Strat's PASR Long Term, Stress Free Trading | Page 648 | 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

  • #12,941
  • Mar 18, 2020 3:23pm Mar 18, 2020 3:23pm
Hey ya'll,

it has been a while (6 months since my last post). I am still here, still reading, still learning.

Nice that it got more active recently and that we have new members, warm welcome to you.

I will write another progress report in the next couple of days. But all I can say: I messed up my trading challenge for a prop firm massively.
Happy trading with this awesome volatility.

Attached a trade I took. Exited BE (due to my rules - set breakeven after 15 candles).

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_ecnM5.png Size: 49 KB
Accept the risk!
  • #12,942
  • Mar 18, 2020 4:41pm Mar 18, 2020 4:41pm
Quoting Scrumy
Hey ya'll, it has been a while (6 months since my last post). I am still here, still reading, still learning. Nice that it got more active recently and that we have new members, warm welcome to you. I will write another progress report in the next couple of days. But all I can say: I messed up my trading challenge for a prop firm massively. Happy trading with this awesome volatility. Attached a trade I took. Exited BE (due to my rules - set breakeven after 15 candles). {image}
Hi Scrumy

Sorry to hear your trial didn’t work out.

Why didn’t you re-enter after price closed back over your original entry?
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,943
  • Mar 18, 2020 8:01pm Mar 18, 2020 8:01pm
Quoting Udkox
{quote} Thanks for that BTS. A few questions if you don't mind: I think the second entry is perfect, right after the candle that confirms a swing high. However, the first one seems a bit rushed. I see that the price was rejected by the 20 EMA, (1) was that a major reason why you jumped in there ? There are some scary rallies that got you in red for a few minutes. (2) What was the main reason why you didn't abandon ship ? Is it the fact that the price could not close above the swing high low ? It's been said many times that dojis aren't trend reversal...

Hi mate, you might like to check out this post for more detailed explanation how BTS trades.

https://www.forexfactory.com/showthr...0#post11081780
  • #12,944
  • Mar 19, 2020 3:11am Mar 19, 2020 3:11am
Quoting Scrumy
Hey ya'll, it has been a while (6 months since my last post). I am still here, still reading, still learning. Nice that it got more active recently and that we have new members, warm welcome to you. I will write another progress report in the next couple of days. But all I can say: I messed up my trading challenge for a prop firm massively. Happy trading with this awesome volatility. Attached a trade I took. Exited BE (due to my rules - set breakeven after 15 candles). {image}
Hello Scrumy,
It happens to all of us. Just remember. Did you follow your plan?

Imagine if you go long and cut out your SL and watch your capital burn. I think BE is better idea.

Trade safe

MH
  • #12,945
  • Mar 19, 2020 5:05am Mar 19, 2020 5:05am
Quit and dirty review of EURUSD 5 minute trade. Picked this pairs as it was about the only one that hadn't run massively over it's ADR.

1. My initial entry on a doji. I should have waited, as I had a little heartburn waiting for it to turn to the direction of the higher time frames.

2. Where I should have entered my initial trade.

3. I could have added on here, buy it would have not quite been a 1:1 risk reward so I left it be.

Target was the first support from higher time frames. My charts should run from 4hr, to my trading chart of 5min. Probably could have entered on some of the earlier price action at the end of asia/start of euro sessions, but kept it to the London session.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 36 KB
Click to Enlarge Name: EURUSDH1.png Size: 34 KB
Click to Enlarge Name: EURUSDM5.png Size: 37 KB
  • #12,946
  • Mar 19, 2020 8:58am Mar 19, 2020 8:58am
UsdJpy 5M Trade Today

Regards
Pete
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 109 KB
  • #12,947
  • Mar 19, 2020 11:53am Mar 19, 2020 11:53am
Quoting BeyondTheSea
{quote} Hi Scrumy Sorry to hear your trial didn’t work out. Why didn’t you re-enter after price closed back over your original entry?
I am not fully around when trading, therefore my system allows me to leave (I have an EA running, that sets to breakeven after 15 candles (or it closes the order if in loss)). I have backtested the hell out of that.

But as soon as I have a loss on a pair I am very cautious not to revenge trade.

Quoting Mhons
{quote} Hello Scrumy, It happens to all of us. Just remember. Did you follow your plan? Imagine if you go long and cut out your SL and watch your capital burn. I think BE is better idea. Trade safe MH
Yes, it was according to my plan.
Accept the risk!
  • #12,948
  • Mar 19, 2020 11:59pm Mar 19, 2020 11:59pm
Pretty much sat on my arse all day and traded the ASX200. Two entries, shown with the arrows, second one took ages to go anywhere.

