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Strat's PASR Long Term, Stress Free Trading

  • #841
  • Nov 18, 2017 4:32am Nov 18, 2017 4:32am
Quoting TerryDawe
Just me but I can't stand looking at charts like this. Figure out how to get the Strat shadow on your charts. Anyone on this thread should be using Strat's shadow............ Respectfully Terry
dear terry,

Yea, sorry for that, i actually use strat's shadow on my Mt4, but it cant show me historycal data except the one can be displaid on my screen (i dont know why i have such problem, i can see the history on mobile mt4 tho). So, in order to study the bar that Strat mentioned (from 2008), i went to tradingview.

Regards
  • #842
  • Nov 18, 2017 8:21am Nov 18, 2017 8:21am
After taking 50% profit at 1.6915 and moving stop to BE, closed final position at 1.6878 before EOD Friday.
Attached Image (click to enlarge)
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  • #843
  • Nov 18, 2017 9:17am Nov 18, 2017 9:17am
Hello Strat
Can we have this?Looks interesting.
20 minute telephone conversation with a 40+ year stock, commodities and futures trader
  • #844
  • Nov 18, 2017 10:01am Nov 18, 2017 10:01am
Quoting strat
Volatility List {quote} Have you ever thought about reading the damn thread?
Thanks Strat, I'll take a look
  • #845
  • Nov 18, 2017 12:23pm Nov 18, 2017 12:23pm
Quoting Tanglewood
{quote} Thanks Strat, I'll take a look
You can find it on #Post 729.
  • #846
  • Edited 2:14pm Nov 18, 2017 1:39pm | Edited 2:14pm
Quoting Rub
NZD/USD: Big boss: Making lower lows over the past few months with strong down moves. Sitting just above some congestion, but should be room to trade> Boss: Closed solidly down, shadow is red, price closed below most recent support. Worker: Bearish engulfing candle, shadow is red. Close below most recent support. Safe stop at 0.6890, or a more daring one at 0.6940, if risk is appropriately managed. Sell targeting weekly support at 0.6670, and worth investigating other NZD pairs to see if they have better price action.
I was thinking the same thing. Here's some charts for it:

Big Boss: Short term downtrend

Attached Image (click to enlarge)
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Boss: May close below weekly support (solid blue line) and has the potential to create a new WCC if closes below dotted blue lines

Attached Image (click to enlarge)
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Worker: Nice looking downtrend with two lower highs, one lower low and potentially a new lower low.

Attached Image (click to enlarge)
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I'll put in a small demo sell order (as it's not a relatively volatile pair) below the low of the most recent weekly candle if the most recent weekly candle becomes the new WCC in anticipation of a breakdown.
  • #847
  • Nov 18, 2017 2:35pm Nov 18, 2017 2:35pm
Quoting saad007
{quote} You can find it on #Post 729.
Thanks Saad
  • #848
  • Nov 18, 2017 3:33pm Nov 18, 2017 3:33pm
AUDJPY

Quoting rina53547
{quote} Hello Strat been reading this thread for a while and still trying to catch up. wanna ask about the hammer u said at AUDJPY on March 5, 2007. Since u said "The hammer MUST be at the END of a DOWNTREND. It MUST have a long tail". i wonder why this one is called a hammer, i know (after it happened) that the trend do change but how i use it as the sign before it happens? because until now, if i see that kind of candle i would've thought that the bear still much in control. would u kindly explain please. thanks in advance.{image}
The HAMMER is on the Boss chart!
15 YEARS OF PASR ON FOREX FACTORY!
  • #849
  • Nov 18, 2017 3:35pm Nov 18, 2017 3:35pm
Quoting saad007
Hello Strat Can we have this?Looks interesting. 20 minute telephone conversation with a 40+ year stock, commodities and futures trader
As far as I know, that was on the private members' website and I never kept a copy
15 YEARS OF PASR ON FOREX FACTORY!
  • #850
  • Nov 18, 2017 3:56pm Nov 18, 2017 3:56pm
Quoting saad007
{quote} You can find it on #Post 729.
PLEASE do NOT help lazy people looking for SHORTCUTS
15 YEARS OF PASR ON FOREX FACTORY!
  • #851
  • Nov 18, 2017 5:58pm Nov 18, 2017 5:58pm
Strat I've been wondering about why volatility as per your list really matters, if you're risking a percentage rather than a $/pip? To me is you are risking 2% over 40 pip on say NZD/USD or 2% over 120 pips on GBP/NZD why does volatility matter? Sure it's more pips, but the risk is the same.
  • #852
  • Nov 18, 2017 8:26pm Nov 18, 2017 8:26pm
Top six pairs based on ATR(10).
All Big Boss are middle of the month.

GBPNZD
Big Boss - In 4th up month.
Boss - Closed below top of WCC (3rd week).
Worker - Close a near high of WCC. Large upper tail. Close in between daily support and what I have determined is a new resistance based off the Big Boss at its high.
Trade - Need to see if it can get above that new resistance.

