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Strat's PASR Long Term, Stress Free Trading

  • #2,841
  • Edited 11:31am Mar 6, 2018 11:18am | Edited 11:31am
Update of Dow Jones

H4 Chart

**My trades are closed, again i miss an important H4 Level (Why focus in S&R levels, is because we are inside of the WCC).

** Those 2 line orange is the resistance that i miss.. i should take profit at the first orange level.


Edit: Im going to wait for ur comments for study more before i take a new entry.
Attached Image (click to enlarge)
Click to Enlarge Name: UPDATED AND CLOSED TRADE @US30 (240 Minute) 2018_03_06.png Size: 107 KB
  • #2,842
  • Mar 6, 2018 11:18am Mar 6, 2018 11:18am
Quoting strat
GBPCAD {quote} Request your comment/feedback I can't SEE anything because you have too many lines on your charts. You have more lines than the London Underground! This tells me you did not READ and UNDERSTAND Post 2784
I understand where the price is NOW. I shall modify. Thanks, strat.
  • #2,843
  • Mar 6, 2018 11:23am Mar 6, 2018 11:23am
Now im thinking... Do you like to trade inside of the WCC?
  • #2,844
  • Mar 6, 2018 11:33am Mar 6, 2018 11:33am
Quoting strat
GBPJPY M5 {quote} the second was a loss of 18 pips. A perfect example of ""looking for a trade"" instead of ""SEEING a trade"" Then tonight Tonight? You must be LIVING TO TRADE! PASR traders TRADE TO LIVE. Night time is the time for relaxation with a glass or two of red wine and a good (or bad) woman.
The trick is to find a woman who can be both
  • #2,845
  • Mar 6, 2018 12:03pm Mar 6, 2018 12:03pm
DJI

Quoting HappyTrend
Update of Dow Jones H4 Chart **My trades are closed, again i miss an important H4 Level (Why focus in S&R levels, is because we are inside of the WCC). ** Those 2 line orange is the resistance that i miss.. i should take profit at the first orange level. Edit: Im going to wait for ur comments for study more before i take a new entry. {image}
again i miss an important H4 Level

Nothing to add
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,846
  • Mar 6, 2018 12:05pm Mar 6, 2018 12:05pm
PASR

Quoting HappyTrend
Now im thinking... Do you like to trade inside of the WCC?
Only if I SEE a high probability trade with good R:R
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,847
  • Mar 6, 2018 12:31pm Mar 6, 2018 12:31pm
Hi All,

Taking a trade.

Attached are the charts. GBP CAD
Bigboss: intermediate uptrend in a long term downtrend.
Boss: price has decisively taken an uptrend by breaking the previous HH on 30.4.2017. However price has not closed yet beyond that. Breaking doesn't matter, closing matters.
Worker: price retracing back to the very strong support at 1.78517. on retest of this and with right PASR, I will take a long trade with SL below 150 pips based on ATR. TP1 is 1.8358 (fib 50% on boss). 1:3 RR.

Request your comment/feedback. .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCAD_D.jpg Size: 222 KB
Click to Enlarge Name: GBPCAD_M.jpg Size: 207 KB
Click to Enlarge Name: GBPCAD_W.jpg Size: 199 KB
  • #2,848
  • Mar 6, 2018 1:08pm Mar 6, 2018 1:08pm
GBPCAD

Quoting BeeCee
Hi All, Taking a trade. Attached are the charts. GBP CAD Bigboss: intermediate uptrend in a long term downtrend. Boss: price has decisively taken an uptrend by breaking the previous HH on 30.4.2017. However price has not closed yet beyond that. Breaking doesn't matter, closing matters. Worker: price retracing back to the very strong support at 1.78517. on retest of this and with right PASR, I will take a long trade with SL below 150 pips based on ATR. TP1 is 1.8358 (fib 50% on boss). 1:3 RR. Request your comment/feedback. . {image} {image} {image}...
on retest of this and with right PASR, I will take a long trade with SL below 150 pips based on ATR. TP1 is 1.8358 (fib 50% on boss). 1:3 RR

The theory is correct but you can only trade when you SEE this happen,

Your Stop Loss goes below the last swing low not ATR.

There is an area of resistance at BRN 1.81 to BRN 1.82 which will cause either a wobble or a pull back depending on the action of the Big Boys. This means your R:R will be less.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,849
  • Mar 6, 2018 5:56pm Mar 6, 2018 5:56pm
Quoting strat
GBPCAD {quote} on retest of this and with right PASR, I will take a long trade with SL below 150 pips based on ATR. TP1 is 1.8358 (fib 50% on boss). 1:3 RR The theory is correct but you can only trade when you SEE this happen, Your Stop Loss goes below the last swing low not ATR. There is an area of resistance at BRN 1.81 to BRN 1.82 which will cause either a wobble or a pull back depending on the action of the Big Boys. This means your R:R will be less.
Thanks strat.
  • #2,850
  • Mar 6, 2018 6:05pm Mar 6, 2018 6:05pm
Quoting swiftman
T0038 - EURUSD Long Trade {image} Worker: BUEOB at 63ema and Boss's support. Trading Plan: Lot Size: 3 Entry: 5 pips above setup candle SL: 5 pips below setup candle TP1: ATR(5) = 86 pips TP2: Big Boss resistance at 1.2400 TP3: 1.2500 BRN and highest close of the last worker's swing high. SL will be move to break-even when TP2 is reached. {image} Boss: Price at bottom of the WCC. The distance between Strat Shadow is still increasing. The Primary trend is still UP. {image} Big Boss: Long trend is still up but price at resistance. Last month candle...
Follow up

