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Strat's PASR Long Term, Stress Free Trading

  • #15,481
  • Aug 7, 2022 6:25am Aug 7, 2022 6:25am
Quoting DexterzxD
EN m5 Another lose is on EurNzd . I placed a position after the blue line was penetrated. The SL was positioned incorrectly because I had no confirmed Swing High and I had 3 chances to exit the blue rectangle. In the end, I manually closed for a smaller loss. {image}
You need to pay attention to the time as well. Not that moves wont start happening before london open, but in general you have to pay attention to that hour after Frankfurt (and EU wakes up) until the heavy trading of London starts. It should be 9-10 on your chart (but I dont know what kind of broker you have, most of them have MT4 configured to +2 hours London local time)
  • #15,482
  • Aug 7, 2022 6:52am Aug 7, 2022 6:52am
Quoting bistolis
{quote} You need to pay attention to the time as well. Not that moves wont start happening before london open, but in general you have to pay attention to that hour after Frankfurt (and EU wakes up) until the heavy trading of London starts. It should be 9-10 on your chart (but I dont know what kind of broker you have, most of them have MT4 configured to +2 hours London local time)
Hello, my broker use Greenwich Mean Time (GMT) + 2 hours, thanks for input, i appreciate.
  • #15,483
  • Aug 7, 2022 9:02am Aug 7, 2022 9:02am
Quoting DexterzxD
EN m5 Another lose is on EurNzd . I placed a position after the blue line was penetrated. The SL was positioned incorrectly because I had no confirmed Swing High and I had 3 chances to exit the blue rectangle. In the end, I manually closed for a smaller loss. {image}
Dexter, your entry is too late. You need to enter as close to the Strat Shadow as possible especially the 20. See my mark up.

I had no confirmed Swing High

Yes you did but you did not SEE it - see my yellow box

I had 3 chances to exit the blue rectangle.

Your exit was staring you in the face - see my white box - if you don't understand ask

Why didn't you enter after my 2nd white box?

Are you sure you have your SR levels identified correctly?

Are you a swing trader or trend trader or do you know?

Ask yourself why you didn't exit when you should have and why you did not re-enter again.

Are you sure M5 is the right time frame for you? Maybe move up to M15 and less volatile pairs

Thanks for posting

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,484
  • Aug 7, 2022 10:19am Aug 7, 2022 10:19am
Quoting Strat
{quote} Dexter, your entry is too late. You need to enter as close to the Strat Shadow as possible especially the 20. See my mark up. I had no confirmed Swing High Yes you did but you did not SEE it - see my yellow box I had 3 chances to exit the blue rectangle. Your exit was staring you in the face - see my white box - if you don't understand ask Why didn't you enter after my 2nd white box? Are you sure you have your SR levels identified correctly? Are you a swing trader or trend trader or do you know? Ask yourself why you didn't exit when you...
Hey Strat, thanks for feedback.
Your exit was staring you in the face - see my white box - if you don't understand ask
Yes , i recognised all of these exits but i think i was driven by HOPE, big mistake.
Why didn't you enter after my 2nd white box?
Honestly, i can't remeber what happened at that moment after my lose.
Are you sure you have your SR levels identified correctly?
I just zoomed out the charts on H4 H1 and marked levels that have been tested many times. Red lines- h4 h1 sr
blue line(s) - M5 sr
Are you a swing trader or trend trader or do you know?
I tend to think I'm a trend trader, I'm still exercising my patience for M5 trend trading, i am in a constant "fight" with my little people.
Are you sure M5 is the right time frame for you? Maybe move up to M15 and less volatile pairs
I am comfortable with the M5, I often feel that it moves like a snail, currently i trade top 10 volatile pairs. I will try less volatile pairs and scale to M15.
Yes you did but you did not SEE it - see my yellow box
For a swing high, don't we need a confirmed Swing low?Maybe i miss something.

