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Strat's PASR Long Term, Stress Free Trading

  • #1,301
  • Dec 12, 2017 12:48pm Dec 12, 2017 12:48pm
Quoting macuba
Also i would to ask for any help in tweaking the strat shadow so it will fill the gap with color (red or green) between the price bars and the SMAs !!! }
in the indicator inputs,change the first inputs to 1,1,0.
also i'm pretty sure the ma's are ema, not sma.
  • #1,302
  • Dec 12, 2017 12:50pm Dec 12, 2017 12:50pm
USDJPY

Quoting longtrader
{quote} usdjpy late entry my idea... daily and weekly bullish {image}
Had you FOCUSED on ONE METHOD and READ, LEARNED and UNDERSTOOD PASR, then APPLIED it, you would have entered on the GREEN arrow and ALREADY be 165 pips IN PROFIT!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #1,303
  • Dec 12, 2017 1:01pm Dec 12, 2017 1:01pm
PASR

Quoting BeyondTheSea
Yep! Looking in mirror now... It's not going to happen overnight but I'll get there. And yes I think I do have tea problem...
but I'll get there

You might be battered and bruised BUT we WILL get you there!

For now, maybe get something stronger than tea and watch my home town play Chelsea.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,304
  • Dec 12, 2017 1:10pm Dec 12, 2017 1:10pm
Quoting strat
PASR {quote} but I'll get there You might be battered and bruised BUT we WILL get you there! For now, maybe get something stronger than tea and watch my home town play Chelsea.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #1,305
  • Dec 12, 2017 1:13pm Dec 12, 2017 1:13pm
Quoting strat
USDJPY {quote} Had you FOCUSED on ONE METHOD and READ, LEARNED and UNDERSTOOD PASR, then APPLIED it, you would have entered on the GREEN arrow and ALREADY be 165 pips IN PROFIT! {image}
hello
Is this an entry based on the weekly ?
  • #1,306
  • Dec 12, 2017 1:29pm Dec 12, 2017 1:29pm
BASIC PASR

Quoting bistolis
{quote} hello Is this an entry based on the weekly ?
No, its BASIC PASR off the Worker
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,307
  • Dec 12, 2017 2:04pm Dec 12, 2017 2:04pm
Quoting strat
BASIC PASR {quote} No, its BASIC PASR off the Worker
I must admit I found the entry confusing, in mid-air so to speak, but when I looked at my daily, I think it becomes clearer. here's what I see.

Bearish engulfing into support, and bottom of wcc. The next day, an IB, 2nd confirmation of rejection of S and wcc. The following day, a close above the highs, a confirmed swing. entry 10 pips above the high.
Hopefully this is on the right track, although it's obviously more advanced than looking for the 4 main PA signals at SR, which is what I am concentrating on.

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  • #1,308
  • Dec 12, 2017 2:50pm Dec 12, 2017 2:50pm
USDJPY

Quoting brody55
{quote} I must admit I found the entry confusing, in mid-air so to speak, but when I looked at my daily, I think it becomes clearer. here's what I see. Bearish engulfing into support, and bottom of wcc. The next day, an IB, 2nd confirmation of rejection of S and wcc. The following day, a close above the highs, a confirmed swing. entry 10 pips above the high. Hopefully this is on the right track, although it's obviously more advanced than looking for the 4 main PA signals at SR, which is what I am concentrating on. {image}
You did good! Slow but steady and you are moving nicely on The Path
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,309
  • Dec 12, 2017 3:22pm Dec 12, 2017 3:22pm
Quoting strat
AUDNZD PRICE testing Weekly Control Candle support {image}
Hi, Strat!

One of the problems I face is that I get out too soon too many times. I was in AN trade, the entry was on D1, and I exited the short position after the spinning top before the hammer, only to see it falling down like a rock to where my TP was. I hope you do not mind me posting bar charts instead of candle charts, as the entry and exit is not visible so clearly with candles. My question is how would you have managed this short entry? Would you have treated it as a set and forget or would you have exited like I did?

Thanks in advance for the reply!
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  • #1,310
  • Edited Dec 13, 2017 9:36am Dec 12, 2017 4:13pm | Edited Dec 13, 2017 9:36am
AUDNZD

Quoting catalin_eros
{quote} Hi, Strat! One of the problems I face is that I get out too soon too many times. I was in AN trade, the entry was on D1, and I exited the short position after the spinning top before the hammer, only to see it falling down like a rock to where my TP was. I hope you do not mind me posting bar charts instead of candle charts, as the entry and exit is not visible so clearly with candles. My question is how would you have managed this short entry? Would you have treated it as a set and forget or would you have exited like I did? Thanks in advance...
Had I traded it, which I didn't, instead of taking profit at the Bond hammer, I would have brought my Stop Loss down to just above the previous candle as shown by the red line.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #1,311
  • Dec 12, 2017 4:52pm Dec 12, 2017 4:52pm
Hello Strat. Just noticed this one on USDCAD 60 min. Bullish pinbar from support, target daily resistance. Is this one you would take?
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  • #1,312
  • Dec 12, 2017 5:01pm Dec 12, 2017 5:01pm
USDCAD H1

