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Strat's PASR Long Term, Stress Free Trading

  • #2,581
  • Feb 24, 2018 7:00pm Feb 24, 2018 7:00pm
Quoting bistolis
{quote} hi how did you catch that spike down ? {image}
it was a lot of luck and being in the down move at the right time. Not something I could hope for every time. It was a good day. I was in tune with the market and i caught much of the move back up
too. ... so it was luck, good timing and some market intuition. Nothing to base a trading career on !
If you can wait and not be tired by waiting...
  • #2,582
  • Feb 25, 2018 7:18am Feb 25, 2018 7:18am
Quoting strat
PASR {quote} BB chart is showing a downtrend and indicating the big boys are planning to bring it down. Good And this trade is not ideal because i am selling into support with an unfavorable R:R? Yes on the Worker but you can get better R:R by entering on H4 Why would a trade below 105.50 be ""more stress free?"" You did not answer this
Sorry. I edited my old post to answer this but must have been an error when i submitted.

I saw that price has rejected the support once. Currently in drawback which might retest the support again. The R:R as mentioned is not ideal.
If price breaks that support, the next support is about 180 pips away. Depending on the price action if it breaks, the R:R could be more favourable and no support along the way.

After I re-read my own views, I felt that I was trying to predict the future which I should not do. It may or may not be more stress free depending on the price action.
  • #2,583
  • Feb 25, 2018 7:53am Feb 25, 2018 7:53am
Quoting strat
PASR {quote} Gerhard can speak for himself When will he come out of the woodwork? If you are doing it systematically and logically, you might want to study BeeCee's posts as he is doing exactly that.
======

Thanks Strat, will certainly follow your advise.

BTW, Gerhard is as dedicated as I am, he is just a little shy.

Continued success to you.
Hercs
  • #2,584
  • Feb 25, 2018 9:30am Feb 25, 2018 9:30am
Quoting BeeCee
{quote} Hey strat, You might not believe this. I spent about 20 hours reading these 3 charts. And finally I understood a simple strategy that you follow to draw S/R. Strat, you draw your S/R based on what you see in your chart relative to price (with max zoom out). I am not sure whether you would understand my last sentence. However, thought of communicating this to you. Thanks Beecee
Are you trying to tell me something? If so, I don't know what it is. Please re-phrase and try again
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,585
  • Feb 25, 2018 9:34am Feb 25, 2018 9:34am
PASR

Quoting HappyTrend
{quote} Hello Strat, Those levels are "ALL" the Support and Resistances??? I mean, sorry for asking that but i dont understand it. In there is only the Monthly Levels and we need to draw the Boss and Worker levels right?
Of course. Have you read my posts in https://www.forexfactory.com/showthread.php?t=155459

In there are posts and exercises on identifying and applying support and resistance levels.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,586
  • Edited 10:12am Feb 25, 2018 9:46am | Edited 10:12am
DOW

Quoting darko2010
DOW JONES - The Big Boss is in the process of producing a hammer AT THE TOP of an uptrend, therefore no clear signal there although, such hammers at the end of an uptrend can be the signal of the end of the uptrend. The month is not over, so TO BE CHECKED AT THE END OF NEXT WEEK. - On the Boss, we are trapped in a WCC large enough to consider potential trades on the worker at appropriate S/R levels. - The Worker is currently in an uptrend trying to test the resistance produced by the WCC. I will monitor how the Worker will react to the resistance...
This is good, darko!

A few comments:

There are no hammers at the top of swings - only Shooting Stars. Hammers appear at the bottom of swings.

The month is not over

Good

On the Boss, we are trapped in a WCC large enough to consider potential trades on the worker at appropriate S/R levels

Very good except for ""we"". Who is ""we""?

The Worker is currently in an uptrend trying to test the resistance produced by the WCC.

Even better. Now, put yourself in the position of the Big Boys trading this. What are you doing (as a Big Boy)?

