Strat's PASR Long Term, Stress Free Trading | Page 219 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MY PASR journey Based on Strat's PASR Trading 76 replies

M5 PASR Trend Trading Strat 95 replies

My PASR Trend Trading Journals 3 replies

A young trader's road to profitability - PASR trading - Live 11 replies

Fibs trading and PASR 0 replies

Attachments: Strat's PASR Long Term, Stress Free Trading
Exit Attachments

Strat's PASR Long Term, Stress Free Trading

  • #4,361
  • May 1, 2018 12:46pm May 1, 2018 12:46pm
EURUSD

Quoting MikuSS
This is a trade that I am currently ~200 pips in profit. I manage to get in after the retouch of the low of WCC, after the BEEB confirmed the breakout. Usually, my little people would ask me to GET OUT in profit, but PASR and Strat Shadow are not giving me a reason to exit the trade. I have placed my safety SL above the LH of the current trend. Now, we exercise patience and WAIT. 2783383 {image}
Excellent, well done young man!

Is this REAL, LIVE trading or paper trading?

Did you check your R:R before you entered and where was your Stop Loss?

Add the 200 ema dotted line and be aware where PRICE is now.

You probably don't know it but you are trading the Boss Swing Down. Make sure your trailing Stop allows PRICE to BREATHE naturally on the Worker and keep a watch on our two higher time frames.

Whatever you do, don't get MARRIED to this trade. Protect profits and make sure you get out with profits - your Little People will thank you for it.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,362
  • May 1, 2018 12:56pm May 1, 2018 12:56pm
EURUSD M5

Quoting Humbucker
{quote} EUR/USD M5 Following on from my above entry, I did place a carry-on trade with a micro-lot. However, I had quite alot of meetings in the afternoon and wasn't able to see the trade out. I exited just better than breakeven when the price jumped sharply since I didn't want to be worrying about the trade while in meetings. I saw the re-entry but too busy at that point - shoulda just stayed in (from this morning!). Entries in green, stops in blue, exits in red for both today's trades. {image}
I did place a carry-on trade with a micro-lot. However, I had quite a lot of meetings in the afternoon and wasn't able to see the trade out

So you think M5 trends will continue for you until your meetings are finished?

I have news for you - if you can't monitor each M5 candle when trading M5 then find another time frame! Many times PRICE will REACT to some news, gossip or geopolitical event and, during those times, PRICE will and DOES, SLICE through any Stop Losses you set and, since you are already a careless trader, you, more than anyone, need to exercise extreme caution when trading
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,363
  • May 1, 2018 1:03pm May 1, 2018 1:03pm
PASR

Quoting landax
{quote} I did not see things this way, I still have a lot to learn
I still have a lot to learn

Yes, you and the rest of us on here. WE all have a lot to LEARN especially those on The Path. WE never stop LEARNING.

Remember, The PASR Path to being a consistently profitable trader is taking on average 3 years so it is a Marathon and definitely NOT a Sprint so take your time. Having said that, there are some on here who will be consistently profitable inside 3 years - it all depends on your desire, determination, perseverance, trading psychology and trading style.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,364
  • May 1, 2018 1:14pm May 1, 2018 1:14pm
Hi all. I hope you're well. Anyone watching the football tonight? (Real Madrid v Bayern Munich)

A couple of trades today:


USD-JPY

Perfect uptrend that started in Asian session and I joined it at the London open. Price then tanked in congestion no doubt due to waiting red US news so I exited. Also there wasn't much "up room" left (with regards the average daily range.)

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m5-trading-point-of.png Size: 63 KB



EUR-CAD


2 winning trades but I don't like them. I got in too near the bottom near support and with looming red CAD news, this was a gamble. The news could have gone the other way and stopped me out with the wider spread.

Attached Image (click to enlarge)
Click to Enlarge Name: eurcad-m5-trading-point-of.png Size: 77 KB



I am also continuing to read the old thread and practising PASR on the sim. ^^
  • #4,365
  • May 1, 2018 1:41pm May 1, 2018 1:41pm
Quoting MrBumpFx
Hi all. I hope you're well. Anyone watching the football tonight? (Real Madrid v Bayern Munich) A couple of trades today: USD-JPY Perfect uptrend that started in Asian session and I joined it at the London open. Price then tanked in congestion no doubt due to waiting red US news so I exited. Also there wasn't much "up room" left (with regards the average daily range.) {image} EUR-CAD 2 winning trades but I don't like them. I got in too near the bottom near support and with looming red CAD news, this was a gamble. The news could have gone...
Anyone watching the football tonight? (Real Madrid v Bayern Munich)

I am, can't exist without my football but the big game is tomorrow.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,366
  • May 1, 2018 1:54pm May 1, 2018 1:54pm
Quoting strat
{quote} Anyone watching the football tonight? (Real Madrid v Bayern Munich) I am, can't exist without my football but the big game is tomorrow.

