Strat's PASR Long Term, Stress Free Trading | Page 834 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MY PASR journey Based on Strat's PASR Trading 76 replies

M5 PASR Trend Trading Strat 95 replies

My PASR Trend Trading Journals 3 replies

A young trader's road to profitability - PASR trading - Live 11 replies

Fibs trading and PASR 0 replies

Attachments: Strat's PASR Long Term, Stress Free Trading
Exit Attachments

Strat's PASR Long Term, Stress Free Trading

  • #16,661
  • Apr 24, 2023 6:52am Apr 24, 2023 6:52am
Hello all, new to thread - haven't been on FF for almost 10 yrs, as it previously seemed full of shills and scammers, i.e. lots of complexity for complexity's sake, with devils hidden deep in the details. Wasted a decent amount of time here previously, assuming people were straight shooters and actually collaborative. Anyway, trading is a lonely sport, yes, sport LOL, and it's encouraging to see truth and what looks like real collaboration going on here.

I write and trade algos, as I was never consistently historically profitable trading manually / subjectively - and would like to remedy that. I trade futures almost exclusively, mainly: NQ, YM, CL, 6E. Here to learn and share.

Strat, are you trying to be in the market more than previous, or is it coincidental due to price action being what it is? I'm referring to your Euro entries/exits of late that seem to be more aggressive than just a few months back.

Secondly, are you open to trying some more NQ? The day you tried it a few weeks ago was a rare, beautiful day for PA in all TF's. Take a look at the 15 second candles... you could probably get a lot done in very little time.
  • #16,662
  • Apr 24, 2023 9:14am Apr 24, 2023 9:14am
Quoting Barbaresco
Hello all, new to thread - haven't been on FF for almost 10 yrs, as it previously seemed full of shills and scammers, i.e. lots of complexity for complexity's sake, with devils hidden deep in the details. Wasted a decent amount of time here previously, assuming people were straight shooters and actually collaborative. Anyway, trading is a lonely sport, yes, sport LOL, and it's encouraging to see truth and what looks like real collaboration going on here. I write and trade algos, as I was never consistently historically profitable trading manually...
Hello
If you are making money with algos, why would you want to change that ?
  • #16,663
  • Apr 24, 2023 9:18am Apr 24, 2023 9:18am
Quoting bistolis
{quote} Hello If you are making money with algos, why would you want to change that ?
No change, just additive - I'm old and bored, also really enjoy data, markets, and trading in general.
  • #16,664
  • Apr 24, 2023 9:40am Apr 24, 2023 9:40am
M1 EURO

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 18 KB


Attached Image (click to enlarge)
Click to Enlarge Name: b.png Size: 15 KB


PA, today, at the Hard Right Edge was horrible but, as usual, looked OK in hindsight.

Got sucked in to buying at the high on little to no volume and had to nurse PRICE through draw down to realise a few points profit which was made worse as I decided today to increase the number of contracts on my initial starting position.

In all honesty, I'm struggling with trying to identify when NY volume kicks in on Globex since, like Forex, it trades 24/6 with no central exchange "Open". My statistics show that volume kicks in anywhere between 8am, 8:30am, 9:00am and NYSE Open at 9:30am. This is all exacerbated due to retail futures brokers not accurately reporting volume. Although there was no news scheduled, volume and PRICE spiked at 8:49am and 8:53am New York time.

In hindsight, (a wonderful but not profitable thing), M5 would have been much easier (but less profitable) to trade.

Again, all this is making me investigate what I need to do to trade the Indices to make similar profits as I do on the Euro since they have a definitive Start and End time. I gave up early today as London nears their close

M5 EURO

Attached Image (click to enlarge)
Click to Enlarge Name: c.png Size: 12 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,665
  • Apr 24, 2023 10:27am Apr 24, 2023 10:27am
Quoting Mdjq8792
{quote} I'll gladly do an updated summary, as a wise man once said: Repitition is the father of learning. Maybe @bistolis can confirm my info is correct once I have something presentable. I suggest we do that via private messages to not clutter the chat and maybe cause confusion. Happy trading week and green pips to all.
as a wise man once said: Repetition is the father of learning.

