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Strat's PASR Long Term, Stress Free Trading

  • #13,281
  • Jul 22, 2020 7:40am Jul 22, 2020 7:40am
Quoting JCMPete
EurJpy 4H Basic PASR 3 Positions in trade. First Position off, other two moved to break even. Pete {image}
Second position off for 80 pips, last position stop loss moved to 50 pips. Target 130 pips, however since I have tied in profit I may let it run if it closes beyond target resistance level.

Pete
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  • #13,282
  • Jul 22, 2020 8:51am Jul 22, 2020 8:51am
Quoting JCMPete
{quote} Second position off for 80 pips, last position stop loss moved to 50 pips. Target 130 pips, however since I have tied in profit I may let it run if it closes beyond target resistance level. Pete {image}
Closed final position for 120 pips, 10 pips short of top of WCC which was the intended target.

Pete
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  • #13,283
  • Jul 22, 2020 3:19pm Jul 22, 2020 3:19pm
Quoting JCMPete
EurJpy 4H Basic PASR 3 Positions in trade. First Position off, other two moved to break even. Pete {image}
I was in a similar trade but got stopped out at BE after I moved my stop. Thought it was struggling to break 123.00 and moved it to protect my $$$
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  • #13,284
  • Jul 23, 2020 3:30am Jul 23, 2020 3:30am
Quoting Rub
{quote} I was in a similar trade but got stopped out at BE after I moved my stop. Thought it was struggling to break 123.00 and moved it to protect my $$$ {image}
Quoting Rub
{quote} I was in a similar trade but got stopped out at BE after I moved my stop. Thought it was struggling to break 123.00 and moved it to protect my $$$ {image}
Hi Rub

I was watching 123 as well but that big gap closing BUEB candle closing strongly above the Big Boss / Boss SR and supported by the Strat Shadow convinced me to place my orders. The next candle on my chart also closed strongly above 123 which sealed it for me.

We were also already in a very nice worker trend following the Big Boss and Boss instructions. Dropped down to 4H to look for an entry.

Regards
Pete
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  • #13,285
  • Jul 26, 2020 10:22pm Jul 26, 2020 10:22pm
Just pure charts and levels.
Trade what you see!
Plan and trade!
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  • #13,286
  • Jul 29, 2020 9:19am Jul 29, 2020 9:19am
Quoting sangnt0904
Just pure charts and levels. Trade what you see! Plan and trade! {image}
Hi sangnt0904

Do you have plan and trade regarding this chart that you would like to share for discussion puposes?

Pete
  • #13,287
  • Jul 29, 2020 11:56pm Jul 29, 2020 11:56pm
Quoting JCMPete
{quote} Hi sangnt0904 Do you have plan and trade regarding this chart that you would like to share for discussion puposes? Pete
Hello Pete,
Maybe the way I trade is simple.
I trade what I see and manage it with my levels.
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  • #13,288
  • Jul 30, 2020 6:02am Jul 30, 2020 6:02am
Quoting sangnt0904
{quote} Hello Pete, Maybe the way I trade is simple. I trade what I see and manage it with my levels. {image}
Hi sangnt0904

I have added your chart below with the Strat Shadow included. I know it is always easier to comment in retrospect than making decisions at the hard right edge but here is my view. I have marked what I think is your entry with the red arrow. I would have preferred the entry marked with the blue arrow. Your add on entry looks fine.

Regards
Pete
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  • #13,289
  • Jul 30, 2020 12:31pm Jul 30, 2020 12:31pm
Hi Pete,
I am not getting SS on my chart as your chart.
At the blue arrow you highlighted, I get BUEB on H1. It's in my MM position so I probably won't add it if I get SS there.

Best regards
Sang
  • #13,290
  • Jul 31, 2020 10:42am Jul 31, 2020 10:42am
Just want to share my opinion!
PA at SR.
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  • #13,291
  • Jul 31, 2020 11:22am Jul 31, 2020 11:22am
What I see is that prices have come out of consolidation and gone up.
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  • #13,292
  • Aug 5, 2020 11:04am Aug 5, 2020 11:04am
GbpCad 1H Basic PASR
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  • #13,293
  • Aug 10, 2020 3:25am Aug 10, 2020 3:25am
Just a quick refresher in the middle of summer holidays. It is funny that market situations that STRAT presented many years ago still working. Rocket science no needed

It is dissapointment that here are no more students for this wonderfull thread and people still looking for shiny indicators elsewhere that will blind their minds.

I hope that STRAT enjoying retimerent.

Stay safe

MH

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  • #13,294
  • Aug 12, 2020 5:52am Aug 12, 2020 5:52am
EurNzd 5M

My Trade did not quite make it to the perceived target at Periscope top. Moved my Stop loss close after long wicks started appearing as price approached Resistance and got stopped out by Doji. I did not want to set a hard target in case price decided to move beyond resistance. No problem. Still made a profit.

Regards
Pete
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  • #13,295
  • Aug 12, 2020 6:37am Aug 12, 2020 6:37am
Quoting JCMPete
EurNzd 5M My Trade did not quite make it to the perceived target at Periscope top. Moved my Stop loss close after long wicks started appearing as price approached Resistance and got stopped out by Doji. I did not want to set a hard target in case price decided to move beyond resistance. No problem. Still made a profit. Regards Pete {image}
Yep, yep
pretty ultimate tool as everything in PASR , just rinse and repeat. Nothing hard ) Did you try dropping TF to see PRICE behave around this level?

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  • #13,296
  • Aug 12, 2020 6:48am Aug 12, 2020 6:48am
Quoting Mhons
{quote} Yep, yep pretty ultimate tool as everything in PASR , just rinse and repeat. Nothing hard ) Did you try dropping TF to see PRICE behave around this level? {image}
Hi Mhons

I actually did not consider dropping down another level from 5M but you raise a good point. On the higher time frames I usually do drop down another level or two to better see what price action is doing but I did no consider it on 5M as I hardly ever go to 1M. However, point taken as PASR works across all time frames.

Thank you for your input.

Pete
  • #13,297
  • Aug 12, 2020 9:39pm Aug 12, 2020 9:39pm
GBPUSD M15
Hope this can help others!
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  • #13,298
  • Aug 12, 2020 10:01pm Aug 12, 2020 10:01pm
EURJPY M15
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  • #13,299
  • Aug 14, 2020 9:14am Aug 14, 2020 9:14am
EURJPY M5
I have added Strat Shadow to show the power of EMA 20.
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  • #13,300
  • Aug 14, 2020 9:43am Aug 14, 2020 9:43am
GBPUSD M5. But I didn't get it
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