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Strat's PASR Long Term, Stress Free Trading

  • #17,421
  • Nov 11, 2023 10:17am Nov 11, 2023 10:17am
Quoting Hickson
{quote} Hello Barbaresco, I had to read your post a few times to understand after a long day. If I understood correctly, you are pointing out the importance of having a repeatable setup with a fixed sl location and trade it every time it shows up? First, I think you are right that the sl on my first s/o was too tight. It should have been above the recent highs. Then, do you mean my analysis being subject to randomness or PASR analysis in general? From my understanding, even PASR analysis from more experienced traders is - to some extent - subject...
I think you are right that the sl on my first s/o was too tight. It should have been above the recent highs.

Why did you put it there? PASR teaches the Stop Loss to be above/below the last recent swing

PASR analysis from more experienced traders is - to some extent - subject to randomness.

No, PASR is subjective based on the trader's understanding and experience with PASR.

Yet throughout the years, PASR has not stopped to work.

PASR is just a strategy, it is the trader's experience and understanding of PASR strategy has never failed
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,422
  • Nov 11, 2023 10:25am Nov 11, 2023 10:25am
Quoting Hickson
Last one on M5 today - closed on consolidation around support, tired after work all day long and then watching it crawling down ... in general I think with microlots it is not worth the commission and spread to trade GBPNZD, will think about switching back to GBPUSD for intraday as well. It has higher pip value and much lower spread while GBPNZD seems tame these days ... {image}
I have posted before about the pip inefficiency with GBPNZD.

I suggest you specialise on GBPUSD or EURUSD.

EURUSD has more volume especially during the London session. Choose whichever tickles your fancy and stick with it like no other - learn to dance, live and eat with her just as you would with a wife. You will be surprised how soon you feel as one with her so that you can make consistent profits and then, load up on position size.

No need to believe me - just ask bistolis!
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,423
  • Nov 11, 2023 1:53pm Nov 11, 2023 1:53pm
Quoting Strat
{quote} moved to a new house So the Feds finally caught up with you then?
Nay! Bought some rockets, arm wings, and roller skates from ACME. I'm like the wind.

New house is only 7 miles from the last one... giving Texas one more year, but I don't think we'll be staying. Total 2 yr experiment - at least we're out of Shiticon Valley.
  • #17,424
  • Nov 13, 2023 12:17pm Nov 13, 2023 12:17pm
M1 S&P 500

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Entries and exits taken on M1, S30 and 1500 Tick
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,425
  • Nov 13, 2023 1:21pm Nov 13, 2023 1:21pm
Quoting Strat
M1 S&P 500 {image} {image} {image} {image} Entries and exits taken on M1, S30 and 1500 Tick
Hello Strat.. following your posts but still only trading currencies. It's an Old Dog -- New Tricks thing .
On the M1 S&P 500 posted chart... which I cannot call up on my own charting, I could not help but seeing a possible application of BABAG's use of the Fib Tool to find TP areas. BUT using Terry Dawe's important modification.
Since the candles in the upper left corner are a DHLC pattern, Terry/BBG would use the pattern as a signal to use the Fib Tool to set possible TP areas. Terry's modification is to Put the 0 line at the top of the pattern. Then draw the Fib tool down so that the 50 line is at the bottom of the DHLC candle pattern. The resulting fib lines would give some profit target lines. My experience is that the 100 , 138, 161, and 200 lines are areas of interest for taking profit. Of course price may move beyond that or never hit those lines.
If you care to do so, it would be interesting to see where the possible TP fib lines showed up on the chart.
  • #17,426
  • Nov 13, 2023 1:45pm Nov 13, 2023 1:45pm
6B (GU futs) M5


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  • #17,427
  • Nov 13, 2023 6:05pm Nov 13, 2023 6:05pm
Quoting Lou
{quote} Hello Strat.. following your posts but still only trading currencies. It's an Old Dog -- New Tricks thing . On the M1 S&P 500 posted chart... which I cannot call up on my own charting, I could not help but seeing a possible application of BABAG's use of the Fib Tool to find TP areas. BUT using Terry Dawe's important modification. Since the candles in the upper left corner are a DHLC pattern, Terry/BBG would use the pattern as a signal to use the Fib Tool to set possible TP areas. Terry's modification is to Put the 0 line at the top of the...
BabaG showed me that not long after he joined the thread and he used it exactly as you described supposedly as a Terry Dawe modification. I used to use it but preferred the Fib Extension tool but now I just watch PA like a hawk.

