Strat's PASR Long Term, Stress Free Trading | Page 154 | 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

  • #3,061
  • Mar 16, 2018 1:27pm Mar 16, 2018 1:27pm
GBP/CAD

Currently 100 pips in profit. I'm a little worried about this trade however as it's very extended. A better entry would have been the day before I entered although that was at monthly resistance which is why I was reluctant to enter.

BB - Bullish for the last 6 months. Last month just closed above the shadow although that was at resistance from April 2017. This month so far has crashed through that so bullish.
Boss - Entered 3rd week inside WCC although big SS last week appeared bearish as at monthly support.We are still well above the strat shadow however and extended so caution advised.
Worker - Monday put in a BUEB above the WCC resistance. This was however at monthly resistance also so I didn't enter. Especially after seeing the big SS on the weekly chart. The following day however a big bullish candle closed above both resistance levels and also the BRN 1.800. I placed an entry above the high of that candle which was hit yesterday and continues upward.

Stop loss is below the monthly support and also the top of the strat shadow.
First target is just below the new monthly resistance at 1.85471.
Again this is a risky trade as the R:R is not good which is because I entered when it was very extended after a big move. This evening I will move my SL to B/E on this one to please rule #1 and preserve my capital. If it goes it goes and if not I lose nothing.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 87 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 98 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 88 KB
Study enough and it all starts looking like the Matrix...
  • #3,062
  • Mar 16, 2018 1:27pm Mar 16, 2018 1:27pm
GBPAUD 260+ pips running

Quoting samsonwebdes
GBP/AUD I took this trade yesterday morning (triggered off a buy order placed the night before). I was looking for long entries due to the boss being above the strat shadow and holding towards the top of the WCC for many weeks. Currently 260+ pips in profit. Big Boss - in an uptrend for the last 6 months. Boss - Entered it's 6th week inside the WCC. My entry was above the close of last weeks candle. Worker - Closed above the strat shadow with a bullish candle. The previous day was a BUEB off the bottom of the strat shadow but I didn't want to enter...
Good job. Just make sure you check your R:R each time you SEE a trade
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,063
  • Mar 16, 2018 1:36pm Mar 16, 2018 1:36pm
GBP/JPY

Finally to end on a trade in the hole at the moment and an unsure one as we're putting in some long tails showing buyers may be taking control.
Currently only about 40 pips in loss.

BB - Has been bullish for many months but last month put in a big BEEB off resistance and also strat shadow resistance.
Boss - closed below strat shadow 2 weeks ago and is entering 2nd week inside that WCC. My entry was in the middle of the WCC which is not great.
Worker - I entered a trade yesterday morning after entering an order the night before below the low of the previous days candle. The reason for this was I am expecting a rejection of the 200MA which is also at resistance from 18th-21st Feb (no line on chart, sorry). As that candle closed as an inside bar in hindsight this was a poor entry. Yesterday closed bullish and today looks as though it will do the same. This evening if price is closing above my entry I will move my stop tighter just above the 200MA to preserve capital if it goes against me.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 97 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 99 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 94 KB
Study enough and it all starts looking like the Matrix...
  • #3,064
  • Mar 16, 2018 1:39pm Mar 16, 2018 1:39pm
Money Management

Very well done, this week, Samson

Since you have trades on many similar pairs I hope you are exercising good Money Management techniques and not exceeding your overall RISK.

Many thanks for posting. I am sure you are an inspiration for others trying to learn PASR.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,065
  • Mar 16, 2018 1:44pm Mar 16, 2018 1:44pm
GBPJPY

Quoting samsonwebdes
GBP/JPY Finally to end on a trade in the hole at the moment and an unsure one as we're putting in some long tails showing buyers may be taking control. Currently only about 40 pips in loss. BB - Has been bullish for many months but last month put in a big BEEB off resistance and also strat shadow resistance. Boss - closed below strat shadow 2 weeks ago and is entering 2nd week inside that WCC. My entry was in the middle of the WCC which is not great. Worker - I entered a trade yesterday morning after entering an order the night before below the...
Hang in there, TRADE YOUR PLAN to SHUT the Little People up. There will have to be BIG Demand to push PRICE up through all that resistance and consolidation.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,066
  • Mar 16, 2018 1:44pm Mar 16, 2018 1:44pm
Quoting strat
This Week's trades 800+ pips running in my P&L {quote} Excellent Samson! You have come on in leaps and bounds. I've not had a lot of time to post due to work commitments and family unfortunately. Never sacrifice family for trading - there is nothing more important than family I have been only checking in on my charts twice a day That's once too many. We are End of Day traders so we ONLY check at the END of the Trading Day in New York 5pm EST. That is not keeping your Little People happy and, in fact, is waking them up. There are many examples in...
Thank you for the feedback Strat.
I feel this week I've turned a corner, the lighbulb has come on, any other metaphores to with with getting it!
There are still many mistakes and probably a smattering of luck in there but I'm trading when I see opportunities and have had 2 days this week where I didn't take anything as it wasn't there leaping out at me.
I've also been placing orders in the market above/below closing prices and that has been a massive lightbulb for me. This seems to eliminate a lot of drawdown on day 1 which really helps me with confidence.

