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Strat's PASR Long Term, Stress Free Trading

  • #9,121
  • Dec 4, 2018 12:35pm Dec 4, 2018 12:35pm
Quoting fxrabbi
GBPJPY H1 PASR Trend Trading: Happy to be back at my TradingRoom...............miss all the loving people/traders here. Happy Trading, Yomi. {image}
Great that you are back, Yomi.
  • #9,122
  • Dec 4, 2018 6:21pm Dec 4, 2018 6:21pm
NZDCAD

BB
Attached Image (click to enlarge)
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Ranging from 0.83 - 0.95
Up swing
Since price is making LH- LL, beware of potential LH form by supply TL around 0.93

B
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Up swing, testing an SR

W
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The SR form some retracement caused by weakness, but quickly turn back to the direction of B and BB with BUEB.
The trend is running strong.

Entry - A couple pips above BUEB
SL - 0.91 (2x ATR5, also the place where hammerish candle retest last swing high
TP1 - ATR(5), SL to BE
TP2 - 0.92868 (a quick 1:1)
TP3 - trailing reverse PASR and last swing low
  • #9,123
  • Dec 5, 2018 1:08am Dec 5, 2018 1:08am
Quoting huatzhi
NZDCAD BB {image} Ranging from 0.83 - 0.95 Up swing Since price is making LH- LL, beware of potential LH form by supply TL around 0.93 B {image} Up swing, testing an SR W {image} The SR form some retracement caused by weakness, but quickly turn back to the direction of B and BB with BUEB. The trend is running strong. Entry - A couple pips above BUEB SL - 0.91 (2x ATR5, also the place where hammerish candle retest last swing high TP1 - ATR(5), SL to BE TP2 - 0.92868 (a quick 1:1) TP3 - trailing reverse PASR and last swing low
I see it as testing an area of strong resistance on boss and big boss. A close above .9200 would be encouraging.
  • #9,124
  • Dec 5, 2018 5:41am Dec 5, 2018 5:41am
GBP USD M5 Trend Trading

Today the other way round - compared to yesterday. The shooting star was the signal for me to exit.

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Greetings, Markus
  • #9,125
  • Edited 9:30am Dec 5, 2018 9:11am | Edited 9:30am
CAD$

Did Canada just fall off the Planet?

Terry, are you still there?

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It pays to watch the News Calendar when trading shorter time frames!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,126
  • Edited 11:39am Dec 5, 2018 9:36am | Edited 11:39am
PASR THE PATH

Quoting strat
PASR THE PATH {quote} Thank you, Scrumy. I would be REALLY interested to read other student's journey on THE PATH. Do you see something to add? Do I miss an important topic? How did you progress/do you progress on THE PATH? How do you backtest? Do you have a specific checklist? I'd like to hear your thoughts on this one. Don't let Scrumy or me down on this. Let us know.
Thank you, Scrumy. I would be REALLY interested to read other student's journey on THE PATH.

Do you see something to add? Do I miss an important topic? How did you progress/do you progress on THE PATH? How do you backtest? Do you have a specific checklist? I'd like to hear your thoughts on this one. Don't let Scrumy or me down on this. Let us know.

Since there is no interest in doing this then I have no further interest in other student's journey on THE PATH
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,127
  • Dec 5, 2018 9:42am Dec 5, 2018 9:42am
Quoting Suran
{quote} Hi Strat , I'm struggling to understand this - maybe my cold/flu ... Just thought to reply this because this might be useful for some one. This is what I do when I see signs of getting caught with cold ..Or even after getting caught with cold. Normally when I see even little signs of cold I do nasal rinse. When I feels like itching inside nasal passage i will do it. Just a 2 minute rinse (before getting caught with cold ) will do the trick. No drugs needed.If I do it in timely manner then I do not get cold (99% of time). there are couple...
Thank you Suranga. It's too late for this cold but I'll definitely give the saline nasal rinse a shot next time but as for a pee nasal rinse..................er, no thanks
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,128
  • Dec 5, 2018 9:55am Dec 5, 2018 9:55am
GBPUSD, GBPJPY & GBPCAD M5 PASR Trend Trading