Anyway, to tickle your fancy, here is the chart you asked for

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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,428
  • Edited 9:44pm Nov 13, 2023 8:50pm | Edited 9:44pm
Quoting bistolis
{quote} In my experience a strong bullish candle in a downtrend is probably profit taking, which you can see overthe previous weeks. Those inverted hammers showing buyers coming in as mentioned on earlier posts {image}
Hi bistolis

This market we trade is not what we think it is, looking at candles without knowing how the orders were executed inside is a recipe for disaster.
Any good bullish candle or up thrust candle is only caused by a sudden increase in selling limit orders entering the market. It’s pull back sellers get caught and not profit taking. It’s caused by limit orders and not market orders.

After looking at DOM for a few years, I got to understand that mostly Sellers liquidity creates bullish moves and also Ask spoofing also creates bullish moves. It’s not Buyers but 90% driven by limit orders.
The only time Buyers move the market is when the market becomes unbalanced and big players have to sweep into the market to push price upwards to create a balanced market again.

Also 50% of directional movement is not on purpose but rather a side effect of big player arbitrage. An example is hedge fund buying US shares and selling the US500, they will close out one side if they see a edge, whether it goes up or down is irrelevant.

Trading is hard enough, mainly because price moves against traders entry bias always. An example would be a special price at the supermarket where pork is being sold for $10 a kilo discount so everyone buys. Those same people also place long limit orders on the chart creating a bearish move. The bears see this and thinking they are smart, start loading up lots of sell limit orders above price. So now all liquidity is above price so we now get the pull back you were talking about. It’s generally about a 30% imbalance of sell limit orders to get bistolis’s profit taking candle.
Therefore it’s now sellers losing, before it flips back to buyers losing. The damage is caused by HFT algo’s from one of over 50 Quant trading firms that have coded their Algo’s to attack increasing limit order imbalance levels on the books.
Better to join them and piggyback their movements.

This still proves Stat’s strategy is correct, just don’t label green candles as buyers - it’s bloody well isn’t.

It’s a bitch of a game, makes you want to pull your hair out which explains why I have stuff all.
Trading thin liquidity at the boundary of the charts
  • #17,429
  • Nov 13, 2023 9:32pm Nov 13, 2023 9:32pm
Quoting Strat
{quote} BabaG showed me that not long after he joined the thread and he used it exactly as you described supposedly as a Terry Dawe modification. I used to use it but preferred the Fib Extension tool but now I just watch PA like a hawk. Anyway, to tickle your fancy, here is the chart you asked for {image}
Fancy has been tickled As you say ... watching like a hawk. Once the brain processes the line relationships one can very often see the levels simply by looking at the chart/candle pattern. Hence my request.
Thank you kindly.
  • #17,430
  • Nov 14, 2023 2:47am Nov 14, 2023 2:47am
Quoting RickM
{quote} Hi bistolis This market we trade is not what we think it is, looking at candles without knowing how the orders were executed inside is a recipe for disaster. Any good bullish candle or up thrust candle is only caused by a sudden increase in selling limit orders entering the market. It’s pull back sellers get caught and not profit taking. It’s caused by limit orders and not market orders. After looking at DOM for a few years, I got to understand that mostly Sellers liquidity creates bullish moves and also Ask spoofing also creates bullish...
Thanks for the input. I dont have any kind of market data. Only what I see on my charts. mostly my bias is based on my experience and to be thought of as 50% accurate (lol)
Mostly it is my way of creating a "story" in my head to try and get a sense of which direction to trade
  • #17,431
  • Nov 14, 2023 2:52am Nov 14, 2023 2:52am
Quoting Lou
{quote} Hello Strat.. following your posts but still only trading currencies. It's an Old Dog -- New Tricks thing . On the M1 S&P 500 posted chart... which I cannot call up on my own charting, I could not help but seeing a possible application of BABAG's use of the Fib Tool to find TP areas. BUT using Terry Dawe's important modification. Since the candles in the upper left corner are a DHLC pattern, Terry/BBG would use the pattern as a signal to use the Fib Tool to set possible TP areas. Terry's modification is to Put the 0 line at the top of the...
Lou , too many complications, too many rules I think
  • #17,432
  • Nov 14, 2023 7:33am Nov 14, 2023 7:33am
These kind of PA is what I look for prior to NY open, and it seems it is working before the news as well. Although I am NOT going to enter before that kind of red news anyway
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  • #17,433
  • Nov 14, 2023 8:29am Nov 14, 2023 8:29am
Quoting bistolis
{quote} Lou , too many complications, too many rules I think
I don't think so. Simply using the Fib Tool in a different way.
  • #17,434
  • Nov 14, 2023 9:10am Nov 14, 2023 9:10am
Quoting Lou
{quote} I don't think so. Simply using the Fib Tool in a different way.
If you feel comfortable using so many tools then go for it . I am just offering my opinion.
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  • #17,435
  • Nov 14, 2023 9:12am Nov 14, 2023 9:12am
I was going to enter again as shown below but i am abit tired watching PA. waiting for a trade now
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  • #17,436
  • Edited 12:28pm Nov 14, 2023 12:12pm | Edited 12:28pm
Quoting Strat
{quote} I think you are right that the sl on my first s/o was too tight. It should have been above the recent highs. Why did you put it there? PASR teaches the Stop Loss to be above/below the last recent swing PASR analysis from more experienced traders is - to some extent - subject to randomness. No, PASR is subjective based on the trader's understanding and experience with PASR. Yet throughout the years, PASR has not stopped to work. PASR is just a strategy, it is the trader's experience and understanding of PASR strategy has never failed
Why did you put it there?

