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Strat's PASR Long Term, Stress Free Trading

  • #641
  • Nov 9, 2017 9:53pm Nov 9, 2017 9:53pm
Quoting strat
Back to square 1 – THE BEGINNING! I have closed my private website and divulged myself of ALL commercial interests related to trading and have no further interest in promoting or pursuing commercial related activities on here or anywhere else. With the agreement and co-operation of Forex Factory (thank you, Twee), we are returning to the TRADING SYSTEMS forum as originally started on February 27, 2009. Although the thread has a new name “ Strat’s PASR Long Term, Stress Free Trading ”, the system, strategy...

Well.
Looks like my job is done!
Great to see you back, Strat.

(But please tell me this bit isn't so: " Although I have mellowed and become more tolerant over the years.." )
  • #642
  • Nov 9, 2017 10:02pm Nov 9, 2017 10:02pm
Hi Trogger, good to see you here.
  • #643
  • Nov 9, 2017 10:15pm Nov 9, 2017 10:15pm
Quoting trogger
{quote} Well. Looks like my job is done! Great to see you back, Strat. (But please tell me this bit isn't so: " Although I have mellowed and become more tolerant over the years.." )
Oh no, not a kiwi...

Kidding, good to see someone from a similar timezone!
  • #644
  • Edited Nov 10, 2017 5:14am Nov 9, 2017 10:45pm | Edited Nov 10, 2017 5:14am
Quoting strat
GBPAUD M5 100+ pips in London trading but none left for me in Pacific Standard Time! {image}
Awful lot of 5min charts being posted lately!!!

Now, speaking of GBP versus silly little antipodean currencies: How about GBP/NZD?

First, Let's start with something sensible... say, the Big Boss (or monthly for Erebus):

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDproMonthly.png Size: 40 KB


1. I've been looking for longs since Oct 2016 (should be pretty easy to work out why.)

Now, let's look at the Boss (sorry Erebus, I mean Weekly!):

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDproWeekly.png Size: 37 KB


2. Notice last week's pretty impressive (~620pip) bearish engulfing candle?
What is its's low? What might be significant about the low? (If you're blind, I'll spell it out for you: stalls at the resistance level May to April 2017, i.e. might be unconfirmed Support now).

So, let's go to worker (oh,. Damn. Sorry Erebus, I mean daily!):

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDproDaily.png Size: 33 KB


3. Note the (small) inside bar on 3 November? Size? Shape? position? [arrowed for you on above chart]

So, on 8 November (that's yesterday here in Kiwiland) I see the retracement towards 1.88 [2nd arrow on chart above]and I'm "In like Flynn"

(Actually, I bought off the 4 hour chart):

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDproH4.png Size: 34 KB


Now, in with 5 new positions. Very clearly defined stop. Two positions off overnight for 50 and 100 pips respectively. Next two targets as shown.

Will it keep going up to next target?
Well, I have absolutely no way of knowing - and I don't really care! Afterall, I have profits booked and the remainder now in a "free trade".

(And Not a 5 minute chart in sight!)
  • #645
  • Nov 10, 2017 12:19am Nov 10, 2017 12:19am
Quoting ficibald
{quote} where I can get this template with shadows?
No where.Use MA in color and Strat's shadow indicator and modify some settings.You will find these indies on old forum.
  • #646
  • Nov 10, 2017 2:08am Nov 10, 2017 2:08am
Quoting blueman
{quote} Nice job!
Just trying.Not nice yet.
  • #647
  • Nov 10, 2017 2:12am Nov 10, 2017 2:12am
Quoting TerryDawe
Lately I have been taking my screenshots using the MS snipping tool but can't figure out how to post the entire chart without including my live trading account number at the top. So I have been just snipping the section of chart I am trading. I would like to post the entire chart but without my account number at the top, can anyone help with this? Thanks Terry
Hi Terry

MT4 have a built-in save chart function. First click "File" form the menu then selection "Save as picture" next make sure you click on "Active Chart (as is)" this way you only save the information on the current open chart. If you select "Active Workspace" then it will save the whole screen including your A/C number on the top right. I hope this helps.
  • #648
  • Nov 10, 2017 4:39am Nov 10, 2017 4:39am
Quoting TerryDawe
Lately I have been taking my screenshots using the MS snipping tool but can't figure out how to post the entire chart without including my live trading account number at the top. So I have been just snipping the section of chart I am trading. I would like to post the entire chart but without my account number at the top, can anyone help with this? Thanks Terry
Hi Terry,

If you prefer scripts, have a look at the tool attached to this post: https://www.forexfactory.com/showthr...30#post5168630
  • #649
  • Nov 10, 2017 4:48am Nov 10, 2017 4:48am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Hello traders,

good to see strats "update" of his old thread , so retailers can learn how to look at a chart and learn the language of PA

enclosed a "scalp trade" inside Controlcandle

EG D1 - worker you say

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily shad.png Size: 58 KB



EG H6 you see white DOT line and mPP and FE50 as S/R

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH6 shad.png Size: 66 KB



M1o

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPM10 shad.png Size: 61 KB


patience and green pips

thx strat
from level to level - you need mental strength to reach the summit
  • #650
  • Nov 10, 2017 9:17am Nov 10, 2017 9:17am
Thanks to those who provided assistance with my question regarding posting software. I have started using the one provided in MT4 and it serves my needs.

