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Strat's PASR Long Term, Stress Free Trading

  • #3,461
  • Apr 4, 2018 10:42am Apr 4, 2018 10:42am
GBPJPY

Quoting Rub
Well, I have most of the yen pairs in a WCC at the moment. I'm going to wait until I get a close outside before I make any decisions. This is after all, the US employment figures this week. Although I would be seriously tempted by GBP/JPY if I closes above the strat shadow and 200ema today.
I would be seriously tempted by GBP/JPY if it closes above the strat shadow and 200ema today.

No, NO, NO and NO!

Your RISK to reward will be UPSIDE DOWN!

Until you are an EXPERIENCED PASR trader you MUST trade CONSERVATIVELY with the LOWEST RISK, HIGHEST PROBABILITY trades

YOU should only consider long positions when PRICE closes above Boss resistance.

Write RULE #1 on your forehead so that you SEE it each time you look in the mirror.

Remember: YOU are better wishing you were in a trade than being IN a trade wishing you were OUT!

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 47 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,462
  • Apr 4, 2018 10:47am Apr 4, 2018 10:47am
USDJPY

Quoting Bestof27
{quote} May be I can watch for resistance in black becoming support ? {image}
See my previous reply to you Post 3459
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,463
  • Apr 4, 2018 11:11am Apr 4, 2018 11:11am
Quoting strat
USDJPY {quote} Big Boss : - descending channel - price at support, going up right now How do you SEE that PRICE is going up right now? Boss : - stuck at support for a while - BUOB last week at support (M+W) {image} Does buying make sense here on W FT ? Only if you want to LOSE your money! Worker : - descending channel, price at upper TL {image} I don't see anything to do here now What do you think guys ? I ""think"" you should READ, LEARN and UNDERSTAND more about PASR, The Power of Time Frames and particularly, the Strat Shadow (hint: the Strat...
Ok, new try

BB is going down, at support now
B is going down, consolidating
W made an HH, so not going down
=> wait and see
  • #3,464
  • Apr 4, 2018 11:11am Apr 4, 2018 11:11am
GBPJPY M5 PASR Trend Trading

Quoting darko2010
GBPJPY 5M The entry is on 5M for R:R reasons, the rationale is on the Boss {image}
the rationale is on the Boss

darko, be VERY CAREFUL with this even though it worked out for you a couple of times. There will be times when this will suck you in and blow you out in bubbles BIG TIME!

Think about it LOGICALLY - there are 2,016 M5 candles in a Boss candle! Let's say the average M5 trend is 40 candles - this means the M5 trend can reverse and go opposite 50 TIMES within a Boss candle! This HAPPENS regardless of where PRICE is on other time frames.

We don't care what any other time frame is doing, we ONLY trade the M5 TREND.

You are doing good, darko, I don't want you to get sucked in and suffer a loss and see you go backwards 5 steps

Your M5 trading routine should be to check your M5 charts ONLY
SEE the M5 TREND
Add your D1, H4 and H1 support and resistance areas
Enter on PASR
Follow the Strat Shadow
Exit on PASR

What is the update on this trade?
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,465
  • Apr 4, 2018 11:23am Apr 4, 2018 11:23am
Quoting strat
GBPJPY M5 PASR Trend Trading {quote} the rationale is on the Boss darko, be VERY CAREFUL with this even though it worked out for you a couple of times. There will be times when this will suck you in and blow you out in bubbles BIG TIME! Think about it LOGICALLY - there are 2,016 M5 candles in a Boss candle! Let's say the average M5 trend is 40 candles - this means the M5 trend can reverse and go opposite 50 TIMES within a Boss candle! This HAPPENS regardless of where PRICE is on other time frames. We don't care what any other time frame is doing,...
Thank you Strat, I really appreciate your concern but don't worry, the entry was based ONLY on M5 trend PASR strategy even though the confluence of the WCC was giving me an option to hold it on a higher TF should the Worker create an interesting candle (which it didn't). Nothing more to read into my post.

EDIT: in any case, my hard stop loss was at an enormous 18 pips on this trade, rule #1 is here to stay

I got out eventually with around +40 pips, but I am working on transforming my fear of retracement towards MA20 into an opportunity to add-on (as I did on CADJPY later today)
  • #3,466
  • Apr 4, 2018 11:27am Apr 4, 2018 11:27am
EURAUD M5 NO IDEA TRADING

Quoting Giannis95
I'm continuing to study the old thread, but sometimes I can not find a reason for my losing trades. It often seems that the market does exactly the opposite of what I do. It is frustrating. I would be happy to accept criticism and motivation on this losing trade. My analysis was this. 4H: Dominant trend: down Immediate trend: UP Price under the ema 20 that seems until now to act as a resistance 1H: Dominant trend: down Immediate trend: down At the time of trade, the price is below the strat shadow 5M: Down trend with lower highs and lower lows Big...
I'm continuing to study the old thread, but sometimes I can not find a reason for my losing trades.

