Strat's PASR Long Term, Stress Free Trading | Page 120 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MY PASR journey Based on Strat's PASR Trading 76 replies

M5 PASR Trend Trading Strat 95 replies

My PASR Trend Trading Journals 3 replies

A young trader's road to profitability - PASR trading - Live 11 replies

Fibs trading and PASR 0 replies

Attachments: Strat's PASR Long Term, Stress Free Trading
Exit Attachments

Strat's PASR Long Term, Stress Free Trading

  • #2,381
  • Feb 19, 2018 9:40am Feb 19, 2018 9:40am
Quoting Pixlab
{quote} I'm trying to understand something, I'm a London trader so, for GBP/JPY following the strategy of Strat, the majority of the London session was bearish so it would have had to not take the trade for New York? Because New York did not follow the London trend
I think so. For my trades though I am trying to apply basic PASR

Trogger I believe would have loved to trade every top and bottom today during London
  • #2,382
  • Feb 19, 2018 9:49am Feb 19, 2018 9:49am
Quoting strat
EURJPY {quote} BB: primary trend up but at resistance, strat shadow just crossed - doesn't mean anything- nothing to do with PASR, possible test of MA 20 Strat Shadow not 20= previous bar doji and in touching R area (cca 131.500-132.00) What about the big Bearish Outside Bar? B: Previous bar (closed 9.2.18) is WCC as this week closed inside it, Pricel closed on "my" minor S area, Price closed just below MA20, primary trend still intact PRICE is in a swing DOWN W: price right on "my" minor S area where price was rejected several times (sep-dec 2017),...

Hi Strat

First thank you for explanation. Sorry about used terms, but as I read old thread, I automatic think in that terminology - when i send post I did reread it and see that myself - beginers mistake and as I now that I must start to think, write and read in the right way, I do my best in future.

But somewhere in the old posts I must pick up, that you use cross of Start shadow as confimation of new trend, or am I wrong ?

Sorry for wrong desciption fot trading on H4 TF, I now you said manny times to trade on entry TF.

Thanks again
  • #2,383
  • Edited 11:23am Feb 19, 2018 9:59am | Edited 11:23am
EURNZD

Quoting okoso
{quote} Hi Strat, On EURNZD, I have 2 valid WCCs, a WCC within a WCC and what is significant to me is the lows of the two are almost at the same place making it strong support. But my analysis says the chances are high that price breaks the lows of these WCCs. On BB, we have December BEEB, although swing high on BB is not confirmed yet I think the immediate trend is down, at least indecision. On B, we have 2 WCCs, one from December controlling the price for 10th week (including current week) and another WCC controlling price for 3rd week. Candle...
On EURNZD, I have 2 valid WCCs,

No you don't! A Weekly Control Candle is in CONTROL until there is a CLOSE beyond its high or low

But my analysis says the chances are high that price breaks the lows of these WCCs.

What good is a "chance"? We can't trade "chances". More important is that you are PROGRAMMING your trading brain to look for a short trade. Stay NEUTRAL and EXPECT the UNEXPECTED and WAIT for the Big Boys to make their move so that we can FOLLOW in their footsteps. NEVER try to lead the Big Boys - they will eat you for breakfast and spit you out in little pieces!

On BB, we have December BEEB, although swing high on BB is not confirmed yet I think the immediate trend is down, at least indecision.

On my Big Boss, I have a LOW followed by a HIGHER LOW - you should focus on what that is telling you.

On B, but PRICE is sitting at strong support

This is the ONLY part you got right on the Boss analysis.

The picture on W confirms bearish tone I have drawn from BB and B as we have the structure change with first LL printed on 11 Jan which later confirmed by LH of 05 Feb. So I should be expecting another LL?

PRICE is TRAPPED inside the Weekly Control Candle and will WHIZ UP and DOWN at the whims of the Big Boys UNTIL they decide where they want to take PRICE.

My apologies, if my thinking is completely wrong

No need to apologise. The ONLY way to learn is by DOING

I am just trying to have your feedback so that I can learn by getting involved.

