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Strat's PASR Long Term, Stress Free Trading

  • #681
  • Nov 11, 2017 11:46am Nov 11, 2017 11:46am
Yeah you're right Mick,

There are many opportunities on the shorter time frames and it works quite well signing in around 0800 hrs. ET.

Good luck with your trading
Regards
Terry
  • #682
  • Nov 12, 2017 2:40am Nov 12, 2017 2:40am
Just an example of a nice smooth trend at the right times. For me that means getting up at 2am however.
Attached Image (click to enlarge)
Click to Enlarge Name: PASR.png Size: 66 KB
If you are good at something, never do it for free--Joker
  • #683
  • Nov 12, 2017 3:27am Nov 12, 2017 3:27am
Quoting Rub
Here's a trade I'm about to be stopped out on I suspect. Have been looking for longs due to the monthly pin in September. entered with resistance turned support, 1.2700 round number and bullish engulfing bar. {image} {image}
I'm just going to state what I see from your post

 

  1. you are entering long based on a Pin bar on the Weekly (monthly)
  2. Your entry is on the Worker (daily ) and your stop is based on daily entry.
  3. (see image) your MA's were narrowing thus adding greater risk to this trade.
  4. I see no 200MA I'm pretty sure Strat would advise you to learn about the power of 200 MA.

Attached Image
  • #684
  • Nov 12, 2017 4:23am Nov 12, 2017 4:23am
Quoting Rub
Here's a trade I'm about to be stopped out on I suspect. Have been looking for longs due to the monthly pin in September. entered with resistance turned support, 1.2700 round number and bullish engulfing bar. {image} {image}
Something else that might help you rub is to go ahead and add those shadows. It allows you to make quick decisions. From what I can see the weekly and monthly shadows do not match. Easier game afoot else where. Also consider buying support and selling resistance when trying to get long. That help me to wait for an acceptable pullback where there will be some buyers to push my trade.
If you are good at something, never do it for free--Joker
  • #685
  • Nov 12, 2017 4:35am Nov 12, 2017 4:35am
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 and methodology IS THE SAME. The thread...
Thank you Strat! I really like your way to teach and your proven methods. I study at the moment the pdf summary. I'm really impressed about all the details in it. I already learned a lot. Thank you mate!
  • #686
  • Nov 12, 2017 8:07am Nov 12, 2017 8:07am
Quoting TerryDawe
Yeah you're right Mick, There are many opportunities on the shorter time frames and it works quite well signing in around 0800 hrs. ET. Good luck with your trading Regards Terry
Best of luck to yourself also Terry and many thanks to Strat for starting this thread.


Counting 17 pairs with WCC in play at this week end.
Only started to take note recently so not sure if its about normal number or high.
  • #687
  • Nov 12, 2017 8:36am Nov 12, 2017 8:36am
Quoting TerryDawe
Summary of my GBPNZD long trade. I entered at 1.8880 with two micro lots on the M5 with PA signal BUEOB rejecting 200ema and closing above its 9sma and 20ema. On H4 this location also printed a BUEB rejecting its 200ema followed by a doji. Closed half of my position at 1.8950 for 70 pips. After entering on M5, I used H1 and H4 S/R levels and closed rest of position at H4 resistance Friday afternoon for an additional 100 pips. {image} {image}
Nice trades Terry. I was also following the similar trend on GBPAUD but did not take the trade. By the way if you want to show exact entry and exit on the chart then checkout the youtube link below;

Inserted Video
  • #688
  • Nov 12, 2017 8:59am Nov 12, 2017 8:59am
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...
Hi Trogger

Thanks for the insight. First I had trouble understanding when you wrote "I've been looking for longs since Oct 2016 (should be pretty easy to work out why.) " then I realize due to lack of datafeed from Oanda I can not see the whole picture. So I manage to pull all history data on GBPNZD and the answer is lot more clear now with the help of 3 month chart is even more clear. Once again thank you for the insight.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB

Oanda Big Boss Chart

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 81 KB

IDC Big Boss Chart

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 68 KB

IDC 3 month chart
  • #689
  • Nov 12, 2017 9:39am Nov 12, 2017 9:39am
PASR

Quoting kleybenny
{quote} Thank you Strat! I really like your way to teach and your proven methods. I study at the moment the pdf summary. I'm really impressed about all the details in it. I already learned a lot. Thank you mate!
The pdf is ONLY a summary so make sure you get on ""The Path"" by starting at Post #1 and READING, LEARNING and UNDERSTANDING from there.
15 YEARS OF PASR ON FOREX FACTORY!
  • #690
  • Nov 12, 2017 9:43am Nov 12, 2017 9:43am
PASR