Thank you.
  • #15,485
  • Aug 7, 2022 1:39pm Aug 7, 2022 1:39pm
Quoting DexterzxD
{quote} Hey Strat, thanks for feedback. Your exit was staring you in the face - see my white box - if you don't understand ask Yes , i recognised all of these exits but i think i was driven by HOPE, big mistake. Why didn't you enter after my 2nd white box? Honestly, i can't remeber what happened at that moment after my lose. Are you sure you have your SR levels identified correctly? I just zoomed out the charts on H4 H1 and marked levels that have been tested many times. Red lines- h4 h1 sr blue line(s) - M5 sr Are you a swing trader or trend trader...
10 is too many to start with at m5. I barely manage 4 (mostly 2) and I struggle to focus. I would suggest to pick only 2 and start training being patient. missing on a big move somewhere that you didnt have on a chart doesnt matter. There are plenty of moves on 2 charts each week. maybe try a combination of one index and one currency pair. I personally use GBPUSD, GBPJPY and DAX DOW. There is so much going on those 4 each day.Or just pick one and try to catch a couple of moves each week. Just watch that chart like a hawk in the morning EU hours and be patient.
  • #15,486
  • Aug 7, 2022 11:45pm Aug 7, 2022 11:45pm
Quoting bistolis
{quote} 10 is too many to start with at m5. I barely manage 4 (mostly 2) and I struggle to focus. I would suggest to pick only 2 and start training being patient. missing on a big move somewhere that you didnt have on a chart doesnt matter. There are plenty of moves on 2 charts each week. maybe try a combination of one index and one currency pair. I personally use GBPUSD, GBPJPY and DAX DOW. There is so much going on those 4 each day.Or just pick one and try to catch a couple of moves each week. Just watch that chart like a hawk in the morning EU...
Thank you bistolis, i will try your approach.
  • #15,487
  • Aug 8, 2022 6:36am Aug 8, 2022 6:36am
Hello, I saw this opportunity but stop loss was around 20 pips and I couldn't focus well enough and missed this trade.
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  • #15,488
  • Aug 8, 2022 9:07am Aug 8, 2022 9:07am
Quoting DexterzxD
Hello, I saw this opportunity but stop loss was around 20 pips and I couldn't focus well enough and missed this trade. {image}
I look at this chart for 5 mins now and I dont know if I would have taken this trade
Maybe with a smaller position. It looks nice and yet it doesnt close lower than the previous low. Plenty of those that I dont take
  • #15,489
  • Aug 8, 2022 9:52am Aug 8, 2022 9:52am
Quoting bistolis
{quote} I look at this chart for 5 mins now and I dont know if I would have taken this trade Maybe with a smaller position. It looks nice and yet it doesnt close lower than the previous low. Plenty of those that I dont take
Yea i was thinking to place a smaller position but i was tired and 0 focus. Tomorrow will be another opportunities.
  • #15,490
  • Aug 8, 2022 12:20pm Aug 8, 2022 12:20pm
M1 EURO

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A little bit of everything today - Basic PASR, Swing PASR and Trend PASR - variety is the spice of life (so they say)
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,491
  • Aug 8, 2022 12:21pm Aug 8, 2022 12:21pm
Quoting DexterzxD
Hello, I saw this opportunity but stop loss was around 20 pips and I couldn't focus well enough and missed this trade. {image}
Well at least you saw it and recognised the opportunity.

My entry would have been a CLOSE below white SR

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,492
  • Aug 8, 2022 12:28pm Aug 8, 2022 12:28pm
Quoting Strat
{quote} Well at least you saw it and recognised the opportunity. My entry would have been a CLOSE below white SR {image}
And the fact the tail of setup candle was exactly(at pip) as last swing low made me close chart and take a nap. Thanks
  • #15,493
  • Aug 8, 2022 12:36pm Aug 8, 2022 12:36pm
Quoting DexterzxD
{quote} Hey Strat, thanks for feedback. Your exit was staring you in the face - see my white box - if you don't understand ask Yes , i recognised all of these exits but i think i was driven by HOPE, big mistake. Why didn't you enter after my 2nd white box? Honestly, i can't remeber what happened at that moment after my lose. Are you sure you have your SR levels identified correctly? I just zoomed out the charts on H4 H1 and marked levels that have been tested many times. Red lines- h4 h1 sr blue line(s) - M5 sr Are you a swing trader or trend trader...
I tend to think I'm a trend trader,

This is one of your problems, Andrei. When you think this, your sub-conscious (little people), are always looking for trend trades so they make you ignore all other PASR -just like they did with you here. I used to have the same problem many years ago but eventually got out of it by telling myself I just trade PASR. Write as many times as it takes and stick it on your screen " I am a PASR Trader - I trade Basic PASR, SWING PASR and Trend PASR ".

