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Strat's PASR Long Term, Stress Free Trading

  • #2,361
  • Feb 18, 2018 9:06pm Feb 18, 2018 9:06pm
your comment about divergence on pg 7 made me laugh
just because it's true
I will get my head around this, but always can be wrong
  • #2,362
  • Feb 18, 2018 10:21pm Feb 18, 2018 10:21pm
made it to page 11
looks like I'm off to your old thread as all those 5 min charts without any explanation just were confusing esp with the context of the thread (posts before and after)around them missing
I will get my head around this, but always can be wrong
  • #2,363
  • Feb 19, 2018 12:42am Feb 19, 2018 12:42am
giving up for the night with a head ache
will come back tomorrow
I will get my head around this, but always can be wrong
  • #2,364
  • Feb 19, 2018 4:23am Feb 19, 2018 4:23am
Quoting Hugo55
Long EUR/USD {image}
Attached Image (click to enlarge)
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  • #2,365
  • Feb 19, 2018 5:33am Feb 19, 2018 5:33am
Hi, guys!

I decided to try again M5 trading, but the marked slammed the one trade I took today in my face. I entered on GA, and I added a new position afterwards. I lost 19 pips on the first entry and 39 pips on the add on entry. Since I know I am one of the worst M5 traders ever, I'd like to know what was wrong with it, because I entered thinking I followed the rules: H4 and H1 S/R, waiting for price to clear the low on London and then I entered on retrace ( I like pullbacks more than breakouts). The entry was according to Strat Shadow. Perhaps I should have just exited at the low, after the BUOB formed, but I did not, because the profits were very small.

They are both M5 charts of GA, one with bars to see better the entries, and the other with candles, to see better the formations.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPAUDM5.png Size: 91 KB
  • #2,366
  • Feb 19, 2018 6:31am Feb 19, 2018 6:31am
Quoting catalin_eros
Hi, guys! I decided to try again M5 trading, but the marked slammed the one trade I took today in my face. I entered on GA, and I added a new position afterwards. I lost 19 pips on the first entry and 39 pips on the add on entry. Since I know I am one of the worst M5 traders ever, I'd like to know what was wrong with it, because I entered thinking I followed the rules: H4 and H1 S/R, waiting for price to clear the low on London and then I entered on retrace ( I like pullbacks more than breakouts). The entry was according to Strat Shadow. Perhaps...
Hey
I had those marked on my chart real time paper trading
and exit is close to the lows of yesterday 30 +10~ more or less
Your second entry was close to the lows and for me a no-go
and this was my only trade for today. I am checking other pairs, but I dont like much the action
Attached Image (click to enlarge)
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  • #2,367
  • Edited 7:44am Feb 19, 2018 7:32am | Edited 7:44am
Quoting catalin_eros
Hi, guys! I decided to try again M5 trading, but the marked slammed the one trade I took today in my face. I entered on GA, and I added a new position afterwards. I lost 19 pips on the first entry and 39 pips on the add on entry. Since I know I am one of the worst M5 traders ever, I'd like to know what was wrong with it, because I entered thinking I followed the rules: H4 and H1 S/R, waiting for price to clear the low on London and then I entered on retrace ( I like pullbacks more than breakouts). The entry was according to Strat Shadow. Perhaps...
Hi catalin_eros,

Sorry about that lost.

1. I did not see a clear/strong move or PA before your 1st trade, because when you look at the Impulse move and corrective move they are almost the same movement = NO CLEAR/STRONG TREND yet.


2. Your 2nd trade, I want to believe you entered that trade into heavy resistance. There is M15 support close to that entry.

To me, the two trades are avoidable and you could have pass it on, and wait for a better setup.


NB: I know Strat, normally check H1 & M15 S/R levels before taking his M5 trades, I know he will confirm this when he comes online.



Happy Trading,
Yomi.
Attached Image (click to enlarge)
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Time always comes before price
  • #2,368
  • Feb 19, 2018 7:42am Feb 19, 2018 7:42am
Quoting Hugo55
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: eur.usd close.PNG Size: 42 KB


