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Strat's PASR Long Term, Stress Free Trading

  • #3,941
  • Apr 16, 2018 11:15am Apr 16, 2018 11:15am
I also hopped on the GBP momentum, 66 pips in profit as of now. Price tried to break the BB resistance one more, so I waited for some PA and entered on BUEB.
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  • #3,942
  • Apr 16, 2018 11:18am Apr 16, 2018 11:18am
Quoting strat
PASR {quote} I didn't see this until after I posted my reply BUT I LIKE IT! Very clever!
OK no problem
but for those who do not have English as their native language, it is sometimes hard to understand easily!
back to translator ... thanks
  • #3,943
  • Apr 16, 2018 11:22am Apr 16, 2018 11:22am
PASR

Quoting Suran
{quote} Hi Strat ( and Ensale), Thank you very much for the comments. Much helpful. Don't you read my posts? I said NOT to use "demo" and instead use "paper trade" Yes, I read that post you mentioned not to use demo. My BAD. By the way it is ""LOSE"" not ""loose"" - "lose" is a verb and "loose" is an adjective yes coach.respect. forgive me for my bad typing and english This is NOT a smooth saw tooth blade structure - it is a JERKY up and down structure. Noted, practice 1000 charts. So you saw a Shooting Star...
My PASR strategy does not trade trend line..

Regarding that trend line , It seams I misunderstood this chart below

Exactly as I stated ""My PASR strategy does not trade trend line.""

We do not make trading decisions based on a trend line BUT we do use trend lines as confluence/confirmation for our PASR trade decisions. There is a big difference - make sure you understand it.

READ, LEARN and UNDERSTAND the Strat Shadow and how PRICE behaves and reacts in and around it. When you do this, you will never need a trend line again.

Sorry for picking you up on grammar as I know English is not your native language although you do learn it in your schools (at least they did when it was Ceylon). I also get miffed when people us "of" instead of "have".
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,944
  • Apr 16, 2018 11:30am Apr 16, 2018 11:30am
Quoting strat
PASR {quote} Sorry for picking you up on grammar as I know English is not your native language although you do learn it in your schools (at least they did when it was Ceylon). I also get miffed when people us "of" instead of "have".
You have plenty of reasons to pick me up on my grammar...funny part of that is ...I worked and lived in UK for almost 6 years (not as a taxi driver..Ha ha). And still I couldn't correct those yet...I even did IELTS (7 bands)..still doing these stupid mistakes
Focus, Patience, Discipline, Determination and Perseverance
  • #3,945
  • Apr 16, 2018 11:34am Apr 16, 2018 11:34am
GBPUSD

Quoting Svolacius
I also hopped on the GBP momentum, 66 pips in profit as of now. Price tried to break the BB resistance one more, so I waited for some PA and entered on BUEB. {image} {image}
Wow, you must love RISK. That is classic buying into resistance! Yes it will probably work out for you due to GBP strength and USD weakness. PASR teaches you to WAIT for a CLOSE above support/resistance and then enter with a buy stop a few pips above that high. I used to do like you until I found I was not consistently profitable.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,946
  • Apr 16, 2018 11:43am Apr 16, 2018 11:43am
Quoting strat
GBPUSD {quote} Wow, you must love RISK. That is classic buying into resistance! Yes it will probably work out for you due to GBP strength and USD weakness. PASR teaches you to WAIT for a CLOSE above support/resistance and then enter with a buy stop a few pips above that high. I used to do like you until I found I was not consistently profitable.
I agree that it is a risky trade. But seeing GBP rallying up, I thought that entering from 4hr chart would let me see the PA setup quicker and therefore decide if the trade is valid or not. Probably young trader's impatience again, huh?
  • #3,947
  • Apr 16, 2018 12:04pm Apr 16, 2018 12:04pm
PASR

Quoting Svolacius
{quote} I agree that it is a risky trade. But seeing GBP rallying up, I thought that entering from 4hr chart would let me see the PA setup quicker and therefore decide if the trade is valid or not. Probably young trader's impatience again, huh?
Suggest you read my Mantra from Post 1 on my old original thread everyday until it is embedded in your memory.

Strat's Mantra:

We TRADE TO LIVE. We are NOT like others who LIVE TO TRADE.

We know that our Health is ALWAYS more important than our wealth.

We know trading is NOT a "Get Rich Quick Scheme".

We know trading is a serious business and WE treat our trading as a SERIOUS BUSINESS

We understand we have, like any other profession, to put in the thousands of hours studying, learning and practicing our methods and techniques.

We understand there is NO SHORTCUT to becoming successful and profitable traders.

We understand that successful and profitable trading is 95% psychology and 5% technical skill. We know who and what we have to control.