For a swing high, don't we need a confirmed Swing low?Maybe i miss something.

No you did not miss anything. In PASR, we need a CONFIRMED Swing High and a CONFIRMED Swing Low before we enter.

If you are referring to the yellow box on my mark up of your chart, that is a PAUSE in the down trend which, if you were able to go to tick charts, would have been a swing high/low, but recognising the PAUSE is enough to act on.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,494
  • Aug 8, 2022 1:22pm Aug 8, 2022 1:22pm
Quoting DexterzxD
{quote} And the fact the tail of setup candle was exactly(at pip) as last swing low made me close chart and take a nap. Thanks
And the fact the tail of setup candle was exactly(at pip) as last swing low made me close chart and take a nap.

That is exactly the WRONG time to walk away from your charts!!!!! One of the OPPORTUNITIES in PASR is when PRICE is at, or approaching SR!!! Have you forgotten what I posted so many times?

At SR, PRICE HAS TO DO SOMETHING! PRICE either blasts through SR, or PRICE is rejected from SR or, worst case, it sits on SR and drifts sideways.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,495
  • Aug 8, 2022 1:26pm Aug 8, 2022 1:26pm
Quoting Strat
{quote} I tend to think I'm a trend trader, This is one of your problems, Andrei. When you think this, your sub-conscious (little people), are always looking for trend trades so they make you ignore all other PASR -just like they did with you here. I used to have the same problem many years ago but eventually got out of it by telling myself I just trade PASR. Write as many times as it takes and stick it on your screen " I am a PASR Trader - I trade Basic PASR, SWING PASR and Trend PASR ". For a swing high, don't we need a confirmed Swing low?Maybe...
When you think this, your sub-conscious (little people), are always looking for trend trades so they make you ignore all other PASR -just like they did with you here. I used to have the same problem many years ago but eventually got out of it by telling myself I just trade PASR. Write as many times as it takes and stick it on your screen " I am a PASR Trader - I trade Basic PASR, SWING PASR and Trend PASR "
I need to switch PASR HAT'S between them when a opportunity appear.

Thank you for your guidance!
  • #15,496
  • Aug 8, 2022 1:34pm Aug 8, 2022 1:34pm
Quoting Strat
{quote} And the fact the tail of setup candle was exactly(at pip) as last swing low made me close chart and take a nap. That is exactly the WRONG time to walk away from your charts!!!!! One of the OPPORTUNITIES in PASR is when PRICE is at, or approaching SR!!! Have you forgotten what I posted so many times? At SR, PRICE HAS TO DO SOMETHING! PRICE either blasts through SR, or PRICE is rejected from SR or, worst case, it sits on SR and drifts sideways.
Since yesterday, I started reading your posts about m5 trend trading every day:
67, 280, 281, 282, 283, 357, 376, 480, 487, 495, 512, 529, 533, 554, 563, 564, 611, 614, 616, 653, 691, 713, 721, 725 & 726, now i m just at page 468 from this thread.
  • #15,497
  • Aug 9, 2022 11:58am Aug 9, 2022 11:58am
M1 EURO

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M1 DOW

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No news today so volatility is low and PA is slow.

Apart from a fake out on the EURO at 10:43 am NY, I was totally in sync with the smart money today.

PA was so slow and volatility low that I was able to trade both the EURO and the DOW concurrently.

Finally gave up as I sensed I was beginning to walk on water!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,498
  • Aug 9, 2022 11:31pm Aug 9, 2022 11:31pm
Big Boss - UP
Boss - Up

Reasons why I took this trade :
*Weekly resistance now became support
*Daily channel support
*Obivous hammer at support

The little people got me to get out of this trade unfortunately.

All comments are welcome!
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  • #15,499
  • Aug 10, 2022 12:37pm Aug 10, 2022 12:37pm
M1 EURO

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,500
  • Aug 10, 2022 3:34pm Aug 10, 2022 3:34pm
Quoting Strat
{quote} How come you did not take any long trade at candle A? The Strat Shadow had started going flat/horizontal and tangled suggesting a range/consolidation
But was this not also true whe you took the trades ended at B and C ?

Best regards
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