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Strat's PASR Long Term, Stress Free Trading

  • #15,001
  • Mar 5, 2022 8:54am Mar 5, 2022 8:54am
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  • #15,002
  • Mar 5, 2022 9:04am Mar 5, 2022 9:04am
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  • #15,003
  • Mar 5, 2022 9:04am Mar 5, 2022 9:04am
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  • #15,004
  • Mar 5, 2022 9:05am Mar 5, 2022 9:05am
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  • #15,005
  • Mar 5, 2022 7:04pm Mar 5, 2022 7:04pm
Quoting strat
While waiting for PRICE to settle during NFP, I looked at the currencies and realised how trendy they currently are so I will be adding these to my trading. I last traded currency futures in 1997 so I need to get up to speed with them. Here is what I saw on the M1 EURO: {image}
Thank you for posting here!
I am grateful for what you have conveyed to the people here.
Why do you like to look at the chart on M1 when M5 chart has many good entries, Strat?
Maybe you don't want to spend a lot of time on the computer screen like the previous posts you mentioned.
  • #15,006
  • Mar 6, 2022 8:37am Mar 6, 2022 8:37am
Quoting Sanji
{quote} Thank you for posting here! I am grateful for what you have conveyed to the people here. Why do you like to look at the chart on M1 when M5 chart has many good entries, Strat? Maybe you don't want to spend a lot of time on the computer screen like the previous posts you mentioned.
Thank you for posting here!

I will continue to post as long as there is activity on here from people who are serious about learning PASR.

Why do you like to look at the chart on M1 when M5 chart has many good entries, Strat?

My trading screen is split with M1 & M5. I watch M5 for PASR set ups and enter with confirmation on M1. After entry, I watch M5 to monitor the trades and stay in any trend. I then watch M5 for exhaustion/TP set ups and exit with confirmation on M1. When PA is erratic on M5, I scalp M1.

I trade M1 because of my position sizes (Money Management). I can get out quicker and with smaller losses on M1 than continue holding on M5. I can also trade M5 spikes better on M1. I also use M5 PASR to add on to M1 positions.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,007
  • Mar 6, 2022 8:40am Mar 6, 2022 8:40am
Quoting TerryDawe
{quote} You're right Strat, there are some nice trending pairs in forex also if you choose the right ones. And for those who would like to trade the higher time frames than the M1 or M5 check out this H4. {image}
You're right Strat, there are some nice trending pairs in forex also if you choose the right ones. And for those who would like to trade the higher time frames than the M1 or M5 check out this H4.

Just like old times, Terry.

I don't understand why people are not posting their PASR trades on here - maybe they are too fat and happy.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,008
  • Mar 6, 2022 6:00pm Mar 6, 2022 6:00pm
Quoting strat
{quote} You're right Strat, there are some nice trending pairs in forex also if you choose the right ones. And for those who would like to trade the higher time frames than the M1 or M5 check out this H4. Just like old times, Terry. I don't understand why people are not posting their PASR trades on here - maybe they are too fat and happy.

'fat and happy' ... PASR trader

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #15,009
  • Edited Mar 8, 2022 4:48am Mar 7, 2022 2:25pm | Edited Mar 8, 2022 4:48am
I like this strategy...read a few hours and played around with it a bit on Demo today (M5 Trend PASR Strategy):
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  • #15,010
  • Mar 9, 2022 3:40am Mar 9, 2022 3:40am
Nice M5 PASR trend trade after pullback to 20ema / Strat Shadow and break of BUEB/BUOB, confirmation on M1 (trendline break):
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  • #15,011
  • Mar 9, 2022 5:55am Mar 9, 2022 5:55am
Quoting strat
{quote} ...My trading screen is split with M1 & M5. I watch M5 for PASR set ups and enter with confirmation on M1. After entry, I watch M5 to monitor the trades and stay in any trend. I then watch M5 for exhaustion/TP set ups and exit with confirmation on M1. ...
Hi strat,

can you please describe how YOU use M1 as confirmation for entries/exits for trades on M5?

