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Strat's PASR Long Term, Stress Free Trading

  • #9,981
  • Jan 23, 2019 12:13pm Jan 23, 2019 12:13pm
Quoting Malu
GBP NZD M5 Trend Trading Was on the wrong side this morning. Closed that trade (see blue arrows)with a small loss and opened the position in the other direction. Closing was when SR was reached. {image} EUR JPY M5 Trend Trading Just +15 pips, but still good for practise. {image} Greetings, Markus.
Good Markus but why didn't you get out on the HAMMER at support?

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More food for thought, Markus:

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,982
  • Jan 23, 2019 1:20pm Jan 23, 2019 1:20pm
Quoting bistolis
{quote} This is my take on it. Trying to not let hindsight get in the way {image} lately the spread for this with my broker is 5-6 pips but the range is sweet {image} No1 is so close to the top m5 resistance that someone could actually just close everything (meaning the last 3 arrows) there and theoretically all this will account to: 60-62pips (not counting my spread of 5pips , it would be 85pips for 5 positions) EDIT: this is what I use to pick the top 5-10 charts, and usually the list is the same. GBP has the biggest range {image}
Thanks Bistolis, GBPNZD has about a 3 pip spread on my broker during London, and the range is fantastic. If I can get the hang of this "price action trading" I can see the potential for a couple of hours work.

I Hope someone got to ride the 100+ pips back up after I was done!
  • #9,983
  • Jan 23, 2019 3:29pm Jan 23, 2019 3:29pm
Quoting strat
{quote} ""X"" marks the spot! {image}
Good, Yes in there i close one position and the others where i already point it.

Thank you Strat for ur guidance.
  • #9,984
  • Jan 23, 2019 3:40pm Jan 23, 2019 3:40pm
Quoting strat
{quote} HT, you remind me so much of myself in my informative years. I used to do the same thing - trade everything I could find to get the practice and experience - that is, until I drove myself crazy not knowing which end is up and eventually disappearing up my own chuff! If doing this builds your experience with PASR then go for it. It didn't work for me and I ended up focusing ONLY on ""Sore Thumb"" set ups. How you get your PASR experience is up to you and not what others think so work on what is working best for you. You also might want to...

I believe that is working for me. But only the time and my balance is going to tell the truth in the future.

I dont know if is my "english" or maybe i have some problems about the ""Sore Thumb"

I Dont get it what means "Sore Thumb", already check in the past on the Thread about of "Sore Thumb", The Charts... images in google and i just dont see the similar of "Sore Thumb". When i was studyng what means "Sore Thumb" I just check that is the PASR like BEEB or BUEB. Price with nice body making new lows or new highs from the candle before.


The Good thing is i believe my entries are going better and im cutting my losses fast and let the winners run... with a plan for the exists... But i need to improve my exit skills. Anyway checking my notes how im doing today and last year... And my skills have been incrased. Thank you.
  • #9,985
  • Jan 23, 2019 11:56pm Jan 23, 2019 11:56pm
Quoting Suran
Chart analysis USDCAD BIGBOSS- Weekly In a bullish uptrend PRICE found support at Strat shadow and previous S/R level.PRICE still inside weekly control candle. continuing its bullish move. {image} BOSS Confirmed swing low. Came out of Strat shadow in a up swing. Bulish {image} WORKER- H4 PRICE in a clear HH,HL uptrend. Found support at Strat shadow,200 and S/R level . Gives BUEB. look for reaction at WCC resistance. {image} what say you ? Suranga P.S. Edit, typo. H4 BUEB is my entry
Solid analysis. I am going to see what the end of week candle looks like and look for an entry long on the worker chart.

Quoting Malu
GBP NZD M5 Trend Trading Was on the wrong side this morning. Closed that trade (see blue arrows)with a small loss and opened the position in the other direction. Closing was when SR was reached. {image} EUR JPY M5 Trend Trading Just +15 pips, but still good for practise. {image} Greetings, Markus.

Nice work! I see you took the ride back up on GBPNZD after I went to bed. Don't see anything I would do differently on that chart.

Quoting Suran
Hell .. I was in this trades ,But they just running with out me.. That's what you call learning.. GBPJPY {image} EURGBP {image} May be next time
Noticed I missed the GBPJPY trade. Nice clear entry on it too.

Quoting strat
{quote} bistolis has provided valuable feedback, Ben. My comment is keep doing it because you are getting better each time you do this.
Noted, thanks.
Quoting HappyTrend
{quote} I believe that is working for me. But only the time and my balance is going to tell the truth in the future. I dont know if is my "english" or maybe i have some problems about the ""Sore Thumb" I Dont get it what means "Sore Thumb", already check in the past on the Thread about of "Sore Thumb", The Charts... images in google and i just dont see the similar of "Sore Thumb". When i was studyng what means "Sore Thumb" I just check that is the PASR like BEEB or BUEB. Price with nice body making new lows or new highs from the candle before. The...
Sore thumb trades are ones that really stand out. If you think about if you hit your thumb with a hammer you'd know about it, it stands out. That's what we're looking for in trades, ones that stand out like the dogs proverbials.
  • #9,986
  • Jan 24, 2019 12:29am Jan 24, 2019 12:29am
Quoting bistolis
{quote} sorry but I dont understand anything on your chart you need to be more specific and highlight at least something, not everything
today my entry before london if i m wrong get out from trade, three top and price will sliding down its just learning and practice phase
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  • #9,987
  • Edited 1:12am Jan 24, 2019 12:59am | Edited 1:12am
Quoting HappyTrend
{quote} I believe that is working for me. But only the time and my balance is going to tell the truth in the future. I dont know if is my "english" or maybe i have some problems about the ""Sore Thumb" I Dont get it what means "Sore Thumb", already check in the past on the Thread about of "Sore Thumb", The Charts... images in google and i just dont see the similar of "Sore Thumb". When i was studyng what means "Sore Thumb" I just check that is the PASR like BEEB or BUEB. Price with nice body making new lows or new highs from the candle before. The...
Hi HT,

regarding "Sore Thumbs": here is an example from my charts (post 9030 and following with an answer from Strat).
Hope that helps.
Greetings, Markus