I don't remember saying that! (just joking!)

I suggest we do that via private messages to not clutter the chat and maybe cause confusion.

Yes, outside of the thread and THANK YOU, and bistolis, again.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,666
  • Apr 24, 2023 10:32am Apr 24, 2023 10:32am
Quoting Max74Italy
{quote} 183 / 5.000 Risultati della traduzione Risultato di traduzione star_border Hi Strats, ok i will, in the meantime i sat now in front of the euro dollar graph and i did this analysis of pasr and swing and strat shadow. Can you tell me if it is correct? Thank you{image}
bistolis confirmed it is good (accurate).

TIP: Do not indicate any swings on your charts that are not confirmed (as you have done on M5 and M15) since it will trick and cause conflict in your trading mind.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,667
  • Apr 24, 2023 10:35am Apr 24, 2023 10:35am
Quoting bistolis
I was hoping for a break. {image} One minute later {image} I missed the whole move since London open and I got those peanut trades. Let's hope I do better later in NY session More peanuts {image}
Your peanut trades show your good understanding of PASR, bistolis, and many peanuts make brazil nuts!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,668
  • Apr 24, 2023 10:41am Apr 24, 2023 10:41am
Quoting Max74Italy
{quote} HI, I'm trying to learn, I'm still very far from the method in its entirety, also because there are thousands of posts to read, I'm just slowly trying to get an idea based on the summary I've read several times on the analysis that must be done BEFORE to make any entry. If this type of analysis that I have done is correct, the idea (mine) would be to wait on the 1 minute time frame for a return to the strat shadow (I don't like to enter when the price is too far from the averages 20 and 72) (or the line of pasr) for a pulback.
If this type of analysis that I have done is correct, the idea (mine) would be to wait on the 1 minute time frame for a return to the strat shadow (I don't like to enter when the price is too far from the averages 20 and 72) (or the line of pasr) for a pulback.

wait on the 1 minute time frame for a return to the strat shadow

I recommend to wait for M5 as M1 is sometimes "too irregular" (like today)

I don't like to enter when the price is too far from the averages 20 and 72) (or the line of pasr)

Yes, very good - this is the discipline you must follow to be consistently profitable.

bistolis has kindly told you what his "trigger" is
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,669
  • Edited 10:59am Apr 24, 2023 10:43am | Edited 10:59am
Quoting bistolis
{quote} This is what I do actually. pull backs to ema10 20 on m5 m15
9 ema is Strat Shadow strategy but if 10 ema puts $$ in your bank then no need to change. Thank you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,670
  • Apr 24, 2023 10:58am Apr 24, 2023 10:58am
Quoting Barbaresco
Hello all, new to thread - haven't been on FF for almost 10 yrs, as it previously seemed full of shills and scammers, i.e. lots of complexity for complexity's sake, with devils hidden deep in the details. Wasted a decent amount of time here previously, assuming people were straight shooters and actually collaborative. Anyway, trading is a lonely sport, yes, sport LOL, and it's encouraging to see truth and what looks like real collaboration going on here. I write and trade algos, as I was never consistently historically profitable trading manually...
Hello and welcome!

haven't been on FF for almost 10 yrs, as it previously seemed full of shills and scammers, i.e. lots of complexity for complexity's sake, with devils hidden deep in the details.

It is still the same only more so now

Wasted a decent amount of time here previously, assuming people were straight shooters and actually collaborative.

Most are ego maniacs wanting attention and self acclaimed gurus and "know it alls" even after a few weeks on FF. I don't check anything on FF except my thread, calendar and news.

Strat, are you trying to be in the market more than previous, or is it coincidental due to price action being what it is?

No, my weakness is tolerating draw down so I will get out and in again as dictated by PA if you understand what I mean.

seem to be more aggressive than just a few months back.

PA on M1 has become more irregular

are you open to trying some more NQ? The day you tried it a few weeks ago was a rare, beautiful day for PA in all TF's.

