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  • #10,821
  • Mar 11, 2019 10:16am Mar 11, 2019 10:16am
Quoting witowito
{quote} For the m5 bootcamp u need to look at H1 as big boss and m15 as boss? so u take the m5 as worker? or in this intraday move u just consider PA and the trend for that certain time frame and look for new higher high or lower low(down trend) as TP with stop loss below/above last swim? Sorry for my question i readed ur website but found that it was for weekly,daily. TF and now i see there is something new for m5 i guess. Thnks in advance for ur time and the lovely thread
Hi witowito, other people already gave you great answers, but as this is a point where I also had doubts I suggest you check Strat`s posts #10718 and #10710 on this thread. Most importantly, read from page one of original thread by Strat, you can find it at the first post of this thread)

If my understanding is correct, M1/M5 boot camp (+ f12 exercise on other time frames) is for bettering your PASR skills, and is better done firstly on consolidation. I'm also at this stage, and the recommendation to learn basic PASR on a range is really helping me.

The M5 trades posted above are (mostly) trend following, an advanced strategy developed by Strat that looks at H1 and H4 only for support/resistance and trades TREND PASR on M5. It should not be used until one has thousands of hours of experience.

hope it helps

best
peter
  • #10,822
  • Edited 1:13pm Mar 11, 2019 10:17am | Edited 1:13pm
M5 Asian Trading

Quoting Rub
Now for something a little different, being a public holiday here. I've been looking at the 5 minute charts for yen pairs after I get home from work, and there looks to be the possibility of trading the Tokyo session successfully. I'm planning on trading the first couple of hours after open and see how I do. GBPJPY 5 minute boot camp 11-mar-2019 Tokyo open 1. Clear entry away from the strat shadow. Closed at support (2) 2. Long wick at support, closed on the next candle, but should've closed on the first. 3. Test of the shadow again, clear entry....
there looks to be the possibility of trading the Tokyo session successfully

Be very, VERY careful if you do this, Ben!

While there was a 112 pip range in Asia trading today, it is not always so, more like 25 to 50 pips. Go back and study more charts.

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EDIT:

Ben, here is my most VOLATILE pair in Asian Trading this morning - an anemic 40 pips range - don't do it, Ben!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,823
  • Mar 11, 2019 10:20am Mar 11, 2019 10:20am
EURNZD M5 PASR Trend Trading

Quoting strat
EURNZD M5 PASR Trend Trading Correction: Snail racing in the rain! {image}
Update:

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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,824
  • Mar 11, 2019 10:20am Mar 11, 2019 10:20am
Quoting strat
M5 Asian Trading {quote} there looks to be the possibility of trading the Tokyo session successfully Be very, VERY careful if you do this, Ben! While there was a 112 pip range in Asia trading today, it is not always so, more like 25 to 50 pips. Go back and study more charts. {image}
There was an article on FF today saying how better FX trading on Asian hours is.
Having spent countless nights trying to trade FX, I can assure you it is a total waste of sleep and capital.
No matter what happens during Asian hours is either going to fade on London time or price will revisit levels that will give traders who slept a good opportunity to take that same trade and with liquidity this time
  • #10,825
  • Mar 11, 2019 10:21am Mar 11, 2019 10:21am
Quoting strat
EURNZD M5 PASR Trend Trading {quote} Update: {image}
You seem to like snails, are you sure you are not French?
  • #10,826
  • Mar 11, 2019 10:22am Mar 11, 2019 10:22am
Quoting strat
EURJPY {quote} For now, nothing special to do, waiting for price action Waiting for PASR not just ""price action"" - price action happens every TICK! {image}
That's right the markets are constantly on the move, (except the weekend) I should rather say "Waiting to see a sore thumb "
  • #10,827
  • Mar 11, 2019 10:23am Mar 11, 2019 10:23am

10 YEAR ANNIVERSARY OF PASR ON FOREX FACTORY


Quoting Corinna
{quote} Strat, you are a hero! Thumb up to you.
Strat, you are a hero! Thumb up to you.

Thank you, Corinna but I'm not a ""hero"" - heroes save lives and I have not done that, but thanks anyway.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,828
  • Mar 11, 2019 10:24am Mar 11, 2019 10:24am
Quoting strat
GBPJPY {quote} Good but wait for the PASR to show us clues, ..............................PASR traders do not trade ""clues"". PASR traders FOLLOW in the footsteps of the Big Boys so we WAIT for their footsteps - look for the footstep on the Big Boss. {image}
January's hammer is one of bull's footsteps
  • #10,829
  • Mar 11, 2019 10:24am Mar 11, 2019 10:24am
Quoting darko2010
{quote} You seem to like snails, are you sure you are not French?
sacre bleu, mon ami!
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,830
  • Mar 11, 2019 10:25am Mar 11, 2019 10:25am
Quoting strat
M5 Asian Trading {quote} there looks to be the possibility of trading the Tokyo session successfully Be very, VERY careful if you do this, Ben! While there was a 112 pip range in Asia trading today, it is not always so, more like 25 to 50 pips. Go back and study more charts. {image}
Hi

rarely there is a good chance on the asian session. usually it is ranging like the following:

30pips or so
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  • #10,831
  • Mar 11, 2019 10:33am Mar 11, 2019 10:33am
GBPAUD M5 BASIC PASR

Quoting landax
GPB/AUD M5 {image} I just took this exchange, right after the stratshadow shooting star, I probably closed too early, but I wanted to protect this performance that’s decent. The risk was low relative to rewards. This is what is appreciable with M5, just choose the best configuration. However this exchange is winning but when I take a failure I will show it to you too. The R:R was 1:6, I took 48 Pips, and what I find pretty crazy is that when you risk 1%, you can lose them (and you accept it) but above all you can earn 6% in a few minutes. I want...
Excellent, well done, landax

Text book M5 PASR trading!

