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Strat's PASR Long Term, Stress Free Trading

  • #5,341
  • Jun 6, 2018 4:45am Jun 6, 2018 4:45am
Strat's M5 PASR Trading

Guys, if you really understand the genius of Strat's M5 strategy, he has given you the golden ticket to Fat City every time.
However, you MUST understand how he came up with that, why price reacts the way it does under certain conditions, and not jump at every remarkable candle.
The shadow is not an indicator, don't use it as such. It can be of great help sometimes but PRICE is all you need. Anything else is an artificial construct that the market doesn't care about.
  • #5,342
  • Jun 6, 2018 5:05am Jun 6, 2018 5:05am
Quoting fleurdelys
Thank you all. Indeed I was impatient ... especially with such a dynamic opening! I always take a very tight stop. I like doing it, because if I just I can have nice ratios.(without waiting very long) I re-bought EUR USD seeing the hammer, and a more pronounced retracement. {image} My ratio is 3 this time. (so ratio +2 with my loss this morning) It's true that I have small stops. Maybe too small. But when the price goes in my direction, I quickly catch up with my losses. I find that powerful. (but hard sometimes!)
Ride on our Lady, that's the beauty of this amazing strategy. When you know what you are doing, it allows you to make mistake with smaller SL, and recover from that mistake and still make money, just as you have done with this second trade, well done.


Happy Trading,
Yomi.
Time always comes before price
  • #5,343
  • Jun 6, 2018 9:47am Jun 6, 2018 9:47am
GBPUSD H4

Quoting Santoso777
{quote} i don't know am i right or wrong, as i know in H4 break strat shadow, D1 BUOB, W1 WCC and a bit lucky... {image}
You probably don't know it but if you are trading the Worker Swing on H4 you will be OK to Worker resistance.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,344
  • Jun 6, 2018 10:34am Jun 6, 2018 10:34am
AUDUSD

Quoting Malu
{quote} Hi fxlrich, here my thoughts on your analysis: BB: although the Strat shadow is red, I see HH and HL. Price moves up in small steps in this picture. B: I see that the swing low was confirmed with the candle last week (in my charts), so it looks like price is on an upswing at the moment. Maybe it stops at resistance but maybe not. W: I see the same resistance level than you. I would wait if price closes above that level. So my conclusion would be that (if I would trade that pair) I would rather start building a long position (waiting for...
BB: although the Strat shadow is red

Good, Malu, BUT he does not have a Strat Shadow on his charts
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,345
  • Jun 6, 2018 10:38am Jun 6, 2018 10:38am
AUDUSD

Quoting Rub
{quote} I see it as having been ranging in a ~600 pip range for the last year, and currently hanging around the bottom of that range. Worker has made some higher lows, BUT it is just shy of a resistance level. Your boss trendline seems to have been drawn screwy too, I would have drawn it from the high left of where you have started it. As shown. However everyone is different and sees things differently. {image}
Your boss trendline seems to have been drawn screwy too

Good Rub! His trend line is typical of a ""Thread Hopper"" where he has drawn it to justify his "thinking" rather than what PASR is telling us.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,346
  • Jun 6, 2018 10:40am Jun 6, 2018 10:40am
AUDUSD

Quoting Bestof27
{quote} For me BB is ranging between 0.75 and 0.8, and starting a swing up B is up from 0.75 support, but reaching 0.767 resistance so I would wait to see what happen at 0.767 level. I m thinking long too
Yes, Bof27
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,347
  • Jun 6, 2018 10:55am Jun 6, 2018 10:55am
EURUSD M5 PASR Trend Trading

Quoting fleurdelys
Thank you all. Indeed I was impatient ... especially with such a dynamic opening! I always take a very tight stop. I like doing it, because if I just I can have nice ratios.(without waiting very long) I re-bought EUR USD seeing the hammer, and a more pronounced retracement. {image} My ratio is 3 this time. (so ratio +2 with my loss this morning) It's true that I have small stops. Maybe too small. But when the price goes in my direction, I quickly catch up with my losses. I find that powerful. (but hard sometimes!)
In addition to all the very good comments from others, I can see that you are trying to develop your M5 PASR Trend Trading style.

I think you are STILL jumping in too early BEFORE the M5 TREND has established itself and I dare bet this is because you are scared of missing a trade. This is letting your emotions (read Trading Psychology) control you instead of YOU controlling your emotions. If your style is to take entries with small stops UNTIL you find the TREND entry then so be it, but, after trying that and just about all other entries for my M5 PASR Trend Trading strategy, I can tell you it is not the most efficient and profitable plus it will eventually "wear you down" by having to spend more time glued to the "one eyed monster BUT, if that is YOUR style, then don't be swayed by what I say and do. Keep on doing more and more trades.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,348
  • Jun 6, 2018 12:07pm Jun 6, 2018 12:07pm
Hi all,

Couldn't trade last couple of days. Took two trades today.