Regards
Terry
  • #651
  • Nov 10, 2017 10:06am Nov 10, 2017 10:06am
Weekly Control Candle

Quoting bistolis
{quote} Hello I mean only the body of 1 and 2 {image}
Sorry, but I still don't understand.
15 YEARS OF PASR ON FOREX FACTORY!
  • #652
  • Nov 10, 2017 10:19am Nov 10, 2017 10:19am
Quoting trogger
{quote} Well. Looks like my job is done! Great to see you back, Strat. (But please tell me this bit isn't so: " Although I have mellowed and become more tolerant over the years.." )
Wild Thing, good to see you back on here! Now the thread is complete!

I think I have mellowed and become more tolerant but not according to the Trouble and Strife - she says I have got worse!
15 YEARS OF PASR ON FOREX FACTORY!
  • #653
  • Nov 10, 2017 10:38am Nov 10, 2017 10:38am
M5 timeframe

Quoting trogger
{quote} Awful lot of 5min charts being posted lately!!! Now, speaking of GBP versus silly little antipodean currencies: How about GBP/NZD? First, Let's start with something sensible... say, the Big Boss (or monthly for Erebus): {image} 1. I've been looking for longs since Oct 2016 (should be pretty easy to work out why.) Now, let's look at the Boss (sorry Erebus, I mean Weekly!): {image} 2. Notice last week's pretty impressive (~620pip) bearish engulfing candle? What is its's low? What might be significant about the low? (If you're blind, I'll spell...
Strange thing about M5, Wild Thing. They have always been "hard work" and too time consuming for me. I occasionally looked at M5 and then one time, after seeing a nice run in London time zone, I realised I was using the wrong strategy. I was using basic PASR when I should have been using Swing PASR - a bit like trying to ride a bicycle with square wheels. Then I got really frustrated because most of the big swings/trends happen during the London time zone and for me, being 8 hours behind London, there were no swings/trend left.

Then, I realised my being 8 hours behind London was an ADVANTAGE! Instead of trading the trend, I could trade the pull backs as long as the trend was being continued by New York. This reduced my risk, increased probability and allowed me to load up on my positions and position size. On top of all that, it only takes a couple of hours because in most cases, the trend fizzles out and New York trades opposite to London. Usually I am done by 9 am and then its off with the Trouble and Strife to relax by the Ocean.

I don't know what M5 looks like in KiwiLand but take a look
15 YEARS OF PASR ON FOREX FACTORY!
  • #654
  • Nov 10, 2017 11:23am Nov 10, 2017 11:23am
Also possible good trades on GBPNZD,GBPCAD,GBPUSD,GBPJPY & AUDJPY.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2017-11-10_2311.png Size: 40 KB
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  • #655
  • Nov 10, 2017 12:25pm Nov 10, 2017 12:25pm
GBPNZD M5

Quoting TerryDawe
+70 pips today on M5 from break of 200ema starting on NY open after London shorting stopped. {image}
I can't really make out your entry and exit, Terry BUT, 70 pips is 70 PIPS! Well done.
15 YEARS OF PASR ON FOREX FACTORY!
  • #656
  • Nov 10, 2017 12:36pm Nov 10, 2017 12:36pm
M5

Quoting saad007
Also possible good trades on GBPNZD,GBPCAD,GBPUSD,GBPJPY & AUDJPY. {image} {image} {image} {image}
You are IMPROVING with each trade you take and have come a LONG WAY from where and when you first started - I am impressed!

Stay away from the LOW VOLATILITY pairs as 1) their pip potential is LOW and many times are LOSERS or at best, break even, 2) it ties up your margin which could have otherwise been put to better use on more volatile pairs, 3) it is taking up your time, focus and concentration which could put the other pairs being traded at the same time at risk.

Keep spending thousands of hours practicing on thousands of charts.
15 YEARS OF PASR ON FOREX FACTORY!
  • #657
  • Nov 10, 2017 2:37pm Nov 10, 2017 2:37pm
SAAD07,

Which MAs are you using for the shadow? 1 and 20 or 1 and 50?
  • #658
  • Nov 10, 2017 2:58pm Nov 10, 2017 2:58pm
Quoting rcbarlow
SAAD07, Which MAs are you using for the shadow? 1 and 20 or 1 and 50?
Nearly sure Strat updated the 50 to 72 after some research.
  • #659
  • Nov 10, 2017 3:16pm Nov 10, 2017 3:16pm
Yes, but the shadow is using 0 or 1 and something.
  • #660
  • Nov 10, 2017 3:24pm Nov 10, 2017 3:24pm
Quoting rcbarlow
Yes, but the shadow is using 0 or 1 and something.
not 100% certain but I think the settings should be:
20, 1, 0
72, 1, 0
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