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Strat's PASR Long Term, Stress Free Trading

  • #4,901
  • May 16, 2018 9:07am May 16, 2018 9:07am
Quoting darko2010
{quote} I suggest you start trading only at 9am France time, anything before is messed up most days
Yes, I actually start looking at the charts at 9H, French time (GMT + 2).
  • #4,902
  • May 16, 2018 9:18am May 16, 2018 9:18am
Quoting fleurdelys
{quote} London opening is at 8:00 GMT + 1? The time of my broker is GMT I opened my first trade around 7:40 GMT so 8:40 GMT + 1 I think after the opening of London? {image} Or I mix everything !!!!!!! And the time of my country is GMT +1
I don't see too much off a problem with the timing or the trade.

Although it's trickier to trade pre-london.
It's in fear when people show what they truly value.
  • #4,903
  • May 16, 2018 9:24am May 16, 2018 9:24am
Quoting fleurdelys
{quote} Yes, I actually start looking at the charts at 9H, French time (GMT + 2).
That would be 7AM UK time then?
I'm in the UK and it's 5:22 now. Google tells me the time in france is 6:22 CEST which is an hour ahead.

You'd need to start looking for trades ideally at 10am your time which would be 9am our time. Market opens here at 8am as you say.
Need to leave the first hour of trading out as the big boys are filling overnight orders and price action isn't necessarily the way the day will go.
Study enough and it all starts looking like the Matrix...
  • #4,904
  • May 16, 2018 9:28am May 16, 2018 9:28am
GBPJPY M5 PASR Trend Trading 55+ pips

Quoting fleurdelys
{quote} London opening is at 8:00 GMT + 1? The time of my broker is GMT I opened my first trade around 7:40 GMT so 8:40 GMT + 1 I think after the opening of London? {image} Or I mix everything !!!!!!! And the time of my country is GMT +1
My apologies, your times are correct BUT my M5 PASR Trend Trading strategy is to enter 1 hour AFTER London Open, the reasons for which I have stated several times.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,905
  • May 16, 2018 9:31am May 16, 2018 9:31am
PASR & M5 PASR Trend Trading

Quoting ensale
{quote} I don't see too much off a problem with the timing or the trade. Although it's trickier to trade pre-london.
Since you are NOT a student of PASR or my M5 PASR Trend Trading strategy and just merely a LURKER on this thread, please kindly refrain from posting your irrelevant opinions. Thank you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,906
  • May 16, 2018 9:57am May 16, 2018 9:57am
Quoting strat
PASR & M5 PASR Trend Trading {quote} Since you are NOT a student of PASR or my M5 PASR Trend Trading strategy and just merely a LURKER on this thread, please kindly refrain from posting your irrelevant opinions. Thank you.
Apologies. It's your thread. sure Np.
It's in fear when people show what they truly value.
  • #4,907
  • May 16, 2018 10:38am May 16, 2018 10:38am
I was wrong!!!
I thought I would start trading 1 hour after the opening of London!
But indeed I started to trade at the same time as the opening of London!
I was wrong for an hour. So actually I have to start at 10am time
French.
I forgot to tell you: I'm blonde!
Thank you all for your patience !!
  • #4,908
  • May 16, 2018 11:14am May 16, 2018 11:14am
GBP/AUD: We are at a decision area in my view.

Boss is showing bearish PA with last week a doji after a failed push to the upside. Right now PRICE is at SUPPORT and SS Bottom on Boss chart.

Worker is where it caught my eye. Look at how PRICE reacts to SS, shooting star last week, now BEEB. I would wait for further confirmation about Big Boys' plans as price is near strong support level.
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  • #4,909
  • May 16, 2018 11:32am May 16, 2018 11:32am
GBPAUD

Quoting Svolacius
GBP/AUD: We are at a decision area in my view. Boss is showing bearish PA with last week a doji after a failed push to the upside. Right now PRICE is at SUPPORT and SS Bottom on Boss chart. Worker is where it caught my eye. Look at how PRICE reacts to SS, shooting star last week, now BEEB. I would wait for further confirmation about Big Boys' plans as price is near strong support level. {image} {image}
We are at a decision area in my view

Correct and the same with GBPCAD

SS Bottom on Boss chart

Where do you SEE a Shooting Star bottom on the Boss chart?
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,910
  • Edited 11:57am May 16, 2018 11:36am | Edited 11:57am
GBPJPY M5 PASR Trend Trading 50+ pips

