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Strat's PASR Long Term, Stress Free Trading

  • #1,181
  • Dec 6, 2017 10:33am Dec 6, 2017 10:33am
Strat Shadow

Quoting bistolis
{quote} hello I cut out the part on purpose. I am looking for exactly those candles that highlighted on an established trend , on the right edge of the chart as you say what I like most about your MAs is that they highlight the recent trend very nicely, and thats all I want to see on the left side of the chart
Oh dear, you have such a LONG WAY TO GO in UNDERSTANDING PASR

PASR does NOT trade moving averages - it uses the Strat Shadow in its methodology.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,182
  • Dec 6, 2017 11:41am Dec 6, 2017 11:41am
BASIC PASR

Quoting rina53547
{quote} Hi Strat, Not intended to anything but learn. But i did wonder when i first read ur post said about reversal trading is for losers while for my CURRENT (Still page 49 on old thread) knowledge i still think that basic PASR (trades from Support to Resistance and Resistance to Support) is reversal trading. May u or anyone else here help me to understand? Regards, Rina
This is an example of basic PASR on the Boss. There are 5 basic PASR trades with PRICE alternating from Support to Resistance and Resistance to Support. On the last swing, we SEE that PRICE CLOSED above resistance so we trade long to the next resistance.

Reversal traders would be trading every wiggle of PRICE within our one basic PASR trade.

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 72 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,183
  • Dec 6, 2017 11:44am Dec 6, 2017 11:44am
PASR Trend Trading:


1. USDCAD M5 +51.2pips.
2. EURUSD M5 +14.2pips.



Happy Trading,
Yomi.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADM5.png Size: 30 KB
Click to Enlarge Name: EURUSDM5.png Size: 34 KB
Time always comes before price
  • #1,184
  • Dec 6, 2017 12:03pm Dec 6, 2017 12:03pm
M5

Quoting fxrabbi
PASR Trend Trading: 1. USDCAD M5 +51.2pips. 2. EURUSD M5 +14.2pips. Happy Trading, Yomi. {image} {image}
You are doing good BUT take note of my comment to Saad007 on trading Corrective Waves
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,185
  • Dec 6, 2017 12:15pm Dec 6, 2017 12:15pm
Quoting strat
M5 {quote} You are doing good BUT take note of my comment to Saad007 on trading Corrective Waves
Noted, Thank you.
Time always comes before price
  • #1,186
  • Dec 6, 2017 12:18pm Dec 6, 2017 12:18pm
BASIC PASR

Quoting rina53547
{quote} Hi Strat, Not intended to anything but learn. But i did wonder when i first read ur post said about reversal trading is for losers while for my CURRENT (Still page 49 on old thread) knowledge i still think that basic PASR (trades from Support to Resistance and Resistance to Support) is reversal trading. May u or anyone else here help me to understand? Regards, Rina
This is another example of basic PASR trading but on the Worker. There are many more examples in my ORIGINAL thread dated FEBRUARY 27, 2009 https://www.forexfactory.com/showthread.php?t=155459

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 60 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,187
  • Dec 6, 2017 12:44pm Dec 6, 2017 12:44pm
COMPLETE PASR

Quoting rina53547
{quote} Hi Strat, Not intended to anything but learn. But i did wonder when i first read ur post said about reversal trading is for losers while for my CURRENT (Still page 49 on old thread) knowledge i still think that basic PASR (trades from Support to Resistance and Resistance to Support) is reversal trading. May u or anyone else here help me to understand? Regards, Rina
This is an example of COMPLETE PASR trading showing how we SEE PRICE ACTION and, CHANGE from basic PASR trading to PASR Trend Trading

From the beginning of June 2017 through August 2017, PRICE was stuck in a TRADING RANGE between Support at BRN 1.75 and Resistance at BRN 1.93.

We ALWAYS use basic PASR when PRICE is trapped in a TRADING RANGE.

