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Strat's PASR Long Term, Stress Free Trading

  • #1,321
  • Dec 13, 2017 6:50am Dec 13, 2017 6:50am
STRAT'S THREAD: The stuff of Legends!

Look, they're quoting you all over FF threads now:

"We all know that Strat's thread is the latest of many threads that you surf around to try and cobble together a system...."

and

"Weekly Control Candle WCC is original strat's The PATH.
see strat's post #276 in his new thread."


Now that's a good thing. Long may it continue!


More importantly: I'm famous too - they have named a beer in my honour!!!

Attached Image


(hic)
  • #1,322
  • Dec 13, 2017 6:59am Dec 13, 2017 6:59am
USD/JPY

One I'm watching:

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYproMonthly.2.png Size: 43 KB


(I don't trade Fibs, but occasionally put them on as I know others do trades them, so often see reaction around the fib levels.)
  • #1,323
  • Edited 8:06am Dec 13, 2017 7:27am | Edited 8:06am
Quoting strat
STRAT VOLATILITY Here is MY ranking of VOLATILITY based on Daily ATR 10 {image} {image}
Anybody have a look, at or trade Usd / Zar? makes everything else look tame and very low margin.
I have traded it predominantly for last couple of years, but since applying the principles, as I understand them as contained in this thread, I hope to make it more profitable. Thank you Strat.
PS I am more of a BC Rich and Marshall valve state kind of guy
  • #1,324
  • Edited 4:07pm Dec 13, 2017 9:36am | Edited 4:07pm
PASR

Quoting macuba
{quote} Hi BeyondTheSea, could you possibly share and upload your tempate you are using or at least show me whre you could i get it. I realy like the type and form of information you get on your top right of your charts thanks in advance
NO! That information is superfluous and is NOT helping BeyondTheSea in any way whatsoever. All that information can be got by USING YOUR TRADING BRAIN. The more you are SPOON FED information, the LESS your trading brain works AND, the LESS your trading brain works, the LESS profitable you become.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,325
  • Dec 13, 2017 9:40am Dec 13, 2017 9:40am
PASR

Quoting catalin_eros
{quote} Thank you for the reply, Strat! You might have noticed I am using only naked charts, so the shadow is not a factor in my trading decisions. But I still read about it and look at it on other people charts. Anyhow, this post is somewhat confusing, because although it was a great PASR trade (IB breakout, TL break, MN and W1 support area), wouldn't the shadow be against a long? In fact, I did enter a buy, but before the candle you marked. My entry was the bullish...
wouldn't the shadow be against a long?

Yes, if you are looking at that chart in isolation but NO, if you UNDERSTAND PASR, the Weekly Control Candle and the Power of Time Frames which helps us SEE BEYOND THE CANDLES
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,326
  • Dec 13, 2017 9:47am Dec 13, 2017 9:47am
USDZAR

Quoting pippoacher
{quote} Anybody have a look, at or trade Usd / Zar? makes everything else look tame and very low margin. I have traded it predominantly for last couple of years, but since applying the principles, as I understand them as contained in this thread, I hope to make it more profitable. Thank you Strat. PS I am more of a BC Rich and Marshall valve state kind of guy
My broker does not offer USDZAR which is why I have never looked at it.

Be careful with volatility - it is a double edged sword!
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,327
  • Dec 13, 2017 9:54am Dec 13, 2017 9:54am
Quoting trogger
STRAT'S THREAD: The stuff of Legends! Look, they're quoting you all over FF threads now: "We all know that Strat's thread is the latest of many threads that you surf around to try and cobble together a system...." and "Weekly Control Candle WCC is original strat's The PATH. see strat's post #276 in his new thread." Now that's a good thing. Long may it continue! More importantly: I'm famous too - they have named a beer in my honour!!! {image} (hic)
But "Fame" doesn't pay the bills or stuff for expensive "Trouble and Strifes", Wild Thing - only consistent profits do that (but I know YOU know that already!)
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,328
  • Dec 13, 2017 1:46pm Dec 13, 2017 1:46pm
Hi Strat, I have a question, when you take a trade on the M5, you base only on the PASR or you look also at the Big Boss, boss and worker?
Thank you for your answer
  • #1,329
  • Dec 13, 2017 2:00pm Dec 13, 2017 2:00pm
Quoting strat
USDZAR {quote} My broker does not offer USDZAR which is why I have never looked at it. Be careful with volatility - it is a double edged sword!
Couldnt agree more. But it trends quite nicely and for long periods. Gapping is a problem especialy when ZAR weakens as a result of the latest political drama.
Worth a look for those who want 1000 pip moves in a day (kid you not) all the best
  • #1,330
  • Dec 13, 2017 4:04pm Dec 13, 2017 4:04pm
PASR

