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Strat's PASR Long Term, Stress Free Trading

  • #3,821
  • Apr 11, 2018 1:26pm Apr 11, 2018 1:26pm
Quoting strat
The Worker PRICE closing below the Weekly Control Candle means NOTHING until the Boss PRICE closes below the Weekly Control Candle. Go back and look at other similar conditions where the Worker PRICE closes below the Weekly Control Candle and then CLOSES back inside it giving you a fake entry and probable loss. Make sure you protect your profit and UNDERSTAND Weekly Control Candles
Thanks for the feedback, Strat. Got that point and will try to have a look at it in the future.
  • #3,822
  • Apr 11, 2018 2:37pm Apr 11, 2018 2:37pm
Quoting strat
{quote} All this reading is good, even better if it is about Trading Psychology BUT it will not make you a better trader. You need to put into practice what you have learned and JUST DO IT. Over all these 9+ years I have been on here, the students who progress to being consistently profitable are the ones who trade and post their trades, good or bad, until they are "straticised". There are good examples of this already on this thread. JUST DO IT rather than read about it!
Hello.
I am still paper trading and trying to fit my dayjob around monitoring the charts efficiently. I will try to post at least the trades that I am being wrong (even paper trading)
Here is one that I happened to watch happening live, it was the 5min candle on oil inventories news
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Have a nice evening and night
  • #3,823
  • Apr 11, 2018 2:44pm Apr 11, 2018 2:44pm
WTI CRUDE OIL M5 PASR Trend Trading

Quoting bistolis
{quote} Hello. I am still paper trading and trying to fit my dayjob around monitoring the charts efficiently. I will try to post at least the trades that I am being wrong (even paper trading) Here is one that I happened to watch happening live, it was the 5min candle on oil inventories news {image} Have a nice evening and night
That would have been nice, really nice!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,824
  • Apr 11, 2018 4:16pm Apr 11, 2018 4:16pm
CADJPY Worker

Quoting darko2010
CADJPY Worker And this is why breaking a WCC is not enough sometimes to motivate an entry... {image}
darko, remember this post?

See where PRICE is at now (at Boss Strat Shadow resistance)

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15 YEARS OF PASR ON FOREX FACTORY!
  • #3,825
  • Edited 5:40pm Apr 11, 2018 5:27pm | Edited 5:40pm
Quoting strat
CADJPY Worker {quote} darko, remember this post? See where PRICE is at now (at Boss Strat Shadow resistance) {image} {image}
What can I say Sensei? Once again, you were right and I was blessed with another lesson.
The things we create to obstruct our eyes from seeing...
I am done using trendlines, the shadow is way more powerful
  • #3,826
  • Edited 10:04pm Apr 11, 2018 9:29pm | Edited 10:04pm
"Selling into Support"
Quoting strat
USDCAD Worker 1125 pips {image}
what is "Selling into Support"? from old thread #post 21355
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Dear Strat,

can you explain more details about your post USDCAD? I am puzzle with that.
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Why you take the entry 1,2,3,4? (I only take the entry 5.)
1- could it be called "selling into support"?
2- what do you think about the long wick of the candle 0, 1? Is it HAMMER if we didn't know the right candle of candle 1?
3- what do you think about the trend which strat shadow is telling?

If my question is stupid, i am apologize and please be patience with me.

Thanks

Best regards
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #3,827
  • Edited 6:32am Apr 12, 2018 12:08am | Edited 6:32am
Quoting strat
USDCAD Worker 1125 pips {image}
Hi Strat

Would you have entered this trade without the shooting star on the Big Boss ?

What is your risk management taking 4 positions in a week time at nearly the same price ?

Why taking multi positions as price was going sideways on the worker ?
  • #3,828
  • Apr 12, 2018 3:53am Apr 12, 2018 3:53am
Hi guys

Back from holiday but busy couple of days. Missed the big move Tuesday cos too busy. It's a bit late now, but I put on a M5 EUR/USD trade yesterday which I got out of at scratch.
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  • #3,829
  • Apr 12, 2018 4:19am Apr 12, 2018 4:19am
Damn I missed it!

I knew I was looking for shorts this morning on M5 EUR/USD, but didn't see an entry that looked rational enough for me.

London open is somewhere around the * - I was looking for shorts when price moved out of the fairly wide channel it has created and strat shadow went negative - then missed the boat entirely.

