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Strat's PASR Long Term, Stress Free Trading

  • #5,481
  • Edited Jun 15, 2018 1:26am Jun 14, 2018 11:24pm | Edited Jun 15, 2018 1:26am
Hello Strats. great thread. I trade using longterm guppy ma with setting of 30-60, but I think switching to your 63 72 shadow will not affect much. thank you for sharing your valuable knowledge here in this thread!

Anyway, anyone here trade in M1 using PASR? I saw Strats and Yomi is trading M5, but no one seems to trade M1.
  • #5,482
  • Jun 14, 2018 11:31pm Jun 14, 2018 11:31pm
Quoting Rufus
{quote} Hi CJ Looks like you are getting a grasp on things. One thing though that is important is your risk reward ratio. From the looks of things it was not even a 1:1 ratio. The thing is if you cannot get a better ratio don't even take the trade. If you exit because of PASR that was not favorable to you then great. But from the looks of your chart the pair was moving nicely with the exit. {image} Risk is the only thing we can control. We control it wisely. Strats #1 rule...Capital preservation.
Dear Rufus

Before taking this trade,

1st, I have built CONVICTION that my read is correct (thanks darko2010's post 5307). Because the Boss, the Woker and the H4 tell me the same thing.

2nd, This is a Basic PASR Trade which is from 1st Resistance to Support.
I trade the Boss S/R. I think the next Support of Boss is at 82.20 that is my target and also is the bottom of WCC. I ignored the H4 S/R.

3rd, I consider the RR. and My RR is nearly 2:1.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH4.png Size: 57 KB

thanks for your commends

Cj
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #5,483
  • Jun 15, 2018 12:00am Jun 15, 2018 12:00am
Quoting Gamblr
Hello Strats. great thread. I trade using longterm guppy ma with setting of 30-60, but I think switching to your 63 shadow will not affect much. thank you for sharing your valuable knowledge here in this thread! Anyway, anyone here trade in M1 using PASR? I saw Strats and Yomi is trading M5, but no one seems to trade M1.
We trade to LIVE, NOT live to trade.
So I think no one trade M1 just practise on M1.

that is 72 not 63.

Cj
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #5,484
  • Jun 15, 2018 1:27am Jun 15, 2018 1:27am
Quoting Cj.cn
{quote} We trade to LIVE, NOT live to trade. So I think no one trade M1 just practise on M1. that is 72 not 63. Cj
Okay, thank you so much for correction.
  • #5,485
  • Jun 15, 2018 2:12am Jun 15, 2018 2:12am
Quoting MikuSS
GBPJPY Finally I see a good trade shouting 'trade meeee' after days (or weeks) of waiting. BB: May's candle shows a downtrend. June's unfinished candle tested the 20ema of the Strat Shadow and was rejected. {image} B: Boss also shows price retesting the Strat Shadow not once but twice, although this time round the shadow is intertwined (we see almost 1 line!), suggesting a huge swing coming. Price is in WCC. {image} Worker: Yesterday's candle closed as my favourite BEEB/DBHLC (Double High Lower Close) at resistance zone. 1st target at low of WCC,...
I was going to post pretty much the same thing, but I am looking at a lower time frame for timing my entry to get a better risk:return. As it stands on the daily I make it as a little over 1:1 to first support.
  • #5,486
  • Jun 15, 2018 2:21am Jun 15, 2018 2:21am
Quoting Humbucker
Hi traders Rumours of my death have been exaggerated! I had a week of holiday, followed by 1 week + business travel outside my normal timezone, followed by a bit of trading like a complete and utter pillock!! So I'm not lurking, I'm not ignoring and I've not given up.... I'm also: Not treating my trading like a business Not working to a plan Not reviewing what I do properly Not consistently applying the same set of rules Not using R:R in my trade entries But what I am doing is: I am trading off my emotions I am allowing fear and greed to cloud my...
Please, don't relent on your efforts, because the more you trade a proven system like PASR, the luckier you get.


