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Strat's PASR Long Term, Stress Free Trading

  • #15,761
  • Nov 4, 2022 2:30pm Nov 4, 2022 2:30pm
Quoting bistolis
I lost some 40pips trying to sell the dow and then I went long at the red dot but my little people kept insisting to exit and 2 minutes later it just went through. Oh well. I guess not that bad. Quite happy about not making big mistakes, although psychology got me in the end{image}
I didn't trade the DOW FUTURES this morning and instead traded the EURO FUTURES but here is how I would have likely traded it if it helps you in any way.

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Our Little People (Trading Psychology) are the most difficult to overcome in trading. I try to shut them up by telling them I am trading PA and not listening to them and will only act on what I see, and NOT what they think, on my chart. It works for me most of the time but when they are stronger than me, I give up and walk away.

Out of curiousity it seems you have some UK influence in you as in "Under the weather" and "biscuit".

It seems like it is just you and me on here now so thanks for the interest.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,762
  • Nov 4, 2022 5:02pm Nov 4, 2022 5:02pm
Quoting Strat
{quote} I didn't trade the DOW FUTURES this morning and instead traded the EURO FUTURES but here is how I would have likely traded it if it helps you in any way. {image} Our Little People (Trading Psychology) are the most difficult to overcome in trading. I try to shut them up by telling them I am trading PA and not listening to them and will only act on what I see, and NOT what they think, on my chart. It works for me most of the time but when they are stronger than me, I give up and walk away. Out of curiousity it seems you have some UK influence...
Appreciate the feedback.
Not exactly UK influence (I like the accent a lot though, I dont have any other than "bad english" accent I suppose). Mostly I read a lot of books and 99% of those in english. I guess I use expressions that I dont really know the origins of those.
Psychology is my biggest obstacle. I usually lose focus after a while and I miss addons and other entries. Work in progress
  • #15,763
  • Nov 4, 2022 5:07pm Nov 4, 2022 5:07pm
There is a nice WCC now on DOW and I wonder if we get a nice swing down to 31k next week (or weeks)
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I will keep an eye out for such a possibility, although anything can happen since there was a lot of buying
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  • #15,764
  • Nov 4, 2022 6:55pm Nov 4, 2022 6:55pm
Quoting Strat
{quote} I often wonder what happened to you
Life happened Strat, the best and the worst. Ironically, the best cannot happen unless the worse happens first.
I am sure we will discuss it live at some point in the future.
Have a great weekend
  • #15,765
  • Edited 8:04am Nov 6, 2022 7:42am | Edited 8:04am
PASR on H4 GBPUSD

Set buy stop above W bottom pattern and closed next day at M15 200ema
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  • #15,766
  • Nov 6, 2022 8:32am Nov 6, 2022 8:32am
Quoting TerryDawe
PASR on H4 GBPUSD Set buy stop above W bottom pattern and closed next day at M15 200ema {image} {image} {image}
Nice one. how did it survive the spike on NFP? where do you place your stops? (are there any?)
  • #15,767
  • Nov 6, 2022 9:36am Nov 6, 2022 9:36am
Quoting bistolis
{quote} Nice one. how did it survive the spike on NFP? where do you place your stops? (are there any?)
I placed the buy stop at EOD before going to bed so I placed the stop well below where I thought any news might take it out.
Using 1.1150 as a significant level, I placed my stop 15 pips below that. I have been taken out of many short term trades by setting too tight a stop so I am now using more common sense and allowing for breathing room.
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  • #15,768
  • Nov 6, 2022 9:53am Nov 6, 2022 9:53am
Quoting TerryDawe
{quote} I placed the buy stop at EOD before going to bed so I placed the stop well below where I thought any news might take it out. Using 1.1150 as a significant level, I placed my stop 15 pips below that. I have been taken out of many short term trades by setting too tight a stop so I am now using more common sense and allowing for breathing room. {image}
It came very close to stopping you out though. It never hurts to get lucky
  • #15,769
  • Nov 6, 2022 10:25am Nov 6, 2022 10:25am
Quoting TerryDawe
PASR on H4 GBPUSD Set buy stop above W bottom pattern and closed next day at M15 200ema {image} {image} {image}
Good to see you back trading and posting PASR, Terry. I guess golf must be finished for Winter in Canada then?
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,770
  • Nov 6, 2022 2:41pm Nov 6, 2022 2:41pm
Quoting bistolis
{quote} It came very close to stopping you out though. It never hurts to get lucky
It's always good to get lucky no matter what, but I was pretty confident that it was a logical stop with pretty low risk as well if it didn't go in my direction.

