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Strat's PASR Long Term, Stress Free Trading

  • #17,061
  • Jul 17, 2023 1:10pm Jul 17, 2023 1:10pm
Quoting DexterzxD
{quote} hi strat, how can you use wcc in 1m trading? i suppose it's useful if you hold a trade longer or if the price is at the high / low of the wcc, etc
how can you use wcc in 1m trading?

Institutional traders trading on W1 and higher are investors for the long haul. They soak up the pull backs with their deep pockets and add on at discount (lower PRICE). While all shorter time frames turn first they will eventually move in line with the Institutional investors.

Take today for example, PRICE is above the WCC and London showed no signs of selling so on M1 I wanted to be overall long

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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,062
  • Jul 17, 2023 1:13pm Jul 17, 2023 1:13pm
Quoting p1pThief
{quote} 5 minute: NQ failing to make higher highs with ES If your idea / bias of where price is going, is correct (which was the case on Friday.) Then yes, id say it is very reliable traded as a tool with PASR If you blindly trade the divergence with no narrative, then it is a losers' game
Thanks but I have never used divergence for the reasons I posted years ago. My problem would be - which is diverging - ES or NQ?
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,063
  • Edited 5:06pm Jul 17, 2023 3:34pm | Edited 5:06pm
Quoting Strat
{quote} Thanks but I have never used divergence for the reasons I posted years ago. My problem would be - which is diverging - ES or NQ?
which is diverging - ES or NQ?

It doesn't really matter sir - if you know where its going, then all the divergence is, is a run on stops before an aggressive move towards your target

I was hoping to get an example for you this afternoon however price chugged on up to the bullseye (The Weekly Gap) without me

FYI - There is still a small portion open
  • #17,064
  • Jul 18, 2023 12:00pm Jul 18, 2023 12:00pm
us30 m1

lovely trades for today
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  • #17,065
  • Jul 18, 2023 12:44pm Jul 18, 2023 12:44pm
M1 NQ

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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,066
  • Jul 18, 2023 12:47pm Jul 18, 2023 12:47pm
Quoting DexterzxD
us30 m1 lovely trades for today {image}
DOW m1 lovely trades for today

Good job Dexter
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,067
  • Jul 18, 2023 1:19pm Jul 18, 2023 1:19pm
WEEKLY CONTROL CANDLES

6E
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6B
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ES
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YM
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,068
  • Jul 19, 2023 2:18pm Jul 19, 2023 2:18pm
Hello Strat,
I just wanted to introduce myself.
I speak little to no English, so this is all thanks to the translator (Deepl).
I have been reading here in the background for years and have analyzed the trades here.
I think it is one of the best freely available works I have ever seen on trading.
I only trade pure PA now and sometimes add the 20 EMA as additional confirmation, no volume etc.

This is no real help after many trades. In my opinion....
So why I am writing here is, with the negative reviews from Zebi and Suran, I just have to say that reading this forum is simply a must for traders who want to make money in the stock market.

Everything else that comes later from what you read here in the forum is just your own creation of what you learn here as a standard about the PASR, which is the basis of what you need to know....

Ps. I only trade 1 D as it causes me little or no stress. 1 minute or 5 minutes is too fast or stressful for me and this is where I also find the Strat Shadow very interesting, as trend formation comes into play quickly, which takes a lot of time with 1D.

That's enough , just short for trading.

My last is from today FTSE 100 English Benchmark Index 1 D, 18.07.23 BUY
Resistance became Support + 20 Ema as confirmation to next resistance....

Thanks
  • #17,069
  • Jul 19, 2023 5:31pm Jul 19, 2023 5:31pm
FYI got my ass handed to me today on NQ, mostly due to my own idiocy, and possibly from pressure since ramping up the volume. Wanted to post it since everything was going perfectly for too long, and I think it's worthwhile to know that we all have those days. I will get back on the horsey tomorrow, but might stay away from NQ until earnings is done, and move the volume over to Euro and to a lesser extent, Dow - haven't decided yet.
  • #17,070
  • Edited 11:56pm Jul 19, 2023 8:35pm | Edited 11:56pm
NQ made a lower low on the 60 min however this wasn't confirmed by either the ES or the YM, notice the wick, the body and where it closed.

It looked to me like they were just clearing the board, before another run higher... I waited for a break in structure on the 5 minute before getting long at 3pm est.

I should of traded ES for the reason's above (it was stronger) however, I took the trade on NQ. I was trading off my phone at the time which is never a good idea and for some reason, I thought I was in the stronger.

