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Strat's PASR Long Term, Stress Free Trading

  • #16,681
  • Apr 25, 2023 9:10am Apr 25, 2023 9:10am
Big chop lately. Cant wait for some rally again
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Unfortunately I need to take some time off now. I will check later if some trend has emerged
  • #16,682
  • Apr 25, 2023 11:52am Apr 25, 2023 11:52am
PA leading up to NY Open on MNQ was horrible so went back to EURO instead.

M1 EURO

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Can it get any simpler than this Mr Einstein?

Just follow the Strat Shadow down to previous BRN 1.10

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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,683
  • Apr 25, 2023 3:58pm Apr 25, 2023 3:58pm
Doh! You said Nasdaq M1, so I did it, figured your golden halo would yield nice PA, and it did! This was a great day, have to put it in the 90%'ile. Wish all days were like this. Normally, I'd get whipped and have at least 3 if not 5 or more losses mixed in.

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  • #16,684
  • Apr 26, 2023 2:59am Apr 26, 2023 2:59am
I will have to get used to this volatility, its someting new for me
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  • #16,685
  • Apr 26, 2023 3:19am Apr 26, 2023 3:19am
Quoting DexterzxD
I will have to get used to this volatility, its someting new for me {image}
Morning sessions on the DOW are low volatility. It is just a lot more than on a forex pair
nice trade, well done

dont bother trading this before DAX open at 09:00
  • #16,686
  • Apr 26, 2023 3:24am Apr 26, 2023 3:24am
Quoting DexterzxD
I will have to get used to this volatility, its someting new for me {image}
they are quite similar . You could try the dax in the morning. It requires smaller stops
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  • #16,687
  • Apr 26, 2023 3:50am Apr 26, 2023 3:50am
Quoting bistolis
{quote} Morning sessions on the DOW are low volatility. It is just a lot more than on a forex pair nice trade, well done dont bother trading this before DAX open at 09:00
i missed this whole move, such a beauty
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  • #16,688
  • Apr 26, 2023 3:52am Apr 26, 2023 3:52am
Quoting bistolis
{quote} they are quite similar . You could try the dax in the morning. It requires smaller stops {image}
ger30 in the morning and us30 a few hours after london open?
  • #16,689
  • Apr 26, 2023 5:06am Apr 26, 2023 5:06am
Quoting DexterzxD
{quote} ger30 in the morning and us30 a few hours after london open?
I suggest to pick one instrument and focus on that one
  • #16,690
  • Apr 26, 2023 12:54pm Apr 26, 2023 12:54pm
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  • #16,691
  • Apr 26, 2023 1:01pm Apr 26, 2023 1:01pm
M1 EURO

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PA was erratic and jumpy before and after the news event and sucked me into making a costly mistake (yellow circle) so I started switching back and forth on M1, M2 and M5. PA smoothed out and became regular around 7am my time (10am NY) and made me question why I just don't trade M5. Volume and volatility seems to drop off around 10am my time (1pm NY) so maybe I'll end my trading day there everyday (that will make the Big Boss happy!)

M5 EURO

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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,692
  • Apr 26, 2023 1:05pm Apr 26, 2023 1:05pm
Quoting Barbaresco
Doh! You said Nasdaq M1, so I did it, figured your golden halo would yield nice PA, and it did! This was a great day, have to put it in the 90%'ile. Wish all days were like this. Normally, I'd get whipped and have at least 3 if not 5 or more losses mixed in. {image} {image}
You said Nasdaq M1, so I did it, figured your golden halo would yield nice PA, and it did!

Sorry but like I said, PA was horrible on it when I got to my PC so I reverted to my old faithful, the EURO.

Glad it was profitable for you but I could not have traded it - too wild and jumpy for me.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,693
  • Apr 26, 2023 1:07pm Apr 26, 2023 1:07pm
Quoting DexterzxD
I will have to get used to this volatility, its something new for me {image}
I will have to get used to this volatility, its something new for me

Yes, do - volatility is what moves PRICE
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,694
  • Apr 26, 2023 1:10pm Apr 26, 2023 1:10pm
Quoting DexterzxD
{quote} i missed this whole move, such a beauty {image}
I missed this whole move, such a beauty

Yes indeed - a PASR Strat Shadow trader's DREAM
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,695
  • Apr 26, 2023 1:15pm Apr 26, 2023 1:15pm
Quoting bistolis
{quote} I suggest to pick one instrument and focus on that one
I suggest to pick one instrument and focus on that one

100% agree - my profitability increased when I focused on the EURO instead of trying to trade the DOW at the same time, plus I would rather use my margin and increase the number of contracts on something I feel "in harmony" with rather than another instrument which does not return the same performance.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,696
  • Apr 26, 2023 4:17pm Apr 26, 2023 4:17pm
Here's Euro for today - 3 losers in there, marked. I'm not at all zen with Euro - very difficult to take the losses and either re-take or reverse with PA. Positive confidence is zapped, and we know we don't want to tap into the anger for courage... Also saw the big bar close above the 4-14 high and started thinking Long instead of calmly and simply reacting to the action.

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  • #16,697
  • Apr 26, 2023 4:28pm Apr 26, 2023 4:28pm
Quoting Strat
{quote} Sorry but like I said, PA was horrible on it when I got to my PC so I reverted to my old faithful, the EURO. Glad it was profitable for you but I could not have traded it - too wild and jumpy for me.
I tend to thrive in the wild and jumpy action - waiting for price to move in my direction is excruciating. Nasty day in algo land on other instruments for me, so that probably added to the stress. Will work on it, and will probably help as I watch 6E day to day, and compare with what you guys are doing.
  • #16,698
  • Apr 26, 2023 4:40pm Apr 26, 2023 4:40pm
Quoting Barbaresco
Here's Euro for today - 3 losers in there, marked. I'm not at all zen with Euro - very difficult to take the losses and either re-take or reverse with PA. Positive confidence is zapped, and we know we don't want to tap into the anger for courage... Also saw the big bar close above the 4-14 high and started thinking Long instead of calmly and simply reacting to the action. {image}
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  • #16,699
  • Apr 26, 2023 4:42pm Apr 26, 2023 4:42pm
Quoting Barbaresco
{quote} I tend to thrive in the wild and jumpy action - waiting for price to move in my direction is excruciating. Nasty day in algo land on other instruments for me, so that probably added to the stress. Will work on it, and will probably help as I watch 6E day to day, and compare with what you guys are doing.
so that probably added to the stress
actually that will never go away as long as you are manually trading. it is always uncomfortable
  • #16,700
  • Apr 26, 2023 4:54pm Apr 26, 2023 4:54pm
Quoting bistolis
{quote} so that probably added to the stress actually that will never go away as long as you are manually trading. it is always uncomfortable
Thanks - the double top was obvious in hindsight - I was looking for another high, and when I took the stop, I was frozen for a bit, like an imbecile, unable to press sell as it went down
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