Strat's PASR Long Term, Stress Free Trading

Quoting pippoacher

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{quote} This post and the sore thumb post, helped me immensely, thank you. It taught me patience, the sets ups are inexorable.

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Quoting Scrumy

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{quote} I was facing the same issue to be overwhelmed by all the 28 pairs. So here is what I did. I have limited my M5 list to just 4 pairs (GBPNZD, EURAUD, USDJPY and EURUSD). Setups will also appear on that limited list - and you are not constantly switching charts and getting mad of missing setups on other pairs. While still learning PASR - there is enough to consider and having too much pairs to watch increases stress, which is totally useless at that moment. So I recommend to throw away some pairs, concentrate on a few ones and improve and...

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Quoting HappyTrend

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{quote} Hello Strat, I have a question... When the "Worker Candle" close in a PriceActionSupportResistance Zone. For example in your "B" , only after that close you go down to check a good R:R entry? I mean, obviously you dont check the candles every hour or every 4 hours hehe, you check your charts every new worker candle.. Then i understand that when you have a new candle close in a PASR Zone, looking for an entry you go down on timeframes for a better entry and then manage the target zone in Worker/Boss? Thank you.

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Quoting Svolacius

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{quote} While I am wondering where should I target, should I just take profit as it is going to touch the support and 200EMA? (Although I believe PASR trader will say if there is a PA show on my first support, then we should exit.) You should be answering that question to yourself BEFORE you open a trade. Such questions MUST be answered in your trading journal and included in your Trading Plan. I personally also have a position open at the moment and planning to partially close it at the EOD, since that was my plan before I entered couple of days...

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Quoting strat

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PASR THE PATH {quote} Thank you for your introduction. Where does "Scrumy" come from? collecting information, handwriting it down (as handwritten stuff will get into your memory much better) That is exactly what I have to do to commit stuff to memory! It drives my Big Boss crazy. In general I had big profits in crypto - end of story: haven't compounded gains, was greedy and now lost 25% of my account - while I have been up over 100% back in January this year. I made a killing in BTC and got out after confirmation of the down trend but, re-entered...

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Quoting Scrumy

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{quote} Strat, thanks again for your input. Appreciate it. Where does "Scrumy" come from? As I am a developer it is related to Scrum. Just quoting Wikipedia here "Scrum is an agile framework for managing knowledge work, with an emphasis on software development." The nickname is as "old" as my FF account - after googling what scrummy means (english is not my mother tongue) and in combination with Scrum it resulted in "Scrumy" . Regarding my post of "Is it more like the area at...

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Quoting HappyTrend

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AUDCAD Trade WORKER: I write notes in the chart, Buyers arrive in a Support Zone (TakeProfit Zone) in a BIGBOSS SUPPORT ZONE! {image} 360M: Buyers arrive and close above of SS, (Price in Worker already was inside of SS), i place my takeprofit at the top of Worker SS {image} I decide to takeprofit in there because BigBoss, Boss and Worker still have SS to the down... Buyers start to destroy that seller territory. Better takeprofit for see what sellers are going to do, and then if buyers still active, going again with the 360M Trend. ***** Taking...

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Quoting strat

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GBPNZD M5 PASR Trend Trading {quote} So, it seems you have been lured into what seems easy profits on M5 PASR Trend Trading. While you did OK this time, you may not next time. Around 30 Pips, Yummy yummy This tells me you have a huge GREED problem which will, if not held in check, will AGAIN (compounded about 1% gains daily for about a month - AAAAAAND..... you sure guessed it - lost all profits and little bit more - lost 25% of my account - cost due to my greediness) be your downfall! PASR traders KNOW that consistently profitable trading...

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Quoting strat

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USDJPY H1 {quote} Welcome again after your April 2018 posts. Could you tell me, on what basis did you identify the PASR setup? Here is the chart you referred to: {image} If you are early on THE PATH, the PASR Set Up is not immediately evident but as you progress, you will see this happening all the time. {image} Notice the Support/Resistance level I have enclosed in my blue rectangle. Also notice how important this PRICE level has been in the last 6 months. Also notice how the Strat Shadow is supporting PRICE. We had early warning of a move UP at...

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Quoting strat

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AUDCAD {quote} On your Worker (Daily) chart: 1 = Sellers trying to go with the trend There are no sellers - that gravestone doji is telling us that the sellers rejected the buyers at that PRICE level. That is equilibrium - balance between the sellers and buyers. Neither party is IN CONTROL on that candle. I decide to take profit in there because Big Boss, Boss and Worker still have SS to the down... Buyers start to destroy that seller territory. Better take profit for see what sellers are going to do, and then if buyers still active, going again...

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Quoting Chapai

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{quote} Thank you very much! I understood that it is necessary to take into account the zone of resistance and support for the weekly level. After the appearance of the Price Action, go down to H4, and sharpen the hamer for a more accurate price (in our case, before the first buyers appear) with respect to the next resistance (113.6) {image} I'm glad that I found this thread. I tried to figure out the TDI thread, but on each indicator setup the moderator appealed to Price Action. After that, I realized that the indicator is nothing more than an...

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Quoting HappyTrend

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{quote} From TickCharts, to Minutes Charts... Minutes Charts to One Hour Chart... One Hour Chart to Two Hour Chart... and then now trading Minium 6hours TimeFrame Chart (my fast chart/entry chart) with Daily, Weekly, Monthly for me is a big step. Yes, I know Boss Swing is Up. But you are right... now is time to evolve my trading... and how im going to do that? With Patience and Practice. Right now i just entry the minium size again in buy position (Only 5points of difference between my close last entry and this new entry) and going with the Boss...

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Quoting strat

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PASR THE PATH {quote} What about: {image}

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Quoting strat

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PASR THE PATH {quote} From TickCharts, to Minutes Charts... Minutes Charts to One Hour Chart... One Hour Chart to Two Hour Chart... and then now trading Minium 6hours TimeFrame Chart (my fast chart/entry chart) with Daily, Weekly, Monthly. Those are BIG steps on THE PATH so you have come a long way so well done for that.

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Quoting JCMPete

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Hi Strat, Just to let you know I have not headed for tbe hills. Personal commitments have been taking it's toll but as the Terminator said: "I'll be back!" Regards Pete

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Quoting Scrumy

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{quote} Hopefully I won't try to go SHORTCUTS. As said, I am fully committed to STAY for the LONG RUN. Getting my hands dirty on M5 - as I will see a lot of Setups appearing. Plan is to go into stress free mode after gaining enough experience (PASR, Power of Timeframes, Strat Shadow, WCC, Bond shemales, Periscope etc.) and SEEING BEYOND THE CANDLES. As you already said "we learn by doing and making mistakes". This was just one of mine - I guess further will follow.

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Quoting Scrumy

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Periscope As I just mentioned Periscope - one happened currently on M5 GBPUSD. {image}

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