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Strat's PASR Long Term, Stress Free Trading

  • #15,661
  • Sep 20, 2022 7:06am Sep 20, 2022 7:06am
2 trades today

XAU M5

H1 down
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M5 Reject from Support
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EURJPY M5

H1 Up
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M5 BUEB
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EJ back to my SL after reach 1.5 R. I set TP far away to H1 Resistance at 145.2. I think I should move the SL to B.E when the trade have profit.
  • #15,662
  • Sep 20, 2022 7:19am Sep 20, 2022 7:19am
Quoting livetolove03
2 trades today XAU M5 H1 down {image} M5 Reject from Support {image} EURJPY M5 H1 Up {image} M5 BUEB {image} EJ back to my SL after reach 1.5 R. I set TP far away to H1 Resistance at 145.2. I think I should move the SL to B.E when the trade have profit.
Dont set and forget a stop loss.
Once it formed a top just close it, whatever the profit or small loss
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I wouldnt feel so confident to hold the trade after it bounced at the previous tops
  • #15,663
  • Sep 20, 2022 3:40pm Sep 20, 2022 3:40pm
Quoting bistolis
{quote} Dont set and forget a stop loss. Once it formed a top just close it, whatever the profit or small loss {image} I wouldnt feel so confident to hold the trade after it bounced at the previous tops
Thank you for your advice. I will remember this lesson, close a part and move sl to B.E. I has underevaluated BEUB at the top
  • #15,664
  • Sep 21, 2022 8:09am Sep 21, 2022 8:09am
I'm still demo trading. Maybe today is not the best day with news ahead. But eurusd giving very nice entry points. I now only look at eurusd/usdjpy as the primary pairs and if usd is trending, then audusd and gbpusd. Narrowing down watch list really does help. From next month onwards ll start using my small account.
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  • #15,665
  • Sep 21, 2022 11:18am Sep 21, 2022 11:18am
Fun stuff
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People have a difficult time grasping the concept of 0 liquidity around news release. especially FOMC
  • #15,666
  • Sep 21, 2022 12:52pm Sep 21, 2022 12:52pm
Quoting bistolis
Fun stuff {image} People have a difficult time grasping the concept of 0 liquidity around news release. especially FOMC
People have a difficult time grasping the concept of 0 liquidity around news release. especially FOMC

I have no sympathy for these idiots who have no business trading but we need them to fuel our accounts
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,667
  • Sep 21, 2022 12:56pm Sep 21, 2022 12:56pm
Quoting sibrahi4
I'm still demo trading. Maybe today is not the best day with news ahead. But eurusd giving very nice entry points. I now only look at eurusd/usdjpy as the primary pairs and if usd is trending, then audusd and gbpusd. Narrowing down watch list really does help. From next month onwards ll start using my small account. {image}
Good - but why do you have 2 sets of different MAs? This shows you lack confidence in PASR and will lead to confusion and fear of pulling the trigger amongst other things. The Market itself is confusing with adding other conflicts.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,668
  • Sep 21, 2022 1:02pm Sep 21, 2022 1:02pm
Quoting livetolove03
2 trades today XAU M5 H1 down {image} M5 Reject from Support {image} EURJPY M5 H1 Up {image} M5 BUEB {image} EJ back to my SL after reach 1.5 R. I set TP far away to H1 Resistance at 145.2. I think I should move the SL to B.E when the trade have profit.
Do you REALLY understand PASR? If you did you would have got out at the close of the BEEB as bistolis suggested.

Do you know the difference between Basic PASR, Swing PASR and Trend PASR? Do you recognise the Market and Price Structure so that you can apply the correct PASR strategy?