Sore thumb entry

peanut Stop Loss

Huge Profit

Plus you exited at exactly the right place and did not get fooled by the London Big Boys on their Stop Run

Great job, landax - more please!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,832
  • Mar 11, 2019 10:39am Mar 11, 2019 10:39am
GBPAUD M5 BASIC PASR

Quoting landax
Loser {image} I'm re-entering, after the shooting star and I got stopped. Do you think my add was bad?
Do you think my add was bad?

Yes, PRICE put in a DOUBLE BOTTOM!

PASR traders would only enter short after a CLOSE below that DOUBLE BOTTOM

So the London Big Boys fooled you into going short and took your money!
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,833
  • Mar 11, 2019 10:42am Mar 11, 2019 10:42am
Quoting strat
GBPAUD M5 BASIC PASR {quote} Do you think my add was bad? Yes, PRICE put in a DOUBLE BOTTOM! PASR traders would only enter short after a CLOSE below that DOUBLE BOTTOM So the London Big Boys fooled you into going short and took your money!
My stop loss which was the least, made that the loss is not serious compared to the gains of the first trade!

Thanks for your comment, I had actually not seen this double bottom
  • #10,834
  • Mar 11, 2019 10:43am Mar 11, 2019 10:43am
EURNZD M5 PASR Trend Trading

Quoting strat
EURNZD M5 PASR Trend Trading {quote} Update: {image}
UPDATE:

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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,835
  • Edited 1:19pm Mar 11, 2019 10:45am | Edited 1:19pm
M5 PASR Trading

Quoting landax
{quote} My stop loss which was the least, made that the loss is not serious compared to the gains of the first trade! Thanks for your comment, I had actually not seen this double bottom
My stop loss which was the least, made that the loss is not serious compared to the gains of the first trade!

Exactly! This is the BEAUTY of my M5/M1 PASR Trading:

VERY SMALL STOP LOSS

NO DRAW DOWN!

HUGE PROFITS
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,836
  • Mar 11, 2019 10:48am Mar 11, 2019 10:48am
Quoting Fxentropy
{quote} I was biased short.....since last week....and my brain havent did the reset over weekend i guess... lol
I was biased short.....since last week....and my brain havent did the reset over weekend i guess...

That surprises me - I didn't think you would have a weekly bias

I start each day with a NEUTRAL bias and let the currencies (Big Boys) show me THEIR bias.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,837
  • Mar 11, 2019 10:50am Mar 11, 2019 10:50am
Quoting strat
GBPAUD M5 BASIC PASR {quote} Do you think my add was bad? Yes, PRICE put in a DOUBLE BOTTOM! PASR traders would only enter short after a CLOSE below that DOUBLE BOTTOM So the London Big Boys fooled you into going short and took your money!
OK, fair enough, but unless you have 30 years of trading, the double bottom is clearly visible on M1 only, not so much on M5...
There are similar looking "double bottoms" that however continue in the direction of the trend, am I wrong? Not trying to argue but looking to learn.
Now that I saw that, I am afraid I will see double bottoms everywhere in trends, no pun intended
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  • #10,838
  • Edited 11:04am Mar 11, 2019 10:51am | Edited 11:04am
USDCAD H1

Quoting darko2010
USDCAD H1 Baby steps back into the arena... 30 pips {image}
On THE PATH again

Now THIS TIME..............................STAY on it and don't be distracted AND practice GOOD MONEY MANAGEMENT!
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,839
  • Mar 11, 2019 10:57am Mar 11, 2019 10:57am
Could this trade be a good trend trade?
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  • #10,840
  • Mar 11, 2019 11:02am Mar 11, 2019 11:02am
GBPAUD M5 BASIC PASR

Quoting darko2010
{quote} OK, fair enough, but unless you have 30 years of trading, the double bottom is clearly visible on M1 only, not so much on M5... There are similar looking "double bottoms" that however continue in the direction of the trend, am I wrong? Not trying to argue but looking to learn. Now that I saw that, I am afraid I will see double bottoms everywhere in trends, no pun intended {image}
the double bottom is clearly visible on M1 only, not so much on M5...

Arno.................HOW MUCH clearer do YOU need it to be?

It is SORE THUMB PASR on M5 and M15 - even my one legged, blind, deaf and dumb old man with asthma could SEE that!

Worse still .................it is NOT as clear on M1

Back on THE PATH, Arno BEFORE you do MORE $ DAMAGE!

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15 YEARS OF PASR ON FOREX FACTORY!
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