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Strat's PASR Long Term, Stress Free Trading

  • #4,341
  • May 1, 2018 9:36am May 1, 2018 9:36am
PASR

Quoting landax
Hello everyone, I introduce myself, I am Landax a French student of 20 years, and I use most of my free time to study forex for 1 year. I read the two sons since October and I am determined to learn more and more every day, every week. I intend to focus mainly on Daily because I do not have much time to trade during the day. And when I will be profitable in the long run (I hope one day aha) I would like to be full time and even trader M5. Here for my presentation
Welcome! I have been studying French for 57 years and still don't understand it!

Who are the two "sons"?

I would like to be full time and even trader M5

Good but be prepared for around 3 years of learning and understanding along with spending thousands of hours studying and practicing on thousands of charts. Do not be hasty in choosing your trading time frame - let the time frame choose you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,342
  • May 1, 2018 9:39am May 1, 2018 9:39am
EURCAD M5 PASR Trend Trading

Quoting Suran
Master of Hindsight..(me)... Saw toothed blade structure.... Anybody catch these yesterday? {image}
But the good thing is that you SAW and RECOGNISED the TREND and structure. The hard part now is to SEE this and trade it at the moving hard right edge but good job.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,343
  • May 1, 2018 9:42am May 1, 2018 9:42am
EURUSD M5 PASR Trend Trading

Quoting Humbucker
EUR/USD M5 OK Dudes. Guess what I did this morning? I put in a trade on my 'other' device which I don't usually trade with. I'd never set it up properly for trading.... Was watching EUR/USD consolidate and thinking 'support forming' when it broke out of the range. I was attracted by the close below a BEOB (ringed) so I hit the one-touch trading button for a sell (top line is the entry). SL above the congestion period which was in the Strat Shadow. Part of me thought to wait for another retrace into the shadow, but thought I'd jump in in case it...
You are one very lucky person saved only by your understanding of my M5 PASR Trend Trading strategy. Usually, Sod's Law works against you so I think you were double lucky!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,344
  • May 1, 2018 9:45am May 1, 2018 9:45am
AUDUSD H4

Quoting Bestof27
AUDUSD H4 {quote} Second position closed near weekly support : + 70 pips overall
Well done, Bo27, you are improving with each trade.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,345
  • May 1, 2018 9:50am May 1, 2018 9:50am
Quoting strat
PASR {quote} Welcome! I have been studying French for 57 years and still don't understand it! Who are the two "sons"? I would like to be full time and even trader M5 Good but be prepared for around 3 years of learning and understanding along with spending thousands of hours studying and practicing on thousands of charts. Do not be hasty in choosing your trading time frame - let the time frame choose you.
If I managed the french, it's good because it's my native language ahah

I meant the two thread
  • #4,346
  • May 1, 2018 9:51am May 1, 2018 9:51am
EURAUD

Quoting landax
First Analysis: BB: Bullish over the last 4 months, but has to form a Doji the month of April so price is to balance? In any case the price takes a break no precise direction. {image} B: Price stuck in a WCC for 4 weeks, the top of the WCC has been tested twice in the last two weeks. {image} W: Price is just below the WCC resistance and at the end of the triangle trendline. {image} My plan: Wait until the boss closes over the WCC and take a good entry point on Daily with a good R:R. Any opinions ?
My plan: Wait until the boss closes over the WCC and take a good entry point on Daily with a good R:R.

So you have a BULLISH bias.

What about the resistance above the Weekly Control Candle at BRNs 1.62, 1.63 and 1.64?

What if PRICE does not close above the Weekly Control Candle?

What if PRICE closes below the Weekly Control Candle?
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,347
  • May 1, 2018 9:53am May 1, 2018 9:53am
Hi Strat,

First of all, I would like to thank you for this marvellous thread. I myself have been a victim of buying into 'trading courses' by trainers. Although I wouldn't call them useless, they offer only one methodology are very fixated into trading a short time frame that I cannot comply.

I love my full time job and will never think of quitting it. I have read this thread and the old thread (took me many many weeks to digest everything) and I have seen the power of PASR and Strats Shadow. Therefore, I am committed into trading Daily charts using PASR.

