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  • #13,941
  • Feb 9, 2021 2:04pm Feb 9, 2021 2:04pm
Nice charts from the last few posts.

Great to hear of the success on the indices.

PASR works because it indicates consensus.

Keep them coming guys.

The more you share, the more confidence you will feel and the better your consistency will be.

Be nice to see some losing trade too.

That way we can look at why.
  • #13,942
  • Feb 9, 2021 4:23pm Feb 9, 2021 4:23pm
Quoting TerryDawe
{quote} A few of my thoughts on this pair: I have been using the most recent static S/R levels along with the daily strat shadow. The S/R levels begin with the December Big Boss candle and I have drawn in green the significant levels as I see them from that candle. At the end of December the BB closed below its high and the first week of January there was one worker attempt to go above that high which failed with a BEEB forming on the worker and a shooting star on the Boss. Price followed through to the downside and closed below the December BB...
Okay boys and girls:
As noted in the latter part of the post, if one wanted to trade the H4.
Check the H4 and H1 especially with regard to the their 200ema.
Personally I was looking at the GBPUSD and EURJPY today and didn't take the time to follow up on this one, pretty stupid..........
Talk about classic Power of Time Frames, PASR and the Strat Shadow for the skeptics.
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  • #13,943
  • Feb 9, 2021 6:54pm Feb 9, 2021 6:54pm
I wanted to ask what % returns are you guys having.

I'm interested only because it leads me on to think of people's risk profiles.

And I could offer some advise in this area.

Do you need hundreds of pips to produce meaningful returns % wise?

Feel free to PM me if that makes you feel more comfortable, but it would be a great discussion base to have on the thread.
  • #13,944
  • Feb 9, 2021 11:04pm Feb 9, 2021 11:04pm
Quoting Baba G
There is some really intelligent work going on here. All of you that post regularly are great. I understand Strat's frustration too, but if you think about it you guys are the 5% that do the work and get results. As for the rest, they should take a page out of your book and you should be an inspiration to them. Which I am sure you are for many of them, even though they are silent for now. It is very important to recognize your limitations in this game and build that algorithm that resonates with your psychology. It is a marathon, not a sprint.

Don't reckon you're looking at me!

Quoting Baba G
Nice charts from the last few posts. Great to hear of the success on the indices. PASR works because it indicates consensus. Keep them coming guys. The more you share, the more confidence you will feel and the better your consistency will be. Be nice to see some losing trade too. That way we can look at why.
You ask for a loosing trade, here's my last one. Posting without comments that I have in my journal. Red line is London open, and a couple of hours after this one price showed another entry for a profitable trade, it was well past my bed time though.
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  • #13,945
  • Feb 10, 2021 12:18am Feb 10, 2021 12:18am
Quoting Baba G
I wanted to ask what % returns are you guys having. I'm interested only because it leads me on to think of people's risk profiles. And I could offer some advise in this area. Do you need hundreds of pips to produce meaningful returns % wise? Feel free to PM me if that makes you feel more comfortable, but it would be a great discussion base to have on the thread.
Hey there Baba G, first time writing to you, nice to meet you! My philosophy is simple i want to earn around 80% profit a year at least. This may sounds much but it is not. Even 100% is possible and i will achieve it. Live account for 3 months now i have a lot until full calendar year. If you trade 28 instruments you will need just 2.85% profit from each pair to reach the goal of 80% profit. 2-3 good PASR trades with nice RR from S/R are enough to make it. I usually risk different amount 1 -2 %. Risking 1.3%, 1.5% or even 2% ,maybe 1.75% makes this goal much easier. I am confident that i can reach 100% profit a year with risk 1.5% per trade on daily charts. Having a plan and goal helped me a lot. I do not overtrade. Stress free. Once i reach my goal of 2.85% profit for any pair lets say GBPUSD i close that chart and do not open it again until i reach my goal on other pairs. This way i have less charts to follow and i am more focused. And the big kahuna is the compound interest rate. Thats the magic for me. Thats how you can make more money in forex. Compound interest rate is really a key for growing your account. Do a research about it . Investing 50-100 $ dollars or your native currency into your account every month without withdrawing anything will have tremendous effect of your growth for few years. Example if you have 80% growth each year with 1000$ or native currency account for five years you will earn 19k /for 5 years/. But if you add to every month 50$ you will end up with 37 000 Dolaridoos for 5 years with total monthly contributions 4K. And that’s with 50$ How about putting 100$ each month to your account? What if you start trading with 3k or 10k for richer countries? Next 9 months will show if math works. yes many times i will miss good trades after stopping to trade some pair, but i actually do not care. It may sounds stupid or extreme, but i feel comfortable trading this way. I trade much better with easier goal to reach. Whats you goal guys?
You attract what you think in any area of life, relationships and trading!
  • #13,946
  • Feb 10, 2021 9:17am Feb 10, 2021 9:17am
Quoting Baba G
Nice charts from the last few posts. Great to hear of the success on the indices. PASR works because it indicates consensus. Keep them coming guys. The more you share, the more confidence you will feel and the better your consistency will be. Be nice to see some losing trade too. That way we can look at why.
No problem at all.