You can't get involved/focus on PASR until you FOCUS on PASR and get all the other trading garbage OUT of your system

Have you been added to the "69" list yet?
Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,384
  • Feb 19, 2018 10:04am Feb 19, 2018 10:04am
EURUSD M5

Quoting Hugo55
{quote} {image}
I hope you are paper trading otherwise you will BLOW your account BEFORE you even BEGIN to UNDERSTAND my M5 PASR trend trading strategy!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,385
  • Edited 11:21am Feb 19, 2018 10:10am | Edited 11:21am
GBPAUD M5

Quoting catalin_eros
Hi, guys! I decided to try again M5 trading, but the marked slammed the one trade I took today in my face. I entered on GA, and I added a new position afterwards. I lost 19 pips on the first entry and 39 pips on the add on entry. Since I know I am one of the worst M5 traders ever, I'd like to know what was wrong with it, because I entered thinking I followed the rules: H4 and H1 S/R, waiting for price to clear the low on London and then I entered on retrace ( I like pullbacks more than breakouts). The entry was according to Strat Shadow. Perhaps...
I decided to try again M5 trading, but the market slammed the one trade I took today in my face

GOOD! That's exactly what you get when you don't FOCUS on ONE STRATEGY and instead are POISONED by thread hopping!

Yomi (fxrabbi) has given you some very good reasons and advice. I don't waste my time on THREAD HOPPERS!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,386
  • Feb 19, 2018 10:13am Feb 19, 2018 10:13am
EURUSD M5

Quoting Hugo55
{quote} {image} Got stopped out, in hindsight I could have taken half position +13 pips and brought the other half to BE.
Got stopped out

That's what happens when you don't have a clue what you are doing!

See post 2384
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,387
  • Edited 4:34pm Feb 19, 2018 10:25am | Edited 4:34pm
GBPJPY and GBPUSD M5

Quoting bistolis
2 more shorts for the day GJ almost there {image} EDIT: closed for 15 and GU closed for 40. since it is paper trading I could consider partial and let the rest run. {image}
GJ almost there

Almost where? You will LOSE money if you continue to WAIT for your targets being reached. Targets are exactly that ""TARGETS"" - something YOU created - the Big Boys do NOT care where YOUR targets are - they have THEIR OWN - that is why we watch and trade PASR.

EXIT and TAKE PROFIT at PASR!

GU closed for 40. since it is paper trading I could consider partial and let the rest run.

Good that you are PAPER TRADING. Exactly where will ""the rest run""? PRICE is at SUPPORT!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,388
  • Feb 19, 2018 10:26am Feb 19, 2018 10:26am
Quoting strat
GBPJPY and GBPUSD M5 {quote} GJ almost there Almost where? You will LOSE money if you continue to WAIT for your targets being reached. Targets are exactly that ""TARGETS"" - something YOU created - the Big Boys do NOT care where your targets are. EXIT and TAKE PROFIT at PASR! GU closed for 40. since it is paper trading I could consider partial and let the rest run. Good that you are PAPER TRADING. Exactly where will ""the rest run""? PRICE is at SUPPORT!
noted. thank you
  • #2,389
  • Feb 19, 2018 10:30am Feb 19, 2018 10:30am
GBPUSD M5

Quoting darko2010
Short GU for +26 pips I could (should?) have entered much sooner, but I didn't want to sell into support {image}
That's OK - you are just trading CONSERVATIVELY which ALL new M5 traders SHOULD do.

Again, your entry is the LOWEST RISK, STRESS FREE trade.

WAIT until you have gained a lot more experience BEFORE considering earlier entries.

Good job, Clouseau!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,390
  • Edited 11:20am Feb 19, 2018 10:34am | Edited 11:20am
GBPNZD M5

Quoting bistolis
{quote} I prefer to enter after a pullback, so my entry is abit sooner edit: stalking GBPNZD for an entry on M15 / M5 {image}
stalking GBPNZD for an entry on M15 / M5

WHAT! I took one glance at this MESS and ran like HELL to my next pair!

I would not touch this with YOUR 10 foot barge pole!

