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Strat's PASR Long Term, Stress Free Trading

  • #3,001
  • Mar 15, 2018 9:41am Mar 15, 2018 9:41am
Quoting Yoki
{quote} Hey BeeCee, Yes, I see the resistance area you're talking about bit I'm looking at the boss to see it. It's also in line with April of 2015. I think you're right. Waiting for a close above that resistance area around 1.815 on the boss would be would be much better before considering buying. It would also be a close above the high of the SS formed last week. Thanks for helping me see that. The last thing I'm thinking about that's probably worth considering is the relatively far distance price is away from the strat shadow on the boss. We...
You are right. Beware of the rubber band effect. However, we cant control it. Go by the PASR. Boss and big boss and are in sync. So I am confident.

Watchout for other CAD pairs too. USDCAD and NZD CAD are offering opportunities. USDCAD has good R/R if you take a look at the support at 1.30 for your SL. NZDCAD doesn't have a good R/R as per me
  • #3,002
  • Mar 15, 2018 9:47am Mar 15, 2018 9:47am
Quoting BeeCee
{quote} You are right. Beware of the rubber band effect. However, we cant control it. Go by the PASR. Boss and big boss and are in sync. So I am confident.
Exactly my thoughts. Keeps going up until it stops going up
  • #3,003
  • Mar 15, 2018 9:53am Mar 15, 2018 9:53am
GBPAUD M5 PASR TREND TRADING

Took a while to arrive but when it did it ran off fairly quick.
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  • #3,004
  • Mar 15, 2018 9:57am Mar 15, 2018 9:57am
Hi Strat,

In the old thread, you had posted a chart. Posting it again for your reference. I have marked a recent swing with black arrows (You can see the blue candle high exceeding the red candle high). However you had taken the fibs from the previous swing.

Request you to help me understand why you had taken it from there and not from the recent swing.

Thanks
Beecee
Attached Image (click to enlarge)
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  • #3,005
  • Mar 15, 2018 10:02am Mar 15, 2018 10:02am
GBPCAD

Quoting Yoki
{quote} Hey BeeCee, I've had my eye on this pair too. What's stopping me personally from trading it at the moment is the boss SS at weekly resistance. Boss is in an uptrend but I'm going to wait to see if the boss can at least close above the weekly resistance I have before I consider buying. {image}
I'm going to wait to see if the boss can at least close above the weekly resistance I have before I consider buying.

Well done, Yoki - you remembered Rule # 1
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,006
  • Mar 15, 2018 10:06am Mar 15, 2018 10:06am
GBPCAD

Quoting HappyTrend
{quote} I really dont care if i get hit or not... I really care that im doing correct the things. (I put back my SL at breakeven) Can you add any feedback? I already say that my TP is in the next resistance and you answer me that if i think that is going to slice over the RN... Already say that my SL is bellow the doji and ur answer is if i want to get hit... If im thinking and doing those things is because i think im doing the correct things. Can you correct me, please.
Make sure you understand ATR and what it means in the context of trading and setting a Stop Loss.

Have you read the discussion by BeeCee and Yoki on this pair?
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,007
  • Mar 15, 2018 10:13am Mar 15, 2018 10:13am
GBPCAD

Quoting BeeCee
{quote} Hi Yoki, In my worker charts, the High of the last bullish candle day before yesterday coincides with the feint resistance back in June and April 2016. Hence, I will not consider buying until price closes above 1.8150. Remember, stressfree, low risk... I want to take that route. Your feedback pls. Thanks Beecee
See my post to Yoki

In my worker charts, the High of the last bullish candle day before yesterday coincides with the feint resistance back in June and April 2016.

Show me what this is on your chart please.

Hence, I will not consider buying until price closes above 1.8150.

Where PRICE is now, the decision to trade comes from the Boss, not the Worker.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,008
  • Mar 15, 2018 10:22am Mar 15, 2018 10:22am
GBPCAD

Quoting Yoki
{quote} Hey BeeCee, Yes, I see the resistance area you're talking about bit I'm looking at the boss to see it. It's also in line with April of 2015. I think you're right. Waiting for a close above that resistance area around 1.815 on the boss would be would be much better before considering buying. It would also be a close above the high of the SS formed last week. Thanks for helping me see that. The last thing I'm thinking about that's probably worth considering is the relatively far distance price is away from the strat shadow on the boss. We...
Waiting for a close above that resistance area around 1.815 on the boss would be would be much better before considering buying

Well done, Yoki, you really have been reading, learning and understanding The Path!

The last thing I'm thinking about that's probably worth considering is the relatively far distance price is away from the strat shadow on the boss.