Thanks!
  • #15,012
  • Mar 9, 2022 7:07am Mar 9, 2022 7:07am
Quoting strat
{quote} ... I don't understand why people are not posting their PASR trades on here - maybe they are too fat and happy.
I suspect people have been tweaking it with their own favourite EMAs.
I bet it's Fibos such as 21/89. And their own favourite bottom-of-screen indicator. (mine's a Stochastic)

Great thread and method.
I really like first few pages, lots of info, and most will skim through until they start seeing pretty charts.
  • #15,013
  • Edited 9:58am Mar 10, 2022 8:14am | Edited 9:58am
Man, this system is awesome...I doubled my demo account from $250.000 to over $500.000 in just 4 days . Time to take some prop firm challenges...
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  • #15,014
  • Mar 12, 2022 2:57am Mar 12, 2022 2:57am
Quoting Olarion1975
Man, this system is awesome...I doubled my demo account from $250.000 to over $500.000 in just 4 days . Time to take some prop firm challenges... {image} {image}
Please can you share this trade Summary Indicator. Thank you in advance
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #15,015
  • Mar 12, 2022 4:05am Mar 12, 2022 4:05am
Quoting martinez1
{quote} Please can you share this trade Summary Indicator. Thank you in advance
Sure, mate.
Attached File(s)
File Type: mq4 TradeReport_compact - v.1.04.mq4   153 KB | 469 downloads
  • #15,016
  • Mar 12, 2022 8:40am Mar 12, 2022 8:40am
Quoting Olarion1975
{quote} Hi strat, can you please describe how YOU use M1 as confirmation for entries/exits for trades on M5? Thanks!
Now that you have asked the question, I realised I used the wrong wording - I should have said "use M1 for better (cheaper) entries and more profitable exits".
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,017
  • Mar 12, 2022 9:12am Mar 12, 2022 9:12am
Quoting Olarion1975
Man, this system is awesome...I doubled my demo account from $250.000 to over $500.000 in just 4 days . Time to take some prop firm challenges... {image} {image}
Man, this system is awesome...I doubled my demo account from $250.000 to over $500.000 in just 4 days

Sorry, but I don't like to spoil your party.

Demo trading does not prove either you or the method is profitable.

Here on PASR, we ONLY use demo trading to prove a trader's technical understanding of PASR. The reasons for this are:

1) Demo accounts are heavily manipulated by your broker to make you look good so that you will invest and trade more money with them.

2) Demo trading is a superficial process as it does not engage the trader's mind - it is no better than playing Monopoly.

3) Demo trading with any $ amount other than the $ amount you will actually trade with is a further falsification of the results.

What I recommend is to first paper trade rather than demo trade using the actual $ amount you will fund your trading account with.

Better than this is to trade live with the smallest lot size your broker offers. This brings you into the REAL, LIVE world of trading as it engages your trading mind which will bombard you with emotions you never knew you had before - particularly your FEAR and GREED emotions. When you are trading LIVE at the hard right edge - you will face gremlins playing havoc with your mind and physical being.

The profitability in trading does not come from the method - it comes from trading psychology - how you control your emotions (fear and greed) in the heat of the battle AT THE HARD RIGHT EDGE and then apply them with DISCIPLINE to sound Money Management principles.

Time to take some prop firm challenges...

It is time for you to first prove that YOU can be consistently profitable with whatever method you choose.

Man, this system is awesome

PASR is not a system, it is only a method. It is subjective in decision making in that the individual trader has to decide what is PRICE ACTION (PA) and what is SUPPORT & RESISTANCE (SR) within the teachings of PASR. A system has a concrete set of trading rules - "do this when this happens/when you see this" etc.

But again, whether it is a method or system, neither is as important as Trading Psychology and Money Management.

Thank you for taking PASR for a test drive and good luck.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,018
  • Mar 15, 2022 4:20am Mar 15, 2022 4:20am
Quoting Strat
{quote} Now that you have asked the question, I realised I used the wrong wording - I should have said "use M1 for better (cheaper) entries and more profitable exits".
Ok, great. Could you please give an example with chart for both options (better entry, better exit)?
  • #15,019
  • Edited 11:57am Mar 16, 2022 11:41am | Edited 11:57am
Appreciation of 13 years on Forex Factory

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,020
  • Mar 16, 2022 11:52am Mar 16, 2022 11:52am
Quoting Olarion1975
{quote} Ok, great. Could you please give an example with chart for both options (better entry, better exit)?
There are many ways to use a shorter time frame than the one you are trading on, you just have to find what suits your trading style. I cannot give you "live" examples because I trade the other way around - I trade M1 using M5 for my guide.

Here is M5 looking for a place to add on to the trend.

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Toggle down to M1 to find the entry remembering that the M5 07:30 candle CLOSES at 07:35

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Here is M5 looking for a place to TP the Swing Down

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Toggle down to M1 to find TP again remembering that the M5 11:30 candle CLOSES at 11:35

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15 YEARS OF PASR ON FOREX FACTORY!
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