Strat's PASR Long Term, Stress Free Trading | Page 756 | 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

  • #15,101
  • May 27, 2022 12:30pm May 27, 2022 12:30pm
Quoting Indipip
EurCad M5 Trend Entry (which i havent seen at the time) {image}
Yes, beautiful setup. Very shallow pullbacks all the way down.

DAX40 futures m5

Deutsche Börse (FSE) continued nice uptrend form yesterday. After open at 9am CET there was small shakeout and one hour after open the market was ready to trend again. I think it is good example why it is worth to wait 1 hour after FSE and LSE open to diminsh the risk of being trapped. In this exmaple there was small false breakout before open.
The market trended beautifully but the bottom line I missed all the move. I missed the hammer one hour after the open. I didn't take the breakout of the next bullish candle, because for now (until I get more experience) I want to trade as close to Strat's Shadow as possible.
I have almost pulled the trigger at the next pullback to the Strat's Shadow but I didn't like the size of bullish candles as well as the upper wicks.

Attached Image (click to enlarge)
Click to Enlarge Name: dax40 futures 27.05.2022.png Size: 28 KB


Next week will be really interesting. I will definitely keep my eye on DAX. From the Worker perspective there is some more room for continuation of this uptrend but anything can happen.

Attached Image (click to enlarge)
Click to Enlarge Name: dax40 futures 27.05.2022 daily.png Size: 22 KB
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #15,102
  • May 27, 2022 5:39pm May 27, 2022 5:39pm
@Strat

i will look out for them and keep posting them, i think it´s a good way to improve.
  • #15,103
  • May 28, 2022 12:22am May 28, 2022 12:22am
Quoting Strat
{quote} Good job - well done. You might want to consider an ADD ON above the trend line since the hammer was still in control with the Strat Shadow confirming the UP trend. {image}
Sorry guys, I can not find the indicator for the shadow green and red (post #15094), if somebody can help me, thanks strat I made almost 500 pips with nzd/usd. I know I don't need to post the number of pips but it was my best trade of my life.
  • #15,104
  • May 28, 2022 1:51am May 28, 2022 1:51am
Quoting chiche
{quote} Sorry guys, I can not find the indicator for the shadow green and red (post #15094), if somebody can help me, thanks strat I made almost 500 pips with nzd/usd. I know I don't need to post the number of pips but it was my best trade of my life.
Go to attachment at the top right hand corner, look out for MA in color and MA ribbon filled 2x.
  • #15,105
  • May 28, 2022 9:05am May 28, 2022 9:05am
Quoting Baniu
{quote} Yes, beautiful setup. Very shallow pullbacks all the way down. DAX40 futures m5 Deutsche Börse (FSE) continued nice uptrend form yesterday. After open at 9am CET there was small shakeout and one hour after open the market was ready to trend again. I think it is good example why it is worth to wait 1 hour after FSE and LSE open to diminsh the risk of being trapped. In this exmaple there was small false breakout before open. The market trended beautifully but the bottom line I missed all the move. I missed the hammer one hour after the open....
Keep focusing on one instrument - understand and learn it's characteristics, behaviour, rhythm and nuances - especially the times when it is volatile and "sleepy" - much better to be a Master of one rather than a Jack of all.

Yes its hindsight but I have marked up areas of interest on your charts - learn to SEE these and ACT on these at the LIVE hard right edge

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 75 KB

Money making chart for those trading D1

Attached Image (click to enlarge)
Click to Enlarge Name: b.png Size: 73 KB

Thanks for your post - now to watch Liverpool win the Champion's League!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,106
  • May 28, 2022 12:05pm May 28, 2022 12:05pm
Quoting Strat
{quote} Keep focusing on one instrument - understand and learn it's characteristics, behaviour, rhythm and nuances - especially the times when it is volatile and "sleepy" - much better to be a Master of one rather than a Jack of all. Yes its hindsight but I have marked up areas of interest on your charts - learn to SEE these and ACT on these at the LIVE hard right edge {image} Money making chart for those trading D1 {image} Thanks for your post - now to watch Liverpool win the Champion's League!
Thank you for your comments. I will ride DAX waves.

