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Strat's PASR Long Term, Stress Free Trading

  • #5,121
  • Edited 10:08am May 22, 2018 9:11am | Edited 10:08am
GBPUSD

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?
Do you have such a long term view when you trade?

Yes, always! Read samson's post:

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.

My "goto" chart is always the Boss chart.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,122
  • May 22, 2018 9:56am May 22, 2018 9:56am
Quoting strat
GBPUSD {quote} Do you have such a long term view when you trade? Yes, always! Read samson's post above - my "goto" chart is always the Boss chart.
It just seems incredible that your 1st target is an all-time low in history, while the 2nd target is somewhere price has never went before..!

I really have to rethink about the concept of 'long-term'..
  • #5,123
  • May 22, 2018 10:05am May 22, 2018 10:05am
GBPUSD

Quoting MikuSS
{quote} It just seems incredible that your 1st target is an all-time low in history, while the 2nd target is somewhere price has never went before..! I really have to rethink about the concept of 'long-term'..
Be very careful with your mind set on long term targets.

That's all they are just ""targets"". They are NOT a prediction and PRICE may take a long time to get there OR may never get there at all.

PRICE will go where the Market takes it, NOT by where anyone predicts or targets.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,124
  • May 22, 2018 10:08am May 22, 2018 10:08am
Quoting strat
GBPUSD {quote} Be very careful with your mind set on long term targets. That's all they are just ""targets"". They are NOT a prediction and PRICE may take a long time to get there OR may never get there at all. PRICE will go where the Market takes it, NOT by where anyone predicts or targets.
Another day, another lesson learnt..

Noted, understood and thanks!
  • #5,125
  • Edited 3:50am May 23, 2018 3:15am | Edited 3:50am
EURJPY M5 PASR Trend Trading:


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





Happy Trading,
Yomi
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Time always comes before price
  • #5,126
  • May 23, 2018 3:37am May 23, 2018 3:37am
Quoting fxrabbi
EURJPY M5 PASR Trend Trading: LIVE this morningat the MOVING HARD RIGHT EDGE................ Happy Trading, Yomi {image}
306 pips in 45 minutes. Now that's how it's done!
Done for the week there aren't you!
Study enough and it all starts looking like the Matrix...
  • #5,127
  • Edited 12:48pm May 23, 2018 3:46am | Edited 12:48pm
Quoting samsonwebdes
{quote} 306 pips in 45 minutes. Now that's how it's done! Done for the week there aren't you!
No, not done. I didn't trade yesterday, because I didn't see my kind of trend (smooth saw tooth blade structure) on my trading pairs, so that covers for yesterday.........LOL.


Happy Trading,
Yomi.
Time always comes before price
  • #5,128
  • May 23, 2018 4:44am May 23, 2018 4:44am
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Just imagining what it would have been like seeing this before it happens.
Entering at the BEEB as marked and closing out accordingly
How many pips are we looking here?

Strat M5 Trend Trading is indeed the bomb.

NB. It is yet on the downward slide as i write.

Emeka
  • #5,129
  • May 23, 2018 5:17am May 23, 2018 5:17am
In the spirit of Traders helping Traders,
and for academic enlightenment purposes,
I would love for our M5 expert traders in the house
To look at the below charts and show us where they would have entered and exited each trade.
I believe that this pictorial tutorial will help us understand the strategy better.
I hope i have not exceeded my boundaries?
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Thank you my seniors for your assistance,

Emeka
  • #5,130
  • May 23, 2018 5:58am May 23, 2018 5:58am
Quoting fxrabbi
EURJPY M5 PASR Trend Trading: LIVE this morning at the MOVING HARD RIGHT EDGE................ Happy Trading, Yomi {image}
Hello everybody

Good!
Do you ignore the new medium impact?

Since 2 days no trades for me!
  • #5,131
  • Edited 11:20am May 23, 2018 6:14am | Edited 11:20am
Quoting fleurdelys
{quote} Hello everybody Good! Do you ignore the new medium impact? Since 2 days no trades for me!
Yes, I only trade what I see on my charts, and this is my rule about trading during the NEWS.

No trading H1 before Red News and M30 after Red News.


Happy Trading,
Yomi.
Time always comes before price
  • #5,132
  • May 23, 2018 7:05am May 23, 2018 7:05am
What a day for trading today!

Today's trade: NZDUSD

BB: Still in down swing

B: Last week's candle closed in a WCC, and also as a bond hammer

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Worker: After last's week "Bond" candle, I have been looking for an opportunity to short this pair. Yesterday's candle closed with a pseudo shooting-star (more like a doji to the downside), which I decided to enter by placing a sell stop below that candle. Although we are technically in a WCC, I decided to short this pair because of the 'Bond' hammer

Targeting weekly low at 0.683 area.

Attached Image (click to enlarge)
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Price is currently still stuck at low of WCC. Will see how the candle closes today and decide what I will do tomorrow
  • #5,133
  • May 23, 2018 7:15am May 23, 2018 7:15am
And one of today's mover: GBPUSD add-on trade

I have noticed a trend that when price breaks out of WCC, price tends to retest at the low of WCC. I entered a sell limit at the low of the old WCC, which promptly got filled yesterday. (See my post on EURUSD, same thing happening #4354).

