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Strat's PASR Long Term, Stress Free Trading

  • #15,641
  • Sep 16, 2022 12:25pm Sep 16, 2022 12:25pm
Quoting k.wind
{quote} can i ask you something? what indicators you use, sir?
Hi
you can find everything in the thread using the search feature
  • #15,642
  • Sep 16, 2022 12:46pm Sep 16, 2022 12:46pm
M1 EURO

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I started out still on the September contract but then switched to the December contract when I saw gaps and erratic PA meaning Smart Money had already switched

M1 DOW

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.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,643
  • Sep 16, 2022 2:28pm Sep 16, 2022 2:28pm
Quoting Strat
M1 EURO {image} {image} I started out still on the September contract but then switched to the December contract when I saw gaps and erratic PA meaning Smart Money had already switched M1 DOW {image}.
Thanks for posting Strat.

Quick question... Do you know if your futures charts are continuous or unadjusted? Im finding it difficult to find an MT4 broker who offers continuous futures charts.
  • #15,644
  • Sep 16, 2022 5:43pm Sep 16, 2022 5:43pm
Quoting p1pThief
{quote} Thanks for posting Strat. Quick question... Do you know if your futures charts are continuous or unadjusted? Im finding it difficult to find an MT4 broker who offers continuous futures charts.
Continuous. There isn't a regulated and controlled US broker which offers Futures and MT4 which is why I had to find a new broker but there are many unregulated and uncontrolled brokers overseas offering Futures and MT4. Consider switching to MT5 as it is way better than MT4.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,645
  • Sep 16, 2022 7:07pm Sep 16, 2022 7:07pm
Quoting Strat
{quote} Continuous. There isn't a regulated and controlled US broker which offers Futures and MT4 which is why I had to find a new broker but there are many unregulated and uncontrolled brokers overseas offering Futures and MT4. Consider switching to MT5 as it is way better than MT4.
Where I can find your broker, Strat?
  • #15,646
  • Sep 16, 2022 7:12pm Sep 16, 2022 7:12pm
Quoting k.wind
{quote} can i ask you something? what indicators you use, sir?
They are EMA 20, 72 and 200.
They show me the price momentum.
If you are new in this thread, please learn PA at SR first.
  • #15,647
  • Sep 17, 2022 4:36am Sep 17, 2022 4:36am
Quoting Strat
EURJPY & EURCAD M5 Saad007 hasn't posted these yet so I assume he is still taking his wheel barrows full of pips to the bank! {image} {image}
Hi Strat,
I'm new in your thread. I'm reading and learning your PASR.
For daily TF, you will trade the worker follow BOSS and BB direction.
For 5M TF, as your explanation, you use H1 and M15 S/R. I know you trade at PST time, so you will follow the London and NY trend, trade the pullback. However, if I trade London time, should I follow H1 direction (or H4 also?). Hope to get your answer.
  • #15,648
  • Sep 17, 2022 8:42am Sep 17, 2022 8:42am
Quoting Sanji
{quote} Where I can find your broker, Strat?
Search online for regulated US Futures brokers.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,649
  • Sep 17, 2022 8:57am Sep 17, 2022 8:57am
Quoting livetolove03
{quote} Hi Strat, I'm new in your thread. I'm reading and learning your PASR. For daily TF, you will trade the worker follow BOSS and BB direction. For 5M TF, as your explanation, you use H1 and M15 S/R. I know you trade at PST time, so you will follow the London and NY trend, trade the pullback. However, if I trade London time, should I follow H1 direction (or H4 also?). Hope to get your answer.
First, are you sure you have finished thread hopping in your search for the Holy Grail? If not, you will not have what it takes to succeed with PASR.

I know you trade at PST time, so you will follow the London and NY trend, trade the pullback.

This shows you are taking short cuts instead of reading the whole thread. I am not a trend trader, I am a swing trader so I trade whatever PA presents with Basic PASR, Swing PASR and Trend PASR.

However, if I trade London time, should I follow H1 direction (or H4 also?).

I can't tell you, nor can anyone else, as this is one of the components of finding YOUR PASR trading style. Once you learn PASR, spend thousands of hours trading micro lots on thousands of charts and you will see and feel YOUR trading style develop. Until then, instead of looking for a fast way to make money in trading (BIG tip - there is NONE), treat learning PASR like any other profession.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,650
  • Sep 18, 2022 3:33am Sep 18, 2022 3:33am
Quoting Strat
{quote} First, are you sure you have finished thread hopping in your search for the Holy Grail? If not, you will not have what it takes to succeed with PASR. I know you trade at PST time, so you will follow the London and NY trend, trade the pullback. This shows you are taking short cuts instead of reading the whole thread. I am not a trend trader, I am a swing trader so I trade whatever PA presents with Basic PASR, Swing PASR and Trend PASR. However, if I trade London time, should I follow H1 direction (or H4 also?). I can't tell you, nor can anyone...
Thank you for your advise. Actually, I'm reading the thread, and keep reading until I finished whole thread.
This shows you are taking short cuts instead of reading the whole thread. I am not a trend trader, I am a swing trader so I trade whatever PA presents with Basic PASR, Swing PASR and Trend PASR.
I remember when you explain your trading m5, you said that due to your time zone, it is about 3 hours after NY Open, you can not get the meat during London section. So, you trade m5 if the trend continue from London open to NY open. And you realize that Trend PASR is fit with your situation.
I can't tell you, nor can anyone else, as this is one of the components of finding YOUR PASR trading style. Once you learn PASR, spend thousands of hours trading micro lots on thousands of charts and you will see and feel YOUR trading style develop. Until then, instead of looking for a fast way to make money in trading (BIG tip - there is NONE), treat learning PASR like any other profession.
I will do as your advise. I'm practicing in back test EA.
Anyway, thank you again for your advice. I'm back when I finish reading 1 round of whole thread.
  • #15,651
  • Sep 18, 2022 8:54am Sep 18, 2022 8:54am
Quoting livetolove03
{quote} Thank you for your advise. Actually, I'm reading the thread, and keep reading until I finished whole thread. This shows you are taking short cuts instead of reading the whole thread. I am not a trend trader, I am a swing trader so I trade whatever PA presents with Basic PASR, Swing PASR and Trend PASR. I remember when you explain your trading m5, you said that due to your time zone, it is about 3 hours after NY Open, you can not get the meat during London section. So, you trade m5 if the trend continue from London open to NY open. And you...
I'm practicing in back test EA

