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Strat's PASR Long Term, Stress Free Trading

  • #961
  • Edited 5:23am Nov 28, 2017 4:02am | Edited 5:23am
Quoting trogger
{quote} Well, I refuse to stoop to 5 min charts. 15 minutes is the best I can bring myself to even look at: {image} Now, anyone who has read (and UNDERSTOOD!) my previous post on NZD/JPY may recall that I waited approx 4 months before collecting on my final entry short on this pair. (And, well worth waiting for it was too!) So, anyone silly enough to think I am now sitting here glued to the screen watching every tick, panicking on every retracement against my positions shown on a "1 minute" chart? ANYONE who followed why my TP on the last of my...

You're not alone, Trogger.

I have decided to trade this wonderful system off M15.

Only need to confirm from Strat, which time frames to check for S/R or levels. Presently, I checks H4, H1 & M30. Hope to hear from him on this.


Happy Trading,
Yomi.
Time always comes before price
  • #962
  • Edited 6:10am Nov 28, 2017 4:19am | Edited 6:10am
Quoting strat
NZDCAD M5 I don't trade this pair as it is 17th out of 28 on my Volatility list BUT it highlights my M5 trading strategy in a nutshell and to a "T". London traders would have got 70+ pips per position while New York traders would have got 50+ pips per position. Had I traded it at 6:30 am PST, I would have made 35 + pips per position {image}

So you like a spot of Volatility, huh?

Try this (but still no 5 minute charts for me!!):

Attached Image (click to enlarge)
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Now, lookey, lookey!

Apart from the "desired" volatility, we note that we have yet to CLOSE above the January 2017 high.
(We may yet, but we have not yet!)

We check the BOSS. It ain't down!

But, worker gave us a Bearish Engulfing bar on 22 November at this potentially important level.

Now we go to 4 hour. Green rectangle key. Price unable to go up at this point. Entry short at red arrow.

Attached Image (click to enlarge)
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"Ka-Ching" - 200 pips off 1 of 2 positions overnight. (The volatility on this pair is such that I could have taken 500 pips but as I don't normally trade this pair I am playing cautious. The fact that this isn't exactly with the long term trend is another reason to exercise considerable caution!).

And say! Not a five minute chart in sight!

(When will they ever learn?)
  • #963
  • Nov 28, 2017 4:46am Nov 28, 2017 4:46am
Quoting trogger
{quote} So you like a spot of Volatility, huh? .......................................... And say! And not a five minute chart in sight! (When will they ever learn?)
Ah...

Inserted Video
  • #964
  • Edited 5:18am Nov 28, 2017 4:51am | Edited 5:18am
USDCAD M15 +25.3pips.

Trade Ideas:
1. Strat's Shadow.
2. PASR.
3. Momentum.
4. Strength.




Happy trading,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 35 KB
Time always comes before price
  • #965
  • Nov 28, 2017 5:00am Nov 28, 2017 5:00am
Entries into a trend. This stuff works on every time frame.
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If you are good at something, never do it for free--Joker
  • #966
  • Nov 28, 2017 5:01am Nov 28, 2017 5:01am
Quoting fxrabbi
{quote} You're not alone, Trogger. I have decided to trade this wonderful system off M15. Only need to confirm from Strat, which time frames to check for S/R. Presently, I checks H4, H1 & M30. Hope to hear from him on this. Happy Trading, Yomi.

Well. That's one way of doing it I suppose.

Personally, I like the "Stress Free" part of "Strat's PASR Long Term, Stress Free Trading" so I will stick with Big Boss and Boss for my levels.

A lot of good stuff in the early pages of Strat's original thread on drawing levels. Well worth the time to study it.

Cheers.
  • #967
  • Nov 28, 2017 5:03am Nov 28, 2017 5:03am
Quoting fxrabbi
{quote} You're not alone, Trogger. I have decided to trade this wonderful system off M15. Only need to confirm from Strat, which time frames to check for S/R. Presently, I checks H4, H1 & M30. Hope to hear from him on this. Happy Trading, Yomi.
Thanks!

Inserted Video
  • #968
  • Nov 28, 2017 5:43am Nov 28, 2017 5:43am
Quoting strat
AUDUSD Time to start accumulation of LONGS, Wild Thing {image}

Oh Dang!

I've been busted for going early... again!

(Actually, I've only really been looking for longs on this pair for the last two years).

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  • #969
  • Nov 28, 2017 8:38am Nov 28, 2017 8:38am
hi

2 attempts today with some profits.

TP at daily range for GN
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and UC close to 127% of weekly fib extension ( I messed up with this and closed way too early )
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  • #970
  • Edited 11:13am Nov 28, 2017 9:50am | Edited 11:13am
PASR

Quoting trogger
{quote} Well, cashing in is ultimately what this game is all about. But who would be long at these levels? I was just sitting on the sofa, enjoying the fading light after a perfect summer day, waiting for the cash register to go "Ka-ching" on the second of my "revenge shorts". {image} But as STrat does like to say "Trading is boring" - and it is!- so I dozed off (Parliamentary Television running in the background doesn't help keep anyone awake neither!). Of course. on waking, I do have to check I wasn't dreaming: {image} Nope. There she goes. "Ka-Ching"....
Wild Thing, you make my heart sing! I really enjoyed your posts - MORE PLEASE!

