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Strat's PASR Long Term, Stress Free Trading

  • #2,461
  • Feb 20, 2018 12:13pm Feb 20, 2018 12:13pm
Quoting catalin_eros
{quote} 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.
You should always ask if you are confused otherwise how will you move forward?
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,462
  • Feb 20, 2018 12:16pm Feb 20, 2018 12:16pm
Quoting bistolis
{image}
Thank you. That is also one of the 63 articles I had to post
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,463
  • Feb 20, 2018 12:25pm Feb 20, 2018 12:25pm
Quoting strat
{quote} Thank you. That is also one of the 63 articles I had to post
Attached File(s)
File Type: doc 5 Tips on Trading Hammers to Improve Your Odds.doc   53 KB | 680 downloads

Attached File(s)
File Type: doc CANDLESTICK SIGNALS.doc   33 KB | 739 downloads

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File Type: doc Money Management rules.doc   26 KB | 502 downloads
  • #2,464
  • Feb 20, 2018 12:45pm Feb 20, 2018 12:45pm
EURUSD

Quoting Svolacius
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...
BB: Still at strong resistance level, price is in an uptrend. Yes

B: I marked the WCC (let me know if it is correct) Yes, 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 Why? Don't THINK - WATCH and SEE what PRICE does. I would not trade in the middle of WCC Spot on - exactly right!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. No! WATCH PRICE ACTION at the Weekly Control Candle to SEE if there is ""a"" trade.

W: At the moment of writing, price is reacting at EMA20 dynamic support. No! PRICE is resting on Strat Shadow support. Worker Swing high will be confirmed if today's candle will close below the low of Feb 18's (there is no Feb 18 candle, it is Feb 16 candle)candle because yesterday's candle failed to do that (again, correct me if I am wrong) Yes if you are trading Worker swings.. Then we are looking at double-top'ish (?) Yes, a double top formation which shows that resistance is strong enough and price might get lower Really? PRICE could be stronger and push through resistance also.. What do you SEE in the Market Structure of the Worker?

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. If you are asking these questions then FORGET Elliott Wave theory - I only use it ""IF"" it stands out like a sore thumb to me - if it doesn't stand out then PRICE is not following EW theory.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,465
  • Edited 1:32pm Feb 20, 2018 1:17pm | Edited 1:32pm
CADJPY M5

Quoting darko2010
{quote} 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...
Up until this post you had lost your "Clouseau" nickname as Pixlab had taken it. Now I see you have won it back!

One step forward and THREE back - you really are an amazing specimen of the human being!

I saw that CADJPY had started entering its H4 shadow for the first time in a "long time"

What has H4 got to do with my M5 PASR Trend Trading strategy?

For the UMPTEENTH time to the power of 10:

YOU LOOK AT ALL YOUR M5 CHARTS TO SELECT A POTENTIAL M5 TREND CANDIDATE. H4 or H1 has NOTHING to do with pair selection for my M5 PASR Trend Trading Strategy. WHY can't you UNDERSTAND this?

even though until then it made only sense to sell on resistance

I am trying REALLY, REALLY hard NOT to swear at you but "STOP THINKING and TRADE WHAT YOU SEE ON YOUR CHARTS! You can't trade what you don't SEE!

it would be interesting to monitor how M5 would progress and maybe start considering buys if PA was favorable

Who CARES how it progresses? - you are either IN M5 or OUT - there is NO "how it progresses on another time frame!

What would be REALLY INTERESTING is ""IF"" you could FOLLOW the strategy for more than one trade without THINKING how to do better.

But trains take a long time to stop and change directions

At least you UNDERSTAND that!

so just something to keep watching

WHY? Just open up your M5 charts when you first get to your computer in a morning and ask yourself on each chart "Is there a trend?" No trend - NO TRADE - move on to the next pair

what do you think?

I don't THINK - I trade what I SEE on my charts. If it isn't there, I don't trade it much less worry about it

Did I miss something?

Yes, you missed UNDERSTANDING my M5 PASR Trend Trading strategy. I suggest you follow brody's example and go back to my "old" original thread.

there were also buying opportunities while below the shadow of course as I am trading M5

Now you have really done my head in. I am finished with M5. Lord give me strength to carry on.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,466
  • Edited 3:07pm Feb 20, 2018 2:54pm | Edited 3:07pm
I understand my error just now, I had not identified a support on H1 and I sold just before this support, big mistake.

However, I think you should not get upset Strat, it is normal that we ask questions in order to better understand the strategy, we are beginners we must not forget.
My teachers would not angry against us students when we did not understand something

M5 is a good strategy as it has many opportunities compared to Daily, and I'm not saying this to be "quick rich", I actually think so and I would continue on my side on M5 because it fits me more.