I got out at 20 handles, which is a fixed target, similar to what I have been doing with 5 handles on ES.

In hindsight, ES confirmed NQ post 3pm however, I'm still favoring longs on equities until DOW also confirms that break in structure lower on the 60 minute

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  • #17,071
  • Jul 20, 2023 10:21am Jul 20, 2023 10:21am
M1 NQ

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Done and dusted at 7:40am

I had to keep getting H1 out to find the next SR
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,072
  • Jul 20, 2023 10:55am Jul 20, 2023 10:55am
Quoting Pedzi
Hello Strat, I just wanted to introduce myself. I speak little to no English, so this is all thanks to the translator (Deepl). I have been reading here in the background for years and have analyzed the trades here. I think it is one of the best freely available works I have ever seen on trading. I only trade pure PA now and sometimes add the 20 EMA as additional confirmation, no volume etc. This is no real help after many trades. In my opinion.... So why I am writing here is, with the negative reviews from Zebi and Suran, I just have to say that...
no volume etc. This is no real help after many trades. In my opinion.

This is your opinion which I respect but if you study all aspects of volume - cumulative volume, volume delta, volume zones etc., you will be able to identify where the institutional buyers and sellers are trading and placing orders.

My last is from today FTSE 100 English Benchmark Index 1 D, 18.07.23 BUY Resistance became Support + 20 Ema as confirmation to next resistance....

Ps. I only trade 1 D as it causes me little or no stress. 1 minute or 5 minutes is too fast or stressful for me

As you know, D1 is where I started out with PASR and M5 and M1 were also too fast for me at that time but like everything else, once you study and understand something it becomes clearer and easier. Again, traders must trade the time frame which suits their personality, comfort zone and makes money for them and not what another trader trades.

I also find the Strat Shadow very interesting, as trend formation comes into play quickly, which takes a lot of time with 1D.

Just remember, I developed the Strat Shadow for Swings and Trends and it is of no help in consolidation/ranges except to identify that PRICE is in a consolidation/range. For example, on NQ M1, yesterday was horrible if you tried to trade the Strat Shadow whereas today it was the PASR Strat Shadow traders' dream come true.

My last is from today FTSE 100 English Benchmark Index 1 D, 18.07.23 BUY Resistance became Support + 20 Ema as confirmation to next resistance....

Please feel free to post your charts - we need some D1 PASR trading charts here.

Thank you for your appreciation and taking the time to post this.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,073
  • Jul 20, 2023 11:03am Jul 20, 2023 11:03am
Quoting Barbaresco
FYI got my ass handed to me today on NQ, mostly due to my own idiocy, and possibly from pressure since ramping up the volume. Wanted to post it since everything was going perfectly for too long, and I think it's worthwhile to know that we all have those days. I will get back on the horsey tomorrow, but might stay away from NQ until earnings is done, and move the volume over to Euro and to a lesser extent, Dow - haven't decided yet.
FYI got my ass handed to me today on NQ, mostly due to my own idiocy, and possibly from pressure since ramping up the volume.

I also got dicked around (again) yesterday by NQ M1 so I was switching time frames to S15 and S30 and also switching to 6E and it took me until around 10am to recover my losses and make a small profit. Hopefully today you got back on the NQ horse.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,074
  • Jul 20, 2023 11:23am Jul 20, 2023 11:23am
Quoting p1pThief
NQ made a lower low on the 60 min however this wasn't confirmed by either the ES or the YM, notice the wick, the body and where it closed. It looked to me like they were just clearing the board, before another run higher... I waited for a break in structure on the 5 minute before getting long at 3pm est. I should of traded ES for the reason's above (it was stronger) however, I took the trade on NQ. I was trading off my phone at the time which is never a good idea and for some reason, I thought I was in the stronger. I got out at 20 handles, which...
NQ made a lower low on the 60 min however this wasn't confirmed by either the ES or the YM, notice the wick, the body and where it closed. It looked to me like they were just clearing the board, before another run higher... I waited for a break in structure on the 5 minute before getting long at 3pm est

p1pThief, you are an inspiration to me and hopefully all others who read your posts.

I was trading off my phone at the time

Wow, being an old fart, I have to trade off my monitor - I can't even trade off my 19" laptop screen!

I got out at 20 handles, which is a fixed target, similar to what I have been doing with 5 handles on ES.

Are your "handles" the same as my "points" on NQ? An NQ "point" with my broker is $20.

In hindsight, ES confirmed NQ post 3pm

Which do you prefer/is more profitable for you - ES or NQ?

