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Strat's PASR Long Term, Stress Free Trading 18,592 replies

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  • #18,081
  • May 14, 2013 2:37pm May 14, 2013 2:37pm
Quoting patrick25
{quote} Thanks LarryK, something never changes. I will try to ride wave 3 on this one. {image}
nice Patrick

I like also GBP/NZD ...slowly i understand what patience in trading really means

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  • #18,082
  • May 14, 2013 4:40pm May 14, 2013 4:40pm
USDCAD

looks like a no-brainer up to 1.25

gb
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  • #18,083
  • May 14, 2013 5:22pm May 14, 2013 5:22pm
USDCAD
Quoting Rubens PP
USDCAD looks like a no-brainer up to 1.25 gb {image}
Sometimes it helps to have no brains, Greek Bouncer!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #18,084
  • May 14, 2013 5:24pm May 14, 2013 5:24pm
GBPNZD
Quoting bullzeye
{quote} nice Patrick I like also GBP/NZD ...slowly i understand what patience in trading really means {image}
So this is what you have been doing while you have been away and here's me thinking you had drowned in your beer! Good job.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,085
  • May 14, 2013 7:13pm May 14, 2013 7:13pm
Audchf

Basic PASR.
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  • #18,086
  • May 14, 2013 8:59pm May 14, 2013 8:59pm
AUDNZD
Quoting patrick25
Audchf Basic PASR. {image}
Keep a close watch on AUDNZD, Patrick
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,087
  • May 15, 2013 8:08am May 15, 2013 8:08am
Hello everybody!
I'm following The Path on stratsforextrading...
This is what I see on EurAud (on the boss chart...)
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1,3 it's a big boss R
Thank you for comments!
  • #18,088
  • Edited 10:35am May 15, 2013 9:25am | Edited 10:35am
Quoting mitomane86
Hello everybody! I'm following The Path on stratsforextrading... This is what I see on EurAud (on the boss chart...) {image} 1,3 it's a big boss R Thank you for comments!
You will have to wait while NY closes the week out at 4pm NY time on Friday
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,089
  • May 15, 2013 1:59pm May 15, 2013 1:59pm
Quoting mitomane86
Hello everybody! I'm following The Path on stratsforextrading... This is what I see on EurAud (on the boss chart...) {image} 1,3 it's a big boss R Thank you for comments!
1.315 is key for resistance for me, closed part of my longs from 15 April today.
I will consider shorts below 1.295
  • #18,090
  • May 16, 2013 2:00am May 16, 2013 2:00am
Quoting LarryK
{quote} I quite like that trade Patrick. My chart has a shadow covering the recent weekly range and a SR at 1.55, that was tested after the breakout of the weekly range last week, although the price did not close outside that weekly range. {image} Larry
There you go now, have to wait for a close outside that weekly range before committing to the trade, still has possibilities though, now back down the weekly range again? NZDUSD is at support so every chance of some action, while EURUSD still has potential to go down further.

although I did trade this, when I looked at the EU and NU scenario, I decided to exit near to BE, very small loss.

Larry
  • #18,091
  • May 16, 2013 5:10am May 16, 2013 5:10am
[quote=trogger;6654801]
Quoting trogger
{quote} Return of the Mantis - Part III Now, PLEASE don't tell me you didn't spot this one? {image}

Out.

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  • #18,092
  • May 16, 2013 9:28am May 16, 2013 9:28am
nice WILDTHING

i am in the same one, awaiting pa around parity

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  • #18,093
  • May 16, 2013 9:31am May 16, 2013 9:31am
Quoting strat
GBPNZD {quote} So this is what you have been doing while you have been away and here's me thinking you had drowned in your beer! Good job.
Ha Ha, drowned in beer ...this is how my every weekend looks like

