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Strat's PASR Long Term, Stress Free Trading

  • #5,801
  • Jul 11, 2018 12:42pm Jul 11, 2018 12:42pm
Hello Strat, i have a *maybe, a fool question"...

Last night i was thinking about the "correlations" of Forex... we need to take care about that?

This is just an example, the currencies and everything is an example and right now im not looking the charts:

If we got a Buy Signal GBP/USD and we got a Sell Signal in GBP/JPY and we doesnt have any signal in GBP/CAD

we need to take care about GBP? or each currency we need to treat it as an unique unit? If i have a buy signal in GU, then Buy... if i have a sell signal in GJ, then Sell... at the same time.?

That question just arrive last night and i dont know if is a foolish question or not, thank you. My Main is Dow Jones and in the last months i just jump to Forex Long Term.
  • #5,802
  • Jul 11, 2018 12:54pm Jul 11, 2018 12:54pm
PASR

Quoting HappyTrend
Hello Strat, i have a *maybe, a fool question"... Last night i was thinking about the "correlations" of Forex... we need to take care about that? This is just an example, the currencies and everything is an example and right now im not looking the charts: If we got a Buy Signal GBP/USD and we got a Sell Signal in GBP/JPY and we doesnt have any signal in GBP/CAD we need to take care about GBP? or each currency we need to treat it as an unique unit? If i have a buy signal in GU, then Buy... if i have a sell signal in GJ, then Sell... at the same time.?...
I used correlation in my Futures and Currency trading and carried this over into my early PASR days. I soon gave up when the correlation theory in forex did not work and actually went against me. On my old thread, I traded USDCHF against EURUSD because it was ""supposedly"" inversely correlated - it was - UNTIL it WAS NOT! Remember, forex trades PAIRS and NOT a single currency.

Everything you need to know about a forex pair is on that pair's chart - not any other chart.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,803
  • Jul 11, 2018 1:12pm Jul 11, 2018 1:12pm
Quoting strat
PASR {quote} I used correlation in my Futures and Currency trading and carried this over into my early PASR days. I soon gave up when the correlation theory in forex did not work and actually went against me. On my old thread, I traded USDCHF against EURUSD because it was ""supposedly"" inversely correlated - it was - UNTIL it WAS NOT! Remember, forex trades PAIRS and NOT a single currency. Everything you need to know about a forex pair is on that pair's chart - not any other chart.
Hahaha yes i have been ignoring that stuff of "correlation", well not ignoring at all i just skip my trades but only watched the movement... And yes, the important thing is the Chart and not what "currency" is it... The Charts are fractals and is the same thing in everything haha. Thank you.
  • #5,804
  • Jul 11, 2018 1:16pm Jul 11, 2018 1:16pm
Quoting strat
Must be a bloody long wedding, blueman! {image}




Slow summer time for me, but I still see nice moves. enjoy
  • #5,805
  • Jul 11, 2018 1:21pm Jul 11, 2018 1:21pm
PA working on Gold again, gold seems to be my favorite thing to trade. Jumped back after taking the profits from last swing.
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  • #5,806
  • Jul 12, 2018 1:45pm Jul 12, 2018 1:45pm
PASR Swing Trading

So while you are all sat twiddling your thumbs waiting for something to happen on longer time frames, why not trade shorter time frames?

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,807
  • Jul 12, 2018 3:08pm Jul 12, 2018 3:08pm
Quoting strat
PASR Swing Trading So while you are all sat twiddling your thumbs waiting for something to happen on longer time frames, why not trade shorter time frames? {image} {image} {image}
Something like this?

AUD/USD H1
Heres another 400+ pips from an H1 entry at H4 resistance (9 little lots scaled in when price confirmed).

H4 resistance area tested and price started to stall. Put a couple of small orders in to see if price would confirm my thoughts and as it did BOOM, scaled in and a nice little move down on the H4 swing.
Nice price action BEEB appeared on H1 which was my first entry. Should have entered again and hammered it harder after price re-tested resistance and failed but still learning. Also had more downside but I'm not greedy. Hit my financial target and took the money.

