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Strat's PASR Long Term, Stress Free Trading

  • #5,401
  • Jun 11, 2018 8:31am Jun 11, 2018 8:31am
What kind of learner are you?

While Trump wreaks havoc on the markets, I suggest you take that test when you have a few minutes to spare. It is the well-known VARK model which assumes humans learn through 4 different ways.

I bet there is a good correlation between how one fares on Visual and Kinesthetic modes and one's progress as a trader.

http://vark-learn.com/the-vark-questionnaire/
  • #5,402
  • Jun 11, 2018 9:02am Jun 11, 2018 9:02am
GBPCAD

Quoting MikuSS
Some analysis for this week. I feel like something is brewing... GBPCAD BB: Last month saw a bearish close below Strat Shadow. 10 days into June and price is retesting it. Strat Shadow is holding well. {image} B: Price closed in WCC again. Seems like Strat Shadow is offering some support which price is hovering around that area. Interesting to note that the high got rejected by 20 and 200ema. With the Strat Shadow tightening, seems like price is getting ready for a swing. {image} Worker: With the engulfing candle on the friday's close, one could...
Very good.

I will wait for a break of the WCC.

I hope you mean a CLOSE outside the Weekly Control Candle. Also, remember, that in itself is not a signal to enter a trade.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,403
  • Jun 11, 2018 9:08am Jun 11, 2018 9:08am
GBPJPY

Quoting MikuSS
GBPJPY BB: Price restesting Strat Shadow after May's bearish candle. {image} B: Last week: A "Bond Hammer" suggests price wants to go south again. This week: very nice Shooting Star touching the Strat Shadow and closing below a resistance line. Price still in WCC. The 2 emas are very close to crossing which indicate a new swing coming soon. Immediate trend is down(Market structure). {image} Worker: Friday's candle looks like a "Bond Hammer", indicating that price could still go down. I will wait for PA around resistance zone, or wait for PA around...
With all this sideways action on the Big Boss and Boss, all you can do is trade within the Weekly Control Candle
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,404
  • Jun 11, 2018 9:11am Jun 11, 2018 9:11am
PASR

Quoting brian661
{quote} Spent for another month to read and learn the remaining posts. Sorry Strat, my lurker comment must made your angry. After the reading I took my time machine and went back to punch myself, hope you can forgive me. I should not use demo account as it is manipulated by the broker H1 H4 trend do nothing with the M5 strategy except the support and resistance. WCC only used for longer time frame trade but not for M5 With the full reading, I prefer to trade with longer time frame as M5 trading do not fit my living style, so, live to trade but not...
Keep reading, learning and understanding on The Path and submit your analysis.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,405
  • Jun 11, 2018 9:15am Jun 11, 2018 9:15am
AUDNZD

Quoting MikuSS
{quote} Hi Brian, I think AUDNZD is directionless. Price wants to go south, but the Strat Shadow is acting as support for all 3 time frames. Furthermore, WCC is still in place. For now, I stay clear until a clearer direction is given. If Worker closed a candle below shadow and 200EMA --> Sell What about the support you drew below the Strat Shadow? Pretend it doesn't exist..? I try not to draw too many zones as it interfered with my mind a lot. Now I only draw if the zones are obvious from the Big Boss and Boss chart. For worker chart, I just make...
Very good and thank you for helping your fellow trader.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,406
  • Jun 11, 2018 9:20am Jun 11, 2018 9:20am
GBPUSD

Quoting Santoso777
sell GU... PASR and WCC ..... a bit lucky {image}
Luck has nothing to do with trading and if it did, we would "make" our own "luck"

Good, but what is your PLAN?
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,407
  • Jun 11, 2018 9:25am Jun 11, 2018 9:25am
Yet another reason why Lurkers, thread hoppers, gossip mongers and passive traders rarely make it:

"'Tell me and I forget"

"Teach me and I may remember"