Hopefully, I will post useful charts so that I can learn with everyone else in this thread.

Thank you all!
  • #4,348
  • May 1, 2018 9:56am May 1, 2018 9:56am
EURJPY

Quoting landax
Eurjpy BB: The last two candles tested the resistance 132.287 and the new candle the test currently otherwise the trend is bullish. {image} B: Undecided price and stuck in the WCC for 4 weeks. {image} W: Not much to say apart range {image} My plan: As for EUR/AUD, wait until the boss candle closes above the WCC and take an entry on Daily to have as target the resistance 134,112 and my SL below the top WCC. Any opinions?
BB: The last two candles tested the resistance 132.287 and the new candle the test currently otherwise the trend is bullish.

Even though the Big Boss is in a H - L- LH structure?

Same comments as EURAUD
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,349
  • Edited 12:49pm May 1, 2018 10:12am | Edited 12:49pm
PASR

Quoting brian661
Read half of the thread and would like to start demo trading during reading the remaining half. Just focusing on 2 pairs (EURJPY and GBPUSD) First Trade on EURJPY H1 and H4 is in down trend Although it is almost at the button of WCC, took 2 trade with small risk. Exit before the end of London hour, when I saw the hammer candle. {image} GPBUSD H1 and H4 down trend Similar situation as EURJPY. While at the end got a loss. I believe my fault is taking trade too close to the WCC. Cannot found a price action candle but the trend still went back qucikly...
Read half of the thread and would like to start demo trading during reading the remaining half.

Which thread?

So you believe in taking short cuts then?

If you were going sky diving and you only read half the manual and instructions, would you still jump?

PASR students do not trade on "demo" for the reasons I explained in the half you did not read. They PAPER TRADE

Are you sure you are suitable for trading PASR without your beloved indicators and EAs and have you got over your fascination with them?

EURJPY H1 and H4 is in down trend GPBUSD H1 and H4 down trend

H1 and H4 have NOTHING WHATSOEVER to do with my M5 PASR Trend Trading strategy except for their support and resistance areas.

I believe my fault is taking trade too close to the WCC.

Your fault is you are taking short cuts, have only read HALF the thread and you do not UNDERSTAND PASR and the Strat Shadow and how PRICE behaves in and around and reacts with the Strat Shadow.

If you wish to continue on here you need to get rid of your rainbow display which is almost as distracting as squiggly lines. Your charts should look like those posted in Posts 4304 through 4319
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,350
  • May 1, 2018 10:13am May 1, 2018 10:13am
Quoting strat
EURAUD {quote} My plan: Wait until the boss closes over the WCC and take a good entry point on Daily with a good R:R. So you have a BULLISH bias. What about the resistance above the Weekly Control Candle at BRNs 1.62, 1.63 and 1.64? What if PRICE does not close above the Weekly Control Candle? What if PRICE closes below the Weekly Control Candle?
So you have a BULLISH bias.

It's true that I saw the three main trends upward so I had this preference, I would can be not due and instead wait to see what price did.

What about the resistance above the Weekly Control Candle at BRNs 1.62, 1.63 and 1.64?

Then to 1.63 and 1.64 resistance I just add them on my chart

What if PRICE does not close above the Weekly Control Candle?

If the price does not close at the top of the WCC I prefer to do nothing for the moment and look for another opportunity somewhere else

What if PRICE closes below the Weekly Control Candle?

Finally, if the price closes under the WCC, this means that there will have been a strong downtrend but I won't trade because the price will get stuck in the shadow strat so difficult for me to predict what will happen.

is this just?
  • #4,351
  • May 1, 2018 10:18am May 1, 2018 10:18am
PASR

Quoting MikuSS
Hi Strat, First of all, I would like to thank you for this marvellous thread. I myself have been a victim of buying into 'trading courses' by trainers. Although I wouldn't call them useless, they offer only one methodology are very fixated into trading a short time frame that I cannot comply. I love my full time job and will never think of quitting it. I have read this thread and the old thread (took me many many weeks to digest everything) and I have seen the power of PASR and Strats Shadow. Therefore, I am committed into trading Daily charts using...
Welcome!

