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MY PASR journey Based on Strat's PASR Trading 76 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

Quoting strat
{quote} Very good, huatzhi. (1) Premature entry in my opinion after I look back. We are not looking for the "perfect" entry - just get in on the trend! Remember, our Stop Loss relative to our Reward, is very small on M5 and even smaller on M1. (4) Closed below SR with BEOB confirming the price going down. (Had a sigh of relieve) Keep your emotions (sigh of relief) out of your trading - have faith, belief and confidence in YOU and PASR (5) Way too tired to continue watching, so decide to close when SR hit. Excellent! Always GET OUT when you can't...
Thanks Strat. Today I did some work avoiding these issues. More practices needed.

Quoting Rub
Thanks bistolis, strat, and hautzhi for the feedback. Looking back at it now it's pretty clear I should've taken profit on my second trade at the resistance or looked for another pair. {quote} All these are more or less how I see myself trading it, but the little people get to have a say too. 5min chart I see (3) as the really stand out obvious entry, and likely the one I would take, (4) would be a good add on trade. Nothing wrong with taking your profit at (5) either. 1min chart 1 (1) I would've given a miss too (2) I would have taken and got out...
Thanks Rub. Agree with most of the thing, but this

(3) Not a clear entry for me, more a hesitation at the strat shadow, but definitely take profit at (4)

IMO it is often a contraction to the Strat Shadow, creating another breakout.
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This happen a lot in trending Strat Shadow. Until price prove me wrong (actually stop going down by going up), as long as I let my trade breath I think it should be fine. (though I think I did went abit too far today, which I will post later)
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15 YEARS OF PASR ON FOREX FACTORY!
That's me all done and dusted on M1, M5 and M15 for today - not bad for 40 minutes on the old one eyed monster!

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15 YEARS OF PASR ON FOREX FACTORY!
5m GBPJPY

It has been a long time since I have posted here, for this I am sorry. Life tends to get in the way sometimes.

Took some profit off at a support level.

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Illegitimi non carborundum - Noli pati a scelestis opprimi.
Quoting Rufus
5m GBPJPY It has been a long time since I have posted here, for this I am sorry. Life tends to get in the way sometimes. Took some profit off at a support level. {image}
Well done, John - good to see another West Coaster finally getting some of the action. Keep it up.
15 YEARS OF PASR ON FOREX FACTORY!
M5 GBPUSD

Little still running.

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Illegitimi non carborundum - Noli pati a scelestis opprimi.
M5 GBPNZD


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Quoting strat
{quote} Well done, John - good to see another West Coaster finally getting some of the action. Keep it up.
Thank you Strat.

You gave me a new perspective of the market...a profitable one.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
5min Bootcamp

EURNZD
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(A0) It was a good enough BEOB entry for me, but I decided to wait until it close below Strat Shadow.
(A1) Entry, happy with simple obvious entry.
(A2) BEEB entry
(A3) Tempted to entry, but remembered that there could be pull back later.
(A4) That one candle that I have my mind call me to both long and short it, leave it anyway.
(A5) & (A6) Retest Strat Shadow and close below, entry (may have went abit too far?)
(A7) Starting to get a bit tired, ready to leave the trade after next leg down, so I am not entering
(A8) Notice some unnatural quick bouncing of the chart, so I went to check the forexfactory news, I totally don't know it is coming. It seems to moving against my position, so I exited without waiting candle close.


CADJPY
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(B0) Good enough entry for me, but waiting price to close below Strat Shadow anyway.
(B1) Entry.
(B2) Decide to close it because I had another 2 charts running, its getting a little bit overwhelming for now.

Definitely feel the missed out.


NZDCAD
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(C1) Decent entry after the pull back IMO.
(C2) Price show sign to going up.
(C3) BUEB entry
(C4) & (C5) Getting a bit tired decide to close the trade abit after next swing up, so I din't entry.
(C6) Accidental news trade, end up well. Saw the price losses some momentum so I decide to exit for rest.


Gotta get myself some sleep. Comments welcome.
Well all, I'm going to head out for the job site. I have been snowed in for 3 days, out of power and internet for 1 1/2, at least the risk was not worth the reward for a trip to town or job.

Been spending a lot of time studying me. I occasionally find myself thinking "If I can only trade like Strat....Or whoever" But honestly, I will never trade "Like Strat". I am not Strat.


Sometimes an honest deep dive into your brain cell, psychology, is in order. Beating myself up with "what ifs" or "could haves" is unproductive. If I can't keep my mind clear of the worthless clutter, I surly can't see the chart without bias.

