Strat's PASR Long Term, Stress Free Trading | Page 256 | 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

  • #5,101
  • May 21, 2018 2:15pm May 21, 2018 2:15pm
PASR

Quoting 2hpriest
{quote} i appreciate you strat Thank you for your encouraging words I look forward to a lasting and profitable study under your watchful mentorship in this place. You are indeed the Boss. Emeka
You are indeed the Boss

Thank you, Emeka, but I am just plain old Strat!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,102
  • May 21, 2018 5:48pm May 21, 2018 5:48pm
Quoting samsonwebdes
{quote} Hi, I was long on the pair not short. I entered as price closed above the shadow on the daily chart. Not weekly.
OK, thanks for your reply.
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #5,103
  • May 21, 2018 5:49pm May 21, 2018 5:49pm
Quoting strat
{quote} Yes, that is a coil. Coils are more predictable on stocks but not so on Forex which is why I don't pay too much attention to them.
got it.

thanks very much
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #5,104
  • May 21, 2018 10:36pm May 21, 2018 10:36pm
BAH! I ignore the thread for a few days and there's so much more to read...

Thank you Beyondthesea for posting that in depth how you tackle trading the 5 minute charts, it's excellent.

Reading the new addition for the first post I reckon I went through the first 4 stages in the first 6 months! Started with a simple system that worked, risked way too much, made 10x my starting money, then of course it bit me in the arse and back I went. Been trying to crack this caper for the last three or so years since. Suppose it says a lot I'm still plugging away at it. Not sure what I'd fall into now.
  • #5,105
  • May 21, 2018 11:44pm May 21, 2018 11:44pm
EUR USD Worker

As the BB and B showed bearish signals to me I was looking for a good entry on the worker. Found it when the SS was formed one week ago (see arrow). Entry was based on H4 on the following day. For me it was a signal because we saw a nice bounceback on the way down with a SS that ended at R.
So as I am in the trade now there was no need to close the position yet. Target would be next support area.
But when the candle was formed yesterday it told me to be carfeful , so I protected my position with a SL. At the moment it looks like that could be bond hammer. We will see what the day brings.
Wanted to share my thought on my trade , maybe it helps.

Attached Image (click to enlarge)
Click to Enlarge Name: 271B009A-BBB7-4AF8-98B1-449C31C15DBB.jpeg Size: 211 KB
  • #5,106
  • May 22, 2018 12:39am May 22, 2018 12:39am
Quoting Malu
EUR USD Worker As the BB and B showed bearish signals to me I was looking for a good entry on the worker. Found it when the SS was formed one week ago (see arrow). Entry was based on H4 on the following day. For me it was a signal because we saw a nice bounceback on the way down with a SS that ended at R. So as I am in the trade now there was no need to close the position yet. Target would be next support area. But when the candle was formed yesterday it told me to be carfeful , so I protected my position with a SL. At the moment it looks like that...

I took a very similar trade, closing at the next support.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 45 KB
  • #5,107
  • Edited 1:44am May 22, 2018 1:08am | Edited 1:44am
Quoting Rub
{quote} I took a very similar trade, closing at the next support. {image}
Yes my SL was triggered in the meantime. So I am out now.
Maybe there will be another opportunity to enter soon.
  • #5,108
  • May 22, 2018 1:28am May 22, 2018 1:28am
Hang on Pound! I'm not ready yet!
Waiting for the pullback! Cautious of the news.....

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 90 KB
Study enough and it all starts looking like the Matrix...
  • #5,109
  • May 22, 2018 2:51am May 22, 2018 2:51am
Quoting darko2010
EURUSD - SWING PASR H4 Price was rejected by Boss support, no comment on the worker before close today, BUEB on H4 which is the TF I will trade this on. Trying to evolve from M5 trend trading, but it's damn hard... {image} {image} {image}
This is all very nice, but what do I do with all this free time on my hands now that higher TFs are WAY BETTER than killing my eyes on M5 charts ???
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-4-heures.png Size: 24 KB
  • #5,110
  • May 22, 2018 2:56am May 22, 2018 2:56am
Quoting darko2010
{quote} This is all very nice, but what do I do with all this free time on my hands now that higher TFs are WAY BETTER than killing my eyes on M5 charts ??? {image}
As they say on the comedy thread (I think it's that one anyway) go and get a wheelbarrow to fill with all your pips.

