Forex Factory (https://www.forexfactory.com/)
-   Trading Journals (https://www.forexfactory.com/forum/49-trading-journals)
-   -   MY PASR journey Based on Strat's PASR Trading (https://www.forexfactory.com/thread/947627-my-pasr-journey-based-on-strats-pasr)

Suran Sep 12, 2019 9:52am | Post# 1

MY PASR journey Based on Strat's PASR Trading
 
Hello ,

As I am trading and learning little longer I figured my trigger happy finger needs controlling. And Keeping a Journal seams to be the best way to learn from UPs and Downs.

The main method I am trying to learn is in here.
Strat's PASR thread
https://www.forexfactory.com/showthread.php?t=155459 and
https://www.forexfactory.com/showthread.php?t=708441 Here. Which are gold mine to anybody needs to learn pure PASR.

Also I need to give credit to James16 chart thread and their private forum for the materials I learnt in the past. which is in here.

https://www.forexfactory.com/showthread.php?t=2331

However it seams both of these threads seams past their prime. which is normal to any thing in life.which we used to call "Anichcha" (impermanence) in Pali

However the materials are there so will see if I can use it to achieve what I wanted to achieve. I will be posting my analysis and trades here. Not only the wining trades but also the losing ones.

Suranga

strat Sep 12, 2019 11:12am | Post# 2

PASR

I wish you the very best, Suranga, but, ABOVE ALL, practice and execute the elements of emotion and psychology in your signature:

<< Focus, Patience, Discipline, Determination and Perseverance >>

strat Sep 12, 2019 11:27am | Post# 3

1 Attachment(s)
PASR

Hopefully this will be INSPIRATION for you

Click to Enlarge

Name: a.PNG
Size: 43 KB

Suran Sep 12, 2019 1:19pm | Post# 4

PASR I wish you the very best, Suranga, but, ABOVE ALL, practice and execute the elements of emotion and psychology in your signature: << Focus, Patience, Discipline, Determination and Perseverance >>
I knew ..I knew ..Even though you were in hiding these days.. I knew your were looking after US. Thanks a lot coach. No words for pay my gratitude for you. let see how this works out.

Suranga

Suran Sep 12, 2019 1:32pm | Post# 5

3 Attachment(s)
USDJPY

Click to Enlarge

Name: USDJPYmicroH1.png
Size: 29 KB

AUDNZD

Click to Enlarge

Name: AUDNZDmicroH4.png
Size: 34 KB

NZDJPY

Click to Enlarge

Name: NZDJPYmicroH1.png
Size: 31 KB

Let see whats happen after

Scrumy Sep 12, 2019 1:38pm | Post# 6

Wish you all the best. Staying accountable by having a trading journal seems to be the right choice. Trading is a lonely journey in itself. Looking forward to your trades and progress.

Eushev24 Sep 12, 2019 5:00pm | Post# 7

Subscribed!

Hey Suran! Wish you good luck with your new journal!

Its awesome to have journal. I have one too, but i am too shy to share it maybe in the future, i will keep it offline . I have journals for my life experiances, my thoughts, goals, mindset and etc. Its nice to have such a feed back! I have a journal even for my expenses /very help full/ .

I am still new to the PASR, but i am excited for you! Good luck!

Have a good day,
Emil

Suran Sep 12, 2019 9:23pm | Post# 8

Wish you all the best. Staying accountable by having a trading journal seems to be the right choice. Trading is a lonely journey in itself. Looking forward to your trades and progress.
Thanks Scrumy, being accountable for my own trading decision were the one kept my development up to now ,I figured. Because no body can see my entries and exits. I used to post only my good trades in Strat's thread. So I decided to open a journal here with out posting all the garbage in Strat's thread. Only good trades will be posted there in future.