I was not 100% focused after Chicago open after 15:30 and pull the trigger but for oposite direction!! Such a fool

Instead of classic retracement continuation TRADE to support 31 475 got full SL because I went LONG instead of SHORT and my system set up SL in opossite side and until I realised I got SL in few seconds.

Sh*t happens

Move on

MH

EDIT:
second TRADE live right now, finally correct DIRECTION

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  • #13,947
  • Feb 10, 2021 10:35am Feb 10, 2021 10:35am
Quoting strat
{quote} But only 3 comments from the "gallery" - so, OK, I won't post my comments either. Seems I am wasting my time posting on here again - there is not enough participation on here to interest a flea Oh well, back to robbing the 95%!
No, that is not true. It is pretty amazing to see the same people posting here after so many years.

Quoting Baba G
Nice charts from the last few posts. Great to hear of the success on the indices. PASR works because it indicates consensus. Keep them coming guys. The more you share, the more confidence you will feel and the better your consistency will be. Be nice to see some losing trade too. That way we can look at why.


I think you are the first to ever write that on a trading forum - bravo!
Fix up, trade sharp ...
  • #13,948
  • Feb 10, 2021 12:40pm Feb 10, 2021 12:40pm
Quoting JCMPete
{quote} Hi Strat My recent two trades on GbpUsd posted above was taken with using the daily and dropping down to 4H for better risk to reward purposes. Over the last 30 days this strategy has given me three profitable trades on this pair. Over the last year I have been trying to get to grips with the very short term timeframes, below the 1H timeframe but with very little success. This year I have gone back to trading the daily as my primary timeframe but dropping down to 4H and sometimes 1H to get better entries with a smaller stop loss. So far...
It warms the cockles of my heart to see you doing so well Pete, lang may yer lum reek! I have posted many times about finding the time frame which resonates with each individual trader - how long did it take for you to find D1?

When you drop down to H4 and identify a PASR signal, what do you do and how do you trade it if that PASR signal was while you were in the Land of Nod?

Your response to the pizza man and breakdown of PASR opportunities from W1 to D1 and H4 is brilliant and shows you have a really good understanding of PASR - go to the top of the class and hold hands with the beautiful blonde!
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,949
  • Feb 10, 2021 12:48pm Feb 10, 2021 12:48pm
Quoting TerryDawe
{quote} Sorry for not posting but I have been spending way too much of my time analyzing that I hadn't got around to post all of my trades. I did take this signal a few days ago on the daily time frame I also understand your view on lack of participation {image}
Same for you, Terry - you are getting better with each trade.

Be careful of over analysing - it leads to paralysis of analysis and it's not a nice place - I have been there many times and just recently - damned M5 GBPUSD!

Your GBPUSD off the Hammer/break of SR is around 140 pips now - great job
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,950
  • Feb 10, 2021 12:51pm Feb 10, 2021 12:51pm
Mhons, bistolis, Rub, Pete, Terry and others I may have missed - thank you for helping others during my absence - please do not stop just because the pizza man and myself are back posting - your posts are equally as important as ours.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,951
  • Feb 10, 2021 11:40pm Feb 10, 2021 11:40pm
Here's a trade I missed a couple of days ago, didn't see it, or felt it was too close to London open (red line), not entriely sure. It was staring me in the face and I decided to screenshot it later to keep as a "this is a trade".

