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Strat's PASR Long Term, Stress Free Trading

  • #7,001
  • Edited 2:49pm Sep 21, 2018 10:38am | Edited 2:49pm
GBPJPY M15 PASR Trend Trading

Quoting pippoacher
Ok GBP/JPY 15 M Entry on break of the hammer. Sl pip or two below tail So I am trying to accelerate my development, this time something a little different, I split the trade into two and if it triggers i move the second trade to break when the first trade hits tp and let the second trade run a level up. {image}
I have thought long and hard before replying to this.

Do you know who my blind, one legged, deaf and dumb old man with asthma is?

He would have banked 440+ pips trading SHORT on this

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15 YEARS OF PASR ON FOREX FACTORY!
  • #7,002
  • Edited 11:06am Sep 21, 2018 10:44am | Edited 11:06am
GBPJPY M15

Quoting pippoacher
{quote} Daily is up, and trying to bye into that trend, may have it totally wrong, but am learning
Daily is up

Who cares? YOU are trading (if that is what you call it) M15

but am learning

Are you sure? Looks like learning from trial and error.

Have you read, learned and UNDERSTOOD THE PATH?
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,003
  • Sep 21, 2018 10:48am Sep 21, 2018 10:48am
200 EMA

Quoting darko2010
{quote} Hi Bistolis, Great to see you post May I suggest you add EMA200 when trading M5? That should keep you out of trouble more than you can imagine All GBP pairs were game today on M5, but the same could have been said about other currencies. The big difference in my opinion was how they reacted to their EMA 200. Nothing is certain in trading, but being on the side of EMA 200 raises your probability of success
May I suggest you add EMA200 when trading M5

The 200 EMA is part of PASR and should be on ALL PASR charts.

Then LEARN which pairs are more sensitive and responsive to it

Thank you, Arno, for helping your fellow trader - TRADERS HELPING TRADERS
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,004
  • Sep 21, 2018 10:49am Sep 21, 2018 10:49am
PASR

Quoting pippoacher
{quote} Thanks for the reply, wasnt convinced if was a hammer either, if it is a hammer it could signify the end of the pullback?
Both answers are in THE PATH
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,005
  • Sep 21, 2018 10:59am Sep 21, 2018 10:59am
Wild Friday Nights

"Friday night they'll be dressed to kill
Down at Dino's Bar 'n' Grill
The drink will flow and the blood will spill
And if the boys want to fight, you better let 'em"

Oh if only if I'd known then what I know now I'd be studying charts instead! Thanks Strat

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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #7,006
  • Sep 21, 2018 11:12am Sep 21, 2018 11:12am
PASR Short Time Frame Trend Trading

Quoting darko2010
{quote} I wish someone tattoed that on my hand a few years ago: when trading intraday (M5/M15/H1), don't trade against the daily. Trade what you see, don't anticipate, just follow. You don't have the money to make the market change directions
when trading intraday (M5/M15), don't trade against the daily.

NO, NO and NO!

Arno, I have lost count the number of times I, and Yomi, have posted to TRADE THE TREND on the TIME FRAME you are trading!

when trading intraday (M5/M15), don't trade against the daily. Trade what you see, don't anticipate, just follow.

Did you READ this after writing it?

Here is the GBPJPY Daily in a rip roaring UP trend prior to today's trading.

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Here is GBPJPY M15 in a rip roaring DOWN trend

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Just in case you STILL don't SEE it, here is Yomi's GBPNZD M15 SHORT trade AGAINST the Daily UP trend prior to today's trading

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Could this be a solution to this post?

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15 YEARS OF PASR ON FOREX FACTORY!
  • #7,007
  • Sep 21, 2018 11:18am Sep 21, 2018 11:18am
GBPJPY M15

Quoting bistolis
{quote} your entry looks like you anticipate the whole thing to just turn after that candle
bistolis, thank you for helping your fellow trader - TRADERS HELPING TRADERS
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,008
  • Sep 21, 2018 11:18am Sep 21, 2018 11:18am
Quoting strat
EURUSD {quote} Suranga, you have received very useful feedback from Mhons, Malu and Rub so take note of them. .......
Hi Strat


Very good analysis - now let's get you to the "next level" on The Path.

Thanks Strat, I am really happy to receive this commend from you.That means I am learning. even with pace

What is ""it""?

It means PRICE, I will take a note of this and use the wording more seriously next time.

Years ago, like so many rank amateurs, I used to add trend lines to my charts.

I still have that rank amateur way of thinking in me. Little bit more along The Path will sort it out surely.

Now, pay attention to the 200 ema and SEE what PRICE is doing at/around it.

Yes ,I saw it. and duly noted

On another topic, what happened to the kitten which you rescued?

