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Strat's PASR Long Term, Stress Free Trading

  • #17,621
  • Jan 2, 2024 11:32am Jan 2, 2024 11:32am
Quoting bistolis
{image}
very clean chart
  • #17,622
  • Jan 2, 2024 7:11pm Jan 2, 2024 7:11pm
As much as I would like to share, I think I will stop posting on this thread.
The focus on micro time frames is not really my thing.
Good luck on your trading
  • #17,623
  • Jan 2, 2024 8:03pm Jan 2, 2024 8:03pm
Quoting TerryDawe
As much as I would like to share, I think I will stop posting on this thread. The focus on micro time frames is not really my thing. Good luck on your trading
Sorry to hear that, Terry.
I would like to follow your posts and engage in discussion. Please let me know your plans.
Thank you kindly.
  • #17,624
  • Jan 2, 2024 11:46pm Jan 2, 2024 11:46pm
Quoting TerryDawe
As much as I would like to share, I think I will stop posting on this thread. The focus on micro time frames is not really my thing. Good luck on your trading
Happy new year greetings to everyone.
TerryDawe, for the sake of few of us,
Please do not give action to this thought.
Your charts always reminds us of what this thread actually is.
We desire you continue to share.
Thank you
  • #17,625
  • Jan 3, 2024 6:09am Jan 3, 2024 6:09am
Quoting TerryDawe
As much as I would like to share, I think I will stop posting on this thread. The focus on micro time frames is not really my thing. Good luck on your trading
Very sorry to hear. I have learnt a lot from your posts and it could help me working on a way to trade higher TFs even though my NY close is during my night time (H4 solutions). You could ignore the lower TF posts. Yet if your decision is to abandon the thread, I wish you good luck and all the best.
Fix up, trade sharp ...
  • #17,626
  • Jan 3, 2024 7:17am Jan 3, 2024 7:17am
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  • #17,627
  • Jan 3, 2024 9:20am Jan 3, 2024 9:20am
M1 S&P 500 ES 03-24

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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,628
  • Jan 3, 2024 9:33am Jan 3, 2024 9:33am
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Unbelievable!

This is absolute proof that you lot are just TAKERS and not GIVERS!

You want Terry to spend (waste) his time posting his charts and explanations for you lot to benefit BUT you are not prepared to actively participate with him to progress his, and yours, trading experience.

There is no further point in any of us posting on here which I have realised now for a long time so this will be MY last post also.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,629
  • Jan 3, 2024 9:43am Jan 3, 2024 9:43am
Quoting Hickson
{quote} Very sorry to hear. I have learnt a lot from your posts and it could help me working on a way to trade higher TFs even though my NY close is during my night time (H4 solutions). You could ignore the lower TF posts. Yet if your decision is to abandon the thread, I wish you good luck and all the best.
Thanks for the kind words, it's very nice of you.
I would think that regardless of your time zone, you should be able to trade the longer term with no difficulty.
Look at the weekly chart at the end of each week and there will either be an actionable signal or not.
If there is, set your trade with entry and stop at any time the following week when the market opens.
Easily follow your trade on the lower time frames but don't be tempted to start trading it as a short term trade.

examples attached of a few pairs you could be short this week from last weeks actionable signals.
Not to mention the USDCAD weekly I posted the other day. Here is an updated including the worker chart and how it is progressing toward the weekly target.
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Click to Enlarge Name: ^NZDUSD-03_Jan_2024_12_41.png Size: 13 KB
Click to Enlarge Name: ^EURUSD-03_Jan_2024_12_40.png Size: 12 KB
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  • #17,630
  • Edited Jan 4, 2024 11:31am Jan 3, 2024 12:02pm | Edited Jan 4, 2024 11:31am
Quoting Strat
{image} {image} {image} Unbelievable! This is absolute proof that you lot are just TAKERS and not GIVERS! You want Terry to spend (waste) his time posting his charts and explanations for you lot to benefit BUT you are not prepared to actively participate with him to progress his, and yours, trading experience. There is no further point in any of us posting on here which I have realised now for a long time so this will be MY last post also.
Hi Strat,
I do understand you, have been there myself on few occasions, however I never say never, just waste of energy. If it comes so - let it be, in my case.
I occasionally post few trades and describe how I trade and see things related to trading, and I am emotionally not invested if and when I am ignored, questioned or criticised.
I try not to waste time trying to understand too many traders approaches or make others agree with my style.
I occasionally drop a post here and there and/or enter my journal, but it is not a well organised and frequented activity.
My main approach to trading has not changed for years, no need for that. I still study a lot of different things, and on a good days sailing takes priority over day trading and so does family and friends.

