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Strat's PASR Long Term, Stress Free Trading

  • #3,481
  • Edited 12:44pm Apr 4, 2018 12:26pm | Edited 12:44pm
PASR

Quoting bistolis
{quote} 2 things to pay attention: your drawdown is too much the avg loss is twice as much as the avg win
Thanks for helping your fellow PASR traders - if only more would do this!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,482
  • Apr 4, 2018 12:28pm Apr 4, 2018 12:28pm
PASR

Quoting darko2010
QUIZ Outside of AUD pairs that are walking zombies, name a major pair that has NOT been in a WCC for several weeks
A pity you only had one response but you should do more of this, darko, it will get you to The Promised Land.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,483
  • Apr 4, 2018 12:29pm Apr 4, 2018 12:29pm
Moving Hard Right Edge

Quoting Rufus
{quote} The area of a price chart on the right hand side where the next bar will be printed. We trade this edge of the chart not knowing what the result will be. We place our trades with the price action on the Hard right edge. Hope that makes sense...to me it is the head of a nail when I strike it with my hammer.
Nail on the head, Rufus!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,484
  • Apr 4, 2018 12:31pm Apr 4, 2018 12:31pm
M5 PASR Trend Trading

Quoting Rufus
{quote} Strat has posted a lot of information here about trading the 5m chart. Recently even. There are differences in how it is traded depending on which session, London or NY. I had tendency to over complicate it.
There are differences in how it is traded depending on which session, London or NY. I had tendency to over complicate it.

You are GOOD and a FAST learner too!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,485
  • Apr 4, 2018 12:43pm Apr 4, 2018 12:43pm
M5 PASR Trend Trading

Quoting darko2010
{quote} Thanks but you and I know that 2:1 on M5 sucks, I am working on it alongside add-on strategy
2:1 on M5 sucks

Really? There are guys on other M5 threads and strategies that would DIE for that!

Besides, 40 pips per day with 1 Standard Lot is Trading For A Living that some would KILL for!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,486
  • Apr 4, 2018 12:55pm Apr 4, 2018 12:55pm
Quoting strat
M5 PASR Trend Trading {quote} 2:1 on M5 sucks Really? There are guys on other M5 threads and strategies that would DIE for that! Besides, 40 pips per day with 1 Standard Lot is Trading For A Living that some would KILL for!

Are you having a Pollyanna moment or just pulling my leg?
  • #3,487
  • Apr 4, 2018 1:03pm Apr 4, 2018 1:03pm
M5 PASR Trend Trading

Quoting Rufus
So far it looks to me like London has had all the fun for my 5m charts. I will have to say. Not trying to trade a Reversal of London is a lot easier. In the past I would trade these reversals with little success, and as Strat pointed out to me they often fizzle out and hard to catch. So I don't need them. Trade one thing and trade it well is now my mantra. As Yomi says "LIVE at the MOVING HARD RIGHT EDGE......................where the Strat Shadow is showing TOOTH BLADE STRUCTURE." If I can keep it this simple between my ears success well be there....
For our non - English speaking students, this is what I mean by ""Saw Tooth Blade"" structure.

Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,488
  • Apr 4, 2018 1:10pm Apr 4, 2018 1:10pm
M5 PASR Trend Trading

Quoting darko2010
{quote} Are you having a Pollyanna moment or just pulling my leg?
Seriously? This is WHAT I do!

Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,489
  • Apr 4, 2018 1:21pm Apr 4, 2018 1:21pm
Quoting strat
M5 PASR Trend Trading {quote} For our non - English speaking students, this is what I mean by ""Saw Tooth Blade"" structure. {image}
Thank you for doing this, hope my friends from Nigeria can takes note of this....

This is where the success comes from, I always jump in when trend look like this.