I myself have been a victim of buying into 'trading courses' by trainers. Although I wouldn't call them useless, they offer only one methodology are very fixated into trading a short time frame that I cannot comply

Before you start PASR you MUST clear your trading brain of everything from those and start with a clean virgin slate.

I love my full time job and will never think of quitting it.

So, you're the ONE!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,352
  • May 1, 2018 10:30am May 1, 2018 10:30am
Quoting strat
PASR {quote} Welcome! I myself have been a victim of buying into 'trading courses' by trainers. Although I wouldn't call them useless, they offer only one methodology are very fixated into trading a short time frame that I cannot comply Before you start PASR you MUST clear your trading brain of everything from those and start with a clean virgin slate. I love my full time job and will never think of quitting it. So, you're the ONE!
Thank you Strat!

Yes, some habits are rather hard to get rid of, like the little people telling you to close a profiting trade early but I must say that the Strat Shadow is helping me stay in a trade much better.

And yes, I am one of the few who love their day job! I teach music for a living
  • #4,353
  • May 1, 2018 10:33am May 1, 2018 10:33am
Quoting strat
PASR {quote} Read half of the thread and would like to start demo trading during reading the remaining half. Which thread? So you believe in taking short cuts then? If you were going sky diving and you only read half the manual and instructions, would you still jump? PASR students do not trade on "demo" for the reasons I explained in the half you did not read. They PAPER TRADE Are you sure you are suitable for trading PASR without your beloved indicators and EAs and have you got over your fascination with them? EURJPY H1 and H4 is in down trend...
Thanks for comment and got it.
I will read the whole thread before my next post.

I don't believe short cut, but I believe learning from my own mistake/fault/errors, are the best way to learn
Just like learning programming, even you read the a book, you cannot get anythings from the book without make your hand dirty.
(Just my opinion in learning, no offense)

The "rainbow" is just showing the Asia/London/New York market opening hour.
But you are right, I should find another indicator which is not such colorful
  • #4,354
  • May 1, 2018 10:44am May 1, 2018 10:44am
This is a trade that I am currently ~200 pips in profit. I manage to get in after the retouch of the low of WCC, after the BEEB confirmed the breakout.

Usually, my little people would ask me to GET OUT in profit, but PASR and Strat Shadow are not giving me a reason to exit the trade.

I have placed my safety SL above the LH of the current trend.

Now, we exercise patience and WAIT.

Attachment g
Attached Image (click to enlarge)
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  • #4,355
  • May 1, 2018 11:05am May 1, 2018 11:05am
Quoting strat
EURJPY {quote} BB: The last two candles tested the resistance 132.287 and the new candle the test currently otherwise the trend is bullish. Even though the Big Boss is in a H - L- LH structure? Same comments as EURAUD
I did not see things this way, I still have a lot to learn
  • #4,356
  • May 1, 2018 11:17am May 1, 2018 11:17am
Quoting Humbucker
EUR/USD M5 OK Dudes. Guess what I did this morning? I put in a trade on my 'other' device which I don't usually trade with. I'd never set it up properly for trading.... Was watching EUR/USD consolidate and thinking 'support forming' when it broke out of the range. I was attracted by the close below a BEOB (ringed) so I hit the one-touch trading button for a sell (top line is the entry). SL above the congestion period which was in the Strat Shadow. Part of me thought to wait for another retrace into the shadow, but thought I'd jump in in case it...
EUR/USD M5

Following on from my above entry, I did place a carry-on trade with a micro-lot. However, I had quite alot of meetings in the afternoon and wasn't able to see the trade out. I exited just better than breakeven when the price jumped sharply since I didn't want to be worrying about the trade while in meetings. I saw the re-entry but too busy at that point - shoulda just stayed in (from this morning!).

