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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

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Today was a good day and I performed so poorly. BUT I didnt lose any money since I doubted all of my usual entries. On the bright side emotions were accepted as they reared their ugly head and then set aside and not acted upon. Which means I had 0 mistakes.
Now with the benefit of hindsight I will show what I spotted but didnt enter a trade
1.
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2.
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3.
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Please comment on the above. And point out if you spot something
Now time to eat some icecream and wait for the FED to utter their words of wisdom
Quiz
lets see who can answer correctly..

are you bullish or bearish ? and why?

Hint..there is a massive buOB at the right hand edge..
and the yellow dotted line is big big round number (in case you wondering )

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Focus, Patience, Discipline, Determination and Perseverance
Quoting Suran
Quiz lets see who can answer correctly.. are you bullish or bearish ? and why? Hint..there is a massive buOB at the right hand edge.. and the yellow dotted line is big big round number (in case you wondering ) {image}
neither bullish or bearish. lacking any context of higher frames and no clear trend. I pass

EDIT : actually I would be more inclined to short , but not at that spot and 100% not buying
Quoting bistolis
{quote} neither bullish or bearish. lacking any context of higher frames and no clear trend. I pass EDIT : actually I would be more inclined to short , but not at that spot and 100% not buying
Ok....

But why you inclined to short ? and where you might look for shorts?



Just for the time being forget about higher time frames.. and you should be able to read some context with this chart..

I am just trying to show you guys some pointers about how to read the charts... may be you can add that to STRAT'S PASR.. if that helps your trading..
Focus, Patience, Discipline, Determination and Perseverance
Quoting Suran
{quote} Ok..good answer... But why you inclined to short ? and where you might look for shorts? Just for the time being forget about higher time frames.. and you should be able to read some context with this chart.. I am just trying to show you guys some pointers about how to read the charts... may be you can add that to STRATS PASR.. if that helps your trading..
I would expect some move like this or short the highs if it gets back there
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Quoting bistolis
{quote} I would expect some move like this or short the highs if it gets back there {image}

Okey... any body else? are you bullish or bearish? and where you might look for entries ?
Focus, Patience, Discipline, Determination and Perseverance
M2 RTY RUSSELL 2000 Small Caps

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NY may not be done as volume is still OK but I am done as I have better things to do today.

Today is a milestone for me - ¾ Century young! Who would have thought?

Roll on the next 25!
15 YEARS OF PASR ON FOREX FACTORY!
Quoting Suran
{quote} Okey... any body else? are you bullish or bearish? and where you might look for entries ?
I wouldn't do any trade either, too many SR's and rather than being insecure, I'd rather just watch
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Quoting bistolis
Today was a good day and I performed so poorly. BUT I didnt lose any money since I doubted all of my usual entries. On the bright side emotions were accepted as they reared their ugly head and then set aside and not acted upon. Which means I had 0 mistakes. Now with the benefit of hindsight I will show what I spotted but didnt enter a trade 1. {image} 2.{image} 3.{image} Please comment on the above. And point out if you spot something
if by absurdity I hadn't checked on m5/m15 that there was a support there, I would have taken that setup most likely
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Quoting Strat
M2 RTY RUSSELL 2000 Small Caps {image} NY may not be done as volume is still OK but I am done as I have better things to do today. Today is a milestone for me - ¾ Century young! Who would have thought? Roll on the next 25!
3/4 century , cracked me up
happy birthday
Change of behavior
here look at the last 3 swings... I think you might already know this.. what happened to the angle of the swings ? the angle reduced. The last swing grinding up very slow... that happens when the Market makers see the fundamentals are in favour for bear market

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Now see this chart... see the toxic sell came after the last swing..
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this last supported PRICE broken now right? (with a toxic sell) ..this price range is what we call change of behavior ....
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lets analyze the toxic sell ...just to see what happened ...

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this bulge happened due to bull and bear battle... so its clear that the bear won the battle...

This level is what we call (you can use any other wording if you want) Change of behaviour (COB) level...
its important to see price break the level with vigor and spend time below the level

Next time when PRICE approach this level you should pay attention... that doesn't mean you sell it there..
watch for PASR....
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see volume...
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So what if the PRICE didnt react to that level.(NO PASR).. what is the next level we should watch for PASR?
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To the people who do not know how to apply the volume profile... then its safe to assume the middle price of the range to be the level (most of the times) to watch here


if none of these levels worked then you should be careful with the trade..cos the fundamentals might have been changed..


something for you guys to think... little bit different stuff... if you think its useless for your trading. Then throw it to the bin... if not then go through some charts. and see .its happening again and again.. cos thats where the big boys might enter the market

There are some other fundamental indicators we using to support the decision making process here...but that's out of the scope of this thread..

hope this helps
Focus, Patience, Discipline, Determination and Perseverance
Quoting Strat
M2 RTY RUSSELL 2000 Small Caps {image} NY may not be done as volume is still OK but I am done as I have better things to do today. Today is a milestone for me - ¾ Century young! Who would have thought? Roll on the next 25!
happy birthday, our master
another example

same instrument ..same day..
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Focus, Patience, Discipline, Determination and Perseverance
Quoting Suran
another example same instrument ..same day.. {image}
That is interesting and thanks for showing us your perspective. For me personally it is not something I will use. If anything, I want to REDUCE things from my charts not add more or different things. Price action though is price action, and no matter what you use it will boil down to candles and SR
Quoting bistolis
{quote} That is interesting and thanks for showing us your perspective. For me personally it is not something I will use. If anything, I want to REDUCE things from my charts not add more or different things. Price action though is price action, and no matter what you use it will boil down to candles and SR
very good... what works for you..stick to it..


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Focus, Patience, Discipline, Determination and Perseverance
Quoting Suran
{quote} very good... what works for you..stick to it.. {image}
hey suran, why did you took that trade? if you don't mind,i want to know your rationality.
Quoting DexterzxD
{quote} hey suran, why did you took that trade? if you don't mind,i want to know your rationality.
My guess is that there is support at the bottom. I find it a very aggressive entry , but worked out pretty good.

I can see on previous screenshot CLNxx something or other at the right side. Is this crude oil futures?
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bistolis