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Strat's PASR Long Term, Stress Free Trading

  • #16,701
  • Apr 27, 2023 2:03am Apr 27, 2023 2:03am
Quoting Barbaresco
{quote} 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
I wouldn't say imbecile it is very normal
  • #16,702
  • Apr 27, 2023 5:33am Apr 27, 2023 5:33am
I don't know why I hesitated to enter but I did hesitate.
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What was that saying about the mojo ? I have to find it
And below would have been the exit at the EMA 200, but probably I would take 90-100pips and bank them( slightly above the ema)
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I didnt want to jump right in at the breakout (maybe I should ). It is a bigger stop than I would like
  • #16,703
  • Apr 27, 2023 6:50am Apr 27, 2023 6:50am
^Agree, that's a tough one - before market open, no news, and big news coming up in ~an hour - I took the retrace for 3 trades (15,+15,+10), in YM futs, not CFD, but chart very similar. Will leave alone until after GDP now.
  • #16,704
  • Apr 27, 2023 9:19am Apr 27, 2023 9:19am
the short was a bit of a gamble. and then I was biased short and it took me a couple of minutes to reset for the last long position
well the first entry long was not ideal too
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  • #16,705
  • Apr 27, 2023 1:05pm Apr 27, 2023 1:05pm
M1 EURO

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Nice, smooth PA up to news event. I got lost at 13:15 chart time and from there started losing "the feel" and just could not get in the groove with PA so gave up.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,706
  • Apr 27, 2023 8:50pm Apr 27, 2023 8:50pm
Today for 6E - tried exiting in 2 tranches instead of all at once - helped a little, unsure if a good path or better to concentrate on the best exit, rather than 1 safe plus 1 hope. Expected the slowdown due to the AMZN release, but Equities kept roaring while Euro took a nap.

Thinking about an alarm every minute on, say, the 53 second mark, might be a good way to standardize the process. Overthinking and trying to see or find things in all the extra time is absolutely counter-productive for me. All my algos are built on tick charts, so I haven't watched candles form for at least 10 yrs.

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  • #16,707
  • Apr 28, 2023 1:32pm Apr 28, 2023 1:32pm
M1 EURO

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Lost interest as volume and volatility dried up with London close.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,708
  • Apr 28, 2023 1:35pm Apr 28, 2023 1:35pm
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...
Take a look at the 15 second candles... you could probably get a lot done in very little time

Any chance you could show us how you do this on 15 seconds/15 ticks? I'm curious.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,709
  • Edited 4:46pm Apr 30, 2023 4:28pm | Edited 4:46pm
Quoting Strat
{quote} Take a look at the 15 second candles... you could probably get a lot done in very little time Any chance you could show us how you do this on 15 seconds/15 ticks? I'm curious.
I haven't done it yet, but want to try it. Thought you'd make mincemeat of it and give me the courage, but I can try it tomorrow and post results.

I have looked at it extensively and tested some objective entries and rr profiles, but the slip and comm's essentially eat all the profits. Subjective filtering of the entries along with profit-taking is a must when messing with candles this small. Also, MNQ is jumpier/more slip especially during any news event or low liquidity time vs NQ, so the smaller contract may be more difficult to trade on the 15 second. If I can continue doing well with your subjective strategy, I'm confident 15 sec NQ can be very profitable, but one must be extremely strict with the Stops and not get discouraged after some nasty streaks.

Also, re: candles vs ticks or renko - I believe the wicks still give more efficacy to the entries re: PA, so time is better than points, and 15 secs goes evenly into M1, so every 4th candle is obviously the end of an M1. I'll post a chart this eve maybe after dinner.
  • #16,710
  • Apr 30, 2023 9:28pm Apr 30, 2023 9:28pm
So I pulled the chart back and ran it one bar at a time and wrote in my decisions - not real trades, but tried to keep it honest. Biggest issue is I just watched this action in real time on Fri, so my subconscious is definitely not clean. Anyway, you can at least take a look at the 15 sec and shadows, etc.

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  • #16,711
  • May 1, 2023 8:49am May 1, 2023 8:49am
Maybe an impulsive exit but 100 points are good for now
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  • #16,712
  • May 1, 2023 10:26am May 1, 2023 10:26am
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  • #16,713
  • May 1, 2023 11:31am May 1, 2023 11:31am
Quoting Barbaresco
{quote} I haven't done it yet, but want to try it. Thought you'd make mincemeat of it and give me the courage, but I can try it tomorrow and post results. I have looked at it extensively and tested some objective entries and rr profiles, but the slip and comm's essentially eat all the profits. Subjective filtering of the entries along with profit-taking is a must when messing with candles this small. Also, MNQ is jumpier/more slip especially during any news event or low liquidity time vs NQ, so the smaller contract may be more difficult to...
Thought you'd make mincemeat of it and give me the courage

Thank you for the belief and confidence but anything less than M1 is a bridge too far for me

re: candles vs ticks or renko - I believe the wicks still give more efficacy to the entries re: PA

Yes, wicks and tails are at the heart of PASR.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,714
  • May 1, 2023 11:35am May 1, 2023 11:35am
Quoting Barbaresco
So I pulled the chart back and ran it one bar at a time and wrote in my decisions - not real trades, but tried to keep it honest. Biggest issue is I just watched this action in real time on Fri, so my subconscious is definitely not clean. Anyway, you can at least take a look at the 15 sec and shadows, etc. {image}
Thank you for taking the time to do this - much appreciated.

Anyway, you can at least take a look at the 15 sec and shadows, etc.

Since the Markets are fractal, PASR and Strat Shadow are very effective no matter how small or big the time frame PROVIDING you understand them.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,715
  • May 1, 2023 11:36am May 1, 2023 11:36am
Quoting bistolis
Maybe an impulsive exit but 100 points are good for now {image}
Good job, bistolis!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,716
  • May 1, 2023 11:38am May 1, 2023 11:38am
Quoting bistolis
{image}
Well done! The gravestone doji on M15 at SR was a dead (sorry for the pun!) give away.

It seems you got your Mojo back, bistolis
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,717
  • May 1, 2023 11:40am May 1, 2023 11:40am
Quoting Strat
{quote} Well done! The gravestone doji on M15 at SR was a dead (sorry for the pun!) give away. It seems you got your Mojo back, bistolis
I am back in the game slowly. Today the PA is rather odd. Not very strong trends. A piece here and a piece there
  • #16,718
  • May 1, 2023 11:49am May 1, 2023 11:49am
Quoting bistolis
{quote} I am back in the game slowly. Today the PA is rather odd. Not very strong trends. A piece here and a piece there
Today the PA is rather odd. Not very strong trends. A piece here and a piece there

These are the best times to tune, fine tune and improve your understanding of PASR
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,719
  • May 1, 2023 12:59pm May 1, 2023 12:59pm
M5 EURO

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M15 EURO

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Definitely a Dr. Joe day today!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,720
  • May 1, 2023 2:33pm May 1, 2023 2:33pm
Quoting Strat
{quote} Thank you for the belief and confidence but anything less than M1 is a bridge too far for me
Well that sucks! Thought we'd all be hammering S15 charts by summer
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