Would you have done anything different if each pip cost $50?
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,669
  • Sep 22, 2022 5:39am Sep 22, 2022 5:39am
Hi Strat, for today i have 2 xxxJPY trades. Entries and exits are marked below ( both exits were before CHF news). If i made someting wrong, please tell me.
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  • #15,670
  • Sep 22, 2022 6:57am Sep 22, 2022 6:57am
Quoting DexterzxD
Hi Strat, for today i have 2 xxxJPY trades. Entries and exits are marked below ( both exits were before CHF news). If i made someting wrong, please tell me. {image} {image}
Lucky you didnt get caught in the mayhem
  • #15,671
  • Sep 22, 2022 11:06am Sep 22, 2022 11:06am
Quoting DexterzxD
Hi Strat, for today i have 2 xxxJPY trades. Entries and exits are marked below ( both exits were before CHF news). If i made someting wrong, please tell me. {image} {image}
Good trading, Dexter

both exits were before CHF news

ALWAYS exit and close your trades before a news event

On your GBPJPY trade, when you see a doji hanging man where you exited, consider trailing your stop below the incoming candles to squeeze a few more pips.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,672
  • Sep 22, 2022 3:55pm Sep 22, 2022 3:55pm
Quoting DexterzxD
Hi Strat, for today i have 2 xxxJPY trades. Entries and exits are marked below ( both exits were before CHF news). If i made someting wrong, please tell me. {image} {image}
Question: you take in consideration boss and big boss? if that is correct, what time frame is you boss and big boss? thanks mate
  • #15,673
  • Sep 22, 2022 10:17pm Sep 22, 2022 10:17pm
Quoting chiche
{quote} Question: you take in consideration boss and big boss? if that is correct, what time frame is you boss and big boss? thanks mate
Hello, when i trade M5 Trend i just pick SR's from boss and big boss ( H1 and H4)
  • #15,674
  • Sep 22, 2022 10:32pm Sep 22, 2022 10:32pm
Quoting Strat
{quote} Do you REALLY understand PASR? If you did you would have got out at the close of the BEEB as bistolis suggested. Do you know the difference between Basic PASR, Swing PASR and Trend PASR? Do you recognise the Market and Price Structure so that you can apply the correct PASR strategy? Would you have done anything different if each pip cost $50?
Hi Strat,
Frankly, I dont REALLY understand PASR. Hence, I keep READING the "old" thread.
Do you know the difference between Basic PASR, Swing PASR and Trend PASR
As my understanding, Basic PASR trade from Support to Resistence when market ranging, Trend PASR to entry when pullback during trending. But for Swing PASR, I dont REALLY understand how to find the swing point in M5. So, currently, I just follow the trend.
Do you recognise the Market and Price Structure so that you can apply the correct PASR strategy? Would you have done anything different if each pip cost $50?
I keep READING to recognize right the Market and Price Structure to apply the correct PASR strategy. Because I dont really recognize right the Market, I cant maximize my profit.
I think I would do same thing if pip cost $50 because each trade I put small risk what I feel comfortable. Hence, though each pip cost $50 or $1000, I'll feel comfortable with the pip up and down. Anyway, I changed my trade management, I take profit a part when it reach the S/R and let remaining run.

22/09/2022 EURJPY M5
Reject from Support, After I take profit, the price down so fast. I think it's my luck.
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  • #15,675
  • Sep 22, 2022 10:44pm Sep 22, 2022 10:44pm
21/9/2022 Trade

GBPUSD M5

Reject from resistance, close with small profit when go to bed

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GBPJPY M5

Reject from resistance, stop loss
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  • #15,676
  • Edited 2:13am Sep 23, 2022 12:12am | Edited 2:13am
Quoting livetolove03
{quote} Hi Strat, Frankly, I dont REALLY understand PASR. Hence, I keep READING the "old" thread. Do you know the difference between Basic PASR, Swing PASR and Trend PASR As my understanding, Basic PASR trade from Support to Resistence when market ranging, Trend PASR to entry when pullback during trending. But for Swing PASR, I dont REALLY understand how to find the swing point in M5. So, currently, I just follow the trend. Do you recognise the Market and Price Structure so that you can apply the correct PASR strategy? Would you have done anything...
Dont expect to maximize profit. It will lead to much disappointment.
Take whatever you see available and whatever the market is giving you.