That (trading M5 blindly without UNDERSTANDING PASR) is exactly what I think is going on too so I will refrain from posting anymore M5 charts ( but I will help Saad007 though as he has demonstrated UNDERSTANDING of PASR and at the rate he is going, will soon be able to buy the whole of Bangladesh!)

I know M5 trading is getting up your nose, it did mine too in the early days but for me it's paying for the daily bread while WAITING to cash the long term, STRESS FREE trades. An average of 375 pips per 5 day week with 1 standard lot is MORE than most earn from their regular job and more than 99% of the wannabees on public trading forums. When you consider I only spend a couple of hours each day on M5, it is a fantastic reward to effort ratio.

The other reason for posting M5 charts was to SHOW the POWER of PASR, the Strat Shadow and Time Frames on a REGULAR basis since it would take years to do the same thing with the Worker. Since the Markets are fractal, what happens on M1, M5 etc., happens on the Worker, Boss and Big Boss etc.

I tried M15 but it takes TOO MUCH screen time for me - a couple of hours is all I can take these days!
15 YEARS OF PASR ON FOREX FACTORY!
  • #971
  • Nov 28, 2017 9:51am Nov 28, 2017 9:51am
Today's possible trades
GBPAUD & USDCAD
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  • #972
  • Nov 28, 2017 9:54am Nov 28, 2017 9:54am
WILD THING

For those without humour and memories of 60s music, this is why I call Trogger, WILD THING

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15 YEARS OF PASR ON FOREX FACTORY!
  • #973
  • Nov 28, 2017 9:57am Nov 28, 2017 9:57am
PASR

Quoting Rioja
I had some of that too, target 61.8 fib and S/R. {image}
Forget about the Italian Ice Cream man (Fibonacci) and FOCUS on PASR for your targets and and you will be MUCH MORE PROFITABLE
15 YEARS OF PASR ON FOREX FACTORY!
  • #974
  • Nov 28, 2017 9:58am Nov 28, 2017 9:58am
EURNZD
Patience the most powerful warrior.
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  • #975
  • Nov 28, 2017 10:01am Nov 28, 2017 10:01am
[quote=trogger;10536176]
Quoting trogger
{quote} Ah... https://www.youtube.com/watch?v=2VgHFSxsl9Y
Roy Orbison's version was my favourite of this though!
15 YEARS OF PASR ON FOREX FACTORY!
  • #976
  • Nov 28, 2017 10:04am Nov 28, 2017 10:04am
M15

Quoting fxrabbi
{quote} You're not alone, Trogger. I have decided to trade this wonderful system off M15. Only need to confirm from Strat, which time frames to check for S/R or levels. Presently, I checks H4, H1 & M30. Hope to hear from him on this. Happy Trading, Yomi.
M30 is too close to M15 so use H1, H4 and the Worker but keeping one eye on the BOSS
15 YEARS OF PASR ON FOREX FACTORY!
  • #977
  • Nov 28, 2017 10:08am Nov 28, 2017 10:08am
USDTRY

Quoting trogger
{quote} So you like a spot of Volatility, huh? Try this (but still no 5 minute charts for me!!): {image} Now, lookey, lookey! Apart from the "desired" volatility, we note that we have yet to CLOSE above the January 2017 high. (We may yet, but we have not yet!) We check the BOSS. It ain't down! But, worker gave us a Bearish Engulfing bar on 22 November at this potentially important level. Now we go to 4 hour. Green rectangle key. Price unable to go up at this point. Entry short at red arrow. {image} {image} "Ka-Ching" - 200 pips off 1 of 2 positions...
Bloody hell, Wild Thing - Turkey?

The only exotic I traded was MXN - Mexican Peso, and I didn't like that! I have more than I can handle with what I have already thank you so I will leave all these fancy exotics to you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #978
  • Nov 28, 2017 10:12am Nov 28, 2017 10:12am
Quoting trogger
{quote} Ah... https://www.youtube.com/watch?v=cDZ8BN0ZfvU
Joan Baez eh? After I disbanded my group in the late 60s, I took up folk songs where Dylan and Joan Baez were what I listened to and then played. My favourite version was by The Kingston Trio
15 YEARS OF PASR ON FOREX FACTORY!
  • #979
  • Nov 28, 2017 10:15am Nov 28, 2017 10:15am
Quoting fxrabbi
USDCAD M15 +25.3pips. Trade Ideas: 1. Strat's Shadow. 2. PASR. 3. Momentum. 4. Strength. Happy trading, Yomi. {image}
You will NEVER be a CONSISTENTLY PROFITABLE trader with ""IDEAS" - You NEED a solid strategy with an edge - YOU have that on here, PASR, why not READ, LEARN and UNDERSTAND it?
15 YEARS OF PASR ON FOREX FACTORY!
  • #980
  • Edited 11:15am Nov 28, 2017 10:18am | Edited 11:15am
Quoting trogger
{quote} Thanks! https://www.youtube.com/watch?v=OV5_LQArLa0
Wow, Wild Thing, I didn't know you were a born again Scouser!

The ONLY thing better than this is THE KOP singing it at Anfield
15 YEARS OF PASR ON FOREX FACTORY!
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