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Strat's PASR Long Term, Stress Free Trading

  • #3,921
  • Apr 16, 2018 5:40am Apr 16, 2018 5:40am
Quoting samsonwebdes
So I had a cancelled meeting this morning which freed up a few hours I wasn't expecting, so I naturally thought of Yomi. No, not in that way. I thought I'll take a look at all his posts again and study those 5 minute charts. I spent an hour looking at them and at 9AM I thought lets have another go. Although I'm happy on the daily and making good progress I want to try and nail 5 minute PASR again. I see people like Darko making great headway and I must be missing something. So I sat on my hands watching 12 pairs after the London market had opened...
Beautiful, really textbook entries.
You clearly have a natural gift for M5 as well
  • #3,922
  • Apr 16, 2018 6:08am Apr 16, 2018 6:08am
[quote = Suran; 10968313] {quote} Essayez ceci ... vous devriez augmenter la largeur dans le réglage des rubans MA comme indiqué dans ma capture d'écran concernant Suranga {image} {image} [/ quote]
Thank you very much! I'm an idiot!
it works very well now.
Attached Image (click to enlarge)
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  • #3,923
  • Apr 16, 2018 6:13am Apr 16, 2018 6:13am
Quoting darko2010
{quote} Beautiful, really textbook entries. You clearly have a natural gift for M5 as well
I wouldn't say I have a natural gift just yet!
Only one trade but and have failed trying M5 before with the shadow.

Thing I changed this time is waiting until London was established a bit more and had lots of Yomis charts etched into my brain from staring at them for an hour!
Waiting for that first strong pullback and break of resistance after it seems to me to be the lightbulb moment and I actually saw it on that trade today. Looked left and saw no traffic on the chart so went for it.

More happy that I closed my charts and wasn't tempted to trade again so those 60 pips are safe. Yomi will probably post a similar chart now with 200 pips on the same pair.
Study enough and it all starts looking like the Matrix...
  • #3,924
  • Apr 16, 2018 6:36am Apr 16, 2018 6:36am
Quoting samsonwebdes
{quote} I wouldn't say I have a natural gift just yet! Only one trade but and have failed trying M5 before with the shadow. Thing I changed this time is waiting until London was established a bit more and had lots of Yomis charts etched into my brain from staring at them for an hour! Waiting for that first strong pullback and break of resistance after it seems to me to be the lightbulb moment and I actually saw it on that trade today. Looked left and saw no traffic on the chart so went for it. More happy that I closed my charts and wasn't...
I literally forced myself not to buy GU and GC this morning, happy that all those pips didn’t go to waste after all.
Catch you later this week
  • #3,925
  • Apr 16, 2018 6:43am Apr 16, 2018 6:43am
No pressure 15 min PASR

Session over for me for today, good to be back in the chair taking profits...

EURCAD

Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM15.png Size: 54 KB


GBPJPY

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 62 KB


EURNZD

Attached Image (click to enlarge)
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And the sun is finally shining!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #3,926
  • Apr 16, 2018 6:50am Apr 16, 2018 6:50am
Quoting Svolacius
{quote} Thank you for the insights, it was a really pleasant surprise to see so much feedback from you guys. BB chart's slowdown is pretty major to me, which suggests that the big boys are easing off the selling pressure on this pair, as well as other CAD pairs. Boss has stopped at the EMA, that's correct, but we do not base our trades on moving averages but on price action itself and last three weeks were UP UP UP! However, the retracement into Strat Shadow was why I was doubting if it's worth putting a trade but seeing other CAD pairs getting...
Yes, but...
There unlike 2 weeks ago, this week actually have other pairs that we can look into. For JPY pairs, we have GBPJPY where both weekly and monthly are clearly going up on a trend line. So does EURJPY. Why take more risks on CADJPY when there could be other better opportunity? At least that how I feel on this chart.
  • #3,927
  • Apr 16, 2018 8:03am Apr 16, 2018 8:03am
Quoting huatzhi
{quote} Yes, but... There unlike 2 weeks ago, this week actually have other pairs that we can look into. For JPY pairs, we have GBPJPY where both weekly and monthly are clearly going up on a trend line. So does EURJPY. Why take more risks on CADJPY when there could be other better opportunity? At least that how I feel on this chart.
GBP/JPY is at resistance right now, EUR/JPY could be a nice trade.
  • #3,928
  • Apr 16, 2018 8:57am Apr 16, 2018 8:57am
Hi Start and others,


Today is my first day of practice trading (demo trading) based on the M5 stratergy. Took 2 trades one was loosing trade and the other won. saw another couple of trades developing but afraid to pull the trigger. And they all turn out profitable trades.

Identified some issues I need to be working on.

1. How to figure out clear Saw toothed blade structure.
2. How to Identify proper trends
3. Need to practice more on Patience , discipline and other small people..

But when I look back the charts now (hindsight) , I can't believe how on earth anybody can loose today.Such a nice trades..

