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Strat's PASR Long Term, Stress Free Trading

  • #17,521
  • Dec 5, 2023 4:00pm Dec 5, 2023 4:00pm
EURUSD:
Short below reversal candle at top of BB high
Stops can be seen highlighted from initial entry stop and trailing stop down with each new daily candle EOD.
Five red daily candles since start of move and so far no reversal signals so stay in until stopped out.
Long Term Stress Free Trading.................
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  • #17,522
  • Dec 5, 2023 4:22pm Dec 5, 2023 4:22pm
AUDJPY:
Early short stopped out, entry on second attempt.
Numbers 3 1 and 2 are numbers I assign to outside, inside and directional candles.
This particular pattern is a strong PA signal in either direction, in this case down.
Final target should be bottom of November BB but if it doesn't make it, daily trailing stops will determine end of trade.
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  • #17,523
  • Dec 5, 2023 4:34pm Dec 5, 2023 4:34pm
GBPJPY:
Self Explanatory
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  • #17,524
  • Dec 6, 2023 12:27pm Dec 6, 2023 12:27pm
M1 Bootcamp, my very humble "learn how to dance" course ... two wins (first entry a bit late to the party), second flipped to long after a tiny loss when PASR told me so ...
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Fix up, trade sharp ...
  • #17,525
  • Dec 6, 2023 12:39pm Dec 6, 2023 12:39pm
M3 DAX FDAX 12-23

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Fed up of getting dicked around by US Indices this week so today decided to try DAX.

So regular, smooth and trendy!

Is this typical of DAX or is it just a one off for today? If typical, will have to study DAX in more detail.

Can anyone out there help with statistics, times of heavy volume/dead volume, market opens and closes etc?
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,526
  • Dec 6, 2023 1:02pm Dec 6, 2023 1:02pm
Quoting Strat
M3 DAX FDAX 12-23 {image} Fed up of getting dicked around by US Indices this week so today decided to try DAX. So regular, smooth and trendy! Is this typical of DAX or is it just a one off for today? If typical, will have to study DAX in more detail. Can anyone out there help with statistics, times of heavy volume/dead volume, market opens and closes etc?
Hello Strat, have not taken a look at DAX for ages, but it seems today was ultra smooth when I see your chart compared to the NASDAQ mess I had to trade today. You might go back and study FXentropys charts on DAX as he used to trade it a lot. Maybe it helps you - the question is, if it has changed a lot over the years. I remember it had a tendency to trend strongly, but somehow lost it out of sight. Some DAX expert might chime in here.
Fix up, trade sharp ...
  • #17,527
  • Edited Dec 7, 2023 4:44am Dec 6, 2023 5:58pm | Edited Dec 7, 2023 4:44am
Quoting Strat
M3 DAX FDAX 12-23 {image} Fed up of getting dicked around by US Indices this week so today decided to try DAX. So regular, smooth and trendy! Is this typical of DAX or is it just a one off for today? If typical, will have to study DAX in more detail. Can anyone out there help with statistics, times of heavy volume/dead volume, market opens and closes etc?
Hi Strat,
DAX has two openings and two closes, XFRA (Frankfurt open GMT -1 one hour before London open) and XETRA (Zurich open, coincides with London open), for intraday I trade XETRA open and often finish when XFRA closes, yes it sounds confusing, best to look on internet to get your own bearing. To make it simple I trade from London open, take advantage of rumors and expectation before the major news is released in the US, the news being released often an hour before the NYSE opening. Often DAX follows US indices, at times NASDAQ is the one closely followed. DAX reaction to the major US news release is often slower, or a bit muted compared to the US indices. DAX is influenced by some other specific news releases by its own, and is also sensitive to USD index, VIX ect. Trading from UK makes it more natural to start trading DAX at the London open, together with trading pre-market open NASDAQ. DAX at times proposes good opportunities when its reaction to the US indices is "delayed" till the following morning, and this reaction when confirmed by PA is often well done within the first 3-4hrs of XETRA (Zurich mix session), after which is the US data release, followed by NYSE open, when at times "muted"DAX just holds and follows US.
Otherwise I follow many of the insights that I apply to trading other indices like PA, gaps trend ect.
If you like have a look at Brixen, he is a profitable DAX trader and assumes that principles like PA and others are already firmly established in those who peruse his threads. You might enjoy the music posted within the 1st post.
https://www.forexfactory.com/thread/...-december-2023

This is very selective and chaotic kind of intro to DAX. Like DOW and NASDAQ I trade DAX cash and Quarterly Futures.
Make sure losses are small and profits are bigger!
  • #17,528
  • Edited 9:41am Dec 7, 2023 9:24am | Edited 9:41am
Quoting TerryDawe
GBPJPY: Self Explanatory {image}
Good Morning Terry.
Great Trade on GJ . With today's low ... did you make around 570 pips ?


And now going lower.
  • #17,529
  • Dec 7, 2023 11:08am Dec 7, 2023 11:08am
M3 S&P 500 ES 12-23

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Entries and exits taken on M1 and M3

Just when I thought I had found a new love she rejected my advances so its back to US Indices with ES!

The fickle nature of the Markets this week has me as nervous as a whore at a Policeman's Ball so my Number 1 Rule is overruling everything including PASR which caused me to miss PASR Sore Thumb trades I would normally have taken.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,530
  • Edited 9:19am Dec 8, 2023 9:08am | Edited 9:19am
Quoting Lou
{quote} Good Morning Terry. Great Trade on GJ . With today's low ... did you make around 570 pips ? And now going lower.
Hey Lou,
Yeah yesterday was an absolute crazy day. When I got up and opened my charts I was amazed at the change overnight but fortunately I was on the right side of the trade. Although given our strategy here, we should always be on the right side if we are following our plan.
Two of the three Boss targets have been hit and we how have an inside day on last day of the week so trade closed for 630 pips.
Have a good weekend.
Regards
Terry
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  • #17,531
  • Dec 8, 2023 11:05am Dec 8, 2023 11:05am
M2 S&P 500 ES 12-23

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Entries and exits taken on M1 and M2

London is done for the weekend and so am I
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,532
  • Dec 8, 2023 11:22am Dec 8, 2023 11:22am
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 turning...
One of my favourite patterns which occur over and over again

Great example of the fractal nature of the markets. I trade this same pattern everyday on the shorter time frames.