I always liked the Reds and today I'm rooting for Liverpool.

You will never walk alone!
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #15,107
  • May 28, 2022 1:55pm May 28, 2022 1:55pm
Quoting Strat
Malcolm, there was something about this post that bothered me so I came back to it and it is this: ""when I see a setup to really hit it"" This is THE BEST WAY to blow your account! Don't do it. To stand any chance at beating the system on this you MUST trade the same % of your account on EACH trade until you are consistently profitable over a long, long time. I can't tell you the number of times I thought this was the Mother of All Trades and put enough on it to make up for all my losers - well, The Queen has a nasty way of reminding us that we...

Are you suggesting using the same percentage amount for both higher probability trades and lower probability ones?
  • #15,108
  • May 29, 2022 1:04am May 29, 2022 1:04am
Quoting Corinna
{quote} Go to attachment at the top right hand corner, look out for MA in color and MA ribbon filled 2x.
Thanks Corinna.
  • #15,109
  • May 29, 2022 8:35am May 29, 2022 8:35am
Quoting pressium
{quote} Are you suggesting using the same percentage amount for both higher probability trades and lower probability ones?
YES until you have year's of experience and are CONSISTENTLY, week in week out, profitable
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,110
  • May 30, 2022 9:15am May 30, 2022 9:15am
M1 DOW - Early bird catching the worm!

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 14 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,111
  • May 30, 2022 10:37am May 30, 2022 10:37am
More M1 DOW

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 22 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,112
  • May 30, 2022 11:18am May 30, 2022 11:18am
MORE M1 DOW

Getting dicked around now so I'm finished


Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 22 KB

Unexpected 15.8% ROI on a Holiday.

Dow was a mover today just like a girl I knew in our village!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,113
  • May 31, 2022 10:22am May 31, 2022 10:22am
M1 DOW

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 23 KB

M1 EURO

Attached Image (click to enlarge)
Click to Enlarge Name: b.png Size: 27 KB

Got my knickers in a real twist due to having to trade a different account to my MT5 charts - I forgot to switch to EURO from DOW - caught it in time with a small loss. Looks like trading 2 instruments simultaneously on M1 is too much for this old head as it is mentally exhausting so will focus on just 1 from now on.

Really surprised I did so well today as we had to have our Yorkie of over 15 years put to sleep yesterday - RIP Ruby!

Mentally exhausted and shattered now!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,114
  • May 31, 2022 12:08pm May 31, 2022 12:08pm
M1 DOW

Today I decided to trade DOW M1 with you Strat.

That was really great exercise. Many lessons learned. I made a few obvious mistakes.
I'm glad that I waited patiently for a big move and the last trade was a nice ride, which made up for all the previous losses.
I took 7 trades.
2 loses
3 BE/very small profit
2 winners including 1 really big.
When I saw Strat's Saddle on the last long trade I felt that this candle shows direction for the bigger move after crazy choppy action into 33000 before.
On the last trade taken form M1, I decided to ride it on M5 and trail it by the bottoms of M5 candles but I also decided to TP at higher timeframe TL and resistance at 33120
I feel that this was really difficult PA today

Wow, two instruments at the same time on M1 would melt my brain.

I'm really sorry for you dog
Sorry for your loss.

Attached Image (click to enlarge)
Click to Enlarge Name: DOW M1.png Size: 32 KB
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #15,115
  • May 31, 2022 1:17pm May 31, 2022 1:17pm
Quoting Baniu
M1 DOW Today I decided to trade DOW M1 with you Strat. That was really great exercise. Many lessons learned. I made a few obvious mistakes. I'm glad that I waited patiently for a big move and the last trade was a nice ride, which made up for all the previous losses. I took 7 trades. 2 loses 3 BE/very small profit 2 winners including 1 really big. When I saw Strat's Saddle on the last long trade I felt that this candle shows direction for the bigger move after crazy choppy action into 33000 before. On the last trade taken form M1, I decided to ride...
You are doing good but make sure you learn from your mistakes and try not to repeat them.
Add H1 SR and keep drawing M5 SR as you continue to trade - if you look closely, you should see some of mine as the charts posted are my actual working charts I traded from. Remember where PRICE is relative to the Strat Shadow especially the boundaries 20 and 72. Draw fibs from swing to swing if it helps.

