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Strat's PASR Long Term, Stress Free Trading

  • #15,341
  • Jul 6, 2022 10:57am Jul 6, 2022 10:57am
M1 EURO

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Difficult PA this morning.

M1 DOW

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A chart where the 95% lose their accounts
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,342
  • Jul 6, 2022 11:52am Jul 6, 2022 11:52am
Quoting DexterzxD
EURNZD M5 Entry at the candle that closed below first 2 blue lines and exit at 3rd blue line where sellers found support. Any advice? Thanks. {image}
Nice trade. Taking profit is the most stressing part usually
since you pick NZD pair why dont you just stick to the BIG ONE
GBPNZD
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Not that it matters much recently
(2 week average daily range)
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Although GBPNZD (most of the time) has the biggest ADR
(52 week ADR)
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https://www.mataf.net/en/forex/tools/volatility
  • #15,343
  • Jul 6, 2022 12:37pm Jul 6, 2022 12:37pm
M1 EURO

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Probably done for today
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,344
  • Jul 6, 2022 12:40pm Jul 6, 2022 12:40pm
Quoting Strat
{quote} I forgot to add another important part of the puzzle. At point B, PRICE has closed inside the Strat Shadow (CLOSE above the 20), Usually, but not always, when PRICE pierces the Strat Shadow, it (PRICE) will make an attempt to get to the other side. Whether it gets there or not depends on the Strength of the trend and the determination of the buyers/sellers.
Usually, but not always, when PRICE pierces the Strat Shadow, it (PRICE) will make an attempt to get to the other side. Whether it gets there or not depends on the Strength of the trend and the determination of the buyers/sellers.

Perfect example

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,345
  • Jul 6, 2022 1:06pm Jul 6, 2022 1:06pm
Quoting DexterzxD
{quote} Hi,so you reccomend to stay out until good PA show themself and exit from inside of strat shadow for safest spot to enter in trend?Sorry if this question is idiotic.
so you recommend to stay out until good PA show themself

Depends on YOUR understanding of what ""good PA" is. That is only half of it. It should be "good PASR".

exit from inside of strat shadow

NO! Exit on REVERSE PASR. The Strat Shadow may not be in "play" in certain situations. The ONLY rule for exits is on REVERSE PASR. Go back and read my posts to Baniu on the Strat Shadow.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,346
  • Jul 6, 2022 1:15pm Jul 6, 2022 1:15pm
Quoting swiftman
Price move in ABCD wave pattern. Compare red 0A to red AB move telling us buyer is in control and swing red B created a HH so we are expecting a LL then HH which happened at red C and red D. The move from red AB also created a control candle on M15 so we also should expect price to swing or consolidate within range of the control candle. The Strat Shadow at red C is green and expanding but by not much telling us to look for long trade but not expecting a big move. The combined price action by group of candles at red D from M1 is lot stronger compare...
Price move in ABCD wave pattern

SOMETIMES! Sometimes it moves in a 3 wave pattern, other times in a 5 wave pattern, while other times in a 7 wave pattern. This is just like all the other stuff - Elliott Waves, Wolf Waves, Harmonics, Fibonacci, etc - FANTASTIC after the fact WHEN they can be seen. They cannot be relied on in a consistent profitable strategy. The Market determines PRICE, WAVES, CYCLES, SR etc - NOT rules by self appointed experts and gurus.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,347
  • Edited 6:00pm Jul 6, 2022 4:54pm | Edited 6:00pm
EURUSD M1

From the perspective of old days I was shooting like crazy today.
Overall made 10 trades. +2,5%

1. Really happy with this one. Short with main trend, quite close to 20, exit with dragonfly doji.
2. Strat's Saddle. PA showing HLs. I was trailing SL maybe too aggresively. I'm struggling with that lately.
3. Complete hallucination. I saw in my mind bearish candle (unfinished at that moment!), which will show the way to test lows. I could not believe I did it. Besides, this lesson has been learned lately - bottom of Strat's Shadow flat! (what does it tell you?)
4. Happy with this one. From quite strong support, close to 20. Exit with doji.

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5. Price broken TL. Still some room to lows. Again I was trailing SL maybe too aggresively but I was afraid of reaction from lows.
6. Strong bullish push into Strat Shadow after HH.
7. Next try after BUEB
8. Next try after BUOB
9. Another try, quickly closed after shooting star
10. This is what I was waiting for. Strong push breaking many lines on the chart. This was no-brainer.

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When I recall how did I feel, I was most sure about transactions 1,4 and 10. It would be good to trade less with more precision - pick those setups you feel really good about.

When it comes to looking for longs from trade 6 to 10 Big Boss played a big role in this. Especially the hammer next to the red rectangle.

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Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #15,348
  • Edited 8:21am Jul 7, 2022 12:40am | Edited 8:21am
Quoting Strat
M1 EURO {image} Probably done for today
Hi Strat

How did you know the swing AB was going to be choppy?
Is it because London session has ended, Price is inside Strat Shadow and M formation on the M5.

Your long trade was the safest because we had HH(B) follow by HL(C), Price closed above both Swing B and 200 ema.

Thanks
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  • #15,349
  • Jul 7, 2022 7:12am Jul 7, 2022 7:12am
Quoting Baniu
EURUSD M1 From the perspective of old days I was shooting like crazy today. Overall made 10 trades. +2,5% 1. Really happy with this one. Short with main trend, quite close to 20, exit with dragonfly doji. 2. Strat's Saddle. PA showing HLs. I was trailing SL maybe too aggresively. I'm struggling with that lately. 3. Complete hallucination. I saw in my mind bearish candle (unfinished at that moment!), which will show the way to test lows. I could not believe I did it. Besides, this lesson has been learned lately - bottom of Strat's Shadow flat! (what...
"When it comes to looking for longs from trade 6 to 10 Big Boss played a big role in this. Especially the hammer next to the red rectangle."