I was approaching the trade with a trend trade mentality when it was clearly BASIC PASR at that point. This is why I always need 100 % focus, which is hard to achieve in today's world with too much input. I am working hard on cutting out disturbing things, sometimes they pop up unexpectedly though.

Quoting Strat
{quote} I have posted before about the pip inefficiency with GBPNZD. I suggest you specialise on GBPUSD or EURUSD. EURUSD has more volume especially during the London session. Choose whichever tickles your fancy and stick with it like no other - learn to dance, live and eat with her just as you would with a wife. You will be surprised how soon you feel as one with her so that you can make consistent profits and then, load up on position size. No need to believe me - just ask bistolis!
Yes, things have changed on GBPNZD. I am really fine with specialising on GBPUSD as I have done it before and my experience trading it has been positive overall. However, I am not really able to make time for it on a regular basis. The last weeks have clearly shown this. My life during London and NY session is just too busy. When I am done with all work and occupations, all the FX market does is chopping around.

The only thing I can do - from my point of view - is learning to understand NASDAQ, which has very good moves during my european evening time when I have one or two hours to relax a bit after work. Watching and trading very small on M5/M1 could be a start.

No need to believe me - just ask bistolis!

Why should I not believe you? You have been here for almost 15 years!
Fix up, trade sharp ...
  • #17,437
  • Nov 14, 2023 12:35pm Nov 14, 2023 12:35pm
6B M1 - no-brainer day across everything but here is GU again

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  • #17,438
  • Nov 14, 2023 1:03pm Nov 14, 2023 1:03pm
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  • #17,439
  • Nov 15, 2023 2:46am Nov 15, 2023 2:46am
learning to understand NASDAQ, which has very good moves during my european evening time when I have one or two hours to relax a bit after work. Watching and trading very small on M5/M1 could be a start.

I don't know how you can relax when trading
  • #17,440
  • Nov 15, 2023 3:45am Nov 15, 2023 3:45am
Quoting bistolis
learning to understand NASDAQ, which has very good moves during my european evening time when I have one or two hours to relax a bit after work. Watching and trading very small on M5/M1 could be a start. I don't know how you can relax when trading
Hi bistolis, thanks for pointing this out. I came in from a road trip yesterday and did not make it clear enough. What I mean is this: After my work usually ends, I have one or two hours to settle down a bit and relax before I start trading NASDAQ around 7pm in Europe. So I think this is better than chasing what is left from London FX session.
Fix up, trade sharp ...
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