Poor thing, Karma took it away from US to a different life. tried until the last moment to save her. For 6 days we did nothing but going to the vet. Well, I've done my part...no worries (at least not now)

thanks again for the guidance Strat

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #7,009
  • Sep 21, 2018 11:24am Sep 21, 2018 11:24am
I still need to undestand a lot of things, especially how to read price correctly and let price tell me when to get out of a trade. One major improvement is that the STRAT SHADOW and SR helps me to grab a much bigger portion of trends than I would have otherwise
  • #7,010
  • Sep 21, 2018 11:28am Sep 21, 2018 11:28am
GBPJPY M15

Quoting Malu
{quote} I am not sure if I get you right, but I try to answer. First (as Darko wrote) I see the daily in a downtrend, too. So when you trade M15 your todays positions should have been a short. And a hammer in the downmove would give the following signal to me: downmove could (!) be over and it would be wise to protect the position (SL) or close it - pending on the market situation.
First (as Darko wrote) I see the daily in a downtrend, too.

WHAT?????????????????????

Are you looking at the correct chart or are you in need of serious eye correction?

Please EXPLAIN to me how you can SEE it in a DOWN trend?

Everything you have written after that is Absolute Rubbish

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15 YEARS OF PASR ON FOREX FACTORY!
  • #7,011
  • Edited 3:01pm Sep 21, 2018 11:37am | Edited 3:01pm
GBP

Quoting darko2010
GBP... So much insider trading
Nothing to do with insider trading!

It is the reaction to this on an already delicate and very sensitive currency as I keep posting:

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EDIT: All the Talking Heads, self proclaimed gurus, experts, ""know it alls"", financial whiz kids, Investment Sites, System selling sites etc., etc are saying "GBP under pressure due to Brexit" - surprise, surprise!

Some are reporting"GBP sold off this afternoon following British Prime Minister Theresa May's ""impromptu"" speech.

Remember what was previously posted about GBP being delicate and sensitive to comments from idiots in the UK and Europe.

Back to our charts:

SEE and UNDERSTAND where PRICE found support:

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15 YEARS OF PASR ON FOREX FACTORY!
  • #7,012
  • Sep 21, 2018 11:39am Sep 21, 2018 11:39am
GBPJPY M15

Quoting TerryDawe
{quote} Worker is clearly at resistance, so a pullback is more probable than a continued move up at this location. Any low time frame trades should be taken on the short side. Many good short entry opportunities on this one if trading the short time frames, but definitely not long. {image} {image}
Terry, thank you for helping your fellow trader - TRADERS HELPING TRADERS
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,013
  • Sep 21, 2018 11:45am Sep 21, 2018 11:45am
GBPUSD M5

Quoting Rufus
{quote} Hi Bistolis Great to see you posting. I am not a London time zone trader so is I am incorrect somebody tell me. On 5m PASR trading the London session we need to let London establish a direction first then take a position on the pull back into the shadow. I am not sure on the time zone for Portugal but I think it is similar to mine. We trade the US session... Here we take the continuation of the trend that London established. Watch for pull back into Shadow, PASR, then take position with the continuation of the trend. Have a great weekend....
I am not sure on the time zone for Portugal but I think it is similar to mine. We trade the US session...

What on earth were you smoking and/or drinking last night?

Portugal is in Europe and borders Spain and is WEST of London!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #7,014
  • Sep 21, 2018 11:59am Sep 21, 2018 11:59am
M5 PASR Trend Trading

Quoting bistolis
{quote} thank you BTS but not a real trade. I posted what I saw when I opened my laptop for work. I had been using a real account for my first year trying to trade M5, and losing 15% of the account more or less in 2 months( around 125-130 euros of loss).
I had been using a real account for my first year trying to trade M5, and losing 15% of the account more or less in 2 months( around 125-130 euros of loss)

Then you are a FOOL!

You have ALL the resources here, on this thread, to HELP you. How can we help you if you don't tell us?

You are a good example to ALL the other PASR Lurkers who suffer in silence, not posting.

Had you posted these LOSING trades we could have helped show you what you were doing wrong to save you LOSING 15% of your real, hard earned money.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #7,015
  • Sep 21, 2018 12:19pm Sep 21, 2018 12:19pm
Quoting BeyondTheSea
Wild Friday Nights "Friday night they'll be dressed to kill Down at Dino's Bar 'n' Grill The drink will flow and the blood will spill And if the boys want to fight, you better let 'em" Oh if only if I'd known then what I know now I'd be studying charts instead! Thanks Strat {image}
Hi, BeyondTheSea!

I may be wrong, but from what I understood, we validate a swing based on a close of the candle, not by having the low/high taken out. There were no closings above/below the high/low of the lowest/highest candle. If I am wrong, I hope Strat can clear my confusion.
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  • #7,016
  • Edited 1:19pm Sep 21, 2018 12:39pm | Edited 1:19pm
Quoting catalin_eros
{quote} Hi, BeyondTheSea! I may be wrong, but from what I understood, we validate a swing based on a close of the candle, not by having the low/high taken out. There were no closings above/below the high/low of the lowest/highest candle. If I am wrong, I hope Strat can clear my confusion. {image}
" I hope Strat can clear my confusion."

