Strat's PASR Long Term, Stress Free Trading | Page 592 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MY PASR journey Based on Strat's PASR Trading 76 replies

M5 PASR Trend Trading Strat 95 replies

My PASR Trend Trading Journals 3 replies

A young trader's road to profitability - PASR trading - Live 11 replies

Fibs trading and PASR 0 replies

Attachments: Strat's PASR Long Term, Stress Free Trading
Exit Attachments

Strat's PASR Long Term, Stress Free Trading

  • #11,821
  • Jun 27, 2019 3:42am Jun 27, 2019 3:42am
Quoting Rub
{quote} Quoting myself seems a little wanky, but I'm liking the look of the current 4hr EURAUD candle as a short. Could this be heading back down? Looks like it failed to make a new high.....
HAHAHA matey, wanky or not i quote myself all the time, it helps, its like looking at the whole selection process with fresh eyes. I have narrowed my range down to gold usd/zar and now and then Gbp / Jpy. Make huge strides in consistency.
June has been very generous to me.
trust you are well mate.
  • #11,822
  • Edited 4:17am Jun 28, 2019 3:50am | Edited 4:17am
What Would You Do Here.

ive been short since the BEEB, trying my luck at a trend trade. anyone give me a heads up where you would be adding lots please.
Attached Image (click to enlarge)
Click to Enlarge Name: what would you do here.png Size: 48 KB
If at first you don't succeed, try, try again.
  • #11,823
  • Jun 28, 2019 4:05am Jun 28, 2019 4:05am
Quoting Alesiosc
What Would You Do Here. ive been short since the BEEB, trying my luck at a trend trade. anyone give me a heads up where you would be adding lots please. {image}
hi
This is a bit weird. M15 trade and you entered at the end of day. Where is the SL after all the bounce against your entry?
There is a big support at my arrows pointing up
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 221 KB

you should exit there and then wait. A good entry is late afternoon the next day.

My opinion is that M15 is still intra day timeframe. It should be exited at the end of day. If you go to sleep ,you miss 24 candles with 8hours of sleep. The entry is good for me. The exit should be at support and then go to sleep. unless the time shown at the bottom doesnt correspond to UK (or european) timezones
  • #11,824
  • Jun 28, 2019 4:21am Jun 28, 2019 4:21am
Morning DAX rocket

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 45 KB
  • #11,825
  • Jun 28, 2019 4:24am Jun 28, 2019 4:24am
Quoting Rub
{quote} Initial target is 1, but I'll watch what it does there instead of have a take profit. Hopefully the AUD will show some momentum soon in following it's cousin. I also had a EURNZD trade from the 4hr that got stopped out at break even this morning with the news, but I followed my plan of moving to break even at the first support.
Looks like you've got your target filled

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 48 KB
  • #11,826
  • Jun 28, 2019 6:18pm Jun 28, 2019 6:18pm
Quoting Alesiosc
What Would You Do Here. ive been short since the BEEB, trying my luck at a trend trade. anyone give me a heads up where you would be adding lots please. {image}
Bistolis has given pretty much the same feedback I would. There was a failure to break support and clear bullish price action from that support, that's where I would have exited. I don't really see a good example on your chart for a trend trade, but the next day you might be able to get a couple of entries in.

Quoting Szpons
{quote} Looks like you've got your target filled {image}
The daily close doesn't look like it's stalling there, so I'm hanging in for target 2 now. I've made a second entry, as price has broken that support, retraced, and continued, but it's not strictly a price action candles entry so I'm leaving the chart out.
With the G20 meeting this weekend it might bite me on the arse, but I don't think my thought process is wrong!

EDIT: I will be keeping an eye on USDCAD to see if it makes a lower high on daily charts.
  • #11,827
  • Jun 30, 2019 12:09pm Jun 30, 2019 12:09pm
EurAud

Big Boss- Retracement back down to support pending, maybe? We'll see.... Boss seems to be reponding
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 97 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 98 KB
  • #11,828
  • Jun 30, 2019 12:13pm Jun 30, 2019 12:13pm
RBA Interest Rate decision might make things tricky though.
PM me if you want my EA.
  • #11,829
  • Jun 30, 2019 6:02pm Jun 30, 2019 6:02pm
I can see the EURJPY Daily is approaching to R/S. Hopefully this will be my first R/S trade.
Any comments will be appreciated.
Attached Image
  • #11,830
  • Jul 1, 2019 12:34am Jul 1, 2019 12:34am
Quoting JCMPete
EurAud Big Boss- Retracement back down to support pending, maybe? We'll see.... Boss seems to be reponding{image} {image}
As you can see from my recent posts, I'm already short. RBA rate decision tomorrow, should push it along.


