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Strat's PASR Long Term, Stress Free Trading

  • #5,461
  • Jun 14, 2018 2:51am Jun 14, 2018 2:51am
Quoting fleurdelys
I still had another question (sorry, last one): The Strat M5 PASR method, can apply on clues? For example the Dax? In addition very volatile.
Good morning,
I think Strat wrote that PASR works for all financial instruments.
I used the PASR M5 for the DAX a few times and I would say that it works. But you have to know that the DAX can be pretty volatile but If there is trend in view I use it.
DAX and Gold are the only instruments I have look at — beside FX.
For DAX I would suggest to wait until 10 at least, although you get quotes from your broker earlier.
  • #5,462
  • Jun 14, 2018 4:00am Jun 14, 2018 4:00am
Thank you
Yes, I see my mistakes!
No trend on my last trades!
It's crazy because I know it.

Surely the hardest thing is not to trade ... for several days. !
I focus on the 9 most volatile pairs in the Strat list. I will still remove 2-3 pairs .

It was "3618 here is my life" ^^
  • #5,463
  • Jun 14, 2018 8:20am Jun 14, 2018 8:20am
Quoting Cj.cn
Basic PASR Trade AUDJPY Boss 8 week Trapped within the WCC. {image} Worker Price was rejected at the top of WCC with long wick pre 2 days. {image} H4 H-L-LH structure and the BEEB at the Boss strat shadow as resistance. {image} Any mistakes? thanks Cj
Hi CJ

Looks like you are getting a grasp on things.

One thing though that is important is your risk reward ratio. From the looks of things it was not even a 1:1 ratio. The thing is if you cannot get a better ratio don't even take the trade. If you exit because of PASR that was not favorable to you then great. But from the looks of your chart the pair was moving nicely with the exit.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH4.png Size: 107 KB



Risk is the only thing we can control. We control it wisely. Strats #1 rule...Capital preservation.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,464
  • Jun 14, 2018 8:57am Jun 14, 2018 8:57am
USDCAD M1 PASR TRend Trading

Quoting fleurdelys
{quote} Thank you for your graphics. On this graph, I understand the 1st arrow but not the second. Is it an entry trade? On a PA pattern? I do not see a Hammer, BE/BO : Engulfing bar or Outside bar? Thank you very much for your help.
There were no entries or exits shown. It was just another example of what I look for to trade the shorter time frames for us in PST - New York continuation of the TREND set by London
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,465
  • Jun 14, 2018 10:31am Jun 14, 2018 10:31am
EURJPY

Easy money for experienced PASR traders.

4 opportunities on H4, depending on your time zone, to cream 130+ pips

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,466
  • Jun 14, 2018 10:36am Jun 14, 2018 10:36am
Quoting strat
EURJPY Easy money for experienced PASR traders. 4 opportunities on H4, depending on your time zone, to cream 130+ pips {image} {image}
Provided you were generous with the SL but yes, now I see things I would have seen in reverse have I not met you.
Having said that, H4 seems more obvious an invitation to sell than the Worker, or am I not seeing something I should?
  • #5,467
  • Jun 14, 2018 10:38am Jun 14, 2018 10:38am
Quoting strat
EURJPY Easy money for experienced PASR traders. 4 opportunities on H4, depending on your time zone, to cream 130+ pips {image} {image}
Hi Strat,

Thanks for the chart. So you consider spinning top/ doji inside a zone to be a good reversal under PASR?
  • #5,468
  • Jun 14, 2018 10:52am Jun 14, 2018 10:52am
EURJPY

Quoting MikuSS
{quote} Hi Strat, Thanks for the chart. So you consider spinning top/ doji inside a zone to be a good reversal under PASR?
First see all the resistance on the Worker. There were 4 unsuccessful attempts by PRICE from which you could have entered short on the Worker.

Knowing there was such strong resistance on the Worker was just a case of finding a candle in YOUR H4 time zone to enter short from using the swing high of the Worker for your Stop Loss. Any type of doji on the next lower time frame is a good entry when the higher time frame is at PASR resistance/support.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,469
  • Jun 14, 2018 11:02am Jun 14, 2018 11:02am
Quoting strat
EURJPY Easy money for experienced PASR traders. 4 opportunities on H4, depending on your time zone, to cream 130+ pips {image} {image}
I thought I should share this for someone special today:

Master traders:
Observe their emotions,
Feel them from a place of freedom,
Trust their plan and experience.