Towards the end of August and, from our UNDERSTANDING of PASR, we SEE that PRICE is very bullish and, through the UNDERSTANDING of the Strat Shadow, switch to PASR Trend Trading

Again, there are many, many more examples in my ORIGINAL thread dated FEBRUARY 27, 2009 https://www.forexfactory.com/showthread.php?t=155459

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 50 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,188
  • Dec 6, 2017 1:37pm Dec 6, 2017 1:37pm
Quoting strat
M5 {quote} Be very, very careful of trading the CORRECTIVE WAVE after the trend - especially on high volatility pairs. While you have showed examples of profit on these, I can tell you that, overall, I have LOST on these, especially on M5. You are in danger of WALKING ON WATER! Remember, we are trading the pullbacks TO THE TREND and NOT the Corrective Waves AFTER the trend.
Thanks.Need to avoid corrective wave counter trades.I was avoiding this rule.

GBPNZD GBPCAD GBPJPY EURNZD EURJPY

At the trade time these pair's IMMEDIATE TREND was down.But it's a large correction of overall trend.If H1 agree with H4 big correction's how would be these trades on m5?
  • #1,189
  • Edited 2:12pm Dec 6, 2017 1:59pm | Edited 2:12pm
Quoting saad007
{quote} Thanks.Need to avoid corrective wave counter trades.I was avoiding this rule. GBPNZD GBPCAD GBPJPY EURNZD EURJPY At the trade time these pair's IMMEDIATE TREND was down.But it's a large correction of overall trend.If H1 agree with H4 big correction's how would be these trades on m5?
I get my head-up from Strat to trade M5 PASR Trend Trading, but your Charts was inspiration to my catching up.

This is the way I trade the M5 PASR Trend Trading:

1. H4 - for SR levels.
2. H1 - for SR levels.
3. M15 - for SR levels.

4. Primary Trend - M15.
5. Main Trend - M5.

Therefore, I then trade the M5 Chart in the direction of the primary trend(M15). My entry must be taken close/near the 20 EMA on the M5 Chart.


Happy Trading,
Yomi.
Time always comes before price
  • #1,190
  • Edited Dec 7, 2017 11:09am Dec 6, 2017 2:18pm | Edited Dec 7, 2017 11:09am
M5

Quoting saad007
{quote} Thanks.Need to avoid corrective wave counter trades.I was avoiding this rule. GBPNZD GBPCAD GBPJPY EURNZD EURJPY At the trade time these pair's IMMEDIATE TREND was down.But it's a large correction of overall trend.If H1 agree with H4 big correction's how would be these trades on m5?
While we trade M5 with PASR we have to do it faster and very efficiently. We don't have sufficient time at the Hard Right Edge (where PRICE is jumping UP and Down) to do a full 3 time frame analysis while we are scanning our M5 charts for potential trading opportunities. Having found a trading opportunity, we FIRST have to add our support and resistance lines from M15, H1 and H4. At this time, make a mental note of where PRICE is on each time frame RELATIVE to M5. At the same time, we are scanning other pairs and all this could happen while we are already in other M5 trades. To trade many M5 pairs at the same time is stressful and more difficult than trading the Worker so, after many hours of trial and error and frustrating losses, I decided to just trade the prevailing M5 trend and IGNORE any immediate change of trend. This changed my take home M5 profitability by greater than a factor of 10 while at the same time, reducing the stress.

Remember also that I do not trade London because of my time zone and instead look for New York to continue the trend set by London. If the trend does NOT continue in New York, it is a NO TRADE - NO QUESTIONS ASKED for me and I look for another pair. I also limit my time on M5 to a couple of hours so I close out trades sometimes leaving lots of pips on the table but I don't care. The important trait on M5 is to NOT BE GREEDY. When your GREED emotions kick in, you MAKE MISTAKES and end up LOSING.

As I have previously stated, I average about 375 pips per week JUST trading the pull backs to the prevailing M5 London/New York trend and at a standard lot per position, that is the same sort of money that professional doctors and lawyers make. This is only M5 and does not include trades on the Worker and Boss.

