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Strat's PASR Long Term, Stress Free Trading

  • #15,301
  • Jul 3, 2022 1:59pm Jul 3, 2022 1:59pm
Quoting Strat
M1 DOW {image} Switch to M1 EURO {image} Switch back to M1 DOW {image}
So, no-one noticed my screw up then?
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,302
  • Jul 4, 2022 9:46am Jul 4, 2022 9:46am
M1 DOW

Really difficult to ignore PASR/Strat Shadow even on a US Holiday

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PA is so slow because of holiday liquidity that I can trade the EURO at the same time

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,303
  • Edited 11:02am Jul 4, 2022 10:31am | Edited 11:02am
EURUSD M1 Winner

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EURUSD M5 Loser

This is how TL looked before taking the trade.

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And after. I didn't readjust TL line and it changes outlook a bit. On positive side of this trade (apart from learning) is capital preservation - I closed under BEOB.

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Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #15,304
  • Jul 4, 2022 10:34am Jul 4, 2022 10:34am
M1 DOW & EURO continuation

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,305
  • Jul 4, 2022 10:42am Jul 4, 2022 10:42am
Quoting Strat
{quote} So, no-one noticed my screw up then?
I do not know if you mean this and I have seen it earlier: there is no TP mark of long from 30569.
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #15,306
  • Jul 4, 2022 10:45am Jul 4, 2022 10:45am
Quoting swiftman
{quote} Nice trade. Did you take the next long trade at hammer (blue rectangle)? {image}
No. It was too close for me to TL line. Actually shooting star formed right after trade would be triggered, so anyway I would close it.
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #15,307
  • Jul 4, 2022 10:55am Jul 4, 2022 10:55am
Probably my last M1 DOW & EURO continuation

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,308
  • Jul 4, 2022 12:03pm Jul 4, 2022 12:03pm
Quoting Strat
{quote} So, no-one noticed my screw up then?
30780 short was into support
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #15,309
  • Edited 12:26pm Jul 4, 2022 12:15pm | Edited 12:26pm
Quoting Baniu
{quote} I do not know if you mean this and I have seen it earlier: there is no TP mark of long from 30569.
there is no TP mark of long from 30569

Very observant, well done Baniu.

While I am trading the DOW I am also watching the EURO and vice versa.

In this case, I closed out my short on the DOW around 14:38 then saw that EURO may be setting up a long trade and then entered long at around 14:45. During EURO consolidation around 15:00, I saw a long trade setting up on the DOW and entered at around 15:02. I switched back to EURO to wait for a trade out of consolidation which was long around 15:08. Since EURO is more volatile than DOW I stayed on EURO and completely FORGOT I had a long trade running on DOW. I closed out my last long on EURO and switched back to DOW which is where I realised I was STILL LONG. I took a quick look at where PRICE was and closed immediately. I was very lucky that PRICE had not gone against me -Karma and the trading Gods must have been looking after me!

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This is the problem for me when switching back and forth which is compounded by having my Set Up chart, MT5, with one broker and my actual trading account with a different broker meaning I have to do 2 switches.

Very disappointed that no-one else saw it which shows I could be wasting my time posting.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,310
  • Jul 4, 2022 12:25pm Jul 4, 2022 12:25pm
Quoting Baniu
{quote} 30780 short was into support
30780 short was into support

The PRICE ACTION in the yellow box identified where PRICE was going

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Remember, all lines (SR) and MAs are not exact - they are only there to GUIDE us - we trade PRICE with our understanding of PASR and the Strat Shadow. PRICE is Lord, King, Queen and Country!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,311
  • Edited Jul 5, 2022 9:45am Jul 4, 2022 2:26pm | Edited Jul 5, 2022 9:45am
Quoting Strat
{quote} 30780 short was into support The PRICE ACTION in the yellow box identified where PRICE was going {image} Remember, all lines (SR) and MAs are not exact - they are only there to GUIDE us - we trade PRICE with our understanding of PASR and the Strat Shadow. PRICE is Lord, King, Queen and Country!
Thank you. So PA in yellow box was deciding factor that made you open short from 30780.
What about that pretty fat Strat Shadow was pierced with only two bearish candles? Was this also important for you?

Also, I wanted to ask about trade management. Have you moved SL right above candle no 1 when it finished?
How important it was that it did not close inside Strat Shadow (on my data it did close inside) when it comes to trade management?

I assume that you did not close the trade on candle no. 2 (hammer) becasue it appeared below Strat Shadow. Am I right?

