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Strat's PASR Long Term, Stress Free Trading

  • #17,221
  • Sep 8, 2023 3:00am Sep 8, 2023 3:00am
Quoting Hickson
{quote} Ok, I have not watched for MT5 brokers in years, except for investing ... but there should be something in EU that is not too much of a bucket shop. Good, so the first thing is to calculate what I need on a 300 pip SL with two positions trading the daily I guess and choose a pair. My risk tolerance is very low these days, it should not be more than 0.5 % on a single trade. I would only increase that when things are consistently going better. Just a general question because I have not read all yet: What happened to all the FX traders in here?...
People come and go . Many are just not posting and who knows what they are doing. TD365 might be a good choice as a broker. I think they are based in UK
  • #17,222
  • Sep 8, 2023 6:07am Sep 8, 2023 6:07am
Quoting bistolis
{quote} People come and go . Many are just not posting and who knows what they are doing. TD365 might be a good choice as a broker. I think they are based in UK
It is what it is. Thanks, never heard of TD365. Will have a look.
Fix up, trade sharp ...
  • #17,223
  • Sep 8, 2023 9:24am Sep 8, 2023 9:24am
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  • #17,224
  • Sep 8, 2023 12:20pm Sep 8, 2023 12:20pm
M1 S&P 500 ES 09-23

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Beautiful PASR - frequently copied but NEVER EQUALLED!
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,225
  • Sep 9, 2023 9:06am Sep 9, 2023 9:06am
Quoting bistolis
{quote} People come and go . Many are just not posting and who knows what they are doing. TD365 might be a good choice as a broker. I think they are based in UK
Research online gives a rather shady picture: Registered on Bahamas, with doubts regarding EU regulations. People claim the UK registration is not real. They also talk about price manipulation and frozen platforms (which could of course be the single trader's fault). Complaints were dealt with "sorry, we are on the Bahamas", according to reviews.
IB still seems good, though the minimum position size are 2000 units. That seems to be too much at the moment, having two positions with maybe 300 pips sl on the daily chart. Looks like this search could take some days / weeks, I am not in a rush to give my money away.
Fix up, trade sharp ...
  • #17,226
  • Sep 11, 2023 11:05am Sep 11, 2023 11:05am
Quoting Hickson
{quote} Research online gives a rather shady picture: Registered on Bahamas, with doubts regarding EU regulations. People claim the UK registration is not real. They also talk about price manipulation and frozen platforms (which could of course be the single trader's fault). Complaints were dealt with "sorry, we are on the Bahamas", according to reviews. IB still seems good, though the minimum position size are 2000 units. That seems to be too much at the moment, having two positions with maybe 300 pips sl on the daily chart. Looks like this search...
Hi Hickson,
'Looks like this search could take some days / weeks, I am not in a rush to give my money away.'................
I agree with you completely on this. Money is not easy to find out there.
The choice of a broker is similar to choosing a bank account.
Just take your time, you will get one soon.
  • #17,227
  • Sep 11, 2023 12:03pm Sep 11, 2023 12:03pm
M1 S&P 500 ES 09-23

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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,228
  • Sep 11, 2023 1:16pm Sep 11, 2023 1:16pm
Not much done today. Only these two trades short the DOW and that for a few pips. One of those days when I cant seem to get my head straight. Overall it was a great day for PASR on the DOW
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  • #17,229
  • Sep 11, 2023 2:45pm Sep 11, 2023 2:45pm
Quoting 2hpriest
{quote} Hi Hickson, 'Looks like this search could take some days / weeks, I am not in a rush to give my money away.'................ I agree with you completely on this. Money is not easy to find out there. The choice of a broker is similar to choosing a bank account. Just take your time, you will get one soon.
You are right Emeka, it is a very important choice and the broker industry changes quicker than the traffic lights (Strat would call it a bit differently, though not too far from red lights and stuff I think). Since Strat mentioned trading view, I found that they are available with more than a dozen of brokers now. As others have shown, it is also possible to put up the Strat Shadow there. It seems they have good risk calculation tools as well to help with order execution. Another option is ctrader, but somehow I never got the right feeling on it as it seems a bit slow to handle for me.
Fix up, trade sharp ...
  • #17,230
  • Sep 12, 2023 4:48am Sep 12, 2023 4:48am
Quoting Hickson
{quote} You are right Emeka, it is a very important choice and the broker industry changes quicker than the traffic lights (Strat would call it a bit differently, though not too far from red lights and stuff I think). Since Strat mentioned trading view, I found that they are available with more than a dozen of brokers now. As others have shown, it is also possible to put up the Strat Shadow there. It seems they have good risk calculation tools as well to help with order execution. Another option is ctrader, but somehow I never got the right feeling...
Hi Hickson
'As others have shown, it is also possible to put up the Strat Shadow there. It seems they have good risk calculation tools as well to help with order execution'.
If you are to ask me, I will for the above reasons go with Trading View.
I actually do use them although you have to pay to access/activate more functional abilities/features.
Focus on the learning path and we shall eventually make it to the top.
Thank you.
  • #17,231
  • Sep 12, 2023 11:11am Sep 12, 2023 11:11am
M1 S&P 500 ES 09-23

