Strat's PASR Long Term, Stress Free Trading

Quoting rosone

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I have read some pages of this thread and I need an explanation. When we trade the snaller TF (1 Min-5 Min andd so on) it is necessary that also the big TF (Monthly-Weekly-Daily) are all aligned in the same direction ? Because 1 Min and 5 Min are vert far from Monthly and Weekly. Please explain. Thank yoiu

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Quoting TerryDawe

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Strat said that a strong trend does not respect S/R levels. Here is a good example of this, I put too much emphasis on old S/R levels. Check this out, final target Boss shadow cross. {image}

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Quoting Lou

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{quote} The candles following the bear straddles are strong.. many pips... Whereas the the candles following the bull straddles are spinning top and shooting star types.. indicating weakness in the move . Looking at the 200 ema .. might give a hint to direction favoring price going lower and thus the unsustainability of the bull moves. Strat Shadow tipping lower as well. But there will come a time when there will be bull follow through.

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Quoting 2hpriest

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{quote} Hi Lou, At the time those bullish straddles formed, there was no way one would have known that the next candle would turn out to be a spinning top or shooting star look alike. Remember that as those straddles formed, structures were been broken to the up side and as such giving credence to the bullish move. So if i had placed a trade at the close of the straddle candle, though it would have yielded some gain, it would have necessitated getting clued to the one eye monster. Like Strat will say, the market remains the queen and will do whatever...

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Quoting Lou

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{quote} You are correct. There is no way of knowing. There never is. But look at the rest of the information posted. First, the observation. Next, a possible indication: The candles following the bear straddles are strong.. many pips... Whereas the the candles following the bull straddles are spinning top and shooting star types.. indicating weakness in the move . (an observation) Looking at the 200 ema .. might give a hint to direction favoring price going lower and thus the unsustainability of the bull moves. Strat Shadow tipping lower as well....

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Quoting Udkox

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I want to share my failed trade and some thoughts. My take before the trade A triangle has formed. Because the market is moving sideways, it could be a good trade if the PA is good. I see a Shooting Start in the Daily (worker) so I set the Entry below the Low, the Stop Loss above the High and the Take Profit on the lower side of the triangle. {image} My take after the trade I think I was wrong when I though the market was sideways. Maybe I should consider the Immediate trend, which looks bullish. I should have left on the BUEU right after the entry,...

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Quoting TerryDawe

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Strat said that a strong trend does not respect S/R levels. Here is a good example of this, I put too much emphasis on old S/R levels. Check this out, final target Boss shadow cross. {image}

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Quoting Corinna

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{quote} I strolled back to the left and back tested the 20/72 ema crossing as TP targets. The result was not consistence. Maybe not many people apply this method, it is not so accurate as compare to the support and resistance line or zone. But it is still a good location to set the TP target. Corinna

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Quoting joced92

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Good afternoon, nice to have found this thread, I am new to the world of trading, and this method is what I have been looking for, I am reading the whole thread from the beginning, I hope you can help me, and thanks for this thread.

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Quoting Corinna

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{quote} Welcome to this party. You should start reading from Strat's old thread https://www.forexfactory.com/thread/...s-free-trading in order to grasp all that he has taught us. Of course you need to change the 50 ema, 63 ema to 72 ema which we are using now so that you can link it to the present thread. Corinna

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Quoting TerryDawe

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{quote} Thanks for this Corinna, good analysis To keep this simple, if we just look at the worker chart for PA signals. {image}

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Quoting TerryDawe

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Most of the good moves occur while I am in bed during the London session so EOD yesterday got long on close of H4 BUEOB at the top of SS. No drawdown, price just moved up nicely from there until this morning when I closed for 65 pips. {image}

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Quoting TerryDawe

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{quote} Update as of today, I haven't been following this pair but for anyone interested in what happened since last post. {image}

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