Wish I could write more. Need to hit the day.

Thanks again Strat.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
Quoting huatzhi
5min Bootcamp EURNZD {image} (A0) It was a good enough BEOB entry for me, but I decided to wait until it close below Strat Shadow. (A1) Entry, happy with simple obvious entry. (A2) BEEB entry (A3) Tempted to entry, but remembered that there could be pull back later. (A4) That one candle that I have my mind call me to both long and short it, leave it anyway. (A5) & (A6) Retest Strat Shadow and close below, entry (may have went abit too far?) (A7) Starting to get a bit tired, ready to leave the trade after next leg down, so I am not entering (A8)...
5min Bootcamp EURNZD

(A0) It was a good enough BEOB entry for me, but I decided to wait until it close below Strat Shadow.

What is the most important PRICE in PASR?

(A3) Tempted to entry, but remembered that there could be pull back later.

There WILL always be a ""pull back later"" - TRADE WHAT YOU SEE NOW- not what you ""think"" will happen later

(A4) That one candle that I have my mind call me to both long and short it, leave it anyway.

Study and UNDERSTAND that candle well - where is it in the trend and where is it relative to the Strat Shadow?

(A5) & (A6) Retest Strat Shadow and close below, entry (may have went a bit too far?)

How do you know? YOU DO NOT HAVE ANY SR LEVELS ON YOUR CHARTS?

(A7) Starting to get a bit tired, ready to leave the trade after next leg down, so I am not entering

GET OUT as soon as you feel yourself LOSING FOCUS

(A8) Notice some unnatural quick bouncing of the chart, so I went to check the forexfactory news, I totally don't know it is coming. It seems to moving against my position, so I exited without waiting candle close.

WHAT??????? You should NEVER trade short time frames without FIRST checking on upcoming news events. This should be the FIRST thing you should do BEFORE opening your charts!

You should NEVER trade short time frames without FIRST checking on upcoming news events. This should be the FIRST thing you should do BEFORE opening your charts!

Notice some unnatural quick bouncing of the chart, It seems to moving against my position, so I exited without waiting candle close.

At least you recognised this and ACTED on it!

CADJPY & NZDCAD

All good EXCEPT do not do this on more than one pair UNTIL you KNOW you are CONSISTENT. Trading several pairs on M1 and M5 can be very stressful. Stress will cause you to make mistakes and LOSE. I can trade several pairs because I have a little more experience than you but there are times when I cannnot trade even one pair.

While you did good, huatzhi, you have made some fundamental PASR mistakes which you must change:

YOU DO NOT HAVE ANY SR LEVELS ON YOUR CHARTS

This is like driving with your eyes CLOSED. The FIRST thing you should do on opening your chart is identify and enter your SR levels so that you can SEE where PRICE is ""likely"" to go.

NEVER trade short time frames without FIRST checking on upcoming news events. This should be the FIRST thing you should do BEFORE opening your charts!

NEVER trade short time frames without FIRST checking on upcoming news events. This should be the FIRST thing you should do BEFORE opening your charts!
15 YEARS OF PASR ON FOREX FACTORY!
VALENTINE'S DAY GIFTS

Even my one legged, blind, deaf and dumb, old man hanging from the Golden Gate bridge with one arm would have made big $ today across all 3 sessions - London, New York and West Coast!

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15 YEARS OF PASR ON FOREX FACTORY!
Quoting strat
VALENTINE'S DAY GIFTS Even my one legged, blind, deaf and dumb, old man hanging from the Golden Gate bridge with one arm would have made big $ today across all 3 sessions - London, New York and West Coast! {image} {image} {image} {image} {image}
Remember the M1 Strat? (the motorway not the chart!) That's where I'm normally living whilst this is going on day after day...

USDCAD (West Coast Time for me today!)

Sore thumb..

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5 Min

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And I'm out..
Private Msgs are turned off to weirdos, loafs and brain drainers
Quoting BeyondTheSea
{quote} Remember the M1 Strat? (the motorway not the chart!) That's where I'm normally living whilst this is going on day after day... USDCAD (West Coast Time for me today!) Sore thumb.. {image} 5 Min {image} And I'm out..
Remember the M1 Strat? (the motorway not the chart!)

Yes, Nathan, almost as bad as the traffic here in South Orange County, California!

