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Strat's PASR Long Term, Stress Free Trading

  • #16,261
  • Feb 28, 2023 2:41pm Feb 28, 2023 2:41pm
Quoting bistolis
{quote} 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
It was a LOOOONG period of sideways I had to wait out and it paid off

To repeat the phrase I coined all those years ago - "it's better to be out of a trade wishing you were in than being in a trade wishing you were out". Again, don't think of it as a wasted opportunity but rather as saving money!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,262
  • Feb 28, 2023 3:00pm Feb 28, 2023 3:00pm
Quoting ixam23
Dow Trades today. 2 losses and now a Win Also had 1 Loss in Dax earlier today Overall +2R {image}
Your two blue buy arrows

WHY? You traded AGAINST a SHOOTING STAR and the Strat Shadow and PRICE structure!

Also your sell traded into consolidation - see the yellow rectangle - always WAIT for a CLOSE outside of consolidation

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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,263
  • Feb 28, 2023 3:01pm Feb 28, 2023 3:01pm
Quoting ixam23
Today DAX on the 1min + 1:4 RR {image}
Much better!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,264
  • Feb 28, 2023 3:03pm Feb 28, 2023 3:03pm
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}
I let it run while I went for lunch

I hope you had a SL in place!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,265
  • Feb 28, 2023 3:04pm Feb 28, 2023 3:04pm
Quoting bistolis
Not so sure if there is much room still to the downside {image}
Not so sure if there is much room still to the downside

WHY?

Remember Dr. Joe?
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,266
  • Edited 3:17am Mar 1, 2023 3:04am | Edited 3:17am
EURUSD gave me enough for today, these 2 hours and a half was easy and stressful in the same time but after i made my RR 1:2 and closed half of position, my mind took a break, not gonna lie but last trade made me nervous, i dont know why, but i saw as a S to R trade.
and one loss
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  • #16,267
  • Mar 1, 2023 4:16am Mar 1, 2023 4:16am
Quoting Strat
{quote} Not so sure if there is much room still to the downside WHY? Remember Dr. Joe?
Always on my mind. Not so easy to implement
  • #16,268
  • Mar 1, 2023 4:17am Mar 1, 2023 4:17am
Quoting Strat
{quote} Your two blue buy arrows WHY? You traded AGAINST a SHOOTING STAR and the Strat Shadow and PRICE structure! Also your sell traded into consolidation - see the yellow rectangle - always WAIT for a CLOSE outside of consolidation {image}
Thank you for your input.
Yes indeed, those 2 Buy trades were a fail. I could not get an entry until then, so I my emotions took over I guess... really need to work on that.

Quoting Strat
{quote} I let it run while I went for lunch - I hope you had a SL in place!
Yes - I always trade with SL, as things can get ugly on the 1min otherwise
https://twitter.com/BeauBuyer
  • #16,269
  • Mar 1, 2023 4:19am Mar 1, 2023 4:19am
Quoting DexterzxD
EURUSD gave me enough for today, these 2 hours and a half was easy and stressful in the same time but after i made my RR 1:2 and closed half of position, my mind took a break, not gonna lie but last trade made me nervous, i dont know why, but i saw as a S to R trade. and one loss {image} {image}
It is never going to be easy, maybe you get used to feel uncomfortable. And trading inside a range is not that easy as well. At least your stops seem to be very small
  • #16,270
  • Mar 1, 2023 4:19am Mar 1, 2023 4:19am
Today Dax 1min:

Trade was 1:3 RR

Will stay on sideways now as price doesn't really show direction
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https://twitter.com/BeauBuyer
  • #16,271
  • Mar 1, 2023 7:21am Mar 1, 2023 7:21am
Havent started yet trading for the month. Here is a paper trade for now
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breaking through previous low of M5 , M15
  • #16,272
  • Mar 1, 2023 7:29am Mar 1, 2023 7:29am
Quoting Strat
{quote} Not so sure if there is much room still to the downside WHY? Remember Dr. Joe?
I wasnt on the charts late NY session yesterday, but I would pick up again the shorts at around 14:00-14:15 NY time
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The consolidation starting with a bullish candle going against the shadow but not closing higher on the next candles
  • #16,273
  • Mar 1, 2023 7:34am Mar 1, 2023 7:34am
Quoting bistolis
Havent started yet trading for the month. Here is a paper trade for now {image} breaking through previous low of M5 , M15
Time to put the SL closer and wait for PA if I should close

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And while I am typing this I guess we stick with this for a little while longer

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  • #16,274
  • Mar 1, 2023 7:38am Mar 1, 2023 7:38am
out for 90p . and now we wait for NY open
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PS: I was thinking of jumping back in right after I closed. I guess that shooting star is a good point to add to the trade
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  • #16,275
  • Mar 1, 2023 7:50am Mar 1, 2023 7:50am
EU 1M

Live trades with minimal lot size to gain confidence. Was a good day.
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  • #16,276
  • Mar 1, 2023 10:12am Mar 1, 2023 10:12am
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  • #16,277
  • Mar 1, 2023 11:29am Mar 1, 2023 11:29am
M1 EURO

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It had to happen - 2 days of smooth, regular PA didn't last and we go into lumpy, irregular PA!

Then I took a look at M1 DOW and realised I was riding the wrong horse - this is easier and more stress free than the M1 EURO so I will check into my statistics to see how I have to change my Money Management to produce the same profits as I get on M1 EURO.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,278
  • Mar 1, 2023 11:41am Mar 1, 2023 11:41am
Quoting ixam23
Today Dax 1min: Trade was 1:3 RR Will stay on sideways now as price doesn't really show direction {image}
Will stay on sidelines now as price doesn't really show direction

You got this right but don't you SEE the Strat Shadow indicating and confirming this?

See my comments on your chart on your buy trade

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Thanks and keep posting
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,279
  • Mar 1, 2023 11:44am Mar 1, 2023 11:44am
Quoting bistolis
Havent started yet trading for the month. Here is a paper trade for now {image} breaking through previous low of M5 , M15
breaking through previous low of M5 , M15

Way to go bistolis!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,280
  • Mar 1, 2023 11:46am Mar 1, 2023 11:46am
Quoting bistolis
{quote} I wasnt on the charts late NY session yesterday, but I would pick up again the shorts at around 14:00-14:15 NY time {image} The consolidation starting with a bullish candle going against the shadow but not closing higher on the next candles
For others reading this, note how the Strat Shadow held PRICE down by acting as strong resistance

Thanks bistolis
15 YEARS OF PASR ON FOREX FACTORY!
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