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Strat's PASR Long Term, Stress Free Trading

  • #8,901
  • Edited 8:35am Nov 22, 2018 8:15am | Edited 8:35am
Quoting Malu
EUR AUD M5 Will also post a loser trade today. To be honest this one looked really nice when I opened the position. BUEB (entry) was right above my S/R. In the end, after price closed below my SL-level (which was tested a few times) I stopped out my position (in the end: -18 pips). {image} Greetings, Markus

Didn't you see this? this happening again and again

Attached Image (click to enlarge)
Click to Enlarge Name: EUR AUD M5.JPG Size: 222 KB




P.S. Just wondering why you have no S/R line 1.57576 , Its just above that Double tops...
Focus, Patience, Discipline, Determination and Perseverance
  • #8,902
  • Nov 22, 2018 8:29am Nov 22, 2018 8:29am
Quoting Suran
{quote} Didn't you see this? this happening again and again {image}
I saw it, but at that moment it was no reason for me to close the position. Looking back it would have been wise to close the position.
  • #8,903
  • Nov 22, 2018 8:38am Nov 22, 2018 8:38am
Quoting Malu
{quote} I saw it, but at that moment it was no reason for me to close the position. Looking back it would have been wise to close the position.
Hmm. make sense it happend to me also. May b if you would hv had 1.57576 line then you might hv thought otherwise.
Focus, Patience, Discipline, Determination and Perseverance
  • #8,904
  • Nov 22, 2018 8:41am Nov 22, 2018 8:41am
Quoting Suran
{quote} Hmm. make sense it happend to me also. May b if you would hv had 1.57576 line then you might hv thought otherwise.
I guess I was driven by HOPE.
That is the psychological effect of trading. At least I closed the position when my SL was hit. Then hope was over.
  • #8,905
  • Nov 22, 2018 8:47am Nov 22, 2018 8:47am
Quoting Malu
{quote} I guess I was driven by HOPE. That is the psychological effect of trading. At least I closed the position when my SL was hit. Then hope was over.
Lesson learned. One thing I have learned about M5 trend trading is that as soon as we see a sign we should exit. we are reluctant to back off because the greed. It doesn't matter if that trade run for 100+ pips with out us.


Btw. nice trading
Focus, Patience, Discipline, Determination and Perseverance
  • #8,906
  • Nov 22, 2018 9:53am Nov 22, 2018 9:53am
AUDCAD H4

Quoting macuba
AUD/CAD Its been a while since i ve postedbut now i am back with another try. This time my BB is weekly B is Daily and W is H4 charts. So here s how i see it BB there is an up stream coming from deep (red shadow) but last week it seems it has lost its strength. B Also an uptrend has formed and been established really well for at least 40 days but it seems it cant overcome the resistance level (which is designated from the monthly chart indicating a strong level. W the candle before the last is a shooting although i would prefer it with a longer...
Take note of the comments from huatzhi - TRADER HELPING TRADERS

BB (Weekly) there is an up stream coming from deep (red shadow) but last week it seems it has lost its strength.

OK but there is much more information that you need to SEE.

PRICE is at, and being rejected from, resistance. The PRICE structure from the Shooting Star at week ending March 16, 2018 is High - Low - Lower High - Lower Low - ? PRICE is still in an UP Swing

Check your SR levels against mine.

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 65 KB


B (Daily) Also an uptrend has formed and been established really well for at least 40 days but it seems it cant overcome the resistance level (which is designated from the monthly chart indicating a strong level.

Good, but:

at least 40 days

There are only 35 days from October 04, 2018 to today! This means your broker has Sunday candles so find another broker without Sunday candles.

Attached Image (click to enlarge)
Click to Enlarge Name: b.PNG Size: 53 KB


W (H4) the candle before the last is a shooting star although i would prefer it with a longer wick and not that small tail , the last candle confirms that the resistance has hold and sellers are taking control again for third time.

the candle before the last is a shooting star

No, its NOT. This tells me you either did not read my recent posts on Shooting Stars and Hammers or, you didn't UNDERSTAND them.

sellers are taking control again for third time.

Almost correct. The sellers are NOT in ""control"" yet. The buyers have made 3 attempts at pushing PRICE through resistance but each time there are some buyers taking profits which weakens the buyers' strength. The remaining buyers continue to buy off the 0.9550 support in an attempt to push PRICE higher. This will continue until there are no more buyers left at which time the sellers will jump in and drive PRICE down. The pattern gurus will see a head and shoulders pattern developing but PASR does not trade that but will use it as confluence.

Attached Image (click to enlarge)
Click to Enlarge Name: c.PNG Size: 45 KB


i believe going short is decent swing PASR trade with a stop loss at 200 ema at weekly chart and tp at 0.9315

This would only be 1:1 R:R.