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Study enough and it all starts looking like the Matrix...
  • #5,808
  • Jul 12, 2018 3:19pm Jul 12, 2018 3:19pm
AUDUSD H1

Quoting samsonwebdes
{quote} Something like this? AUD/USD H1 Heres another 400+ pips from an H1 entry at H4 resistance (9 little lots scaled in when price confirmed). H4 resistance area tested and price started to stall. Put a couple of small orders in to see if price would confirm my thoughts and as it did BOOM, scaled in and a nice little move down on the H4 swing. Nice price action BEEB appeared on H1 which was my first entry. Should have entered again and hammered it harder after price re-tested resistance and failed but still learning. Also had more downside but...
Exactly!

You are the Master of H4 Swing Trading!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,809
  • Jul 12, 2018 3:22pm Jul 12, 2018 3:22pm
EURUSD

Now back to longer time frames

Early warning of long term positions being accumulated at the blue rectangle which is DEMAND

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,810
  • Jul 13, 2018 4:43am Jul 13, 2018 4:43am
Quoting samsonwebdes
{quote} Something like this? AUD/USD H1 Heres another 400+ pips from an H1 entry at H4 resistance (9 little lots scaled in when price confirmed). H4 resistance area tested and price started to stall. Put a couple of small orders in to see if price would confirm my thoughts and as it did BOOM, scaled in and a nice little move down on the H4 swing. Nice price action BEEB appeared on H1 which was my first entry. Should have entered again and hammered it harder after price re-tested resistance and failed but still learning. Also had more downside but...
Despite my recent post on USD/CAD boss, this is the stuff I don't get. I can ride a trend ok like every other muppet, but despite years of trying to work this stuff out on any time frame I still can't seem to "get" it when it's in front of me. I can see the why in these charts, but doing it real time? Even if I'd entered where you did I reckon I would've been shaken out by that retracement.
Don't get me wrong I'm doing much better than I was at the start of the year, but damned if it isn't frustrating seeing this stuff and not quite grasping it.
  • #5,811
  • Jul 13, 2018 5:15am Jul 13, 2018 5:15am
Quoting Rub
{quote} Despite my recent post on USD/CAD boss, this is the stuff I don't get. I can ride a trend ok like every other muppet, but despite years of trying to work this stuff out on any time frame I still can't seem to "get" it when it's in front of me. I can see the why in these charts, but doing it real time? Even if I'd entered where you did I reckon I would've been shaken out by that retracement. Don't get me wrong I'm doing much better than I was at the start of the year, but damned if it isn't frustrating seeing this stuff and not quite grasping...
I know what you mean Rub, but in order to succeed in trading, it seems to me that we need to get rid of our expectation for linearity. Price wiggles, all you can hope for is that you saw where the Big Boys are taking price. I still second guess myself at times and I am far from being at ease, but every time I stand by my rules, good things happen. That's also why I trade M5, I can't stomach such corrections for now.

It seems like I have been applying Strat's strategy forever but it has just been a few months, so I hope to improve.
  • #5,812
  • Jul 13, 2018 5:53am Jul 13, 2018 5:53am
Quoting HappyTrend
Hello Strat, i have a *maybe, a fool question"... Last night i was thinking about the "correlations" of Forex... we need to take care about that? This is just an example, the currencies and everything is an example and right now im not looking the charts: If we got a Buy Signal GBP/USD and we got a Sell Signal in GBP/JPY and we doesnt have any signal in GBP/CAD we need to take care about GBP? or each currency we need to treat it as an unique unit? If i have a buy signal in GU, then Buy... if i have a sell signal in GJ, then Sell... at the same time.?...
Try compare EURUSD vs USDSEK, or US OIL vs. UK OIL. There are indeed correlations you can take advantage of. If you can add 5% more edge from it, why not?? Coin tossing is 50% odd, and people want 20-30% more odd from it. 5% more edge can be significant.
https://www.forexfactory.com/attachm...0&d=1530697924
https://www.forexfactory.com/attachm...3&d=1529974193
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #5,813
  • Jul 13, 2018 7:18am Jul 13, 2018 7:18am
GBP/JPY M5

