Strat's PASR Long Term, Stress Free Trading | Page 168 | 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

  • #3,341
  • Mar 29, 2018 10:44am Mar 29, 2018 10:44am
GBPJPY

Quoting Rub
With a public holiday tomorrow and the london session going, I had a look at the 5 minute charts while I wait for my night take off. Took this, then saw the news for GBP on the front page of forexfactory so I closed it for a small profit. I had support at 1.9460, and it had to get through the round number to get there. Think I like day charts better at the moment. Much more time to think through what I'm doing and I don't have to watch the bloody thing, but I can see the use for training your eye on shorter timeframes. {image}
Until you know what you are doing with M5 PASR Trend Trading, don't trade ahead of a news event.

To further show that you, along with MOST on here, do not UNDERSTAND my M5 PASR Trend Trading Strategy, you have missed the most important aspect of trading M5 - a VERY SMALL STOP LOSS. When you know how to trade it you get a HUGE REWARD for a small RISK. Your Stop Loss goes above the high of that Shooting Star! Nowhere else!

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM5.png Size: 30 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,342
  • Mar 29, 2018 10:50am Mar 29, 2018 10:50am
EUR/USD London session looked like it had already gone on hols today, but it was a pretty busy day - no trades. (On days like today, trading for a living really appeals to me)

I'm on holiday now.

See you all in a week and a bit - Happy Easter and hope the Easter bunny brings you all pips.
  • #3,343
  • Mar 29, 2018 10:52am Mar 29, 2018 10:52am
GBPUSD M5

Quoting Bestof27
GBPUSD PASR 5 I took this trade this morning Entry : - BEEB / in strat shadow / at resistance SL : - above potential swing high TP : - RRR = 2, before next support Result : - Stopped out Didn't like rejections (wicks), but didn't close the trade... {image}
You went short AFTER seeing the HAMMER I identified in white?????????????????????????

Get back on The Path and read, learn and UNDERSTAND PASR!

Then post charts with WHITE backgrounds

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 46 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,344
  • Edited 11:11am Mar 29, 2018 10:55am | Edited 11:11am
EURJPY M5 PASR Trend Trading:


LIVE at the MOVING HARD RIGHT EDGE.........where the Strat Shadow is showing TOOTH BLADE STRUCTURE.




Happy Trading,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 33 KB
Time always comes before price
  • #3,345
  • Mar 29, 2018 11:01am Mar 29, 2018 11:01am
EURCAD M5 PASR Trend Trading

Quoting darko2010
EURCAD 5M I have been monitoring EURCAD for a long time... After the post-GDP jump, I was waiting for the right moment to enter. {image}
Not the lowest RISK entry, darko, but there again you must be learning something. Did you add on at the lowest RISK entry? Hopefully you have taken profit.

Well done!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,346
  • Mar 29, 2018 11:11am Mar 29, 2018 11:11am
Quoting strat
EURCAD M5 PASR Trend Trading {quote} Not the lowest RISK entry, darko, but there again you must be learning something. Did you add on at the lowest RISK entry? Hopefully you have taken profit. Well done!
Not the lowest risk entry, I agree Strat, but as you often say to others, I am trying to trade price action, not MAs. Trading price action with the Strat Shadow provides significantly better probabilities of success, but (confirmed) swings sometimes start outside of the shadow and I would rather take that trade when PA is clean and have a much tighter SL. I almost never do that though, but PA on higher TFs and the big SS on the GDP announcement bar made me risk the crazy amount of... 10 pips
  • #3,347
  • Mar 29, 2018 11:13am Mar 29, 2018 11:13am
Quoting strat
EURCAD M5 PASR Trend Trading {quote} Did you add on at the lowest RISK entry?
Which bar would you have taken for the lowest risk entry? It is not obvious to me on this one
Thanks
  • #3,348
  • Mar 29, 2018 11:35am Mar 29, 2018 11:35am
Quoting strat
GBPUSD M5 {quote} You went short AFTER seeing the HAMMER I identified in white????????????????????????? Get back on The Path and read, learn and UNDERSTAND PASR! Then post charts with WHITE backgrounds {image}
yes, sorry .... was a little worried about that ... but was concentrated on the BEEB and entered the trade.
but there is worse, after that I had several warnings that I ignored .... Good lesson for me !
  • #3,349
  • Mar 29, 2018 11:55am Mar 29, 2018 11:55am
EURCAD M5 PASR Trend Trading

Quoting darko2010
{quote} Which bar would you have taken for the lowest risk entry? It is not obvious to me on this one Thanks
The first blue arrow (and you should know why)

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 59 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,350
  • Mar 29, 2018 11:58am Mar 29, 2018 11:58am
EURCAD M5 PASR Trend Trading

Quoting darko2010
{quote} Not the lowest risk entry, I agree Strat, but as you often say to others, I am trying to trade price action, not MAs. Trading price action with the Strat Shadow provides significantly better probabilities of success, but (confirmed) swings sometimes start outside of the shadow and I would rather take that trade when PA is clean and have a much tighter SL. I almost never do that though, but PA on higher TFs and the big SS on the GDP announcement bar made me risk the crazy amount of... 10 pips
risk the crazy amount of... 10 pips

