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Strat's PASR Long Term, Stress Free Trading

  • #4,101
  • Apr 23, 2018 2:32pm Apr 23, 2018 2:32pm
PASR

Quoting samsonwebdes
{quote} That's the best bloody analogy of trading I've ever heard! Getting out of an argument with the missus without financial loss too!
So my discipline is "It is better to be out of a trade wishing you were in, than being in a trade, wishing you were out". If I then turn this around with the analogy it becomes "It is better to be out of a marriage wishing you were in, than being in a marriage, wishing you were out"!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,102
  • Apr 23, 2018 2:43pm Apr 23, 2018 2:43pm
GBPCAD

Quoting Svolacius
I'll mix in some Worker charts into your M5 trading conversation. GBP/CAD seems to be at a good position right now, with many levels coming together at the same price level. It looks to me like bottom of WCC, BB support and strong rejection at SS bottom formed a hammer. That to my mind seems like a sign of opening a long position with SL just below SS and WCC bottom, potential TP WCC top. Why I WOULD NOT want to take this trade right now: Big Boss and Boss are not aligned yet. This week could show if price is retracing deeper or continuing with...
Good lad! Thanks for PASR Long Term, Stress Free Trading.

Basic PASR is excellent for trading the tops and bottoms of the Weekly Control Candle especially if you can get better entries and R:R with a shorter time frame.

strong rejection at SS bottom formed a hammer. That to my mind seems like a sign of opening a long position with SL just below

The problem with that hammer is that it is a "Bond" hammer. It has only tested my "wobble"levels and has not tested support so basically it is a floating hammer.

While PRICE may move higher within the Weekly Control Candle, a higher probability trade would be if PRICE tested support shown by my blue rectangle.

Good analysis though.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,103
  • Edited 7:58pm Apr 23, 2018 7:41pm | Edited 7:58pm
Quoting trogger
{quote} Gets boring after a while, doesn't it? {image}

Dear Trogger,

Your post confirm and explain a lot why our brain should remain neutral (which im working on). I was waiting for the NU to go north on that support and just open trade without PA (my mistake), i just see it's stalling and lured me to do so.
And then i thought this myself, applying hokey-tokey style of yours must be great. if my understanding clear, u would enter and exit on small lots at the first sign of reversal. Would u pls tell us when u enter and exit, how much loss u consider as the wrong trade, because i remember u dont even put SL. Im sorry for many question.

Regards,
Rina.
  • #4,104
  • Apr 23, 2018 7:57pm Apr 23, 2018 7:57pm
Quoting samsonwebdes
{quote} That's the best bloody analogy of trading I've ever heard! Getting out of an argument with the missus without financial loss too!
At the least it costs you flowers. God forbid they go shopping.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,105
  • Apr 23, 2018 7:59pm Apr 23, 2018 7:59pm
Quoting samsonwebdes
{quote} Yes. 10 years. Same amount of time roughly I've been trying to learn to trade consistently profitably. My blown accounts are WAAAYYYYYY smaller in comparison to my argument losses!

"Yes Dear" gets me in a heap of trouble.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,106
  • Apr 23, 2018 8:43pm Apr 23, 2018 8:43pm
USDJPY

Didn't take this trades, but post as example. All this entry are fine?
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  • #4,107
  • Apr 23, 2018 10:06pm Apr 23, 2018 10:06pm
Just the things Strat has been telling us about Weekly Control Candles is priceless. Look how the lower level stopped price right in its tracks. Who knows where price will be this time tomorrow. But it is working on 13 weeks now in this WCC.

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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,108
  • Apr 23, 2018 10:15pm Apr 23, 2018 10:15pm
Quoting LuisRicardo
USDJPY Didn't take this trades, but post as example. All this entry are fine? {image}

It looks like this is a daily chart. To me it is almost bottom picking and also there was a WCC to deal with. On a lower time frame, once a trend is established I would consider a position.

Maybe Strat will have a better answer for you.

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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,109
  • Apr 24, 2018 1:12am Apr 24, 2018 1:12am
Quoting strat
GBPCAD {quote} Good lad! Thanks for PASR Long Term, Stress Free Trading. Basic PASR is excellent for trading the tops and bottoms of the Weekly Control Candle especially if you can get better entries and R:R with a shorter time frame. strong rejection at SS bottom formed a hammer. That to my mind seems like a sign of opening a long position with SL just below The problem with that hammer is that it is a "Bond" hammer. It has only tested my "wobble"levels and has not tested support so basically it is a floating hammer. While PRICE may move higher...
Ok with that, but the lower boundary of WCC is also a Monthly, Weekly support at 1.7736

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It would certainly be better to see the hammer tail cross the support, here it is merely touching it

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  • #4,110
  • Apr 24, 2018 1:44am Apr 24, 2018 1:44am
Quoting Rufus
{quote} It looks like this is a daily chart. To me it is almost bottom picking and also there was a WCC to deal with. On a lower time frame, once a trend is established I would consider a position. Maybe Strat will have a better answer for you. {image}
For me :

on the weekly chart, the Strat Shadow is red (the main trend is down), so we should trade short. The trend on the Boss (primary trend) is up, going against the Strat Shadow.

