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Strat's PASR Long Term, Stress Free Trading

  • #16,281
  • Mar 1, 2023 11:48am Mar 1, 2023 11:48am
Quoting bistolis
{quote} Time to put the SL closer and wait for PA if I should close {image} And while I am typing this I guess we stick with this for a little while longer {image}
Here is a paper trade for now

If only it was real $money!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,282
  • Mar 1, 2023 11:51am Mar 1, 2023 11:51am
Quoting Mdjq8792
EU 1M Live trades with minimal lot size to gain confidence. Was a good day. {image}
I wondered if you would show up again after asking questions

EU 1M Live trades with minimal lot size to gain confidence

Yes, way better then demo and paper trading - good job!

How were your emotions and stress levels doing this?

More of the same please
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,283
  • Mar 1, 2023 12:04pm Mar 1, 2023 12:04pm
It's that time of the year again - another year of PASR on the FF calendar!

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"Old", original thread -https://www.forexfactory.com/showthread.php?t=155459
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,284
  • Mar 1, 2023 1:29pm Mar 1, 2023 1:29pm
Quoting Strat
It's that time of the year again - another year of PASR on the FF calendar! {image} "Old", original thread -https://www.forexfactory.com/showthread.php?t=155459
Happy birthdayyyyyy!!!!!
  • #16,285
  • Mar 1, 2023 2:04pm Mar 1, 2023 2:04pm
Quoting Strat
{quote} I wondered if you would show up again after asking questions EU 1M Live trades with minimal lot size to gain confidence Yes, way better then demo and paper trading - good job! How were your emotions and stress levels doing this? More of the same please
I kept following along and since I had the answers I needed I took a week to go over historical EU charts before starting to live trade this week and share again.

Using the smallest lot size my broker offers my stress level was almost zero because no matter the risk I sticked to that lot size to train my muscle memory in recognizing entries/exits. Looking back on today's trades I could've traded bigger lots risking 0.5%/1% per trade, however, I have written your Mantra down and I was more comfortable with the minimal risk and ignored the potential bigger profits.

Whatever lot size gives me the mental peace to execute my trades as planned is the right one.
  • #16,286
  • Mar 1, 2023 4:25pm Mar 1, 2023 4:25pm
Quoting Strat
{quote} 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 {image} Thanks and keep posting
Hello Strat,

Thanks for your comment.

I didn't take a BUY trade here.
It was just a SELL 15449, then I added to this sell and the BUY is just the close of the sell trade.

These arrows are added automatically to the chart when I trade, maybe I will deactivate this and add my entries/exits manually, so it get more clear what is an entry and what an exit.

Thanks for your input!
https://twitter.com/BeauBuyer
  • #16,287
  • Mar 1, 2023 8:31pm Mar 1, 2023 8:31pm
Wander through thread from thread for a long time(but I considered myself newbie as I never achieve any trading goals ) now I decide to post my trades I took this week. This is the week is the change for me. I solely trade Dow after I was so confused that Forex got so many pairs and I can't even focus.

1st trade(SHORT) I took as price close above previous high and then enter consolidation zone then I closed it when volume come in it broke and go higher ... should've wait
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2nd trade(SHORT) I took as M5 price close below shadow and M1 PA is good but I closed too early(1:2.5 R:R)
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The third day
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(ALL SHORT)
on 5th trade I enter just inside the supply zone
I did put a trail stop but I thought it broke support and will continue downward with a little retracement as it occured in previous day but it did not.
The grave mistake was I move my trail stop UP as the price up and I think it will reverse at the supply zone so I move it SL to original price

.

On the bright side, 3 losing trades almost nullify 1 winning trade is okay for me.But there is room for improvement on entries and exits
These are all live trades, the GREED and FEAR are real, the emotion is pretty far different from demo
  • #16,288
  • Mar 2, 2023 3:00am Mar 2, 2023 3:00am
Hi Strat,

Have been a "lurker" for months, and now I really want to be a part of your thread. I still reading and practicing from both threads, and I truly appreciate when seeing you're still here to teach PASR, helping people who really want to be consistently profitable in trading, for 14 years. It's really special and I think not many people can do this. Thanks for all you gave, Strat.