Yes and DOW, S&P 500 and RUSSELL 2000. Agree, that day was a nice trending day

Take a look at the 15 second candles...

That would probably do my head in! I struggle with tick charts.

Just a note - I rarely answer on here during my trading day as if I do, I lose focus. Sometimes I don't get to answer until the week-end especially when the Big Boss has a different agenda.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,671
  • Apr 24, 2023 11:01am Apr 24, 2023 11:01am
Quoting Barbaresco
{quote} No change, just additive - I'm old and bored, also really enjoy data, markets, and trading in general.
I detest black boxes and anything involving derivatives of PRICE and had the same question as bistolis.

I'm old and bored, also really enjoy data, markets, and trading in general.

Seems like you have the same addiction as me! How old is old?
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,672
  • Edited 1:14pm Apr 24, 2023 1:02pm | Edited 1:14pm
Thanks for the welcome!

Quoting Strat
{quote} No, my weakness is tolerating draw down so I will get out and in again as dictated by PA if you understand what I mean.
I don't think that's a weakness - probably the greatest strength to have as a manual trader, especially when looked at from a data perspective. IMHO RR is most important if subjectively trading, and if holding periods are intra-day or shorter, by definition, the SL must be tiny, especially given volatility these days...

My problem is the opposite, as all of my algos are expected return driven and run thousands of trades per day per instrument. Between '06 and '09 or so I would frequently have 100K trades per day in spot EUR/USD, until liquidity rebates dried up and message limits were instituted. Anyway, I run perpetual drawdown offset by rolling revenues - so I see drawdown as my "gas in the tank" for the iteration. This is an entirely different animal, of course, and I have to embrace trading real size from 1-3 entries max, and keep stops tight.

Quoting Strat
{quote}15 second candles... That would probably do my head in! I struggle with tick charts. Just a note - I rarely answer on here during my trading day as if I do, I lose focus. Sometimes I don't get to answer until the week-end especially when the Big Boss has a different agenda.
I've been watching NQ with 15 sec candles and std stratshadow settings, and it looks tradable basically every day, as opposed to M1 that is probably less than half the time. It seems to me that keeping a good count of the waves / understanding where the swings (large and small) are at, while also watching the wick formations for entry is key, and does require a lot of focus, to stay in the zen state with each instrument.

I'll try to join you guys with 6E, until I'm able to do the above, but ultimately NQ just moves a lot more, offering more opportunity, if I can get my arms around her without getting whipped to death first.

Re: later post Q - Perhaps I'm not that old, just feels that way when I rebuild carburetors over the weekend and no one knows what I'm talking about... or maybe just my impending mid-life crisis LOL, turned 49 last month.
  • #16,673
  • Apr 24, 2023 4:27pm Apr 24, 2023 4:27pm
Quoting Barbaresco
Thanks for the welcome! {quote} I don't think that's a weakness - probably the greatest strength to have as a manual trader, especially when looked at from a data perspective. IMHO RR is most important if subjectively trading, and if holding periods are intra-day or shorter, by definition, the SL must be tiny, especially given volatility these days... My problem is the opposite, as all of my algos are expected return driven and run thousands of trades per day per instrument. Between '06 and '09 or so I would frequently have 100K trades per day in...
Today's MNQ was a damn sight better/easier than the Euro but there again everything else probably was so tomorrow I will take MNQ out for another M1 Real, Live, Hard Edge test drive since there is CB Consumer Confidence at 7am my time.

