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Strat's PASR Long Term, Stress Free Trading

  • #2,001
  • Feb 6, 2018 1:34pm Feb 6, 2018 1:34pm
Dow Jones Industrial

Quoting trogger
{quote} Speaking of Higher Time Frames So, anyone follow this? Now, subsequent PA action hardly comes as a surprise: {image} Of course, a wee bit more difficult to pick from 5 min/1hour charts!
a wee bit - is that the Scottish in you coming out, Wild Thing?

a wee bit more difficult to pick from 5 min/1hour charts!

Yes on M5 but not on M15. SEE how the VOLUME fell drastically as PRICE was going up. PRICE going up on falling VOLUME foretells of LOWER PRICES to come.

How I wish we had VOLUME on forex!

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 69 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,002
  • Feb 6, 2018 1:48pm Feb 6, 2018 1:48pm
Quoting strat
M5 Pacific Coast time zone trading {quote} Thanks! Nothing qualified for my M5 strategy today. All the action was 8 hours ahead of me in London. {image} {image} {image} Back to the longer time frames then
At least you've got the seaside...

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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #2,003
  • Edited 5:12pm Feb 6, 2018 3:00pm | Edited 5:12pm
Quoting BeyondTheSea
{quote} At least you've got the seaside... {image}
That looks like my Gran and Grandad at Blackpool in 1954!

This is our ""seaside""

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,004
  • Feb 6, 2018 3:04pm Feb 6, 2018 3:04pm
Quoting strat
AUDJPY M15 {quote} Good BUT you are missing important support and resistance levels. Here is my AUDJPY M15 trading chart {image}
Sir,

You attached the USD/JPY chart instead of the AUD/JPY

Thank you
  • #2,005
  • Edited 4:26pm Feb 6, 2018 4:10pm | Edited 4:26pm
Quoting 2hpriest
{quote} Sir, You attached the USD/JPY chart instead of the AUD/JPY Thank you
Thank you but the chart was correct and the title and chart reference were incorrect. That's what happens when you trade and post at the same time!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,006
  • Feb 6, 2018 4:12pm Feb 6, 2018 4:12pm
Quoting strat
PASR {quote} I can't SEE because your charts are BLACK and MISERABLE and make me feel depressed. I recommend switching to a WHITE background and HAPPY colours. Keep READING, LEARNING and UNDERSTANDING at YOUR own pace - this is not a race. Yes, there is lots to learn, even more once you get past Basic PASR, but think of it like eating a camel - bite by bite over many sittings NOT all at once. Which Emirate are you in - Abu Dhabi or Dubai? (I have lived and worked in both a long time ago)

Hi.

Was thinking in other direction. As you see I do have some white colour on chart (around it) :-). Ok, seriously, I did not changing colours, because I am using it from start and I am somehow just to it. Will change it for studying purposes, so Let it be...

As I think, you had surely checked my profie and you know where from I am comming, that question is either some sort of yoke or it is something else behind it. So I will byte in it:
No sir, closest to UAE I was, when I was listening to my friend, who was there once. And now I can say, that my teacher was theer to :-). I am from EU- SI - small country on sunny side of Alps. They said we will be litle Swiss, when we left ex Yugoslavia, but we failed (read with big letters).

Thank you once again for response and quidance

Regards
  • #2,007
  • Feb 6, 2018 4:29pm Feb 6, 2018 4:29pm
Quoting sseti
{quote} Hi. Was thinking in other direction. As you see I do have some white colour on chart (around it) :-). Ok, seriously, I did not changing colours, because I am using it from start and I am somehow just to it. Will change it for studying purposes, so Let it be... As I think, you had surely checked my profie and you know where from I am comming, that question is either some sort of yoke or it is something else behind it. So I will byte in it: No sir, closest to UAE I was, when I was listening to my friend, who was there once. And now I can say,...
Sorry, I thought it was your Profile which said UAE
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,008
  • Feb 6, 2018 4:51pm Feb 6, 2018 4:51pm
Market Structure

A quick and dirty summary on Market Structure for PASR

Big Boss - Exhaustion Candle on Parabolic move - watch out below!
Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 29 KB


Boss - Support and Resistance levels on the fall from the Parabolic top
Attached Image (click to enlarge)
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Worker - Confirmed Swings and DOWN TREND identified by Lower Highs and Lower Lows
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,009
  • Feb 6, 2018 5:24pm Feb 6, 2018 5:24pm
Quoting strat
EURCAD H4 {quote} You are doing good trying to find the time frame which suits your trading style, personality and circumstances BUT don't rush it.
Thank you Strat for this very comprehensive feedback, I truly appreciate your support along the Path.

Now onto EURCAD First, did you make a PLAN before trading?

I did, I wanted to place a first TP at the H4 swing low for 75% of my position and depending on PA on lower timeframes, manage the remaining 25% aiming for the second H4 swing low with a SL at the first swing low. Easy to say in hindsight, but that was something I visualised and the relative proximity of the M20 comforted me on the probability of reaching the first swing low.