"Involve me and I learn."
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,408
  • Jun 11, 2018 10:30am Jun 11, 2018 10:30am
EURCAD

I m having a look at EURCAD

Big Boss :
up trend, supported by Strat Shadow
Last month close above Strat Shadow and above (not so much) support
Price is now going up (may be the start of a new swing up)

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


Boss :
Hammer at Strat Shadow support 2 weeks ago and BUEB last week (but long upper tail, may be Monthly resistance)
This Monday opened with a nearly 100 pips gap up
Price is testing Strat Shadow resistance

Attached Image (click to enlarge)
Click to Enlarge Name: EC_W.png Size: 67 KB


Worker :
Price may have taken support on Strat Shadow lower boundary, and testing upper boundary
Given the today gap,I don't know if a close above Friday candle can be considered as BUEB
Upper Strat Shadow boundary being potential resistance, I would wait for a close above it to take action

Attached Image (click to enlarge)
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  • #5,409
  • Jun 11, 2018 11:42am Jun 11, 2018 11:42am
Quoting Bestof27
EURCAD I m having a look at EURCAD Big Boss : up trend, supported by Strat Shadow Last month close above Strat Shadow and above (not so much) support Price is now going up (may be the start of a new swing up) {image} Boss : Hammer at Strat Shadow support 2 weeks ago and BUEB last week (but long upper tail, may be Monthly resistance) This Monday opened with a nearly 100 pips gap up Price is testing Strat Shadow resistance {image} Worker : Price may have taken support on Strat Shadow lower boundary, and testing upper boundary Given the today gap,I...
First: Price action
Second: Price action
Third: Price action

I marked the two entries that made sense to me, I would wait for a clear break of the Big Boss resistance before taking a long and, most probably, once a new swing has formed instead of trying to milk this one which seems has given its best. Remember, past PA tells you where the Big Boys want to go, what happened since March cannot be disregarded.
Attached Image (click to enlarge)
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  • #5,410
  • Jun 11, 2018 11:45am Jun 11, 2018 11:45am
EURCAD

Quoting Bestof27
EURCAD I m having a look at EURCAD Big Boss : up trend, supported by Strat Shadow Last month close above Strat Shadow and above (not so much) support Price is now going up (may be the start of a new swing up) {image} Boss : Hammer at Strat Shadow support 2 weeks ago and BUEB last week (but long upper tail, may be Monthly resistance) This Monday opened with a nearly 100 pips gap up Price is testing Strat Shadow resistance {image} Worker : Price may have taken support on Strat Shadow lower boundary, and testing upper boundary Given the today gap,I...
Good analysis Bof27
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,411
  • Jun 11, 2018 1:06pm Jun 11, 2018 1:06pm
NZDCAD

5 days of resistance and 5 hours of solid selling today is my cue to cash in and formulate another plan...

Note: entries taken on 4hr using Worker, Boss & Big Boss.

Attached Image (click to enlarge)
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I've got more fish to fry..!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #5,412
  • Jun 11, 2018 1:12pm Jun 11, 2018 1:12pm
NZDCAD

Quoting BeyondTheSea
NZDCAD 5 days of resistance and 5 hours of solid selling today is my cue to cash in and formulate another plan... Note: entries taken on 4hr using Worker, Boss & Big Boss. {image} I've got more fish to fry..!
Nice but I did wonder when you were going to pull the plug!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,413
  • Jun 11, 2018 1:14pm Jun 11, 2018 1:14pm
GBPCAD M5 PASR Trend Trading

Just keeping my hand in. I couldn't refuse the money on offer at the pull back to the New York trend.

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,414
  • Jun 11, 2018 1:36pm Jun 11, 2018 1:36pm
Quoting strat
NZDCAD {quote} Nice but I did wonder when you were going to pull the plug!
I know! I was wasting mental energy waiting for the pullback for the next leg.

