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Strat's PASR Long Term, Stress Free Trading

  • #2,821
  • Mar 5, 2018 10:31pm Mar 5, 2018 10:31pm
Quoting strat
EURCAD PRICE reaching for BRN 1.6 {image}

As easy as 1 - 2 - 3!!!

1. Strat TELLS you where it's (probably) going. (I know, I know, something of a miracle in itself)

2. You pull up the BOSS (say, have I mentioned the importance of Higher Time Frames before?)

Attached Image (click to enlarge)
Click to Enlarge Name: EURCADproWeekly.png Size: 36 KB


You note the SS we discussed when it formed ( labelled "1" and highlighted in lime).
You note the close of candle marked "2" above the HIGH of candle 1. (you rub your eyes with glee )
3. You note the retracement candle (marked "3" * ) low is 2 pips above the high of candle "1" (you re-rub your already sore eyes with glee- glee- glee ) and then you buy - buy - BUY!

* edit: sorry, the "3" is obscured by the "up" red candle superimposed on the number

Of course, if you are mis-trustful of longer time frames, you could also pull up the BIG BOSS (say, have I mentioned the importance of Higher Time Frames before?) and check to see whether that line I've drwn that candle "1" stopped at and candle "3" retraced to (almost to) the pip, actually is significant?

Well!! Whada'ya know?

Attached Image (click to enlarge)
Click to Enlarge Name: EURCADproMonthly.1.png Size: 39 KB


But Wait!

There's more!!!

Attached Image (click to enlarge)
Click to Enlarge Name: EURCADproMonthly.2.png Size: 34 KB


Dang! Can ya believe that? - All the way back to two thousand and something?

So, hope you weren't all too busy focussing on 5 min charts!
  • #2,822
  • Mar 6, 2018 1:29am Mar 6, 2018 1:29am
Well, bearing in mind the boss close outside the WCC, and the recent up candles on worker, I had a look at the 4hr chart of EUR/AUD when I got home from work. Now, I took this with the aforementioned in mind, and the rejection of the strat shadow. TP is currently set to 1.6060, and I will move to break even with a 4hr close above recent highs.

I've recently posted my analysis of this pair so I'll leave those charts out this time, and yes I do see the entry 15 candles before.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 36 KB
  • #2,823
  • Mar 6, 2018 2:02am Mar 6, 2018 2:02am
I am quite enjoying the M5 charts but there certainly is a lot of screen time involved.

GBPJPY

This was one of two trades I took last night and only closed a few hours back. I am finding that trading the breakout of a higher High seems to result in a good short turn runs which may turn into good pips. It does enable me to get a small stop loss in place.
I need to start adding extra trades on those runs.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ777.png Size: 170 KB
Trading thin liquidity at the boundary of the charts
  • #2,824
  • Edited 2:45am Mar 6, 2018 2:14am | Edited 2:45am
Quoting RickM
I am quite enjoying the M5 charts but there certainly is a lot of screen time involved. GBPJPY This was one of two trades I took last night and only closed a few hours back. I am finding that trading the breakout of a higher High seems to result in a good short turn runs which may turn into good pips. It does enable me to get a small stop loss in place. I need to start adding extra trades on those runs. {image}
I think you are making it all too complicated for yourself
(I didn't understand what you mean in any case)

EDIT: I definitely misunderstood. apologies
  • #2,825
  • Mar 6, 2018 7:05am Mar 6, 2018 7:05am
Quoting strat
GBPUSD {quote} Finally darko! Look at where you are NOW compared to when you first came here, wet behind the ears and jumped in with both feet in a pool filled with sharks. Now, let's see if your DISCIPLINE can keep you on The Path
Exited GU at H4 resistance which also happens to be in confluence with EMA20 of the Daily.
No PA inviting to an exit yet, I know I have to work on that.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-1-heure.png Size: 27 KB
  • #2,826
  • Edited 7:51am Mar 6, 2018 7:32am | Edited 7:51am
Quoting bistolis
{quote} I think you are making it all too complicated for yourself (I didn't understand what you mean in any case) EDIT: I definitely misunderstood. apologies
Hi Bistolis

