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Strat's PASR Long Term, Stress Free Trading

  • #16,381
  • Mar 9, 2023 4:23pm Mar 9, 2023 4:23pm
Quoting Strat
Dexter and Mdjq8792: Both of you are handling draw down way better than I can so a few questions: What is your risk %? How many contracts traded per position? What is your initial SL? What is your running draw down in points and %? What is your maximum draw down to exit/close a trade? What is the value in $ of a point on the Euro with your broker? Mine is $1.25 per point. Please mark up on your past and future charts Globex Open at 5:30am NY time. Thank you
What is your risk %?
Before today I was trading the lowest possible lot size my broker offers (0.01). Today I risked 0.5% of my capital per trade.

How many contracts traded per position?
That depends on the size of my stop loss.

What is your initial SL?
I set the stop loss order above the last high/lower high or below the last low/higher low.

What is your running draw down in points and %?
I rarely let price hit my SL and usually cut my losses beforehand. The SL is a sefety net in the event of an impulsive move.

What is your maximum draw down to exit/close a trade?
I set the rule to never risk more than 0.5% of my capital in a single trade or loose more than 2%/day since trading the M1 usually gives plenty of opportunities.

What is the value in $ of a point on the Euro with your broker?
Not sure what you mean by point but here are the values in $ per pip depending on the lot size:
Micro Lot (0.01) = $ 0.1 per pip
Mini Lot (0.1) = $ 1 per pip
Lot (1) = $ 10 per pip

Even if you didn' ask about it here are the commission my broker charges:
Micro Lot (0.01) = $ 0.07
Mini Lot (0.1) = $ 0.7
Lot (1) = $ 7

I'll mark the Globex open in the future and am already curious to see what patterns I can find.

Greetings
  • #16,382
  • Mar 10, 2023 3:07am Mar 10, 2023 3:07am
Quoting Strat
Dexter and Mdjq8792: Both of you are handling draw down way better than I can so a few questions: What is your risk %? How many contracts traded per position? What is your initial SL? What is your running draw down in points and %? What is your maximum draw down to exit/close a trade? What is the value in $ of a point on the Euro with your broker? Mine is $1.25 per point. Please mark up on your past and future charts Globex Open at 5:30am NY time. Thank you
What is your risk % : 0.25% per trade
How many contracts traded per position?: between 5-15 contracts depends on how many pips i have on SL
What is your initial SL?: above/below setup candle or swing high/low
What is your running draw down in points and %? : if a reversal occurs(reverse pasr), i exit or if the next candle(s) closes above/below 50% of the setup because i want to cut my losses
What is your maximum draw down to exit/close a trade?: 0.12 % from my initial 0.25%
What is the value in $ of a point on the Euro with your broker?: i dont know how to calculate, if somebody can help me, i have something in my mind but i might be wrong
  • #16,383
  • Mar 10, 2023 3:23am Mar 10, 2023 3:23am
as we were talking about reversals, probably after seeing the candle with the arrow (even if it is doji), i would have exited for my own safety, but i don't always do it, I need to gain more experience and confidence to re-enter the trade if the conditions are still valid
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  • #16,384
  • Mar 10, 2023 3:54am Mar 10, 2023 3:54am
Quoting DexterzxD
as we were talking about reversals, probably after seeing the candle with the arrow (even if it is doji), i would have exited for my own safety, but i don't always do it, I need to gain more experience and confidence to re-enter the trade if the conditions are still valid {image}
Is this hypothetical? If yes, I would have exited after the first red candle rejecting 136.7 level and would've gotten back in after the hammer at the 20 EMA. The doji has no meaning in the PASR method.

Happy trading day and green pips to all.
  • #16,385
  • Mar 10, 2023 4:02am Mar 10, 2023 4:02am
Quoting Strat
{quote} To CONFIRM a Swing High the LOW of the HIGHEST Candle has to be broken by a candle close and vicky verka for A Swing Low. Be very careful though on short time frames and volatile instruments I'm not 100% sure Why, what is the uncertainty?
The uncertainty is that the info you provide defines Swing Highs and Lows but not what to do with this info. Since this is your method I need confirmation about my understanding of how to use a confirmed Swing High/Low which is the following:

Trading the M1 I look at M5/M15 & H1 to confirm if the signals I get on the M1 chart can be confirmed. E.g. If I see a confirmed Swing High on the M5 or M15 it tells me to look for shorts, especially if that Swing High has occurred within a bigger H1 structure which is bearish.

Best wishes
  • #16,386
  • Mar 10, 2023 4:07am Mar 10, 2023 4:07am
Quoting DexterzxD
{quote} What is your risk % : 0.25% per trade How many contracts traded per position?: between 5-15 contracts depends on how many pips i have on SL What is your initial SL?: above/below setup candle or swing high/low What is your running draw down in points and %? : if a reversal occurs(reverse pasr), i exit or if the next candle(s) closes above/below 50% of the setup because i want to cut my losses What is your maximum draw down to exit/close a trade?: 0.12 % from my initial 0.25% What is the value in $ of a point on the Euro with your broker?:...
i dont know how to calculate, if somebody can help me, i have something in my mind but i might be wrong.

