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Strat's PASR Long Term, Stress Free Trading

  • #16,241
  • Edited 8:10am Feb 27, 2023 7:56am | Edited 8:10am
Quoting DexterzxD
UC M1 half of position closed for 2R and the rest was a free trade and i just moved SL above every swing high until the structure has changed and i closed manually, when i have a free trade like this, my fear and greed disappear and i can take more rational decisions. {image}
Notice that green candle going against the shadow but the next candle is not closing higher. (marked with a red V). You can add after that.
Attached Image (click to enlarge)
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PS : Or minutes later when price breaks down from the lows of that consolidation (support). Like strat was showing in recent posts
  • #16,242
  • Feb 27, 2023 8:07am Feb 27, 2023 8:07am
Quoting bistolis
{quote} Notice that green candle going against the shadow but the next candle is not closing higher. (marked with a red V). You can add after that.{image}
i was thinking about that add on but now you confirmed my thoughts i will do next time if conditions are good. thank you
  • #16,243
  • Feb 27, 2023 8:11am Feb 27, 2023 8:11am
Quoting DexterzxD
{quote} i was thinking about that add on but now you confirmed my thoughts i will do next time if conditions are good. thank you
I edited my post above. In any case we need to be trying to ADD while the market moves in our direction.
  • #16,244
  • Feb 27, 2023 8:12am Feb 27, 2023 8:12am
Quoting bistolis
{quote} Thanks for your advice. 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 {image} {image}I don't know if this counts a sore thumb trade. It seemed pretty ok to me. The risk was around 15pips
for me it was a good trade after that blue line, even it was a breakout or a retest and i like how price was near strat shadow on all timeframes
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  • #16,245
  • Feb 27, 2023 8:24am Feb 27, 2023 8:24am
Quoting DexterzxD
{quote} for me it was a good trade after that blue line, even it was a breakout or a retest and i like how price was near strat shadow on all timeframes {image}
That's the whole point of how I like to trade. Waiting for these kinds of pullbacks to minimize risk and go with the H1 M15 trend. It was a LOOOONG period of sideways I had to wait out and it paid off
  • #16,246
  • Feb 27, 2023 10:35am Feb 27, 2023 10:35am
Dow Trades today.

2 losses and now a Win
Also had 1 Loss in Dax earlier today

Overall +2R
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https://twitter.com/BeauBuyer
  • #16,247
  • Feb 27, 2023 1:17pm Feb 27, 2023 1:17pm
M2 EURO

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Smooth and regular PA today making up for last week's crappy PA
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,248
  • Edited 4:08pm Feb 27, 2023 2:29pm | Edited 4:08pm
Quoting bistolis
{quote} Notice that green candle going against the shadow but the next candle is not closing higher. (marked with a red V). You can add after that.{image} PS : Or minutes later when price breaks down from the lows of that consolidation (support). Like strat was showing in recent posts
Move to the last session LOW and towards the last session close
Once the trend on M1 has been indicated and confirmed a good run down, PB to fib RET and move down again from the round numbers
Well done bistolis!!!
Attached Image (click to enlarge)
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this M30 chart just to illustrate the gaps
On M1 the PA has been well confirmed by bar formation and D Pivots with mid points together with EMAs have also been useful during the NYSE session
Make sure losses are small and profits are bigger!
  • #16,249
  • Feb 28, 2023 2:06am Feb 28, 2023 2:06am
Quoting 2be
{quote} Move to the last session LOW and towards the last session close Once the trend on M1 has been indicated and confirmed a good run down, PB to fib RET and move down again from the round numbers Well done bistolis!!! {image} this M30 chart just to illustrate the gaps On M1 the PA has been well confirmed by bar formation and D Pivots with mid points together with EMAs have also been useful during the NYSE session
How do you define the gap?
  • #16,250
  • Feb 28, 2023 4:48am Feb 28, 2023 4:48am
Today DAX on the 1min

