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Strat's PASR Long Term, Stress Free Trading

  • #17,561
  • Dec 11, 2023 11:05am Dec 11, 2023 11:05am
M1 S&P 500 ES 03-24

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Anemic volume and volatility today making it ideal for scalping with Basic PASR

Entries and exits on M1 and M2
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,562
  • Dec 12, 2023 10:21am Dec 12, 2023 10:21am
S&P 500 ES 03-24

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Low volume and volatility with sluggish PA even for CPI news
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,563
  • Dec 12, 2023 10:53am Dec 12, 2023 10:53am
Quoting pipgreen
Hello everyone, first of all thx strat for this thread and for sharing your knowledge. im reading this thread for a while now and want to give my first analysis. Im not trading anything yet. Im reading and try to get a better understanding of immediate Trends / confirmed Swings and when to consider the Big Boss and the Boss are in Harmony. Hope to get some feedback. GBPCAD Big Boss (monthly) {image} GBPCAD Boss (weekly) {image} GBPCAD Worker (Daily) {image}
Welcome, pipgreen!

Your understanding is good, well done
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,564
  • Dec 12, 2023 10:58am Dec 12, 2023 10:58am
Quoting pipgreen
found the answer to my target question, in a wcc. {image}
Good, this shows you don't need spoon feeding and are willing to work (search) to find the answers
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,565
  • Dec 13, 2023 8:28am Dec 13, 2023 8:28am
Lots of things to do before Christmas, but still on the path with PASR ... good to see others being active and doing the work as well. Watch out for FOMC, I have closed my charts after a scalp on GBPUSD when I had the feeling it is becoming messy with M5 gaps on NASDAQ ...

I took a tiny loss earlier on the choppy PA, then grabbed the chance after PRICE showed its will to tumble down once more to get out with a small overall win ahead of the M1 200 EMA. My gut feeling now tells me to stay out for today ... at least until the FOMC dust has settled.
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Fix up, trade sharp ...
  • #17,566
  • Dec 13, 2023 1:40pm Dec 13, 2023 1:40pm
S&P 500 ES 03-24

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Looks like it will happen!
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,567
  • Dec 14, 2023 7:17am Dec 14, 2023 7:17am
Cable Basic M1 PASR:
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Fix up, trade sharp ...
  • #17,568
  • Dec 14, 2023 8:51am Dec 14, 2023 8:51am
Quoting Strat
{quote} By the time NY closes, I am usually in the land of nod as I need a certain amount of sleep to concentrate and feel alive during the day. Be careful not to sacrifice Health for Wealth! Health always comes before and trumps Wealth. Nicola (elitejets), in West Coast Canada, made herself seriously ill when she focused on Crude Oil by working her day job during the day and staying up all night trading Crude Oil during the London Session and eventually ended up in Hospital. She became successful trading Crude and moved back to the South of England...
I look for my actionable signals and set ups EOD at NY close. If there is a potential trade I will set my entry, stop and take profit expecting the move to begin its movement during the London session. Before retiring for the night I check the H4 one more time at 2100 hrs. ET.
Regards
Terry
  • #17,569
  • Dec 14, 2023 9:12am Dec 14, 2023 9:12am
Quoting TerryDawe
{quote} I look for my actionable signals and set ups EOD at NY close. If there is a potential trade I will set my entry, stop and take profit expecting the move to begin its movement during the London session. Before retiring for the night I check the H4 one more time at 2100 hrs. ET. Regards Terry
Yes, that seems very reasonable. Since EOD at NY Close is 2300 hrs. CET, I could never make it work with a day job in Germany starting early in the morning. This is why I had to drop down timeframes. The only workaround could be watching early in the morning and set orders if a setup is still valid 8 hours after NY close. Then again, Strat is right and too much is not good - health first.
Fix up, trade sharp ...
  • #17,570
  • Dec 14, 2023 12:06pm Dec 14, 2023 12:06pm
Making up for two prior losses plus a few on M1 Nasdaq PASR:

I still have so much to learn!
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Fix up, trade sharp ...
  • #17,571
  • Dec 22, 2023 5:14am Dec 22, 2023 5:14am
Fighting alone through Corona, all kind of troubles these last days before Christmas, supported only by the Power of the Shadow ...