Perhaps I'm not that old, just feels that way when I rebuild carburetors over the weekend and no one knows what I'm talking about

Another shared interest! My Dad was an apprentice trained motor mechanic so I had a spanner (wrench) in my hand as soon as I could hold it. While I was in University, I worked at the week end at a garage and worked on my Mini Cooper 1275 "S" which I raced in Rallys, Rally Cross, Auto Cross, Hill Climbs and Sprints etc. I gas flowed the cylinder head, replaced the camshaft with a high lift cam which was "dead" under 3,000 rpm, balanced the crankshaft, con rods, pistons etc and replaced the twin Stromberg carburettors with a big Weber carburettor which poked through the dashboard where the speedometer/Odometer used to be and sucked anything and everything flying about in the cockpit! Alas, it all came to an end when all the suspension broke in an Auto Cross and the Big Boss, who was my fiancee then, gave me an ultimatum - her or the car!

turned 49 last month

You are just a pup! I will hit 3/4 Century in June and I don't feel or think "old".
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,674
  • Edited 7:10pm Apr 24, 2023 6:20pm | Edited 7:10pm
^Awesome! I have a '62 F100 that's a hot rod... 383 with tunnel ram and dual quads, t56 6-speed, traction bars, etc. Hadn't driven it for about 6 mos and it ran like total crap when I fired her up. Rebuilt both carbs on Sat and she's purring again.

Ha! I'm sure I'll get my 2nd wind soon, then.

Re: trades - I wouldn't get too excited about NQ this week - gonna be a ton of whip - we have MSFT, GOOG tomorrow, then META Wed, then AAPL, AMZN Thu along with GDP. I mean, if you can ride that bucking bronco among all the slippage... there will be opportunity, but must be careful. Last couple of earnings have been downright nasty - 600-800 pts of slip on releases. During the session, expect supp and rez to be strong, with some good acceleration between and even overshooting, to sucker people in.
  • #16,675
  • Apr 25, 2023 12:55am Apr 25, 2023 12:55am
US30 M1
im trying indices these days, i like them more because there are no commissions
Attached Image (click to enlarge)
Click to Enlarge Name: Captură de ecran din 2023-04-25 la 10.41.00.png Size: 15 KB
  • #16,676
  • Apr 25, 2023 1:46am Apr 25, 2023 1:46am
Quoting DexterzxD
US30 M1 im trying indices these days, i like them more because there are no commissions {image}
That is why I switched to index CFD. no commission, good spread and big daily ranges. And the regular trading hours. All that forex 24/7 is just not for me.
  • #16,677
  • Apr 25, 2023 3:08am Apr 25, 2023 3:08am
Quoting bistolis
{quote} That is why I switched to index CFD. no commission, good spread and big daily ranges. And the regular trading hours. All that forex 24/7 is just not for me.

I've only trade forex so far and a quick google search revealed US30 trading hours to be 9.30 am to 4.30 pm EST, however, when I open up the US30 chart on my trading platfrom the market is open for trades so maybe I'm overlooking something here?
  • #16,678
  • Apr 25, 2023 3:36am Apr 25, 2023 3:36am
Quoting Mdjq8792
{quote} I've only trade forex so far and a quick google search revealed US30 trading hours to be 9.30 am to 4.30 pm EST, however, when I open up the US30 chart on my trading platfrom the market is open for trades so maybe I'm overlooking something here?
It sure is open 24hours but the big volumes are when New York opens for business. European session moves more like mirroring the DAX. Sometimes there are good moves but it all pales in comparison to the volatility of NY sessions. And volatility is our bread and butter
I chose DOW because of the daily range. Even now it is 250-300 ADR over the last couple of weeks
  • #16,679
  • Edited 6:43am Apr 25, 2023 6:32am | Edited 6:43am
bad start . I messed up the stop and I closed the trade prematurely
long at the dot and closed before NY open.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 45 KB


and I got a second chance when price came right back I bought at the shadow using tight stop
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 287 KB


I will wait for the news now
In case someone is wondering I would not close the first position when price came back with that big bearish candle. many times it is the usual volatility of the open. If it would take me out , then so be it
  • #16,680
  • Apr 25, 2023 7:04am Apr 25, 2023 7:04am
I would have preferred a big push right away but profit is profit
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 306 KB


I am not so sure about the below candle. It looks not that bad to enter but I didnt
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 48 KB

Maybe it would have been an impulsive buy order. In any case the result would have been 0
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 23 KB
2 traders viewing now