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Strat's PASR Long Term, Stress Free Trading

  • #18,001
  • Jun 6, 2024 3:51am Jun 6, 2024 3:51am
Quoting first_major
{quote} Noted and clear, but a quick question, you take ur direction from the higher time frames (m30, h1, h4) regardless of the boss and big boss, or still wait for all to align? (Which might take time for all to align)
I trade a combination of everything. SR taken from higher frames. Direction more or less from m5 m15 m30. I pick my entries on m1 and if m5 m15 are aligned then I look to join. Watching for hours every day you get "synced" with your market of choice.
My daily routine is to just to keep an eye on the charts the whole morning and then I start my day around 7-8 NY local time. Around 8:30 there might be news. 9:30 is the open and I want to be warmed up already to what is happening
My local time is Greece so I have the whole morning to myself and the day starts at 16:30 in the afternoon when NY opens
  • #18,002
  • Jun 6, 2024 9:13am Jun 6, 2024 9:13am
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  • #18,003
  • Jun 6, 2024 2:09pm Jun 6, 2024 2:09pm
Quoting Strat
M5 MES 06-24 {image} Beautiful PASR Bulls may push higher but it's my lunch time so hasta la pasta!
Hola strat! Do you have pivots on your charts now?
Fix up, trade sharp ...
  • #18,004
  • Jun 6, 2024 2:15pm Jun 6, 2024 2:15pm
Quoting Hickson
{quote} Hola strat! Do you have pivots on your charts now?
Do you have pivots on your charts now?

Yes, but I only act on them when they are in CONFLUENCE with SR and Fibonacci otherwise they are just a line floating in space.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,005
  • Jun 6, 2024 9:52pm Jun 6, 2024 9:52pm
Quoting bistolis
{quote} I trade a combination of everything. SR taken from higher frames. Direction more or less from m5 m15 m30. I pick my entries on m1 and if m5 m15 are aligned then I look to join. Watching for hours every day you get "synced" with your market of choice. My daily routine is to just to keep an eye on the charts the whole morning and then I start my day around 7-8 NY local time. Around 8:30 there might be news. 9:30 is the open and I want to be warmed up already to what is happening My local time is Greece so I have the whole morning to myself...
I see, i feel you when u say watching hours.
the thing is, my latest trades routine has become something like the following.
I take a trade with the smalles lot when i see PASR, but because trades usaly retrace, and i get on my nerves (Still need to work on physcology). I montor the charts during the day, and when things get more aligned, and my negative trades start getting positive, i add my remaining lots.
A bit stressfull for now, thus usinging the smallest size, until i can overcome the 90% , Fear and Greed, Gremlins and all.