I want to say hello to everybody here, I hope I can learn from you in PASR too.

Sorry for my bad English, I just want to say something in these special day of PASR and Strat.

Bach.
  • #16,289
  • Mar 2, 2023 3:09am Mar 2, 2023 3:09am
Quoting Yule
Wander through thread from thread for a long time(but I considered myself newbie as I never achieve any trading goals ) now I decide to post my trades I took this week. This is the week is the change for me. I solely trade Dow after I was so confused that Forex got so many pairs and I can't even focus. 1st trade(SHORT) I took as price close above previous high and then enter consolidation zone then I closed it when volume come in it broke and go higher ... should've wait {image} 2nd trade(SHORT) I took as M5 price close...
That is pretty good. Your trades yesterday where at the wrong spots (selling at support) and the 5th trade way too greedy. How can you possibly let a 200pip trade be a loser. At the worst case just cut it before it reaches your entry price and take some peanuts. Dow has an average range of 400 the last 10 days, and you let 200 out of that slip through your fingers
  • #16,290
  • Mar 2, 2023 3:11am Mar 2, 2023 3:11am
Quoting Yule
Wander through thread from thread for a long time(but I considered myself newbie as I never achieve any trading goals ) now I decide to post my trades I took this week. This is the week is the change for me. I solely trade Dow after I was so confused that Forex got so many pairs and I can't even focus. 1st trade(SHORT) I took as price close above previous high and then enter consolidation zone then I closed it when volume come in it broke and go higher ... should've wait {image} 2nd trade(SHORT) I took as M5 price close...
That is pretty good. Your trades yesterday where at the wrong spots (selling at support) and the 5th trade way too greedy. How can you possibly let a 200pip trade be a loser? At the worst case just cut it before it reaches your entry price and take some peanuts. Dow has an average range of 400 the last 10 days, and you let 200 out of that slip through your fingers

I posted this yesterday
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Overall I think you did good. Keep posting. Not many people post and I don't know why. It helps getting your trading mind in order when you are honest with yourself and post what how you trade for all the world to read.
  • #16,291
  • Mar 2, 2023 3:19am Mar 2, 2023 3:19am
Funny things. I have no idea how the last post got posted twice when I tried to edit
  • #16,292
  • Mar 2, 2023 5:39am Mar 2, 2023 5:39am
Quoting bistolis
{quote} That is pretty good. Your trades yesterday where at the wrong spots (selling at support) and the 5th trade way too greedy. How can you possibly let a 200pip trade be a loser? At the worst case just cut it before it reaches your entry price and take some peanuts. Dow has an average range of 400 the last 10 days, and you let 200 out of that slip through your fingers I posted this yesterday{image} Overall I think you did good. Keep posting. Not many people post and I don't know why. It helps getting your trading mind in order when you...
Thank you bistolis

That's the lesson learned for me to not giving away my profit, stay calm and be systematic in putting trail stop.
  • #16,293
  • Mar 2, 2023 5:48am Mar 2, 2023 5:48am
Previous low is the new low + spotting a M15 supply zone + price reach MA
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Enter on M1 with little risk. After that price manage to break triangle but unfortunately got reject when reach demand zone and hit trail SL.

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  • #16,294
  • Mar 2, 2023 7:43am Mar 2, 2023 7:43am
Quoting Yule
Previous low is the new low + spotting a M15 supply zone + price reach MA {image} Enter on M1 with little risk. After that price manage to break triangle but unfortunately got reject when reach demand zone and hit trail SL. {image}
There is no point hoping for this to turn back down after 7 candles closing higher than the lows
Just close it at the previous lows. unless price really slices through the support and goes lower on good bearish candles
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The entry is great, the exit is bad. Profit is profit, at least you didnt let this one turn into a loser
  • #16,295
  • Mar 2, 2023 7:50am Mar 2, 2023 7:50am
That tiny bit of support shows you that there is more going on at that price range
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although the futures are slightly different
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support/resistance though works well on any chart
  • #16,296
  • Mar 2, 2023 10:21am Mar 2, 2023 10:21am
Quoting bistolis
{quote} There is no point hoping for this to turn back down after 7 candles closing higher than the lows Just close it at the previous lows. unless price really slices through the support and goes lower on good bearish candles{image} The entry is great, the exit is bad. Profit is profit, at least you didnt let this one turn into a loser
Thank you kindly for pointing out, Bistolis

