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Strat's PASR Long Term, Stress Free Trading

  • #2,161
  • Feb 13, 2018 1:29pm Feb 13, 2018 1:29pm
Quoting strat
EURUSD M5 {quote} Excellent Yomi. The Bond Shooting Star was the first indication of the London top Next Step: Maximise Profits! If you are at your screen all the time to watch the trade, consider SWING trading it. ADD ON at my first white triangle and then TAKE PROFITS on ALL positions at my first red triangle. Get back in at the next 2 white triangles and TAKE PROFITS on ALL positions at the second red triangle at the Bond Shooting Star. I believe you UNDERSTAND this. {image}
Basically buy at the dips and sell position at peaks. Nice. This is what smart trader's do. In an uptrend.

Tool's: strat shadow. price action. reading momentum.
It's in fear when people show what they truly value.
  • #2,162
  • Feb 13, 2018 1:39pm Feb 13, 2018 1:39pm
Quoting strat
EURUSD M5 {quote} Excellent Yomi. The Bond Shooting Star was the first indication of the London top Next Step: Maximise Profits! If you are at your screen all the time to watch the trade, consider SWING trading it. ADD ON at my first white triangle and then TAKE PROFITS on ALL positions at my first red triangle. Get back in at the next 2 white triangles and TAKE PROFITS on ALL positions at the second red triangle at the Bond Shooting Star. I believe you UNDERSTAND this. {image}
Very well, thanks once again.
Time always comes before price
  • #2,163
  • Feb 13, 2018 2:22pm Feb 13, 2018 2:22pm
Thanks Strat
  • #2,164
  • Feb 13, 2018 2:58pm Feb 13, 2018 2:58pm
Quoting strat
EURUSD M5 {quote} Good job!
Thanks Strat, although I am still at the beginning of the path, I am convinced that it is the right way.
  • #2,165
  • Feb 13, 2018 3:00pm Feb 13, 2018 3:00pm
Quoting strat
GBPCAD M5 {quote} Well done!
Thanks very much, Strat.
  • #2,166
  • Feb 13, 2018 3:36pm Feb 13, 2018 3:36pm
Quoting strat
CADJPY M5 {quote} The conditions seemed good for an M5 trade They were.......................12+ hours BEFORE you traded!!!! PRICE made a QUADRUPLE bottom 1+ hours BEFORE you traded You SOLD directly into SUPPORT I do not know why I did not close the trade when I saw a hammer at a support It's called GREED - stop trading until you have READ and UNDERSTOOD Trading Psychology!
Thank you for your feedbacks Strat!

Quote
WHAT!!!!!!!!!!!!!!!! Have you read my M5 PASR Trend Trading strategy? We ONLY use H4 and H1 for our resistance and support levels!
Strat which is the reason why we do not even use supports and resistances from 15 minutes chart? Is the 15 minute chart useless or redundant?
  • #2,167
  • Feb 13, 2018 3:45pm Feb 13, 2018 3:45pm
M5

Quoting Giannis95
{quote} Thank you for your feedbacks Strat! {quote} Strat which is the reason why we do not even use supports and resistances from 15 minutes chart? Is the 15 minute chart useless or redundant?
We ONLY use H4 and H1 for our resistance and support levels!

You have taken this out of context from my post to darko2010.

He said
On the Big Boss, SS after rejection on resistance
On the Boss, price was rejected from a resistance for the 4th time since July 2016
On the Worker, the price was rejected from resistance
On H4, the wicks confirmed that the sellers starts pushing down
On M5, we were finally entering in the Strat Shadow

He was using the Big Boss, Boss, Worker, H4 and my statement was again to tell him to use H4 and H1

The M15 supports and resistances will more than likely switch you into Basic PASR mode instead of PASR Trend Trading.

