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Strat's PASR Long Term, Stress Free Trading

  • #10,961
  • Mar 13, 2019 1:13pm Mar 13, 2019 1:13pm
Quoting strat
PASR {quote} Cameron, if you want my input you will have to post the chart. Thanks.
ok Strat, i see bistolis has posted the chart already. ill remember next time.

@bistolis. thank you.

Quoting strat
PASR {quote} This determines your understanding of PASR and your ""style"" of trading.
my trading style needs lots of fine tuning then as this is where i want to be.
Quoting strat
PASR {quote}#2 will get you there safe and sound as long as you FOLLOW the Big Boys and don't try to guess, pre-empt or lead them.
your guidance is appreciated. aggressive trading is not where i want to be. i have been practising dropping down a timeframe to look for an entry. when i first came on to The Path and started reading J16's thread for PA. he used to talk about this. i looked on in total bemusement. "how the hell does he do that" i used to say....now i am getting the feel for it whilst practising with the M5 PASR Trend Trading. Thank You.
If at first you don't succeed, try, try again.
  • #10,962
  • Mar 13, 2019 2:08pm Mar 13, 2019 2:08pm
Some late trades here on DOW
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"What would you attempt to do, if you knew your success was a certainty?"
  • #10,963
  • Mar 13, 2019 3:10pm Mar 13, 2019 3:10pm
I am looking for a new broker. Just for confirmation as I have contradicting information: did NY close 10 minutes ago, or will it close in 50 mins? Thanks.
Accept the risk!
  • #10,964
  • Mar 13, 2019 3:24pm Mar 13, 2019 3:24pm
Quoting Scrumy
I am looking for a new broker. Just for confirmation as I have contradicting information: did NY close 10 minutes ago, or will it close in 50 mins? Thanks.
if its for M5 PASR TREND TRADING or BASIC PASR M1 i can recommend OctaFX. ive just started with them for 2 main reasons.... spreads are decent and minimum stop loss distances vary but are the best ive found so far between EasyMarkets, FXTM & OctaFX. example: GBPUSD minimum stop loss distance is 2 pips. hope this helps...
If at first you don't succeed, try, try again.
  • #10,965
  • Mar 13, 2019 4:08pm Mar 13, 2019 4:08pm
Quoting Scrumy
I am looking for a new broker. Just for confirmation as I have contradicting information: did NY close 10 minutes ago, or will it close in 50 mins? Thanks.
It closed 8mn ago, so it was 50mn by your post
  • #10,966
  • Edited Mar 14, 2019 1:35am Mar 13, 2019 11:36pm | Edited Mar 14, 2019 1:35am
Quoting Scrumy
I am looking for a new broker. Just for confirmation as I have contradicting information: did NY close 10 minutes ago, or will it close in 50 mins? Thanks.
The forexfactory front page will give you the current time in NY, London, etc. Just make sure your settings are for your time zone, and it's easy enough to work out from there.

EDIT:
Quoting pippoacher
XAU/USD I know not many trade this but Iam always happy to extract alpha. Hammer at support on the weekly. Big engulfing bar on the daily, and I took a slightly better entry off the 4h. TP first support. {image} {image}
I missed seeing that, but I have it down in my notes to look for a short. Big boss is ranging, boss was a shooting star, huge down candle (now weekly control candle), and a smaller hammer at support, and worker is retracing back to resistance at 1314. See charts.
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  • #10,967
  • Mar 14, 2019 1:43am Mar 14, 2019 1:43am
Quoting Scrumy
I am looking for a new broker. Just for confirmation as I have contradicting information: did NY close 10 minutes ago, or will it close in 50 mins? Thanks.
Sorry Scrumy. Got a little excited about my new broker. Didn't read you post properly.....
If at first you don't succeed, try, try again.
  • #10,968
  • Mar 14, 2019 2:07am Mar 14, 2019 2:07am
Quoting Hickson
{quote} Every post there is a lesson. Sorry to give you not the expected answer!
Quite correct, and after studying the thread for for more than 20 months I stil learn every day.

What I meant to ask is if anybody has the collation of the lessons as they were on Strat's website. He unfortunately no longer has that info as it was compiled on his website. If any of the members can assist I would be grateful.
Green Pips
  • #10,969
  • Mar 14, 2019 2:38am Mar 14, 2019 2:38am
Quoting Alesiosc
{quote} if its for M5 PASR TREND TRADING or BASIC PASR M1 i can recommend OctaFX. ive just started with them for 2 main reasons.... spreads are decent and minimum stop loss distances vary but are the best ive found so far between EasyMarkets, FXTM & OctaFX. example: GBPUSD minimum stop loss distance is 2 pips. hope this helps...
Quoting darko2010
{quote} It closed 8mn ago, so it was 50mn by your post
Quoting Rub
{quote} The forexfactory front page will give you the current time in NY, London, etc. Just make sure your settings are for your time zone, and it's easy enough to work out from there. EDIT: {quote} I missed seeing that, but I have it down in my notes to look for a short. Big boss is ranging, boss was a shooting star, huge down candle (now weekly control candle), and a smaller hammer at support, and worker is retracing back to resistance at 1314. See charts. {image} {image} {image}
Thank you Alesiosc, darko and Rub. If anyone else searches for a broker with NY close - their server should be set to GMT+3. See attached screenshot.