The details and my M5 PASR Trend Trading strategy is not on my "old" original thread, it is on here!

My analysis was this.

The ONLY analysis you need on M5 trading is ""IS PRICE TRENDING?"" See my post 3464 to darko

Come on, Giannis, you have been on here everyday since you left the Comedy Thread and must have read my posts and examples plus Yomi's examples on M5. Why didn't you follow those?
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,467
  • Apr 4, 2018 11:35am Apr 4, 2018 11:35am
GBPJPY M5 PASR Trend Trading 300 pips!

Quoting fxrabbi
GBJPY M5 PASR Trend Trading: LIVE at the MOVING HARD RIGHT EDGE......................where the Strat Shadow is showing TOOTH BLADE STRUCTURE. NB: Winning Trades are the by-product of Losing Trades. Happy Trading, Yomi. {image}
Congratulations Yomi, you have just blown my highest M5 profit out of the water! I think I should hand over M5 PASR Trend Trading to you!

NB: Winning Trades are the by-product of Losing Trades

Good point, Yomi and the beauty of M5 trading that SO MANY MISS is that our Stop Loss is small and we can keep entering with small stop losses without it affecting our R:R.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,468
  • Apr 4, 2018 11:37am Apr 4, 2018 11:37am
M5 PASR Trend Trading:

If you are M5 PASR Trend Trader like me, posts #3,464 & 3,466 are your treasure......


Happy Trading,
Yomi.
Time always comes before price
  • #3,469
  • Apr 4, 2018 11:39am Apr 4, 2018 11:39am
Quoting strat
GBPJPY M5 PASR Trend Trading 300 pips! {quote} Congratulations Yomi, you have just blown my highest M5 profit out of the water! I think I should hand over M5 PASR Trend Trading to you! NB: Winning Trades are the by-product of Losing Trades Good point, Yomi and the beauty of M5 trading that SO MANY MISS is that our Stop Loss is small and we can keep entering with small stop losses without it affecting our R:R.
Sorry to be Clouseau again, is the way you calculate pips based on a value per lot times a number of lots? If so, what is the value of a lot?
  • #3,470
  • Apr 4, 2018 11:42am Apr 4, 2018 11:42am
M5 PASR Trend Trading

Quoting fxrabbi
{quote} Hi Mate, Those words were not my words, they're quotes from Strat posting/teaching. Words likes...... 1. " Tooth blade structure with converging/diverging with Strat Shadow" 2. "Moving hard right edge" These above quotes were the secret to my success in my M5 Trading, and since then I have been trying to communicate this to someone out there....... The above then lead me to two (2) things: 1. PA - those few candlesticks Strat mention here in the thread, and the old thread. 2. Trend - work your way in knowing how to identify TREND, Mate,...
Many thanks Yomi, I could not have said it better myself. Maybe others will pay more attention to you!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,471
  • Apr 4, 2018 11:42am Apr 4, 2018 11:42am
Quoting strat
GBPJPY M5 PASR Trend Trading 300 pips! {quote} Congratulations Yomi, you have just blown my highest M5 profit out of the water! I think I should hand over M5 PASR Trend Trading to you! NB: Winning Trades are the by-product of Losing Trades Good point, Yomi and the beauty of M5 trading that SO MANY MISS is that our Stop Loss is small and we can keep entering with small stop losses without it affecting our R:R.
Lol.......

Boss will always be the Boss, you are the Master here, we are still a learner here.....

Yomi.
Time always comes before price
  • #3,472
  • Apr 4, 2018 11:49am Apr 4, 2018 11:49am
LIVE TRADING

Quoting darko2010
{quote} Thanks Yomi, I know those are Strat's expressions. Try as I might, it must be my awful English that makes me struggle with the concept of the hard right edge :-) Happy trading to you too
For a French guy living in London your English is brilliant to the point that sometimes I wonder if you are pulling my leg on being French!

