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Strat's PASR Long Term, Stress Free Trading

  • #16,841
  • May 18, 2023 12:28pm May 18, 2023 12:28pm
Quoting Strat
M1 EURO {image} {image} M5 DOW {image} Low volume and volatility but orderly PA
Why would you enter at that spot long on the DOW ? Because it closes higher than the previous shooting star ?
  • #16,842
  • May 18, 2023 12:40pm May 18, 2023 12:40pm
Not to put words in Strat's mouth... that close was also above the overnight range low, 20 and 72 slopes turned up - groundhog sees Strat shadow on the upside
edit - and larger TF's were up...

Another note - maybe Strat can weigh in - I consider the TF ranging and not trending if there haven't been any tests of the stratshad, so that push down, even though it was stout, hadn't been tested with a resolution into new lows, confirming a trend down - so last trend was still up

I entered on a similar candle on the M2, so that's what I was thinking anyway... Strat to correct me now...
  • #16,843
  • May 18, 2023 5:25pm May 18, 2023 5:25pm
Quoting bistolis
{quote} Why would you enter at that spot long on the DOW ? Because it closes higher than the previous shooting star ?
Why would you enter at that spot long on the DOW ?

M5 support from the doji shooting star on higher volume than red candle and closing above the Strat Shadow.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,844
  • May 19, 2023 12:12am May 19, 2023 12:12am
Quoting Strat
{quote} Why would you enter at that spot long on the DOW ? M5 support from the doji shooting star on higher volume than red candle and closing above the Strat Shadow. {image}
I am confused. I meant this one
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It seems like I ignored that support below this candle's close
  • #16,845
  • May 19, 2023 12:14am May 19, 2023 12:14am
Quoting Barbaresco
Not to put words in Strat's mouth... that close was also above the overnight range low, 20 and 72 slopes turned up - groundhog sees Strat shadow on the upside edit - and larger TF's were up... Another note - maybe Strat can weigh in - I consider the TF ranging and not trending if there haven't been any tests of the stratshad, so that push down, even though it was stout, hadn't been tested with a resolution into new lows, confirming a trend down - so last trend was still up I entered on a similar candle on the M2,...
In the heat of the moment I am many times confused by price action. It is those times that I go looking for trades instead of waiting for them
  • #16,846
  • May 19, 2023 6:58am May 19, 2023 6:58am
Quoting bistolis
{quote} I am confused. I meant this one {image} It seems like I ignored that support below this candle's close
Why would you enter at that spot long on the DOW ?

L - H - HL, closed in Strat Shadow and closed above support

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15 YEARS OF PASR ON FOREX FACTORY!
  • #16,847
  • May 19, 2023 7:01am May 19, 2023 7:01am
Quoting bistolis
{quote} In the heat of the moment I am many times confused by price action. It is those times that I go looking for trades instead of waiting for them
In the heat of the moment I am many times confused by price action. It is those times that I go looking for trades instead of waiting for them

That tells me M1 is too fast for your trading brain so, as I have suggested before, slow down and trade M5
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,848
  • May 19, 2023 7:07am May 19, 2023 7:07am
Quoting Strat
{quote} In the heat of the moment I am many times confused by price action. It is those times that I go looking for trades instead of waiting for them That tells me M1 is too fast for your trading brain so, as I have suggested before, slow down and trade M5
I will have to give it a try and see how i will do
  • #16,849
  • May 19, 2023 7:59am May 19, 2023 7:59am
Quoting bistolis
{quote} I will have to give it a try and see how i will do
I will have to give it a try

Good - you might be surprised - that's what Einstein implied with his definition of Insanity
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,850
  • May 19, 2023 11:04am May 19, 2023 11:04am
M1 EURO

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M5 DOW

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Low volume and volatility with irregular PA. It seems Smart Money just came in and traded Powell's Speech impact
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,851
  • May 19, 2023 11:13am May 19, 2023 11:13am
Quoting Barbaresco
Not to put words in Strat's mouth... that close was also above the overnight range low, 20 and 72 slopes turned up - groundhog sees Strat shadow on the upside edit - and larger TF's were up... Another note - maybe Strat can weigh in - I consider the TF ranging and not trending if there haven't been any tests of the stratshad, so that push down, even though it was stout, hadn't been tested with a resolution into new lows, confirming a trend down - so last trend was still up I entered on a similar candle on the M2,...
that close was also above the overnight range low

I never consider Overnight trading - only what London does (oh - that IS our overnight!)

