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Strat's PASR Long Term, Stress Free Trading

  • #5,141
  • May 23, 2018 12:57pm May 23, 2018 12:57pm
Quoting Humbucker
{quote} 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!
I have a couple of times when I was up at 4am..(long story). However I wouldn't make a special effort unless you happen to be worker shifts or something.

The Asian is generally a grind. I have noticed a cycle of GBPNZD/AUD though when you do have trends from about 1230am UK time, I think it's either news based or someone in the US has handed the bat over to someone in Asia to run up a trend before UK opens. Seems to happen a few times a month however I haven't studied it.

Can't beat 0900 and 1430 BST if you ask me on M5.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #5,142
  • May 23, 2018 1:01pm May 23, 2018 1:01pm
Quoting Suran
Hi Strat and all, My only trade (live) today. Bit late to open the charts and all the best move 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 {image}
Well done, always watch out for some few candles before your entrance, do make sure they don't have too much of wicks on them, especially on both sides, this aren't good/strong trend.


Happy Trading,
Yomi.
Time always comes before price
  • #5,143
  • May 23, 2018 1:06pm May 23, 2018 1:06pm
Quoting Suran
Hi Strat and all, My only trade (live) today. Bit late to open the charts and all the best move 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 {image}
Good Suran

Think also about time and expending your mental energy. If it doesn't move there might be something else that does so look for it. (I always pick the snails too! while a tiger takes off!).

Also when you entered the price action had already done a large part of the trend so was ready to take a breather before the next leg for the US session.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #5,144
  • May 23, 2018 2:40pm May 23, 2018 2:40pm
EURCAD

I m short on this pair, entered yesterday after pullback at support/resistance zone
Next zone would give a RRR near 1

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  • #5,145
  • May 23, 2018 4:28pm May 23, 2018 4:28pm
Quoting fxrabbi
{quote} Well done, always watch out for some few candles before your entrance, do make sure they don't have too much of wicks on them, especially on both sides, this aren't good/strong trend. Happy Trading, Yomi.

Hi Yomi and BeyondTheSea,

Thank you very much for the reviews.much appreciate.

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #5,146
  • May 23, 2018 11:47pm May 23, 2018 11:47pm
Quoting Bestof27
EURCAD I m short on this pair, entered yesterday after pullback at support/resistance zone Next zone would give a RRR near 1 {image}
Hi, Bestof27

After the BEEB, I would Drop down to H4 to look for better entry and better R:R.
Attached Image (click to enlarge)
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And I enter a SHORT GBPCAD on H4 chart.
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thanks
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #5,147
  • May 24, 2018 3:18am May 24, 2018 3:18am
Quoting strat
M5 PASR Trend Trading {quote} 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.
Your reply is noted, Strat.
From the little that i have understood for now,
If I was to take those trades, I would try to enter on a pullback to or close to the Strat Shadow with the proper PA and also exit at the site of a possible reversal PA (as shown in my first post) tentatively.
This is to get a lower Stop Loss ,better RRR and add new positions as the trend continues in our favour.
Will demonstrate with another chart in the near future as i cant place marks on the already posted charts.
Thank you again for your response
Emeka
  • #5,148
  • May 24, 2018 4:28am May 24, 2018 4:28am
i'm away for a bit - trading again in a few weeks.
  • #5,149
  • May 24, 2018 5:22am May 24, 2018 5:22am
Good morning,

Small trade on Eurusd ratio average 1:3
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and Eur cad

I closed 1/2 of the position then the rest BE.

Not sure my trade management mode is great.
But I try to take great/big profit for mini risk.
  • #5,150
  • May 24, 2018 8:59am May 24, 2018 8:59am
Quoting Humbucker
{quote} 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!
The Asian session moves "their" currencies - "$AUD, $NZD and JPY
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,151
  • May 24, 2018 9:31am May 24, 2018 9:31am
I guess about 25 pips is all I'm going to find this morning.

Off to do stuff.
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,152
  • Edited 12:58pm May 24, 2018 11:56am | Edited 12:58pm
USDCAD M5 PASR Trend Trading


Today I made error with my trade management that made me lose a trade :
First trade I move SL to BE after 1R, and the SL was hit by the next swing.
Then I re-enter with the next BUEB. When I re-entered I made the misstake by using the same position size as for trade 1. The SL then was too small because
I never risk over a specific % for every trade.
I should have closed the trade and re-entered again with new position size and SL under swing point but instead I was hoping for the best.