Yomi and Rufus have explained it very well. I use that phrase to differentiate LIVE TRADING as opposed to 20/20 trading in hindsight. Watching candles jump UP and DOWN as they are being made/happening RIGHT NOW, (moving hard right edge) is sometimes frightening and daunting at first for some, especially when trying to implement a strategy.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,473
  • Apr 4, 2018 11:52am Apr 4, 2018 11:52am
CADJPY M5 PASR Trend Trading

Quoting darko2010
{quote} Aaaaaaaand, my first add-on, ever... {image}
Well done, darko! Now you are no longer an M5 Virgin we expect greater trades of you!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,474
  • Apr 4, 2018 11:59am Apr 4, 2018 11:59am
USDJPY

Quoting Bestof27
{quote} Ok, new try BB is going down, at support now B is going down, consolidating W made an HH, so not going down => wait and see
You have missed the Weekly Control Candle.

Are all 3 time frames in harmony?

There is MUCH MORE to PASR than JUST analysing our 3 time frames. Keep reading, learning and understanding The Path
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,475
  • Apr 4, 2018 12:03pm Apr 4, 2018 12:03pm
GBPJPY M5 PASR Trend Trading

Quoting darko2010
{quote} Thank you Strat, I really appreciate your concern but don't worry, the entry was based ONLY on M5 trend PASR strategy even though the confluence of the WCC was giving me an option to hold it on a higher TF should the Worker create an interesting candle (which it didn't). Nothing more to read into my post. EDIT: in any case, my hard stop loss was at an enormous 18 pips on this trade, rule #1 is here to stay I got out eventually with around +40 pips, but I am working on transforming my fear of retracement towards MA20 into an opportunity to...
Reward to Risk > 2:1

That's good, darko (for starters)
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,476
  • Apr 4, 2018 12:08pm Apr 4, 2018 12:08pm
Quoting strat
LIVE TRADING {quote} For a French guy living in London your English is brilliant to the point that sometimes I wonder if you are pulling my leg on being French! Yomi and Rufus have explained it very well. I use that phrase to differentiate LIVE TRADING as opposed to 20/20 trading in hindsight. Watching candles jump UP and DOWN as they are being made/happening RIGHT NOW, (moving hard right edge) is sometimes frightening and daunting at first for some, especially when trying to implement a strategy.
I don't know if I should be flattered or if I should feel offended in the name of the French nation...
Kidding aside, French suck big time at speaking English, but can you blame them? French was the international language of diplomacy and commerce until the French revolution and, after that, Napoleon's attempt at reclaiming world hegemony was sabotaged by the British army at Waterloo.
And to think that nowadays, our kids are encouraged to learn Mandarin to serve our new masters...
  • #3,477
  • Edited 12:38pm Apr 4, 2018 12:14pm | Edited 12:38pm
Profit Pip Count

Quoting darko2010
{quote} Sorry to be Clouseau again, is the way you calculate pips based on a value per lot times a number of lots? If so, what is the value of a lot?
Our Profit pip count is the TOTAL number of pips from all the positions traded.

I took Yomi's 300 pips from his chart.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 25 KB


If you have one position with 5 lots and that position is for 50 pips, your TOTAL pip count is 250 pips. Each position and lot counts to the TOTAL number of pips.

Lot size is totally dependent on the individual trader's Money Management and Trading Style.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,478
  • Apr 4, 2018 12:14pm Apr 4, 2018 12:14pm
Quoting strat
USDJPY {quote} You have missed the Weekly Control Candle. Are all 3 time frames in harmony? There is MUCH MORE to PASR than JUST analysing our 3 time frames. Keep reading, learning and understanding The Path
Yes, I missed the WCC because I was focused on the 6 weeks older one (broken 3 weeks ago) and the BUOB, not seeing the last one

No, the 3 TF are not in harmony

I ll keep on reading learning and understanding as much as I can...

Thank you for your help
  • #3,479
  • Apr 4, 2018 12:16pm Apr 4, 2018 12:16pm
Quoting strat
That's good, darko (for starters)
Thanks but you and I know that 2:1 on M5 sucks, I am working on it alongside add-on strategy
  • #3,480
  • Apr 4, 2018 12:19pm Apr 4, 2018 12:19pm
Quoting strat
Profit Pip Count {quote} Our Profit pip count is the TOTAL number of pips from all the positions traded. I took Yomi's 300 pips from his chart. {image} If you have one position with 5 lots and that position is for 50 pips, your TOTAL pip count is 250 pips. Each position counts to the TOTAL number of pips. Lot size is totally dependent on the individual trader's Money Management and Trading Style.
Ok, I count pips as in 1/10000th or 1/100th (for JPY pairs) of price, irrespective of lot size, hence my confusion.
Thanks
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