Strat's PASR Long Term, Stress Free Trading | Page 177 | 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

  • #3,521
  • Apr 5, 2018 5:15am Apr 5, 2018 5:15am
From another book I am reading.

One of the guys interviewed by Jack Schwager for one of his market wizard books.


My results went from average to stellar when I finally made the choice that I was going to make every trade an intelligent risk/reward decision....

Sounds like something Strat would say.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,522
  • Apr 5, 2018 5:23am Apr 5, 2018 5:23am
Quoting darko2010
{quote} Already entered based on H1 BEEB
I was still snuggled in my blankets when that happened.

I am sticking with 5m only entries for now, limited to the couple hours I have in the morning. So I need to have...

1. An established trend with London.
2. Saw tooth pattern.
3. Pull back into Strat Shadow
4. Room to next area of S/R for good R:
5. Strong entry candle

And probably the most important.

6. Awake enough to see it.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,523
  • Apr 5, 2018 5:27am Apr 5, 2018 5:27am
Quoting darko2010
{quote} It's still on, but I realize I am not helping others by putting trades that don't properly apply Strat's strategy on Trend PASR. I'll post it if it helps teach something to others, otherwise I see no merit
You aware of news release in a few minutes?
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,524
  • Edited 6:18am Apr 5, 2018 5:36am | Edited 6:18am
Quoting Rufus
{quote} You aware of news release in a few minutes?
Yes, it was 10% of my usual size, made me some money but my objective was mainly to observe something and I need to put some skin in the game for that, otherwise I get distracted
  • #3,525
  • Apr 5, 2018 5:38am Apr 5, 2018 5:38am
Quoting Rufus
{quote} I was still snuggled in my blankets when that happened. I am sticking with 5m only entries for now, limited to the couple hours I have in the morning. So I need to have... 1. An established trend with London. 2. Saw tooth pattern. 3. Pull back into Strat Shadow 4. Room to next area of S/R for good R: 5. Strong entry candle And probably the most important. 6. Awake enough to see it.
All that makes sense...
But what is not obvious for me is point 1), what is an established trend ?
For me now it is like too early or too late...

Many things to learn & understand !
  • #3,526
  • Apr 5, 2018 5:43am Apr 5, 2018 5:43am
GBPJPY 5M LEMONADE DEAL

Because when life gives you only lemons, or a super scary BRN which is also the top of the WCC...
+28 pips anyway
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-5-minutes.png Size: 24 KB
  • #3,527
  • Apr 5, 2018 5:47am Apr 5, 2018 5:47am
Quoting Bestof27
{quote} All that makes sense... But what is not obvious for me is point 1), what is an established trend ? For me now it is like too early or too late... Many things to learn & understand !

With the Strat Shadow a trend jumps out at you. Looks like you would normally trade the London Session? if so if you trade the 5m charts it is traded differently then me on the West Coast of the US.

Attached Image (click to enlarge)
Click to Enlarge Name: mmmmm.png Size: 72 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,528
  • Apr 5, 2018 6:41am Apr 5, 2018 6:41am
I look across all charts and they have clearly fallen out of the ugly tree and hit every branch on the way down
  • #3,529
  • Apr 5, 2018 7:52am Apr 5, 2018 7:52am
Quoting Rub
{quote} Thanks for the tips strat, I think it's a good step that I've only taken a couple of trades in the last month. The 5 minute trade I posted, Aud/usd (still open, stop at BE) short and USD/cad long (stopped out). The drawdown on the account is something I'm aware of but not to worried about as it doesn't tell the whole story. I'm risking $25 a trade, OR up to $50 if I can't meet the minimum position size, not a % of the $500. This account is money I can afford to lose, but when I get to the point of trading a grown up trader account (instead...
going long on a demo account

Don't practice on demo, Rub, as they are heavily manipulated by brokers to lull you into a false sense of security - do it the old fashioned way - paper trading

Don't get frustrated with stagnant pairs on the Worker. The beauty of this is that they will all break free from their shackles. Just be loaded and ready and SEE it when it happens.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,530
  • Apr 5, 2018 8:37am Apr 5, 2018 8:37am
EURCAD M5

Quoting Bestof27
EURCAD M5 PASR I took this trade {image} Trying now to analyse Entry point : - doji - support becoming resistance (previous swing low) - ema20 resistance SL : - previous LH TP : 2R First bar ok Then failed to break support new go to the support failed again to break support + BUEB This confirmed support + BUEB may have been a reason to exit near BE, do you agree ? Or was this setup stupid ?
Or was this setup stupid ?

No, YOU were stupid!

It seems you can't read. I have lost count the number of times I have posted that MY M5 PASR Trend Trading strategy is based on the M5 PRICE being in an established trend.

Maybe you did read it but you definitely did not UNDERSTAND it.

I have shown your entry on my M5 chart. At best your R:R was 1:1 which should tell you STRAIGHTAWAY that it was not going to be a high probability trade.

You entered 50 minutes AFTER London Open - was there an established trend? HELL NO! During the first hour of trading, traders are usually busy filling market and over night orders before actually trading THEIR trades.

The 10:25am candle tested support while the 10:30am candle showed there were buyers willing to buy off it.

Were you watching this or just ""hoping"" for some pips?

