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Strat's PASR Long Term, Stress Free Trading

  • #4,261
  • Apr 29, 2018 4:52pm Apr 29, 2018 4:52pm
Quoting strat
{quote} Hello Mr Bump! We bought the "Mr Men" book series for our son, now 43, who was so accident prone we nicknamed him "Mr Bump" - fortunately he grew out of it! I have been concentrating on learning price action and have also been learning supply and demand concepts. Since November 2017 you have been gossiping anywhere and everywhere anyone will have you. Are you sure you really have the focus, concentration and discipline to stay on here and learn PASR? I don't waste my time on gossip mongers and those not committed to PASR We also use supply...

Hi Strat, thanks for the welcome.

To answer a couple of your questions - Firstly, yes, I'm very committed to PASR and will be contributing as much as possible to this thread. Secondly - at the moment, I'm doing a combination of paper trading, demo and sim trading (with non-manipulated historical data from dukascopy) in order to improve my skills at the hard right edge. My plan is to open a real account end of May and trade micro lots (as per your recommendation) while continuing to practise.

Thanks again.
  • #4,262
  • Apr 29, 2018 4:56pm Apr 29, 2018 4:56pm
Quoting Rufus
{quote} Well we have a Bump and a Rub on this thread.... Welcome. If you can commit yourself to learning the Strat Shadow and the trading nuances when it comes to certain time frames and time zones you will do fine. If you want to learn this don't thread hop. Stick with a system and master it. I am doing that myself. As a matter of fact, have had some traders here on FF try to talk me out of the Strat Shadow; they are wasting their breath, or should I say, digital footprint. The 5m PASR has its own way of doing things. Also which session...
Hi Rufus, thanks for the welcome and feedback. I appreciate it. I agree that it's essential to concentrate and specialise on one thing and that's what I'll be doing with the M5 PASR trend trading with strat shadow. I will be trading the London session and/or the first few hours of the NY session.

Thanks again.
  • #4,263
  • Apr 29, 2018 5:04pm Apr 29, 2018 5:04pm
Quoting samsonwebdes
{quote} Welcome Mr Bump. You seem to have jumped straight into M5 which is great if you have the time to sit in front of the PC all day and more importantly the concentration. You are in the London trading timezone as I am so perfectly position to grab the trends. Rufus has already given a good analysis of the trades and pointers so I won't do that. My only advice at this stage would be to try different time frames with basic PASR. M5 is great and Yomi is your expert there but I found it more difficult at the hard right edge. Understanding and actually...
Hi Samson, thanks also for the welcome.

I have decided to concentrate and focus on the M5 PASR trend trading as it fits in well with my goals, available time and personality. Even before finding this thread and PASR, I was trading off the M5 charts. I agree it can be quite mentally demanding at times - Lots of decisions in a short amount of time can be quite draining. I'll see how it goes for a couple of months and then reconsider if necessary. I am still going back and reading the old thread and learning the system on all TFs. Cheers.
  • #4,264
  • Apr 29, 2018 7:39pm Apr 29, 2018 7:39pm
Hello Everyone,

I just have a quick question.I read the PASR manual. I have 2 questions:

1. I noticed that some people trade different TF's. As long as you stick to the Big Boss, Boss, Worker TF set up can you trade any 3 TF's ? (W1,D1,H4 for instance ?)
2. Secondly, I really like the Daily TF but find there just doesn't seem to be enough time and almost every currency has some sort of Red News Event almost every week. How do you (The D1 traders) dfactor this inot your trading ?

Thanks in advance. I really like the concept.
Listen more than you speak and be constructive
  • #4,265
  • Apr 29, 2018 11:22pm Apr 29, 2018 11:22pm
Quoting carsten103
Hello Everyone, I just have a quick question.I read the PASR manual. I have 2 questions: 1. I noticed that some people trade different TF's. As long as you stick to the Big Boss, Boss, Worker TF set up can you trade any 3 TF's ? (W1,D1,H4 for instance ?) 2. Secondly, I really like the Daily TF but find there just doesn't seem to be enough time and almost every currency has some sort of Red News Event almost every week. How do you (The D1 traders) dfactor this inot your trading ? Thanks in advance. I really like the concept.
Worker, Boss and Big Boss are the original timeframes in Strat's PASR trading style. We sometimes drop-down to lower timetframe like 4hr to find the best entry but I don't see many people here trading different timeframes. It's either Worker charts or M5 charts, which is just an accelerated way of learining PASR strategy.

Strat said many times that news do not impact of the higher timeframe trends that Big Boys are creating. And that is indeed true, I checked many charts!
  • #4,266
  • Apr 29, 2018 11:43pm Apr 29, 2018 11:43pm
Quoting Svolacius
{quote} Worker, Boss and Big Boss are the original timeframes in Strat's PASR trading style. We sometimes drop-down to lower timetframe like 4hr to find the best entry but I don't see many people here trading different timeframes. It's either Worker charts or M5 charts, which is just an accelerated way of learining PASR strategy. Strat said many times that news do not impact of the higher timeframe trends that Big Boys are creating. And that is indeed true, I checked many charts!
I agree that news won't affect monthly or weeklies, but my question is more geared towards how do you place your SL and whether you wait until after a news event. I'm talking about the big ones. I know SL is supposed to be below or above last swing high/low. But If retail sales are coming out you might get stopped out because those events can move up to 100 pips sometimes (Not all the time) So how does one factor these types of potential moves ? Do you just go in the direction of the big boss and boss and wait for a favorable entry either before or after the news ?
Listen more than you speak and be constructive
  • #4,267
  • Apr 30, 2018 7:09am Apr 30, 2018 7:09am
When a 250 lbs guy speaks, the 100 lbs guy listens
  • #4,268
  • Apr 30, 2018 8:31am Apr 30, 2018 8:31am
Great way to start my trading week...Platform wont open. Now enjoying coffee and talking to tech support.


