For the people that might have noticed I am short the DOW most of the time. The slightly higher frames are in a downtrend, so I am only looking for short as close to the strat shadow as possible on m5 m15 (mostly) 
Strat's PASR Long Term, Stress Free Trading
- #16,222
- Feb 22, 2023 9:43am Feb 22, 2023 9:43am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #16,223
- Feb 22, 2023 1:41pm Feb 22, 2023 1:41pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
M1 EURO
Pretty good morning considering initial PA was slow and irregular
Pretty good morning considering initial PA was slow and irregular
15 YEARS OF PASR ON FOREX FACTORY!
- #16,224
- Edited 1:54pm Feb 22, 2023 1:43pm | Edited 1:54pm
- Joined Sep 2016 | Status: Inactive | 1,531 Posts
M1 EURO {image} {image} {image} Pretty good morning considering initial PA was slow and irregular
again I was just thinking of going short BUT didnt do anything. just not my day I guess
I can not ride PA like you though. Not how my brain works. More like going the way of the m15 H1 bigger trend and hop in on m1 when M5 agrees as well
- #16,225
- Feb 22, 2023 1:49pm Feb 22, 2023 1:49pm
- Joined Sep 2016 | Status: Inactive | 1,531 Posts
There was though one entry long today that I would have taken but I wasnt on the laptop at the time
If people are wandering why going long , you must compare how PA looked like at that point on m15 and m5
I was very sure at that point that this was in a range but it just didnt feel like going short (intuition) 
I was watching PA but I missed the actual marked entry point (probably I might have hesitated at that as well)
Shitty mindset this afternoon. Ending the day with a slight profit
If people are wandering why going long , you must compare how PA looked like at that point on m15 and m5
I was very sure at that point that this was in a range but it just didnt feel like going short (intuition)
I was watching PA but I missed the actual marked entry point (probably I might have hesitated at that as well)
Shitty mindset this afternoon. Ending the day with a slight profit
- #16,226
- Feb 22, 2023 5:11pm Feb 22, 2023 5:11pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #16,227
- Feb 23, 2023 10:32am Feb 23, 2023 10:32am
- Joined Sep 2016 | Status: Inactive | 1,531 Posts
This month was a freaking struggle, with drawdown and emotions and reviewing trades and learning and writing down mistakes etc etc
A total rollercoaster. The trades below bring me to break even for the month after a ridiculous -6.24% due to terrible trading and a slow grind back to zero (+some peanuts).
I am off for the week and for the month . I need to get my mental state in order. Trading is brutal
PS: the exit is a few pips below yesterdays low and coincidentally making me slight profitable for the month (double fist pump)
A total rollercoaster. The trades below bring me to break even for the month after a ridiculous -6.24% due to terrible trading and a slow grind back to zero (+some peanuts).
I am off for the week and for the month . I need to get my mental state in order. Trading is brutal
PS: the exit is a few pips below yesterdays low and coincidentally making me slight profitable for the month (double fist pump)
- #16,228
- Feb 23, 2023 10:50am Feb 23, 2023 10:50am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
M1 EURO
Lumpy PA after the news until US Open and then not all that great but, for the most part, PRICE structure remained intact.
Lumpy PA after the news until US Open and then not all that great but, for the most part, PRICE structure remained intact.
15 YEARS OF PASR ON FOREX FACTORY!
- #16,229
- Feb 24, 2023 12:34pm Feb 24, 2023 12:34pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
M1 EURO
Late out of bed so missed the CPI fireworks.
Started out with PASR but after irregular PA and PRICE structure switched to Fibonacci Trading. PRICE became really erratic around NY lunch time and finally quit when PRICE started gapping. Pretty good points haul although I had up a couple of losers considering PRICE was only in a 235 point range
Late out of bed so missed the CPI fireworks.