SL :
- previous LH

I have marked your SL with a blue ""X"" on my chart which was the ONLY thing you got right.

So when PRICE reached your stop loss, why didn't you get out? This is terrible trade management.

The bottom line is that you do NOT understand my M5 PASR Trend Trading strategy and you should be nowhere near an M5 chart until you do!

Out of curiousity, do you look at Yomi's trades? If you do, does this trade look anything like Yomi would take?

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 63 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,531
  • Apr 5, 2018 8:45am Apr 5, 2018 8:45am
GBPJPY M5 PASR Trend Trading

Quoting darko2010
GBPJPY 5M LEMONADE DEAL Because when life gives you only lemons, or a super scary BRN which is also the top of the WCC... +28 pips anyway {image}
Good trade, darko! You guys are so fortunate being able to trade the London session.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,532
  • Apr 5, 2018 8:48am Apr 5, 2018 8:48am
EURCAD M5

Quoting darko2010
{quote} I saw that same potential trade but didn't take it, I cannot explain why, it just felt wrong. Your entry was textbook I believe, no problem there, but you just experienced a Dr Joe situation. I would have exited on the BUEB 4 bars after your entry but that's because of my own risk aversion and where we already were in the overall down movement, I think the correct SL was above the high of the last swing at around 1.5660. Just the way I see things, Strat may be of greater help
I saw that same potential trade but didn't take it, I cannot explain why, it just felt wrong.

Because you finally UNDERSTAND my M5 PASR Trend Trading strategy!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,533
  • Apr 5, 2018 8:49am Apr 5, 2018 8:49am
GBPCAD M5

Nice 60....

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM5.png Size: 53 KB
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #3,534
  • Apr 5, 2018 9:04am Apr 5, 2018 9:04am
Trying to focus on the "tooth-blade structure" and PASR.
R:R 1:3
+40 pips

From luck to skills, I have still a long way to go..
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2018-04-05 alle 18.05.42.png Size: 223 KB
  • #3,535
  • Apr 5, 2018 9:15am Apr 5, 2018 9:15am
Strat,
When you have a Dr Joe trade signalling the end of a trend, you have explored, I am sure, the win probabilities of going the other way after a loss if PA agrees.
Could you share your experience with us on this?
Thanks
  • #3,536
  • Apr 5, 2018 9:20am Apr 5, 2018 9:20am
Quoting strat
GBPJPY M5 PASR Trend Trading {quote} Good trade, darko! You guys are so fortunate being able to trade the London session.
Thanks, but it seems I picked the wrong pair. GU or GC would have been far superior choices and I am at fault because I recently fell in love with GJ whereas GU and GC didn't have a WCC to fight on their path. Live and learn...
  • #3,537
  • Edited 9:53am Apr 5, 2018 9:23am | Edited 9:53am
USDJPY M5 PASR Trend Trading:



LIVE at the MOVING HARD RIGHT EDGE...............power by the Strat Shadow showing it best/strong/good TREND via a "SAW TOOTH BLADE STRUCTURE".



NB: My job as a trader is to continue following my overall strategy and tactics (M5 PASR Trend Trading) through good times and not so good times - consistency is the key to success. Always.


Happy Trading,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 32 KB
Time always comes before price
  • #3,538
  • Apr 5, 2018 10:44am Apr 5, 2018 10:44am
Hi strath and all the others,
I`m just at the beginning of this awesome threat- meaty and on very high level...
Wanted only to say hello. While reading the first two pages I entered a test-trade yesterday. Seems fine so far, am aiming for 1000 pips....
Any opinions? Still sooo much to learn...happy trading to all!
Attached Image (click to enlarge)
Click to Enlarge Name: Long.Term.1.png Size: 41 KB
Have a nice day
  • #3,539
  • Apr 5, 2018 12:06pm Apr 5, 2018 12:06pm
Quoting strat
EURCAD M5 {quote} Or was this setup stupid ? No, YOU were stupid! It seems you can't read. I have lost count the number of times I have posted that MY M5 PASR Trend Trading strategy is based on the M5 PRICE being in an established trend. Maybe you did read it but you definitely did not UNDERSTAND it. I have shown your entry on my M5 chart. At best your R:R was 1:1 which should tell you STRAIGHTAWAY that it was not going to be a high probability trade. You entered 50 minutes AFTER London Open - was there an established trend? HELL NO! During the...
Yes, you are right I'm stupid (sorry for that), but fortunately you didn't see all (my SL for example ... forget ...)

In fact, I didn't change my SL that was originally above the last confirmed LH, so a lower RR (if I take the support as TP)

Yes I look at Yoni's trades, but I have difficulties understanding his entries...

So I keep on reading, learning ....
  • #3,540
  • Apr 5, 2018 12:12pm Apr 5, 2018 12:12pm
Quoting strat
EURCAD M5 {quote} I saw that same potential trade but didn't take it, I cannot explain why, it just felt wrong. Because you finally UNDERSTAND my M5 PASR Trend Trading strategy!
Was thinking about same entry on 5 min, but a quick flick to the 15 min put me off.


(During the first hour of trading, traders are usually busy filling market and over night orders before actually trading THEIR trades.)

Interesting , wont be in any rush to get to the screen in the morning.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADcM15.png Size: 49 KB
11 traders viewing now