EURJPY M5 PASR Trend Trading
Exited on STOP rather than PASR
Exited on STOP rather than PASR
15 YEARS OF PASR ON FOREX FACTORY!
Strat's PASR Long Term, Stress Free Trading
- #8,001
- Oct 26, 2018 11:44am Oct 26, 2018 11:44am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
- #8,002
- Oct 26, 2018 11:51am Oct 26, 2018 11:51am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
GBPNZD M5 PASR Trend Trading
Trades still running - letting PRICE run its course.
Trades still running - letting PRICE run its course.
15 YEARS OF PASR ON FOREX FACTORY!
- #8,003
- Oct 26, 2018 11:53am Oct 26, 2018 11:53am
{quote} Looks good to me Malu Here is my chart with a few battle scars on it.. X were wrong un's but only because this is trading live at the hard right edge! {image}
Your first X Entry breaking through the 200 would have tempted me as well...
Regards
Pete
- #8,004
- Oct 26, 2018 11:54am Oct 26, 2018 11:54am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
EURNZD M5 PASR Trend Trading
Trades still running - letting PRICE run its course.
Trades still running - letting PRICE run its course.
15 YEARS OF PASR ON FOREX FACTORY!
- #8,005
- Oct 26, 2018 12:13pm Oct 26, 2018 12:13pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
GBPAUD M5 PASR Trend Trading
Trades still running - letting PRICE run its course.
Just taken out now as I write this
Trades still running - letting PRICE run its course.
Just taken out now as I write this
15 YEARS OF PASR ON FOREX FACTORY!
- #8,006
- Oct 26, 2018 12:20pm Oct 26, 2018 12:20pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
GBPAUD M5 PASR Trend Trading
Nicely done, Malu!
Did you get out on a Stop Loss (my blue line) on your first entry?
PASR told me the right direction to trade.
Have FAITH, BELIEF and CONFIDENCE in PASR and you will be well rewarded in Trader Heaven!
GBP AUD M5 Trend Trading First entry was not the best, but PASR told me the right direction to trade. So in the end it worked fine for me. Happy weekend to all of you! {image}
Did you get out on a Stop Loss (my blue line) on your first entry?
PASR told me the right direction to trade.
Have FAITH, BELIEF and CONFIDENCE in PASR and you will be well rewarded in Trader Heaven!
15 YEARS OF PASR ON FOREX FACTORY!
- #8,008
- Oct 26, 2018 12:30pm Oct 26, 2018 12:30pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
GBPAUD M5 PASR Trend Trading
a few battle scars
Nothing wrong with that, Nathan. We have to take a few SMALL hits to get the BIG wins.
Just need some fine tuning.
See the black rectangles and blue lines I marked on your chart and make sure you understand what they mean.
{quote} Looks good to me Malu Here is my chart with a few battle scars on it.. X were wrong un's but only because this is trading live at the hard right edge! {image}
Nothing wrong with that, Nathan. We have to take a few SMALL hits to get the BIG wins.
Just need some fine tuning.
See the black rectangles and blue lines I marked on your chart and make sure you understand what they mean.
15 YEARS OF PASR ON FOREX FACTORY!
- #8,009
- Edited 1:42pm Oct 26, 2018 12:47pm | Edited 1:42pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #8,011
- Edited Oct 27, 2018 9:03am Oct 26, 2018 1:35pm | Edited Oct 27, 2018 9:03am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
PASR
Now I understand EXCEPT for you calling the Strat Shadow ""the ribbon"". This tells me you have some sort of mental block in recognising it as exactly what it is - the STRAT SHADOW. Are you sure you are on THE PATH?
Totally agree with you on the ribbon
However, there are situations (usually Basic PASR and Swing PASR )when the ribbon is green and signal is to go short.
If I were to blindly follow the colours of the ribbon
It is NOT a ""ribbon"" it is the STRAT SHADOW!!!!!!!!!
Take the EURJPY for example:
I like this signal a lot. The first arrow shows a Shooting Star, which sort of 'failed'
Now I completely UNDERSTAND your CONFUSION!
This CONFIRMS your status as a HOBBY TRADER! If you were a SERIOUS student on THE PATH you would know EXACTLY how to trade this situation.
So, on the Daily chart we see CLASSIC PASR - a Shooting Star at the "end" of an UP swing. Experienced PASR traders know that no PASR Set Up guarantees a winning trade SO we have to WAIT for confirmation. We do NOT place a sell stop below the Shooting Star and instead, toggle down to H4 - WHY? Guess who is the BOSS of H4!
This is what we SEE at the END OF THE DAY when we toggle down to H4:
This is where H4 PASR Trend Traders are ADDING on to their LONG positions.
If I were to blindly follow the colours of the ribbon,
PASR traders do NOT ""blindly"" follow the Strat Shadow colours - only HOBBY TRADERS, LURKERS, TROLLS and NEWBIES do this!. The Strat Shadow is ONLY one of many tools in PASR - something you have OBVIOUSLY not learned!
