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Strat's PASR Long Term, Stress Free Trading

  • #2,181
  • Feb 14, 2018 8:29am Feb 14, 2018 8:29am
I took AUDJPY short about an hour before CPI. I thought it would nicely go down. I must say I didn't expect AUD and JPY to be the main currencies impacted by the US CPI...
Attached Image (click to enlarge)
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  • #2,182
  • Feb 14, 2018 8:38am Feb 14, 2018 8:38am
I realize this isn't something that Strat recommended in this thread, but when I saw the rising trendline on GBPAUD on H4 (and Daily), and that the shadow entry conditions on M5 were met despite a recent resistance nearby, I took a paper trade to see if the trendline would prove stronger than the resistance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUD 4 heures.png Size: 37 KB
Click to Enlarge Name: GBPAUD 5 minutes.png Size: 28 KB
  • #2,183
  • Feb 14, 2018 9:02am Feb 14, 2018 9:02am
Quoting darko2010
I realize this isn't something that Strat recommended in this thread, but when I saw the rising trendline on GBPAUD on H4 (and Daily), and that the shadow entry conditions on M5 were met despite a recent resistance nearby, I took a paper trade to see if the trendline would prove stronger than the resistance. {image} {image}

The higher time frame (Daily) S/R will always be more powerful than the time frame your trading (M5). Take a look at post #2,110 and my post #2,121. You pretty much did this, but you used a trend line support on a higher time frame, if I understood your post correctly.
  • #2,184
  • Feb 14, 2018 9:07am Feb 14, 2018 9:07am
Quoting Soundz
{quote} The higher time frame (Daily) S/R will always be more powerful than the time frame your trading (M5). Take a look at post #2,110 and my post #2,121. You pretty much did this, but you used a trend line support on a higher time frame, if I understood your post correctly.
You are right Soundz, that's what I did and I realize the trendline was daily rather than H4. Thanks for the post references
  • #2,185
  • Feb 14, 2018 9:22am Feb 14, 2018 9:22am
M5 GBPNZD

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM5.png Size: 71 KB


1st Trade protected at profit, 2nd trade Break Even and closed prior news. (sorry about the typo in the chart, it should be too not to, hate that..)
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #2,186
  • Feb 14, 2018 9:30am Feb 14, 2018 9:30am
Today's Gold trade reached TP after almost touching my SL. Really nice trade, thanks to the news. Attaching Worker charts the moment I took the trade and just now.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GOLD AFTER.PNG Size: 17 KB
  • #2,187
  • Feb 14, 2018 9:37am Feb 14, 2018 9:37am
Quoting BeyondTheSea
M5 GBPNZD {image} 1st Trade protected at profit, 2nd trade Break Even and closed prior news. (sorry about the typo in the chart, it should be too not to, hate that..)
Nice. I forgot to mention in my post but GBP/NZD was my first trade this morning a few minutes before the huge bar at 5:30. After seeing this and on different pairs, I called it for the morning.
  • #2,188
  • Feb 14, 2018 10:36am Feb 14, 2018 10:36am
M5 Strategy & Important Posts

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}
darko, I don't normally do this but you are exhibiting DESIRE, PERSISTENCE and PERSEVERANCE to LEARN PASR so for you, I will SPOON FEED YOU this one time.

READ, LEARN & UNDERSTAND ALL THESE POSTS. If there is ANYTHING you don't UNDERSTAND, ASK

These are the Post numbers:
267, 280, 281, 282, 283, 357, 376, 480, 487, 495, 512, 529, 533, 554, 563, 564, 611, 614, 616, 653, 691, 713, 721, 725 & 726

If you can't UNDERSTAND my M5 strategy after this then tell me why
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,189
  • Feb 14, 2018 10:41am Feb 14, 2018 10:41am
EURUSD

Quoting okoso
{quote} 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...
Excellent. You are a good example of a student LEARNING, UNDERSTANDING and APPLYING the PASR Path.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,190
  • Feb 14, 2018 10:45am Feb 14, 2018 10:45am
EURNZD

Quoting BeeCee
{quote} 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.
Yes, EXCEPT ""on rejection by strat shadow"" - this should be "on SUPPORT of the Strat Shadow"
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,191
  • Edited 12:56pm Feb 14, 2018 11:13am | Edited 12:56pm
USDJPY

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...
1. In the monthly charts (big boss), the immediate trend is bearish. while the long term trend is Flat.

Look at MY Big Boss chart. Do you still SEE the long term trend as ""Flat""?

Also, you have more lines on your chart than there are at King's Cross Station! Why? All you need is RESISTANCE above where PRICE is NOW and SUPPORT below where PRICE is NOW.
Attached Image (click to enlarge)
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4. and go until the next resistance at 104.81

YOU don't know your SUPPORT from RESISTANCE! - go back READ, LEARN and UNDERSTAND!

5. SL at 108.77, yesterdays candle top.

ONLY if you are trading SHORTER time frames!

I request your holistic feedback on my view.

ALL my comments are HOLISTIC!

You need to work on IDENTIFYING correct SUPPORT and RESISTANCE levels!

