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Strat's PASR Long Term, Stress Free Trading

  • #1,161
  • Dec 6, 2017 1:11am Dec 6, 2017 1:11am
Strat and Trogger,

Here's what I've got for AUD/JPY

The immediate trend for the Big Boss is down (no chart)

As for the Boss, it's broken a major support/resistance level

Attached Image (click to enlarge)
Click to Enlarge Name: Week 20171205.PNG Size: 100 KB


And the worker shows a shooting star candlestick yesterday where the upper wick hit the major S/R level broken earlier.

Attached Image (click to enlarge)
Click to Enlarge Name: Day 20171205.PNG Size: 95 KB


I had 2 sell stops that were below the the low of the shooting star candle from yesterday, stop loss above the high of the SS. First TP is at next minor support level (~84.50), and next is my 'free trade' that I'll hold until I see PA indicating a change in direction. Will possibly add to the position on it's trend down (if it continues) if I see more selling PA.
  • #1,162
  • Dec 6, 2017 3:23am Dec 6, 2017 3:23am
Quoting strat
PASR {quote} I guess you didn't like AUDUSD (39 pips), EURGBP (48 pips), GBPCAD (85 pips) and GBPAUD (91 pips)
Those are great trades.Yesterday I traded only London.Therefore missed GBP trades.
Also I don't like to trade EURGBP & AUDUSD as your VOLATILITY based on Daily ATR 10.
  • #1,163
  • Dec 6, 2017 3:51am Dec 6, 2017 3:51am
hello

what do you think about the candles on the chart below? would those be good entries?
what do you think Saad since you trade 5m ?

Attached Image (click to enlarge)
Click to Enlarge Name: GCAD short.JPG Size: 89 KB
  • #1,164
  • Dec 6, 2017 3:51am Dec 6, 2017 3:51am
Quoting Davit
{quote} Stupid people think its nonsense but I have no control about that.You can only see as much you are able to. I think you should stay where you are.Less people trade pivots the better! I have hundreds of PM's and actual equity stats prove otherwise.One only needs to look at the charts with pivots to see the possibilities however I don't expect likes of you to get it.
I don't have enough time to see your Useless pivots and thread.
I DON'T CARE what people PM's you and go other place to say your bogus tale.
  • #1,165
  • Dec 6, 2017 4:04am Dec 6, 2017 4:04am
Quoting bistolis
hello what do you think about the candles on the chart below? would those be good entries? what do you think Saad since you trade 5m ? {image}
It seems to be GBPCAD.I don't trade before London.so It has two possible trades after London.
But I would like to trade your last marked signal.
  • #1,166
  • Dec 6, 2017 5:03am Dec 6, 2017 5:03am
Quoting bistolis
{quote} {file} the last time I posted this it had 40something downloads. the issue might be on your connection or computer
Good day bistolis,
Finally downloaded the MA ribbons this morning.
Please how do i apply it to my MT4 platform?
(apologies for the disturbance)
Thank you
Emeka
  • #1,167
  • Dec 6, 2017 5:05am Dec 6, 2017 5:05am
Had a meeting with the Holy Grail last night - check
Had a wrestle with the little people this morning - check
Put them in the cupboard under the stairs - check
Thought about Dr Joe - check
Ignoring the nonsense on FF - check
Lets just trade and make money - check
Attached Image (click to enlarge)
Click to Enlarge Name: InkedGBPAUDM5_LI.jpg Size: 621 KB
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #1,168
  • Edited 5:31am Dec 6, 2017 5:18am | Edited 5:31am
Quoting Yoki
Strat and Trogger, Here's what I've got for AUD/JPY The immediate trend for the Big Boss is down (no chart) As for the Boss, it's broken a major support/resistance level {image} And the worker shows a shooting star candlestick yesterday where the upper wick hit the major S/R level broken earlier. {image} I had 2 sell stops that were below the the low of the shooting star candle from yesterday, stop loss above the high of the SS. First TP is at next minor support level (~84.50), and next is my 'free trade' that I'll hold until I see PA indicating...

Hello Yoki

Great to see you starting with the higher order charts.

1. I like and agree with levels marked on your Boss chart .
2. I note that the candle beginning 12 November has established control and this is the third week within that candle.
3. That CC has a low of 84.64 on my chart.

On the Worker:
4. I agree that the SS you have identified is in the correct place wrt previous major S & R (and is nicely off the Strat Shadow).
5. Your SS candle has a low of 85.37 (by my broker)
6. The SS is approx 80 pips however and you have again correctly (in my opinion) identified minor support (last two weeks)/previously resistance (April/May) at approx 84.50.

By my reckoning your risk will be approx 100 pips and first target about 75/85 pips (if it is reached!).

If first target is reached, I presume that you are looking for approx 82 on the second position?


When considering whether to enter such a trade, I tend to look at the USD/JPY and the AUD/US charts to see if there is any clear signal on one or both that may give some clue(s) of the likelihood of success of this trade:

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYproMonthly.png Size: 41 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDproMonthly.png Size: 32 KB


Given the relative positions of these two pairs, I personally probably would not take the trade on AUD/JPY [though technically your analysis is good (imo)]

Now that I have expressed some concerns, just watch it slice through your TPs and make me look like a silly scaredy-cat!

