GBPNZD M1 PASR TREND Trading
Since we as West Coast traders, are 8 hours behind London and 3 hours behind New York where all the volume and volatility is, I have been looking for something better than M5 and M15 to consistently produce at least 10 pips and, without being glued to the one eyed monster for more than 2 hours.
My initial search was for PASR during Asian trading (Tokyo) on their currencies. This was not consistently profitable due to low volume and volatility trading low volatility pairs.
This last year I have tried with 10 pips fixed profit on M5 and 20 pips fixed profit on M15 on my 7 high volatility pairs. This is break even at best with having to place a Stop Loss which wipes out profits gained. Worse than that, these are Stop Orders placed ahead of PRICE ACTION meaning I am at the mercy of the Market much like Export Advisors, black boxes etc., instead of ME being IN CONTROL.
For the last several months I have been trading M1 PASR Trend Trading which, surprisingly, IS consistently profitable PROVIDING the pair chosen has reasonable volume and volatility.
Today, I traded GBPNZD M1 with my PASR Trend Trading strategy ahead of GBP Red News (BOE Gov Carney Speaks) expecting to get a boost in pips since the "News" is almost always already factored into PRICE by the Big Boys meaning PASR almost always has us positioned correctly ahead of News. While there was not the impact seen in the last weeks from this, it still made a few pips.
My "Core Strategy" is still Trend Trading and Swing Trading on the Daily and Weekly time frames where the multiple quadruple pips are but M1 PASR Trend Trading allows me to profit in my first few morning hours while making a few pips and sharpening my PASR skills.
Since we as West Coast traders, are 8 hours behind London and 3 hours behind New York where all the volume and volatility is, I have been looking for something better than M5 and M15 to consistently produce at least 10 pips and, without being glued to the one eyed monster for more than 2 hours.
My initial search was for PASR during Asian trading (Tokyo) on their currencies. This was not consistently profitable due to low volume and volatility trading low volatility pairs.
This last year I have tried with 10 pips fixed profit on M5 and 20 pips fixed profit on M15 on my 7 high volatility pairs. This is break even at best with having to place a Stop Loss which wipes out profits gained. Worse than that, these are Stop Orders placed ahead of PRICE ACTION meaning I am at the mercy of the Market much like Export Advisors, black boxes etc., instead of ME being IN CONTROL.
For the last several months I have been trading M1 PASR Trend Trading which, surprisingly, IS consistently profitable PROVIDING the pair chosen has reasonable volume and volatility.
Today, I traded GBPNZD M1 with my PASR Trend Trading strategy ahead of GBP Red News (BOE Gov Carney Speaks) expecting to get a boost in pips since the "News" is almost always already factored into PRICE by the Big Boys meaning PASR almost always has us positioned correctly ahead of News. While there was not the impact seen in the last weeks from this, it still made a few pips.
My "Core Strategy" is still Trend Trading and Swing Trading on the Daily and Weekly time frames where the multiple quadruple pips are but M1 PASR Trend Trading allows me to profit in my first few morning hours while making a few pips and sharpening my PASR skills.
15 YEARS OF PASR ON FOREX FACTORY!
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