First one is my first entry. second one is add on.need to workout my exit.
Any comments appreciated.

Suranga
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Focus, Patience, Discipline, Determination and Perseverance
  • #5,349
  • Edited 12:39pm Jun 6, 2018 12:21pm | Edited 12:39pm
EURJPY

Big Boss
Up trend since mid 2016
Price didn't break support & TL last month, and now going up (last month candle is not confirmed swing low)

Attached Image (click to enlarge)
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Boss
Down trend since February, as Big Boss tells
Hammer at support last week, price now going up reaching next resistance at 130

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Worker
First thought :would wait to see how price react at 130 resistance before thinking long.
Second thought : wait for a confirmed swing low on the Boss or/and the Big Boss.
Third thought : wait for a trend change confirmation on the Boss

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  • #5,350
  • Jun 6, 2018 5:40pm Jun 6, 2018 5:40pm
EURJPY M5

Quoting Suran
Hi all, Couldn't trade last couple of days. Took two trades today. First one is my first entry. second one is add on.need to workout my exit. Any comments appreciated. Suranga {image}
need to workout my exit.

You need to study PASR and my M5 PASR Trend Trading strategy!

Nowhere in my teachings does it let you IGNORE PASR and give profit away.

""didn't exit because i thought it's Bond Shooting Stars as there was no resistance near""

What you mean is "YOU DID NOT SEE THE RESISTANCE WHICH WAS STARING YOU IN THE FACE - look at the May 16, 2018 candle!!!!!!!

Had you UNDERSTOOD PASR, you would know what those long wicks, resistance or no resistance, are telling you!

Go back and read all my posts on my M5 PASR Trend Trading strategy before you make another mess!

Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,351
  • Jun 6, 2018 5:48pm Jun 6, 2018 5:48pm
EURJPY

Quoting Bestof27
EURJPY Big Boss Up trend since mid 2016 Price didn't break support & TL last month, and now going up (last month candle is not confirmed swing low) {image} Boss Down trend since February, as Big Boss tells Hammer at support last week, price now going up reaching next resistance at 130 {image} Worker First thought :would wait to see how price react at 130 resistance before thinking long. Second thought : wait for a confirmed swing low on the Boss or/and the Big Boss. Third thought : wait for a trend change confirmation on the Boss {image}
Good analysis Bof27

Your first thought is PASR and takes care of your 2nd and 3rd thoughts.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,352
  • Jun 6, 2018 5:52pm Jun 6, 2018 5:52pm
Quoting Mhons
{quote} Good morning fleur, After more than month of reading and understanding both threads I would like to start contributing to this amazing family of progressive traders if Strat let me Little introducing myself: I am man from Czech republic ( middle Europe) working in industry, trading is for me hobby and passion mostly, I tried a lot of ways of trading (indicators too) but mostly returned to pure price action. I like traveling and stuff around that so if you want some info about my country don´t hesitate to pm me Because I have full...
I would like to start contributing to this amazing family of progressive traders if Strat let me

This is the same as you posted on all the other threads you were ""Thread Hopping"". How long will you last on here before you ""Thread Hop"" again in search of the Holy Grail?
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,353
  • Jun 6, 2018 6:34pm Jun 6, 2018 6:34pm
Quoting strat
... Nowhere in my teachings does it let you IGNORE PASR and give profit away. ....
What you mean is "YOU DID NOT SEE THE RESISTANCE WHICH WAS STARING YOU IN THE FACE - look at the May 16, 2018 candle!!!!!!!

I was looking at may 16 candle but those two shooting stars happened after price crossed 129.557 and a pull back.(please refer my chart) I thought I might be a elastic band effect to the shadow. So I just thought my plan still working and thought its OK to risk my full stop loss for the second entry.

Had you UNDERSTOOD PASR, you would know what those long wicks, resistance or no resistance, are telling you!

Yes, Strat this is the second time you telling me this. may be umpteenght time you telling in the Thread.......I was in the dilemma of " should I exit or stay in the trade." As the price passed 129.557 S/R line I choose to stay in the trade. my mistake again.

Go back and read all my posts on my M5 PASR Trend Trading strategy before you make another mess!

Yup ,back to reading...



Thanks a lot coach..

