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Strat's PASR Long Term, Stress Free Trading

  • #8,881
  • Edited 3:17pm Nov 21, 2018 3:07pm | Edited 3:17pm
AUD/CAD
Its been a while since i ve postedbut now i am back with another try.
This time my BB is weekly B is Daily and W is H4 charts.
So here s how i see it
BB there is an up stream coming from deep (red shadow) but last week it seems it has lost its strength.
B Also an uptrend has formed and been established really well for at least 40 days but it seems it cant overcome the resistance level (which is designated from the monthly chart indicating a strong level.
W the candle before the last is a shooting although i would prefer it with a longer wick and not that small tail , the last candle confirms that the resistance has hold and sellers are taking control again fot third time.
i believe going short is decent swing PASR trade with a stop loss at 200 ema at weekly chart and tp at 0.9315
On the other hand looking at the weekly chart another interpretation would be that price is trapped at the WWC wich is the previous week candle. BUT as i stated above i am considering the weekly as BB so the management of my trading will be at H4 chart.
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  • #8,882
  • Nov 21, 2018 5:35pm Nov 21, 2018 5:35pm
PASR THE PATH

Quoting macuba
AUD/CAD Its been a while since i ve postedbut now i am back with another try. This time my BB is weekly B is Daily and W is H4 charts. So here s how i see it BB there is an up stream coming from deep (red shadow) but last week it seems it has lost its strength. B Also an uptrend has formed and been established really well for at least 40 days but it seems it cant overcome the resistance level (which is designated from the monthly chart indicating a strong level. W the candle before the last is a shooting although i would prefer it with a longer...
now i am back with another try

Another try?? Trading is not just "another try", trading is taking all the opportunities PASR presents. The more you do, the better you become.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,883
  • Nov 21, 2018 5:36pm Nov 21, 2018 5:36pm
Happy Thanksgiving to those who celebrate it
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,884
  • Edited 6:22pm Nov 21, 2018 5:43pm | Edited 6:22pm
Quoting strat
NZDCAD H4 and GBPAUD M15 PASR Trend Trading {quote} Well done, Suranga - a BIG STEP on THE PATH for you! I still suck at holding these trades And you will continue to "suck" with this NEGATIVE mind set!!!!! Change it around to a POSITIVE mindset such as ""I am getting better at holding my trend positions with each trend trade I take"". I felt its more than my little people could handle This is because you are FEEDING your Little People with NEGATIVITY - take their food away from them
Hi Strat,

Yes, I realized my negative mind set slows my development. but with each day passes in this Forum (with your help) I see my mind set slowly develops. some time ago adding-on to a trade was like a dream,But now I slowly learning..Thanks a lot for the help and guidance you giving here.




BTW

I also received a massage from some one (Ali.J) ..
Attached Image


He seams in The Path... Reading..for last many weeks.. Please reconsider ..

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Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #8,885
  • Nov 21, 2018 6:36pm Nov 21, 2018 6:36pm
Quoting strat
EURUSD {quote} Only Rub made comments - TRADER HELPING TRADERS - why no-one else commenting? Big Boss: The price had make a bearish momentum bar (as well as BEEB) on last candle. Current opening candle shown that price went below hammer low and pushed back up. Seems like there are buyers who bough hammer on August and is now hurting them by taking out their SL. Price is in swing down. Both you and Rub are looking at the Big Boss as if you were going to trade it. AGAIN, for the umpteenth time - we do NOT trade the Big Boss - The Big Boss is a bird's...
Hi Strat,

On February the price just reverse. If we trying to trade Big Boss on Worker, we might wanting to get in bullish from Feb to April as we going to think it is still on up swing, which we could not trade it the right way. Am I understand it right?

