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Strat's PASR Long Term, Stress Free Trading

  • #18,321
  • Oct 29, 2024 11:09am Oct 29, 2024 11:09am
Quoting hobbe22
{quote} Nice trade, bought and sold in 7 mins for twice the rewards. Hope I can do something like this one day.
doesnt happen often
  • #18,322
  • Oct 30, 2024 6:56am Oct 30, 2024 6:56am
Spent 2hrs monitoring M5 after London open, not much going on for me.
Daily and Weekly showing Price rejection from resistance for GBPCAD, decided to place a Sell since I will be away for awhile.
Came back later and Sell stop was triggered.
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  • #18,323
  • Oct 30, 2024 9:02am Oct 30, 2024 9:02am
I wanted to let it run a bit longer , BUT 140pips is such a juicy amount. I didnt know what to do in the end and I got out.
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  • #18,324
  • Oct 30, 2024 9:16am Oct 30, 2024 9:16am
Nice pips Bistolis, mine got taken out by Strat shadow, it just works too well.
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  • #18,325
  • Oct 30, 2024 9:21am Oct 30, 2024 9:21am
Quoting hobbe22
Nice pips Bistolis, mine got taken out by Strat shadow, it just works too well. {image}
you were trading against the trend on this timeframe
On top this happened
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PS: If you see when I take a trade against the shadow, I prefer to exit near the 20ema. more often than not , price is going to "bounce" there. And unless I wait for really well defined PA I dont even try to short in these occasions (way too many losses that way)
AND
never take a trade and not being there watching your monitor
  • #18,326
  • Oct 30, 2024 9:25am Oct 30, 2024 9:25am
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  • #18,327
  • Oct 30, 2024 9:30am Oct 30, 2024 9:30am
Quoting bistolis
{quote} you were trading against the trend on this timeframe On top this happened {image}
Yes, I was fixated on the top PA and resistance. Another lesson learnt.

Wasn't the red news for USD pairs only?
  • #18,328
  • Oct 30, 2024 9:33am Oct 30, 2024 9:33am
Quoting hobbe22
{quote} Yes, I was fixated on the top PA and resistance. Another lesson learnt. Wasn't the red news for USD pairs only?
there is another lesson for you. everything is interrlated on FOREX
The USD affects everything and everyone
  • #18,329
  • Oct 30, 2024 9:38am Oct 30, 2024 9:38am
Quoting bistolis
{quote} there is another lesson for you. everything is interrlated on FOREX The USD affects everything and everyone
Thank you for your kind advice!
  • #18,330
  • Oct 31, 2024 9:09am Oct 31, 2024 9:09am
A couple of bad decisions at the open of the session and then I took these trades short (as shown).
I will need a break. Although price has a very bearish outlook in my view.
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  • #18,331
  • Oct 31, 2024 10:42am Oct 31, 2024 10:42am
Quoting bistolis
A couple of bad decisions at the open of the session and then I took these trades short (as shown). I will need a break. Although price has a very bearish outlook in my view. {image}
Dow was wicked compared to S&P 500

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15 YEARS OF PASR ON FOREX FACTORY!
  • #18,332
  • Oct 31, 2024 12:51pm Oct 31, 2024 12:51pm
Hey Everyone,

This is my first post on here and I'm looking forward to growing with the group.
First off Thanks to Strat for EVERYTHING and continuing to interact with the thread.

I just read the pdf and wanted to try my hand at some analysis. Can you guys critique my work and trade setup for AJ?
I probably won't take the trade bc it's NFP tmrw, but if it wasn't, would we have a viable setup?

First Pic is my S&R Levels derived from the weekly (Boss)


Second Pic Is showing Weekly (Boss) in a intermediate bearish trend, A short term bullish trend, and an immediate trend that's reversing from bullish to bearish?
*Note that last week's candle was a bearish Shooting Star


Third pic is of the Daily (worker) with price rejecting off resistance, while forming a BEOB. I've outlined entry, SL and 3 targets.
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  • #18,333
  • Edited 11:20am Nov 1, 2024 10:24am | Edited 11:20am
Quoting MTF-Trades
Hey Everyone, This is my first post on here and I'm looking forward to growing with the group. First off Thanks to Strat for EVERYTHING and continuing to interact with the thread. I just read the pdf and wanted to try my hand at some analysis. Can you guys critique my work and trade setup for AJ? I probably won't take the trade bc it's NFP tmrw, but if it wasn't, would we have a viable setup? First Pic is my S&R Levels derived from the weekly (Boss) Second Pic Is showing Weekly (Boss) in a intermediate bearish trend, A short term bullish trend,...
Just my opinion but I wouldn't be touching this one while price is within the current WCC. Price is also above BB 9ema and Boss 9ema.
Also the worker candle to which you are referring is not a BEOB as its high was below the previous candle high.