If I took this trade on my data I would be stopped out on the next candle after candle no. 1 as I would move SL right above candle no. 1 (which closed inside Strat Shadow and was BUOB on my data). Next candle exceeded slightly candle no. 1, which would stop me out.

Your data

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My data

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Generally I observe that data of your FUTURES brokers is much smoother and "showing less false signals". I will consider trading FUTURES if I still see data discrepancies in FUTURES favor.

Can I ask which brokers you use for EURO and DOW and what spread do they offer on those instruments?
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #15,312
  • Jul 4, 2022 11:24pm Jul 4, 2022 11:24pm
EURJPY
Hello Strat, eurjpy is stuck inside of WCC 4th week, dropped to H1 for a better R:R.
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  • #15,313
  • Jul 5, 2022 3:46am Jul 5, 2022 3:46am
Quoting Baniu
EURUSD M1 Winner {image} EURUSD M5 Loser This is how TL looked before taking the trade. {image} And after. I didn't readjust TL line and it changes outlook a bit. On positive side of this trade (apart from learning) is capital preservation - I closed under BEOB. {image}
Hi Baniu

As regarding to the EURUSD losing trade I was in the same boat as you. I was following Strat Shadow and waiting for the end of pull back to go long again.
I been analysis the chart whole day and realise the market is a structure within the structure. Each lower time frame structure create swing high or low on the higher time frame.

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When trading we should combined structure with price action at support and resistance, Strat shadow.

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  • #15,314
  • Jul 5, 2022 3:51am Jul 5, 2022 3:51am
Quoting Strat
{quote} there is no TP mark of long from 30569 Very observant, well done Baniu. While I am trading the DOW I am also watching the EURO and vice versa. In this case, I closed out my short on the DOW around 14:38 then saw that EURO may be setting up a long trade and then entered long at around 14:45. During EURO consolidation around 15:00, I saw a long trade setting up on the DOW and entered at around 15:02. I switched back to EURO to wait for a trade out of consolidation which was long around 15:08. Since EURO is more volatile than DOW I stayed on...
I also noticed that but I assume you have closed the long trade and forget to up X mark on the chart.
  • #15,315
  • Jul 5, 2022 4:14am Jul 5, 2022 4:14am
i had this winner today, for me this was on early entry.

Euro was weak, but im not able to trade this on m5, there is no clear entrypoint, no sawtooth, its moving to fast.

so what are you guys doing if you see a pair trending this fast with no smooth sawtooth structure? Are you trading it from m1, because if a pair is to fast on M5 most of the time im seeing better entries on M1.
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  • #15,316
  • Jul 5, 2022 4:14am Jul 5, 2022 4:14am
There is trend and there is THE trend.

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  • #15,317
  • Jul 5, 2022 9:40am Jul 5, 2022 9:40am
Quoting Strat
Very observant, well done Baniu.
Thank you. I have actually made similar mistake. I left pending order open closed the computer, went to do other business just to discover 3h later that I'm long!
Just as in your case it was still in profit. LESSON LEARNED.

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Quoting Strat
I was very lucky that PRICE had not gone against me -Karma and the trading Gods must have been looking after me!
Good and bad Karma ALWAYS comes back. As ye sow, so shall ye reap.

Quoting Strat
This is the problem for me when switching back and forth which is compounded by having my Set Up chart, MT5, with one broker and my actual trading account with a different broker meaning I have to do 2 switches. Very disappointed that no-one else saw it which shows I could be wasting my time posting.
Please post your trades, it is invaluable! I'm sure others also noticed it but as Swiftman has written, they probably thought that you forgot to put TP mark.
In the future I will check in the moment I see smth "suspicious".

When it comes to trading two instruments I thought that I will able to do that on M1/M5. It is impossible for me, I have chosen EURUSD - much smoother. Less is more. DAX is a hell of a beast, I just could not get in groove with it. Maybe in the future.
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #15,318
  • Jul 5, 2022 11:17am Jul 5, 2022 11:17am
Quoting Baniu
{quote} Thank you. So PA in yellow box was deciding factor that made you open short from 30780. What about that pretty fat Strat Shadow was pierced with only two bearish candles? Was this also important for you? Also, I wanted to ask about trade management. Have you moved SL right above candle no 1 when it finished? How important it was that it did not close inside Strat Shadow (on my data it did close inside) when it comes to trade management? I assume that you did not close the trade on candle no. 2 (hammer) becasue it appeared below Strat Shadow....
What about that pretty fat Strat Shadow was pierced with only two bearish candles? Was this also important for you?

