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Strat's PASR Long Term, Stress Free Trading

  • #18,021
  • Edited 10:24am Jun 11, 2024 8:51am | Edited 10:24am
Quoting bistolis
{quote} I would say nothing. And it doesnt really matter
starting to look for longs on DOW
based on historic intersession gap and historic WRB, and the gap to the last session close
Time allowing I might explain a few things later.
One thing about the future is predictable, mainly, that the future is unpredictable!

Attached Image (click to enlarge)
Click to Enlarge Name: DOW M30 sessions 01-2024-06-11_151818.png Size: 48 KB

just an illustration why I went long on DOW
Sorry Strat, the gaps concept might be related but it is not the main thrust of this great thread. For an acute observer they are related, but it is hard to find acute observers
Good points earned, flat atm. coffee time

Intend to trade later, already very positive on the day, though I missed some shorts, at the NYSE open, though not all of them,
Looking at the above chart one would know exactly where to cover the shorts, and try to reverse for longs.
I do not think that there are so many traders marking these gaps and WRB, the PA is related to many things, eg about 50% Fib Ret of the WRB, large blue bar 7 sessions back, confluence with the intersession gap, and some easy places to put the SL, if wrong long entry, should one ask for more?
Fibs in situation like the above one come automatically, without drawing them every time. If interested have a look at post 356, p18 in my journal, where the fibs have been drawn, trading mainly DOW has advantage, as one is more likely to remember these critical zones.
https://www.forexfactory.com/attachm...l?d=1717531868
Make sure losses are small and profits are bigger!
  • #18,022
  • Jun 11, 2024 9:18am Jun 11, 2024 9:18am
Quoting 2be
{quote} starting to look for longs on DOW based on historic intersession gap and historic WRB, and the gap to the last session close Time allowing I might explain a few things later. One thing about the future is predictable, mainly, that the future is unpredictable!
One thing about the future is predictable, mainly, that the future is unpredictable!

Yes, just like the only thing constant is change
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,023
  • Jun 11, 2024 10:05am Jun 11, 2024 10:05am
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
The first thing I would do if you see gaps, is to congratulate you. Some or even many cant or do not wish to see them, which is perfectly ok with me, I am not here to prove, defend or promote anything. There are various type of gaps, and IMHO I think it is worthwhile to utilise that aspect, but it demands extra studies, observation and work.
Good trades to you!
Make sure losses are small and profits are bigger!
  • #18,024
  • Jun 11, 2024 1:49pm Jun 11, 2024 1:49pm
M5 S&P 500 06-24

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 22 KB


More beautiful PASR
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,025
  • Jun 13, 2024 8:14am Jun 13, 2024 8:14am
After rewriting my trading plan and getting some new monitors (among a few other things for preparation!) I am looking forward to a new trading start within the next two weeks. I will only start with one instrument and most likely also only one position at a time, last time I traded my instrument of choice was NASDAQ (which went ok apart from the crazy broker fees!).

But after reading in the thread again on this topic and also consulting Carter's book I thought that maybe the Dow would be a better pick to start ("easier PA", less erratic moves). It would be nice to hear some future traders comment on this. So far I only have experience with NASDAQ and very little in S&P 500.
Fix up, trade sharp ...
  • #18,026
  • Jun 13, 2024 8:32am Jun 13, 2024 8:32am
Quoting Hickson
After rewriting my trading plan and getting some new monitors (among a few other things for preparation!) I am looking forward to a new trading start within the next two weeks. I will only start with one instrument and most likely also only one position at a time, last time I traded my instrument of choice was NASDAQ (which went ok apart from the crazy broker fees!). But after reading in the thread again on this topic and also consulting Carter's book I thought that maybe the Dow would be a better pick to start ("easier PA", less erratic moves)....
Actually, in my experience, S&P has the smoothest PA, but I trade all 3.
  • #18,027
  • Jun 13, 2024 1:10pm Jun 13, 2024 1:10pm
M15 MES 06-24

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Click to Enlarge Name: a M15.png Size: 25 KB


M5 MES 06-24

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Click to Enlarge Name: b M5.png Size: 31 KB


Dedicated trading on M15. M5 trading with entries and exits taken on M1 and M5
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,028
  • Edited 2:13pm Jun 13, 2024 1:33pm | Edited 2:13pm
Quoting Hickson
After rewriting my trading plan and getting some new monitors (among a few other things for preparation!) I am looking forward to a new trading start within the next two weeks. I will only start with one instrument and most likely also only one position at a time, last time I traded my instrument of choice was NASDAQ (which went ok apart from the crazy broker fees!). But after reading in the thread again on this topic and also consulting Carter's book I thought that maybe the Dow would be a better pick to start ("easier PA", less erratic moves)....
From my trading and as I posted for you before, NQ moves and trends the most BUT its volatility is such that it sometimes viciously cuts through your SL screwing up your Risk and Trade Management. The Dow moves the least of the three and for me, is no easier to trade than S&P 500. My instrument of choice is S&P 500 - I trade ES if PA leading up to NY Open is "orderly" and I "feel" it and MES with suitably adjusted positions, if I don't "feel" it.