We need PATIENCE to wait for and "SEE" opportunities

We need DISCIPLINE to act and trade on such opportunities

We are PLANNERS – We always PLAN each and every trade and then Trade the PLAN without exception.

We are BELIEVERS. We believe in ourselves and our PLAN.

We believe in the Holy Grail. We know what the Holy Grail is. We have found the Holy Grail and our search for trading enlightenment is over.

We can only take what the market gives us - we do "NOT" force the market.

We understand that PRICE is Lord, King, Queen and Country.

We ACCEPT losses as the cost of doing business

We are PROFESSIONALS and PROFESSIONALS look for a reason NOT to take a trade

We are NOT Amateurs. Amateurs manage money by taking RISK. PROFESSIONALS manage RISK by taking money.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,948
  • Apr 16, 2018 12:07pm Apr 16, 2018 12:07pm
Quoting strat
PASR {quote} Suggest you read my Mantra from Post 1 on my old original thread everyday until it is embedded in your memory. Strat's Mantra: We TRADE TO LIVE. We are NOT like others who LIVE TO TRADE. We know that our Health is ALWAYS more important than our wealth. We know trading is NOT a "Get Rich Quick Scheme". We know trading is a serious business and WE treat our trading as a SERIOUS BUSINESS We understand we have, like any other profession, to put in the thousands of hours studying, learning and practicing our methods and techniques. We understand...
I've put it on my desktop since day 1 and reading it frequently, probably not enough.
  • #3,949
  • Apr 16, 2018 1:12pm Apr 16, 2018 1:12pm
Quoting tintin1
GC I think gold is on the verge of epic bull run if this works out If the Gold( gold futures) gains 1368 and then backtests it and holds than 1481 is 1st target and 1577 is 2nd target the chart says it all BB: price in immediate uptrend and above strat shadow and near the current resistance 1368 with bullish look B: price in immediate uptrend and above strat shadow recent HH and HL and and near the current resistance 1368 with bullish look Wrice in immediate uptrend and above strat shadow recent HH and HL and and near...
Still waiting on the close above 1368 on GC futures to initiate a long trade. it is banging against the resistance continuously and getting rejected
  • #3,950
  • Apr 16, 2018 1:22pm Apr 16, 2018 1:22pm
Quoting samsonwebdes
So I had a cancelled meeting this morning which freed up a few hours I wasn't expecting, so I naturally thought of Yomi. No, not in that way. I thought I'll take a look at all his posts again and study those 5 minute charts. I spent an hour looking at them and at 9AM I thought lets have another go. Although I'm happy on the daily and making good progress I want to try and nail 5 minute PASR again. I see people like Darko making great headway and I must be missing something. So I sat on my hands watching 12 pairs after the London market had opened...
Nicely done.
Time always comes before price
  • #3,951
  • Apr 16, 2018 4:37pm Apr 16, 2018 4:37pm
Hi Strat, i am grateful for having discovered the PSAR your quidnace is much apreciated and i would like to share a trade i took and get some feedback
BB: 4 months bearish and last 2 months consolidating , it seems the sellers are not heated as mush as before
B : From November 2017 Strong Bearish trend with a lately retracement in March
Worker : Crearly a strong PSAR pattern for SELL
So althought there are doubts considering the big boys which don't seem very eager to sell anymore, i took the trade !!

PS Could anyone help me with the strat shadow (to look like yours) to tweak the ribbon in my chart to fill with color the space between the MAs and the canddle. For this reason i post the properties of the ribbon
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  • #3,952
  • Apr 16, 2018 6:51pm Apr 16, 2018 6:51pm
I haven't yet recognize any day trade (Except looking at others' trade) lately, feel like I start see-ing trade that does not exist.

EURGBP

BB
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- Big trend upward, immediate trend is down
- hitting 20ema support and going slightly below it

B
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- Going/Breaking downward after moving sideway
- Breaking 20 ema support and another daily support that tested multiple times on past few weeks
- Going down

W
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- a BEOB right below a resistance (Note that the middle bar show that it is from April 15 which is Sunday, I think that is a bug from OANDA MT4)