Any comments would be much appreciate.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPJPYM5.png Size: 52 KB
Focus, Patience, Discipline, Determination and Perseverance
  • #3,929
  • Apr 16, 2018 9:25am Apr 16, 2018 9:25am
Quoting Suran
Hi Start and others, Today is my first day of practice trading (demo trading) based on the M5 stratergy. Took 2 trades one was loosing trade and the other won. saw another couple of trades developing but afraid to pull the trigger. And they all turn out profitable trades. Identified some issues I need to be working on. 1. How to figure out clear Saw toothed blade structure. 2. How to Identify proper trends 3. Need to practice more on Patience , discipline and other small people.. But when I look back the charts now (hindsight) , I can't believe...
Not bad effort . however Gyen trendline is not a proper trendline.. + I doubt it's part of strat's approach. .

Just 2 cents
It's in fear when people show what they truly value.
  • #3,930
  • Edited 10:04am Apr 16, 2018 9:36am | Edited 10:04am
GBPUSD M5 PASR Trend Trading 60 pips

Quoting samsonwebdes
So I had a cancelled meeting this morning which freed up a few hours I wasn't expecting, so I naturally thought of Yomi. No, not in that way. I thought I'll take a look at all his posts again and study those 5 minute charts. I spent an hour looking at them and at 9AM I thought lets have another go. Although I'm happy on the daily and making good progress I want to try and nail 5 minute PASR again. I see people like Darko making great headway and I must be missing something. So I sat on my hands watching 12 pairs after the London market had opened...
See, you can do it! And with very good R:R
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,931
  • Apr 16, 2018 9:40am Apr 16, 2018 9:40am
EURCAD, GBPJPY & EURNZD M15 PASR Trend Trading 92 pips

Quoting BeyondTheSea
No pressure 15 min PASR Session over for me for today, good to be back in the chair taking profits... EURCAD {image} GBPJPY {image} EURNZD {image} And the sun is finally shining!
Not content to do it on M5, he goes and does it on M15 as well! Good job BTS.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,932
  • Apr 16, 2018 9:56am Apr 16, 2018 9:56am
EURAUD PASR M5 Trend Trading

Quoting Suran
Hi Start and others, Today is my first day of practice trading (demo trading) based on the M5 stratergy. Took 2 trades one was loosing trade and the other won. saw another couple of trades developing but afraid to pull the trigger. And they all turn out profitable trades. Identified some issues I need to be working on. 1. How to figure out clear Saw toothed blade structure. 2. How to Identify proper trends 3. Need to practice more on Patience , discipline and other small people.. But when I look back the charts now (hindsight) , I can't believe...
practice trading (demo trading)

Don't you read my posts? I said NOT to use "demo" and instead use "paper trade"

How to figure out clear Saw toothed blade structure.

Spend thousands of hours studying thousands of charts

How to Identify proper trends

Spend thousands of hours studying thousand of charts.

READ, LEARN and UNDERSTAND the Strat Shadow and how PRICE behaves and reacts in and around it.

Read Posts 3919 and 3923 to UNDERSTAND how samson approached this

I can't believe how on earth anybody can loose today

Well you did! So why did you? By the way it is ""LOSE"" not ""loose"" - "lose" is a verb and "loose" is an adjective

2nd trade Entered after BUEB but the next candle was a Shooting Star

This is NOT a smooth saw tooth blade structure - it is a JERKY up and down structure.

So you saw a Shooting Star - Why didn't you exit? Do you understand PASR?

GBPJPY M5

My PASR strategy does not trade trend lines. We trade PASR - READ, LEARN and UNDERSTAND the Strat Shadow and how PRICE behaves and reacts in and around it.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,933
  • Apr 16, 2018 10:24am Apr 16, 2018 10:24am
Quoting Suran
Hi Start and others, Today is my first day of practice trading (demo trading) based on the M5 stratergy. 1. How to figure out clear Saw toothed blade structure. 2. How to Identify proper trends 3. Need to practice more on Patience , discipline and other small ...

