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Strat's PASR Long Term, Stress Free Trading

  • #981
  • Nov 28, 2017 10:34am Nov 28, 2017 10:34am
Quoting strat
PASR {quote} 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 Saad 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...
On an M5 chart, does it really matter what MN1 is doing? Just asking, because I have posted charts without even thinking about the Weekly or Monthly candles. The time frame is just too small. Price action, like you said to your credit, is not new, is top down analysis really needed to make money at the M5 level?
If you are good at something, never do it for free--Joker
  • #982
  • Nov 28, 2017 10:48am Nov 28, 2017 10:48am
EURNZD M5

Quoting saad007
EURNZD Patience the most powerful warrior. {image}
Good, BUT why didn't you have the two BLUE SUPPORT lines I have on my chart on yours? Had you done so, you would have profited much more than the measly 4.2 pips on your 2nd position. Are you creating your road map FIRST, for each pair BEFORE you trade? If not, you are just TRADING BLIND

Patience is NOT the most powerful warrior - you need Focus, Patience, Discipline, Determination and Perseverance to be CONSISTENTLY PROFITABLE in trading.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #983
  • Nov 28, 2017 10:57am Nov 28, 2017 10:57am
M5

Quoting jmn5611
{quote} On an M5 chart, does it really matter what MN1 is doing? Just asking, because I have posted charts without even thinking about the Weekly or Monthly candles. The time frame is just too small. Price action, like you said to your credit, is not new, is top down analysis really needed to make money at the M5 level?
No, as I have posted many times, the Boss and Big Boss are too far out for daily M5 trading BUT their nearest support and resistance levels should ALWAYS be either known or shown on the chart because ""occasionally"", news events will cause PRICE to go on a LONG run way past H1, H4 and Worker levels.
15 YEARS OF PASR ON FOREX FACTORY!
  • #984
  • Nov 28, 2017 11:02am Nov 28, 2017 11:02am
GBPNZD

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...
The idiots, newbies, rookies and wannabees on public trading forums who think Forex is EASY money (and provide you and me with our PROFITS)!
15 YEARS OF PASR ON FOREX FACTORY!
  • #985
  • Nov 28, 2017 11:03am Nov 28, 2017 11:03am
Quoting strat
M5 {quote} No, as I have posted many times, the Boss and Big Boss are too far out for daily M5 trading BUT their nearest support and resistance levels should ALWAYS be either known or shown on the chart because ""occasionally"", news events will cause PRICE to go on a LONG run way past H1, H4 and Worker levels.
Thanks strat. I deeply respect your efforts here, which is why I only post charts that look exactly like yours on this thread. It is my showing of respect. I do it for all traders who run threads that are really trying to share. You will do a lot of newbies good if they just follow your work. Regards.
If you are good at something, never do it for free--Joker
  • #986
  • Nov 28, 2017 11:08am Nov 28, 2017 11:08am
Quoting saad007
{quote} Thank you very much. I have to develop more on a winning mindset. I need more on Trading Psychology.
You also need a MORE POSITIVE quote/signature!

""The only time I really ever lost money was when I broke my own rules""

If you UNDERSTAND psychology of the mind, you will be surprised HOW something like this affects EVERYTHING you do and more so with trading
15 YEARS OF PASR ON FOREX FACTORY!
  • #987
  • Edited 1:45pm Nov 28, 2017 11:12am | Edited 1:45pm
Quoting BeyondTheSea
{quote} Can't beat a bit of Bobby now and again.. Thank you for the answer, trying to absorb piece by piece!
A bit of Bobby Bliss is more my style!
15 YEARS OF PASR ON FOREX FACTORY!
  • #988
  • Nov 28, 2017 11:43am Nov 28, 2017 11:43am
Quoting strat
{quote} A bit of Bobby Bliss is more style!
Ha! Might NOT upload a video of that Bobby in here. Ahem...!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #989
  • Nov 28, 2017 11:51am Nov 28, 2017 11:51am
Quoting strat
PASR {quote} 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...
I've not even got to trading the 5 min method yet and won't until I have a better understanding of it all.
However it does interest me and would be something I would like to trade whilst the Big Boss trades are doing their thing. More of the right tools in the right box at the right time can't be a bad thing?
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #990
  • Nov 28, 2017 12:22pm Nov 28, 2017 12:22pm
PASR