This trade feel wrong to me even though it looks good. So I do not pick it up. But still, looking for advice. (Seen no trade from other pairs on my list though)
  • #3,953
  • Apr 16, 2018 6:57pm Apr 16, 2018 6:57pm
Quoting macuba
Hi Strat, i am grateful for having discovered the PSAR your quidnace is much apreciated and i would like to share a trade i took and get some feedback BB: 4 months bearish and last 2 months consolidating , it seems the sellers are not heated as mush as before B : From November 2017 Strong Bearish trend with a lately retracement in March Worker : Crearly a strong PSAR pattern for SELL So althought there are doubts considering the big boys which don't seem very eager to sell anymore, i took the trade !! PS Could anyone help me with the strat shadow...
I draw with orange a support that can make reverse your trade.
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  • #3,954
  • Apr 16, 2018 7:09pm Apr 16, 2018 7:09pm
Quoting huatzhi
I haven't yet recognize any day trade (Except looking at others' trade) lately, feel like I start see-ing trade that does not exist. EURGBP BB {image} - Big trend upward, immediate trend is down - hitting 20ema support and going slightly below it B {image} - Going/Breaking downward after moving sideway - Breaking 20 ema support and another daily support that tested multiple times on past few weeks - Going down W {image} - a BEOB right below a resistance (Note that the middle bar show that it is from April 15 which is Sunday, I think that is a bug...
I think is a good trade, but for me I can handle that stop loss. I will watch that pair and wait smaller stop loss.
  • #3,955
  • Apr 16, 2018 7:37pm Apr 16, 2018 7:37pm
Quoting Svolacius
{quote} Greetings, Cj.cn. Just because price is below the EMA's does not mean that we are in downtrend, Strat said it many times that we do not trade moving averages. They lag and if you considered that the uptrend is only present when the price is above the moving averages, you could jump in at the very end of the trend. Price reacted at the Big Boss levels and the immediate price action clearly shows in which direction the Big Boys are looking at. That is how I spot where the price might turn. If you do not know what SS is, you should re-read...
Hi, Svolacius

Strat said it many times that we do not trade moving averages.
Why do you think I trade moving averages?
I just wrote what the moving average tell me the direction of the trend is.

maybe the CADJPY will UP, UP, UP and you thought "see it is up, and I am right". but I don't think you are at the right PATH.

thanks

best regards
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #3,956
  • Apr 16, 2018 7:42pm Apr 16, 2018 7:42pm
Quoting macuba
..............PS Could anyone help me with the strat shadow (to look like yours) to tweak the ribbon in my chart to fill with color the space between the MAs and the canddle. For this reason i post the properties of the ribbon {image} {image} {image} {image}
To save experienced guys time for more valuable questions, I'll answer this part of your question...

Set MA period 1 to 1. See my previous reply (post 3917) to another member. That will do

Regards

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #3,957
  • Apr 17, 2018 12:16am Apr 17, 2018 12:16am
Quoting macuba
Hi Strat, i am grateful for having discovered the PSAR your quidnace is much apreciated and i would like to share a trade i took and get some feedback BB: 4 months bearish and last 2 months consolidating , it seems the sellers are not heated as mush as before B : From November 2017 Strong Bearish trend with a lately retracement in March Worker : Crearly a strong PSAR pattern for SELL So althought there are doubts considering the big boys which don't seem very eager to sell anymore, i took the trade !! PS Could anyone help me with the strat shadow...
see post 3916
  • #3,958
  • Apr 17, 2018 12:35am Apr 17, 2018 12:35am
Quoting huatzhi
I haven't yet recognize any day trade (Except looking at others' trade) lately, feel like I start see-ing trade that does not exist. EURGBP BB {image} - Big trend upward, immediate trend is down - hitting 20ema support and going slightly below it B {image} - Going/Breaking downward after moving sideway - Breaking 20 ema support and another daily support that tested multiple times on past few weeks - Going down W {image} - a BEOB right below a resistance (Note that the middle bar show that it is from April 15 which is Sunday, I think that is a bug...
Hi,

For me Big Boss is going sideways, until it closes below support.
May be safer to wait for a close below 0.866 support on Monthly basis
  • #3,959
  • Apr 17, 2018 2:34am Apr 17, 2018 2:34am
Quoting Cj.cn
{quote} Hi, Svolacius Strat said it many times that we do not trade moving averages. Why do you think I trade moving averages? I just wrote what the moving average tell me the direction of the trend is. maybe the CADJPY will UP, UP, UP and you thought "see it is up, and I am right". but I don't think you are at the right PATH. thanks best regards
If you only use moving averages to see the trend, it will be very hard to identify trend changes. And what makes you think I am not on the right PATH?
  • #3,960
  • Edited 4:10am Apr 17, 2018 3:40am | Edited 4:10am
Quoting Svolacius
{quote} If you only use moving averages to see the trend, it will be very hard to identify trend changes. And what makes you think I am not on the right PATH?
Hi, Svolacius

That is just my own thought.

I am also a learner just sit behind you.

So, although I made the answer, I don't intent to post it to prevent misleading you.

maybe the master can give some answer or suggestion to make you and I more clear. Hope to listen the voice from him.

thanks

best regards
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
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