Cheers
  • #1,169
  • Dec 6, 2017 5:30am Dec 6, 2017 5:30am
Quoting BeyondTheSea
Had a meeting with the Holy Grail last night - check Had a wrestle with the little people this morning - check Put them in the cupboard under the stairs - check Thought about Dr Joe - check Ignoring the nonsense on FF - check Lets just trade and make money - check {image}
Yes, Great Stuff!

[BUT - did you remember to sacrifice your entire herd of animals and all the virgins in the village to the Indicator Gods!?]
  • #1,170
  • Dec 6, 2017 5:39am Dec 6, 2017 5:39am
Quoting trogger
{quote} Yes, Great Stuff! [BUT - did you remember to sacrifice your entire herd of animals and all the virgins in the village to the Indicator Gods!?]
No. I'm saving that for tonight. Just building a big fire now....
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #1,171
  • Dec 6, 2017 6:30am Dec 6, 2017 6:30am
Quoting BeyondTheSea
{quote} No. I'm saving that for tonight. Just building a big fire now....
  • #1,172
  • Dec 6, 2017 8:43am Dec 6, 2017 8:43am
Hello everybody,

I'm new here, I can't find indicator for this view, can someone help me for this indicator and tpl
Thanks , have a nice trade
Attached Image (click to enlarge)
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  • #1,173
  • Dec 6, 2017 9:15am Dec 6, 2017 9:15am
CAD BOC Rate Statement
CAD Overnight Rate

Positive news could produce more 100pips.
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  • #1,174
  • Dec 6, 2017 9:44am Dec 6, 2017 9:44am
Today's possible and taken trades.
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  • #1,175
  • Dec 6, 2017 9:47am Dec 6, 2017 9:47am
BASIC PASR

Quoting rina53547
{quote} Hi Strat, Not intended to anything but learn. But i did wonder when i first read ur post said about reversal trading is for losers while for my CURRENT (Still page 49 on old thread) knowledge i still think that basic PASR (trades from Support to Resistance and Resistance to Support) is reversal trading. May u or anyone else here help me to understand? Regards, Rina
Hello Rina, I can UNDERSTAND anyone thinking basic PASR is reversal trading BUT the point is, with READING, LEARNING and UNDERSTANDING PASR, what might be considered basic PASR many times turns into a swing, or better still, a trend. We trade basic PASR when we SEE PRICE is in a trading range BUT, PRICE has to, and does, BREAK OUT of that range to make new swing highs and lows AND minor and MAJOR highs and lows.

While the reversal traders are ALWAYS looking for reversal levels of many descriptions, indicator crosses, indicator overbought and oversold levels, indicator tops and bottoms, divergence, heiken ashi candle colour changes, and certain candles, candle patterns, PASR traders are WATCHING and WAITING to SEE what PRICE does at these levels. Once we SEE PRICE ACTION in accordance with PASR, THEN and only THEN do we enter into a trade.

Please advise if you still have questions
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,176
  • Dec 6, 2017 9:56am Dec 6, 2017 9:56am
M5

Quoting bistolis
hello what do you think about the candles on the chart below? would those be good entries? what do you think Saad since you trade 5m ? {image}
Please do not post charts without their name

The candles you identified would be good entries BUT can YOU SEE them at the HARD RIGHT EDGE?
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,177
  • Dec 6, 2017 10:02am Dec 6, 2017 10:02am
PASR

Quoting 2hpriest
{quote} Good day bistolis, Finally downloaded the MA ribbons this morning. Please how do i apply it to my MT4 platform? (apologies for the disturbance) Thank you Emeka
If you do not know how to apply it in MT4 and are not capable of asking on Google how to do it, then what chance have you got in trading with it?
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,178
  • Dec 6, 2017 10:06am Dec 6, 2017 10:06am
Quoting strat
M5 {quote} Please do not post charts without their name The candles you identified would be good entries BUT can YOU SEE them at the HARD RIGHT EDGE?
hello
I cut out the part on purpose. I am looking for exactly those candles that highlighted on an established trend , on the right edge of the chart as you say

what I like most about your MAs is that they highlight the recent trend very nicely, and thats all I want to see on the left side of the chart
  • #1,179
  • Dec 6, 2017 10:10am Dec 6, 2017 10:10am
READ from POST #1 on both threads

Quoting fa1th
Hello everybody, I'm new here, I can't find indicator for this view, can someone help me for this indicator and tpl Thanks , have a nice trade {image}
This isn't a thread for TROLLS to jump in and ask for indicators and templates. This is a thread to LEARN and UNDERSTAND PASR. If you READ, LEARN and UNDERSTAND from Post #1 on BOTH threads, as all the consistently profitable PASR traders have done before you , THEN YOU can help yourself.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,180
  • Edited 10:52am Dec 6, 2017 10:27am | Edited 10:52am
M5

Quoting saad007
Today's possible and taken trades. {image} {image} {image} {image} {image} {image}
Be very, very careful of trading the CORRECTIVE WAVE after the trend - especially on high volatility pairs. While you have showed examples of profit on these, I can tell you that, overall, I have LOST on these, especially on M5.

You are in danger of WALKING ON WATER!

Remember, we are trading the pullbacks TO THE TREND and NOT the Corrective Waves AFTER the trend.
15 YEARS OF PASR ON FOREX FACTORY!
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