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Strat's PASR Long Term, Stress Free Trading

  • #2,541
  • Feb 23, 2018 10:45am Feb 23, 2018 10:45am
Hi Strat,

Just a quick note to say hi and let you know I am done trading M5.
When you really, really look at charts, the serious action happens when the Boss and Worker get into action (with the blessing of the BB). The M5 or any other lower than daily TF is just a consequence of that. So why extinguish oneself trying to catch sub-sequences of real moves intraday while you can adapt your trading to the real rhythm of the market?

This is only wishful thinking at this stage as I need to pace myself and adapt my MM and SL management accordingly but the intention is here.
Be well
  • #2,542
  • Feb 23, 2018 11:13am Feb 23, 2018 11:13am
USDJPY

Quoting BaliuxXx
{quote} Strat, the examples like this are very informative and useful. Thank you. You exited on A because of inside bar at support. When you re-entered on 4 and added on 5 wasn't it trading into support? I know that trending price breaks through support some time, but were those trades in normal size or smaller? Did you have a plan to exit at that support again if PA occurs? Thanks.
You exited on A because of inside bar at support.

Yes. Exited because PRICE was at support

When you re-entered on 4 and added on 5 wasn't it trading into support?

You should know this from your time on the private website, Donatas! PRICE was a BEEB being rejected by the Strat Shadow in the direction of the DOWN trend signalling the end of that pull back. 5 & 6 are Dr. Joe entries.

were those trades in normal size or smaller?

Normal trend add on size

Did you have a plan to exit at that support again if PA occurs?

No, the PLAN was to EXIT at major support.

How is married life treating you, Donatas?

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,543
  • Feb 23, 2018 11:18am Feb 23, 2018 11:18am
PASR

Quoting Hercs
{quote} ======= Thanks for your reply Strat; much appreciated. We were taught all the wrong things in the book and that we realised after we started losing our boots and so a couple of my friends and I decided to do research and to see where we can improve; I for one was not good on higher TFs and thanks to a gentleman "iTrader" I managed to learn a lot about longer TFs and that was until one of my close friends Gerhard, happened upon you and the rest is history as we have ploughed ourselves into your Thread. As you have mentioned before, it is...
Gerhard can speak for himself

When will he come out of the woodwork?

If you are doing it systematically and logically, you might want to study BeeCee's posts as he is doing exactly that.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,544
  • Feb 23, 2018 11:21am Feb 23, 2018 11:21am
EURJPY M5 PASR Trend Trading:



1st trade reached TP of 25pips.
2nd trade couldn't reach TP of 50pips, I had to close it due to my EOD (End of Day), which happen to be London close.





Happy Trading/Weekend,
Yomi.
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Time always comes before price
  • #2,545
  • Feb 23, 2018 11:22am Feb 23, 2018 11:22am
PASR

Quoting Rub
{quote} Thank you strat. A big part of why I was happy to find this thread was feedback like this, to know I'm on the right track (or not!) of identifying where I'm going wrong and right. Still slugging away at the old thread slowly, a few pages at a time, let it digest, then a few more. It's funny, I was just reading something about criticism. Short version was this: even if you hate the source there's no need to react straight away, walk away, think about it and act to improve if it's valid. Having just read the last couple of pages about lurkers,...
even if you hate the source there's no need to react straight away, walk away, think about it and act to improve if it's valid.

This is exactly why I count to 10 (well 100 now!) before replying. The situation is always better after you have rid yourself of your emotions.

As I have posted to others, you might want to follow BeeCee's posts.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,546
  • Feb 23, 2018 11:30am Feb 23, 2018 11:30am
DOW

Quoting HappyTrend
{quote} Then looking to that Support, isnt worth take the short entry because the R:R is bad? Or u would take it and take profit in the next support?
I would not have taken that short trade because:

(1) the entry candle is too long showing sellers ""may"" be over extended

(2) support is too near meaning you are trading into support

(3) your RISK to reward is upside down - 3 x RISK for 1 reward

You REALLY REALLY need to read this story and APPLY it:


https://www.forexfactory.com/attachm...1&d=1519402453
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,547
  • Feb 23, 2018 11:31am Feb 23, 2018 11:31am
A nice example of not to Trade eh! Buyers and Sellers Everywhere!

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  • #2,548
  • Feb 23, 2018 11:41am Feb 23, 2018 11:41am
Quoting strat
DOW {quote} I would not have taken that short trade because: (1) the entry candle is too long showing sellers ""may"" be over extended (2) support is too near meaning you are trading into support (3) your RISK to reward is upside down - 3 x RISK for 1 reward You REALLY REALLY need to read this story and APPLY it: {image}

Yes, too many years ago i read a book about the story hehe. I understand 100% and I Agree and is not only about Trading... is everything in Life. Thank you and have a nice weekend.
  • #2,549
  • Feb 23, 2018 11:48am Feb 23, 2018 11:48am
PASR

Quoting darko2010
Hi Strat, Just a quick note to say hi and let you know I am done trading M5. When you really, really look at charts, the serious action happens when the Boss and Worker get into action (with the blessing of the BB). The M5 or any other lower than daily TF is just a consequence of that. So why extinguish oneself trying to catch sub-sequences of real moves intraday while you can adapt your trading to the real rhythm of the market? This is only wishful thinking at this stage as I need to pace myself and adapt my MM and SL management accordingly but...
let you know I am done trading M5

If only I could get my hair back!

