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Strat's PASR Long Term, Stress Free Trading

  • #4,081
  • Apr 23, 2018 9:54am Apr 23, 2018 9:54am
DOW M5

I don't like to live in fear, and the Dow scares me to sh*t
So I have monitored PA for some time, took a sell after the SS-ish bar where price was pushed back by M20 and manually exited at +50 pips
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  • #4,082
  • Edited 10:39am Apr 23, 2018 9:57am | Edited 10:39am
AUDUSD M1

Quoting liruso
AUDUSD-M1. Exit at first H4 Res. Still practicing {image}
7 HOURS glued to a screen watching M1 for a 31 pip move - YOU MUST BE CRAZY MAD!!!!!!

GET A LIFE BEFORE LIFE GETS YOU!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,083
  • Apr 23, 2018 10:21am Apr 23, 2018 10:21am
M5 Bonus trade (as Yomi likes to say)

EUR/JPY
Saw a break of resistance shortly after US open. Added 2 small positions.
TP1 hit then a BEEB at resistance so closed second position.
I added on too but the big bearish candle scared me out of that for 2 pips profit.

+27 to add to todays tally.

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Study enough and it all starts looking like the Matrix...
  • #4,084
  • Apr 23, 2018 10:26am Apr 23, 2018 10:26am
Quoting samsonwebdes
{quote} If I'd have seen that pullback and huge BEEB I'd have been on it like a shot. When price opens above the shadow and closes below it's a big signal. Look at that lovely support/resistance too. 12 pip S/L on a pair with an ATR of 7 is a great R:R candidate. Personally I don't watch that pair though as it's volatility is very low compared to other EUR and USD pairs. {image} {image}
Many thanks for your feedback! I didn't think properly about the Worker S/R, the BEEB, open above/close below. Forest, trees etc...
  • #4,085
  • Apr 23, 2018 10:34am Apr 23, 2018 10:34am
Quoting samsonwebdes
M5 Bonus trade (as Yomi likes to say) EUR/JPY Saw a break of resistance shortly after US open. Added 2 small positions. TP1 hit then a BEEB at resistance so closed second position. I added on too but the big bearish candle scared me out of that for 2 pips profit. +27 to add to todays tally. {image}
Weldone, I can see your improvement here on M5 PASR Trend Trading Strategy, please keep it up.

That's when I have met my target for that day, which I have set at 100 pips per day now.


Happy Trading,
Yomi.
Time always comes before price
  • #4,086
  • Apr 23, 2018 10:35am Apr 23, 2018 10:35am
USDJPY M5 ("FAILED" TRADE)

After my initial UJ trade this morning, I felt the movement was not done for the day.
I jumped on the back of the nice hammer but when price got back to the small resistance area, my little people started messing with me.
Was I starting to SEE things or was I just cocky? I took what I believed to be the humble route and got out with a handful of pips. So this is not a losing trade per se but a nice demonstration of what little people can and will do sometimes. It happens to all of us, better share it in the open, no shame in being prudent. There are opportunities every day
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  • #4,087
  • Apr 23, 2018 10:42am Apr 23, 2018 10:42am
Quoting darko2010
USDJPY M5 ("FAILED" TRADE) After my initial UJ trade this morning, I felt the movement was not done for the day. I jumped on the back of the nice hammer but when price got back to the small resistance area, my little people started messing with me. Was I starting to SEE things or was I just cocky? I took what I believed to be the humble route and got out with a handful of pips. So this is not a losing trade per se but a nice demonstration of what little people can and will do sometimes. It happens to all of us, better share it in the open, no shame...
Hi Darko.

I've made quite a few of those little worried trades and get outs in the past week so know your pain.
I don't see that candle as a hammer. Not really small enough head for me and as it's inside the shadow I'd be looking for a BUOB or BUEB closing above the shadow to signal me to get in.

You got in and out unscathed which is half the battle. Rule #1 reigns supreme.
Study enough and it all starts looking like the Matrix...
  • #4,088
  • Apr 23, 2018 10:43am Apr 23, 2018 10:43am
First attempt: closed for changed conditions (and maybe too far from the shadow?)
Second attempt: R:R = 1:3.5