On the other hand looking at the weekly chart another interpretation would be that price is trapped at the WWC which is the previous week candle. BUT as i stated above i am considering the weekly as BB so the management of my trading will be at H4 chart.

As huatzhi commented, there is no Weekly Control Candle yet and you will not know until New York CLOSES at 5pm on Friday.

Selling at these PRICE levels would be SELLING INTO SUPPORT which will empty your trading account. Instead WAIT to SEE what PRICE does at support.

Good effort so do more to improve.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,907
  • Nov 22, 2018 10:02am Nov 22, 2018 10:02am
EURUSD

Quoting huatzhi
{quote} Hi Strat, On February the price just reverse. If we trying to trade Big Boss on Worker, we might wanting to get in bullish from Feb to April as we going to think it is still on up swing, which we could not trade it the right way. Am I understand it right? On weekly, my mistake was I actually go and check in pip detail that the Nov 4 week is closing 5pips below Oct 21 week low. I should remember that even if it is a couple pips off, it is still around that price.
If we trying to trade Big Boss on Worker, we might wanting to get in bullish from Feb to April as we going to think it is still on up swing, which we could not trade it the right way. Am I understand it right?

No. January 2018 Big Boss and Boss are at resistance.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,908
  • Nov 22, 2018 10:18am Nov 22, 2018 10:18am
EURCAD

Quoting Heimrich
{quote} Ok here is my first bullet. EURCAD BB{image} BB is falling since april B{image} Boss is making lower lows/highs and is now in an weekly control candle, but rejected twice from 200MA W{image} BEEB at the top of the WCC, so i would set a sell trade. But i am unsure where to set my tp. Because with the support at 1.493 i have a bad RR
Take note of comments from Suran and Rub - TRADERS HELPING TRADERS

The Big Boss is in a Trading Range from BRN 1.38 to 1.61

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 67 KB


Boss is making lower lows/highs and is now in an weekly control candle, but rejected twice from 200MA

PRICE is SUPPORTED by 200 ema BUT rejected by the Strat Shadow AND resistance

BEEB at the top of the WCC, so i would set a sell trade. But i am unsure where to set my tp. Because with the support at 1.493 i have a bad RR

But i am unsure where to set my tp. Because with the support at 1.493 i have a bad RR

Strat's Law: If it doesn't feel right - IT IS NOT RIGHT so don't trade!

Because with the support at 1.493 i have a bad RR

Good! You could drop down to H4 for better R:R

Good first effort - do more!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,909
  • Nov 22, 2018 10:20am Nov 22, 2018 10:20am
Thanksgiving

Quoting Suran
{quote} As I am coming from Asian country..Thanks giving concept is too alien to me. So I did a little research 'What is Thanks giving?" . It came out we can thank any body who giving US something..So hope I got it correct .if not still its good.. So This is for YOU Strat Happy Thanks giving day..!.. Strat our Dear Teacher. Without You we would have never learn this much (and still it's long long way to go) . But I know as long as You exists you will be there for US. And that means a lot. {image} And Happy thanks giving everybody.. Suranga
Thank you Suranga and Corinna - you humble me.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,910
  • Nov 22, 2018 10:23am Nov 22, 2018 10:23am
PASR THE PATH

Quoting Suran
Ali.J {quote} Hi Strat, I previously offered to reinstate him providing others were prepared to work with him (I am not). At that time there were no offers. My offer still stands. Anyone willing to tutor him? Is this offer open to me also? If yes, then I will try to help (and may b others might also help I believe) until a day comes that he proves worthy to you. I am no expert (nor Tutor..) just reading the ABC's in PASR. Not even finished reading THE PATH. May be He leaned the lessen ..who knows.. Suranga
Is this offer open to me also? If yes, then I will try to help (and may b others might also help I believe)

Yes and anyone else.

I will give him access BUT if his posts get out of control he will be gone again!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,911
  • Edited 10:47am Nov 22, 2018 10:29am | Edited 10:47am
GBPNZD M5 PASR Trend Trading

Quoting Malu
GBP NZD M5 Trend Trading Today ist was like in a textbook. Entry was fine, price never moved below my entry after I opened the position and in the end PASR showed the right way again (in the end: +90 pips). {image} All the best. Markus
Well done, Markus

Is this a PRACTICE account or REAL, HARD EARNED MONEY?
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,912
  • Nov 22, 2018 10:33am Nov 22, 2018 10:33am
Trend Lines

Quoting Francl
Hi If I may ask. I am way back on old thread and I see Strat used trend lines, now he doesn't use it any more as I see on recent posts, were the trend lines replaced with Strat shadow? I know I need to read all at the first so mybe the question is not proper, but shall I focus on TLs or not? Thanks Igor
The comments from Malu below your Post are correct - TRADER HELPING TRADERS

Those early on THE PATH should draw trend lines until they have progressed on THE PATH to be able to SEE the Strat Shadow acting as trend lines. Trend Lines are important so go ahead and use them.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,913
  • Nov 22, 2018 10:42am Nov 22, 2018 10:42am
EURAUD M5 PASR Trend Trading

Quoting Malu
EUR AUD M5 Will also post a loser trade today. To be honest this one looked really nice when I opened the position. BUEB (entry) was right above my S/R. In the end, after price closed below my SL-level (which was tested a few times) I stopped out my position (in the end: -18 pips). {image} Greetings, Markus
Thank you for posting your LOSING trade.