anyway I shall await any feedback on the trades but right or wrong I'm well in profit with money already banked so must be doing something right at last. It's only a week and we have 2 more to go so still running this months marathon.
Study enough and it all starts looking like the Matrix...
  • #3,067
  • Mar 16, 2018 1:51pm Mar 16, 2018 1:51pm
Quoting strat
GBPJPY {quote} Hang in there, TRADE YOUR PLAN to SHUT the Little People up. There will have to be BIG Demand to push PRICE up through all that resistance and consolidation.
Understood. Trade the plan unless it looks wrong then get out.
At the moment it looks OK but not wrong so I'll leave my stop where it is. First target on that trade is weekly support at 145 area. Plan is to take a partial profit there and hopefully ride down to the monthly support all the way down at 128. It's an ambitious target I think and there may well be little people demanding more profit in the bank before we get there. Namely at around the 139.300 area. Time and price will tell me though.
Study enough and it all starts looking like the Matrix...
  • #3,068
  • Mar 16, 2018 2:24pm Mar 16, 2018 2:24pm
Quoting strat
EURNZD M5 PASR TREND TRADING {quote} Good job, Mick. Looks like it was a good day!
Yes Strat, all thanks to the expert tuition.
  • #3,069
  • Mar 16, 2018 3:11pm Mar 16, 2018 3:11pm
Quoting samsonwebdes
{quote} Thank you for the feedback Strat. I feel this week I've turned a corner, the lighbulb has come on, any other metaphores to with with getting it! There are still many mistakes and probably a smattering of luck in there but I'm trading when I see opportunities and have had 2 days this week where I didn't take anything as it wasn't there leaping out at me. I've also been placing orders in the market above/below closing prices and that has been a massive lightbulb for me. This seems to eliminate a lot of drawdown on day 1 which really helps...
anyway I shall await any feedback on the trades

I will hold back on the rest to encourage others to give feedback.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,070
  • Mar 16, 2018 4:50pm Mar 16, 2018 4:50pm
Quoting strat
AUDJPY H1 {quote} There is nothing better, (except Fat City), than entering a trend and then ADDING ON to that trend. Well done!
Thanks Strat, another really good learning week for me. More work to be done on my weaknesses which I've now acknowledged.. Going to get a another run of TITZ on YouTube and drain the Kindle again ( hope the missus doesn't read this, she'll never get it! ).
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #3,071
  • Mar 16, 2018 6:07pm Mar 16, 2018 6:07pm
Quoting samsonwebdes
GBP/JPY Finally to end on a trade in the hole at the moment and an unsure one as we're putting in some long tails showing buyers may be taking control. Currently only about 40 pips in loss. BB - Has been bullish for many months but last month put in a big BEEB off resistance and also strat shadow resistance. Boss - closed below strat shadow 2 weeks ago and is entering 2nd week inside that WCC. My entry was in the middle of the WCC which is not great. Worker - I entered a trade yesterday morning after entering an order the night before below the...
I wouldn't be too discouraged on the worker chart, to me the last couple of candles have made lower lows. Makes me think the sellers are still pushing price lower and buyers can't muster enough omph to push it back up.

As strat mentioned the main thing that leaped out at me was you seem to be trading effectively the same trade with a few of those pairs (e.g GBP/AUD and EUR/AUD) so I'd hope your keeping and good eye on your risk. Strat posted something from his old site recently about probabilities, personally I would pick the best looking pair out of GBP/AUD, EUR/AUD, AUD/JPY and risk my % on that as I see it as a better probability of success. You might like to spread it out over the three, regardless you certainly seem to get identifying trades better than I am!
  • #3,072
  • Mar 16, 2018 9:34pm Mar 16, 2018 9:34pm
I have spent A LOT of time reading through the two threads and web site these past two weeks. My thinking next week is to start taking some smaller positions with PASR.