Yeah indeed, me too. I'm a Liverpool fan and I can't wait lol. I'm so nervous / excited. Enjoy the game.
  • #4,367
  • May 1, 2018 2:08pm May 1, 2018 2:08pm
Quoting MrBumpFx
{quote} Yeah indeed, me too. I'm a Liverpool fan and I can't wait lol. I'm so nervous / excited. Enjoy the game.
Come on Liverpool, you'll never walk alone
  • #4,368
  • May 1, 2018 2:29pm May 1, 2018 2:29pm
Quoting landax
{quote} Come on Liverpool, you'll never walk alone
What is the difference between an Liverpool supporter and a baby?
The baby will stop whining after awhile.
  • #4,369
  • May 1, 2018 2:46pm May 1, 2018 2:46pm
Quoting darko2010
{quote} What is the difference between an Liverpool supporter and a baby? The baby will stop whining after awhile.
Be very careful, darko

Q: Whats the difference between a smart Frenchman and a unicorn?

A: Nothing, they're both fictional characters
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,370
  • May 1, 2018 3:06pm May 1, 2018 3:06pm
The most beautiful in all it's what myself and darko are french and that darko does not support its current country team
  • #4,371
  • May 1, 2018 3:31pm May 1, 2018 3:31pm
Quoting strat
{quote} Be very careful, darko Q: Whats the difference between a smart Frenchman and a unicorn? A: Nothing, they're both fictional characters
Low blow Strat...

What ship has never arrived in the ports of Liverpool?
The Premiership.
  • #4,372
  • May 1, 2018 3:33pm May 1, 2018 3:33pm
Quoting landax
The most beautiful in all it's what myself and darko are french and that darko does not support its current country team
I don't follow soccer at all and supporting any group of individuals based on a single common point such as nationality is highly irrational to me
  • #4,373
  • May 1, 2018 3:50pm May 1, 2018 3:50pm
Quoting darko2010
{quote} I don't follow soccer at all and supporting any group of individuals based on a single common point such as nationality is highly irrational to me
The same for me
  • #4,374
  • May 1, 2018 4:44pm May 1, 2018 4:44pm
USDJPY & EURCAD M5 PASR Trend Trading

Quoting MrBumpFx
Hi all. I hope you're well. Anyone watching the football tonight? (Real Madrid v Bayern Munich) A couple of trades today: USD-JPY Perfect uptrend that started in Asian session and I joined it at the London open. Price then tanked in congestion no doubt due to waiting red US news so I exited. Also there wasn't much "up room" left (with regards the average daily range.) {image} EUR-CAD 2 winning trades but I don't like them. I got in too near the bottom near support and with looming red CAD news, this was a gamble. The news could have gone...
USDJPY
Pretty good first attempt but you should have entered above the candle rather than above resistance as the M5 TREND was already roaring. Your exit/take profit needs work though which will come if you continue learning PASR. Hint: At my blue down arrow, PRICE failed to make a new high and instead formed a Lower High with a Shooting Star looking candle. Train your trading brain to SEE this consolidation as it happens at the moving hard right edge.

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 51 KB


EURCAD
While USDJPY is less volatile (11th out of 28 on my Volatility List), EURCAD is 7th and tends to be less "smooth" and more "jerky" so you did good to make decent M5 profit on this. Your entries need a lot more work though. You are entering on the pull back going AGAINST the M5 TREND. This gives you horrible R:R and puts you (and your Little People) in draw down almost immediately. Remember, when you enter my M5 PASR Trend Trading strategy correctly, our Stop Loss is very small while our Take Profit is very big.We enter WITH THE TREND when we SEE PASR showing the pull back is over - see my black arrows for examples although there are other entries. It looks like you had an attack of the Little People when you pulled the plug on that big long red candle but that's OK while you are learning. There were PASR exits later as shown by the black rectangles.

Attached Image (click to enlarge)
Click to Enlarge Name: b.PNG Size: 50 KB


I got in too near the bottom near support and with looming red CAD news, this was a gamble.