Unlike the ZZ Top song She's got legs (but not sure if she knows how to use them..) and now they're pointing the wrong way round or are they the right way now?!

Let's see what she wants to do next with those 400 pips. And I'm going to get behind them if only I can find them. (Sorry it's been a long day!)...

der da der da...
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #5,415
  • Jun 11, 2018 2:27pm Jun 11, 2018 2:27pm
NZDCAD M5 PASR Trend Trading

Quoting BeyondTheSea
{quote} I know! I was wasting mental energy waiting for the pullback for the next leg. Unlike the ZZ Top song She's got legs (but not sure if she knows how to use them..) and now they're pointing the wrong way round or are they the right way now?! Let's see what she wants to do next with those 400 pips. And I'm going to get behind them if only I can find them. (Sorry it's been a long day!)... der da der da...
Surprised you didn't toggle over to M5 and really cream it.

Still trying to work out the secret message of legs and frying fish!

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,416
  • Jun 11, 2018 2:56pm Jun 11, 2018 2:56pm
Hi Start,
I am new in this thread and going through your posts. I the middle of the thread I am stuck with the drawing the Support and resistance. In the thread it says there is a video tutorial, but I could not find it. There is another thing I could not find that is shadow indicator.

Would you please provide me the link or post number for S/R video and indicator?

I shall be thankful if you please provide the guideline - direction to use the shadow indicator.

Thanks a lot sir in advance.

YaRazzaku
  • #5,417
  • Jun 11, 2018 3:00pm Jun 11, 2018 3:00pm
PASR

Quoting kirinda
{quote} Strat, good points. Fore me I only wanted to test out 5M. My usual timeframes are 1H/4H. I also want to test daily.
Forget Time Frames and PASR - It seems you have no focus and are still distracted by other stuff.

Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,418
  • Jun 11, 2018 5:12pm Jun 11, 2018 5:12pm
Quoting strat
GBPUSD {quote} Luck has nothing to do with trading and if it did, we would "make" our own "luck" Good, but what is your PLAN?
thanks strat.... according my study.... the big boss is still down trend, but the last low candle is the resistant

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmicroMonthly big boss down.png Size: 74 KB


i draw every WCC and before support and resistane break, i wait or buy on resistance and sell at support.... there are hammer in weekly but BU is not yet happened and price is still in WCC so wait for trend reversal

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmicroWeekly wcc.png Size: 66 KB


in daily, if the price is sideways, i also draw DCC (daily control candle) and monitor if the price is break s/r or make BU or BE

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmicroDaily worker daily control candle.png Size: 67 KB


last word... "loss is certain, but profit is possibility, wish me luck"
  • #5,419
  • Jun 11, 2018 7:05pm Jun 11, 2018 7:05pm
Quoting strat
GBPCAD {quote} Very good. I will wait for a break of the WCC. I hope you mean a CLOSE outside the Weekly Control Candle. Also, remember, that in itself is not a signal to enter a trade.
Yes I definitely meant a close, thanks for the correction!
  • #5,420
  • Jun 11, 2018 7:10pm Jun 11, 2018 7:10pm
Quoting brian661
{quote} Hi Miku and thanks for your comments. For Boss and Worker, I understand that strat shadow is working as a support, but for Big Boss, do you treat the 20MA as the support too? Even the shadow is in red. What about the support you drew below the Strat Shadow? Pretend it doesn't exist..? I try not to draw too many zones as it interfered with my mind a lot. Now I only draw if the zones are obvious from the Big Boss and Boss chart. For worker chart, I just make a mental note of it I also have the same feeling that with daily time frame's support...
Hi Brian,
Sorry for the late reply as I was busy travelling.

Yes, The EMAs of the Strat Shadow act as very good dynamic SR lines. The shadow being red or green helps us in trend trading, and is not as important as knowing how to read PASR. If you wait for the shadow to change colour, you would have missed many entries.

You can draw as many SR lines as you want, as long as you know why you drew them, and how you are going to use them.
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