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Strat's PASR Long Term, Stress Free Trading

  • #10,861
  • Mar 11, 2019 5:39pm Mar 11, 2019 5:39pm
USDJPY

Quoting dashurry
{quote} OK Scrumy - about the Big Boss...for me the Price is between the 2MAs showing me price indecision but since the 50MA is above the 20MA and Price coming recently from under both MAs he is talking Bearish. Boss and Worker not aligned with Big Boss. {image} On monday it looked like a Doji and now we went back down to 50% of the last week candle but we opened with a gap. Could this be a weekly correction? lets see what happens. March 1. - i'm concerned about the price distance between MA20 band, 125,7 Pips difference between them, could this...
There are no descriptions on your chart to tell us which time frame it is for.

about the Big Boss

Compare your Big Boss with mine paying particular attention to my SR levels

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On Monday it looked like a Doji and now we went back down to 50% of the last week candle but we opened with a gap.

March 1. - i'm concerned about the price distance between MA20 band, 125,7 Pips difference between them, could this trigger the 'elastic band' effect?

This level of detail is not how we trade PASR.

Could this be a weekly correction? lets see what happens.

We ALWAYS see what happens

big dump down after bad fundamentals.

How do you know? Fundamentals have nothing to do with PASR trading as they are ALREADY factored into PRICE by the Big Boys which is why the Strat Shadow is almost always set up to trade the direction of so called fundamentals.

You have a strange way of looking at charts. Stand back and put yourself in the shoes of a Big Boy trading $millions and understand they are looking at things differently

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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,862
  • Mar 11, 2019 5:43pm Mar 11, 2019 5:43pm
PASR

Quoting Francl
Hi Strat and felow traders I am out of the thread and also from my path since begining of February. I changed my job and I am full busy (also with my privat life) and when I finish the day I am so tired that really can't study this "one eyed monster"... .....so my progres is stalled. When I will manage my shedule I will continue with the path. I wish good trading to all Igor
Sorry to hear that, Igor but don't forget "All work and no play makes Jack a dull boy" - make TIME to enjoy your LIFE - it may end tomorrow!

LIVE your life like today is your LAST day in this wonderful place.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,863
  • Mar 11, 2019 5:49pm Mar 11, 2019 5:49pm
GBPJPY H4

Quoting landax
{quote} I’m just updating this chart to highlight the hammer/doji that was installed on the 144.106 bracket that I had previously traced. {image} I did not enter this trade because I was not present but if I had to do so my plan would have been to put a buy stop on hold above the 200 EMA, my stop loss would have been under the Hammer/doji which is my setup candle and my take profit would have been just below the stratshadow
my plan would have been to put a buy stop on hold above the 200 EMA, my stop loss would have been under the Hammer/doji which is my setup candle and my take profit would have been just below the strat shadow

Good but why not TP at the top, or at least, below, those Shooting Stars/Dojis?
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,864
  • Mar 11, 2019 11:49pm Mar 11, 2019 11:49pm
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} EDIT: Ben, here is my most VOLATILE pair in Asian Trading this morning - an anemic 40 pips range - don't do it, Ben! {image}
Well, I'm looking at it as Tokyo opens about my mid morning to lunch time. IF I could pick up some pips on it in the first couple of hours after open, similar to what you do at the start of your day that'd be fantastic, but that's a long way off seeing I'm not even picking up pips consistently during London! Keeping an open mind.

Quoting landax
I have been asking myself a question about money management for some time: It is often said that the big money lies in long-term time frame. However, if we always risk 1% in the long term as a short term, and we always take a risk: Reward of 1: 3 at least, the M5 pays as much as the daily? Because on M5, since the stop loss is very tight, the position size is bigger while the stop loss daily is wider so the position is smaller. Example: $30 is my risk of 1% of my trading account. On M5 for a stop loss at 10 Pips, I will take a position of 0.3. On...
You are limiting yourself if you have a fixed take profit like that. Quite regularly M5 will give the potential of 6 or 8:1 trades from your initial entry, more if you add on. You have to find the style of trading that suits YOU, watching the screen for hours, or checking it once and walking away, what works for you.
  • #10,865
  • Mar 12, 2019 3:42am Mar 12, 2019 3:42am
Job done.....almost.

