Strat's PASR Long Term, Stress Free Trading | Page 688 | 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

  • #13,741
  • Jan 26, 2021 1:31pm Jan 26, 2021 1:31pm
Quoting Baba G
Alongside this I want to look at risk, exposure and the creation of a yield curve which is essential to the correct allocation of risk.
Market mechanics, do you know how this impacts your trades?
Hello. i doubt anyone knows about any of the above in here. At least I dont. Much appreciated if you dont mind to educate us.
  • #13,742
  • Jan 26, 2021 1:49pm Jan 26, 2021 1:49pm
GBPUSD

PRICE is approaching CONFLUENCE of:

RN 1.3750
WEEKLY SR
MONTHLY SR

on it's way to Fib Target 1.3955 so expect a choppy ride which means drop down to shorter time frames H1 & M15 always with D1 as your compass

See - I told you the PIZZA MAN was back - complete with his love of AC Milan

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 31 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,743
  • Jan 26, 2021 4:08pm Jan 26, 2021 4:08pm
Strat ! Hi I just checked in here ... really good to see you are back! I hope you are well.
i must come and hang out here more often !
If you can wait and not be tired by waiting...
  • #13,744
  • Jan 26, 2021 6:42pm Jan 26, 2021 6:42pm
Quoting bistolis
{quote} Hello. i doubt anyone knows about any of the above in here. At least I dont. Much appreciated if you dont mind to educate us.
No problem.

Now, apart from the trade selection process, the ability to wait for a set up that matches your entry criterion while also fitting your risk profile, these are fundamental issues which when not properly addressed can turn a winner into a loser.
  • #13,745
  • Jan 26, 2021 6:48pm Jan 26, 2021 6:48pm
Quoting strat
Thank you all for the kind words and appreciation and thanks for those who trade PASR and continue to post and help others on this thread. BabaG For those who have read these threads, you will know that until a misunderstanding, BabaG and I had a trading affinity akin to trading brothers. His strength was my weakness and my strength was his weakness meaning we were killing Forex. Over the last several weeks, BabaG and I have renewed our friendship and decided to put our heads together for the benefit of all on this thread. Expect weird humour and...

PASR maestro is back!

folks get soon and move on in life.... make
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #13,746
  • Jan 26, 2021 7:44pm Jan 26, 2021 7:44pm
Quoting Baba G
{quote} No problem. Now, apart from the trade selection process, the ability to wait for a set up that matches your entry criterion while also fitting your risk profile, these are fundamental issues which when not properly addressed can turn a winner into a loser.

I cannot remember how much losing trades I entered in past simply not waiting for the best trades. Trying to catch falling knifes and trying pick tops..
Focus, Patience, Discipline, Determination and Perseverance
  • #13,747
  • Jan 26, 2021 8:20pm Jan 26, 2021 8:20pm
Quoting Suran
{quote} I cannot remember how much losing trades I entered in past simply not waiting for the best trades. Trying to catch falling knifes and trying pick tops..
Exactly!

Also, you may want to start a journal, and log your trades, in this way you can start weeding out the bad, and focus on the good.

Perhaps, most importantly, these journal entries will be useful when you start to look at your profit to loss ratio, and from there you build your risk profile.

Any Sherlock Holmes fans out there? Remember this quote;

" data, data, data, I cant make bricks without clay!"