Until you have experience and consistent profits with M5, do NOT trade ahead of RED news.

But good job and, in addition to practicing on the simulator, keep reading, learning and understanding PASR and the Strat Shadow on both threads.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,375
  • May 1, 2018 4:45pm May 1, 2018 4:45pm
Quoting darko2010
{quote} I don't follow soccer at all and supporting any group of individuals based on a single common point such as nationality is highly irrational to me
We don't follow soccer either - we follow FOOTBALL
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,376
  • May 1, 2018 4:48pm May 1, 2018 4:48pm
2 trades for today..

Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2018-05-01 alle 23.44.57.png Size: 191 KB


this did not go well. The price went above, then back abruptly back and hit my stop loss and then come back and hit my now lost take profit. How would you have managed this trade?
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2018-05-01 alle 23.44.44.png Size: 193 KB
  • #4,377
  • May 1, 2018 5:55pm May 1, 2018 5:55pm
AUDJPY & USDJPY M5 PASR Trend Trading

Quoting Giannis95
2 trades for today.. {image} this did not go well. The price went above, then back abruptly back and hit my stop loss and then come back and hit my now lost take profit. How would you have managed this trade? {image}
Your AUDJPY trade is good

USDJPY
this did not go well. The price went above, then back abruptly back and hit my stop loss and then come back and hit my now lost take profit. How would you have managed this trade?

I did not trade this pair because by the time I got to my chart at 17:30 PST PRICE was already approaching resistance at around 109.77 as I marked on your chart. It looks like you missed this. PRICE had already crashed through H4 resistance so then you look for Worker and Boss resistance. You MISSED CLASSIC PASR to get out with a profit. I have marked the BEOB with a black rectangle on your chart.

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 90 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,378
  • May 1, 2018 6:00pm May 1, 2018 6:00pm
Thank you Strat for this awesome strategy.

I have read through your guide several times, (I'm even recording myself reading it so I can listen to it while I drive) and I have been working my way through the forum.

My first successful trade closed today, I shorted the AUD/USD after the outside/engulfing bar at the MAs and I took my profit at first support.

If anyone has any comments on the trade, feel free. I am here to learn!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 87 KB
  • #4,379
  • May 1, 2018 8:27pm May 1, 2018 8:27pm
Quoting strat
EURUSD {quote} Excellent, well done young man! Is this REAL, LIVE trading or paper trading? Did you check your R:R before you entered and where was your Stop Loss? Add the 200 ema dotted line and be aware where PRICE is now. You probably don't know it but you are trading the Boss Swing Down. Make sure your trailing Stop allows PRICE to BREATHE naturally on the Worker and keep a watch on our two higher time frames. Whatever you do, don't get MARRIED to this trade. Protect profits and make sure you get out with profits - your Little People will thank...
Thank you Strat for the thumbs up! I am glad to receive positive feedback after 2 years of forex trading.

I am currently paper trading with micro lots, after losing some amount money trading mini lots (because of my big ego) a few months back. After being very profitable trading a demo account, my Little People started to make me go on a huge losing streak once I started trading live. So, I will trade micro lots until I am comfortable dealing with the Little People in my brain.

Yes, I have check the R:R ratio before placing the trade. My SL (red line shown on the chart) was around 50 pips, targeting the 1.2 RN for a 1:4 risk-reward. In fact, the TP has been hit and I am letting the other half of the trade run. Now, I will make sure my trailing stop is not too tight while trading this developing trend.

I am unaware that we are still using the 200ema. I assumed that it got removed from the system. Are we using it as a dynamic SR line, or am I missing something?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily1.png Size: 46 KB
  • #4,380
  • May 1, 2018 9:02pm May 1, 2018 9:02pm
Quoting Walter182
Thank you Strat for this awesome strategy. I have read through your guide several times, (I'm even recording myself reading it so I can listen to it while I drive) and I have been working my way through the forum. My first successful trade closed today, I shorted the AUD/USD after the outside/engulfing bar at the MAs and I took my profit at first support. If anyone has any comments on the trade, feel free. I am here to learn! {image}
Hi Walter,

Yes I saw the BEEB as well, but I hesitated to entered the trade as the first support line (and it was also the low of WCC in the 4th week) was way too close for my liking, with less than 1:1 risk:reward ratio. I am glad it worked out for you!

And by the way, I believe we are currently using the 72ema instead of 50ema, so you might want to change your settings for Worker and Boss to 72ema and 360ema instead.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 71 KB
17 traders viewing now