This is what I mean, trading on breakout of last high.
I find the M5 is great for showing Higher Highs and Higher lows. They are just a safe break out.
Attached Image (click to enlarge)
Click to Enlarge Name: GU212.png Size: 199 KB
Trading thin liquidity at the boundary of the charts
  • #2,827
  • Mar 6, 2018 7:44am Mar 6, 2018 7:44am
GBPJPY over the last two days. M5

I took three trades on the GBPJPY. The first trade gave me 110 pips but the second was a loss of 18 pips. Frankly I deserved to lose that short trade because there was no real sell signal and the market kicked my A.....
Then tonight after a series of higher highs, the pair ran hard again for another 103 pips. I exited trade at the H1 Resistance line.

My biggest fault so far with trading with Strats M5 method is I often enter to early and regret it.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ1.png Size: 261 KB
Trading thin liquidity at the boundary of the charts
  • #2,828
  • Mar 6, 2018 9:28am Mar 6, 2018 9:28am
Hi All,

Taking a trade.

Attached are the charts. GBP CAD
Bigboss: intermediate uptrend in a long term downtrend.
Boss: price has decisively taken an uptrend by breaking the previous HH on 30.4.2017. However price has not closed yet beyond that. Breaking doesn't matter, closing matters.
Worker: price retracing back to the very strong support at 1.78517. on retest of this and with right PASR, I will take a long trade with SL below 150 pips based on ATR. TP1 is 1.8358 (fib 50% on boss). 1:3 RR.

Request your comment/feedback. .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCAD_M.jpg Size: 235 KB
Click to Enlarge Name: GBPCAD_D.jpg Size: 230 KB
Click to Enlarge Name: GBPCAD_W.jpg Size: 249 KB
  • #2,829
  • Mar 6, 2018 9:41am Mar 6, 2018 9:41am
PASR

Quoting Mick1706
Thanks for the encouragement Strat .I appreciate your time and effort trying to educate an ordinary five eight like me who is making his fourth venture into forex over a ten year period. This time I have made a decision to try and learn for myself. I have spent a fair bit on the shovels from the many suppliers. Since I am approaching my third twenty first, I hope there is still time. I have been taking loads of trades on the 5 min and probably know the setups are not the best, but I feel when I am in a trade I am more focused on how the candles...
Since I am approaching my third twenty first, I hope there is still time

Lots of time left and doing this keeps the wheels between your ears turning and helps fight off Old Timer's Disease!

Take your time and ask when you need help.

The trouble and strife's grandfather came from Carrick-on-Suir in County Tipperary, and she has a Welsh cousin living in Rosslare.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,830
  • Mar 6, 2018 9:45am Mar 6, 2018 9:45am
DJI

Quoting HappyTrend
Daily Update Dow Jones Post#2,751: Dow Jones Worker: Sunday open with a GAP Downthat was positive to our projected Trade of Long. The candle ends bullish with the Target of the First Resistance of H4/D1 Because we still are inside of the WCC. {image} Co-Worker: The price try to go down take us with a drawdown... the StopLoss was bellow of the confirmed swing. After a few candles the price went up to our projected direction. {image} **************** Notes: We already are more of the 1:1 RR and now im at Breakeven waiting for the TakeProfit. Questions:...
If we were in uptrend, i mean... if the Weekly were trending up, i should leave my order and take profit to the DASH BLUE LINE (Daily S&R) or Weekly S&R. But we are inside of WCC and is better to take profit in the "Weak" Resistance of H4?

