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Strat's PASR Long Term, Stress Free Trading

  • #5,161
  • May 25, 2018 1:11am May 25, 2018 1:11am
Quoting Rub
{quote} 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!
Yes you are right. We have to wait for the closing of the Boss.
See post 3803 last paragraph.
  • #5,162
  • May 25, 2018 1:24am May 25, 2018 1:24am
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}
I agree with Rub, your WCC may be wrong

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  • #5,163
  • May 25, 2018 1:36am May 25, 2018 1:36am
Quoting Bestof27
{quote} I agree with Rub, your WCC may be wrong {image}
Argh I can't believe I got this WCC wrong again! It's fine, so one less confluence for entry. My TP is still the low of WCC.

Price is still looking to the downside. I will stay in the trade.
  • #5,164
  • May 25, 2018 5:09am May 25, 2018 5:09am
Quoting MikuSS
{quote} 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...
Hi Miku

If you have the time, why not trade the daily charts as well

I read most of the post about the worker also, but first i will concentrate on the 5M version. After I'm constant profitable I will start with daily (I have to see how long time I need for this ).

M5 has lots of noise that, unless you are rather experienced in reading price action, it can get really stressful

Yes, it can be stressful if you tray to find and manage many trades at the same time, but if you limit yourself to max hours per day and and max trades per day i think isn't that stressful. Also I have to find out if I feel good trading the short term.


Paal
  • #5,165
  • May 25, 2018 5:15am May 25, 2018 5:15am
5M PASR Trend Trading

Today I have had one BE trade on EURCAD and one green trade on AUDCAD :

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Paal
  • #5,166
  • May 25, 2018 6:12am May 25, 2018 6:12am
Quoting MikuSS
{quote} Argh I can't believe I got this WCC wrong again! It's fine, so one less confluence for entry. My TP is still the low of WCC. Price is still looking to the downside. I will stay in the trade.
My friend,
I want to use this opportunity to express my heartfelt gratitude and appreciation
For the interest and concern you, Rufus and Sabbah showed in getting my chart Strat Shadow-fied.
Through PM's and Skype charts.
Behold the new chart.
The next step now is learning how to use it.
Back to the Path for me, this quest will be achieved.
Your post above is sure one way to use it.
Appreciate it.
Thank you
Emeka
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  • #5,167
  • May 25, 2018 6:43am May 25, 2018 6:43am
Looks like no 5m PASR for me this morning in my time zone. Charts are a mess. AUDCAD looks like it produced some pips for you guys trading the London session. I will be leaving it alone. Price is running into support seen on the 4h chart.

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Monday is a bank holiday for USD and GBP so probably will be another day of chop.

Something I had been thinking about but never really looked into (not sure how I would research it). Bank holidays like the one coming up. Here in the US this holiday kicks off the Summer vacation season maybe it does the same in the UK. How many bank traders bolt early for their vacations and leave some flunkies behind to keep an eye on their positions with strict orders to do nothing unless something weird happens?

It seems that often the day before a major bank holiday the charts are choppy. Why? Are a lot of positions being closed out or balanced?

Coffee cup is empty...

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,168
  • May 25, 2018 6:57am May 25, 2018 6:57am
EURJPY M5 PASR Trend Trading:


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





Happy Trading,
Yomi
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Time always comes before price
  • #5,169
  • May 25, 2018 7:05am May 25, 2018 7:05am
Quoting Rufus
Looks like no 5m PASR for me this morning in my time zone. Charts are a mess. AUDCAD looks like it produced some pips for you guys trading the London session. I will be leaving it alone. Price is running into support seen on the 4h chart. {image} {image} Monday is a bank holiday for USD and GBP so probably will be another day of chop. Something I had been thinking about but never really looked into (not sure how I would research it). Bank holidays like the one coming up. Here in the US this holiday kicks off the Summer vacation season maybe it does...
EURJPY

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It looks like if I drug my butt out of bed earlier there was a few pips here. 4:30 am is to early to do every day of the week for me.
The time zone I trade from is a tough with a full time and often strenuous job. My job comes with the pressures of its own.

One thing super nice about trading the daily PASR is it is truly Strat's PASR Long Term, Stress Free Trading.

Speaking of summer vacations. I'll be heading here for a few days for a little fly fishing. This will be my "Bank holiday"

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Have a good weekend all.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,170
  • May 25, 2018 7:10am May 25, 2018 7:10am
EURJPY M5 PASR Trend Trading 1121 pips!

Quoting fxrabbi
EURJPY M5 PASR Trend Trading: LIVE at the MOVING HARD RIGHT EDGE................ Happy Trading, Yomi {image}
Quadruple pips is what we get trading the Worker and you are doing it on M5 - what a guy, well done, Yomi!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,171
  • May 25, 2018 7:23am May 25, 2018 7:23am
EURJPY Worker

Quoting Rufus
{quote} EURJPY {image} It looks like if I drug my butt out of bed earlier there was a few pips here. 4:30 am is to early to do every day of the week for me. The time zone I trade from is a tough with a full time and often strenuous job. My job comes with the pressures of its own. One thing super nice about trading the daily PASR is it is truly Strat's PASR Long Term, Stress Free Trading. Speaking of summer vacations. I'll be heading here for a few days for a little fly fishing. This will be my "Bank holiday" {image} Have a good weekend all.
One thing super nice about trading the daily PASR is it is truly Strat's PASR Long Term, Stress Free Trading.