Quoting JackAntigua
Hello Strat. Just noticed this one on USDCAD 60 min. Bullish pinbar from support, target daily resistance. Is this one you would take? {image}
No, we don't trade pinbars in PASR
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,313
  • Dec 12, 2017 5:28pm Dec 12, 2017 5:28pm
Quoting strat
USDCAD H1 {quote} No, we don't trade pinbars in PASR
I might have got my terminology misaligned. Isn't a bullish pinbar a hammer?
  • #1,314
  • Dec 12, 2017 6:53pm Dec 12, 2017 6:53pm
USDCAD H1

Quoting JackAntigua
Hello Strat. Just noticed this one on USDCAD 60 min. Bullish pinbar from support, target daily resistance. Is this one you would take? {image}
It would be a trade off the candle marked with the GREEN arrow

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15 YEARS OF PASR ON FOREX FACTORY!
  • #1,315
  • Dec 12, 2017 7:27pm Dec 12, 2017 7:27pm
Quoting strat
USDCAD H1 {quote} It would be a trade off the candle marked with the GREEN arrow {image}

that's a BUOB candle, am I right?

read them in The PATH
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,316
  • Dec 13, 2017 1:09am Dec 13, 2017 1:09am
Quoting longtrader
{quote} pls share template file usdjpy late entry my idea... daily and weekly bullish {image}
Everything had been shared on forum with settings.
Please see the paper clip.
  • #1,317
  • Dec 13, 2017 2:58am Dec 13, 2017 2:58am
Quoting BeyondTheSea
M5 Just a small one trading into BRN. Today I finished in the green. {image}
Hi BeyondTheSea, could you possibly share and upload your tempate you are using or at least show me whre you could i get it.
I realy like the type and form of information you get on your top right of your charts
thanks in advance
  • #1,318
  • Dec 13, 2017 4:26am Dec 13, 2017 4:26am
Quoting strat
AUDNZD {quote} Had I traded it, which I didn't, instead of taking profit at the Bond hammer, I would have brought my Stop Loss down to just above the previous candle as shown by the red line. {image}
Thank you for the reply, Strat!

You might have noticed I am using only naked charts, so the shadow is not a factor in my trading decisions. But I still read about it and look at it on other people charts. Anyhow, this post is somewhat confusing, because although it was a great PASR trade (IB breakout, TL break, MN and W1 support area), wouldn't the shadow be against a long?

In fact, I did enter a buy, but before the candle you marked. My entry was the bullish candle after the spinning top, as I perceived it as a version of a morning star, although it was not a by the book morning star pattern. I rode it only for 70 pips, and then lost 50 on the short position.

As always, I am looking forward to your reply, and thanks in advance!

Attached Image (click to enlarge)
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EDIT: Taking another look at that chart and applying a 200 ema, which I know you put weight on, I notice that your entry candle closed above it. Was that the good enough reason to disregard the fact that the shadow was above the price and enter a long?
  • #1,319
  • Edited 6:40am Dec 13, 2017 6:03am | Edited 6:40am
Quoting catalin_eros
{quote} Hi, Strat! One of the problems I face is that I get out too soon too many times. I was in AN trade, the entry was on D1, and I exited the short position after the spinning top before the hammer, only to see it falling down like a rock to where my TP was. I hope you do not mind me posting bar charts instead of candle charts, as the entry and exit is not visible so clearly with candles. My question is how would you have managed this short entry? Would you have treated it as a set and forget or would you have exited like I did? Thanks in advance...
Premature Extrication!

Ah, the little people playing games - again.

I used to suffer from this a lot too. I do not know if your problem arises for the same reason mine did, but, in case it does, I'll offer a suggestion:
If the reason you are exiting early is because you are afraid of missing out on profit - any profit - or worse, you are afraid of missing out on any profit and afraid that price will reverse, eat your (partial) profit, hit your stop loss and leave you with a loss for the trade then:

Try splitting your entry into multiple smaller lots and set a variety of partial profits on some of the positions. This will help placate the little people. (It also often lets you get back into the trade over and over again taking small profits multiple times before the actual run to the target S/R that you were initially targeting). If it doesn't reach you original target, you can still come out with a small profit or, at worst, a really insignificant loss.
  • #1,320
  • Edited 6:53am Dec 13, 2017 6:34am | Edited 6:53am
Quoting trogger
{quote} Premature Extrication! Ah, the little people playing games - again. I used to suffer from this a lot too. I do not know if your problem arises for the same reason mine did, but, in case it does, I'll offer a suggestion: If the reason you are exiting early is because you are afraid of missing out on profit - any profit, or worse, you are afraid of missing out on any profit and afraid that price will reverse, eat your (partial) profit, hit your stop loss and leave you with a loss for the trade then: Try splitting your entry into multiple smaller...

Here is an example.

I've posted this trade previously. Been in it since 20 November:

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I'm waiting to see if price whizzes back down the CC or if it breaks. Either way, I'm perfectly happy (and will sleep well tonight!) as I have closed 3 of 5 trades within the green (CC) area. I'm collecting interest, so I don't really care how long it takes from here, but I do know that one of 3 scenarios will happen:
(i) It breaks up - I'm happy. I have money on the table.
(ii) It heads south but doesn't close below the green area: I'm happy, as I can look for re-entry.
(iii) It heads south and keeps going south - and this trade is over. In this case, I get out - I'm still happy as I have some profit already booked and I look for the next trade.
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