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Strat's PASR Long Term, Stress Free Trading

  • #5,241
  • May 30, 2018 2:18am May 30, 2018 2:18am
Quoting Rufus
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. {image} 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...
I think this is a list for life, not just trading.
  • #5,242
  • May 30, 2018 6:50am May 30, 2018 6:50am
Quoting Bestof27
EURJPY Took a short trade on EURJPY {image}
Stopped out at BE
Had only one position (micro lot) so couldn't take partial profit yesterday
  • #5,243
  • May 30, 2018 7:09am May 30, 2018 7:09am
I think the signal was valid Nice ratio. (I have a hard time seeing the difference between shooting star and pinbar / doji).

I have not traded since yesterday, I find the markets nervous.

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  • #5,244
  • May 30, 2018 7:21am May 30, 2018 7:21am
GBPUSD

Time to let the little people out for me..

Feels like a wobble zone at this point and I'll take profit here to wait it out for another re-entry if we get one.

Note, 1st was based on the Boss and last 2 entries were on 4 hour so may not be clear on the worker chart.

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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #5,245
  • May 30, 2018 9:09am May 30, 2018 9:09am
NZDUSD & AUDJPY M5 PASR Trend Trading

Quoting kirinda
NZDUSD/AUDJPY 5M PASR Trend Trading 10 pips on NZDUSD: {image} 30 pips on AUDJPY (target second support): {image} Paal
Well done. It seems you have a good understanding of my strategy.

10 pips on NZDUSD is why I don't waste margin on it. Find my Volatility List and trade from the top 10 on there.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,246
  • May 30, 2018 9:20am May 30, 2018 9:20am
EURJPY

Quoting Bestof27
{quote} Stopped out at BE Had only one position (micro lot) so couldn't take partial profit yesterday
Learn and UNDERSTAND PASR and then SEE BEYOND THE CANDLES. Had you done so, you would have Taken Profit at the Worker CLOSE when PRICE was REJECTED from support and made around 127 pips. But good job that you managed it to Break Even.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,247
  • May 30, 2018 9:27am May 30, 2018 9:27am
Quoting strat
EURJPY {quote} Learn and UNDERSTAND PASR and then SEE BEYOND THE CANDLES. Had you done so, you would have Taken Profit at the Worker CLOSE when PRICE was REJECTED from support and made around 127 pips. But good job that you managed it to Break Even. {image}
I saw the rejection and thought about closing the trade, but "my little people" suggested me to stay in the trade to get more... so I choose to move my SL to BE and keep the trade
  • #5,248
  • Edited 9:45am May 30, 2018 9:31am | Edited 9:45am
GBPNZD M5 PASR Trend Trading

Quoting fleurdelys
I think the signal was valid Nice ratio. (I have a hard time seeing the difference between shooting star and pinbar / doji). I have not traded since yesterday, I find the markets nervous. {image}
I have a hard time seeing the difference between shooting star and pinbar / doji

There are NO PIN BARS in PASR

Spend thousands of hours studying thousands of charts with PASR and you will learn the difference and maybe lots more.

The candle to the left of your arrow was a gravestone doji. The candle under your arrow was a Shooting Star. Both were rejections of PRICE from the TREND Strat Shadow telling you what to do.

I find the markets nervous

If Yomi (fxrabbi) doesn't post today, it will mean he has not traded and agrees with you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,249
  • May 30, 2018 9:40am May 30, 2018 9:40am
GBPUSD 1120 pips

Quoting BeyondTheSea
GBPUSD Time to let the little people out for me.. Feels like a wobble zone at this point and I'll take profit here to wait it out for another re-entry if we get one. Note, 1st was based on the Boss and last 2 entries were on 4 hour so may not be clear on the worker chart. {image}
Your apprenticeship on M5 has served you very well, BTS! Wonderful trading.

Long Term, Stress Free, Add On, TREND trading at its finest!

Feels like a wobble zone at this point and I'll take profit here

I have done the same and am awaiting PASR to tell me what to do next.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,250
  • May 30, 2018 9:43am May 30, 2018 9:43am
EURJPY

Quoting Bestof27
{quote} I saw the rejection and thought about closing the trade, but "my little people" suggested me to stay in the trade to get more... so I choose to move my SL to BE and keep the trade
I saw the rejection and thought about closing the trade

Very good that you saw it but LEARN what to do with that knowledge - something like "a bird in the hand is worth two in the bush".
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,251
  • May 30, 2018 10:56am May 30, 2018 10:56am
Quoting strat
GBPUSD 1120 pips {quote} Your apprenticeship on M5 has served you very well, BTS! Wonderful trading. Long Term, Stress Free, Add On, TREND trading at its finest! Feels like a wobble zone at this point and I'll take profit here I have done the same and am awaiting PASR to tell me what to do next.
Thanks Strat!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #5,252
  • May 30, 2018 11:21am May 30, 2018 11:21am
Quoting strat
NZDUSD & AUDJPY M5 PASR Trend Trading {quote} Well done. It seems you have a good understanding of my strategy. 10 pips on NZDUSD is why I don't waste margin on it. Find my Volatility List and trade from the top 10 on there.
It seems you have a good understanding of my strategy

Still I have a lot to learn. Especially "the little people" makes me do wrong decisions.