Looks like today is not my day. The direction bias is shifted but I'm still selling into support so it's 3 tiny losses in a row for me. I will call it a day, write down mistakes and go enjoy something else.
  • #16,297
  • Mar 2, 2023 11:30am Mar 2, 2023 11:30am
Quoting Yule
{quote} Thank you kindly for pointing out, Bistolis Looks like today is not my day. The direction bias is shifted but I'm still selling into support so it's 3 tiny losses in a row for me. I will call it a day, write down mistakes and go enjoy something else.
Good idea. I did plenty of mistakes last month. Today I didnt take any trades. I am just watching the charts.
  • #16,298
  • Mar 2, 2023 12:39pm Mar 2, 2023 12:39pm
DOW has had good PA setups during the NYSE session so far.
Below some trades within the first 3 hrs of the NYSE session
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Make sure losses are small and profits are bigger!
  • #16,299
  • Mar 2, 2023 12:50pm Mar 2, 2023 12:50pm
M1 EURO

I started out on M2 and switched to M1 as today's PA was slow, sluggish yet mostly regular due to very low volume and volatility.

Sellers were defending the Open while the buyers defended SR and Fibonacci levels. The Sellers eventually caved in and PRICE closed above the Open and mid point Fibonacci levels but only with a small follow through. PRICE then closed below the Open and then again with a re-test signalling PRICE has kicked into the prevailing downtrend. With PRICE so weak on low volume and volatility, it was just a case of selling the highs. My last trade was a small 5 point loser in true Dr. Joe style! This is my time to shut up shop.

Today's PA was one where the majority of traders would either shut up shop or lose their ass trying to trade fly shit in a pepper pot but for me it is a challenge to test my PASR and chart reading skills. I actually like these days because the candles are small and not "jerky" meaning the SL is small so if you get it wrong, there is little damage done. I encourage those trying to learn and understand PASR and PASR trading to do the same instead of walking away; I would call it Low Volume Boot Camp.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,300
  • Edited 1:23pm Mar 2, 2023 1:11pm | Edited 1:23pm
Quoting Yule
Wander through thread from thread for a long time(but I considered myself newbie as I never achieve any trading goals ) now I decide to post my trades I took this week. This is the week is the change for me. I solely trade Dow after I was so confused that Forex got so many pairs and I can't even focus. 1st trade(SHORT) I took as price close above previous high and then enter consolidation zone then I closed it when volume come in it broke and go higher ... should've wait {image} 2nd trade(SHORT) I took as M5 price close...
Welcome and thank you for joining us BUT how long will it last? Your history shows you are still searching for your "style" (Holy Grail - look in the mirror to find it) and you seem to be influenced by other's views. My advice is to stick with PASR of course, as long as you accept, like everything else, it is not perfect and there will be losers.

I solely trade Dow after I was so confused that Forex got so many pairs and I can't even focus.

That is why I switched back to Futures - bistolis is your PASR man for the Dow as I only trade the EURO so listen to and heed his valuable advice. I read every post (mainly on the week-end as I can't do it while I'm trading - my wheels don't go round as fast as they used to!) and I will add to bistolis's comments if I can add value.

The grave mistake was I move my trail stop UP as the price up and I think it will reverse at the supply zone so I move it SL to original price .

No, your "grave mistake" was "I think" - stop "thinking and only trade what you SEE on your chart.

These are all live trades, the GREED and FEAR are real, the emotion is pretty far different from demo

Welcome to YOUR Little People!

Good job Yule BUT make sure you read and UNDERSTAND and apply Strat's 5 Steps to becoming a consistently profitable trader from experience.

Good luck!
15 YEARS OF PASR ON FOREX FACTORY!
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