I've been looking at your business in M5
When you're in this chart M5, consider BiG BOSS on weekly or not?
You use a indicator to SR?
  • #3,934
  • Apr 16, 2018 10:33am Apr 16, 2018 10:33am
With Strats permission.
I hope to add a bit of value by sharing what I discoverd today.
Instead of posting charts of Eur/Aud or Gbp/Usd
and congratulating myself on the imotent pip haul. I thought inmay share this.
I come from a fixed odds spread betting world. My last years at university were funded by black jack and much of my adult life, subsidiaed by horse racing.
Looking for arbitrage is easy, because the risk and reward are cleary defined and finite.
If and when i hit target with horses ( 2.5 per cent for an event ) i was done.
One of my issues is worrying about tp. Especially on the low (5min) time frame.
I remedied this by concentraring on clearly defined risk ( 3 per cent per trade just because my capital is low and easily replaceable, big capital requires more risk arverse protection. this is a gambling thing) and sticking to my exit rules. I let the market tell me when.
by doing this the indifference to the result becomes managable and i dont sit all white knuckled trying to extract the last 4 pips.
the next set up is inexorable and if you have an edge like we all have, thanks to Strat and the info he has shared with us, we can progress steadily if not spectacularly.
Manage the risk and cash in.
happy trading
  • #3,935
  • Apr 16, 2018 10:47am Apr 16, 2018 10:47am
Quoting strat
EURCAD, GBPJPY & EURNZD M15 PASR Trend Trading 92 pips {quote} Not content to do it on M5, he goes and does it on M15 as well! Good job BTS.
Thanks Strat, it's all about studying the power of higher time frames...
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #3,936
  • Apr 16, 2018 10:48am Apr 16, 2018 10:48am
Quoting kik
{quote} I've been looking at your business in M5 When you're in this chart M5, consider BiG BOSS on weekly or not? You use a indicator to SR?
To save Strat the trouble I'll answer this.
The answer is somewhere from this post:
https://www.forexfactory.com/showthread.php?t=708441
Up to this post:
https://www.forexfactory.com/showthr...1#post10969551

Have a read of everything between those and you'll find the answer.
Study enough and it all starts looking like the Matrix...
  • #3,937
  • Apr 16, 2018 10:57am Apr 16, 2018 10:57am
Quoting strat
.
Hi Strat ( and Ensale),

Thank you very much for the comments. Much helpful.


Don't you read my posts? I said NOT to use "demo" and instead use "paper trade"

Yes, I read that post you mentioned not to use demo. My BAD.

By the way it is ""LOSE"" not ""loose"" - "lose" is a verb and "loose" is an adjective

yes coach.respect. forgive me for my bad typing and english


This is NOT a smooth saw tooth blade structure - it is a JERKY up and down structure.

Noted, practice 1000 charts.

So you saw a Shooting Star - Why didn't you exit? Do you understand PASR?

Damn, that option never came to my mind. I just bloody waited for price to go my direction or take my stop.

My PASR strategy does not trade trend line..

Regarding that trend line , It seams I misunderstood this chart below


And thanks a lot for your comments..and..more....

Suranga
Attached Image (click to enlarge)
Click to Enlarge Name: 21.PNG Size: 41 KB
Focus, Patience, Discipline, Determination and Perseverance
  • #3,938
  • Apr 16, 2018 11:06am Apr 16, 2018 11:06am
Quoting kik
{quote} I've been looking at your business in M5 When you're in this chart M5, consider BiG BOSS on weekly or not? You use a indicator to SR?
The answer has been written many times in this thread - READ IT!

You use a indicator to SR?

Absolutely! It is called ""EYES"" and it does what NO OTHER INDICATOR in the world can do!

I seriously doubt you are a suitable candidate for PASR with your thread hopping propensity and your dependence and fascination with indicators, flashing lights, bells and whistles.

From Post 1:

To Lurkers, know-it-alls and one post wonders

Thank you, Daniel. The only apology needed is to yourself. Only when you are honest with yourself can the learning begin (in this and all walks of life).

My thread will not be suitable for some people as I sometimes go against convention and what others say but I don't care as I know what I do works for me and now, is working for those that I teach.

You might have picked up that I detest lurkers, know it alls and one post wonders. I have no time for them and they have no business on my thread.

However, those that are genuinely seeking help in forex, I will go out of my way to help - in my way. I do not and never will spoon feed. I will stimulate your thought process with things I say, show and do and if that fits with your style, then you are welcome to join our little family. If you don't like it and you go somewhere else, I don't care.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,939
  • Edited 11:25am Apr 16, 2018 11:10am | Edited 11:25am
RISK versus REWARD

Quoting pippoacher
With Strats permission. I hope to add a bit of value by sharing what I discoverd today. Instead of posting charts of Eur/Aud or Gbp/Usd and congratulating myself on the imotent pip haul. I thought inmay share this. I come from a fixed odds spread betting world. My last years at university were funded by black jack and much of my adult life, subsidiaed by horse racing. Looking for arbitrage is easy, because the risk and reward are cleary defined and finite. If and when i hit target with horses ( 2.5 per cent for an event ) i was done. One of my issues...
With Strats permission

You can post stuff like this all day long! The more the merrier.

sticking to my exit rules. I let the market tell me when.

Definitely a big step on The Path
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,940
  • Apr 16, 2018 11:12am Apr 16, 2018 11:12am
PASR

Quoting samsonwebdes
{quote} To save Strat the trouble I'll answer this. The answer is somewhere from this post: https://www.forexfactory.com/showthread.php?t=708441 Up to this post: https://www.forexfactory.com/showthr...1#post10969551 Have a read of everything between those and you'll find the answer.
I didn't see this until after I posted my reply BUT I LIKE IT! Very clever!
15 YEARS OF PASR ON FOREX FACTORY!
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