EDIT:
Quoting strat
Mhons, bistolis, Rub, Pete, Terry and others I may have missed - thank you for helping others during my absence - please do not stop just because the pizza man and myself are back posting - your posts are equally as important as ours.
Not so sure I belong on that list strat. I thought it was the head games holding me back, but I've been told to start over.
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  • #13,952
  • Feb 11, 2021 12:20am Feb 11, 2021 12:20am
Ok, now I'll have a crack at this exercise starting from this post #13769
https://www.forexfactory.com/thread/...4#post13381224

and continued here #13813:
https://www.forexfactory.com/thread/...9#post13387129

(links provided because I hate having to try to find stuff from pages and pages back.)


1. Clear higher low, bullish outside bar after a doji. I would be comfortable taking this, but next resistance is close.

2. Again clear higher low, bullish engulfing bar closing near the high. I would be comfortable taking this with a TP at next resistance.

3. Bullish outside bar, I don't think I would've taken this. I like more of a pullback, although it did test support.

4. Wouldn't have taken this, the long upper wick would put me off.

5. Hammer, but unsure if I would've taken the trade. It doesn't really stick out the way I'd like and it's a low below the last low. Next resistance is ok for a TP.

6. Can't quite see the candle clearly enough at the top to be sure, but I think it's a bearish outside bar. The lower wick and size would put me off, and the next support doesn't give a good risk:reward.

7. Lower high, but I don't see a clear entry that grabs me by the balls and says "look at me!"

Went to mark the second chart and realized it was the same as the first. Onto the next one.

8. Bullish outside bar from the bottom of a range. I probably would not have taken this. I have trouble identifying a range, and the risk:reward wouldn't have tempted me.

9. Almost looks like a pair of train tracks, tests the high of the range. I would've taken this, or the bullish outside bar a few bars later, but next resistance is pretty close for a decent risk:reward.

10. Bearish engulfing bar at resistance. Would've left this alone as it's counter trend.

11. Would have gone long here, as it's with the trend, TP at last high is ok I think for a 1:1 risk:reward.

12. Might have taken this bearish engulfing bar short as it's clearly rejected the recent high, but I have trouble with IDing ranges so it's a toss up. Don't think I could've picked a decent TP, so that would make it a pass.

13. Bearish engulfing bar (just!). I would've avoided it as counter trend.

14. Bearish outside bar again. Straight into support, so would've given it a miss.

15. Bearish outside bar. 50/50 on if I'd have taken it. I like more of a pullback.
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  • #13,953
  • Feb 11, 2021 8:35am Feb 11, 2021 8:35am
Quoting strat
{quote} Same for you, Terry - you are getting better with each trade. Be careful of over analysing - it leads to paralysis of analysis and it's not a nice place - I have been there many times and just recently - damned M5 GBPUSD! Your GBPUSD off the Hammer/break of SR is around 140 pips now - great job
Thanks very much Strat, that is indeed high praise coming from you.
I have been hard at it for five years now with you and getting more and more comfortable with it which is building my confidence.

All because of what you have created here.
It is much appreciated what you do for no personal gain.

Respectfully
Terry
  • #13,954
  • Feb 11, 2021 12:19pm Feb 11, 2021 12:19pm
[quote=Rub;13404388]Ok, now I'll have a crack at this exercise starting from this post #13769

Rub, I though that was brilliant!!

You clearly expressed how you felt about the set ups and why you didn't feel comfortable trading some of the price action set ups. And why you did feel comfortable on others.

You are at the 5 year mark, I guess this from your starting date on your FF handle. To get this far, to be able to read the D1 is brilliant and a good first base.

You should be proud of your progress.

Now, will you get better with practice, yes.

My advice to you is to make a detailed investigation of past D1 charts on the 4 main pairs. Like the chart I posted.

Then do the 4hr and 1hr.

This is the back office work.

At the front end you can keep up with PASR live.

Together these two approaches will give you a foundation, from the past, and a vision for the future.

As you begin to read the D1, 4hr and 1hr ghost trade them. Make a detailed log with all parameters. This way you can do a post mortem on the trades and build a trading profile.

A good solid 6 months of this would do you a world of good.

Post your findings and we can all chip in.

Please everyone
  • #13,955
  • Feb 11, 2021 12:47pm Feb 11, 2021 12:47pm
[quote=Eushev24;13402528]{quote} Hey there Baba G, first time writing to you, nice to meet you!

Nice to meet you too!

Wow what a plan you have.

I am a firm believer and user of compound interest too. Particularly without withdrawals from the account and cash injections.

My questions are;
Is your risk profile based on your profit and loss yield curve across all instruments?

Why would you close a pair to trading when there may be more signals generated later.