Started out with PASR but after irregular PA and PRICE structure switched to Fibonacci Trading. PRICE became really erratic around NY lunch time and finally quit when PRICE started gapping. Pretty good points haul although I had up a couple of losers considering PRICE was only in a 235 point range
15 YEARS OF PASR ON FOREX FACTORY!
- #16,230
- Feb 24, 2023 12:37pm Feb 24, 2023 12:37pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
This month was a freaking struggle, with draw down and emotions and reviewing trades and learning and writing down mistakes etc etc A total roller coaster. The trades below bring me to break even for the month after a ridiculous -6.24% due to terrible trading and a slow grind back to zero (+some peanuts). I am off for the week and for the month . I need to get my mental state in order. Trading is brutal
15 YEARS OF PASR ON FOREX FACTORY!
- #16,231
- Feb 25, 2023 3:47am Feb 25, 2023 3:47am
- Joined Sep 2016 | Status: Inactive | 1,531 Posts
{quote} It seems like you lost the plot somewhere in the month - do you know the whats, why and where? If you don't want to discuss on here, contact me.
Do you mean about the drawdown? I keep screenshots and notes and analyze my thinking at the end of the day and on weekends.
There are mental flaws that get me in trouble and I am working on recognizing when that happens to stop myself while doing it. Other times I stray from my method or find myself chasing price (or getting lost in the 1min moves, losing sight of the bigger time frame). To name just a few. Everything is a work in progress.
In general I wasnt in the right mind to trade ( maybe step 4 of the path
) and I was steadily bleeding money in small bites the first couple of weeks and then I forced myself to be more patient and stick to what I found is working for me. the last 6 days were a steady growth (more or less because I was still making some mistakes) and I went to breakeven.Friday was great . I was paper trading and did amazingly well (funny how that always is much easier when money is not involved).
I will watch the indices in the last 2 trading days but will refrain from trading at all.
This break will serve for some time off the markets to clear my head.
Thinking about it now, I just made over 5% in a week by risking 0.3-0.4% per trade. Overall I am happy with my progress so far.
- #16,232
- Feb 25, 2023 3:59am Feb 25, 2023 3:59am
- Joined Sep 2016 | Status: Inactive | 1,531 Posts
I usually dont post the bad trades. I believe people need to be in my shoes doing the shitty trading in order to learn (IF they learn). It is hard to look back and reviewing (and reliving) the bad times. But we need to do it every single day. There is always something to learn from our trades.
Here is a prime example of hot NOT to trade
Here is a prime example of hot NOT to trade
- #16,233
- Feb 25, 2023 9:40am Feb 25, 2023 9:40am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
I usually don't post the bad trades. I believe people need to be in my shoes doing the shitty trading in order to learn (IF they learn). It is hard to look back and reviewing (and reliving) the bad times. But we need to do it every single day. There is always something to learn from our trades. Here is a prime example of how NOT to trade {image}
Two Large Red Rectangles: I don't know what time these are for you but they are times where you should sit and watch until the large wicks and tails disappear and the candles return to "normal". This could be FOMO where you want to get in as soon as possible in the hope of catching a "runner". I used to, and sometimes, still am guilty of this as it is a natural trader's mindset to trade what he thinks is his "set up" but we need the DISCIPLINE to WAIT until PRICE "settles down" and the large wicks and tails disappear. Sometimes they don't disappear during your trading session in which case, don't think of the missed trading opportunities and instead, think of the $money your DISCIPLINE has SAVED you.
Thin Horizontal Red Rectangle on the Strat Shadow: When the Strat Shadow is thin and horizontal, it indicates directionless ranging PRICE and trading should be avoided. Basic PASR can be used to trade this but you have to have your finger on the "close trade" button as PRICE is always wicked in this area. Normal PASR Swing trading can resume when PRICE CLOSES below support as indicated by the RED Arrow.
RED and GREEN Arrows: Explained many times in both of these threads, these are our "bread and butter", "sore thumb", money making trades. Look how they are STRESS FREE as they have a small SL, low risk, and immediately move in your chosen trade direction without looking back.
Remember: The Strat Shadow gives you your trend direction in every time frame and unless you are very experienced, DO NOT TRADE AGAINST it - rather WAIT for PRICE to resume the direction of the Strat Shadow.