You have not mentioned a time frame - this can affect your choice of instrument.

While you are building experience trading Futures, why not trade what is traded here on this thread? - I trade S&P 500 and bistolis and 2be trade the Dow.

My most important advice for you at this stage is to trade the "M" Micro contracts (MNQ, MYM and MES) and prove your ability and profit consistency on those before going to the mini contracts.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,029
  • Edited 2:46pm Jun 13, 2024 2:03pm | Edited 2:46pm
Quoting Strat
{quote} From my trading and as I posted for you before, NQ moves and trends the most BUT its volatility is such that it sometimes viciously cuts through your SL screwing up your Risk and Trade Management. The Dow moves the least of the three and for me, is no easier to trade than S&P 500. My instrument of choice is S&P 500 - I trade ES if PA leading up to NY Open is "orderly" and I "feel" it and MES if I don't "feel" it. You have not mentioned a time frame - this can affect your choice of instrument. While you are building experience trading Futures,...
Indeed it is important to start trading small lots and gain confidence in using particular trading strategy and trading plans.
DOW has proven yet again a very good day of dump and pump during NYSE session so far. and some good entries before NYSE open too.
On intersession TF (daily TF if NYSE sessions only displayed) PA is still contained within the WRB, and today like in the past several days many things just aligned well to trade in both directions, assuming one has a strategy and a well thought plan, (if that happens... I will do following...)
Make sure losses are small and profits are bigger!
  • #18,030
  • Jun 14, 2024 1:46am Jun 14, 2024 1:46am
Quoting Strat
{quote} From my trading and as I posted for you before, NQ moves and trends the most BUT its volatility is such that it sometimes viciously cuts through your SL screwing up your Risk and Trade Management. The Dow moves the least of the three and for me, is no easier to trade than S&P 500. My instrument of choice is S&P 500 - I trade ES if PA leading up to NY Open is "orderly" and I "feel" it and MES with suitably adjusted positions, if I don't "feel" it. You have not mentioned a time frame - this can affect your choice of instrument. While you are...
Yes, I remember what you said about the NASDAQ. Cutting through the sl is not what I need in a learning phase - despite only starting with Micro contracts, that is for sure.
The time frame is very important and since I can only trade after work or very early in the european morning (when there is no liquidity in the US markets) I plan to trade around 7 - 9:30 pm which at the moment equals 1 - 3:30 pm NY time. So I will get my levels from H4/H1, M15, M5 and trade on M5/M1. Only one trade at a time trading basic PASR or trend PASR if at hand. This is how I want to proceed.

Quoting 2be
{quote} Indeed it is important to start trading small lots and gain confidence in using particular trading strategy and trading plans. DOW has proven yet again a very good day of dump and pump during NYSE session so far. and some good entries before NYSE open too. On intersession TF (daily TF if NYSE sessions only displayed) PA is still contained within the WRB, and today like in the past several days many things just aligned well to trade in both directions, assuming one has a strategy and a well thought plan, (if that happens... I will do following...)...
That is the main part - knowing your if-then scenarios. After these years I believe, without them you are lost even with experience. When you start thinking what to do, you have already lost the trade. So I know ahead of the trade a) where to put my sl b) if or when to move it c) - probably most important: where and when do I exit the trade?

I am pretty sure I will have to evaluate the results and make adjustments - but this way you have at least a chance to adjust.
Fix up, trade sharp ...
  • #18,031
  • Edited 3:36am Jun 14, 2024 3:13am | Edited 3:36am
Quoting Hickson
{quote} Yes, I remember what you said about the NASDAQ. Cutting through the sl is not what I need in a learning phase - despite only starting with Micro contracts, that is for sure. The time frame is very important and since I can only trade after work or very early in the european morning (when there is no liquidity in the US markets) I plan to trade around 7 - 9:30 pm which at the moment equals 1 - 3:30 pm NY time. So I will get my levels from H4/H1, M15, M5 and trade on M5/M1. Only one trade at a time trading basic PASR or trend PASR if at hand....
Just covered shorts on DOW from yesterday's preparations after NYSE close , almost +150 points on the initial lot, not counting added lots.
Short from the last session close to the intersession gap (magnet) in agreement with PA on the lower TFs
I am done for a while.
Make sure losses are small and profits are bigger!
  • #18,032
  • Jun 14, 2024 11:08pm Jun 14, 2024 11:08pm
Quoting bistolis
{quote} You have a weekly control candle and everything is in consolidation, unless you drop down to H1 {image} or H4 like Terry
Hello Bistolis,
now that the WCC is broken, i have been reading the threads , but to be honest, i couldnt purley understadn the WCC , and how to interpet it.
is there any preferd post on the thread u can advice me to re-read or if you can explain.