I can't tell you what to do as I don't know your trading style. Had you made a PLAN before entering, you would know where to exit/take profit.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,831
  • Mar 6, 2018 9:52am Mar 6, 2018 9:52am
USDMXN

Quoting HappyTrend
USDMXN Worker: We entry Short as projected at the open market. The price went up testing the highs... the StopLoss is above of the Confirmed Swing at the Top of WCC. The candle ends again in a shooting star. The StopLoss still above of Swing and Target is the first Support of H4 because the WCC. {image} Co-Worker: The last candle close bearish and confirming again the Swing at the top. {image} *********** Notes: Price is holding Resistance and create another Shooting Star for go down. StopLoss and Targets are intacts. Question: Its ok inside of...
Co-Worker: The last candle close bearish and confirming again the Swing at the top.

There is no "Co-Worker" in PASR

Question: Its ok inside of WCC the S&R of H4 (Co-Worker)? And i draw a orange line, that can be the Target of Support H4?

Yes but I can't see an orange line
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,832
  • Edited 11:11am Mar 6, 2018 10:14am | Edited 11:11am
EURCAD 1,147 Stress Free pips

Quoting trogger
{quote} As easy as 1 - 2 - 3!!! 1. Strat TELLS you where it's (probably) going. (I know, I know, something of a miracle in itself) 2. You pull up the BOSS (say, have I mentioned the importance of Higher Time Frames before?) {image} You note the SS we discussed when it formed ( labelled "1" and highlighted in lime). You note the close of candle marked "2" above the HIGH of candle 1. (you rub your eyes with glee ) 3. You note the retracement candle (marked "3" * ) low is 2 pips above the high of candle "1" (you re-rub your already sore eyes with glee-...
Thanks Wild Thing!

UPDATE:

February 14, 2018 post referred to by Wild Thing advising of the BRN 1.6 target
Attached Image (click to enlarge)
Click to Enlarge Name: b.PNG Size: 113 KB


So, PASR traders made 1,147 STRESS FREE pips on this. PRICE kindly gave us notification to take profit - just in case we missed entering our target.

What is there NOT to UNDERSTAND about PASR?
Attached Image (click to enlarge)
Click to Enlarge Name: c.PNG Size: 45 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,833
  • Mar 6, 2018 10:28am Mar 6, 2018 10:28am
EURAUD

Quoting Rub
Well, bearing in mind the boss close outside the WCC, and the recent up candles on worker, I had a look at the 4hr chart of EUR/AUD when I got home from work. Now, I took this with the aforementioned in mind, and the rejection of the strat shadow. TP is currently set to 1.6060, and I will move to break even with a 4hr close above recent highs. I've recently posted my analysis of this pair so I'll leave those charts out this time, and yes I do see the entry 15 candles before. {image}
and the rejection of the strat shadow

Your understanding is UPSIDE DOWN, Rub! The Strat Shadow is SUPPORTING PRICE (not rejecting it!)

This trade was a bit ambitious, Rub since PRICE is at major resistance. August 2015, January 2016 and February 2016 would have prevented me from entering where you entered.

Just because PRICE closes beyond the extremes of a Weekly Control Candle does not mean it is a valid trade - we have to consider other aspects of PASR before entering a trade.

The Shooting Star like doji candle yesterday was the PASR signal to exit/take profit. Do not be rigid and stick to a target - PASR over rules everything

Keep trading and posting - you will get better
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,834
  • Mar 6, 2018 10:35am Mar 6, 2018 10:35am
Quoting strat
USDMXN {quote} Co-Worker: The last candle close bearish and confirming again the Swing at the top. There is no "Co-Worker" in PASR Question: Its ok inside of WCC the S&R of H4 (Co-Worker)? And i draw a orange line, that can be the Target of Support H4? Yes but I can't see an orange line

USDMXN

Sorry, i mean the M1 W1 D1 and H4 for better Entries.

I updated the Chart and yes, i dont know why i upload that picture without the orange line.

**I miss a important support in H4, (focus H4 because the we are inside of WCC), and i draw the line with big orange line.
**The normal orange line was the line that i was refering in my last post. Between that zone i should take profit.

