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Strat's PASR Long Term, Stress Free Trading

  • #17,501
  • Nov 29, 2023 9:49pm Nov 29, 2023 9:49pm
Quoting TerryDawe
EURUSD long term stress free trading I haven't posted on this site for quite some time because I have tried to trade the short term time frames and it is definitely not for me. However I have been quite successful trading the longer term time frames and wanted to share with any members who are looking to trade the longer time frames. I have learned a great deal from Strat over the years and most recently have improved on management of price action. I mainly trade the USD pairs after trying the more volatile crosses and find that they suit my style....
Welcome back Terry, looking forward to your posts.
  • #17,502
  • Nov 30, 2023 12:48pm Nov 30, 2023 12:48pm
????? What the heck happened ??? I was just going to comment on Terry's post of his trade over night and it has disappeared.
  • #17,503
  • Nov 30, 2023 4:07pm Nov 30, 2023 4:07pm
Hey Lou,

The post is still there, just click on my name in the post and it should show the original charts.

Terry
  • #17,504
  • Nov 30, 2023 4:31pm Nov 30, 2023 4:31pm
Quoting TerryDawe
Hey Lou, The post is still there, just click on my name in the post and it should show the original charts. Terry
Hi.. I don't see the post . What is it's post # ?
  • #17,505
  • Edited 9:21am Dec 1, 2023 6:20am | Edited 9:21am
While it is all fine trading NAS100 with my broker, the spreads are totally off the mark. Today 1.9 and the usual spread of 1 is already too high here. Additional fees are also just a pain. For instance, I had a net loss of - 3.60 a few days ago, including spread and commissions. But they withdrew a fee of 20 as "provision" that is totally intransparent!

Another day, I closed out for a total net win of 7.80 and the "withdrawals" cost me around 20 again. Totally insane and will cause me to close the account and applying for a funded account program. The alternative is to trade real futures, but I have no idea where to trade this without depositing at least 25-30 k ... retail life is tough, so it is probably saving up or hopping from one bad service to another bad service.
Fix up, trade sharp ...
  • #17,506
  • Dec 1, 2023 7:55am Dec 1, 2023 7:55am
Hey Lou,
You are correct, the post is gone. I will sort it out.

Terry
  • #17,507
  • Dec 1, 2023 12:08pm Dec 1, 2023 12:08pm
Nice straddle on the M5 Chart, PASR working also with talking heads on the schedule ...
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Fix up, trade sharp ...
  • #17,508
  • Dec 1, 2023 12:12pm Dec 1, 2023 12:12pm
M1 S&P 500 ES 12-23

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Low volume and low volatility with nervous PA

Entries and exits taken on S30, M1 and M3

Been under the weather these last few days
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,509
  • Dec 1, 2023 12:28pm Dec 1, 2023 12:28pm
Quoting TerryDawe
EURUSD long term stress free trading I haven't posted on this site for quite some time because I have tried to trade the short term time frames and it is definitely not for me. However I have been quite successful trading the longer term time frames and wanted to share with any members who are looking to trade the longer time frames. I have learned a great deal from Strat over the years and most recently have improved on management of price action. I mainly trade the USD pairs after trying the more volatile crosses and find that they suit my style....
Welcome back, Terry, and good to see you posting again. It seems you have finally found your PASR style and time frame to suit your trading personality. You demonstrate the determination to succeed and I am really happy for you.

Bringing this thread back to "Long Term Stress Free Trading" is what it needs to again help those trading the longer time frames.

We look forward to your posts and "Long Term Stress Free" trading experience.

Even though I now trade PASR on faster time frames, everything in these 2 threads still applies no matter what the time frame is and over these last, coming up to 15 years on FF, has proven it to be a very robust and consistently profitable strategy.

