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Strat's PASR Long Term, Stress Free Trading

  • #1,621
  • Jan 9, 2018 1:40pm Jan 9, 2018 1:40pm
PASR

Quoting TerryDawe
Depth Gauge
The other one, Terry!
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,622
  • Jan 9, 2018 2:13pm Jan 9, 2018 2:13pm
Periscope, I always get the two names mixed up even though I know what each means.
  • #1,623
  • Jan 9, 2018 2:22pm Jan 9, 2018 2:22pm
A good example of significance of the periscope.
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  • #1,624
  • Jan 9, 2018 2:24pm Jan 9, 2018 2:24pm
Quoting TerryDawe
A good example of significance of the periscope. {image}
thanks
  • #1,625
  • Jan 9, 2018 2:59pm Jan 9, 2018 2:59pm
PASR PERISCOPE

Quoting TerryDawe
A good example of significance of the periscope. {image}
This is the major significance of the periscope

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15 YEARS OF PASR ON FOREX FACTORY!
  • #1,626
  • Jan 9, 2018 4:06pm Jan 9, 2018 4:06pm
Quite right.

Regards
Terry
  • #1,627
  • Jan 9, 2018 10:18pm Jan 9, 2018 10:18pm
Quoting strat
PASR {quote} PASR has a name for this type of candle identified in the black box. I wonder if there are still some out there who know what it is? {image}
Bearish outside bar (BEOB).
  • #1,628
  • Jan 10, 2018 12:45am Jan 10, 2018 12:45am
First off, thank you strat from taking me off ignore. I figure it's your house so to speak so I'll try to not make a stupid mistake like that again.
Anyway, I've been making my way though the old thread a few pages at a time and I'm now up to 135. Long way to go yet.

Here's my crack at Eur/NZD, seeing I think it's at about the most interesting location at the moment.

Big boss, although down over the month, price is approaching 1.6580 previous resistance, and yet to violate my trendline drawn from 19th-Feb-2017.
Boss:Llast six week have been down, but price is in an uptrend since Feb-2017, with the current candle not having closed below the 20ema or the trendline. Trendline was drawn from weekly.
Worker: Price has made a lower high, and lower low. Moving averages are on the verge of crossing, and price is below both. However it is approaching previous resistance (possible support), and a rising trendline. Previous day was a rather sad hammer verging on a doji. Although the location is nice I want better price action before I'd buy this.
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  • #1,629
  • Jan 10, 2018 2:59am Jan 10, 2018 2:59am
Hello

I wasn't awake for the following. So it is pretty much hindsight analysis. Top down H4 - H1 - M15 and M5

H4
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H1
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M15
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M5
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Possible entries and S/R levels are highlighted

feedback is appreciated
  • #1,630
  • Jan 10, 2018 6:21am Jan 10, 2018 6:21am
Hi - just got stopped out from this trade. The higher TFs are in a downtrend and I entered the 5min just as price closed below the SS. Was this an ok trade that just turned out a loser or was there something else. (SL as at resistance / TP at next support)
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  • #1,631
  • Jan 10, 2018 6:36am Jan 10, 2018 6:36am
H1 PASR Trend Trading:


Fully back after the long Holidays:

A chart is worth more than a thousand words.......




Happy trading,
Yomi.
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Time always comes before price
  • #1,632
  • Jan 10, 2018 6:55am Jan 10, 2018 6:55am
Quoting Forex_Fox
Hi - just got stopped out from this trade. The higher TFs are in a downtrend and I entered the 5min just as price closed below the SS. Was this an ok trade that just turned out a loser or was there something else. (SL as at resistance / TP at next support) {image}
personally I wouldnt go short after the long wicks on H1
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Maybe a short signal will pop up soon
  • #1,633
  • Edited 9:05am Jan 10, 2018 8:48am | Edited 9:05am
Quoting strat
PASR PERISCOPE {quote} This is the major significance of the periscope {image}
So we interpret a periscope as testing the resistance and wait for a second test before assuming the resistance is strong enough to drive price back down?