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Tiring PA
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,232
  • Sep 12, 2023 3:52pm Sep 12, 2023 3:52pm
Quoting 2hpriest
{quote} Hi Hickson 'As others have shown, it is also possible to put up the Strat Shadow there. It seems they have good risk calculation tools as well to help with order execution'. If you are to ask me, I will for the above reasons go with Trading View. I actually do use them although you have to pay to access/activate more functional abilities/features. Focus on the learning path and we shall eventually make it to the top. Thank you.
As far as I understand from online research, Trading View is "free" on partner Brokers. For instance, the commission fee on pepperstone is 3 USD on opening and closing per lot. So you might not necessarily pay extra subscriptions for TV.
Fix up, trade sharp ...
  • #17,233
  • Sep 12, 2023 5:03pm Sep 12, 2023 5:03pm
Quoting Hickson
{quote} As far as I understand from online research, Trading View is "free" on partner Brokers. For instance, the commission fee on pepperstone is 3 USD on opening and closing per lot. So you might not necessarily pay extra subscriptions for TV.
Buy your front-end, pay for data, and pay commissions in order to have pass-through spreads. Any other way is just messing around until you decide to trade or not to trade. Same with brokerage - if the IB minimum is too much, you're just looking to do a tester account - so just do a demo with a real broker until you're ready - using the same amount of capital you intend to trade live (as Strat has suggested many times).
  • #17,234
  • Sep 12, 2023 6:01pm Sep 12, 2023 6:01pm
Hello Strat,

thanks that people like me can talk to you. I trade for 20 years now so I have some experience. My question I have is regarding the Price Action on Nasdaq vs. Forex. What I can see on your charts the candles and movements are quite clear so your PASR works fine here. What I can see on lots of Forex Pairs (like USDCHF or GBPUSD) it fluctuates currently but it is really difficult to see a trend at all with all the problems of support / resistance etc. Are you staying away of pairs/stocks/indices like that?

I just wanted to know if you still trading Forex or if Nasdaq is better for you (it is also shorter opened and traders know when moves can start within that timeframe of NY Open-Forex is a bit more difficult here).

I always wonder how people can earn money with these trend trading technics on Forex or other instruments but I realized that for example crude oil or even USD/MXN moves differently than lots of forex pairs and can have strong trends so these technics can be better applied.

I always break even on USD/MXN because of the strong trends - here I lose all my gains before. On other pairs I don't have that problem, really interesting.

Personally I concentrated for 15 years now on exhausting trends or overbought/oversold areas to earn little pips when the big guys sell off some of their initial positions. It works quite well but it is very contrary to your trading style. I'm really looking forward for an answer to my question because it would help me a lot to understand different trading approaches, especially classical approaches like yours.
  • #17,235
  • Sep 13, 2023 9:22am Sep 13, 2023 9:22am
I did overtrade today and fucked it up abit. Fortunately these 2 trades made up for it and wiped out the losses.
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  • #17,236
  • Sep 13, 2023 10:56am Sep 13, 2023 10:56am
M3 S&P 500 ES 09-23

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PA jumping in and out of sync with volume
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,237
  • Sep 13, 2023 11:07am Sep 13, 2023 11:07am
Quoting Barbaresco
{quote} Buy your front-end, pay for data, and pay commissions in order to have pass-through spreads. Any other way is just messing around until you decide to trade or not to trade. Same with brokerage - if the IB minimum is too much, you're just looking to do a tester account - so just do a demo with a real broker until you're ready - using the same amount of capital you intend to trade live (as Strat has suggested many times).
Buy your front-end, pay for data

I concur with Barbaresco. If you intend being serious in trading this time, then select a "real", CFTC approved broker and pay for real time live data. When I changed brokers and paid for data, I was surprised to find that MT5, which I previously used, was not only inaccurate, but was not real time, trailing behind "real, current time" some 60 seconds and sometimes more!

As in walks of life - you get what you pay for.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,238
  • Sep 13, 2023 1:10pm Sep 13, 2023 1:10pm
Quoting Strat
{quote} Buy your front-end, pay for data I concur with Barbaresco. If you intend being serious in trading this time, then select a "real", CFTC approved broker and pay for real time live data. When I changed brokers and paid for data, I was surprised to find that MT5, which I previously used, was not only inaccurate, but was not real time, trailing behind "real, current time" some 60 seconds and sometimes more! As in walks of life - you get what you pay for.
That shows that PASR is still powerful enough to put you in the driving seat despite a major disadvantage. However, especially on short timeframes 60 seconds is an absolute no go and is even worse what I thought to be true anyway, so good you made the change. I think with CFTC approved and real time live data you and Barbaresco adress the futures/indices market?

Correct me if I am wrong, but I think while trading FX on the worker the mentioned lags in live data should not be such an issue. I had a look at the combination of Pepperstone with Trading View Charting which seems reasonable for that. Will start on the worker as you have suggested, then proceed in given time (H1, M5, Indices/CFTC approved broker). First I have to finish some more hundreds of pages after my day job and keep the trouble and strife in a good mood (which is very important for being even able to trade with focus).

True what you said about paying the price for quality ...
Fix up, trade sharp ...
  • #17,239
  • Sep 14, 2023 10:29am Sep 14, 2023 10:29am
M1 S&P 500 ES 09-23

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Unusually low volume not supporting PA which is unusual for a red news day.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,240
  • Sep 14, 2023 9:11pm Sep 14, 2023 9:11pm
Quoting Strat
M1 S&P 500 ES 09-23 {image} {image} Unusually low volume not supporting PA which is unusual for a red news day.
Volume will get back to normal after witching... lots of position swapping this week.
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