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Strat's PASR Long Term, Stress Free Trading

  • #3,281
  • Mar 27, 2018 11:54am Mar 27, 2018 11:54am
Quoting strat
PASR {quote} In my heart of hearts, your approach is the one I feel closest to Trogger No it is not! Wild Thing's style is to identify several entries through PASR analysis of all 3 time frames, place them WITHOUT ANY STOP LOSS and forget them UNTIL they reach his staggered targets. He is the nearest thing in Forex to "Set and Forget". From your postings on here, you do NOT have the trading personality or mentality to trade without a STOP LOSS and SIT through DRAW DOWN. Learn PASR and develop YOUR own trading style and you will be fine, darko.
I didn't realize Trogger didn't use any stop loss at all.
You are right, this is not anywhere near my comfort or even target zone
  • #3,282
  • Edited 12:30pm Mar 27, 2018 12:12pm | Edited 12:30pm
Quoting tintin1
{quote} Nice one Yomi. I have one question where will be your stop loss on these trades 1) below start shadow 0r 2) below 200 EMA Thanks
This depends on the type of your setup/style.

As for me, my style demand that I shouldn't use SL which is more than -25pips on my M5 trading, this is so because of the type of trend I normally look for.

Haven said that, I prefer my SL to be behind the Strat Shadow, for price to go beyond my Strat Shadow, I take this to be invalidation to my setup/trade.

What this means is that I use SL of -25pips on all my M5 trading, but at the same time I prefer it to be at the back of the Strat Shadow for safety.



Happy Trading,
Yomi.
Time always comes before price
  • #3,283
  • Mar 27, 2018 12:54pm Mar 27, 2018 12:54pm
Quoting fxrabbi
{quote} This depends on the type of your setup/style. As for me, my style demand that I shouldn't use SL which is more than -25pips on my M5 trading, this is so because of the type of trend I normally look for. Haven said that, I prefer my SL to be behind the Strat Shadow, for price to go beyond my Strat Shadow, I take this to be invalidation to my setup/trade. What this means is that I use SL of -25pips on all my M5 trading, but at the same time I prefer it to be at the back of the Strat Shadow for safety. Happy Trading, Yomi.
Thanks yomi for the response. I'm not a day trader, so dont trade small time frames. but your consistency with the M5 PASR trend trading caught my eye. hence i asked the question about the stop loss.

I think the strategy comes down to if the price take out an S/R and if that holds take trades with PASR in the 1hr\4hr trend direction

Thanks
  • #3,284
  • Mar 27, 2018 1:22pm Mar 27, 2018 1:22pm
Quoting Rufus
{quote} My candles are off 2 hours. 13.00 corresponds to my 5 am. New York open. I was looking for more US brokers. Looks like pickins are mighty slim. And no... I can't open a chart and immediately see a position, especially this early in the morning, barely had a sip of coffee in. Thanks for looking at my chart. The Strat Shadow is becoming a part of me.
I was looking for more US brokers

This is my current problem. Ever since FXCM was closed to US clients I have been looking for another reliable broker as I need to spread my trading capital between 2 brokers and also so that I can trade both directions.

My requirements for:

Must have MT4
Candles must close at 5pm EST
Must be headquartered in USA
Must be US regulated
Must not charge commission (cost comes out of spread)
Must have low spreads
Must not take the other side of my trades

seem to disqualify most I can find. Any suggestions are welcome.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,285
  • Edited 1:55pm Mar 27, 2018 1:41pm | Edited 1:55pm
Quoting tintin1
{quote} Thanks yomi for the response. I'm not a day trader, so dont trade small time frames. but your consistency with the M5 PASR trend trading caught my eye. hence i asked the question about the stop loss. I think the strategy comes down to if the price take out an S/R and if that holds take trades with PASR in the 1hr\4hr trend direction Thanks

I think the strategy comes down to if the price take out an S/R

yes, but not necessarily. If there is any S/R close to your entry level, yes you wait for it to be clear, otherwise you jump in.



take trades with PASR in the 1hr\4hr trend direction

Strat has said this on several of his posts that H4/H1 trend direction has nothing to do with his M5 PASR Trend Trading, because Price is factual on every timeframes. We only use H4/H1 S/R levels to determine our entry and exit points.




Happy Trading,
Yomi.
Time always comes before price
  • #3,286
  • Mar 27, 2018 1:46pm Mar 27, 2018 1:46pm
Quoting fxrabbi
{quote}[/b][/size] I think the strategy comes down to if the price take out an S/R yes, but not necessarily. take trades with PASR in the 1hr\4hr trend direction Strat has said this on several of his posts that H4/H1 trend direction has nothing to do with his M5 PASR Trend Trading, because Price is factual on every timeframes. We only use H4/H1 S/R levels to determine our entry and exit points. Happy Trading, Yomi.
Ok Thanks Yomi
  • #3,287
  • Mar 27, 2018 2:01pm Mar 27, 2018 2:01pm
Quoting strat
{quote} I was looking for more US brokers This is my current problem. Ever since FXCM was closed to US clients I have been looking for another reliable broker as I need to spread my trading capital between 2 brokers and also so that I can trade both directions. My requirements for: Must have MT4 Candles must close at 5pm EST Must be headquartered in USA Must be US regulated Must not charge commission (cost comes out of spread) Must have low spreads Must not take the other side of my trades seem to disqualify most I can find. Any suggestions are...
Along this line what is best broker and platform to use for FX trading. currently i dont have any Fx accounts. Any suggestions?

Thanks
  • #3,288
  • Mar 27, 2018 2:08pm Mar 27, 2018 2:08pm
Quoting tintin1
{quote} Along this line what is best broker and platform to use for FX trading. currently i dont have any Fx accounts. Any suggestions? Thanks
In the USA there are very few now. Kind of concerning to me.

