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Strat's PASR Long Term, Stress Free Trading

  • #3,701
  • Apr 9, 2018 5:44pm Apr 9, 2018 5:44pm
AUDNZD M5 PASR Trend Trading

Quoting catalin_eros
{quote} Somehow, I understood wrong. You said that last month was the last target created, and since last month was above this month, I assumed you thought I was in a buy. Sorry for my wrong impression! As for my target, yes, of course I had a TP. It was a hard TP. Green pips to you, Luis! {image}
Romanian Playboy, here is how I would have traded it in your time zone (London) if I was desperate to trade this tortoise (which I am not)

I would SEE London continuing the DOWN TREND set by Asian over night trading.

I would SEE PRICE slicing through and CLOSING below the latest Worker low. This would make me FIND the next support on the Worker and Boss.

I would enter short below the candle CLOSING below the latest Worker low.

I would FALL ASLEEP and miss the fantastic 10 pips this pedestrian pair produces.

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #3,702
  • Apr 9, 2018 7:45pm Apr 9, 2018 7:45pm
Hi Strat, I use different value for the moving average of the strat shadow, it's ok to post images with my values?
  • #3,703
  • Edited 9:36pm Apr 9, 2018 9:03pm | Edited 9:36pm
Quoting strat
GBPCAD Boss {quote} Very disappointed that no-one commented on this. I am obviously wasting my time doing these things. {image} {image}
Sorry Strat.

I actually looked at it quite a bit. Was just not feeling to well over the weekend and kinda hit the end of my computer patience...

For all to enjoy. My arrows and notations should speak for themselves.

Strat's 1998 chart

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My 1998 chart

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My 2018 chart

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Both runs have basically 3 large moves to their peaks. Both exited peak with a triple top. The peak (Resistance) of 2018 is the support in 1998. The fib retracement in both were at key levels. 78.6 in 1998, so far 50% in 2018.

Another thing is the location of the 200 EMA (black dotted) in both charts. very similar.

I guess it is more "Food for thought"

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Will history repeat it self?

Rufus

EDIT.... 2015 is actually the high...
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,704
  • Apr 10, 2018 12:28am Apr 10, 2018 12:28am
I have to Say I love PA.
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  • #3,705
  • Apr 10, 2018 12:45am Apr 10, 2018 12:45am
Quoting strat
GBPCAD M5 {quote} Entry on the marked candle, looking to get in on the continuation of friday's worker bar. Come on Rub, get with the strategy! How many times do I have to post that MY M5 PASR Trend Trading strategy has NOTHING to do with any other time frame. M5 is a beast to itself and no other! You were lucky this time as you got in on the overnight orders placed by retail traders like you but there will come many times doing this when the BIG BOYS will ream your ass out! I am targeting the top of the WCC. No you're not! You are not doing anything!...
I suspect this may end up a little scatological as I'm writing as I read, but here goes.

First, I think I understand where I went wrong with the 5 minute trading. The point where I moved to break even I should have been taking profit, as it was the 4hr resistance, and would have been ~40 pips. Not the 2 I ended with.

I have double checked and my daily candle charts do close at NY close. Made sure to check my broker's web site.

Darko2010, I also have a drawn things up similarly on AUD/USD, but my top of the WCC seems to be a little higher? Posting my boss chart to show. I'm interested to see what happens with USD/CAD, because I have the 200EMA close below. So not taking the trade, but will keep and eye out for a retest and judge then.

Strat I still don't see what you are getting at with the GBP/CAD boss chart. Maybe you are wasting your time posting them, at least with me. If I don't see anything I don't write anything, and wait to see if anyone else can give enough of hint I can see myself. GBP/CAD is not a pair I normally follow on higher time frames, and I've been trying to see what is significant about 1998 in the chart you've posted. Currently feeling like a numpty, because I don't see. As far as I can tell price in 1998 was no where near where it is now, so I don't get the clue that was given either. Hell, I'm probably not even remotely on the right track.

So all up, probably a good thing I'm getting out and about the next couple of nights and away from this stuff. Just a touch frustrating.
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  • #3,706
  • Apr 10, 2018 3:02am Apr 10, 2018 3:02am
AUDJPY 5M

Question for the forum: was this a Strat Trend PASR entry according to you?
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  • #3,707
  • Apr 10, 2018 3:32am Apr 10, 2018 3:32am
Quoting darko2010
AUDJPY 5M Question for the forum: was this a Strat Trend PASR entry according to you? {image}
I don't feel strong enough to give advices.
But I would be more at ease with an established trend, more the yomi way ...
  • #3,708
  • Apr 10, 2018 3:33am Apr 10, 2018 3:33am
Quoting strat
GBPCAD Boss {quote} Very disappointed that no-one commented on this. I am obviously wasting my time doing these things. {image} {image}
You are not wasting your time, you just run too fast and some of us have to catch our breath sometimes
When Strat pulls a Boss, I pull a Big Boss and what I see is that configurations may be similar between now and when we had French Francs, but it seems to me that the context is very different. Unfortunately, I don't hava data before 2000, so my shadow is incomplete.
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  • #3,709
  • Apr 10, 2018 3:37am Apr 10, 2018 3:37am
Quoting Bestof27
{quote} I don't feel strong enough to give advices. But I would be more at ease with an established trend, more the yomi way ...
YES!
That's was the point of my question, no M5 trend trading without TREND
For anything M5 PASR trend trading related, FXrabbi (Yomi) is the man, full stop
  • #3,710
  • Apr 10, 2018 3:51am Apr 10, 2018 3:51am
Quoting strat
GBPCAD Boss {quote} Very disappointed that no-one commented on this. I am obviously wasting my time doing these things. {image} {image}

Hi

Strat your post and question on USDCAD boss chart from 1998 was not completely wasting time. As you see some of us watched charts altrougt with different approach.