Entries in green, stops in blue, exits in red for both today's trades.
Attached Image (click to enlarge)
Click to Enlarge Name: 01052018trade2.JPG Size: 59 KB
  • #4,357
  • May 1, 2018 11:41am May 1, 2018 11:41am
Quoting landax
First Analysis: BB: Bullish over the last 4 months, but has to form a Doji the month of April so price is to balance? In any case the price takes a break no precise direction. {image} B: Price stuck in a WCC for 4 weeks, the top of the WCC has been tested twice in the last two weeks. {image} W: Price is just below the WCC resistance and at the end of the triangle trendline. {image} My plan: Wait until the boss closes over the WCC and take a good entry point on Daily with a good R:R. Any opinions ?
Welcome aboard Landax. Refreshing to see a new member joining straight onto the thread and posting some half decent analysis.
Shows you have actually read the thread.
Been busy today so not managed to look at posts and I see Strat and others have given you feedback.
Nice to see some Worker analysis.
Study enough and it all starts looking like the Matrix...
  • #4,358
  • May 1, 2018 12:08pm May 1, 2018 12:08pm
PASR

Quoting landax
{quote} So you have a BULLISH bias. It's true that I saw the three main trends upward so I had this preference, I would can be not due and instead wait to see what price did. What about the resistance above the Weekly Control Candle at BRNs 1.62, 1.63 and 1.64? Then to 1.63 and 1.64 resistance I just add them on my chart What if PRICE does not close above the Weekly Control Candle? If the price does not close at the top of the WCC I prefer to do nothing for the moment and look for another opportunity somewhere else What if PRICE closes below the...
You are doing tres bien! (especially for darko and others on the other side of the English Channel).

Two things:

One, do not have a bias where you ""think"" PRICE will go; keep an open mind because PRICE will go where you don't expect it to.

Two, PRICE closing outside our Weekly Control Candle is NOT a signal to enter a trade - we have to review all other PASR conditions and options.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,359
  • May 1, 2018 12:11pm May 1, 2018 12:11pm
Quoting MikuSS
{quote} Thank you Strat! Yes, some habits are rather hard to get rid of, like the little people telling you to close a profiting trade early but I must say that the Strat Shadow is helping me stay in a trade much better. And yes, I am one of the few who love their day job! I teach music for a living
I teach music for a living

If only I had listened and UNDERSTOOD our music teacher in Grammar School when I was 12.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,360
  • May 1, 2018 12:33pm May 1, 2018 12:33pm
PASR

Quoting brian661
{quote} Thanks for comment and got it. I will read the whole thread before my next post. I don't believe short cut, but I believe learning from my own mistake/fault/errors, are the best way to learn Just like learning programming, even you read the a book, you cannot get anythings from the book without make your hand dirty. (Just my opinion in learning, no offense) The "rainbow" is just showing the Asia/London/New York market opening hour. But you are right, I should find another indicator which is not such colorful
Just like learning programming, even you read the book, you cannot get anythings from the book without make your hand dirty.

Exactly right! You must put into practice what you have learnt each time you learn something new. This is why the LURKERS on here at the bottom of each page who don't post will NEVER move forward.

The "rainbow" is just showing the Asia/London/New York market opening hour. But you are right, I should find another indicator which is not such colorful

This is what happens to those who trade indicators. Their trading brain is not working!

You DO NOT need an indicator to tell you when it is 8 am in London and 8am in New York. Yes, you are in Japan but your charts should have the Daily candle closing at 5pm New York time. It will be the same time EVERYDAY except for daylight savings time which just shift it 1 hour.

What 99.99% of people on these public trading forums don't realise is that they need their trading brain to be working at 100% efficiency at peak optimum power when they are trading. Anytime you use an indicator to do something for you, you LOSE trading brain efficiency and your trading brain becomes lazy and expects you to find other things so it doesn't have to work. The more you use and rely on indicators, EAs and other black magic crap, the slower and lazier your trading brain becomes until eventually it goes to sleep and you empty your trading accounts.

So, despite you writing ""I don't believe short cut,"" you UNCONSCIOUSLY ARE taking short cuts

If you cannot commit 100% of your trading brain to trading PASR then you are not suitable for PASR
15 YEARS OF PASR ON FOREX FACTORY!
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