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Strat's Long Term Stress Free Trading

  • #19,301
  • Jun 10, 2014 2:08pm Jun 10, 2014 2:08pm
GBPNZD

PRICE on it's way to TARGET

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.PNG Size: 57 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,302
  • Jun 10, 2014 2:25pm Jun 10, 2014 2:25pm
GBPUSD

Our HIGHER TIME FRAMES tell us what is going on (or not going on) with GBPUSD

The BOSS Primary Trend is DOWN but the WORKER Immediate Trend is UP so nothing will happen in this CONFLICT until one wins out over the other. We are on the sidelines WAITING for resolution.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd BOSS.PNG Size: 55 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd WORKER.PNG Size: 53 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,303
  • Jun 10, 2014 2:33pm Jun 10, 2014 2:33pm
NZDCAD

PRICE struggling with resistance on it's way to TARGET

Attached Image (click to enlarge)
Click to Enlarge Name: nzdcad.PNG Size: 45 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,304
  • Jun 10, 2014 2:37pm Jun 10, 2014 2:37pm
NZDCHF

PRICE broke through resistance on it's way to TARGET

Attached Image (click to enlarge)
Click to Enlarge Name: NZDCHF.PNG Size: 59 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,305
  • Jun 12, 2014 9:37am Jun 12, 2014 9:37am
NZDCHF

Quoting strat
NZDCHF PRICE broke through resistance on it's way to TARGET
PRICE blew through the 1st TARGET and is now advancing on our 2nd TARGET

Attached Image (click to enlarge)
Click to Enlarge Name: nzdchf.PNG Size: 57 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,306
  • Jun 12, 2014 9:45am Jun 12, 2014 9:45am
Quoting strat
GBPUSD Our HIGHER TIME FRAMES tell us what is going on (or not going on) with GBPUSD The BOSS Primary Trend is DOWN but the WORKER Immediate Trend is UP so nothing will happen in this CONFLICT until one wins out over the other. We are on the sidelines WAITING for resolution.
This CONFLICT, CONFUSION and CONSOLIDATION is already identified to us by our WEEKLY CONTROL CANDLE where PRICE will just WIZ up and down at random until PRICE closes outside the Weekly Control Candle

Attached Image (click to enlarge)
Click to Enlarge Name: gpusd.PNG Size: 51 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,307
  • Jun 12, 2014 4:57pm Jun 12, 2014 4:57pm
AUDCHF

Hanging Man today however, the Hanging Man is not part of my PASR method and is not used for trading. This one appears to be another aberration as it is not supported by our PASR target - see post # 19,283.

Attached Image (click to enlarge)
Click to Enlarge Name: audchf Hanging Man.PNG Size: 49 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,308
  • Jun 13, 2014 12:57pm Jun 13, 2014 12:57pm
CADCHF

PRICE is at RESISTANCE so it can do 3 things:

1) CLOSE above resistance and continue higher

2) CLOSE below resistance and pull back

3) Do NOTHING - just go sideways (like CADJPY)

Attached Image (click to enlarge)
Click to Enlarge Name: cadchf.PNG Size: 44 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,309
  • Jun 13, 2014 2:56pm Jun 13, 2014 2:56pm
GBPJPY

Why PRICE ACTION at SUPPORT and RESISTANCE (PASR) will ALWAYS be MORE PROFITABLE and CONSISTENT over MARKET GURUS and their indicator charts:

Attached Image (click to enlarge)
Click to Enlarge Name: #1 sheep.PNG Size: 30 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY PASR.PNG Size: 55 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,310
  • Jun 15, 2014 8:51pm Jun 15, 2014 8:51pm
GBPAUD

Hammer supported by BOSS Strat Shadow - BUY!

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud BOSS.PNG Size: 40 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,311
  • Jun 16, 2014 1:05am Jun 16, 2014 1:05am
USDCAD: placed 2 orders, one nearly reached the target, and will keep on trailing the other. PASR Strategies is indeed Profitable,
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB
  • #19,312
  • Jun 16, 2014 8:54am Jun 16, 2014 8:54am
PASR

Quoting Fx4real
USDCAD: placed 2 orders, one nearly reached the target, and will keep on trailing the other. PASR Strategies is indeed Profitable,
Yes, as you have shown, PASR is profitable even in range trading.
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,313
  • Jun 16, 2014 6:11pm Jun 16, 2014 6:11pm
GBPUSD

