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Strat's PASR Long Term, Stress Free Trading

  • #4,021
  • Apr 20, 2018 7:32am Apr 20, 2018 7:32am
Quoting fxrabbi
EURCAD M5 PASR Trend Trading: LIVE at the MOVING HARD RIGHT EDGE...........where the Strat Shadow is showing SAW TOOTH BLADE STRUCTURE. Happy Trading, Yomi. {image}

Yomi,
I have a question for you, if you dont mind?

I see you don't have any S/R lines on the chart most of the times. Are you removing them after the trade ? ( I remember you said earlier.. you look for S/R in H1 and H4 before)

gr8 trading..

Regards.

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #4,022
  • Edited 8:12am Apr 20, 2018 7:47am | Edited 8:12am
Quoting Suran
{quote} Yomi, I have a question for you, if you dont mind? I see you don't have any S/R lines on the chart most of the times. Are you removing them after the trade ? ( I remember you said earlier.. you look for S/R in H1 and H4 before) gr8 trading.. Regards. Suranga

Hi Suran,

Yes, I trade PURE TREND on M5, but I use S/R levels from H4 & H1 to compliments my trades in form of Entry and Exit. Some times I do have them there and some times I do removed them, but I know where/when to enter and when/where to exit my trades.



Happy Trading,
Yomi.
Time always comes before price
  • #4,023
  • Edited 9:07am Apr 20, 2018 8:44am | Edited 9:07am
Quick M5 EUR/USD short for +19:

Didn't like this morning's short (ringed) due to lack of precedent from previous session.

However, in the afternoon I looked for a follow-through in the US session. I liked the trade because my entry (top black line) got me in with a single-digit stop behind PA and at Strat Shadow resistance.

Price broke through Worker support (top red line, also found a ways back on H4 Big Boss), then stalled at my next S/R (lower red line) which is another older Big Boss level. Since I'm generally a London morning trader, I thought that little dose of pips was good for me: I generally stop looking at the market about now and get on with w**k. Out at the lower black line.

As I write PRICE is pushing through my S/R level - what's a guy gonna do?!?

Have a great weekend - finally some sun!
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  • #4,024
  • Apr 20, 2018 9:22am Apr 20, 2018 9:22am
Quoting fxrabbi
EURCAD M5 PASR Trend Trading: LIVE at the MOVING HARD RIGHT EDGE...........where the Strat Shadow is showing SAW TOOTH BLADE STRUCTURE. Happy Trading, Yomi. {image}
Snap for me today on this too Yomi.
78 lovely pips banked!
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Study enough and it all starts looking like the Matrix...
  • #4,025
  • Apr 20, 2018 9:27am Apr 20, 2018 9:27am
One one other trade on M5 today for me too.
This one is a loser. 16 pips in total for my 2 position.
An overall 62 pips in the bank for me today. Finished at lunchtime.

My initial stop on this was reduced as I saw price struggling to get through the next resistance. What I SHOULD have done is close it when the shooting star appeared and taken a tiny profit.
Another lesson in the bag.
Attached Image (click to enlarge)
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Study enough and it all starts looking like the Matrix...
  • #4,026
  • Apr 20, 2018 9:50am Apr 20, 2018 9:50am
M5 PASR Trend Trading

Quoting Suran
When I see this chart today.. I was like.......wow this is what Strat has been talking about....am I right.. My main aim is to practice..identifying the tooth blade structure type...trend these days... {image}
The "saw tooth blade" structure and trend mean different things to different people. Yomi has a slightly different version of "saw tooth blade structure" and entry but with the same trend and does very well trading it.