Find my Volatility List and trade from the top 10 on there.

Yes, I will use that list.

Thanks
  • #5,253
  • Edited 1:25pm May 30, 2018 12:57pm | Edited 1:25pm
My current GBP/JPY trade. Half of position closed, rest is still up until PASR to close. Trying to learn to trade longer term trades and managing my little people.
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  • #5,254
  • May 30, 2018 2:03pm May 30, 2018 2:03pm
GBPJPY

Quoting Svolacius
My current GBP/JPY trade. Half of position closed, rest is still up until PASR to close. Trying to learn to trade longer term trades and managing my little people. {image}
Good, but very late entry

Go back and ask yourself, if you UNDERSTAND PASR, why you did not enter on the RED arrows.

Trying to learn to trade longer term trades and managing my little people

Had you entered with PASR, your Little People would be less of a problem because they would be very happy with 1405 pips so far!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,255
  • May 30, 2018 2:56pm May 30, 2018 2:56pm
Quoting strat
GBPJPY {quote} Good, but very late entry Go back and ask yourself, if you UNDERSTAND PASR, why you did not enter on the RED arrows. Trying to learn to trade longer term trades and managing my little people Had you entered with PASR, your Little People would be less of a problem because they would be very happy with 1405 pips so far! {image}
I still have lots to learn in seeing the trades, that's true. First arrow didn't really appeal to me due to the S/R level which looked pretty significant. Of course now it looks obvious, but back then maybe I did not clearly see the opportunity. Next two arrows should have been a better entry than mine, but I wanted the price to show me a clear direction after making HL and LH as I mentioned in one of my analysis. Still a long way to go, but I've already got 700 pips combined from different trades which is a new milestone to me. One step at a time I suppose.
  • #5,256
  • Edited 10:29am May 31, 2018 9:02am | Edited 10:29am
Hello Strat thank you for the thread. I have read your pdf file (attached). It's really interesting especially from page 62 and on. I like your take on 'a doji' which does not represent reversal (what others might suggest). I agree full-heartedly with you on this one, as I've experienced this myself in my trading experience. I also agree with not being fond of long candles (page 64). I can't agree with you more on that point. For the traders and readers of this thread out there, I agree with you, that traders in particular should remember that trading it about making profit in the end. If you only open trades per month, instead of daily, it's fine. Also, the acronym list was wonderful, especially the F12 hotkey did wonders. Could you please answer my 3 questions?

Question:
1. You said (page 9): "Certain currency pairs, and GBPUSD is one of them, have PRICE levels where round numbers are important. We have to know what these round numbers
are and what PRICE does at these levels. "
-- Question: Could you please go deeper into this and explain which whole round numbers exactly in the GBP/USD (and EUR/USD)?

2. There exists a list of guaranteed things in forex, for example, 1. price will always go up or down and never stay in the same range.
-- Question: Could you please add to this list or upload your take on it?

3. You speak a lot about the wick of a candle. How about a long bullish candle with only a lower wick? (in your pdf you call this 'strong trend')
- Question: if you would always open a buy order on this candle with 50 TP, 50 SL. Forever, 24/5, would your account balance increase or decrease in the end?
Attached File(s)
File Type: pdf STRATS PASR.pdf   2.2 MB | 2,597 downloads
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  • #5,257
  • May 31, 2018 9:05am May 31, 2018 9:05am
PASR

Quoting Svolacius
{quote} I still have lots to learn in seeing the trades, that's true. First arrow didn't really appeal to me due to the S/R level which looked pretty significant. Of course now it looks obvious, but back then maybe I did not clearly see the opportunity. Next two arrows should have been a better entry than mine, but I wanted the price to show me a clear direction after making HL and LH as I mentioned in one of my analysis. Still a long way to go, but I've already got 700 pips combined from different trades which is a new milestone to me. One step...
You are progressing nicely on The Path. Go at your own speed and take your time.

Rather than use those long term trend lines, learn how PRICE reacts in and around the Strat Shadow. Trend lines, like support and resistance levels, are static whereas the Strat Shadow is dynamic and is always moving with PRICE.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,258
  • May 31, 2018 9:15am May 31, 2018 9:15am
GBPCAD

PRICE continues to test and re-test this support zone which means............................................

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,259
  • Edited 9:39am May 31, 2018 9:23am | Edited 9:39am
EURCAD

And, as you would expect, the same test and re-test here...........................

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,260
  • May 31, 2018 9:38am May 31, 2018 9:38am
Crude Oil

Lots of confluence of resistance where PRICE is now which suggests Impulse Wave 5 down will start soon.

Caution is required trading this instrument as it is NOT freely traded.

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15 YEARS OF PASR ON FOREX FACTORY!
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