Some ideas for an entry?
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  • #3,830
  • Apr 12, 2018 7:10am Apr 12, 2018 7:10am
Quoting Humbucker
Damn I missed it! I knew I was looking for shorts this morning on M5 EUR/USD, but didn't see an entry that looked rational enough for me. London open is somewhere around the * - I was looking for shorts when price moved out of the fairly wide channel it has created and strat shadow went negative - then missed the boat entirely. Some ideas for an entry? {image}
Seriously? That's not for the FF version of candid camera?
  • #3,831
  • Apr 12, 2018 7:21am Apr 12, 2018 7:21am
Quoting strat
USDCAD Worker 1125 pips {image}
And no one asking why Strat took his entries where he took them...
C'mon people, Strat doesn't bite (hard)
  • #3,832
  • Apr 12, 2018 7:26am Apr 12, 2018 7:26am
Quoting Humbucker
Damn I missed it! I knew I was looking for shorts this morning on M5 EUR/USD, but didn't see an entry that looked rational enough for me. London open is somewhere around the * - I was looking for shorts when price moved out of the fairly wide channel it has created and strat shadow went negative - then missed the boat entirely. Some ideas for an entry? {image}
The entry point is in the mark i make, but in lower time frame. Not all pips have to be captured, or you'll end capturing pips where there's no.
Attached Image
  • #3,833
  • Apr 12, 2018 7:34am Apr 12, 2018 7:34am
Quoting darko2010
{quote} And no one asking why Strat took his entries where he took them... C'mon people, Strat doesn't bite (hard)
Hi Darko

Yes, I had a guess about the setup on post 3820
Asking questions on post 3827

Cj.cn asks questions on post 3826
  • #3,834
  • Apr 12, 2018 7:49am Apr 12, 2018 7:49am
Quoting darko2010
{quote} And no one asking why Strat took his entries where he took them... C'mon people, Strat doesn't bite (hard)
Hi Darko,
Well I have plenty of questions.But I keeping them to me for the time being. Until I finish reading all the posts from the previous thread. Even though I am following M5 strategy (which is in this thread) . I even don't mind a little bite from coach...but I feel bad to jump in with many questions without putting some efforts from my part.
Focus, Patience, Discipline, Determination and Perseverance
  • #3,835
  • Apr 12, 2018 7:51am Apr 12, 2018 7:51am
Quoting Suran
{quote} Hi Darko, Well I have plenty of questions.But I keeping them to me for the time being. Until I finish reading all the posts from the previous thread. Even though I am following M5 strategy (which is in this thread) . I even don't mind a little bite from coach...but I feel bad to jump in with many questions without putting some efforts from my part.
Good attitude
  • #3,836
  • Apr 12, 2018 9:22am Apr 12, 2018 9:22am
XAU USD M5

Beside forex I have an eye on gold. Took 2 trades today, when I saw a trend on M5 (see arrows):

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  • #3,837
  • Apr 12, 2018 9:41am Apr 12, 2018 9:41am
Quoting Cj.cn
"Selling into Support" {quote} what is "Selling into Support"? from old thread #post 21355 {image} Dear Strat, can you explain more details about your post USDCAD? I am puzzle with that. {image} Why you take the entry 1,2,3,4? (I only take the entry 5.) 1- could it be called "selling into support"? 2- what do you think about the long wick of the candle 0, 1? Is it HAMMER if we didn't know the right candle of candle 1? 3- what do you think about the trend which strat...
Selling into Support is clearly shown on that chart.

The USDCAD entries are taken by experienced PASR traders.

Your questions tell me you should be reading and understanding both my threads at least twice before you start asking questions.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,838
  • Apr 12, 2018 9:55am Apr 12, 2018 9:55am
USDCAD

Quoting Bestof27
{quote} Hi Strat Would you have entered this trade without the shooting star on the Big Boss ? What is your risk management taking 4 positions in a week time at nearly the same price ? Why taking multi positions as price was going sideways on the worker ?
Would you have entered this trade without the shooting star on the Big Boss ?

That is only one third of the analysis - PASR is a 3 time frame strategy using The Power of Time Frames

What is your risk management taking 4 positions in a week time at nearly the same price ?

Rule #1

Why taking multi positions as price was going sideways on the worker ?

To maximise profit in a Classic PASR set up
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,839
  • Apr 12, 2018 9:58am Apr 12, 2018 9:58am
M5

Quoting Humbucker
Damn I missed it! I knew I was looking for shorts this morning on M5 EUR/USD, but didn't see an entry that looked rational enough for me. London open is somewhere around the * - I was looking for shorts when price moved out of the fairly wide channel it has created and strat shadow went negative - then missed the boat entirely. Some ideas for an entry? {image}
Some ideas for an entry?

Yes. Read, Learn and UNDERSTAND my M5 PASR Trend Trading strategy if you are going to post M5 trades on here
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,840
  • Apr 12, 2018 10:02am Apr 12, 2018 10:02am
XAU USD M5 PASR Trend Trading

Quoting Malu
XAU USD M5 Beside forex I have an eye on gold. Took 2 trades today, when I saw a trend on M5 (see arrows): {image}
Good but did you take profit?
15 YEARS OF PASR ON FOREX FACTORY!
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