Regards
Terry
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  • #18,334
  • Nov 1, 2024 1:21pm Nov 1, 2024 1:21pm
Thanks for the feedback Terry. I had the 9 on my chart but took it off. You're right about it though.

That candle looks tricky but on my feed it's showing as higher than the previous candle. I initially thought the same thing.

I'm going to start working my way through the thread.
  • #18,335
  • Nov 2, 2024 9:02pm Nov 2, 2024 9:02pm
Put the 9 on your charts........
  • #18,336
  • Nov 3, 2024 8:55am Nov 3, 2024 8:55am
Quoting MTF-Trades
Thanks for the feedback Terry. I had the 9 on my chart but took it off. You're right about it though. That candle looks tricky but on my feed it's showing as higher than the previous candle. I initially thought the same thing. I'm going to start working my way through the thread.
I'm going to start working my way through the thread.

Good, that's where the understanding and learning begins - the pdf is merely a summary/introduction to what is in these two threads - like an appetiser to a major banquet.

All the consistently profitable PASR traders I know of, have read, gone back and read, understood, learned and applied the strategies in these threads. When you do that you will find the correct settings for the Strat Shadow and much more.
15 YEARS OF PASR ON FOREX FACTORY!
  • #18,337
  • Nov 4, 2024 3:58am Nov 4, 2024 3:58am
Quoting Deichkind
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 {image} {image} {image}
Found no entry last week among others cause of the opening GAP at monday, so discard this one.

best regards
Thorsten
  • #18,338
  • Nov 4, 2024 7:39am Nov 4, 2024 7:39am
Long GBPAUD, got in on the BUEB, was taken out after 10mins. Should waited for a higher high next time.
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Long AUDUSD, thought I had a good one with H1 and M15 bouncing off Strat Shadow. After closing the trade, saw the clock and realise it was already NY open....

H1
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M15
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M5
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  • #18,339
  • Nov 4, 2024 11:19am Nov 4, 2024 11:19am
Quoting Strat
{quote} I'm going to start working my way through the thread. Good, that's where the understanding and learning begins - the pdf is merely a summary/introduction to what is in these two threads - like an appetiser to a major banquet. All the consistently profitable PASR traders I know of, have read, gone back and read, understood, learned and applied the strategies in these threads. When you do that you will find the correct settings for the Strat Shadow and much more.
Hi Strat - Thanks for the kind words. I'm looking forward to it! I was already doing something similar, but not with the same context and targets that you use. I wasn't taking the SR into account and was using indicators (the 20 being one of them). However my entries were off of Pinbars, and occasionally Inside Bar's, so I'm new to outside & engulfing bars. I like how you wrapped everything together in a neat, coherent package.

I'm also going to make the weekly my worker for the next few weeks so I can spend more time going through the threads and have less daily analysis.

Is there a thread that you recommend going over first? I noticed there's this one (Strat's PASR Long Term, Stress Free Trading) that's more active and is 917 pages and the other one that's 1087 pages long (Strat's Long Term Stress Free Trading). Is one more relevant than the other?

Thanks again big guy.
  • #18,340
  • Nov 4, 2024 12:40pm Nov 4, 2024 12:40pm
Quoting hobbe22
Long GBPAUD, got in on the BUEB, was taken out after 10mins. Should waited for a higher high next time. {image} Long AUDUSD, thought I had a good one with H1 and M15 bouncing off Strat Shadow. After closing the trade, saw the clock and realise it was already NY open.... H1 {image} M15 {image} M5 {image}
the first one is a bad trade
take a look at m15 m30 and H1 and probably you will see why. I have no idea, but i am guessing the higher frames will not justify going long
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