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 63 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,391
  • Feb 19, 2018 10:47am Feb 19, 2018 10:47am
Quoting strat
GBPUSD M5 {quote} That's OK - you are just trading CONSERVATIVELY which ALL new M5 traders SHOULD do. Again, your entry is the LOWEST RISK, STRESS FREE trade. WAIT until you have gained a lot more experience BEFORE considering earlier entries. Good job, Clouseau!
Thanks Chief Inspector
  • #2,392
  • Feb 19, 2018 10:50am Feb 19, 2018 10:50am
M5

Quoting Pixlab
{quote} I'm trying to understand something, I'm a London trader so, for GBP/JPY following the strategy of Strat, the majority of the London session was bearish so it would have had to not take the trade for New York? Because New York did not follow the London trend
Mon ami (practicing my High School French!), you are confusing PASR Trend Trading with MY PASR Trend Trading strategy. My particular M5 strategy is due to my circumstances - I am asleep during London and opening New York trading so I only trade M5 when New York CONTINUES the trend set by London.

If you are trading London, then you trend trade M5 as any other time frame. Check out the attached EURUSD Worker chart for PASR Trend Trading entries. Since PRICE charts are FRACTAL, PASR can be, and IS, traded on ANY time frame. The numbers in blue are entries.

If you can also trade New York then you will be able to retire earlier!

Please confirm you UNDERSTAND.

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 56 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,393
  • Feb 19, 2018 11:09am Feb 19, 2018 11:09am
PASR

Quoting sseti
{quote} Hi Strat First thank you for explanation. Sorry about used terms, but as I read old thread, I automatic think in that terminology - when i send post I did reread it and see that myself - beginers mistake and as I now that I must start to think, write and read in the right way, I do my best in future. But somewhere in the old posts I must pick up, that you use cross of Start shadow as confimation of new trend, or am I wrong ? Sorry for wrong desciption fot trading on H4 TF, I now you said manny times to trade on entry TF. Thanks again
Yes, the Strat Shadow changing polarity is an indication of a trend change. We need CONFIRMATION of trend change across all 3 of our time frames to LOAD up on positions - otherwise it is SWING trading.

Sorry about used terms, Sorry for wrong description

Don't worry or be sorry, its probably in the translation. You non English speaking guys have my utmost respect for trying to learn something in a foreign language.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,394
  • Edited 11:33am Feb 19, 2018 11:18am | Edited 11:33am
PASR

Quoting nimtrader
made it to page 11 looks like I'm off to your old thread as all those 5 min charts without any explanation just were confusing esp with the context of the thread (posts before and after)around them missing
Do NOT ignore M5 posts as they contain VALUABLE PASR trading information which, because PRICE charts are FRACTAL, is applicable to the Worker (Daily) and ANY other time frame.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,395
  • Feb 19, 2018 11:31am Feb 19, 2018 11:31am
M5 trogger????????

Quoting bistolis
{quote} I think so. For my trades though I am trying to apply basic PASR Trogger I believe would have loved to trade every top and bottom today during London
Trogger I believe would have loved to trade every top and bottom today during London

Just wait while Wild Thing comes on line - he will let you have BOTH BARRELS!

Hint - Wild Thing does NOT trade M5. Wild Thing does NOT trade tops and bottoms - he trades MAJOR swings at MAJOR support and resistance.

Good luck - you may need to keep a handkerchief handy.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,396
  • Feb 19, 2018 11:47am Feb 19, 2018 11:47am
Quoting strat
GBPAUD M5 {quote} I decided to try again M5 trading, but the market slammed the one trade I took today in my face GOOD! That's exactly what you get when you don't FOCUS on ONE STRATEGY and instead are POISONED by thread hopping! Yomi (fxrabbi) has given you some very good reasons and advice. I don't waste my time on THREAD HOPPERS!
Do not jump (or should I say hop?) to conclusions.

First of all, I still visit what you call 'the comedy thread', because that is where I learned a few things about trading that I did not know at that time. Since I have been sticking with that thread for a few a years now. that makes me a non-hopper.

Secondly, I was automatically subscribed to Guido's thread, after congratulating him for opening his own thread. And if I hadn't been automatically subscribed, I would have definitely subscribed manually, because there is nothing wrong in showing respect to a good trader and also to a good friend, the first friend I had here, on FF. I have always respected valuable persons and valuable threads, and this is the reason I am here, there is great value on each of these pages.