Do we now look for retracment and PASR at S/R or MAs for entries in direction of the break? and ofcourse not against the BigBoss?
Or Sinc e it has been broken, and the new weekly has been closed, we enter below the break of the new weekly candle, with targets to Support?

Attached Image (click to enlarge)
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  • #18,033
  • Jun 15, 2024 5:42am Jun 15, 2024 5:42am
Quoting first_major
{quote} Hello Bistolis, now that the WCC is broken, i have been reading the threads , but to be honest, i couldnt purley understadn the WCC , and how to interpet it. is there any preferd post on the thread u can advice me to re-read or if you can explain. Do we now look for retracment and PASR at S/R or MAs for entries in direction of the break? and ofcourse not against the BigBoss? Or Sinc e it has been broken, and the new weekly has been closed, we enter below the break of the new weekly candle, with targets to Support? {image}
The SR on wcc should be more like high to low. and it is basically that. An area of consolidation. I dont know how you should trade once it is broken . I am only pointing it out
  • #18,034
  • Jun 15, 2024 8:02am Jun 15, 2024 8:02am
Quoting first_major
{quote} Hello Bistolis, now that the WCC is broken, i have been reading the threads , but to be honest, i couldnt purley understadn the WCC , and how to interpet it. is there any preferd post on the thread u can advice me to re-read or if you can explain. Do we now look for retracment and PASR at S/R or MAs for entries in direction of the break? and ofcourse not against the BigBoss? Or Sinc e it has been broken, and the new weekly has been closed, we enter below the break of the new weekly candle, with targets to Support? {image}

Friday; Jun14 Weekly Close is a new WCC, good wide range to trade PASR.

Next week is PMI data

be prepared for intraday swings highs and swing lows,

Attached Image (click to enlarge)
Click to Enlarge Name: EU Weekly Jun14 NYClose 15-6-2024 8-55-15 pm.png Size: 16 KB

European and US PMI,

unlikely to break and close outside this WCC High-Low but anything can happen.

Big Boss has its storyline.

Attached Image (click to enlarge)
Click to Enlarge Name: FF Cal Jun 21 PMI data 15-6-2024 8-56-55 pm.png Size: 19 KB


..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,035
  • Jun 15, 2024 9:51am Jun 15, 2024 9:51am
Quoting bistolis
{quote} The SR on wcc should be more like high to low. and it is basically that. An area of consolidation. I dont know how you should trade once it is broken . I am only pointing it out
Thanks, clear now.
  • #18,036
  • Jun 15, 2024 9:54am Jun 15, 2024 9:54am
Quoting emmanuel7788
{quote} Friday; Jun14 Weekly Close is a new WCC, good wide range to trade PASR. Next week is PMI data be prepared for intraday swings highs and swing lows, {image} European and US PMI, unlikely to break and close outside this WCC High-Low but anything can happen. Big Boss has its storyline. {image} ..
Thanks for pointing out.
Will study charts and behavior, as its new to me.
  • #18,037
  • Jun 17, 2024 7:33am Jun 17, 2024 7:33am
Quoting first_major
{quote} Thanks for pointing out. Will study charts and behavior, as its new to me.
The WCC from April is still in effect as price has not closed out of it so far.
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  • #18,038
  • Jun 17, 2024 5:48pm Jun 17, 2024 5:48pm
Quoting first_major
{quote} Thanks for pointing out. Will study charts and behavior, as its new to me.
Ignore this, instead see latest post from Terry
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,039
  • Jun 18, 2024 1:09pm Jun 18, 2024 1:09pm
Quite smooth PRICE ACTION for M1 today ...
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Fix up, trade sharp ...
  • #18,040
  • Jun 18, 2024 1:37pm Jun 18, 2024 1:37pm
Maybe it is too late after a total 12 hours working in front of the screen today ... but why is MYM1! on my Tradingview Chart looking like this while MES1! is looking ok on the chart? (both have delayed data because I did not subscribe to market data yet, but then it should impact both charts):
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Fix up, trade sharp ...
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