Strat's PASR Long Term, Stress Free Trading | Page 593 | 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

  • #11,841
  • Jul 2, 2019 6:10pm Jul 2, 2019 6:10pm
Quoting wtjfree
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. {image}
Braver than me, I'm just starting out on the Daily.

What timeframe is your boss and big boss?
  • #11,842
  • Edited 2:30am Jul 3, 2019 2:18am | Edited 2:30am
Quoting wtjfree
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. {image}
Hi
1. your stop loss is way too high. mostly because your entry is late.
2. the trend is developing and you should enter at pullbacks. ( there is one candle right on 72EMA, but this entry is too aggreessive for me)
Both of the arrows ,pointing at entries after the bearish candle close, are better price and smaller stop loss
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 35 KB


Read through the thread and study the examples provided
M5
https://www.forexfactory.com/showthr...0#post11251920

examples on the old thread: https://www.forexfactory.com/showthr...41#post7108141
  • #11,843
  • Jul 3, 2019 2:24am Jul 3, 2019 2:24am
Quoting strat
{quote} 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...
Thank you
  • #11,844
  • Jul 3, 2019 3:44am Jul 3, 2019 3:44am
Quoting bistolis
{quote} Hi 1. your stop loss is way too high. mostly because your entry is late. 2. the trend is developing and you should enter at pullbacks. ( there is one candle right on 72EMA, but this entry is too aggreessive for me) Both of the arrows ,pointing at entries after the bearish candle close, are better price and smaller stop loss {image} Read through the thread and study the examples provided M5 https://www.forexfactory.com/showthr...0#post11251920 examples on the old thread: https://www.forexfactory.com/showthr...41#post7108141...
You are right and advice has been noted. Thanks.

Quote
tommyFL
to be honest to yourself and inside 'little man' All I see the boss and big boss is down trend. wait a high and short it.
  • #11,845
  • Jul 3, 2019 4:04am Jul 3, 2019 4:04am
Quoting strat
10 YEAR ANNIVERSARY OF PASR ON FOREX FACTORY Back to square 1 – ... Welcome! Strat October 19, 2017
A very good read, I recognize myself somewhere around/past step 3. Will read and learn.
  • #11,846
  • Jul 3, 2019 4:41am Jul 3, 2019 4:41am
Quoting bistolis
{quote} Hi 1. your stop loss is way too high. mostly because your entry is late. 2. the trend is developing and you should enter at pullbacks. ( there is one candle right on 72EMA, but this entry is too aggreessive for me) Both of the arrows ,pointing at entries after the bearish candle close, are better price and smaller stop loss {image} Read through the thread and study the examples provided M5 https://www.forexfactory.com/showthr...0#post11251920 examples on the old thread: https://www.forexfactory.com/showthr...41#post7108141...
You are right about the stops. It is all about the RR, especially on M5. A large sl usually does not help. It is taken out anyway if the trade does not work, but spoils RR. If it works, the return can make up for two or three losers. In the beginning I often tried 15 pip SL or so in M5 PSAR trading, but I think this is too much now.
Fix up, trade sharp ...
  • #11,847
  • Jul 3, 2019 7:01am Jul 3, 2019 7:01am
GBPUSD:

BB: downtrend, bottom of the SS, coming down from a lower swing high and a huge bear bar in May, approaching a significant support at 1.2371ish:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 27 KB


B: firstly, what I saw here was price coming down from last week's test above resistance at 1.2756ish. But I might have been too eager to get into a trade; on second look, after entering, I see obvious ranging to the left and the WCC:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 27 KB


Worker: I entered early on the 28th, the day after the candle under the yellow arrow. I was looking for an entry off the bar two days prior (6/25) that was a test over the S/R line, and a retest of the 6/7 high; I wanted to see a close under the EMA20 before entry, the 6/28 bar was that with a test above the EMA that failed. SL was above the 6/25 candle:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 27 KB


