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Strat's PASR Long Term, Stress Free Trading

  • #2,241
  • Feb 15, 2018 8:33pm Feb 15, 2018 8:33pm
check the pm I sent you
and then reply
I will get my head around this, but always can be wrong
  • #2,242
  • Feb 15, 2018 8:44pm Feb 15, 2018 8:44pm
Quoting nimtrader
check the pm I sent you and then reply
THanks, Nimtrader. Understood. Appreciate the help.
  • #2,243
  • Edited 5:32am Feb 16, 2018 4:47am | Edited 5:32am
Hello,
Here are some 5m trades taken today:
EDIT: paper trades only, I'm still new on the Path.

GBPNZD
Closed this 10 minutes prior to GBP news.


GBPCAD
Also closed prior to news.


USDCAD
Closed this break even after it made a HL.



Strat's post yesterday about getting experience watching M1 is really helpful (I'm not trading M1, just watching!). It is helping me get used to a trade pulling back against me without the fear of wanting to close it. The info in these two threads is pure gold.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpnzd feb16.jpg Size: 157 KB
Click to Enlarge Name: gbpcad feb16.jpg Size: 162 KB
Click to Enlarge Name: usdcad feb16.jpg Size: 148 KB
  • #2,244
  • Feb 16, 2018 5:49am Feb 16, 2018 5:49am
Quoting bistolis
{quote} Hello Were you looking at this area for support ? {image}

Yes. Absolutely. It has been marked indelibly in my mind if not my charts for well over a decade now*.You correctly refer to it as an "area for support", but isn't it interesting that the hammer marked on the original post closed at EXACTLY 0.7198 ? Not one tenth of one pip out, by my broker.
  • #2,245
  • Edited 8:31am Feb 16, 2018 6:56am | Edited 8:31am
Hi Strat,

Attached are the monthly and weekly charts of GBP NZD. one of the very basic questions. I want to learn to find the primary trend. (as I am level zero, however want to improve).

Weekly chart.

How should I determine what trend is it now. Is it by looking at the larger picture from the top (thick trend line) and say that it is in down trend. Until the 2.33 is broken would we still say it is in downtrend.

If that that is the case, when the price is going up (when the thin trend line crossing the thick trend line) would we still say the boss is in a down trend. or look at the last 2 candles, coming out of the immediate trend and say the boss is on a downtrend.

Monthlychart:
for 4 months in between the price was going consistently up and formed a Lower High. for those 4 months should we say the bigboss trend is up, or since it was only a LH should we say the bigboss trend is still down.

I hope you understand this question. If I may request you for an example, what is the present trend in weekly and month charts enclosed and could you please tell me how.

Apologies for such a dumb question.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBNZD_weekly.jpg Size: 201 KB
Click to Enlarge Name: gbpnzd_m.jpg Size: 219 KB
  • #2,246
  • Feb 16, 2018 7:02am Feb 16, 2018 7:02am
Hi Strat,

Is the Identification of WCC right. The 3rd candle from the right. Before that was the 5th candle from the right.
Attached Image (click to enlarge)
Click to Enlarge Name: WCC.jpg Size: 186 KB
  • #2,247
  • Feb 16, 2018 7:54am Feb 16, 2018 7:54am
Quoting BeeCee
Hi Strat, Is the Identification of WCC right. The 3rd candle from the right. Before that was the 5th candle from the right. {image}
IMHO, the close of the 3rd candle didn't take out the low of the 5th candle, so that (the 5th) was still the active one. It was the 2nd candle who broke the WCC and bec ame a possible WCC waiting to see the close of this week.

Hope it helps. Anyway let's see what Strat says, maybe I'm wrong

A.
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #2,248
  • Feb 16, 2018 9:30am Feb 16, 2018 9:30am
That is correct A, by the end of this week it looks like this week's candle will be the new potential WCC.


