Strat's PASR Long Term, Stress Free Trading | Page 785 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MY PASR journey Based on Strat's PASR Trading 76 replies

M5 PASR Trend Trading Strat 95 replies

My PASR Trend Trading Journals 3 replies

A young trader's road to profitability - PASR trading - Live 11 replies

Fibs trading and PASR 0 replies

Attachments: Strat's PASR Long Term, Stress Free Trading
Exit Attachments

Strat's PASR Long Term, Stress Free Trading

  • #15,681
  • Sep 23, 2022 12:16pm Sep 23, 2022 12:16pm
M1 DOW after Powell

Attached Image (click to enlarge)
Click to Enlarge Name: mym powell.png Size: 19 KB

Worth waiting for
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,682
  • Sep 24, 2022 1:10am Sep 24, 2022 1:10am
Quoting Strat
{quote} 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.
you are right, the additional ema set was being me trying to be clever..ditched it now as it was confusing
  • #15,683
  • Sep 24, 2022 1:40am Sep 24, 2022 1:40am
Quoting livetolove03
{quote} 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?
It is the same as any other timeframe . it is just much faster producing trends that I like to trade
  • #15,684
  • Sep 24, 2022 8:35am Sep 24, 2022 8:35am
Guys question: what is the min ATR to trade 5 min chart?
  • #15,685
  • Sep 24, 2022 10:33am Sep 24, 2022 10:33am
Quoting chiche
Guys question: what is the min ATR to trade 5 min chart?
Whatever feels comfortable for you. I prefer 100+ daily range
  • #15,686
  • Sep 24, 2022 5:56pm Sep 24, 2022 5:56pm
Quoting bistolis
{quote} It is the same as any other timeframe . it is just much faster producing trends that I like to trade
Are you full-time trader? I have tried 1m chart long time ago. It require hard mental to focus on chart
  • #15,687
  • Sep 25, 2022 1:41am Sep 25, 2022 1:41am
Quoting livetolove03
{quote} Are you full-time trader? I have tried 1m chart long time ago. It require hard mental to focus on chart
I am not yet trading for a living. The last couple of years I am trying to transition into full time
  • #15,688
  • Sep 25, 2022 7:32am Sep 25, 2022 7:32am
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...
But for Swing PASR, I dont REALLY understand how to find the swing point in M5.

See my manually drawn swings below. If you don't know how to identify swings, search on my threads for swing highs/lows.

Attached Image (click to enlarge)
Click to Enlarge Name: M5 SWINGS.png Size: 14 KB

I cant maximize my profit.

This is a fool's game - no-one can maximise profit in trading - not even the Smart Money/Big Boys!

I take profit a part when it reach the S/R and let remaining run.

Run to what - hopefully not your SL? Learn to take profit when PASR signals to do so.

I don't know why you think this is trading! You can't trade on M5 and just let it run - any spike on high volatility will just RUN through your SL and wipe out your account - check in these two threads for examples of CHF doing exactly this. If you want to HOLD trades, you need to trade the higher time frames, H1 and above and check every hour or what your time frame increment is. If you trade M5, you need to check your chart every 5 minutes; M15 every 15 minutes; M1 - stay glued to your chart.

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 50 KB

You cannot trade PASR until you LEARN and UNDERSTAND what the candles are telling you! Look at the candle you entered short on - the long tail was telling you that BUYERS had REJECTED the sellers and were looking to take LONG positions. Also, just because PRICE closed below the Strat Shadow is NOT a signal to trade when it is FLAT. If it helps, I only use the Strat Shadow for Trend PASR

Attached Image (click to enlarge)
Click to Enlarge Name: b.png Size: 5 KB

Don't let my critique put you off, just learn from your mistakes and do not repeat them.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,689
  • Sep 25, 2022 7:41am Sep 25, 2022 7:41am
Quoting sibrahi4
{quote} you are right, the additional ema set was being me trying to be clever..ditched it now as it was confusing
being me trying to be clever.

Get "being clever" out of your mindset! The Market is the ONLY one that is "clever". PASR is proven over decades - all you have to do is find YOUR STYLE trading it. When I open my charts at 5am, I am like Manuel from "Fawlty Towers" - ""I know nothing"" - I just use PASR to follow wherever PRICE goes - up, down , sideways, I don't care - my Trade and Risk Management take care of everything else.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,690
  • Sep 25, 2022 9:09pm Sep 25, 2022 9:09pm
Quoting bistolis
{quote} Whatever feels comfortable for you. I prefer 100+ daily range
Thanks mate, I have a hard time choosing the pairs, I allready eliminate 7 pairs w/ atr less than 100 D, I can not focus in all of them, I choose to trade 5 min chart, also Daily when a good candle formation is present, always risking 1% of my account. Thanks strat things are more clear day by day.
  • #15,691
  • Sep 25, 2022 10:20pm Sep 25, 2022 10:20pm
Quoting chiche
{quote} Thanks mate, I have a hard time choosing the pairs, I allready eliminate 7 pairs w/ atr less than 100 D, I can not focus in all of them, I choose to trade 5 min chart, also Daily when a good candle formation is present, always risking 1% of my account. Thanks strat things are more clear day by day.
Another way to look at this, is to determine which pair is the "cheapest" to trade...

