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Strat's PASR Long Term, Stress Free Trading

  • #9,821
  • Jan 15, 2019 12:36pm Jan 15, 2019 12:36pm
Hi Strat, impressive threads you have put up over the years, just discovered them. Have never been really so good with long term trading, mostly break evenish up to small profits during the past 5 years. I prefer trading intraday because I have often seen profitable trades turning against me on the higher time frames.

But as trading is a constant battle, I also want to tackle swing trading again to receive more feedback from the markets and tackle that subject. What would you recommend to start with as a long-term swing trader? If you want to know what approach I have used, I traded S/R levels via limit orders and went for at least a 2:1 R, mostly on set&forget. I have never believed in indicators or secret holy grail recipes, I traded the naked charts.
Fix up, trade sharp ...
  • #9,822
  • Jan 15, 2019 12:38pm Jan 15, 2019 12:38pm
Beautiful, CLASSIC PASR

""Look, Ma, no hands (no indicators)""

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,823
  • Jan 15, 2019 12:45pm Jan 15, 2019 12:45pm
Beautiful, CLASSIC PASR

""Look, Ma, no hands (no indicators)""

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 43 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,824
  • Jan 15, 2019 12:48pm Jan 15, 2019 12:48pm
Beautiful, CLASSIC PASR

""Look, Ma, no hands (no indicators)""

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 49 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,825
  • Jan 15, 2019 12:52pm Jan 15, 2019 12:52pm
Beautiful, CLASSIC PASR

""Look, Ma, no hands (no indicators)""

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 35 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,826
  • Jan 15, 2019 12:52pm Jan 15, 2019 12:52pm
Quoting strat
AUDCAD {quote} Since for some reason you are unwilling to post your charts: {image}

Hello Strat, going back to that post of AUDCAD and ur Chart.. in those Add ons, where you set your stoploss each time?

Attached Image (click to enlarge)
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I draw where i should put my stoploss, but im not sure about between 1 and 2... I think in that moment i should move my stoploss bellow of that 3th and 4th candle after the first arrow... and maybe hit my stoploss, but for entry again days later.
  • #9,827
  • Jan 15, 2019 12:55pm Jan 15, 2019 12:55pm
Beautiful, CLASSIC PASR

""Look, Ma, no hands (no indicators)""

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 48 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,828
  • Jan 15, 2019 12:58pm Jan 15, 2019 12:58pm
Beautiful, CLASSIC PASR

""Look, Ma, no hands (no indicators)""

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 47 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,829
  • Jan 15, 2019 1:01pm Jan 15, 2019 1:01pm
Beautiful, CLASSIC PASR

""Look, Ma, no hands (no indicators)""

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 41 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,830
  • Jan 15, 2019 1:20pm Jan 15, 2019 1:20pm
Quoting HappyTrend
{quote} Hello Strat, going back to that post of AUDCAD and ur Chart.. in those Add ons, where you set your stoploss each time? {image} I draw where i should put my stoploss, but im not sure about between 1 and 2... I think in that moment i should move my stoploss bellow of that 3th and 4th candle after the first arrow... and maybe hit my stoploss, but for entry again days later.
where you set your stoploss each time?

HT, again, you are trying to trade like me. So, again, no-one can trade like me just like I can't trade like you or anyone else. I don't know what your PLAN is. Are you trading the Boss Swings, the Worker Swings, the Boss Trend, the Worker Trend etc., etc?

Remember, we are restricted by FIFO so you have to make a decision whether to keep your first trade running or just take chunks out using your Stop Loss. This then requires you to know your RISK tolerance.

Since this is the 3rd or 4th time you have asked this, you must find what works for YOU and not me. You can only do this by trial and error within PASR strategy. You will find that there is no hard and fast rule or way as the trend/swing Market structure decides that for you. Each trend/swing is on a case by case basis resulting from Market structure and PRICE action.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,831
  • Jan 15, 2019 2:23pm Jan 15, 2019 2:23pm
Quoting strat
{quote} where you set your stoploss each time? HT, again, you are trying to trade like me. So, again, no-one can trade like me just like I can't trade like you or anyone else. I don't know what your PLAN is. Are you trading the Boss Swings, the Worker Swings, the Boss Trend, the Worker Trend etc., etc? Remember, we are restricted by FIFO so you have to make a decision whether to keep your first trade running or just take chunks out using your Stop Loss. This then requires you to know your RISK tolerance. Since this is the 3rd or 4th time you have...

Yes, im doing that...

in my notes i wrote:

IM DOING THIS: etc.. etc.. etc..

If i do this: etc.. etc.. etc..

if i do that: Etc.. etc..

I mean, im following my solid and my personal trading management but aswell im taking notes if my stoploss were in other place.. And after a week and a month i study my trades and the notes for check what should be better. Is the reason that i continue asking for that... For see the other opinions and I decide the last word of my trading.

