EURUSD
What I do when I am bored.
This is just posted on the members' website.
Bullzeye - you who doesn't believe PASR works in EVERY time frame - are you READING and UNDERSTANDING?
When I get bored with "DEAD" markets, I like to drop down to M1 and M5 to SEE what is going on at the macro level.
So around 8:30am my time (Pacific West Coast), I toggled down to M5 and M1 to SEE where, if any, there would be some action. I put on my SR from the Worker and support from H1.
I saw that PRICE had broken H1 support but was still flirting with it.
The reasons I do this are to REINFORCE my belief in PASR - in other words, watch how PASR works at these short time frames, and "tune in" to the buyers and sellers.
I am still amazed how POWERFUL PASR is as PRICE behaves as expected around SR levels. It allows me to "SEE" the buyers and sellers and almost get in their shoes.
I was glued to the screen and telling it more or less where PRICE would go and why, when I suddenly remembered that I am a trader and should trade the darned thing.
As always happens in these cases, I get in at the tail end so was only able to squeeze out 15 pips with my smallest position as I knew the sellers were running out of sells.
I still don't enjoy trading these short time frames as a 15 pip return per hour is not my going pay rate even though I have nothing better to do (except nothing)!
For those who are struggling with PASR and have the time, watching PASR in REAL TIME on these short time frames will ACCELERATE your learning process.
What I do when I am bored.
This is just posted on the members' website.
Bullzeye - you who doesn't believe PASR works in EVERY time frame - are you READING and UNDERSTANDING?
When I get bored with "DEAD" markets, I like to drop down to M1 and M5 to SEE what is going on at the macro level.
So around 8:30am my time (Pacific West Coast), I toggled down to M5 and M1 to SEE where, if any, there would be some action. I put on my SR from the Worker and support from H1.
I saw that PRICE had broken H1 support but was still flirting with it.
The reasons I do this are to REINFORCE my belief in PASR - in other words, watch how PASR works at these short time frames, and "tune in" to the buyers and sellers.
I am still amazed how POWERFUL PASR is as PRICE behaves as expected around SR levels. It allows me to "SEE" the buyers and sellers and almost get in their shoes.
I was glued to the screen and telling it more or less where PRICE would go and why, when I suddenly remembered that I am a trader and should trade the darned thing.
As always happens in these cases, I get in at the tail end so was only able to squeeze out 15 pips with my smallest position as I knew the sellers were running out of sells.
I still don't enjoy trading these short time frames as a 15 pip return per hour is not my going pay rate even though I have nothing better to do (except nothing)!
For those who are struggling with PASR and have the time, watching PASR in REAL TIME on these short time frames will ACCELERATE your learning process.
Attached Image (click to enlarge)
15 YEARS OF PASR ON FOREX FACTORY!