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  • #5,153
  • May 24, 2018 2:04pm May 24, 2018 2:04pm
Quoting kirinda
USDCAD M5 PASR Trend Trading Today I made error with my trade management that made me lose a trade : First trade I move SL to BE after 1R, and the SL was hit by the next swing. Then I re-enter with the next BUEB. When I re-entered I made the misstake by using the same position size as for trade 1. The SL then was too small because I never risk over a specific % for every trade. I should have closed the trade and re-entered again with new position size and SL under swing point but instead I was hoping for the best. {image}...
I guess you learned a little about giving your position room to breath. Learning to see how the Strat Shadow breathes with price fluctuations will help eliminate these kinds of errors. But also a trader has to 100% accept the risk.

You have probably kicked yourself enough especially since price went to your target without you.

If you want to trade Strats way it will require all your focus with no sidetracks on other threads or methods. Strats way has 30 years of proving and now others here are taking it to new levels.

Trust the shadow......when traded correctly will keep you out of trouble and give you pips.

Accept the risk and move on to the next opportunity.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,154
  • May 24, 2018 4:11pm May 24, 2018 4:11pm
AUDUSD long for 60 pip target at next resistance, Big Boss and Boss Strat Shadow.
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  • #5,155
  • May 24, 2018 8:23pm May 24, 2018 8:23pm
Quoting kirinda
USDCAD M5 PASR Trend Trading Today I made error with my trade management that made me lose a trade : First trade I move SL to BE after 1R, and the SL was hit by the next swing. Then I re-enter with the next BUEB. When I re-entered I made the misstake by using the same position size as for trade 1. The SL then was too small because I never risk over a specific % for every trade. I should have closed the trade and re-entered again with new position size and SL under swing point but instead I was hoping for the best. {image}...
Hi Kirinda,

If you have the time, why not trade the daily charts as well? Much less stressful, 15 minutes of analysis everyday, then you can carry on with your daily life.

M5 has lots of noise that, unless you are rather experienced in reading price action, it can get really stressful (I know, I have been there) which might explain your action of moving SL to BL (your little people shouting: I don't want to lose money!)

Trading Daily instill discipline and control your Little People by not looking at your charts during the day, removing human emotions. GREED and FEAR do not come into play if you don't see the candles moving, unlike m5.

Daily=Place your orders in 15 minutes, do something else and enjoy life!
M5= stare at charts for a few hours.

Which do you choose? There is no good or bad, it depends on your personality as well. Don't fall into the trap of M5=quick pips!
  • #5,156
  • May 25, 2018 2:42am May 25, 2018 2:42am
Quoting Rufus
{quote} I guess you learned a little about giving your position room to breath. Learning to see how the Strat Shadow breathes with price fluctuations will help eliminate these kinds of errors. But also a trader has to 100% accept the risk. You have probably kicked yourself enough especially since price went to your target without you. If you want to trade Strats way it will require all your focus with no sidetracks on other threads or methods. Strats way has 30 years of proving and now others here are taking it to new levels. Trust the shadow......when...
Hi, Rufus

You have probably kicked yourself enough especially since price went to your target without you.

No, I see it like payment to the market for learning .

If you want to trade Strats way it will require all your focus with no sidetracks on other threads or methods.

I have unsubscribed from all other threads to focus 100% on this thread.

Trust the shadow......when traded correctly will keep you out of trouble and give you pips.

I'm consider strat shadow before every trade.


Paal
  • #5,157
  • May 25, 2018 2:50am May 25, 2018 2:50am
EURNZD WCC Breakout trade

When SR is near a low/high of WCC, price tends to visit the place again. I placed a sell limit, and voila, it got triggered.

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  • #5,158
  • May 25, 2018 2:55am May 25, 2018 2:55am
Today's add-on: GBPUSD

Since I had time today, I tried to enter an add-on trade on the m5 chart.

Entered on the BEEB at resistance. Let's see how it turns out.

Attached Image (click to enlarge)
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Edit: Not sure if we look at M30 charts, but the bond hammers are telling me that price still wants to go down, so I feel confident with this add-on.

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  • #5,159
  • May 25, 2018 2:58am May 25, 2018 2:58am
AUDNZD

Decisive moment coming up for this pair.

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  • #5,160
  • May 25, 2018 3:04am May 25, 2018 3:04am
Quoting MikuSS
EURNZD WCC Breakout trade When SR is near a low/high of WCC, price tends to visit the place again. I placed a sell limit, and voila, it got triggered. {image}
Bear in mind for a weekly control candle, it's only a breakout if the weekly(boss) chart closes outside. While I'm with you in thinking it's likely to drop, strat says to wait. Mind you I'm sure there will be a correction if I got it wrong!

EDIT: just checked my charts and I have it still inside a WCC from December last year.
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