Been told not to come back to work until the last week of April now, and starting to wonder if I'll have a job to go back to.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ASX200H4.png Size: 31 KB
Click to Enlarge Name: AUS200H1.png Size: 50 KB
Click to Enlarge Name: AUS200M5.png Size: 42 KB
  • #12,949
  • Mar 20, 2020 3:54am Mar 20, 2020 3:54am
Quoting Scrumy
{quote} I am not fully around when trading, therefore my system allows me to leave (I have an EA running, that sets to breakeven after 15 candles (or it closes the order if in loss)). I have backtested the hell out of that. But as soon as I have a loss on a pair I am very cautious not to revenge trade. {quote} Yes, it was according to my plan.
Sounds like you are sticking to your plan, good for you!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,950
  • Mar 20, 2020 3:56am Mar 20, 2020 3:56am
Quoting Scrumy
Hey ya'll, it has been a while (6 months since my last post). I am still here, still reading, still learning. Nice that it got more active recently and that we have new members, warm welcome to you. I will write another progress report in the next couple of days. But all I can say: I messed up my trading challenge for a prop firm massively. Happy trading with this awesome volatility. Attached a trade I took. Exited BE (due to my rules - set breakeven after 15 candles). {image}
Good you took it slow after and are back to go again. I can relate to your story in a way, i passed step 1 of a funding program and basically one profit was missing to get to a funded account in step two when things in life changed and my trading routine was impossible to maintain. But here we go again, and trading D1 is less stressful than ever.
Fix up, trade sharp ...
  • #12,951
  • Mar 20, 2020 3:58am Mar 20, 2020 3:58am
Quoting Rub
Pretty much sat on my arse all day and traded the ASX200. Two entries, shown with the arrows, second one took ages to go anywhere. Been told not to come back to work until the last week of April now, and starting to wonder if I'll have a job to go back to. {image} {image} {image}
Ditto, but told to continue to work from home and look like I'm doing something...! Strange times indeed Great opportunity to work on those lower time frames though. Have you been watching EURAUD, EURCAD lately?
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,952
  • Mar 20, 2020 4:10am Mar 20, 2020 4:10am
Just chasing down EURCAD which I've been in long term and closing off GBPCAD when it comes home and then I'm out for the rest of the day.

Watch out for gaps again on Sunday.

With all this action I have been living to trade and not trading to live this week. Also I don't want to end up nailed on that cross, been there done that. Read Strat's quotes because they are priceless!

Big profits so far this month because we follow the big boys, PASR and the huge money surges. Learn PASR and not forex factory guru thread sheep impersonation.

Off to do some gardening, do a long run and close my charts for next week.

Trade safe and enjoy your weekend as best as you can.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,953
  • Mar 20, 2020 4:13am Mar 20, 2020 4:13am
Quoting BeyondTheSea
Just chasing down EURCAD which I've been in long term and closing off GBPCAD when it comes home and then I'm out for the rest of the day. Watch out for gaps again on Sunday. With all this action I have been living to trade and not trading to live this week. Also I don't want to end up nailed on that cross, been there done that. Read Strat's quotes because they are priceless! Big profits so far this month because we follow the big boys, PASR and the huge money surges. Learn PASR and not forex factory guru thread sheep impersonation. Off to do some...
Same here. Due to isolation in Prague I have like 50 hours of screen time this week.
But it gave me a lot of experience and different view of markets again.

After this pandemic will end I will consider to slowly add to my plan long timeframes and start to enjoying live more..

Stay safe fellow traders! Take care

MH
  • #12,954
  • Mar 20, 2020 4:14am Mar 20, 2020 4:14am
Quoting BeyondTheSea
{quote} Ditto, but told to continue to work from home and look like I'm doing something...! Strange times indeed Great opportunity to work on those lower time frames though. Have you been watching EURAUD, EURCAD lately?
Watching yes, but haven't been trading. Sticking to trading on on the lower time frames during Asia mostly, and haven't really seen anything on the daily recently.
Some of those spikes are pretty bloody scary too!

Maybe we'll see the start of a bounce back after today for a lot of pairs, see what we can see.

Once I hit the end of the month I'm planning on doing a review of the quarter, which I plan on sharing. There's a nasty drawdown in there.....
  • #12,955
  • Mar 20, 2020 7:27am Mar 20, 2020 7:27am
Quoting Scrumy
Hey ya'll, it has been a while (6 months since my last post). I am still here, still reading, still learning. Nice that it got more active recently and that we have new members, warm welcome to you. I will write another progress report in the next couple of days. But all I can say: I messed up my trading challenge for a prop firm massively. Happy trading with this awesome volatility. Attached a trade I took. Exited BE (due to my rules - set breakeven after 15 candles). {image}
Welcome back Scrumy!

Regards
Pete
  • #12,956
  • Mar 20, 2020 9:20am Mar 20, 2020 9:20am
That was obvious so I took it...

SP500 H

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 14 KB
  • #12,957
  • Mar 20, 2020 9:23am Mar 20, 2020 9:23am
With the cooperated bank intervention that was announced, we have crazy times for sure. I think I will flat everything and wait for developments next week. The weekend could see some ugly gaps for some people. Either up or down, who knows.
Fix up, trade sharp ...
  • #12,958
  • Mar 23, 2020 12:15am Mar 23, 2020 12:15am
ASX200 again. Made a modest profit after getting my stop loss hit on AUDJPY. Support and resistance has been drawn from waaaaaaay back over the weekend, as this hasn't been at these levels for seven or eight years, so the 4hr and 1hr charts aren't going to show much.
Attached Image (click to enlarge)
Click to Enlarge Name: AUS200M5.png Size: 31 KB
  • #12,959
  • Mar 23, 2020 11:05am Mar 23, 2020 11:05am
Quoting Rub
ASX200 again. Made a modest profit after getting my stop loss hit on AUDJPY. Support and resistance has been drawn from waaaaaaay back over the weekend, as this hasn't been at these levels for seven or eight years, so the 4hr and 1hr charts aren't going to show much. {image}
Keep sharp

Just out of interest, where you exited, was that an opportunity to go short? I don't have that chart... possibly to 4500?
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,960
  • Mar 23, 2020 11:06am Mar 23, 2020 11:06am
GBPUSD M5

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 37 KB


And yet still some on FF are telling to buy this ....

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 35 KB
Private Msgs are turned off to weirdos, loafs and brain drainers
9 traders viewing now