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Strat's PASR Long Term, Stress Free Trading

  • #16,201
  • Feb 21, 2023 2:48am Feb 21, 2023 2:48am
Just took this trade on DAX 1min, for about 1:5 RR

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https://twitter.com/BeauBuyer
  • #16,202
  • Feb 21, 2023 4:33am Feb 21, 2023 4:33am
Quoting ixam23
Just took this trade on DAX 1min, for about 1:5 RR {image}
great trade
  • #16,203
  • Feb 21, 2023 5:03am Feb 21, 2023 5:03am
exit at M15 lows of monday
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  • #16,204
  • Edited 8:44am Feb 21, 2023 6:27am | Edited 8:44am
Quoting Strat
{quote} I ran pivots alongside my SR and Fibonacci all last week and they do not provide me with any additional information but that is me. I am sure they will be valuable for others with less experience. If they are valuable to you then go ahead and include them in your analysis and trading.
I use Daily pivots with mid points, they often are close to fib levels (depending how one draws these fibs), pivots are just easier for me to use on one of the charting I use ProTimeReal, in addition I can use fib pivots ( do not use that often except Weekly fib pivots on MT4 and DT).

PA is always the most important thing to consider, pivots, MAs and whatever one uses is only to provide an background orientation tool.
I do not feel adequately equipped to put years of experience and thousands of hours spent studying and observing the interaction of PA with that background, and come with something sparkling new, which has not already been described endless times in the past.
I might easily spend hours trying to explain making you very bored and confused.
As Strat pointed out, historic S/R on the left side of the chart, and possible future S/R zones on the right side of the chart are to be considered carefully.
One has to do some research, including observation of our emotions. Take what looks promising and after testing use it, lightly to start with and when gaining more experience, use it on a larger lots.
There is a lot posted on the subject on FF and internet.

Edit note 2.46pm (16 min into US session)
I discount yesterday as a "full trading day", take last Fri as a guide
Make sure losses are small and profits are bigger!
  • #16,205
  • Feb 21, 2023 8:55am Feb 21, 2023 8:55am
Short 1min after the news. Fading that big wick after PMI
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The are probably more entries at the highs on this chart but I did want to wait for the news.
  • #16,206
  • Feb 21, 2023 9:12am Feb 21, 2023 9:12am
Nature calls and I miss this for an easy 50 to ADR
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  • #16,207
  • Feb 21, 2023 10:39am Feb 21, 2023 10:39am
Dow 1min right now

Was a good day today!
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https://twitter.com/BeauBuyer
  • #16,208
  • Feb 21, 2023 10:45am Feb 21, 2023 10:45am
Quoting ixam23
Dow 1min right now Was a good day today! {image}
amazing
  • #16,209
  • Feb 21, 2023 1:21pm Feb 21, 2023 1:21pm
M2 EURO

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Wicked PA until about 7am then back to regular PA
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,210
  • Feb 21, 2023 1:50pm Feb 21, 2023 1:50pm
Quoting Strat
M2 EURO {image} Wicked PA until about 7am then back to regular PA
I have noticed that PA gets really smooth at about 13:00 NY until close.
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  • #16,211
  • Feb 22, 2023 1:40am Feb 22, 2023 1:40am
Quoting bistolis
{quote} I have noticed that PA gets really smooth at about 13:00 NY until close.{image}
uhhh, that setup was really smooth
  • #16,212
  • Edited 2:51am Feb 22, 2023 2:41am | Edited 2:51am
Probably early exit. I think I just wanted to protect the profit here.
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Very turbulent after the open.
EDIT: my initial target has been reached but that's life of a newbie trader. I learn (slowly)
I was going to exit at yesterdays low point. Although it even reached my original estimate of previous weeks low.
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  • #16,213
  • Feb 22, 2023 3:08am Feb 22, 2023 3:08am
Quoting DexterzxD
{quote} uhhh, that setup was really smooth
On DOW though. I dont watch any other chart after NY open
  • #16,214
  • Edited 8:53am Feb 22, 2023 8:42am | Edited 8:53am
havent seen such a mess in quite sometime
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market maker's happy hour
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  • #16,215
  • Feb 22, 2023 9:06am Feb 22, 2023 9:06am
Quoting bistolis
havent seen such a mess in quite sometime{image} market maker's happy hour{image}
The EURO is not much better, I have switched to M5 to smooth out the PA
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,216
  • Feb 22, 2023 9:13am Feb 22, 2023 9:13am
Quoting Strat
{quote} The EURO is not much better, I have switched to M5 to smooth out the PA
I was thinking about it here , and I didnt really feel confident, so I didnt go short. What is your opinion ?
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I think my intuition after some time that I am trading live is getting sharp. Or is it hindsight bias ? and I would have rationalize it if it didnt work this time ?
  • #16,217
  • Feb 22, 2023 9:21am Feb 22, 2023 9:21am
Quoting bistolis
{quote} I was thinking about it here , and I didnt really feel confident, so I didnt go short. What is your opinion ? {image} I think my intuition after some time that I am trading live is getting sharp. Or is it hindsight bias ? and I would have rationalize it if it didnt work this time ?
I would have taken it because the risk (SL) is small
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,218
  • Feb 22, 2023 9:22am Feb 22, 2023 9:22am
Quoting bistolis
{quote} I was thinking about it here , and I didnt really feel confident, so I didnt go short. What is your opinion ? {image} I think my intuition after some time that I am trading live is getting sharp. Or is it hindsight bias ? and I would have rationalize it if it didnt work this time ?
I think my intuition after some time that I am trading live is getting sharp.

Yes, the more you do it the better you get
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,219
  • Feb 22, 2023 9:25am Feb 22, 2023 9:25am
Quoting Strat
{quote} The EURO is not much better, I have switched to M5 to smooth out the PA
Now back to M1 as PA smooths out
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,220
  • Feb 22, 2023 9:30am Feb 22, 2023 9:30am
Quoting Strat
{quote} Now back to M1 as PA smooths out
and once more I was afraid to take the short. I think I will come back later. i am not in the right mindset
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