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Strat's PASR Long Term, Stress Free Trading

  • #8,161
  • Oct 31, 2018 1:35pm Oct 31, 2018 1:35pm
PASR THE PATH

Quoting fxmarvel
{quote} Is this paper trading or REAL hard earned money trading at the MOVING HARD RIGHT EDGE? yes, always real money. Your GBPCAD was a LATE entry and you would have been stopped out if you were following my PASR Trend Trading strategy. Your EURAUD was a LATE entry So, I am sure others are going to ask you, "How do you manage to trade 4 M5 pairs at the same time? It didn't seem hard to manage simultaneously these trades at the time but it appears I should scale down and focus on better entries/exits... maybe my level is not there yet. Thank you...
maybe my level is not there yet

Neither is mine which is why I am ALWAYS on THE PATH.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,162
  • Oct 31, 2018 1:38pm Oct 31, 2018 1:38pm
Quoting fxrabbi
{quote} This is called over-trading Sir......... Happy Trading, Yomi.
Thank you Yomi, I’ll scale down and try to be more picky with my trades.
Val
  • #8,163
  • Oct 31, 2018 1:49pm Oct 31, 2018 1:49pm
Quoting fxmarvel
{quote} Thank you Yomi, I’ll scale down and try to be more picky with my trades.
That's the only way to go.......

Well done.
Time always comes before price
  • #8,164
  • Oct 31, 2018 2:11pm Oct 31, 2018 2:11pm
Since the month is ending, I want to share some of Big Boss charts that I've found interesting. Since all timeframes follow the Big Boss, this month could show some of Big Boys' intents. I clearly see some right now!

EUR/USD

Are the Big Boys finally taking some real action here? No more dojis and indecision, seems like we know where the Big Boys are heading to.
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GBP/USD
Same as EUR against the USD, some heavy selling momentum in the markets, although slower and less volatile than EUR/USD. I am sill waiting for Brexit to be solved to include any large GBP positions into my portfolio.
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USD/CAD
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Previous 3-4 months were showing a strong resistance area at 1.30-1.31. However, the lower timeframes showed PA which was all over the place (at least to my eyes), so I stayed away. How the Big Boys seem to be interested in selling the CAD and buying the USD again. I am staying away from USD/CAD since the PA is still too weird for me to trade it with confidence.

EUR/AUD
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Seems like EUR is really running out of steam. Resistance at 1.64 area seemed to be strong enough to stop the price from rising. What I see here is either Big Boys are exiting their long positions here or a very large number of sellers are interested at that particular area.

EUR/JPY
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A nice and juicy BEEB. However, the pair is ranging and at a strong support level, so I would considering a short trade ONLY if we see strong selling which would CLOSE the price below the support in the coming days/weeks. Similar thing happened in May, but the price did NOT close below, so it is clear that Buyers are VERY interested at the level of 126 on my chart.

EUR/NZD
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Same as with EUR/AUD. Doji last month and Shooting Star this month indicates that we've got a large number of sellers present. Buying pressure weakened but we are still in an uptrend on this pair, so Boss and Worker should tell us if there are any signs of it ending.
  • #8,165
  • Oct 31, 2018 2:23pm Oct 31, 2018 2:23pm
Quoting Svolacius
Since the month is ending, I want to share some of Big Boss charts that I've found interesting. Since all timeframes follow the Big Boss, this month could show some of Big Boys' intents. I clearly see some right now! EUR/USD Are the Big Boys finally taking some real action here? No more dojis and indecision, seems like we know where the Big Boys are heading to. {image} GBP/USD Same as EUR against the USD, some heavy selling momentum in the markets, although slower and less volatile than EUR/USD. I am sill waiting for Brexit to be solved to include...
This is my 360M Chart EURUSD

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Waiting for WORKER PriceActionSupportResistance for take profit, for example: If worker made a "DOJI" in my "Take profit Zone". I close everything.


****************************

Sometimes i made mistakes, and the other is a good trades.... Last night i watch a movie, ("Venom" hehe..) and are one scene i think for about 5 secs... where in the Company ready for launch the rocket to the space, one of the enginners take out a "Manual" for do the things....

