Strat's PASR Long Term, Stress Free Trading | Page 266 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

M5 PASR Trend Trading Strat 95 replies

My PASR Trend Trading Journals 3 replies

A young trader's road to profitability - PASR trading - Live 11 replies

Fibs trading and PASR 0 replies

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

Strat's PASR Long Term, Stress Free Trading

  • #5,301
  • Jun 4, 2018 12:40pm Jun 4, 2018 12:40pm
GBPNZD M5 PASR Trend Trading 40+ pips

Quoting fleurdelys
SL below wick hammer :Ratio 3 {image} I am not proud of the EUR USD trade because no sawtooth, I think SL above the engulfing. Ratio almost 3 {image}
Very good entry but horrible exit. You exited after a Shooting Star which is a PASR ENTRY!!!!!!!!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,302
  • Jun 4, 2018 12:52pm Jun 4, 2018 12:52pm
GBPAUD

BB in a down swing

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDMonthly.png Size: 46 KB


B is down, crossing MA72

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDWeekly.png Size: 46 KB


W on going BEEB (to be confirmed at market close)

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 55 KB


Could place a sell stop below BEEB

Do you think it is a possible setup given the big news coming on AUD
  • #5,303
  • Jun 4, 2018 1:49pm Jun 4, 2018 1:49pm
NZDJPY

here is another pair I m watching

BB and B rejected support (hammers)

Worker is crossing MA72 up

Would like to see price close above WCC

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYDaily.png Size: 53 KB
  • #5,304
  • Jun 4, 2018 6:00pm Jun 4, 2018 6:00pm
Break Even

Quoting fleurdelys
[quote = BeyondTheSea; 11126934] {quote} Continue de pratiquer. Essayez d'utiliser seulement 2 lignes, une pour le support et une pour la résistance. Utilisez une période plus longue, peut-être 1 heure ou 4 heures pour le graphique de 5 minutes. Zoom tout le chemin sur votre graphique et les niveaux deviennent très évidents. Arrêtez d'utiliser les indicateurs Pivot, les niveaux Fib / extensions et toute autre chose. Ils vont seulement interférer avec votre esprit. [/ Quote] Thank you I leave the H4, then H1 to find the support resistance ..... But...
Break Even is mostly used by Amateurs and those who don't understand its function but mostly by those who don't really know what they are doing and how it fits in with their PLAN. This results from not knowing what, which and how you are trading a particular strategy.

For example, if you are scalping, where your profit is only a few pips, you need, and must, go to Break Even as soon as you have enough profit to cover the spread and any commissions.

In Basic PASR, the only time I would move my initial Stop Loss to Break Even is when PRICE has successfully closed above/below minor "wobble zones".

In Swing PASR, and especially PASR Trend Trading, we mange our RISK as declared in our irreversible PLAN so that we allow PRICE room to BREATHE.

The teachings of PASR allow students to UNDERSTAND that PRICE moves in ""steps"" rather than straight lines. In Swing PASR these are bigger ""steps"" than in Basic PASR. In PASR Trend Trading, the "steps" are even bigger and more often than not are some derivative of a swing.

So, the ""trick"" is NOT moving your Stop Loss to Break Even as soon as possible and is just the opposite - UNDERSTAND what strategy you are trading and let PASR determine your Break Even if there is a need for one.

The "trick", if there is one, is letting PRICE BREATHE in your chosen trading strategy.

Finally, from Post 1 of my "old" original thread:

We are NOT Amateurs. Amateurs manage money by taking RISK. PROFESSIONALS manage RISK by taking money.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,305
  • Jun 4, 2018 6:10pm Jun 4, 2018 6:10pm
GBPAUD

Quoting Bestof27
GBPAUD BB in a down swing {image} B is down, crossing MA72 {image} W on going BEEB (to be confirmed at market close) {image} Could place a sell stop below BEEB Do you think it is a possible setup given the big news coming on AUD
Half assed analysis inconsistent with PASR

Big Boss is at SUPPORT

B is down, crossing MA72

PASR does NOT trade moving averages. As suggested to you MANY times, had you put the Strat Shadow on your charts, you would know what is happening.

