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Strat's PASR Long Term, Stress Free Trading

  • #12,481
  • Oct 17, 2019 7:07pm Oct 17, 2019 7:07pm
Quoting Max333
{quote} Sorry not sure why wasnt uploaded, here is my chart and my entry marked with an arrow. Thank you {image}
Where was your stop? It should have been above the signal candle.
  • #12,482
  • Oct 18, 2019 2:13pm Oct 18, 2019 2:13pm
GBP/USD M15
Trades of today and yesterday
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https://twitter.com/BeauBuyer
  • #12,483
  • Oct 18, 2019 4:32pm Oct 18, 2019 4:32pm
Quoting bistolis
{quote} good for you have fun
Profitable trading is always fun............
do me a favour...spend a few minutes reading my charts this weekend..sometimes even intelligent people can't admit a deficiency in their strategy, it's human nature....
call me a liar...see my entry...i've put an arrow...see the profit...i only close one third of trade at the pay line...i'm hoping to get an outlier...the trades that do roll over to the next day ..the next week, must be brought in line with the current days management..if you find no value in my charts..good luck, all the best with this method..
we're here to make a profit, not look or sound intelligent to a bunch of strangers...if you have any questions feel free...
todays charts...choppy but not bad...

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  • #12,484
  • Oct 19, 2019 3:49am Oct 19, 2019 3:49am
Quoting brody55
{quote} Profitable trading is always fun............ do me a favour...spend a few minutes reading my charts this weekend..sometimes even intelligent people can't admit a deficiency in their strategy, it's human nature.... call me a liar...see my entry...i've put an arrow...see the profit...i only close one third of trade at the pay line...i'm hoping to get an outlier...the trades that do roll over to the next day ..the next week, must be brought in line with the current days management..if you find no value in my charts..good luck, all the best...
There is always value in charts.
I pick different entries. You have your own way to read price action.
And there is always deficiency in strategies. We just pick whatever works for us
  • #12,485
  • Oct 20, 2019 6:14am Oct 20, 2019 6:14am
Hi everyone,
As the core purpose of the thread is long term trading using PASR, my understanding is trades can be open for days/weeks. How do we manage open trades with economic news? Is there specific news we avoid or close our trades beforehand? Or do we ignore news as our strategy based on long term investment?
If so which news do we avoid and which news do we ignore?

Appreciate your help, and thanks to everyone contributing here!
  • #12,486
  • Oct 20, 2019 9:03am Oct 20, 2019 9:03am
Here is my problem with the PASR Strategy. So far no one has answered this question. We take our direction from the Monthly Candle, then the Weekly Candle. If these line up, then we drop down to the daily and enjoy stress free trading in that direction whether it is buy or sell.

Here is the problem I'm seeing. At the start of the week, you have no idea what the weekly candle will look like, so how do you trade? Do you wait a few days?

Also, what happens when the weekly candle looks more like a doji and will change directions mid week? So the weekly was mostly a buy candle but then reverses to a sell candle?
  • #12,487
  • Oct 20, 2019 2:54pm Oct 20, 2019 2:54pm
Quoting trolloc63
Here is my problem with the PASR Strategy. So far no one has answered this question. We take our direction from the Monthly Candle, then the Weekly Candle. If these line up, then we drop down to the daily and enjoy stress free trading in that direction whether it is buy or sell. Here is the problem I'm seeing. At the start of the week, you have no idea what the weekly candle will look like, so how do you trade? Do you wait a few days? Also, what happens when the weekly candle looks more like a doji and will change directions mid week? So the weekly...
FYI you are looking in the wrong direction. As you and this method state, look at the monthly and the weekly for direction. Look at the week that just completed for direction. No one knows what the new week will bring but the week just completed is giving direction. Be aware of PASR. If the week just completed has not given a direction, as in the case of a doji, let it be and move on to a pair that gives direction. Be aware of of PASR.
  • #12,488
  • Oct 20, 2019 10:02pm Oct 20, 2019 10:02pm
Thanks for telling me. I lost the link to the wayback site. Which time frame to draw support and resistance on? And where do I find any supporting indicators? Which MAs are we using?
  • #12,489
  • Oct 20, 2019 10:33pm Oct 20, 2019 10:33pm
Quoting trolloc63
Thanks for telling me. I lost the link to the wayback site. Which time frame to draw support and resistance on? And where do I find any supporting indicators? Which MAs are we using?
I am surprised you have not already been told to go to Page 1 and read through all of this thread. You must do it to understand.
  • #12,490
  • Oct 21, 2019 1:14am Oct 21, 2019 1:14am
hello guys,
i am new here. please correct me about my picture. i sell Usc.cad now !
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  • #12,491
  • Oct 21, 2019 3:00am Oct 21, 2019 3:00am
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  • #12,492
  • Oct 21, 2019 3:53am Oct 21, 2019 3:53am
sweet supoort for gbpusd !!
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  • #12,493
  • Oct 21, 2019 12:30pm Oct 21, 2019 12:30pm
Where are you getting that indicator from? The one that colors your chart as a buy or sell?
  • #12,494
  • Oct 21, 2019 5:50pm Oct 21, 2019 5:50pm
Im not really sure why people are now ignoring me, according to my profile. I guess im just a stupid newbie asking too many questions. And I did read Strats strategy more than once. I asked questions several months ago and I was ignored. Perhaps this forum is not idiots like me.
  • #12,495
  • Oct 21, 2019 5:56pm Oct 21, 2019 5:56pm
Quoting bistolis
{quote} There is always value in charts. I pick different entries. You have your own way to read price action. And there is always deficiency in strategies. We just pick whatever works for us
Amen my brother..
just pointing out that with my reading of price action, which is as old as the hills, dates back to the 1950's pit traders, traders here could be profitable within a few weeks/months.
none of this studying 10 year old threads..numerous threads at that..wasting months if not years...based on antiquated methods..candles at s/r..numerous variables that will never give confidence, but always an excuse for failure..if only i study the threads more etc..i didn,t pay attention to X variable etc..steve nison circa 1990..never getting a straight answer..no spoonfeeding...lol
best of luck..
traders REACT, they don't try and PREDICT..
hopefully if it helps one trader..i've done my bit..laters
  • #12,496
  • Oct 21, 2019 7:15pm Oct 21, 2019 7:15pm
Quoting trolloc63
Im not really sure why people are now ignoring me, according to my profile. I guess im just a stupid newbie asking too many questions. And I did read Strats strategy more than once. I asked questions several months ago and I was ignored. Perhaps this forum is not idiots like me.
No... stop feeling sorry for yourself. Everything you require is in this thread. But your question stating "where did you get that indicator from .. " is itself an indicator that you have not read the thread.
Maybe you have forgotten things from the last time you were here. People will not ignore you if you have questions as you learn .
By the way, how many pages have you read since your post of 9:03 on October 20 ?
  • #12,497
  • Oct 21, 2019 8:23pm Oct 21, 2019 8:23pm
lets say 15 to 20 pages
  • #12,498
  • Oct 21, 2019 8:55pm Oct 21, 2019 8:55pm
Quoting trolloc63
lets say 15 to 20 pages
Any questions for the members here ?
  • #12,499
  • Oct 22, 2019 1:12am Oct 22, 2019 1:12am
Quoting trolloc63
Where are you getting that indicator from? The one that colors your chart as a buy or sell?
hello bro, this question for who ?
  • #12,500
  • Oct 22, 2019 1:23am Oct 22, 2019 1:23am
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