BTW upto now it seams going well. because I have to post all the trades and I HAVE to take only A+++ trades

Suranga

Suran Sep 12, 2019 9:28pm | Post# 9

Subscribed! Hey Suran! Wish you good luck with your new journal! Its awesome to have journal. I have one too, but i am too shy to share it maybe in the future, i will keep it offline . I have journals for my life experiances, my thoughts, goals, mindset and etc. Its nice to have such a feed back! I have a journal even for my expenses /very help full/ . I am still new to the PASR, but i am excited for you! Good luck! Have a good day, Emil

Keeping a journal seams owesome. Because its very helpful to learn from mistakes. And the important thing is EVERYBODY can see it. That causes for us to take only good trade.So you should keep a journal I think.
BTW being shy to share it is very good.because if you share your journal then that will keep you from taking useless trades.So me thinks its good to open up

Suranga

Suran Sep 12, 2019 9:44pm | Post# 10

2 Attachment(s)
EURGBP

Pros
1. A+ BUOB (Close of the bar is at extreme)
2.PRICE at 50% Ret
3.Previous S\R
4. Rejected by Worker 200+ and BOSS 20.

Cons
Daily counter trend


However, lots of point towards UP

Plan
take profit at .90500

Click to Enlarge

Name: EURGBPDaily.png
Size: 46 KB

Click to Enlarge

Name: EURGBPmicroDaily.png
Size: 30 KB

Mhons Sep 13, 2019 3:11am | Post# 11

Go for it Suran.

Green pips to YOU!

MH

Suran Sep 13, 2019 5:58am | Post# 12

Go for it Suran. Green pips to YOU! MH
Thanks Mhons.

strat Sep 13, 2019 8:46am | Post# 13

EURGBP Pros 1. A+ BUOB (Close of the bar is at extreme) 2.PRICE at 50% Ret 3.Previous S\R 4. Rejected by Worker 200+ and BOSS 20. Cons Daily counter trend However, lots of point towards UP Plan take profit at .90500 {image} {image}
Suranga, there are no A+++ counter trend trades!

Make sure you check the Weekly.

Suran Sep 13, 2019 8:52am | Post# 14

{quote} Suranga, there are no A+++ counter trend trades! Make sure you check the Weekly.
Luckily it didn't trigger. When I saw that liquidity came to the market I closed that pending order. Also closed EURAUD for zero loss after reading your reply. Will refine my entry rules. Still having that trigger happy syndrome.

Thanks a lot

Suran Sep 13, 2019 9:34am | Post# 15

1 Attachment(s)
If only I can see the same tomorrow..This is what Strat is talking about..lets see..tomorrow

Click to Enlarge

Name: GBPCADmicroDaily.png
Size: 28 KB

MikuSS Sep 13, 2019 10:35am | Post# 16

1 Attachment(s)
USDJPY {image} AUDNZD {image} NZDJPY {image} Let see whats happen after
More add-ons for USDJPY?

Click to Enlarge

Name: USDJPYH1.png
Size: 46 KB

strat Sep 13, 2019 11:36am | Post# 17

1 Attachment(s)
usdjpy
Click to Enlarge

Name: USDJPYH1.png
Size: 45 KB

strat Sep 13, 2019 11:38am | Post# 18

If only I can see the same tomorrow..This is what Strat is talking about..lets see..tomorrow {image}
WAIT for a re-test of the Strat Shadow as SUPPORT to confirm it is a genuine breakout/start of the up trend

Suran Sep 13, 2019 11:55am | Post# 19

{quote} More add-ons for USDJPY? {image}
Yes I did , But.. now after seing Strats reply.... second thoughts..however I will let it play out so that I can learn the lesson properly.

BTW my NZDCAD trade looks *&$#@.. I should have waited daily price action candle. Now I have the option to close it with little loss. But If I close it now then I would not learn the lesson. Will allow to play it out. then I will sit down and review.


P.S. Closed both USDJPY trades after H1 little shooting star type candle.

Suran Sep 13, 2019 11:56am | Post# 20

{quote} WAIT for a re-test of the Strat Shadow as SUPPORT to confirm it is a genuine breakout/start of the up trend
Yap ,thanks

Fxtesla Sep 13, 2019 12:51pm | Post# 21

You more trade manual our use EA ?