My "saw tooth blade" structure is much smoother, see examples on Posts 903, 905, 943 etc. Very disappointed that you did not do your own "homework" and find these for yourself as they are all on this thread. You should also buy a tenon saw or at least look at close up photos of the blade to understand what I mean.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,027
  • Apr 20, 2018 9:52am Apr 20, 2018 9:52am
M5 PASR Trend Trading

Quoting samsonwebdes
{quote} Will post all my M5 trades next time. Point taken about learning from the bad ones. I can see where I've gone wrong when I analyse them and get out quick usually. That one I posts where I took a 30 pip loss at my stop loss was one I didn't see and get out of manually. Regarding trading in opposite directions. I try to only take one trade in a pair at a time but hard when you see price action on M5 charts as it moves so fast. I think I have itchy trigger syndrome sometimes when the market is slow on M5. I think rather than watching 12 pairs...
I'll get back to you later
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,028
  • Apr 20, 2018 9:58am Apr 20, 2018 9:58am
Quoting Malu
EUR JPY Good morning, would like to share my 3 time frames analysis for EUR JPY: BB: despite the strong correction in Feb the uptrend is still intact. B: interesting situation. Here we can also see the correction mid Feb until End of March. But correction stopped at the Strat shadow and found support , so buyers came back (BUEB Gewinnung of March). The swing low was also confirmed in the meantime, so ready for the way up again. Price also closed above WCC. W: same situation. Strat shadow green now , buyers are back in control. Price closed above...
I may wrong, but when I see the biggest short candle at the end of up trend I think it is: A lot of long close while a lot of build short.

So, why be long there? I only be long there if cross the Highest High.
  • #4,029
  • Apr 20, 2018 10:01am Apr 20, 2018 10:01am
Quoting strat
M5 PASR Trend Trading {quote} .... Very disappointed that you did not do your own "homework"...
....I already saw them and downloaded them ...but it seems not gone to my head properly yet. that's may be what you mean by "practice 1000 charts" ..sorry BOSS...

I will keep practicing..well that's what I have been doing all the day...
Attached Image
Focus, Patience, Discipline, Determination and Perseverance
  • #4,030
  • Apr 20, 2018 10:01am Apr 20, 2018 10:01am
EURJPY

Quoting Malu
EUR JPY Good morning, would like to share my 3 time frames analysis for EUR JPY: BB: despite the strong correction in Feb the uptrend is still intact. B: interesting situation. Here we can also see the correction mid Feb until End of March. But correction stopped at the Strat shadow and found support , so buyers came back (BUEB Gewinnung of March). The swing low was also confirmed in the meantime, so ready for the way up again. Price also closed above WCC. W: same situation. Strat shadow green now , buyers are back in control. Price closed above...
All 3 time frames are not in harmony and, more important, there is little movement on this pair meaning the Big Boys have their attentions elsewhere.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,031
  • Apr 20, 2018 10:08am Apr 20, 2018 10:08am
PASR

Quoting Svolacius
{quote} Good thing that I closed that trade and went away with 100 pips! You were right again, Strat, classic buying into resistance that I thought is broken. Have to get rid of that habit of trying to jump in early, so I could get as much pips as possible. This trade was lucky, not well executed. I am attaching some thoughts about this pair now that I investigated it further. Share what you guys see here with this pair. {image} {image} {image}
so I could get as much pips as possible

Didn't you say you had my "Mantra" posted to your monitor? If so, it must be just wallpaper as you are not UNDERSTANDING it, especially the last 2 lines!

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Professionals THINK about how much they will LOSE - not how much they will win!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,032
  • Apr 20, 2018 10:10am Apr 20, 2018 10:10am
EURCAD M5 PASR Trend Trading: 100 pips

Quoting fxrabbi
EURCAD M5 PASR Trend Trading: LIVE at the MOVING HARD RIGHT EDGE...........where the Strat Shadow is showing SAW TOOTH BLADE STRUCTURE. Happy Trading, Yomi. {image}
Very smart to Take Profit when you did, Yomi. New York reversed most of that trend in ONE candle!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,033
  • Apr 20, 2018 10:15am Apr 20, 2018 10:15am
Quoting strat
EURCAD M5 PASR Trend Trading: 100 pips {quote} Very smart to Take Profit when you did, Yomi. New York reversed most of that trend in ONE candle!
Saw it
  • #4,034
  • Apr 20, 2018 10:19am Apr 20, 2018 10:19am
EURUSD M5 PASR Trend Trading

