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Strat's PASR Long Term, Stress Free Trading

  • #241
  • Edited 12:47pm Oct 25, 2017 11:48am | Edited 12:47pm
From the "old" thread

Power of Time Frames
1) We take our direction from the BIG BOSS (Monthly)
2) We take our direction (and sometimes trades) from the BOSS (Weekly)
3) We time and initiate our trades on the Worker (Daily)

So, when we do an analysis of a pair or any financial instrument for that matter:

We identify our SR levels

We find out where the BIG BOSS is relative to ITS trend AND where it is headed in the SHORT TERM relative to ITS SR levels

Knowing the direction of the BIG BOSS, we review the BOSS. If the BOSS is fighting the BIG BOSS, it will be very difficult to trade so we WAIT until the BOSS aligns herself with the BIG BOSS.

With the BIG BOSS and BOSS now in harmony (both moving together in the same direction) we drop down to the Worker.

We wait for the Worker to give us PASR in the direction of the BIG BOSS and BOSS. Rewarding and stress free trades come when we time the Worker JUST TURNING into the direction of the BIG BOSS and BOSS at PASR (as shown on the attached chart)

The MOST REWARDING and STRESS FREE trade comes when you can time the Worker turning into the direction of the BIG BOSS at THE SAME TIME as the BOSS turns into the direction of the BIG BOSS.

It sounds SIMPLE and it really is that SIMPLE but to make it stress free we MUST trade with PASR. Trying to guess trades is the best known way to blow an account.

WAIT until you SEE all the following happening.

Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...1&d=1504038080
1
15 YEARS OF PASR ON FOREX FACTORY!
  • #242
  • Oct 25, 2017 11:51am Oct 25, 2017 11:51am
From the "old" thread
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15 YEARS OF PASR ON FOREX FACTORY!
  • #243
  • Oct 25, 2017 11:52am Oct 25, 2017 11:52am
From the "old" thread
USDCAD

Here is my post to the membership on August 16, 2017
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https://www.forexfactory.com/attachm...1&d=1504886404


And, 485 pips PROFIT later (and counting), here is where we are NOW
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https://www.forexfactory.com/attachm...1&d=1504886428
15 YEARS OF PASR ON FOREX FACTORY!
  • #244
  • Oct 25, 2017 11:57am Oct 25, 2017 11:57am
Moving Averages 200ema

Here is the post I referred to above from Trogger and my reply
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15 YEARS OF PASR ON FOREX FACTORY!
  • #245
  • Oct 25, 2017 12:12pm Oct 25, 2017 12:12pm
Quoting strat
Weekly Control Candles {quote} 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...
Thank you for the clarification. Of course, I will follow your advice carefully.

As for the PASR, I've read your PDF three times so far (will read it again) and every time I did I learned something , I'm not in hurry BEOB, BUOB, BEEB, BUEB, hammers and stars, etc... drawing S/R lines from the BOSS, refine on Worker, and so on. Practicing on demo account and learning on the go.

Back to my screenshots, the red lines are the S/R line of the WCC as I identified them. I hope I'm correct. Thank you again.
  • #246
  • Oct 25, 2017 12:17pm Oct 25, 2017 12:17pm
Thanks to Emmanuel for reminding us of my post in the "old" thread Post # 20,265

PRICE ACTION LEADS - indicators LAG

Here is yet another example of how indicators LAG PRICE ACTION

Heiken Ashi - a GREEN BULL candle on SELLING action - really?

Stochastics - STILL on a BUY signal

TDI - Everyone's FAVOURITE indicator - STILL on a BUY signal

MACD - The LAGGER of all LAGGERS - JUST turned into a BUY signal

While I accept that money can be made trading indicators, MUCH, MUCH MORE can be made trading PRICE ACTION
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https://www.forexfactory.com/attachm...1&d=1426787409

Attachment 1635765
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15 YEARS OF PASR ON FOREX FACTORY!
  • #247
  • Oct 25, 2017 12:43pm Oct 25, 2017 12:43pm
Weekly Control Candles

Quoting sabbah
{quote} Thank you for the clarification. Of course, I will follow your advice carefully. As for the PASR, I've read your PDF three times so far (will read it again) and every time I did I learned something , I'm not in hurry BEOB, BUOB, BEEB, BUEB, hammers and stars, etc... drawing S/R lines from the BOSS, refine on Worker, and so on. Practicing on demo account and learning on the go. Back to my screenshots, the red lines are the S/R line of the WCC as I identified them. I hope I'm correct. Thank you again.
Please remember that PDF is not "my" PDF and was compiled by a kind person on another thread. It is ONLY a ""SUMMARY"" of PASR and also is 4 years old. The REAL teachings of PASR are in my "old" thread.