In addition to Suran's valuable comments - TRADER HELPING TRADERS

You traded BEFORE LONDON OPEN!!!!!!!!!!!!!!!!!!!!!

You DESERVE to LOSE!!!!!!!!!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,914
  • Nov 22, 2018 10:45am Nov 22, 2018 10:45am
EURAUD M5 PASR Trend Trading

Quoting Malu
{quote} I guess I was driven by HOPE. That is the psychological effect of trading. At least I closed the position when my SL was hit. Then hope was over.
""HOPE"" had NOTHING to do with it - you did not follow my rules for M5 PASR Trend Trading!

You got to Step 4 and tried to Walk On Water!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,915
  • Nov 22, 2018 10:48am Nov 22, 2018 10:48am
Quoting strat
PASR THE PATH {quote} Is this offer open to me also? If yes, then I will try to help (and may b others might also help I believe) Yes and anyone else. I will give him access BUT if his posts get out of control he will be gone again!
I will also try to help where I can - still having to learn a lot for myself but it helps to apply already learned stuff. Happy Thanksgiving!
Accept the risk!
  • #8,916
  • Nov 22, 2018 10:51am Nov 22, 2018 10:51am
M5 PASR Trend Trading

Quoting Suran
{quote} Lesson learned. One thing I have learned about M5 trend trading is that as soon as we see a sign we should exit. we are reluctant to back off because the greed. It doesn't matter if that trade run for 100+ pips with out us. Btw. nice trading
One thing I have learned about M5 trend trading is that as soon as we see a sign we should exit.

Very good, Suranga but I just need to qualify it:

""as soon as we see a PASR sign we should exit"".
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,917
  • Nov 22, 2018 10:57am Nov 22, 2018 10:57am
PASR THE PATH

Quoting Scrumy
{quote} I will also try to help where I can - still having to learn a lot for myself but it helps to apply already learned stuff. Happy Thanksgiving!
Thank you. So many underestimate the value in helping others. By helping others we help ourselves by refreshing our knowledge and understanding.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,918
  • Nov 22, 2018 11:05am Nov 22, 2018 11:05am
Quoting strat
GBPNZD M5 PASR Trend Trading {quote} Well done, Markus Is this a PRACTICE account or REAL, HARD EARNED MONEY?
Thanks Strat.
Yes it is real , hard earned money I trade with.
  • #8,919
  • Nov 22, 2018 11:07am Nov 22, 2018 11:07am
Quoting strat
EURAUD M5 PASR Trend Trading {quote} Thank you for posting your LOSING trade. In addition to Suran's valuable comments - TRADER HELPING TRADERS You traded BEFORE LONDON OPEN!!!!!!!!!!!!!!!!!!!!! You DESERVE to LOSE!!!!!!!!!
Yoy are right. I deserved this one.
I know that hope has nothing to do with PARS. I tried to explain that hope took over on the psychological side. That’s where I have to work on.
  • #8,920
  • Edited 11:25am Nov 22, 2018 11:11am | Edited 11:25am
Quoting strat
M5 PASR Trend Trading {quote} One thing I have learned about M5 trend trading is that as soon as we see a sign we should exit. Very good, Suranga but I just need to qualify it: ""as soon as we see a PASR sign we should exit"".
For me, the only valid PASR sign would have been the BEOB, see attached image. If I would have been in that trade, my SL would have been hit, too - just like Malu's.
Do I miss some other important PASR here?

I also question if it is a valid BEOB - the high's seem to be pretty close together. Also on my data feed, lots of candles look completely different.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD M5 - where to exit.png Size: 648 KB


Edit: FYI - see my data feed on EURAUD M5

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD M5 - totally different compared to Malu.png Size: 63 KB


Edit 2: Answering my own post. Was focusing to much on "PA setup candles" to leave the trade. But on M5 we should just ride the trend until some signs for reversal appear. And all those upper wicks are such a sign. I guess we should just exit, when price can't go through that significant level with lots of upper wicks. Leave the trade, book the minimal profit/breakeven or even minimal loss and let the it run without you. As Suran said - "...doesn't matter if that trade run for 100+ pips with out us."
Accept the risk!
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