Strat's PASR Long Term, Stress Free Trading | Page 64 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MY PASR journey Based on Strat's PASR Trading 76 replies

M5 PASR Trend Trading Strat 95 replies

My PASR Trend Trading Journals 3 replies

A young trader's road to profitability - PASR trading - Live 11 replies

Fibs trading and PASR 0 replies

Attachments: Strat's PASR Long Term, Stress Free Trading
Exit Attachments

Strat's PASR Long Term, Stress Free Trading

  • #1,261
  • Dec 11, 2017 1:49pm Dec 11, 2017 1:49pm
GBPNZD M5

Quoting BeyondTheSea
M5 Just a small one trading into BRN. Today I finished in the green. {image}
Good job! Were you at your chart to SEE the entries in the blue rectangles?

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 264 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,262
  • Dec 11, 2017 1:52pm Dec 11, 2017 1:52pm
GBPNZD M5 105 pips

Quoting saad007
GBPNZD Loved this pair {image}
My favourite pair!
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,263
  • Dec 11, 2017 1:54pm Dec 11, 2017 1:54pm
GBP

Quoting saad007
Also other GBP pairs. {image} {image} {image}
GBP was weak against NZD, AUD and EUR today
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,264
  • Dec 11, 2017 2:19pm Dec 11, 2017 2:19pm
Quoting strat
GBPNZD M5 {quote} Good job! Were you at your chart to SEE the entries in the blue rectangles? {image}
Hi Strat

I was..... but was guilty of entering a FOMO trade on this pair early on. Interestingly (to me) I closed it at a loss (small), walked away and made a brew. I then looked at other pairs in case I did a revenge trade and only came back later on.
My new trading rule is if I catch myself been a muppet or a puppet I can't open a trade until after a cup of tea and I've watched the price action even if there is a trade opportunity (I'm not allowed to burn my mouth either). I'm also giving myself a max 2 loss rule and walk away for the day.

I must only trade the price action at the Shadow and PASR. NO BREAKOUTS. NO REVERSALS. NO SELF SABOTAGE. THERE IS ALWAYS ANOTHER TRADE.

Just trade the plan. As MD says "anything can happen".

PS thank you for the charts. I am printing them and using them as my road map
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #1,265
  • Dec 11, 2017 2:35pm Dec 11, 2017 2:35pm
GBPNZD M5

Quoting BeyondTheSea
{quote} Hi Strat I was..... but was guilty of entering a FOMO trade on this pair early on. Interestingly (to me) I closed it at a loss (small), walked away and made a brew. I then looked at other pairs in case I did a revenge trade and only came back later on. My new trading rule is if I catch myself been a muppet or a puppet I can't open a trade until after a cup of tea and I've watched the price action even if there is a trade opportunity (I'm not allowed to burn my mouth either). I'm also giving myself a max 2 loss rule and walk away for the...
OK, I give in, what is a "FOMO trade"?

"max 2 loss rule" - bad idea - express the loss in terms of pips or better still as a % of your account

I thought you were too busy reading, learning and understanding to trade just now?
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,266
  • Dec 11, 2017 2:39pm Dec 11, 2017 2:39pm
PASR

Quoting BeyondTheSea
{quote} Hi Strat I was..... but was guilty of entering a FOMO trade on this pair early on. Interestingly (to me) I closed it at a loss (small), walked away and made a brew. I then looked at other pairs in case I did a revenge trade and only came back later on. My new trading rule is if I catch myself been a muppet or a puppet I can't open a trade until after a cup of tea and I've watched the price action even if there is a trade opportunity (I'm not allowed to burn my mouth either). I'm also giving myself a max 2 loss rule and walk away for the...
Another tip - make your Strat Shadow a solid red colour like mine - there is no arguing what to do with PRICE and mine is so obvious and "in yer face!"

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 44 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,267
  • Dec 11, 2017 2:56pm Dec 11, 2017 2:56pm
Quoting strat
GBPNZD M5 {quote} OK, I give in, what is a "FOMO trade"? "max 2 loss rule" - bad idea - express the loss in terms of pips or better still as a % of your account I thought you were too busy reading, learning and understanding to trade just now?
Sorry, I'm not big on acronyms and picked it up from somewhere - Fear Of Missing Out. Just plain greedy!
I've been using MT4 historic charts and scrolling bar by bar, reading and watching but I find entering a live trade really focuses my understanding of PASR and Strat Shadow, there is a real consequence then to my study, the live learning is honest and hits home.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #1,268
  • Dec 11, 2017 3:01pm Dec 11, 2017 3:01pm
AUDNZD

PRICE testing Weekly Control Candle support

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 55 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,269
  • Dec 11, 2017 3:03pm Dec 11, 2017 3:03pm
Follow up on EURNZD analysis:

Took one small short on H1 late last week as noted on attached chart and hit target for 65 pips.

Price retraced to value area at H1 200ema which happened to be between worker 9sma and 20ema. Text book example of Strat's methodology.............Target down to worker 41ema area.

Move back down occurred Sunday evening and Monday overnight and I didn't access the computer at this time so missed the opportunity, but this is the kind of lower time frame opportunities to which I was referring while price is within the current WCC. This move down was good for 200 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdh1.PNG Size: 42 KB
  • #1,270
  • Dec 11, 2017 3:18pm Dec 11, 2017 3:18pm
PASR

Quoting BeyondTheSea
{quote} Sorry, I'm not big on acronyms and picked it up from somewhere - Fear Of Missing Out. Just plain greedy! I've been using MT4 historic charts and scrolling bar by bar, reading and watching but I find entering a live trade really focuses my understanding of PASR and Strat Shadow, there is a real consequence then to my study, the live learning is honest and hits home.
I find entering a live trade really focuses my understanding of PASR and Strat Shadow, there is a real consequence then to my study, the live learning is honest and hits home.

