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Strat's PASR Long Term, Stress Free Trading

  • #15,501
  • Aug 10, 2022 5:36pm Aug 10, 2022 5:36pm
Quoting jgadefelth
{quote} But was this not also true when you took the trades ended at B and C ? Best regards
Look again at the Strat Shadow
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,502
  • Edited 3:22am Aug 11, 2022 2:16am | Edited 3:22am
Quoting eggsheeran
Big Boss - UP Boss - Up Reasons why I took this trade : *Weekly resistance now became support *Daily channel support *Obivous hammer at support The little people got me to get out of this trade unfortunately. All comments are welcome! {image}
Hi
You have to zoom the chart more. I at least cant see anything on that.

Maybe like this
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All you need is a couple of hours of price action after all.
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Whatever happened 2 days ago is irrelevant. Just mark support/resistance that might be relevant/near to the current price level.

Oh nevermind , that is a daily chart that you posted. But still I cant see anything on that.
With 5 minutes to spare, I think your trade (If I can see correctly) is pretty decent.
A hammer at around the low of WCC. There is a lot of resistance around the area where you closed your trade.
I am not sure if you could hold it still though. The whole PA looks still bullish to me.
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Two points I wonder about though. Why ddnt you exit 2 days after you entered, and why exit now?
PS: actually I just realised your exit is at the top of WCC. did you notice that as well when you exited?
It is a good spot to get out or to at least protect some profits.
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  • #15,503
  • Aug 11, 2022 4:46am Aug 11, 2022 4:46am
Hi is everything still the same so i shall start read at first page of this thread to get it all that i need ? I dont like scalping so mutch i like little bit higher timeframes like 15 minutes or higher. I like to have if possible a winning rate of above 50 percent and a risk to reward of 1:2 is this possible to get with this strategy / method of trading ?

Best regards
  • #15,504
  • Aug 11, 2022 6:55am Aug 11, 2022 6:55am
Quoting jgadefelth
Hi is everything still the same so i shall start read at first page of this thread to get it all that i need ? I dont like scalping so mutch i like little bit higher timeframes like 15 minutes or higher. I like to have if possible a winning rate of above 50 percent and a risk to reward of 1:2 is this possible to get with this strategy / method of trading ? Best regards
If you spend time practicing and understanding the method , you will do fine. It will take alot of time though since this is not a system where you get clear cut signals to enter and exit. 50% win rate and 1:2 are irrelevant numbers, and dont mean anything at all. both risk/reward ratio and win rate improve with time. In other words months and years of placing trades and improving your style of trading.
Happy reading.
  • #15,505
  • Aug 11, 2022 9:10am Aug 11, 2022 9:10am
Quoting bistolis
{quote} If you spend time practicing and understanding the method , you will do fine. It will take alot of time though since this is not a system where you get clear cut signals to enter and exit. 50% win rate and 1:2 are irrelevant numbers, and dont mean anything at all. both risk/reward ratio and win rate improve with time. In other words months and years of placing trades and improving your style of trading. Happy reading.
Thank You what s your experince so far wihh this methid / strategy of trading ?

Best regards
  • #15,506
  • Aug 11, 2022 9:23am Aug 11, 2022 9:23am
Quoting jgadefelth
{quote} Thank You what s your experince so far wihh this methid / strategy of trading ? Best regards
I dont understand what you mean with experience. I implement what I learned in this thread to how I like to trade and I am still learning
  • #15,507
  • Aug 11, 2022 10:21am Aug 11, 2022 10:21am
Quoting bistolis
{quote} Hi You have to zoom the chart more. I at least cant see anything on that. Maybe like this {image} All you need is a couple of hours of price action after all. {image}Whatever happened 2 days ago is irrelevant. Just mark support/resistance that might be relevant/near to the current price level. Oh nevermind , that is a daily chart that you posted. But still I cant see anything on that. With 5 minutes to spare, I think your trade (If I can see correctly) is pretty decent. A hammer at around the low of WCC. There is a lot of resistance around...
Just mark support/resistance that might be relevant/near to the current price level.
Yes, I do that all the time. I just mark what I see in front of my screen and not scroll back to draw some SR in the past.

But still I cant see anything on that
Roger that, I will zoom and take a screenshot next time!

The whole PA looks still bullish to me.
Its bullish for me as well, but exited because the little people got me. Also I dont understand whats happening in the candles. Candle 2 opened in the middle of candle 1, candle 3 did the same thing. I didnt undertand whats going on, so I closed the trade. Can you explain what happened there?

Why ddnt you exit 2 days after you entered, and why exit now?
Come to think of it, that shooting star two days after I placed my trade should be my signal to get out of the trade but I didnt. I dont know why. I still have so much to learn. Pychology wise.

