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Strat's PASR Long Term, Stress Free Trading

  • #2,481
  • Edited Feb 21, 2018 4:44am Feb 20, 2018 11:50pm | Edited Feb 21, 2018 4:44am
Strat, just remember if you tear all your hair out you're not bald. You become a solar powered love machine!

Now I was going to put up my recent trades with my comments on what went on but the attachment buttons are just taking me back to the home page.
Regardless, I too a short in USD/CAD that I shouldn't have bases on R:R, and one of GBP/JPY that's currently going my way got stopped out. More to follow when I can post charts.
  • #2,482
  • Feb 21, 2018 1:25am Feb 21, 2018 1:25am
Quoting strat
Support and Resistance Training. {quote} Determined to learn it no matter however long it takes. That's the attitude, young man, never lose sight of it! First, I want to commend you on READING, LEARNING and UNDERSTANDING PASR as I laid it out on my "old" original thread and on this thread instead of being swayed, like other idiots on here, by the IMMEDIATE RICHES of M5. Well done! You have more chance of success than them! Now onto identification of support and resistance. Big Boss - you have correctly identified support and resistance levels (red)...
Hi Strat,

Thanks for the compliments and for the charts.

I studied your charts. I tried to follow those in the attached charts.

1. I have mostly taken the low/high of the bars (swing low/swing high) to be more specific rather than 'the open/close' to find S/R.
2. I have also identified areas where the support acts resistance as per history data and taken those only.(I have not considered 2.22750 area in the D1 chart for this reason. Price has changed there only once).
3. The area most likely is a trend changer.
4. I have also tried to find areas where the price has stalled beyond its behaviour and taken those into consideration too.

Please let me know if I am missing something in my analysis.
Attached Image(s) (click to enlarge)
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  • #2,483
  • Feb 21, 2018 2:00am Feb 21, 2018 2:00am
USDJPY (Daily, no M5 )

BB and B look bearish to me, both show a downtrend.
Nevertheless when I saw the hammer at 16.02. (Worker) that almost hit my support at the low I decided to wait and enter the trade when the following day ends also bullish. Knowing that this is a countertrend trade I took it and added one position on on the way up.
Reason for doing so, is to try to use swings for my trading more and more.

Strat:
I am still practicing with small lots sizes, but feel much more comfortable with my trades than months ago. Don’t worry, I don’t think that I could walk on water.
But as it is my third month in the row with a profit I know that this is the right way. I am also much more patient and don’t take “any” trade, guess that is also one part of the formula of success.
Thanks again for you great support here in the forum! Appreciate your time and knowledge you offer up here!

Attached Image (click to enlarge)
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  • #2,484
  • Feb 21, 2018 5:43am Feb 21, 2018 5:43am
Good day all.
Reviewing the USDJPY pair.
Big Boss: It has been ranging within a wedge in recent months with a current bearish bias while respecting an upward TL, drawn from June 1st, 2016 to the current month bearish bar.
Boss: Almost same outlook as the big boss although so far this week a bullish inside bar appears to be testing the upward TL drawn from June 19th, 2016 to the current week bullish bar.
Worker: The worker clearly has been on a bearish downward bias from the beginning of this year as directed by the boss and big boss.
The 20 MA currently below the 72MA is confirming this downward trend. Last week however closed with a hammer almost at a major Support level which has pushed price on a bullish run so far this week. We cannot forget that the general trend has been on the downward side, and that this bullish counter trend has a Resistance level of a 108.237ish level ahead of it to contend with. While we wait to see where today's bar closes, i choose to sit on my hands until PA deals us the clear PASR hand that is as good as an ATM trade, to continue.

NB. The firewall on my office laptop is not allowing me upload my charts.

Thank you
Emeka
  • #2,485
  • Feb 21, 2018 7:52am Feb 21, 2018 7:52am
Good morning Strat,

Attached for your kind perusal and comment is the GBPJPY-H4 chart with 2 Brown rectangles and a Triangle in Blue to select the Control Candle on H-4.

Let me start at the bottom where I selected the first CCandle for your comment plse.
Second Candle is the Green one with a marker on it and
finally the Blue Triangle - this candle opened at the close of the previous candle, but closed higher by a few pips. Does that qualify that candle as the next CC ?