Break of worker and boss support continuing a trend started in Asian trading at around 09:15 am London. Exit for a small profit after break/rejection of first profit target which was in confluence with worker resistance.
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  • #5,814
  • Jul 13, 2018 10:34am Jul 13, 2018 10:34am
PASR Swing Trading

Quoting Rub
{quote} Despite my recent post on USD/CAD boss, this is the stuff I don't get. I can ride a trend ok like every other muppet, but despite years of trying to work this stuff out on any time frame I still can't seem to "get" it when it's in front of me. I can see the why in these charts, but doing it real time? Even if I'd entered where you did I reckon I would've been shaken out by that retracement. Don't get me wrong I'm doing much better than I was at the start of the year, but damned if it isn't frustrating seeing this stuff and not quite grasping...
Don't be so hard on yourself, Rub. Trading to be CONSISTENTLY profitable takes a lot of experience resulting from thousands of hours studying, practicing and trading. Do not expect to do all the facets of PASR in one big lump. Split it into sections that you can understand and trade profitably.

PASR Swing trading is different to Basic PASR and Trend PASR and requires the usual amount of understanding, study, time and practice so don't expect to "flick a switch" and be profitable just because you ""think"" you understand PASR.

Even if I'd entered where you did I reckon I would've been shaken out by that retracement.

This is because you don't understand PASR Swing trading. Samson is NOT trading H1 - he is trading the H4 Swing on the H1 time frame. He knows where the H4 Swing starts and has a pretty good idea where it ends. He is not concerned with PRICE zig zags in between. His PLAN revolves on and around the H4 Swing and allows him to Add On at pull backs to that Swing.

I am sure Samson will add anything I have missed out or something to help you.

Don't get me wrong I'm doing much better than I was at the start of the year,

Keep on doing MORE of this and don't worry about the things you can't control................yet.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,815
  • Jul 13, 2018 10:36am Jul 13, 2018 10:36am
Quoting heispark
{quote} Try compare EURUSD vs USDSEK, or US OIL vs. UK OIL. There are indeed correlations you can take advantage of. If you can add 5% more edge from it, why not?? Coin tossing is 50% odd, and people want 20-30% more odd from it. 5% more edge can be significant. https://www.forexfactory.com/attachm...0&d=1530697924 https://www.forexfactory.com/attachm...3&d=1529974193

Already compare in a few pairs before i ask my question... and Correlations doesnt add you any % of the "edge"....

Already i have seen buy set up and sell set up in a pairs that is "suppose" to be in correlations with a high porcent, and both end in profits.

Every Chart is Unique. GoodLuck.
  • #5,816
  • Jul 13, 2018 10:46am Jul 13, 2018 10:46am
Quoting strat
EURUSD Now back to longer time frames Early warning of long term positions being accumulated at the blue rectangle which is DEMAND {image}
Hi Strat,

Since I started learning how to trade, Demand and Supply seems to confuse me. What is the difference between Demand and Supply versus Support and Resistance?

From what I see, it seems like demand is price unable to close below a zone, forming multiple wicks in the process.

Would you consider AUDUSD and GBPUSD as accumulation of demand as well?
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Would appreciate your reply, as well as other members on this thread.
  • #5,817
  • Jul 13, 2018 11:32am Jul 13, 2018 11:32am
PASR

Quoting MikuSS
{quote} Hi Strat, Since I started learning how to trade, Demand and Supply seems to confuse me. What is the difference between Demand and Supply versus Support and Resistance? From what I see, it seems like demand is price unable to close below a zone, forming multiple wicks in the process. Would you consider AUDUSD and GBPUSD as accumulation of demand as well? {image} {image} Would appreciate your reply, as well as other members on this thread.
Supply and Demand is very different to Resistance and Support.

