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Strat's PASR Long Term, Stress Free Trading

  • #13,801
  • Jan 29, 2021 8:46am Jan 29, 2021 8:46am
Got another straddle on M1 after topping out
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  • #13,802
  • Jan 29, 2021 9:04am Jan 29, 2021 9:04am
Quoting TerryDawe
Got another straddle on M1 after topping out {image}
thanks for the examples Terry
  • #13,803
  • Jan 29, 2021 11:43am Jan 29, 2021 11:43am
Quoting Suran
{quote} Hi Strat , Thank you very much for the lessons. Are you trading all the news with PASR this way or any particular news..? I mean do you avoid NFP or it doesn't matter to you.. Rgds Suranga
NFP is tricky and not for the feint hearted. PRICE will do a knee jerk reaction opposite to the immediate trend and then usually, but not always, continue in the direction of the prior trend. I wait for the volatility to settle which is normally around 15 minutes before making a trade.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,804
  • Jan 29, 2021 11:54am Jan 29, 2021 11:54am
Quoting peterhenders
Ok, the Miss's had shut her mouth for 27 minutes so I found some time up my sleeve. I may even do some studies on SUPER GLUE and see if I can get time to post more charts. There is nothing better than trading from sup-res using price action and it is enough to make any trader live a comfortable life. I have added the following chart as the way I have been trading for the past number of years. I have only recently discovered the use of the 9ema and this is the tool that was used, from students, to identify additional entries. In my personal trade...
Our PASR chart is much CLEANER and much easier to follow PRICE ACTION. Had you read the thread you would know that we do not trade moving averages. Furthermore it is not 63 ema.

Thank you for your posts but this thread is PASR ONLY so you may want to start your own thread for your method.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #13,805
  • Jan 29, 2021 12:17pm Jan 29, 2021 12:17pm
Quoting TerryDawe
Got another straddle on M1 after topping out {image}
Wait a minute Terry, aren't you the guy who couldn't get the hang of these short time frames?

Well done but your SL is too far away for M1 trading - it should be at the candle 5 bars back - if PRICE closes above that candle then the M1 DOWN swing is FINISHED - also, do not use a SL with more than 10 pips for M1 trading.

New balls as the Pizza Man would say!
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,806
  • Jan 29, 2021 12:41pm Jan 29, 2021 12:41pm
Quoting strat
{quote} Wait a minute Terry, aren't you the guy who couldn't get the hang of these short time frames? Well done but your SL is too far away for M1 trading - it should be at the candle 5 bars back - if PRICE closes above that candle then the M1 DOWN swing is FINISHED - also, do not use a SL with more than 10 pips for M1 trading. New balls as the Pizza Man would say!
Thanks Strat,

I was mainly using the M1 because I was looking for straddles to demonstrate their value and they are pretty easy to find at this level.
If I do decide to trade the M1 or M5 I will definitely follow your valuable advice on stop loss placement.

Also doing this exercise allowed me to practice using the shadow.