WAITING for PASR

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd BIG BOSS.PNG Size: 53 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,314
  • Jun 17, 2014 9:56am Jun 17, 2014 9:56am
gbpnzd

Quoting strat
gbpnzd price on it's way to target
target achieved

Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd TARGET.PNG Size: 57 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,315
  • Jun 17, 2014 10:00am Jun 17, 2014 10:00am
NZDCHF

Quoting strat
NZDCHF PRICE broke through resistance on it's way to TARGET
Target achieved

Attached Image (click to enlarge)
Click to Enlarge Name: nzdchf TARGET.PNG Size: 51 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,316
  • Jun 17, 2014 10:06am Jun 17, 2014 10:06am
GBPUSD

Quoting strat
{quote} This CONFLICT, CONFUSION and CONSOLIDATION is already identified to us by our WEEKLY CONTROL CANDLE where PRICE will just WIZ up and down at random until PRICE closes outside the Weekly Control Candle
PRICE CLOSE outside and above our Weekly Control Candle but only up to RESISTANCE

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd WCC.PNG Size: 51 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,317
  • Jun 17, 2014 10:19am Jun 17, 2014 10:19am
CADJPY

PRICE still contained within our WEEKLY CONTROL CANDLE and therefore going NOWHERE - when will this madness end?

Attached Image (click to enlarge)
Click to Enlarge Name: cadjpy WCC.PNG Size: 49 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,318
  • Jun 17, 2014 11:23am Jun 17, 2014 11:23am
EURAUD: This is a snapshot of my EURAUD trade i copied from my Forexfactory's Trade Explorer. This is actually a free trade that is almost 250pip away from the entry level. The trade has been running since May 22, almost 27 days. now i am thinking about how to exit the trade. one mind is telling me to put a stop loss at the SR level (1.4614), and the other is telling me to put my SL a few pips above todays Candle. by putting the SL at 1.4614, I am gonna risk almost half of the profit. please I need your input on this.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.jpeg Size: 585 KB
  • #19,319
  • Jun 17, 2014 12:21pm Jun 17, 2014 12:21pm
EURAUD

Quoting Fx4real
EURAUD: This is a snapshot of my EURAUD trade i copied from my Forexfactory's Trade Explorer. This is actually a free trade that is almost 250pip away from the entry level. The trade has been running since May 22, almost 27 days. now i am thinking about how to exit the trade. one mind is telling me to put a stop loss at the SR level (1.4614), and the other is telling me to put my SL a few pips above todays Candle. by putting the SL at 1.4614, I am gonna risk almost half of the profit. please I need your input on this.
First, no-one can tell YOU how to trade. Trading is a very personal and individual profession where each trader has his own unique style, character and risk.

What does your PLAN tell you to do? Did you have a PLAN? You should never enter a trade WITHOUT first knowing your exit. What is your profit objective? Are you position trading, swing trading or trend trading or do you even know? How much draw down does your PLAN allow for? Are you even prepared to handle draw down?

Have you studied the Boss chart to SEE what the Worker "should" do? Do you know what the PRIMARY TREND is? UP or DOWN? Are you following the Primary Trend? Are you following anything?

Study the attached BOSS and Worker charts and make YOUR decision.

Attached Image (click to enlarge)
Click to Enlarge Name: euraud BOSS.PNG Size: 45 KB


Attached Image (click to enlarge)
Click to Enlarge Name: euraud Worker.PNG Size: 50 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,320
  • Jun 17, 2014 3:03pm Jun 17, 2014 3:03pm
Quoting Fx4real
EURAUD: This is a snapshot of my EURAUD trade i copied from my Forexfactory's Trade Explorer. This is actually a free trade that is almost 250pip away from the entry level. The trade has been running since May 22, almost 27 days. now i am thinking about how to exit the trade. one mind is telling me to put a stop loss at the SR level (1.4614), and the other is telling me to put my SL a few pips above todays Candle. by putting the SL at 1.4614, I am gonna risk almost half of the profit. please I need your input on this. {image}
Nice entry fx4real, missed it myself, but I think I would have taken it if I had seen it. As for your exit, I would have set a TP in the S/R range around 1.4430-1.4350 which you would have hit last week and from which it is currently showing a decent bounce from. At TP at the top of that range would have still given you almost 250 pips, a great trade, it doesn't take many of them to make the month look good!

Cheers
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