Strat's PASR Long Term, Stress Free Trading | Page 144 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MY PASR journey Based on Strat's PASR Trading 76 replies

M5 PASR Trend Trading Strat 95 replies

My PASR Trend Trading Journals 3 replies

A young trader's road to profitability - PASR trading - Live 11 replies

Fibs trading and PASR 0 replies

Attachments: Strat's PASR Long Term, Stress Free Trading
Exit Attachments

Strat's PASR Long Term, Stress Free Trading

  • #2,861
  • Mar 7, 2018 12:19pm Mar 7, 2018 12:19pm
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}
Story of my life this week!!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #2,862
  • Mar 7, 2018 12:20pm Mar 7, 2018 12:20pm
Quoting strat
EURNZD M5 {quote} 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. {image}
Thanks Strat,
PASR in action.
  • #2,863
  • Mar 7, 2018 12:27pm Mar 7, 2018 12:27pm
Quoting strat
GBPCAD {quote} {image}
Thanks
  • #2,864
  • Edited 6:56pm Mar 7, 2018 6:38pm | Edited 6:56pm
Good morning strat. I am sorry that I have been a lurker. I have been reading your old posts. Still a very long way to go.
I do not dare to post because I have no confidence and I feel that I still have inadequate understanding of PASR. Also I am afraid of asking stupid things but I realize that I will have to man it up and ask away stupid questions if I am to improve. First of all, I would like to declare ever since I have been reading your old thread, I have not touched any other indicators. Not that I use them much previously.


Quoting strat
GBPCAD {quote} {image}
anyway, could I ask about the M5 post that you posted in reply to darko. Just to confirm I am not trading or even looking at M5 yet as I know I should not run before I can crawl. But I am hoping to get confirmation on the trades you have marked. In regards to the first 2 arrows of entry, would it not be more ideal for price to close above the areas you highlighted before you entered? I know that you marked SR on H1 and H4. I still have not finished reading you old thread post so the answer might have been in there. Sorry for this stupid question then.

Thanks
  • #2,865
  • Mar 7, 2018 8:41pm Mar 7, 2018 8:41pm
PASR

Quoting garados
Good morning strat. I am sorry that I have been a lurker. I have been reading your old posts. Still a very long way to go. I do not dare to post because I have no confidence and I feel that I still have inadequate understanding of PASR. Also I am afraid of asking stupid things but I realize that I will have to man it up and ask away stupid questions if I am to improve. First of all, I would like to declare ever since I have been reading your old thread, I have not touched any other indicators. Not that I use them much previously. {quote} anyway,...

In regards to the first 2 arrows of entry, would it not be more ideal for price to close above the areas you highlighted before you entered?

Yes if you are inexperienced and still learning PASR; No if you are an experienced PASR trader.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,866
  • Mar 7, 2018 9:02pm Mar 7, 2018 9:02pm
Thank you strat. I will be going back to the old thread now.
  • #2,867
  • Mar 7, 2018 9:27pm Mar 7, 2018 9:27pm
Quoting strat
PASR {quote} In regards to the first 2 arrows of entry, would it not be more ideal for price to close above the areas you highlighted before you entered? Yes if you are inexperienced and still learning PASR; No if you are an experienced PASR trader.

i have a question about that Chart.

In your first entry, ur stoploss is bellow of the recent confirmed swing.

Scenarios:

*If that second candle were a shooting star candle. You get out? Because is created in the Resistance?

---

*When you add position, where is your stoploss now?

-----

*You Take profit is not in the Resistance in the blue rectangle? or in the cadetblue line?

---

Thank you Strat and sorry if this are a retard questions but i want to understand more about it.
  • #2,868
  • Mar 8, 2018 9:03am Mar 8, 2018 9:03am
3 little CAD trades on M5 in a choppy market... Trend PASR
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCAD-5-minutes.png Size: 25 KB
Click to Enlarge Name: GBPCAD-5-minutes.png Size: 23 KB
Click to Enlarge Name: EURCAD-5-minutes.png Size: 21 KB
  • #2,869
  • Mar 8, 2018 9:11am Mar 8, 2018 9:11am
Quoting darko2010
3 little CAD trades on M5 in a choppy market... Trend PASR {image} {image} {image}
nice trades
on GBPCAD you have support at 1.7875 and can exit right there, and I think your green arrow is one candle too late
  • #2,870
  • Mar 8, 2018 9:14am Mar 8, 2018 9:14am
I was too focused on CAD pairs to take EU, too bad, it was textbook clean
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-5-minutes.png Size: 23 KB
  • #2,871
  • Mar 8, 2018 9:17am Mar 8, 2018 9:17am
Quoting bistolis
{quote} nice trades on GBPCAD you have support at 1.7875 and can exit right there, and I think your green arrow is one candle too late
I agree Bistolis, I could have managed these better. I think 3 trades in parallel on the same currency was not wise either, I should have diversified to EU or EJ as well, but the last couple of days have been challenging, at least for me
  • #2,872
  • Mar 8, 2018 9:31am Mar 8, 2018 9:31am
AUDUSD

I didn't take this one either, I really wonder what I was doing at that time because I should have been on it
Just for illustration purposes in case anyone is interested
PS: the drop seems impressive but AU really sucks in terms of volatility, merely 30 pips without add-ons
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD-5-minutes.png Size: 25 KB
  • #2,873
  • Mar 8, 2018 9:33am Mar 8, 2018 9:33am
Quoting darko2010
AUDUSD I didn't take this one either, I really wonder what I was doing at that time because I should have been on it Just for illustration purposes in case anyone is interested {image}
You done really well. well done buddy.

