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Strat's PASR Long Term, Stress Free Trading

  • #2,441
  • Feb 20, 2018 9:59am Feb 20, 2018 9:59am
Quoting niltino
Hello, I would like to ask a question if it is possible. If all conditions are met as price trending, Strat's shadow and SR on M5 only, how many trades could you manage at the same time without losing focus on the other trades? and if the pair selected is trending and the other similar pairs are also in price trading, do you trade similar pairs at the same time? like for example GBP pairs related? thanks
You can only trade as many trades as your Money Management allows.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,442
  • Feb 20, 2018 10:14am Feb 20, 2018 10:14am
PASR

Quoting kbkm
Dear strat and folks, I just wanted to introduce myself to strat and all you guys. My name is kelvin. Admittedly, I have been an indicator junkie for the past 2 years when I started my trading journey. I am ashamed to think about it now but I cannot deny my past mistakes. Worse still, I got hooked on EAs when I found forexfactory. As you can see from my subscribed post it was something to do with basket trading. Needless to say,just like the rest of the ignorant ones, I was not making any headway. I was exposed to price action for a bit in another...
Thank you for baring your trading soul. Most who have written similar stories and started on The Path either got tired, impatient, lost interest, were not prepared to do the hard work, or found the strategy "too hard", left and returned to "Indicator Land" and automatic trading. Many of them are still "thread hopping" in search of the ""magical system"" they believe the professionals have to make them rich beyond their wildest dreams. Alas, the ""magical system"" does not exist. What does exist, however, is the ONE who can make anything happen and that ONE is the person you SEE looking back at YOU when YOU look in the mirror. YOU are the ""magical system""

Welcome and we will help you all we can
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,443
  • Feb 20, 2018 10:16am Feb 20, 2018 10:16am
PASR

Quoting niltino
{quote} Tms said to choose one pair from every group that met certain conditions. I am only focused now on your strat’s shadow and sometimes I could see and traded related pairs at the same time, but if the trade went wrong the loss is multiplied. So, I got confused when you said that even Trump can trade or manage two pairs and was the origin of my doubt. Still learning, watching and reading. I try to trade after work at night Eastern time because I work until 6 pm. I saw also that Strat’s shadow could appear in the Asian session the only time...
I am only focused now on your strat’s shadow

Then you will LOSE your account. The Strat Shadow is only ONE of many tools in PASR
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,444
  • Feb 20, 2018 10:26am Feb 20, 2018 10:26am
PASR

Quoting alexf82
I have now carefully read the strategy from the instructions and would now like to go to the charts. But maybe a stupid question: Where can I find the Strats Shadow! ??
I have now carefully read the strategy from the instructions

All 1199 pages? I doubt it!

There are no instructions - ONLY the STRATEGY

But maybe a stupid question: Where can I find the Strats Shadow! ??

A stupid question from a stupid idiot trying to CHEAT the system for a SHORT CUT!

Had you "carefully read the strategy from the instructions", you would have found it!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,445
  • Feb 20, 2018 10:54am Feb 20, 2018 10:54am
GBPAUD M5

Quoting Pixlab
First lost trade of the day {image}
And there will be MANY MORE if you continue like this!

I was going to write a very detailed post but since you did not even READ, LEARN and UNDERSTAND my post # 2392 YESTERDAY to YOU, I am not going to waste any more of MY time.

Talk about leading a donkey to water.....................................!

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 107 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,446
  • Feb 20, 2018 10:58am Feb 20, 2018 10:58am
GBPAUD M5

Quoting bistolis
{quote} hello Your entry was at the close of the H1 bar {image}
One of his MANY PROBLEMS is that he DID NOT SEE (or recognise) support before he gave his money away
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,447
  • Feb 20, 2018 11:03am Feb 20, 2018 11:03am
M5

Quoting sseti
{quote} Hi Strat Sorry for that, but I take it from your post 480. I must misinterpretad it for putting SL on 1 entry. Regards
That was for a SPECIFIC entry on GBPNZD - NOT A STRATEGY! I could have used the swing high but I chose the 200 ema as it was further away yet still within my RISK tolerance.