I just realised your exit is at the top of WCC. did you notice that as well when you exited?
Yes I saw the WCC candle, that should have been my tp.
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  • #15,508
  • Aug 11, 2022 10:48am Aug 11, 2022 10:48am
Quoting eggsheeran
{quote} Just mark support/resistance that might be relevant/near to the current price level. Yes, I do that all the time. I just mark what I see in front of my screen and not scroll back to draw some SR in the past. But still I cant see anything on that Roger that, I will zoom and take a screenshot next time! The whole PA looks still bullish to me. Its bullish for me as well, but exited because the little people got me. Also I dont understand whats happening in the candles. Candle 2 opened in the middle of candle 1, candle 3 did the same thing....
Understanding will come with time and it is different for all of us usually.
I think your trade was fine
  • #15,509
  • Aug 11, 2022 11:12am Aug 11, 2022 11:12am
M1 EURO

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M1 DOW

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Slow PA and back to ""normal"" volatility today.

Tired now so finished for today
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,510
  • Aug 11, 2022 7:41pm Aug 11, 2022 7:41pm
Quoting Strat
M1 EURO {image} {image} M1 DOW {image} {image} Slow PA and back to ""normal"" volatility today. Tired now so finished for today
Hi Strat

The exit mark with “X” some of them is out of the candle and yet some is inside candle. Is the ones out side of the candle means you closed the trade after candle close and the ones inside candle means you closed the trade before candle close?

Thanks
  • #15,511
  • Aug 12, 2022 3:41am Aug 12, 2022 3:41am
Quoting swiftman
{quote} Hi Strat The exit mark with “X” some of them is out of the candle and yet some is inside candle. Is the ones out side of the candle means you closed the trade after candle close and the ones inside candle means you closed the trade before candle close? Thanks
The close should after a candled closed normally, although m1 is not that much time that it would make a difference many times.
My guess is it depends if price is close to some SR
  • #15,512
  • Aug 12, 2022 12:15pm Aug 12, 2022 12:15pm
M1 DOW

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Couldn't get in the groove with EURO today
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,513
  • Aug 12, 2022 12:18pm Aug 12, 2022 12:18pm
Quoting swiftman
{quote} Hi Strat The exit mark with “X” some of them is out of the candle and yet some is inside candle. Is the ones out side of the candle means you closed the trade after candle close and the ones inside candle means you closed the trade before candle close? Thanks
Is the ones out side of the candle means you closed the trade after candle close and the ones inside candle means you closed the trade before candle close?

Yes. Most exits are closed candles except where I see PA going against my position with "pumping" candles.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,514
  • Aug 12, 2022 12:19pm Aug 12, 2022 12:19pm
Quoting swiftman
{quote} Hi Strat Thanks for asking. I will start post all my live trades this week. Thanks
I guess you didn't mean it
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,515
  • Aug 12, 2022 12:35pm Aug 12, 2022 12:35pm
Quoting eggsheeran
Big Boss - UP Boss - Up Reasons why I took this trade : *Weekly resistance now became support *Daily channel support *Obvious hammer at support The little people got me to get out of this trade unfortunately. All comments are welcome! {image}
In addition to bistolis's valuable comments - look at the PRICE STRUCTURE on your D1 - LHs and LLs. The long trade you took was a counter trend trade so you did well to close out with profit. Maybe try trading WITH the trend next time?

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,516
  • Aug 12, 2022 3:58pm Aug 12, 2022 3:58pm
Quoting Strat
{quote} In addition to bistolis's valuable comments - look at the PRICE STRUCTURE on your D1 - LHs and LLs. The long trade you took was a counter trend trade so you did well to close out with profit. Maybe try trading WITH the trend next time? {image}
Nice hearing from the Master itself! Thank you so much for your input! Ill be patient next time and will take A+ setups. Have a great weekend!
  • #15,517
  • Aug 12, 2022 9:15pm Aug 12, 2022 9:15pm
Quoting Strat
{quote} I guess you didn't mean it
Hi Strat

My apologies for not posting any live trade this week. I was in the process of opening a commission only account with a new broker which is more suitable for lower timeframe trading. Now the account has been setup and funded. I will definitely be posting live trade as start of next week.

Cheers
  • #15,518
  • Aug 15, 2022 1:05pm Aug 15, 2022 1:05pm
Quoting swiftman
{quote} Hi Strat My apologies for not posting any live trade this week. I was in the process of opening a commission only account with a new broker which is more suitable for lower timeframe trading. Now the account has been setup and funded. I will definitely be posting live trade as start of next week. Cheers
OK, no problem then
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,519
  • Aug 15, 2022 1:07pm Aug 15, 2022 1:07pm
M5 DOW

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M5 S&P 500

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3 "Sore Thumbs" on the Dow and S&P

M5 EURO still grinding it's way down
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,520
  • Aug 15, 2022 1:25pm Aug 15, 2022 1:25pm
M5 EURO

The grind down may not be finished but I am

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15 YEARS OF PASR ON FOREX FACTORY!
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