So I'm sitting at the bottom of the WCC.... but at my support line of 1.2585ish, the plan was to get out here anyway if price shows bullish behaviour, but my psych is telling me to close out now before the day's close. I need to shut off my computer!
  • #11,848
  • Jul 3, 2019 7:44am Jul 3, 2019 7:44am
What indicator shades in between the moving averages? Mine just has lines. It would be great to have just a solid color.
Know your edge and trade within it
  • #11,849
  • Jul 3, 2019 8:39am Jul 3, 2019 8:39am
Quoting fxtrader29ca
What indicator shades in between the moving averages? Mine just has lines. It would be great to have just a solid color.
https://www.forexfactory.com/showthr...5#post11523315
  • #11,850
  • Jul 3, 2019 8:49pm Jul 3, 2019 8:49pm
Quoting tommyFL
GBPUSD: BB: downtrend, bottom of the SS, coming down from a lower swing high and a huge bear bar in May, approaching a significant support at 1.2371ish: {image} B: firstly, what I saw here was price coming down from last week's test above resistance at 1.2756ish. But I might have been too eager to get into a trade; on second look, after entering, I see obvious ranging to the left and the WCC: {image} Worker: I entered early on the 28th, the day after the candle under the yellow arrow. I was looking for an entry off the bar two days prior (6/25)...
Tightened my SL to above resistance and yesterday's candle. I didn't see a signal to close out yet.
  • #11,851
  • Jul 4, 2019 2:24am Jul 4, 2019 2:24am
My EURAUD trade hit the second profit level I was aiming for. It's important to note I'm trading the boss range, as I see it. I'm not trading counter trend as much as taking a intelligent risk that price will change direction at the top of the range.

Here's the four hour chart with entries.

1. My initial entry based on the daily shooting star, stop was about the high of the shooting star. There was a better entry a couple of days later, after it failed to make a new high.

2. my second entry was a close below a retrace that tested the upward trend line I'd drawn from the daily charts.

3. This another potential entry, but I didn't take it.

All profit was taken at the first weekly support level I'd identified.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 35 KB
  • #11,852
  • Jul 4, 2019 9:23am Jul 4, 2019 9:23am
Quoting Rub
My EURAUD trade hit the second profit level I was aiming for. It's important to note I'm trading the boss range, as I see it. I'm not trading counter trend as much as taking a intelligent risk that price will change direction at the top of the range. Here's the four hour chart with entries. 1. My initial entry based on the daily shooting star, stop was about the high of the shooting star. There was a better entry a couple of days later, after it failed to make a new high. 2. my second entry was a close below a retrace that tested the upward trend...
I can not see a shooting star on a day chat (20th June). Am I missing anything?
  • #11,853
  • Jul 4, 2019 3:14pm Jul 4, 2019 3:14pm
Quoting wtjfree
{quote} I can not see a shooting star on a day chat (20th June). Am I missing anything?
See chart
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 39 KB
  • #11,854
  • Jul 4, 2019 3:35pm Jul 4, 2019 3:35pm
Quoting Rub
{quote} See chart {image}
Thanks.
  • #11,855
  • Jul 6, 2019 4:07am Jul 6, 2019 4:07am
Prayers for California traders. Hope you are not too affected.....
If at first you don't succeed, try, try again.
  • #11,856
  • Jul 6, 2019 6:29am Jul 6, 2019 6:29am
Quoting w261713
[quote = strat; 12331183] {quote}只是试图在我的学习过程中试图蹦极而这是你所有问题的根本原因 - 没有快速学习3至5年的交易经验！[/ quote] Good evening! Good to see you again, Strat, because I'm in the Far East, and it's night. English is not my native language, so I'm sorry, I can only hope to communicate...
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #11,857
  • Jul 6, 2019 1:25pm Jul 6, 2019 1:25pm
Quoting Rub
{quote} See chart {image}
Check your PM's please Rub

Cheers
If at first you don't succeed, try, try again.
  • #11,858
  • Jul 6, 2019 7:47pm Jul 6, 2019 7:47pm
Attachment gAttachment gAttachment gAttachment g
GBPUSD

English is not my native language. I'm sorry.
Bigboos.
down
Weekly candle control
day
first arrow BEOB, the back arrow increases the chance of position, the first target is the support level, reach the target on Friday, BE
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 185 KB
  • #11,859
  • Jul 7, 2019 3:10am Jul 7, 2019 3:10am
gbpaud
Price in the weekly control candle, two arrows, first stopped, what's the problem? Is there a problem with PPZ?thanks
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.png Size: 184 KB
  • #11,860
  • Jul 7, 2019 3:28pm Jul 7, 2019 3:28pm
Quoting w261713
gbpaud Price in the weekly control candle, two arrows, first stopped, what's the problem? Is there a problem with PPZ?thanks {image}
I saw this one, but for me the first arrow you have is on weak price action (tiny bodies, more like dojis), also I have a support line at 1.8242, and the short would have been into the 200ema:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 40 KB
7 traders viewing now