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Strat's PASR Long Term, Stress Free Trading

  • #221
  • Oct 24, 2017 10:30am Oct 24, 2017 10:30am
GBPAUD

Quoting swiftman
Open T-0020 GBPAUD Long {image} Worker: ABCD pattern completed. 50% Fib retracement. A BUEB at workers support with close above 20 ema. 20 ema is above 63 ema. Expecting resistance at BRN 1.7000 Trading Plan Trade Num: T-0020 Risk 1% SL: Below BUEB low. Entry: Market price. TP1: Boss’s resistance (blue line) Tp2: Major swing top at 1.7500 {image} Boss: The hammer rejected by 20 ema indicate a possible change of the swing form down to up. Price is still inside Strat Shadow so we should not expect a smooth up swing. {image} Big Boss: BUEB but price...
Jason, you should not consider long positions UNTIL there is a CLOSE above the Boss Strat Shadow.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #222
  • Oct 24, 2017 10:54am Oct 24, 2017 10:54am
Trend trading using PASR and the Strat Shadow

Ignoring the time frame as the Markets are FRACTAL, this is what we look for to trend trade.

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This is what we look for to STAY OUT OF TREND TRADING

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15 YEARS OF PASR ON FOREX FACTORY!
  • #223
  • Oct 24, 2017 11:38am Oct 24, 2017 11:38am
Thanks Strat

Great advice. The hard part is finding this pattern on the higher time frames these days. Although the EURJPY has been providing this recently. And the USDCHF is starting also.

Regards
Terry
  • #224
  • Oct 24, 2017 12:05pm Oct 24, 2017 12:05pm
Strat,
Could you please share your current indicators and template, including open lines?
Thanks and best regards
  • #225
  • Oct 24, 2017 1:08pm Oct 24, 2017 1:08pm
The EMA are 20, 50 and 100 OR 20, 63 and 100? thanks
  • #226
  • Oct 24, 2017 2:26pm Oct 24, 2017 2:26pm
Quoting blueman
The EMA are 20, 50 and 100 OR 20, 63 and 100? thanks

good that you read all strat's posts in the Commercial thread,
these posts should answer your question

https://www.forexfactory.com/showthr...87#post2574487

Strat Shadow
https://www.forexfactory.com/showthr...09#post8177009
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #227
  • Oct 24, 2017 2:36pm Oct 24, 2017 2:36pm
Quoting emmanuel7788
{quote} good that you read all strat's posts in the Commercial thread, these posts should answer your question https://www.forexfactory.com/showthr...87#post2574487 Strat Shadow https://www.forexfactory.com/showthr...09#post8177009
Many thanks Emmanuel, you are awesome as usual
  • #228
  • Oct 24, 2017 2:37pm Oct 24, 2017 2:37pm
Quoting emmanuel7788
{quote} good that you read all strat's posts in the Commercial thread, these posts should answer your question https://www.forexfactory.com/showthr...87#post2574487 Strat Shadow https://www.forexfactory.com/showthr...09#post8177009
Thank you, Emmanuel
15 YEARS OF PASR ON FOREX FACTORY!
  • #229
  • Oct 24, 2017 3:19pm Oct 24, 2017 3:19pm
PASR

An example of our 3 TIme Frames IN HARMONY

Big Boss
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Boss
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Worker
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15 YEARS OF PASR ON FOREX FACTORY!
  • #230
  • Oct 24, 2017 4:36pm Oct 24, 2017 4:36pm
Excellent example Strat

It is clear on the attached chart that once price retraced back to the low of the BB swing high bar, as shown as the green line, the worker found resistance and moved down as you stated last week.

Regards
Terry
Attached Image
  • #231
  • Oct 25, 2017 3:59am Oct 25, 2017 3:59am
hello Strat. I noticed that in your old thread you were using also the 100 and 250 moving averages. Why now you are not using it?

Cheers
Quoting strat
PASR An example of our 3 TIme Frames IN HARMONY Big Boss {image} Boss {image} Worker {image}
  • #232
  • Oct 25, 2017 5:56am Oct 25, 2017 5:56am
Quoting strat
GBPAUD {quote} Jason, you should not consider long positions UNTIL there is a CLOSE above the Boss Strat Shadow. {image}
Hi Strat

Advice taken. TP1 reached and SL moved to break-even.
After studying the Weekly/Boss chart I find out lot of large moves usually start after price crossed Boss's Strat Shadow.
If we initial trade at the end of first pullback on the Daily/Worker after price crossed Boss's Strat Shadow then its usually a safe trade.
The safest and stress free trade comes when the end of first pullback is at resistance/support and rejected by Worker's Strat Shadow preferably the 20 EMA, like the recent NZDUSD swing down move. I will start to look for those setup on daily time frame.

Thank you.
  • #233
  • Oct 25, 2017 5:57am Oct 25, 2017 5:57am
Quoting Joseph95
hello Strat. I noticed that in your old thread you were using also the 100 and 250 moving averages. Why now you are not using it? Cheers {quote}

Pay attention to details.
250SMA on Daily is 50SMA on Weekly
100EMA on Daily is 20EMA on Weekly

That Post#75 chart

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #234
  • Oct 25, 2017 6:04am Oct 25, 2017 6:04am
Quoting Joseph95
hello Strat. I noticed that in your old thread you were using also the 100 and 250 moving averages. Why now you are not using it? Cheers {quote}
Hi Joseph95

The 100 EMA on the daily is the same as 20 EMA on the weekly. The 50 EMA has been replaced by 63 EMA.