PA rules apply to each and every TF, personally I like gearing principle/s, and I also apply it to different TFs.
I am also of the opinion that trading longer TFs is less demanding, at least for me, and present a well organised progression, some might call it that on a longer TFs market is "more predictable", though that opinion has to be applied with caution and with all the safety arrangements in place.

Saying the above, when I hear that my posts have been of some use I am pleased that I might have pointed somebody in the direction that might be of assistance. I do not suggest that anyone should copy my approach, and insist that everyone has to develop their own as we are each different, sharing that same vaguely similar idea of profit taking.

Strat, your time has not been waisted, but to a degree I do understand your disappointment , it has happened many, many times before and it is not pleasant.
Forums and threads go trough that cycle, while one gets the desired harvest and generally enjoys life.
Take good care for yourself, trade well and enjoy life.

Keep well, stay healthy and be blessed,

Best wishes,

2be
Make sure losses are small and profits are bigger!
  • #17,631
  • Jan 3, 2024 5:43pm Jan 3, 2024 5:43pm
Quoting Strat
{image} {image} {image} Unbelievable! This is absolute proof that you lot are just TAKERS and not GIVERS! You want Terry to spend (waste) his time posting his charts and explanations for you lot to benefit BUT you are not prepared to actively participate with him to progress his, and yours, trading experience. There is no further point in any of us posting on here which I have realised now for a long time so this will be MY last post also.

Ancient Wisdom

> only the ones who do the work and participate here will learn

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #17,632
  • Jan 4, 2024 12:15am Jan 4, 2024 12:15am
Quoting TerryDawe
{quote} Thanks for the kind words, it's very nice of you. I would think that regardless of your time zone, you should be able to trade the longer term with no difficulty. Look at the weekly chart at the end of each week and there will either be an actionable signal or not. If there is, set your trade with entry and stop at any time the following week when the market opens. Easily follow your trade on the lower time frames but don't be tempted to start trading it as a short term trade. examples attached of a few pairs you could be short this week...
Dear Terry, pointing towards the weekly chart as a solution is something that did not really come across my mind lately as I was too focused on different stuff, but it is quite smart. It usually gives a good road map for the next weeks to come (not forgetting the BIG BOSS, of course), so maybe my thinking was too rigid in terms of having the trinity of BIG BOSS, BOSS, WORKER as it would be the only thing to make it work on higher TFs in the end. Your USDCAD is a very good example with the perfect hammer. Once you have a close above the WCC, confirming it as a swing low, it could make it a potential "fill yer' wellies" trade. However, you have marked a very reasonable target for the trade.

I originally tried to make it work on the daily years ago, but always had problems with my day job and other things crossing along the way. I would miss taking profits after NY close when the bar was open longer than expected (I used to work there, not drink!). Nowadays in a different job tasks are usually so demanding that I can barely make it past ten in German time and then get up early. All this has led me to the insight that I can only make time for focused trading a few hours during the day - usually in illiquid times for FX - and work on trading indices on shorter time frames to build skills. It is not that I had no interest in trading the higher timeframes, quite the opposite.

