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Strat's PASR Long Term, Stress Free Trading

  • #2,141
  • Feb 13, 2018 9:02am Feb 13, 2018 9:02am
Today my first try:
EURUSD — 5 min PASR Trend Trading (London session)

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  • #2,142
  • Edited 2:24pm Feb 13, 2018 9:21am | Edited 2:24pm
Long EURUSD yesterday with profit target (+72 pips) hit over night three hours into the London session.

Using strat shadow in conjunction with fib, entered on H1 once HH occurred with move above shadow and fib 76.4. Also a nice 9 kiss off 72ema

Target to fib 161.8. May get further up move to the 261.8 extension but I planned the trade to 161.8 and traded the plan so more than happy with this one.

These are the set ups I am looking for that allow me to profit from the moves made through the London session. Nice stress free set ups on lower time frames (H1).
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  • #2,143
  • Feb 13, 2018 9:58am Feb 13, 2018 9:58am
AUDCAD

Quoting BeeCee
Hi Strat, I am a newbie. Spent quality hours reading your old thread and new one. I want to adapt to this strategy. Request your view whether my assumption of trading AUD CAD today is right. I am still demo trading. However, I want to practice well before I enter into real trading. 1. Bigboss/boss and worker are in uptrend. 2. Price is bullish and yesterday's close is above strat shadow. (let me say SS rejected the price). 3. Price is within WCC. However, nearly 100+ pips before reaching the WCC and weekly resistance. (blue and red lines are weekly...
I am still demo trading

This is your first mistake. Do NOT trade on demo - it is HIGHLY MANIPULATED by your broker to make you LOOK GOOD plus it does not engage the Little People who will destroy you unless you keep them in check.

Bigboss/boss and worker are in uptrend

How do you SEE these in an UP trend? - they are sideways in consolidation and totally directionless. The Big Boys have no interest in this pair at this time.
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PRICE is trapped inside a Weekly Control Candle (blue lines)

However, nearly 100+ pips before reaching the WCC

PRICE is already at this resistance
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Your R:R is upside down - your RISK is greater than your reward.

This is a horrible pair and condition to learn on. There are much better pairs.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,144
  • Feb 13, 2018 10:02am Feb 13, 2018 10:02am
Quoting strat
AUDCAD {quote} I am still demo trading This is your first mistake. Do NOT trade on demo - it is HIGHLY MANIPULATED by your broker to make you LOOK GOOD plus it does not engage the Little People who will destroy you unless you keep them in check. Bigboss/boss and worker are in uptrend How do you SEE these in an UP trend? - they are sideways in consolidation and totally directionless. The Big Boys have no interest in this pair at this time. {image} PRICE is trapped inside a Weekly Control Candle (blue lines) However, nearly 100+ pips before reaching...
Thanks, Strat. Point taken. Will take caution and post different charts for better understanding.
  • #2,145
  • Feb 13, 2018 10:09am Feb 13, 2018 10:09am
GBPCAD entry on 5m
(paper trade)

After the pullback following the London move up, waited for a close above the Strat Shadow to enter long.

I was undecided about closing this while price made small candles above support. I decided that price was close enough to 4h resistance and seemed out of buying momentum so closed it out.
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  • #2,146
  • Feb 13, 2018 10:42am Feb 13, 2018 10:42am
GBPAUD M5

Quoting darko2010
{quote} Strat, just to make sure I understand this correctly, did GBPAUD not qualify during your trading hours or throughout the day? I thought there was an interesting entry point at around 1.7686 on M5 although there was a support at 1.7660, supported by the outside bar on H4. Is it because of the proximity of the support (and the relatively poor R:R) that you dismissed it or am I missing something else? Thanks {image} {image}
darko, this post and your previous post tells me either you have NOT read, or if you have, not UNDERSTOOD MY M5 strategy. Go back in this thread and find all the posts explaining MY M5 strategy and READ and UNDERSTAND them, THEN, YOU will be able to answer these questions. It's not difficult - many others on here have understood it and are trading profitably with it.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,147
  • Feb 13, 2018 10:45am Feb 13, 2018 10:45am
EURUSD M5

Quoting Malu
Today my first try: EURUSD — 5 min PASR Trend Trading (London session) {image}
Good job!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,148
  • Feb 13, 2018 10:46am Feb 13, 2018 10:46am
EURUSD H1

Quoting TerryDawe
Long EURUSD yesterday with profit target (+72 pips) hit over night three hours into the London session. Using strat shadow in conjunction with fib, entered on H1 once HH occurred with move above shadow and fib 76.4. Also a nice 9 kiss off 72ema Target to fib 161.8. May get further up move to the 261.8 extension but I planned the trade to 161.8 and traded the plan so more than happy with this one. These are the set ups I am looking for that allow me to profit from the moves made through the London session. Nice stress free set ups on lower time frames...
In the groove, Terry, well done!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,149
  • Feb 13, 2018 10:55am Feb 13, 2018 10:55am
The conditions seemed good for an M5 trade but I do not know why I did not close the trade when I saw a hammer at a support level (maybe I thought the movement would be bigger). Conditions have changed, so I closed the trade with a small loss.