Take a little rest if it can do you any good, you are really active lately on your forum.
  • #2,467
  • Feb 20, 2018 2:57pm Feb 20, 2018 2:57pm
Oh, Strat, I gotta hand it to you, man, you are amazing! Your way of talking, your expressions, the way you try to teach people... all these are part of your charm (for those who do not get discouraged prematurely). In my country, we have a saying: one kick in the butt is a step forward. Even though it may seem to some that you are aggressive with your words, each of your words are part of the 'step forward' process. What matters is that there are good things to be learned from you. And a couple of nasty expressions, from time to time.

Now, let's get my ass whooped, to get me move forward as well with this M5 thing.

I went long at Strat's trading time. The danger was that the resistance was near, but I still took it, because I had time to monitor it and my plan was to pay attention to what happens at that level. I wish I would have entered sooner, but I was not at my PC. I did not get much off of it, as I got out at about BE, after that DBHLC (or call it BEEB/BEOB)
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  • #2,468
  • Feb 20, 2018 3:08pm Feb 20, 2018 3:08pm
Quoting catalin_eros
Oh, Strat, I gotta hand it to you, man, you are amazing! Your way of talking, your expressions, the way you try to teach people... all these are part of your charm (for those who do not get discouraged prematurely). In my country, we have a saying: one kick in the butt is a step forward. Even though it may seem to some that you are aggressive with your words, each of your words are part of the 'step forward' process. What matters is that there are good things to be learned from you. And a couple of nasty expressions, from time to time. Now,...
Hi Catalin Eros

Excuse me for jumping in but I would like to keep Strat teaching M5 before he loses the will.

Two questions about your post:

Why are you trading for 5 pips?

What is your risk to reward for this trade?
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #2,469
  • Feb 20, 2018 3:23pm Feb 20, 2018 3:23pm
Quoting BeyondTheSea
{quote} Hi Catalin Eros Excuse me for jumping in but I would like to keep Strat teaching M5 before he loses the will. Two questions about your post: Why are you trading for 5 pips? What is your risk to reward for this trade?
Hi!

I was definitely not trading for 5 pips. The trend was up, and in uptrends, resistance gets broken many times. If I didn't get that DBHLC, I would have not exited.

The R:R was about 1:1, from the entry to the first resistance.
  • #2,470
  • Feb 20, 2018 3:34pm Feb 20, 2018 3:34pm
Quoting catalin_eros
{quote} Hi! I was definitely not trading for 5 pips. The trend was up, and in uptrends, resistance gets broken many times. If I didn't get that DBHLC, I would have not exited. The R:R was about 1:1, from the entry to the first resistance.
OK try to look for trades with at least 2 to 1. I'm actively looking for trades at 3, 4 or 5 to 1.

If if the trade isn't there don't trade it. I've learned so much and continue to learn about the trades I avoid, it's less expensive too.

There are plenty of entries every day, hope this helps.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #2,471
  • Feb 20, 2018 4:15pm Feb 20, 2018 4:15pm
USDCAD M5 PASR Trend Trading:


My trades since yesterday and today, manage trades. The trend on my trading pairs are not really impressive, hence my inactive at the MOVING HARD RIGHT EDGE.




Happy Trading,
Yomi.
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Time always comes before price
  • #2,472
  • Edited 5:47pm Feb 20, 2018 4:29pm | Edited 5:47pm
Quoting Pixlab
I understand my error just now, I had not identified a support on H1 and I sold just before this support, big mistake. However, I think you should not get upset Strat, it is normal that we ask questions in order to better understand the strategy, we are beginners we must not forget. My teachers would not angry against us students when we did not understand something M5 is a good strategy as it has many opportunities compared to Daily, and I'm not saying this to be "quick rich", I actually think so and I would continue on my side on M5 because it...
it is normal that we ask questions in order to better understand the strategy, we are beginners we must not forget

I have no problem in answering questions on trading BUT I have a BIG PROBLEM writing the same answer over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over

My teachers would not angry against us students when we did not understand something

Ask your teachers if they enjoy telling you the same answer over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over and over over and over and over over and over and over over and over and over over and over and over over and over and over over and over and over over and over and over over and over and over over and over and over

M5 is a good strategy

Only if you UNDERSTAND PASR

NO MORE M5
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,473
  • Feb 20, 2018 4:34pm Feb 20, 2018 4:34pm
USDCAD M5

Quoting catalin_eros
Oh, Strat, I gotta hand it to you, man, you are amazing! Your way of talking, your expressions, the way you try to teach people... all these are part of your charm (for those who do not get discouraged prematurely). In my country, we have a saying: one kick in the butt is a step forward. Even though it may seem to some that you are aggressive with your words, each of your words are part of the 'step forward' process. What matters is that there are good things to be learned from you. And a couple of nasty expressions, from time to time. Now,...
If you had a Strat Shadow on your chart and UNDERSTOOD how PRICE reacts with the Strat Shadow you would have around 56 pips from where you entered.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,474
  • Feb 20, 2018 4:37pm Feb 20, 2018 4:37pm
USDCAD M5

