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Strat's PASR Long Term, Stress Free Trading

  • #9,561
  • Jan 4, 2019 9:53am Jan 4, 2019 9:53am
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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,562
  • Jan 4, 2019 9:54am Jan 4, 2019 9:54am
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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,563
  • Jan 4, 2019 10:00am Jan 4, 2019 10:00am
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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,564
  • Jan 4, 2019 10:01am Jan 4, 2019 10:01am
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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,565
  • Jan 4, 2019 10:12am Jan 4, 2019 10:12am
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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,566
  • Jan 4, 2019 10:13am Jan 4, 2019 10:13am
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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,567
  • Jan 4, 2019 10:45am Jan 4, 2019 10:45am
Hello Everyone & Happy New Year and Best wishes To You all
All gratitude, appreciation and gratitude to the Master and Teacher. My prayers are going on every day, with all the happiness and beautiful live to you Sir.

USD/JPY 5M Basic PASR Trade .

Frankly, I do not feel that was good, and I have a feeling that it was just luck. I do not know if I should not repeat it again.
Any comment is very welcome .
Entry :

  1. The weakness of Sellers power to reach 107.4 again .
  2. Range trading & retest the support level .
  3. BUOB produced Higher Low .

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Regards
There is Light at the End of the Tunnel.
  • #9,568
  • Jan 4, 2019 11:03am Jan 4, 2019 11:03am
Quoting HappyTrend
USDMXN Another Trade from 6 of December. BOSS {image} WORKER {image} In Worker Chart i mark with an arrow and "Question*" there is a signal against of my entry. BUEB at StratShadow.. i didnt take any action because im taking note of everything... I didnt take any action because there is a big Resistance in there, my plan is leave the trade for the first important zone (bottom of WCC). In my notes i have this questions: 1) BUEB against my trade in this situation... Can be better close my trade.. wait the next candle if continue going up, or reject.....

USDMXN

Well, at the end... When i post that i decide to close the trade and in my notes put that i decide to Breakeven better and put a sell limit bellow of the next inside candle. More or less i close the trade.. and the trade open it again few hours later...

And here we go!

Now start moving...

BOSS

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WORKER

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Im Managing my trades as a SWING BOSS.

The current ENTRY LINE is the AVARAGE LINE of all the trades...

My Stoploss is moving and is going above of Boss Candle or Above of SWING High of Worker.

New Entries: If Worker Candle go to "inside candles" and after that inside candle, a worker candle break bellow, make an add on.

Close Trades: If Price touch my SL, If BOSS Candle makes a DOJI, Hammer, im going to move my stoploss above of the high, If Price reach my HAPPY TARGET FILL.
  • #9,569
  • Jan 4, 2019 11:04am Jan 4, 2019 11:04am
Quoting Ali.J
Hello Everyone & Happy New Year and Best wishes To You all All gratitude, appreciation and gratitude to the Master and Teacher. My prayers are going on every day, with all the happiness and beautiful live to you Sir. USD/JPY 5M Basic PASR Trade . Frankly, I do not feel that was good, and I have a feeling that it was just luck. I do not know if I should not repeat it again. Any comment is very welcome . Entry : The weakness of Sellers power to reach 107.4 again . Range trading & retest the support level . BUOB produced Higher Low . {image} Regards...
Well done, Ali, I am impressed!

A PERFECT Basic PASR trade - a good example for all to follow.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,570
  • Jan 4, 2019 11:21am Jan 4, 2019 11:21am
Quoting strat
{quote} Well done, Ali, I am impressed! A PERFECT Basic PASR trade - a good example for all to follow.
This year really happy year to me, YOU forgave me for my sins.!
Thank you Sir. Strat
There is Light at the End of the Tunnel.
  • #9,571
  • Jan 4, 2019 11:32am Jan 4, 2019 11:32am
Happy New Year everyone! Wish you all the best for 2019.

EURNZD 5M Trend Trading PASR

S/L 24 Pips
Realized RRR 1:3.2
Entry: BEEB + Rejection of BRN 1.7
Exit: based on PA at the drawn S/R line and I don't want to hold the position over the weekend.

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PS: I switched back to Microlots (got hit very hard during the holidays - more than a docen losses in a row before and after christmas). Now I added to my trading plan that if I get hit three times in a row on a single day I will stop trading for the day.
Accept the risk!
  • #9,572
  • Edited 12:22pm Jan 4, 2019 11:59am | Edited 12:22pm
EURAUD Worker Basic PASR

S/L 170 Pips
Entry: rejection at 1.627ish and massive Shooting Star (maybe a Bond Shooting Star because there are candles to the left in Sept/October?!).

Exit: My plan to exit was at the top Strat Shadow, which coincides with the S/R line at BRN 1.6. But with that big candle today and the swing now confirmend I will let the position open over the weekend.