Regards
Terry
  • #2,249
  • Feb 16, 2018 9:50am Feb 16, 2018 9:50am
PASR

Quoting Pixlab
{quote} I practice in demonstration for almost 1 month and I have a rate of return of 90% with only 2 or 3 trades per day. Of course I do not take all the trades that are on the image that I joined, it was to show the possible entries. I will soon run into real with micro lots and gradually increase. Pixlab
Good, but don't be fooled by your 90%. All you are doing on demo/paper trading is showing that you UNDERSTAND the strategy. It is a whole new trading world when you trade LIVE with your hard earned money as this engages your Little People (sub conscious) who will talk to you to not only protect your money (FEAR) but also to make MORE money (GREED). Start with the smallest lot size your broker offers (should be a micro lot) and use good Money Management.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,250
  • Feb 16, 2018 10:03am Feb 16, 2018 10:03am
PASR

Quoting BeeCee
{quote} Hi Strat, You know I am at level 0. Please bear with me. True to my last statement, I went back and tried learning to plot the support and resistance lines. I have made it in the chart attached. Could you tell me whether what I have done is right. In my mind, support/resistance lines should be drawn on big boss, where the prices changes trend. In boss chart again draw lines, where price is trying to change the trend which are not obvious in bigboss chart. Request your feedback. I am a slow learner. {image}
Have you read from Post # 1 on my old original thread? This tells you how to identify support and resistance levels for use in PASR

ALWAYS start with the BIG BOSS and identify the support and resistance levels THEN toggle to the BOSS and FINE TUNE the levels you already identified to the BOSS and ADD any important levels showing on the BOSS not already identified. THEN toggle to the WORKER and do exactly the same thing again.

The levels on your BOSS are not correct so start again with another pair and THIS TIME show all 3 time frames.

Make sure you have READ and UNDERSTOOD The Power of Time Frames

I am a slow learner

Good! This is much better than those who flash read and look for short cuts.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,251
  • Edited 11:12am Feb 16, 2018 10:06am | Edited 11:12am
GBPNZD, GBPCAD & USDCAD M5

Quoting jmw7
Hello, Here are some 5m trades taken today: EDIT: paper trades only, I'm still new on the Path. GBPNZD Closed this 10 minutes prior to GBP news. GBPCAD Also closed prior to news. USDCAD Closed this break even after it made a HL. Strat's post yesterday about getting experience watching M1 is really helpful (I'm not trading M1, just watching!). It is helping me get used to a trade pulling back against me without the fear of wanting to close it. The info in these two threads is pure gold. {image} {image} {image}
Well done EXCEPT you should NOT have taken the trade on USDCAD M5. Study it and tell me why.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,252
  • Feb 16, 2018 10:08am Feb 16, 2018 10:08am
EURJPY M5 PASR Trend Trading:


Two trades hit the TP: 50pips x 2, while the third one I have to close it myself for two reasons, firstly, it was getting close to my EOD (end of day) London close, and being Friday.




Happy Trading,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM5.png Size: 34 KB
Time always comes before price
  • #2,253
  • Feb 16, 2018 10:12am Feb 16, 2018 10:12am
PASR

Quoting BeeCee
Hi Strat, Attached are the monthly and weekly charts of GBP NZD. one of the very basic questions. I want to learn to find the primary trend. (as I am level zero, however want to improve). Weekly chart. How should I determine what trend is it now. Is it by looking at the larger picture from the top (thick trend line) and say that it is in down trend. Until the 2.33 is broken would we still say it is in downtrend. If that that is the case, when the price is going up (when the thin trend line crossing the thick trend line) would we still say the boss...
Why are you starting with the BOSS?