Wish you a merry Christmas!
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Fix up, trade sharp ...
  • #17,572
  • Dec 22, 2023 4:43pm Dec 22, 2023 4:43pm
For those serious long term traders here is an example of a pair that did quite well recently.
As usual starting at the top with Big Boss and moving down.
First chart is the Big Boss with reversal signal 2up 2down and monthly targets marked in green. What a simple clean chart this is.
Second chart is the worker with same lines from the BB.
The targets combined with the strat shadow provided guidance for short trades all the way down.
Even though the BB is providing the direction, trading is done on the daily and conservative entry is break of the bottom of the November BB upper wick.
Once target 2 is hit, price goes into consolidation so still opportunities to trade PASR but pretty choppy so one may give back a lot of profit from move down.
Ideally look for another trending pair.
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  • #17,573
  • Edited Dec 23, 2023 12:31am Dec 22, 2023 10:59pm | Edited Dec 23, 2023 12:31am
Quoting TerryDawe
For those serious long term traders here is an example of a pair that did quite well recently. As usual starting at the top with Big Boss and moving down. First chart is the Big Boss with reversal signal 2up 2down and monthly targets marked in green. What a simple clean chart this is. Second chart is the worker with same lines from the BB. The targets combined with the strat shadow provided guidance for short trades all the way down. Even though the BB is providing the direction, trading is done on the daily and conservative entry is break of the...
Terry, are you an instructor ? Charts with explanation are ' precise, concise, and nice' . ( a quote from a very good professor )
  • #17,574
  • Dec 23, 2023 9:19am Dec 23, 2023 9:19am
Quoting Hickson
Making up for two prior losses plus a few on M1 Nasdaq PASR: I still have so much to learn! {image} {image}
Making up for two prior losses plus a few on M1 Nasdaq PASR: I still have so much to learn!

You are doing good on The Path
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,575
  • Dec 23, 2023 9:22am Dec 23, 2023 9:22am
Quoting Hickson
Fighting alone through Corona, all kind of troubles these last days before Christmas, supported only by the Power of the Shadow ... Wish you a merry Christmas! {image}
all kind of troubles these last days before Christmas, supported only by the Power of the Shadow

Sorry to hear that, Covid just drains everything out of you but keep fighting it.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,576
  • Dec 23, 2023 9:28am Dec 23, 2023 9:28am
Quoting TerryDawe
For those serious long term traders here is an example of a pair that did quite well recently. As usual starting at the top with Big Boss and moving down. First chart is the Big Boss with reversal signal 2up 2down and monthly targets marked in green. What a simple clean chart this is. Second chart is the worker with same lines from the BB. The targets combined with the strat shadow provided guidance for short trades all the way down. Even though the BB is providing the direction, trading is done on the daily and conservative entry is break of the...
For those serious PASR long term traders

Thanks, Terry.

I am surprised no-one has asked you to explain the "reversal signal 2up 2down" with the numbers 3, 2 and 2 but they must not be paying "serious" attention!
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,577
  • Dec 23, 2023 9:29am Dec 23, 2023 9:29am
Merry Christmas to one and all! Stay well and safe.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,578
  • Dec 23, 2023 9:41am Dec 23, 2023 9:41am
Quoting Strat
Merry Christmas to one and all! Stay well and safe.
And also with you, Strat.
  • #17,579
  • Dec 23, 2023 11:27am Dec 23, 2023 11:27am
Quoting Strat
{quote} all kind of troubles these last days before Christmas, supported only by the Power of the Shadow Sorry to hear that, Covid just drains everything out of you but keep fighting it.
Thank you for your wishes. I am already feeling good again. Today's fishing trip with a friend and loads of fish has restored my health. My wife is already feeling better as well and a few days without work will definitely help us too. Have a good celebration with your loved ones, Strat. Life is precious.
Fix up, trade sharp ...
  • #17,580
  • Dec 23, 2023 11:58am Dec 23, 2023 11:58am
Quoting Strat
{quote} For those serious PASR long term traders Thanks, Terry. I am surprised no-one has asked you to explain the "reversal signal 2up 2down" with the numbers 3, 2 and 2 but they must not be paying "serious" attention!
Yeah I was thinking the same thing but whatever. I know that I am doing quite well with my long term trading and it is unfortunate many are missing out on it.
I was thinking of explaining the numbers as that may increase the interest but not sure, what do you think?
Merry Christmas and all the best to you and your family in the new year.
Regards
Terry
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