I think i can save Strat the time to answer. Go to post #90827 Trading Made Simple thread, all your confusion is over there.

This is a work in progress beginning of many studies I do over the weekend on all timeframes and over many hours. Every weekend.

Why not not post your OWN chart studies and then ask why you are confused?
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #7,017
  • Edited 1:46pm Sep 21, 2018 12:45pm | Edited 1:46pm
Elliott Wave Theory

Quoting samsonwebdes
When I've had time in the last month I've been attempting to study Elliot Wave theory in an effort to help me get into fewer trades with a higher probability. My idea is to have extra confluence and narrow down my focus by having an idea when price may turn as well as where it's likely to go. Strat will probably tell me I'm overcomplicating the simplicity of PASR but there was a major change last month in the UK with margin regulations which has led me to concentrate more and take less trades. This margin ruling has meant I could get into less trades...
Lee, expecting that you have taken your bat and ball home and thrown your toys out of the pram, I need to further demonstrate how ""subjective"" Elliott Wave Theory is.

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EURUSD Worker followed EW Theory ""we think""

So, ""if"" Wave 5 is the low at BRN 1.13 then, according to EW Theory, an A-B-C correction must follow.

So, looking at the chart, have we already got an A-B-C correction or only 3 corrective waves of a complex correction of Wave ""A""?

You can't answer that, neither can I, neither can Prechter or Frost or all the other thousands of EW self acclaimed gurus BUT they WILL try to tell us and keep changing their view and wave count as PRICE ACTION develops

Just to show how RIDICULOUS and blinkered these EW gurus are, I saw one EW thread which said:

""EURUSD PRICE followed EW Theory exactly ending at Wave 5!""

PRICE followed EW Theory??????

Oh Lord have mercy!

PRICE does not follow anything or anyone, least of all EW Theory, GANN Theory, DOW Theory, JDoe Theory or any other theory! PRICE does what the Market does!

What they meant was they were ABLE to FIT EW Theory AROUND PRICE ACTION.

Lee, can you imagine Asset Managers of Investment Banks and Hedge Fund Managers looking at a PRICE chart and overlaying EW Theory on it and saying ""We have reached the end of Wave 3, so now it is time to buy/sell?

PASR is not perfect and neither is any other strategy but it is not ""Theory"" or ""Subjective"".

Quid faciendum sit modo proved - Focus on PASR.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,018
  • Sep 21, 2018 1:02pm Sep 21, 2018 1:02pm
Quoting strat
....

Hi Strat ,

There is this guy(Ali.J) who has been ignored by you wanted to rejoin The Path. He wanted me to forward his massage to you as he cannot post here. So.. up to you to consider.

below is his massage

Hello my friend ...
If u can help me a bit :
I cant post any thing on the thread , because Strat was IGNORED me .
If u can deliver my massage to him :
I learned the lesson " No one is blamed about what happened /Will happening to me , expect ME " . So I am responsible toured my decisions .
So , I want to LEARNING
I am in the Path seriously "Starting on the Indexes , and I am on the first step (Learning PA on J16 Thread "Now I am at Page 70").
I want some help from you and the other PASR traders . To correct some thinks .
Thank you
Ali . J
Focus, Patience, Discipline, Determination and Perseverance
  • #7,019
  • Sep 21, 2018 1:13pm Sep 21, 2018 1:13pm
Quoting strat
GBPJPY M15 {quote} First (as Darko wrote) I see the daily in a downtrend, too. WHAT????????????????????? Are you looking at the correct chart or are you in need of serious eye correction? Please EXPLAIN to me how you can SEE it in a DOWN trend? Everything you have written after that is Absolute Rubbish {image}
Of course the daily is in an uptrend. What I was trying to say is that the price today is weak,
when I was looking at M15 or M5. Maybe I expressed that not in the right words. That’s no excuse, just
trying to explain when you think in another language than you are writing.
Will try to be more correct in my writing in the future.
  • #7,020
  • Edited 2:23pm Sep 21, 2018 1:44pm | Edited 2:23pm
GBP

Quoting Malu
{quote} Of course the daily is in an uptrend. What I was trying to say is that the price today is weak, when I was looking at M15 or M5. Maybe I expressed that not in the right words. That’s no excuse, just trying to explain when you think in another language than you are writing. Will try to be more correct in my writing in the future.
What I was trying to say is that the price today is weak, when I was looking at M15 or M5.

Not a good day for you today, Malu

PRICE is strong, very strong
15 YEARS OF PASR ON FOREX FACTORY!
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