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Great USDCAD trade!
15 YEARS OF PASR ON FOREX FACTORY!
Quoting strat
{quote} 5min Bootcamp EURNZD (A0) It was a good enough BEOB entry for me, but I decided to wait until it close below Strat Shadow. What is the most important PRICE in PASR? (A3) Tempted to entry, but remembered that there could be pull back later. There WILL always be a ""pull back later"" - TRADE WHAT YOU SEE NOW- not what you ""think"" will happen later (A4) That one candle that I have my mind call me to both long and short it, leave it anyway. Study and UNDERSTAND that candle well - where is it in the trend and where is it relative to the Strat...
Hi Strat,
Great feedback and guidance as a mentor! Highly appreciated!
Stay Blessed Mate!
Sachu
Quoting strat
VALENTINE'S DAY GIFTS Even my one legged, blind, deaf and dumb, old man hanging from the Golden Gate bridge with one arm would have made big $ today across all 3 sessions - London, New York and West Coast! {image} {image} {image} {image} {image}
Hi Strat,
Do the vertical dotted lines on the chart in red, green and blue represent the opening of trading sessions? Is it London, East Coast and West Coast sessions?
Can you Please share or point me to the indicator you are using on the chart.
Have you traded the Asian Session?
Regards.
Sachu
Quoting Sachu
{quote} Hi Strat, Do the vertical dotted lines on the chart in red, green and blue represent the opening of trading sessions? Is it London, East Coast and West Coast sessions? Can you Please share or point me to the indicator you are using on the chart. Have you traded the Asian Session? Regards. Sachu
Yes. I just use them as reference points when I first open my charts.

Red is London Open

Green is New York Open

Blue is 6am West Coast my time.

Google "Market Open Lines" for indicators

No to the Asian Session - NO LIQUIDITY/VOLATILITY and I am done trading after 2 to 3 hours (9am West Coast). Then I just check my Daily charts after 2pm.
15 YEARS OF PASR ON FOREX FACTORY!
Quoting Sachu
{quote} Hi Strat, Do the vertical dotted lines on the chart in red, green and blue represent the opening of trading sessions? Is it London, East Coast and West Coast sessions? Can you Please share or point me to the indicator you are using on the chart. Have you traded the Asian Session? Regards. Sachu
You do not necessarily need an indicator to do that, Sachu. Just choose a red vertical line and drop it on the London open, then green on the US open when you start trading. The next day, you just can take the old lines and copy them per drag and drop + strg them to the new day. The advantage of doing this without an indicator is making you more aware of what is in the NOW. And it puts less pressure on your MT4 platform by saving it from running another indicator. The less indicators running in MT4, the more stable it is.

But of course, that is very individual. I prefer to do it manually for the mentioned reasons.

Quoting BeyondTheSea
{quote} Remember the M1 Strat? (the motorway not the chart!) That's where I'm normally living whilst this is going on day after day... USDCAD (West Coast Time for me today!) Sore thumb.. {image} 5 Min {image} And I'm out..
Respect, BTS! Very good trade on USDCAD, a pair which is usually a mess to trade for me, so I do not touch it.
Fix up, trade sharp ...
Quoting strat
VALENTINE'S DAY GIFTS Even my one legged, blind, deaf and dumb, old man hanging from the Golden Gate bridge with one arm would have made big $ today across all 3 sessions - London, New York and West Coast! {image} {image} {image} {image} {image}

Hi Strat,

I have a question that bugging my mind . If you wouldn't mind me asking..

In your GBPJPY and GBPNZD charts the first and second entries were taken right after market open.Many times you advised here not to trade at least 1 hr after market open.
would you mind explaining why you marked that trades. I believe these are not your trades. However, there are other PRICE pull back to STRAT SHADOW trades that you didn't marked (pls see attached).
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Focus, Patience, Discipline, Determination and Perseverance
Quoting Suran
{quote} Hi Strat, I have a question that bugging my mind . If you wouldn't mind me asking.. In your GBPJPY and GBPNZD charts the first and second entries were taken right after market open.Many times you advised here not to trade at least 1 hr after market open. would you mind explaining why you marked that trades. I believe these are not your trades. However, there are other PRICE pull back to STRAT SHADOW trades that you didn't marked (pls see attached). {image}
Those charts were ONLY to show how easy and simple it was for PASR traders in London, New York and West Coast sessions to make money yesterday.

My trades are on Posts 10382 and 10383 (after 6am my time - West Coast).

And today we are back to normal with ALL the action (so far) being in London.
15 YEARS OF PASR ON FOREX FACTORY!
No time for trading before NY open - was a mess, but Price Action still not random.
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Fix up, trade sharp ...
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