Would appreciate hearing from you at your convenience.

Continued success.
PS, sorry had difficulty in loading the correct screen-print, will try again.
Attached Image (click to enlarge)
Click to Enlarge Name: Strat H-4 re WCC today 21 Feb 2018.PNG Size: 40 KB
Hercs
  • #2,486
  • Edited 11:30am Feb 21, 2018 9:18am | Edited 11:30am
PASR

Quoting BeeCee
{quote} Hi Strat, Thanks for the compliments and for the charts. I studied your charts. I tried to follow those in the attached charts. 1. I have mostly taken the low/high of the bars (swing low/swing high) to be more specific rather than 'the open/close' to find S/R. 2. I have also identified areas where the support acts resistance as per history data and taken those only.(I have not considered 2.22750 area in the D1 chart for this reason. Price has changed there only once). 3. The area most likely is a trend changer. 4. I have also tried to find...
Doing good. Onto the next step
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,487
  • Feb 21, 2018 9:29am Feb 21, 2018 9:29am
Quoting strat
PASR {quote} Doing good. Onto the next step
Thanks, strat. Biggest hurdle crossed. Will post chart analysis going forward.
  • #2,488
  • Edited 10:16am Feb 21, 2018 9:35am | Edited 10:16am
USDJPY

Quoting Malu
USDJPY (Daily, no M5 ) BB and B look bearish to me, both show a downtrend. Nevertheless when I saw the hammer at 16.02. (Worker) that almost hit my support at the low I decided to wait and enter the trade when the following day ends also bullish. Knowing that this is a countertrend trade I took it and added one position on on the way up. Reason for doing so, is to try to use swings for my trading more and more. Strat: I am still practicing with small lots sizes, but feel much more comfortable with my trades than months ago. Don’t worry, I...
I am still practicing with small lots sizes, but feel much more comfortable with my trades than months ago. But as it is my third month in the row with a profit I know that this is the right way. I am also much more patient and don’t take “any” trade, guess that is also one part of the formula of success

Well done! Your common sense, "slowly does it" approach is working well for you.

Knowing that this is a counter trend trade I took it and added one position on on the way up.

Make sure you Take Profit BEFORE the DOWN trend resumes

try to use swings for my trading more and more

If you are Swing Trading the Worker THEN you follow the swings on the Boss.

Try posting more - you are an inspiration to others.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,489
  • Feb 21, 2018 9:46am Feb 21, 2018 9:46am
Quoting strat
Make sure you Take Profit BEFORE the DOWN trend resumes try to use swings for my trading more and more If you are Swing Trading the Worker THEN you follow the swings on the Boss. Try posting more - you are inspiration to others.
My target was hit this morning. So I am out and can have a look for good entries on the way down.

Thanks for the advice. Will have a look at the swings of the Boss. Good point.

Also thanks for the compliment, much appreciated.
Will try to post more in the future, even if I don’t take a trade every day. But I agree that’s is the best way for all of us to improve. So I don’t have a problem to post my bad trades too.
  • #2,490
  • Feb 21, 2018 10:15am Feb 21, 2018 10:15am
USDJPY

Quoting 2hpriest
Good day all. Reviewing the USDJPY pair. Big Boss: It has been ranging within a wedge in recent months with a current bearish bias while respecting an upward TL, drawn from June 1st, 2016 to the current month bearish bar. Boss: Almost same outlook as the big boss although so far this week a bullish inside bar appears to be testing the upward TL drawn from June 19th, 2016 to the current week bullish bar. Worker: The worker clearly has been on a bearish downward bias from the beginning of this year as directed by the boss and big boss. The 20 MA currently...
Very good first time analysis, Emeka, you have learned and understood well.

Just a few corrections:

Big Boss: It has been ranging within a wedge in recent months with a current bearish bias while respecting an upward TL, drawn from June 1st, 2016 to the current month bearish bar.

What is ""It""?

PRICE is King, Queen, Lord and Country - there is nothing more important than PRICE
PRICE has been ranging for 14 months in a 1100 pips parallel range and is NOW testing the bottom (support) of that range

Boss: Almost same outlook as the big boss although so far this week a bullish inside bar appears to be testing the upward TL drawn from June 19th, 2016 to the current week bullish bar.