I will monitor how the Worker will react to the resistance in the coming days and act in accordance to PASR

My, how you have grown since you got rid of your M5 fantasies and illusions!

You are well and truly on The Path now, darko!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,587
  • Feb 25, 2018 9:50am Feb 25, 2018 9:50am
PASR

Quoting Rub
{quote} Thanks for the feedback strat. I've been reluctant to jump ahead in the old thread, but think I'll have to re: strat shadow. What is the answer to the question you have to ask on the Big Boss? In identifying support and resistance levels for trading, ALWAYS use the latest, most current levels. I have identified this with my black line. I think the question you're wanting me to ask of the BB is where is price going? I think the answer is up. To where I don't know. Good BUT what is this telling you? Boss is telling me buyers pushed up out...
All good except for the "nearest 50 pips" nonsense. Get this out of your trading brain and JUST identify the support and resistance levels GIVEN to us by the Big Boys. There are several posts in my "old" original thread on these levels and how PRICE reacts to and around them.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,588
  • Edited 10:13am Feb 25, 2018 9:54am | Edited 10:13am
PASR

Quoting kbkm
{quote} Sorry. I edited my old post to answer this but must have been an error when i submitted. I saw that price has rejected the support once. Currently in drawback which might retest the support again. The R:R as mentioned is not ideal. If price breaks that support, the next support is about 180 pips away. Depending on the price action if it breaks, the R:R could be more favourable and no support along the way. After I re-read my own views, I felt that I was trying to predict the future which I should not do. It may or may not be more stress...
After I re-read my own views, I felt that I was trying to predict the future which I should not do. It may or may not be more stress free depending on the price action

The point is: PASR does not care about the future - PASR, and ALL the traders in the world, have NO CONTROL over where PRICE goes in the future.

PASR trades in the HERE and NOW as presented to us by the Big Boys.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,589
  • Edited Feb 26, 2018 9:13am Feb 25, 2018 10:28am | Edited Feb 26, 2018 9:13am
Quoting strat
DOW {quote} Now, put yourself in the position of the Big Boys trading this. What are you doing (as a Big Boy)?
Thanks Strat.
I am not a big boy but I can imagine that, after riding the uptrend train, I try and lure the little guys into buying while I leave the train without leaving too much profit on the table. Therefore, price will probably break the WCC during the week but the Boss will not necessarily close above it. If the Worker gives me a setup confirming this view, I will consider it to entrer short.

I would really appreciate your views on this

EDIT: I feel my analysis is incomplete, so here are a few points to explain my biais:
- On the Big Boss, the low of the highest bar has been broken, creating the conditions of a potential swing high that would have still to be confirmed next month.
- On the Boss, the swing high has been confirmed 2 weeks ago already
  • #2,590
  • Feb 25, 2018 12:44pm Feb 25, 2018 12:44pm
Quoting strat
DOW {quote} This is good, darko! A few comments: There are no hammers at the top of swings - only Shooting Stars. Hammers appear at the bottom of swings. The month is not over Good On the Boss, we are trapped in a WCC large enough to consider potential trades on the worker at appropriate S/R levels Very good except for ""we"". Who is ""we""? The Worker is currently in an uptrend trying to test the resistance produced by the WCC. Even better. Now, put yourself in the position of the Big Boys trading this. What are you doing (as a Big Boy)? I will...

I want to try answer this:

1) The Month is not over but the price go down and then is rejecting everything and going up again. We have few days after the close of the candle, but now current candle is inside of the last candle. Dow Jones still have Buyers.

2) In the WCC Strat Shadow is showing buyers, going to the Strat Shadow and then close at ema support. Next Weekly Candle is holding the support and close bullish inside of the WCC. Then again sellers try to push down but was rejecting by the support.