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 108 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,448
  • Feb 20, 2018 11:09am Feb 20, 2018 11:09am
Quoting strat
M5 {quote} That was for a SPECIFIC entry on GBPNZD - NOT A STRATEGY! I could have used the swing high but I chose the 200 ema as it was further away yet still within my RISK tolerance. {image}
I must admit that this post also kept me confused. It is good to have it brought back into discussion, as it cleared previous confusion about SL and 200 ema relationship.
  • #2,449
  • Edited 12:15pm Feb 20, 2018 11:15am | Edited 12:15pm
M5

Quoting Pixlab
{quote} Strat told me yesterday not to look at the candles of the senior frames, just to identify a trend on M5, S/R and take trade.
This is my post 2392 to YOU from yesterday:

M5

Mon ami (practicing my High School French!), you are confusing PASR Trend Trading with MY PASR Trend Trading strategy. My particular M5 strategy is due to my circumstances - I am asleep during London and opening New York trading so I only trade M5 when New York CONTINUES the trend set by London.

If you are trading London, then you trend trade M5 as any other time frame. Check out the attached EURUSD Worker chart for PASR Trend Trading entries. Since PRICE charts are FRACTAL, PASR can be, and IS, traded on ANY time frame. The numbers in blue are entries.

If you can also trade New York then you will be able to retire earlier!

Please confirm you UNDERSTAND.

So, from this post, how did you come up with ""Strat told me yesterday not to look at the candles of the senior frames, just to identify a trend on M5, S/R and take trade""

YOUR problem is that you do NOT UNDERSTAND what YOU read!

You SOLD DIRECTLY INTO SUPPORT (which was easily identified and recognised if only you had eyes and a trading brain!)
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,450
  • Feb 20, 2018 11:23am Feb 20, 2018 11:23am
M5

Quoting Pixlab
{image}
You highlighted in red what I told you BUT you IGNORED it!

YOU wrote: ""Watch or find price on higher time (H1 & M15) See maybe H4 for the big Boss that is to say have the big picture.""

I replied NO! Look at M5 chart and ask "Is PRICE in a trend?" If it is, ADD support and resistance levels from H4 and H1 and ENTER on a PULLBACK to that trend.

You probably won't UNDERSTAND this along with everything else I have told you but ""FORGET M5 and concentrate on PASR on my "old" original thread.""
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,451
  • Feb 20, 2018 11:26am Feb 20, 2018 11:26am
CADJPY H1 & H4

Quoting darko2010
Interesting configuration on CADJPY {image} {image}
Pray tell me more!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,452
  • Edited 11:49am Feb 20, 2018 11:35am | Edited 11:49am
Quoting strat
CADJPY H1 & H4 {quote} Pray tell me more!
Hi Strat,
At the time I posted this, I saw that CADJPY had started entering its H4 shadow for the first time in a "long time" (by H4 standards) and that, even though until then it made only sense to sell on resistance, it would be interesting to monitor how M5 would progress and maybe start considering buys if PA was favorable. But trains take a long time to stop and change directions, so just something to keep watching. what do you think? Did I miss something?

edit: there were also buying opportunities while below the shadow of course as I am trading M5 but selling provided better expectancy and, at least for me, less stress
  • #2,453
  • Feb 20, 2018 11:40am Feb 20, 2018 11:40am
Attached File(s)
File Type: pdf Winners Simply Do What Losers Won't Do.pdf   81 KB | 692 downloads
  • #2,454
  • Feb 20, 2018 11:53am Feb 20, 2018 11:53am
Support and Resistance Training.

Quoting BeeCee
Hi Strat, Like I promised, I have gone back to the old thread. This time spending more time on each post from you and other strat certified trainers. Just wanted to test my understanding on S and R here. I have just taken the 1st chart and drawn the lines. The red ones are the big boss, blue lines are off the boss and further fine tuning on the worker charts are the gold ones. Take a look and provide your feedback. Determined to learn it no matter however long it takes. THanks in advance. {image} {image} {image}
Determined to learn it no matter however long it takes.

That's the attitude, young man, never lose sight of it!

First, I want to commend you on READING, LEARNING and UNDERSTANDING PASR as I laid it out on my "old" original thread and on this thread instead of being swayed, like other idiots on here, by the IMMEDIATE RICHES of M5. Well done! You have more chance of success than them!

Now onto identification of support and resistance.

