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Strat's PASR Long Term, Stress Free Trading

  • #16,081
  • Jan 29, 2023 9:07am Jan 29, 2023 9:07am
Quoting bistolis
{image}
Very good bistolis. I don't know how you held on through that big pull back, I know I couldn't, but if that's your style and it works for you then keep on doing it. How did you feel when you saw PRICE going against you and why did you not buy again after the pullback. Thanks.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,082
  • Jan 29, 2023 9:37am Jan 29, 2023 9:37am
Quoting bistolis
{quote} 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. {image}and then same thing again at support on the downside
Seorsian, your 15/5/1 analysis is good, which is similar to mine when I am looking for my first entry, but once I am in, then I just watch how PRICE is moving relative to PRICE and TIME. Sometimes, there is no need for the 15/5 as it is clear on M1 as to what the Big Boys are doing. After that, PASR/Strat Shadow will show you the way as long as you understand when trending PRICE changes to ranging PRICE. However, I agree 100% with bistolis but if this works for you and is your style then keep on doing it.

Check my tips from older posts:


Trade the Meat of the Trend - don't look to get in at the top or out at the bottom - that is where $$ are given back/lost.

Follow the footprints of the Big Boys - they cannot do anything without leaving their footprints behind

Study the TEST and RE-TEST of PASR - bistolis identified this on your chart. Check my entries and exits to see more examples BUT do not try to trade like me - no-one can trade like me just as I can't trade like anyone else, we are all unique as traders.

Thanks for posting and keep posting your progress
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,083
  • Jan 29, 2023 11:21am Jan 29, 2023 11:21am
Quoting Strat
{quote} Very good bistolis. I don't know how you held on through that big pull back, I know I couldn't, but if that's your style and it works for you then keep on doing it. How did you feel when you saw PRICE going against you and why did you not buy again after the pullback. Thanks.
I was risking it at the point. When I saw a nice fat shadow I wanted to risk expecting a push towards the current direction with the news. When it spiked against me, well, there was nothing really to do as to wait what happens next. And what happened next is that I chickened out and didnt add to the move (the market agreeing with me being long). Learning as I go.
The exit was pretty close to where I saw the big timeframes creating resistance.
After that point my emotions were high and I stepped back. On hindsight PA was very nice and orderly on the downmove, but nothing to regret.
  • #16,084
  • Jan 30, 2023 7:20am Jan 30, 2023 7:20am
Hello Strat
I am lurking to this thread several years. I am at a certain level so i dont lose money but neither make any profit.
Thanks for sharing the path. I occasionally watch that you publish chart from DOW TF M1 and i am wondering whats the spread of your broker so you can be consistent profitable. My broker is 40 points!!
  • #16,085
  • Jan 30, 2023 10:48am Jan 30, 2023 10:48am
M1 EURO

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In hindsight, the DOW would have been a much smoother ride albeit less profitable.

We have a projected power outage at 9am until 3:30pm so I guess that's me done for the day
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,086
  • Jan 30, 2023 10:57am Jan 30, 2023 10:57am
Quoting macuba
Hello Strat I am lurking to this thread several years. I am at a certain level so i dont lose money but neither make any profit. Thanks for sharing the path. I occasionally watch that you publish chart from DOW TF M1 and i am wondering whats the spread of your broker so you can be consistent profitable. My broker is 40 points!!
whats the spread of your broker so you can be consistent profitable.

