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

Quoting Hickson
{quote} That sounds great, since I am a beginner at using volume myself. Correcting a former mistake by taking profit here at S on M1. I sometimes give back good trades too often, because I want to let winners run. It is such a thin walk between both ... {image}
Using volume:

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1 is huge buying volume BUT the candle is RED meaning that the sellers are stronger than those coming in to buy - this is probably profit taking at the end of that swing.

2 is above average buying volume coming in BUT the candles are small meaning the buyers are not sufficient to take out the sellers and usually indicates a pull back.

3 and after is selling volume greater than buying volume meaning the sellers are really strong and determined to take PRICE lower.

4 is huge selling volume usually signifying exhaustion meaning that many sellers are taking profit.

5 is a second exhaustion candle meaning that the remaining sellers are taking profit.

6 is higher than previous buying volume meaning that buyers are beginning to outnumber remaining sellers and is first sign coupled with PASR that this down swing may be finished.

7 is huge buying volume outnumbering remaining sellers and that an upswing is in place but NOT a change of trend - yet.
15 YEARS OF PASR ON FOREX FACTORY!
Quoting Strat
{quote} Using volume: {image} 1 is huge buying volume BUT the candle is RED meaning that the sellers are stronger than those coming in to buy - this is probably profit taking at the end of that swing. 2 is above average buying volume coming in BUT the candles are small meaning the buyers are not sufficient to take out the sellers and usually indicates a pull back. 3 and after is selling volume greater than buying volume meaning the sellers are really strong and determined to take PRICE lower. 4 is huge selling volume usually signifying exhaustion...
This post needs to be in the Hall of Fame.
Started out trading forex ( still do a bit), found much more success trading indices CFDs, which led to a natural progression into futures (rules and regs in USA accelerated that a bit).
Point being, volume is a tremendous tool, which we have in futures and is non existent in forex.
Quoting pipmaster77
{quote} This post needs to be in the Hall of Fame. Started out trading forex ( still do a bit), found much more success trading indices CFDs, which led to a natural progression into futures (rules and regs in USA accelerated that a bit). Point being, volume is a tremendous tool, which we have in futures and is non existent in forex.
Can you explain why (or have a resource that explains why) volume is less relevant for Forex, I have heard people allude to this but have yet to dived into why?
Quoting bistolis
{quote} Hi. What kind of candle are you talking about. Personally I dont use thestrat method by rob smith but I did some reading on that website (and recently refreshed) and I noticed I am actually using some of those candle patterns. That method is pretty good since it is pure price action.
Excuse the slow reply. I think I have figured it out from a strategy perspective.

I believe I am talking about the "in action candle", if that doesn't go my way, I exit the trade.
Quoting Strat
{quote} Using volume: {image} 1 is huge buying volume BUT the candle is RED meaning that the sellers are stronger than those coming in to buy - this is probably profit taking at the end of that swing. 2 is above average buying volume coming in BUT the candles are small meaning the buyers are not sufficient to take out the sellers and usually indicates a pull back. 3 and after is selling volume greater than buying volume meaning the sellers are really strong and determined to take PRICE lower. 4 is huge selling volume usually signifying exhaustion...
Thank you, great post. It helps me a lot with volume analysis and what to look for. Now I need to see tons of Charts ...
Fix up, trade sharp ...
Quoting TimothyWarne
{quote} Can you explain why (or have a resource that explains why) volume is less relevant for Forex, I have heard people allude to this but have yet to dived into why?
Futures is on a centralized exchange, forex is not. When you try to analyze volume in forex, the best you can do is YOUR BROKER only, which more than likely is made -up or manipulated in some way.

https://ninjatrader.com/futures/blog...ures%20traders.
My observations from today's DOW trading M1:

First arrow was short with trend and Strat Shadow, Exit at blue arrow at Support with wickish candles and buyers stepping in. Second short too hasty, exited the trade and entred the opposite direction after close above 20 EMA. Exit at R / wobble area with sellers stepping in.

Far from great, I know. But at least slightly profitable today. It is time to do something useful and buy a birthday gift for my wife ...
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Fix up, trade sharp ...
Quoting TerryDawe
Added worker chart: {image} {image}
hi Terry, i marvel at your findings. your clean charts and easy to follow marking is just wonderful. i am still trying to figure things out. can you please tell me if you use a scanner to help you find opportunities or do you do it manually. weekly and daily would definitely give enough time to look for setups. thanks in advance and please gift us with more of your charts. cheers derfel
Quoting pipmaster77
{quote} Futures is on a centralized exchange, forex is not. When you try to analyze volume in forex, the best you can do is YOUR BROKER only, which more than likely is made -up or manipulated in some way. https://ninjatrader.com/futures/blog...ures%20traders.
I get the logic. But just a point of confusion I am having is when I look at my MT5 platform (via 5%ers Prop Account) vs Trading View (on the same symbol on a different broker, in this case FXCM) they have a very similar pattern/slightly different magnitude. Interestingly the are more similar for smaller volumes.
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Trying it the volumes on my CFDs but i doubt they are similar to the actual futures volumes

After my exit I couldnt figure out if I should jump back on short side or not
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Quoting bistolis
Trying it the volumes on my CFDs but i doubt they are similar to the actual futures volumes After my exit I couldnt figure out if I should jump back on short side or not {image}
Hi bistolis, why do you not trade real Futures? There you will trade the real asset and have real volume in a more transparent market. I also have zero trust in almost all CFD advertising brokers after ten years of getting punked again and again each time I thought I had grown wiser at that time.
Fix up, trade sharp ...
No Trading today because it is my wife's birthday. As Strat taught us: HEALTH before WEALTH.