Read, Learn and UNDERSTAND the Power of Time Frames to UNDERSTAND that PRICE and its footprints are more powerful on higher (longer) time frames.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,168
  • Feb 13, 2018 4:26pm Feb 13, 2018 4:26pm
Quoting strat
M5 {quote} We ONLY use H4 and H1 for our resistance and support levels! You have taken this out of context from my post to darko2010. He said On the Big Boss, SS after rejection on resistance On the Boss, price was rejected from a resistance for the 4th time since July 2016 On the Worker, the price was rejected from resistance On H4, the wicks confirmed that the sellers starts pushing down On M5, we were finally entering in the Strat Shadow He was using the Big Boss, Boss, Worker, H4 and my statement was again to tell him to use H4 and H1 The M15...
You have been clear, thanks!
  • #2,169
  • Feb 13, 2018 6:50pm Feb 13, 2018 6:50pm
Quoting strat
GBPAUD M5 {quote} darko, this post and your previous post tells me either you have NOT read, or if you have, not UNDERSTOOD MY M5 strategy. Go back in this thread and find all the posts explaining MY M5 strategy and READ and UNDERSTAND them, THEN, YOU will be able to answer these questions. It's not difficult - many others on here have understood it and are trading profitably with it.
Thanks Strat, I sincerely appreciate the absence of spoon-feeding. I think I finally understood why selling GBPAUD was not compliant with your M5 strategy, H4 is still in an uptrend. If this is not the right reason, I'll keep searching.
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  • #2,170
  • Edited 9:20pm Feb 13, 2018 7:30pm | Edited 9:20pm
Quoting strat
EURUSD M5 {quote} Excellent Yomi. The Bond Shooting Star was the first indication of the London top Next Step: Maximise Profits! If you are at your screen all the time to watch the trade, consider SWING trading it. ADD ON at my first white triangle and then TAKE PROFITS on ALL positions at my first red triangle. Get back in at the next 2 white triangles and TAKE PROFITS on ALL positions at the second red triangle at the Bond Shooting Star. I believe you UNDERSTAND this. {image}
Hi Strat.

I've been reading your thread, both old and this new one for the past few months and here is the first trade I took on EURUSD yesterday morning my time (GMT+8). Lots of people took trades on 5M but I took it on WORKER.

Based on my analysis I made over the weekend, I knew BIG BOSS and also BOSS were heading up. Also we have a WCC which is controlling price for the third week, (including this current week), the low of WCC coincides with SR level from BIG BOSS and they are just few pips above ROUND NUMBER 1.22, nice confluence of SUPPORT and RESISTANCE.

On the WORKER, once price reached the low of WCC, last Thursday and Friday, we have 2 doji candles (indecision at support) and Monday candle was a BUEB closing above the high of previous candle confirming a formation of swing low, which also managed to close above 20EMA, so for me it is a PASR entry. This trade is now in the money which I will be managing on the WORKER.

Also I see this is a good example of "The MOST REWARDING and STRESS FREE trade comes when you can time the Worker turning into the direction of the BIG BOSS at THE SAME TIME as the BOSS turns into the direction of the BIG BOSS"

Thanks for your comments,

Okoso
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  • #2,171
  • Feb 13, 2018 7:53pm Feb 13, 2018 7:53pm
Quoting strat
EURNZD {quote} you had shown AUD CAD on Downtrend No I did NOT! Would you recommend a buy for a scenario like this when the price action falls in place. Study MY charts and SEE if you can answer this yourself - the blue lines are the Weekly Control Candle {image} {image}
If my understanding is right, EUR NZD is moving uptrend in bigboss (M1)/ boss(W1) and worker (D1). When the price moves above WCC and on rejection by strat shadow and when there is a PASR bullish candle close beyond 0.70703 in D1 (WCC), then take a buy position. Is this right.
  • #2,172
  • Feb 13, 2018 8:04pm Feb 13, 2018 8:04pm
Quoting darko2010
{quote} Thanks Strat, I sincerely appreciate the absence of spoon-feeding. I think I finally understood why selling GBPAUD was not compliant with your M5 strategy, H4 is still in an uptrend. If this is not the right reason, I'll keep searching. {image}
H4 is still in an uptrend

You cannot have read my M5 strategy if you think this is the reason. H4 has nothing to do with MY M5 strategy
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,173
  • Feb 13, 2018 9:09pm Feb 13, 2018 9:09pm
Hi Strat,

Enclosed are USD JPY charts.

