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MY PASR journey Based on Strat's PASR Trading 75 replies

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

EURAUD M5 PASR Trend Trading:


1. 1st TP = 25pips.

2. 2nd TP = 50pips, but close it manually because of the support sighted very close to my TP, so close with 21.3pips.




Happy Trading,
Yomi.
Attached Image (click to enlarge)
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Be Dumb and Follow Price
GBPAUD M5 PASR Trend Trading:


1. 1st TP = 25pips.

2. 2nd TP = 50pips, but close it manually because of the support sighted very close to my TP, so close with 32.8pips.




Happy Trading,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM5.png Size: 33 KB
Be Dumb and Follow Price
Quoting BeeCee
{quote} Hi Strat, I had sought some clarifications from your last feedback. Looks like you missed this post or saved it for responding later. However, just thought I would make a mention for you to respond for me to learn better. Thanks Beecee
Hello bro,
Nice trade here. Well done.
Please I have sent you a private message.
Just to make sure I haven't misunderstood the concept of swing confirmation, was this a swing low confirmation on UJ H1?

Thanks
Attached Image (click to enlarge)
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Quoting darko2010
Just to make sure I haven't misunderstood the concept of swing confirmation, was this a swing low confirmation on UJ H1? Thanks
My option: yes correct, as the close of the confirmation candle is above the high of the swing low candle.
NZDUSD

Quoting trogger
{quote}{quote}{quote} Updating this trade for completeness. Third position off (last Thursday) at 73.10. Updated chart shows just one of my original long positions ,entered 30 November, along with entry set up for recent shorts ( couple of SS, position of second important wrt broken up-trend line, retracement back to upper wick of the first SS, followed by entry bar - of course, relative position of all of this wrt to HTF charts is key!!!): {image} Plan remains in play - I am neither a buyer nor a seller at these prices. Waiting to see which side...
Yet another example of how Wild Thing knows his local currencies better than anyone I know!
13 YEARS OF PASR ON FOREX FACTORY!
PASR

Quoting darko2010
{quote} Why do you have 2 supports traced from highs rather than close?
supports traced from highs

Supports traced from highs??!!??!!??

SUPPORTS TRACED FROM HIGHS??!!??!!??
13 YEARS OF PASR ON FOREX FACTORY!
GBPAUD M5 Trend Trading.

Quoting shad4u2
GBPAUD M5 Trend Trading. {image} Thank You. $
Very good but did you really do this with PASR or are you still using your indicators and EA junk?

How did you know to exit where you did? I don't see any support and resistance levels on your chart.

Which Emirate are you in?
13 YEARS OF PASR ON FOREX FACTORY!
Hi Strat,

Another analysis on GBP JPY. Looks like interesting times ahead.

Big Boss: Long term down trend and immediate uptrend. Big boys didn't show interest on this pair for the last few months. However, now they seem to be interested in pushing the price down. Significant monthly support 148.19 looks to be breaking. As usual, we need to wait for today's close(being end of the month close) for it to close below that. I am not predicting waiting and watching.

Boss: The supporting trend line that has been supporting since the beginning of the hammer on 2nd October, looks to be breaking. WCC also under threat. Again, we need to wait until end of this week to confirm anything. The last upper trend in the weekly charts didn't have much of momentum going up. Keeping a watch.

Worker: The last LL is at 146.927 which is a significant support even in the past. Price is close to the support. Breaking that support (only by a close of candle beyond that support) is significant for us to wait for PA and enter. Overall keeping a watch.

Now strat's feedback please.
Attached Images (click to enlarge)
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GBPNZD M5 FAIL

Quoting bistolis
GBPNZD fail hello Saw the below marked candle earlier and thought it might be a good entry. {image} So I marked down the price and thought to check for H1 SR afterwards, and saw price on top of S/R. Exited right away and price bounced back 30-40 pips as of writing this {image} Would it be a good entry to go long after first hour of london closes with that long wick on H1 on top of support?
First, thank you for posting your "failed" trade as it is from "failures" that WE learn the most.

I have duplicated your entry (blue arrow) on my trading chart - would you still have taken this trade if you were on my chart? The difference is you failed to identify the support and resistance level on H1 In fact I don't see any support and resistance levels on your chart.

The next is that you entered 6 candles late. PRICE had already dropped 20 pips, which, even though this is the most volatile pair, is a lot to "give away" on an M5 entry. You should have entered on the pull back marked by my "x".

thought to check for H1 SR afterwards

""afterwards????????" - We NEVER do anything ""afterwards""! Never trade any time frame without FIRST knowing where your support and resistance levels are!

Would it be a good entry to go long after first hour of London closes with that long wick on H1 on top of support?

There are 2 parts to this question:

Would it be a good entry to go long after first hour of London closes?

There are many traders who do not trade the opening hour of London and wait for PRICE to ""settle"" down. I can't help you with this as I have never traded London but hopefully others on here that do trade London will comment on this.

go long with that long wick on H1 on top of support?