Quoting Humbucker
Quick M5 EUR/USD short for +19: Didn't like this morning's short (ringed) due to lack of precedent from previous session. However, in the afternoon I looked for a follow-through in the US session. I liked the trade because my entry (top black line) got me in with a single-digit stop behind PA and at Strat Shadow resistance. Price broke through Worker support (top red line, also found a ways back on H4 Big Boss), then stalled at my next S/R (lower red line) which is another older Big Boss level. Since I'm generally a London morning trader, I thought...
I liked the trade because my entry (top black line) got me in with a single-digit stop behind PA and at Strat Shadow resistance.

That is the beauty of my M5 PASR Trend Trading strategy - very small RISK for BIG REWARD

I thought that little dose of pips was good for me

Little steps on The Path are good.

As I write PRICE is pushing through my S/R level - what's a guy gonna do?!?

Learn and understand PASR and the Strat Shadow and in particular how PRICE behaves and reacts in and around the Strat Shadow.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,035
  • Apr 20, 2018 10:21am Apr 20, 2018 10:21am
EURCAD M5 PASR Trend Trading 78 pips

Quoting samsonwebdes
{quote} Snap for me today on this too Yomi. 78 lovely pips banked! {image}
Getting better with each trade!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,036
  • Apr 20, 2018 10:27am Apr 20, 2018 10:27am
GBPNZD M5

Quoting samsonwebdes
One one other trade on M5 today for me too. This one is a loser. 16 pips in total for my 2 position. An overall 62 pips in the bank for me today. Finished at lunchtime. My initial stop on this was reduced as I saw price struggling to get through the next resistance. What I SHOULD have done is close it when the shooting star appeared and taken a tiny profit. Another lesson in the bag. {image}
What I SHOULD have done is close it when the shooting star appeared and taken a tiny profit

Are you sure you understand PASR? Especially when, a few posts back, I told another trader the exact same thing about exiting at the Shooting Star.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,037
  • Edited 12:10pm Apr 20, 2018 10:34am | Edited 12:10pm
Quoting strat
EURCAD M5 PASR Trend Trading: 100 pips {quote} Very smart to Take Profit when you did, Yomi. New York reversed most of that trend in ONE candle!
I later saw it, but I had plan to exit that trade before the release of the Red News on CAD, but thank God it hit my TP of 50pips x 2 trades/entries before the release of the News.
Time always comes before price
  • #4,038
  • Apr 20, 2018 10:36am Apr 20, 2018 10:36am
Quoting strat
GBPNZD M5 {quote} What I SHOULD have done is close it when the shooting star appeared and taken a tiny profit Are you sure you understand PASR? Especially when, a few posts back, I told another trader the exact same thing about exiting at the Shooting Star.
Yes understanding is sinking in. Actioning my understanding is coming with practice.
I saw it and actually said out loud "this looks like a reversal". Then I reduced my stop to a tiny risk. Getting there.
Study enough and it all starts looking like the Matrix...
  • #4,039
  • Apr 20, 2018 12:05pm Apr 20, 2018 12:05pm
USDCAD M5 PASR Trend Trading:


Bonus/EOD trade:




Happy Trading,
Yomi.
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Time always comes before price
  • #4,040
  • Apr 20, 2018 12:05pm Apr 20, 2018 12:05pm
Quoting fxrabbi
EURCAD M5 PASR Trend Trading: LIVE at the MOVING HARD RIGHT EDGE...........where the Strat Shadow is showing SAW TOOTH BLADE STRUCTURE. Happy Trading, Yomi. {image}
Hello Yomi, congratulations for what you do. I was studying this your trade on my chart and on my chart I have identified all these supports. I saw that the price that reacted to all levels that I identified, although very weakly and then resume the path of the trend. Personally I would never have taken this trade
for all levels of support that I would have identified. You knew the trend would break all these levels or you did not take them into consideration. And why?

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