So recently I removed the colours
More FOOL YOU - HOBBY TRADER!
it definitely helped me 'keep an open mind'
It has CLOSED your mind to PASR!!!!!!!!!!
So, continuing with what SERIOUS students on the PASR PATH would do:
We SEE the BEEB on September 26, 2018 at resistance on the Daily chart and again toggle down to H4 - WHY? Guess who is the BOSS of H4!
This is what we SEE at the END OF THE DAY when we toggle down to H4:
So, experienced PASR traders know we have PRICE rejection on the Daily chart confirmed by PRICE rejection on H4.
PASR traders trade PRICE not the Strat Shadow. PASR traders UNDERSTAND the relationship between buyers and sellers at Support and Resistance.
PASR traders trade PASR
There will be some experienced PASR traders who toggle down to H1 - WHY? Guess who is the BOSS of H1!
This is what we SEE at the END OF THE DAY when we toggle down to H1:
This tells me you have not read, or if you have, NOT UNDERSTOOD my POWER of TIME FRAMES which is probably because you are only a HOBBY TRADER!
Do you understand this from my POWER of TIME FRAMES?
{quote} Hi Strat, Totally agree with you on the ribbon helping out on PASR Trend trades. I have no doubt about the usefulness of the Strat Shadow, as it prevents us on taking trades on the wrong side, especially when it trends really well like AUDUSD. However, there are situations (usually Basic PASR and Swing PASR )when the ribbon is green and signal is to go short. Take the EURJPY for example: {image} I like this signal a lot. The first arrow shows a Shooting Star, which sort of 'failed' in the next 2 candle as buyers were still willing to protect...
Totally agree with you on the ribbon
However, there are situations (usually Basic PASR and Swing PASR )when the ribbon is green and signal is to go short.
If I were to blindly follow the colours of the ribbon
It is NOT a ""ribbon"" it is the STRAT SHADOW!!!!!!!!!
Take the EURJPY for example:
I like this signal a lot. The first arrow shows a Shooting Star, which sort of 'failed'
Now I completely UNDERSTAND your CONFUSION!
This CONFIRMS your status as a HOBBY TRADER! If you were a SERIOUS student on THE PATH you would know EXACTLY how to trade this situation.
So, on the Daily chart we see CLASSIC PASR - a Shooting Star at the "end" of an UP swing. Experienced PASR traders know that no PASR Set Up guarantees a winning trade SO we have to WAIT for confirmation. We do NOT place a sell stop below the Shooting Star and instead, toggle down to H4 - WHY? Guess who is the BOSS of H4!
This is what we SEE at the END OF THE DAY when we toggle down to H4:
This is where H4 PASR Trend Traders are ADDING on to their LONG positions.
If I were to blindly follow the colours of the ribbon,
PASR traders do NOT ""blindly"" follow the Strat Shadow colours - only HOBBY TRADERS, LURKERS, TROLLS and NEWBIES do this!. The Strat Shadow is ONLY one of many tools in PASR - something you have OBVIOUSLY not learned!
So recently I removed the colours
More FOOL YOU - HOBBY TRADER!
it definitely helped me 'keep an open mind'
It has CLOSED your mind to PASR!!!!!!!!!!
So, continuing with what SERIOUS students on the PASR PATH would do:
We SEE the BEEB on September 26, 2018 at resistance on the Daily chart and again toggle down to H4 - WHY? Guess who is the BOSS of H4!
This is what we SEE at the END OF THE DAY when we toggle down to H4:
So, experienced PASR traders know we have PRICE rejection on the Daily chart confirmed by PRICE rejection on H4.
PASR traders trade PRICE not the Strat Shadow. PASR traders UNDERSTAND the relationship between buyers and sellers at Support and Resistance.
PASR traders trade PASR
There will be some experienced PASR traders who toggle down to H1 - WHY? Guess who is the BOSS of H1!
This is what we SEE at the END OF THE DAY when we toggle down to H1:
This tells me you have not read, or if you have, NOT UNDERSTOOD my POWER of TIME FRAMES which is probably because you are only a HOBBY TRADER!
Do you understand this from my POWER of TIME FRAMES?
15 YEARS OF PASR ON FOREX FACTORY!
- #8,012
- Oct 26, 2018 1:53pm Oct 26, 2018 1:53pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #8,013
- Oct 26, 2018 1:59pm Oct 26, 2018 1:59pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #8,014
- Oct 26, 2018 2:02pm Oct 26, 2018 2:02pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
GBPAUD M5 PASR Trend Trading {quote} That tells me you have your Daily chart (Worker) hat on! REMEMBER: The beauty of my M5 PASR Trend Trading strategy is that we can have very small Stop Losses for HUGE 4:1 and greater rewards. This allows us to use very small Stop Losses when we have PASR. Try trading with the mentality that you are trading 5 STANDARD LOTS and you will find the smallest Stop Loss that PASR allows.
Thanks for that hint. Will take you advice into account next week.
REMEMBER: It is all about damage CONTROL when PRICE starts going against us - RULE No. 1 - get out with the smallest loss AND, if you were right with the direction, just get back in again. Our HUGE PROFITS more than make up for our small losses.
