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Strat's PASR Long Term, Stress Free Trading

  • #9,921
  • Jan 22, 2019 3:04am Jan 22, 2019 3:04am
Quoting bistolis
{quote} I am not really looking at the EMA at that point. Entry is based on previous price action. Price is not closing lower and at the point of my entry it is confirming a higher low on M5. The entries are @market almost always. I rarely use pending orders EDIT: {image}
You are right, it made a HL. Indeed, you would probably not have the time to set a stop order on m5, it is too fast. It is a speculative entry, but I think the potential reward is good. You will exit with a LL?
Fix up, trade sharp ...
  • #9,922
  • Jan 22, 2019 3:07am Jan 22, 2019 3:07am
Quoting Hickson
{quote} You are right, it made a HL. Indeed, you would probably not have the time to set a stop order on m5, it is too fast. It is a speculative entry, but I think the potential reward is good. You will exit with a LL?
probably I will exit before the news. at least I will not let it roll into a loser. we will know after the news
  • #9,923
  • Jan 22, 2019 3:34am Jan 22, 2019 3:34am
Quoting bistolis
{quote} I am not really looking at the EMA at that point. Entry is based on previous price action. Price is not closing lower and at the point of my entry it is confirming a higher low on M5. The entries are @market almost always. I rarely use pending orders EDIT: {image}
Would you have waited for close above the resistance to the left and then a retest?

EDIT: Being dense. it's not a 4hr chart being posted.
  • #9,924
  • Edited 7:26am Jan 22, 2019 3:45am | Edited 7:26am
Quoting Rub
{quote} Would you have waited for close above the resistance to the left and then a retest? EDIT: Being dense. it's not a 4hr chart being posted.
I believe you mean this

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closed for 45pips and I am going for a coffee
  • #9,925
  • Jan 22, 2019 3:50am Jan 22, 2019 3:50am
Once again I try m1 bootcamp for the first 2 hours of London. I even took notes as I went, but called it a day after the news. Support and resistance was mostly drawn from 5min and 15 minute charts, with a couple of points drawn from 1hr as I couldn't see far enough back.

GBPNZD M1 bootcamp


1. Price failed to break below support, hammer. Exit at the doji showing indecision.

2. .Close above consolidation/200EMA/strat shadow. Stop below consolidation. Expected a retest of the 200EMA, but closed the trade when it closed below my entry.

3. Close above resistance. Stayed in though doji on resistance, didn't close below. Got stopped out.

4. Solid bull candle. Small candles down, so I stayed in the trade to 1.9200/resistance. Out at bearish outside bar. News about 10 Minuites after so stayed out and called it a night.

Bit shabby tonight, had the direction right, but not picking good entries. Slightly down in pips for the night, but it's all a learning experience.
Attached Image (click to enlarge)
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  • #9,926
  • Jan 22, 2019 3:56am Jan 22, 2019 3:56am
1 minute works better for me on web trader than MT4, I always profit on my smaller time frames, 1 minute, 5 minutes, i sometimes trade 15 minutes
  • #9,927
  • Jan 22, 2019 5:56am Jan 22, 2019 5:56am
Quoting Hickson
{quote} You are right, it made a HL. Indeed, you would probably not have the time to set a stop order on m5, it is too fast. It is a speculative entry, but I think the potential reward is good. You will exit with a LL?
If you want to learn PASR STRAT Method.. you should stop looking other Threads/Systems and only focus in here...

If you continue looking to others.. you are not going to have a clue what is going on in here plus...

And you should focus PASR... is the heart of the markets.
  • #9,928
  • Jan 22, 2019 6:05am Jan 22, 2019 6:05am
Quoting HappyTrend
{quote} If you want to learn PASR STRAT Method.. you should stop looking other Threads/Systems and only focus in here... If you continue looking to others.. you are not going to have a clue what is going on in here plus... And you should focus PASR... is the heart of the markets.
You are right that one has to focus. The past years I have focused more and more on trading only Price Action. No Fibonaccis, no other indicators except EMA. Sometimes intraday I use Pivots, but what are pivots really other than expected intraday S/R? I agree that you do not even need them, but it is possible to trade them. With that said, I will not talk them here for obvious reasons, only what is in the thread.

