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Strat's PASR Long Term, Stress Free Trading

  • #15,521
  • Aug 16, 2022 11:19am Aug 16, 2022 11:19am
M5 DOW

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M5 S&P 500

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M5 EURO

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PRICE is still grinding up but I'm ground out!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,522
  • Aug 18, 2022 5:43am Aug 18, 2022 5:43am
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A few bad trades and one good trade
  • #15,523
  • Aug 18, 2022 10:49am Aug 18, 2022 10:49am
M5 DOW

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M5 EURO

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Was going to stop posting due to lack of activity by others but swiftman saved the day
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,524
  • Aug 18, 2022 12:39pm Aug 18, 2022 12:39pm
Quoting Strat
M5 DOW {image} M5 EURO {image} Was going to stop posting due to lack of activity by others but swiftman saved the day
Please do not stop posting, I keep learning everyday, question: why you take 2 buy orders on retracement on M5 EURO? It goes against the trend? Also notice that you take trades with the direction of the trend and counter trades, really no easy to understand why you do that on 1 min chart when things can go south so fast.
There is a reason you do not post trades made it on daily charts anymore?
On 5 min or 1 min trading, you check you boss and big boss?
When you trade 1 min or 5 min, you keep track of support/resistance from W,D,4h,1h,30min, etc?
Thanks and sorry for so many questions.
  • #15,525
  • Aug 19, 2022 12:44am Aug 19, 2022 12:44am
Quoting chiche
{quote} Please do not stop posting, I keep learning everyday, question: why you take 2 buy orders on retracement on M5 EURO? It goes against the trend? Also notice that you take trades with the direction of the trend and counter trades, really no easy to understand why you do that on 1 min chart when things can go south so fast. There is a reason you do not post trades made it on daily charts anymore? On 5 min or 1 min trading, you check you boss and big boss? When you trade 1 min or 5 min, you keep track of support/resistance from W,D,4h,1h,30min,...
Hi
Things cant go south if you can manage to not lose money. Just close the trade when you think its over and dont let a winning trade go against you (trend or counter trend doesnt really matter).
There are hundreds of opportunities every week. No reason to care about a trade that you might have exited early.
You have to keep an eye on SR all the time. Thats the whole purpose of the method. Keep in mind though that SR is an area and the further out you go the area is bigger. It is not a brick wall for price action to stop at a defined price level. So work with that and you will get used to identify which SR might be relevant for your timeframe.
  • #15,526
  • Aug 19, 2022 12:53am Aug 19, 2022 12:53am
Quoting swiftman
{image} {image}A few bad trades and one good trade
Picking tops and bottoms. I have done all that countless of times. As I mentioned above you dont have to let it run all the way against your trade, even if a stop loss would be only 5-6 pips. Just close it. I know it is not that easy.
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After the first failed attempt you should wait for PA to continue in the direction set earlier (up) or wait out for US markets to open. US indexes have bigger volumes after NY futures markets open up. If your MT4 is set at GMT+2 , you took those trades somewhere around London lunch break and 7-8 am NY local time
  • #15,527
  • Aug 19, 2022 5:24am Aug 19, 2022 5:24am
Big Boss : down
Boss : down
Worker : down

Closed the trade coz it invalidates my entry candle! Move on to the next!

Thinking of trading to m5 next week to gain more exp. What do you guys think? Happy weekend everyone!
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  • #15,528
  • Aug 19, 2022 6:00am Aug 19, 2022 6:00am
Quoting eggsheeran
Big Boss : down Boss : down Worker : down Closed the trade coz it invalidates my entry candle! Move on to the next! Thinking of trading to m5 next week to gain more exp. What do you guys think? Happy weekend everyone! {image} {image}
the monthly is not exactly clear downtrend
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You dont really had much room there with all that SR. Nice try although I would have closed it earlier on H4
  • #15,529
  • Aug 19, 2022 6:44am Aug 19, 2022 6:44am
Quoting bistolis
{quote} the monthly is not exactly clear downtrend {image} {image} You dont really had much room there with all that SR. Nice try although I would have closed it earlier on H4
That monthly bearish engulfing looks bearish to me, but youre right I'm also sitting at long term support. Thanks for pointing it out.
  • #15,530
  • Aug 19, 2022 7:39am Aug 19, 2022 7:39am
Quoting bistolis
{quote} Picking tops and bottoms. I have done all that countless of times. As I mentioned above you dont have to let it run all the way against your trade, even if a stop loss would be only 5-6 pips. Just close it. I know it is not that easy.{image} After the first failed attempt you should wait for PA to continue in the direction set earlier (up) or wait out for US markets to open. US indexes have bigger volumes after NY futures markets open up. If your MT4 is set at GMT+2 , you took those trades somewhere around London lunch break and 7-8 am NY...
Hi Bistolis

Thanks for the feedback. I was planning to go long again after price break through the down trend line but when I saw the price action at blue box and after three losing trades I just give up and move on to other pair. The bullish engulfing candle on the 5 minute chart clear indicated price is going up and price is just resting on both support and round number 34000 after large move. At the blue box Strat shadow was green on both time frame and supporting the up move. I should have more faith in PASR. My broker time is GMT+3. My trading usually end by 11pm my local time which is 9am New York time.

Thanks

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  • #15,531
  • Edited 8:33am Aug 19, 2022 8:16am | Edited 8:33am
Quoting eggsheeran
Big Boss : down Boss : down Worker : down Closed the trade coz it invalidates my entry candle! Move on to the next! Thinking of trading to m5 next week to gain more exp. What do you guys think? Happy weekend everyone! {image} {image}
I 'm trading now 5m, 1m on eur/usd to gain exp. The problem that I get addicted to quick profit and not closing trades fast and don't let it run.
Daily trading is like in slow motion, you have to deal with it, but you have more time to take decisions.
My 2 cents
  • #15,532
  • Aug 19, 2022 8:41am Aug 19, 2022 8:41am
Just now, I just so this oportun. Can someone tell me if this is an opportunity that strat teach?
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  • #15,533
  • Aug 19, 2022 8:54am Aug 19, 2022 8:54am
Quoting chiche
Just now, I just so this oportun. Can someone tell me if this is an opportunity that strat teach? {image}
Do you know what the trend is on this time frame?
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,534
  • Aug 19, 2022 9:57am Aug 19, 2022 9:57am
Quoting Strat
{quote} Do you know what the trend is on this time frame?
Mhhh down?
  • #15,535
  • Aug 19, 2022 10:17am Aug 19, 2022 10:17am
Quoting chiche
{quote} Mhhh down?
So where do you see an opportunity?
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,536
  • Edited 1:38pm Aug 19, 2022 10:27am | Edited 1:38pm
Quoting Strat
{quote} Do you know what the trend is on this time frame?
You ask me because of that?
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  • #15,537
  • Aug 19, 2022 10:30am Aug 19, 2022 10:30am
Quoting Strat
{quote} So where do you see an opportunity?
Here
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  • #15,538
  • Aug 19, 2022 10:46am Aug 19, 2022 10:46am
M5 DOW

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M5 EURO

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,539
  • Aug 19, 2022 7:49pm Aug 19, 2022 7:49pm
The two moving averages could be transformed to MACD, and is more reliable to the eyes when you see it. The best alternative is to code it as an expert advisor just for entry while money management is manual. IMO.
  • #15,540
  • Aug 20, 2022 12:35am Aug 20, 2022 12:35am
Quoting Strat
M5 DOW {image} M5 EURO {image}
Your entries are insane strat. Its like a second nature to you. Im gonna be like you someday
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