As you can see, I am glued here, and you can't make me hop away.
  • #2,397
  • Feb 19, 2018 12:15pm Feb 19, 2018 12:15pm
PASR

Quoting catalin_eros
{quote} Do not jump (or should I say hop?) to conclusions. First of all, I still visit what you call 'the comedy thread', because that is where I learned a few things about trading that I did not know at that time. Since I have been sticking with that thread for a few a years now. that makes me a non-hopper. Secondly, I was automatically subscribed to Guido's thread, after congratulating him for opening his own thread. And if I hadn't been automatically subscribed, I would have definitely subscribed manually, because there is nothing wrong...
You are FREE to THREAD HOP as much as you like, as is anyone on this Forum.

However, MY TIME between trading and answering these posts is VERY VALUABLE especially now that there are a new generation of ""wannabee traders"" on FF so I choose to ONLY work with those who are SERIOUS and GENUINE in learning PASR so that they can become CONSISTENTLY PROFITABLE to TRADE FOR A LIVING.

All others who THREAD HOP are either searching for the HOLY GRAIL or are rank amateurs who merely treat trading as a hobby or have nothing better to do with their time.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,398
  • Edited 12:48pm Feb 19, 2018 12:35pm | Edited 12:48pm
Hey Strat for a guy from California your pretty uptight. I thought Californians were a laid back bunch. You laid out a strategy what do you care if they follow just be concerned about making money
  • #2,399
  • Feb 19, 2018 2:07pm Feb 19, 2018 2:07pm
Quoting strat
M5 {quote} Mon ami (practicing my High School French!), you are confusing PASR Trend Trading with MY PASR Trend Trading strategy. My particular M5 strategy is due to my circumstances - I am asleep during London and opening New York trading so I only trade M5 when New York CONTINUES the trend set by London. If you are trading London, then you trend trade M5 as any other time frame. Check out the attached EURUSD Worker chart for PASR Trend Trading entries. Since PRICE charts are FRACTAL, PASR can be, and IS, traded on ANY time frame. The numbers in...
First of all thank you for your answer, to be sure to understand and to be on the right path, I will make a little recap.

First of all I understood that the best M5 configurations looked like saw teeth.

Then, for me, French trader, I trade on the London and New York session even though New York is not in the same direction as London I can take the trade.
Here's what I do before I take a trade:

1 – I place the resistances H4/H1/M15

2 – Watch or find price on higher time (H1 & M15) See maybe H4 for the big Boss that is to say have the big picture.

3 – Take a trade on M5 near the 20 ema, or after breaking a resistance with price action (candle BEEB, BUEB, inverted hammer).

(4) – Use of PASR in higher times example: an inverted hammer in a downward trend on H1, M30 or M15 may be an element to take into account to take a trade on M5, the probability is stronger.

Ps: I'm not sure about the number 4, thanks for enlightening me.

Pixlab, your French pupil.
  • #2,400
  • Feb 19, 2018 4:11pm Feb 19, 2018 4:11pm
M5

Quoting Pixlab
{quote} First of all thank you for your answer, to be sure to understand and to be on the right path, I will make a little recap. First of all I understood that the best M5 configurations looked like saw teeth. Then, for me, French trader, I trade on the London and New York session even though New York is not in the same direction as London I can take the trade. Here's what I do before I take a trade: 1 – I place the resistances H4/H1/M15 2 – Watch or find price on higher time (H1 & M15) See maybe H4 for the big Boss that is to say have the big...
First of all I understood that the best M5 configurations looked like saw teeth.

Correct. NOT like the GBPNZD mess on post 2390

Watch or find price on higher time (H1 & M15) See maybe H4 for the big Boss that is to say have the big picture.

NO! Look at M5 chart and ask "Is PRICE in a trend?" If it is, ADD support and resistance levels from H4 and H1 and ENTER on a PULLBACK to that trend.

Use of PASR in higher times example: an inverted hammer in a downward trend on H1, M30 or M15 may be an element to take into account to take a trade on M5, the probability is stronger.

NO! WATCH and TRADE M5 - READ, LEARN and UNDERSTAND PASR TREND TRADING and how PRICE reacts to the Strat Shadow.
15 YEARS OF PASR ON FOREX FACTORY!
1 trader viewing now