Absolutely NOT! Do you know what that ""long wick"" is telling you?

Thanks again for posting your "failed" trade - make sure you UNDERSTAND and LEARN from it.

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13 YEARS OF PASR ON FOREX FACTORY!
EURAUD M5 PASR Trend Trading

Quoting fxrabbi
EURAUD M5 PASR Trend Trading: 1. 1st TP = 25pips. 2. 2nd TP = 50pips, but close it manually because of the support sighted very close to my TP, so close with 21.3pips. Happy Trading, Yomi. {image}
support sighted very close to my TP

But I don't see any support and resistance levels on your chart, Yomi.
13 YEARS OF PASR ON FOREX FACTORY!
PASR

Quoting oceanic
{quote} Hello bro, Nice trade here. Well done. Please I have sent you a private message.
There are no ""bros" on here - we are NOT Eitan and his band of "lost sheep" followers!

You have been thread hopping on FF since 2008 in search of the "magic system" to make you rich beyond your wildest dreams. You have as much chance of being profitable in trading as I have of joining the US Women's National Soccer team!

You obviously didn't read Post 2637 - READ IT AGAIN - it is SPECIALLY FOR YOU
13 YEARS OF PASR ON FOREX FACTORY!
Quoting strat
EURAUD M5 PASR Trend Trading {quote} support sighted very close to my TP But I don't see any support and resistance levels on your chart, Yomi.
I normally put them (S/R) on my charts, but sometimes it's underneath my charts, I need to zoom my chart before you can see them most times. I will be zooming my charts now before capturing my trades.

Thanks.
Be Dumb and Follow Price
Quoting strat
GBPJPY {quote} Now strat's feedback please. After you tell me what you replied to the loser who sent you a PM
:-) I didn't get a PM. As I told you, I have a lot of conviction in this process that I am going through. No one can distract me. Also, neither I have the time... I am at 20% of 1076 pages in your old thread. Long way to go strat!!!
Quoting strat
GBPNZD M5 FAIL {quote} First, thank you for posting your "failed" trade as it is from "failures" that WE learn the most. I have duplicated your entry (blue arrow) on my trading chart - would you still have taken this trade if you were on my chart? The difference is you failed to identify the support and resistance level on H1 In fact I don't see any support and resistance levels on your chart. The next is that you entered 6 candles late. PRICE had already dropped 20 pips, which, even though this is the most volatile pair, is a lot to "give away"...
thanks strat
I will study this for a while. I drew the line of support on the second chart, the first just is left empty just to show how it looked liked when I thought it would be a nice short

that long lower wick on the H1, I see it as price encountering support
Quoting fxrabbi
{quote} I normally put them (S/R) on my charts, but sometimes it's underneath my charts, I need to zoom my chart before you can see them most times. I will be zooming my charts now before capturing my trades. Thanks.
I will be zooming my charts now before capturing my trades.

No, no, Yomi, carry on as you are. As long as you have them there that is all that counts. I just wanted to make sure you were not trading ""blind""

By the way, your success must be making big waves in your country - there is a big increase of lurkers and posters from there on here!
13 YEARS OF PASR ON FOREX FACTORY!
Quoting bistolis
{quote} thanks strat I will study this for a while. I drew the line of support on the second chart, the first just is left empty just to show how it looked liked when I thought it would be a nice short that long lower wick on the H1, I see it as price encountering support
that long lower wick on the H1, I see it as price encountering support

I think I may have misunderstood the candle you are talking about. Please identify on a chart.
13 YEARS OF PASR ON FOREX FACTORY!
this one
Attached Image (click to enlarge)
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Quoting strat
{quote} I will be zooming my charts now before capturing my trades. No, no, Yomi, carry on as you are. As long as you have them there that is all that counts. I just wanted to make sure you were not trading ""blind"" By the way, your success must be making big waves in your country - there is a big increase of lurkers and posters from there on here!
Thanks again for your guidance.

The rate which I get PM's from my county Men, is on the rise now.
Be Dumb and Follow Price
Quoting strat
GBPAUD M5 Trend Trading. {quote} Very good but did you really do this with PASR or are you still using your indicators and EA junk? How did you know to exit where you did? I don't see any support and resistance levels on your chart. Which Emirate are you in?
Thank You Sir for your Guidelines.I am trying my best to trade with PASR and since I found this thread I am no more Indicator and EA lover. still reading re reading and learning The PATH. As far as exit I exit because of Support which is there but my chart was un squeezed that time so it was not shown in my M5 chart.
Which Emirate are you in?
None ! I am from that city where you were in 1996/97 and met with Merchant banker.(Trading is ban here thats why I mentioned Emirate sorry.
Here is my H1 chart which was marked at the time of trading.Please guide me if I am doing some thing wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-02-28_22-35-48 GBPAUD H1.png Size: 47 KB


Thank You.
$
Success is simple. Do what's right, the right way, at the right time.
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