You can do a search on the web and get some very fancy and complicated answers, most of which do not help in practical trading.

There are self proclaimed experts, gurus and "know it alls" on here and other public and private trading forums who trade Supply and Demand - some profitably, others just pretending/dreaming. Still, there are others who understand it like no other yet can't explain how to use it in practical trading. Then there is the "herd" - the 95% who trade Supply as Resistance and Demand as Support and don't know the difference or how to use either.

My ""SIMPLE"" understanding of Supply and Demand is what has worked for me over the years so I don't care whether it is "right" or "wrong" nor do I care what others think or say. Trading is SIMPLE (but not easy). PASR is SIMPLE (but not easy) so everything I do in PASR has to be SIMPLE.

So, DEMAND, in PASR terms, is that PRICE level over a period of time (usually years and, the longer, the more accurate) where PRICE did not go lower and formed a mounting pad to ACCUMULATE (build) long positions from which PRICE made a HUGE move.

Supply, in PASR terms, is that PRICE level over a period of time (usually years and, the longer, the more accurate) where PRICE did not go higher and formed a mounting pad to DISTRUBUTE (build) short positions from which PRICE made a HUGE move.

In my SIMPLE trading mind, I think of Supply and Demand as the MAJOR SWING on the HIGHEST time frame of the PASR strategy I am trading.

In between Supply and Demand are Resistance and Support and MINOR swings.

This is an example of EURUSD

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Again, this is MY understanding and USE of Supply and Demand with PASR.

It may not meet the mainstream or others definition but again, I don't care, I trade PASR NOT what others trade or want me to trade.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,818
  • Jul 13, 2018 11:46am Jul 13, 2018 11:46am
Quoting strat
PASR {quote} My ""SIMPLE"" understanding of Supply and Demand is what has worked for me over the years so I don't care whether it is "right" or "wrong" nor do I care what others think or say.
Hahaha yes! , I call them "Buyers and Sellers Zone" but in the end, is the same thing haha.


Hey Strat i have a question about your trades Monthly Weekly Daily. Studyng and Studyng, my psychology doesnt allow me even to watch the Monthly Charts (i dont know why..) And i can understand 100% Why you trade only Daily but i have a question about your targets time.

I mean, You are going to short from a resistance Monthly... And in the path you dont have any support until very lower... You got ur short signal and entry... and days even weeks is making bearish and more bearish. But in the path, you need some profits for withdraw and pay or buy something... You just close partial profits for it?
  • #5,819
  • Jul 13, 2018 12:36pm Jul 13, 2018 12:36pm
Quoting strat
PASR {quote} Supply and Demand is very different to Resistance and Support. You can do a search on the web and get some very fancy and complicated answers, most of which do not help in practical trading. There are self proclaimed experts, gurus and "know it alls" on here and other public and private trading forums who trade Supply and Demand - some profitably, others just pretending/dreaming. Still, there are others who understand it like no other yet can't explain how to use it in practical trading. Then there is the "herd" - the 95% who trade...
Thank you for your detailed explanation Strat.

Yes, there are so many different explanation and 'usage' of Demand and Supply on the web, it is good to hear what you say as well.

I will study it intently this weekend.

Have a good weekend everyone.
  • #5,820
  • Jul 13, 2018 12:43pm Jul 13, 2018 12:43pm
Quoting Humbucker
GBP/JPY M5 Break of worker and boss support continuing a trend started in Asian trading at around 09:15 am London. Exit for a small profit after break/rejection of first profit target which was in confluence with worker resistance. {image}
Hi Humbucker,

I was in a similar trade as you, but I exited earlier than you. I chickened out after seeing 3 wicky candles. Still trying to get used to trading M5. Coincidentally, around the same price.

Well, a profit is a profit. Hopefully I can improve on this strategy.

Perhaps the highlighted Hammer candle would be a good sign for us to exit.

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