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Strat's PASR Long Term, Stress Free Trading

  • #2,521
  • Feb 22, 2018 3:47pm Feb 22, 2018 3:47pm
Quoting HappyTrend
Hello. -- Im Watching W1 D1 H4 and H1/H4 for entrys. -- Big Width Lines is the Weekly Candle Control -- Medium Width Lines is the Daily Support and Resistances -- Small Width Lines is the H4 Support and Resistances. Entry: W1: We are in Weekly Control Candle *Bearish*. Ranging Mode. Daily: Make a Lower Low in the "Crash" and then Confirmed Swing Lower High and fail to make a new Lower Low. and Creating few days later the Weekly Control Candle. Then the price go Higher in the Resistance Zone and Fail to break it and again confirmed a "new" Lower...

Updated Charts:

H4

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H1

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For example in this Situation that the price is going agaisnt the "Entry", you keep the Order Open until the StopLoss?

I read that the best case if the trade is wrong, is closing it and dont let hit the SL and in fact in ur Charts says. "If Trade is wrong - Get Out"

At what time you consider that the Trade is Wrong? The entry Still is valid? Thank you.
  • #2,522
  • Feb 22, 2018 4:06pm Feb 22, 2018 4:06pm
My bad then, Strat! Please accept my apologies!

Quoting strat
{quote} I like you, Romanian Playboy, and Clouseau
I won't believe it until I see a screenshot of one of your PMs stating it.

As Arnold used to say, 'I'll be back!' I'm off to the old thread again!
  • #2,523
  • Feb 22, 2018 5:08pm Feb 22, 2018 5:08pm
Quoting catalin_eros
My bad then, Strat! Please accept my apologies! {quote} I won't believe it until I see a screenshot of one of your PMs stating it. As Arnold used to say, 'I'll be back!' I'm off to the old thread again!
I don't PM - I learned my lesson on my "old" original thread - I am totally transparent - nothing is hidden and I don't go behind people's backs.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,524
  • Feb 22, 2018 5:09pm Feb 22, 2018 5:09pm
Hi Strat,

I took a short on EURJPY yesterday after NY close since Worker formed a Shooting Star (SS) at resistance.

BB: To me, In uptrend but last month, looked like a doji bar (indecision) and current one is rejecting resistance at 137.00ish

B: Already rejected 137.00 resistance and closed below 20EMA.

W: As I said above SS formed at resistance.

Took half of the position (+70pips) and running on BE.

BB
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B
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Worker
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H4
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I had the chance to enter at H4 so I established a good R:R .
But this is one of the hardest things I come across when I see a setup on the Daily and the R:R is not even 2:1 and I don't have the change to wait for a better one in H4 (working too much lately and not being able to have a look till NY close).
What could it be the problem? Not defining S&R properly? Not being patient enough? Just need experience?

Thanks!

A.
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #2,525
  • Feb 22, 2018 6:08pm Feb 22, 2018 6:08pm
I'm sure that I can take out of this screenshot more than I am at the moment, encapsulating it in a rules based approach would I am sure be useful.
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  • #2,526
  • Feb 22, 2018 6:47pm Feb 22, 2018 6:47pm
Quoting strat
USDJPY, NZDUSD and AUDUSD {quote} USDJPY:While you were lucky to profit THIS TIME - you may not be the next time and the time after that. Think where your account would be now had you not taken profit. Trade With The Trend NOT against it. NZDUSD: Oh dear Rina! Where is your 3 time frame analysis to justify this trade? The Big Boss, Boss and Worker are all trying to test recent highs. There is no PASR on either the Big Boss or Boss to indicate a sell. In any event, on your H4, you failed to SEE that long candle you entered on February 14, 2018 had...


Hi Strat,

Thanks for the reply.
for the NU, honestly, when i see candle "1" i always think that it will reach the support level on 0.68612. i was short on candle 1, make a profit for 1 position on candle 2, but i remember sometimes u called this kind of candle as a doji and not a hammer so, i think it will not reverse and that the price will try to come back south soon. i closed my other position on BE. and always try to re-entry sell, that's why i read the long candle on H4 as a sign to sell.

long story short, u slammed me on my face by few post back when u replied to someone here saying that our trading brain should remain neutral. it's not easy for me, but i'll try to always remember that lesson.