There are no spreads with Futures brokers! We get charged for Exchange Fees, Commissions, NFA Fees, Charting Package Fees and miscellaneous broker fees.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,087
  • Jan 31, 2023 1:55am Jan 31, 2023 1:55am
Good morning
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  • #16,088
  • Jan 31, 2023 5:11pm Jan 31, 2023 5:11pm
Quoting bistolis
Good morning {image}
It was a very good morning for you! Good job!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,089
  • Feb 1, 2023 3:18am Feb 1, 2023 3:18am
GJ M1
total RR 1:8
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  • #16,090
  • Feb 1, 2023 3:39am Feb 1, 2023 3:39am
Quoting DexterzxD
GJ M1 total RR 1:8 {image}
Nice. And adding to it as well makes a big difference over time.
  • #16,091
  • Feb 1, 2023 5:10am Feb 1, 2023 5:10am
Quoting bistolis
{quote} Nice. And adding to it as well makes a big difference over time.
in the first place i was tempted to take the blue circle but the retracement was steep and i would have been taken out at 0.X pips.
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  • #16,092
  • Feb 1, 2023 8:35am Feb 1, 2023 8:35am
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  • #16,093
  • Feb 1, 2023 11:18am Feb 1, 2023 11:18am
FOMC waiting room
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  • #16,094
  • Feb 1, 2023 12:16pm Feb 1, 2023 12:16pm
Quoting bistolis
FOMC waiting room {image}
nice setup with good momentum , where did you had initial sl
  • #16,095
  • Edited 1:57pm Feb 1, 2023 12:53pm | Edited 1:57pm
Quoting DexterzxD
{quote} nice setup with good momentum , where did you had initial sl
above the red candle

after FOMC and press conference
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  • #16,096
  • Feb 1, 2023 6:28pm Feb 1, 2023 6:28pm
Quoting bistolis
{quote} above the red candle after FOMC and press conference {image}
Good job, bistolis, I'm not too sure I could have done those trades.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,097
  • Edited 8:34pm Feb 1, 2023 8:18pm | Edited 8:34pm
Quoting Strat
{quote} Good job, bistolis, I'm not too sure I could have done those trades.
PA has been indicating good entries on shorter TFs, however, my perspective have also been augmented by few observed insights often useful in trading indices, DOW included.
This is still "earning season" and DOW likes to make large moves in all direction eventually finishing positive on these days, getting well above the last session close. The gap has been well filled with a good overspill. Wednesday was not an exception, but the final move up came after the FOMC chairman speech, which did not signal anything drastically new, since the reaction of many points. Then META earnings after the close, and now DOW is setting similar dance for Thursday session. I almost posted similar post last night, but thought twice and have not done it.
Tomorrow is a good day for similar action as big companies are declaring earnings. So like at the last several Earning days, Dow might go well below the NYSE session close, and eventually finish high, hitting a good pivot zones well above the daily Pivot, or FIB RET/EXT if one uses them.
https://www.ii.co.uk/investing-with-...arnings-season

M15,M5 M1 gearing have really indicated well the expected move up, especially the mid session one and the final move up and down in preparation for Thursday.
I usually enter the initial trade on M1/M2 and then manage it looking on additional TF like M5 and M15/M30.
M5 is a very useful in fast moving moments, keeping an eye on volatility index and USD index, just in case there is something unusual happening there.

Just a game and dance the PA does, which have very little to do with whats going with economy long term.
One has to lough at some comments made on CNBC or Bloomberg, but CNBC useful for news/data release, which is fast enough for me.
Make sure losses are small and profits are bigger!
  • #16,098
  • Feb 2, 2023 5:48am Feb 2, 2023 5:48am
GOLD
Greedy entry and a bit of luck and a bit of reading the move correctly. overall not ideal

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  • #16,099
  • Edited 6:54am Feb 2, 2023 6:01am | Edited 6:54am
So far DOW is following the path, DOW down 140tish points -0.41% while S&P500 is up +0.38% and NASDAQ up +1.2%, where is DOW more likely to go?
DAX up +1.3% as well
Make sure losses are small and profits are bigger!
  • #16,100
  • Feb 2, 2023 6:07am Feb 2, 2023 6:07am
Quoting 2be
{quote} So far DOW is following the path, DOW down 140tish points -0.41% while S&P500 is up +0.38% and NASDAQ up +1.2%, where is DOW more likely to go? DAX up +1.3% as well
I wouldnt be surprised if DOW would drop 1200points over the next days/weeks
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