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MY PASR journey Based on Strat's PASR Trading 76 replies

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Attachments: Strat's PASR Long Term, Stress Free Trading
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Strat's PASR Long Term, Stress Free Trading

Quoting BeyondTheSea
GN Quick 50 {image}
Do you mind if i ask why you traded the counter trend? What was the big boss and boss up to at the time, or was it more of a PASR entry. I only ask because I am new and slowly making my way through the data so am just curious really.

NVM I just read a post from strat about the 5m trend strategy

Thanks
I'm researching and experimenting with machine learning in python with Strat's trading. If anyone is active in this already, please pm me and we can compare notes.
Quoting nigpig
I'm researching and experimenting with machine learning in python with Strat's trading. If anyone is active in this already, please pm me and we can compare notes.
I am curious as to what that sentence means .
This is my second Basic PASR trade I have just taken. Pair is NZD CHF.

Why I entered:

  1. Price has respected the 20 EMA (red line) in the previous months
  2. Very close to the 20 EMA, there is a resistance as well at 0.5795. Price has touched the resistance many times but it still holds
  3. Price formed a small body hammer (a case could be made for a doji)
  4. Good Risk:Reward ratio 1:3

Trade was done on a demo and lot size is 0.01.

Comments welcome. Cheers.

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Quoting Mhons
{quote} Rub. What the hell? 1. entry fine, why did you not close at least partial profit at shooting star 3 candles later? You would be in green 2. I totally do not understand this entry and make no sense to me, which PA after retarecement lead you enter again to long? Price not made new high and overall candles are bad, do you see inside candles and then PRICE closed below these you should get out (not even open trade at first place) 3. This entry was totally bad. I am sorry that I have to tell it to you please take it as help. it is not shooting...

Thanks for the feedback. I was thinking about taking profit at the shooting star, but the little people got the better of me and I just moved it to break even. And then the little people really screwed me.
Good to know I'm at least starting to recognize this stuff, it's a long way from where I was a few months ago.
Quoting Udkox
This is my second Basic PASR trade I have just taken. Pair is NZD CHF. Why I entered: Price has respected the 20 EMA (red line) in the previous months Very close to the 20 EMA, there is a resistance as well at 0.5795. Price has touched the resistance many times but it still holds Price formed a small body hammer (a case could be made for a doji) Good Risk:Reward ratio 1:3 Trade was done on a demo and lot size is 0.01. Comments welcome. Cheers. {image}
I don't see anything wrong with this, it's even from the top of a WCC. The only thing that bothers me is it doesn't "stand out" at the top.
Quoting Udkox
This is my second Basic PASR trade I have just taken. Pair is NZD CHF. Why I entered: Price has respected the 20 EMA (red line) in the previous months Very close to the 20 EMA, there is a resistance as well at 0.5795. Price has touched the resistance many times but it still holds Price formed a small body hammer (a case could be made for a doji) Good Risk:Reward ratio 1:3 Trade was done on a demo and lot size is 0.01. Comments welcome. Cheers. {image}
To me this is a risky trade.comments are on the chart.Just my thoughts.

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Focus, Patience, Discipline, Determination and Perseverance
I didn't take any trades today, but here's what I saw. Starting with the 4hr and 1hr charts before the session, and the 5min chart at the end of the day. Red line is just before it opened.

Way I see it is big boys drove price to support after the open, gave people an opportunity to go short, then drove it up and went to lunch. Post lunch they shook out the shorts again and took it up to their real target for the day and the last half a dozen bars are profit taking. Still, I think there were a couple of opportunities to take a bite out of the market.
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Quoting Ipodbob
{quote} Do you mind if i ask why you traded the counter trend? What was the big boss and boss up to at the time, or was it more of a PASR entry. I only ask because I am new and slowly making my way through the data so am just curious really. NVM I just read a post from strat about the 5m trend strategy Thanks
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This what I saw at the time; starting with price stopping, then I notice the big bearish bar at the end of a biggish trend, then consolidation and then a trend forming within that consolidation.

When I see this stuff I'll go higher to have a look at what might be happening.

Looking at the H1 chart I formed, rightly or wrongly my own story..

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I was looking for a higher take profit but it then it went into a wicked 60 pip range afterwards which GBPNZD does, it has since got to where I thought it was heading. It can be difficult to trade so be careful.
Private Msgs are turned off to weirdos, loafs and brain drainers
Quoting Udkox
This is my second Basic PASR trade I have just taken. Pair is NZD CHF. Why I entered: Price has respected the 20 EMA (red line) in the previous months Very close to the 20 EMA, there is a resistance as well at 0.5795. Price has touched the resistance many times but it still holds Price formed a small body hammer (a case could be made for a doji) Good Risk:Reward ratio 1:3 Trade was done on a demo and lot size is 0.01. Comments welcome. Cheers. {image}
Good effort. Maybe start your postings with what the Big Boss, Boss and Worker looks like as well? Learn about trend reversals.