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Accept the risk!
  • #10,970
  • Mar 14, 2019 2:57am Mar 14, 2019 2:57am
Quoting Rub
{quote} The forexfactory front page will give you the current time in NY, London, etc. Just make sure your settings are for your time zone, and it's easy enough to work out from there. EDIT: {quote} I missed seeing that, but I have it down in my notes to look for a short. Big boss is ranging, boss was a shooting star, huge down candle (now weekly control candle), and a smaller hammer at support, and worker is retracing back to resistance at 1314. See charts. {image} {image} {image}
I agree with all you said, and this is sometimes where I battle. For me the long was still the bias ( Dr Joe) considering its been a rip roaring uptrend for months. My tp was conservative, so a basic PASR type trade. For me the probabilities are never absolute, but likely enough to provide an exploitable edge. Its still running with tp being 1317.....lets see if it gets there
  • #10,971
  • Edited 3:26am Mar 14, 2019 3:15am | Edited 3:26am
GBPUSD M1

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Trading to live not living to trade. So I'm on M1 for a bit now.... updated plan, see below

"In addition, competitors are not allowed to wear underwear beneath their trousers, which must allow the ferrets free access from one leg to the other, and the ferrets must have a full set of teeth that must not have been filed or otherwise blunted. The winner is the person who lasts the longest.
Ferret-legging - Wikipedia

https://en.wikipedia.org/wiki/Ferret-legging"

I don't want to get bitten and I don't need to last the longest thank you very much.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #10,972
  • Mar 14, 2019 3:44am Mar 14, 2019 3:44am
Quoting Rub
{quote} The forexfactory front page will give you the current time in NY, London, etc. Just make sure your settings are for your time zone, and it's easy enough to work out from there. EDIT: {quote} I missed seeing that, but I have it down in my notes to look for a short. Big boss is ranging, boss was a shooting star, huge down candle (now weekly control candle), and a smaller hammer at support, and worker is retracing back to resistance at 1314. See charts. {image} {image} {image}
I have partially taken profit and locked some in. If today closes as a bearish outside bar, may be time to change sides?
  • #10,973
  • Mar 14, 2019 3:56am Mar 14, 2019 3:56am
Quoting BeyondTheSea
GBPUSD M1 {image} Trading to live not living to trade. So I'm on M1 for a bit now.... updated plan, see below "In addition, competitors are not allowed to wear underwear beneath their trousers, which must allow the ferrets free access from one leg to the other, and the ferrets must have a full set of teeth that must not have been filed or otherwise blunted. The winner is the person who lasts the longest. Ferret-legging - Wikipedia https://en.wikipedia.org/wiki/Ferret-legging"...
  • #10,974
  • Mar 14, 2019 4:13am Mar 14, 2019 4:13am
Petit Long DAX
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"What would you attempt to do, if you knew your success was a certainty?"
  • #10,975
  • Mar 14, 2019 4:46am Mar 14, 2019 4:46am
This is not trading or PASR related but on Brexit. 27 countries have to unanimously agree to grant an extension to the UK with probably specific conditions what such extension shall achieve.

The UK has pissed more than one of these countries in its history, I expect it's payback time...
That's the problem with the need for unanimous decisions

We'll see
  • #10,976
  • Edited 5:52am Mar 14, 2019 5:32am | Edited 5:52am
Quoting darko2010
This is not trading or PASR related but on Brexit. 27 countries have to unanimously agree to grant an extension to the UK with probably specific conditions what such extension shall achieve. The UK has pissed more than one of these countries in its history, I expect it's payback time... That's the problem with the need for unanimous decisions We'll see
.....brexit .....no brexit.....BUT FREAKING VOLATILITY IS HERE!!!

Meantime, I took advantage of a short trade on NQ
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"What would you attempt to do, if you knew your success was a certainty?"
  • #10,977
  • Mar 14, 2019 5:37am Mar 14, 2019 5:37am
Quoting Fxentropy
{quote} .....brexit .....no brexit.....BUT FREAKING VOLATILITY IS HERE!!! Meantime, I took advantage of a short trade on NQ {image}
Never said the contrary...
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  • #10,978
  • Mar 14, 2019 5:55am Mar 14, 2019 5:55am
paper trade EURNZD m5

I usually stick to GBP. after a long time I found some minutes to wet my feet again and this looked too good to pass. closing the papertrade 2 candles back for around 25pips and back to slaving for me.

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PS: using SR drawn from 4H chart it looks like this
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  • #10,979
  • Mar 14, 2019 6:03am Mar 14, 2019 6:03am
USDCAD, Trying to take what the market gives in a low vol environment.
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  • #10,980
  • Mar 14, 2019 6:06am Mar 14, 2019 6:06am
Quoting darko2010
USDCAD, Trying to take what the market gives in a low vol environment. {image}
Great trades!
Attached Image
"What would you attempt to do, if you knew your success was a certainty?"
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