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Strat's PASR Long Term, Stress Free Trading

  • #481
  • Nov 2, 2017 10:47am Nov 2, 2017 10:47am
Quoting strat
Volume {quote} Why have you got Volume on your chart? What good does it do for you? What does it tell you?
Had been doing some reading up recently on hammers and shooting stars and there was a point made that there may be an increase in volume from previous day when hammer is formed.
Now that you brought it up,this was in relation to stocks as I know forex volume is not accurate.

Point taken
Thanks
  • #482
  • Edited 11:07am Nov 2, 2017 10:55am | Edited 11:07am
Quoting strat
GBPNZD M5 {quote} Here is the way I do it - REMEMBER I am in California on PST so I don't get to my charts until around 6 - 6:15am so it is less volatile (and less pips) for me. If I was trading London open, WAIT for PRICE to CLOSE below the Strat Shadow and support and enter where shown. My Stop Loss would be the 200 ema and I would get stopped out - NO BIG DEAL! I would then sell again on a pull back to the Strat Shadow with some form of PRICE ACTION - a doji shooting star in this case. Exit is YOUR choice {image}
Yes, i miss London session too. Ok now thinking about ur 200ema SL. How you decide to put in SL in that trade and not above of the swing high? Yes i know EMA 200 is above of swing high, but is the same thing thinking in D1 Trades? The SL is in EMA200?

Edit: Let me upload an example of today in next post.
  • #483
  • Nov 2, 2017 11:31am Nov 2, 2017 11:31am
Quoting strat
GBPNZD M5 {quote} Here is the way I do it - REMEMBER I am in California on PST so I don't get to my charts until around 6 - 6:15am so it is less volatile (and less pips) for me. If I was trading London open, WAIT for PRICE to CLOSE below the Strat Shadow and support and enter where shown. My Stop Loss would be the 200 ema and I would get stopped out - NO BIG DEAL! I would then sell again on a pull back to the Strat Shadow with some form of PRICE ACTION - a doji shooting star in this case. Exit is YOUR choice {image}

240m

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60m

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15m

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5m

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The Magenta Vertical Line is the open NY Session. The Blue Horizontal Lines is the Support and Resistance of H4 and H1.

240m 60m and 15m has the Shadow for the Up. The session start at the top, bellow of the resistance. Too much risk if PA didnt close above of resistance. Then the Price start falling hard, break one support, and the next support price go bellow of it but close above of it. Buyers are coming. Next 2 candles stay inside of the Candle that i marked with blue horizontal lines, and then break it for going up.

For buying again with the overall trend (240m 60m 15m shadow trend) i write 1) 2) 3). Where should i buy? or just dont buy because the ranging of the market?
  • #484
  • Nov 2, 2017 11:46am Nov 2, 2017 11:46am
GBPNZD M5

Quoting HappyTrend
{quote} Yes, i miss London session too. Ok now thinking about ur 200ema SL. How you decide to put in SL in that trade and not above of the swing high? Yes i know EMA 200 is above of swing high, but is the same thing thinking in D1 Trades? The SL is in EMA200? Edit: Let me upload an example of today in next post.
Many times the 200 ema acts as a ceiling especially on the shorter time frames. If it did not, I would use the swing high.

You obviously don't understand the Power of Time Frames if you are asking about moving averages on different time frames
15 YEARS OF PASR ON FOREX FACTORY!
  • #485
  • Nov 2, 2017 11:50am Nov 2, 2017 11:50am
Volume

Quoting Mick1706
{quote} Had been doing some reading up recently on hammers and shooting stars and there was a point made that there may be an increase in volume from previous day when hammer is formed. Now that you brought it up,this was in relation to stocks as I know forex volume is not accurate. Point taken Thanks
Volume was very valuable for me when I traded stocks, commodities and futures but for forex it is absolutely WORTHLESS - I know, I tried my best to use it. The volume we get on our forex charts is ONLY the volume from our broker and NOT from world wide forex.
15 YEARS OF PASR ON FOREX FACTORY!
  • #486
  • Nov 2, 2017 12:21pm Nov 2, 2017 12:21pm
Quoting strat
GBPNZD M5 {quote} Many times the 200 ema acts as a ceiling especially on the shorter time frames. If it did not, I would use the swing high. You obviously don't understand the Power of Time Frames if you are asking about moving averages on different time frames

I understand that Higher TimeFrame Monthly (Big Boss is the daddy...) i mean is like a Tsunami... Then the W1 is the waves that is in front of the Tsunami with strong wave, and D1 is the Waves in front of W1. And etc.. etc...