As for AU, yes, i did enter when i see 2 worker dojis (1 is BEOB) on top of WCC.

Best regards,
Rina

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  • #2,527
  • Feb 22, 2018 8:13pm Feb 22, 2018 8:13pm
Quoting HappyTrend
{quote} Updated Charts: H4 {image} H1 {image} For example in this Situation that the price is going agaisnt the "Entry", you keep the Order Open until the StopLoss? I read that the best case if the trade is wrong, is closing it and dont let hit the SL and in fact in ur Charts says. "If Trade is wrong - Get Out" At what time you consider that the Trade is Wrong? The entry Still is valid? Thank you.
You should have taken profit at support.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,528
  • Feb 22, 2018 8:25pm Feb 22, 2018 8:25pm
EURJPY

Quoting Eurotrader17
Hi Strat, I took a short on EURJPY yesterday after NY close since Worker formed a Shooting Star (SS) at resistance. BB: To me, In uptrend but last month, looked like a doji bar (indecision) and current one is rejecting resistance at 137.00ish B: Already rejected 137.00 resistance and closed below 20EMA. W: As I said above SS formed at resistance. Took half of the position (+70pips) and running on BE. BB {image} B {image} Worker {image} H4 {image} I had the chance to enter at H4 so I established a good R:R . But this is one of the hardest things...
Good but PRICE is already at support

The problem is you are selling into support which is why you can't get a better entry on H4 plus that DOWN trend has been going for 12 days

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,529
  • Edited Feb 23, 2018 11:18am Feb 22, 2018 8:43pm | Edited Feb 23, 2018 11:18am
USDJPY

Quoting JackAntigua
I'm sure that I can take out of this screenshot more than I am at the moment, encapsulating it in a rules based approach would I am sure be useful. {image}
I'm sure that I can take out of this screenshot more than I am at the moment

You could - if you could see PRICE!

encapsulating it in a rules based approach would I am sure be useful.

Others before you have tried to put PASR into rules and went from profit to loss. Roger (No1Optimist), tried and tried to put rules together but the harder he tried, the MORE he LOST. PASR is a strategy not a trade by rules system.

Which is more important? - PRICE candles or the crap below them? Your chart has more area for crap than it does for PRICE candles - how do you expect to SEE PRICE ACTION?

You will NEVER learn PASR with the Worker, Boss and Big Boss all on one chart. Doing it like this you can't toggle Big Boss support and resistance levels down to the Boss and then down to the Worker (and H4 if needed)

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,530
  • Feb 22, 2018 8:51pm Feb 22, 2018 8:51pm
Quoting rina53547
{quote} Hi Strat, Thanks for the reply. for the NU, honestly, when i see candle "1" i always think that it will reach the support level on 0.68612. i was short on candle 1, make a profit for 1 position on candle 2, but i remember sometimes u called this kind of candle as a doji and not a hammer so, i think it will not reverse and that the price will try to come back south soon. i closed my other position on BE. and always try to re-entry sell, that's why i read the long candle on H4 as a sign to sell. long story short, u slammed me on my face by...
NZDUSD: for the NU, honestly, when i see candle "1" i always think that it will reach the support level on 0.68612.

It will do "IF" you give it time. PRICE does not move in a straight line but in a series of up and down moves

u replied to someone here saying that our trading brain should remain neutral. it's not easy for me, but i'll try to always remember that lesson.

Nothing is easy when you are learning something new. With practice and experience, you will find this comes naturally.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,531
  • Feb 22, 2018 9:25pm Feb 22, 2018 9:25pm
I guess my demons from my days of quick rich thinking from indicators are still lingering inside. Need to get rid of them.
Anyway, as posted by previous seniors and strat, I am trying to analyse USDJPY