Happy Trading,
Yomi.
Time always comes before price
  • #3,490
  • Apr 4, 2018 1:24pm Apr 4, 2018 1:24pm
Quoting strat
M5 PASR Trend Trading {quote} Seriously? This is WHAT I do! {image}
I have the weakness to believe you don't trade with an R:R of 2, and not on standard lots.
To me, trading should follow a very simple equation

(TT*NP)<[(PL/CP)*[TL]

where
TT= Time spent trading
NP= Net profit made during TT
PL= Pleasure creating activities
CP=Cost of PL
TL=Time left to live

Everyone can work out their own equation depending on their own variables.
  • #3,491
  • Apr 4, 2018 1:27pm Apr 4, 2018 1:27pm
Quoting darko2010
{quote} I have the weakness to believe you don't trade with an R:R of 2, and not on standard lots. To me, trading should follow a very simple equation (TT*NP)<[(PL/CP)*[TL] where TT= Time spent trading NP= Net profit made during TT PL= Pleasure creating activities CP=Cost of PL TL=Time left to live Everyone can work out their own equation depending on their own variables.
this is some great equation
and 40p per day is really fantastic
  • #3,492
  • Apr 4, 2018 1:29pm Apr 4, 2018 1:29pm
Quoting bistolis
{quote} this is some great equation and 40p per day is really fantastic
Thanks Bistolis, but my PL is expensive and I work on the constant premise that my TL is 1 day
  • #3,493
  • Apr 4, 2018 1:30pm Apr 4, 2018 1:30pm
I tried a H1 trade today, entered some hours ago and I am not sure if this is just a 1:1 rr.
anyone would like to share some thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 72 KB


My hopes are not that high for this trade.
  • #3,494
  • Apr 4, 2018 1:34pm Apr 4, 2018 1:34pm
Quoting bistolis
I tried a H1 trade today, entered some hours ago and I am not sure if this is just a 1:1 rr. anyone would like to share some thoughts? {image} My hopes are not that high for this trade.
Great entry Bistolis.
You won't know what R:R it is until you exit but if you look on higher TFs, you have a potential monster in your hands
  • #3,495
  • Apr 4, 2018 1:36pm Apr 4, 2018 1:36pm
Quoting darko2010
{quote} Great entry Bistolis. You won't know what R:R it is until you exit but if you look on higher TFs, you have a potential monster in your hands
My plan is to hold. if it breaks support all good. if not then maybe breakeven and enter later if possible
  • #3,496
  • Apr 4, 2018 1:43pm Apr 4, 2018 1:43pm
Quoting bistolis
{quote} My plan is to hold. if it breaks support all good. if not then maybe breakeven and enter later if possible
I would hate to finish on BE on this, my advice would be to watch PA and capture a profit if support seems too solid
  • #3,497
  • Apr 4, 2018 2:45pm Apr 4, 2018 2:45pm
Quoting darko2010
{quote} I have the weakness to believe you don't trade with an R:R of 2, and not on standard lots. To me, trading should follow a very simple equation (TT*NP)<[(PL/CP)*[TL] where TT= Time spent trading NP= Net profit made during TT PL= Pleasure creating activities CP=Cost of PL TL=Time left to live Everyone can work out their own equation depending on their own variables.
Over analysing again, darko!

To me, trading should follow a very simple equation

It does! WIN more than you lose - it is not any more complex than that
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,498
  • Apr 4, 2018 2:48pm Apr 4, 2018 2:48pm
EURCAD H1

Quoting bistolis
I tried a H1 trade today, entered some hours ago and I am not sure if this is just a 1:1 rr. anyone would like to share some thoughts? {image} My hopes are not that high for this trade.
This is a trader DESPERATE for a trade!

Your R:R is less than 1:1

My hopes are not that high for this trade

So WHY trade it?????????????????
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,499
  • Apr 4, 2018 2:56pm Apr 4, 2018 2:56pm
Quoting strat
EURCAD H1 {quote} This is a trader DESPERATE for a trade! Your R:R is less than 1:1 My hopes are not that high for this trade So WHY trade it?????????????????
guilty. not desperate for a trade though.

I closed for 55p at support and I will need to improve and find a much better RR next time

thanks
  • #3,500
  • Apr 4, 2018 3:08pm Apr 4, 2018 3:08pm
Quoting strat
{quote} Over analysing again, darko! To me, trading should follow a very simple equation It does! WIN more than you lose - it is not any more complex than that
I don't want to confuse any reader here but I know you are too clever to have not grasped what my equation brings into consideration: the element of time and how to make the most of it.
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