On weekly, my mistake was I actually go and check in pip detail that the Nov 4 week is closing 5pips below Oct 21 week low. I should remember that even if it is a couple pips off, it is still around that price.
  • #8,886
  • Nov 21, 2018 6:48pm Nov 21, 2018 6:48pm
PASR THE PATH

Quoting Suran
{quote} Hi Strat, Yes, I realized my negative mind set slows my development. but with each day passes in this Forum (with your help) I see my mind set slowly develops. some time ago adding-on to a trade was like a dream,But now I slowly learning..Thanks a lot for the help and guidance you giving here. BTW I also received a massage from some one (Ali.J) .. {image} He seems in The Path... Reading..for last many weeks.. Please reconsider .. {image} Suranga
I also received a massage from some one (Ali.J)

Reading..for last many weeks.. Please reconsider ..

Reading and ""DOING"" are two entirely different activities

I previously offered to reinstate him providing others were prepared to work with him (I am not). At that time there were no offers.

My offer still stands. Anyone willing to tutor him?
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,887
  • Nov 21, 2018 6:50pm Nov 21, 2018 6:50pm
Quoting macuba
AUD/CAD Its been a while since i ve postedbut now i am back with another try. This time my BB is weekly B is Daily and W is H4 charts. So here s how i see it BB there is an up stream coming from deep (red shadow) but last week it seems it has lost its strength. B Also an uptrend has formed and been established really well for at least 40 days but it seems it cant overcome the resistance level (which is designated from the monthly chart indicating a strong level. W the candle before the last is a shooting although i would prefer it with a longer...
Hi macuba,

WCC will only be confirmed after it is closed. So there is no control candle on your weekly chart yet. WCC can be traded in H4, though you can read back WCC relevant thread for more detail.

You get a control candle on your boss as well, which causes the ranging on your worker. I will wait for further PA if I want to trade on AUDCAD H4, that actually a sore thumb PA or one that close us away from SR.
  • #8,888
  • Nov 21, 2018 6:58pm Nov 21, 2018 6:58pm
Quoting strat
PASR THE PATH {quote} But by then you will have forgotten what you learned on Post 1! You should be familiar with the saying "Practice makes Perfect". Just in case you have already "forgotten" these: "'Tell me and I forget, teach me and I may remember, involve me and I learn." {image} {image}
Ok here is my first bullet.

EURCAD

BB
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BB is falling since april

B
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Boss is making lower lows/highs and is now in an weekly control candle, but rejected twice from 200MA

W
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BEEB at the top of the WCC, so i would set a sell trade. But i am unsure where to set my tp. Because with the support at 1.493 i have a bad RR
  • #8,889
  • Edited Nov 22, 2018 6:21pm Nov 21, 2018 7:11pm | Edited Nov 22, 2018 6:21pm
EURAUD

BB
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Price hit resistance and went down. It is ranging between BRN 1.36 and 1.63. Hitting Strat Shadow and 200ema so expect a wobble is lower TF.

B
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Price is in down swing, is now testing the floor of Strat Shadow.

W
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BEOB with SR confluence Strat Shadow confluence 200ema.

SL - 1.58689 (2x ATR5 slightly above the higher SL since it is close to the PA.
Entry - 1.5662 (Couple pips below BEOB)
TP1 - 1.5560 (ATR5, also around last swing low)
TP2 - 1.5461 (Next immediate SR)
TP3 - Trailing SL with confirmed swing high and elaborative reverse PASR
  • #8,890
  • Nov 21, 2018 9:31pm Nov 21, 2018 9:31pm
Quoting strat
Happy Thanksgiving to those who celebrate it
As I am coming from Asian country..Thanks giving concept is too alien to me. So I did a little research 'What is Thanks giving?" . It came out we can thank any body who giving US something..So hope I got it correct .if not still its good..


So This is for YOU Strat

Happy Thanks giving day..!.. Strat our Dear Teacher. Without You we would have never learn this much (and still it's long long way to go) . But I know as long as You exists you will be there for US. And that means a lot.

Attached Image (click to enlarge)
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And Happy thanks giving everybody..


