Strat's PASR Long Term, Stress Free Trading | Page 856 | 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

  • #17,101
  • Aug 14, 2023 8:55am Aug 14, 2023 8:55am
The final exit at 200 pips
Attached Image (click to enlarge)
Click to Enlarge Name: dow trade.jpg Size: 264 KB

The green arrows are entries that I didnt take
  • #17,102
  • Aug 14, 2023 11:57am Aug 14, 2023 11:57am
NASDAQ M5 NQ 09-23

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 14 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,103
  • Aug 14, 2023 12:08pm Aug 14, 2023 12:08pm
Quoting bistolis
The final exit at 200 pips {image} The green arrows are entries that I didnt take
how many lots do you use?I am asking just because whenever I tried 4-5 lots I am filled 500 points up/down than the moment I entered the trade and my risk is doubled or tripled and when I put 1 lot its all right
  • #17,104
  • Aug 14, 2023 1:32pm Aug 14, 2023 1:32pm
Quoting DexterzxD
{quote} how many lots do you use?I am asking just because whenever I tried 4-5 lots I am filled 500 points up/down than the moment I entered the trade and my risk is doubled or tripled and when I put 1 lot its all right
This is a small prop account and I use 50cents per point for the DOW which is 0.5 lots for this broker. Really tiny but I have my head clear and it grows slowly. Maximum I would use 1lot, which probably I will start using once the account grows by 2-3%. At the moment it is barely 1.5% in profit. At 5%+ I will use 2lots to try and get to 8% a bit faster.
Having slippage at 5lots(5$ per point) is quite bad. Which broker do you use ?
  • #17,105
  • Aug 14, 2023 1:56pm Aug 14, 2023 1:56pm
Quoting DexterzxD
{quote} how many lots do you use?I am asking just because whenever I tried 4-5 lots I am filled 500 points up/down than the moment I entered the trade and my risk is doubled or tripled and when I put 1 lot its all right
Something is seriously wrong at your broker - call them to resolve. If not resolved - change brokers
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,106
  • Aug 14, 2023 6:54pm Aug 14, 2023 6:54pm
Quoting Strat
{quote} Something is seriously wrong at your broker - call them to resolve. If not resolved - change brokers
Absolutely - during NY session, you should be good with 50-100 YM's early ($250-500/pt), and half that later on, although shoving it into top of book as a single market order isn't efficient and makes HFT's very happy. But 10 YM's is no issue almost any time of day.
  • #17,107
  • Aug 15, 2023 1:38am Aug 15, 2023 1:38am
Quoting bistolis
{quote} This is a small prop account and I use 50cents per point for the DOW which is 0.5 lots for this broker. Really tiny but I have my head clear and it grows slowly. Maximum I would use 1lot, which probably I will start using once the account grows by 2-3%. At the moment it is barely 1.5% in profit. At 5%+ I will use 2lots to try and get to 8% a bit faster. Having slippage at 5lots(5$ per point) is quite bad. Which broker do you use ?
100k prop account with EightCap
  • #17,108
  • Aug 15, 2023 1:39am Aug 15, 2023 1:39am
Quoting Strat
{quote} Something is seriously wrong at your broker - call them to resolve. If not resolved - change brokers
This is their response
Attached Image (click to enlarge)
Click to Enlarge Name: Captură de ecran din 2023-08-15 la 09.33.52.png Size: 10 KB
  • #17,109
  • Aug 15, 2023 2:35am Aug 15, 2023 2:35am
Quoting DexterzxD
{quote} This is their response {image}
Their response is not helping. How many $ per point is one lot for eightcap?
If it is like 1$/point it is ridiculous to have slippage at 5lots. There might be some slight slippage at 10+ but nothing special. if it is too big then their liquidity provider is garbage
  • #17,110
  • Aug 15, 2023 3:55am Aug 15, 2023 3:55am
Quoting bistolis
{quote} Their response is not helping. How many $ per point is one lot for eightcap? If it is like 1$/point it is ridiculous to have slippage at 5lots. There might be some slight slippage at 10+ but nothing special. if it is too big then their liquidity provider is garbage
i don't know how to calculate, I googled and now im more confused
  • #17,111
  • Aug 15, 2023 5:47am Aug 15, 2023 5:47am
Quoting DexterzxD
{quote} i don't know how to calculate, I googled and now im more confused
Sorry I didn't realize it was US30 and not YM/MYM. US30 will display a similar price as YM/MYM, but can also use decimal places, whereas the CME products do not. It looks like 1 "lot" with your broker is 10 units of US30, and they are offering you 20:1 leverage. So, with 5 "lots", you are trading 50 US30's, so when Dow moves 100 bucks, you move 5K. That is the same as trading 10 YM's (which would cost a bit less in margin than your 5 US30's, but similar). The question is what you are calling points - .01, 0.1, or 1? I think Strat and I thought you meant $1, due to the minimum moves in CME products. If you are getting slipped $5 for the equivalent of 10 units of YM, I would expect that to only happen during illiquid times like the dead zone between NY and Asia, or after Asia and before Lon. During NY session, you should see $0-1.
  • #17,112
  • Aug 15, 2023 6:00am Aug 15, 2023 6:00am
Just found this thread and dove right in. As background, I took James16's course what seems like a lifetime ago, but didn't have the psychological discipline to make use of it. I am now a profitable trader, looking to take the leap to doing this full time. PASR makes sense to me intuitively, but - I have a few questions based on the chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: PASR-AUDUSDDaily.png Size: 23 KB


We see as clear a double top as I've ever seen. If I were trading this chart naked, I would have entered at the start of the second down candle in the blue box. However, the 20 MA doesn't cross the 50 MA until a dozen or so candles down. Why wait two weeks for the cross? (For the purposes of this discussion, please ignore the TDI/Stoch windows, I have been using Trading Made Simple method and seeing if it is makeable into a system - I just can't see any system worth a damn without a significant PASR component, which is why I am here).