I read a comment that u say understand the PASR u can trade any TF, the same way of D1 we can trade M5.

Im just asking those things for confirm what im understanding. I use to be 2 years a go one of those people without asking anything, just reading and trying to interpret the things... After i put my foot in the ground and start creating my plan, my pictures, studyng everyday after the session etc.. etc.. my mind has change and again... i register in here for only talk with you because i detect a lot of things in common. Sorry for asking those things but i prefer to ask.

M5 Chart Question: I draw 1, 2, 3 that i see. (With my knoweldge i entry in the 2, and close my trade with few points. But is like i use to trade, i want to understand more the PASR) Or all of 1, 2, 3 are invalid? Thank you.
  • #487
  • Nov 2, 2017 12:42pm Nov 2, 2017 12:42pm
M5

Quoting HappyTrend
{quote} I understand that Higher TimeFrame Monthly (Big Boss is the daddy...) i mean is like a Tsunami... Then the W1 is the waves that is in front of the Tsunami with strong wave, and D1 is the Waves in front of W1. And etc.. etc... I read a comment that u say understand the PASR u can trade any TF, the same way of D1 we can trade M5. Im just asking those things for confirm what im understanding. I use to be 2 years a go one of those people without asking anything, just reading and trying to interpret the things... After i put my foot in the ground...
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I don't know what this pair is but I would NOT trade it.

I don't trade M5 because I have to, or need to, or want to, I ONLY trade it if I SEE high probability of a profitable trade for me

As I have previously posted, I am looking for a trend established by London and continued by New York so that when I get to my charts around 6 - 6:15am PST, I can look for pull backs to the trend. I then trade the pull back in the direction of the established trend. I do NOT trade AGAINST the already established trend.

That is ALL I am interested in on the M5 time frame - NOTHING ELSE. No established trend - NO TRADE. You need to check out my M5 posts which I thought were obvious.

Because the financial Markets are FRACTAL, this same scenario happens on all time frames. The higher time frames require much more PATIENCE and DISCIPLINE to WAIT for the set up. This is one of the reasons why we have more basic PASR trades than trend PASR trades.
15 YEARS OF PASR ON FOREX FACTORY!
  • #488
  • Nov 2, 2017 1:16pm Nov 2, 2017 1:16pm
Quoting strat
M5 {quote} {image} I don't know what this pair is but I would NOT trade it. I don't trade M5 because I have to, or need to, or want to, I ONLY trade it if I SEE high probability of a profitable trade for me As I have previously posted, I am looking for a trend established by London and continued by New York so that when I get to my charts around 6 - 6:15am PST, I can look for pull backs to the trend. I then trade the pull back in the direction of the established trend. I do NOT trade AGAINST the already established trend. That is ALL I am interested...

Thank you, is US30.
  • #489
  • Nov 2, 2017 2:07pm Nov 2, 2017 2:07pm
Quoting strat
GBPNZD M5 {quote} Here is the way I do it - REMEMBER I am in California on PST so I don't get to my charts until around 6 - 6:15am so it is less volatile (and less pips) for me. If I was trading London open, WAIT for PRICE to CLOSE below the Strat Shadow and support and enter where shown. My Stop Loss would be the 200 ema and I would get stopped out - NO BIG DEAL! I would then sell again on a pull back to the Strat Shadow with some form of PRICE ACTION - a doji shooting star in this case. Exit is YOUR choice {image}
Just an observation on M5 trading, if I have this correct,all trades are taken away from 200 ema.
Thanks
  • #490
  • Nov 2, 2017 2:22pm Nov 2, 2017 2:22pm
Quoting strat
GBPNZD M5 My favourite pair {image}
Strat, what factors make this your favorite pair. Or were you simply referring to the particular chart.
  • #491
  • Nov 2, 2017 2:44pm Nov 2, 2017 2:44pm
Quoting Lou
{quote} Strat, what factors make this your favorite pair. Or were you simply referring to the particular chart.
Yes, i have a similar question.

Already u share to us your routine about ur Monthly W1 D1.

Can u share us a routine for the NY Session? I Read a comment of you, that for NY Session the GBPUSD was the currency that moves.