Watching and reviewing your posts bistolis, tells me you are getting ahead of yourself in your trading experience and capabilities and I am probably guilty of influencing you by posting my trades - maybe I should stop posting them? I have said it so many times but here it goes again: nobody can trade like me just like I can't trade like anyone else; we are all unique as traders and have to find our "trading style" within any chosen method/strategy. Please don't be offended but it seems you "believe" you are better than you really are.
If I was where you are at (and I have been there many times), and as I suggested before, go back to ONLY taking "bread and butter", "sore thumb" trades and FORGET anything else until you have built up a sizeable account and you are a MASTER at these trades.
Again, good luck and stick at it and please don't take this as negative criticism.
15 YEARS OF PASR ON FOREX FACTORY!
- #16,234
- Feb 25, 2023 11:02am Feb 25, 2023 11:02am
- Joined Sep 2016 | Status: Inactive | 1,531 Posts
RED and GREEN Arrows: Explained many times in both of these threads, these are our "bread and butter", "sore thumb", money making trades. Look how they are STRESS FREE as they have a small SL, low risk, and immediately move in your chosen trade direction without looking back.
those are things that I missed while my emotions are high and taking losses left and right.
People reading these posts should notice that "it just happens" that I am active in the WRONG moment "trying" to catch a trade. while the actual move happens at other times.
I appreciate the criticism. That's how I learn anyways. My own criticism to my trading is harsher than that
I learn from your trades. Keep posting. And for sure I can not trade like you or anyone else. I am developing my own method that fits better to my style. But it is pretty much trend trading. Basic PASR is not really something I feel comfortable trading. I like jumping in on retracements to a trend and if I am lucky to catch the trend when it starts (usually i am not)
example from my last day trading and paper trading on friday
taking trades on the small retracements in the direction of the bigger frame (m15 H1)
those are things that I missed while my emotions are high and taking losses left and right.
People reading these posts should notice that "it just happens" that I am active in the WRONG moment "trying" to catch a trade. while the actual move happens at other times.
I appreciate the criticism. That's how I learn anyways. My own criticism to my trading is harsher than that
I learn from your trades. Keep posting. And for sure I can not trade like you or anyone else. I am developing my own method that fits better to my style. But it is pretty much trend trading. Basic PASR is not really something I feel comfortable trading. I like jumping in on retracements to a trend and if I am lucky to catch the trend when it starts (usually i am not)
example from my last day trading and paper trading on friday
taking trades on the small retracements in the direction of the bigger frame (m15 H1)
- #16,235
- Feb 25, 2023 11:09am Feb 25, 2023 11:09am
- Joined Sep 2016 | Status: Inactive | 1,531 Posts
I was watching before, during and after PCE and notice M5 on the red mark. I was thinking at that point that if I had a trade live up to that point than THIS would for sure convince me to keep it open and not close it before the news. 
- #16,236
- Feb 25, 2023 11:13am Feb 25, 2023 11:13am
- Joined Sep 2016 | Status: Inactive | 1,531 Posts
after NY open same kind of PA that I am looking for ( it requires patience that I lack many times) and price eventually reaching WCC low as shown on left corner on m15. the points to enter short are at the same time bouncing off the M5 shadow ( upper left). 
- #16,237
- Feb 26, 2023 8:22am Feb 26, 2023 8:22am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #16,239
- Feb 27, 2023 7:45am Feb 27, 2023 7:45am
- Joined Sep 2016 | Status: Inactive | 1,531 Posts
{quote} Hi bistolis, you understand PASR so work on your DISCIPLINE to wait and stay out until you see these set ups. Resist the temptation to jump in on any old set up especially during the first hour of US open. I don't always manage to do it but I want money in the bank on my first trade of the day so I look for a very conservative "sure thing" set up. Good luck
This trade was today. Entered long before the durable goods report. The exit might be too soon. My plan is to capture a portion of the move up before NY open.
I am using my tiny live account for the last 2 days of the month, to not be paper trading but have actual money on the line, even if it is a microlot