You are good! You are following my Mantra:
Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 4 KB


If it does close above that resistance area you mentioned, I'll still be a buyer as long as the boss says so and we get worker PASR

Since CAD is so weak, what will you do if PRICE continues UP without any PASR for entry?
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,009
  • Mar 15, 2018 10:29am Mar 15, 2018 10:29am
EURJPY, EURUSD and NZDUSD M5 PASR Trend Trading

Quoting fxrabbi
M5 PASR Trend Trading: Done for today. Happy Trading, Yomi. {image} {image} {image}
But that's 149.8 pips, Yomi - 24.8 pips MORE than your daily 75 pips profits! That really is "Happy Trading" - well done!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,010
  • Mar 15, 2018 10:44am Mar 15, 2018 10:44am
Quoting strat
GBPCAD {quote} See my post to Yoki In my worker charts, the High of the last bullish candle day before yesterday coincides with the feint resistance back in June and April 2016. Show me what this is on your chart please. Hence, I will not consider buying until price closes above 1.8150. Where PRICE is now, the decision to trade comes from the Boss, not the Worker.
Hi Strat,

Attaching the chart with the worker resistance at 1.8147.

Feedback taken strat. Will look for Boss chart to make a decision on buying.

THanks
Beecee
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  • #3,011
  • Mar 15, 2018 10:46am Mar 15, 2018 10:46am
GBPAUD M5 PASR TREND TRADING

Quoting Mick1706
GBPAUD M5 PASR TREND TRADING Took a while to arrive but when it did it ran off fairly quick. {image}
Well done, Mick! Now that you have confidence and experience, we need to get you to maximise your pip return.

There is an earlier entry at "1" after the Hammer with a 25 pip Stop Loss. Then there are entries at 2, 3 and 4

Your entry above resistance is a conservative one (which is good) but M5 trading is very fluid with good momentum meaning that once the Big Boys have crossed the Strat Shadow in a trend, PRICE will RUN to their next target. Check it out on other M5 trends. Your Stop Loss is ONLY 25 pips which is bread crumbs for a 395 pips PROFIT for a 16 times RISK REWARD.

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #3,012
  • Mar 15, 2018 10:48am Mar 15, 2018 10:48am
Quoting strat
GBPCAD {quote} Waiting for a close above that resistance area around 1.815 on the boss would be would be much better before considering buying Well done, Yoki, you really have been reading, learning and understanding The Path! The last thing I'm thinking about that's probably worth considering is the relatively far distance price is away from the strat shadow on the boss. You are good! You are following my Mantra: {image} If it does close above that resistance area you mentioned, I'll still be a buyer as long as the boss says so and we get worker...
Hey Strat thanks a lot.

As for your question "Since CAD is so weak, what will you do if PRICE continues UP without any PASR for entry?", I'm not entirely sure. But here's my initial thoughts..

If after we get a boss close above resistance and the worker trend is very strong and not likely to show a pullback to or near the strat shadow, I could drop down to the 4hr chart as it has more pullbacks/swings than the worker and look for entries at or near strat shadow support there instead.
  • #3,013
  • Mar 15, 2018 11:10am Mar 15, 2018 11:10am
Quoting strat
GBPCAD {quote} the decision to trade comes from the Boss, not the Worker.
Hi Strat,

May be a silly question. This means, all the shooting stars and hammers that we find is only at a boss level and not at a worker level? Is that the right understanding. For example, couple of days back there was a Shooting star in AUDJPY, which me and Yoki discussed. As per this statement, it is not a signal to do anything, right?

THanks
Beecee
  • #3,014
  • Mar 15, 2018 11:20am Mar 15, 2018 11:20am
USDCAD M5 PASR Trend Trading:



Bonus Trade.
Happy Trading,
Yomi.
Attached Image (click to enlarge)
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Time always comes before price
  • #3,015
  • Mar 15, 2018 11:58am Mar 15, 2018 11:58am
Quoting strat
GBPAUD M5 PASR TREND TRADING {quote} Well done, Mick! Now that you have confidence and experience, we need to get you to maximise your pip return. There is an earlier entry at "1" after the Hammer with a 25 pip Stop Loss. Then there are entries at 2, 3 and 4 Your entry above resistance is a conservative one (which is good) but M5 trading is very fluid with good momentum meaning that once the Big Boys have crossed the Strat Shadow in a trend, PRICE will RUN to their next target. Check it out on other M5 trends. Your Stop Loss is ONLY 25 pips which...
Thanks Strat for the valuable feedback,never saw those earlier entries in real time,was too focused on my resistance line waiting for break.Things can change fast on M5 and charts need updating.Can see the potential with careful analysis.
Points will be taken on board .
  • #3,016
  • Mar 15, 2018 12:01pm Mar 15, 2018 12:01pm
Quoting BeeCee
Hi Strat, In the old thread, you had posted a chart. Posting it again for your reference. I have marked a recent swing with black arrows (You can see the blue candle high exceeding the red candle high). However you had taken the fibs from the previous swing. Request you to help me understand why you had taken it from there and not from the recent swing. Thanks Beecee {image}
This tells me you don't understand swings and the way PRICE moves.