20 and 72 slopes turned up
I consider the TF ranging and not trending if there haven't been any tests of the Strat Shadow

You have to be careful with the Strat Shadow. I developed it for Swings and Trends and like everything else is a failure in Ranges which is why we use Basic PASR.

even though it was stout

You can't beat a good pint (or 2 or 3 or...) of Guinness but sadly, hard to find in the USA.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,852
  • May 22, 2023 11:00am May 22, 2023 11:00am
M1 S&P 500

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Switching to S&P 500 in anticipation of the corrupt clowns in the Shite House screwing things up
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,853
  • May 23, 2023 6:35am May 23, 2023 6:35am
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  • #16,854
  • May 23, 2023 11:46am May 23, 2023 11:46am
M1 EURO

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Orderly but low volatility PA today
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,855
  • May 23, 2023 11:47am May 23, 2023 11:47am
Quoting bistolis
{image}
Looks like you waited for NY Open to find your Mojo!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,856
  • May 23, 2023 12:12pm May 23, 2023 12:12pm
Realized again that I am much more comfortable trading the short side for whatever sick psychological reason

Today I could do no wrong, but had a tough time the previous days during the strong uptrends. After the fact, it's easy to see where I should've been long or heavier long, but in the moment... Any tricks or advice? Thought of inverting the charts based on the Stratshadow, but don't want to habitually use a crutch, or deal with which chart I should be watching.

A buddy of mine is basically the opposite - sells vol and gets assigned if the trade goes against him - then basically Martingale's his long position until he wins - good thing AAPL is only allowed to move in one direction
  • #16,857
  • May 23, 2023 12:22pm May 23, 2023 12:22pm
Quoting Barbaresco
Realized again that I am much more comfortable trading the short side for whatever sick psychological reason Today I could do no wrong, but had a tough time the previous days during the strong uptrends. After the fact, it's easy to see where I should've been long or heavier long, but in the moment... Any tricks or advice? Thought of inverting the charts based on the Stratshadow, but don't want to habitually use a crutch, or deal with which chart I should be watching. A buddy of mine is basically the opposite - sells...
I have the same lately. probably because the DOW had been in more downtrends than uptrends this year. At least that is my impression.
  • #16,858
  • May 24, 2023 11:20am May 24, 2023 11:20am
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M5 EURO


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M5 S&P 500

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Surprisingly, today was easy orderly regular PA and Structure
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,859
  • May 24, 2023 11:31am May 24, 2023 11:31am
Quoting Barbaresco
Realized again that I am much more comfortable trading the short side for whatever sick psychological reason Today I could do no wrong, but had a tough time the previous days during the strong uptrends. After the fact, it's easy to see where I should've been long or heavier long, but in the moment... Any tricks or advice? Thought of inverting the charts based on the Stratshadow, but don't want to habitually use a crutch, or deal with which chart I should be watching. A buddy of mine is basically the opposite - sells...
Realized again that I am much more comfortable trading the short side for whatever sick psychological reason

Psycho problem influenced by Gravity - maybe study Newton's Laws of Motion.

After the fact, it's easy to see where I should've been long or heavier long, but in the moment... Any tricks or advice?

Check all the posts on the Strat Shadow - on all time frames, 1 second to 100+ years, it will help show you the direction to trade
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,860
  • May 24, 2023 11:41am May 24, 2023 11:41am
Quoting bistolis
{quote} I have the same lately. probably because the DOW had been in more downtrends than uptrends this year. At least that is my impression.
I have the same lately. probably because the DOW had been in more downtrends than uptrends this year. At least that is my impression.

DOW WEEKLY

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Still think that is the reason?
15 YEARS OF PASR ON FOREX FACTORY!
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