Amateurs traders, because of their lack of experience:
Trust their emotions,
Throw their plan out of the window,
Try to rationalize it all.


Happy Trading,
Yomi.
Time always comes before price
  • #5,470
  • Edited 11:46am Jun 14, 2018 11:28am | Edited 11:46am
NZDUSD

What do you think about this pair

Much resistance, and a possible BEEB

Attached Image (click to enlarge)
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  • #5,471
  • Jun 14, 2018 11:46am Jun 14, 2018 11:46am
Quoting fxrabbi
{quote} I thought I should share this for someone special today: Master traders: Observe their emotions, Feel them from a place of freedom, Trust their plan and experience. Amateurs traders, because of their lack of experience: Trust their emotions, Throw their plan out of the window, Try to rationalize it all. Happy Trading, Yomi.
Thank you, Yomi.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,472
  • Jun 14, 2018 11:50am Jun 14, 2018 11:50am
NZDUSD

Quoting Bestof27
NZDUSD What do you think about this pair Much resistance, and a possible BEEB {image}
The Worker, in isolation may look good, but that is not PASR.

The Big Boss is at the bottom and in a tight ever decreasing range

The Boss is struggling in its swing up

So.................what do YOU think Bof27?
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,473
  • Jun 14, 2018 12:13pm Jun 14, 2018 12:13pm
Quoting strat
NZDUSD {quote} The Worker, in isolation may look good, but that is not PASR. The Big Boss is at the bottom and in a tight ever decreasing range The Boss is struggling in its swing up So.................what do YOU think Bof27?
I was a bit worried about Big Boss at bottom range
but Boss closed below resistance and is struggling

But if I may dare, on EURJPY

Big Boss is at support + trend line support
Boss : strong rejection of support 2 weeks ago, last week was bullish even if there was a significant wick at its upper end

So, I don't clearly see why EURJPY is better than NZDUSD
  • #5,474
  • Edited Jun 15, 2018 10:21am Jun 14, 2018 12:23pm | Edited Jun 15, 2018 10:21am
AUDUSD M5 PASR Trend Trading:



Back at the MOVING HARD RIGHT EDGE.........



Happy Trading,
Yomi.
Attached Image (click to enlarge)
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Time always comes before price
  • #5,475
  • Jun 14, 2018 5:46pm Jun 14, 2018 5:46pm
Hi traders

Rumours of my death have been exaggerated!

I had a week of holiday, followed by 1 week + business travel outside my normal timezone, followed by a bit of trading like a complete and utter pillock!!

So I'm not lurking, I'm not ignoring and I've not given up....

I'm also:

  1. Not treating my trading like a business
  2. Not working to a plan
  3. Not reviewing what I do properly
  4. Not consistently applying the same set of rules
  5. Not using R:R in my trade entries


But what I am doing is:

  1. I am trading off my emotions
  2. I am allowing fear and greed to cloud my judgment
  3. I am taking risks that are too large
  4. I am over-analysing the market
  5. I am trying to 'outsmart' the market
  6. I am trading by the seat of my pants
  7. I am taking plenty of trades that, in the cold light of day, are NOT PASR

I put a big dent in my trading capital - (no drama it's a training account, so it's a few 10's of GBP, not hundreds or thousands)

So I'm having a re-read and focusing on building up a plan and trying to 'grow up' as a trader.

  • #5,476
  • Edited 7:11pm Jun 14, 2018 6:47pm | Edited 7:11pm
Quoting strat
NZDUSD {quote} The Worker, in isolation may look good, but that is not PASR. The Big Boss is at the bottom and in a tight ever decreasing range The Boss is struggling in its swing up So.................what do YOU think Bof27?
Hi Strat,

When you posted the comment, yes it is true that the Boss candle was inside the range of the previous candle. However, I always thought that we should never use a candle that is still being formed (i.e. this week's candle). If l look at the previous week's candle, I see it as a pullback that could go south again.