Strat, is this a strategy you would recommend in the long run? It has been working well for me so far.

And today... You know the rest..

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  • #5,134
  • May 23, 2018 8:56am May 23, 2018 8:56am
M5 PASR Trend Trading

Quoting 2hpriest
In the spirit of Traders helping Traders, and for academic enlightenment purposes, I would love for our M5 expert traders in the house To look at the below charts and show us where they would have entered and exited each trade. I believe that this pictorial tutorial will help us understand the strategy better. I hope i have not exceeded my boundaries? {image} {image} {image} Thank you my seniors for your assistance, Emeka
Emeka, you will learn much more if YOU, from YOUR understanding of my M5 PASR Trend Trading strategies, show us where YOU would have entered and exited.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,135
  • May 23, 2018 9:01am May 23, 2018 9:01am
GBPUSD

Quoting MikuSS
And one of today's mover: GBPUSD add-on trade I have noticed a trend that when price breaks out of WCC, price tends to retest at the low of WCC. I entered a sell limit at the low of the old WCC, which promptly got filled yesterday. (See my post on EURUSD, same thing happening #4354). Strat, is this a strategy you would recommend in the long run? It has been working well for me so far. And today... You know the rest.. {image}
Well done!

Strat, is this a strategy you would recommend in the long run?

Yes. I have posted many times of "fake" breakouts from the Weekly Control Candle where we should WAIT for a re-test of the upper and lower limits before initiating a trade.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,136
  • Edited 10:00am May 23, 2018 9:47am | Edited 10:00am
Hi all, I'm a long time lurker on this thread but now I want to paticipate more actively.

I will first thank you Strat for the impressive work you put into this thread on daily basis.

I want to learn the M5 PASR Trend Trending method. The reason is that my time zone is such that I can follow London Open after delivers my children at the school (then I have 4 hours before I get the children at the school). Yes, I now I can use the daily timeframe instead, but I want first to test out the 5M version and check out if I'm comfortable with this timeframe (I never traded 5M before).

I have taken unsubscribe on all others threads such that I'm 100% focused on this thread only.

Here is 2 green trades on USDCAD:

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Here is 1 red trade on EURUSD:

Attached Image (click to enlarge)
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Regards

Paal
  • #5,137
  • May 23, 2018 10:29am May 23, 2018 10:29am
Quoting 2hpriest
{image} Just imagining what it would have been like seeing this before it happens. Entering at the BEEB as marked and closing out accordingly How many pips are we looking here? Strat M5 Trend Trading is indeed the bomb. NB. It is yet on the downward slide as i write. Emeka
Out of interest (Given 2hPriest's entry arrow, which I believe is theoretical?) does anybody trade M5 PASR during the Asian session?

Some of those yens really move in that time!
  • #5,138
  • May 23, 2018 11:36am May 23, 2018 11:36am
Quoting kirinda
Hi all, I'm a long time lurker on this thread but now I want to paticipate more actively. I will first thank you Strat for the impressive work you put into this thread on daily basis. I want to learn the M5 PASR Trend Trending method. The reason is that my time zone is such that I can follow London Open after delivers my children at the school (then I have 4 hours before I get the children at the school). Yes, I now I can use the daily timeframe instead, but I want first to test out the 5M version and check out if I'm comfortable with this timeframe...
Well done for your first trade, well taken. Your second trade, look at it as cost of doing business. Always try to take your entry close to the Strat Shadow, so that you can get a smaller/better SL. This will enable you to re-enter again in order to cover your costs/SL when you know that the market is trending.


Happy Trading,
Yomi.
Time always comes before price
  • #5,139
  • May 23, 2018 11:54am May 23, 2018 11:54am
Quoting fxrabbi
{quote} Well done for your first trade, well taken. Your second trade, look at it as cost of doing business. Always try to take your entry close to the Strat Shadow, so that you can get a smaller/better SL. This will enable you to re-enter again in order to cover your costs/SL when you know that the market is trending. Happy Trading, Yomi.
Your second trade, look at it as cost of doing business. Always try to take your entry close to the Strat Shadow, so that you can get a smaller/better SL. This will enable you to re-enter again in order to cover your costs/SL when you know that the market is trending.

Yomi, I have notice how you use momentum when you trade. I tried the same for the EURUSD with direct entry without candle close. I can see your point with the entry distance to the Strat Shadow and the smaller/better SL, and will make a note about it.

Paal
  • #5,140
  • Edited 10:46pm May 23, 2018 12:48pm | Edited 10:46pm
Hi Strat and all,

My only trade (live) today. Bit late to open the charts and all the best moves have already happened. saw this little trade after the SS . baby sit this for more than 4 hours for merely 24 pips. slowly getting the idea of what it means stress free trading.anyhow here it is.

rgds

Suranga

P.s. And I am off to bed. catch you all tomorrow.happy trading and have a good day
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