Forget drawing trend lines on parallel PRICE action - especially 60 weeks of parallel PRICE action. The previous week (red candle) CLOSED below the 59 week range to test the next level of support. This week (currently an inside candle) is again testing that support BUT we cannot make any decisions on this candle until New York closes at 5pm on Friday, February 23, 2018

Worker: The worker clearly has been on a bearish downward bias from the beginning of this year as directed by the boss and big boss.
The 20 MA currently below the 72MA is confirming this downward trend. Last week however closed with a hammer almost at a major Support level which has pushed price on a bullish run so far this week. We cannot forget that the general trend has been on the downward side, and that this bullish counter trend has a Resistance level of a 108.237ish level ahead of it to contend with. While we wait to see where today's bar closes, i choose to sit on my hands until PA deals us the clear PASR hand that is as good as an ATM trade, to continue.

The Worker down trend started on January 15, 2018 when PRICE closed below the Worker range.

The 20 MA currently below the 72MA is confirming this downward trend.

NO! The STRAT SHADOW is CONFIRMING the DOWN trend! Read, Learn and UNDERSTAND the Strat Shadow.

Last week however closed with a hammer ""almost"" at a major Support level

NO! The Hammer closed AT SUPPORT. REMEMBER - support and resistance are AREAS or ZONES and NOT a specific PRICE level.

Resistance level of a 108.237ish level

Use Big Round Number 108

i choose to sit on my hands until PA deals us the clear PASR hand that is as good as an ATM trade, to continue.

"sit on my hands" Looks like you have visited an ""out of this world" thread. There are no hands in PASR. The correct PASR terminology is we WAIT and WATCH to SEE what the Big Boys do and then FOLLOW in their footsteps.

The firewall on my office laptop is not allowing me upload my charts.

Get this fixed so that you can show us what you have got (or bring your PC into your office)

As with Malu, try posting more - you are an inspiration to others.

Well done!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,491
  • Feb 21, 2018 11:02am Feb 21, 2018 11:02am
GBPJPY H4

Quoting Hercs
Good morning Strat, Attached for your kind perusal and comment is the GBPJPY-H4 chart with 2 Brown rectangles and a Triangle in Blue to select the Control Candle on H-4. Let me start at the bottom where I selected the first CCandle for your comment plse. Second Candle is the Green one with a marker on it and finally the Blue Triangle - this candle opened at the close of the previous candle, but closed higher by a few pips. Does that qualify that candle as the next CC ? Would appreciate hearing from you at your convenience. Continued success. PS,...
Good morning!

Hmm, is this a joke or are you taking the p**s?

You have been on FF since January 2006 and are STILL trying to trade your way out of a paper bag.

You have been in and out of more threads than Tommy Lee with Pamela Anderson!

This is a thread for teaching PASR Stress Free, Long Term trades so that students can become CONSISTENTLY PROFITABLE to TRADE FOR A LIVING. The average time to achieve this is 3 years.

The average time you have been on a thread seems to be 3 days! Please kindly advise WHY we should take you seriously.

First, have you read, learned and understood my "old" original thread?https://www.forexfactory.com/showthread.php?t=155459

Second, have you read from Post 1 on this thread?

GBPJPY-H4 chart with 2 Brown rectangles and a Triangle in Blue to select the Control Candle on H-4.

Had you read the threads you would know that there are no control candles on H4.

Thank you for posting
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,492
  • Feb 21, 2018 11:28am Feb 21, 2018 11:28am
USDJPY 985 pips

Quoting 2hpriest
Worker: The worker clearly has been on a bearish downward bias from the beginning of this year as directed by the Boss and Big Boss.
Since Emeka and Malu identified USDJPY here is how PASR traders traded this DOWN leg

(1) is our initial entry
(2) and (3) are add ons
Take Profit at (A) on all or portion of trades
Re-enter on (4)
(5) and (6) are add ons
Take Profit on ALL positions at B