Agree 100% but is it demo, paper trading or hard earned money?
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,271
  • Dec 11, 2017 4:03pm Dec 11, 2017 4:03pm
Quoting strat
PASR {quote} I find entering a live trade really focuses my understanding of PASR and Strat Shadow, there is a real consequence then to my study, the live learning is honest and hits home. Agree 100% but is it demo, paper trading or hard earned money?
Skin in the game cash after tax and national insurance thanks to HMRC. ...
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #1,272
  • Dec 11, 2017 11:38pm Dec 11, 2017 11:38pm
Quoting strat
BASIC PASR {quote} This is an example of basic PASR on the Boss. There are 5 basic PASR trades with PRICE alternating from Support to Resistance and Resistance to Support. On the last swing, we SEE that PRICE CLOSED above resistance so we trade long to the next resistance. Reversal traders would be trading every wiggle of PRICE within our one basic PASR trade. {image}
Hi, dear Strat

My question is: when we trade BASIC PASR? Is there any condition to trade BASIC PASR?

sorry, I am a newbie, still learning hard.

I just see AUDCAD chart.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Weekly - 20171212.png Size: 63 KB

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Daily - 20171212.png Size: 56 KB


My plan as BASIC PASR TRADE is:
1- BEEB last day bar, open #1 order at market price
2- [email protected]
3- [email protected]
4- Risk=1%

The risk of this trade is: Overall Trend is DOWN, and my trade is counter with the direction of BOSS.

Best Regards

Thanks
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #1,273
  • Dec 12, 2017 2:17am Dec 12, 2017 2:17am
Hi Strat, thank you for the precious quidance, I took a trade as you can see in my charts which i believe doesnt meet all the criteria of PSAR as far as the acurate Support and resistance levels i would like your opinion.
Also i would to ask for any help in tweaking the strat shadow so it will fill the gap with color (red or green) between the price bars and the SMAs !!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPNZDmicroMonthly.png Size: 29 KB
Click to Enlarge Name: GBPNZDmicroWeekly.png Size: 27 KB
Click to Enlarge Name: GBPNZDmicroDaily.png Size: 29 KB
  • #1,274
  • Dec 12, 2017 3:11am Dec 12, 2017 3:11am
Sorry for the inconveince but i need to clarify in acordance to my previous post that my short trade was iniated after studing the hourly chart and only after three BEEB and a SHOOTING STAR!
So is this ok to do, consulting my bigger time frame (daily) which was in a bearish trend and the PSAR gave me the signals to go short?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDmicroH1.png Size: 25 KB
  • #1,275
  • Dec 12, 2017 4:22am Dec 12, 2017 4:22am
GBPAUD +40pips

Any one traded GBP on London?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2017-12-12_1617.png Size: 38 KB
Click to Enlarge Name: 2017-12-12_1619.png Size: 35 KB
  • #1,276
  • Dec 12, 2017 6:00am Dec 12, 2017 6:00am
M5

Interesting session, my initial target for these positions was the 1.9085 area. Had I been around to sit on this I would watch it longer. As it is I've got to leave and Capital Preservation is the top of my list.
Sat through the stop run/collect buys to sell; which was fun but my stop was never threatened and with more experience I might have took that pullback into the shadow.
Looks like possible reversal at 1.92 so I'm outta here. Green Day, cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM5.png Size: 54 KB
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #1,277
  • Dec 12, 2017 8:09am Dec 12, 2017 8:09am
Quoting saad007
GBPAUD +40pips Any one traded GBP on London? {image} {image}

Hi Saad.

If it's ok for u, may u post the S/R levels on h4 & h1 chart of GBPAUD that u use for the quoted trade? I just want to know how u draw ur levels, since when i try to trade M5, i always caught up on the levels and it pulls back right after i entry.. Stupid me.

Actually, This is what i mean ( i use ur old chart). How u manage this trade if, say, the marked candle is ur entry and the trade cant pass the level u mark. That happens to me (many time i think, when demoing) i did entry after the PA and then it bounce off after meet the level. . Thats why i think maybe i cant really draw a good level and wanna see yours as a conparison.

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-11-08_1722.png Size: 38 KB


hope u understand my question.

Regards
Rina
  • #1,278
  • Dec 12, 2017 9:14am Dec 12, 2017 9:14am
usdchf long my entry is correct?
Attached Image (click to enlarge)
Click to Enlarge Name: Picture9.jpg Size: 103 KB
  • #1,279
  • Dec 12, 2017 9:41am Dec 12, 2017 9:41am
PASR

Quoting BeyondTheSea
{quote} Skin in the game cash after tax and national insurance thanks to HMRC. ...
Good but make sure you are using micro positions until you get more experience especially in dealing with the Little People.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,280
  • Dec 12, 2017 9:46am Dec 12, 2017 9:46am
PASR

Quoting Bluesky8635
{quote} Hi, dear Strat My question is: when we trade BASIC PASR? Is there any condition to trade BASIC PASR? sorry, I am a newbie, still learning hard. I just see AUDCAD chart. {image} {image} My plan as BASIC PASR TRADE is: 1- BEEB last day bar, open #1 order at market price 2- [email protected] 3- [email protected] 4- Risk=1% The risk of this trade is: Overall Trend is DOWN, and my trade is counter with the direction of BOSS. Best Regards Thanks
You are posting on the wrong thread. We use PASR for our trading, not indicators. This shows you have not read from Post #1 on both threads
15 YEARS OF PASR ON FOREX FACTORY!
2 traders viewing now