GBPAUD
Big Boss - In 3rd up month.
Boss - Closed at daily resistance. Strong up week.
Worker - In a strong up above all the averages. Closed at daily resistance. Weekly resistance 130 pips away.
Trade - Looks to be a good candidate for a Buy Stop above the daily resistance of 1.7415 with an initial target @ weekly resistance 1.7607.

GBPCAD
Big Boss - Current month down.
Boss - Closed above weekly support. In middle of WCC (4th week).
Worker - Closed above weekly support in middle of WCC. Above all averages.
Trade - Daily resistance near top of WCC. Wait to see if it can clear those resistance areas.

EURNZD
Big Boss - In 2nd up month of a fairly decent up trend.
Boss - Strong week closed well above daily support.
Worker - In a decent up move after a bounce off the Strat Shadow (I think that's what that would be called??). Long upper tail.
Trade - Not sure?? If not for the long upper tail I would say jump right in. No resistance for about 350 pips. May be worth a long.

GBPJPY
Big Boss - Current month down and has dropped below all averages. Looking week.
Boss - Bottom 3rd of a WCC (7th week). Above daily support.
Worker - In between the averages. Bottom 3rd of WCC above daily support.
Trade - Looking week after an extended trading range. If it gets below the 72, daily support, and out of the WCC this is a definite sell.

GBPCHF
Big Boss - Current month down at top of extended trading range.
Boss - Closed above monthly support in middle of WCC (4th week). Attempted to break below both.
Worker - Middle of WCC. Above averages and monthly support. Weekly resistance at top of WCC.
Trade - Currently directionless. Needs to break out of the WCC one way or the other for consideration.
Mark ... Everything you have been told is a LIE
  • #853
  • Nov 19, 2017 8:50am Nov 19, 2017 8:50am
I'd like to post some charts if I may, to get some feedback if i'm on the right or wrong path. any comments welcome.
I've posted the pairs analysed by spzd in the previous post.

Gbp/Nzd
Friday had a 300 pip bar, huge compared to normal daily ATR. The wick alone is 150 pips, not far off normal ATR. We have a close outside of the WCC.
My question is, do we initiate a trade at the open, due to WCC being broken. Or do we place an order above the high, with the 10pip buffer?
Attached Image (click to enlarge)
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Gbp/Aud
Wcc decisively broken. Again a large wick on D, plus potential resistance at previous highs.
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Attached Image (click to enlarge)
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Gbp/Cad
Wcc candle still valid. no trade.
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Attached Image (click to enlarge)
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Eur/Nz
Strong break of WCC, but testing R. Await Pa.
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Thanks
  • #854
  • Nov 19, 2017 8:54am Nov 19, 2017 8:54am
Gbp/Yen
I don't see any real directional bias. WCC is still valid, so wait for resolution in either direction.
Attached Image (click to enlarge)
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Gbp/Chf
Similar to the other pairs, consolidating, no trade until a break.
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  • #855
  • Nov 19, 2017 9:41am Nov 19, 2017 9:41am
Volatility

Quoting Rub
Strat I've been wondering about why volatility as per your list really matters, if you're risking a percentage rather than a $/pip? To me is you are risking 2% over 40 pip on say NZD/USD or 2% over 120 pips on GBP/NZD why does volatility matter? Sure it's more pips, but the risk is the same.
You can't spend risk but you CAN spend pips!

If you don't understand wasting your margin on low pip generating pairs then you will NEVER reach financial independence. You MUST have your money (margin) working for YOU as EFFICIENTLY as possible
15 YEARS OF PASR ON FOREX FACTORY!
  • #856
  • Nov 19, 2017 2:24pm Nov 19, 2017 2:24pm
Quoting saad007
Some possible and taken trades of today. {image} {image} {image} {image} {image} {image} {image} {image}
your possible trades who potentialy will hit TP will overcome possible trades who hit SL?
  • #857
  • Nov 19, 2017 2:39pm Nov 19, 2017 2:39pm
Quoting Rub
NZD/USD: Big boss: Making lower lows over the past few months with strong down moves. Sitting just above some congestion, but should be room to trade> Boss: Closed solidly down, shadow is red, price closed below most recent support. Worker: Bearish engulfing candle, shadow is red. Close below most recent support. Safe stop at 0.6890, or a more daring one at 0.6940, if risk is appropriately managed. Sell targeting weekly support at 0.6670, and worth investigating other NZD pairs to see if they have better price action.
I dont know man I would find better opurtunity because bigg support price can go lower like go higher
  • #858
  • Nov 19, 2017 3:46pm Nov 19, 2017 3:46pm
my usdcad analisis,we hawe some room till monthly resistance.daily up, will take trade on 1h
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  • #859
  • Nov 19, 2017 4:03pm Nov 19, 2017 4:03pm
gbpusd looks good to buy
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  • #860
  • Nov 19, 2017 8:32pm Nov 19, 2017 8:32pm
Not sure why you have the volume on your charts.........Not really telling you anything
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