About 30 new posts each day here plus all the 1000's of posts previous has been a handful. I like what I am seeing. Very thought through and logical.

So anyway next week you should start seeing a little more of me.

Have a super weekend all.

I'll be messing with these guys most of my weekend. One with a banged up eye, another with a sore foot.

Attached Image (click to enlarge)
Click to Enlarge Name: Darlynn.jpg Size: 92 KB


This is Darlynn. One of the kindest horses I have ever seen. We use her as a therapy horse for a lot of troubled kids.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,073
  • Mar 16, 2018 11:08pm Mar 16, 2018 11:08pm
Quoting strat
GBPCAD {quote} Make sure you understand ATR and what it means in the context of trading and setting a Stop Loss. Have you read the discussion by BeeCee and Yoki on this pair?

Yes, but practicing is going to make me asking you those things.... Because i want to confirm everything that im watching and learning... i dont want to interpret the thing in the wrong way.

But now i dont know if this was a good trade or not, if yes, why? if not, is because that resistance and i should wait for the cross of the candle above of it?

I have other Trades open that tomorrow im going to try to post. All of them already are in profit (funny.. because i just open my charts about 10 minutes before the new candle and i close it about 10minutes after the new candle, and thats it... That is the real Stress Free? Because i need to wait 24hrs for a new candle haha)

I have been busy with my intraday trading and in the afternoon doing local things. Tomorrow im going to try to have a space for post my trades, that im kinda sure that is going to be wrong because im new in this yet, but i wish i have all ur comments posible.

Thank you Strat.
  • #3,074
  • Mar 17, 2018 4:33am Mar 17, 2018 4:33am
Quoting Rub
{quote} I wouldn't be too discouraged on the worker chart, to me the last couple of candles have made lower lows. Makes me think the sellers are still pushing price lower and buyers can't muster enough omph to push it back up. As strat mentioned the main thing that leaped out at me was you seem to be trading effectively the same trade with a few of those pairs (e.g GBP/AUD and EUR/AUD) so I'd hope your keeping and good eye on your risk. Strat posted something from his old site recently about probabilities, personally I would pick the best looking...
Hi Rub,

Good point about the lower lows. I'll wait and see what price does. If it turns into a loss so be it but still looks overall bearish to my eyes at the moment.

It's a good point about exposing myself on the pairs. At the moment I'm jumping in on opportunities as I see them and not paying too much attention to the pairs and correlations. It's something I need to work on and reduce my position sized possibly.
The problem is I don't take the trades at the same time and it's hard to NOT jump in when it looks like a good setup for me. I think the solution is to reduce the position size on an existing trade in the same currency if I want to take another trade. That way I'm hopefully bagging a little profit by closing half the position and reducing exposure.
One of the many balls to juggle on the path.
Study enough and it all starts looking like the Matrix...
  • #3,075
  • Mar 17, 2018 4:51am Mar 17, 2018 4:51am
Quoting samsonwebdes
{quote} Hi Rub, Good point about the lower lows. I'll wait and see what price does. If it turns into a loss so be it but still looks overall bearish to my eyes at the moment. It's a good point about exposing myself on the pairs. At the moment I'm jumping in on opportunities as I see them and not paying too much attention to the pairs and correlations. It's something I need to work on and reduce my position sized possibly. The problem is I don't take the trades at the same time and it's hard to NOT jump in when it looks like a good setup for me....
There's a few different way to tackle it. Keeping overall risk the same, e.g. 1% on 3 pairs instead of 3% on one, or if you want to take another trade a couple of days later maybe you can put one to break even.

There was an excellent money management post I found somewhere a couple of years ago that ran down fixed fraction vs. fixed percentage vs. optimal f and a couple of others. Wish I could find it again!
Risk management is very much a topic entire books have been written about. End of the day though you've got to find what you're comfortable with.

