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Strat's PASR Long Term, Stress Free Trading

  • #5,221
  • Edited 5:40am May 28, 2018 5:23am | Edited 5:40am
5M PASR Trend Trading

Today I have one 48 pips trade on EURUSD. Little premature because I should have waited to 1 hour after London Open, but because it looks so good I could't resist. My target was second resistance on the chart because the distance was to short to first resistance.

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Paal
  • #5,222
  • May 28, 2018 5:33am May 28, 2018 5:33am
Quoting Cj.cn
{quote} Hi, Frank0 the WCC which you market is NOT a WCC. It is controled by the Pre week candle. {image} @MikuSS, You are wrong about the WCC of AUDUSD too. thanks
Here we go again... At this rate this might turn into a WCC thread.

CJ.cn, I believe you are the one who understood WCC wrongly..
  • #5,223
  • May 28, 2018 5:40am May 28, 2018 5:40am
Regarding WCC, see pages 211+212, that was the latest discussion.
Hope that helps.
  • #5,224
  • May 28, 2018 6:17am May 28, 2018 6:17am
Hi, everyone!

Still trying to understand Strat's M5 trading strategy. Entry when the most recent support got broken, and adding-on on retracement.
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  • #5,225
  • Edited 9:07am May 28, 2018 8:07am | Edited 9:07am
EUR CAD M5

Basically I try to focus on long term timeframes, but today I couldn’t resist trying M5:

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  • #5,226
  • May 28, 2018 8:36am May 28, 2018 8:36am
Nice trades guys, I didn't even watch the charts today because its BANK HOLIDAY for both GBP and USD. However it seams nice trendy day today for some pairs.
Focus, Patience, Discipline, Determination and Perseverance
  • #5,227
  • May 28, 2018 8:58am May 28, 2018 8:58am
EURNZD M5 PASR Trend Trading:



LIVE at the MOVING HARD RIGHT EDGE.................where I usually wait patiently for the market to have a enough STRENGTH to push price in the desired direction and piggyback on the MOMENTUM in the hope of an extension move via the "SMOOTH SAW TOOTH BLADE STRUCTURE", thanks to the STRAT SHADOW.




Happy Trading,
Yomi
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Time always comes before price
  • #5,228
  • May 29, 2018 2:00am May 29, 2018 2:00am
Hello everybody

Yesterday was a great day: I almost realized 150 pips on EUR NZD too!
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I was looking for the Strat post that indicates which pair to use for M5 London and M5 NY, because I have for now all his list but very tight. (I think for londre USD, EUR, CAD, GBP?)

What size of screen do you have? Because on my screen 17 '' it's very very tight!

Also for M5 traders, are you using ATR? I see it from time to time on your charts.
I do not know too much ATR, but it seems that it indicates the volatility on x period.

Have a nice day and lots of pips for everyone ^^
  • #5,229
  • May 29, 2018 3:43am May 29, 2018 3:43am
EUR down because of Italy?
  • #5,230
  • May 29, 2018 3:49am May 29, 2018 3:49am
Quoting fleurdelys
EUR down because of Italy?
Euro is down for 5 weeks, Italy isn't helping at the moment !
  • #5,231
  • May 29, 2018 5:08am May 29, 2018 5:08am
Still trying to understand Strat's M5 strategy.

Small gains this morning on EA, EU and EC. only 62 pips.
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And a lost one, GJ, 43 pips.
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  • #5,232
  • May 29, 2018 5:59am May 29, 2018 5:59am
Quoting catalin_eros
Still trying to understand Strat's M5 strategy. Small gains this morning on EA, EU and EC. only 62 pips. {image} {image} {image} And a lost one, GJ, 43 pips. {image}
EUR and GBP plummeted without much breathing this morning, it was hard to catch if you were waiting for a re-test of the EMA 20 zone. Well done on those
On GBPJPY:
1. your entry was valid but I would have cut my position earlier once I saw my expectation wasn't happening (around 144.20)
2. I would have though long and hard about taking this one after seeing the strong push back from the buyers starting from 10:30 CET