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  • #4,111
  • Apr 24, 2018 2:55am Apr 24, 2018 2:55am
Quoting Bestof27
{quote} Ok with that, but the lower boundary of WCC is also a Monthly, Weekly support at 1.7736 {image} It would certainly be better to see the hammer tail cross the support, here it is merely touching it {image}
Hi, Bestof27
Attached Image

I would like waiting more days to see a HL.
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #4,112
  • Apr 24, 2018 3:00am Apr 24, 2018 3:00am
Quoting Bestof27
{quote} For me : on the weekly chart, the Strat Shadow is red (the main trend is down), so we should trade short. The trend on the Boss (primary trend) is up, going against the Strat Shadow. {image}
Attached Image

the Strat Shadow is only one of several conditions.

Just my own opinion.

thanks

best regards
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #4,113
  • Apr 24, 2018 3:56am Apr 24, 2018 3:56am
EURUSD M5

I don't think I will trade a lot today or this week, my mind is not in the right place. Just happy I scooped up about 25 pips as EU is trying to break is long-lasting WCC and which may require several attempts anyway.

Trade well and use stops at all times
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  • #4,114
  • Apr 24, 2018 4:20am Apr 24, 2018 4:20am
Quoting darko2010
EURUSD M5 I don't think I will trade a lot today or this week, my mind is not in the right place. Just happy I scooped up about 25 pips as EU is trying to break is long-lasting WCC and which may require several attempts anyway. Trade well and use stops at all times {image}
maybe we need to wait breakout asia session for safe trading morning babypips?
p.s.
sorry for my english/russian...

EC +18
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  • #4,115
  • Apr 24, 2018 5:43am Apr 24, 2018 5:43am
Quoting Cj.cn
{quote} {image} the Strat Shadow is only one of several conditions. Just my own opinion. thanks best regards
Exactly Cj, I agree with you on this one. Strat Shadow is not the one and only indicator that tells us the trend. PRICE is.
  • #4,116
  • Edited 7:02am Apr 24, 2018 6:50am | Edited 7:02am
Not sure if everyone will understand, but here it goes...

I love learning and understanding new stuff, and I hate when people tell me not to bother.

So when Strat tells me to not even bother when I see an M5 chart like this, I wonder why people still keep buying and selling on such an ugly broken saw toothblade

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So I look higher TFs...

H1
Hmm, not uninteresting, maybe those crazy people I see on my M5 chart are not actually fighting for M5 scraps

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H4
Wait, what?? Doesn't this remind me something I learned at Strat's school of higher learning for adults who can't read charts well?

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Worker
Holy Molly, I am starting to see things

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Boss
Wait, are you saying that we are currently establishing support above the WCC price broke 2 weeks ago?

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Big Boss
Higher lows although in a downward trend and price above EMA20, are you saying all this is connected?

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Always question things, how else are you going to learn?
  • #4,117
  • Apr 24, 2018 7:10am Apr 24, 2018 7:10am
Great analysis darko, can't compare charts to mine at work sadly. I've also sent you a PM not related to this strategy, your answer would help me tremenduosly!
  • #4,118
  • Edited 8:06am Apr 24, 2018 7:45am | Edited 8:06am
I wish I understood Fibs... This 38.2% must mean something, but what?
PS: I personally don't use Fibs, but when they tell me something in confluence with PASR, I pay attention
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  • #4,119
  • Apr 24, 2018 8:34am Apr 24, 2018 8:34am
GBPJPY M5 PASR Trend Trading:


Your mind can deceive you, But your trading plan will NOT. Your trading plan is always RIGHT.

Done for today.





Happy Trading,
Yomi.
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Time always comes before price
  • #4,120
  • Apr 24, 2018 8:53am Apr 24, 2018 8:53am
Quoting fxrabbi
GBPJPY M5 PASR Trend Trading: Your mind can deceive you, But your trading plan will NOT. Your trading plan is always RIGHT. Done for today. Happy Trading, Yomi. {image}
Hi
Less for me

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