Regards
Terry
  • #15,771
  • Edited Nov 7, 2022 7:25am Nov 6, 2022 7:59pm | Edited Nov 7, 2022 7:25am
Watching for move

What do you think?
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  • #15,772
  • Edited 7:54am Nov 7, 2022 7:28am | Edited 7:54am
Quoting TerryDawe
Watching for move What do you think? {image}
No comments or ideas on what would happen next so just posting a follow up chart this morning.
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  • #15,773
  • Nov 7, 2022 9:08am Nov 7, 2022 9:08am
Hi Strat & everyone

May I suggest you pay attention to long duration bonds at this point of the cycle?
As we are approaching the end of the rate hiking cycle, 20+ year bonds will probably outperform other assets
I will post some charts on TLT and UB when it becomes relevant
Have a great day
  • #15,774
  • Nov 8, 2022 6:22am Nov 8, 2022 6:22am
Quoting darko2010
Hello Strat & Gang, I was in the neighbourhood and came to say hi. This is where it all started for me 4 years ago and I realize the patience and generosity Strat demonstrated and keeps demonstrating from what I see. I hope everybody is well and surviving (and thriving) in this bear market. PASR is the only way to succeed, always. D
What a coincidence Darko, I was doing the same. Strat's generosity was the turning point for my trading around 4 years ago (after about 6 years of rollercoaster).
Thanks Strat and much success to all. Cheers.
  • #15,775
  • Nov 8, 2022 7:54am Nov 8, 2022 7:54am
Bad execution though
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  • #15,776
  • Nov 8, 2022 11:57am Nov 8, 2022 11:57am
M1 & M5 EURO

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Trend PASR is so much easier and less stressful than Basic PASR
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,777
  • Nov 8, 2022 12:07pm Nov 8, 2022 12:07pm
Quoting darko2010
Hi Strat & everyone May I suggest you pay attention to long duration bonds at this point of the cycle? As we are approaching the end of the rate hiking cycle, 20+ year bonds will probably outperform other assets I will post some charts on TLT and UB when it becomes relevant Have a great day
May I suggest you pay attention to long duration bonds at this point of the cycle?

What a coincidence Darko, I was doing the same.

Thank you darko (and Radhe). The only thing I know about Bonds is that they trade counter to Stocks. Please post some chart examples to whet my appetite. Thank you.

Meanwhile, the $ continues to dive.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,778
  • Nov 8, 2022 12:08pm Nov 8, 2022 12:08pm
Quoting Strat
{quote} Good to see you back trading and posting PASR, Terry. I guess golf must be finished for Winter in Canada then?
Hey Strat,
Yeah golf season is winding down, our course is closing at the end of this week.
I thought I would start posting higher time frame trades, tried M1 and M5 but prefer the slightly higher time frames although I still drop to M1 and M5 for better entries on retraces.
Just took a long on GU this morning on M30 and closed when the Big Boss informed me we had to go and rake up leaves in the yard. There was still room for more up move but I was only targeting the top of the H4 control candle so that is where I got out.
Regards
Terry
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  • #15,779
  • Nov 8, 2022 4:45pm Nov 8, 2022 4:45pm
A line chart showing the power of the strat shadow combined with the 9 on H4. Retraces closed right down to the bottom of the shadow followed by a retrace right down the 9.

Good thing to switch to line charts occasionally to see where price is closing and taking away all the wicks and tails.

Thought this might be of interest to some.

Regards
Terry
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  • #15,780
  • Nov 9, 2022 7:50am Nov 9, 2022 7:50am
Price did not react to my liking, although in the end it almost reached my targets
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