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Strat's PASR Long Term, Stress Free Trading

  • #17,941
  • May 23, 2024 1:56pm May 23, 2024 1:56pm
Quoting Strat
{quote} Good to see you are still here, Hickson!
The tortoise is crawling on. I did not make any trades this year since I found it pointless without the right broker and right plan. You may remember that my last broker played me with insane commissions and I ran from there as fast as I could. Currently undergoing an opening process, getting a futures data fee from CME and then slowly taking it from there using e-mini contracts to survive as long as it takes is the plan.

Quoting Strat
{quote} Since you mention "wobble areas", there were a couple today on M5 - see black rectangle. {image}
To me these are the least problematic wobble areas. They are not very volatile and with trend, so should not cause us much pain. The problem to me are volatile, erratic counter spikes or major "outta control" wobbles. It is an art to detect them in time and stay out of them.
Fix up, trade sharp ...
  • #17,942
  • May 24, 2024 12:32pm May 24, 2024 12:32pm
Quoting Hickson
{quote} The tortoise is crawling on. I did not make any trades this year since I found it pointless without the right broker and right plan. You may remember that my last broker played me with insane commissions and I ran from there as fast as I could. Currently undergoing an opening process, getting a futures data fee from CME and then slowly taking it from there using e-mini contracts to survive as long as it takes is the plan. {quote} To me these are the least problematic wobble areas. They are not very volatile and with trend, so should not...
The problem to me are volatile, erratic counter spikes or major "outta control" wobbles. It is an art to detect them in time and stay out of them.

I don't think there is a way to detect "erratic counter spikes or major "outta control" wobbles" before they happen. You just have to use good Risk and Money Management to preserve your capital.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,943
  • May 24, 2024 12:35pm May 24, 2024 12:35pm
M2 MES 06-24

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Finally getting over jet lag
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,944
  • May 24, 2024 12:37pm May 24, 2024 12:37pm
Quoting Hickson
{quote} Have a good trip and stay safe!
Have a good trip and stay safe!

Thank you, Hickson
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,945
  • May 24, 2024 12:40pm May 24, 2024 12:40pm
Quoting bistolis
A bit late to the party today. I will update when I close the position{image} I dont like that confluence of EMAs and i am out (didnt take that long to update lol) {image} I cant seem to focus today so I will stop even though I am slightly negative today. If I continue i will end up slightly more negative Screwed up the first half an hour of NY open with bad trade management
I cant seem to focus today so I will stop even though I am slightly negative today. If I continue i will end up slightly more negative Screwed up the first half an hour of NY open with bad trade management

Wise man, bistolis.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,946
  • May 24, 2024 12:43pm May 24, 2024 12:43pm
Quoting bistolis
A small scalp before the news {image}
small scalp before the news

Looks big to me!
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,947
  • May 24, 2024 12:49pm May 24, 2024 12:49pm
Quoting bistolis
DOW fooled me today. I managed only 30 pips total. Bad management {image} compared to how it played out I was correct but my little people got me (again) Everything was aligned and I should know better to hold the trade for more profit {image} this would have been the correct exit point {image}
DOW fooled me today. I managed only 30 pips total. Bad management

Suggest you study volume and when understood, add to your charts. Unlike Forex, volume on Futures is actual exchange volume and therefore very accurate especially the higher the time frame - like everything else technical.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,948
  • May 24, 2024 12:50pm May 24, 2024 12:50pm
Quoting TerryDawe
{image}
Good stuff, Terry!
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,949
  • May 24, 2024 12:53pm May 24, 2024 12:53pm
Quoting first_major
I am wondering, with Strat's Permission and teams engagment. will it be fine if someone like me, who has been a memeber of STRAT's websites since 2015 can post analysis ( NOT FOR TRADING) but instead just to be corrected and guided. I have never traded though, and still not planning to do so yet. as before i found strat i lost big time. So evey now and then, i come back and refresh my memory, and just monitor the market and see what i learnt. the thing is, i have reached a point where i can understand more what i see. and would like to be corrected...
I am wondering, with Strat's Permission and teams engagment. will it be fine if someone like me, who has been a memeber of STRAT's websites since 2015 can post analysis ( NOT FOR TRADING) but instead just to be corrected and guided.

