Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

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

I'm in, short
TP = 14796
SL = 14896
Quoting BeyondTheSea
{quote} 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?
Scrolling back in time, yes (see chart). I didn't as I'd been sitting there all day keeping an eye on the screen and reading. Felt it was time to go outside!

Looks like you're doing pretty well out of this chaos yourself.
Attached Image (click to enlarge)
Click to Enlarge Name: AUS200M5.png Size: 39 KB
Quoting Luciano26
I'm in, short TP = 14796 SL = 14896
Lot more help if you tell us the pair, or better yet upload a chart(s) with support/resistance drawn and your entry/exit. Then we can maybe help you
Thanks bro i appreciate, but profit already collected
Quoting Rub
{quote} Lot more help if you tell us the pair, or better yet upload a chart(s) with support/resistance drawn and your entry/exit. Then we can maybe help you
At least his on the right side of the trade Seems like whole world is short lately.
Quoting Szpons
{quote} At least his on the right side of the trade Seems like whole world is short lately.
Can't load a chart because I've got live trades running.

We have an all time low at 1.1409 Thats my base target for this to be taken out, however I'm taking what it will give me each day.

So before I consider going long I'm looking for a worker close above 1.20 to trade shorter timeframe. Longer timeframes I'd be looking for "normality" above 1.24

I have a buy signal now on GU but I'm standing aside. If it turns at 1.1712 I'm much more comfortable selling BUT if BOE pile in the money it will continue a bullish surge that you can jump on but be careful.

Think of where to trade to.

We are trading with the BOE, Fed, and ECB. So even a 100 pip trade is a "scalp" at the moment. I expect to see big bullish surges as the countries re-align their values. The Fed will need to do something soon.

Just trade what you see long or short but keep your positions small with healthy stops and close profits.

All the fundimentals are fundimentalist! I'm never a bull or a bear, thats just BS..
Private Msgs are turned off to weirdos, loafs and brain drainers
Quoting Rub
{quote} Scrolling back in time, yes (see chart). I didn't as I'd been sitting there all day keeping an eye on the screen and reading. Felt it was time to go outside! Looks like you're doing pretty well out of this chaos yourself. {image}
Ha! I'm just winging it
Private Msgs are turned off to weirdos, loafs and brain drainers
Quoting BeyondTheSea
{quote} Can't load a chart because....
Just trade what you see long or short but keep your positions small with healthy stops and close profits.- same here, I squizing what I can out of higher volatility on lower TFs
Here's todays effort.
First two charts are the support and resistance as I drew them this morning, last chart is my trades.

Note with my first entry, the two candles after it formed a doji on the hourly chart.Around the 4800 level is very strong support, and I moved to BE very quickly.
Yes I do see the short almost straight after, but I wasn't in front of the computer.
That's about 4.5 hours of sitting in front of the screen today, so I'm off to do other things for a while. Might come back for the London session, might not.
Happy enough with today, after taking two losses yesterday when I shouldn't have had to.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUS200H4.png Size: 31 KB
Click to Enlarge Name: AUS200H1.png Size: 45 KB
Click to Enlarge Name: AUS200M5.png Size: 39 KB
GU

Trade what you see

GU Trade what you see MK2

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 32 KB


Private Msgs are turned off to weirdos, loafs and brain drainers
Quoting BeyondTheSea
GU Trade what you see GU Trade what you see MK2 {image}
Much prefer to wait for retracements back toward the strat shadow myself, every time I enter on a new high it seems to bite me in the arse. Different strokes and styles....

