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Strat's PASR Long Term, Stress Free Trading

  • #2,201
  • Feb 14, 2018 12:55pm Feb 14, 2018 12:55pm
USDJPY

Quoting BeeCee
{quote} 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.
See the post after yours #2193
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,202
  • Feb 14, 2018 12:59pm Feb 14, 2018 12:59pm
PASR

Quoting TerryDawe
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. {image}
Just a reminder Terry. Even if your trading chart frame is H1 ALWAYS check the Big Boss, Boss and Worker to get the BIG PICTURE.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,203
  • Feb 14, 2018 1:03pm Feb 14, 2018 1:03pm
PASR

Quoting BeeCee
{quote} 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.
I guess in the PDF attached to this thread the way it identified Support and resistance,

Those are exercises to LEARN to IDENTIFY support and resistance levels. Learning and trading are worlds apart!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,204
  • Feb 14, 2018 1:09pm Feb 14, 2018 1:09pm
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..)
sorry about the typo in the chart, it should be too not to, hate that.

Those are my pet peeves too!

It also gets up my nose those who post "of" instead of "have" and "your" instead of "you're" (you are) and "manufacture" instead of "manufacturer" and especially texts where everything is abbreviated to single digits! This does not apply to those whose native language is not English as I admire and respect writing in another language.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,205
  • Feb 14, 2018 1:13pm Feb 14, 2018 1:13pm
PASR

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.
Good to see you back on here. You originally joined the "old" original thread in June 2013 and became a member of my private website. Are you still trading PASR and what is your success?
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,206
  • Feb 14, 2018 2:01pm Feb 14, 2018 2:01pm
Thanks Strat, you are absolutely correct.

Regards
Terry
  • #2,207
  • Feb 14, 2018 2:02pm Feb 14, 2018 2:02pm
Quoting strat
PASR {quote} Good to see you back on here. You originally joined the "old" original thread in June 2013 and became a member of my private website. Are you still trading PASR and what is your success?

The last few years I have been on and off from trading, Forex and Stocks. I am still trading around the core foundation of PASR. My success has been about 50/50, according to my logs. I'm back getting my "feet wet" in Forex and the M5 strategy is in sync with how I trade. I will of course keep an eye on the higher time frames for the gimmies as well.
  • #2,208
  • Feb 14, 2018 3:47pm Feb 14, 2018 3:47pm
Quoting strat
M5 Strategy & Important Posts {quote} 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
Thank you mr. Strat.
n down.
I was walking around posts like drunk man, but now another light bulb is on. As you writed few days back, it is all in the posts on this forum, I just could not sorted it out. Beside this I hawe also hard time with language as on the begning I had to learn it (english) sufficient to understand posts.

You are all what word BIG MAN descibes, and thanks again for your nice KISS.

Regards
  • #2,209
  • Edited 4:58pm Feb 14, 2018 4:17pm | Edited 4:58pm
Quoting strat
EURAUD M5 {quote}those two LONG entries are correct but NOT the RED SHORT - PLEASE explain to me WHY you would enter SHORT on this RED arrow.
Dear Strat,
Thanks a million and more for your benevolent patience with me, I feel like I am the Morty to your Rick (http://www.imdb.com/title/tt2861424/?ref_=nv_sr_1), I am not sure you'll understand the comparison but I mean it as a compliment).

First things first, thank you for the spoon-feeding, those are obviously posts I have read several times already (and you would reply that obviously I haven't understood them), and I will re-read them again. As dots start to connect a bit more every day, I am starting to believe that my problem (one of them at least) is not on M5 but on correctly identifying a primary trend on H1/H4 and be at the hard right edge. I will work on that and either make you proud or give you an opportunity to use your CAPS

Second, the red arrow on EURAUD was not a short sell but the exit as we had reached both a resistance and a BEEB. The charting software I use is not very user-friendly for drawing. I understand your doubts about my grasp of your strategy, but even I have my limits in inaptitude

Third, and I mean that from the bottom of my heart, you are really someone remarkable, let alone on his trading skills, but with your dedication to others. Furthermore, you have perfectly understood that being understanding and kind at all times doesn't induce effort and perseverance. I too have kids...

Sincerely,
Darko
  • #2,210
  • Feb 14, 2018 5:03pm Feb 14, 2018 5:03pm
EURCAD

PRICE reaching for BRN 1.6

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,211
  • Feb 14, 2018 5:08pm Feb 14, 2018 5:08pm
EURJPY

Confirmed Swing High

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,212
  • Feb 14, 2018 5:37pm Feb 14, 2018 5:37pm
PASR

Quoting darko2010
{quote} Dear Strat, Thanks a million and more for your benevolent patience with me, I feel like I am the Morty to your Rick (http://www.imdb.com/title/tt2861424/?ref_=nv_sr_1), I am not sure you'll understand the comparison but I mean it as a compliment). First things first, thank you for the spoon-feeding, those are obviously posts I have read several times already (and you would reply that obviously I haven't understood them), and I will re-read them again. As dots start to connect a bit more every day, I am starting to believe that...
Darko, you are by far my biggest challenge so I am determined to do whatever is needed to get you straight.

use your CAPS

I have found, over the years, that highlighting in CAPITAL letters, BOLDING, Enlarged Text and different colours enhances the learning experience.

