DislikedGreetings Strat & Co....Ignored
As traders, we all have our own individual styles BUT we all trade PASR.
Some traders are very profitable trading Big Boss SRs, others Boss SRs while those learning basic PASR should be using Worker SRs.
I use all of them when necessary plus I will also add in more on the Worker depending what I'm looking for and what I PLAN.
The most fundamental and important technique is to RECOGNISE and correctly IDENTIFY SR.
As we move into Advanced Trading, we will take recognition and identification of SR to ANOTHER LEVEL.
However, basic PASR must be UNDERSTOOD and traded until you can do it "second nature".
Too many students, after a couple of successful trades think they have "got it", think they are "experts", try and walk on water and then, when they get it wrong and LOSE, and give up because PASR doesn't work.
It appears some posters think I am exaggerating when I say you need at LEAST 3 months of successful PASR trading before you "get it". Having thought about it, yes, I was wrong, I cannot put a time constraint on it because the market may not provide us with 3 months of PASR trades so I am working on what "number of trades" qualifies us to say we "get it".
You cannot spend enough time practicing on charts.
12 YEARS OF PASR ON FOREX FACTORY!