3) In the Daily is going up to test the top of WCC. If in the Week i see that a Daily Candle close above of the WCC, for me is not a break of WCC because we need to see a Weekly Candle close above if it and not the daily.
  • #2,591
  • Feb 26, 2018 1:55am Feb 26, 2018 1:55am
USDCAD

BB: Strat shadow still on green, so buyers are still in control. But since 2016 market moved sideways, see also the slope of the EMAs.

B: market in a down-move. Sellers are in control since mid of 2016. Price never crossed the 20 EMA and couldn’t cross the levels around 1,2916 (a few tests of that R). Knowing this I would just enter the market from the sell side.
Price is now trapped in a WCC for the third week.

W: doji at 22.02. showed me indecision , but the candle one day later was a BEEB at resistance (WCC and SR line) what showed me a good setup.

BB:
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B:
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W:
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  • #2,592
  • Feb 26, 2018 4:53am Feb 26, 2018 4:53am
Hi Strat

Will I have been following and using all your concepts on PASR trading for over 4 years now and thought it was about time to say Hi.
Let me do this by posting today's chart on GBPCAD M5. A great trend for a while but we are getting close to resistance so I will see how price action reacts to this zone soon.
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Trading thin liquidity at the boundary of the charts
  • #2,593
  • Feb 26, 2018 5:19am Feb 26, 2018 5:19am
GBPAUD M5

Monthy - Weekly - Daily are all Green so I have being Buying all dips on the H4 within Strats Shadow.
On this trade, of course there is no Bias used but a nice move up and over the 200EMA will do just nice for a Buy trade for me.
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Trading thin liquidity at the boundary of the charts
  • #2,594
  • Feb 26, 2018 5:24am Feb 26, 2018 5:24am
hello all
its good to see u back strat ive been away for quite sometime too for personal issues
will try my best to follow up with all of u too folks
Senior Trader Multi-Account Manager
  • #2,595
  • Feb 26, 2018 5:27am Feb 26, 2018 5:27am
On that last GBPAUD trade, looks like the Big Boys took some stop losses out on that spike to allow for a uphill run.
That's just how I saw it and why I took a Buy Trade.
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Trading thin liquidity at the boundary of the charts
  • #2,596
  • Feb 26, 2018 5:32am Feb 26, 2018 5:32am
Quoting RickM
On that last GBPAUD trade, looks like the Big Boys took some stop losses out on that spike to allow for a uphill run. That's just how I saw it and why I took a Buy Trade. {image}
if u r long on that u may wanna watch out this level now it need to be broken for more momentum to move higher
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Senior Trader Multi-Account Manager
  • #2,597
  • Feb 26, 2018 5:35am Feb 26, 2018 5:35am
GBPCAD M5 PASR Trend Trading:


Took 2 trades:

1. The 1st one hit TP =25pips.

2. The second trades, I couldn't wait for it to hit TP of 50pips, so I manually exit it with profit, having sighted resistance ahead.


NB: I knew Strat will expect me to do some add-on after my 1st 2 trades, but I didn't do that because I still have one trade still on.




Happy Trading,
Yomi.
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Time always comes before price
  • #2,598
  • Feb 26, 2018 6:19am Feb 26, 2018 6:19am
Quoting lorix
{quote} if u r long on that u may wanna watch out this level now it need to be broken for more momentum to move higher {image}
Hi Lorix

I just closed the GBPAUD trade because it was a M5 trade and its failed to make a higher high. I am also still trading this pair on a second account under H4 rules.
But I will be keeping a close eye on this second trade tonight.

Cheers
Trading thin liquidity at the boundary of the charts
  • #2,599
  • Feb 26, 2018 6:38am Feb 26, 2018 6:38am
This was how I closed my M5 Chart on the GBPAUD.
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Trading thin liquidity at the boundary of the charts
  • #2,600
  • Feb 26, 2018 8:55am Feb 26, 2018 8:55am
M5

A bit late to the charts today but still some good trades.

GBPJPY

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GBPNZD

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