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M5 PASR Trend Trading Strat 95 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 trogger
{quote} Today's Lesson in History* {image} Now why would I have .7198 marked on that chart? Anybody? (I know! Luck? ESP? wishful thinking?... Nah, Nah and Nah!) So, what happened after that spike? {image} Retest and "Hog-Heaven" freefall for all you "5 minute" wonders - if you can be bothered with 30 whole pips! And all from the BIG BOSS No. You work it out! (It will save you from a world of pain.) * For you 5min traders, "History" means 1271232 (give or take) five minute intervals ago!
Trogger,
You have taught me a valuable lesson on history.
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The 0.7198 line marked is a strong resistance based on my D1 chart. As for the Big Boss chart, I still cannot identify the line properly. Need to study more.
M5

GBPNZD - Sell

The usual GBP shenanigans went on for a couple of hours during the ECB meeting, sat through it... There was also a lot going on in this area with three weekly bottoms (ahem) one a biggish WCC and a big number, so it was a good one to observe..

Because PA on M5 was a bit messy I was keeping a close eye on the other time frames and other GBP pairs for a nudge, I used my M15 for entry so thats why it may not be a clear entry on M5.
Also PA on 1 hour allowed me to relax through the dull range period....

M15 entry

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M5 exit at PASR

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I have another trade on EURNZD which I'm managing and that's probably it for the rest of the week due to work taking away screen time.

Jeez... I've gotta stick it to the man some day soon!
Private Msgs are turned off to weirdos, loafs and brain drainers
Also a pretty strong PA signal at the BB resistance.
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Hi Strat and other fellow traders,

I have a few questions:

1) As I was reading the thread it was emphasized that the higher time frames are easier to beat (require less precision in timing entries) - Will a switch to 1H/4H/D1 give me much better chances to be profitable in the long run?

2) I saw many posts about stealing pips in countertrends , I guess thats unprofitable since nobody posts these anymore?

3) How important is it if price is trapped inside the WCC when trading the M5?

4) Is this entry ok? I don't like that its so far away from the SS...
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Quoting Forex_Fox
Hi Strat and other fellow traders, I have a few questions: 1) As I was reading the thread it was emphasized that the higher time frames are easier to beat (require less precision in timing entries) - Will a switch to 1H/4H/D1 give me much better chances to be profitable in the long run? 2) I saw many posts about stealing pips in countertrends , I guess thats unprofitable since nobody posts these anymore? 3) How important is it if price is trapped inside the WCC when trading the M5? 4) Is this entry ok? I don't like that its so far away from the...
your entry is abit too late in my opinion. take a look at the post above yours for much better ones
Quoting TerryDawe
Also a pretty strong PA signal at the BB resistance. {image}
Terry I noticed that one last Friday night after the markets closed. But isn't that just a corrective swing forming? Looking back it's obvious anyone who works the smaller time frames made some easy profits, but for those who trade the daily is it not a situation to wait until price hits the ema's and gains fresh momentum for a new high?

please share your thoughts on this or how you have treated that SS at the WCC resistance.
M5

GBPJPY - Sell

Just a little cheeky one before I hit the road...

It's always interesting looking back at a chart and wondering why I couldn't trade it. I couldn't trade this one earlier because it felt like I was chasing it.

There are some obvious entries in hindsight but had I taken them at the time they would have been more like breakout trades which is what I am avoiding taking... unless it occurs with a PASR setup.

Might be back Friday..

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Private Msgs are turned off to weirdos, loafs and brain drainers
PASR

Quoting Forex_Fox
Hi Strat and other fellow traders, I have a few questions: 1) As I was reading the thread it was emphasized that the higher time frames are easier to beat (require less precision in timing entries) - Will a switch to 1H/4H/D1 give me much better chances to be profitable in the long run? 2) I saw many posts about stealing pips in countertrends , I guess thats unprofitable since nobody posts these anymore? 3) How important is it if price is trapped inside the WCC when trading the M5? 4) Is this entry ok? I don't like that its so far away from the...
it was emphasized that the higher time frames are easier to beat (require less precision in timing entries)

""Easier to beat"" - I don't understand

Will a switch to 1H/4H/D1 give me much better chances to be profitable in the long run?

I don't know. I don't know your trading circumstances or capabilities. This is why you have to experiment to find your ""own"" style of PASR

I saw many posts about stealing pips in countertrends , I guess thats unprofitable

Counter trend trading is only profitable for experienced traders and even then, is a losing strategy in the long run

How important is it if price is trapped inside the WCC when trading the M5?