Attached Image (click to enlarge)
Click to Enlarge Name: UPDATE AND CLOSED TRADE USDMXN (240 Minute) 2018_03_06.png Size: 104 KB



Final Notes: I closed the trade because my TP should be in the first big orange line.
  • #2,835
  • Mar 6, 2018 10:50am Mar 6, 2018 10:50am
GBPJPY

Quoting RickM
I am quite enjoying the M5 charts but there certainly is a lot of screen time involved. GBPJPY This was one of two trades I took last night and only closed a few hours back. I am finding that trading the breakout of a higher High seems to result in a good short turn runs which may turn into good pips. It does enable me to get a small stop loss in place. I need to start adding extra trades on those runs. {image}
I am quite enjoying the M5 charts but there certainly is a lot of screen time involved.

Even though I have all day to trade, I only spend 2 hours, maximum 3 hours, on M5 AND, only ""IF"", a pair ""qualifies"" for my M5 PASR Trend Trading strategy. No qualification - NO TRADE! As I have posted previously, studies have shown that trading proficiency deteriorates exponentially after 2 hours glued to the one eyed monster.

breakout of a higher High

Had you read my posts on M5 PASR Trend Trading Strategy and other time frames, you would have known this already.

result in a good short turn runs which may turn into good pips.

If you understood my M5 PASR Trend Trading strategy you would realise how ""amateurish" this is.

It does enable me to get a small stop loss in place

Now there is a revelation!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,836
  • Mar 6, 2018 10:57am Mar 6, 2018 10:57am
GBPUSD

Quoting darko2010
{quote} Exited GU at H4 resistance which also happens to be in confluence with EMA20 of the Daily. No PA inviting to an exit yet, I know I have to work on that. {image}
Good!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,837
  • Mar 6, 2018 11:04am Mar 6, 2018 11:04am
GBPJPY M5

Quoting RickM
GBPJPY over the last two days. M5 I took three trades on the GBPJPY. The first trade gave me 110 pips but the second was a loss of 18 pips. Frankly I deserved to lose that short trade because there was no real sell signal and the market kicked my A..... Then tonight after a series of higher highs, the pair ran hard again for another 103 pips. I exited trade at the H1 Resistance line. My biggest fault so far with trading with Strats M5 method is I often enter to early and regret it. {image}
the second was a loss of 18 pips.

A perfect example of ""looking for a trade"" instead of ""SEEING a trade""

Then tonight

Tonight? You must be LIVING TO TRADE! PASR traders TRADE TO LIVE. Night time is the time for relaxation with a glass or two of red wine and a good (or bad) woman.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,838
  • Mar 6, 2018 11:10am Mar 6, 2018 11:10am
GBPCAD

Quoting BeeCee
Hi All, Taking a trade. Attached are the charts. GBP CAD Bigboss: intermediate uptrend in a long term downtrend. Boss: price has decisively taken an uptrend by breaking the previous HH on 30.4.2017. However price has not closed yet beyond that. Breaking doesn't matter, closing matters. Worker: price retracing back to the very strong support at 1.78517. on retest of this and with right PASR, I will take a long trade with SL below 150 pips based on ATR. TP1 is 1.8358 (fib 50% on boss). 1:3 RR. Request your comment/feedback. . {image} {image} {image}...
Request your comment/feedback

I can't SEE anything because you have too many lines on your charts. You have more lines than the London Underground!

This tells me you did not READ and UNDERSTAND Post 2784
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,839
  • Mar 6, 2018 11:11am Mar 6, 2018 11:11am
Quoting strat
GBPJPY M5 {quote} the second was a loss of 18 pips. A perfect example of ""looking for a trade"" instead of ""SEEING a trade"" Then tonight Tonight? You must be LIVING TO TRADE! PASR traders TRADE TO LIVE. Night time is the time for relaxation with a glass or two of red wine and a good (or bad) woman.



Lol..........
Time always comes before price
  • #2,840
  • Mar 6, 2018 11:15am Mar 6, 2018 11:15am
Night time is the time for relaxation with a glass or two of red wine and a good (or bad) woman.

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