Boss is at SUPPORT

Most PASR traders have been selling since May 4th and May 9th, 2018. Some of us have been selling since April 17 and April 26, 2018.

PASR does NOT trade at support or resistance whether it is ahead of news or not. PASR follows in the footprints of the Big Boys.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,306
  • Jun 4, 2018 6:16pm Jun 4, 2018 6:16pm
NZDJPY

Quoting Bestof27
NZDJPY here is another pair I m watching BB and B rejected support (hammers) Worker is crossing MA72 up Would like to see price close above WCC {image}
Worker is crossing MA72 up

NO, ITS NOT!

Would like to see price close above WCC

So you recognise you are trading from the mid point of the Weekly Control Candle

Do you UNDERSTAND the Market Structure of this pair?
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,307
  • Jun 5, 2018 3:36am Jun 5, 2018 3:36am
Quoting strat
The "trick", if there is one, is letting PRICE BREATHE in your chosen trading strategy.
Hi PASR traders,

Just a quick note to say hi to all.
I haven't hopped to some snake oil salesman thread, but rather I have been working a lot on my trading following Strat's teaching.
I just wanted to second what Strat says, trading is NOT micro-surgery, quite the opposite.
You must build a conviction about the INTENTION of the BIG BOYS about where they want to take price. Once you have confidence that your read is correct, you take a position but then, you stand by it.

Trading is very similar to life in that sense. Daily wobbles shouldn't destroy your personal convictions, unless your convictions are not solid enough.

The more I learn about trading, the more I learn about myself

Trade well
  • #5,308
  • Jun 5, 2018 4:06am Jun 5, 2018 4:06am
Good morning everyone
I'm trying to understand the usefulness of ATR.
I know it's to measure volatility, but I do not understand what that means.
For example on GBP AUD
Attached Image (click to enlarge)
Click to Enlarge Name: ATR.jpg Size: 103 KB

ATR (10periods) = 17 pips only.
What does his 17 pips mean in 10 periods?
On 10 pips I have a variation of almost 100 pips.
So I do not understand how is calculated ATR nor what it can represent with 17 pips.
Thank you

It's a pity that we can not look for short words in the topic!
  • #5,309
  • Jun 5, 2018 4:45am Jun 5, 2018 4:45am
Quoting fleurdelys
Good morning everyone I'm trying to understand the usefulness of ATR. I know it's to measure volatility, but I do not understand what that means. For example on GBP AUD {image} ATR (10periods) = 17 pips only. What does his 17 pips mean in 10 periods? On 10 pips I have a variation of almost 100 pips. So I do not understand how is calculated ATR nor what it can represent with 17 pips. Thank you It's a pity that we can not look for short words in the topic!
Based on the last 10 bars (because you are using ATR 10), the average between high and low of a bar is 17
In stats, it is called variance
  • #5,310
  • Jun 5, 2018 5:14am Jun 5, 2018 5:14am
Quoting fleurdelys
Good morning everyone I'm trying to understand the usefulness of ATR. I know it's to measure volatility, but I do not understand what that means. For example on GBP AUD {image} ATR (10periods) = 17 pips only. What does his 17 pips mean in 10 periods? On 10 pips I have a variation of almost 100 pips. So I do not understand how is calculated ATR nor what it can represent with 17 pips. Thank you It's a pity that we can not look for short words in the topic!
I've also seen it used for intraday trading, for example if price has already moved 80% of whatever period ATR it's probably not going to give you much more to work with.
  • #5,311
  • Jun 5, 2018 5:25am Jun 5, 2018 5:25am
Thank you, I understand the math better now.
So it shows, if we can still have space to hope to win?
Is this useful for M5 PASR Shadow?
does this look good for SwingTrading Long Term?
  • #5,312
  • Jun 5, 2018 5:33am Jun 5, 2018 5:33am
The reasoning is correct?
ATR(10) = 128pips
80% ATR(10) = 102pips
We can see a movement of about 100 pips today
Attached Image (click to enlarge)
Click to Enlarge Name: [GBPAUD,Daily].jpg Size: 111 KB
  • #5,313
  • Jun 5, 2018 6:23am Jun 5, 2018 6:23am
Quoting fleurdelys
The reasoning is correct? ATR(10) = 128pips 80% ATR(10) = 102pips We can see a movement of about 100 pips today {image}
It's not set in stone. More of a guide, like the yen pairs can move quite some distance before London opens, then not move for the rest of the day. But it could also move double the ATR. I would say for you to ignore it for the moment, and focus on what strat is teaching for targeting support and resistance areas.
  • #5,314
  • Jun 5, 2018 8:20am Jun 5, 2018 8:20am
Quoting fleurdelys
The reasoning is correct? ATR(10) = 128pips 80% ATR(10) = 102pips We can see a movement of about 100 pips today {image}