Quoting Mick1706
{quote} Thats true Terry .I'm in london time zone and a lot of trends begin around that time. Having said that Strat has posted lots of 5 min charts well into New York session with nice pips.
I'm in london time zone and a lot of trends begin around that time

Be careful - many false moves, ranging and consolidation begin around ""that time"" - choose your pair carefully.
15 YEARS OF PASR ON FOREX FACTORY!
  • #691
  • Nov 12, 2017 9:54am Nov 12, 2017 9:54am
PASR

Quoting Mick1706
{quote} Thats true Terry .I'm in london time zone and a lot of trends begin around that time. Having said that Strat has posted lots of 5 min charts well into New York session with nice pips.
Also note that in the London time zone, you are PASR trading the trend. In the New York time zone, I am trading PASR pullbacks in the direction of the trend since I am 8 hours behind London - a big difference in strategies - don't mix or confuse the two.
15 YEARS OF PASR ON FOREX FACTORY!
  • #692
  • Nov 12, 2017 10:59am Nov 12, 2017 10:59am
Quoting strat
PASR {quote} Also note that in the London time zone, you are PASR trading the trend. In the New York time zone, I am trading PASR pullbacks in the direction of the trend since I am 8 hours behind London - a big difference in strategies - don't mix or confuse the two.
Thanks ,food for thought.
  • #693
  • Nov 12, 2017 11:27am Nov 12, 2017 11:27am
Quoting swiftman
{quote} Hi Trogger Thanks for the insight. First I had trouble understanding when you wrote "I've been looking for longs since Oct 2016 (should be pretty easy to work out why.) " then I realize due to lack of datafeed from Oanda I can not see the whole picture. So I manage to pull all history data on GBPNZD and the answer is lot more clear now with the help of 3 month chart is even more clear. Once again thank you for the insight. {image} Oanda Big Boss Chart {image} IDC Big Boss Chart {image} IDC 3 month chart
Thanks. I think you are using Tradingview chart Can I ask how you change Oanda chart to FX_IDC in Tradingview?
  • #694
  • Nov 12, 2017 11:31am Nov 12, 2017 11:31am
Thanks for that information Jason

Regards
Terry
  • #695
  • Nov 12, 2017 1:24pm Nov 12, 2017 1:24pm
Thank for the feedback everyone. jmn5611 I'll see about adding the shadow from the old thread if I can find the right version.
  • #696
  • Nov 12, 2017 2:35pm Nov 12, 2017 2:35pm
Quoting jmn5611
{quote} Something else that might help you rub is to go ahead and add those shadows. It allows you to make quick decisions. From what I can see the weekly and monthly shadows do not match. Easier game afoot else where. Also consider buying support and selling resistance when trying to get long. That help me to wait for an acceptable pullback where there will be some buyers to push my trade.
you watch monthly and weekly shadows to match,and then enter on daily,like original strat strategy?how mutch trades you got avarage in month,I ask it because I see wery few trading opurtunities maybe I miss lot of trades
  • #697
  • Nov 12, 2017 3:42pm Nov 12, 2017 3:42pm
Quoting ficibald
{quote} you watch monthly and weekly shadows to match,and then enter on daily,like original strat strategy?how mutch trades you got avarage in month,I ask it because I see wery few trading opurtunities maybe I miss lot of trades
This method is about quality first in my opinion. So at the outset you will miss some trades. After you get competent, there are other methods to employ, like trading within the WCC.
If you are good at something, never do it for free--Joker
  • #698
  • Nov 12, 2017 8:52pm Nov 12, 2017 8:52pm
PASR Long Term Stress Free Trading

Quoting ficibald
{quote} you watch monthly and weekly shadows to match,and then enter on daily,like original strat strategy?how mutch trades you got avarage in month,I ask it because I see wery few trading opurtunities maybe I miss lot of trades
Do you know what the TITLE of THIS thread is?
15 YEARS OF PASR ON FOREX FACTORY!
  • #699
  • Nov 13, 2017 12:37am Nov 13, 2017 12:37am
Quoting Corinna
{quote} Thanks. I think you are using Tradingview chart Can I ask how you change Oanda chart to FX_IDC in Tradingview?
Hi Corinna.

Are you using tradingview stand-alone platform or Oanda's advance chart platform?
  • #700
  • Nov 13, 2017 1:41am Nov 13, 2017 1:41am
Oanda.
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