BB: Immediate trend is down with the price currently at the bottom of the strat shadow
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B: Also showing downtrend. Last week closed below the previous WCC and support of 107.939. Last week is the potential WCC depending on how this week candle closes. Previous support of 107.939 turned into resistance as this week rejected that line.
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W: Showing downtrend. A pullback at the the area of resistance of 107.939 and the strat shadow. Formed a swing high after close of yesterday's worker candle.
Entered at the opening of today's candle with the stop loss above the swing high and the target at the bottom support of 105.500. If I wanted a more stress free trade I would enter when the price closes below the support of 105.500.
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i am sorry if this has been a repeat from previous students and seniors and nothing new to add. Or if there were any mistakes.
  • #2,532
  • Feb 22, 2018 11:39pm Feb 22, 2018 11:39pm
Quoting strat
{quote} You should have taken profit at support. {image}

Ok, going back to the Old Thread for see what i miss, i didnt see that Support in there.



EDIT*

Nevermind, studyng and redrawing everything.... look whos there!... *sigh*

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  • #2,533
  • Feb 23, 2018 12:44am Feb 23, 2018 12:44am
Quoting strat
GBPJPY & USDCAD {quote} GBPJPY: Where is your 3 time frame analysis? Although the month is not finished yet, there is a BIG RED BEOB. Have you READ and UNDERSTOOD the Power of Time Frames? Did you UNDERSTAND that PRICE is trapped in a Weekly Control Candle? PRICE is in the RED and below the Strat Shadow. PASR does NOT trade tops and bottoms. {image} USDCAD: Again, Where is your 3 time frame analysis? What is the Big Boss telling you? Did you UNDERSTAND that PRICE is trapped in a Weekly Control Candle? What is the Market Structure of the Boss? Where...
Thank you strat. A big part of why I was happy to find this thread was feedback like this, to know I'm on the right track (or not!) of identifying where I'm going wrong and right. Still slugging away at the old thread slowly, a few pages at a time, let it digest, then a few more.
It's funny, I was just reading something about criticism. Short version was this: even if you hate the source there's no need to react straight away, walk away, think about it and act to improve if it's valid.

Having just read the last couple of pages about lurkers, dumb questions, etc. I think this is appropriate, not so much for that as it just about sums up my learning process so far.
Inserted Video
  • #2,534
  • Feb 23, 2018 1:12am Feb 23, 2018 1:12am
Quoting strat
{quote} You should have taken profit at support. {image}

Then looking to that Support, isnt worth take the short entry because the R:R is bad? Or u would take it and take profit in the next support?
  • #2,535
  • Edited 7:44am Feb 23, 2018 4:17am | Edited 7:44am
GBPAUD

3 Entries closed at resistance

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GBPNZD

Didn't really get going...

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I tend to be spooked when price is in a long continuous trend from Asia, especially with a London open stop run (or do they call it "London Breakout"?!)
I had higher targets and the Strat Shadow is still in play as I write this but I'm happy changing my mindset to collecting profits for now rather than chasing them.
Practice, practice and more practice. No more trading today, back to studying charts for me!

Just a note to anyone looking at my entries, these are real hard right of chart and not always the actual best entries(in hindsight). Study the thread...

I wish you all good luck and good weekend!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #2,536
  • Feb 23, 2018 5:03am Feb 23, 2018 5:03am
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}
Strat, the examples like this are very informative and useful. Thank you.

You exited on A because of inside bar at support. When you re-entered on 4 and added on 5 wasn't it trading into support? I know that trending price breaks through support some time, but were those trades in normal size or smaller? Did you have a plan to exit at that support again if PA occurs?

Thanks.
  • #2,537
  • Feb 23, 2018 8:24am Feb 23, 2018 8:24am
Quoting strat
{quote} Thank you for your reply which shows you are not just the usual lurker. You must understand that on both my threads I have been bombarded with lurkers, know it alls, newbies, wannabees, get rich quickers, more money than sense people who want to give me money to trade for them, and idiots who don't know a pip from a chip! Add to that the short cut idiots who think they can flatter me to give them information. This is my way of weeding out the chaff. I am not going to argue save to repeat what is on Post 1 of this thread. {image} ""IF"" you...
=======