Finally, we are all individuals even though we are trading the same method and strategy and have to DEVELOP our own style in accordance with our comfort zone and circumstances so keep on doing what is WORKING FOR YOU even if you trade the Corrective Waves as long as you have PLANNED your trade. Any time you trade on a split second decision you are asking to LOSE. I just want to caution you that over the hundreds of traders I have mentored including those who are now consistently profitable and trade for a living, MOST of our LOSSES are from trading the Corrective Waves against the prevailing trend.

I get more satisfaction from seeing your success these days than I do with my own trading so keep on progressing and improving.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,191
  • Dec 6, 2017 2:21pm Dec 6, 2017 2:21pm
Quoting strat
Strat Shadow {quote} Oh dear, you have such a LONG WAY TO GO in UNDERSTANDING PASR PASR does NOT trade moving averages - it uses the Strat Shadow in its methodology.
I don't doubt, I am learning everyday
  • #1,192
  • Edited 5:33pm Dec 6, 2017 2:23pm | Edited 5:33pm
M5

Quoting fxrabbi
{quote} I get my head-up from Strat to trade M5 PASR Trend Trading, but your Charts was inspiration to my catching up. This is the way I trade the M5 PASR Trend Trading: 1. H4 - for SR levels. 2. H1 - for SR levels. 3. M15 - for SR levels. 4. Primary Trend - M15. 5. Main Trend - M5. Therefore, I then trade the M5 Chart in the direction of the primary trend(M15). My entry must be taken close/near the 20 EMA on the M5 Chart. Happy Trading, Yomi.
EXACTLY!

I missed this on my first read.....My entry must be taken close/near the 20 EMA on the M5 Chart.

Very well done! You, READ, LEARNED, UNDERSTOOD and APPLIED and made the profit(s) - Veni, Vidi, Vici

If only OTHERS would follow your example and READ, LEARN, UNDERSTAND and APPLY.

I enjoy seeing your trades as they too are giving me a lot of satisfaction. Please keep posting. Thank you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,193
  • Dec 6, 2017 2:27pm Dec 6, 2017 2:27pm
Quoting trogger
{quote} If first target is reached, I presume that you are looking for approx 82 on the second position? When considering whether to enter such a trade, I tend to look at the USD/JPY and the AUD/US charts to see if there is any clear signal on one or both that may give some clue(s) of the likelihood of success of this trade: {image} {image} Given the relative positions of these two pairs, I personally probably would not take the trade on AUD/JPY [though technically your analysis is good (imo)] Now that I have expressed some concerns, just watch...
Awesome, thanks for the advice on checking the USD/JPY and AUD/USD pairs. And yes, 82 would be great for an exit. Haha, we'll see what happens. I'll have to spend some time looking at those 3 pairs to see how they correlate.
  • #1,194
  • Dec 6, 2017 2:36pm Dec 6, 2017 2:36pm
Quoting strat
PASR {quote} According to your Profile, you are in The Netherlands so you should be trading the London time zone which is the same as Saad007 is trading so STUDY his charts and entries. I can't comment on your entry because it is NOT the strategy I use for M5 PASR TREND trading. Do you know what my M5 strategy is?
Sorry Strat, having just read your latest post to Saad007, although i didn't have a name for it, i've been spotting the Corrective wave trade. I just noticed that often the big boys come in at 7, move the market around, then do an abrupt about turn. I noticed that when price had crossed the shadow, and the polarity had changed, then if a pa signal followed, it would usually be good.
I will avoid this type of trade for the time being, as you said that trading corrective waves has resulted in a lot of losses for your previous students.

Yes, i think i'm getting to grips with your 5m strategy. Not sure if we can post commodity charts, but i've attached a Platinum chart.
I've been watching it this week, it's been trending like this all week. I've highlighted what i would consider decent entries. All entries back into the prevailing trend, basic pa,at the shadow.

Attached Image (click to enlarge)
Click to Enlarge Name: platinum-m5.png Size: 46 KB
  • #1,195
  • Dec 6, 2017 2:56pm Dec 6, 2017 2:56pm
Great example Strat,

A picture is worth at least a thousand words.

The great thing about PASR as you have said many times is that it applies on all time frames.