Since the Swiss Franc debacle then FXCM getting kicked out then tighter regulations I don't like what's happening.

Canada is 100 miles from me...
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,289
  • Edited 3:49pm Mar 27, 2018 2:39pm | Edited 3:49pm
GBPAUD M5 PASR Trend Trading:


Bonus trade, although out of my trading hour but can't take my eyes off these +129.8pips stress free trading.




Happy Trading,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM5.png Size: 35 KB
Time always comes before price
  • #3,290
  • Mar 27, 2018 3:11pm Mar 27, 2018 3:11pm
Quoting fxrabbi
GBPAUD M5 PASR Trend Trading: Bonus trade, although out of my trading hour but can't take my eyes off this +129.8pips stress free trading. Happy Trading, Yomi. {image}
Amazing Yomi
  • #3,291
  • Mar 27, 2018 3:58pm Mar 27, 2018 3:58pm
Quoting strat
PASR {quote} Post 7946 on my "old" original thread is what Jideck is referring to
Thank you Sir

Emeka
  • #3,292
  • Mar 27, 2018 4:34pm Mar 27, 2018 4:34pm
Quoting 2hpriest
{quote} Thank you Sir Emeka
Hi Strat,
Just checked your post 7946 in the old thread as you suggested/
It was a piece you did on how to SEE BEYOND THE CANDLES.
OK, I’m bored and trying to look busy so that the BOSS doesn’t get me to go shopping with her (Ugh!).
I’ve been looking at Indicator Threads here on FF and other various forums and was going to do a few posts on how stupid their squiggly wiggly lines make their analysis but realized that was negative. Instead I want to focus on the positive so let’s look at how we “SEE BEYOND THE CANDLES”
I already have that post archived on my laptop.
Thank you
Emeka
  • #3,293
  • Edited Mar 28, 2018 2:36am Mar 27, 2018 5:12pm | Edited Mar 28, 2018 2:36am
Quoting strat
{quote} I was looking for more US brokers This is my current problem. Ever since FXCM was closed to US clients I have been looking for another reliable broker as I need to spread my trading capital between 2 brokers and also so that I can trade both directions. My requirements for: Must have MT4 Candles must close at 5pm EST Must be headquartered in USA Must be US regulated Must not charge commission (cost comes out of spread) Must have low spreads Must not take the other side of my trades seem to disqualify most I can find. Any suggestions are...
Have you tried Interactive Brokers? They do charge a commission but their spreads are the tightest I have seen and make up for it
  • #3,294
  • Mar 27, 2018 7:39pm Mar 27, 2018 7:39pm
Hi,

Another PASR trade on USD JPY, as always views are welcome, and will help me gain more knowledge and experience in my journey of PA.

BB : Trend is down, and 20 and 63 ma are showing curve downwards.

B: MA Crossover had occurred, 20 is below 63 and are widening showing the strength of the downwards trend. This week price is trying to give a weak pullback (candle still not closed ). Overall trend is down .

W: Price approaches the Strat shadow on 27 Mar Candle and we can see rejection from 20 MA. This also confluence with the resistance level of the last Lower low.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 64 KB


I have placed a sell order few pips below the 27 Mar Candle , with a stoploss few pips above the high. First target is nearest support at 104.138 on daily.

Thanks
  • #3,295
  • Mar 27, 2018 11:13pm Mar 27, 2018 11:13pm
Quoting maxleecool
Hi, Another PASR trade on USD JPY, as always views are welcome, and will help me gain more knowledge and experience in my journey of PA. BB : Trend is down, and 20 and 63 ma are showing curve downwards. B: MA Crossover had occurred, 20 is below 63 and are widening showing the strength of the downwards trend. This week price is trying to give a weak pullback (candle still not closed ). Overall trend is down . W: Price approaches the Strat shadow on 27 Mar Candle and we can see rejection from 20 MA. This also confluence with the resistance level of...
Go a few pages back and read what Strat has to say about trading MAs. We do not trade moving averages or their crossovers. Add Strat shadow to your charts and read how to use it. Talking from my own experience!
  • #3,296
  • Mar 28, 2018 12:34am Mar 28, 2018 12:34am
Anyone for the smack you in the face obvious dumb thing I did on this trade? Stopped out, but my other two trades are still running.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYDaily.png Size: 48 KB
  • #3,297
  • Mar 28, 2018 3:07am Mar 28, 2018 3:07am
GBPUSD 5M
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-5-minutes.png Size: 24 KB
  • #3,298
  • Mar 28, 2018 3:24am Mar 28, 2018 3:24am
Quoting Rub
Anyone for the smack you in the face obvious dumb thing I did on this trade? Stopped out, but my other two trades are still running. {image}
Rub,

I think you sold into support (WCC). Sellling into support and buying into resistance accounted for 99% of my losses, so this is a topic I am highly sensitive to.
Hope this helps
D
  • #3,299
  • Mar 28, 2018 5:19am Mar 28, 2018 5:19am
Quoting darko2010
{quote} Rub, I think you sold into support (WCC). Sellling into support and buying into resistance accounted for 99% of my losses, so this is a topic I am highly sensitive to. Hope this helps D
Close enough to what I was looking at. Reckon I sold into big boss support. Still a long way to go, but I do know I'm getting better.

EDIT: That was a damn nice 5 min trade you took there!
  • #3,300
  • Mar 28, 2018 5:32am Mar 28, 2018 5:32am
Quoting Rub
{quote} That was a damn nice 5 min trade you took there!
Thanks, but believe me, I wish I could trade on higher TFs but I am working on it. Baby steps...
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