Greece , cool, we are neighbors, i am in Beirut, Lebanon.
and thanks for the time to reply
  • #18,006
  • Jun 6, 2024 10:13pm Jun 6, 2024 10:13pm
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  • #18,007
  • Jun 7, 2024 1:23pm Jun 7, 2024 1:23pm
Quoting first_major
Is this considered PASR Monthly BUEB , though MAs are flat, but it appeared as a swing. I would put my buy order on a above of the Monthly BUEB Trade taken with smallest lot my broker allows. 0.01 SL (Although far, but its for the purpose of the time frame i took the trade in and the lot size R:R is below the monthly BUEB {image} Daily Broke and Close above 2 resistance labeled in image - Break and close above of T1 Resistance Zone - Break and close above of T2 Resistance Trendline - Respecting Support trend line T3 {image} Hope Terry/Strat/Bistolis/Hickson...
For a moment i walked on water this week, only to be eaten by sharks today.
I guess one never learns until he experiences.
Im fact, when one gets eaten, only then he understands what was meant in some post when some advice or method was stated. Harsh truth
I will not give up. I will re-read
  • #18,008
  • Jun 8, 2024 11:36am Jun 8, 2024 11:36am
Quoting Strat
Naws - you asked about Money Management - here is something from my files: Money Management The focus of this page will revolve mostly around the risk/reward ratio aspect, though another important piece is the equity percent of your account you are working with. For example, a rule of thumb for equity is never bet more than 2% of your equity on a single trade. So, for example, if you have $10,000 in your account then you should not bet more than $200 or 20 pips on a single trade (or else get a a micro-account so you can wager 200 pips or $200)....
I cannot but ask.
As a new trader following advice and want to stick to 2:1 or 3:1.
But the question is.
- assume i get a BUOB on an support or 9 ma , and i set my buy above the BUOB, however i need to set my SL below the candle, which lets assume is 15 pips, and my clear target TP or Resistance or ATR is 15 pips also thus i cant decide the R:R myself, and its dictated by the setup and charts.
Should one proceed with the tarde on a 1:1 R:R or wait for another setup
  • #18,009
  • Jun 9, 2024 3:37am Jun 9, 2024 3:37am
Quoting first_major
{quote} I cannot but ask. As a new trader following advice and want to stick to 2:1 or 3:1. But the question is. - assume i get a BUOB on an support or 9 ma , and i set my buy above the BUOB, however i need to set my SL below the candle, which lets assume is 15 pips, and my clear target TP or Resistance or ATR is 15 pips also thus i cant decide the R:R myself, and its dictated by the setup and charts. Should one proceed with the tarde on a 1:1 R:R or wait for another setup
R:R is but a wrong way to approach trades. The exit is determined by price, and R:R can be calculated after the trade is done (and is pointless)
  • #18,010
  • Jun 9, 2024 11:10pm Jun 9, 2024 11:10pm
Any Lesson in PASR Thread for GAPS?
this is EUR/USD Gap this morning on open
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  • #18,011
  • Jun 10, 2024 12:29am Jun 10, 2024 12:29am
Quoting first_major
Any Lesson in PASR Thread for GAPS? this is EUR/USD Gap this morning on open{image}
We do not care so much about gaps. Many get filled at some point, others never. Betting on a gap to get filled could result in serious draw down.
Fix up, trade sharp ...
  • #18,012
  • Jun 10, 2024 2:29am Jun 10, 2024 2:29am
Quoting Hickson
{quote} We do not care so much about gaps. Many get filled at some point, others never. Betting on a gap to get filled could result in serious draw down.
so we stay out of gaps, unless we were in atrade before the gap, then if in loss, better close the postion, unless in profit?
  • #18,013
  • Jun 10, 2024 6:07am Jun 10, 2024 6:07am
Quoting first_major
{quote} so we stay out of gaps, unless we were in atrade before the gap, then if in loss, better close the postion, unless in profit?
I would suggest to pick a single instrument and focus on that for starters.
  • #18,014
  • Jun 10, 2024 12:41pm Jun 10, 2024 12:41pm
Quoting first_major
{quote} so we stay out of gaps, unless we were in atrade before the gap, then if in loss, better close the postion, unless in profit?
What I mean is that we generally do not base our trading decisions solely on gaps. It also depends much on instruments. The more liquid an instrument is, the less gaps it usually has. So sticking with one instrument like Bistolis said is the way to go.
Fix up, trade sharp ...
  • #18,015
  • Jun 10, 2024 2:00pm Jun 10, 2024 2:00pm
M5 S&P 500 06-24

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Slow, pedantic beautiful PASR
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,016
  • Jun 10, 2024 2:02pm Jun 10, 2024 2:02pm
Quoting first_major
{quote} so we stay out of gaps, unless we were in a trade before the gap, then if in loss, better close the postion, unless in profit?
2be trades GAPS and knows more about them than most on FF so hopefully he will add more insight for you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,017
  • Jun 10, 2024 2:32pm Jun 10, 2024 2:32pm
Quoting Strat
M5 S&P 500 06-24 {image} Slow, pedantic beautiful PASR
hello brother
Pls , you can shar this indicators and template
  • #18,018
  • Jun 10, 2024 11:56pm Jun 10, 2024 11:56pm
Quoting Strat
{quote} 2be trades GAPS and knows more about them than most on FF so hopefully he will add more insight for you.
Hope he will, just for the knowledge. Its good to know about it
But to be honest, i want to stick to PASR, and what the thread teaches. Thus i just wanted to know, what WE , here in this thread do when we see gaps.
cheers
  • #18,019
  • Jun 11, 2024 8:23am Jun 11, 2024 8:23am
Quoting first_major
{quote} Hope he will, just for the knowledge. Its good to know about it But to be honest, i want to stick to PASR, and what the thread teaches. Thus i just wanted to know, what WE , here in this thread do when we see gaps. cheers
I would say nothing. And it doesnt really matter
  • #18,020
  • Jun 11, 2024 8:26am Jun 11, 2024 8:26am
Quoting bistolis
{quote} I would say nothing. And it doesnt really matter
Yes, agreed
15 YEARS OF PASR ON FOREX FACTORY!
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