Now you've got your M5 motor running!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,351
  • Mar 29, 2018 12:13pm Mar 29, 2018 12:13pm
Quoting strat
EURCAD M5 PASR Trend Trading {quote} risk the crazy amount of... 10 pips Now you've got your M5 motor running!
I think I do... I am finally distancing myself from my trades, the emotion which used to be attached to it is fading away.
Still lots of hesitations even at an average risk of 10-15 pips, but when a trade really, truly, calls me, I go for it.
The same goes for saying "no" to trades I just don't find appealing enough, that's also a big step for me
  • #3,352
  • Mar 29, 2018 12:16pm Mar 29, 2018 12:16pm
Quoting strat
EURCAD M5 PASR Trend Trading {quote} The first blue arrow (and you should know why) {image}
Thanks, those are the ones I had as well but I am not ready for add-ons yet
  • #3,353
  • Mar 29, 2018 12:31pm Mar 29, 2018 12:31pm
Trading Psychology

Quoting darko2010
{quote} I think I do... I am finally distancing myself from my trades, the emotion which used to be attached to it is fading away. Still lots of hesitations even at an average risk of 10-15 pips, but when a trade really, truly, calls me, I go for it. The same goes for saying "no" to trades I just don't find appealing enough, that's also a big step for me
the emotion which used to be attached to it is fading away

It NEVER does, darko, the Little People are ALWAYS there waiting to pounce on you when you least expect it. Keep on your toes and don't try and walk on water - you know what happened to the last guy who tried it.

Inserted Video
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,354
  • Edited 2:42pm Mar 29, 2018 1:48pm | Edited 2:42pm
AUDUSD

Update on Posts 433 & 2025

No change!

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 59 KB

Attached Image (click to enlarge)
Click to Enlarge Name: b.PNG Size: 52 KB

Attached Image (click to enlarge)
Click to Enlarge Name: c.PNG Size: 52 KB


This is definitely a pair for those with insomnia
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,355
  • Mar 29, 2018 2:00pm Mar 29, 2018 2:00pm
Quoting strat
EURCAD M5 PASR Trend Trading {quote} The first blue arrow (and you should know why) {image}
I have been changing the values of the MAs in the 5m chart ribbon, and my charts still look very different from yours (the same pairs, the same timeframes, the same dates and time). Is it too much to ask you to post your 5m MT4 template?

Thank you.
  • #3,356
  • Mar 29, 2018 2:20pm Mar 29, 2018 2:20pm
Quoting strat
GBPAUD {quote} First, you are always going to be riding a horse with 3 legs when your candles do not close at 5pm EST. Look at my charts compared to yours. I have no idea when and where your entry was as I can't figure it out on my charts. I have also marked up 2 entries which are in accordance with MY M5 PASR Trend Trading strategy for PST zone. {image} Second, all those wicks and tails on that pair on your chart would have made me run for the nearest saloon in Dodge City! Third, you are trading before/during/after a news event Get some proper...
I have not found a US broker with MT4 that closes with NY. My next step is to get an overseas one and use their demo. Unless somebody out there knows of one.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,357
  • Mar 29, 2018 2:30pm Mar 29, 2018 2:30pm
Quoting Rufus
{quote} I have not found a US broker with MT4 that closes with NY. My next step is to get an overseas one and use their demo. Unless somebody out there knows of one.
Rufus, go to my Profile to find the broker I use
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,358
  • Mar 29, 2018 2:41pm Mar 29, 2018 2:41pm
PASR

Quoting MidnightRun
{quote} I have been changing the values of the MAs in the 5m chart ribbon, and my charts still look very different from yours (the same pairs, the same timeframes, the same dates and time). Is it too much to ask you to post your 5m MT4 template? Thank you.
Why don't you do like everyone else and READ the thread where you will find everything you are asking for?

Had you READ the thread you would know this from Post 1:

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 16 KB


You would also know that it is not a chart ribbon

It will also not satisfy your delusions and fantasies with indicators so you may be better thread hopping to yet another squiggly line thread with more bells and whistles and flashing lights.

Thank you!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,359
  • Mar 29, 2018 5:43pm Mar 29, 2018 5:43pm
Quoting strat
GBPJPY {quote} I see many of the yen pairs as in an interesting place I must have missed this - please tell us more, Rub!
Thanks for the feedback on the 5 minute trade. Definitely steering clear of them for the moment, I'd much rather do other things with my evenings!

As far as my yen pairs, for example GBP/JPY:
Sitting on the top of a WCC, nearly a 50% retrace of the last move down, and big round number 150.00. Also sitting just above the 200EMA and support slightly further. So I am thinking interesting location. Does it break down or up? Wait and see what price action tells us.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 43 KB
  • #3,360
  • Mar 29, 2018 6:07pm Mar 29, 2018 6:07pm
Quoting Rub
{quote} Thanks for the feedback on the 5 minute trade. Definitely steering clear of them for the moment, I'd much rather do other things with my evenings! As far as my yen pairs, for example GBP/JPY: Sitting on the top of a WCC, nearly a 50% retrace of the last move down, and big round number 150.00. Also sitting just above the 200EMA and support slightly further. So I am thinking interesting location. Does it break down or up? Wait and see what price action tells us. {image}
To me, that's the opposite of interesting Rub. All JPY pairs are directionless with most of them stuck in a WCC. That doesn't mean you can't trade them though, but I currently see more "intent" in the GBP and CAD pairs. Wouldn't you agree?
7 traders viewing now