When I saw Strat Saddle on the last long trade I felt that this candle shows direction for the bigger move after crazy choppy action

You have learned well!

Attached Image (click to enlarge)
Click to Enlarge Name: c.png Size: 100 KB

two instruments at the same time on M1 would melt my brain.

Yeah, melted mine this morning - not going to do it again, the money is not worth it - HEALTH BEFORE WEALTH

I'm really sorry for your dog Sorry for your loss.

Thank you, the pain is hard to bear but not as hard as the pain for the Uvalde parents.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,116
  • May 31, 2022 6:25pm May 31, 2022 6:25pm
Strat,
Sorry to hear about Ruby.
RIP
  • #15,117
  • Edited 2:16am Jun 1, 2022 12:48am | Edited 2:16am
Good Morning. I am still around but I find it distracting at this point to participate in the discussions. Sorry for your dog. I hope eveyone is alright and working hard on their "screen time".
After 7 days of disappointing performance (down almost 1%) I had this trade

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB

Off for a quick break and breakfast before London wakes up, and hopefully I can post some more of these later.

EDIT: GBPJPY 40pips. I got abit spooked and took only40 while my planned exit is at 50, but since price is at daily SR , I get itchy fingers
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 23 KB
  • #15,118
  • Jun 1, 2022 9:34am Jun 1, 2022 9:34am
M1 EURO

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 15 KB

Happy June! This thing fell off a cliff! Memories of Dr. Joe!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,119
  • Jun 1, 2022 10:37am Jun 1, 2022 10:37am
Quoting Strat
{quote} You are doing good but make sure you learn from your mistakes and try not to repeat them. Add H1 SR and keep drawing M5 SR as you continue to trade - if you look closely, you should see some of mine as the charts posted are my actual working charts I traded from. Remember where PRICE is relative to the Strat Shadow especially the boundaries 20 and 72. Draw fibs from swing to swing if it helps. When I saw Strat Saddle on the last long trade I felt that this candle shows direction for the bigger move after crazy choppy action You have learned...
Thank you, that means a lot to me. I will focus more on higher timeframe SR and boundries of Strat Shadow. I'm slowly studying all of your charts from DOW M1 trading. I want to understand every trade, which I will find on those charts. This is goldmine! Thanks.

I'm seeing more and more how stiff I was in my approach to trading. I have used to open charts, start expecting where it should go (sometimes totally ignoring what the market is telling me). On top of that I always wanted to make killing with one shot. A boxer, who wants to make KO in one shot usually ends up being knocked out by an opponent.

I see more and more that it is about probing, sending scouts, dancing with the market (market leads), playing hide and seek, if not here, let's try there, ok if not up, let's go down (Please guys do not take me as smart ass, I'm also writing this to myself and little people in my head, so that they finally understand).
I remember that often after first loss I was hairless and I would walk away from the computer only to see that market did go in my direction but from the level little bit lower of higher.

Quoting Strat
Keep focusing on one instrument - understand and learn it's characteristics, behaviour, rhythm and nuances
I take this advise to my heart with small tweak - I will also observe and trade DOW. DAX and DOW often move together and you can use one chart to better understand what is happening on the other one. I have already removed all the currency crosses charts. I will potentially add more instruments only if I become consistently profitable on those two instruments.

Quoting Strat
Yeah, melted mine this morning - not going to do it again, the money is not worth it - HEALTH BEFORE WEALTH
Some time ago I have learned good formula for TRUE WEALTH = peace of mind (health) + time + money. With everything new I start I recall that formula.
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #15,120
  • Jun 1, 2022 11:13am Jun 1, 2022 11:13am
M1 EURO

This thing is weaker than American Beer!

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 19 KB
15 YEARS OF PASR ON FOREX FACTORY!
8 traders viewing now, 1 is registered:
kkmk