Immediately arrive an idea to my mind... Im going to start printing and writting my entries, the reasons... and start doing my own manual... So the next time that i see a possible entry.. im going to check my "manual" if im doing the right things. Hehehe just wanted to share that. Thank you!
  • #8,166
  • Oct 31, 2018 2:43pm Oct 31, 2018 2:43pm
Quoting strat
PASR THE PATH {quote}{quote} Trying to keep up and going through the other thread again.... last time I printed pdf because I can't get to the computer most days The pdf (which has now been updated) is ONLY a summary and should only be used to "top up" your PASR knowledge. do almost everything on my mobile A SLAVE to your mobile. In the ""olden"" days we managed very well without them. Maybe ""think"" how you would manage without one and what you would do different. Where can I find the material from the old subscription link Strat? Have you checked...
Haha, don't I know it Strat... ...i'm from those days. Thanks for the reply, point on PDF noted and utilised as such. Reality dictates what im able to do now.. and ...i'm trying to utilise the technology available. Use computer time for research but day to day trading on mobile.
  • #8,167
  • Oct 31, 2018 3:15pm Oct 31, 2018 3:15pm
Quoting fxrabbi
{quote} This is called over-trading Sir......... Happy Trading, Yomi.
Looking at your posts (I am half way through the thread) it appears you only take a few trades each day. I assume you scan for the best trends over several pairs?

I did my first M5 trading today placing 7 trades after scanning through my 28 pairs. 4 were GBP trades therefore they were very similar.

I came out with +43 Pips trading from 9:00 EST to 11:00 EST. At 11:00 I tightened my stops and gave some pips back, however that is fine, as I only planned two hours of trading.

I will post charts later as it's approaching halloween trick-or-treat time.

Chris
Successful people do what unsuccessful people are not willing to do
  • #8,168
  • Oct 31, 2018 3:18pm Oct 31, 2018 3:18pm
Quoting strat
GBPCAD, GBPJPY, GBPNZD and EURAUD M5 PASR Trend Trading {quote} Very good. Is this paper trading or REAL hard earned money trading at the MOVING HARD RIGHT EDGE? Your GBPCAD was a LATE entry and you would have been stopped out if you were following my PASR Trend Trading strategy. Your EURAUD was a LATE entry So, I am sure others are going to ask you, "How do you manage to trade 4 M5 pairs at the same time?
Strat,

If you don't mind me asking..... Do you have a limit on the number of M5 trades you will trade at the same time?
Successful people do what unsuccessful people are not willing to do
  • #8,169
  • Edited 6:52pm Oct 31, 2018 4:08pm | Edited 6:52pm
Quoting TampaFX
{quote} Looking at your posts (I am half way through the thread) it appears you only take a few trades each day. I assume you scan for the best trends over several pairs? I did my first M5 trading today placing 7 trades after scanning through my 28 pairs. 4 were GBP trades therefore they were very similar. I came out with +43 Pips trading from 9:00 EST to 11:00 EST. At 11:00 I tightened my stops and gave some pips back, however that is fine, as I only planned two hours of trading. I will post charts later as it's approaching halloween trick-or-treat...
Yes, I normally scan through the Strat top10 volatility list to trade M5 PASR Trend Trading Strategy in order to avoid over-trading and this really helps me to focus on most trending pairs. Once I have my daily target of 50pips per day, I'm done for that day.

I guess 28pairs is too much for M5 trading, this is so because it will affect you being FOCUS......

Well done.

Happy Trading,
Yomi.
Time always comes before price
  • #8,170
  • Oct 31, 2018 5:01pm Oct 31, 2018 5:01pm
PASR THE PATH

Quoting HappyTrend
{quote} This is my 360M Chart EURUSD {image} Waiting for WORKER PriceActionSupportResistance for take profit, for example: If worker made a "DOJI" in my "Take profit Zone". I close everything. **************************** Sometimes i made mistakes, and the other is a good trades.... Last night i watch a movie, ("Venom" hehe..) and are one scene i think for about 5 secs... where in the Company ready for launch the rocket to the space, one of the engineers take out a "Manual" for do the things.... Immediately arrive an idea to my mind... I'm going...
Immediately arrive an idea to my mind... I'm going to start printing and writing my entries, the reasons... and start doing my own manual... So the next time that i see a possible entry.. im going to check my "manual" if im doing the right things. Hehehe just wanted to share that.

Are you sure you are on THE PATH?

THE PATH instructs you to keep a Trading Journal to enter your trades, thoughts, reasons for trades, results etc., with copies of before and after charts.

Did you sleep through that or are you still taking short cuts?
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,171
  • Oct 31, 2018 5:21pm Oct 31, 2018 5:21pm
PASR M5 PASR Trend Trading

Quoting TampaFX
{quote} Strat, If you don't mind me asking..... Do you have a limit on the number of M5 trades you will trade at the same time?
If you are on THE PATH you can ask as many questions as you want

Do you have a limit on the number of M5 trades you will trade at the same time?

