Strat's PASR Long Term, Stress Free Trading | Page 336 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MY PASR journey Based on Strat's PASR Trading 76 replies

M5 PASR Trend Trading Strat 95 replies

My PASR Trend Trading Journals 3 replies

A young trader's road to profitability - PASR trading - Live 11 replies

Fibs trading and PASR 0 replies

Attachments: Strat's PASR Long Term, Stress Free Trading
Exit Attachments

Strat's PASR Long Term, Stress Free Trading

  • #6,701
  • Sep 10, 2018 7:26am Sep 10, 2018 7:26am
Quoting BeyondTheSea
{quote} Hi Brian661 It's not a trade I would have taken personally but as BASIC PASR trade it worked out for you with the LH off the Resistance line however I would have been looking at the potential support at your entry and walked away. I would have taken that BEEB 6 candles later and still be in the trade now (but that would be great hindsight trading!)... Your exit is ok BUT you are counting this as a 100 pip trade from the same entry and two exits. Is it? Or is it 50 pips from one entry? The reason I ask is I bet you brought that half after...
Thanks beyond the sea,
Then I believe my profit is 50pips, at the same entry point I open 2 position, 1st close when hit 50 TP, and 2nd closed after price come back to 50pips profit.

Thanks for notify me for the risk and reward ratio, my next trade should bear in mind that never enter a trade with a poor ratio,
maybe at least 1:2

Regards
  • #6,702
  • Sep 10, 2018 7:46am Sep 10, 2018 7:46am
Quoting strat
EURUSD H4 {quote} In addition to the valuable comments from BTS: Good job, Brian but continue to trade other time frames until you find the one that fits you, your RISK, personality and circumstances. You will ""know"" when you find it. This week I tried to focus on H4 Day Month chart If your trading chart is H4, then the next higher time frame "Boss" is the Daily and the "Big Boss" being the Weekly so make sure you get this right next time. Maybe you need to re-fresh on my Power of Time Frames? While you did good in making a profit, you exited...
thanks Start,
I must be too tired to type "H4 Day Month", for sure I know my "big boss" is Weekly.

Next time, SEE if you can trade the Worker (Daily) Swing on H4 which will produce more profit.
Got it! I believe this will my next knowledge that I have to absorb.
I hope I can be the next one to share profitable H4 trading
  • #6,703
  • Sep 10, 2018 12:38pm Sep 10, 2018 12:38pm
Quoting strat
AUDUSD {quote} I had a look but it is not for me as I could not get past the Big Boss {image} PRICE is still in a strong DOWN trend until September PRICE shows support. Without support, PRICE could be pushed down to BRN 0.7 and if that doesn't hold, BRN 0.6 The TREND, Arno, The TREND - not picking tops and bottoms. Thanks anyway.
Since is price is still bearish, can we keep looking for sell signal on the worker till PA say otherwise?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDMonthly.png Size: 35 KB
  • #6,704
  • Sep 10, 2018 12:50pm Sep 10, 2018 12:50pm
EURNZD H1 PASR Trend Trading:




Happy Trading,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH1.png Size: 33 KB
Time always comes before price
  • #6,705
  • Sep 10, 2018 1:40pm Sep 10, 2018 1:40pm
AUDUSD

Quoting menek
{quote} Since PRICE is still bearish, can we keep looking for sell signal on the worker till PA say otherwise? {image}
Yes, We keep selling until the Big Boy sellers stop selling and the Big Boy buyers start buying.

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 62 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,706
  • Sep 10, 2018 5:45pm Sep 10, 2018 5:45pm
New short on EURJPY:

Not the best pair to trade but 130 seems to be broken to down side.