Quoting Pixlab
Hi Strat, I have a question, when you take a trade on the M5, you base only on the PASR or you look also at the Big Boss, boss and worker? Thank you for your answer
Hi Pixlab, I have an answer - READ THE THREAD - this has already been answered a couple of times!!!!!!!!!!!

you base only on the PASR or you look also at the Big Boss, boss and worker?

It seems you CAN read but cannot UNDERSTAND - PASR and looking at the Big Boss, Boss and Worker is ONE AND THE SAME THING!!!!!!!!!!
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,331
  • Dec 13, 2017 4:25pm Dec 13, 2017 4:25pm
Quoting longtrader
{quote} pls share template file

Quoting saad007
{quote} Everything had been shared on forum with settings. Please see the paper clip.
Don't waste your time with him, he only wants to add it to his collection. Even if he had it, he wouldn't have a clue what to do with it.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,332
  • Edited Dec 14, 2017 9:29am Dec 13, 2017 8:37pm | Edited Dec 14, 2017 9:29am
Hello everyone,

I'd like to reflect on a losing trade I made a little over a week ago. This is post #1,161. I've read up to about page 160 on the old thread and feel like I'm learning more every time I read it. My goal in posting this is to not just help myself, but to help others as well. So hopefully my analysis is accurate. If not, please let me know.

Here is the current Big Boss chart:
Within the last year, it's made a HL, a HH, and potentially a new HL.

Attached Image (click to enlarge)
Click to Enlarge Name: Month 20171213.PNG Size: 121 KB


Here is the current Boss chart:
With the trend line added, we can see that the long term momentum is up.

Attached Image (click to enlarge)
Click to Enlarge Name: Week 20171213.PNG Size: 115 KB


Now, down to the current worker chart:

At the time of the trade (the SS on the 12/6), the worker had been making LLs and LHs. It was only until 12/7 and 12/8 that the worker made a HL and is now in the process of making a HH.

Attached Image (click to enlarge)
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Summary: Big Boss - uptrend, Boss - uptrend, Worker - downtrend. At the time of the trade, the worker was not in agreement with the Big Boss or Boss. So this was a poor trade.

For this pair specifically, I think a good trading (long) opportunity would be if PA presents itself at the S/R line I have drawn at the 86 level.
  • #1,333
  • Dec 13, 2017 9:11pm Dec 13, 2017 9:11pm
Quoting trogger
USD/JPY One I'm watching: {image} (I don't trade Fibs, but occasionally put them on as I know others do trades them, so often see reaction around the fib levels.)

Well. in actually.

Decided to place two small shorts yesterday, a few min after posting:

15 min chart entry (Sorry Strat - I just can't do 5 min,no matter how hard I try!).

A few pips lower than ideal as price moved while I was posting:

Attached Image (click to enlarge)
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(the tp is for the sell limit order placed a little higher than my actual entries. The sell limit has not been triggered.)

4 hour update today:

Attached Image (click to enlarge)
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Gawd - it hot in Kiwiland. I sure could use one of my beers!
Attached Image
  • #1,334
  • Dec 13, 2017 10:09pm Dec 13, 2017 10:09pm
USD/ZAR

I thought maybe some of our friends would want to see a chart. attached is daily and a weekly.
This happened on new years day 2015. Soon to be ex president Zuma replaced the finance minister with a crony whose corruption is only matched by his inability.
The weekly candle had a high of 17.03958 and a low of 16,81899 thats quite a whack in the volatility spectrum.
The blue line is 20 ema and magenta is 100 ema. The trade levels you can see is a small trade, active trade entered yesterday with o.4 lots and sl is $400 tp ( at first support) is $1376. Just to give you an idea of the volatility and daily range. Should hit at London close.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ZAR Daily.png Size: 36 KB
Click to Enlarge Name: Zar Weekly.png Size: 46 KB
  • #1,335
  • Dec 14, 2017 5:22am Dec 14, 2017 5:22am
[quote=Yoki;10589370]Hello everyone, I'd like to reflect on a losing trade I made a little over a week ago. This is post #1,161.