See my comments on your charts on those candles identified by you as Weekly Control Candles. Remember that we can only QUALIFY a Weekly Control Candle with 2 weekly candles. The last CLOSED weekly candle determines whether the previous weekly candle is IN CONTROL or not
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15 YEARS OF PASR ON FOREX FACTORY!
  • #248
  • Oct 25, 2017 12:55pm Oct 25, 2017 12:55pm
Sabbath
I would add that I put WCC on my chart but as Strat says I don’t always use them, and when I do it can be on different ways - they can help identify S/R or give a hint where to maybe go against the trend for a trade to next S/R. They are good to have on the charts to get an extra feel for what price is doing
If you can wait and not be tired by waiting...
  • #249
  • Oct 25, 2017 12:57pm Oct 25, 2017 12:57pm
Weekly Control Candles

Just in case I misread your interpretation
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15 YEARS OF PASR ON FOREX FACTORY!
  • #250
  • Oct 25, 2017 1:07pm Oct 25, 2017 1:07pm
PRICE ACTION

Quoting strat
Thanks to Emmanuel for reminding us of my post in the "old" thread Post # 20,265 PRICE ACTION LEADS - indicators LAG Here is yet another example of how indicators LAG PRICE ACTION Heiken Ashi - a GREEN BULL candle on SELLING action - really? Stochastics - STILL on a BUY signal TDI - Everyone's FAVOURITE indicator - STILL on a BUY signal MACD - The LAGGER of all LAGGERS - JUST turned into a BUY signal While I accept that money can be made trading indicators, MUCH, MUCH...
Just to qualify this quote ""PRICE ACTION LEADS"", it does not, will not and cannot, foretell FUTURE PRICE ACTION.

There is NOTHING in this universe that can PREDICT what PRICE will do today, tomorrow or any other time in the future - we can only base our strategies and methods on the FACTS presented to us on the current and up to date information given to us by our brokers on our charts.


Yesterday is history. Tomorrow is a mystery. Today is a gift. That's why it is called the present.
15 YEARS OF PASR ON FOREX FACTORY!
  • #251
  • Oct 25, 2017 1:41pm Oct 25, 2017 1:41pm
Quoting glyder
Sabbath I would add that I put WCC on my chart but as Strat says I don’t always use them, and when I do it can be on different ways - they can help identify S/R or give a hint where to maybe go against the trend for a trade to next S/R. They are good to have on the charts to get an extra feel for what price is doing
Thank you for the advice. I just want to make sure I understand them and spot them right.

Quoting strat
Weekly Control Candles Just in case I misread your interpretation {image}
I got 3 out of 5 right Back to your definition:

Quote
Remember that we can only QUALIFY a Weekly Control Candle with 2 weekly candles. The last CLOSED weekly candle determines whether the previous weekly candle is IN CONTROL or not
and...
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So looking at EJ example

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Candle 2 closed above the high of candle 1, which makes 2 new WCC. Then candle 4 close below low of candle 2, which make 4 new WCC, then candle 6 close above high of candle 4, which make 6 the new WCC. Candle 7 is the current week, so until this week close, candle 6 is the WCC. So, what did I miss? In this chart, which candle is the current WCC? Appreciate your help.
  • #252
  • Oct 25, 2017 1:58pm Oct 25, 2017 1:58pm
Quoting sabbah
{quote} Thank you for the advice. I just want to make sure I understand them and spot them right. {quote} I got 3 out of 5 right Back to your definition: {quote} and... {image} So looking at EJ example {image} Candle 2 closed above the high of candle 1, which makes 2 new WCC. Then candle 4 close below low of candle 2, which make 4 new WCC, then candle 6 close above high of candle 4, which make 6 the new WCC. Candle 7 is the current week, so until this week close, candle 6 is the WCC. So, what did I miss? In this chart, which candle...
if I understand it correctly, only candle 2 was WCC
  • #253
  • Oct 25, 2017 2:03pm Oct 25, 2017 2:03pm
Quoting strat
Moving Averages {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...
Wow! Is this program available somewhere on the net? It would be such helpful and fantastic trading with it
  • #254
  • Oct 25, 2017 2:16pm Oct 25, 2017 2:16pm
Weekly Control Candle