Happy Trading,
Yomi
Time always comes before price
  • #5,487
  • Jun 15, 2018 2:24am Jun 15, 2018 2:24am
Hello,
Yesterday
Short AUDUSD, 45mins after the red USD news.
SL above BEOB.
Ratio 2... Trade closed late for me.

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 268 KB


Yomi Bravo!
I did not want to short early , because I thought I would see a small resistance close to 1.7547.
Then I was suspicious with the news approach. (may be too much)
  • #5,488
  • Edited 3:15am Jun 15, 2018 2:33am | Edited 3:15am
Happy Eid-el-Fitr to our Muslim Brothers and Sisters here.

On this special day, we celebrate our shared values of peace, open-heartedness and love.



Happy Trading,
Yomi.
Time always comes before price
  • #5,489
  • Jun 15, 2018 2:33am Jun 15, 2018 2:33am
Quoting MikuSS
GBPJPY Finally I see a good trade shouting 'trade meeee' after days (or weeks) of waiting. BB: May's candle shows a downtrend. June's unfinished candle tested the 20ema of the Strat Shadow and was rejected. {image} B: Boss also shows price retesting the Strat Shadow not once but twice, although this time round the shadow is intertwined (we see almost 1 line!), suggesting a huge swing coming. Price is in WCC. {image} Worker: Yesterday's candle closed as my favourite BEEB/DBHLC (Double High Lower Close) at resistance zone. 1st target at low of WCC,...
The worker is at the bottom of a 200 pips range, so may be you could place your sell stop below the range low around 146.14, and take care of WCC

Attached Image (click to enlarge)
Click to Enlarge Name: (Image PNG, 1493 × 678 pixels).png Size: 85 KB
  • #5,490
  • Jun 15, 2018 2:51am Jun 15, 2018 2:51am
Quoting Bestof27
{quote} The worker is at the bottom of a 200 pips range, so may be you could place your sell stop below the range low around 146.14, and take care of WCC {image}
Interesting. Do you always look for things like this? Unless I am missing something, it seems like a 'wastage' of pips to me. Bad R:R as well.

In fact, we have been talking so much about PASR on this thread ( and the old thread as well), but what is the standard sell/buy stop placement for both M5 and Worker entry?
  • #5,491
  • Jun 15, 2018 3:01am Jun 15, 2018 3:01am
Regarding the Strat Shadow...

Strat, i remember you saying that a friend of yours tan through a simulation and found out 72ema reacted well to price last year. That is the reason why we switched from 63 to 72.

Going forward, if we are to become independant traders (or this forum closes one day), should we be concerned about the new ema of the Strat Shadow every year?
  • #5,492
  • Jun 15, 2018 3:32am Jun 15, 2018 3:32am
Thank you brother Yomi. I'm still plugging away - there was no melancholy in that post: I'll leave that until we get eliminated from the World Cup on penalties.

(Hopefully this is correct Eid Mubarak
  • #5,493
  • Jun 15, 2018 3:42am Jun 15, 2018 3:42am
Quoting MikuSS
{quote} Interesting. Do you always look for things like this? Unless I am missing something, it seems like a 'wastage' of pips to me. Bad R:R as well. In fact, we have been talking so much about PASR on this thread ( and the old thread as well), but what is the standard sell/buy stop placement for both M5 and Worker entry?
It is just that watching the worker structure the range jumped to my eyes.
And yes it is 24 pips waste (if you place you sell stop 20 pips below yesterday low).
Looking for more pips, it could be interesting to sell at top range (looking for PA on H4 ...)
But may be it is too much thinking ....
  • #5,494
  • Jun 15, 2018 3:48am Jun 15, 2018 3:48am
Quoting Humbucker
Thank you brother Yomi. I'm still plugging away - there was no melancholy in that post: I'll leave that until we get eliminated from the World Cup on penalties. (Hopefully this is correct Eid Mubarak
Yes.
Time always comes before price
  • #5,495
  • Jun 15, 2018 3:51am Jun 15, 2018 3:51am
Quoting MikuSS
{quote} Interesting. Do you always look for things like this? Unless I am missing something, it seems like a 'wastage' of pips to me. Bad R:R as well. In fact, we have been talking so much about PASR on this thread ( and the old thread as well), but what is the standard sell/buy stop placement for both M5 and Worker entry?
What makes me reluctant to short this pair is that even if the boss broke strong support, it looks like it is still in a range, and more precisely at the bottom of its range.
  • #5,496
  • Jun 15, 2018 5:21am Jun 15, 2018 5:21am
GBPCAD, Buy after BUOB, stop below, ratio 2 .I close it because I have to leave a hour.