Therefore, I think the BEEB on worker that closed yesterday is a good signal to sell.

Please correct me if I am wrong!

EDIT: Just saw that you were talking about the Big Boss chart. For me, it looks like a "Bond Hammer". Comments?
  • #5,477
  • Edited 7:13pm Jun 14, 2018 7:02pm | Edited 7:13pm
GBPJPY
Finally I see a good trade shouting 'trade meeee' after days (or weeks) of waiting.

BB: May's candle shows a downtrend. June's unfinished candle tested the 20ema of the Strat Shadow and was rejected.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYMonthly.png Size: 85 KB


B: Boss also shows price retesting the Strat Shadow not once but twice, although this time round the shadow is intertwined (we see almost 1 line!), suggesting a huge swing coming. Price is in WCC.
Attached Image (click to enlarge)
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Worker: Yesterday's candle closed as my favourite BEEB/DBHLC (Double High Lower Close) at resistance zone. 1st target at low of WCC, and 2nd target to next support.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 100 KB

P.S. I actually put a sell stop below the resistance zone after seeing the doji forming inside the zone. It got triggered yesterday. Today's candlestick pattern further reinforced my confidence in the trade

Now, it could be a little late to ask, but how do you guys put your sell stop? I have been using the rule of "12 pips below/above low/high for less volatile pairs (EURUSD,AUDUSD)" and "20 pips below/above low/high for more volatile pairs (GBPJPY, GBPNZD)". This could be difficult to find good Risk:Reward ratio if the range of the candle is too huge.
  • #5,478
  • Jun 14, 2018 9:23pm Jun 14, 2018 9:23pm
Quoting strat
EURJPY Easy money for experienced PASR traders. 4 opportunities on H4, depending on your time zone, to cream 130+ pips {image} {image}
Hi Strat,
I also have a question on this trade.
Before I trade, I took a look to the market calendar,
and yesterday there were 2 red news on EUR, so I neglect the EUR pairs. (Although I am still not able to notice the opportunity you shown but myself yet)
Were you just accepting the risk as the risk:award ratio is worth enough?
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  • #5,479
  • Jun 14, 2018 9:32pm Jun 14, 2018 9:32pm
Quoting brian661
{quote} Hi Strat, I also have a question on this trade. Before I trade, I took a look to the market calendar, and yesterday there were 2 red news on EUR, so I neglect the EUR pairs. (Although I am still not able to notice the opportunity you shown but myself yet) Were you just accepting the risk as the risk:award ratio is worth enough? {image}
Hi Brian,
Maybe I can answer for Strat and he can correct me if I am wrong.

On the daily, unlike the lower time frames, price is "unaffected" by news because it has already been taken into account (don't you think the Big Boys have inside information/know the news in advance?).

In my opinion and experience, the trend is more important than the news itself. If it is good news for the trend, of course the trend continues. However, if it is bad news, usually the market just needs 1-2 days to correct itself in a strong trend, or even an hour!

If you placed your stop loss well, you will not be taken out.

Look at the Big Boys who manipulated yesterday's buying of EURUSD. Throughout the day, price just went up and up. It went up even more 45 minutes prior (there was another 'red' news) to the ECB announcement! And in one fell swoop, the Big Boys took out every single buyers on the announcement.

If you had followed the trend of the Boss chart, you'll be wheelbarrowing pips to the bank with the Big Boys!

Let's see if today's BOJ announcement will affect the trend...
  • #5,480
  • Jun 14, 2018 10:38pm Jun 14, 2018 10:38pm
Quoting strat
EURJPY Easy money for experienced PASR traders. 4 opportunities on H4, depending on your time zone, to cream 130+ pips {image} {image}
Hi Strat,

This is what confuses me. (May have not gotten it drilled in yet) Price is above the strat shadow on the 4hour yet below the strat shadow on the daily. If entering on the 4 hour, wont you be wary that the lower time frame may be indicating a potential trend change? It is easy, relatively speaking, for me to figure out what to do when the price is below the strat shadow on all timeframes. Seeing that resistance on the 4 hour plus a green shadow makes me want to consider a long. I always get confused when the strat shadow is conflicting.

Thanks! Will continue to do more reading and observation.
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