GBPJPY M5 is not something I would trade. At least you dont keep trying after it fails once. Many traders just keep on trying after a first attempt fails. (Something I have done "a few times" in the past. I plead guilty your honor )
  • #15,677
  • Sep 23, 2022 1:42am Sep 23, 2022 1:42am
Quoting bistolis
{quote} Dont expect to maximize profit. It will lead to much disappointment. Take whatever you see available and whatever the market is giving you. GBPJPY M5 is not something I would trade. At least you dont keep trying after it fails once. Many traders just keep on trying after a first attempt fails. (Something I have done "a few times" in the past. I plead guilty your owner )
Dont expect to maximize profit. It will lead to much disappointment. Take whatever you see available and whatever the market is giving you
Sorry, maybe I use wrong word, just increasing the profit, not maximize. Because I think, if I get higher RR per trade, I will have more profit to compensate for the lose trades.
GBPJPY M5 is not something I would trade
Could you explain the reason to dont trade the GJ trade?
At least you dont keep trying after it fails once. Many traders just keep on trying after a first attempt fails. (Something I have done "a few times" in the past. I plead guilty your owner
I used to do the same thing in the past. But now, I have a rule to trade maximum 2 trades per day. So, GU and GJ are 2 trades. I think 2 trades is enough for target profit per day, and it is more than enough for comfortable loss per day
Many thanks for your advice. Hope to learn more from you and other experienced traders in the thread.
  • #15,678
  • Edited 2:41am Sep 23, 2022 2:20am | Edited 2:41am
Quoting livetolove03
{quote} Dont expect to maximize profit. It will lead to much disappointment. Take whatever you see available and whatever the market is giving you Sorry, maybe I use wrong word, just increasing the profit, not maximize. Because I think, if I get higher RR per trade, I will have more profit to compensate for the lose trades. GBPJPY M5 is not something I would trade Could you explain the reason to dont trade the GJ trade? At least you dont keep trying after it fails once. Many traders just keep on trying after a first attempt fails. (Something I have...
First of all I look for spots near the shadow (at marked area 1)
that failed multiple times and then you get 2
where you entered the shadow is thin and flat . So not a good spot for me
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look at the H1. It took a massive intervention from BoJ the next day to break lower
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The way I trade, I would be happy catching small moves in between that narrow range. But why bother when there are more opportunities elsewhere?
I cant focus on 30 charts at the same time. It depletes my energy and I cant pay attention to alot for prolonged periods of time.
On the other hand I can watch m1 on 2 charts or even just one for many hours without an issue.
I suggest for everyone that tries to learn a method and develop their own trading skills along the way to just focus on 1 maximum 2 charts.
My choice lately are indexes and DOW in particular with a huge 600 average range per day
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  • #15,679
  • Sep 23, 2022 7:31am Sep 23, 2022 7:31am
Quoting bistolis
{quote} First of all I look for spots near the shadow (at marked area 1) that failed multiple times and then you get 2 where you entered the shadow is thin and flat . So not a good spot for me {image} look at the H1. It took a massive intervention from BoJ the next day to break lower{image} The way I trade, I would be happy catching small moves in between that narrow range. But why bother when there are more opportunities elsewhere? I cant focus on 30 charts at the same time. It depletes my energy and I cant pay attention to alot for prolonged periods...
Thank you for your advice regarding the flat & thin shadow, I'll remember to not trade when the shadow flat & thin.
It sounds interesting about m1 chart and DOWN. But, the trade time is in my working time. It is hard to me to monitor m1 chart. How often you get the signal when trade m1 chart?
  • #15,680
  • Sep 23, 2022 9:05am Sep 23, 2022 9:05am
M1 EURO

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M1 DOW

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Strange dance Smart Money was doing today on Euro and Dow although being Friday and PRICE at critical levels, it was to be expected. It was really difficult trying to SEE where the buyers and sellers were today and I finally came to the conclusion that they were all over the place.

Meanwhile, while I was trying to dance with these two, GBP was in the sort of trend you dream about, so I will have to add this to my trading list.

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Looks like nothing is going to happen until Powell's speech at 11am
15 YEARS OF PASR ON FOREX FACTORY!
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