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Strat's PASR Long Term, Stress Free Trading

  • #3,021
  • Mar 15, 2018 12:31pm Mar 15, 2018 12:31pm
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
Yoki has given you an excellent answer already (thank you, Yoki) but here is a little more.

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

No, definitely not! You are taking things literally instead of THINKING like those who are making PRICE move - the Big Boys. Every candle on every chart, no matter what the time frame is, is IMPORTANT and means something.

So what are Shooting Stars and Hammers on the Worker telling us?

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?

By making this statement you have COMPLETELY forgotten about The Power of Time Frames and also, WEEKLY CONTROL CANDLES. You must go back and study but more important, UNDERSTAND them.

Yoki has posted the chart from my Power of Time Frames - make sure you UNDERSTAND it and make sure you KNOW who is controlling who.

Now, forgetting the PRICE action after the AUDJPY Shooting Star on the Worker, what is that telling you?

Here is another Worker situation - what is that telling you?
Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,022
  • Mar 15, 2018 12:41pm Mar 15, 2018 12:41pm
USDCAD M5 PASR Trend Trading

Quoting fxrabbi
USDCAD M5 PASR Trend Trading: Bonus Trade. Happy Trading, Yomi. {image}
What? Another 52.5 pips on top of your already 149.8 pips - that is 202.3 pips for today! There is no stopping you, Yomi!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,023
  • Mar 15, 2018 12:52pm Mar 15, 2018 12:52pm
M5 PASR TREND TRADING

Quoting Mick1706
{quote} 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 .
never saw those earlier entries in real time

Trading at the MOVING HARD RIGHT EDGE is difficult at first but after you have the experience and confidence in M5 PASR TREND TRADING, it gets easier AND simpler - just ask Yomi!

was too focused on my resistance line waiting for break

That's OK, it is just you needing extra confidence. Make sure you understand the Strat Shadow in these trend conditions. When you have done this many times, you will SEE that you are giving away too many pips and will take those earlier entries, after all, the Stop Loss is so small compared to the PROFIT.

Things can change fast on M5

Go back and read my M1 Boot Camp and then paper trade M1 for a while. Then, when you are consistently profitable on M1, go back to trading M5 and you will find how SLOW it is!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,024
  • Edited 1:59pm Mar 15, 2018 1:04pm | Edited 1:59pm
Quoting strat
USDCAD M5 PASR Trend Trading {quote} What? Another 52.5 pips on top of your already 149.8 pips - that is 202.3 pips for today! There is no stopping you, Yomi!

I'm a student of PASR Trend Trading......

The more I'm sitting live at the MOVING HARD RIGHT EDGE, where PRICE is jumping up and down, and showing TOOTH BLADE STRUCTURES WITH CONVERGING/DIVERGING STRAT SHADOW, then I know its time to prepare to go to the Bank, because I do KNOW that PASR Trend Trading is MONEY IN THE BANK.





Happy Trading,
Yomi.
Time always comes before price
  • #3,025
  • Mar 15, 2018 2:22pm Mar 15, 2018 2:22pm
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}...
Yoki . thanks for this
Strat, the first picture posted by yoki is exactly how i view a cycle(B and BB) and play the smaller cycles in worker and below.
where I think PASR will help me I think is to look at PA at those pullback levels and take the trade. I don't want this thread to be a discussion of cycle.
but you can see why I'm excited about this thread and learn this stuff
Thanks
  • #3,026
  • Mar 16, 2018 12:39am Mar 16, 2018 12:39am
Hello everyone again,

I really enjoy seeing other members of this thread sharing their knowledge. This week I took AUD/USD and AUD/JPY shorts.

AUD/JPY: I saw the price reacting at the 84 level, which was not strange at all, as it was a pullback in the downtrend, which I also used to my advantage last week. I considered this resistance strong, as it was the WCC top, EMA 20 and near a Boss resistance level. Entered from a 4 hr chart when I saw that price is making a strong impulse down. Take profit is at 82.20, Big Boss support level that price reacted to last week creating a hammer. Right now I'm sitting on 81 pips, trade was initiated yesterday.