Absolute waste of time! Backtesting proves NOTHING especially on a subjective method/strategy and with USELESS EAs which do not, and cannot, include psychology. If you want to backtest, then use f12 as explained in the thread. Finally, the ONLY test worth anything is a FORWARD test using real, live actual data.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,652
  • Sep 19, 2022 2:32am Sep 19, 2022 2:32am
Quoting Strat
{quote} Continuous. There isn't a regulated and controlled US broker which offers Futures and MT4 which is why I had to find a new broker but there are many unregulated and uncontrolled brokers overseas offering Futures and MT4. Consider switching to MT5 as it is way better than MT4.
Hi Strat

Why is MT5 better than MT4 for trading? The charting capability for both version is very similar.
Is it because in MT5 you get better/faster trade execution?

Thanks
  • #15,653
  • Sep 19, 2022 6:24am Sep 19, 2022 6:24am
Hi Strat and all,
2 trade for today, real account with small lot.
Could you give me the advice?
Many thanks.

GBPUSD M5
H1 down
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M5 entry - Shooting star
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EURAUD M5
H1 up
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M5 entry - Hammer & BUEB
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  • #15,654
  • Sep 19, 2022 6:26am Sep 19, 2022 6:26am
Quoting Strat
{quote} I'm practicing in back test EA Absolute waste of time! Backtesting proves NOTHING especially on a subjective method/strategy and with USELESS EAs which do not, and cannot, include psychology. If you want to backtest, then use f12 as explained in the thread. Finally, the ONLY test worth anything is a FORWARD test using real, live actual data.
Thank you for your advice.
I'm practicing PASR in real account. However, I think I will keep backtest when I have time.
  • #15,655
  • Sep 19, 2022 8:28am Sep 19, 2022 8:28am
Quoting livetolove03
Hi Strat and all, 2 trade for today, real account with small lot. Could you give me the advice? Many thanks. GBPUSD M5 H1 down {image} M5 entry - Shooting star {image} EURAUD M5 H1 up{image} M5 entry - Hammer & BUEB {image}
well done
  • #15,656
  • Sep 19, 2022 11:25am Sep 19, 2022 11:25am
M1 DOW

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Beautiful day for PASR - perfect, textbook, classic PASR
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,657
  • Sep 19, 2022 11:31am Sep 19, 2022 11:31am
Quoting livetolove03
Hi Strat and all, 2 trade for today, real account with small lot. Could you give me the advice? Many thanks. GBPUSD M5 H1 down {image} M5 entry - Shooting star {image} EURAUD M5 H1 up{image} M5 entry - Hammer & BUEB {image}
Could you give me the advice?

Yes, the same as bistolis - good job, these are good PASR entries - you seem to have the idea of PASR - keep doing more!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,658
  • Sep 19, 2022 11:38am Sep 19, 2022 11:38am
Quoting swiftman
{quote} Hi Strat Why is MT5 better than MT4 for trading? The charting capability for both version is very similar. Is it because in MT5 you get better/faster trade execution? Thanks
Why is MT5 better than MT4 for trading?

You can search online for all the advantages but for me, trading PASR, all the objects I use, horizontal lines, trend lines, boxes etc., are more accurate and most important are fixed meaning that when I zoom in and out and switch time frames, I don't have to waste time re-positioning them.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,659
  • Sep 19, 2022 4:37pm Sep 19, 2022 4:37pm
Quoting Strat
{quote} Why is MT5 better than MT4 for trading? You can search online for all the advantages but for me, trading PASR, all the objects I use, horizontal lines, trend lines, boxes etc., are more accurate and most important are fixed meaning that when I zoom in and out and switch time frames, I don't have to waste time re-positioning them.
Thanks
  • #15,660
  • Sep 19, 2022 6:02pm Sep 19, 2022 6:02pm
For those looking at the higer time frames:

GBPUSD: Now is time to look for PA on Boss and worker at this support level. Could be up or down but price action should provide direction.

EURUSD: Time to trade this pair was mid August on worker. Open Boss and worker charts for price action from that time.
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