Second, the red arrow on EURAUD was not a short sell but the exit as we had reached both a resistance and a BEEB

GOOD, that's a step in the right direction on The Path!

but even I have my limits in inaptitude

Ineptitude is a much better word

I am starting to believe that my problem (one of them at least) is not on M5 but on correctly identifying a primary trend on H1/H4 and be at the hard right edge.

If you are still talking about M5 as your trading chart, you are still not UNDERSTANDING my M5 strategy

When I am LOOKING FOR A PAIR TO TRADE on M5, I DO NOT look at H1 or H4.

I go to my Profile of M5 charts and quickly scan through them LOOKING for a pair which is CONTINUING the London trend. Remember, I am looking at MY charts at around 6:30am to 7:00am PST (9:30am to 10:00am New York (EST)). That is MY qualification - PRICE must be CONTINUING the trend set by London. This the LOWEST RISK, STRESS FREE set up.

When I find a pair which QUALIFIES, I THEN add in Worker, H4 and H1 support and resistance levels. I also take a peek at M15. I THEN enter on a pull back to the Strat Shadow. I THEN ADD-ON on further pull backs and/or when PRICE is supported by the Strat Shadow. I have posted numerous examples of all this as have others who are now trading M5.

Please, PLEASE tell me you UNDERSTAND this.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,213
  • Edited 7:05pm Feb 14, 2018 6:19pm | Edited 7:05pm
Quoting strat
PASR {quote} Please, PLEASE tell me you UNDERSTAND this.
I do, believe me, I do. However, what can you expect from someone who is inept enough to spell ineptitude wrong ...
Kidding aside, I am really grateful for your generosity. Let's see if perseverance can overcome thickness, I am not going anywhere else
  • #2,214
  • Feb 14, 2018 8:43pm Feb 14, 2018 8:43pm
Quoting strat
AUDJPY M5 {quote} Is the GREEN arrow your exit?
Yes
  • #2,215
  • Feb 15, 2018 2:31am Feb 15, 2018 2:31am
Quoting strat
EURUSD {quote} Excellent. You are a good example of a student LEARNING, UNDERSTANDING and APPLYING the PASR Path.
Thanks Strat for your nice words.

Although my analysis was good on EURUSD trade, I managed it poorly. If your noticed, I had 0.03 lots (3*0.01 lots) on that trade and my plan was to take the profit for the first 0.01 lot at just below RN 1.24 and move SL to again just below RN 1.23 (almost at Breakeven) and leave the other 0.02 lots to reach the target. I also knew US CPI and retail sales data was coming. Once data was released there was a spike down to take me out and price went up to reach my original target. The below is 1H screenshot.

Okoso
Attached Image (click to enlarge)
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  • #2,216
  • Feb 15, 2018 2:34am Feb 15, 2018 2:34am
GBPUSD

Good morning,
had a look at GBPUSD the last days. BB and B showed that buyers are still in control. So I decided to trade from the long-side.
Having a look at the worker I saw that a swing low could have been formed at support (WCC). So waited for PA at that level.
After the bullish candle as of 13.02. had closed I decided to enter the trade (14.02).
I put the SL below the low of candle as of 12.02. . As most of the time I entered with 2 positions. TP of Pos.1 was hit within the upmove yesterday. Moved SL to BE of Pos.2 and will let it run.

Attached Image (click to enlarge)
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  • #2,217
  • Edited 4:11am Feb 15, 2018 3:54am | Edited 4:11am
Hello

GBPUSD M5 entries
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UJ M15 entries, with a nice slope for 3 days
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  • #2,218
  • Feb 15, 2018 4:24am Feb 15, 2018 4:24am
Quoting trogger
{quote} Today's Lesson in History* {image} Now why would I have .7198 marked on that chart? Anybody? (I know! Luck? ESP? wishful thinking?... Nah, Nah and Nah!) So, what happened after that spike? {image} Retest and "Hog-Heaven" freefall for all you "5 minute" wonders - if you can be bothered with 30 whole pips! And all from the BIG BOSS No. You work it out! (It will save you from a world of pain.) * For you 5min traders, "History" means 1271232 (give or take) five minute intervals ago!...


Turn, Turn, Turn...

My add-on longs now closed.

Attached Image (click to enlarge)
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Mighty odd where that turned, Don't ya all think?

(or is George Santayana turning in his grave, as I type?)
  • #2,219
  • Feb 15, 2018 4:29am Feb 15, 2018 4:29am
Quoting bistolis
Hello GBPUSD M5 entries {image} UJ M15 entries, with a nice slope for 3 days {image}
Your entries are pretty good.. well done.
It's in fear when people show what they truly value.
  • #2,220
  • Feb 15, 2018 6:53am Feb 15, 2018 6:53am
Quoting trogger
{quote} Turn, Turn, Turn... My add-on longs now closed. {image} Mighty odd where that turned, Don't ya all think? (or is George Santayana turning in his grave, as I type?)
Hello
Were you looking at this area for support ?
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