Now shorting pound should be the main theme
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"What would you attempt to do, if you knew your success was a certainty?"
  • #10,866
  • Mar 12, 2019 3:42am Mar 12, 2019 3:42am
Quoting Rub
{quote} Well, I'm looking at it as Tokyo opens about my mid morning to lunch time. IF I could pick up some pips on it in the first couple of hours after open, similar to what you do at the start of your day that'd be fantastic, but that's a long way off seeing I'm not even picking up pips consistently during London! Keeping an open mind. {quote} You are limiting yourself if you have a fixed take profit like that. Quite regularly M5 will give the potential of 6 or 8:1 trades from your initial entry, more if you add on. You have to find the style...
Yes of course, the ration: Reward 1:3 was just for my example to be simpler, yes it is sure that M5 allows to do more in terms of earnings compared to the risk!
I even feel that it's too good to be true aha
  • #10,867
  • Mar 12, 2019 3:48am Mar 12, 2019 3:48am
Well......that was a GIFT to me

££££
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"What would you attempt to do, if you knew your success was a certainty?"
  • #10,868
  • Mar 12, 2019 4:17am Mar 12, 2019 4:17am
Quoting Fxentropy
Well......that was a GIFT to me ££££ {image} {image}
Nice trades you got there
But as i‘m still reading in the first thread and trying to study charts for at least a little of time each day, i do not understand all of your entries, could you maybe explain me your reasons for entry?
I would really apprecciate that!

Have a nice day
https://twitter.com/BeauBuyer
  • #10,869
  • Edited 4:48am Mar 12, 2019 4:37am | Edited 4:48am
Quoting ixam23
{quote} Nice trades you got there But as i‘m still reading in the first thread and trying to study charts for at least a little of time each day, i do not understand all of your entries, could you maybe explain me your reasons for entry? I would really apprecciate that! Have a nice day
Keep reading...it will come to you!

It's a very good thread mate!

Basic PSAR trades.
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"What would you attempt to do, if you knew your success was a certainty?"
  • #10,870
  • Mar 12, 2019 4:41am Mar 12, 2019 4:41am
Quoting Fxentropy
{quote} Keep reading...it will come to you! It's a very good thread mate! Basic PSAR trades. {image} {image} {image} {image}
I am always when i got enough time

but did you enter exactly where those horizontal arrows are?
Because i do see most PA candles after the close of them
https://twitter.com/BeauBuyer
  • #10,871
  • Edited 5:15am Mar 12, 2019 5:04am | Edited 5:15am
Quoting ixam23
{quote} I am always when i got enough time but did you enter exactly where those horizontal arrows are? Because i do see most PA candles after the close of them
Arrows are my entry's. The indicator plot them on the chart when a trade is closed.

Just study what Strat have to say on his whole thread....like said, it will come to you. Each trader has his own skill and his own style, as once you will have yours too. Take what is the basis of this system and add your input on top of it(if you can improve something). *
But the system is good as it is. Don't try to fix it looking at other traders (like me) coz you can break it.
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"What would you attempt to do, if you knew your success was a certainty?"
  • #10,872
  • Mar 12, 2019 6:12am Mar 12, 2019 6:12am
Longtime since I have had something like this.....this is scalpers paradise.
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"What would you attempt to do, if you knew your success was a certainty?"
  • #10,873
  • Mar 12, 2019 6:14am Mar 12, 2019 6:14am
Quoting Fxentropy
Longtime since I have had something like this.....this is scalpers paradise. {image} {image} {image} {image}
jackpot today. I like how you enter the trades

Quoting ixam23
{quote} I am always when i got enough time but did you enter exactly where those horizontal arrows are? Because i do see most PA candles after the close of them
this method doesnt need any improvements. it is the simplest profitable method you can get ( and on top it is for free )
you just have to adjust it to your personal trading style.
you can always find enough time to study. it is up to you to put priorities in your life
  • #10,874
  • Mar 12, 2019 6:33am Mar 12, 2019 6:33am
Quoting strat
GBPJPY H4 {quote} my plan would have been to put a buy stop on hold above the 200 EMA, my stop loss would have been under the Hammer/doji which is my setup candle and my take profit would have been just below the strat shadow Good but why not TP at the top, or at least, below, those Shooting Stars/Dojis?
Because the bottom of the Stratshadow has a psychological effect of resistance for me, dynamic resistance
  • #10,875
  • Mar 12, 2019 7:12am Mar 12, 2019 7:12am
I wanted to share with you, a psychological fact of MT4 that acts on me: I will show you the M5 trend, yesterday on GBPCAD, which was passing, a trend in saw tooth.

On the first photo, we have an entry point with this bueb to the Stratshadow. In view of our painting at this time, we see that the price is already high and that one is probably in the end of the trend.

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Except that it is not, on the second picture, we see my entry point, the trend is beautiful, and the entry point is very good.
What I mean is that when we negotiate live, the display of MT4 can influence us negatively by showing us huge price movement, which from a different angle, are not so big.

