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Strat's PASR Long Term, Stress Free Trading

  • #18,041
  • Jun 18, 2024 2:00pm Jun 18, 2024 2:00pm
Quoting Hickson
Maybe it is too late after a total 12 hours working in front of the screen today ... but why is MYM1! on my Tradingview Chart looking like this while MES1! is looking ok on the chart? (both have delayed data because I did not subscribe to market data yet, but then it should impact both charts): {image}
Not sure - I don't use Trading View but I would think it is because the MYM data values are different from MES data values - MYM is 39238 while MES is 5556 and the charting software has to compress the data to show both
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,042
  • Jun 18, 2024 2:58pm Jun 18, 2024 2:58pm
Quoting Hickson
Maybe it is too late after a total 12 hours working in front of the screen today ... but why is MYM1! on my Tradingview Chart looking like this while MES1! is looking ok on the chart? (both have delayed data because I did not subscribe to market data yet, but then it should impact both charts): {image}
have a look at pepperstone as they use Tradingview
https://www.tradingview.com/broker/Pepperstone/
Make sure losses are small and profits are bigger!
  • #18,043
  • Jun 18, 2024 8:39pm Jun 18, 2024 8:39pm
Quoting TerryDawe
{quote} The WCC from April is still in effect as price has not closed out of it so far. {image}
Clear Terry, indeed, zooming out, or lookig at the whole chart reveals it.
Just to veify my understanding of WCC.
do we trade it from S to R , or wait for a break?
  • #18,044
  • Jun 18, 2024 8:43pm Jun 18, 2024 8:43pm
Quoting Strat
{quote} Ignore this, instead see latest post from Terry
Ineeded Strat.
to be honest, Terry's way of tradign/charting comforts me.
whenever i open the thread, the first thing i try to check for is a post from Terry.
he proves that sometimes we go looking for answers way far, while the answer is just below our nose.
His charts are clean, plain and simple and yet , you can read PA clearly.
  • #18,045
  • Jun 18, 2024 11:12pm Jun 18, 2024 11:12pm
Quoting Hickson
Maybe it is too late after a total 12 hours working in front of the screen today ... but why is MYM1! on my Tradingview Chart looking like this while MES1! is looking ok on the chart? (both have delayed data because I did not subscribe to market data yet, but then it should impact both charts): {image}
Maybee one of your three indicators are compressing the data. Try hiding /removing one by one and see if that makes a difference.
Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #18,046
  • Jun 19, 2024 3:27am Jun 19, 2024 3:27am
Quoting 2be
{quote} have a look at pepperstone as they use Tradingview https://www.tradingview.com/broker/Pepperstone/
Never again, thank you!
Fix up, trade sharp ...
  • #18,047
  • Jun 19, 2024 3:29am Jun 19, 2024 3:29am
Quoting HTG
{quote} Maybee one of your three indicators are compressing the data. Try hiding /removing one by one and see if that makes a difference.
Thank you, it looks like there was a "comparison indicator" between MYM1! and MES1! that led to the compression of the data. After I removed these, the chart became clear.

Quoting Strat
{quote} Not sure - I don't use Trading View but I would think it is because the MYM data values are different from MES data values - MYM is 39238 while MES is 5556 and the charting software has to compress the data to show both
Yes, somehow an indicator was added to compare them. Which probably made the DOW Chart compressed. I wanted to have a look at DOW, because its tick value is less than MES1!, meaning mistakes in the beginning are not as expensive. Will monitor it during the next days and decide on one.
Fix up, trade sharp ...
  • #18,048
  • Jun 19, 2024 10:35am Jun 19, 2024 10:35am
Subscribed, since I am looking for a strategy stress free based on daily tf, since I cannot trade during the day.
I read the first post with all the contents of the link.
I will do my homework, please continue to post, this is my trading style!
  • #18,049
  • Jun 19, 2024 1:20pm Jun 19, 2024 1:20pm
Quoting okrim
Subscribed, since I am looking for a strategy stress free based on daily tf, since I cannot trade during the day. I read the first post with all the contents of the link. I will do my homework, please continue to post, this is my trading style!
this is my trading style!

Are you sure? With respect it seems your style is thread hopping in search of the Holy Grail which you have been doing for 10 years.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,050
  • Jun 19, 2024 3:06pm Jun 19, 2024 3:06pm
Quoting Strat
{quote} this is my trading style! Are you sure? With respect it seems your style is thread hopping in search of the Holy Grail which you have been doing for 10 years.
So i have to refine my words. I have to, and I feel confortable trading with daily TF, also 4hr TF suit my tranquillity. I tried my indicators, i tried many strategy, everything, but in conclusion i gave up some years ago because i didn't have any improve.
Now i am thinking to give me a second chance with the trading, and I know that i need a strategy that is stress free, I need a strategy based on daily TF, i need a strategy with no indicators.
It seems that the PASR describes what i need.
Next time i will more cherry picking with my sentence.
Okrim
  • #18,051
  • Jun 19, 2024 3:19pm Jun 19, 2024 3:19pm
Let's see and please correct me if I am wrong, on USDJPY:
on Monthly TF we have a clear BULL TREND
on Weekly TF we have a clear BULL TREND
so on Daily TF we have to look for a LONG setup when we are in BULL TREND and we are in it

