Strat's PASR Long Term, Stress Free Trading

Quoting Lou

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{quote} Strat... regarding the pattern you mention. are you referring to the DHLC set ups or are you looking at the M pattern on this chart which involves about 10 candles ? I have been 'scouting' the DHLC this past week or so ... on Lower time frames.

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Quoting Strat

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{quote} are you referring to the DHLC set ups or are you looking at the M pattern on this chart which involves about 10 candles ? Neither Lou. There is no DHLC or M pattern on that chart. Both a DH or M pattern require EQUAL HIGHS to qualify. on Lower time frames Candle Patterns are not as reliable on shorter time frames - you may have forgotten my many posts of ""The longer the time frame, the more reliable are patterns, set ups and all things in technical charting"".

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Quoting Lou

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{quote} Yes .. lower TF = lower reliability. One of your first lessons. You mentioned a pattern you use on LTF though ? So I am curious. Now going back to study the blue lines you marked on the chart.

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Quoting Strat

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{quote} Long Term Stress Free Trading................ Very well explained Terry - better than I did earlier in the thread! So far seven red candles and fully expect to get stopped out anytime soon Is this because you have found some significance with 7 red candles?

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Quoting Strat

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{quote} Numbers 3 1 and 2 are numbers I assign to outside, inside and directional candles. I am surprised no one has asked how you assign these numbers and use them in your trading but there again it seems there is little interest in Long Term Stress Free Trading.

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Quoting Strat

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bistolis - we have missed you!

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Quoting Strat

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{quote} Erratic and choppy PA on NAS100 today That is NASDAQ! While it trends nicely when the Tech Stocks are hot, it can be a MFSOB when not trending and does my head in. I suggest to build your short term time frame experience on S&P 500 or DOW. Barbaresco can probably add more statistics when he gets back from yachting to the Caribbean.

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Quoting Strat

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{quote} M1 Bootcamp, my very humble "learn how to dance" course ... two wins (first entry a bit late to the party), second flipped to long after a tiny loss when PASR told me so ... Well done - you don't have 2 left feet so that is good! I have marked up what I see in my trading: {image}

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Quoting Strat

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{quote} Numbers 3 1 and 2 are numbers I assign to outside, inside and directional candles. I am surprised no one has asked how you assign these numbers and use them in your trading but there again it seems there is little interest in Long Term Stress Free Trading.

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Quoting Hickson

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{quote} Thank you, the PA at the hard right edge of this chart was unclear to me at the Point where I left and posted it. Especially after a long day at the one eyed - or in my case often two or three eyed monster - I was not feeling like guessing what to do. I need to build confidence by executing trades that I am seeing without hesitation or even worse, writing a PhD thesis on the setup before making a decision.

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Quoting Hickson

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{quote} The long term stress free trading has always been appealing to me, but I have not been able to consistently keep it up as it is somewhat in conflict with my daily life. By the time NY closes, I am usually in the land of nod as I need a certain amount of sleep to concentrate and feel alive during the day. I can check the charts in the morning before the London session, but the Asia session might have already continued a move based on NY close, especially on crosses. So all I see as a solution is having a look at H4 for a possible entry and...

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Quoting Hickson

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{quote} I will take a look at them as well. NASDAQ seems ok so far though. Not always easy, but possible to make 100 ticks with 10 tick stops ...

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Quoting bistolis

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{quote} I am taking a break. Not trading the last few days

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Quoting Strat

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{quote} By the time NY closes, I am usually in the land of nod as I need a certain amount of sleep to concentrate and feel alive during the day. Be careful not to sacrifice Health for Wealth! Health always comes before and trumps Wealth. Nicola (elitejets), in West Coast Canada, made herself seriously ill when she focused on Crude Oil by working her day job during the day and staying up all night trading Crude Oil during the London Session and eventually ended up in Hospital. She became successful trading Crude and moved back to the South of England...

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