Since this is a Boss chart, the swings are controlled by the Big Boss. I have marked the major Boss swings in green. What you have marked with black arrows and called a "swing" is just the "waves" PRICE makes when it is moving. PRICE moves in IMPULSE WAVES and CORRECTIVE WAVES. The "swing" you have identified is a CORRECTIVE WAVE meaning PRICE is pulling back AGAINST the trend.

On this chart, PRICE is in a DOWN swing so we are looking for ""possible"" fibonacci ratios to be in confluence with PASR to identify the next support. We are not looking to identify turning points within swings or pull backs.

That last DOWN swing has already declared its intent with a High, Low, Lower High and a Lower Low forming. It is also showing an A-B-C formation with A and C being the IMPULSE WAVES and B the CORRECTIVE WAVE. So what would be the point in pulling fibs on a CORRECTIVE WAVE? That does not help us in any way to determine confluence for the end of the major swing down.

One more point; over the years I have found fibonacci to be less important in PASR trading and ONLY use it for confluence.

You must spend more time studying swings and the rhythm of how PRICE moves

Hope this helps

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #3,017
  • Edited 12:23pm Mar 15, 2018 12:03pm | Edited 12:23pm
Quoting BeeCee
{quote} Hi Strat, May be a silly question. This means, all the shooting stars and hammers that we find is only at a boss level and not at a worker level? Is that the right understanding. For example, couple of days back there was a Shooting star in AUDJPY, which me and Yoki discussed. As per this statement, it is not a signal to do anything, right? THanks Beecee
Hey BeeCee,

I hope you or Strat don't mind me attempting answer this since it's directed to him. I don't think it's a sill question. See the chart below (from Strat's other thread)

Attached Image


We look at the boss to see what it's doing. If it's going up (like the left side of the picture) we look for refined entries (pullbacks) on the worker with PASR to get us back into the primary boss trend. This works because the boss tells the worker what to do.

Here's a picture illustrating that from the PDF summary (except the trend is down):

Attached Image (click to enlarge)
Click to Enlarge Name: trends within trends2.PNG Size: 25 KB


Notice how the Boss trend is currently down and the worker is pulling back. We look for PASR on the worker during this worker pullback to the primary boss trend to get us a good entry back into the primary boss trend.

If this doesn't help, I'm sure Strat can answer better or I can try to explain differently
  • #3,018
  • Mar 15, 2018 12:08pm Mar 15, 2018 12:08pm
GBPCAD

Quoting Yoki
{quote} Hey Strat thanks a lot. As for your question "Since CAD is so weak, what will you do if PRICE continues UP without any PASR for entry?", I'm not entirely sure. But here's my initial thoughts.. If after we get a boss close above resistance and the worker trend is very strong and not likely to show a pullback to or near the strat shadow, I could drop down to the 4hr chart as it has more pullbacks/swings than the worker and look for entries at or near strat shadow support there instead.
If after we get a boss close above resistance and the worker trend is very strong and not likely to show a pullback to or near the strat shadow, I could drop down to the 4hr chart as it has more pullbacks/swings than the worker and look for entries at or near strat shadow support there instead.

Very good!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,019
  • Mar 15, 2018 12:27pm Mar 15, 2018 12:27pm
Quoting strat
{quote} This tells me you don't understand swings and the way PRICE moves. Since this is a Boss chart, the swings are controlled by the Big Boss. I have marked the major Boss swings in green. What you have marked with black arrows and called a "swing" is just the "waves" PRICE makes when it is moving. PRICE moves in IMPULSE WAVES and CORRECTIVE WAVES. The "swing" you have identified is a CORRECTIVE WAVE meaning PRICE is pulling back AGAINST the trend. On this chart, PRICE is in a DOWN swing so we are looking for ""possible"" fibonacci ratios to...
This is awesome Strat. Very helpful indeed. Continuing to read the old thread every day. May get refined in the due course.
  • #3,020
  • Mar 15, 2018 12:28pm Mar 15, 2018 12:28pm
Quoting Yoki
{quote} Hey BeeCee, I hope you or Strat don't mind me attempting answer this since it's directed to him. I don't think it's a sill question. See the chart below (from Strat's other thread) {image} We look at the boss to see what it's doing. If it's going up (like the left side of the picture) we look for refined entries (pullbacks) on the worker with PASR to get us back into the primary boss trend. This works because the boss tells the worker what to do. Here's a picture illustrating that from the PDF summary (except the trend is down): {image}...
Again, very helpful Yoki. I learn from you some important tips. It is bang on. Thanks for the post.
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