.... Same for trading
  • #13,748
  • Jan 26, 2021 9:18pm Jan 26, 2021 9:18pm
Hi everybody!
Glad Strat and BabaG get back on thread. I have been in reverse trading for a while and have found patience and discipline very important in trading. For now, maybe I should go back to trend trading because I see the price going as far as the trend goes. I hope to receive help from everyone.
  • #13,749
  • Jan 27, 2021 12:58am Jan 27, 2021 12:58am
Hey there. Just wanted to share some experience, not sure if there is any value in it, but it saves me many times from getting in losing trades. Not a advice at all. Senior members will say if it is worth it to mention or not. Maybe it is already written in the both threads, not sure i read it as there is too much information. When trading WK/D1/4h combo i basically do not trade longs in the direction of the trend if price on 4hr did not close above the previous week's high /assuming that price is not in WCC/. Previous week high or low tend to act as S/R level in my opinion. Not a new discovery of course it was new for me and i realized it from watching charts and taking many disappointments. Once i "discovered it" i took less bad trades. Many times this signals as early pre"WCC" alarm. Many times i can spot forming WCC from the first candle, actually before it happens. Sorry if this is already discussed or mentioned or if it sounds stupid/irrelevant. Many examples on your chart, just mark the high of the previous week's high in up trends and see what happens when price did not exceed it. Of course like anything in trading this does not happen all the time and every time. Many times this means pause or reversal in 4hr chart, but not always. If this sounds stupid please ignore it
You attract what you think in any area of life, relationships and trading!
  • #13,750
  • Jan 27, 2021 1:10am Jan 27, 2021 1:10am
Quoting Eushev24
Hey there. Just wanted to share some experience, not sure if there is any value in it.... If this sounds stupid please ignore it

This is NO stupid post m8. its a good observation. keep the posts coming..
Focus, Patience, Discipline, Determination and Perseverance
  • #13,751
  • Jan 27, 2021 5:49am Jan 27, 2021 5:49am
Quoting strat
GBPUSD PRICE is approaching CONFLUENCE of: RN 1.3750 WEEKLY SR MONTHLY SR on it's way to Fib Target 1.3955 so expect a choppy ride which means drop down to shorter time frames H1 & M15 always with D1 as your compass See - I told you the PIZZA MAN was back - complete with his love of AC Milan {image}
GbpUsd Active Trade

Currently long from 1,3612. Target 1,3810. Moved stop loss to 1,3641 to lock in a bit of profit. We'll see how it goes.

Pete
Attached Image (click to enlarge)
Click to Enlarge Name: 784c0db7eb750df8e4b3e79943088d3f.png Size: 114 KB
  • #13,752
  • Jan 27, 2021 6:46am Jan 27, 2021 6:46am
Quoting Baba G
Big thanks to Strat for keeping the PASR torch burning, and for all your kind words of welcome. So, we are back in the trading room and looking for some action. Now I am preparing a post on GBP/ USD. We have had a lovely market from back in March when covid locked us down, up to today. Lots of nice price action, easy support and resistance and some obvious take profit targets. Alongside this I want to look at risk, exposure and the creation of a yield curve which is essential to the correct allocation of risk. Market mechanics, do you know how this...
It is great that you are willing to provide your insight even when someone thinks that a question is a stupid one, that is greatly appreciated.
  • #13,753
  • Jan 27, 2021 6:54am Jan 27, 2021 6:54am
Quoting strat
GBPUSD PRICE is approaching CONFLUENCE of: RN 1.3750 WEEKLY SR MONTHLY SR on it's way to Fib Target 1.3955 so expect a choppy ride which means drop down to shorter time frames H1 & M15 always with D1 as your compass See - I told you the PIZZA MAN was back - complete with his love of AC Milan {image}
Strat,

Since fibs can be drawn differently, can you say where you have your fib and on what time frame?
I have drawn a fib on this pair using the BB for long term but obviously there are many other fibs on the shorter time frames. Also when you say fib target are you using fib extensions?
I don't think this is a stupid question but I am just trying to figure out your thinking on this.

Thanks and it is great to see that you are letting your presence be known again on the thread. Normally when I open it up in the morning there is very little new to read but since your note yesterday lots of interest seems to be coming back.

It is wonderful of you and Baba G since obviously both of you make your living trading and there is no reason other than giving to others that would have you provide your time and expertise on this thread.

Regards
Terry
  • #13,754
  • Edited 7:29am Jan 27, 2021 7:15am | Edited 7:29am
Quoting JCMPete
{quote} GbpUsd Active Trade Currently long from 1,3612. Target 1,3810. Moved stop loss to 1,3641 to lock in a bit of profit. We'll see how it goes. Pete {image}
Great entry signal Pete, classic hammer at support (demonstrating significance of the Strat shadow).
What time zone do you live since this signal occurred at the start of the London session and I only saw it well after it appeared. By the time I got to my charts in the morning price had already reached the H1 resistance level.