Also, only take a screen shot of your CHART - nothing else.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,192
  • Feb 14, 2018 11:14am Feb 14, 2018 11:14am
Quoting strat
EURNZD {quote} Yes, EXCEPT ""on rejection by strat shadow"" - this should be "on SUPPORT of the Strat Shadow"
Thanks, Strat. THis helps me gain confidence in my understanding.

A confusion while working with the charts. In my USD JPY example (post 2173), Price in worker (D1) has closed below WCC. Support is still a long way to go. Should we go ahead take a sell trade or wait until the weekly candle breaks the WCC and take the trade next week.
  • #2,193
  • Feb 14, 2018 11:19am Feb 14, 2018 11:19am
USDJPY

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...
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

Excellent!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,194
  • Edited 12:57pm Feb 14, 2018 11:38am | Edited 12:57pm
EURAUD M5

Quoting darko2010
{quote} 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: {image}
realized you are teaching PASR

REALLY! Thank you! I wondered what I have been doing on here since February 2009!

I am just overcomplicating things

This is the UNDERSTATEMENT of the Century!

From Page 1 of my "old" original thread:

I am a degreed Mechanical Engineer by profession so I love technical analysis and spent hours, days, months and years modifying and developing indicators and devising my own systems. The dawn of realisation hit me several years ago when I realised all I was doing was re-living history. At about the same time, I came across a few professional traders and ex - floor traders and thought this was my golden opportunity to learn THE SECRET. Well it was - but not what I expected!

Far from having super - dooper highly fandangled systems, I learned all they had was their EYES and EARS! No fancy squiggly lines for them - if it went up, they bought; if it went down they sold. Every single one of them told me the same thing - TRADING IS SIMPLE, DON'T COMPLICATE IT.

Did you READ this?

Have I finally understood?

No but you are a little further along

EURAUD - those two LONG entries are correct but NOT the RED SHORT - PLEASE explain to me WHY you would enter SHORT on this RED arrow.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,195
  • Feb 14, 2018 11:40am Feb 14, 2018 11:40am
AUDJPY M5 PASR Trend Trading

Quoting fxrabbi
AUDJPY M5 PASR Trend Trading: Very fast one to the TP of 50pips x 2. Happy Trading, Yomi. {image}
Fastest gun in the West. Great job, Yomi
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,196
  • Feb 14, 2018 11:41am Feb 14, 2018 11:41am
Well done Okoso,

I was too focused on looking at the H1 and didn't pay enough attention to the worker.

There was a nice doji printed at the bottom of the WCC and drawing in the fib on the worker, the 161.8 also coincided with the bottom of the WCC.

So a potential target to the upside would be first the top of the WCC followed by the 261.8 fib extension if it is so inclined.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 47 KB
  • #2,197
  • Feb 14, 2018 11:42am Feb 14, 2018 11:42am
PASR

Quoting Soundz
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. {image}
Good DISCIPLINE!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,198
  • Feb 14, 2018 11:58am Feb 14, 2018 11:58am
GBPAUD H4

Quoting darko2010
I realize this isn't something that Strat recommended in this thread, but when I saw the rising trendline on GBPAUD on H4 (and Daily), and that the shadow entry conditions on M5 were met despite a recent resistance nearby, I took a paper trade to see if the trendline would prove stronger than the resistance. {image} {image}
Counting to 10 before I answer................8, 9, 10

I realize this isn't something that Strat recommended in this thread

WHAT! This PROVES that you have either 1) NOT read both threads or 2) don't UNDERSTAND or 3) both 1 & 2. One more time - this is called PASR - PRICE ACTION at SUPPORT and RESISTANCE

If you are trading H4 then your 3 time frames for analysis are:

BOSS
WORKER
H4
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,199
  • Feb 14, 2018 12:04pm Feb 14, 2018 12:04pm
AUDJPY M5

Quoting darko2010
I took AUDJPY short about an hour before CPI. I thought it would nicely go down. I must say I didn't expect AUD and JPY to be the main currencies impacted by the US CPI... {image}
Is the GREEN arrow your exit?
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,200
  • Feb 14, 2018 12:06pm Feb 14, 2018 12:06pm
Quoting strat
USDJPY {quote} 1. In the monthly charts (big boss), the immediate trend is bearish. while the long term trend is Flat. Look at MY Big Boss chart. Do you still SEE the long term trend as ""Flat""? Also, you have more lines on your chart than there are at King's Cross Station! Why? All you need is RESISTANCE above where PRICE is NOW and SUPPORT below where PRICE is NOW. {image} 4. and go until the next resistance at 104.81 YOU don't know your SUPPORT from RESISTANCE! - go back READ, LEARN and UNDERSTAND! 5. SL at 108.77, yesterdays candle top. ONLY...
Thanks for the feedback Strat. I will go back to the old thread on finding support and resistance better. I will also keep lines only for the present price trend. I guess in the PDF attached to this thread the way it identified Support and resistance, I tried to learn that. However, I guess the present S/R for the price is good enough for us take the trade and subsequently we can move ahead.
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