What I did was to take a trade with smallest possible lot size, look at the commission my broker charges and how much price has to move in my direction for me to break even. With that info I calculated the Profit per Pip depending on Lot size.
  • #16,387
  • Mar 10, 2023 4:10am Mar 10, 2023 4:10am
Quoting Mdjq8792
{quote} Is this hypothetical? If yes, I would have exited after the first red candle rejecting 136.7 level and would've gotten back in after the hammer at the 20 EMA. The doji has no meaning in the PASR method. Happy trading day and green pips to all.
yes,its just hypothetical, i forgot to say that trade began with the previous hammer( 2 candles back from arrow)
  • #16,388
  • Edited 4:48am Mar 10, 2023 4:20am | Edited 4:48am
Quoting DexterzxD
{quote} yes,its just hypothetical, i forgot to say that trade began with the previous hammer( 2 candles back from arrow)
I still would've stayed in the trade because dojis don't have meaning in the PASR method.

EDIT: After taking a peek at USDJPY on the M1 chart, however, I would've exited right where you took the screenshot because 165.7171 is a SR level.
  • #16,389
  • Mar 10, 2023 5:31am Mar 10, 2023 5:31am
EURUSD M1

Got caught up in some ZigZag with wins and losses and an overall draw down of 0.4% for the day.
Stepping away from the charts for now and maybe wait until after news.
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  • #16,390
  • Mar 10, 2023 5:46am Mar 10, 2023 5:46am
Quoting Mdjq8792
EURUSD M1 Got caught up in some ZigZag with wins and losses and an overall draw down of 0.4% for the day. Stepping away from the charts for now and maybe wait until after news. {image}
some are not reasonable entries
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keep an eye on the big picture for m1
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  • #16,391
  • Mar 10, 2023 5:50am Mar 10, 2023 5:50am
Quoting DexterzxD
as we were talking about reversals, probably after seeing the candle with the arrow (even if it is doji), i would have exited for my own safety, but i don't always do it, I need to gain more experience and confidence to re-enter the trade if the conditions are still valid {image}
tough to trade this. although the strat shadow is supporting the move. for me reasonable is to pick spot as low as possible for longs only. and usually there is some kind of resistance for price to move like this. or just in anticipation of NFP
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or maybe
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  • #16,392
  • Mar 10, 2023 5:54am Mar 10, 2023 5:54am
Don't trade M1 in a vacuum. The trade needs to fit a bigger picture. Some good reason to go long or short ALWAYS. Otherwise you are just chasing after price (done that too many times)
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  • #16,393
  • Mar 10, 2023 7:04am Mar 10, 2023 7:04am
Quoting bistolis
{quote} some are not reasonable entries {image} keep an eye on the big picture for m1 {image}
You're right, thanks for the reminder! Genuinely appreciate it!
Price basically has been ranging since Asian open and I seem to have a hard time trading such conditions.
I think beacause I'm expecting a breakout. Any tips?

I'll keep a better eye on the bigger picture!

EDIT: What other EMA do you have on your chart? I assume 100 & 200? And the thin dashed line close to price?
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  • #16,394
  • Mar 10, 2023 7:51am Mar 10, 2023 7:51am
EURUSD H1

Isn't this H1 candle at my daily support the homework https://www.forexfactory.com/thread/...0#post14346980 we got from Strat over the weekend?
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  • #16,395
  • Mar 10, 2023 7:58am Mar 10, 2023 7:58am
Quoting Mdjq8792
{quote} You're right, thanks for the reminder! Genuinely appreciate it! Price basically has been ranging since Asian open and I seem to have a hard time trading such conditions. I think beacause I'm expecting a breakout. Any tips? I'll keep a better eye on the bigger picture! EDIT: What other EMA do you have on your chart? I assume 100 & 200? And the thin dashed line close to price? {image}
i have no tips . I am terrible in ranging markets so far
  • #16,396
  • Mar 10, 2023 1:29pm Mar 10, 2023 1:29pm
M5 EURO

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H1 is March expiring contract so will roll over to June at the week end.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,397
  • Mar 11, 2023 4:28am Mar 11, 2023 4:28am
Hello, Mr. Strat. Thank you for this thread, it is very helpful. My strategy is different, but have got many similar with PASR. I'm trading DAX M2 timeframe and interested in as lowest spread and comissions as possible.
I want to ask You - where are You trading - GLOBEX? Futures? Is it metatrader platform? What are comissions? Can You share more info? Thanks
  • #16,398
  • Mar 11, 2023 8:40am Mar 11, 2023 8:40am
Dexter and Mdjq6792 - thank you for your input
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,399
  • Mar 11, 2023 8:43am Mar 11, 2023 8:43am
Quoting Mdjq8792
{quote} Is this hypothetical? If yes, I would have exited after the first red candle rejecting 136.7 level and would've gotten back in after the hammer at the 20 EMA. The doji has no meaning in the PASR method. Happy trading day and green pips to all.
The doji has no meaning in the PASR method

Not directly but, indirectly it provides us information to help us
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,400
  • Mar 11, 2023 8:47am Mar 11, 2023 8:47am
Quoting bistolis
{quote} tough to trade this. although the strat shadow is supporting the move. for me reasonable is to pick spot as low as possible for longs only. and usually there is some kind of resistance for price to move like this. or just in anticipation of NFP {image} or maybe {image}
When I see this upping and downing with long wicks and tails, I close my charts and read the news and football - there are always better opportunities later.
15 YEARS OF PASR ON FOREX FACTORY!
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