Hi Yoki here are my observations, but bear in mind i am at the start of the Path, and may be completely wrong, hopefully the more experienced traders will be along...
I don't see the WCC on your chart? Remember, we are trying to trade the immediate trend..within the context of the primary trend.
The wcc gives us a heads up, we may see some chop, before the trend resumes at some point.
I had the same S level below on the worker, but also the bottom of the wcc. Price came down, and then stopped at a place we could anticipate trouble.
Price then printed an ugly hammer, and began moving upwards. Maybe the more experienced traders would have seen the next bar, taken that as a confirmed swing, and bought 10pips above the high, in which case, the trade would be up about 100 pips at the moment.

Attached Image (click to enlarge)
Click to Enlarge Name: audjpy-w1.png Size: 39 KB


Attached Image (click to enlarge)
Click to Enlarge Name: audjpy-d1.png Size: 46 KB
  • #1,336
  • Dec 14, 2017 7:37am Dec 14, 2017 7:37am
Quoting Yoki
Hello everyone, I'd like to reflect on a losing trade I made a little over a week ago. This is post #1,161. I've read up to about page 160 on the old thread and feel like I'm learning more every time I read it. My goal in posting this is not only to help myself, but to help other traders not make the same mistake as well....So hopefully my analysis is accurate. If not, please let me know. Here is the current Big Boss chart: Within the last year, it's made a HL, a HH, and potentially a new HL. {image} Here is the current Boss chart: With the trend...
Hi Yoki,

All in all, it looks a bit confused to me. Firstly, 200 ema's are relatively flat on daily, weekly & monthly charts with price testing from below on the weekly but from above on the monthly. And the 20 is above the 50 on the weekly but below the 50 on the monthly. In addition, we're right in the middle of 2 monthly levels. There was also daily support at around the 1R level.
Attached Image (click to enlarge)
Click to Enlarge Name: 14 Dec 2017 - AUDJPY D, W, M.PNG Size: 315 KB
  • #1,337
  • Edited 9:49am Dec 14, 2017 9:10am | Edited 9:49am
Quoting brody55
Hi Yoki here are my observations, but bear in mind i am at the start of the Path, and may be completely wrong, hopefully the more experienced traders will be along... I don't see the WCC on your chart? Remember, we are trying to trade the immediate trend..within the context of the primary trend. The wcc gives us a heads up, we may see some chop, before the trend resumes at some point. I had the same S level below on the worker, but also the bottom of the wcc. Price came down, and then stopped at a place we could anticipate trouble. Price then printed an ugly hammer, and began moving upwards. Maybe the more experienced traders would have seen the next bar, taken that as a confirmed swing, and bought 10pips above the high, in which case, the trade would be up about 100 pips at the moment. {image} {image}
Awesome, thanks for the feedback. I'm also at the start of the path as well so this helps. Strat mentioned that he thinks I'm trying to move too quickly and I think he's right. I'm trying to take a step back and apply what I've read in the pdf and what I've read in the old thread so far which is why I didn't include the WCC. I'm thinking I might skip ahead to the part of the thread where it's first taught and really try to understand it since it seems to be of equal importance with everything else. I also liked the confirmed swing part of your analysis. Something I'll need to think about

Quoting JackAntigua
{quote} All in all, it looks a bit confused to me. Firstly, 200 ema's are relatively flat on daily, weekly & monthly charts with price testing from below on the weekly but from above on the monthly. And the 20 is above the 50 on the weekly but below the 50 on the monthly. In addition, we're right in the middle of 2 monthly levels. There was also daily support at around the 1R level.
Thank you for the feedback as well. I never thought about adding/using the 200 ema. I haven't come across this in the old thread or in the pdf, but is something I'll consider using in my analysis. I believe Strat's been using the 72 ema, not the 50. However, your analysis still applies in that the 20 > 72 on weekly but not the monthly. Something else to consider and think about

Thanks again for this
  • #1,338
  • Dec 14, 2017 9:56am Dec 14, 2017 9:56am
USDZAR