AUD/USD: Entered from 4hr too as AUD/JPY was already moving in my anicipated direction, so I started to look for same movement in this pair. Entered a little early but risked much less than on AUD/JPY at 0.7855, mid candle. As this pair's movement is a little unpredictable to me, I put a TP at 0.7780 and it hit my TP this morning. As of now, the price went up from that area, so I guess that was a good prediction to place TP there and now lower. Got out with 62 pips.
Attached Image(s) (click to enlarge)
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  • #3,027
  • Mar 16, 2018 1:16am Mar 16, 2018 1:16am
Quoting Svolacius
Hello everyone again, I really enjoy seeing other members of this thread sharing their knowledge. This week I took AUD/USD and AUD/JPY shorts. AUD/JPY: I saw the price reacting at the 84 level, which was not strange at all, as it was a pullback in the downtrend, which I also used to my advantage last week. I considered this resistance strong, as it was the WCC top, EMA 20 and near a Boss resistance level. Entered from a 4 hr chart when I saw that price is making a strong impulse down. Take profit is at 82.20, Big Boss support level that price reacted...
There's been a few people posting stuff like this. I personally don't like taking another AUD trade if I'm already in an AUD trade as it seems too much like doubling your risk, but if it's within your risk tolerance go for it. My attitude might well change as I get more experienced.

I'll also be keen to see where the various CAD pairs end the week, if for example USD/CAD boss closes above 1.3000 I can see a good chance it'll run right up to the 1.3500 area if it gets past my trendline.
Attached Image (click to enlarge)
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  • #3,028
  • Mar 16, 2018 1:57am Mar 16, 2018 1:57am
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.
Hi Yoki,

Considering you will look for 4Hr pullback for entry, how would you determine your SL. If you look at the swing low in this particular case, it might not give enough R/R. Can you please help me understand.
  • #3,029
  • Mar 16, 2018 2:07am Mar 16, 2018 2:07am
Quoting strat
{quote} Yoki has given you an excellent answer already (thank you, Yoki) but here is a little more. 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 No, definitely not! You are taking things literally instead of THINKING like those who are making PRICE move - the Big Boys. Every candle on every chart, no matter what the time frame is, is IMPORTANT and means something. So what are Shooting Stars and Hammers on the Worker telling us? there was a Shooting...
Hi Strat,

I might give some dumb answers here. However, I am really trying to learn. Bear with me and please help me learn like always you do.

The shooting stars means that it went in search of buyers, however there are not many for that price. This means the sellers can jump back and take control. Vice versa for the hammers, there are no sellers beyond that point and buyers take control. However, I don't know the difference between these in different time frames. What I know is the significance increases as we move from worker to boss to BB based on where the Shooting star has formed.

With respect to the AUDJPY pair, the shooting star formation is after testing the WCC and the price is rejected by the strat shadow. There are no buyers beyond that point.

The other chart that you had appended didn't open.

I am still in the process of learning old thread. I guess that is why I am lacking. May be once I complete, I will have better understanding.
Thanks
Beecee.
  • #3,030
  • Mar 16, 2018 4:06am Mar 16, 2018 4:06am
GBPNZD M5

A little trade for Friday morning, just keeping my hand in while I study higher time frames, can't let Yomi take em all..! Although he'll bag more than my 53 today

Attached Image (click to enlarge)
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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #3,031
  • Mar 16, 2018 4:45am Mar 16, 2018 4:45am
Quoting Rub
{quote} There's been a few people posting stuff like this. I personally don't like taking another AUD trade if I'm already in an AUD trade as it seems too much like doubling your risk, but if it's within your risk tolerance go for it. My attitude might well change as I get more experienced. I'll also be keen to see where the various CAD pairs end the week, if for example USD/CAD boss closes above 1.3000 I can see a good chance it'll run right up to the 1.3500 area if it gets past my trendline. {image}
That's exactly what I pointed out - I took very low risk trade on AUD/USD, as I was more confident with AUD/JPY and did not want to increase my risk too much.
  • #3,032
  • Edited 7:20am Mar 16, 2018 6:51am | Edited 7:20am
EURAUD & GBPCAD M5 PASR Trend Trading:



Live at the MOVING HARD RIGHT EDGE with +119pips of stress free trading, where PRICE is jumping up and down, BUT WHERE I ONLY JUMP-IN when its showing TOOTH BLADE STRUCTURE with converging/diverging with STRAT SHADOW.




Happy Trading,
Yomi.
Attached Image(s) (click to enlarge)
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Time always comes before price
  • #3,033
  • Mar 16, 2018 8:53am Mar 16, 2018 8:53am
AUDJPY managed on 1 Hour

Planned from the Worker with 1 hour add on's, didn't quite reach my original target of a potential triple bottom at 81.50 but happy to trail with a combined 145 pips and bank the profit rather than fight the potential resistance and my greedy little man.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH1.png Size: 65 KB
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #3,034
  • Mar 16, 2018 9:08am Mar 16, 2018 9:08am
Good trade:

I took a short below the SS a few days ago as well with a target to bottom of the WCC.

