Strat's PASR Long Term, Stress Free Trading | Page 609 | 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

  • #12,161
  • Aug 22, 2019 1:40am Aug 22, 2019 1:40am
EUR\JPY

Closed the trade as London big boys coming up. Will keep my profit ..

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYmicroM5.png Size: 33 KB


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #12,162
  • Aug 22, 2019 2:00am Aug 22, 2019 2:00am
Quoting Hickson
{quote} What I found with the lower TFs is that even if you have some years of experience under your belt and a reasonable discipline that will keep you from blowing your account is that when you start trading lower TFs than you are used to, overtrading can sneak in. Let us say you were trading H1 or M15, going to M1 can result in tons of bad trades if you are not careful. It happened to me before and it is something I want to avoid at all cost in future, because it can drain your account even if you are using reasonable RR ratios.
Quoting bistolis
{quote} Hi If you are on M1 M5 , never argue with the strat shadow on M15 and H1 and try to catch the trends this might help

Sadly this was a trade on daily/4hr. Took it into support, then got the idea in my head it was definitely going to break so added on when it went against me. I even had the opportunity to get out with a slight profit, but moved my take profit.

My original target would have been hit and no haircut....

Quoting Suran
EUR\JPY Closed the trade as London big boys coming up. Will keep my profit .. {image} Suranga

Nice work!
  • #12,163
  • Aug 22, 2019 2:39am Aug 22, 2019 2:39am
Quoting Suran
EUR\JPY Closed the trade as London big boys coming up. Will keep my profit .. {image} Suranga


So my decision to exit the trade payed me back..with some pips... see what London boys have done..

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYmicroM5.png Size: 31 KB


P.S. Credit should go to where it should. ....STRAT..thanks a lot coach.
Focus, Patience, Discipline, Determination and Perseverance
  • #12,164
  • Aug 22, 2019 4:30am Aug 22, 2019 4:30am
Quoting Suran
{quote} So my decision to exit the trade payed me back..with some pips... see what London boys have done.. {image} P.S. Credit should go to where it should. ....STRAT..thanks a lot coach.
Hi

Your exit is exemplary on this chart

All the new guys (and old members) browsing through this thread and not committing themselves to improve, I have one advice that will help.
Download and save all the charts posted and study them daily. it doesnt matter at all what timeframe you are looking at on any of the examples. what matters is to study the price-structure on each one and understand why there is an entry (or not).

Have a nice summer day
  • #12,165
  • Aug 22, 2019 5:26am Aug 22, 2019 5:26am
Quoting bistolis
{quote} Hi Your exit is exemplary on this chart All the new guys (and old members) browsing through this thread and not committing themselves to improve, I have one advice that will help. Download and save all the charts posted and study them daily. it doesnt matter at all what timeframe you are looking at on any of the examples. what matters is to study the price-structure on each one and understand why there is an entry (or not). Have a nice summer day
Exactly.100% agreed. I believe Strat gave us all the knowledge needed . And its in THE PATH. Just need to keep reading
Focus, Patience, Discipline, Determination and Perseverance
  • #12,166
  • Aug 22, 2019 9:16am Aug 22, 2019 9:16am
AUDCAD

Hell I was in this trade today, But mistakenly closed the trade with out knowing. I was using Mt4 Scripts and when I close EURJPY trade using that script ..it closed this trade also. seams a bug in that script.. any how trade is good


Entry is based on H4 Demand trend line break. and subsequent price structure in lower time frames.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADmicroH4.png Size: 22 KB


M15
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADmicroM15.png Size: 53 KB


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #12,167
  • Aug 22, 2019 4:43pm Aug 22, 2019 4:43pm
Been away for awhile and it seems that most posts are related to short time frames, which doesn't quite fit with the original focus of the thread.

However, it is what it is.

For those still interested in long term stress free trading, the sterling has reached historical highs of commercial longs (hedging) with a corresponding historical shorts of speculators.

As of last week the net commercial participants have begun covering those longs so for those who take into account COT reports, watch the sterling for a long term move up.

It has begun this week but still in its infancy so watch for pullbacks to avoid the original false moves up.