Thanks for your reply Strat; much appreciated.
We were taught all the wrong things in the book and that we realised after we started losing our boots and so a couple of my friends and I decided to do research and to see where we can improve; I for one was not good on higher TFs and thanks to a gentleman "iTrader" I managed to learn a lot about longer TFs and that was until one of my close friends Gerhard, happened upon you and the rest is history as we have ploughed ourselves into your Thread. As you have mentioned before, it is nigh impossible to sit and read the entire thread in one sitting so we are working through it systematically.
I did see your comment at the beginning and I do appreciate the fact that you are prepared to help everyone willing to be a dedicated scholar and that is what you have in us. Gerhard can speak for himself, but I can assure you that although I may not be posting every day, I am serious in becoming a better trader.
So thank you for the promise to carry on teaching; I will be here learning and applying.
Best wishes,
Hercs
  • #2,538
  • Feb 23, 2018 10:10am Feb 23, 2018 10:10am
USDJPY

Quoting kbkm
I guess my demons from my days of quick rich thinking from indicators are still lingering inside. Need to get rid of them. Anyway, as posted by previous seniors and strat, I am trying to analyse USDJPY BB: Immediate trend is down with the price currently at the bottom of the strat shadow {image} B: Also showing downtrend. Last week closed below the previous WCC and support of 107.939. Last week is the potential WCC depending on how this week candle closes. Previous support of 107.939 turned into resistance as this week rejected that line. {image}...
For your information, JPY pairs ONLY have 2 digits after the decimal point.

my demons from my days of quick rich thinking from indicators are still lingering inside. Need to get rid of them.

Unless you get rid of them, you will not be able to progress with PASR. Ask yourself if you are prepared to dedicate 3 years or so to learn PASR and become consistently profitable. If not, go back to Indicator Land and automated junk.

BB: Immediate trend is down with the price currently at the bottom of the strat shadow

Either you have not READ or UNDERSTOOD why we use the Big Boss. We use the Big Boss to get the BIG PICTURE, the birds eye view from 50,000 feet. Look at the Big Boss and ask "where are the Big Boys taking PRICE?"

B: Also showing downtrend. Last week closed below the previous WCC and support of 107.939. Last week is the potential WCC depending on how this week candle closes. Previous support of 107.939 turned into resistance as this week rejected that line.

Good, BUT what you missed is that PRICE is at support

W: Showing downtrend. A pullback at the the area of resistance of 107.939 and the strat shadow. Formed a swing high after close of yesterday's worker candle.
Entered at the opening of today's candle with the stop loss above the swing high and the target at the bottom support of 105.500. If I wanted a more stress free trade I would enter when the price closes below the support of 105.500.

Did you check your RISK to REWARD first?

Why would a trade below 105.50 be ""more stress free?""

Good job BUT you have 7 months where you were fascinated and addicted by indicators and automated junk. The fact that you post JPY prices with 3 digits after the decimal point makes me wonder how serious you were and what were you really doing for 7 months? How long will it be before your addiction rears its ugly head?
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,539
  • Feb 23, 2018 10:14am Feb 23, 2018 10:14am
Quoting HappyTrend
{quote} Ok, going back to the Old Thread for see what i miss, i didnt see that Support in there. EDIT* Nevermind, studyng and redrawing everything.... look whos there!... *sigh* {image}
You REALLY need to read this story and APPLY it:

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,540
  • Feb 23, 2018 10:40am Feb 23, 2018 10:40am
GBPAUD & GBPNZD M5

Quoting BeyondTheSea
GBPAUD 3 Entries closed at resistance {image} GBPNZD Didn't really get going... {image} I tend to be spooked when price is in a long continuous trend from Asia, especially with a London open stop run (or do they call it "London Breakout"?!) I had higher targets and the Strat Shadow is still in play as I write this but I'm happy changing my mindset to collecting profits for now rather than chasing them. Practice, practice and more practice. No more trading today, back to studying charts for me! Just a note to anyone looking at my entries, these are...
Excellent! You have come such a LONG WAY since your 1st post on here.

Had I been trading London on GBPAUD, I would have taken the exact same entries and exit. You can't beat being told by the chart when to exit eh?

Same for GBPNZD

Looks like you will have to trade in your wheel barrow for an oversize truck to take your pips to the bank!
15 YEARS OF PASR ON FOREX FACTORY!
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