EDIT: maybe have a look at your recent trades and try to see what made the best ones, then try to be more selective. I know sometimes I'll notice one currency being weak like CAD recently. Probably worth bearing in mind you're trading the relative strength of a currency pair. Hope that's got my thinking through clearly.
  • #3,076
  • Mar 17, 2018 8:50am Mar 17, 2018 8:50am
Quoting strat
AUDJPY D1 & H1 {quote} Nice, Terry. Strong support at BRN 82 zone. Traders need to watch that for PASR CAD $ - What is the sentiment/funnymentals up there with your CAD $?
CAD sentiment up here is slightly bearish to neutral. It seems we should see short term further weakness. One of the current issues is the NAFTA (North American Free Trade Agreement) negotiations with the US creating uncertainty. Dealing with Trump's administration is a nigtmare.

Have a good weekend

Regards
Terry
  • #3,077
  • Mar 17, 2018 10:07am Mar 17, 2018 10:07am
PASR

Quoting Rufus
I have spent A LOT of time reading through the two threads and web site these past two weeks. My thinking next week is to start taking some smaller positions with PASR. About 30 new posts each day here plus all the 1000's of posts previous has been a handful. I like what I am seeing. Very thought through and logical. So anyway next week you should start seeing a little more of me. Have a super weekend all. I'll be messing with these guys most of my weekend. One with a banged up eye, another with a sore foot. {image} This is Darlynn. One of the kindest...
Welcome Rufus (and your horses)
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,078
  • Mar 17, 2018 5:59pm Mar 17, 2018 5:59pm
[quote=strat;10837655]PASR {quote}{quote} Hang in there, Brody! You are not the first, and you will not be the last to feel like this. I could write a book on the number of times I went through the same emotions. A summary of what got me to be where I am now is:

A belated Thanks very much Strat for your advice and encouragement..
i've taken your Smart approach.. i do review my journal every 2 weeks..i'm still only at about page 250 on the old thread, it takes a lot of time to study the old charts, and then flick back on my charts..plus most of the time it's a waste of time..the pa depending on broker source is different...
Samson posted his excellent charts...but mine look nothing like it for the pa.. there were no trading opportunities..that's ok..thats experience, in not getting frustrated about opportunities...
already the posting populus has changed...a few pips and they dissapear... lol
Thank you sir...
  • #3,079
  • Mar 17, 2018 10:19pm Mar 17, 2018 10:19pm
Hi Strat,

Subscribed! looks lot to learn.(and happy to do it) I have tried to follow another method previously with much interest, But It seams no one teach it right now. also I was going through your page last couple of days and seams its time to subscribe.Hope I could achieve my goals in the long haul.My salute to you sir for what you doing here.

Suran
Focus, Patience, Discipline, Determination and Perseverance
  • #3,080
  • Mar 18, 2018 3:52am Mar 18, 2018 3:52am
Quoting strat
This Week's trades 800+ pips running in my P&L {quote} Excellent Samson! You have come on in leaps and bounds. I've not had a lot of time to post due to work commitments and family unfortunately. Never sacrifice family for trading - there is nothing more important than family I have been only checking in on my charts twice a day That's once too many. We are End of Day traders so we ONLY check at the END of the Trading Day in New York 5pm EST. That is not keeping your Little People happy and, in fact, is waking them up. There are many examples in...
Hi Strat.

Quick question regarding charts and checking them once a day. You mentioned in your reply to me checking my daily charts twice a day is once too many which I understand.
You also say the time to check is 5PM EST when the US session ends which again makes perfects sense as the majority of the action is over UK and US sessions.
Being in the UK and with a UK broker my candles close at midnight UK time. So my candles look different to those in other parts of the world and while maybe not massively different they are different none the less.
I've got into the habit of looking at my charts and taking/analysing trades and placing orders in the market around 10PM UK time which is 5PM US.

Long winded explanation but the question is would you advise getting a US broker demo account that had candles closing at the US close?
If so which one offers that.
Is there any benefit to me?

The reason I ask has become clear when I posted a few of my trades from this week.
When I took the trades at 10PM ish or entered the orders the candles had not closed on my chart. When I checked the trades in the morning the candles that were now closed actually didn't always show what I had seen and reacted to at 10PM. Asian session changed the actual candle with my broker.
i.e. I could see a BEEB at 10:10pm and then when I look in the morning it's actually closed at midnight as an inside bar.
Can make the doubt creep in in my mind about the trade moving forward.

Just wondering if there is an advantage to singing from the same hymn sheet as you are regarding charts. I also hate those Sunday candles my broker insists on putting in with 2 hours action!
Study enough and it all starts looking like the Matrix...
21 traders viewing now