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MY PASR journey Based on Strat's PASR Trading 76 replies

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Attachments: Strat's PASR Long Term, Stress Free Trading
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Strat's PASR Long Term, Stress Free Trading

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not a a good day so far
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the exit was a mistake. getting too emotional and I need to quit for now
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Quoting hobbe22
Hi, I can only handle basic PASR for now. Posting here hoping to get some comments. BB Chart showing rejection from EMA200 and resistance level. B chart showing rejection but no confirm swing yet. W chart showing 2 Swing high, will it be a good time for entry or will it be safer to wait for a confirm Swing signal from B? Please correct me if anything I mention here is wrong. {image} {image} {image}
I am not sure what you are showing ?
Going long or short ?
Quoting bistolis
{quote} I am not sure what you are showing ? Going long or short ?
Bistolis,

Thanks for your reply.

My intention was to go short below the purple line. First time posting and I missed that out.
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First trade of the day, saw a trend forming on GBPUSD M5.
Wanted to enter after BUEB, but was checking resistance levels from higher TF, so entry was a little late.

Saw price approaching resistance level and I chicken out at the BEEB.
I was at minimum lots and cannot take half profit, little man was messing with me so badly.

edited* Checked back and found I was on 0.1lot...well......
And also realise I was trading into resistance too.
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I would like to express my sincere gratitude to Strat for allowing me to contribute to his thread. Reading through these discussions has greatly enhanced my trading knowledge. Analyzing charts can often feel isolating, but now I appreciate the value of sharing my thoughts in a community. I'm gradually absorbing the content like a textbook while awaiting market movements, currently exploring the era when Yomi dominated M5 in 2018.

Woke up this morning to see JPY trending ahead. Was looking at EURJPY, USDJPY and CADJPY. Decided on CADJPY since it’s giving a higher HL. Look through H4 and H1, drew my resistance line and waited for the next BUEB on Strat shadow and entered my trade.

Price went up to my first resistance about 40pips away. Took half TP at first red arrow and move SL about 10pips up above break even. Nothing to lose at this point, went to feed myself and took a nap. Second entry after breaking my resistance with support from Strat Shadow. Went to run some errands for big boss, came back and saw those wicks near the top, close both positions since red CAD news would be coming soon too.
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One H4 USDMXN trade for today.
Saw price was reacting well to the purple line as SR.
Just checked and Buy stop was triggered above previous hammer at blue arrow.
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Quoting Deichkind
Next days I will take a look at Crude oil, BB looks down, also boss looks down after 22 reversal, now waiting at worker for a reversal back to shadow and breaking line of Boss reversal. regards Thorsten {image} {image} {image}
after 213 reversal on worker entry short
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Didn't go so well today. Started off with an impatient buy entry at blue arrow on GBPNZD.
Got taken out 30mins later at red arrow.
My mind was only fixated on the M5 entry. Still figuring how to overcome this problem.
Was scrolling up the timeframe after awhile and saw the rejection candle on M15 which stick out like a sore thumb.
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Quoting Deichkind
{quote} after 213 reversal on worker entry short {image}
All three time frames are green and the weekly is still inside.
Quoting hobbe22
Didn't go so well today. Started off with an impatient buy entry at blue arrow on GBPNZD. Got taken out 30mins later at red arrow. My mind was only fixated on the M5 entry. Still figuring how to overcome this problem. Was scrolling up the timeframe after awhile and saw the rejection candle on M15 which stick out like a sore thumb. {image} {image}
The market in London opens later. you are trying to trade premarket
Quoting TerryDawe
{quote} All three time frames are green and the weekly is still inside.
Hi Terry, no good idea to go short here ?
So would be even better when price breaks down outside the WCC and then makes a reversal on worker? So better to wait until break outside WCC?

best regards
Thorsten
Quoting Deichkind
{quote} Hi Terry, no good idea to go short here ? So would be even better when price breaks down outside the WCC and then makes a reversal on worker? So better to wait until break outside WCC? best regards Thorsten
Not a pair that I trade but my thoughts:
A lot of chop going on.
It may be wise to wait for today's inside candle to close, which may confirm the daily inside candle. Also a weekly inside candle.
Not a big fan of trading inside candles.
Then one could look at a 3 1 ? trade short or long.
BB is forming a 2 up and is below its 9, Boss is below its 9 and currently price on the worker is bouncing up through its 9 and finding resistance at the Boss 9.

Bottom line for me is there are better opportunities.

Just my opinion
Regards
Terry
One example of a weekly trending pair that has been pretty consistent for the past year.
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Hi Terry,

for next week I like EURJPY, BB shows up with 22 reversal, Boss up which broken the WCC to the upside, worker with 22 reversal, but will like it more when reversal at the shadow/breaking line

regards
Thorsten
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Quoting hobbe22
I would like to express my sincere gratitude to Strat for allowing me to contribute to his thread. Reading through these discussions has greatly enhanced my trading knowledge. Analyzing charts can often feel isolating, but now I appreciate the value of sharing my thoughts in a community.
I would like to express my sincere gratitude to Strat for allowing me to contribute to his thread

Thank you for your appreciation.

It seems you have a good understanding of PASR but always remember to keep "on your toes" as PASR is only the car you are driving and its up to you, the driver (trader), to get to your chosen destination (consistent profits).

Feel free to continue to post and ask any questions.
15 YEARS OF PASR ON FOREX FACTORY!
Hi Strat,

Thank you for your encouraging comments, they mean a lot to a newbie like me. I will always have my seat belts on (SL), looking to the left and right (SR) before I drive off. Road conditions are changing constantly and with more experience in PASR, I aim to reach my destination while using the least amount of petrol (Loss).

Quoting hobbe22
One H4 USDMXN trade for today. Saw price was reacting well to the purple line as SR. Just checked and Buy stop was triggered above previous hammer at blue arrow. {image}
Trade from last week USDMXN, price almost close to my TP near top of WCC. Queen is in a good mood, no reason to ask for more, close with 2.5R.
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GBPJPY, first trade of the week, almost fell off my chair when I saw 3 bullish bar doing a pullback to my resistance at M5.
Place SL directly below bullish hammer and enter on next candle.
Almost time to feed myself again, saw some resistance and close trade on 4.2R at red arrow.
Saw price went up to 10R ending with a shooting star after my meal and nap....well, got to eat before I can trade.
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Quoting bistolis
{image}
Nice trade, bought and sold in 7 mins for twice the rewards. Hope I can do something like this one day.
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