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Strat's PASR Long Term, Stress Free Trading

  • #3,581
  • Apr 6, 2018 12:16pm Apr 6, 2018 12:16pm
Quoting darko2010
{quote} If you trade London hours, you are trading the trend of the day, you are your own benchmark If you trade US hours, you are already pregnant with the trends of London and if there is a strong one, you can piggyback on it. If not, you can sometimes take a new trend established on the back of US trading, but it happens rarely
It has finally sunk in, darko, well done.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,582
  • Apr 6, 2018 12:20pm Apr 6, 2018 12:20pm
Quoting Bestof27
{quote} We could ask Strat to write in French
Inserted Video
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,583
  • Apr 6, 2018 3:52pm Apr 6, 2018 3:52pm
Quoting fxrabbi
GBPUSD M5 PASR Trend Trading: LIVE at the MOVING HARD RIGHT EDGE..........where the Strat Shadow is showing SAW TOOTH BLADE STRUCTURE like Trend. Happy Trading, Yomi. {image}
I am curious about your initial SL, Yomi. Was it under the entry candle? Or was it far away, under the swing or the 200? Breakout trades have the disadvantage of bigger SL, which sometimes lead to bad R:R (in which case multiple entries are preferred). Thanks in advance for the reply!
  • #3,584
  • Apr 6, 2018 4:06pm Apr 6, 2018 4:06pm
Quoting catalin_eros
{quote} I am curious about your initial SL, Yomi. Was it under the entry candle? Or was it far away, under the swing or the 200? Breakout trades have the disadvantage of bigger SL, which sometimes lead to bad R:R (in which case multiple entries are preferred). Thanks in advance for the reply!
This is what I think about this trade.

Was it under the entry candle?
The open of the candle was below the breakout, so is a good stop loss.

Breakout trades have the disadvantage of bigger SL
If the price go back and cross the brakeout again, then the trade was wrong, why wait and not close?
  • #3,585
  • Apr 6, 2018 4:37pm Apr 6, 2018 4:37pm
Quoting LuisRicardo
{quote} If the price go back and cross the brakeout again, then the trade was wrong, why wait and not close?
After a breakout, adding on can be done successfully when price retraces, thus giving you a better entry. It is much more advanced than just this, you have to read a certain trader's posts from what Strat calls 'the comedy thread', in order to understand how it is done. Since Strat ignored that trader, I am not sure I am allowed to post his name here, as Strat might get upset with me, much more than when I screw up with M5 trading.
  • #3,586
  • Apr 6, 2018 4:44pm Apr 6, 2018 4:44pm
Quoting catalin_eros
{quote} After a breakout, adding on can be done successfully when price retraces, thus giving you a better entry. It is much more advanced than just this, you have to read a certain trader's posts from what Strat calls 'the comedy thread', in order to understand how it is done. Since Strat ignored that trader, I am not sure I am allowed to post his name here, as Strat might get upset with me, much more than when I screw up with M5 trading.
The trade that make yomi have acumulation candle below breakout, it a perfect trade and won,t go back
  • #3,587
  • Edited Apr 7, 2018 1:32am Apr 6, 2018 5:40pm | Edited Apr 7, 2018 1:32am
Quoting catalin_eros
{quote} I am curious about your initial SL, Yomi. Was it under the entry candle? Or was it far away, under the swing or the 200? Breakout trades have the disadvantage of bigger SL, which sometimes lead to bad R:R (in which case multiple entries are preferred). Thanks in advance for the reply!
Hi Catalin_eros & LuisRicardo,

I was using SL of -25pips and TP of +50pips with multiple entries of maximum of 3 - 5 entries, depending on the type of trend I'm taking, but prefer my SL to be behind the Strat Shadow.

But, I have changed that since the beginning of this week, with the following:

1. SL= -15pips.
2. TP= +30pips.
3. Multiple entries= 5 - 10 entries (depending on the type of trend I'm taking).
4. Still prefer my SL to be behind the Strat Shadow for safety.

NB: when you have a good knowledge of trend or trend trading, you will see that all you need is tight SL, and that is all I have just done, and you need tight SL for M5 TF/trading.

Yes, when you study all my trades, they look like a breakout from the Strat Shadow, but you have to consider the MOMENTUM that comes out with it. I only takes those that have great MOMENTUM and have "SAW TOOTH BLADE STRUCTURE" like trend.


Happy Weekend,
Yomi.
Time always comes before price
  • #3,588
  • Apr 7, 2018 7:32am Apr 7, 2018 7:32am
Quoting Bestof27
{quote} For me, BB is going up, March SS may warn us of a future down move B is retracing toward the strat shadow, and is still for me in a 3 weeks WCC (near to break to the down side), price is at Monthly support So I would do nothing with this pair
My mistake, there is no WCC.
But BB and B are not in harmony
  • #3,589
  • Apr 7, 2018 9:36am Apr 7, 2018 9:36am
PASR

Quoting darko2010
A great weekend to all, my day is done and I am exhausted. This is my second financially positive trading week in a long time if not since forever, and I owe it to Strat who kicked his teaching into my head with exactly what I needed. I still make too many mistakes, but I just make them because I err away from the Path sometimes, not because of the method. Psychology is what makes the trader, the method is common sense really. With that, I wish you all a great weekend, I need beer, lots of beer.
Congratulations again, darko, but our metric of accountability is monthly so let's see where you are at the end of April.