BB down, Boss down, WCC for the past four weeks.
Entry on close below worker BEEB.
Stop above that bar.
Expecting a probability for price to reach bottom of WCC.
Today printed a BUOEB but seems to be a bond bar.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpydaily.PNG Size: 46 KB
  • #6,707
  • Sep 10, 2018 9:26pm Sep 10, 2018 9:26pm
Can someone give me a chart location that I can use for reference, with daily close 5pm NY time. My provider can't change mine which is set too local time.
Also as a first question related to what U have been learning... can I have an opinion on EUR/GPB currently. My thoughts as follows;
3 major 50pips+ movements lower in last few trading days after initial announcement move. Can't explain these xpt maybe setting up for something coming up???
Lower TF;
15M/1H/4H
All in sell... below SS!
Looks like Boss also coming into sell after LH and long tail. Resistance around BRN 0.9?
BB... maybe clearing throat... to sing end of uptrend?
Can't comment on worker as mine in not synch to NY close.
  • #6,708
  • Sep 11, 2018 1:49am Sep 11, 2018 1:49am
Quoting TerryDawe
New short on EURJPY: Not the best pair to trade but 130 seems to be broken to down side. BB down, Boss down, WCC for the past four weeks. Entry on close below worker BEEB. Stop above that bar. Expecting a probability for price to reach bottom of WCC. Today printed a BUOEB but seems to be a bond bar. {image}
You might have been stopped out by now, but have another look at the big boss. Looks like a hammer to me last month. I entered on the 4hr chart, made a mistake with my position sizing (halved), so you see two entries.


Quoting Radhe2209
Can someone give me a chart location that I can use for reference, with daily close 5pm NY time. My provider can't change mine which is set too local time. Also as a first question related to what U have been learning... can I have an opinion on EUR/GPB currently. My thoughts as follows; 3 major 50pips+ movements lower in last few trading days after initial announcement move. Can't explain these xpt maybe setting up for something coming up??? Lower TF; 15M/1H/4H All in sell... below SS! Looks like Boss also coming into sell after LH and long tail....
You could use a demo account with another broker that uses NY close for charting and your live account to trade. I see EUR/GBP as:
BB: Stalling, closed higher but below resistance.
Boss: bearish engulfing followed by downtrend. Sitting just above Strat shadow, just under support.
Worker: down, no price action.

That's monthly down to daily on my charts. Below chart is not relevant to this!
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 36 KB
  • #6,709
  • Sep 11, 2018 2:43am Sep 11, 2018 2:43am
Quoting TerryDawe
New short on EURJPY: Not the best pair to trade but 130 seems to be broken to down side. BB down, Boss down, WCC for the past four weeks. Entry on close below worker BEEB. Stop above that bar. Expecting a probability for price to reach bottom of WCC. Today printed a BUOEB but seems to be a bond bar. {image}
Hello Terry,
BB: Did you check last month candle? Do you see these wick at support? I am not sure if going against this in worker will work

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYMonthly.png Size: 46 KB


B: WCC in place, means ranging market, even swings show me downtrend, IF price will close above SS and WCC, then I will look for retrace at worker and then go long, but IF means nothing, only price will show next steps

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYWeekly.png Size: 43 KB


W: Even you will not notice these informations from BB and B TF, Bullish engulfing bar appeared yesterday so definitely not short entry, maybe basic PASR to next ressist, but not for me, too messy

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYDaily.png Size: 50 KB

Just my sight
  • #6,710
  • Sep 11, 2018 7:13am Sep 11, 2018 7:13am
Trading is all about perception, so I am not complaining, but I look forward to the Brexit situation being resolved so that GBP (and EUR) pairs stop acting like hysterical women who jump on a chair because they saw a spider just to realize there is a roach on the ceiling...
  • #6,711
  • Sep 11, 2018 7:41am Sep 11, 2018 7:41am
Quoting darko2010
Trading is all about perception, so I am not complaining, but I look forward to the Brexit situation being resolved so that GBP (and EUR) pairs stop acting like hysterical women who jump on a chair because they saw a spider just to realize there is a roach on the ceiling...
Nicely said.
  • #6,712
  • Sep 11, 2018 8:44am Sep 11, 2018 8:44am
Quoting Mhons
{quote} Hello Terry, BB: Did you check last month candle? Do you see these wick at support? I am not sure if going against this in worker will work {image} B: WCC in place, means ranging market, even swings show me downtrend, IF price will close above SS and WCC, then I will look for retrace at worker and then go long, but IF means nothing, only price will show next steps {image} W: Even you will not notice these informations from BB and B TF, Bullish engulfing bar appeared yesterday so definitely not short entry, maybe basic PASR to next ressist,...
Yeah.