985 pips in 24 STRESS FREE days

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,493
  • Feb 21, 2018 12:01pm Feb 21, 2018 12:01pm
Quoting strat
USDJPY 985 pips {quote} Since Emeka and Malu identified USDJPY here is how PASR traders traded this DOWN leg (1) is our initial entry (2) and (3) are add ons Take Profit at (A) on all or portion of trades Re-enter on (4) (5) and (6) are add ons Take Profit on ALL positions at B 985 pips in 24 STRESS FREE days {image}
Thanks Strat, where your SL would have been on entry 1?
  • #2,494
  • Feb 21, 2018 12:10pm Feb 21, 2018 12:10pm
PASR

Quoting BeeCee
{quote} Thanks, strat. Biggest hurdle crossed. Will post chart analysis going forward.
Biggest hurdle crossed

You will change your mind when your Little People visit you!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,495
  • Feb 21, 2018 12:26pm Feb 21, 2018 12:26pm
USDJPY

Quoting darko2010
{quote} Thanks Strat, where your SL would have been on entry 1?
Entry on H4 has 120 pips STOP LOSS
Attached Image (click to enlarge)
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Entry on Worker has 300 pips STOP LOSS
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,496
  • Feb 21, 2018 12:34pm Feb 21, 2018 12:34pm
Quoting strat
USDCAD M5 {quote} Maybe it is because you have not read the thread?
Hm, no detail seems to escape you.

Quoting strat
USDCAD M5 {quote} Are you holding hands with darko?
As I said above, nothing escapes you. ))))

I took 4 entries today, and although I got only about 10 pips, at least I got the direction correctly, as my buddy said (cough, Ensale, cough). Maybe because of the butt kicks from yesterday?

AN, AU, GA, GU, all shorts.

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I know I exited prematurely, but I won't go into details why, as the reason is not related to trading, I just had to close the trades.

Quoting strat
GBPJPY H4 {quote} Tommy Lee with Pamela Anderson!
P.S.: And here I am, thinking I was the only one watching and re-watching the yacht video.
  • #2,497
  • Feb 21, 2018 12:50pm Feb 21, 2018 12:50pm
Quoting strat
USDJPY {quote} Entry on H4 has 120 pips STOP LOSS {image} Entry on Worker has 300 pips STOP LOSS {image}
Thank you, I understand why they are placed where they are
  • #2,498
  • Feb 21, 2018 12:53pm Feb 21, 2018 12:53pm
AUDNZD 300 pips

I don't trade AUDNZD but those who followed my posts are getting ready to UNLOAD some of their positions and TAKE PROFIT. I know Wild Thing has already taken a wheel barrow full of pips to his bank! He is an UPSIDE DOWN trader and knows more about AUD and NZD currencies than I will ever know.

December 11, 2017 - notification of PRICE at support (bottom) of Weekly Control Candle

Attached Image (click to enlarge)
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February 05, 2018 - PRICE closed below Weekly Control Candle

Attached Image (click to enlarge)
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February 18, 2018 - PRICE moving DOWN to next CONFIRMED swing low

Attached Image (click to enlarge)
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February 21, 2018 PRICE approaching next level of support

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,499
  • Feb 21, 2018 1:06pm Feb 21, 2018 1:06pm
EURJPY

Elliott Waves clearly seen on the BOSS

PASR does not use Elliott Wave theory in its strategy ONLY as a guide.

Elliott Wave Theory is just that - THEORY - PRICE does not always follow the theory which is why it cannot be used in PASR

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,500
  • Feb 21, 2018 3:13pm Feb 21, 2018 3:13pm
Quoting strat
USDJPY {quote} Very good first time analysis, Emeka, you have learned and understood well. Just a few corrections: Big Boss: It has been ranging within a wedge in recent months with a current bearish bias while respecting an upward TL, drawn from June 1st, 2016 to the current month bearish bar. What is ""It""? PRICE is King, Queen, Lord and Country - there is nothing more important than PRICE PRICE has been ranging for 14 months in a 1100 pips parallel range and is NOW testing the bottom (support) of that range Boss: Almost same outlook as the big...
I appreciate your support Coach.
I would have loved to bring my PC to the office so as to attach my charts but that will only bring a sack from the Indians i work for
Will look for a way around this very soon though
I really appreciate you and what this thread is doing for millions of us in learning, understanding and studying Forex trading the PASR Strat stress less way.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 28 KB
.

Back to the Old thread , the Path to knowledge, wisdom and wealth.
Thank you
Emeka
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