I dont know how this work for other people so I will tell you how it is for me. Trading the Daily time frame protects me from the noise of the lower time frames. Also, it gives me the extra time I need to analyze the chart and I dont feel pressure ...

Strat's Long Term Stress Free Trading

The Big Boys took the bait — Well, if the big boys plans were to massive buy GBPCAD, they changed their mind after you said "SELL". That support didn't had any chance. There were a few technical reasons in favor for a SHORT at GBPCAD: - ...

Strat's Long Term Stress Free Trading

Indeed. At the moment trying this would not be stress free for me. Thanks for clarifying this aspect.

Strat's Long Term Stress Free Trading

NFP Week — Welcome back! Since I'm trading the Daily timeframe it feels that NFP comes every 2 weeks.

Strat's Long Term Stress Free Trading

Hello Strat, I have a question regarding the proper placement of SL for the SELL orders below candles 32 and 33. I've chosen this particular example but there are other similar patterns in the EURUSD chart. I see two possibilities: CONSERVATIVE: SL ...

Strat's Long Term Stress Free Trading

great lesson — Thanks Strat for this wonderful PASR lesson. This is the mother of the "fishing" lessons. If this thread was the Bible and you were Jesus, then the post #9625 would be (almost) the whole new testament. P.S. almost - because ...

Strat's Long Term Stress Free Trading

Yes It did help me focus more on important stuff.

Strat's Long Term Stress Free Trading

Thanks Strat for clarifying this trade. I was one of those stabbed and impaled (but not pinned ) by yesterday's candle. Now I see that I had my SR levels wrong and I've considered the BEEB from jan 22 more important than the BEEB from nov 18 and ...

Strat's Long Term Stress Free Trading

USDCAD Finale — USDCAD TRADE CLOSED at 1.0600 in the SL. The profit was 2R, that's twice the initial risk. Which is not bad considering that this trade was inside the Monthly hammer. Thanks for following this trade and I hope this was ...

Strat's Long Term Stress Free Trading

USDCAD trade follow-up #4 — Today's candle is a IB and it is between the major resistance of 1.0700 and psycho 1.0600. This IB gives me no choice but to move the SL right under it. Coincidence is that the SL is now at the psycho 1.0600. This ...

Strat's Long Term Stress Free Trading

Hey M, today is not finished yet, what are you saying? It ain't over 'til the fat lady sings.... or the SL is taken out

Strat's Long Term Stress Free Trading

Congratulation!

Strat's Long Term Stress Free Trading

USDCAD trade follow-up #3 — I'm continuing with the update for my trade: LONG USDCAD @1.0359 and initial SL at 1.0220. Today's candle broke above the 1.0600 psycho and almost reached the major resistance at 1.0700. I've moved my SL under the ...

Strat's Long Term Stress Free Trading

what do you mean "worried"? — When I saw the BUEB last night, (0:00 my time = NY's close), the price was against me. Look how it looks on my chart. I did thought that today I'll bring offerings to the market. Right now i'm still in ...

Strat's Long Term Stress Free Trading

USDCAD — Hi Larry, it's about USDCAD. You can easily follow the discussion if there is a quote in the message and the quote chain is not broken. You could click the link near the username to go to the quoted post. I usually open the quoted ...

Strat's Long Term Stress Free Trading

If the price goes makes a wobble or a retrace and a PA for LONG, I don't think I will add to the current position while its between major SR lines and inside October's Hammer because its a high risk zone. If the price will make a retrace, it will ...

Strat's Long Term Stress Free Trading

USDCAD EOW and trade follow-up #2 — There is one week left until we get a new message from Big Boss so i'll skip the monthly chart now. I've marked the last 3 candles on the weekly chart, because there is a story there. I've understood the ...

Strat's Long Term Stress Free Trading

Partial profit — Thanks Strat! I've tested that too before PASR, to split the position into 2 or 3 trades and using Take Profit. After running tests, I've noticed that using a TP was limiting my profits actually. Now that i'm learning and ...

Strat's Long Term Stress Free Trading

USDCAD trade follow-up — This is the 2nd step on the long trade. I've moved my SL to BE. I see no reason to put it close to the price as the price is getting closer to psycho 1.600. I'm waiting until tomorrow close. Right now the trade is ...

Strat's Long Term Stress Free Trading

The plan is to watch the PA as the price approaches the resistances above it. Then protect my profit by moving the SL under the price. I don't want a tight SL if there are no reasons for it. I prefer a wide SL to let the trade evolve. Reasons to ...

Strat's Long Term Stress Free Trading