Thanks for your comments friend, i guess i am not that small worm in the big jungle anymore
  • #18,094
  • May 16, 2013 9:44am May 16, 2013 9:44am
[quote=trogger;6684265]
Quoting trogger
{quote} Out. {image}
I'm still in Wild Thing, milking all the AUD pairs for what they're worth! I'm surprised you didn't hold on for the Boss target.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,095
  • May 16, 2013 9:50am May 16, 2013 9:50am
Quoting bullzeye
{quote} Ha Ha, drowned in beer ...this is how my every weekend looks like Thanks for your comments friend, i guess i am not that small worm in the big jungle anymore
You are applying PASR very well as well as learning to deal with your "Little People" so I am impressed and hope you continue. As for the food in the jungle, you have now joined the ranks of those eating the food in the jungle! Let's SEE more.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,096
  • May 16, 2013 3:00pm May 16, 2013 3:00pm
[quote=strat;6685135]
Quoting trogger
{quote} I'm still in Wild Thing, milking all the AUD pairs for what they're worth! I'm surprised you didn't hold on for the Boss target.
I don't mind that you privately trade every single instance of a pair that has one currency as the other side and when that currency is weak/strong and on a run (eg JPY recently long and AUD recently short), but you do not advise your students to do this , so posting that you have done so is confusing.

No use saying we should do as you say and not as you do, just don't tell us what you do that is not per your teaching!!

Larry
  • #18,097
  • May 16, 2013 5:29pm May 16, 2013 5:29pm
[quote=LarryK;6685904]
Quoting strat
{quote} I don't mind that you privately trade every single instance of a pair that has one currency as the other side and when that currency is weak/strong and on a run (eg JPY recently long and AUD recently short), but you do not advise your students to do this , so posting that you have done so is confusing. No use saying we should do as you say and not as you do, just don't tell us what you do that is not per your teaching!! Larry
Then its good that you are still not on the private site as I have just started a thread discussion on "How to Trade for A Living", instead of grabbing pips, with a copy of my separate LIVE TRADING account showing 15 add on trades I did on the evening of May 14, 2013. Included in there were 2 more shorts on AUDCAD!
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,098
  • May 16, 2013 5:38pm May 16, 2013 5:38pm
Quoting mitomane86
Hello everybody! I'm following The Path on stratsforextrading... This is what I see on EurAud (on the boss chart...) {image} 1,3 it's a big boss R Thank you for comments!
Below is why we don't consider The Boss until the CLOSE of the candle at 4pm NY time on Fridays.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #18,099
  • May 16, 2013 6:38pm May 16, 2013 6:38pm
BUYING OVERBOUGHT INDICATORS

From an inquiry we had on the website:

Second thing is that usually BIG BOSS and BOSS are bullish or bearish at the same time when the market is already overbought or oversold - isn't that correct? Doesn't it mean that most of the traders would consider the price too high/low to long/short it? Therefore I would be rather on the other side of transaction.. but I'm just a newbie so I probably would be wrong

My reply was:

Overbought and oversold ONLY exist in the minds of people who rely on and use indicators. There is NO PRICE TOO LOW that we won't SELL and NO PRICE TOO HIGH that we won't BUY. As far as the BIG BOSS and BOSS, you need to UNDERSTAND the Power of Time Frames and the Higher Order of Time Frames

And, as if by magic, along comes EURAUD as an example


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15 YEARS OF PASR ON FOREX FACTORY!
  • #18,100
  • May 17, 2013 1:56am May 17, 2013 1:56am
[quote=strat;6686106]
Quoting LarryK
{quote} Then its good that you are still not on the private site as I have just started a thread discussion on "How to Trade for A Living", instead of grabbing pips, with a copy of my separate LIVE TRADING account showing 15 add on trades I did on the evening of May 14, 2013. Included in there were 2 more shorts on AUDCAD!
So it is now 'good' that I am no longer on your private site, why is that? I will continue to try to apply the principles taught here, and trade conservatively and with the object of conserving my capital and not succumbing to greed.

The biggest problem with all these forums is that you seldom hear about the failed trades, Patrick seems unafraid to admit to his occasional losing trades. If I enter a trade with PASR I always post it shortly after I have entered. If I trade another strategy then I say nothing here, win or lose, it is not relevant here.

Larry
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