Quoting Corinna
{quote} Swiftman, I've got it. Thank you very much.
Corinna, so far, all you have done on here is TALK - when are you going to show us what you have got and post charts?
15 YEARS OF PASR ON FOREX FACTORY!
  • #991
  • Edited 12:43pm Nov 28, 2017 12:24pm | Edited 12:43pm
Quoting strat
EURNZD M5 {quote} Good, BUT why didn't you have the two BLUE SUPPORT lines I have on my chart on yours? Had you done so, you would have profited much more than the measly 4.2 pips on your 2nd position. Are you creating your road map FIRST, for each pair BEFORE you trade? If not, you are just TRADING BLIND Patience is NOT the most powerful warrior - you need Focus, Patience, Discipline, Determination and Perseverance to be CONSISTENTLY PROFITABLE in trading. {image}
I am making a trading plan of Open position,Stop loss and Profit taking strategy before entering the market.
Unfortunately missed upper BLUE support line.I could have been profited much.
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  • #992
  • Nov 28, 2017 12:26pm Nov 28, 2017 12:26pm
PASR

Monsieur Lom, you are here but not posting - WHY?

Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #993
  • Nov 28, 2017 12:36pm Nov 28, 2017 12:36pm
Quoting strat
{quote} You also need a MORE POSITIVE quote/signature! ""The only time I really ever lost money was when I broke my own rules"" If you UNDERSTAND psychology of the mind, you will be surprised HOW something like this affects EVERYTHING you do and more so with trading
Yes.I have experienced it.
SO Changed it.
  • #994
  • Nov 28, 2017 12:40pm Nov 28, 2017 12:40pm
Quoting strat
PASR {quote} 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...
  • #995
  • Nov 28, 2017 12:45pm Nov 28, 2017 12:45pm
Currently in CADJPY. Took half off at +50 because the little men started nagging me...
Maybe there will be a pull back around 86.35 and I'll add that half position back. Ignore the little men, ignore the little men, ignore the little men.... think I'm losing it
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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #996
  • Edited 1:30pm Nov 28, 2017 12:59pm | Edited 1:30pm
CADJPY

Quoting BeyondTheSea
Currently in CADJPY. Took half off at +50 because the little men started nagging me... Maybe there will be a pull back around 86.35 and I'll add that half position back. Ignore the little men, ignore the little men, ignore the little men.... think I'm losing it {image}
Good lad! PRICE is approaching the WOBBLE area anyway.

You can't ignore the Little People - you have to LEARN how to DEAL with them

Do you always trade in the dark? - see how bright and "HAPPY" my charts are compared to your miserable charts (it DOES make a difference to performance and results)

BUT, good job anyway!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #997
  • Nov 28, 2017 1:26pm Nov 28, 2017 1:26pm
Quoting strat
CADJPY {quote} Good lad! PRICE is approaching the WOBBLE area anyway. You can't ignore the Little People - you have to LEARN how to DEAL with them Do you always trade in the dark? - see how bright and "HAPPY" my charts are compared to your miserable charts (it DOES make a difference to performance and results) BUT, good job anyway! {image}
Also took my 1st position off this at +74 and leaving the rest to run (hopefully)..
I need to deal with the Little People after trading a long term pivot based system that did well for me until, err.... it DIDN'T. And lost 2 years worth of account building.
"Do you always trade in the dark?" weird that I've just realised I do. I need to get out more!!
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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #998
  • Edited 1:43pm Nov 28, 2017 1:27pm | Edited 1:43pm
CADJPY

Crystal ball gazing

From an Elliott Wave Theory perspective, it is possible that the abc Corrective Wave 4 is in but, to be sure, we need PRICE to CLOSE below the blue lines.

A CLOSE below the blue lines is our SIGNAL to load up on SHORTS with an intermediate target of ""b"".

When PRICE closes below "b", our next target is the FIRST Impulse Wave 5 target at around BRN 72

Of course, this is ONLY valid if Elliott Wave theory is TRUE and "if" my analysis is correct!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #999
  • Nov 28, 2017 1:30pm Nov 28, 2017 1:30pm
Quoting BeyondTheSea
{quote} Also took my 1st position off this at +74 and leaving the rest to run (hopefully).. I need to deal with the Little People after trading a long term pivot based system that did well for me until, err.... it DID'NT. And lost 2 years worth of account building. "Do you always trade in the dark?" weird that I've just realised I do. I need to get out more!! {image}
Try some Bobby Bliss - she will help!
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,000
  • Edited 1:46pm Nov 28, 2017 1:34pm | Edited 1:46pm
#1 RULE IN TRADING

Quoting BeyondTheSea
{quote} Also took my 1st position off this at +74 and leaving the rest to run (hopefully).. I need to deal with the Little People after trading a long term pivot based system that did well for me until, err.... it DIDN'T. And lost 2 years worth of account building. "Do you always trade in the dark?" weird that I've just realised I do. I need to get out more!! {image}
To be CONSISTENTLY PROFITABLE in trading you MUST follow the #1 RULE - CAPITAL PRESERVATION
15 YEARS OF PASR ON FOREX FACTORY!
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