Go ahead, that is why I created the thread but unless you actually trade, what is the point?
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,950
  • May 24, 2024 1:16pm May 24, 2024 1:16pm
Quoting first_major
To sync in. Up to my readings, I am still using the 9 ema 20 ema 73 ema (Correct me if I am wrong) I still , as a newbie will only stick to the stress free analysis, BB,B,W time frames. As the smaller ones (TFs) the pros are trading are way way ahead of my expertise. This post is for me to learn where i am mistaken. I Hope the pros can point to me where i did wrong. if my MAs are right, if my analysis is in sync with PASR or not, and if i am leanring correctly. EUR/USD BigBoss : - in relation to the MAs , pair seems to be sideways. - Last 5 candles...
I am still using the 9 ema 20 ema 73 ema

72 ema NOT 73

BigBoss :
- in relation to the MAs , pair seems to be sideways. Not only MAs but also PA
- Last 5 candles are bearish trend Yes
- There is a bearish pin bar below the MAs THERE ARE NO PIN BARS in PASR! Plus it didn't qualify for your "pin" bar!
- Followed by a bearish candle on S/R Levels, also below MAs Yes
- Candles respecting the bearish Trendline drawn above them Yes

Boss :
- in relation to the MAs , pair seems to be sideways. PA is making H-L-LH-LL
- There is a bearish BEEB bar below the MAs Yes
- Candles respecting the bearish Trednline drawn above them Yes
- However price approaching Support that became resistance which is in confluence with the resistance trendline Yes
You missed a significant SHOOTING STAR

Worker :
- in relation to the MAs , MAs have crosses, 9 above the 20. Yes
- Price inside the shadow Yes
- Candles respecting the bearish Trednline drawn above and below them Depends how and where you draw the trend lines
- However price broke the resistance and formed a Bullish BUEB bar Above the cross of the MAs Yes
Again you have missed PA making H-L-HH-HL

In Summary:
Monthly: Bearish
Weekly: Bearish
Daily: Here is where I am confused, the setup seems to be very clearly bullish, nice price action.
The only downfall is that this bullish bar is right at resistance, which might be what STRAT and the team would say that is big players getting pending orders filled and resume downtrend

Study and UNDERSTAND the POWER OF TIME FRAMES before you go any further
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,951
  • May 24, 2024 1:19pm May 24, 2024 1:19pm
Quoting TerryDawe
I'm not sure if Strat mentioned this on the FF site or his personal site but it basically states the most important S/R levels are the most recent. Using the BB as the base, it does provide some interesting trading opportunities on the lower time frames.
the most important S/R levels are the most recent.

It is somewhere in both threads, Terry. I also made sure everything from my private website was included in them
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,952
  • May 24, 2024 1:21pm May 24, 2024 1:21pm
[quote=TerryDawe;14866605]{quote} You mention the bullish candle in your summary and that you were confused. At this time the BB and Boss are both green candles so follow through of the outside candle is not that unexpected. First target hit at top of worker control candle. {image} {image}[/
quote]

You mention the bullish candle in your summary and that you were confused. At this time the BB and Boss are both green candles so follow through of the outside candle is not that unexpected. First target hit at top of worker control candle.