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  • #4,089
  • Apr 23, 2018 10:48am Apr 23, 2018 10:48am
Quoting fxrabbi
{quote} Weldone, I can see your improvement here on M5 PASR Trend Trading Strategy, please keep it up. That's when I have met my target for that day, which I have set at 100 pips per day now. Happy Trading, Yomi.
Thanks Yomi.
I'm feeling more at home with it now but still a little shakey with my entries. All part of being on the path. Finding my style with it which is a cross between basic PASR and your entries.
I'm bagging positive pips every day though when I get time to trade M5 which has to be a good thing! 100 pips a day would set me up full time!
I want to see it working consistently for me at least a month or two though before I start putting a bigger balance in and bigger positions.
Study enough and it all starts looking like the Matrix...
  • #4,090
  • Apr 23, 2018 10:50am Apr 23, 2018 10:50am
Quoting samsonwebdes
{quote} Hi Darko. I've made quite a few of those little worried trades and get outs in the past week so know your pain. I don't see that candle as a hammer. Not really small enough head for me and as it's inside the shadow I'd be looking for a BUOB or BUEB closing above the shadow to signal me to get in. You got in and out unscathed which is half the battle. Rule #1 reigns supreme.
Thanks for the commiseration
I am still fighting against some of my old habits, such as refusing to buy after the BUOB on the back of USD news. I feel there are still times when it becomes personal although it shouldn't, the good news is that is happens less and less

+80 pips for a slow Monday, I know I had worse Mondays and I will focus on that thought
  • #4,091
  • Apr 23, 2018 10:53am Apr 23, 2018 10:53am
Quoting darko2010
USDJPY M5 ("FAILED" TRADE) After my initial UJ trade this morning, I felt the movement was not done for the day. I jumped on the back of the nice hammer but when price got back to the small resistance area, my little people started messing with me. Was I starting to SEE things or was I just cocky? I took what I believed to be the humble route and got out with a handful of pips. So this is not a losing trade per se but a nice demonstration of what little people can and will do sometimes. It happens to all of us, better share it in the open, no shame...
Your mind can deceive you, BUT your plan will NOT. Your trading plan is always right.


Happy Trading,
Yomi.
Time always comes before price
  • #4,092
  • Apr 23, 2018 10:55am Apr 23, 2018 10:55am
Quoting samsonwebdes
{quote} Thanks Yomi. I'm feeling more at home with it now but still a little shakey with my entries. All part of being on the path. Finding my style with it which is a cross between basic PASR and your entries. I'm bagging positive pips every day though when I get time to trade M5 which has to be a good thing! 100 pips a day would set me up full time! I want to see it working consistently for me at least a month or two though before I start putting a bigger balance in and bigger positions.
I know/believe you can do it, with the way you are going.
Time always comes before price
  • #4,093
  • Apr 23, 2018 11:30am Apr 23, 2018 11:30am
Quoting samsonwebdes
{quote} You got in and out unscathed which is half the battle. Rule #1 reigns supreme.
A trade is like an argument with your wife: getting into one is easy, getting out of it without damage is hard
  • #4,094
  • Apr 23, 2018 11:33am Apr 23, 2018 11:33am
Quoting darko2010
{quote} Trading is like having an argument with your wife: getting into one is easy, getting out of it without damage is hard
That's the best bloody analogy of trading I've ever heard!
Getting out of an argument with the missus without financial loss too!
Study enough and it all starts looking like the Matrix...
  • #4,095
  • Apr 23, 2018 11:36am Apr 23, 2018 11:36am
Quoting samsonwebdes
{quote} That's the best bloody analogy of trading I've ever heard! Getting out of an argument with the missus without financial loss too!
I take it you are married
  • #4,096
  • Apr 23, 2018 11:42am Apr 23, 2018 11:42am
EURUSD M5 PASR Trend Trading:

Small appetite for the week ahead......



Happy Trading,
Yomi.
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Time always comes before price
  • #4,097
  • Apr 23, 2018 11:49am Apr 23, 2018 11:49am
Quoting fxrabbi
EURUSD M5 PASR Trend Trading: Small appetite for the week ahead...... Happy Trading, Yomi. {image}
Nicely done Yomi, I was thinking you would join me on USDJPY though
  • #4,098
  • Apr 23, 2018 11:49am Apr 23, 2018 11:49am
Quoting darko2010
{quote} I take it you are married
Yes. 10 years. Same amount of time roughly I've been trying to learn to trade consistently profitably.
My blown accounts are WAAAYYYYYY smaller in comparison to my argument losses!
Study enough and it all starts looking like the Matrix...
  • #4,099
  • Apr 23, 2018 11:55am Apr 23, 2018 11:55am
Quoting darko2010
{quote} Nicely done Yomi, I was thinking you would join me on USDJPY though
USDJPY is out of my trdaing/watching pairs because of it low volatility, so I don't trade it.
Time always comes before price
  • #4,100
  • Apr 23, 2018 12:11pm Apr 23, 2018 12:11pm
I'll mix in some Worker charts into your M5 trading conversation. GBP/CAD seems to be at a good position right now, with many levels coming together at the same price level. It looks to me like bottom of WCC, BB support and strong rejection at SS bottom formed a hammer. That to my mind seems like a sign of opening a long position with SL just below SS and WCC bottom, potential TP WCC top.

Why I WOULD NOT want to take this trade right now: Big Boss and Boss are not aligned yet. This week could show if price is retracing deeper or continuing with BB direction.
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