Thank you for ur answer, im not going to repeat that question, sorry.
  • #9,832
  • Jan 15, 2019 3:19pm Jan 15, 2019 3:19pm
EURAUD

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Out at the bump zone.

1st entry was Worker 10th Jan Worker. 2nd entry was 4hr add on but the price slowed, I can always re-enter..
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #9,833
  • Edited 3:55pm Jan 15, 2019 3:29pm | Edited 3:55pm
EURNZD Update

This has better confluence for me than the EURAUD even though both pairs are trading in the same way.

No 200 ema in the way unlike EURAUD and we may close below half way of the Boss swing up. Looking for momentum..

Also I have a clear target of the Boss 200ema.

Boss

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Worker 1st entry, inside a WCC but its the 5th worker failing to close above the 200ema.

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H4 - Second add on, profit locked in because I am away for the rest of the week and OK with the profit. I can always enter again on the pull back.

Attached Image (click to enlarge)
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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #9,834
  • Jan 15, 2019 4:39pm Jan 15, 2019 4:39pm
Quoting BeyondTheSea
EURNZD Update This has better confluence for me than the EURAUD even though both pairs are trading in the same way. No 200 ema in the way unlike EURAUD and we may close below half way of the Boss swing up. Looking for momentum.. Also I have a clear target of the Boss 200ema. Boss {image} Worker 1st entry, inside a WCC but its the 5th worker failing to close above the 200ema. {image} H4 - Second add on, profit locked in because I am away for the rest of the week and OK with the profit. I can always enter again on the pull back. {image}
Hello BTS, that is another question that i have in my notes...

Your first entry at the Worker.

And then the ADD ON is in the H4 Chart (Going with the BOSS and Worker Swing/Trend).

When u add on in the H4 Chart, that second entry do u manage it at the Worker?
  • #9,835
  • Jan 15, 2019 7:24pm Jan 15, 2019 7:24pm
Quoting strat
EURNZD H1 {quote} Very good, Suranga. Now when your circumstances allow, look for where you can Add On.
Yes Coach...Thanks
Focus, Patience, Discipline, Determination and Perseverance
  • #9,836
  • Jan 15, 2019 7:38pm Jan 15, 2019 7:38pm
Quoting strat
{quote} If in the Future u are again thinking in open a private website.. This will never happen so make the most of what you have on here, HT.
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Focus, Patience, Discipline, Determination and Perseverance
  • #9,837
  • Jan 15, 2019 10:29pm Jan 15, 2019 10:29pm
Quoting strat
{quote} Ali, I sincerely hope you appreciate the extraordinary lengths Suranga has gone to help you. But I am pretty sure you are trying to PROVIDE for your family with trading ASAP. You are in a hurry to earn from trading. I can say this with certainty considering the private chats we had before.You might say no ,but deeper in your mind YOU ARE. If this is correct then it explains your irrational trading behaviour. Trading For A Living puts enormous psychological and financial pressure on you. Without the experience of consistent profitable trading...
While I don't have a family to provide for, I do see this caper as my way out of the rat race of working for a living and I suspect I'm putting too much pressure on myself to make a go of it. No idea how to get out of that mindset, it's something I've struggled to do with a number of things that have been important to me.

Quoting BeyondTheSea
EURNZD Update This has better confluence for me than the EURAUD even though both pairs are trading in the same way. No 200 ema in the way unlike EURAUD and we may close below half way of the Boss swing up. Looking for momentum.. Also I have a clear target of the Boss 200ema. Boss {image} Worker 1st entry, inside a WCC but its the 5th worker failing to close above the 200ema. {image} H4 - Second add on, profit locked in because I am away for the rest of the week and OK with the profit. I can always enter again on the pull back. {image}
I tried to short both EURNZD (previously posted https://www.forexfactory.com/showthr...5#post11879275), and EURAUD, but got stopped out on both. Will be keeping an eye out for any re-entries, but with EURAUD sitting near support I'd be reluctant to get in.
  • #9,838
  • Jan 16, 2019 3:53am Jan 16, 2019 3:53am
sir really thank u so much for helping us and sharing your experience with us and if someone want to learn forex just follow your thread and try to practice i think we can get good results.


so simple and effectivive.
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  • #9,839
  • Jan 16, 2019 4:04am Jan 16, 2019 4:04am
Quoting badeel
sir really thank u so much for helping us and sharing your experience with us and if someone want to learn forex just follow your thread and try to practice i think we can get good results. so simple and effectivive. {image}
you opened 12 positions in 20 mins. do you have 5-6 monitors ?
  • #9,840
  • Jan 16, 2019 4:06am Jan 16, 2019 4:06am
symbol changer
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