Read and UNDERSTAND my "old" original thread especially The Power of Higher Time Frames

Apologies for such a dumb question

We were ALL dumb once so don't worry. ALL I ask is that YOU READ, LEARN and UNDERSTAND each post on my "old" original thread BEFORE moving on to the next post. That thread is laid out in a LOGICAL and PROGRESSIVE manner so LEARN in the same manner.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,254
  • Feb 16, 2018 10:17am Feb 16, 2018 10:17am
PASR

Quoting BeeCee
Hi Strat, Is the Identification of WCC right. The 3rd candle from the right. Before that was the 5th candle from the right. {image}
This SHOWS you have flash read and skipped this and my "old" original thread. There is NO WAY you should have even heard of WEEKLY CONTROL CANDLES let alone discuss them when you are not able to even identify correct support and resistance levels.

READ, LEARN and UNDERSTAND PASR in the LOGICAL and PROGRESSIVE way I laid it out in my "old" original thread and STOP trying to RUN before you can even crawl
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,255
  • Feb 16, 2018 10:19am Feb 16, 2018 10:19am
EURJPY M5

Quoting fxrabbi
EURJPY M5 PASR Trend Trading: Two trades hit the TP: 50pips x 2, while the third one I have to close it myself for two reasons, firstly, it was getting close to my EOD (end of day) London close, and being Friday. Happy Trading, Yomi. {image}
Excellent, Yomi!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,256
  • Feb 16, 2018 10:25am Feb 16, 2018 10:25am
Red arrow: entry
Green arrow: exit
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD 5 minutes.png Size: 27 KB
  • #2,257
  • Edited 10:46am Feb 16, 2018 10:30am | Edited 10:46am
LIVE: interesting moment in GBPUSD land
EDIT: just to make sure Strat doesn't think I haven't understood his M5 strategy, there is NO WAY I would touch today this before GU goes higher than the London session, but watching the price is indeed interesting to see reaction on resistance
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD 1 heure.png Size: 32 KB
Click to Enlarge Name: GBPUSD 5 minutes.png Size: 27 KB
  • #2,258
  • Feb 16, 2018 10:38am Feb 16, 2018 10:38am
Quoting strat
PASR {quote} This SHOWS you have flash read and skipped this and my "old" original thread. There is NO WAY you should have even heard of WEEKLY CONTROL CANDLES let alone discuss them when you are not able to even identify correct support and resistance levels. READ, LEARN and UNDERSTAND PASR in the LOGICAL and PROGRESSIVE way I laid it out in my "old" original thread and STOP trying to RUN before you can even crawl
Hi Strat,

Appreciate your effort to guide us. I will learn thoroughly both the threads and come back. Thanks.
  • #2,259
  • Feb 16, 2018 11:18am Feb 16, 2018 11:18am
EURCAD M5

Quoting darko2010
Red arrow: entry Green arrow: exit {image}
HOORAY! The light bulbs are FLASHING and pennies are DROPPING - I might have to go out and celebrate!

There is a better entry 4 candles before - the BEEB CLOSING below the Strat Shadow. Very good exit

You have no idea how good and satisfied this makes me feel.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,260
  • Feb 16, 2018 11:33am Feb 16, 2018 11:33am
GBPUSD M5

Quoting darko2010
LIVE: interesting moment in GBPUSD land EDIT: just to make sure Strat doesn't think I haven't understood his M5 strategy, there is NO WAY I would touch today this before GU goes higher than the London session, but watching the price is indeed interesting to see reaction on resistance {image} {image}
Now, UNDERSTAND that with you being 1 hour ahead of London, you CAN trend trade M5

There was a STRESS FREE, LOW RISK entry on GBPUSD M5 - see if you can UNDERSTAND it.

but watching the price is indeed interesting to see reaction on resistance

That is EXACTLY what I ask students to do - spend thousands of hours on thousand of charts doing this.

Be VERY CAREFUL with trend lines - many times they will fake you out. The Strat Shadow is much more POWERFUL and should be used as your PRIMARY GUIDE. LEARN and UNDERSTAND the Strat Shadow until you can trade it with your eyes closed.
Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 38 KB
15 YEARS OF PASR ON FOREX FACTORY!
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