Strat's Long Term Stress Free Trading

I challenge ANYONE to show me an indicator that can provide a script like PASR can.

Well, I have spent the last few weeks reading the thread and now I'm ready to hop in.

First, let me say what a pleasant change it has been going from staying up all night (I live in the US) scalping the M5 charts to trading the daily TF. I figure my blood pressure is down, I'm sleeping at night, I'm not glued to my stupid monitor for hours, and my butt isn't puckered around my chair anymore. AND, I'm still making a profit.

This is my second month "Strat Trading" and so far so good. I made 444 pips last month and I'm up 300+ this month. Not a lot of pips, but I only took a few trades (I'm probably too picky) and I'm still learning so I'm happy so far. I'm trading on a live account but I've only been risking 1 cent per pip while I adjust to the new system. I know a penny a pip seems pointless but trading on a demo account just does me ZERO good and I treat a penny pip just like a $10 pip (well, almost ).

I think I'm getting in my trades at great points because I have only had one losing trade so far. My problem is after I'm in. I'm really having a hard time deciding when to exit and when to add to my trades. That has been really hard for me. My goal is to get comfortable enough with PASR to be able to add to my trades on dips and get the good, quality pip-maker trades! Lol, but so far, when my trades start to dip off any kind of S/R I take my profit and run! It's not scared money it's just lack of confidence in my PASR analysis. But I'm gonna keep working on it.

I'm one of those people who believe in getting my SL to BE as soon as possible. That's probably a result of my M5 scalping habits. Anyway, I have been closing 1/2 my trade at +50, moving my SL to BE at +50, and letting the other half ride.

My goal was to raise the stakes when I had 3 consecutive months of profitable trading. I may change that to 4, or maybe even 6 months. I'm doing good but still lack the confidence that I would like to have.

Anyway, I'll post a few charts and see what you guys think. I doubt I'll have much to give to the thread but I'm going to try to give back at least a little of what I have got out of it. If nothing else everyone can possibly learn from my noob mistakes as Strat continually has to send my no-trading-ass back to post #1. I've been there many times before so going back doesn't scare me !

GL to all,
Marto

What is that green line?

OK I confess I am short cable, actually I am short sterling ...
For now its a shorter term trade, and because I have noticed that the Sunday night asian session will continue the strong trends of Friday and sometimes don't stall until Tuesday (I call it Turnaround Tuesday).
Cable appears to be trading a range between 1.6735 and 1.5780 and is today trading mid range and at early June levels. I am happy to sell the top of the range and buy the bottom until that changes.
It almost makes you think thats where someone wants it ...

PS - EURJPY is a range trade for me also (138.75-129.75), I like it short here, top of the range and triple top so I am watching it ...

As always - I AM OFTEN WRONG ...

This seems to be a very important line on the cable.

Same line as my purple one I hope ...
Boss (weekly chart)

This is a very nice line but I meant the squiggly line he had on there

it doesn't seem to be one of our MAs

elitejets,
Your purple line and Strat's aqua line are the same,,, diagonally down from upper left to lower right. Naws is talking about a green line that rises from the left center and becomes horizontal.... intersecting your purple line and Strat's aqua line right at the high of the recent bars.

Indeed, the light blue lines are relevant too! - long stopped at 148.....no longer my favorite play on the board, though.

I played around to see, looks like an SMA with a value between 150-170 but I can't get it quite right.
We're probably in big trouble now.

Got the other half of that EUR/JPY - the triple won't hold in my book with all that long term force, but, as I intimated last week, that one should be interesting - would expect a pause of sorts. The technical trade is to sell and protect oneself......but then, am I a technician? I see 145 there. If it breaks, it might reflect an equities overrun.

Ahhh...where is USDJPY sitting at the moment??....hmmmm....where is my map?

Strong resistance

are you still in your trade?

Ahhhhhh...you are making a joke!...that one doesn't even have it's teeth yet! Have my eye on it though in here - you know how it is - can't take your eyes off the young ones! (Strat - that doesn't mean what you think it does!)

lol really? you are saying its not strong? I see at least 5 teeth

Touche - I am looking at the lower teeth too, though. One needs a full set to chew up this beast. It's not just rice, you know!

Hint - One can see them better if the mouth is open wider. (No, Strat, that doesn't mean what you think it does, either)

hah you are loosing me here.. I scrolled back to 1995 when price was last in this area and price didn't twitch at the line so I guess in that way it is a youngin

I have an SR line at 92.30. Rejection from 92.18 today and break of my momentum DSRI line signalled exit. Waiting for new clues from PASR. If 92.30 is broken, then next SR is at 94.30.

Is this momentum DSRI line a trendline drawn on shorter tf?

Yes, similar one, start from the next candle. It is the third and last DSRI with the greatest momentum. Anyway, back to discussing daily and weekly tfs.