Quoting fleurdelys
I was wrong!!! I thought I would start trading 1 hour after the opening of London! But indeed I started to trade at the same time as the opening of London! I was wrong for an hour. So actually I have to start at 10am time French. I forgot to tell you: I'm blonde! Thank you all for your patience !!
Had you done so, you would have avoided your first losing "Shooting Star" trade and made more pips.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,911
  • May 16, 2018 12:01pm May 16, 2018 12:01pm
Quoting strat
GBPAUD {quote} We are at a decision area in my view Correct and the same with GBPCAD SS Bottom on Boss chart Where do you SEE a Shooting Star bottom on the Boss chart?
Where do you SEE a Shooting Star bottom on the Boss chart?

I do not see it anywhere. Shooting star was made on Worker chart, not Boss.

SS was used to say Strat Shadow, sorry if my wording made it unclear.

EDIT: Now I see where the confusion came from, I looked at a wrong chart when commenting.
  • #4,912
  • May 16, 2018 12:15pm May 16, 2018 12:15pm
I m long audnzd for a few days

Entered on a small retracement after the big BUEB, I m not sure it is good entering after such a big candle...

Closed my first position at + 85 pips and moved my SL near BE
Plan to close my second position at Big Boss resistance

As usually not a very good RRR (around 1.5)... I m far from the daily 100 pips !

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  • #4,913
  • May 16, 2018 12:43pm May 16, 2018 12:43pm
AUDNZD

Quoting Bestof27
I m long audnzd for a few days Entered on a small retracement after the big BUEB, I m not sure it is good entering after such a big candle... Closed my first position at + 85 pips and moved my SL near BE Plan to close my second position at Big Boss resistance As usually not a very good RRR (around 1.5)... I m far from the daily 100 pips ! {image}
Well done!

As you progress on The Path and gain experience, you will be able to get an earlier entry above the blue line on my chart.

Why have you got all those lines on your chart? What are they telling you?

Make sure you UNDERSTAND what today's candle is telling you.

I'm far from the daily 100 pips!

Nobody said YOU have to have a daily target of 100 pips, is this what you have?

Remember, you only spent a couple of minutes of STRESS FREE analysis at the end of each day; the M5 traders are glued to the one eyed monster for 2 to 3 hours and maybe more if you include looking for suitable trades.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,914
  • May 16, 2018 1:07pm May 16, 2018 1:07pm
Quoting strat
AUDNZD {quote} Well done! As you progress on The Path and gain experience, you will be able to get an earlier entry above the blue line on my chart. Why have you got all those lines on your chart? What are they telling you? Make sure you UNDERSTAND what today's candle is telling you. I'm far from the daily 100 pips! Nobody said YOU have to have a daily target of 100 pips, is this what you have? Remember, you only spent a couple of minutes of STRESS FREE analysis at the end of each day; the M5 traders are glued to the one eyed monster for 2 to 3...
Blue dotted lines are supports/resistances on the big boss, red on the boss and orange on the worker.
Today's candle show a rejection of the daily support, but may fail to close above yesterday's high. Looks like some consolidation. A bit worried about resistance a few pips above. I don't feel much confident in my reading behind candles....

My only goal right now is trying to raise consistently my equity curve. The 100 pips a day is only to point out that my trading on the worker doesn't enable me to get such results....
  • #4,915
  • May 16, 2018 3:08pm May 16, 2018 3:08pm
PASR

Quoting Bestof27
{quote} Blue dotted lines are supports/resistances on the big boss, red on the boss and orange on the worker. Today's candle show a rejection of the daily support, but may fail to close above yesterday's high. Looks like some consolidation. A bit worried about resistance a few pips above. I don't feel much confident in my reading behind candles.... My only goal right now is trying to raise consistently my equity curve. The 100 pips a day is only to point out that my trading on the worker doesn't enable me to get such results....
Blue dotted lines are supports/resistances on the big boss, red on the boss and orange on the worker.

Do you READ my posts on here?

Did you READ Post 4820 specifically the last paragraph?

Did you UNDERSTAND what I said about too many lines?

AGAIN, what you, and everyone else who put meaningless lines on their charts, don't realise, is that you are INVITING your Little People to PARTY at YOUR expense. If you don't UNDERSTAND this ASK!

I don't feel much confident in my reading behind candles

Today's candle is a HANGING MAN at RESISTANCE - read and UNDERSTAND all you can about this - there are many discussions on this in my "old" original thread.