EURCAD 4 heures.png

UNDERSTAND the context of a Shooting Star in a strong trend compared to that in a Swing

You are right and you already answered someone on the same point on the old thread, a shooting star in a strong trend is NOT a reversal signal, just a warning for longs. An engulfing bar would have been a stronger signal in this situation I think

You MUST find out what type of trader you are

I don't know what type of trader I am but I feel much more comfortable trading alongside your style rather than Trogger's for the moment
Attached Image (click to enlarge)
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  • #2,010
  • Feb 6, 2018 5:33pm Feb 6, 2018 5:33pm
GBPJPY
Basic PASR on Daily

Hello all,

First post here, I've been reading the old thread as well as this one for a couple months. Wanted to post a demo trade for any feedback.
I'd also like to sincerely thank you, Strat, for your generosity on this site helping people figure this out. Very selfless of you with your time, thank you.

Long entry based on the Signal Candle (above the arrow). The candle found support at confluence of minor support, trend line and the Strat Shadow.

Basic PASR trade from 153.00 to Weekly resistance at 154.98
SL is several pips below the Signal Candle.

Thanks,
Jason
Attached Image (click to enlarge)
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  • #2,011
  • Feb 6, 2018 5:44pm Feb 6, 2018 5:44pm
Quoting strat
Dow Jones Industrial {quote} a wee bit - is that the Scottish in you coming out, Wild Thing? a wee bit more difficult to pick from 5 min/1hour charts! Yes on M5 but not on M15. SEE how the VOLUME fell drastically as PRICE was going up. PRICE going up on falling VOLUME foretells of LOWER PRICES to come. How I wish we had VOLUME on forex! {image}

I didnt trade Large TF to the Downtrend. Since the first Candle bearish i was without long term trading... just waiting for PSAR going up.

And in Intraday, is the first time that im watching a very high volatility that i have decrease my contracts and sometimes i didnt take the entry because my SL is now very large but the TP is very large too.

Funny Days to come for Dow Jones Traders.
  • #2,012
  • Feb 6, 2018 7:06pm Feb 6, 2018 7:06pm
Quoting strat
USDJPY M15 {quote} Good BUT you are missing important support and resistance levels. Here is my USDJPY M15 trading chart {image}
Strat,

You posted "missing support and resistance levels" on UJ M15.
Were these lines taken from the 1H chart and if not then from where?
If they were taken from 1H chart were they the most recent sell breaking
a downward trend and most recent high and lows?

I have the SR numbers of yours marked on my chart in blue and where mine
would be in short red lines. Mine are close to yours.

Thanks Frank

https://www.forexfactory.com/attachm...1&d=1517965551
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  • #2,013
  • Edited 9:30pm Feb 6, 2018 8:09pm | Edited 9:30pm
I don't know if this is pertinent, but as I walk around timeframes looking for mine, I noticed that AUDUSD was at interesting levels:
- On weekly, price jumped up from around the 50% retracement level on the latest big rallye
- On Daily, we are at around the latest swing low and yesterday's hammer was noticeable (3 am here)

Therefore, I looked for a valid entry signal on lower timeframes and on 15m, there is a nice engulfing bar which I took
We'll see...

And the plan: since I took a 15mn trade, I am looking at H4 S/R levels which, to me, are confirmed swing points, namely 0.7940 and 0.80

EDIT: It was a mistake, I should have looked at H4 with more attention
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD Hebdo.png Size: 33 KB
Click to Enlarge Name: AUDUSD Journalier.png Size: 27 KB
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  • #2,014
  • Feb 6, 2018 8:50pm Feb 6, 2018 8:50pm
M5 GBP/NZD


Saw the same setup as a few others on here.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM5-2-6-18.png Size: 49 KB
  • #2,015
  • Feb 6, 2018 9:50pm Feb 6, 2018 9:50pm
CHF/JPY

Note first: As Strat has warned many times, anything with CHF in it must be treated with caution.



Sold this (red arrow) on the 4 hour chart:

Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYproH4.png Size: 34 KB


One position already closed, 2nd under careful watch.


So, why sell and why 4 hour charts?

Pull up the Big Boss and the Boss.

BRN 118 absolutely screaming at you! (Go on, "take a peek".)


Am I trading 4 hour time frames?

Not on yer life!



Go on, "take a peek".
  • #2,016
  • Feb 7, 2018 2:12am Feb 7, 2018 2:12am
Short EURJPY on the arrow, H4 in agreement, Daily below M20
Target on H4 swing low around 134.40
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY 5 minutes.png Size: 26 KB
  • #2,017
  • Feb 7, 2018 4:57am Feb 7, 2018 4:57am
Hello
My first trade in quite a while
Attached Image (click to enlarge)
Click to Enlarge Name: GU short.JPG Size: 166 KB

Aiming to exit at yesterdays low

I am not sure if the two long wicks around Frankfurt open can be considered good for shorts as well

By the way this is just a paper trade, I didnt even open a position on the demo account that I used to take the screen shot.
  • #2,018
  • Feb 7, 2018 5:12am Feb 7, 2018 5:12am
Quoting bistolis
Hello My first trade in quite a while {image} Aiming to exit at yesterdays low I am not sure if the two long wicks around Frankfurt open can be considered good for shorts as well By the way this is just a paper trade, I didnt even open a position on the demo account that I used to take the screen shot.
Nice, I took it on the same candle
  • #2,019
  • Feb 7, 2018 5:58am Feb 7, 2018 5:58am
Quoting darko2010
{quote} Nice, I took it on the same candle
Oh well 50p and out half an hour ago
  • #2,020
  • Feb 7, 2018 8:42am Feb 7, 2018 8:42am
When the TF you are taking directions from is stuck between 20 and 50, nothing seems to work
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