Regards and have a good weekend
It is really great to have you back
Terry
  • #13,807
  • Jan 29, 2021 3:08pm Jan 29, 2021 3:08pm
Quoting strat
{quote} Our PASR chart is much CLEANER and much easier to follow PRICE ACTION. Had you read the thread you would know that we do not trade moving averages. Furthermore it is not 63 ema. Thank you for your posts but this thread is PASR ONLY so you may want to start your own thread for your method. {image}
Strat, How TF is your chart much clearer? You have plotted 3 moving averages and so have I.
I did not say anything about the 63ema only that I cant seem to like it. I did not say it was and I did not say it was not. Put your f'n glasses on mate.
Now about PASR - price does not need your permission to make a new support or a new resistance. Every time a candle closes there is a new sup/res, it can be seen in the lower time frames. The hidden secret with the close price was about to be told here- but your feed of stupidity prevented that from happening.
I really don't think there is much more to say here or anything that I will gain from your thread as it now seems to be a one way path where one says this thread is PASR only and the other person talks about PASR only but there are two meanings. I am using my ema's at an advanced concept that seems to be one up on you.
Strat, I dont need your thread, or your reply, so find a bucket.
  • #13,808
  • Jan 30, 2021 4:36am Jan 30, 2021 4:36am
Quoting peterhenders
{quote} Strat, How TF is your chart much clearer? You have plotted 3 moving averages and so have I. I did not say anything about the 63ema only that I cant seem to like it. I did not say it was and I did not say it was not. Put your f'n glasses on mate. Now about PASR - price does not need your permission to make a new support or a new resistance. Every time a candle closes there is a new sup/res, it can be seen in the lower time frames. The hidden secret with the close price was about to be told here- but your feed of stupidity prevented that from...
lol no comment
  • #13,809
  • Jan 30, 2021 7:46am Jan 30, 2021 7:46am
[quote=peterhenders;13385688]{quote} The hidden secret with the close price was about to be told here- but your feed of stupidity prevented that from..
I will give it a try....you are 13 years old?
You attract what you think in any area of life, relationships and trading!
  • #13,810
  • Jan 30, 2021 9:03am Jan 30, 2021 9:03am
Quoting peterhenders
{quote} Strat, How TF is your chart much clearer? You have plotted 3 moving averages and so have I. I did not say anything about the 63ema only that I cant seem to like it. I did not say it was and I did not say it was not. Put your f'n glasses on mate. Now about PASR - price does not need your permission to make a new support or a new resistance. Every time a candle closes there is a new sup/res, it can be seen in the lower time frames. The hidden secret with the close price was about to be told here- but your feed of stupidity prevented that from...
How's live trading going ?
Stick to your billionaire thread
Let the real traders learn.
  • #13,811
  • Jan 31, 2021 7:23am Jan 31, 2021 7:23am
Quoting peterhenders
{quote} Strat, How TF is your chart much clearer? You have plotted 3 moving averages and so have I. I did not say anything about the 63ema only that I cant seem to like it. I did not say it was and I did not say it was not. Put your f'n glasses on mate. Now about PASR - price does not need your permission to make a new support or a new resistance. Every time a candle closes there is a new sup/res, it can be seen in the lower time frames. The hidden secret with the close price was about to be told here- but your feed of stupidity prevented that from...
Very disrespectful and rude. One provides years of knowledge and expertise to develop a methodology which is shared at no cost and only to benefit those who are interested in learning this methodology. If interested, take the time and energy to learn this methodology, if not, simply don't.
  • #13,812
  • Edited 11:14am Jan 31, 2021 9:55am | Edited 11:14am
Quoting TerryDawe
While looking for PA to get long back into the GBPUSD on M15 or H1, dropped down to the M5 and entered there. Not trading as M5, only used for early entry. Price moved back through the top of the WCC so will see how the worker closes EOD. {image}
This was a terrible trade:
I unrealistically expected price to move back up through the WCC and stay above it. I got a good entry on low time frame and the H4 candle closed as a bullish candle above the shadow. I was waiting for EOD close and should have checked the status on H1 and H4 through the day (which I didn't because I was trying not to interfere with the trade).
Had I checked I would have seen the strong bearish candle on almost all lower time frames at the 1.3720 area, including straddles.
The other thing I got totally wrong is where I placed my stop loss. I put it below the H4 bullish candle and it should have gone below the last H4 swing low. Had it been there I would not have been stopped out overnight.
In hindsight I said I entered on the M5 but was not trading the M5 time frame and had i stayed with the M5 time frame I would been able to exit with a nice 40 pip trade.
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  • #13,813
  • Jan 31, 2021 5:17pm Jan 31, 2021 5:17pm


Above you see part 1 of 6 charts which take the D1 chart from last week onto the 4 hr bar time frame.
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  • #13,814
  • Jan 31, 2021 5:22pm Jan 31, 2021 5:22pm
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  • #13,815
  • Jan 31, 2021 5:24pm Jan 31, 2021 5:24pm
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  • #13,816
  • Jan 31, 2021 5:28pm Jan 31, 2021 5:28pm
A good exercise here is to compare and contrast the daily chart I posted with these lower time frame charts.

They are of the same pair.

look at how much information there is.