Quoting sabbah
{quote} Thank you for the advice. I just want to make sure I understand them and spot them right. {quote} I got 3 out of 5 right Back to your definition: {quote} and... {image} So looking at EJ example {image} Candle 2 closed above the high of candle 1, which makes 2 new WCC. Then candle 4 close below low of candle 2, which make 4 new WCC, then candle 6 close above high of candle 4, which make 6 the new WCC. Candle 7 is the current week, so until this week close, candle 6 is the WCC. So, what did I miss? In this chart, which candle...
You did not miss anything - you got it exactly right. I was confused because in your post with your charts, you had not made it clear which candle you identified as the Weekly Control Candle
15 YEARS OF PASR ON FOREX FACTORY!
  • #255
  • Oct 25, 2017 2:18pm Oct 25, 2017 2:18pm
Weekly Control Candle

Quoting dbsys
{quote} if I understand it correctly, only candle 2 was WCC
The explanation in Post 251 is correct
15 YEARS OF PASR ON FOREX FACTORY!
  • #256
  • Oct 25, 2017 2:25pm Oct 25, 2017 2:25pm
What do you think about this, guys? The magenta dotted lines are the max and the min of the previous month, and the red dotted lines are the max and the min of the previous weekly candle.; The worker is trapped inside this, and a triangle has formed. Should it be a long enter...? Weekly seems like it's trying to go up and the monthly... monthly i don't know what is doing. Maybe you know it :-)
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  • #257
  • Oct 25, 2017 2:29pm Oct 25, 2017 2:29pm
Quoting strat
Weekly Control Candle {quote} You did not miss anything - you got it exactly right. I was confused because in your post with your charts, you had not made it clear which candle you identified as the Weekly Control Candle
Sorry for the confusion, and thank you for the help.

Back to your old thread ... Next to study your Strat Shadow. Hope I can figure it out. Any tip is appreciated.

BTW, anyone made a WCC indi? It looks relatively easy to code. It will save a lot of time.
  • #258
  • Oct 25, 2017 2:30pm Oct 25, 2017 2:30pm
Moving Averages

Quoting Joseph95
{quote} Wow! Is this program available somewhere on the net? It would be such helpful and fantastic trading with it
The program is my personal property. Everyone benefits from it when I update, if needed, my Strat Shadow at the end of the trading year after running the program.

Pray tell how this program would help you and make you a fantastic trader.
15 YEARS OF PASR ON FOREX FACTORY!
  • #259
  • Oct 25, 2017 2:34pm Oct 25, 2017 2:34pm
EURUSD

Quoting Joseph95
What do you think about this, guys? The magenta dotted lines are the max and the min of the previous month, and the red dotted lines are the max and the min of the previous weekly candle.; The worker is trapped inside this, and a triangle has formed. Should it be a long enter...? Weekly seems like it's trying to go up and the monthly... monthly i don't know what is doing. Maybe you know it :-) {image}
If you don't know what PRICE is doing - DON'T TRADE! It seems like your account is burning a hole in your pocket. Only trade when the trade STANDS OUT LIKE A SORE THUMB
15 YEARS OF PASR ON FOREX FACTORY!
  • #260
  • Oct 25, 2017 2:44pm Oct 25, 2017 2:44pm
Weekly Control Candle

Quoting sabbah
{quote} Sorry for the confusion, and thank you for the help. Back to your old thread ... Next to study your Strat Shadow. Hope I can figure it out. Any tip is appreciated. BTW, anyone made a WCC indi? It looks relatively easy to code. It will save a lot of time.
BTW, anyone made a WCC indi? It looks relatively easy to code. It will save a lot of time

And this is the ABSOLUTE WORSE thing to do!

First, we are trading the daily time frames which only need a FEW MINUTES of End of Day analysis each day - how much time do you want to save?

Second, and MORE IMPORTANT, NEVER, EVER RELY and make financial commitments on something YOU have NO CONTROL over.

Third, YOU (WE) need as much practice and experience as YOU can get by making YOUR trading brain work for YOU at it's most efficient level. Using any type of indicator will VOID the NEED for a TRADING BRAIN!
15 YEARS OF PASR ON FOREX FACTORY!
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