Quoting catalin_eros
{quote} Hi! I was definitely not trading for 5 pips. The trend was up, and in uptrends, resistance gets broken many times. If I didn't get that DBHLC, I would have not exited. The R:R was about 1:1, from the entry to the first resistance.
If I didn't get that DBHLC, I would have not exited

This is baggage carried over from all your other travels and has NOTHING to do with PASR Trend Trading.... M5, Big Boss or otherwise.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,475
  • Feb 20, 2018 4:57pm Feb 20, 2018 4:57pm
Quoting strat
USDCAD M5 {quote} If you had a Strat Shadow on your chart and UNDERSTOOD how PRICE reacts with the Strat Shadow you would have around 56 pips from where you entered.
But that is the Strat Shadow. I just cannot replicate yours, since I am using MT4.

Quoting strat
USDCAD M5 {quote} If I didn't get that DBHLC, I would have not exited This is baggage carried over from all your other travels and has NOTHING to do with PASR Trend Trading.... M5, Big Boss or otherwise.
Hm, I was under the impression that BEEBs and BEOBs are exit signals in an uptrend when trading your M5 method.

Oh, and to use the proper English, I meant 'If I hadn't gotten that DBHLC...'. I also make English mistakes, not only M5 trading mistakes, so please bear with me!

Thanks for your time!
  • #2,476
  • Feb 20, 2018 5:45pm Feb 20, 2018 5:45pm
Quoting strat
USDCAD M5 {quote} If you had UNDERSTOOD how PRICE reacts with the Strat Shadow you would have around 56 pips from where you entered.
I think I know what you mean: the price was above the shadow on higher rimeframes as well, which makes it ideal for adding positins.
  • #2,477
  • Feb 20, 2018 5:56pm Feb 20, 2018 5:56pm
USDCAD M5

Quoting catalin_eros
{quote} But that is the Strat Shadow. I just cannot replicate yours, since I am using MT4. {quote} Hm, I was under the impression that BEEBs and BEOBs are exit signals in an uptrend when trading your M5 method. Oh, and to use the proper English, I meant 'If I hadn't gotten that DBHLC...'. I also make English mistakes, not only M5 trading mistakes, so please bear with me! Thanks for your time!
But that is the Strat Shadow. I just cannot replicate yours, since I am using MT4.

What, where? I also use MT4. How is it that everyone else on MT4 can add the Strat Shadow? Maybe it is because you have not read the thread?

Hm, I was under the impression that BEEBs and BEOBs are exit signals in an uptrend when trading your M5 method.

Impression is not the same as UNDERSTANDING. We EXIT/Take Profit when we SEE the trend ending

Oh, and to use the proper English, I meant 'If I hadn't gotten that

My, my, you are on your high horse!

""gotten"" is American slang! Proper English is "If I had not got.................."
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,478
  • Feb 20, 2018 6:01pm Feb 20, 2018 6:01pm
USDCAD M5

Quoting catalin_eros
{quote} I think I know what you mean: the price was above the shadow on higher rimeframes as well, which makes it ideal for adding positins.
I think I know what you mean

No, you don't, you have absolutely NO IDEA!

PRICE was above the shadow on higher timeframes

OH NO!!!!!!!!!!!!!!, not another!!!!!!! Are you holding hands with darko?

NO MORE M5
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,479
  • Feb 20, 2018 7:35pm Feb 20, 2018 7:35pm
Quoting strat
CADJPY M5 {quote} Up until this post you had lost your "Clouseau" nickname as Pixlab had taken it. {image}
I kinda like Clouseau...
I agree, there was no actionable M5 trade on CADJPY, so it was an unnecessary post in that regard. As I was writing a post to answer you with why I was trying to make a point, I realized that there is no point to make, so accept my humblest apologies instead.
Keeping it simple is very complex for me, I know it sounds ridiculous. I am really trying to work on that.
  • #2,480
  • Feb 20, 2018 11:34pm Feb 20, 2018 11:34pm
[quote=trogger;10788293][quote=brody55;10788043] ............. note that many are linked - for a reason:................. There has been no change, no shifting of levels , no smoke & mirrors.

.....have planned to enter short at a particular price - the plan has been in place (and in play) for many months..................You should also look at the price targets on the other two positions that remain. They are "conservative" That should tell you that I am not expecting price to "tank". Next week, I will monitor PA and decide how to manage from here.


Haven't even looked at a forex screen since I posted.

Checked today. Second position off.

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No change to plan at this point.
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