In a nutshell I see support on the Boss which the Big Boss is indifferent towards.
  • #6,713
  • Edited 4:42pm Sep 11, 2018 8:53am | Edited 4:42pm
My H4 trade

BB DAY
B h4
w h1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYDaily h4 BB.png Size: 54 KB
Click to Enlarge Name: USDJPYH4 1 trade.png Size: 64 KB
Click to Enlarge Name: USDJPYH1 H4 WORKER.png Size: 56 KB
  • #6,714
  • Sep 11, 2018 9:13am Sep 11, 2018 9:13am
BE
CLOSE 50%
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15 be.png Size: 42 KB
  • #6,715
  • Sep 11, 2018 9:20am Sep 11, 2018 9:20am
Quoting Rub
{quote} You might have been stopped out by now, but have another look at the big boss. Looks like a hammer to me last month. I entered on the 4hr chart, made a mistake with my position sizing (halved), so you see two entries. {quote} You could use a demo account with another broker that uses NY close for charting and your live account to trade. I see EUR/GBP as: BB: Stalling, closed higher but below resistance. Boss: bearish engulfing followed by downtrend. Sitting just above Strat shadow, just under support. Worker: down, no price action. That's...
Thanks Rub
Yes.. that's what I thought, getting demo acct... was hoping someone knows one that has NY close?
  • #6,716
  • Sep 11, 2018 11:51am Sep 11, 2018 11:51am
PASR

Quoting Radhe2209
{quote} Thanks Rub Yes.. that's what I thought, getting demo acct... was hoping someone knows one that has NY close?
getting demo acct

This shows you have NOT read, learned and understood either thread.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,717
  • Sep 11, 2018 12:18pm Sep 11, 2018 12:18pm
Quoting TerryDawe
New short on EURJPY: Not the best pair to trade but 130 seems to be broken to down side. BB down, Boss down, WCC for the past four weeks. Entry on close below worker BEEB. Stop above that bar. Expecting a probability for price to reach bottom of WCC. Today printed a BUOEB but seems to be a bond bar. {image}
I've got the same comments to say as Rub has. Last month's Big Boss candle on EUR/JPY indicates what the Big Boys might do with this pair..
  • #6,718
  • Sep 11, 2018 12:37pm Sep 11, 2018 12:37pm
i was take.
the 50%
and BE
free trade +20.3 pips
question:

What is your opinion to close the tade or let it continue?
Your comments are welcome
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15 tp.png Size: 79 KB
  • #6,719
  • Sep 11, 2018 12:39pm Sep 11, 2018 12:39pm
EURJPY

Quoting TerryDawe
New short on EURJPY: Not the best pair to trade but 130 seems to be broken to down side. BB down, Boss down, WCC for the past four weeks. Entry on close below worker BEEB. Stop above that bar. Expecting a probability for price to reach bottom of WCC. Today printed a BUOEB but seems to be a bond bar. {image}
Hi Terry, as soon as I saw this I knew your trade was in trouble but I did not want to comment as I wanted others to post to help you.

The comments from Rub, Mhons, Humbucker and Svolacius were "spot on" so thank you for helping Terry.

The ""floating"" Hammer in a sideways action in an incorrect location on the Big Boss is what killed it stone dead for me.

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 59 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,720
  • Sep 11, 2018 12:53pm Sep 11, 2018 12:53pm
USDJPY

Quoting Juan007
My H4 trade BB w B h4 w h1 {image} {image} {image}
I'm confused. Your post says ""H4 trade" yet your ""w h1"" shows your trading chart as H1. Do you ""know"" which time frame you are actually trading?

While PASR is ""chart-wise"" set up correctly for a trade, your Money Management will put you in the ""LOSERS"" column in a short space of time.

Your ""RISK"" is about 30 pips for a 21 pips REWARD!!!!!! Do you know what our #1 Rule is?

Are you "desperate" to trade? PASR traders trade to live while the LOSERS ""Live To Trade"".

Experienced PASR traders will not even look at anything with less than 2:1 Reward to Risk.
15 YEARS OF PASR ON FOREX FACTORY!
22 traders viewing now