The M5 or any other lower than daily TF is just a consequence of that.

Yes and No but that is the subject of a more advanced discussion

action happens when the Boss and Worker get into action (with the blessing of the BB)

Is this a penny dropping/light bulb on moment? Almost right - when the Big Boss, Boss and Worker are all in harmony. It's all explained in the Power of Time Frames.

I need to pace myself

No you need to read, learn and understand from Post 1 on my "old" original thread and not move onto the next topic until you can demonstrate you have understood the previous topic.

adapt my MM and SL management accordingly

Good and this is easily done and is not the big problem that everyone makes out.

Notice there are no words in CAPITALS - specially for you!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,550
  • Feb 23, 2018 11:54am Feb 23, 2018 11:54am
Quoting strat
Yes. Exited because PRICE was at support
Thanks, for replay, Strat. Makes things clearer.

Quoting strat
How is married life treating you, Donatas?
Nothing special, she still gives me some time to drink a glass of beer
  • #2,551
  • Feb 23, 2018 11:58am Feb 23, 2018 11:58am
Quoting strat
GBPAUD & GBPNZD M5 {quote} Excellent! You have come such a LONG WAY since your 1st post on here. Had I been trading London on GBPAUD, I would have taken the exact same entries and exit. You can't beat being told by the chart when to exit eh? Same for GBPNZD Looks like you will have to trade in your wheel barrow for an oversize truck to take your pips to the bank!
Thanks Strat. Looking forward to learning more next week!

Cheers a few more behind the bar for you..
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #2,552
  • Feb 23, 2018 11:58am Feb 23, 2018 11:58am
EURJPY M5 PASR Trend Trading

Quoting fxrabbi
EURJPY M5 PASR Trend Trading: 1st trade reached TP of 25pips. 2nd trade couldn't reach TP of 50pips, I had to close it due to my EOD (End of Day), which happen to be London close. Happy Trading/Weekend, Yomi. {image}
Good job, Yomi. You, Saad007 and BeyondTheSea have really got the hang of this.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,553
  • Feb 23, 2018 12:17pm Feb 23, 2018 12:17pm
Quoting strat
EURJPY M5 PASR Trend Trading {quote} Good job, Yomi. You, Saad007 and BeyondTheSea have really got the hang of this.
Thank you, the Great One.

I'm planning to add H1 PASR Trend Trading.

Any suggestions.
Time always comes before price
  • #2,554
  • Feb 23, 2018 12:21pm Feb 23, 2018 12:21pm
Quoting HappyTrend
A nice example of not to Trade eh! Buyers and Sellers Everywhere! {image}
Not a trend in sight. Please always post the name of the financial instrument.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,555
  • Feb 23, 2018 12:38pm Feb 23, 2018 12:38pm
PASR H1

Quoting fxrabbi
{quote} Thank you, the Great One. I'm planning to add H1 PASR Trend Trading. Any suggestions.
Thank you but I am not "The Great One" - "The Great One" got hung on a cross. I am just a mere mortal.

I have never been successful trading H1 - probably because I never devoted enough time to study it as I do my other time frames. What I can tell you is that it is nothing like M5 and is more like the Worker.

From what I did learn on studying H1 is that you need to do the 3 time frame analysis - the Worker will be your "Big Boss", H4 will be your "Boss" and H1 is your trading chart. Trade the swings on the Worker (sometimes H4 if you have a "saw tooth" trend). Having identified an entry on H1 you can drop down to M15 to fine tune it (don't use M30). Other than that, the rest is just PASR

Hope this helps. Let me know any questions.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,556
  • Feb 23, 2018 12:52pm Feb 23, 2018 12:52pm
Quoting strat
PASR H1 {quote} Thank you but I am not "The Great One" - "The Great One" got hung on a cross. I am just a mere mortal. I have never been successful trading H1 - probably because I never devoted enough time to study it as I do my other time frames. What I can tell you is that it is nothing like M5 and is more like the Worker. From what I did learn on studying H1 is that you need to do the 3 time frame analysis - the Worker will be your "Big Boss", H4 will be your "Boss" and H1 is your trading chart. Trade the swings on the Worker (sometimes H4 if...
Thank you for the feedback, it well appreciated. I will see how it goes from next month, God willing.


Happy weekend All,
Yomi.
Time always comes before price
  • #2,557
  • Feb 23, 2018 3:07pm Feb 23, 2018 3:07pm
EURGBP

PRICE going into its 24th WEEK of being trapped inside the Weekly Control Candle!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,558
  • Feb 23, 2018 3:12pm Feb 23, 2018 3:12pm
EURNZD

PRICE going into its 11th week of being trapped inside a Weekly Control Candle
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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,559
  • Feb 23, 2018 3:14pm Feb 23, 2018 3:14pm
EURUSD

PRICE going into its 5th week of being trapped inside a Weekly Control Candle

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,560
  • Feb 23, 2018 3:16pm Feb 23, 2018 3:16pm
GBPAUD

PRICE going into its 4th week of being trapped inside a Weekly Control Candle

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15 YEARS OF PASR ON FOREX FACTORY!
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