Got stopped out, in hindsight I could have taken half position +13 pips
and brought the other half to BE.
  • #2,369
  • Feb 19, 2018 7:49am Feb 19, 2018 7:49am
Quoting Hugo55
{quote} {image} Got stopped out, in hindsight I could have taken half position +13 pips and brought the other half to BE.
hi
I think you can exit safely on the yellow arrow instead of the loss
Attached Image (click to enlarge)
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  • #2,370
  • Feb 19, 2018 7:58am Feb 19, 2018 7:58am
Quoting bistolis
{quote} hi I think you can exit safely on the yellow arrow instead of the loss {image}
Hi bistolis,
Yes I nearly did, but was trying to get to my 1st. target
  • #2,371
  • Feb 19, 2018 8:04am Feb 19, 2018 8:04am
Quoting bistolis
{quote} Hey I had those marked on my chart real time paper trading and exit is close to the lows of yesterday 30 +10~ more or less Your second entry was close to the lows and for me a no-go and this was my only trade for today. I am checking other pairs, but I dont like much the action {image}
But doesn't Strat wait for London to take out the low or high first, and then enters? Your marked candle was from Frankfurt. That is why I entered later, because I needed to wait for London.
  • #2,372
  • Edited 8:35am Feb 19, 2018 8:06am | Edited 8:35am
Quoting Hugo55
{quote} {image} Got stopped out, in hindsight I could have taken half position +13 pips and brought the other half to BE.
Hi Hugo55,

I hope you have your 200EMA on your M5 chart, if not, please put it there, because for me, I will never do my buying under the 200EMA as you did.

Having 200EMA on your M5 Chart, will keep you on the right side of long-term trend.

Happy Trading,
Yomi.
Time always comes before price
  • #2,373
  • Feb 19, 2018 8:07am Feb 19, 2018 8:07am
Quoting fxrabbi
{quote} Hi catalin_eros, Sorry about that lost. 1. I did not see a clear/strong move or PA before your 1st trade, because when you look at the Impulse move and corrective move they are almost the same movement = NO CLEAR/STRONG TREND yet. 2. Your 2nd trade, I want to believe you entered that trade into heavy resistance. There is M15 support close to that entry. To me, the two trades are avoidable and you could have pass it on, and wait for a better setup. NB: I know Strat, normally check H1 & M15 S/R levels before taking his M5 trades, I know he...
Hm, I was under the impression that Strat uses H1 and H4 for S/R, not M15. Either way, here is my chart on H1 with the support (aqua). Mine was lower than yours, that is why I held on to the trades, because I saw more room to the downside.
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  • #2,374
  • Edited 8:34am Feb 19, 2018 8:21am | Edited 8:34am
Quoting catalin_eros
{quote} Hm, I was under the impression that Strat uses H1 and H4 for S/R, not M15. Either way, here is my chart on H1 with the support (aqua). Mine was lower than yours, that is why I held on to the trades, because I saw more room to the downside. {image}
I can understand you, I knew he use M15 S/R levels too for his M5 PASR Trend Trading. Had did be you know, you could have seen the M15 support there.


Happy Trading,
Yomi.
Time always comes before price
  • #2,375
  • Feb 19, 2018 8:32am Feb 19, 2018 8:32am
Quoting catalin_eros
{quote} Hm, I was under the impression that Strat uses H1 and H4 for S/R, not M15. Either way, here is my chart on H1 with the support (aqua). Mine was lower than yours, that is why I held on to the trades, because I saw more room to the downside. {image}
I saw a lower high forming and took the trade, but not hoping for too much of a downside to begin with.
US bank holiday on the calendar and I have no clue if there will be any moves
  • #2,376
  • Edited 9:26am Feb 19, 2018 8:49am | Edited 9:26am
2 more shorts for the day

GJ almost there
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EDIT: closed for 15

and GU closed for 40. since it is paper trading I could consider partial and let the rest run.
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  • #2,377
  • Feb 19, 2018 9:06am Feb 19, 2018 9:06am
Short GU for +26 pips
I could (should?) have entered much sooner, but I didn't want to sell into support
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  • #2,378
  • Feb 19, 2018 9:17am Feb 19, 2018 9:17am
Quoting darko2010
Short GU for +26 pips I could (should?) have entered much sooner, but I didn't want to sell into support {image}
I prefer to enter after a pullback, so my entry is abit sooner

edit:
stalking GBPNZD for an entry on M15 / M5
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  • #2,379
  • Feb 19, 2018 9:23am Feb 19, 2018 9:23am
Quoting bistolis
2 more shorts for the day GJ almost there {image} and GU closed for 40. since it is paper trading I could consider partial and let the rest run. {image}
I'm trying to understand something, I'm a London trader so, for GBP/JPY following the strategy of Strat, the majority of the London session was bearish so it would have had to not take the trade for New York?

Because New York did not follow the London trend
  • #2,380
  • Feb 19, 2018 9:39am Feb 19, 2018 9:39am
Quoting Pixlab
{quote} I'm trying to understand something, I'm a London trader so, for GBP/JPY following the strategy of Strat, the majority of the London session was bearish so it would have had to not take the trade for New York? Because New York did not follow the London trend
gyen London was range. and he entered test of range break.
It's in fear when people show what they truly value.
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