Price not able to close below the low of H1 control hammer
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  • #15,350
  • Jul 7, 2022 8:46am Jul 7, 2022 8:46am
EJ M5
Hi Strat,i had one candle trade,entry at blue line and exit at 138.216, that tail scared me and i got out for 1:1 .
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  • #15,351
  • Jul 7, 2022 9:17am Jul 7, 2022 9:17am
Quoting DexterzxD
EJ M5 Hi Strat,i had one candle trade,entry at blue line and exit at 138.216, that tail scared me and i got out for 1:1 . {image}

i had a trade on uspjpy, i closed it too.
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  • #15,352
  • Jul 7, 2022 11:15am Jul 7, 2022 11:15am
M1 EURO

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Quick switch to M1 DOW to catch "Sore Thumb" trade

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Back to M1 EURO to continue the ride down

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Tricky PA on EURO - wore me out!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,353
  • Jul 7, 2022 11:37am Jul 7, 2022 11:37am
Quoting Baniu
EURUSD M1 From the perspective of old days I was shooting like crazy today. Overall made 10 trades. +2,5% 1. Really happy with this one. Short with main trend, quite close to 20, exit with dragonfly doji. 2. Strat's Saddle. PA showing HLs. I was trailing SL maybe too aggresively. I'm struggling with that lately. 3. Complete hallucination. I saw in my mind bearish candle (unfinished at that moment!), which will show the way to test lows. I could not believe I did it. Besides, this lesson has been learned lately - bottom of Strat's Shadow flat! (what...
2. Strat's Saddle. PA showing HLs. I was trailing SL maybe too aggressively.

5. Price broken TL. Still some room to lows. Again I was trailing SL maybe too aggressively

You are exiting BEFORE the candle CLOSES - Also, watch PA relative to your entry candle

When it comes to looking for longs from trade 6 to 10 Big Boss played a big role in this. Especially the hammer next to the red rectangle.

You are trading M1 - NOT M15!!!!!!!!!!!!!!

If you are going to be so aggressive (stupid) and counter trend trade then you have to get in EARLY - your entries are too late - enter on PASR - see blue boxes. You also ignored the area identified by my thick black line

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5/10 - would have been 7/10 if you had not taken the counter trend trades
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,354
  • Edited 1:41pm Jul 7, 2022 11:51am | Edited 1:41pm
Quoting swiftman
{quote} Hi Strat How did you know the swing AB was going to be choppy? Is it because London session has ended, Price is inside Strat Shadow and M formation on the M5. Your long trade was the safest because we had HH(B) follow by HL(C), Price closed above both Swing B and 200 ema. Thanks {image}{image}
How did you know the swing AB was going to be choppy?

I didn't! Tricky PA was wearing me out and I got fed up and checked the news/football and then posted on the thread. After posting I checked back to see if anything was happening and waited for PRICE to CLOSE above the 200 and exited when PRICE hit M5 Strat Shadow
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,355
  • Jul 7, 2022 11:53am Jul 7, 2022 11:53am
Quoting swiftman
{quote} "When it comes to looking for longs from trade 6 to 10 Big Boss played a big role in this. Especially the hammer next to the red rectangle." Price not able to close below the low of H1 control hammer {image}
Price not able to close below the low of H1 control hammer

Good job, swiftman!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,356
  • Jul 7, 2022 11:55am Jul 7, 2022 11:55am
Quoting DexterzxD
EJ M5 Hi Strat,i had one candle trade,entry at blue line and exit at 138.216, that tail scared me and i got out for 1:1 . {image}
that tail scared me and i got out

Nothing wrong in doing that - profit is profit!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,357
  • Jul 7, 2022 12:06pm Jul 7, 2022 12:06pm
Quoting Indipip
{quote} i had a trade on uspjpy, i closed it too. {image}
With better Trade Management, you could have increased your profit.

ALWAYS close your trades BEFORE US Open - the increased volatility in the first few minutes could wipe you out.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,358
  • Jul 7, 2022 12:16pm Jul 7, 2022 12:16pm
Quoting DexterzxD
EURNZD M5 Entry at the candle that closed below first 2 blue lines and exit at 3rd blue line where sellers found support. Any advice? Thanks. {image}
Dexter, you should have closed your short in the yellow box which was also the first PASR indication for longs. The first long entry, counter trend at this time, is at the yellow arrow.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,359
  • Jul 7, 2022 12:49pm Jul 7, 2022 12:49pm
Quoting Strat
{quote} With better Trade Management, you could have increased your profit. ALWAYS close your trades BEFORE US Open - the increased volatility in the first few minutes could wipe you out. {image}
Hi Strat

So we should close the trade at hammer(blue box) then open other short trade at doji(blue arrow)? Like what you did today with the euro fx.

Thanks

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  • #15,360
  • Jul 7, 2022 12:51pm Jul 7, 2022 12:51pm
Quoting Strat
{quote} Dexter, you should have closed your short in the yellow box which was also the first PASR indication for longs. The first long entry, counter trend at this time, is at the yellow arrow. {image}
Yes, you are right, i drew the third blue line after yellow box and when i saw price was testing again , i got out. But you are right, i should have closed after that box.Thank you .
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