Attached Image (click to enlarge)
Click to Enlarge Name: GC.jpg Size: 446 KB


I finish the week in gain, but I'm not happy with my trades, especially at the beginning of the week.
  • #5,497
  • Jun 15, 2018 6:31am Jun 15, 2018 6:31am
Quoting MikuSS
GBPJPY Finally I see a good trade shouting 'trade meeee' after days (or weeks) of waiting. BB: May's candle shows a downtrend. June's unfinished candle tested the 20ema of the Strat Shadow and was rejected. {image} B: Boss also shows price retesting the Strat Shadow not once but twice, although this time round the shadow is intertwined (we see almost 1 line!), suggesting a huge swing coming. Price is in WCC. {image} Worker: Yesterday's candle closed as my favourite BEEB/DBHLC (Double High Lower Close) at resistance zone. 1st target at low of WCC,...
"
Now, it could be a little late to ask, but how do you guys put your sell stop? I have been using the rule of "12 pips below/above low/high for less volatile pairs (EURUSD,AUDUSD)" and "20 pips below/above low/high for more volatile pairs (GBPJPY, GBPNZD)". This could be difficult to find good Risk:Reward ratio if the range of the candle is too huge."

Use whatever you are happy with. I normally place it plus spread, i.e 2 spread plus 2 = 4!

If I'm already committed to the trade I want a fill and not concerned at that stage. If you are unsure of the market and place too far away from the close you are in the wrong trade before you place it.

Just for fun this is what I used to do when I started on the path and didn't know what I was looking at.... A bit bored today....

Attached Image (click to enlarge)
Click to Enlarge Name: InkedGBPJPYDaily_LI.jpg Size: 973 KB
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #5,498
  • Jun 15, 2018 6:42am Jun 15, 2018 6:42am
Quoting Bestof27
{quote} The worker is at the bottom of a 200 pips range, so may be you could place your sell stop below the range low around 146.14, and take care of WCC {image}


"
Quoting Bestof27
{quote} The worker is at the bottom of a 200 pips range, so may be you could place your sell stop below the range low around 146.14, and take care of WCC {image}
Interesting. Do you always look for things like this? Unless I am missing something, it seems like a 'wastage' of pips to me. Bad R:R as well.

In fact, we have been talking so much about PASR on this thread ( and the old thread as well), but what is the standard sell/buy stop placement for both M5 and Worker entry?"

This would be the most conservative approach. Depends what your risk tolerance is.

If the worker closes above the 20 into the shadow then you are looking at a BASIC PASR buy using the WCC. Also if I am short I would use this price action to re-evaluate my initial stop and risk, i.e move it to the BOSS swing high or accept the stop above the WCC.

I might just open a buy as well and trade both...
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #5,499
  • Jun 15, 2018 6:53am Jun 15, 2018 6:53am
Quoting fleurdelys
GBPCAD, Buy after BUOB, stop below, ratio 2 .I close it because I have to leave a hour. {image} I finish the week in gain, but I'm not happy with my trades, especially at the beginning of the week.
Good job you left in 1 hour. Looks like GBPCAD did too. Did you take it with you?!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #5,500
  • Edited 11:48am Jun 15, 2018 10:04am | Edited 11:48am
GBPAUD M5 PASR Trend Trading:


LIVE at the MOVING HARD RIGHT EDGE.........The more you trade a proven system like M5 PASR Trend Trading strategy, the luckier you get.




Happy Trading,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM5.png Size: 34 KB
Time always comes before price
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