Regards
  • #12,168
  • Aug 22, 2019 9:51pm Aug 22, 2019 9:51pm
Quoting TerryDawe
Been away for awhile and it seems that most posts are related to short time frames, which doesn't quite fit with the original focus of the thread. However, it is what it is. For those still interested in long term stress free trading, the sterling has reached historical highs of commercial longs (hedging) with a corresponding historical shorts of speculators. As of last week the net commercial participants have begun covering those longs so for those who take into account COT reports, watch the sterling for a long term move up. It has begun this...
Thank you for your insight.
  • #12,169
  • Aug 23, 2019 4:50am Aug 23, 2019 4:50am
Quoting TerryDawe
Been away for awhile and it seems that most posts are related to short time frames, which doesn't quite fit with the original focus of the thread. However, it is what it is. For those still interested in long term stress free trading, the sterling has reached historical highs of commercial longs (hedging) with a corresponding historical shorts of speculators. As of last week the net commercial participants have begun covering those longs so for those who take into account COT reports, watch the sterling for a long term move up. It has begun this...
yesterday's candle on the worker confirmed lower swing of the boss, but waiting for the closure of the boss
If you afraid dont do, if you doing dont afraid.
  • #12,170
  • Aug 23, 2019 6:40am Aug 23, 2019 6:40am
STOPLOSS LEVELS


Hey guys,


When I put in a trade.. my MT4 platform wont allow me to use a tight stop loss. For example, for GBPNZD it need atleast 36 pips +spread. is it the same to you guys? When I talked to XM help desk they said it is as per management decision.

https://www.xm.com/forex-trading

is it the same for you guys?


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #12,171
  • Aug 23, 2019 8:44am Aug 23, 2019 8:44am
Quoting Suran
STOPLOSS LEVELS Hey guys, When I put in a trade.. my MT4 platform wont allow me to use a tight stop loss. For example, for GBPNZD it need atleast 36 pips +spread. is it the same to you guys? When I talked to XM help desk they said it is as per management decision. https://www.xm.com/forex-trading is it the same for you guys? Suranga
No, I can set SL as I like.
They are gently asking you to try another broker
  • #12,172
  • Aug 23, 2019 9:31am Aug 23, 2019 9:31am
Quoting Szpons
{quote} No, I can set SL as I like. They are gently asking you to try another broker
ohh I see..
Focus, Patience, Discipline, Determination and Perseverance
  • #12,173
  • Aug 23, 2019 9:45am Aug 23, 2019 9:45am
Quoting facebreaker
{quote} yesterday's candle on the worker confirmed lower swing of the boss, but waiting for the closure of the boss
Only a close on the Boss can confirm a swing on the Boss. There is still a day left in the week.
  • #12,174
  • Aug 23, 2019 6:37pm Aug 23, 2019 6:37pm
Quoting facebreaker
{quote} yesterday's candle on the worker confirmed lower swing of the boss, but waiting for the closure of the boss
I like the look of most of the GBP pairs to go long over next week, looks like we have a confirmed swing low. I see it as most have a couple of hundred pips to first boss resistance, there should be some room to trade that up.

Quoting Suran
STOPLOSS LEVELS Hey guys, When I put in a trade.. my MT4 platform wont allow me to use a tight stop loss. For example, for GBPNZD it need atleast 36 pips +spread. is it the same to you guys? When I talked to XM help desk they said it is as per management decision. https://www.xm.com/forex-trading is it the same for you guys? Suranga

I can put my stop as close as I like. Sounds like you've got a crappy broker.
  • #12,175
  • Aug 23, 2019 7:35pm Aug 23, 2019 7:35pm
Quoting TerryDawe
Been away for awhile and it seems that most posts are related to short time frames, which doesn't quite fit with the original focus of the thread.
Let us bring the thread back to the There were a few good signals on Daily chart which I hope some of you took.