Thank you for giving me a new perspective on finding an approach trading higher timeframes and also on showing your targets on very clear charts. So I will practice a weekly analysis to better understand how I can find a setup that fits my schedule. Setting an order on monday morning should be doable even for me ... I am sorry I could not contribute a lot to long term trading during the last time ... I thought it was best to master one thing first than being the proverbial jack of all, master of none.
Fix up, trade sharp ...
  • #17,633
  • Jan 4, 2024 12:54am Jan 4, 2024 12:54am
Quoting Strat
{image} {image} {image} Unbelievable! This is absolute proof that you lot are just TAKERS and not GIVERS! You want Terry to spend (waste) his time posting his charts and explanations for you lot to benefit BUT you are not prepared to actively participate with him to progress his, and yours, trading experience. There is no further point in any of us posting on here which I have realised now for a long time so this will be MY last post also.
Why? I have not asked him to post if he does not want to and instead tried to express my appreciation for his sharings. As you may remember, I have a lot on my plate during the day time and decided to start on lower time frames with a very narrow range of assets. I also post my trades here with explanations and charts and also discuss my thoughts behind them.
Terry's charts are something to study for me, but it takes time and I am not yet someone who can bring new insights to a long term trader like Terry when it comes to trading higher timeframes. So my apologies if I could not write an answer until now, but maybe your expectations are a bit too high towards someone who can only dedicate 2 or 3 hours a day for trading and still has to find a way. I will continue posting and explaining my trades, no matter the outcome. If you have a suggestion what I can do to be better in my circumstances, I am open to hear it.
Fix up, trade sharp ...
  • #17,634
  • Jan 9, 2024 8:30am Jan 9, 2024 8:30am
Quoting TerryDawe
{quote} Thanks for the kind words, it's very nice of you. I would think that regardless of your time zone, you should be able to trade the longer term with no difficulty. Look at the weekly chart at the end of each week and there will either be an actionable signal or not. If there is, set your trade with entry and stop at any time the following week when the market opens. Easily follow your trade on the lower time frames but don't be tempted to start trading it as a short term trade. examples attached of a few pairs you could be short this week...
Said I was not going to post on here due to lack of interest in long term trading but felt I wanted to follow up some potential long term set ups so as of today.
NZDUSD target hit
EURUSD target hit
USDCAD target hit
Gold hasn't reached target yet so watching worker for signs of reversal but so far still bearish
Attached Image(s) (click to enlarge)
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  • #17,635
  • Jan 12, 2024 6:32am Jan 12, 2024 6:32am
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  • #17,636
  • Jan 12, 2024 6:41am Jan 12, 2024 6:41am
Quoting TerryDawe
{quote} Said I was not going to post on here due to lack of interest in long term trading but felt I wanted to follow up some potential long term set ups so as of today. NZDUSD target hit EURUSD target hit USDCAD target hit Gold hasn't reached target yet so watching worker for signs of reversal but so far still bearish {image} {image} {image} {image}
So it took almost this whole week to hit Boss target but did it yesterday
Attached are the Boss chart as well as the worker showing the daily moves that it took to get there
Once Boss target hit, time to look for potential reversal and we got a 2 2 reversal signal yesterday on the worker
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  • #17,637
  • Jan 12, 2024 6:59am Jan 12, 2024 6:59am
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  • #17,638
  • Jan 12, 2024 7:56am Jan 12, 2024 7:56am
Quoting TerryDawe
{quote} So it took almost this whole week to hit Boss target but did it yesterday Attached are the Boss chart as well as the worker showing the daily moves that it took to get there Once Boss target hit, time to look for potential reversal and we got a 2 2 reversal signal yesterday on the worker {image} {image}
Interesting way of setting very reachable targets. How have you managed missing a potential long term trade though? If you have a fixed target, you do not allow PASR to show the way and when to exit, if I understand correctly? Well, obviously it is working for you, which is good. When I was using a fixed target, I found that very rigid and it engaged my little people. It shows again that trading is very individual and there is no one size that fits all.
Fix up, trade sharp ...
  • #17,639
  • Jan 12, 2024 8:19am Jan 12, 2024 8:19am
M1 S&P 500 ES 03-24

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Small loss in the white rectangle - have no idea why I traded against the Strat Shadow - can only think it's a "walking on water" thing after yesterday's monster trading.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,640
  • Jan 12, 2024 9:49am Jan 12, 2024 9:49am
M1 S&P 500 ES 03-24

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Decided to continue even though volatility and volume has dropped off as I need to get back in my "normal" groove after yesterday's easy trading.
15 YEARS OF PASR ON FOREX FACTORY!
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