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 72 KB


TP1 and TP2 reached. The last tranche stop move to break-even.
  • #2,851
  • Edited 3:41am Mar 7, 2018 1:32am | Edited 3:41am
Quoting strat
EURAUD {quote} and the rejection of the strat shadow Your understanding is UPSIDE DOWN, Rub! The Strat Shadow is SUPPORTING PRICE (not rejecting it!) This trade was a bit ambitious, Rub since PRICE is at major resistance. August 2015, January 2016 and February 2016 would have prevented me from entering where you entered. Just because PRICE closes beyond the extremes of a Weekly Control Candle does not mean it is a valid trade - we have to consider other aspects of PASR before entering a trade. The Shooting Star like doji candle yesterday was the...
Thanks strat. I did get stopped out on my trade, but I'll endeavor to post all of my trades in the future. Much better getting feedback like this than trying to muddle out where I went wrong by myself.

RickM is probably trying to trade the first few hours of the London session after work, as his profile says Australia. Though I suspect he can answer this for himself! Personally I've got things I'd rather do than stay up past my bedtime.
  • #2,852
  • Mar 7, 2018 8:10am Mar 7, 2018 8:10am
M5 EURNZD

Things looked a bit choppy this morning London.Took this trade..not sure about the exit.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDcM5.png Size: 71 KB
  • #2,853
  • Edited 11:37am Mar 7, 2018 9:39am | Edited 11:37am
EURNZD M5

Quoting Mick1706
M5 EURNZD Things looked a bit choppy this morning London.Took this trade..not sure about the exit. {image}
All M5 pairs I look at are trendless today so no M5 pips for me but you did good.

Your exit is anywhere in the blue rectangle which is resistance. PASR traders would have exited and taken profit when they saw the two long legged dojis in the red rectangle telling us that the buyers were OUT at the double top.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDcM5.png Size: 43 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,854
  • Mar 7, 2018 9:40am Mar 7, 2018 9:40am
EURUSD

Quoting swiftman
{quote} Follow up {image} TP1 and TP2 reached. The last tranche stop move to break-even.
Good trading, Jason
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,855
  • Mar 7, 2018 11:06am Mar 7, 2018 11:06am
USDJPY M5 39 peanuts

Nothing moving and nothing better to do this morning so thought I would ""SEE" if there are opportunities on the pairs I don't normally look at for M5 action.

USDJPY didn't meet my M5 PASR Trend Trading conditions but, by the time I got to my charts, (7am PST), I saw that PRICE was being supported by the confluence of the Strat Shadow and static support. Enter on PASR and exit on PASR when PRICE fizzled out at resistance.

39 pips in 70 minutes is OK I suppose when there is nothing else to do, but, although R:R is 1:3, it is still a poor Rate of Return on time spent on M5 compared to LONG TERM, STRESS FREE trading.

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 47 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,856
  • Mar 7, 2018 11:15am Mar 7, 2018 11:15am
GBPCAD M5

Damn! I chose the wrong pair! The pip haul could have been 160 + pips instead of the 39 peanuts. That's it then, done on M5 for today.

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 35 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,857
  • Mar 7, 2018 11:42am Mar 7, 2018 11:42am
Quoting strat
PASR {quote} Since I am approaching my third twenty first, I hope there is still time Lots of time left and doing this keeps the wheels between your ears turning and helps fight off Old Timer's Disease! Take your time and ask when you need help. The trouble and strife's grandfather came from Carrick-on-Suir in County Tipperary, and she has a Welsh cousin living in Rosslare.

Renowned fishing river the Suir, if you ever make a visit be sure and bring the fishing rod.
  • #2,858
  • Mar 7, 2018 12:05pm Mar 7, 2018 12:05pm
Quoting strat
GBPCAD M5 Damn! I chose the wrong pair! The pip haul could have been 160 + pips instead of the 39 peanuts. That's it then, done on M5 for today. {image}
Hi Strat,
I assume your 160+ pips would have started outside of the Strat shadow, otherwise I fail to see that total (unless you were adding on). Would you mind explaining where you would have entered?
Thanks
  • #2,859
  • Mar 7, 2018 12:10pm Mar 7, 2018 12:10pm
Quoting Mick1706
{quote} Renowned fishing river the Suir, if you ever make a visit be sure and bring the fishing rod.
In 2010, we visited the house where her grandfather was born and lived until he enlisted in the First World War and then went on to see her cousin. Her Irish relatives told us many stories of living in Carrick-on-Suir, the most memorable of carrying a coffin across the bridge over the Suir in the rain to the Church on the other side. A few of the pallbearers slipped and the coffin nearly ended up floating down the Suir! Apparently the pallbearers had had a few "tipples" before the journey.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,860
  • Mar 7, 2018 12:15pm Mar 7, 2018 12:15pm
GBPCAD

Quoting darko2010
{quote} Hi Strat, I assume your 160+ pips would have started outside of the Strat shadow, otherwise I fail to see that total (unless you were adding on). Would you mind explaining where you would have entered? Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 46 KB
15 YEARS OF PASR ON FOREX FACTORY!
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