Quoting wtjfree
I can see the EURJPY Daily is approaching to R/S. Hopefully this will be my first R/S trade. Any comments will be appreciated. {image}
Can you give a bit more detail? I wouldn't be shorting it right now, although a nice big shooting star might induce me the buying evident at the start of last week, failure to make a new low, and the gap up make me reluctant to go short.
  • #11,831
  • Edited 5:23am Jul 1, 2019 5:08am | Edited 5:23am
Quoting bistolis
{quote} hi This is a bit weird. M15 trade and you entered at the end of day. Where is the SL after all the bounce against your entry? There is a big support at my arrows pointing up {image} you should exit there and then wait. A good entry is late afternoon the next day. My opinion is that M15 is still intra day timeframe. It should be exited at the end of day. If you go to sleep ,you miss 24 candles with 8hours of sleep. The entry is good for me. The exit should be at support and then go to sleep. unless the time shown at the bottom doesnt correspond...
thanks bistolis.....i utilise some of the above. its just disciplining myself to use them more often.....hers my trade closed. yes, the trend didnt happen......

thanks Rub too.....


EDIT: and please dont remind me about all the missed opportunities.....ive not been able to work the trade cos ive been at work most times
Attached Image (click to enlarge)
Click to Enlarge Name: what would you do here closed.png Size: 70 KB
If at first you don't succeed, try, try again.
  • #11,832
  • Jul 1, 2019 10:47am Jul 1, 2019 10:47am
AUDUSD M5 PASR TREND TRADING

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 43 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,833
  • Jul 1, 2019 11:08am Jul 1, 2019 11:08am
If at first you don't succeed, try, try again.
  • #11,834
  • Jul 1, 2019 12:58pm Jul 1, 2019 12:58pm
USDCHF M5 PASR TREND TRADING

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 45 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,835
  • Jul 1, 2019 2:41pm Jul 1, 2019 2:41pm
[quote=Rub;12358487]{quote} As you can see from my recent posts, I'm already short. RBA rate decision tomorrow, should push it along. {quote}

Noted, thanks Rub

Regards
Pete
  • #11,836
  • Jul 1, 2019 4:15pm Jul 1, 2019 4:15pm
Quoting strat
USDCHF M5 PASR TREND TRADING {image}
Hi Strat, Would you let me know what blue line was for please?
  • #11,837
  • Jul 1, 2019 4:43pm Jul 1, 2019 4:43pm
Quoting wtjfree
{quote} Hi Strat, Would you let me know what blue line was for please?
it is New York open
  • #11,838
  • Jul 2, 2019 1:29am Jul 2, 2019 1:29am
Quoting strat
USDCHF M5 PASR TREND TRADING {image}
Hi Strat

Good to see you, trust all is well. I see Fender have brought out entry level guitars which are dirt cheap even here, Fender Squier, they well under $200 and i was looking at buying some kit again. Do you know this range?

Trading question. looking at this chart, I am always a little unsure where exactly to place my buy order when adding on. The second arrow shows where the candle touches the 20 ema and is followed by a large solid bull candle.
Where do you place the buy stop, at the fill price at the close of the bear candle, above the bear candle or above the close of the next bull candle.

Thanks in advance...
  • #11,839
  • Jul 2, 2019 10:48am Jul 2, 2019 10:48am
Quoting pippoacher
{quote} Trading question. looking at this chart, I am always a little unsure where exactly to place my buy order when adding on. The second arrow shows where the candle touches the 20 ema and is followed by a large solid bull candle. Where do you place the buy stop, at the fill price at the close of the bear candle, above the bear candle or above the close of the next bull candle. Thanks in advance...
Where do you place the buy stop?

Until you understand the psychology of those moving PRICE in a trend, the lowest RISK, highest probability of profit is to enter on the close of a bullish candle taking out the prior bearish candle.

When you can “tune in” to the psychology of those moving PRICE in a trend, you will SEE the exhaustion of the bearish pull backs and enter on the close of that exhausted bearish candle.

Hi Strat, Would you let me know what blue line was for please?

That blue line is the start of my trading day – 6 am Pacific West Coast Time (9 am New York Time).
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,840
  • Jul 2, 2019 4:28pm Jul 2, 2019 4:28pm
This is my first Strat's PASR trade.

AUDNZD 5M time frame. The trade has been opened around 2:30pm(GMT). The target was the support around 1.04680.
I want to meet the "little man" inside of me.
PASR and I am controlling this trade.
Sorry for the bad English.
Attached Image (click to enlarge)
Click to Enlarge Name: 20190702 AUDNZD.png Size: 49 KB
19 traders viewing now