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #8,891
  • Edited 10:25pm Nov 21, 2018 9:49pm | Edited 10:25pm
Quoting Heimrich
{quote} Ok here is my first bullet. EURCAD BB{image} BB is falling since april B{image} Boss is making lower lows/highs and is now in an weekly control candle, but rejected twice from 200MA W{image} BEEB at the top of the WCC, so i would set a sell trade. But i am unsure where to set my tp. Because with the support at 1.493 i have a bad RR
Hi Heimrich,
Nice shot. However, I have different view on this. See my view on your analysis.

Boss- see the long wicks (purple box)
Attached Image


Worker chart- see the purple box and subsequent bullish bars and the way it crossed Strat Shadow. It might find support in Strat Shadow and continue long. for me this is not the best place to go short.
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Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #8,892
  • Nov 21, 2018 9:51pm Nov 21, 2018 9:51pm
Quoting Suran
{quote} As I am coming from Asian country..Thanks giving concept is too alien to me. So I did a little research 'What is Thanks giving?" . It came out we can thank any body who giving US something..So hope I got it correct .if not still its good.. So This is for YOU Strat Happy Thanks giving day..!.. Strat our Dear Teacher. Without You we would have never learn this much (and still it's long long way to go) . But I know as long as You exists you will be there for US. And that means a lot. {image} And Happy thanks giving everybody.. Suranga
Suran, I second you.
  • #8,893
  • Nov 22, 2018 12:11am Nov 22, 2018 12:11am
Quoting strat
AUDJPY H4 {quote} Well done, Ben Watch for PASR around your target as this pair is "twitchy and jerky" around support and resistance.
Thanks strat. I have to admit I did miss the weekly control candle on EUR/USD in relation to huatzhi's post.

Also if everyone could stop posting when I'm asleep that'd be good! You know, just alter your whole life to suit me....

I'm kidding, for those who English is another language.


Quoting TerryDawe
{quote} Your AUDUSD H4 trade looks good. Only comment I have is that if price breaks through BRN 82.00, the next area of resistance seems to be the 82.50 area so may consider taking profit there.
Thanks, Currently have my TP at 82.65 but I'll be watching price action to see what happens.


Quoting Heimrich
{quote} Ok here is my first bullet. EURCAD BB{image} BB is falling since april B{image} Boss is making lower lows/highs and is now in an weekly control candle, but rejected twice from 200MA W{image} BEEB at the top of the WCC, so i would set a sell trade. But i am unsure where to set my tp. Because with the support at 1.493 i have a bad RR
I currently have EUR/CAD in a range from the start of the year, with price testing the top of the range, resistance, top of a weekly control candle, and 200EMA on the daily chart. If you're not happy with the risk to the reward you can try to find price action on the lower charts like the four hour, or you can skip it entirely. No trade is a quite valid choice, there is nothing wrong with living to trade another day.

Quoting huatzhi
(Last post for now until 9 Hrs later when I came back) EURAUD BB {image} Price hit resistance and went down. It is ranging between BRN 1.36 and 1.63. Hitting Strat Shadow and 200ema so expect a wobble is lower TF. B {image} Price is in down swing, is now testing the floor of Strat Shadow. W {image} BEOB with SR confluence Strat Shadow confluence 200ema. SL - 1.58689 (2x ATR5 slightly above the higher SL since it is close to the PA. Entry - 1.5662 (Couple pips below BEOB) TP1 - 1.5560 (ATR5, also around last swing low) TP2 - 1.5461 (Next immediate...
huatzhi, look left about the 1.5650 level on your worker chart. It also seems apparent to me on the boss chart. I think you're trading straight into support.
  • #8,894
  • Nov 22, 2018 12:24am Nov 22, 2018 12:24am
Quoting strat
Wiped-Out Hedge Fund Manager Confessed His Losses on YouTube {quote} https://www.bbc.com/news/business-46295109 Thanks for posting this, Arno It is really hard to believe if this guy really was a ""Professional, Licenced Hedge Fund Manager"" as he did just about everything wrong! I learned my lesson on Natural Gas (and Energy instruments) trading Futures in the 80s and 90s and still have the scars from it. I find it hard to believe that an experienced, licenced trading professional would commit funds of clients to it.
Quoting darko2010
{quote} A lot of people have more money than common sense, look at the billions evaporated on bitcoin when it was at 20,000$ Lots of fund managers cannot replicate their positive performances year on year and those who do have one single thing in common: they manage risk more than they manage returns
Strat's words trading risk for profit is on point.
  • #8,895
  • Nov 22, 2018 12:48am Nov 22, 2018 12:48am
Ali.J