I need beer, lots of beer

Beer? I thought you French drank wine?
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,590
  • Apr 7, 2018 9:39am Apr 7, 2018 9:39am
GBPCAD & EURCAD

Quoting darko2010
I recently developed an obsession with CAD... {image} {image}
Make sure you understand that you are DOUBLING your RISK by trading the same currency twice.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,591
  • Edited 11:27am Apr 7, 2018 9:56am | Edited 11:27am
Add On trades

Quoting catalin_eros
{quote} After a breakout, adding on can be done successfully when price retraces, thus giving you a better entry. It is much more advanced than just this, you have to read a certain trader's posts from what Strat calls 'the comedy thread', in order to understand how it is done. Since Strat ignored that trader, I am not sure I am allowed to post his name here, as Strat might get upset with me, much more than when I screw up with M5 trading.
It is much more advanced than just this, you have to read a certain trader's posts from what Strat calls 'the comedy thread', in order to understand how it is done.

RUBBISH!!!!!

Ask that certain trader where HE learned to add on. In fact, ask him where HE learned PRICE ACTION - HE posted on the Comedy Thread several times that HE learned it ON HERE! HE doesn't understand where and when to add on because HE uses an EA to do it! HE is an indicator junkie PRETENDING to be a PRICE ACTION trader! HE would have a heart attack if HE tried to do it manually like REAL PRICE ACTION traders do.

And, I'll give you ONE GUESS from where and from who HE COPIED this from:


Quoting EuroNews
this sounds to be really realistic and profitable system for new traders to wet their feet in forex water.
Trade the Trend of the Moment:

when you pick the timeframe you want to trade and trade the trend of that moment, you are more likely to make some money.
but you must know how to trade with Price Action and the consistent use of Support and Resistance.
There are a lot of things you need to learn about the markets and what is Price Action

Attached Image


Add Ons are part of PASR and are explained many times in my "old" original thread.

Since Strat ignored that trader, I am not sure I am allowed to post his name here, as Strat might get upset with me

Damn right! That is an AUTOMATIC IGNORE!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,592
  • Apr 7, 2018 10:05am Apr 7, 2018 10:05am
NZDCAD

Quoting Bestof27
{quote} My mistake, there is no WCC. But BB and B are not in harmony
Really glad that you revisited this and corrected yourself.

Disappointed that others on here are not paying attention or are not interested in helping their fellow students. Thank you for yours.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,593
  • Apr 7, 2018 10:17am Apr 7, 2018 10:17am
Quoting strat
PASR {quote} I thought you French drank wine?
Glenmorangie 18 or higher beats red wine any day of the week
  • #3,594
  • Apr 7, 2018 10:20am Apr 7, 2018 10:20am
Quoting strat
GBPCAD & EURCAD {quote} Make sure you understand that you are DOUBLING your RISK by trading the same currency twice.
Very true, I am acutely aware of that and I generally adjust size in that regard
  • #3,595
  • Apr 7, 2018 10:43am Apr 7, 2018 10:43am
GBPCAD

Food for thought for the week end.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #3,596
  • Apr 7, 2018 10:52am Apr 7, 2018 10:52am
Quoting strat
NZDCAD {quote} Really glad that you revisited this and corrected yourself. Disappointed that others on here are not paying attention or are not interested in helping their fellow students. Thank you for yours.
On my own part I'm sorry for this, but why I don't normally attend to fellow traders or newbie traders here on public forum is because some are sarcastic in nature, and moreover I specialise on the aspects of your M5 PASR Trend Trading Strategy, where everything is all about TREND! TREND!! TREND!!!


Strat, do have a wonderful weekend,
Yomi.
Time always comes before price
  • #3,597
  • Apr 7, 2018 10:56am Apr 7, 2018 10:56am
I was going through the forum again and I thought to share this
Attached File(s)
File Type: pdf Vadym Graifer, Christopher Schumacher - Techniques of Tape Reading.pdf   4.1 MB | 1,441 downloads


Some may remember that it is mentioned somewhere.

have a nice weekend
  • #3,598
  • Edited 11:46am Apr 7, 2018 11:23am | Edited 11:46am
Quoting strat
GBPCAD Food for thought for the week end. {image} {image} {image}
Lets try something

BB is going up
B is going down, retracing
W made a BUEB BUOB at support zone + in strat shadow

Could be a buy setup, but B has not yet confirmed ...

Found similarities with EURCAD
  • #3,599
  • Edited 12:00pm Apr 7, 2018 11:39am | Edited 12:00pm
Quoting strat
GBPCAD Food for thought for the week end. {image} {image} {image}

Food for thought....Looks like the potential for a lot of groceries.

Price is in a very large WCC where it is almost 2:1 to the top of the candle. But the other thing is that the top of the WCC has been hammered hard on 6 different days.


For me. Monday would be a day to watch this. Maybe get a lower risk entry on the 4h chart. take partial profits near top of WCC. Move stop to BE at that time and see if it can bust through. Final target about 1.8935 which I would further shave down to 1.8880 or so to get away from BRN.

Attached Image (click to enlarge)
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EDIT:::::::::

Adding this in. Second tentative target about 1.8532. If price slices through entire zone leave it for the higher target.

Attached Image (click to enlarge)
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,600
  • Apr 7, 2018 11:45am Apr 7, 2018 11:45am
Quoting Bestof27
{quote} Lets try something BB is going up B is going down, retracing W made a BUEB BUOB at support zone + in strat shadow Could be a buy setup, but W has not yet confirmed ... Found similarities with EURCAD
WCC is so big that I didn't see it ....
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