20 EMA x 5 days = 100 EMA
50 EMA x 5 days = 250 EMA
  • #235
  • Oct 25, 2017 10:55am Oct 25, 2017 10:55am
Quoting strat
{quote} Salam ali cum, Mafee Mushkila!
Hello Strat! Thank you for understanding.

I've spent the last two days reading and studying each and every example you gave in the old thread (even saved screenshots of them), great work. As I understand it:-

1) if the daily price (worker) inside it, then trading is in a range. We trade the range using PASR rules, or
2) wait for WCC to be broken when a new WEEKLY candle close above or below the high/low (not the open and close) of the current WCC, then trade in the direction of the break
3) the high and low of the new WCC becomes the new range and forms the new S/R

Did I get it right?

I understand that you have not disclosed the parameters to identify the WCC outside of your website before and it was copyrighted and protected. I wonder what is the status now. Can I post some screenshots examples of WCC that I identified for your confirmation?
  • #236
  • Oct 25, 2017 10:59am Oct 25, 2017 10:59am
Weekly Control Candles

Quoting sabbah
{quote} Hello Strat! Thank you for understanding. I've spent the last two days reading and studying each and every example you gave in the old thread (even saved screenshots of them), great work. As I understand it:- 1) if the daily price (worker) inside it, then trading is in a range. We trade the range using PASR rules, or 2) wait for WCC to be broken when a new WEEKLY candle close above or below the high/low (not the open and close) of the current WCC, then trade in the direction of the break 3) the high and low of the new WCC becomes the new...
Yes, you understood correctly.

Everything is now in the public domain so you are free to use and do whatever you want.
15 YEARS OF PASR ON FOREX FACTORY!
  • #237
  • Edited 12:28pm Oct 25, 2017 11:05am | Edited 12:28pm
Quoting strat
Weekly Control Candles {quote} Yes, you understood correctly. Everything is now in the public domain so you are free to use and do whatever you want.
Excellent!

Here are some examples... appreciate your confirmation:

RED lines S/R of the WCC -

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5th candle from right

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7th candle from right

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2nd candle from right

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2nd candle from right

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4th candle from right
  • #238
  • Edited 11:43am Oct 25, 2017 11:20am | Edited 11:43am
Moving Averages

Quoting Joseph95
hello Strat. I noticed that in your old thread you were using also the 100 and 250 moving averages. Why now you are not using it? Cheers {quote}
You have to be careful with moving averages and not get fixated on them. Like all indicators, which are DERIVED FROM PRICE, they are lagging and not really useful, in and of, themselves, for initiating trades. They are useful as DYNAMIC SUPPORT and RESISTANCE levels in conjunction with PASR.

You will find that each forex pair has it's own unique moving averages which PRICE responds to. At the end of each trading year, I have a computer wiz run a program he developed for me to determine which moving averages to use in my Strat Shadow for the coming year. This program identifies the most accurate and effective moving averages across all forex pairs.

Where you see me using 100 and 250 or 200 or any other moving average it is because that particular pair is responding to such moving average. An example of this is one of Trogger's posts on my "old" thread where he commented about EURGBP responding to the 200 ema.

My advice to members of the expired private website who wanted to specialise on one or two particular pairs was to find the moving average(s) which PRICE responded to.
15 YEARS OF PASR ON FOREX FACTORY!
  • #239
  • Oct 25, 2017 11:30am Oct 25, 2017 11:30am
PASR

Quoting swiftman
{quote} Hi Strat Advice taken. TP1 reached and SL moved to break-even. After studying the Weekly/Boss chart I find out lot of large moves usually start after price crossed Boss's Strat Shadow. If we initial trade at the end of first pullback on the Daily/Worker after price crossed Boss's Strat Shadow then its usually a safe trade. The safest and stress free trade comes when the end of first pullback is at resistance/support and rejected by Worker's Strat Shadow preferably the 20 EMA, like the recent NZDUSD swing down move. I will start to look for...
If we initial trade at the end of first pullback on the Daily/Worker after price crossed Boss's Strat Shadow then its usually a safe trade.

Yes, Jason. I have posted many times that this "pullback" is the Corrective Wave 2 in Elliott Wave theory. The most important point is ""after PRICE CLOSED above the Boss Strat Shadow"" - crossing does NOT count and usually leads to fake moves. Remember the CLOSE is the most important PRICE level when using PASR.
15 YEARS OF PASR ON FOREX FACTORY!
  • #240
  • Oct 25, 2017 11:42am Oct 25, 2017 11:42am
Weekly Control Candles

Quoting sabbah
{quote} Excellent! Here are some examples... appreciate your confirmation: {image} {image} {image} {image} {image}
Please identify which you consider Weekly Control Candles

I would also caution you that, while they are very powerful when used correctly AND in conjunction with PASR, they are not some "magical" identity which alone, will make you a consistently profitable trader. Make sure you UNDERSTAND PASR before trying to apply Weekly Control Candles.

Another caution is that I developed them for members on the expired private website to identify consolidation and a trading range to help reduce whipsaws in trading. If not really UNDERSTOOD, Weekly Control Candles will stop you from taking ANY trades. You must remember that a weekly candle consists of 5 daily candles and on a volatile pair like GBPNZD, a weekly candle can be in excess of 1900 pips! which is VERY TRADABLE on the daily time frame.
15 YEARS OF PASR ON FOREX FACTORY!
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