I personally watched it in a way, that you described it somewhere (I think in old thread), that TL have significant- important role in future and if you knew then what you know now, you woul know where price will be today. I try to looking at charts simply as possible , even it is true that I do not have the necessary knowledge for complex analyzes :-) - yet.

I've drawn some TL on my chart and they match with HH, HL, LH, LL and channels, although best match I find in BB chart- all depends on how I put it on chart . But I don't know or can't figure it out owerall meaning of it.
I will continue to train small gray cells in the brain - read : breaking my head against the stone.

Back to reading....

Regards
  • #3,711
  • Apr 10, 2018 4:26am Apr 10, 2018 4:26am
GBPCAD M5

An opportunity here (see uparrow)
SL 10 pips
TP 30 pips

I m not in but I would have if I had been more confident....

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  • #3,712
  • Apr 10, 2018 4:45am Apr 10, 2018 4:45am
Quoting darko2010
AUDJPY 5M Question for the forum: was this a Strat Trend PASR entry according to you? {image}
Is it okay to give my thoughts? Even though it doesn't have established trend. I see a similarity between this Entry by strat in this post.(cannot remember which post this anyway ). Or did I miss anything here? BTW I am still in THE PATH.

Suranga
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Focus, Patience, Discipline, Determination and Perseverance
  • #3,713
  • Edited 6:30am Apr 10, 2018 4:48am | Edited 6:30am
Quoting Suran
{quote} Is it okay to give my thoughts? Even though it doesn't have established trend. I see a similarity between this Entry by strat in this post.(cannot remember which post this anyway ). Or did I miss anything here? BTW I am still in THE PATH. Suranga{image}
Thanks Suran, but may I suggest you find in what way my entry and Strat's are similar but also different (because they are in my opinion)?
  • #3,714
  • Apr 10, 2018 5:02am Apr 10, 2018 5:02am
Quoting LuisRicardo
{quote} You still dont get it, look this image of daily AudNzd, your next support is like 45 pip of 189 days back {image}
I did not get it because you said the next target had been created a month ago, not 189 days ago. That is the reason why I was under the impression that you thought I was buying, since one month ago the price was only above yesterday's price.

As for that level, I saw it, but I chose to have a hard TP much lower, in case the price wants to go test the lows. A hard TP is not necessarily hit, as I usually trail the price or close the position long before the hard TP. The advantage of it is that a lower time frame trade can be turned into a higher time frame trade, should the price smash through the S/R.
  • #3,715
  • Apr 10, 2018 5:08am Apr 10, 2018 5:08am
Quoting Bestof27
GBPCAD M5 An opportunity here (see uparrow) SL 10 pips TP 30 pips I m not in but I would have if I had been more confident.... {image}
... and it would had been a loss
  • #3,716
  • Apr 10, 2018 5:10am Apr 10, 2018 5:10am
Quoting strat
AUDNZD M5 PASR Trend Trading {quote} Romanian Playboy, here is how I would have traded it in your time zone (London) if I was desperate to trade this tortoise (which I am not) I would SEE London continuing the DOWN TREND set by Asian over night trading. I would SEE PRICE slicing through and CLOSING below the latest Worker low. This would make me FIND the next support on the Worker and Boss. I would enter short below the candle CLOSING below the latest Worker low. I would FALL ASLEEP and miss the fantastic 10 pips this pedestrian pair produces. {image}...
Thanks for the explanation, Strat! I appreciate that you are patient with me, since I have already stated I am the worst M5 trader out there.

About the AN trade, that is what I did, I entered on a retracement in London, under the low of the previous day, after the trend set by Asia, so I suppose it was not a bad trade. But what made it bad is that it was a bad pair to choose, therefore no more tortoise pairs for me on M5 trading.
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  • #3,717
  • Apr 10, 2018 5:26am Apr 10, 2018 5:26am
Quoting Bestof27
GBPCAD M5 An opportunity here (see uparrow) SL 10 pips TP 30 pips I m not in but I would have if I had been more confident.... {image}
Hi

I saw this one too, but it would mean buying righ into yesterday SR and BRN 1.8000. Thus I'm selling this pair

Edit: SR on yesterday boss (H1)
  • #3,718
  • Apr 10, 2018 6:03am Apr 10, 2018 6:03am
Quoting darko2010
{quote} Thanks Suranga, but may I suggest you find in what way my entry and Strat's are similar but also different (because they are in my opinion)?
..mmm..Interesting..better go back and do some reading.
Focus, Patience, Discipline, Determination and Perseverance
  • #3,719
  • Apr 10, 2018 6:57am Apr 10, 2018 6:57am
Quoting sseti
{quote} Hi I saw this one too, but it would mean buying righ into yesterday SR and BRN 1.8000. Thus I'm selling this pair Edit: SR on yesterday boss (H1)
right, I didn't update my support & resistance levels !
  • #3,720
  • Apr 10, 2018 7:03am Apr 10, 2018 7:03am
USDCAD M5

May be an other opportunity to sell
SL 8 pips

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