The average true range (ATR) is a measure of volatility introduced by Welles Wilder in his book, "New Concepts in Technical Trading Systems."


I have always thought the word "True" should not be in there. More for marketing in my opinion. My brain cell wonders "How can something be average and true at the same time?"

In relation to price; the only thing that is "true" is where price is right now.

"Average Range" just doesn't sound as good as "Average True Range"
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,315
  • Jun 5, 2018 8:34am Jun 5, 2018 8:34am
Quoting fleurdelys
The reasoning is correct? ATR(10) = 128pips 80% ATR(10) = 102pips We can see a movement of about 100 pips today {image}
No, the average temperature in a year could be 15 degrees, but I would not bet on it in December.
It is just a number that Strat uses to find the most volatile pairs to trade on M5 in general, but absolutely not something that you should use in any way in my opinion. Just trade his favorite pairs (no pun intended), and you should be good to go
  • #5,316
  • Jun 5, 2018 12:01pm Jun 5, 2018 12:01pm
Quoting strat
NZDJPY {quote} Worker is crossing MA72 up NO, ITS NOT! Would like to see price close above WCC So you recognise you are trading from the mid point of the Weekly Control Candle Do you UNDERSTAND the Market Structure of this pair?
Thank you for your help

I m not trading anything at the moment as I feel a bit lost on the PATH... This is why I m posting ideas (bad for the moment) to get back on track.

As Market structure I think you are referring to a coil pattern
  • #5,317
  • Edited 12:45pm Jun 5, 2018 12:16pm | Edited 12:45pm
Quoting Bestof27
{quote} Thank you for your help I m not trading anything at the moment as I feel a bit lost on the PATH... This is why I m posting ideas (bad for the moment) to get back on track. As Market structure I think you are referring to a coil pattern
Hi Bestof

We've all been there. It sometimes can feel a bit like writer's block, I like to look for levels and then look back to see how they worked out.

Just looking through a few this one popped up, I didn't trade it but I marked it a couple of months ago. Now look!

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 69 KB


Maybe keep spotting levels whilst not trading. It helps A LOT!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #5,318
  • Jun 5, 2018 12:21pm Jun 5, 2018 12:21pm
Quoting strat
NZDJPY {quote} Worker is crossing MA72 up NO, ITS NOT! Would like to see price close above WCC So you recognise you are trading from the mid point of the Weekly Control Candle Do you UNDERSTAND the Market Structure of this pair?
GBPUSD

As an educational example, do you think that there could be a possible buy trade on this pair

Hammer on the Boss at support last week
A potential BEEB on the worker to be confirmed at market close
But WCC range is only 200 pips for 120 pips SL

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 51 KB
  • #5,319
  • Jun 5, 2018 12:54pm Jun 5, 2018 12:54pm
Quoting Bestof27
{quote} GBPUSD As an educational example, do you think that there could be a possible buy trade on this pair Hammer on the Boss at support last week A potential BEEB on the worker to be confirmed at market close But WCC range is only 200 pips for 120 pips SL {image}
I have levels of 1.3295 Support, 1.3522 Resistance, 1.3745 Resistance. Plus dynamic resistance.

Personally I am NOT looking to BUY here. Or indeed do ANYTHING, yet....
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #5,320
  • Jun 5, 2018 2:16pm Jun 5, 2018 2:16pm
Quoting BeyondTheSea
{quote} I have levels of 1.3295 Support, 1.3522 Resistance, 1.3745 Resistance. Plus dynamic resistance. Personally I am NOT looking to BUY here. Or indeed do ANYTHING, yet....
Is my view totally wrong ?
7 traders viewing now