the kind words and appreciation and thanks for those who trade PASR and continue to post and help others on this thread. BabaG For those who have read these threads, you will know that until a misunderstanding, BabaG and I had a trading affinity akin to trading brothers. His strength was my weakness and my strength was his weakness meaning we were killing Forex. Over the last several weeks, BabaG and I have renewed our friendship and decided to put our heads together for the benefit of all on this thread. Expect weird humour and...
MTN
- #13,737
- Jan 26, 2021 8:41am Jan 26, 2021 8:41am
- Joined Sep 2016 | Status: Inactive | 1,531 Posts
M5 TRADING EUR/USD {image}
Keep in mind though that not all crosses have a big range, and ideally you want to have a big big range when trading m5.
EURUSD
Below are the usual candidates that have a big average daily range
- #13,738
- Jan 26, 2021 8:42am Jan 26, 2021 8:42am
- Joined Mar 2004 | Status: Senior Member | 1,634 Posts