Quoting pippoacher
USD/ZAR I thought maybe some of our friends would want to see a chart. attached is daily and a weekly. This happened on new years day 2015. Soon to be ex president Zuma replaced the finance minister with a crony whose corruption is only matched by his inability. The weekly candle had a high of 17.03958 and a low of 16,81899 thats quite a whack in the volatility spectrum. The blue line is 20 ema and magenta is 100 ema. The trade levels you can see is a small trade, active trade entered yesterday with o.4 lots and sl is $400 tp ( at first support)...
It is good to specialise in your ""home"" currency as being there you can pick up and "feel" the vibe from the funnymentals (for what they're worth)

Since I can't do a thorough analysis as I don't have this pair, I can only comment on what I SEE from your charts (which are very dark and miserable - are the lights always out in South Africa?)

The first thing I notice is that you do not have any SUPPORT or RESISTANCE levels on your chart so that tells me you are trading BLIND and probably without a PLAN.

So, looking at the Boss and Worker a couple of times, I SEE that the Worker is in Corrective Wave 4 which is CONFIRMED by the sideways action of the Boss which is trapped inside a Weekly Control Candle. This tells us to use Basic PASR for trading. Your sell entry tells me that you don't UNDERSTAND Basic PASR

You should put fibonacci on your Worker chart and go back in history to SEE if PRICE on this pair respects fibonacci, and, if it does, identify which levels and then project them onto the current PRICE chart.

Since you are not trading PASR, what is your purpose on posting this pair here?
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,339
  • Dec 14, 2017 10:04am Dec 14, 2017 10:04am
AUDJPY

Quoting JackAntigua
{quote} Hi Yoki, All in all, it looks a bit confused to me. Firstly, 200 ema's are relatively flat on daily, weekly & monthly charts with price testing from below on the weekly but from above on the monthly. And the 20 is above the 50 on the weekly but below the 50 on the monthly. In addition, we're right in the middle of 2 monthly levels. There was also daily support at around the 1R level. {image}
Thank you for commenting - Traders helping Traders is my Mission from Page 1 and day 1 (February 27, 2009)

Your first sentence says it ALL about this pair ""All in all, it looks a bit confused to me"" If it doesn't look RIGHT then it isn't right is what I posted many times on the ""old"" thread.

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 15 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,340
  • Dec 14, 2017 10:17am Dec 14, 2017 10:17am
AUDJPY

Quoting brody55
Quoting Yoki
Hello everyone, I'd like to reflect on a losing trade I made a little over a week ago. This is post #1,161. Hi Yoki here are my observations, but bear in mind i am at the start of the Path, and may be completely wrong, hopefully the more experienced traders will be along... I don't see the WCC on your chart? Remember, we are trying to trade the immediate trend..within the context of the primary trend. The wcc gives us a heads up, we may see some chop, before the trend resumes at some point. I had the same S level below on the
...
Hi Yoki here are my observations, but bear in mind i am at the start of the Path, and may be completely wrong, hopefully the more experienced traders will be along... I don't see the WCC on your chart? Remember, we are trying to trade the immediate trend..within the context of the primary trend. The wcc gives us a heads up, we may see some chop, before the trend resumes at some point. I had the same S level below on the worker, but also the bottom of the wcc. Price came down, and then stopped at a place we could anticipate trouble. Price then printed an ugly hammer, and began moving upwards. Maybe the more experienced traders would have seen the next bar, taken that as a confirmed swing, and bought 10pips above the high, in which case, the trade would be up about 100 pips at the moment.

Well done, Brody, thank you for your comments - Traders helping Traders!

You may not know it, but the benefit you get from analysing others' trades will help you enormously on The Path.

Your comments are all valid and brody may not have identified the Weekly Control Candle on this chart because I gave him a bollocking earlier in the thread for JUST focusing on it.

Price came down, and then stopped at a place we could anticipate trouble. Well done, this is very good!

Price then printed an ugly hammer. A doji AT SUPPORT on my data.

Maybe the more experienced traders would have seen the next bar, taken that as a confirmed swing, and bought 10pips above the high, in which case, the trade would be up about 100 pips at the moment. Wild Thing (trogger) probably did - this is his "style" but not mine
15 YEARS OF PASR ON FOREX FACTORY!
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