Hope you don't mind, Terry, I have marked up PASR for those not understanding what these 2 threads are all about.

Here is more confirmation and confidence to take the trade(s):

There is DIVERGENCE between PRICE and the STRAT SHADOW - see the 2 blue lines.

Thanks for posting, Terry

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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,533
  • Dec 8, 2023 11:30am Dec 8, 2023 11:30am
Quoting Hickson
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. {image}
Erratic and choppy PA on NAS100 today

That is NASDAQ! While it trends nicely when the Tech Stocks are hot, it can be a MFSOB when not trending and does my head in. I suggest to build your short term time frame experience on S&P 500 or DOW.

Barbaresco can probably add more statistics when he gets back from yachting to the Caribbean.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,534
  • Dec 8, 2023 11:34am Dec 8, 2023 11:34am
Quoting TerryDawe
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................ {image}
Long Term Stress Free Trading................

Very well explained Terry - better than I did earlier in the thread!

So far seven red candles and fully expect to get stopped out anytime soon

Is this because you have found some significance with 7 red candles?
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,535
  • Dec 8, 2023 11:39am Dec 8, 2023 11:39am
Quoting TerryDawe
AUDJPY: Early short stopped out, entry on second attempt. Numbers 3 1 and 2 are numbers I assign to outside, inside and directional candles. This particular pattern is a strong PA signal in either direction, in this case down. Final target should be bottom of November BB but if it doesn't make it, daily trailing stops will determine end of trade. {image}
Numbers 3 1 and 2 are numbers I assign to outside, inside and directional candles.

I am surprised no one has asked how you assign these numbers and use them in your trading but there again it seems there is little interest in Long Term Stress Free Trading.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,536
  • Dec 8, 2023 11:59am Dec 8, 2023 11:59am
Quoting Hickson
M1 Bootcamp, my very humble "learn how to dance" course ... two wins (first entry a bit late to the party), second flipped to long after a tiny loss when PASR told me so ... {image}
M1 Bootcamp, my very humble "learn how to dance" course ... two wins (first entry a bit late to the party), second flipped to long after a tiny loss when PASR told me so ...

Well done - you don't have 2 left feet so that is good!

I have marked up what I see in my trading:

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,537
  • Dec 8, 2023 12:02pm Dec 8, 2023 12:02pm
Quoting Hickson
{quote} Hello Strat, have not taken a look at DAX for ages, but it seems today was ultra smooth when I see your chart compared to the NASDAQ mess I had to trade today. You might go back and study FXentropys charts on DAX as he used to trade it a lot. Maybe it helps you - the question is, if it has changed a lot over the years. I remember it had a tendency to trend strongly, but somehow lost it out of sight. Some DAX expert might chime in here.
FXentropy

He posted with us for quite some time and provided valuable food for thought
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,538
  • Dec 8, 2023 12:07pm Dec 8, 2023 12:07pm
Quoting 2be
{quote} Hi Strat, DAX has two openings and two closes, XFRA (Frankfurt open GMT -1 one hour before London open) and XETRA (Zurich open, coincides with London open), for intraday I trade XETRA open and often finish when XFRA closes, yes it sounds confusing, best to look on internet to get your own bearing. To make it simple I trade from London open, take advantage of rumors and expectation before the major news is released in the US, the news being released often an hour before the NYSE opening. Often DAX follows US indices, at times NASDAQ is the...
Thanks 2be and as usual very informative and valuable information

Trading from UK makes it more natural to start trading DAX at the London open,

Indeed, that's why it makes more sense for me to stick with US Indices (my geographical trading session)
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,539
  • Dec 8, 2023 12:07pm Dec 8, 2023 12:07pm
Quoting Strat
{quote} One of my favourite patterns which occur over and over again Great example of the fractal nature of the markets. I trade this same pattern everyday on the shorter time frames. Hope you don't mind, Terry, I have marked up PASR for those not understanding what these 2 threads are all about. Here is more confirmation and confidence to take the trade(s): There is DIVERGENCE between PRICE and the STRAT SHADOW - see the 2 blue lines. Thanks for posting, Terry {image}
Strat... regarding the pattern you mention. are you referring to the DHLC set ups or are you looking at the M pattern on this chart which involves about 10 candles ?
I have been 'scouting' the DHLC this past week or so ... on Lower time frames.
  • #17,540
  • Dec 8, 2023 12:12pm Dec 8, 2023 12:12pm
Quoting TerryDawe
{quote} Hey Lou, Yeah yesterday was an absolute crazy day. When I got up and opened my charts I was amazed at the change overnight but fortunately I was on the right side of the trade. Although given our strategy here, we should always be on the right side if we are following our plan. Two of the three Boss targets have been hit and we how have an inside day on last day of the week so trade closed for 630 pips. Have a good weekend. Regards Terry {image}
Two of the three Boss targets have been hit and we how have an inside day on last day of the week so trade closed for 630 pips.

So proud of you, Terry - you remind me of my trading a couple of decades ago when I developed PASR

Definitely LONG TERM STRESS FREE TRADING unlike my short time frame trading which, at times, incurs a little stress.
15 YEARS OF PASR ON FOREX FACTORY!
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