BeyondTheSea Sep 13, 2019 2:46pm | Post# 22

All the very best with your thread and trading, Suranga

MikuSS Sep 14, 2019 1:09am | Post# 23

{quote} Yes I did , But.. now after seing Strats reply.... second thoughts..however I will let it play out so that I can learn the lesson properly. BTW my NZDCAD trade looks *&$#@.. I should have waited daily price action candle. Now I have the option to close it with little loss. But If I close it now then I would not learn the lesson. Will allow to play it out. then I will sit down and review. P.S. Closed both USDJPY trades after H1 little shooting star type candle.
Hi Suran,

Price is definitely consolidating at the bottom of the Strat Shadow, which is still in our favour. But defeintely not an A+ setup.

If I had entered, the SL would be small, so I would just let it play out like you are suggesting.

Regards,
Miku

Suran Sep 15, 2019 3:06am | Post# 24

All the very best with your thread and trading, Suranga
Thanks BTS

Suran Sep 15, 2019 3:07am | Post# 25

You more trade manual our use EA ?
NO EA's ,just training in pure price action

Suran Sep 15, 2019 3:19am | Post# 26

1 Attachment(s)
USDJPY post-mortem

Killed the trade for no loss.The PRICE ACTION shows a signs of weakness. Made a mistake here. As my initial analysis charts did not have 108.132 resistance drawn. If I had them then I would not have traded in to that. Even though Strat shadow shows Buyers the PRICE seams like loosing momentum. Capital preservation No.1 priority.

Click to Enlarge

Name: USDJPYmicroH1.png
Size: 27 KB

Suran Sep 15, 2019 3:41am | Post# 27

1 Attachment(s)
NZDJPY post-mortem

Click to Enlarge

Name: NZDJPYmicroH1.png
Size: 51 KB


Price now have confirmed swing high in Daily. which means... further analysis ha ha..

Suran Sep 17, 2019 10:20am | Post# 28

1 Attachment(s)
NZDUSD Post mortem

As I had to leave the charts and not able to check the charts ....I wanted to take some profits off the table and make other break even, But done a mistake...closed all the trades.any how...profits are profits.. learned the lesson

Click to Enlarge

Name: NZDUSDmicroH1.png
Size: 32 KB

Suran Sep 17, 2019 10:28am | Post# 29

1 Attachment(s)
AUDUSD Post mortem

This is a bit risky trade.I should have waited for a proper PRICE ACTION. Seams I was greed for some pips. which is not very helpful with trading . Capital preservation should be No.1 priority. As I wasn't comfortable with it I closed it for 8 pips profit. which is nothing

Click to Enlarge

Name: AUDUSDmicroDaily.png
Size: 37 KB

Suran Sep 17, 2019 10:32am | Post# 30

1 Attachment(s)
NZDCAD post mortem

When I saw price having trouble to break free of this .8380 level due to the fact that I had to leave home I closed it and took my profits.


Click to Enlarge

Name: NZDCADmicroH4.png
Size: 32 KB

MikuSS Sep 17, 2019 11:08am | Post# 31

NZDUSD Post mortem As I had to leave the charts and not able to check the charts ....I wanted to take some profits off the table and make other break even, But done a mistake...closed all the trades.any how...profits are profits.. learned the lesson {image}
Lucky you.. look at the pullback now.

Suran Sep 17, 2019 11:30am | Post# 32

1 Attachment(s)
{quote} Lucky you.. look at the pullback now.

Yes ,But I figured PRICE always (or mostly) give us a hint .check 0.63232 level in the past and see the H1 PA and that BUEB. if we trading H1 time frame then that would be enough to take a action. But I didn't have that line on my chart because I entered with Daily chart. I figured NZDCAD having trouble to break .8397 level because of the wick of that exit candle

Click to Enlarge

Name: NZDUSDmicroH1.png
Size: 34 KB

BeyondTheSea Sep 17, 2019 2:34pm | Post# 33

1 Attachment(s)
NZDUSD Post mortem As I had to leave the charts and not able to check the charts ....I wanted to take some profits off the table and make other break even, But done a mistake...closed all the trades.any how...profits are profits.. learned the lesson {image}
Well done Suran. I was in the same trade.

