Strat's PASR Long Term, Stress Free Trading | Page 486 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MY PASR journey Based on Strat's PASR Trading 76 replies

M5 PASR Trend Trading Strat 95 replies

My PASR Trend Trading Journals 3 replies

A young trader's road to profitability - PASR trading - Live 11 replies

Fibs trading and PASR 0 replies

Attachments: Strat's PASR Long Term, Stress Free Trading
Exit Attachments

Strat's PASR Long Term, Stress Free Trading

  • #9,701
  • Jan 10, 2019 6:28am Jan 10, 2019 6:28am
Quoting strat
GBPJPY & GBNZD M5 {quote} So you made 15 pips on GBPJPY M5 - big deal! When I saw all that resistance on my chart I ran for the next pair. Yes you made 15 pips but it is not trend trading and repeating this will not put you in the "consistently profitable" column. What was your PLAN? If you haven't the time to devote your full attention to trading then don't trade! This looks like "desperation to trade" {image} 4 pips loss on GBPNZD? You deserved more! Why would you BUY INTO RESISTANCE? {image} In both cases, there is NO TREND ESTABLISHED to trade...
Post #3201 and 5737

"Being in PST, you have the same problem as I when trading M5 which is why I WAIT for New York to CONTINUE the TREND ESTABLISHED by London. If New York does not continue the established London trend then it is NO TRADE for me."
  • #9,702
  • Jan 10, 2019 6:50am Jan 10, 2019 6:50am
Quoting fleurdelys
{quote} Thank you. {image} You have seen I do not have the same candles (red arrows). Yet I trade Live at Lmax? You think that comes from the broker?
I didnt use a live feed. The candles are different usually if there are sunday candles on the charts. Just focus on your live feed and what you see on your charts
  • #9,703
  • Jan 10, 2019 7:01am Jan 10, 2019 7:01am
Hey guys,

Took a trade today. Chart says it all. Decided to stop being greedy today. So no add-ons

H4

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmicroH4.png Size: 36 KB


M5

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmicroM5.png Size: 49 KB


Happy trading
Focus, Patience, Discipline, Determination and Perseverance
  • #9,704
  • Jan 10, 2019 9:56am Jan 10, 2019 9:56am
Quoting HappyTrend
{quote} Hello, The Other day i decide to hard takeprofit 2 of my 3 positions... For bank profits while still learning and taking notes. "Daily up trend is finished " Why u say that today? Its because the Worker Candle close bellow of StratShadow? I was thinking that the Daily Uptrend was finished when we have a big BEEB on BOSS. That one position left im going to manage as the initial, Boss Worker Candles. ************************* I have similar question about my trade of USOIL USOIL BOSS: Not a Hammer at all because we have a top tail, but create...
USDCAD: "Daily up trend is finished " Why u say that today?

PASR strategy is about what PRICE does at SR - what did PRICE do?

Was correct to hard take profit at the top of WCC because we still in downtrend? or better trailing behind of those bullish candles of worker?

BOSS: Not a Hammer at all because we have a top tail, but create a WCC at the BOTTOM Support of BIGBOSS and BOSS.

A doji telling you the same thing as a Hammer AFTER PRICE CLOSED above it. PRICE is now in a CONFIRMED UP swing.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,705
  • Jan 10, 2019 10:14am Jan 10, 2019 10:14am
Quoting Suran
Hey guys, Took a trade today. Chart says it all. Decided to stop being greedy today. So no add-ons H4 {image} M5 {image} Happy trading
This is NOT my M5 strategy

Why are you trading before London open?

Why are you looking at H4 to trade M5?

My M5 strategy has small stop losses 5 to 15 pips max, yours was around 25 pips

Sitting through 20+ pips of draw down is NOT my M5 strategy

25 pips RISK for 35 pips reward is NOT my M5 strategy

Why did you enter short on a PAUSE candle at support?

Why did you enter short with 200ema support 2 pips below it?

You were lucky this time, very lucky - you will not be next time!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,706
  • Edited 10:54am Jan 10, 2019 10:27am | Edited 10:54am
Quoting fleurdelys
Good morning Yesterday no trade: No feeling and tired. Today, open EurCad I wanted ratio 3 ... Close too early :/ {image} Ratio 2 I regret because I wanted to open gbp cad at the beginning ...
I wanted ratio 3 ... Close too early

Echoing bistolis's comments - trade the trend NOT multiples of Risk. Multiples of Risk has NOTHING to do with trend trading. Multiples of Risk is not Trading For A Living. We take as much as the Market will give us.

If you really understood PASR, there was a lovely Take Profit exit waiting for you.

But you made a profit so that is better than a loss.

Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,707
  • Jan 10, 2019 10:48am Jan 10, 2019 10:48am
Crumbs and peanuts again for PST traders!

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 51 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,708
  • Jan 10, 2019 10:54am Jan 10, 2019 10:54am
Trading macro crumbs and macro peanuts on Basic PASR in PST - absolute waste of time

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 57 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,709
  • Jan 10, 2019 11:48am Jan 10, 2019 11:48am
Quoting strat
{quote} USDCAD: "Daily up trend is finished " Why u say that today? PASR strategy is about what PRICE does at SR - what did PRICE do? Was correct to hard take profit at the top of WCC because we still in downtrend? or better trailing behind of those bullish candles of worker? BOSS: Not a Hammer at all because we have a top tail, but create a WCC at the BOTTOM Support of BIGBOSS and BOSS. A doji telling you the same thing as a Hammer AFTER PRICE CLOSED above it. PRICE is now in a CONFIRMED UP swing.

USDCAD


PASR strategy is about what PRICE does at SR - what did PRICE do?

I draw a S&R at 1.33861 that i break last friday. Is the reason that i ask "Daily up trend is finished " Why u say that today?.

**********

USOIL

EXCELLENT!: ---> A doji telling you the same thing as a Hammer AFTER PRICE CLOSED above it. <--- Didnt know that!!! Thank you.

PRICE is now in a CONFIRMED UP swing. -> But how is a Confirmed UpSwing if still inside of WCC? Or when we have an Inside bar that is a Hammer/Doji at the bottom, And when candle close above of it in BOSS, we can use it as a Confirmed Swing? Should i leave my trade open in USOIL?

Thank you.
  • #9,710
  • Jan 10, 2019 1:05pm Jan 10, 2019 1:05pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 50 KB
  • #9,711
  • Jan 10, 2019 2:02pm Jan 10, 2019 2:02pm
Quoting HappyTrend
{quote} USDCAD PASR strategy is about what PRICE does at SR - what did PRICE do? I draw a S&R at 1.33861 that i break last friday. Is the reason that i ask "Daily up trend is finished " Why u say that today?. ********** USOIL EXCELLENT!: ---> A doji telling you the same thing as a Hammer AFTER PRICE CLOSED above it. <--- Didnt know that!!! Thank you. PRICE is now in a CONFIRMED UP swing. -> But how is a Confirmed UpSwing if still inside of WCC? Or when we have an Inside bar that is a Hammer/Doji at the bottom, And when candle close above of it in...
But how is a Confirmed UpSwing

Go back, read and understand how I confirm Weekly Swings.

Weekly Control candles are ONLY a warning

Should i leave my trade open in USOIL?

Your choice - I don't know your circumstances
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,712
  • Jan 10, 2019 2:11pm Jan 10, 2019 2:11pm
EURGBP
Its been a while since my last post but i would like to share a chart
Althought B and BB are in uptrend on the worker there 5 consecutive rejections and it seems there has been created a strong resistance level at 0.904
It is perfect time for going short !!
Attached Image (click to enlarge)
Click to Enlarge Name: daily.GIF Size: 84 KB
  • #9,713
  • Jan 10, 2019 2:23pm Jan 10, 2019 2:23pm
Quoting strat
{quote} This is NOT my M5 strategy Why are you trading before London open? Why are you looking at H4 to trade M5? My M5 strategy has small stop losses 5 to 15 pips max, yours was around 25 pips Sitting through 20+ pips of draw down is NOT my M5 strategy 25 pips RISK for 35 pips reward is NOT my M5 strategy Why did you enter short on a PAUSE candle at support? Why did you enter short with 200ema support 2 pips below it? You were lucky this time, very lucky - you will not be next time!
Hi strat,

Thanks for comment,

This is NOT my M5 strategy Why are you trading before London open?

This is not a M5 trade, My trade was based on H4 spining top /inside bar (coil) combo's at Resistance. My plan was to trade it 1.27107 level, But when I saw PRICE action at New York open (at 1.27343) I decided to exit based on M5 chart.May be wrong thing to do.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmicroH4.png Size: 27 KB


Then again Its not a good trade considering R:R

This hopefully answers to your remaining questions also.