Big Boss - you have correctly identified support and resistance levels (red) and that is ALL we need on the Big Boss. Don't show the Boss and Worker levels on the Big Boss since they will confuse you (too many lines)

Boss - you have not fine tuned the Big Boss support and resistance levels correctly. Again, do not add the Worker levels on this chart - ONLY the Boss levels

Worker - same comments as for the Boss

I have attached my trading charts for GBPNZD. Study and UNDERSTAND my support and resistance levels and ask any questions

Again, congratulations on being a really good student.
Attached Image (click to enlarge)
Click to Enlarge Name: Big Boss.PNG Size: 57 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Boss.PNG Size: 55 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Worker.PNG Size: 47 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,455
  • Feb 20, 2018 12:01pm Feb 20, 2018 12:01pm
PASR

Quoting BeyondTheSea
GBPAUD Re-Entry {image} GBPJPY I didn't enter this morning because I was in AUD, however saw this opportunity just now along with my GBPAUD 3rd trade. Closing out because I've done for the day and need some fresh air.. {image} Just a thought with those struggling with London why not enter at Strat's time of day, Pacific Standard Time if all conditions are met? Some steady set ups happen UK PM with the market continuing behind it..?
Closing out because I've done for the day and need some fresh air..

More likely your truck is full of pips and you are taking it to your bank!

Just a thought with those struggling with London

If "they" are struggling with London it is because "they" DON"T UNDERSTAND PASR
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,456
  • Feb 20, 2018 12:03pm Feb 20, 2018 12:03pm
Hello Strat,

Wanted to post some charts again, been re-reading some of your old posts, so that's why I haven't posted anything for the past week. I've been watching EUR/USD everyday, waiting for its next move.

BB: Still at strong resistance level, price is in an uptrend.
B: I marked the WCC (let me know if it is correct) and we can see that price is trapped inside the control candle. I think it would be wise to see if we are going to see a deeper retracement before pushing higher. I would not trade in the middle of WCC but maybe that's just my beginner mind being too cautious. I would look at PA at WCC low to see if there are any good opportunities to buy.
W: At the moment of writing, price is reacting at EMA20 dynamic support. Swing high will be confirmed if today's candle will close below the low of Feb 18's candle because yesterday's candle failed to do that (again, correct me if I am wrong). Then we are looking at double-top'ish (?) formation which shows that resistance is strong enough and price might get lower. Could we say that we are still in wave 4 of Elliot Waves or price started a wave 5 already? Not that I'm using it very much, but I like to apply some of the wave theory to the price movements.

I would love to post some new charts in upcoming days, but I would like to know if this analysis is correct and what should I add or remove from these posts.

All the best to you.
Attached Image(s) (click to enlarge)
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  • #2,457
  • Feb 20, 2018 12:06pm Feb 20, 2018 12:06pm
PASR

Quoting kbkm
I would not like to overstep my boundaries as a PASR student but I would like to determine my understanding based on a few 5m charts. edit: sorry for my last chart it shoudl say exited at support not resistance {image}{image}{image}{image}
M5? And here was I thinking you were going to be a good student of PASR!

Suggest you READ post 2454 and RE-THINK your approach.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,458
  • Feb 20, 2018 12:07pm Feb 20, 2018 12:07pm
Thanks very much, Strat.

I'm just keeping humble and plugging away..
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #2,459
  • Feb 20, 2018 12:08pm Feb 20, 2018 12:08pm
PASR

Quoting brody55
Quoting strat;10794591 I have posted numerous charts on MY M5 PST strategy. Exactly WHAT is YOUR problem? Trading basic PASR in a trend?!?!? This PROVES that you do NOT UNDERSTAND Basic PASR, Swing Trading PASR and Trend Trading PASR ote
Strat, forget it. You're sick of my questions, and i'm sick and tired of sounding like the village idiot with this 5m stuff. i'm going back to continue to study the main method on the old thread.. i do understand basic pa at s/r, and trading pullbacks in an established trend. its the breakouts that i was struggling
...
i'm going back to continue to study the main method on the old thread.

Very wise, brody!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,460
  • Feb 20, 2018 12:09pm Feb 20, 2018 12:09pm
Quoting Tetulla
TRading in the zone audio book for anyone interested https://youtu.be/iQVexoV0Z6c
Thank you. Now how many will spend 8 hours listening to this?
15 YEARS OF PASR ON FOREX FACTORY!
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