Always easier to give advice with hindsight, your morning was positive, that's all that matters
  • #5,233
  • May 29, 2018 9:16am May 29, 2018 9:16am
EURUSD M5 PASR Trend Trading 48 pips

Quoting kirinda
5M PASR Trend Trading Today I have one 48 pips trade on EURUSD. Little premature because I should have waited to 1 hour after London Open, but because it looks so good I could't resist. My target was second resistance on the chart because the distance was to short to first resistance. {image} Paal
Good job but I think you mean support not resistance.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,234
  • May 29, 2018 9:18am May 29, 2018 9:18am
EURNZD M5 PASR Trend Trading 148 pips

Quoting fleurdelys
Hello everybody Yesterday was a great day: I almost realized 150 pips on EUR NZD too! {image} I was looking for the Strat post that indicates which pair to use for M5 London and M5 NY, because I have for now all his list but very tight. (I think for londre USD, EUR, CAD, GBP?) What size of screen do you have? Because on my screen 17 '' it's very very tight! Also for M5 traders, are you using ATR? I see it from time to time on your charts. I do not know too much ATR, but it seems that it indicates the volatility on...
Well done!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,235
  • Edited 10:50am May 29, 2018 9:24am | Edited 10:50am
M5 PASR Trend Trading

Quoting catalin_eros
Still trying to understand Strat's M5 strategy. Small gains this morning on EA, EU and EC. only 62 pips. {image} {image} {image} And a lost one, GJ, 43 pips. {image}
Still trying to understand Strat's M5 strategy

And you never will UNDERSTAND it because you missed the MOST IMPORTANT part of it - PASR

It is my M5 PASR TRend Trading strategy

As darko hinted, had you UNDERSTOOD PASR, you would have known to Take Profit on short positions at 9:35am London time and then trade LONG
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,236
  • May 29, 2018 1:42pm May 29, 2018 1:42pm
NZDUSD/AUDJPY 5M PASR Trend Trading

10 pips on NZDUSD:

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30 pips on AUDJPY (target second support):

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Paal
  • #5,237
  • May 29, 2018 2:26pm May 29, 2018 2:26pm
EURJPY

Took a short trade on EURJPY

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  • #5,238
  • May 29, 2018 7:36pm May 29, 2018 7:36pm
Quoting Bestof27
EURJPY Took a short trade on EURJPY {image}
Nice! Don't know why I missed this trade, I must be sleepy in the morning that day!
  • #5,239
  • May 29, 2018 7:52pm May 29, 2018 7:52pm
Mark Minervini

Almost finished reading his latest book. "Think & Trade Like a Champion" Great book.

Mark is a stock market trader featured in "Market Wizards". His returns are stellar. Anyway the information about trading in general is great. I skipped over some of the Stock Market things.

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My reasoning...

#1 Most here have done this. If not they move on to another thread. Another book for you....Ego Is The Enemy by Ryan Holiday

#2 This one is up to you. Don't think bad about yourself and stay that way.

#3 We have found Strat

#4 Keep your opinions to yourself and be humble to what is taught

#5 PASR, The Strat Shadow, and all the other keys we are being taught

#6 Make the time to read the threads, read the meaning of the candles, see the market daily

#7 We do this daily

#8 Take this step daily, most of us have a comfort zone based in mediocrity. We are striving to be great traders.

#9 Every trade win or lose has valuable information we can learn from. I bet Strat is still learning things.

#10 Priority. Yet we still keep the rest of life in balance.


A few things I was thinking about today.

So Mark Minervini has these ten things to go from mediocre to Superperformer......We have all 10 of his points covered.

Rufus.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,240
  • May 30, 2018 1:21am May 30, 2018 1:21am
Quoting Rufus
#3 We have found Strat
#5 PASR, The Strat Shadow, and all the other keys we are being taught.
Absolutly.
thanks for posting this! Have to question myself about these points.
I know that PASR is the right way. But there are still ups and lots of downs. But I believe if we practice and stay at that method for a long while (years!) we will be successful. So, we shouldn’t give up when we go through a vale of tears again.
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