+ 1:4 RR
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https://twitter.com/BeauBuyer
  • #16,251
  • Feb 28, 2023 6:12am Feb 28, 2023 6:12am
Quoting ixam23
Today DAX on the 1min + 1:4 RR {image}
very choppy though
DOW was much easier, and still going
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  • #16,252
  • Feb 28, 2023 6:24am Feb 28, 2023 6:24am
Quoting bistolis
{quote} How do you define the gap?
Hi bistolis,
Gaps - different types of gaps - abbreviations
PSCG - Previous Session Close Gap - is a gap created by the difference between the Previous session close and the open of the immediately following new or current session. This Gap has different ways to be utilised, and it depends also on the traded instrument/security.
PSCGs are very useful for trading indices, and for me its utility is often limited to the session that immediately follows that close, although if that gap is not closed I keep an eye on that.
ISG - Intra Session Gap - Gap between the different sessions what it has been
https://www.forexfactory.com/thread/...hedging?page=6 post 114
DPG - Gap to the DP, when the DP is missed
https://www.forexfactory.com/thread/...ow-with-missed?

Other gaps- Intra Day Gap and Intra Week Gap - These gaps are also flagged by PSCG and/or ISG
Please note that intra day, intra week or indeed any gap that exists between the closing and opening bar on any TF, where there is a gap created by PA is a formidable display of market activity, and as such demands attention and purposeful action/response well prepared in advance.

The above is copied from my journal's first page, the only page that can be continually edited, allowing for more updates.
Do not want to clatter this tread too much, PA and the bar formation is most important and one can trade just using it, or having some other insights in the background, always giving priority to PA.
Time allowing I will post some more, though trying to limit my posting activity, however I will always try to do my best.
Make sure losses are small and profits are bigger!
  • #16,253
  • Feb 28, 2023 7:11am Feb 28, 2023 7:11am
Quoting bistolis
{quote} very choppy though DOW was much easier, and still going {image}
Yes that's true - it did really test my patience in the first hours... I usually trade DOW only in the US market hours - but should check before that as well it seems

Had another one later, which i just exited...I let it run while I went for lunch - just closed for 1:7RR
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https://twitter.com/BeauBuyer
  • #16,254
  • Feb 28, 2023 7:28am Feb 28, 2023 7:28am
Quoting ixam23
{quote} Yes that's true - it did really test my patience in the first hours... I usually trade DOW only in the US market hours - but should check before that as well it seems Had another one later, which i just exited...I let it run while I went for lunch - just closed for 1:7RR {image}
Nicely done
  • #16,255
  • Feb 28, 2023 9:23am Feb 28, 2023 9:23am
Not so sure if there is much room still to the downside
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  • #16,256
  • Feb 28, 2023 11:46am Feb 28, 2023 11:46am
M2 EURO

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W1 EURO

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Smooth and regular PA again today
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,257
  • Feb 28, 2023 2:29pm Feb 28, 2023 2:29pm
Quoting DexterzxD
UC M1 half of position closed for 2R and the rest was a free trade and i just moved SL above every swing high until the structure has changed and i closed manually, when i have a free trade like this, my fear and greed disappear and i can take more rational decisions. {image}
Good job - more please!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,258
  • Feb 28, 2023 2:32pm Feb 28, 2023 2:32pm
Quoting bistolis
{quote} Thanks for your advice. 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 {image} {image}I don't know if this counts a sore thumb trade. It seemed pretty ok to me. The risk was around 15pips
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

Yes, always the best way to learn

I don't know if this counts a sore thumb trade. It seemed pretty ok to me. The risk was around 15pips

It would have been had it CLOSED above consolidation
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,259
  • Feb 28, 2023 2:34pm Feb 28, 2023 2:34pm
Quoting bistolis
{quote} Notice that green candle going against the shadow but the next candle is not closing higher. (marked with a red V). You can add after that.{image} PS : Or minutes later when price breaks down from the lows of that consolidation (support). Like strat was showing in recent posts
Notice that green candle going against the shadow but the next candle is not closing higher. (marked with a red V). You can add after that.

Good lad, bistolis!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,260
  • Feb 28, 2023 2:37pm Feb 28, 2023 2:37pm
Quoting DexterzxD
{quote} for me it was a good trade after that blue line, even it was a breakout or a retest and i like how price was near strat shadow on all timeframes {image}
for me it was a good trade after that blue line, it was a breakout or a retest and I like how PRICE was near strat shadow on all time frames

Yeah baby! Well done Dexter!
15 YEARS OF PASR ON FOREX FACTORY!
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