Regards
Terry
  • #1,196
  • Dec 6, 2017 3:39pm Dec 6, 2017 3:39pm
Quoting fxrabbi
{quote} I get my head-up from Strat to trade M5 PASR Trend Trading, but your Charts was inspiration to my catching up. This is the way I trade the M5 PASR Trend Trading: 1. H4 - for SR levels. 2. H1 - for SR levels. 3. M15 - for SR levels. 4. Primary Trend - M15. 5. Main Trend - M5. Therefore, I then trade the M5 Chart in the direction of the primary trend(M15). My entry must be taken close/near the 20 EMA on the M5 Chart. Happy Trading, Yomi.
guys how you handle with spread on 5 min,it eats so much profit
  • #1,197
  • Edited 5:36pm Dec 6, 2017 4:50pm | Edited 5:36pm
M5 Spread

Quoting ficibald
{quote} guys how you handle with spread on 5 min,it eats so much profit
Hmmm...................""spread on M5 eating so much profit let's see.............""

My EURNZD
Profit 46 pips
Spread 1.6 pips
Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 56 KB


Yomi's USDCAD
Profit 51.2 pips
Spread 2.5 pips
Attached Image


Yomi's EURUSD
Profit 14.2 pips
Spread 1.9 pips
Attached Image


I don't really know. How should we handle it? - smile, jump for joy or buy a big fat steak with a gallon of red wine?
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,198
  • Dec 6, 2017 5:07pm Dec 6, 2017 5:07pm
Quoting brody55
{quote} Sorry Strat, having just read your latest post to Saad007, although i didn't have a name for it, i've been spotting the Corrective wave trade. I just noticed that often the big boys come in at 7, move the market around, then do an abrupt about turn. I noticed that when price had crossed the shadow, and the polarity had changed, then if a pa signal followed, it would usually be good. I will avoid this type of trade for the time being, as you said that trading corrective waves has resulted in a lot of losses for your previous students. Yes,...
You are getting into too much irrelevant detail and will eventually end up with paralysis of analysis. Just PLAN the trade and trade the PLAN. There will either be a trend with pull backs or there won't - its that SIMPLE and that's all you need to know along with PASR - it is SIMPLE (but not easy at the hard right edge until you know what you're doing)

OK to post any freely traded financial instrument but don't forget the name of the Forum we are on.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,199
  • Edited 9:11pm Dec 6, 2017 8:58pm | Edited 9:11pm
Quoting Yoki
{quote} Awesome, thanks for the advice on checking the USD/JPY and AUD/USD pairs. And yes, 82 would be great for an exit. Haha, we'll see what happens. I'll have to spend some time looking at those 3 pairs to see how they correlate.

Oh, And one more thing - I also recommend checking the FF calendar before entry to see what announcements are lurking:

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYproM15.png Size: 32 KB




That 15minute Funny-Mental candle 1 gave approx 70 pips (meaning it makes up the majority of yesterday's 24 hour bear move):

1:30pmAUD GDP q/q 0.6%0.7%0.9%

That 15minute Funny-Mental candle 2 gave approx 25 pips.

1:30pmAUD Trade Balance 0.11B1.37B1.60B

In this case, both have gone in your favour. Perhaps we should nickname you "The Funny-Mentalist" on this thread.
I don't trade "Funny-Mentals" BUT I do (try to remember) to pay attention to them if I am in a trade.
  • #1,200
  • Dec 7, 2017 3:44am Dec 7, 2017 3:44am
Quoting fxrabbi
{quote} I get my head-up from Strat to trade M5 PASR Trend Trading, but your Charts was inspiration to my catching up. This is the way I trade the M5 PASR Trend Trading: 1. H4 - for SR levels. 2. H1 - for SR levels. 3. M15 - for SR levels. 4. Primary Trend - M15. 5. Main Trend - M5. Therefore, I then trade the M5 Chart in the direction of the primary trend(M15). My entry must be taken close/near the 20 EMA on the M5 Chart. Happy Trading, Yomi.
Thanks.

That's exactly I do but take primary trend from H4/H1.
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