the trades taken show a good eye for the trigger bar's.. so keep going.
It's in fear when people show what they truly value.
  • #2,874
  • Mar 8, 2018 9:37am Mar 8, 2018 9:37am
M5 PASR Trend Trading

Quoting HappyTrend
{quote} i have a question about that Chart. In your first entry, ur stoploss is bellow of the recent confirmed swing. Scenarios: *If that second candle were a shooting star candle. You get out? Because is created in the Resistance? --- *When you add position, where is your stoploss now? ----- *You Take profit is not in the Resistance in the blue rectangle? or in the cadetblue line? --- Thank you Strat and sorry if this are a retard questions but i want to understand more about it.
If you understood PASR Trend Trading you would know the answers so I suggest you read, learn and understand PASR Trend Trading
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,875
  • Mar 8, 2018 9:37am Mar 8, 2018 9:37am
Quoting ensale
{quote} You done really well. well done buddy. the trades taken show a good eye for the trigger bar's.. so keep going.
Thanks Ensale, I just took the CAD pairs in real time, EU and AU are those I wish I took...
Deciding which pairs to trade is hard when offered multiple options, ATR is of course helpful but context sometimes seems to favor less volatile instruments.
  • #2,876
  • Mar 8, 2018 9:51am Mar 8, 2018 9:51am
Quoting darko2010
{quote} Thanks Ensale, I just took the CAD pairs in real time, EU and AU are those I wish I took... Deciding which pairs to trade is hard when offered multiple options, ATR is of course helpful but context sometimes seems to favor less volatile instruments.
agree with you there. Not an easy task. I would keep a smaller watch list until adding more.

London session:
Attached Image


US session:
Attached Image
It's in fear when people show what they truly value.
  • #2,877
  • Mar 8, 2018 10:21am Mar 8, 2018 10:21am
Psychology is 95% of trading.
When I saw the sudden rallye on EU after EU rate announcement at 13:45 CET, the old me would have jumped on the BUY bandwagon
So, I am less stupid than before, BUT I still don't have the courage to call the big boys' bluff with Basic PASR when the opportunity presents itself.
I feel I still need Trend PASR to reassure my little people and I honestly hate myself for it because I took so many stupider trades in the past.
Little by little, I will get there

Again, psychology is 95% of trading

Thanks Strat, really thanks

PS: SUCKER, not SUCKET (what the hell is a SUCKET anyway?)
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY-5-minutes.png Size: 23 KB
  • #2,878
  • Mar 8, 2018 11:33am Mar 8, 2018 11:33am
EURJPY M5

Quoting darko2010
Psychology is 95% of trading. When I saw the sudden rallye on EU after EU rate announcement at 13:45 CET, the old me would have jumped on the BUY bandwagon So, I am less stupid than before, BUT I still don't have the courage to call the big boys' bluff with Basic PASR when the opportunity presents itself. I feel I still need Trend PASR to reassure my little people and I honestly hate myself for it because I took so many stupider trades in the past. Little by little, I will get there Again, psychology is 95% of trading Thanks Strat, really thanks...
Good job, darko - you really are improving - keep working on the 95% that does the damage and you will be fine.

If its any consolation, selling the break of the blue rectangle (resistance) is very aggressive BUT, you would only have had a 15 pip stop loss which is nothing when using this strategy. The entry at the 2nd red arrow is the lowest risk, stress free entry, all be it with a 25 pip stop loss. So, an aggressive entry would give an 8:1 R:R and the low risk, stress free, 3:1 R:R There are also 3 add ons which would have made the aggressive entry 23:1 R:R and the low risk, stress free to 14:1 R:R

Keep doing more and more to gain your experience and develop your trading style.

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 40 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,879
  • Mar 8, 2018 11:49am Mar 8, 2018 11:49am
M5

Quoting darko2010
{quote} Thanks Ensale, I just took the CAD pairs in real time, EU and AU are those I wish I took... Deciding which pairs to trade is hard when offered multiple options, ATR is of course helpful but context sometimes seems to favor less volatile instruments.
You can't decide on which pairs to trade until you know what YOUR style is. Is YOUR style to trade any M5 pair which trends regardless of potential (volatility) or just trade the volatile pairs from my list? Until you know, you will be running around chasing M5 pairs like the proverbial chicken with its nuts cut off!

I have posted my style on M5 but if you are looking to trade any of the 28 pairs available then you are going to need 3, maybe 4 monitors, and maybe an extra set of eyeballs to search all those pairs. Add to that the STRESS this will cause and the likely deterioration in performance.

M5 trading is a double edged sword. The longer you stare at the one eyed monster ""looking"" for trades, the worse your performance becomes. Long term trading really is STRESS FREE and is where the pips are made to "Trade For A Living".
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,880
  • Mar 8, 2018 11:59am Mar 8, 2018 11:59am
Quoting strat
M5 {quote} You can't decide on which pairs to trade until you know what YOUR style is.
Thanks Strat, that's what I am trying to figure out, hence the different approaches I am testing to see what I am more comfortable with.
I inherently am not a fan of M5, too much time required and too much stress even in stress-free setups, but it is a great training exercise to learn.

On that, even though I understand your M5 trend trading strategy, I cannot help but also see the power of 20 coming from higher timeframes. I won't develop more here but it is beautiful.
8 traders viewing now