Let's see how many "Long Term Stress Free" traders return "Home".
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,510
  • Dec 1, 2023 12:38pm Dec 1, 2023 12:38pm
Quoting Hickson
While it is all fine trading NAS100 with my broker, the spreads are totally off the mark. Today 1.9 and the usual spread of 1 is already too high here. Additional fees are also just a pain. For instance, I had a net loss of - 3.60 a few days ago, including spread and commissions. But they withdrew a fee of 20 as "provision" that is totally intransparent! Another day, I closed out for a total net win of 7.80 and the "withdrawals" cost me around 20 again. Totally insane and will cause me to close the account and applying for a funded account program....
But they withdrew a fee of 20 as "provision" that is totally nontransparent!

Another day, I closed out for a total net win of 7.80 and the "withdrawals" cost me around 20 again.

Hickson, Get The Hell Out of Dodge and find a new broker - who you have now is a THIEF!

The alternative is to trade real futures, but I have no idea where to trade this without depositing at least 25-30 k

Do a search on "Futures Brokers" - each broker determines their own margin requirements which differ greatly among brokers. Again, maybe ask bistolis if he can help since you are both in Europe.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,511
  • Dec 1, 2023 12:51pm Dec 1, 2023 12:51pm
Quoting Hickson
Nice straddle on the M5 Chart, PASR working also with talking heads on the schedule ... {image}
Nice straddle on the M5 Chart

Good job! With the right Market conditions, those "Straddle" trades can be "fill yer wellies" trades!

See my mark up for tips - especially remember my comments on the Strat Shadow relative to Trend Lines.

Be careful with that Resistance Zone - it must be accurate and, if you are a visual trader, will invite your "Little People" to a Party!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,512
  • Dec 2, 2023 11:15am Dec 2, 2023 11:15am
Quoting Strat
{quote} Welcome back, Terry, and good to see you posting again. It seems you have finally found your PASR style and time frame to suit your trading personality. You demonstrate the determination to succeed and I am really happy for you. Bringing this thread back to "Long Term Stress Free Trading" is what it needs to again help those trading the longer time frames. We look forward to your posts and "Long Term Stress Free" trading experience. Even though I now trade PASR on faster time frames, everything in these 2 threads still applies no matter...
Thanks Strat,
Have a great weekend

Regards
Terry
  • #17,513
  • Dec 3, 2023 5:33am Dec 3, 2023 5:33am
Quoting Strat
{quote} But they withdrew a fee of 20 as "provision" that is totally nontransparent! Another day, I closed out for a total net win of 7.80 and the "withdrawals" cost me around 20 again. Hickson, Get The Hell Out of Dodge and find a new broker - who you have now is a THIEF! The alternative is to trade real futures, but I have no idea where to trade this without depositing at least 25-30 k Do a search on "Futures Brokers" - each broker determines their own margin requirements which differ greatly among brokers. Again, maybe ask bistolis if he can...
Indeed! I have requested a withdrawal of the remaining funds. 150 down the drain (mostly from "fees") is more than enough for this "experience"! If I had the time, energy and money this could be a potential case for BAFIN, but instead I will move on as "business partners" like these are not worth my TIME!
Fix up, trade sharp ...
  • #17,514
  • Dec 3, 2023 2:11pm Dec 3, 2023 2:11pm
Quoting Hickson
{quote} Indeed! I have requested a withdrawal of the remaining funds. 150 down the drain (mostly from "fees") is more than enough for this "experience"! If I had the time, energy and money this could be a potential case for BAFIN, but instead I will move on as "business partners" like these are not worth my TIME!
$25k rule does not apply to Futures.
You could look at Tradestation : ( TS can be used with Tradingview chart package as can AMP and Tradovate)
In the UK they supply free data for Futures. Micro Futures ( Nasdaq, SP500 etc) require a small margin for intraday trading ( not holding trades overnight)
The intraday margins in other firms such as AMP ( example $50), Tradovate or Ninja are lower but you pay for data feed ( whether Level 2 or the cheaper Level 1)
You would need to contact them via phone or chat or email for clarification but they are better than the pirate you are dealing with at the moment.
Although you have these low margins you would be wise to have about $500 or more for trading the Micro's.
Maybe the above and others may be worth your investigation?
https://www.tradestation-internation...tures-trading/