Good job, thank you, Terry
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,953
  • May 24, 2024 1:27pm May 24, 2024 1:27pm
Quoting 2be
{quote} For intra day trading I use the gearing between M30 to M5 extensively. One on the charting software I use displays any and all drawn simple objects like rectangular boxes or trendlines on all open charts of a given instrument, very useful, even when I put a cursor lets say on M30, it s indicated as a vertical box on lower TFs , or as a line on higher TFs, so one can see PA inside that M30 bar on M5 or whichever other TF one wishes to examine that PA. That also applies to fibs, also useful with significant WRB, useful for beginners, as experienced...
For intra day trading I use the gearing between M30 to M5 extensively. One on the charting software I use displays any and all drawn simple objects like rectangular boxes or trendlines on all open charts of a given instrument, very useful, even when I put a cursor lets say on M30, it s indicated as a vertical box on lower TFs , or as a line on higher TFs, so one can see PA inside that M30 bar on M5 or whichever other TF one wishes to examine that PA.

I used to do similar but now I only have one M30 chart on my screen with all my workings on and then toggle down to M5 and M1 for entries and exits.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,954
  • May 26, 2024 11:21pm May 26, 2024 11:21pm
Quoting Strat
{quote} I am wondering, with Strat's Permission and teams engagment. will it be fine if someone like me, who has been a memeber of STRAT's websites since 2015 can post analysis ( NOT FOR TRADING) but instead just to be corrected and guided. Go ahead, that is why I created the thread but unless you actually trade, what is the point?
Wise man once said: Until i feel confident, and been throuhg thousand of hours in charts, ill not trade .
Same wise man, until you have fully understood the path.

I have been through the thousand of hours, but on and offs, i was a memebe rin ur private website, not sure if you recall ( From Lebanon).
but i get ons and offs, each time i come back, i understand more what i read in ur threads before. Not sure, seems it was healthy.
  • #17,955
  • May 26, 2024 11:57pm May 26, 2024 11:57pm
Quoting strat
{quote} i am still using the 9 ema 20 ema 73 ema 72 ema not 73 bigboss : - in relation to the mas , pair seems to be sideways. Not only ........................... Study and understand the power of time frames before you go any further
that i shall do right away
  • #17,956
  • May 27, 2024 12:17pm May 27, 2024 12:17pm
M2 MES 06-24

With big money not trading today due to 3 day holiday, volatility is around one tenth of normal. This leaves us Retail Traders free to trade without fearing spikes or jerks from big money. This makes trading PASR an absolute breeze which even the "Dummy For Idiots" could make easy money with leaving us to physically Rob The Bank with full positions.

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.
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,957
  • May 27, 2024 10:44pm May 27, 2024 10:44pm
The more you read this and the old thread and analyze charts , the more u know that there is no better, stress free trading strategy better than this.
I know STRAT disagrees with Holy Grails, but if you understand the harmony and physiology of this thread and the market, its a Holy Grail.


PS: I started live trading with the smallest lot size , and i will not let the Monsters Gremlins in my head overtake me, ill keep the discipline.
  • #17,958
  • May 28, 2024 1:22am May 28, 2024 1:22am
Interesting that there are micro contracts on real futures available now, which equal 0.50 $ on a tick. Strat always adviced to trade the smallest size available on our broker, so this is what I will do after subscribing to a data feed ...
Fix up, trade sharp ...
  • #17,959
  • May 28, 2024 1:46am May 28, 2024 1:46am
Quoting Hickson
Interesting that there are micro contracts on real futures available now, which equal 0.50 $ on a tick. Strat always adviced to trade the smallest size available on our broker, so this is what I will do after subscribing to a data feed ...
Oh , sorry, i dont trade futures yet, am still in plain forex pairs.
Still don't know how futures work, need some reading there.
On the other hand , am i missing something in the thread? Is it for futures only?
  • #17,960
  • May 28, 2024 8:03am May 28, 2024 8:03am
Quoting first_major
{quote} Oh , sorry, i dont trade futures yet, am still in plain forex pairs. Still don't know how futures work, need some reading there. On the other hand , am i missing something in the thread? Is it for futures only?
On the other hand , am i missing something in the thread? Is it for futures only?

Read the first line on Post #2!!!!!!
15 YEARS OF PASR ON FOREX FACTORY!
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