At the price 158.370 we are at the level of possible resistance, I am not sure if a setup happens on the trend line to take it, because that resistance is really close.
What is your thought?
Otherwise a safer entry could be waiting for the price to break that level e retest it, like in the picture i attatch.
If my analysis is correct, where would you enter long? I ask just to understand,
Thanks
Okrim
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  • #18,052
  • Jun 19, 2024 3:59pm Jun 19, 2024 3:59pm
Hello again, i am creating my FOREX watchlist.
AUDCHF
monthly: BEARISH
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Weekly: Price breaks the last swing high, so for me it is a sign of potential end of the bearish trend? Anyway the price seems to find resistance and a possible downtrend until 0.5615 is likely.
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Daily: Price was in uptrend until it found resistance, now is going back down again, the bearish cross of the EMAs is imminent, it found just support on the degraded level i drow, i think if the price goes below it and retest, it would be a nice setup for short trade.
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Please let me know if my analisys is correct, any help is really apprecieted!
Thanks
Okrim
  • #18,053
  • Jun 19, 2024 4:05pm Jun 19, 2024 4:05pm
Quoting okrim
Let's see and please correct me if I am wrong, on USDJPY: on Monthly TF we have a clear BULL TREND on Weekly TF we have a clear BULL TREND so on Daily TF we have to look for a LONG setup when we are in BULL TREND and we are in it At the price 158.370 we are at the level of possible resistance, I am not sure if a setup happens on the trend line to take it, because that resistance is really close. What is your thought? Otherwise a safer entry could be waiting for the price to break that level e retest it, like in the picture i attatch. If my analysis...
Hi
Try watching one market for a while and dont bother with this nonsense unless you have a whole desk of analysts
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price will go wherever it will go
just follow one instrument religiously and start paper trading. and then post your trades. (dont bother hiding the mess of the losers, they will be around 50% or more if you are just starting out) post everything. We will dissect and bollock and it still will not feel so humiliating compared to what we get each day from Mr Market
  • #18,054
  • Jun 19, 2024 4:26pm Jun 19, 2024 4:26pm
Quoting bistolis
{quote} Hi Try watching one market for a while and dont bother with this nonsense unless you have a whole desk of analysts {image}
Thanks for replying, I don't understand your statement, can you explain me in other words? I am not English. Thanks!
  • #18,055
  • Jun 20, 2024 2:43am Jun 20, 2024 2:43am
Quoting okrim
{quote} Thanks for replying, I don't understand your statement, can you explain me in other words? I am not English. Thanks!
Pick one instrument and just watch that one
and start paper trading or demo trading or whatever only one
  • #18,056
  • Jun 20, 2024 11:56am Jun 20, 2024 11:56am
I guess Strat was earning another yacht while I was in corporate land!

Many opportunites on MES today ...
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Fix up, trade sharp ...
  • #18,057
  • Jun 22, 2024 3:33pm Jun 22, 2024 3:33pm
Quoting okrim
Hello again, i am creating my FOREX watchlist. AUDCHF monthly: BEARISH {image} Weekly: Price breaks the last swing high, so for me it is a sign of potential end of the bearish trend? Anyway the price seems to find resistance and a possible downtrend until 0.5615 is likely. {image} Daily: Price was in uptrend until it found resistance, now is going back down again, the bearish cross of the EMAs is imminent, it found just support on the degraded level i drow, i think if the price goes below it and retest, it would be a nice setup for short trade....
Stay away from CHF pairs.............
If you are reading the thread you will know why.
  • #18,058
  • Edited 5:51pm Jun 22, 2024 3:41pm | Edited 5:51pm
Quoting first_major
{quote} Clear Terry, indeed, zooming out, or lookig at the whole chart reveals it. Just to veify my understanding of WCC. do we trade it from S to R , or wait for a break?
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  • #18,059
  • Jun 22, 2024 4:15pm Jun 22, 2024 4:15pm
Quoting TerryDawe
{quote} Stay away from CHF pairs............. If you are reading the thread you will know why.
Thanks for advice, since the thread has 903 pages, it is up to you if you prefer to tell me directly why...

Cheers
Okrim
  • #18,060
  • Jun 22, 2024 5:46pm Jun 22, 2024 5:46pm
Quoting okrim
{quote} Thanks for advice, since the thread has 903 pages, it is up to you if you prefer to tell me directly why... Cheers Okrim
Historically price has been shown to be manipulated by the SNB so the risk is not worth the reward since there are so many other pairs to trade.
So trade if you wish as long as you are aware of this>
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