Quoting strat
PASR THE PATH {quote} I also received a massage from some one (Ali.J) Reading..for last many weeks.. Please reconsider .. Reading and ""DOING"" are two entirely different activities I previously offered to reinstate him providing others were prepared to work with him (I am not). At that time there were no offers. My offer still stands. Anyone willing to tutor him?

Hi Strat,


I previously offered to reinstate him providing others were prepared to work with him (I am not). At that time there were no offers. My offer still stands. Anyone willing to tutor him?

Is this offer open to me also?

If yes, then I will try to help (and may b others might also help I believe) until a day comes that he proves worthy to you. I am no expert (nor Tutor..) just reading the ABC's in PASR. Not even finished reading THE PATH.

May be He leaned the lessen ..who knows..

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #8,896
  • Edited 4:40am Nov 22, 2018 4:26am | Edited 4:40am
GBP NZD M5 Trend Trading

Today ist was like in a textbook. Entry was fine, price never moved below my entry after I opened the position and in the end PASR showed the right way again (in the end: +90 pips).

Attached Image (click to enlarge)
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All the best.
Markus
  • #8,897
  • Nov 22, 2018 4:32am Nov 22, 2018 4:32am
Hi
If I may ask. I am way back on old thread and I see Strat used trend lines, now he doesn't use it any more as I see on recent posts, were the trend lines replaced with Strat shadow? I know I need to read all at the first so mybe the question is not proper, but shall I focus on TLs or not?
Thanks
Igor
  • #8,898
  • Edited Nov 23, 2018 1:15am Nov 22, 2018 4:37am | Edited Nov 23, 2018 1:15am
Quoting Francl
Hi If I may ask. I am way back on old thread and I see Strat used trend lines, now he doesn't use it any more as I see on recent posts, were the trend lines replaced with Strat shadow? I know I need to read all at the first so mybe the question is not proper, but shall I focus on TLs or not? Thanks Igor
Hi Igor,
I guess (respectively I am sure ) Strat doesn't use it any more as he doesn't need trendlines to SEE the trend.
The Strat shadow shows us the trend too. When you need the trendlines for yourself and if it helps you at the beginning then use it.
I don't use it either, as too many lines on my chart confuse me. But as trading is a very personal thing, you should find your own way. When you proceed on the path you will realize that you don't need trendlines.

Greetings, Markus
  • #8,899
  • Nov 22, 2018 5:46am Nov 22, 2018 5:46am
Quoting strat
Holidays {quote} I have wondered at times if BIG traders at times take advantage of lower volume days to manipulate price more. I can't remember whether I posted this in my "old" 2009 thread or my expired private website but I attended a paid course on "Big Volatility Candles". The subject of low volatility and holiday trading came up for discussion where both the presenter and an Asset Manager of an Institutional Bank in the audience, confirmed that they look to trade PRICE at extremes on low volatility during holidays for a quick scalp.
Strat, what you said just came true. They played the trick on the GBP pairs just now.
  • #8,900
  • Nov 22, 2018 6:48am Nov 22, 2018 6:48am
EUR AUD M5

Will also post a loser trade today. To be honest this one looked really nice when I opened the position. BUEB (entry) was right above my S/R.
In the end, after price closed below my SL-level (which was tested a few times) I stopped out my position (in the end: -18 pips).

Attached Image (click to enlarge)
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Greetings, Markus
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