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  • #2,150
  • Feb 13, 2018 10:56am Feb 13, 2018 10:56am
Quoting strat
AUDCAD {quote} I am still demo trading This is your first mistake. Do NOT trade on demo - it is HIGHLY MANIPULATED by your broker to make you LOOK GOOD plus it does not engage the Little People who will destroy you unless you keep them in check. Bigboss/boss and worker are in uptrend How do you SEE these in an UP trend? - they are sideways in consolidation and totally directionless. The Big Boys have no interest in this pair at this time. {image} PRICE is trapped inside a Weekly Control Candle (blue lines) However, nearly 100+ pips before reaching...
Hi Strat.. In the quoted post you had shown AUD CAD on Downtrend and consolidation. Enclosed is the screenshot of EURNZD. Its a long term downtrend and immediate uptrend in the Bigboss chat. Would you recommend a buy for a scenario like this when the price action falls in place.
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  • #2,151
  • Edited 12:00pm Feb 13, 2018 11:08am | Edited 12:00pm
EURUSD M5 PASR Trend Trading:


Couldn't wait for it to hit my TP (next SR levels), because it was my EOD (End of Day) which happens to be London Close.




Happy Trading,
Yomi.
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Time always comes before price
  • #2,152
  • Feb 13, 2018 11:11am Feb 13, 2018 11:11am
Quoting fxrabbi
EURUSD M5 PASR Trend Trading: Couldn't wait for it to hit my TP (next SR levels), because it was my EOD (Ene of Day). Happy Trading, Yomi. {image}

Hello, where was ur StopLoss?
  • #2,153
  • Edited 12:10pm Feb 13, 2018 11:58am | Edited 12:10pm
Quoting HappyTrend
{quote} Hello, where was ur StopLoss?
I set my SL at 50pips.

Edit:
Error: I wanted to write 25pips.
Time always comes before price
  • #2,154
  • Feb 13, 2018 12:05pm Feb 13, 2018 12:05pm
Quoting fxrabbi
{quote} I set my SL at 50pips.
Thank you for ur reply. You set SL 50pIps because u have that fixed or in there was something in that distance that u set ur SL in there?
  • #2,155
  • Edited 12:39pm Feb 13, 2018 12:14pm | Edited 12:39pm
Quoting HappyTrend
{quote} Thank you for ur reply. You set SL 50pIps because u have that fixed or in there was something in that distance that u set ur SL in there?
I normally loves it when my SL is not more than 25pips, and at the same time to be at the back of the Strat's Shadow (72EMA) or the 200EMA on M5 TF.
Time always comes before price
  • #2,156
  • Feb 13, 2018 12:46pm Feb 13, 2018 12:46pm
GBPCAD M5

Quoting jmw7
GBPCAD entry on 5m (paper trade) After the pullback following the London move up, waited for a close above the Strat Shadow to enter long. I was undecided about closing this while price made small candles above support. I decided that price was close enough to 4h resistance and seemed out of buying momentum so closed it out. {image}
Well done!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,157
  • Edited 1:14pm Feb 13, 2018 12:54pm | Edited 1:14pm
CADJPY M5

Quoting Giannis95
The conditions seemed good for an M5 trade but I do not know why I did not close the trade when I saw a hammer at a support level (maybe I thought the movement would be bigger). Conditions have changed, so I closed the trade with a small loss. {image}
The conditions seemed good for an M5 trade

They were.......................12+ hours BEFORE you traded!!!!

PRICE made a QUADRUPLE bottom 1+ hours BEFORE you traded

You SOLD directly into SUPPORT

I do not know why I did not close the trade when I saw a hammer at a support

It's called GREED - stop trading until you have READ and UNDERSTOOD Trading Psychology!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,158
  • Edited 1:20pm Feb 13, 2018 1:00pm | Edited 1:20pm
EURNZD

Quoting BeeCee
{quote} Hi Strat.. In the quoted post you had shown AUD CAD on Downtrend and consolidation. Enclosed is the screenshot of EURNZD. Its a long term downtrend and immediate uptrend in the Bigboss chat. Would you recommend a buy for a scenario like this when the price action falls in place. {image}
you had shown AUD CAD on Downtrend

No I did NOT!

Would you recommend a buy for a scenario like this when the price action falls in place.

Study MY charts and SEE if you can answer this yourself - the blue lines are the Weekly Control Candle

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,159
  • Edited 1:13pm Feb 13, 2018 1:02pm | Edited 1:13pm
EURUSD M5

Quoting fxrabbi
EURUSD M5 PASR Trend Trading: Couldn't wait for it to hit my TP (next SR levels), because it was my EOD (End of Day) which happens to be London Close. Happy Trading, Yomi. {image}
Excellent Yomi. The Bond Shooting Star was the first indication of the London top

Next Step: Maximise Profits!

If you are at your screen all the time to watch the trade, consider SWING trading it. ADD ON at my first white triangle and then TAKE PROFITS on ALL positions at my first red triangle. Get back in at the next 2 white triangles and TAKE PROFITS on ALL positions at the second red triangle at the Bond Shooting Star. I believe you UNDERSTAND this.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,160
  • Feb 13, 2018 1:07pm Feb 13, 2018 1:07pm
Quoting strat
EURUSD M5 {quote} Excellent Yomi. The Bond Shooting Star was the first indication of the London top
Thanks for your guidance.
Time always comes before price
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