If you really need to keep your finger away from the button though go back to weekly charts from years ago and scroll through candle by candle, pair by pair looking for price action. See what happens on the worker when price action occurs on the boss.
I've been doing that in my spare time and it's taking ages but I'm getting chart time in and seeing price action doing the same thing over and over again. Building eyeball muscle memory.

Keeps your fingers and eyes away from those M5 charts.
Study enough and it all starts looking like the Matrix...
  • #5,111
  • May 22, 2018 3:51am May 22, 2018 3:51am
Thank you Strat for all your comments in the previous posts. I will do my homework for this week.

Quoting strat
GBPUSD {quote} Good job. My targets, from this week's End of Week analysis are 1.1940, then 1.0434
Are you sure we are looking at the same pair? Why are your targets some 1500 pips away? (Unless you are being sarcastic which I do not see what I am doing wrongly) Do you have such a long term view when you trade?
  • #5,112
  • May 22, 2018 3:52am May 22, 2018 3:52am
Quoting darko2010
{quote} This is all very nice, but what do I do with all this free time on my hands now that higher TFs are WAY BETTER than killing my eyes on M5 charts ??? {image}
I know right!! Welcome to the club!
  • #5,113
  • May 22, 2018 3:54am May 22, 2018 3:54am
Quoting samsonwebdes
Hang on Pound! I'm not ready yet! Waiting for the pullback! Cautious of the news..... {image}
Careful of trading news when it is "not with the trend". I have seen and learnt it the hard way.
  • #5,114
  • May 22, 2018 4:00am May 22, 2018 4:00am
Quoting MikuSS
{quote} Careful of trading news when it is "not with the trend". I have seen and learnt it the hard way.
Thats why I didnt enter. Dont trade before news.
Study enough and it all starts looking like the Matrix...
  • #5,115
  • May 22, 2018 7:00am May 22, 2018 7:00am
EURUSD

Quoting Malu
EUR USD Worker As the BB and B showed bearish signals to me I was looking for a good entry on the worker. Found it when the SS was formed one week ago (see arrow). Entry was based on H4 on the following day. For me it was a signal because we saw a nice bounceback on the way down with a SS that ended at R. So as I am in the trade now there was no need to close the position yet. Target would be next support area. But when the candle was formed yesterday it told me to be carfeful , so I protected my position with a SL. At the moment it looks like that...
Well done, Malu
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,116
  • May 22, 2018 7:01am May 22, 2018 7:01am
EURUSD

Quoting Rub
{quote} I took a very similar trade, closing at the next support. {image}
Good on yer, Rub, nice trade!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,117
  • May 22, 2018 7:01am May 22, 2018 7:01am
Quoting MikuSS
Thank you Strat for all your comments in the previous posts. I will do my homework for this week. {quote} Are you sure we are looking at the same pair? Why are your targets some 1500 pips away? (Unless you are being sarcastic which I do not see what I am doing wrongly) Do you have such a long term view when you trade?

I doubt there is any sarcasm. Strat eats thousand pip positions for breakfast.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,118
  • May 22, 2018 7:04am May 22, 2018 7:04am
GBPUSD M15

Quoting samsonwebdes
Hang on Pound! I'm not ready yet! Waiting for the pullback! Cautious of the news..... {image}
Very wise. Some nasty wicks on there telling us of wild volatility - best to WAIT while PRICE calms down
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,119
  • May 22, 2018 7:07am May 22, 2018 7:07am
Quoting darko2010
{quote} This is all very nice, but what do I do with all this free time on my hands now that higher TFs are WAY BETTER than killing my eyes on M5 charts ??? {image}
Enjoy LIFE - you only get one chance and there is no stop loss!

You could start making babies - the latest statistics out this week-end show the World Population declining.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,120
  • May 22, 2018 7:09am May 22, 2018 7:09am
Quoting strat
{quote} Enjoy LIFE - you only get one chance and there is no stop loss! You could start making babies - the latest statistics out this week-end show the World Population declining.
I have already done my quota, it's all just practice from here
3 traders viewing now