Not as important as PRICE ACTION. Remember, the Strat Shadow is an INDICATOR and as such, LAGS behind PRICE. The Strat Shadow is ALWAYS secondary to PRICE ACTION. The Strat Shadow's real value is in trend trading and, like any other trend trading strategy, falls short in consolidation and ranging conditions. However, unlike other trend trading strategies, the Strat Shadow IDENTIFIES when PRICE is in consolidation/range.

Those two "bearish" candles were confirmation of the PRICE ACTION set up with the 2nd candle having little to no tail. If we could get ""Real"" Volume, it would show that these were "pump and dump" candles.

Also, I wanted to ask about trade management. Have you moved SL right above candle no 1 when it finished?

My SL/Trade/Risk Management is not "text book" and is unique to my style of trading. I trade several contracts in one position and run a tight SL which is also my trailing stop. On M1, my SL is a 50% CLOSE of my entry candle which I identify with the rectangle from "Objects". You can see this on M1 EURO on Post 15,292. I then trail that box as PRICE progresses through SR.

How important it was that it did not close inside Strat Shadow (on my data it did close inside) when it comes to trade management?

See my comments above on the Strat Shadow. At this point, I did not consider the Strat Shadow to be fully engaged to consider it for "trending" mode.

I assume that you did not close the trade on candle no. 2 (hammer) because it appeared below Strat Shadow. Am I right?

You are right but for the wrong reason. First, that is a "BOND" hammer being stuck in consolidation and therefore ignored for trading. Second, read AGAIN my comments on the Strat Shadow. The main reason is that PRICE has not closed above 50% of my entry candle.

If I took this trade on my data I would be stopped out on the next candle after candle no. 1 as I would move SL right above candle no. 1 (which closed inside Strat Shadow and was BUOB on my data). Next candle exceeded slightly candle no. 1, which would stop me out.

This highlights why ENTRY is so important. I would also be stopped out if I took your entry.

Generally I observe that data of your FUTURES brokers is much smoother and "showing less false signals". I will consider trading FUTURES if I still see data discrepancies in FUTURES favor.

FUTURES contracts are generally "smoother" than Forex, but still you have to be careful because the "mini" EURO Futures contract has different data to the full size EURO and is less "smooth".

Can I ask which brokers you use for EURO and DOW and what spread do they offer on those instruments?

Remember, my trading set ups are based on MT5 and not on my actual trading account which is with another broker. That MT5 broker is the one who refused to give me A1 Order Book status and is the reason why I have my trading account with another broker (with A1 Order Book Status) and why I will not promote them.Sorry.

Also, I MUST have a US based broker who has to comply with all US CFTC Futures Trading Regulations, Acts and Consumer Protection Reforms etc. I have acquaintances who trade with Offshore Brokers because of reduced Margins and Commissions but they have NO PROTECTION in the event the broker is bankrupted or worse, runs off with all their money!

NOTE: I have been able to answer this today as the US "Smart Money" are not trading today having not returned from their July 4th celebrations and PA is slow and just "retail" trading. Normally, I would answer at the end of the trading week.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,319
  • Jul 5, 2022 11:35am Jul 5, 2022 11:35am
Quoting DexterzxD
EURJPY Hello Strat, eurjpy is stuck inside of WCC 4th week, dropped to H1 for a better R:R. {image} {image}
The beauty about the WCC is that PRICE has to break out of it sometime.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,320
  • Jul 5, 2022 11:51am Jul 5, 2022 11:51am
Quoting swiftman
{quote} Hi Baniu As regarding to the EURUSD losing trade I was in the same boat as you. I was following Strat Shadow and waiting for the end of pull back to go long again. I been analysis the chart whole day and realise the market is a structure within the structure. Each lower time frame structure create swing high or low on the higher time frame. {image}{image}{image} When trading we should combined structure with price action at support and resistance, Strat shadow. {image}{image}
realise the market is a structure within the structure.

Your light bulb was really late in getting switched on but at least it is on NOW. There are many posts in both threads stating the Market is fractal meaning that you can look at a chart and not know what the time frame is. This is also indicated on the Chart in my Power Of Time Frames which shows the smaller swings on short time frames creating larger swings on the next higher time frame etc.

Each lower time frame structure create swing high or low on the higher time frame.

Hallelujah so drill this into your trading brain and never forget it. Similarly, ALL moves start in the short time frames.

When trading we should combine structure with price action at support and resistance, Strat shadow.

Yes but there needs to be order in that - PASR within Market Structure and Strat Shadow.

Good job, swiftman - more like this please!
15 YEARS OF PASR ON FOREX FACTORY!
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