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Strat's PASR Long Term, Stress Free Trading

  • #16,061
  • Jan 24, 2023 9:42am Jan 24, 2023 9:42am
EURJPY
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  • #16,062
  • Jan 24, 2023 1:08pm Jan 24, 2023 1:08pm
Quoting TerryDawe
EURJPY {image}
Getting to like M1 Terry?
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,063
  • Jan 24, 2023 1:09pm Jan 24, 2023 1:09pm
M1 DOW

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M5 is too slow for me now
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,064
  • Jan 24, 2023 3:26pm Jan 24, 2023 3:26pm
Quoting TerryDawe
EURJPY {image}
Nice. Terry, what were you looking at when you traded this pair .. around the NY open .
  • #16,065
  • Jan 25, 2023 12:56pm Jan 25, 2023 12:56pm
M1 DOW

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It seems I trained the Big Boys really well on PASR/Strat Shadow!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,066
  • Jan 26, 2023 1:56pm Jan 26, 2023 1:56pm
Surgery today so no trading
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,067
  • Jan 26, 2023 3:46pm Jan 26, 2023 3:46pm
Quoting Strat
Surgery today so no trading
Hopefully nothing serious
  • #16,068
  • Jan 26, 2023 3:48pm Jan 26, 2023 3:48pm
Quoting Strat
{quote} Getting to like M1 Terry?
Hey Strat,
Don't like it so much but once in awhile if I see a nice pattern setting up and I am at the computer I like to take it on.
Most of the time I get beat up on the M1 so am trying to stay away from it.
Regards
Terry
  • #16,069
  • Jan 26, 2023 8:44pm Jan 26, 2023 8:44pm
Quoting Strat
Surgery today so no trading
Hope you are doing ok
  • #16,070
  • Jan 26, 2023 10:26pm Jan 26, 2023 10:26pm
Quoting Strat
Surgery today so no trading
Hope you are well, wishing good recovery.
Best wishes!
Make sure losses are small and profits are bigger!
  • #16,071
  • Jan 26, 2023 10:40pm Jan 26, 2023 10:40pm
Get well. Best wishes.
Mark ... Everything you have been told is a LIE
  • #16,072
  • Jan 27, 2023 2:02am Jan 27, 2023 2:02am
Quoting TerryDawe
{quote} Hey Strat, Don't like it so much but once in awhile if I see a nice pattern setting up and I am at the computer I like to take it on. Most of the time I get beat up on the M1 so am trying to stay away from it. Regards Terry
Yes M1 is an acquired taste
I guess it needs getting used to
  • #16,073
  • Jan 27, 2023 5:07am Jan 27, 2023 5:07am
Quoting Strat
Surgery today so no trading
Hi Strat,
Wishing you a successful surgery and quick recovery too.
Thank you
  • #16,074
  • Jan 27, 2023 9:10am Jan 27, 2023 9:10am
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  • #16,075
  • Jan 27, 2023 12:35pm Jan 27, 2023 12:35pm
Hi Strat,

First of all, joining everyone in the wish of quick and good recovery. I do also hope it wasn't a serious thing.

I've been following your advice about trading the 15-5-1 charts every morning and you definitely get to understand a lot. Years back when you had your M1 Bootcamp, well... the idea seemed impossible to me.
Still, I will give it more time to sink in. Keep learning and practicing.
Thanks for your tremendous advice.

Today I did a trade on the DOW:
Enter the trade the moment all 3 TFs confirmed a swing high, which surprised surprised, happened together with the SS crossover.
2 tranches traded, 1st exit at support (1st purple cross) and 2nd exit at next support which showed a BUEB.
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  • #16,076
  • Jan 27, 2023 12:43pm Jan 27, 2023 12:43pm
Quoting Seorsian
Hi Strat, First of all, joining everyone in the wish of quick and good recovery. I do also hope it wasn't a serious thing. I've been following your advice about trading the 15-5-1 charts every morning and you definitely get to understand a lot. Years back when you had your M1 Bootcamp, well... the idea seemed impossible to me. Still, I will give it more time to sink in. Keep learning and practicing. Thanks for your tremendous advice. Today I did a trade on the DOW: Enter the trade the moment all 3 TFs confirmed a swing high, which surprised surprised,...
Hi
Do you trade according to the PA or the shadow ? I cant figure out what you were doing . I guess short ?
  • #16,077
  • Jan 27, 2023 1:46pm Jan 27, 2023 1:46pm
M1 EURO

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Gave up early as I was in pain.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,078
  • Jan 28, 2023 9:34am Jan 28, 2023 9:34am
Thanks everyone for their well wishes
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,079
  • Jan 28, 2023 2:52pm Jan 28, 2023 2:52pm
Quoting bistolis
{quote} Hi Do you trade according to the PA or the shadow ? I cant figure out what you were doing . I guess short ?
Same chart, better explanation (I hope):

I used dark green color for marks on the Big Boss, Green for the Boss and Pale green on the Worker. Black horizontal lines are my SR lines from Big Boss and Boss.

Before I enter a trade on the Worker, I always make sure I'm in alignment with the Boss direction. Pretty much like using PASR for Swing Trading, in this case from the Boss swing high to the Boss swing low.
Once price breaks and closes below the green horizontal line on the Boss, the swing high is confirmed. This happened on the Worker after the close below the 72EMA (black arrow). <<Boss Check>>

From here, I wait for 2 things: PA being supported by a negative Strat Shadow and LL-HL-LL.
As price continues the SS goes from positive to negative (crossover). Now I wait for price to give me a signal to enter, in this case it gave me a doji and red bar which became a BEEB. <<Worker Check>>

However, price is hovering above the support line and my Big Boss swing high confirmation line. In my short experience, I've seen price bounce from the Monthly Control Candle many times when everything was telling me to enter a trade. So I decided to wait one more candle to enter short and this next red candle that appeared broke both lines. I know my Bog Boss Swing High is not confirmed yet, but momentum is on my side. The problem with waiting for all lights to go green is that by then the move went almost all the way without me (as usual, it's a trade-off). <<Big Boss Check>>

SL: Above BEEB
TP1: 1st Support line (1st purple cross).
TP2: Reversal pattern to the upside (2nd purple cross). I moved my SL above the hammer when TP1 got hit, but price kept on going down.

Hope it's clearer. Cheers.
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  • #16,080
  • Jan 29, 2023 6:20am Jan 29, 2023 6:20am
Quoting Seorsian
{quote} Same chart, better explanation (I hope): I used dark green color for marks on the Big Boss, Green for the Boss and Pale green on the Worker. Black horizontal lines are my SR lines from Big Boss and Boss. Before I enter a trade on the Worker, I always make sure I'm in alignment with the Boss direction. Pretty much like using PASR for Swing Trading, in this case from the Boss swing high to the Boss swing low. Once price breaks and closes below the green horizontal line on the Boss, the swing high is confirmed. This happened on the Worker after...
I think you are making it too complicated for yourself
I hope this makes more sense.
At the top you have some nice PA showing you resistance after that shooting star.
I marked a few entry points once it started moving lower, and by that time the trend is reversed.
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and then same thing again at support on the downside
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