Miffed I didn't enter on that EURAUD hammer this morning, blinding obvious that was.
My trade was on GU yesterday.
Thank you very much, MH!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 44 KB
Quoting sangnt0904
My trade was on GU yesterday. Thank you very much, MH! {image}
Good to see new traders here.
Go for it mate.
Stay humble

MH
Quoting Mhons
{quote} Good to see new traders here. Go for it mate. Stay humble MH
Dr. Joe and I today
Thank you so much, MH!
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1.png Size: 55 KB
Quoting BeyondTheSea
GU Trade what you see GU Trade what you see MK2 {image}
Clear chart.
Thank you very much, BTS!
  • Post #12,976
  • Quote
  • Edited Mar 27, 2020 1:43am Mar 26, 2020 10:56pm | Edited Mar 27, 2020 1:43am
Sat and watched this drop today, but didn't enter any positions. H4 and H1 charts are as I drew support and resistance at the start of the day before it opened.

1. There's sort of an entry here, if you ignore that hammer, and that it's nearly on top of support and the 200ema.

2. Again, entry, but right on top of support and a round number.

Not too much to tell really. Glad I didn't lose money like the last couple of days, but kind of a waste of time if I wasn't pottering around keeping an eye on it.

EDIT: and about 20 minutes or so later there was exactly the entry I was looking for...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUS200H4.png Size: 33 KB
Click to Enlarge Name: AUS200H1.png Size: 43 KB
Click to Enlarge Name: AUS200M5.png Size: 36 KB
Quoting sangnt0904
{quote} Clear chart. Thank you very much, BTS!
You are welcome. Keep it simple
Private Msgs are turned off to weirdos, loafs and brain drainers
Quoting Rub
Sat and watched this drop today, but didn't enter any positions. H4 and H1 charts are as I drew support and resistance at the start of the day before it opened. 1. There's sort of an entry here, if you ignore that hammer, and that it's nearly on top of support and the 200ema. 2. Again, entry, but right on top of support and a round number. Not too much to tell really. Glad I didn't lose money like the last couple of days, but kind of a waste of time if I wasn't pottering around keeping an eye on it. EDIT: and about 20 minutes or so later there was...
Have you tried just trading to and from the 5 min swings? It's good to build confidence and even if you only manage 50% accuracy you should be in a small profit. Wait for a shadow change and then exit to the opposite swing.
This is fractal most times so you can scale up. Go through your charts and have a look..
Private Msgs are turned off to weirdos, loafs and brain drainers
Quoting BeyondTheSea
{quote} Have you tried just trading to and from the 5 min swings? It's good to build confidence and even if you only manage 50% accuracy you should be in a small profit. Wait for a shadow change and then exit to the opposite swing. This is fractal most times so you can scale up. Go through your charts and have a look..

Not quite sure what you mean. Can you show me on a chart? As I understand it, the 5 minute chart is trading the swings on the 1hr chart, so if the 1hr chart isn't trending there's not a trade on the 5 minute.
Quoting Rub
{quote} Not quite sure what you mean. Can you show me on a chart? As I understand it, the 5 minute chart is trading the swings on the 1hr chart, so if the 1hr chart isn't trending there's not a trade on the 5 minute.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM5.png Size: 39 KB


I have had to use GBPCAD because I'm in GU at the moment with running trades so I don't trade this but it's close enough to show you.

If you can trade one of these a day all next week and be in the green by next Friday, it's a really good start to build a plan around. The aim is consistency, forget trying to draw levels and just trade what you see on 5 min. You'll begin to know where the levels are on higher timeframes without even needing to use charts after some time and checking now and again.

Without looking this would probably be the same as a 15min Basic PASR...

Build up consistency and then you can build on a profitable plan that suits you.

PS be careful with this Risk Reward must be 2:1 retail mentality. This is good advice for mechanical systems but you must manage your risk when you are in the trades, when you develop add on skills, RR becomes dynamic and I only measure it AFTER the trade, once or more a week I might get a 10+

PPS Trade real small at first and this will help. Dropping all the baggage I have absorbed over the years is the hardest thing but it's like realising you can run 10 miles without water (maybe not in Austrailia though!) so you don't need to carry the weight.
Private Msgs are turned off to weirdos, loafs and brain drainers
1 member viewing:
ndval