I pretty much trade these set ups exclusively now. I look for H1 highs (or lows) during London and then wait for the failures. Using BASIC PASR and the higher timeframe trend direction (that our mentor taught us).

Using very disciplined and defensive trade management I'm achieving very high win rates (which are really limiting losses) and the trades that catch on are the paychecks.

I do this every day; day in, day out and do not allow myself to be distracted by anything or anyone, including forums .

Click to Enlarge

Name: NZDUSDM15.png
Size: 65 KB

Suran Sep 17, 2019 7:49pm | Post# 34

{quote} Well done Suran. I was in the same trade. I pretty much trade these set ups exclusively now. I look for H1 highs (or lows) during London and then wait for the failures. Using BASIC PASR and the higher timeframe trend direction (that our mentor taught us). Using very disciplined and defensive trade management I'm achieving very high win rates (which are really limiting losses) and the trades that catch on are the paychecks. I do this every day; day in, day out and do not allow myself to be distracted by anything or anyone, including...
I look for H1 highs (or lows) during London and then wait for the failures.

This is pretty good way to find the trend continuation. thanks for the insight.


Suranga



BTW. May be I will post your chart and comments in the main thread so others can also benefit from it.

Suran Dec 12, 2019 6:07am | Post# 35

1 Attachment(s)
M5 Trend trading

bang...

Click to Enlarge

Name: GBPAUDM5.png
Size: 33 KB

Took the pips and run away ..lol

Suran Dec 12, 2019 11:28am | Post# 36

2 Attachment(s)
Could have bagged more pips. But my little people wanted some pips .so took the pips. 10+25

Click to Enlarge

Name: GBPUSDM5.png
Size: 30 KB
Click to Enlarge

Name: GBPNZDM5.png
Size: 30 KB

mor707 Jan 14, 2020 4:44am | Post# 37

{quote} Well done Suran. I was in the same trade. I pretty much trade these set ups exclusively now. I look for H1 highs (or lows) during London and then wait for the failures. Using BASIC PASR and the higher timeframe trend direction (that our mentor taught us). Using very disciplined and defensive trade management I'm achieving very high win rates (which are really limiting losses) and the trades that catch on are the paychecks. I do this every day; day in, day out and do not allow myself to be distracted by anything or anyone, including...
Hi BeyondTheSea,

I know you have carved out your own way of trading strat's method but I would really appreciate if you post a few more of your trades. I find them very interesting.

Thanks

Suran Sep 9, 2020 11:06am | Post# 38

For many months I was concentrating on futures market and the order flow. I was dumbfounded by the fact how big players deceive the small fish like us . And then eat us for their lunch.

below quote is from another thread I read ( The equilibrium, a key to success) , Any body who want to know more I would suggest to learn how order flow works.Be warned it will be a hard work.Many months of tears.and sleepless nights.Then one day you might see the light at the end of the tunnel . However this is that quote..

"Many years ago I thought that with the pure candle chart I would be able to determine trends and resistance zones. Through the exact analysis of the futures data with my prop software, I came to the conclusion that there are actually no trends and no real resistance zones. The resistance zones that we see are initiated by the big players to deceive us and alleged trends are there to mislead dump money."

This post is to anybody to whom it may concern..Do you want to trade with the big players ..or want to be their lunch? choice is yours..



P.S. To any of my previous buddies who was learning with me ...you guessed it right..this is me saying bye bye to PASR (Well I said bye bye to this lot early).And to this journal..I learned a lot . and specially learned a lot about how it is not going to work. And really greatful to the people who dedicated their time and effort to teach.May be PASR work for them.but not for me. Even though it took couple of years of my life to figure it out. luckily I was one of those people who didn't waste my hard earned money to figure it out.

Many Pips and good health..(wear your mask..)

Suranga


© Forex Factory