What can you see?

let me know your questions

G
  • #13,817
  • Edited 10:06am Feb 1, 2021 7:01am | Edited 10:06am
Quoting Baba G
What can you see? let me know your questions G

Ok I will give it a go....


This is what I see....

(Yellow marked in your chart )

1.BUOB at prior S/R level unable to close below. this is a indication that price is wanting to go to the next level. Longs open

2. 2-Day pin at major S/R level. take half of profits and breakeven longs or stoploss at bottom break of this BEEB. Break of this BEEB or 2-day pin means sells initiated.

3. Daily pin ..stop loss at above this pin (for sells). Break above this pin means collapse of price action bar.so sells exits for little scrach

4. 2-day pin again at prior level. this is also a liquidity hunt. Stops triggered. Using 4-Hr charts (4a at 4-hr chart) we can see the Price consolidating the EYE of 2-day pin. next 4Hr BUEB tells PRICE willing to go to the next level. safe to enter longs.. If you survived the coil (4b in H4 chart) at the S/R level then the break of the coil means money in the bank..

5. Until the pin at 5 price gave no indication for sells. exist long orders and initiated sells.

6. Stops above Pin at 6

7. Stops above BEOB at 7 . Need to be careful with 2-day pin at 1.22657 level

8 . collapse of PRICE action bar at 8 means exit shorts or B/E

9. TBHLC - at a level. enter shorts..

10. pin at S/R level break even shorts. BUEB after that pin signals bulls active.

11. Daily pin at Resistance. even though we small bar to my liking ..enter shorts. the next two contrary pins gives me ghoose bumps..so might tighten my stops.

12. sell pin at S/R level .sells initiated. 3rd bar after this sell pin again gave us a pin but did not break above .so sells safe.

13. sells are safe until DBLHC at 13. may be tighten stops .

14. collapse of BEOB means exit shorts .however No new shorts taken at this place because we are selling in to Support level.

15. very small pin at Support. not for my liking.

16. if longs entered at 15 then it can ride till pin at 16 based on how you manage it. sells entered here.

17 . break of BUOB at 17 means sells exit for minor scratch.

18. Sell at 18 gives me head scratching because the Support at 1.35000

19 . Pin at 19 means PRICE wanting to test next level. Buys entered.



This is what I see in your chart.. Your review greatly appreciated... SIR

Daily
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H4
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Rgds

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #13,818
  • Feb 1, 2021 9:59am Feb 1, 2021 9:59am
1st try of M1 chart

M1 Trading
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  • #13,819
  • Feb 1, 2021 10:41am Feb 1, 2021 10:41am
Quoting darshana1991
1st try of M1 chart M1 Trading {image}
not PASR at all
profitable outcome is not equal to a good trade . this looks more like a coinflip trade that became profitable
I recommend to go over the thread again, and study the examples
out of curiosity, how did you manage to get this graph?
what went wrong after the nice curve?
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  • #13,820
  • Edited 11:50am Feb 1, 2021 11:28am | Edited 11:50am
Quoting bistolis
{quote} not PASR at all profitable outcome is not equal to a good trade . this looks more like a coinflip trade that became profitable I recommend to go over the thread again, and study the examples out of curiosity, how did you manage to get this graph? what went wrong after the nice curve? {image}

I think I know what's happening...

May be that graph is a result of Martingale...sh**t...or may be he can explain why he hide his martingale explorer. .after my criticisms.?

or May be this is what happens when you get addicted to martingale shit and trying to get rich quick...


Edit

Or may be he forgot he trading with $100 account and think he can win every time with martingale shit...
Or may be he is soo dumb that he thinks he can read here and there and trade..and win big
Or may be he is soo dumb that he thinks he can find a secret source to trade and win big here..
Or may be he is soo dumb that he thinks he can find quick fixes to his financial problems by trading martingale shit..
Or may be he do not know that long lasting consistently profitable trading is a result of lot of hard work..

Or may be I am sooooo dumb that wasting my time worrying about this guy...which I never seen

After many wasted hours via phone and zoom..I think my advices just fell on deaf ears..


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Focus, Patience, Discipline, Determination and Perseverance
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