So allow me one question: I do not really understand what is the purpose of the "Strat shadow". Basically, it just paints the space between the 20 and 50 EMA. Am I mistaken when I say you do not need it or am I missing something obvious here?
Fix up, trade sharp ...
  • #9,929
  • Jan 22, 2019 6:51am Jan 22, 2019 6:51am
Quoting Hickson
{quote} You are right that one has to focus. The past years I have focused more and more on trading only Price Action. No Fibonaccis, no other indicators except EMA. Sometimes intraday I use Pivots, but what are pivots really other than expected intraday S/R? I agree that you do not even need them, but it is possible to trade them. With that said, I will not talk them here for obvious reasons, only what is in the thread. So allow me one question: I do not really understand what is the purpose of the "Strat shadow". Basically, it just paints the...
Yes, you are missing something obvious...

YOU NEED TO READ ALL THE THREAD.

(You are not going to regret it)
  • #9,930
  • Jan 22, 2019 6:57am Jan 22, 2019 6:57am
Quoting HappyTrend
{quote} Yes, you are missing something obvious... YOU NEED TO READ ALL THE THREAD. (You are not going to regret it)
Alright, I might find it eventually ...
Fix up, trade sharp ...
  • #9,931
  • Jan 22, 2019 9:14am Jan 22, 2019 9:14am
Quoting Hickson
{quote} Alright, I might find it eventually ...
I doubt it - you are far too busy gossiping on every thread you can find!

Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,932
  • Jan 22, 2019 9:23am Jan 22, 2019 9:23am
GBPAUD 5m


Nice breakfast for me this morning... Oatmeal and GBPAUD

Closed out position and off to my other work.

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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #9,933
  • Jan 22, 2019 9:27am Jan 22, 2019 9:27am
Quoting strat
{quote} I doubt it - you are far too busy gossiping on every thread you can find! {image}
You might be right ... just ignoring all might be better (and I did for around three years already if you check back, I begin to remember it was for a reason) - because usually instead of talking trading, you will just get an unfriendly answer at best and even be ridiculed by senior members who cite your activity.

You have a point, but it is telling how you make it ... please do not complain about people if you have already adapted the kind of behaviour you were critizising in the first place.
Fix up, trade sharp ...
  • #9,934
  • Jan 22, 2019 9:30am Jan 22, 2019 9:30am
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,935
  • Jan 22, 2019 9:31am Jan 22, 2019 9:31am
Quoting Rufus
GBPAUD 5m Nice breakfast for me this morning... Oatmeal and GBPAUD Closed out position and off to my other work. {image}
Brilliant, John, well done!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,936
  • Jan 22, 2019 9:33am Jan 22, 2019 9:33am
Quoting strat
{image}
80% of your entries I still need to learn how to read them in real time
Learning every day
  • #9,937
  • Jan 22, 2019 9:33am Jan 22, 2019 9:33am
Quoting Hickson
{quote} please do not complain about people if you have already adapted the kind of behaviour you were critizising in the first place.
Then go some place else to gossip! This is MY thread and I will behave how """I"" want!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,938
  • Jan 22, 2019 9:35am Jan 22, 2019 9:35am
Quoting bistolis
{quote} 80% of your entries I still need to learn how to read them in real time Learning every day
But you understand those on GBPCAD - right?
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,939
  • Jan 22, 2019 9:40am Jan 22, 2019 9:40am
Quoting strat
{quote} But you understand those on GBPCAD - right?
yes I do I believe. although if you notice my entries are pretty simple. yours are more advanced and I guess I lack experience and confidence to enter on most of those that you highlight.
I am still in the phase where I enter once and try to exit at the best spot ( at least not getting scared and close too early)
  • #9,940
  • Jan 22, 2019 9:48am Jan 22, 2019 9:48am
Quoting strat
{quote} Then go some place else to gossip! This is MY thread and I will behave how """I"" want!
Alright, good luck then with your ego. Interesting to see that success in trading does not mean the person has grown as a whole ... will not talk to you again or ask here, so please do not respond again and spare us a discussion.
Fix up, trade sharp ...
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