Suranga
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Focus, Patience, Discipline, Determination and Perseverance
  • #5,354
  • Jun 6, 2018 7:09pm Jun 6, 2018 7:09pm
EURJPY M5

Quoting Suran
{quote} What you mean is "YOU DID NOT SEE THE RESISTANCE WHICH WAS STARING YOU IN THE FACE - look at the May 16, 2018 candle!!!!!!! I was looking at may 16 candle but those two shooting stars happened after price crossed 129.557 and a pull back.(please refer my chart) I thought I might be a elastic band effect to the shadow. So I just thought my plan still working and thought its OK to risk my full stop loss for the second entry. Had you UNDERSTOOD PASR, you would know what those long wicks, resistance or no resistance, are telling you! Yes, Strat...
I was looking at may 16 candle but those two shooting stars happened after price crossed 129.557 and a pull back

PASR teaches you to UNDERSTAND what long wicks mean BEFORE and AFTER resistance and ANYWHERE ELSE on a chart.

There were at least 15 PASR signs (blue diamonds) WARNING you that the TREND was running out of steam and to look for profit.

Again, READ, LEARN and UNDERSTAND how PRICE behaves and reacts in and around the Strat Shadow.

Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,355
  • Jun 6, 2018 9:07pm Jun 6, 2018 9:07pm
Quoting Bestof27
EURJPY Big Boss Up trend since mid 2016 Price didn't break support & TL last month, and now going up (last month candle is not confirmed swing low) {image} Boss Down trend since February, as Big Boss tells Hammer at support last week, price now going up reaching next resistance at 130 {image} Worker First thought :would wait to see how price react at 130 resistance before thinking long. Second thought : wait for a confirmed swing low on the Boss or/and the Big Boss. Third thought : wait for a trend change confirmation on the Boss {image}
Hi, Bestof27

Another view on EURJPY.

Big Boss
It is a H-L-LH structure.
the last Month candle was a big BEAR candle CLOSED below the Strat Shadow althouth it didn't break the TL.
So, the UP trend may be end.
Attached Image (click to enlarge)
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Boss
It also is H-L-LH structure same with Big Boss.
There is not only the Resistance level 130, but also the Strat Shadow as Resistance. and Price was TRPPED inside WCC.
So, before thinking long, the PRCIE should CLOSED above the Strat Shadow.
Attached Image (click to enlarge)
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I am looking for Sell PA signal at the top of WCC and the Strat Shadow as Resistance.
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #5,356
  • Jun 7, 2018 12:54am Jun 7, 2018 12:54am
Quoting Cj.cn
{quote} Hi, Bestof27 Another view on EURJPY. Big Boss It is a H-L-LH structure. the last Month candle was a big BEAR candle CLOSED below the Strat Shadow althouth it didn't break the TL. So, the UP trend may be end. {image} Boss It also is H-L-LH structure same with Big Boss. There is not only the Resistance level 130, but also the Strat Shadow as Resistance. and Price was TRPPED inside WCC. So, before thinking long, the PRCIE should CLOSED above the Strat Shadow. {image} I am looking for Sell PA signal at the top of WCC and the Strat Shadow as...
Hi Cj

May be price will go down, we don't know ...

But as for now I see signals telling me that price may going up

I think that you are making the same analysis on the Big Boss and the Boss, I have difficulties with that myself too. What I mean is that your are only watching the last down swing on the Big Boss without noticing the bigger picture on the Big Boss = an uptrend .

So on the Big Boss I see an uptrend, the last swing down stopped at support (last month) and price is bouncing from support (this month). With that said I stay sure of one thing "price can go anywhere whatever I see or I think"...
Then, I look at what is going up on the Boss, there I see a more detailed view of the last swing down (H, L, HL) but what is interesting is PASR and the big Hammer telling me again that price is more likely to go up (last week candle) and this week shows a bullish candle. But I can see that price is nearing a resistance zone, so be careful something may happen here.

Then I go and see what price is doing on the Worker. May be there was an opportunity to enter long in the on going swing up, but I don't see signal other than an early inside bar and the momentum. As price is reaching resistance zone no buy. So, for now I m watching the 130 zone. Ideally I would like to see a break and retest of resistance becoming support with PA ... but wait and see ...

I hope this makes my view clearer. I would have made a different analysis last week explaining my "lost on the path feeling".

Concerning the use of the strat shadow as support or resistance I believe it is good tool in an established trend, but I m not yet so far on the Path !

Didn't took much attention to the WCC as taking an order wasn't really my goal. I won't trade anymore until I feel comfortable and confident with my analysis, being aware that it isn't the main success factor ...
  • #5,357
  • Jun 7, 2018 2:50am Jun 7, 2018 2:50am
Thank you very much for this valuable comment.