Looking at it this morning I decided to close at BRN 82.00 area for +120 pips
Attached Image(s) (click to enlarge)
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  • #3,035
  • Mar 16, 2018 9:38am Mar 16, 2018 9:38am
Quoting TerryDawe
Good trade: I took a short below the SS a few days ago as well with a target to bottom of the WCC. Looking at it this morning I decided to close at BRN 82.00 area for +120 pips {image} {image}
Hi Terry, yes I should have taken it at BRN also, too greedy... changing my AUDUSD target now!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #3,036
  • Mar 16, 2018 9:50am Mar 16, 2018 9:50am
Yeah, I dropped to the M5 and it appears that not much trading is going on in this pair today.

There may be a few more pips to pull out but it is Friday and it looks like the big boys were targeting the BRN 82.00 by the end of the week.

Have a good weekend.

Regards
Terry
Attached Image (click to enlarge)
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  • #3,037
  • Mar 16, 2018 10:15am Mar 16, 2018 10:15am
NZDUSD 4 HR

3rd entry was taken on 15 min. Combined 103.

OK, so the little men got to me just now while trying to hold out to 72. It's good to let them out now and again rather than argue with them them, (I know I sound like a mad man but writing it down on here gets it out of my system..)

Right then, onto AUDUSD next...

Attached Image (click to enlarge)
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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #3,038
  • Edited 11:26am Mar 16, 2018 10:28am | Edited 11:26am
AUDJPY & AUDUSD

Quoting Svolacius
Hello everyone again, I really enjoy seeing other members of this thread sharing their knowledge. This week I took AUD/USD and AUD/JPY shorts. AUD/JPY: I saw the price reacting at the 84 level, which was not strange at all, as it was a pullback in the downtrend, which I also used to my advantage last week. I considered this resistance strong, as it was the WCC top, EMA 20 and near a Boss resistance level. Entered from a 4 hr chart when I saw that price is making a strong impulse down. Take profit is at 82.20, Big Boss support level that price reacted...
Very good, Svolacius - STRESS FREE trades on the Worker.

AUDJPY - I considered this resistance strong, as it was the WCC top, EMA 20

It was NOT EMA 20 - it was the Strat Shadow. We do NOT trade moving averages. You will not progress if you use moving averages instead of the Strat Shadow. Learn how PRICE reacts to, and around the Strat Shadow, NOT the moving averages

You reduced your RISK on AUDUSD, your 2nd AUD pair which shows you are following our Number 1 Rule - good job!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,039
  • Mar 16, 2018 10:36am Mar 16, 2018 10:36am
USDCAD

Quoting Rub
{quote} There's been a few people posting stuff like this. I personally don't like taking another AUD trade if I'm already in an AUD trade as it seems too much like doubling your risk, but if it's within your risk tolerance go for it. My attitude might well change as I get more experienced. I'll also be keen to see where the various CAD pairs end the week, if for example USD/CAD boss closes above 1.3000 I can see a good chance it'll run right up to the 1.3500 area if it gets past my trendline. {image}
I'm not getting out my wallet until PRICE clears Big Boss resistance and Boss consolidation.

Looks like your job on here is to monitor USDCAD - strange for a guy from Oz but there you go!

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 48 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,040
  • Edited 11:27am Mar 16, 2018 10:50am | Edited 11:27am
PASR

Quoting BeeCee
{quote} Hi Strat, I might give some dumb answers here. However, I am really trying to learn. Bear with me and please help me learn like always you do. The shooting stars means that it went in search of buyers, however there are not many for that price. This means the sellers can jump back and take control. Vice versa for the hammers, there are no sellers beyond that point and buyers take control. However, I don't know the difference between these in different time frames. What I know is the significance increases as we move from worker to boss to...
You basically got the Shooting Star and Hammer trader sentiment correct but there are many examples of this in my "old" original thread when you get to them.

However, I don't know the difference between these in different time frames.

This tells me, again, you do not UNDERSTAND The Power of Time Frames. You MUST read, learn and UNDERSTAND this "IF" you want to be profitable with PASR

Did you UNDERSTAND MY TREND chart?
Attached Image


I am still in the process of learning old thread. I guess that is why I am lacking. May be once I complete, I will have better understanding.

You may be getting ahead of yourself so continue reading my "old" original thread. Take your time and be PATIENT which is a very important quality needed in trading. Carefully study the trades of those posting them and make sure you UNDERSTAND how and why they took them.
15 YEARS OF PASR ON FOREX FACTORY!
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