CME website:https://www.cmegroup.com/markets/equ...l#venue=globex
Hope this helps as an introduction.
every Saint has a past. Every Sinner has a Future
  • #17,515
  • Edited 1:57pm Dec 4, 2023 1:13pm | Edited 1:57pm
M1 S&P 500 ES 12-23

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Low volume and volatility with jittery PA but good Structure

Switched to M5 at 8:45am

Entries and exits taken on M1, M3 and M5

M5 S&P 500 ES 12-23

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PASR copied more and more but still NEVER EQUALLED!
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,516
  • Dec 4, 2023 5:07pm Dec 4, 2023 5:07pm
One of my favourite patterns which occur over and over again.
The highlighted area is the weekly (Boss) hammer. I identify my hammers and shooting stars as such regardless of where they form. If a hammer forms at the top I call it a momentum hammer. Same for the shooting star but in the opposite direction. The failure of a hammer or shooting star for me is a signal in the opposite direction.
Once the weekly hammer appeared to be failing (indicated by the daily outside down candle on Monday with price barely breaking to the upside and then turning right around).
Early entry is to short below that candle. More conservative entry is break of the bottom of the Boss hammer which confirms its failure.
As of EOD today, price hit bottom of November BB low which coincided with the bottom of the shadow.
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  • #17,517
  • Dec 4, 2023 8:34pm Dec 4, 2023 8:34pm
Quoting TerryDawe
One of my favourite patterns which occur over and over again. The highlighted area is the weekly (Boss) hammer. I identify my hammers and shooting stars as such regardless of where they form. If a hammer forms at the top I call it a momentum hammer. Same for the shooting star but in the opposite direction. The failure of a hammer or shooting star for me is a signal in the opposite direction. Once the weekly hammer appeared to be failing (indicated by the daily outside down candle on Monday with price barely breaking to the upside and then...
Nice trade and explanation. I see that the arrow is pointing to a Double High Lower Close. Which I also like to see even on lower TFs.
  • #17,518
  • Dec 5, 2023 7:26am Dec 5, 2023 7:26am
Quoting turnip15
{quote} $25k rule does not apply to Futures. You could look at Tradestation : ( TS can be used with Tradingview chart package as can AMP and Tradovate) In the UK they supply free data for Futures. Micro Futures ( Nasdaq, SP500 etc) require a small margin for intraday trading ( not holding trades overnight) The intraday margins in other firms such as AMP ( example $50), Tradovate or Ninja are lower but you pay for data feed ( whether Level 2 or the cheaper Level 1) You would need to contact them via phone or chat or email for clarification but they...
Hello turnip, thanks for the hints and hope you are well! Yes, there are also introducing brokers to IB - which still leads to the question if it is not best to train and save up for the real broker. After all these years I am tired of bucket shops disguised as reputable (as my latest one). You can meet your little people at every broker, but it seems there are not too many that allow you to earn money nowadays even after there have been regulations in the past. However, regulations without a strong arm remain a paper tiger ...
Fix up, trade sharp ...
  • #17,519
  • Dec 5, 2023 1:35pm Dec 5, 2023 1:35pm
Erratic and choppy PA on NAS100 today. Saw the signs too late on M1 and lost +1 R floating profit at BE. Calling it a day after this mistake, it was a bit fast for me.
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Fix up, trade sharp ...
  • #17,520
  • Dec 5, 2023 3:42pm Dec 5, 2023 3:42pm
Update on EURJPY short:
Since entry below outside candle at top of chart, just walking stop down EOD to most recent daily high. So far seven red candles and fully expect to get stopped out anytime soon but as of now no reversal signals telling me to get out.
Long Term Stress Free Trading................
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