1370 pips banked, 607 pips still running STRESS FREE and only a couple of minutes analysis and chart time at End of Day.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,172
  • May 25, 2018 7:26am May 25, 2018 7:26am
Quoting fxrabbi
EURJPY M5 PASR Trend Trading: LIVE at the MOVING HARD RIGHT EDGE................ Happy Trading, Yomi {image}
You have raised the bar of excellence.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,173
  • May 25, 2018 7:29am May 25, 2018 7:29am
GBPJPY Worker

And don't forget her ugly sister - 1729 pips still running

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,174
  • May 25, 2018 7:34am May 25, 2018 7:34am
Quoting fxrabbi
EURJPY M5 PASR Trend Trading: LIVE at the MOVING HARD RIGHT EDGE................ Happy Trading, Yomi {image}
Love that your trade was good but I don't understand your entry. I thought the entry would be after the retest at the S/R you drew and coming off the 20MA as near as possible when you see price action. You took multiple entries on a candle that was far from the S/R and the 20. If you had waited and entered after the pull back and the big red candle the result would have been the same but the risk would have been less cause your stop would have been just above the last tail above the S/R. Is that not right or am I missing something? I was expecting Strat to say the same but he thought it was great. I'm confused.com
  • #5,175
  • Edited 8:13am May 25, 2018 7:53am | Edited 8:13am
Quoting caledonia
{quote} Love that your trade was good but I don't understand your entry. I thought the entry would be after the retest at the S/R you drew and coming off the 20MA as near as possible when you see price action. You took multiple entries on a candle that was far from the S/R and the 20. Am I missing something? I was expecting Strat to say the same but he thought it was great. I'm confused.com
All I do is wait patiently for the market to have enough strength to push price in the desired direction and piggyback on the momentum on the hope of an extension move.

Truth to what you have said, but there's no one way to trading. All I trade is trend, not PA. Once I determine the trend, I normally jump into the trend, truth to your thoughts and what Strat could have love me to do is add some add-on after the re-test of the SR, but my style doesn't allow me that. I'M A TREND TRADER that makes use of MOMENTUM. I trade just trend with the help of PASR and the Strat Shadow.


Happy Trading,
Yomi
Time always comes before price
  • #5,176
  • May 25, 2018 7:56am May 25, 2018 7:56am
Ok Yomi that certainly answers my question. You had me scratching my head there lol
  • #5,177
  • May 25, 2018 8:22am May 25, 2018 8:22am
EURAUD M5 PASR Trend Trading

Quoting kirinda
5M PASR Trend Trading Today I have had one BE trade on EURCAD and one green trade on AUDCAD : {image} {image} Paal
You mean EURAUD (according to your chart)

Read, Learn and UNDERSTAND PASR and you will know to exit anywhere in the black box

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,178
  • May 25, 2018 8:51am May 25, 2018 8:51am
Quoting strat
EURAUD M5 PASR Trend Trading {quote} You mean EURAUD (according to your chart) Read, Learn and UNDERSTAND PASR and you will know to exit anywhere in the black box {image}
Strat, thanks for the exit tips. Is very clear when you show it

Paal
  • #5,179
  • May 25, 2018 9:25am May 25, 2018 9:25am
Trading Psychology

Time for me to post this again:

Trading Psychology

Posting this again as it seems that if it does not have a chart or is not about making pips, then people do not bother to read it let alone ABSORB and UNDERSTAND it.

This is one of the most important aspects in trading you will never see written or spoken about anywhere. Ignore it at your peril!

What 99.9999% of people on these public trading forums don't realise is that they need their trading brain to be working at 100% efficiency at peak optimum power when they are trading.

Anytime you use an indicator to do something for you, you LOSE trading brain efficiency and your trading brain becomes lazy and expects you to find other things so it doesn't have to work.

The more you use and rely on indicators, EAs and other black magic crap, the slower and lazier your trading brain becomes until eventually it goes to sleep and you empty your trading accounts.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,180
  • May 25, 2018 9:51am May 25, 2018 9:51am
Hello everyone.

As the week is approaching its end, I want to share my trades this week.
First of all, I moved to MT4, so my charts will look different than always.

AUD/CAD: Just as other AUD pairs I saw some hammers on the Boss, so I waited until I could see some more buying. My entry was maybe a little late, but I'm okay with what I got now. If price continues further, my target is around 98.80.

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GBP/JPY: Just as my last analysis on GBP/JPY, I was waiting for some direction from the Big Boys, as PRICE was making LH and HL. I entered the break of last low.

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I am also looking into GBP/NZD and NZD/CAD, as:

 

  1. GBP/NZD seems to be showing stong selling and possible break outside of WCC on the Boss chart.
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  4. NZD/CAD closed as a doji-like candle last week after strong selling, what showed me that Big Boys were thinking what to do next and that their targets were possibly reached as it reached a support level. This week PRICE moved up pretty confidently, which could show what the Big Boys might be up to.
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