Yesterday the worker finished with a BUEOB that closed above the WCC but met resistance at the worker high. The candle closed above the inside bar but failed to close above the previous candle.

At the time of writing, price is retracing back to the top of the WCC that was broken yesterday so I am watching for a PA signal to get long. I think as Strat suggested the M15/H1 would be an appropriate time frame to be looking for this signal.

I would think that Strat is making some pips on this low time frame retrace.

Regards
Terry
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 38 KB
Click to Enlarge Name: GBPUSDM15.png Size: 36 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 46 KB
  • #13,755
  • Jan 27, 2021 8:02am Jan 27, 2021 8:02am
Hello to all of you,

maybe some of you still know me, I was active in this threat until the beginning of 2019. Unfortunally I had some serious health issues starting at the beginning of 2019, which I had to fix first (don't want to bother you with any details). That took more then 1 year and in this time I stopped trading completly (as health & family first).
But since almost 6 months I am back to trading, I never left the path and I try to post more again. Some names in this threat are still familiar to me, so I am happy that you guys are still on the path and help others.

So here is my first one for today:

AUD USD M5 Trend Trading

Attached Image (click to enlarge)
Click to Enlarge Name: AUD USD_202101127.JPG Size: 111 KB

Greetings...
  • #13,756
  • Jan 27, 2021 9:56am Jan 27, 2021 9:56am
Couple of trades today

EURUSD M5

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 33 KB

GBPNZD M5
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM5.png Size: 42 KB

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #13,757
  • Jan 27, 2021 11:51am Jan 27, 2021 11:51am
Quoting darshana1991
M5 TRADING EUR/USD {image}
Good job, you locked onto that M5 trend
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,758
  • Jan 27, 2021 12:03pm Jan 27, 2021 12:03pm
Quoting Eushev24
Hey there. Just wanted to share some experience, not sure if there is any value in it, but it saves me many times from getting in losing trades. Not a advice at all. Senior members will say if it is worth it to mention or not. Maybe it is already written in the both threads, not sure i read it as there is too much information. When trading WK/D1/4h combo i basically do not trade longs in the direction of the trend if price on 4hr did not close above the previous week's high /assuming that price is not in WCC/. Previous week high or low tend to act...
If it works for you then keep doing it. It would not work for me since you are using the Weekly as your bench mark which means you are basically trading the Weekly chart.

As the Pizza Man posted - from now on there are no stupid questions so ask away.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,759
  • Jan 27, 2021 12:06pm Jan 27, 2021 12:06pm
Quoting JCMPete
{quote} GbpUsd Active Trade Currently long from 1,3612. Target 1,3810. Moved stop loss to 1,3641 to lock in a bit of profit. We'll see how it goes. Pete {image}
Wow Pete, you must really love wild swings - today's Grand Old Duke of York action would have done my head in!
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,760
  • Jan 27, 2021 12:22pm Jan 27, 2021 12:22pm
Quoting TerryDawe
{quote} Strat, Since fibs can be drawn differently, can you say where you have your fib and on what time frame? I have drawn a fib on this pair using the BB for long term but obviously there are many other fibs on the shorter time frames. Also when you say fib target are you using fib extensions? I don't think this is a stupid question but I am just trying to figure out your thinking on this. Thanks and it is great to see that you are letting your presence be known again on the thread. Normally when I open it up in the morning there is very little...
Definitely not a stupid question, Terry.

See the chart. I need to capture the latest price action swings but when you add the fib extension to different time frames you will see a confluence of targets within several pips. Start using both fib tools and you will see many more trading opportunities but remember, it is ONLY a tool - it is not cast in concrete - PASR usurps that.

By the way Terry, looking back at your recent posts, it seems the penny has finally dropped and you have got your mojo working - well done!

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 36 KB
15 YEARS OF PASR ON FOREX FACTORY!
0 traders viewing now