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #9,714
  • Jan 10, 2019 3:20pm Jan 10, 2019 3:20pm
Quoting Suran
{quote} Hi strat, Thanks for comment, This is NOT my M5 strategy Why are you trading before London open? This is not a M5 trade, My trade was based on H4 spining top /inside bar (coil) combo's at Resistance. My plan was to trade it 1.27107 level, But when I saw PRICE action at New York open (at 1.27343) I decided to exit based on M5 chart.May be wrong thing to do. {image} Then again Its not a good trade considering R:R This hopefully answers to your remaining questions also. Suranga

If you Entry based a H4... Then you should Manage the Trade Daily or MINIUM H4... But with the Daily automatically ur R:R has been incrased....
  • #9,715
  • Jan 10, 2019 6:09pm Jan 10, 2019 6:09pm
Quoting strat
{quote} But how is a Confirmed UpSwing Go back, read and understand how I confirm Weekly Swings. Weekly Control candles are ONLY a warning Should i leave my trade open in USOIL? Your choice - I don't know your circumstances

*Yes im going to read again about Weekly Swings.

*About the USOIL, decide to close my trade with a hard takeprofit. My question was about if i had more knowedlge i should leave my trade open? Im asking that not for re-entry, is for taking notes.


Thank you.
  • #9,716
  • Jan 10, 2019 6:18pm Jan 10, 2019 6:18pm
Quoting huatzhi
{quote} Just to be clear, in this case, the BEOB on the daily is preferable to the close of the weekly (which shows resistance but no PA setup and is inside WCC), at 2,035? Personally, I do not really pay much attention to "WCC" until at least one candle closed inside it. I do not understand the application of WCC that well, which it is mostly just a sign for me to stay out (unless the WCC is huge). So when last closed candle is not inside another WCC, I'll read the chart as there is no WCC around for the moment. So your question kind of confused...
Thank you Huatzhi very much for your reply!

So your question kind of confused me quite a bit there as I thought you are talking about current price.
I think I should not have mentioned the WCC, I was just trying to point that the Price Level where price action took place would be a better place to put de SR line than on a near level with movement but without very clear PA.

Thanks for writing about your routine as well, I'll try to follow as I still have too many lines on my charts

best
peter
  • #9,717
  • Jan 10, 2019 6:34pm Jan 10, 2019 6:34pm
Happy 2019 all!!

as I continue the journey, I had some time to practice during the year end. One day all of my trades hit my SLs which was a wakeup call. I was doing it all wrong. I looked at it, and I was being careless, trying to "predict" where price would go instead of looking for valid PA setups on SR lines. I decided to stop demoing, re-read my notes on the thread and went to F12 acting only on shooting stars and hammers. Now I'm back to doing both the F12 testing (still SS and hammers for now) and the demo trades (Basic PASR). I have also been reading TITZ and read some of the material on trading psychology that was linked in the old thread, great stuff.

I know that other traders here have taken this trade on USDCAD, but I think it was one of my better ones from the last days. SL on 1.366 a bit above Resistance, trade got triggered after the swing confirmation, and hit my TP just above 1.318 zone. During the trade I kept on managing the SL after every daily close, first to BE, then above 1.34, and last above the inverted hammer like candle.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD-Daily.png Size: 38 KB


I'll try to post more as I get more confident that the setups I'm entering are actually valid and can spark good discussion.

Just thought I could share this, and thank you for providing such great knowledge here.

best
peter
  • #9,718
  • Jan 10, 2019 6:42pm Jan 10, 2019 6:42pm
Quoting Rub
{image}
Hi Rub,

thanks for sharing. It closed as a BEEOB on my data. Would the longer lower wick be something to worry about?

Also, with the vote on Brexit scheduled for the 15th, I think I'll stay away. You never know what those politicians are up to.

best
peter
  • #9,719
  • Jan 10, 2019 7:05pm Jan 10, 2019 7:05pm
Quoting Plateaus
Happy 2019 all!! as I continue the journey, I had some time to practice during the year end. One day all of my trades hit my SLs which was a wakeup call. I was doing it all wrong. I looked at it, and I was being careless, trying to "predict" where price would go instead of looking for valid PA setups on SR lines. I decided to stop demoing, re-read my notes on the thread and went to F12 acting only on shooting stars and hammers. Now I'm back to doing both the F12 testing (still SS and hammers for now) and the demo trades (Basic PASR). I have also...
Hello, Happy 2019 to you too... Yes me too about the excellent trade... I think my best trades has been that USDCAD and the USDMXN is getting crazy with those Bearish Boss. I only wish if i had knew Strat years ago.. But well... Never is late!
  • #9,720
  • Jan 10, 2019 7:37pm Jan 10, 2019 7:37pm
Quoting Plateaus
{quote} Hi Rub, thanks for sharing. It closed as a BEEOB on my data. Would the longer lower wick be something to worry about? Also, with the vote on Brexit scheduled for the 15th, I think I'll stay away. You never know what those politicians are up to. best peter
If for the 14th i have any GBP Trade open... Im going to set BE +1 if is in positive... If is in Negative, i prefer close the GBP trade.
1 trader viewing now