Thanks in advance for any illumination the forum can offer :-)
  • #17,113
  • Edited 7:49am Aug 15, 2023 6:37am | Edited 7:49am
Quoting Barbaresco
{quote} Sorry I didn't realize it was US30 and not YM/MYM. US30 will display a similar price as YM/MYM, but can also use decimal places, whereas the CME products do not. It looks like 1 "lot" with your broker is 10 units of US30, and they are offering you 20:1 leverage. So, with 5 "lots", you are trading 50 US30's, so when Dow moves 100 bucks, you move 5K. That is the same as trading 10 YM's (which would cost a bit less in margin than your 5 US30's, but similar). The question is what you are calling points - .01, 0.1, or 1? I think Strat and I thought...
the lots I calculate without the decimals. 1$ move on the index = 1 point (or pip)
  • #17,114
  • Edited 7:48am Aug 15, 2023 6:45am | Edited 7:48am
Quoting oradba
Just found this thread and dove right in. As background, I took James16's course what seems like a lifetime ago, but didn't have the psychological discipline to make use of it. I am now a profitable trader, looking to take the leap to doing this full time. PASR makes sense to me intuitively, but - I have a few questions based on the chart below. {image} We see as clear a double top as I've ever seen. If I were trading this chart naked, I would have entered at the start of the second down candle in the blue box. However, the 20 MA doesn't cross the...
Hi . I think you are more confused now. If you are profitable keep doing what you are doing and start implementing what you learn in here. Otherwise forget the EMAs if you want purely PASR.
About the chart I have no idea what your trade would have been. All EMAs are by default following PA and they are not providing any signals.
I am guessing you are talking about a short at the top inside the blue box. If you notice the trades I post I dont wait for any cross of EMAs or any such thing. Everything is based on the candles.
  • #17,115
  • Aug 15, 2023 7:52am Aug 15, 2023 7:52am
Quoting DexterzxD
{quote} i don't know how to calculate, I googled and now im more confused
Just use the smallest lot size and wait for a 1$ move up or down from the current price and then multiply
  • #17,116
  • Edited 8:34am Aug 15, 2023 8:19am | Edited 8:34am
Regular small position size at the lows of today, some partial at 40points and waiting for the NY open
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 306 KB

final exit at 125points for 50% of the initial
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 284 KB

and done for today
  • #17,117
  • Aug 15, 2023 10:24am Aug 15, 2023 10:24am
Quoting oradba
Just found this thread and dove right in. As background, I took James16's course what seems like a lifetime ago, but didn't have the psychological discipline to make use of it. I am now a profitable trader, looking to take the leap to doing this full time. PASR makes sense to me intuitively, but - I have a few questions based on the chart below. {image} We see as clear a double top as I've ever seen. If I were trading this chart naked, I would have entered at the start of the second down candle in the blue box. However, the 20 MA doesn't cross the...
There are no rules that are consistently profitable over time. Every day, there will be MA crosses that are perfect, and others that take only losses. However, every MA, and every rule for that matter, is profitable sometimes, given some long list of caveats (other rules). So, each rule is a variable, and a solution exists for this very long and complex multivariable equation for every trade period of all time... but it's not possible to solve.

Coming up with some set of rules that is rigid, yet shows expected return over any longer time period is setting oneself up for disaster (unless game theory based, relatively high frequency, and funded with beaucoup bucks). So, your "system" must be dynamic and fluid. Strat has set this up to give you as many guidelines as possible without pigeonholing you with rigidity. When price is trending, ema's might be a guide. For a reversal off of an extreme, they are relatively useless.

Suggest take a few days to read the thread, and study Strat's charts before anyone else's. You should get into the nitty gritty within a week or so if not sooner.
  • #17,118
  • Aug 15, 2023 11:28am Aug 15, 2023 11:28am
M3 NQ NASDAQ 09-23

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 21 KB


Had to search through time frames to find one which made sense to me today due to low volume and volatility

3 minutes was what I could understand.

Low volume was causing bad fills so even though PA, structure and PASR was good today I am done.

NQ and I need more volatility and volume but tomorrow is another day
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,119
  • Aug 15, 2023 11:31am Aug 15, 2023 11:31am
Quoting Barbaresco
{quote} Absolutely - during NY session, you should be good with 50-100 YM's early ($250-500/pt), and half that later on, although shoving it into top of book as a single market order isn't efficient and makes HFT's very happy. But 10 YM's is no issue almost any time of day.
Good to see you are still here and posting, Barbaresco - I was beginning to think you had left the room with Elvis and all the rest who used to frequent this thread
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,120
  • Aug 15, 2023 11:50am Aug 15, 2023 11:50am
Quoting Barbaresco
{quote} Sorry I didn't realize it was US30 and not YM/MYM. US30 will display a similar price as YM/MYM, but can also use decimal places, whereas the CME products do not. It looks like 1 "lot" with your broker is 10 units of US30, and they are offering you 20:1 leverage. So, with 5 "lots", you are trading 50 US30's, so when Dow moves 100 bucks, you move 5K. That is the same as trading 10 YM's (which would cost a bit less in margin than your 5 US30's, but similar). The question is what you are calling points - .01, 0.1, or 1? I think Strat and I thought...
thank you for explanations, Barbaresco, in the photo below you can see what I call a point, in this case 2177 points
Attached Image
34 traders viewing now