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  • #9,988
  • Jan 24, 2019 1:02am Jan 24, 2019 1:02am
Quoting badeel
{quote} today my entry before london if i m wrong get out from trade, three top and price will sliding down its just learning and practice phase {image}
As I also trade the London session I would recommend to wait for the opening before taking a position.
  • #9,989
  • Edited 5:28am Jan 24, 2019 2:18am | Edited 5:28am
Quoting strat
{quote}More food for thought, Markus: {image}
Thanks Strat. I got the point. When I look at your charts it is so clear and makes totally sense. But I didn't see it when I had the position (to be honest). Guess over time and spending more hours watching charts I will see it, too. Hopefully.
  • #9,990
  • Jan 24, 2019 2:37am Jan 24, 2019 2:37am
Watch for possible periscope setup GBPAUD.
Focus, Patience, Discipline, Determination and Perseverance
  • #9,991
  • Jan 24, 2019 2:39am Jan 24, 2019 2:39am
Seems good opportunity on GN M15
Nice hummer with uptrend boss
TP around double top

GA M15 looks nice also
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  • #9,992
  • Jan 24, 2019 2:42am Jan 24, 2019 2:42am
Quoting badeel
{quote} today my entry before london if i m wrong get out from trade, three top and price will sliding down its just learning and practice phase {image}
You should wait for London open if you can trade it, the European session frequently get reversed, and London has the most liquidity to trade.
  • #9,993
  • Jan 24, 2019 3:07am Jan 24, 2019 3:07am

GBPNZD M1 bootcamp 24/1/2019


1. Got to the computer half an hour after london open. , nice big bullish bar, although with a wick at the top.

2. Bullish bar punches through resistance.

1&2 exit at bearish outside bar at resistance.

3. Small hammer at bottom of consolidation. Close above 200ema, stop near next support.

4. Better hammer off what would be the strat shadow, same stop as previous.

3&4 stopped out.

Lasted maybe 30 minutes.

Honestly it's too damn hot. I'm going to sit in front of a fan and melt. It's still sitting on 32 degrees centigrade at 8PM at night and meteorological report says and overnight low of 29.
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  • #9,994
  • Jan 24, 2019 3:38am Jan 24, 2019 3:38am
Quoting badeel
{quote} today my entry before london if i m wrong get out from trade, three top and price will sliding down its just learning and practice phase {image}
I have to say well done
  • #9,995
  • Jan 24, 2019 4:50am Jan 24, 2019 4:50am
Quoting bistolis
{quote} I have to say well done
Finally start building after wait of 3 hrs
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  • #9,996
  • Jan 24, 2019 5:23am Jan 24, 2019 5:23am
Quoting badeel
{quote} Finally start building after wait of 3 hrs {image}
I would help, if could mark the candles that caused your entry and exit. Without these it is hard to understand what you are doing.
Is there a reason that there are not SR-lines on your chart?
  • #9,997
  • Jan 24, 2019 5:47am Jan 24, 2019 5:47am
Closed GN m15 at BE after BEOB
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  • #9,998
  • Jan 24, 2019 6:14am Jan 24, 2019 6:14am
GA m5 closed after pin on resistance

Guys, i new to this thread, if i'm wrong, will be great to recieve advice
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  • #9,999
  • Edited 8:23am Jan 24, 2019 6:15am | Edited 8:23am
Quoting HappyTrend
{quote} I believe that is working for me. But only the time and my balance is going to tell the truth in the future. I dont know if is my "english" or maybe i have some problems about the ""Sore Thumb" I Dont get it what means "Sore Thumb", already check in the past on the Thread about of "Sore Thumb", The Charts... images in google and i just dont see the similar of "Sore Thumb". When i was studyng what means "Sore Thumb" I just check that is the PASR like BEEB or BUEB. Price with nice body making new lows or new highs from the candle before. The...
while echoing what rub said about sore thumb trade...

those are the trades just stands out. just by looking at the chart you feel like jumping in. no need to analys type trade(but still you have to). that's what I understood about A++ trades.Also known as ATM trades.

Its not only about the shape of the Bar. its about complete package. Shape of the bar, the place its in, S/R levels,Trend structure..etc..

example chart by Strat (I marked what I see as Sore thumb trade.)
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Suranga



@ Ali, this is also for you
Quoting Ali.J
{quote} ..
Focus, Patience, Discipline, Determination and Perseverance
  • #10,000
  • Jan 24, 2019 6:42am Jan 24, 2019 6:42am
Quoting makron
GA m5 closed after pin on resistance Guys, i new to this thread, if i'm wrong, will be great to recieve advice {image}
Hi
start comparing and studying charts

Take a long look at the below chart and your chart, obeserve and compare
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