I don't know why, maybe because I have not studied her as much, but I can't seem to dance with ES - she starts doing a tango when my charts tell me she should be doing a waltz! I understand 6E much better which is what I fall back on if I lose the plot on NQ.

Thanks ever so much for your informative posts
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,075
  • Jul 20, 2023 12:00pm Jul 20, 2023 12:00pm
M1 NQ

Took my usual shufti after breakfast and jumped back in again

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PRICE may make it down to H1 support but I am done for today
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,076
  • Jul 20, 2023 9:27pm Jul 20, 2023 9:27pm
Quoting Strat
{quote} FYI got my ass handed to me today on NQ, mostly due to my own idiocy, and possibly from pressure since ramping up the volume. I also got dicked around (again) yesterday by NQ M1 so I was switching time frames to S15 and S30 and also switching to 6E and it took me until around 10am to recover my losses and make a small profit. Hopefully today you got back on the NQ horse.
Yep, killed it today thankfully - there is definitely a feeling you get when markets are doing what your brain expects. I need to try and identify that feeling and trade bigger on those days. Yesterday was hideous, and instead of recognizing and either quitting or regrouping, I kept trying to hump her into submission. I was getting too comfy on S15 and she turned around and ate me That's 2 losers out of 15 days now doing the same thing. The fact that yesterday's loss was outsized is my own fault.
  • #17,077
  • Jul 20, 2023 10:28pm Jul 20, 2023 10:28pm
ES & YM still trending higher (see 4 hour chart) therefore, I'm not quite ready to jump in front of the freight train just yet.

Large down day on NQ, usually on large down days the low of the day will form between 3pm & 4pm est. (reverse is true for up days)

Price traded into the 50% level of the higher time frame fib at about 3:30 pm est so expected a retracement back inside the daily range up to at least the nearest resistance level, which happen to offer greater than 20 handles/ points on NQ

Waited for PASR and got long. Easy bread and butter setup.

Despite NQ being weaker, the price action was alot cleaner, not as wicky as ES and less obstacles in the way of my target. It also had the fib Confluence and its range was larger than ES so expected its mean reversion rubber band effect to be stronger

Bias is still long. I imagine alot of traders will be thinking we have topped but I'm not convinced and I'm half expecting a drop (aka trap) tonight in london or on news tomorrow morning before another rally higher.

I guess we will wait and see what price shows us

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  • #17,078
  • Jul 21, 2023 1:15am Jul 21, 2023 1:15am
Quoting Strat
{quote} NQ made a lower low on the 60 min however this wasn't confirmed by either the ES or the YM, notice the wick, the body and where it closed. It looked to me like they were just clearing the board, before another run higher... I waited for a break in structure on the 5 minute before getting long at 3pm est p1pThief, you are an inspiration to me and hopefully all others who read your posts. I was trading off my phone at the time Wow, being an old fart, I have to trade off my monitor - I can't even trade off my 19" laptop screen! I got out at...
p1pThief, you are an inspiration to me and hopefully all others who read your posts.

Thankyou Strat, I like to put my thoughts down on paper, right or wrong. As it helps me to think about my process, reflect & hopefully learn. If other traders find it helpful then that's great. If they disagree and are able to help me out, then this is great also.

Are your "handles" the same as my "points" on NQ? An NQ "point" with my broker is $20.

Yes, point / handle same thing. $20 per point / $5 per tick for NQ and ES is $50 per point $12.50 per tick

Which do you prefer/is more profitable for you - ES or NQ?

ES is slower and doesn't move as much as NQ so you can have smaller stops on a tick basis, good for learners...

NQ is smoother but its also faster and moves a lot more on a tick basis so you need larger stops (and targets) can be a bit more expensive to trade than ES maybe?

It took me a while to get my stops & target sizes correct and I'm still learning / experimenting

I understand 6E much better which is what I fall back on if I lose the plot on NQ.

I know the feeling

Thanks ever so much for your informative posts

No Strat, Thankyou I have learnt a hell of a lot from you and this thread over the years
  • #17,079
  • Jul 21, 2023 11:59am Jul 21, 2023 11:59am
M1 NQ

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Based on volume, it seems the Institutional Traders had already left for the weekend leaving low volatility and unstable PA.

I didn't want to get into it but the first 15 minutes was Basic PASR around NY Open.

Nothing much happening after breakfast so time to enjoy LIFE!
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,080
  • Jul 22, 2023 8:58am Jul 22, 2023 8:58am
NQ Week In Review

Bosses:

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Friday M1 Worker

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15 YEARS OF PASR ON FOREX FACTORY!
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