The market will always be there tomorrow. We trade to LIVE, not live to trade.
Fix up, trade sharp ...
M3 MES 09-24

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Switched to MES and then M3 because PA was such a mess today not helped by Fed waffling

Done now as I have things to do before Spain v France.
15 YEARS OF PASR ON FOREX FACTORY!
Quoting bistolis
Trying it the volumes on my CFDs but i doubt they are similar to the actual futures volumes After my exit I couldnt figure out if I should jump back on short side or not {image}
After my exit I couldn't figure out if I should jump back on short side or not

Remember, one of the reasons we trade short time frames, is because of the small SL and therefore, RISK, as you did with your initial entries.

If you wanted to "jump back in" after TP, your SL, RISK and TP would be too great and would play havoc with your Little People. Best to be not greedy and wait for a new PASR entry.
15 YEARS OF PASR ON FOREX FACTORY!
Quoting Hickson
{quote} Hi bistolis, why do you not trade real Futures? There you will trade the real asset and have real volume in a more transparent market. I also have zero trust in almost all CFD advertising brokers after ten years of getting punked again and again each time I thought I had grown wiser at that time.
Hi bistolis, why do you not trade real Futures?

Agree - those volumes on your chart, bistolis, are as much use as a crack in a glass eye!
15 YEARS OF PASR ON FOREX FACTORY!
Quoting Hickson
No Trading today because it is my wife's birthday. As Strat taught us: HEALTH before WEALTH. The market will always be there tomorrow. We trade to LIVE, not live to trade.
No Trading today because it is my wife's birthday

Happy Birthday, Big Boss Mrs Hickson!

As Strat taught us: HEALTH before WEALTH.

The market will always be there tomorrow.

We trade to LIVE, not live to trade.

Well remembered, credos to LIVE by!
15 YEARS OF PASR ON FOREX FACTORY!
  • Post #18,137
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  • Edited Jul 10, 2024 2:22am Jul 9, 2024 1:58pm | Edited Jul 10, 2024 2:22am
Quoting Strat
M3 MES 09-24 {image} Switched to MES and then M3 because PA was such a mess today not helped by Fed waffling
last NYSE session was PUMP and DUMP, todays NYSE session, was .... "surprisingly" the reverse of that - DUMP and PUMP, Pump the minute FED chairman started his testimony, and PUMP went all the way up to produce a false breakout above the historic and filled intersession gap crated and filled yesterday. Now DOW is getting ready for the second day of chairman testimony. This session close and subsequent PA will prove in what order DUMP and PUMP will arrive tomorrow. or alternatively it might be a strong one direction trending day.
One needs to appreciate the undisputed fact that market is there to provide trading opportunities for all involved and good profits to those who can manage the risk while patiently applying the strategy that works for a profitable trader steeped in reality.

M5 provided a quality WRBs, the (possible) reversal WRBs have been tested, and provided valid insight to DUMP, and at the rotation M5 WRB, well tested gave a good insight to PUMP - a very useful and often occurring situation, with experience it is great to use them in taking trades. There has been PB, and DOW proceeded with a symmetric PUMP.
There were also a few running WRBs, it is good to distinguish these WRBs in accordance to their location v trend.

I hope the above is not in anyway beyond the scope of the wider theme of PASR, PA is the most important part of the thread, and we all search for S/R.
Trading DOW allows me to be focussed on one instrument on many TFs, GAPS are important to the way I trade DOW.

I have noticed few posts regarding Volume, I suspect this whole subject is not what it used to be over a hundred years ago. I would like to have a real volume, and spent considerable time and effort to get there, however, even having a direct CME volume still leaves out the black pools and undeclared trading within them. Volume is the other side of a coin of PA, and great effort is exercised to confuse us. So I decided to get along with what is available in full knowledge that it is not perfect. The effect is that I use volume indications with some restricted utility. It is well known that some prefer chicken legs to chicken breasts, so one dreaming of chicken with hundred legs has to be careful not to end up with centipede. At times we have to go along with what is there, of course hoping and striving for better.
Celebrating discipline.
Quoting Strat
{quote} No Trading today because it is my wife's birthday Happy Birthday, Big Boss Mrs Hickson! As Strat taught us: HEALTH before WEALTH. The market will always be there tomorrow. We trade to LIVE, not live to trade. Well remembered, credos to LIVE by!
Thank you, I played chef after work today and luckily the food was to the taste of the Big Boss!
Fix up, trade sharp ...
Quoting TimothyWarne
{quote} This is a beautiful trade. Am I right to think those Moving Averages are your trailing SL?
No you are not right to think that, what you are looking at is the Strat Shadow.
Once price is moving in a trend as in this case, stops are best managed by moving up as worker closes move up.
Hey im interested of learning and reading more about this method and the basics video requires flash player which is no longer supported is there another link to watch the basics video or is there a collage of messages teachings and rules of this method?
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