"I can see that you are trying to develop your M5 PASR Trend Trading style"
Yes I am looking for my trading style (complex)

"I dare bet this is because you are scared of missing a trade"


I am rather of a patiente and calm nature.

I do not think it's for fear of missing a trade.

Here is my way of working (thank you for telling me if I have to correct myself)
1-In the morning, before the opening, I like to analyze the strength of currencies.
2-I also look at the calendar.
3-I take it in my head to take only 1-2 max trades per day (I do not want to spend my day in front of my screen).
4-The ideal would be to trade only the London session.
5-After opening londre I analyze the reaction of currencies up to H + 1
6-From H + 1, if I see the criteria of your method OK, with a nice ratio possible, I open the trade with actually always my small SL

Yesterday I saw a strong movement before the opening. Then I saw engoulfing bullish @10h gmt+2
Actually I was too high. I tell myself : I am ready to lose small, to take a better trade, and catch up very quickly my loss. I do not know if I'm clear.

I also noticed, the best trades I had are between 10h and 12h (max) GMT + 2 .... After the movement calms down (right?).
Since I want to trade only the London session, I'd like to open close to 10 am-11am if all the conditions are OK.

Maybe it's not the simplest and most profitable way as you say?

Yet it looks like it works really well for me.
I take 1% of SL, and I try to have a ratio> 3
Once I got a ratio of 5. So I can accumulate SLs without stress, because the next Gain, I would have quickly caught all my losses.
But does it work in the long time....
I do not know if my way of thinking is correct ... Again, I'm looking for my method.
One thing is for sure: 2-3 hours a day in front of the screen trying to take 1 trade (2 max) ... [I want quality, not quantity.]
Sometimes I do not take anything because of the range markets or news.
I'm afraid to get discouraged if I expand my SLs, but to take more movement.
Maybe I should try!
Your method, your way of thinking, your remarks, are really exceptional. Thank you very much what you bring here! I think you will change my life ....
But as you say, I try to develop my style ... And it's not easy!

Very thank you
  • #5,358
  • Jun 7, 2018 2:55am Jun 7, 2018 2:55am
Hello and thank you very much to Mr strat for sharing this remarkable pa

i have try searching and watching so many video on youtube for price action, and attend some free webminar, but i still have a hard time doing the PA trading.
(maybe because it's free, not all of the information are given, because in the end of every seminar, always end up with add's for joining a premium course >.<)


after finish reading the pdf on post 1, it snap to my head that placing the SR indicator is not as simple as it is... i think it took thousand of practice and most importantly, insting have to be sharp to, witch i have strugle for it. (none of video and webinar i watch are well deeply explained about SR placing)
because everytime i put that red line to mark for SR, somewhere at somepart in my head always pop out a big qeustion : "is that the right place to put it?"


but i do have several dumb question
1) after reading the pdf, on the last page theres a link to download the ATR, but when i click it, it gave me, address is not correct....... why is that?

2) also, i have been reading this tread up to page 6 i think... then i jump out to last page, than back several page.... then i stumble upon this post bellow
(I'am so sorry for this >.< this finger of mine got an ichy and subconciously clicked the mouse to the last page XD)

Quoting catalin_eros
Hi, everyone! Still trying to understand Strat's M5 trading strategy. Entry when the most recent support got broken, and adding-on on retracement. {image}
where is that indicator from? and on what page is the Start's M5 is started?
  • #5,359
  • Jun 7, 2018 3:15am Jun 7, 2018 3:15am
Quoting Tabary
1) after reading the pdf, on the last page theres a link to download the ATR, but when i click it, it gave me, address is not correct....... why is that? 2) also, i have been reading this tread up to page 6 i think... then i jump out to last page, than back several page....
Welcome.
I suggest you start reading the „old“ thread (see link page 1 of this thread) completely. Then a lot of your questions will be answered.
There is no shortcut. So if you are really interested you have to take your time — it is worth from my point of view.
By the way: we don’t trade any indicators.
  • #5,360
  • Jun 7, 2018 3:33am Jun 7, 2018 3:33am
Quoting Tabary
subconciously clicked the mouse to the last page XD) {quote} where is that indicator from? and on what page is the Start's M5 is started?
It is the Strat shadow, but with different colors. Watch out, because Stat doesn't like when someone is looking for shortcuts. If you catch him in a good mood today, you may be lucky and not get banned. He expects people to read the whole thread before asking such questions. Keep that in mind for the future, and pray he is going to be in a good mood today.
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