Strat's PASR Long Term, Stress Free Trading

Quoting Szpons

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Now I have Platinium on my radar, Take a look where price is now from BIG BOSS perspective - an old support {image} Watch the recent reaction on BOSS {image} Now I'm looking for a pullback on WORKER to invite me for a ride {image} Also observe how price behaved near 200 EMA

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Quoting Scrumy

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{quote} Hello Strat and fellow students. This seems to be a Basic PASR Trade on M5, correct? According to this post https://www.forexfactory.com/showthr...7#post11564227 Strat said to bistolis "There is NO TREND and we don't trade Basic PASR on M5". So by just checking Strat's chart, the Trend is down, according to Strat Shadow. Considering the Swings, he entered on a confirmend Swing Low. This Swing was a Higher Low as well. {image} This leads to my question: is it just NOT recommended for beginners to trade Basic PASR...

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Quoting Scrumy

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{quote} Hello Strat and fellow students. This seems to be a Basic PASR Trade on M5, correct? According to this post https://www.forexfactory.com/showthr...7#post11564227 Strat said to bistolis "There is NO TREND and we don't trade Basic PASR on M5". So by just checking Strat's chart, the Trend is down, according to Strat Shadow. Considering the Swings, he entered on a confirmend Swing Low. This Swing was a Higher Low as well. {image} This leads to my question: is it just NOT recommended for beginners to trade Basic PASR...

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Quoting Fxentropy

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Hunting one pair, acting without mercy when the time comes is one of the keys to success (but not the only one). {image} {image}

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Quoting LuisRicardo

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{quote} Ride to where? What you can do here is take the line that I marked blue as a target or wait to touch that line and trade short on lower TF {image}

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Quoting LuisRicardo

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{quote} What I see that bistolis doing is trading H1 with the change of volatility on M5. In the strat M5 chart is clear the volatility with clear M5 SR.

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Quoting Szpons

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Now I have Platinium on my radar, Take a look where price is now from BIG BOSS perspective - an old support {image} Watch the recent reaction on BOSS {image} Now I'm looking for a pullback on WORKER to invite me for a ride {image} Also observe how price behaved near 200 EMA

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Quoting strat

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{quote} A Maestro at work! XTIUSD is West Texas Crude which my broker does not have. I have World Crude and Brent Crude which are very similar BUT, after my losses on the greasy smelly stuff back in my Futures and Commodity trading days in the early 90s, I don't pay any attention to them - maybe I should now. My pip count though, for the same WTI/Brent total move as your XTI is only a fraction of what your chart shows - what gives? Since you are also trading DAX, is this on a Futures account or a Forex broker? Show us more, thanks!

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Quoting strat

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{quote} is it just NOT recommended for beginners to trade Basic PASR on M5 or what exactly is the difference between this post now and the post back then from bistolis? My early M5 PASR trading postings were purely TREND TRADING - trading pull backs to the New York CONTINUATION of the TREND set by London. Because of the limitation of my time zone and personal circumstances, I did not get to my computer until 7:30 am Pacific Standard Time. By this time, (10:30 am New York), volatility had died down leaving little or no trend for me to trade. I encouraged...

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Quoting strat

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{quote} Be very careful! I lost $thousands trading the shiny stuff (gold, silver and platinum) when I traded Futures and Commodities in the 90s (albeit without PASR in those days). There is a lot of overhead resistance on the Big Boss which will likely cause volatility meaning get in and out of swings quick. {image}

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Quoting huatzhi

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M5 Bootcamp {image} (A) High of the consolidation (B) Close above this start the trend (C) Double bottom formed, don't even think about selling (D) Hammer that show price will be going higher (1) BUEB, the first candle when I scan the chart, entry long (2) BEOB, if price get lower, could be trend ending (3) Trend make a sharp upward movement, often a sign of temporally consolidation/ranging coming (4) A shooting star-ish doji with BEEB price retest the previous high, and able to get back to the same area where resistance is found, so is still fine....

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Quoting Fxentropy

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"I made all my money by getting out too soon." - JP Morgan Yeah, me too. I should hold more on some trades but really cant. I left on the table around +100 more pips....well....no hard feelings. {image} {image} {image} {image}

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Quoting strat

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{quote} I do that all the time but I only need to make so much each day so, when that is reached, I leave the rest for others and enjoy my life. Plus.................. It is much easier to make $100 ten thousand times than make $1 million in one time!

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