1. In the monthly charts (big boss), the immediate trend is bearish. while the long term trend is Flat. I have put in the trend lines. It is broken near WCC.
2. In the weekly chart(boss) trend is bearish downtrend.
3. The daily chart WCC is broken and candle has closed below WCC yesterday.
4. My understanding is to open a trade below the yesterday's low. and go until the next resistance at 104.81.
5. SL at 108.77, yesterdays candle top.
6. Risking 1% of balance for 3 lots put together.
7. Open strategy 3 lots (all together 1% of margin).
8. TP - 1st lot - until intermediate support or R/R-1:1 ; 2nd lot - BE by 1st TP - TP by next support 104.81; 3rd lot -BE by 1st TP - TP until next support at 101.80

I request your holistic feedback on my view. That's the reason I wanted to share my thoughts with you.
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  • #2,174
  • Edited 10:36pm Feb 13, 2018 10:20pm | Edited 10:36pm
Quoting trogger
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: {image} 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".


Ka-ching. 2nd position closed (at 114.78).

So, didya take the "peek"?

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  • #2,175
  • Feb 13, 2018 11:34pm Feb 13, 2018 11:34pm
Quoting BeeCee
Hi Strat, Enclosed are USD JPY charts. 1. In the monthly charts (big boss), the immediate trend is bearish. while the long term trend is Flat. I have put in the trend lines. It is broken near WCC. 2. In the weekly chart(boss) trend is bearish downtrend. 3. The daily chart WCC is broken and candle has closed below WCC yesterday. 4. My understanding is to open a trade below the yesterday's low. and go until the next resistance at 104.81. 5. SL at 108.77, yesterdays candle top. 6. Risking 1% of balance for 3 lots put together. 7. Open strategy 3 lots...
Hi BeeCee,

Here's my 2 cents:

1,2) I can also see that the immediate trend is down
3) Although the worker closed below the support of the weekly control candle, I believe we need to wait for the weekly candle to close below it. Then we have our "break"
4) If the weekly candle closes below the WCC support, then we look for PASR to trade in that direction as long as there isn't more support directly below that.

I am currently waiting on this pair to see if the weekly candle will close below the WCC support. And if it does, then I will look for PASR to trade in that direction
  • #2,176
  • Feb 14, 2018 12:07am Feb 14, 2018 12:07am
Quoting Yoki
{quote} Hi BeeCee, Here's my 2 cents: 1,2) I can also see that the immediate trend is down 3) Although the worker closed below the support of the weekly control candle, I believe we need to wait for the weekly candle to close below it. Then we have our "break" 4) If the weekly candle closes below the WCC support, then we look for PASR to trade in that direction as long as there isn't more support directly below that. I am currently waiting on this pair to see if the weekly candle will close below the WCC support. And if it does, then I will look...
Thanks, Yoki. Appreciate the support. I am still learning. Guess a long way to go.
  • #2,177
  • Feb 14, 2018 12:12am Feb 14, 2018 12:12am
Quoting BeeCee
{quote} Thanks, Yoki. Appreciate the support. I am still learning. Guess a long way to go.
That makes two of us!
  • #2,178
  • Edited 5:07am Feb 14, 2018 4:43am | Edited 5:07am
Quoting strat
{quote} H4 is still in an uptrend You cannot have read my M5 strategy if you think this is the reason. H4 has nothing to do with MY M5 strategy
After being angry at myself for about 3 hours when I saw your answer, I went back to your charts and realized you are teaching PASR and that I am just overcomplicating things.

Have I finally understood or will I just kick myself again when you answer this?

Just in case I did, here is EURAUD yesterday which could have been a good example of what to look for:
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  • #2,179
  • Feb 14, 2018 7:51am Feb 14, 2018 7:51am
AUDJPY M5 PASR Trend Trading:


Very fast one to the TP of 50pips x 2.




Happy Trading,
Yomi.
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Time always comes before price
  • #2,180
  • Feb 14, 2018 8:11am Feb 14, 2018 8:11am
I woke up to see the M5 charts printing some big candles across multiple pairs. I think this has to do with the USD news at 5:30am. I'm skipping today, dont want to get taken out by a random swing. Back at it tomorrow morning.


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