btw, took this trade before going out for a run.
point of entry is smack in the middle of WCC s/r lines(yellow one support, resistance not visible but further up), but I set s/l initially to just above the wick of the marked candle, moved to the previous swing low when I got back from running just now.
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Also took this one before putting on my running shoes: opened just below the bullish SS and set t/p limit to the previous swing low (green line) for a very conservative 22 pts profit.
I know it's not gonna pay Strat's mortgage.
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But I'm quite happy with the idea of making profit while doing other things I love.
  • #1,634
  • Jan 10, 2018 10:27am Jan 10, 2018 10:27am
EURNZD

Quoting Rub
First off, thank you strat from taking me off ignore. I figure it's your house so to speak so I'll try to not make a stupid mistake like that again. Anyway, I've been making my way though the old thread a few pages at a time and I'm now up to 135. Long way to go yet. Here's my crack at Eur/NZD, seeing I think it's at about the most interesting location at the moment. Big boss, although down over the month, price is approaching 1.6580 previous resistance, and yet to violate my trendline drawn from 19th-Feb-2017. Boss:Llast six week have been down,...
Although the location is nice I want better price action before I'd buy this

You need to WAIT for PRICE to stop going down BEFORE thinking of buying.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,635
  • Jan 10, 2018 10:32am Jan 10, 2018 10:32am
GBPNZD M5

Quoting Forex_Fox
Hi - just got stopped out from this trade. The higher TFs are in a downtrend and I entered the 5min just as price closed below the SS. Was this an ok trade that just turned out a loser or was there something else. (SL as at resistance / TP at next support) {image}
just got stopped out from this trade.

What else do you expect when you can't READ PRICE ACTION?

If you don't know what the blue rectangle is telling you then go back to READING and UNDERSTANDING The Path.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #1,636
  • Jan 10, 2018 10:34am Jan 10, 2018 10:34am
USDJPY H1

Quoting fxrabbi
H1 PASR Trend Trading: Fully back after the long Holidays: A chart is worth more than a thousand words....... Happy trading, Yomi. {image}
Good to see you back, Yomi
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,637
  • Jan 10, 2018 10:37am Jan 10, 2018 10:37am
GBPNZD M5

Quoting bistolis
{quote} personally I wouldnt go short after the long wicks on H1 {image} Maybe a short signal will pop up soon
Exactly - well done!
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,638
  • Jan 10, 2018 11:42am Jan 10, 2018 11:42am
Strat,

I know the periscopes and depth gauges provide a strong area of S/R at their extreme low/high as you point out.

Maybe not as significant but would you consider the opposite end of these bars of importance for S/R levels as well?
  • #1,639
  • Jan 10, 2018 12:48pm Jan 10, 2018 12:48pm
Hi Strat,

Just login to say Hi and Welcome back. I finally find my comfortable way to trade now after so many years trying. The way I am trading now is starting with small perfect of my account and as price continues I will add more positions and no profit targets, I will let price takes me out with profit or loss. After trading this way, I started to understand what Dr. Joe was talking about. Trading is this way taking away two major pressures traders have, risking too much and finding targets.
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  • #1,640
  • Jan 10, 2018 1:31pm Jan 10, 2018 1:31pm
Quoting HappyTrend
{quote} Recently Open Daily Trade? i dont know if that is the word... sometimes i open my trade in 5 minutes... and if appear my entry signal in higher timeframe i just leave it and change TF to higher timeframe and start managing it on higher timeframe. Im reading about the Psychology and i think my mind doesnt fit with trading only Daily Charts.. i just tried in Forex Pairs and i dont get it.. i dont know why... so stay with my intraday trading of dowjones.. and only USDMXN for long term... I cant trade more pairs because my mind just freeze.....

Continuation:

Im not an Expert and in fact im new about PSAR. But.... Thanks to PSAR i can see now Buyers and Sellers in Action and trade Intraday to Long Term at the same time. Of Course.. all my trades are buys until i see some sellers in Ranging or Downtrend. But in Ranging i prefer trade from Support to Resistance because we are in Uptrend... what? WHAT? What a logic thing haha Buy from Support to Resistance.

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I dont know why i cant do this with other currency....
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