Quoting bistolis
Morning I decided to have some paper trades this morning. All of them I entered before london open and was monitoring the whole time GPBUSD M5 {image} GBPJPY M5 {image} but I missed all the action later on , after london open example: GBPCAD M5 {image}
Well done, bistolis.

was monitoring the whole time

You have to do this - there is no other way if you want to profit from it

but I missed all the action later on , after london open example:

Don't worry about it. It's impossible for anyone to trade all the opportunities. Just trade what you SEE in YOUR time zone.

some paper trades

Now to engage your Little People! Start with REAL, HARD EARNED money but with the smallest position your broker offers.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,129
  • Dec 5, 2018 10:19am Dec 5, 2018 10:19am
PASR THE PATH

Quoting Scrumy
{quote} Thanks huatzhi for your comment. But that brings up an interesting observation: I have it already "In my veins" (Andrew Belle, 2016) to draw the SR lines - no need to put it on my checklist. Otherwise I won't be able to trade PA around SR. But that shows, that some checks are not needed anymore, whereas others are needed. So the checklist in itself is very customized to the person using it. And the goal should be to get away from the checklist cause we have done it over and over and over again... ...until it just feels natural. Best, Scrumy...
And the goal should be to get away from the checklist cause we have done it over and over and over again... ...until it just feels natural.

Or, until you can do it in your sleep!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,130
  • Dec 5, 2018 10:21am Dec 5, 2018 10:21am
PASR

Quoting Rub
{quote} Sorry to hear you're sick. Take the time and look after yourself, if you don't have your health you don't have much. I thought those two pairs were a smack in the face type of obvious break through support, that could spark some discussion without telling people how to trade them. Seems to have worked!
I thought those two pairs were a smack in the face type of obvious break through support, that could spark some discussion without telling people how to trade them. Seems to have worked!

Well done, Ben!

Yes, it worked for some but I don't know about the rest!

More please!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,131
  • Dec 5, 2018 10:24am Dec 5, 2018 10:24am
GBP USD M5 PASR Trend Trading

Quoting Malu
GBP USD M5 Trend Trading Today I was brave enough to add on on the way down. Closing was when price hit my S/R-line. So I could get 40 pips on trade 1 and 29 pips on the second one. {image} Greetings, Markus PS: Strat, you get well soon!
Good trades! Seems like you are getting the hang of it. Are they REAL or paper trades?
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,132
  • Dec 5, 2018 10:27am Dec 5, 2018 10:27am
GBPJPY H1 PASR Trend Trading

Quoting fxrabbi
GBPJPY H1 PASR Trend Trading: Happy to be back at my TradingRoom...............miss all the loving people/traders here. Happy Trading, Yomi. {image}
Lovely to see you back in the PASR Trend Trading saddle, Yomi! I see you have not lost your "touch".
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,133
  • Dec 5, 2018 10:31am Dec 5, 2018 10:31am
Quoting strat
GBP USD M5 PASR Trend Trading {quote} Good trades! Seems like you are getting the hang of it. Are they REAL or paper trades?
Thanks, Strat. No paper trades, it is hard earned, real money I trade with.
Still not the big size, but I figured out that (for me) it is important to feel and get used to the little demons and gremlins (psychological aspect of trading).
I am still making mistakes, but I am getting confidence in PASR and me!

Greetings, Markus.
  • #9,134
  • Dec 5, 2018 10:35am Dec 5, 2018 10:35am
Hi all,

Been 3 weeks or so since I last came here. Had to settle some urgent issues and had no time to visit this thread on a regular basis. Now that that is finally over, I hope I can join you all again.

After my last XAUUSD trade that ended in a disaster, I went through a lot of back testing and decided to learn Trend PASR well. I found out a few things:

1) TREND: Wait for trend to establish (Duh!). I prefer to think in terms of Swing High/Low. Make sure that you identify the correct Swing, because there can be false signals. Also, Big Boss and Boss being in harmony is a huge confluence.
2) MOMENTUM: We wait for pullback to the Strat Shadow for better R:R (think of it as the rubber band effect.) Candles touching the Strat Shadow gives much better R:R.
3) CONFIRMATION: We wait for signal (Outside Bars/Engulfing/Shooting Star/Hammer).