Its only importance is to mark those levels on M5 in the event there is some extreme news which drives PRICE beyond its normal ATR range.

Is this entry ok? I don't like that its so far away from the SS...

No, it is way too late
14 YEARS OF PASR ON FOREX FACTORY!
PASR

Quoting trogger
{quote} Today's Lesson in History* {image} Now why would I have .7198 marked on that chart? Anybody? (I know! Luck? ESP? wishful thinking?... Nah, Nah and Nah!) So, what happened after that spike? {image} Retest and "Hog-Heaven" freefall for all you "5 minute" wonders - if you can be bothered with 30 whole pips! And all from the BIG BOSS No. You work it out! (It will save you from a world of pain.) * For you 5min traders, "History" means 1271232 (give or take) five minute intervals ago!
PASR has a name for this type of candle identified in the black box. I wonder if there are still some out there who know what it is?

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14 YEARS OF PASR ON FOREX FACTORY!
PASR M5

Quoting BeyondTheSea
M5 GBPNZD - Sell The usual GBP shenanigans went on for a couple of hours during the ECB meeting, sat through it... There was also a lot going on in this area with three weekly bottoms (ahem) one a biggish WCC and a big number, so it was a good one to observe.. Because PA on M5 was a bit messy I was keeping a close eye on the other time frames and other GBP pairs for a nudge, I used my M15 for entry so thats why it may not be a clear entry on M5. Also PA on 1 hour allowed me to relax through the dull range period.... M15 entry {image}...
I've gotta stick it to the man some day soon!

That is a long way off................yet. Stick at it, keep doing what you're doing and DO NOT BE DISTRACTED by others now that you have got your motor running.

Wild Thing wants to know why you are not trying to trade the longer time frames?
14 YEARS OF PASR ON FOREX FACTORY!
Quoting strat
PASR {quote} PASR has a name for this type of candle identified in the black box. I wonder if there are still some out there who know what it is? {image}
A Shooting Star?
EURJPY

Quoting Kohari
{quote} Terry I noticed that one last Friday night after the markets closed. But isn't that just a corrective swing forming? Looking back it's obvious anyone who works the smaller time frames made some easy profits, but for those who trade the daily is it not a situation to wait until price hits the ema's and gains fresh momentum for a new high? please share your thoughts on this or how you have treated that SS at the WCC resistance.
But isn't that just a corrective swing forming?

It is always possible BUT the Boss and Big Boss don't seem to think so
14 YEARS OF PASR ON FOREX FACTORY!
GBPJPY M5

Quoting BeyondTheSea
M5 GBPJPY - Sell Just a little cheeky one before I hit the road... It's always interesting looking back at a chart and wondering why I couldn't trade it. I couldn't trade this one earlier because it felt like I was chasing it. There are some obvious entries in hindsight but had I taken them at the time they would have been more like breakout trades which is what I am avoiding taking... unless it occurs with a PASR setup. Might be back Friday.. {image}
Not cheeky at all - that is the sign of a trader on top of his game!
14 YEARS OF PASR ON FOREX FACTORY!
PASR

Quoting Kohari
{quote} A Shooting Star?
No, its probably in the "old" thread
14 YEARS OF PASR ON FOREX FACTORY!
Quoting strat
PASR {quote} No, its probably in the "old" thread
Bond SS?
Private Msgs are turned off to weirdos, loafs and brain drainers
Quoting strat
PASR M5 {quote} I've gotta stick it to the man some day soon! That is a long way off................yet. Stick at it, keep doing what you're doing and DO NOT BE DISTRACTED by others now that you have got your motor running. Wild Thing wants to know why you are not trying to trade the longer time frames?
I've been making the most of some screen time which has allowed me to day trade. I think this has allowed me to sharpen up my level spotting quite quickly, so not a bad thing and hopefully will stand me in good stead for the longer term trades.

Also my circumstances may change soon where I'll have to drop 5 min trading and move up anyway(really hope not because I love it), so Trogger watch out you may have a new trading buddy!

But seriously I intend to get some trades under my belt and ideally get the best of both worlds.

Cheers!
Private Msgs are turned off to weirdos, loafs and brain drainers
PASR

Quoting BeyondTheSea
{quote} Bond SS?
Hell, no!
14 YEARS OF PASR ON FOREX FACTORY!
Quoting strat
PASR {quote} Hell, no!
You've got me, I've never seen a candle with a black box around it....
Is it before or after page 867?!!!
Private Msgs are turned off to weirdos, loafs and brain drainers
GBPJPY rocks

43+27pips
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