Or u start watching all the currencies (if u have time, can u write what exactly currencies do u trade please?), and watch the H4 H1 and if is trending, you go M15 M5, and if in london was trending, you start looking for trades?
  • #492
  • Nov 2, 2017 3:41pm Nov 2, 2017 3:41pm
Possible trade on EURUSD?

 

  1. Starting a downtrend on the BIG BOSS
  2. Solid downtrend on the BOSS
  3. Bounce off support at 1.1587
  4. Looking for entry candle on the D1 or break of support line around 1.1580
  5. SL: 1.1877 (Swing High on 10/12/2017)
  6. TP: 1.0986 (2 R/R) or Blue Weekly Support line 1.1285?

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  • #493
  • Nov 2, 2017 3:55pm Nov 2, 2017 3:55pm
M5

Quoting Mick1706
{quote} Just an observation on M5 trading, if I have this correct,all trades are taken away from 200 ema. Thanks
Don't know. If its there and I see it and think it can benefit me, I use it whichever way the trend tells me irrespective of the 200 ema.
15 YEARS OF PASR ON FOREX FACTORY!
  • #494
  • Nov 2, 2017 3:58pm Nov 2, 2017 3:58pm
GBPNZD

Quoting Lou
{quote} Strat, what factors make this your favorite pair. Or were you simply referring to the particular chart.
I have monitored volatility via ATR (10) for many years and GBPNZD has always been #1
15 YEARS OF PASR ON FOREX FACTORY!
  • #495
  • Nov 2, 2017 4:14pm Nov 2, 2017 4:14pm
Quoting HappyTrend
{quote} Yes, i have a similar question. Already u share to us your routine about ur Monthly W1 D1. Can u share us a routine for the NY Session? I Read a comment of you, that for NY Session the GBPUSD was the currency that moves. Or u start watching all the currencies (if u have time, can u write what exactly currencies do u trade please?), and watch the H4 H1 and if is trending, you go M15 M5, and if in london was trending, you start looking for trades?
for NY Session the GBPUSD was the currency that moves.

I think you are taking out of context one of my M5 GBPUSD charts.

GBP (British, London Exchange) and USD (American, New York Exchange) move in BOTH London and New York sessions BUT because London is the biggest forex exchange in the World with the highest volume, moves and volatility are "usually" bigger.

Can u share us a routine for the NY Session?

Sleep until 9am EST then check H1, H4 charts. If there is ACTION on either, look for London & New York trends on M5. The rest is as Post # 487 and others I have done on M5

what exactly currencies do u trade please?

I check out all the high volatility pairs and if nothing doing, go to my football (the game where you kick the BALL with the FOOT) websites
15 YEARS OF PASR ON FOREX FACTORY!
  • #496
  • Nov 2, 2017 4:20pm Nov 2, 2017 4:20pm
EURUSD

Quoting IrishTrader
Possible trade on EURUSD? Starting a downtrend on the BIG BOSS Solid downtrend on the BOSS Bounce off support at 1.1587 Looking for entry candle on the D1 or break of support line around 1.1580 SL: 1.1877 (Swing High on 10/12/2017) TP: 1.0986 (2 R/R) or Blue Weekly Support line 1.1285? {image} {image} {image}
Almost right 9 out 10

Sell on a CLOSE below support

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15 YEARS OF PASR ON FOREX FACTORY!
  • #497
  • Nov 2, 2017 8:16pm Nov 2, 2017 8:16pm
Hi Strat,

Could you please provide your template? Or the red and green indicator?
  • #498
  • Nov 3, 2017 7:53am Nov 3, 2017 7:53am
PASR

Quoting ihelfman
Hi Strat, Could you please provide your template? Or the red and green indicator?
From Post #1 on this thread:

I will help all those who are GENUINELY interested in trading for a living but will ignore all those looking for shortcuts or who will not READ and UNDERSTAND and PRACTICE the strategy.
15 YEARS OF PASR ON FOREX FACTORY!
  • #499
  • Nov 3, 2017 7:58am Nov 3, 2017 7:58am
AUDCAD

Post on October 13, 2017

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November 03, 2017

This what PASR traders WAITED for

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15 YEARS OF PASR ON FOREX FACTORY!
  • #500
  • Nov 3, 2017 9:18am Nov 3, 2017 9:18am
Quoting Joseph95
Sir, thank you very much for have stopped ignoring me, i appreciate that very much :-) I' ve understood the lesson
No, you have not!
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15 YEARS OF PASR ON FOREX FACTORY!
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