Do you understand market mechanics across the more exotic crosses.

Let us know how you get on!
  • #13,956
  • Feb 11, 2021 2:14pm Feb 11, 2021 2:14pm
Quoting Baba G
Quoting Eushev24
{quote} Hey there Baba G, first time writing to you, nice to meet you! Nice to meet you too! Wow what a plan you have. I am a firm believer and user of compound interest too. Particularly without withdrawals from the account and cash injections. My questions are; Is your risk profile based on your profit and loss yield curve across all instruments? Why would you close a pair to trading when there may be more signals generated later. Do you understand market mechanics across the more exotic crosses. Let us know how you get
...
Hey there!

Is your risk profile based on your profit and loss yield curve across all instruments?- I do not understand yor question due to lack of good english. Can you explain it more simple.Google translator sucks too

Why would you close a pair to trading when there may be more signals generated later, because i reached my goal. I do not want to lose it. In my demo trading i did reach my goal for 6 months or so, but i am not sure i can do it every six months. I am planning to open another account and to explore trading beyond my goal, but i do not have enough money for now to do it. I am saving and it will take some time. I know that i miss many opportunities, but i am new to live trading. I need more confidence. Once i feel ready i will explore the market for more 100% guerentee you. I am a fan of small realistic baby steps. I i reach my goal constanly and easy i will lift it. I do not like exotics not all of them, but i like USD/CHN, USDMNX, ZAR crosses too, my broker do not offer best spread for them and i do not trade them.
You attract what you think in any area of life, relationships and trading!
  • #13,957
  • Feb 11, 2021 3:50pm Feb 11, 2021 3:50pm
Hello, thought I would give this a go. It shows the Big Boss and the immediate trend is up. The Weekly Control Candle is shown and drawn from the Weekly but is shown on the mthly. I entered on the worker because it's at a support level and in the shadow. Went down to the H1 in order to see price action and the current H1 CA is a BUOB. Thanks for all those who post because it helps tremendously.
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  • #13,958
  • Edited 10:41am Feb 12, 2021 10:10am | Edited 10:41am
I will not be posting LIVE TRADES very often but I posted this one for a few reasons:

To inspire other PASR traders.

Short time frame PA has been crappy and erratic on the MAJORS all week except today which was much smoother.

CHF owes me mucho grande $$ from the SNB fiasco a few years back so it is nice to get some back.

I have NOT posted it to PROVE anything or succomb to the demands of the Negative Nellies that troll these Forums.

GBPCHF M5

Entry was NY CONTINUATION of London TREND.
I would have normally entered 3 ADD ON trades but I was busy trying to find/trade other MAJOR pairs.
Exit was the SHOOTING STAR stalling at D1 SR

2.15% PROFIT (Pips are meaningless - you can't spend them or pay anything with them)

Text book Classic PASR

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15 YEARS OF PASR ON FOREX FACTORY!
  • #13,959
  • Feb 12, 2021 10:15am Feb 12, 2021 10:15am
Quoting tacokiller
Hello, thought I would give this a go. It shows the Big Boss and the immediate trend is up. The Weekly Control Candle is shown and drawn from the Weekly but is shown on the mthly. I entered on the worker because it's at a support level and in the shadow. Went down to the H1 in order to see price action and the current H1 CA is a BUOB. Thanks for all those who post because it helps tremendously. {image}
Let's wait for other PASR traders to comment
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,960
  • Feb 12, 2021 10:28am Feb 12, 2021 10:28am
Quoting tacokiller
Hello, thought I would give this a go. It shows the Big Boss and the immediate trend is up. The Weekly Control Candle is shown and drawn from the Weekly but is shown on the mthly. I entered on the worker because it's at a support level and in the shadow. Went down to the H1 in order to see price action and the current H1 CA is a BUOB. Thanks for all those who post because it helps tremendously. {image}
Hello and welcome,

first I am sorry but your screenshot hurt my eyes. Do you even see PRICE in these colored templates? IF yes its good but if possible check attachements and download proper template that we use here.

Also please provide us proper 3 timeframe analysis. It is hard to comment when you put only screen of Big boss here. Where is Boss chart, where is worker chart your entry timeframe?

But all of this could be forgotable BUT Where the hell is your stoploss? I cannot see any? DO you have EA that hide your SL? DO you know that markets will close on Friday evening and re open on Monday? Will your account survive GAP with 1 lot position?

A lot of work and reading to do here

MH
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