Big Boss
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Boss
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Worker
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Accept the risk!
  • #9,573
  • Jan 4, 2019 12:03pm Jan 4, 2019 12:03pm
Quoting Scrumy
EURAUD 1D Basic PASR S/L 170 Pips Entry: rejection at 1.627ish and massive Shooting Star (maybe a Bond Shooting Star because there are candles to the left in Sept/October?!). Exit: My plan to exit was at the top Strat Shadow, which coincides with the S/R line at BRN 1.6. But with that big candle today and the swing now confirmend I will let the position open over the weekend. Big Boss {image} Boss {image} Worker {image}
Hahahah We have almost the same entry! I decide to entry a little bellow of yours, at: 1.61882

And yes... 2hours for market close and im going to manage it as a Boss Swing.
  • #9,574
  • Jan 4, 2019 12:14pm Jan 4, 2019 12:14pm
Quoting HappyTrend
{quote} Hahahah We have almost the same entry! I decide to entry a little bellow of yours, at: 1.61882 And yes... 2hours for market close and im going to manage it as a Boss Swing.
Nice. I like your entry a bit better than mine (because it is a little more conservative - below most of the wicks of the nearby candles).
Accept the risk!
  • #9,575
  • Jan 4, 2019 7:35pm Jan 4, 2019 7:35pm
If you've been doing you weekend analysis, these should mean something to you. Anyone want to have a crack?
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  • #9,576
  • Jan 5, 2019 1:32am Jan 5, 2019 1:32am
Quoting Scrumy
Happy New Year everyone! Wish you all the best for 2019. EURNZD 5M Trend Trading PASR S/L 24 Pips Realized RRR 1:3.2 Entry: BEEB + Rejection of BRN 1.7 Exit: based on PA at the drawn S/R line and I don't want to hold the position over the weekend. {image} PS: I switched back to Microlots (got hit very hard during the holidays - more than a docen losses in a row before and after christmas). Now I added to my trading plan that if I get hit three times in a row on a single day I will stop trading for the day.
Hi Scrumy

I work my stop losses in the trade. I have a hard stop somewhere at a level and then I work the trades and take much smaller hits. Sometimes I miss the trend because of this and I do not chase the price when this happens. I'm now taking many more 5 to 10 pips stops but these are now getting measured out by the smaller wins which are about the same when I am being defensive.

When I hit on a trend and manage to add on it wipes out all these smaller stop outs for lots of profit.
It takes loads of chart time to develop a style that suits you but I've learned that 5 min trend trading is not about setting and forgetting your trades. There is no edge there for me.

The edge is having the discipline and will power to manage your stops and get out with profit. Time and again.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #9,577
  • Jan 5, 2019 9:45am Jan 5, 2019 9:45am
Happy weekend all

Durring my time away from trading last month I did a lot of thinking... I think too much.

So part of my trading plan is thinking less to not at all. If the trade is there, take it.

As anyone approaches mastery in any field the time spent thinking and analyzing things become less to none. I am probably in the top 5% of carpenters when it comes to trimming out fancy homes with lots of details. There is not much thought to the process any more. People have asked how I know what to do or where to start or any other number of questions. My answer is something along the lines of "I just do". It should be the same with trading for me, especially after all these years looking at charts and watching price.

Durring the holidays I read a great little book, The Traders by Sonny Kleinfield. The book came out in 1993 so home computers and the internet were in its infancy. He interviewed and followed around pit traders. It was an informative read. A common theme throughout the book was not thinking about and analyzing the trade. You would have thought Strat was one of the traders interviewed. These pit traders traded without charts for the most part yet could feel the momentum of the positions. I started reading a novel last night, it just didn't thrill my brain cell, so will put it down till a later date. I will re-read The Traders instead.

So in conclusion, my thinking will be more for the process of entering the position. Analyzing the crap out of something is to be set aside. So if I post a trade that was just stupid and someone asks "Where was your head" to take it such a thing. Thank you for pointing it out first of all...My head was probably on the Henry's Fork river with a flyrod in my hand.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #9,578
  • Edited 10:14am Jan 5, 2019 10:03am | Edited 10:14am
Quoting tommyFL
NZDUSD: This didn't move much last week. I had decided placing a sell-stop under 0.67 would be a good idea, but I was waiting for trading to restart after NY before going for it (on demo), however I was was on a plane last night as this went south, before I'd had a chance to put an order in. Then I thought I'd wait for a retrace and then look what happened.. now the worker is sitting above support at 0.62230 as I type this. I thought about another stop under the support at 0.6223 but the move today has me worried about S/L placement. Monthly: {image}...
Tommy, as others have posted, you have more lines on your charts than Kings Cross Station which will confuse the bejabbers out of you. You only have that many lines when you are learning to identify SR. When you are actually trading, we only need support and resistance above and below where PRICE is NOW
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,579
  • Jan 5, 2019 10:03am Jan 5, 2019 10:03am
Quoting Eurotrader17
NZDUSD PASR Swing trading {quote} The last portion I took on this south move was at 0.6714 and I was taken out (TakeProfit was hit) after such a big move last night. {image} Since BIG BOSS and BOSS are in a downtrend and my next support is at 0.64ish, I'm waiting for the WORKER to give me an entry signal with a good RR so I can get in.
Nicely done!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,580
  • Jan 5, 2019 10:05am Jan 5, 2019 10:05am
Quoting Eurotrader17
{quote} what made you take the trade on the worker at that point considering the bars on the BB and B? BIGBOSS Let's start with BIGBOSS November candle was very bullish but the December one had already rejected EMA200 (I'm also testing with MA200) and StratShadow bottom and keeping in mind that the main trend was down that means there's a high probability that price is going down. {image} BOSS it was in confirmed swing down (confirmed on 12/09) and last week had closed below StratShadow and also was rejected by resistance 0.68ish which means DOWN!...
Very well explained, EuroT
15 YEARS OF PASR ON FOREX FACTORY!
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