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Hoping I'm pretty clear on what I want to show
  • #10,876
  • Mar 12, 2019 7:17am Mar 12, 2019 7:17am
Quoting Scrumy
{quote} That is absolutely correct, the bigger the stop, the smaller the position. And this is also the reason, that you need a bigger account to trade larger time frames. Imagine you have a 500 EUR account, and you want to trade the Boss on GBPNZD with a imaginary SL of 500 pips. The smallest lotsize is 0.01 Lots. Then you risk already 30 EUR, which are just 6 percent of your total account - way too much. The short term time frames offer bigger Reward to Risk Ratios. But as I got the impression (on my very short trader's life), that on the shorter...

Thank you for your response Scrumy, much appreciated.

Yes of course, all this is depending on the risk management of each. Use a risk of 0.5% or less on M5 and add with add-on can be a choice.
But I find that if one specializes on M5, for example just the London session, so without having the monster in the eye, it is possible logically, to have excellent result with this method. It is possible to make 2-3% of growth daily with a lot of experience.
  • #10,877
  • Edited 8:48am Mar 12, 2019 7:23am | Edited 8:48am
Quoting landax
I wanted to share with you, a psychological fact of MT4 that acts on me: I will show you the M5 trend, yesterday on GBPCAD, which was passing, a trend in saw tooth. On the first photo, we have an entry point with this bueb to the Stratshadow. In view of our painting at this time, we see that the price is already high and that one is probably in the end of the trend. {image} Except that it is not, on the second picture, we see my entry point, the trend is beautiful, and the entry point is very good. What I mean is that when we negotiate live, the...
That is just the HARD RIGHT EDGE. Like jmn5611 once said in this post:

Quote
There is a concept in trading called the Hard Right Edge. Trade there. The Big Boss and Boss prevent the need to look left. When the worker turns into the direction of the BB and B just pull the trigger. Remember to avoid pullbacks that will corrupt the strat shadow. It is not hard. You are over thinking it.


This is what I need to LEARN and MASTER as well, pulling the trigger when everything is aligned, without fear and accepting the risk involved. The probabilites are then on our side and it then depends on the Trade Management what you can get from the market.

Edit: we should also consider Strat's reponse to the above quote
Quote
As for "The Big Boss and Boss prevent the need to look left", you will have to ask the poster to explain what he means. For me, I am ALWAYS looking left, even when I have all my support and resistance levels on the chart.
Accept the risk!
  • #10,878
  • Mar 12, 2019 7:57am Mar 12, 2019 7:57am
Quoting landax
I wanted to share with you, a psychological fact of MT4 that acts on me: I will show you the M5 trend, yesterday on GBPCAD, which was passing, a trend in saw tooth. On the first photo, we have an entry point with this bueb to the Stratshadow. In view of our painting at this time, we see that the price is already high and that one is probably in the end of the trend. {image} Except that it is not, on the second picture, we see my entry point, the trend is beautiful, and the entry point is very good. What I mean is that when we negotiate live, the...
I know that problem too well.
My remedy, when I can is to accept that price goes from H1/H4 S to R, or vice versa.
If you had looked at H1 S/R on GBPCAD, maybe it could have helped.
Easy to say, harder to execute.
I hope it helps
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  • #10,879
  • Edited 8:28am Mar 12, 2019 8:14am | Edited 8:28am
M5 PASR Trend Trading

Quoting Fxentropy
Longtime since I have had something like this.....this is scalpers paradise. {image} {image} {image} {image}
Magic! If only London would leave something for us!

Look at the mess they left us with:

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I imagine the New York Big Boys feel the same way so I will just sit here and PATIENTLY wait for them to make their move.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,880
  • Edited 8:55am Mar 12, 2019 8:28am | Edited 8:55am
PASR

Quoting ixam23
{quote} Nice trades you got there But as i‘m still reading in the first thread and trying to study charts for at least a little of time each day, i do not understand all of your entries, could you maybe explain me your reasons for entry? I would really apprecciate that! Have a nice day
i do not understand all of your entries,

Don't get hypnotised by our M1/M5/M15 trading - LEARN PASR first.

FXEntropy has a different trading style to mine - he sees scalping opportunities which I have no interest in. I prefer Basic PASR, Swing PASR and Trend PASR which he also trades BUT, it is all PASR! In addition, he is a very experienced trader.

The geographical Session you are available to trade also makes a BIG difference! Look at poor Rub - he has the anemic Asian Session, I have the US Session with the crumbs left over from London. Those in Europe are sat on a GOLD MINE when trading PASR. The point is - you can ONLY trade what the Market gives you - try and trade what you think, hope and pray for and you will blow your account faster than Stormy Daniels!

Forget M1/M5/M15 trading until you can master ALL types of PASR
15 YEARS OF PASR ON FOREX FACTORY!
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