No BUT that is me and I have considerable trading experience.

For all others, ""IF"" they want to be consistently profitable they should follow Yomi's advice:

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,172
  • Oct 31, 2018 5:44pm Oct 31, 2018 5:44pm
Quoting strat
PASR THE PATH {quote} Immediately arrive an idea to my mind... I'm going to start printing and writing my entries, the reasons... and start doing my own manual... So the next time that i see a possible entry.. im going to check my "manual" if im doing the right things. Hehehe just wanted to share that. Are you sure you are on THE PATH? THE PATH instructs you to keep a Trading Journal to enter your trades, thoughts, reasons for trades, results etc., with copies of before and after charts. Did you sleep through that or are you still taking short cuts?...

Yes i have my notes.. but im going to make my own "physical book", printing and adding pages every time.

And i think, im not making any shortcuts.
  • #8,173
  • Oct 31, 2018 5:48pm Oct 31, 2018 5:48pm
Hi,

Can someone please post Strat top10 volatility list?
  • #8,174
  • Oct 31, 2018 6:16pm Oct 31, 2018 6:16pm
Quoting smak1111
Hi, Can someone please post Strat top10 volatility list?
WHY?
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,175
  • Oct 31, 2018 6:17pm Oct 31, 2018 6:17pm
GBPCAD

BB
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Last month closed as a BUOB, also a doji. Doji tells the market indecision/seller buyer equilibrium so I would not says that it is an effective BUOB. Support 1.592 being tested twice.

B
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It did not really make a good LL or HH since August 12th week. Price is ranging for now. Long lower wick that retest 1.66 means that buyer fight to keep this support, also indicate that end of swing low between this small ranging trade. Seller fail to push price down to 1.6 BRN.

W
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BUOB reacted to SR 1.664 that is supported the price 4 times recently. Basic Ranging PASR.

Entry - 1.68309, Stop order 5pips above engulfing bar
SL - 1.65839, a couple pip lower than lowest test of this support on August 15
TP1 - 1.69309, 100 pips, SL to BE
TP2 - 1.70947, swing low close around May 30th
TP3 - Manual trailing last swing low or ATR(5) whichever lower, might exit early if there is a reverse PASR that reacting of 1.71 confluence with 200 ema or other reverse PASR.
  • #8,176
  • Oct 31, 2018 6:22pm Oct 31, 2018 6:22pm
Quoting smak1111
Hi, Can someone please post Strat top10 volatility list?
Strat did told us how he define which pair is more volatile a couple page earlier, you can DIY with that your own base on which pair you decide to watch and which pair you don't. It could change over time so I don't think this is necessary?
  • #8,177
  • Oct 31, 2018 6:32pm Oct 31, 2018 6:32pm
Quoting huatzhi
{quote} Strat did told us how he define which pair is more volatile a couple page earlier, you can DIY with that your own base on which pair you decide to watch and which pair you don't. It could change over time so I don't think this is necessary?
In Fact, there is a .JPG (image) where Strat upload his ADR LIST with all the currencies.
  • #8,178
  • Oct 31, 2018 6:38pm Oct 31, 2018 6:38pm
GBPUSD

BB
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BEEB last month. Note that I would still consider the hammer on August valid, because I cannot see why it isn't yet. Immediate trend is down. Momentum is down. What Svolacius point out is right. However, I am still on paper trade and only focusing on getting the Basic PASR and Classic PASR right before moving on considering the others.

B
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Immediate trend is still down. This is only the 2nd times that price on SR, anything could happen.

W
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BUOB. Not the most effective BUOB as the long upper wick means seller might still be around. Aggressive PASR trader could get in and trade to 1.31 level on daily. However, this trade better leave to lower TF traders. (e.g. H4/H1)
  • #8,179
  • Edited 8:43pm Oct 31, 2018 6:57pm | Edited 8:43pm
Quoting strat
{quote} WHY?
I guess another Lurker......you will know them by their short-cut approaches.
Time always comes before price
  • #8,180
  • Oct 31, 2018 7:06pm Oct 31, 2018 7:06pm
Quoting strat
PASR M5 PASR Trend Trading {quote} If you are on THE PATH you can ask as many questions as you want Do you have a limit on the number of M5 trades you will trade at the same time? No BUT that is me and I have considerable trading experience. For all others, ""IF"" they want to be consistently profitable they should follow Yomi's advice: {image} {image}
Thank you Sir.
Time always comes before price
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