USDJPY

Daily: I like to take signals as close to the 20EMA as possible. Engulfing candles are very reliable in such cases.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 46 KB


H4: A break of the Strat Shadow gives me more confidence of momentum to the downside.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 47 KB


EURAUD
Daily: After a retracement, Price was sitting around the Strat Shadow with indication to the upside(See those wicks/rejections which indicated buyers willing to protect their position). The candle on 22nd August basically confirmed that Price is going to move up again.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 40 KB


H4: If you are a H4 trader, this candle should be the one to enter. (Break of Strat Shadow, Price structure going higher, Bullish candles are bigger than Bearish candles)
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 42 KB


AUDJPY
Daily: Same Engulfing candle, but a little far away from the Strat Shadow.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYDaily.png Size: 44 KB


H4: Instead, I took this signal off the H4 chart, which looks much better. Could have entered on the second arrow but I was sleeping.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH4.png Size: 51 KB
  • #12,176
  • Edited Aug 24, 2019 9:38am Aug 23, 2019 7:48pm | Edited Aug 24, 2019 9:38am
Some other Trend PASR signals on the H4, some of which I took.

XAUUSD H4
Such a good signal, but I was in bed! (Failure of descending triangle, that is why we don't trade patterns here!)
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4.png Size: 82 KB


EURGBP H4
Something must be going wrong in my mind when I set my TP at 200ema..!
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 79 KB


EURNZD H4
Price well supported by Strat Shadow, trend still intact. Missed the second entry unfortunately at work.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH4.png Size: 68 KB


GBPNZD H4
Only took the last candle, but there were other signals that could be taken as well.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH4.png Size: 52 KB


GBPUSD H4
Missed the second entry at work..!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 47 KB


Edit: Wrong chart for EURGBP..
  • #12,177
  • Aug 23, 2019 8:07pm Aug 23, 2019 8:07pm
And the not so good news...

EURCAD
Price is already showing more momentum to the upside, not to mention the BEOBs are not wokring out as I expected. Will take some small losses from this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADDaily.png Size: 83 KB


AUDNZD
Already banked some profits at resistance, but seems like Price is retracing now after that huge Bearish Engulfing candle. it is pretty far away from the Strat Shadow. Will close the trade on Monday.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDDaily.png Size: 93 KB


EURUSD
A little mixed on this one, support is pretty strong there. A second failure to break support, but I doubt that ~1.5 years of downtrend will end here. Will exit with small profits on Monday.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 59 KB


Not to mention, my GBPAUD, AUDJPY and EURJPY from before also took some small losses.
  • #12,178
  • Aug 23, 2019 8:08pm Aug 23, 2019 8:08pm
Quoting Suran
STOPLOSS LEVELS Hey guys, When I put in a trade.. my MT4 platform wont allow me to use a tight stop loss. For example, for GBPNZD it need atleast 36 pips +spread. is it the same to you guys? When I talked to XM help desk they said it is as per management decision. https://www.xm.com/forex-trading is it the same for you guys? Suranga
Hi Suran,

Nope. I can set a 0.1 pip stop loss if I want. I suggest you find another one. If you want a recommendation, IC Markets has been working well for me with their rapid customer service.
  • #12,179
  • Aug 23, 2019 8:10pm Aug 23, 2019 8:10pm
Quoting Rub
I like the look of most of the GBP pairs to go long over next week, looks like we have a confirmed swing low. I see it as most have a couple of hundred pips to first boss resistance, there should be some room to trade that up.
I agree with you. GBP seems to be on a bullish stance now. Just waiting for proper entry candles to enter.
  • #12,180
  • Aug 24, 2019 6:27pm Aug 24, 2019 6:27pm
Quoting MikuSS
{quote} Let us bring the thread back to the There were a few good signals on Daily chart which I hope some of you took. USDJPY Daily: I like to take signals as close to the 20EMA as possible. Engulfing candles are very reliable in such cases. {image} H4: A break of the Strat Shadow gives me more confidence of momentum to the downside. {image} EURAUD Daily: After a retracement, Price was sitting around the Strat Shadow with indication to the upside(See those wicks/rejections which indicated buyers willing to protect their position). The candle on...

Have to admit, I didn't "see" any of those trades.

While I agree the EURUSD is likely to head back down, I don't think it's very tradable. Looking at the boss chart especially, it's just kind of grinding down slowly. Pretty much any of the EUR crosses are much better to trade. Looking at it, I suspect it's test the support about 1.0800, but the way it's going it's going to take forever to get there.
1 trader viewing now