Lose the simulated broker volume, it's useless to you and takes up your screen space.
Private Msgs are turned off to weirdos, loafs and brain drainers
Quoting BeyondTheSea
{quote} {image} This what I saw at the time; starting with price stopping, then I notice the big bearish bar at the end of a biggish trend, then consolidation and then a trend forming within that consolidation. When I see this stuff I'll go higher to have a look at what might be happening. Looking at the H1 chart I formed, rightly or wrongly my own story.. {image} I was looking for a higher take profit but it then it went into a wicked 60 pip range afterwards which GBPNZD does, it has since got to where I thought it was heading. It can be difficult...
Thanks for explaining BTS, I will continue my studies and start a demo at some point
Quoting BeyondTheSea
{quote} {image} This what I saw at the time; starting with price stopping, then I notice the big bearish bar at the end of a biggish trend, then consolidation and then a trend forming within that consolidation. When I see this stuff I'll go higher to have a look at what might be happening. Looking at the H1 chart I formed, rightly or wrongly my own story.. {image} I was looking for a higher take profit but it then it went into a wicked 60 pip range afterwards which GBPNZD does, it has since got to where I thought it was heading. It can be difficult...
Hi BeyondTheSea,

Thank you for the valuable explanation. You are a mind reader.

Regards,

Tie
Hi everybody
Today, I have a trader on USDCAD
I escaped by myself when the candle closed into the shadow, a very small loss
Can anybody comment on this trader help me, thanks
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Quoting DuaCaMamMuoi
Hi everybody Today, I have a trader on USDCAD I escaped by myself when the candle closed into the shadow, a very small loss Can anybody comment on this trader help me, thanks {image}
Could you explain why you traded in the first place ? I don't trade M5, but I will say your entries look completely random to me.
Quoting Rub
{quote} I don't see anything wrong with this, it's even from the top of a WCC. The only thing that bothers me is it doesn't "stand out" at the top.
Thanks Rob, you are right, the Shooting Star doesn't look too good. But I read somewhere that perfect setups don't exist! It does look better in this chart, which is the one I take a peek at when at work.

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Quoting Suran
To me this is a risky trade.comments are on the chart.Just my thoughts.
I agree, all those wicks bothered me a bit too, and the PA isn't great either. Another reason why I traded it is to gain experience. I probably would not have traded it with real money yet.

Quoting BeyondTheSea
Good effort. Maybe start your postings with what the Big Boss, Boss and Worker looks like as well? Learn about trend reversals.
Lose the simulated broker volume, it's useless to you and takes up your screen space.
I will, thanks!
Quoting DuaCaMamMuoi
Hi everybody Today, I have a trader on USDCAD I escaped by myself when the candle closed into the shadow, a very small loss Can anybody comment on this trader help me, thanks {image}
1. first why did you trade pair that is not traded in Europe trading hours? Trade it when it is the most volatilite so you could get the most possible amount of pips from MARKET

2. second where are your S/R zones? You are like driver without eyes

3. Besides all of above you opened trade 1 hour before NY open, PRICE touched support twice YOU WOULD´VE KNOW THAT IF YOU HAVE THERE SUPPORT and reversed after NY open, keep going you will get there but you should more read than trade or you will loose all your money.



Green pips
MH

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Quoting Mhons
{quote} 1. first why did you trade pair that is not traded in Europe trading hours? Trade it when it is the most volatilite so you could get the most possible amount of pips from MARKET 2. second where are your S/R zones? You are like driver without eyes 3. Besides all of above you opened trade 1 hour before NY open, PRICE touched support twice YOU WOULD´VE KNOW THAT IF YOU HAVE THERE SUPPORT and reversed after NY open, keep going you will get there but you should more read than trade or you will loose all your money. Green pips MH {image}
Thanks for your comment,
1. UC has ART (10 days) = 208 pips, but I will notice your comment
2. I have S / R but also under your S / R
3. My 1h open candle the way NY open is 2h
- review of your S / R: I found that: the price was no longer respected (black box), so I dropped it
Thanks again for your sincere review
sorry because english is not my native language
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Quoting Udkox
{quote} Could you explain why you traded in the first place ? I don't trade M5, but I will say your entries look completely random to me.
My 2 entry points
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Quoting DuaCaMamMuoi
{quote} Thanks for your comment, 1. UC has ART (10 days) = 208 pips, but I will notice your comment 2. I have S / R but also under your S / R 3. My 1h open candle the way NY open is 2h - review of your S / R: I found that: the price was no longer respected (black box), so I dropped it Thanks again for your sincere review sorry because english is not my native language {image}
1. UC has ART (10 days) = 208 pips, but I will notice your comment

ATR has nothing to do with volatility during the day... if you want to trade London hours pick pairs that move in London hours...
Quoting DuaCaMamMuoi
{quote} My 2 entry points {image}
Hi,

I'd prefer the shooting star next to your lower back box for second entry. The trade were too late for me. I would get out as soon as the PA told me so for 5M trade. and I would not check H4 for confirmation for the exit.

I am still reading and understanding as much as I could.

Missed a 5m trade for EURAUD today. The WCC SR and PA told everything.

Regards,
Tie
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