Throughout my backtesting all the way from 2007 in Forex, I found out that just by doing all this was extremely profitable if you have good money management.

This is the system that I will use and try out:
1) On valid signal, enter 2 trades.
2) Place SL below last Swing High/Low. Each SL should not exceed 1.5% of your account (Risk is 3%)
3) 1st target: ATR(10). 2nd target is trailing stop to last Swing High/Low.

Perhaps today's USDCAD on the Daily will be a good example.
Bis Boss and Boss in harmony (Up Swing):
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Attached Image (click to enlarge)
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I saw the Bullish Engulfing Candle on the Daily close yesterday, so I entered 2 positions. 1st position TP on announcement (thank you BOC!). Second position will be trailing (SL already on BE)
Attached Image (click to enlarge)
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Hope to join in all your discussions for good this time. Any feedback is welcomed. Got a lot to catch up this weekend.

Cheers, Miku
  • #9,135
  • Dec 5, 2018 10:35am Dec 5, 2018 10:35am
NZDCAD

Quoting huatzhi
NZDCAD BB {image} Ranging from 0.83 - 0.95 Up swing Since price is making LH- LL, beware of potential LH form by supply TL around 0.93 B {image} Up swing, testing an SR W {image} The SR form some retracement caused by weakness, but quickly turn back to the direction of B and BB with BUEB. The trend is running strong. Entry - A couple pips above BUEB SL - 0.91 (2x ATR5, also the place where hammerish candle retest last swing high TP1 - ATR(5), SL to BE TP2 - 0.92868 (a quick 1:1) TP3 - trailing reverse PASR and last swing low
Quoting Rub
{quote} I see it as testing an area of strong resistance on boss and big boss. A close above .9200 would be encouraging.
Very good huatzhi and Rub

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,136
  • Dec 5, 2018 10:35am Dec 5, 2018 10:35am
Quoting strat
GBPJPY H1 PASR Trend Trading {quote} Lovely to see you back in the PASR Trend Trading saddle, Yomi! I see you have not lost your "touch".
Happy to see you back after your little cold......
Time always comes before price
  • #9,137
  • Dec 5, 2018 10:38am Dec 5, 2018 10:38am
Quoting strat
CAD$ Did Canada just fall off the Planet? Terry, are you still there? {image} {image} {image} {image} It pays to watch the News Calendar when trading shorter time frames!
Yeah I am here Strat,

BOC interest rate announcement today, no change but obviously the scalpers traded the news. Canadian economy not doing so well in general, oil prices tanking again and the province that produces the oil announced a few days ago they will be cutting production in January. Do all in all it seems the CAD will continue to slide for the time being.

Hope your cold is getting better
Regards
Terry
  • #9,138
  • Dec 5, 2018 10:39am Dec 5, 2018 10:39am
Quoting strat
{quote} Thank you Suranga. It's too late for this cold but I'll definitely give the saline nasal rinse a shot next time but as for a pee nasal rinse..................er, no thanks
Hi Strat,
We have this saying in Chinese 'Once a teacher, always a teacher'. I can't express how much I have learnt from your guidance.

I sincerely hope you get well soon.
  • #9,139
  • Dec 5, 2018 10:50am Dec 5, 2018 10:50am
GBP USD M5 PASR Trend Trading

Quoting Malu
GBP USD M5 Trend Trading Today the other way round - compared to yesterday. The shooting star was the signal for me to exit. {image} Greetings, Markus
Good job, Markus, but why no Add On this time?

Only Basic PASR left for me at 7:00 am PST!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,140
  • Dec 5, 2018 11:12am Dec 5, 2018 11:12am
Quoting Francl
{quote}{quote} Hi Miku like your instructions on charts with big letters and red colour! How many times have I broken {image}this....and it's hurt
Yes Francl, it hurts, but I have learnt that if you entered a trade and fiddled with it, it means that you did not have a good plan. A huge red flag.

I wished someone told me this before, so I hope others will not walk the same path as I did.
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