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Strat's PASR Long Term, Stress Free Trading

  • #1,841
  • Jan 29, 2018 12:27pm Jan 29, 2018 12:27pm
USDMXN

Quoting Svolacius
Hello Strat, I've been reading and re-reading your posts, trying to apply your methods of trading. It really helped me to build some confidence and stick to my plan instead of jumping the gun and being fearful of missing a trade. Last past 3 weeks have been wonderful, I took less trades and tried to pick the best ones that market gave us. Right now while majors are in profit-taking phase I noticed USDMXN chart and wanted to see if I look at the pair correctly. Last Big Boss bar was very bullish and went through several resistance levels while finally...
Big Boys are looking to take PRICE higher

Boss - From Elliott Wave theory, PRICE has completed corrective wave 4 but is struggling to make higher highs and higher lows which could foretell that maybe corrective wave 4 is not complete and there could be another leg down before wave 5 resumes. If wave 5 resumes from where wave 4 is shown, the first EW target is 23.67. The Strat Shadow is still sideways in range/consolidation mode confirming wave 4.

PASR does not follow Elliott Wave theory BUT does USE it for confirmation/confluence for Market Structure.

Worker - PRICE needs to complete the current swing down before thinking of buying and then only after the Big Boys have started buying

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15 YEARS OF PASR ON FOREX FACTORY!
  • #1,842
  • Jan 30, 2018 2:33am Jan 30, 2018 2:33am
Good morning,

here is my view on EURJPY.

BB: bullish, buyers are in control
B: also bullish , Strat Shadow green, nice uptrend (slope not too steep), weekly could break support of WCC this week. Price also close to the lower trendline.
W: buyers als still in control. Price is still in the trend channel, but week in the last few days. Price also close to 63 EMA , support and trendline (confluence). So will would wait what price is doing and if there is a possibility to enter long-position.
Wouldn‘t do a countertrend trade as all above mentioned still looks that buyers have control.

Another remark from my point of view. Sometimes I really struggle with the fact that the price has reached new highs. I mean I know Dr. Joe („it goes up until it goes down“), but from the psychological point I sometimes have to fight with myself to overcome that fact and even buy at highs (or sell at lows). I guess most of you know what I mean!

BB:
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B:
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W:
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Thanks!
  • #1,843
  • Jan 30, 2018 9:46am Jan 30, 2018 9:46am
EURJPY

Quoting Malu
Good morning, here is my view on EURJPY. BB: bullish, buyers are in control B: also bullish , Strat Shadow green, nice uptrend (slope not too steep), weekly could break support of WCC this week. Price also close to the lower trendline. W: buyers als still in control. Price is still in the trend channel, but week in the last few days. Price also close to 63 EMA , support and trendline (confluence). So will would wait what price is doing and if there is a possibility to enter long-position. Wouldn‘t do a countertrend trade as all above mentioned still...
Big Boss - look at the candles - SEE how they are getting SMALLER as they near resistance. This tells us that there is less buying causing momentum to slow down. January will close with a doji telling us that this is either a PAUSE in buying or buyers taking profits. Big Boys are in INDECISION.
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Boss - Profit taking is causing PRICE to go sideways at resistance confirmed by 4 weeks trapped inside the Weekly Control Candle
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Worker - PRICE has put in a double top and confirms sideways/ranging/consolidation action.
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Dropping down to H4 and H1 we SEE lots of candles with long wicks and long tails telling us of INDECISION and erratic trading behaviour on this pair.

We need to WAIT to SEE what the Big Boys are going to do BEFORE we make further trades on this pair.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,844
  • Jan 30, 2018 10:02am Jan 30, 2018 10:02am
Thanks Strat for your comments and analysis on this pair.
Sharing my analysis here and getting feedback is the best way to make some progress. So appreciate your help.
  • #1,845
  • Jan 30, 2018 10:03am Jan 30, 2018 10:03am
Thanks very much for your excellent insight Strat.

Regards
Terry
  • #1,846
  • Jan 30, 2018 11:01am Jan 30, 2018 11:01am
PASR

This is why we don't trade against the trend

This is why we don't use any form of automatic trading

This is what you get when you put the above together.

This is WHY we have RULE # 1

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15 YEARS OF PASR ON FOREX FACTORY!
  • #1,847
  • Jan 30, 2018 12:26pm Jan 30, 2018 12:26pm
Hi,

My first try with strat method result with 70 pips on plus. I still don't understand how to put the resistance and supports levels properly so temporary i supported myself with indicator.

I did not find in the pdf too much information about price action. I understand if we have Outside bar or engulfing bar it is the signal for us to take the action? What is the difference between them, because for me outside and engulfing bar are looking the same.

BB

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B

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W

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  • #1,848
  • Jan 30, 2018 12:51pm Jan 30, 2018 12:51pm
Quoting kinley
.I understand if we have Outside bar or engulfing bar it is the signal for us to take the action? What is the difference between them, because for me outside and engulfing bar are looking the same. BB {image} B {image} W {image}
Welcome. Did you read the other thread? Because in that one there is a great pdf (page 1) which gives a good overview regarding the basics.
I would also recommend to start reading the other thread, too. It is a lot of reading but it is worth. By reading and reading, things should be clearer.
  • #1,849
  • Jan 30, 2018 1:02pm Jan 30, 2018 1:02pm
Yes, i do. I read the pdf, but the difference between those two bars are still not clear for me. Old thread is in progress of reading.
  • #1,850
  • Jan 30, 2018 2:38pm Jan 30, 2018 2:38pm
[quote=kinley;10723652]Hi, My first try with strat method result with 70 pips on plus. I still don't understand how to put the resistance and supports levels properly so temporary i supported myself with indicator. I did not find in the pdf too much information about price action. I understand if we have Outside bar or engulfing bar it is the signal for us to take the action? What is the difference between them, because for me outside and engulfing bar are looking the same.