My only goal right now is trying to raise consistently my equity curve

Your, and others on The Path, ONLY goal is to be PROFITABLE month after month.

The 100 pips a day is only to point out that my trading on the worker doesn't enable me to get such results....

First of all, pips are MEANINGLESS and are NO MEASURE of PERFORMANCE. The measure of performance you need to focus on is % account growth.

Second, how did you arrive at 100 pips a day?

Third, AGAIN, forget the number of pips per day or % account growth per day and CONCENTRATE on % account growth PER MONTH.

Your account equity curve will be like PRICE - it should be a series of higher highs and higher lows AT THE END OF EACH MONTH! Forget what it looks like after each day!

If you are the Best of 27 then God help the other 26!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,916
  • May 16, 2018 3:53pm May 16, 2018 3:53pm
Quoting fleurdelys
I was wrong!!! I thought I would start trading 1 hour after the opening of London! But indeed I started to trade at the same time as the opening of London! I was wrong for an hour. So actually I have to start at 10am time French. I forgot to tell you: I'm blonde! Thank you all for your patience !!
I forgot to tell you: I'm blonde!

A Blonde told her girlfriend, "I was so worried that my mechanic might try to rip me off. And I was so relieved when he told me that all I needed was blinker fluid!"

A redhead tells her blonde stepsister, "I slept with a Brazilian...." The blonde replies, "Oh my God! You slut! How many is a brazilian?"

Sorry, I couldn't resist!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,917
  • May 16, 2018 6:15pm May 16, 2018 6:15pm
It's good to come home to find targets hit.

Target 1 in the bag. about 2.5:1 160 pips.

Attached Image (click to enlarge)
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Quoting jas0992
!
jas....2 days. Looked at chart for 5 minutes. Spent more time setting up the positions then analyzing it.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,918
  • May 16, 2018 7:24pm May 16, 2018 7:24pm
[quote=darko2010;11060373]{quote} Just avoid taking the wrong trades, winners will take care of themselves


This one struck a chord with me.

I regard it as an absolute "gem of wisdom" - so I'm reposting it!

Just avoid taking the wrong trades, winners will take care of themselves!

(of course, it is, I will concede, easier said than done)
  • #4,919
  • May 16, 2018 7:54pm May 16, 2018 7:54pm
Quoting Svolacius
Looks like express train on many AUD pairs is coming to a stop. AUD/CAD is probably the best example of that. Just as last week, we see more and more demand. I'll watch these pairs to see if it is a complete stop or just a quick stop before more selling. Have a great night all! {image} {image}

Thanks for your post, Svolacius,

I've been too busy concentrating on "the Mothership" (AUD/US) to have noticed this hammer (or even notice that the last of my shorts on the AUD/CAD cross had closed at around .9610


Here is the Mothership Boss:

Attached Image (click to enlarge)
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I have been watching for any retrace of last weeks dragon fly doji and happened to be online at (hopefully!!!) the right moment yesterday, so entered a fair number of longs (entries arrowed):

Attached Image (click to enlarge)
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One already sacrificed on the alter to the "little people". Obviously, this will be monitored - until such time as I can safely transfer it to the "set & forget" trade portfolio.
  • #4,920
  • May 16, 2018 8:39pm May 16, 2018 8:39pm
Quoting trogger
{quote} Hello Max Great to see an analysis based on longer time frames. ..............................................................................................

For me, the number I am watching at this point is the January 2016 high (1.6104 on my charts). If we cannot close above this number, then I am looking to short. [Actually, I'm already short but more a case of "sending out the scouts" as Strat likes to say. I am not holding shorts - yet - as there is no PA to justify doing so - yet.[/highlight]...

This one got transferred to the "set & forget " portfolio some time back.

let's start with the 4 hour chart, One of my add on, set & forget mode entries is arrowed (after the retrace after the green box):

Attached Image (click to enlarge)
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Now, let's look at that "green box" on the higher time frames:

Boss:

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Beautiful "shooting star", isn't it?

[well, it is if you look at that candle wrt the Big Boss (below) and it's close wrt the January 2016 high I referenced in my previous post.]

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Gosh! Must be a meteor shower. Shooting stars all over the place!

Hey, what about the worker?

Attached Image (click to enlarge)
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Yup, shorting stars (sorry, shooting stars), of sorts, all over the place.

As in real estate, Location is everything!

So, when we got that retrace - add-on time - and into the set & forget portfolio.
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