Strat's PASR Long Term, Stress Free Trading 14,637 replies
Short Term Vs. Long Term Trading 74 replies
Short Term / Medium Term / Long Term? 3 replies
DislikedGBPUSD weekly, ready for another leg up?Ignored
DislikedI agree with that, was looking at that pair as well and decided to wait. Many resistance levels up to 1.57. Weekly 20 and weekly 50 almost parallel, which means to me no clear direction, it could go either way.
If this weeks candle manages to close as a BUEB taking out 1.57 then I would look for PA and 1.60 could be a target.
So for me waiting time until next week at least for this pair.
Just my 2 cent, I am at page 60 right now, so still some way to go, although I start to get the message
By the way, I play piano. No bass guitar and drums...Ignored
DislikedIf the GU hourly chart stays firm near the current level or fluctuates in higher-high and higher- low fashion, then a breakout for the daily and weekly charts would be more likely, IMHO.
DislikedThe cable is located within a block consolidation
There is a strong level of S / R @ 1.5500Ignored
DislikedWait to see how this week close, above 1.5470 and bulish candle is a good sign.Ignored
DislikedHi Patrick. Understand that one would be looking of a bullish bar and strong close before initiating long.
In terms of PA at SR why do you look for "above 1.5470" specifically? I have it (1.5471) as the high of the weekly candle starting 11.July but I don't understand why you specify 1.5470 as the key, rather than the high of week starting 11 April which is 1.5522 on my data, arrowed below:Attachment 543525
Obviously, your entry would be 50pips better but, other than the fact that the 1.547x weekly high has occurred more recently than...Ignored
DislikedIf we have a strong bullish close candle on Boss, I will see what price does around 1.5400-70 level on Worker. It is just level where price recently reacted to it, nothing specifically.Ignored
DislikedNo! I haven't passed over to the dark-side and am NOT trading 5min charts! I just happened to be scrolling dailies and as we are less than 3 hours into a new day (on my broker),...Ignored
“They’re working through some difficult problems,” Geithner said on Bloomberg Television. “My view is they should be focusing like we are on how to make sure they’re reinforcing recovery in Japan and doing things that are going to help.”
Yep. Do what we are doing. You will be fine.
I will be waiting for PASR to show me the way to profit from this one.Ignored