Go to the old thread, post 7738, showing how to draw S and R.
Outside bar = High and low must be outside the previous bar.
Engulfing bar = Engulfing body must be outside the previous bars body.
  • #1,851
  • Jan 30, 2018 4:28pm Jan 30, 2018 4:28pm
CADCHF

Quoting kinley
Hi, My first try with strat method result with 70 pips on plus. I still don't understand how to put the resistance and supports levels properly so temporary i supported myself with indicator. I did not find in the pdf too much information about price action. I understand if we have Outside bar or engulfing bar it is the signal for us to take the action? What is the difference between them, because for me outside and engulfing bar are looking the same. BB {image} B {image} W {image}
I still don't understand how to put the resistance and supports levels properly so temporary i supported myself with indicator

What! This is like saying "I am going sky diving but I don't know how to put my parachute on so I will only jump when I see the ground!"

If you are going to trade PASR then READ, LEARN and UNDERSTAND how to do it BEFORE entering a trade!

I did not find in the pdf too much information about price action

That is because the pdf was compiled by someone else and is ONLY a SUMMARY of PASR. Had you READ, LEARNED and UNDERSTOOD both this thread AND my old original February 2009 thread, you would know about PASR

""What is the difference between them, because for me outside and engulfing bar are looking the same.""

UNBELIEVABLE! You go skydiving without a parachute AND don't know which is land and which is sky!

You don't have a chance in 3 Trillion to trade PASR profitably, let alone consistently profitably if you don't know and UNDERSTAND candlesticks

I only hope you are trading demo as it seems you have more money than sense!
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,852
  • Jan 30, 2018 6:46pm Jan 30, 2018 6:46pm
Quoting strat
RED NEWS Lots of RED NEWS this week impacting major pairs - short time frames will be impacted the most with hardly a ripple on the longer, stress free time frames {image}

Thank you for posting this Strat.

While this is something I have recommended to others they take note of when entering or in a trade, it is something I sometimes forget to do myself!

So, a timely reminder.
  • #1,853
  • Jan 30, 2018 7:40pm Jan 30, 2018 7:40pm
Quoting trogger
{quote} https://www.youtube.com/watch?v=rNJ8K6KNoHs I too live in an "upside down world" - so, I did short it! Point of my last post (with the BOSS chart!) was that we were nearing reaction point and I have now (all but) cleared my longs. So, "in, out, shake it all about" time! {image} Have cleared profit off 2 positions. Missed TP by 9 pips (plus spread) on the third position. Expecting a period to do the "Hokey- Tokey" from here. or...

1. While I did short it! I do expect that anyone who actually "reads and understands" my posts, has already taken onboard the advice I have given many times - to master the concepts taught on this thread first. Proficiency at basic PASR will put you in that "5%" of traders who actually succeed.

2. Yesterday's low took care of: "Missed TP by 9 pips (plus spread) on the third position." Got me out at 72.80 with six tenths of a pip to spare!

3. I may have "(all but) cleared my longs" but do have One remaining long. Will look for a retest of high of SS on 24 January. (I have accounts where I can hedge, so didn't need to close existing long in order to short).

4. Have set (and almost forget) sell limit orders in place.

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5. Not sure I can still call it a "military pincer movement" as I have just removed buy limit orders. I will wait and see what happens next. (It is called PASR, after all!)
  • #1,854
  • Feb 1, 2018 1:11am Feb 1, 2018 1:11am
GBPAUD, nice one.

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  • #1,855
  • Feb 1, 2018 2:20am Feb 1, 2018 2:20am
EURAUD H1 PASR Trend Trading:






Happy Trading,
Yomi.
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Time always comes before price
  • #1,856
  • Feb 1, 2018 7:31am Feb 1, 2018 7:31am
I find that the easiest and most profitable strategy is PASR M5, with support and resistance, trend line and 20MA, 72MA, based on H1.
  • #1,857
  • Feb 1, 2018 10:32am Feb 1, 2018 10:32am
PASR

Quoting Pixlab
I find that the easiest and most profitable strategy is PASR M5, with support and resistance, trend line and 20MA, 72MA, based on H1.
Maybe you could show us some trade examples to support your claim.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,858
  • Feb 1, 2018 11:21am Feb 1, 2018 11:21am
Hello everyone, I embraced the PASR philosophy after realizing how true there were behind strats's words on the uselessness of indicators. I'm studying the old thread not in a linear way, but jumping from one page to another looking for posts on topics that I discover gradually. In addition to the theory I know that I need for practice, practice and practice. So I started trading with small lot size and on a small time frame that gives me more opportunities.
I look for the alignment of all three time-frames and support and resistance zones to take a trade.
These are my trades of today.

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  • #1,859
  • Feb 1, 2018 11:51am Feb 1, 2018 11:51am
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  • #1,860
  • Feb 1, 2018 12:04pm Feb 1, 2018 12:04pm
GBPJPY M5

Quoting Pixlab
{image}{image}
easiest and most profitable strategy is PASR M5

And you are making this claim based on ONE TRADE? Only think of making this claim when you have been consistently profitable, month by month for AT LEAST one year

Well it seems you are very lucky on this trade - assuming you exited with a profit.

Since you are trading after New York open, this is NOT in accordance with my consistently profitable M5 strategy

You need to study all my posts on my M5 strategy BEFORE you do SERIOUS damage to your account and trading psychology.
15 YEARS OF PASR ON FOREX FACTORY!
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