By cheapest, I mean what percentage the spread is of ATR

ie lets say you have two pairs...
pair 1: ATR of 100, spread of 3 pips = (3 % of ATR)
pair 2: ATR of 90, spread of 1 pip = (1.1 % of ATR)

yes, pair 1 may move more... however if you factor spread, maybe pair 2 is a better option? (especially if your trading the 5 minute!)
  • #15,692
  • Sep 26, 2022 2:52am Sep 26, 2022 2:52am
Hello everyone. I don't know why, but on the M1 I feel much more comfortable compared to the M5, it's much easier for me to visualize the graph. ( blue lines M5/M15 SR, red H1/H4)
Attached Image (click to enlarge)
Click to Enlarge Name: Captură de ecran din 2022-09-26 la 12.40.44.png Size: 25 KB
  • #15,693
  • Sep 26, 2022 11:31am Sep 26, 2022 11:31am
M1 DOW

Attached Image (click to enlarge)
Click to Enlarge Name: mym.png Size: 19 KB

M1 EURO

Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 22 KB

Friendly PA today
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,694
  • Sep 26, 2022 10:49pm Sep 26, 2022 10:49pm
Quoting Strat
{quote} But for Swing PASR, I dont REALLY understand how to find the swing point in M5. See my manually drawn swings below. If you don't know how to identify swings, search on my threads for swing highs/lows. {image} I cant maximize my profit. This is a fool's game - no-one can maximise profit in trading - not even the Smart Money/Big Boys! I take profit a part when it reach the S/R and let remaining run. Run to what - hopefully not your SL? Learn to take profit when PASR signals to do so. I don't know why you think this is trading! You can't trade...
Hi Strat,
Sorry for my late response, I read your reply several times and need to wait my laptop to reply.
I appreciate every words by you, it help me more understand and avoid to repeat my mistakes. I just step few steps on the PASR path, it is very small in comparison with 13 years of yours. I keep READING, LEARNING and try to UNDERSTANDING.
Swing point
I have read your post regarding to swing and confirmed swing, when high/low of the lowest/highest candle is taken, it is confirmed the swing candle. Is it right?
My issue is to recognize the swing point when trend is changed and entry at the new trend. I think I should keep reading and find it by myself.
Take profit
I just apply the plan to take profit, I take profit apart at 1st S/R and move SL to B.E, then let the remaining run. Since the SL move to B.E, I try to avoid my mistake at previous trade when profit turn to SL. If the profit reach to 2R, I'll close all trades, because it reach my daily target.
Strat Shadow flat
I'll remember your lesson. I keep practicing to understand what the candle telling me.
At last, I'm reading whole the thread, see the path and understanding PASR.
Thank you for your kind help.
  • #15,695
  • Sep 27, 2022 10:00am Sep 27, 2022 10:00am
M1 DOW

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 12 KB

Attached Image (click to enlarge)
Click to Enlarge Name: b.png Size: 10 KB

I couldn't get in the groove with the EURO so doubled up on the DOW
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,696
  • Sep 28, 2022 1:32am Sep 28, 2022 1:32am
GBPAUD M5

BUOB and IB

Attached Image (click to enlarge)
Click to Enlarge Name: 220928 GA BUOB.png Size: 36 KB

TP at near M15 Resistence for 2R profit. Enough for today.
I'm thinking about SL, if I set the SL at low of BUOB, the SL will be reached. If I set SL quite far, the RR will be not good
I still keep learning.
  • #15,697
  • Sep 28, 2022 12:31pm Sep 28, 2022 12:31pm
M1 DOW

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 19 KB

Attached Image (click to enlarge)
Click to Enlarge Name: b.png Size: 17 KB

Attached Image (click to enlarge)
Click to Enlarge Name: c.png Size: 16 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,698
  • Sep 29, 2022 9:25am Sep 29, 2022 9:25am
M1 EURO

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 14 KB

M1 DOW

Attached Image (click to enlarge)
Click to Enlarge Name: b.png Size: 20 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,699
  • Sep 29, 2022 1:00pm Sep 29, 2022 1:00pm
Quoting livetolove03
GBPAUD M5 BUOB and IB {image} TP at near M15 Resistence for 2R profit. Enough for today. I'm thinking about SL, if I set the SL at low of BUOB, the SL will be reached. If I set SL quite far, the RR will be not good I still keep learning.
Well done! A big step on THE PATH.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,700
  • Sep 30, 2022 12:59am Sep 30, 2022 12:59am
Quoting Strat
{quote} Well done! A big step on THE PATH.
Thank you for your encouragement.

29/09/2022

2 trades

GBPAUD M5 - BUOB

Attached Image (click to enlarge)
Click to Enlarge Name: 220929 GA BUOB.png Size: 32 KB

EURUSD M5 - Shooting star

Attached Image (click to enlarge)
Click to Enlarge Name: 220929 EU Shooting Star.png Size: 35 KB

Close all 2 trades when get 2R profit


30/9/2022

XAUUSD M5 - BUEB

Attached Image (click to enlarge)
Click to Enlarge Name: 220930 XAU BUEB.png Size: 34 KB

Close at 2R profit
4 traders viewing now