Have a good week all.



Lesson in risk


Attached Image (click to enlarge)
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,269
  • Apr 30, 2018 8:32am Apr 30, 2018 8:32am
Quoting Rufus
Great way to start my trading week...Platform wont open. Now enjoying coffee and talking to tech support. Have a good week all. {image}
Not missing much Rufus, enjoy your coffee.
I love the sign
  • #4,270
  • Apr 30, 2018 8:59am Apr 30, 2018 8:59am
Quoting Rufus
Great way to start my trading week...Platform wont open. Now enjoying coffee and talking to tech support. Have a good week all. Lesson in risk {image}
Well shit...

I have to redo everything.

Some thing you just can't fix with a bigger hammer.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,271
  • Apr 30, 2018 9:09am Apr 30, 2018 9:09am
Quoting Rufus
{quote} Well shit... I have to redo everything.
As in: be born, grow up, discover girls, start life over?
Hell, I'll sign up for that in a heartbeat
  • #4,272
  • Apr 30, 2018 9:12am Apr 30, 2018 9:12am
Quoting darko2010
{quote} As in: be born, grow up, discover girls, start life over? Hell, I'll sign up for that in a heartbeat

I agree with that one.

Doubt I'd have girls figured out the second time around either.

Attached Image
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,273
  • Apr 30, 2018 9:17am Apr 30, 2018 9:17am
Quoting Rufus
{quote} I agree with that one. Doubt I'd have girls figured out the second time around either. {image}
Women don't wan't to be figured out, just loved
  • #4,274
  • Apr 30, 2018 9:32am Apr 30, 2018 9:32am
NZDUSD & NZDCAD

Quoting Bestof27
Hi, For next week, I m still watching NZDUSD and NZDCAD. Strat suggested to watch for a setup on a pullback at strat shadow on H4 {image} Here price is at resistance & strat shadow {image} The same here, but we have a "not perfect" shooting star (small wick below). May set a sell stop a few pips below this candle. I ll be watching AUDUSD too Main trend (big boss) is down Primary trend (boss) is down, we have a broken WCC and trendline from DEC 2016 Price is 80 pips from next support {image} Looking for a pullback to strat shadow on the worker, but...
Again, disappointed that you did not get the comments you were looking for.

Both analyses are good but I would be very careful trading 2 of the same currency especially 2 commodity currencies and, in NZDCAD, you have a double commodity.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,275
  • Apr 30, 2018 9:39am Apr 30, 2018 9:39am
M5 PASR Trend Trading

Quoting MrBumpFx
{quote} Hi Samson, thanks also for the welcome. I have decided to concentrate and focus on the M5 PASR trend trading as it fits in well with my goals, available time and personality. Even before finding this thread and PASR, I was trading off the M5 charts. I agree it can be quite mentally demanding at times - Lots of decisions in a short amount of time can be quite draining. I'll see how it goes for a couple of months and then reconsider if necessary. I am still going back and reading the old thread and learning the system on all TFs. Cheers....
Even before finding this thread and PASR, I was trading off the M5 charts

If you want to be consistently profitable with PASR you must wipe your trading brain free of everything you have accumulated in the past and start with a clean slate. I have lost count of those who have come on here with pre-conditioned beliefs and failed miserably while others around them, with no skeletons in the cupboard, progressed admirably. There are recent examples on this thread.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,276
  • Apr 30, 2018 9:44am Apr 30, 2018 9:44am
Quoting Svolacius
{quote} Worker, Boss and Big Boss are the original timeframes in Strat's PASR trading style. We sometimes drop-down to lower timetframe like 4hr to find the best entry but I don't see many people here trading different timeframes. It's either Worker charts or M5 charts, which is just an accelerated way of learining PASR strategy. Strat said many times that news do not impact of the higher timeframe trends that Big Boys are creating. And that is indeed true, I checked many charts!
Thank you for your reply. You are much more tolerant than I. I have difficulty working with indicator junkies especially those who think they are communicating with someone who is not of this Earth. You will find he is here just to "pick our trading brain". Thank you anyway.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,277
  • Apr 30, 2018 9:51am Apr 30, 2018 9:51am
Quoting carsten103
{quote} I agree that news won't affect monthly or weeklies, but my question is more geared towards how do you place your SL and whether you wait until after a news event. I'm talking about the big ones. I know SL is supposed to be below or above last swing high/low. But If retail sales are coming out you might get stopped out because those events can move up to 100 pips sometimes (Not all the time) So how does one factor these types of potential moves ? Do you just go in the direction of the big boss and boss and wait for a favorable entry either...
I suggest you consult with those not of this Earth.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,278
  • Apr 30, 2018 10:58am Apr 30, 2018 10:58am
EURUSD M5 PASR Trend Trading:


LIVE at the MOVING HARD RIGHT EDGE...........




Happy Trading,
Yomi.
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Time always comes before price
  • #4,279
  • Edited 11:31am Apr 30, 2018 11:10am | Edited 11:31am
EURUSD M5 PASR Trend Trading 51 pips

Quoting fxrabbi
EURUSD M5 PASR Trend Trading: LIVE at the MOVING HARD RIGHT EDGE........... Happy Trading, Yomi. {image}
Excellent as always, Yomi, but this is the mess you left me with when I got to my charts in PST

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,280
  • Apr 30, 2018 11:25am Apr 30, 2018 11:25am
Quoting darko2010
When a 250 lbs guy speaks, the 100 lbs guy listens
Got it. Makes sense (Unless the 100 lbs guy is a professional boxer lol)
Listen more than you speak and be constructive
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