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Strat's PASR Long Term, Stress Free Trading

  • #4,461
  • May 2, 2018 12:57pm May 2, 2018 12:57pm
Good day Strat & Company

I would like to say Hi and introduce myself to this thread as I start my reading journey on the way to understand PASR.

Just call me Pete...
  • #4,462
  • May 2, 2018 6:34pm May 2, 2018 6:34pm
Quoting Rub
{quote} I'd take that off if I were you, keep it to the two moving averages, and the strat shadow or you're liable to be blocked like I was for a while. Anyway, Like several others I've entered a EUR/USD short, probably slightly later than I should've, targeting a weekly swing area near the 200ema. Chart pretty much says it all. {image}
Hi Rub,
I do not think your entry was late. You entered at the BEEB on the breakout, looks like textbook PASR.

Do you not trade with a SL??
  • #4,463
  • May 2, 2018 6:38pm May 2, 2018 6:38pm
Quoting JCMPete
Good day Strat & Company I would like to say Hi and introduce myself to this thread as I start my reading journey on the way to understand PASR. Just call me Pete...

Howdy Pete

Welcome. Spend A LOT of time on the threads. We all have and results show. And for God Sakes don't put any squigly indicators on your chart. See Strats post very recently about our minds being lazy. Lazy mind may work for 95% of society, but not with brain surgeons or traders.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,464
  • Edited 3:01am May 3, 2018 12:41am | Edited 3:01am
EURGBP

What do you think about this pair ?

Big boss : sideways for some 7 months, at support now, made an non perfect hammer (more a doji ?)

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPMonthly.png Size: 52 KB


Boss : Up, Confirmed swing low

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPWeekly.png Size: 49 KB


Worker : in an up swing + BUEB at strat shadow

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 51 KB


Possible buy stop above BUEB SL 70 pips TP 140 pips (first TP 100 pips Daily resistance)
  • #4,465
  • May 3, 2018 12:47am May 3, 2018 12:47am
Quoting MikuSS
{quote} Hi Rub, I do not think your entry was late. You entered at the BEEB on the breakout, looks like textbook PASR. Do you not trade with a SL??
Definitely had a stop loss, moved it to break even by the time I took the screenshot. See attached.


Quoting Bestof27
EURGBP What do you think about this pair ? Big boss : sideways for some 7 months, at support now, made an non perfect hammer {image} Boss : Up, Confirmed swing low {image} Worker : in an up swing + BUEB at strat shadow {image} Possible buy stop above BUEB SL 70 pips TP 140 pips
I don't see a trade there, lots of wicks both directions on the worker.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 33 KB
  • #4,466
  • May 3, 2018 12:50am May 3, 2018 12:50am
Quoting Rub
{quote} Definitely had a stop loss, moved it to break even by the time I took the screenshot. See attached. {quote} I don't see a trade there, lots of wicks both directions on the worker. {image}
why not taking partial profit ?
  • #4,467
  • May 3, 2018 12:51am May 3, 2018 12:51am
Quoting Rub
{quote} Definitely had a stop loss, moved it to break even by the time I took the screenshot. See attached. {quote} I don't see a trade there, lots of wicks both directions on the worker. {image}
Not sure it is an easy pair to trade ...
  • #4,468
  • May 3, 2018 12:53am May 3, 2018 12:53am
Quoting bistolis
I think I was too optimistic about this ... {image} {image}
Hi Bistolis,

I was studying your yesterdays 5M trade. (I study all of you senior's charts..). This is what I've figured.

I know we do not consider these type of candle patterns for our exits and entries..But still we can use these to fine tune our entries..
BTW I love the way you exit the trade with out much loss...

rgds

Suranga
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 32 KB
Focus, Patience, Discipline, Determination and Perseverance
  • #4,469
  • May 3, 2018 2:05am May 3, 2018 2:05am
Quoting Bestof27
{quote} Not sure it is an easy pair to trade ...
Not sure if you're talking about my EUR/USD trade?
  • #4,470
  • May 3, 2018 2:17am May 3, 2018 2:17am
Quoting Rub
{quote} Not sure if you're talking about my EUR/USD trade?
No sorry I was talking about EURGBP pair
  • #4,471
  • May 3, 2018 3:06am May 3, 2018 3:06am
Quoting Rub
{quote} Definitely had a stop loss, moved it to break even by the time I took the screenshot. See attached. {quote} I don't see a trade there, lots of wicks both directions on the worker. {image}
Hi Rub,
I see the 'l' now! Usually i place the SL a little lower so I can get out without a loss. Not used to see the SL camouflaged behind!
  • #4,472
  • May 3, 2018 3:10am May 3, 2018 3:10am
Quoting Bestof27
EURGBP What do you think about this pair ? Big boss : sideways for some 7 months, at support now, made an non perfect hammer (more a doji ?) {image} Boss : Up, Confirmed swing low {image} Worker : in an up swing + BUEB at strat shadow {image} Possible buy stop above BUEB SL 70 pips TP 140 pips (first TP 100 pips Daily resistance)
Hi Bestof27,

Agree with Rub here. Although the BUEB looks tempting, I'd pass because the pair is too wicky and not trending when I look to the left on the worker chart. Strat Shadow looks horrible as well.
  • #4,473
  • May 3, 2018 3:14am May 3, 2018 3:14am
Quoting Suran
{quote} Hi Bistolis, I was studying your yesterdays 5M trade. (I study all of you senior's charts..). This is what I've figured. I know we do not consider these type of candle patterns for our exits and entries..But still we can use these to fine tune our entries.. BTW I love the way you exit the trade with out much loss... rgds Suranga {image}
thanks for the feedback
  • #4,474
  • May 3, 2018 3:25am May 3, 2018 3:25am
Quoting MikuSS
{quote} Hi Bestof27, Agree with Rub here. Although the BUEB looks tempting, I'd pass because the pair is too wicky and not trending when I look to the left on the worker chart. Strat Shadow looks horrible as well.
I agree with both of you, moreover the candle after the BUEB is not much tempting
  • #4,475
  • May 3, 2018 4:41am May 3, 2018 4:41am
Hello Strat and the others..this is a trade i closed just now
Breaking worker support with a Bearsih bar ( Short after the candle closed marked by arrow)
Open short with TP at 72 EMA confluence with WCC support
Red line is boss support and ressistance
Dotted red line is worker support
hope this is an example of Basic PSAR. if not please correct it. willing to learn from all of you guys
still reading the old thread and this thread.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.mDaily030518.png Size: 55 KB
  • #4,476
  • May 3, 2018 4:43am May 3, 2018 4:43am
AUDUSD M5 PASR TREND TRADING

The market has fallen out of the ugly tree and hit every branch on the way down today
Yet when clean opportunities present themselves, you have to take chances.
This one was slightly different than what I generally post, but I remain convinced it was M5 PASR trend trading as tought by Strat:
- the entry was unorthodox, but you have to look at the context as well as what the BUEB is telling you
- the exit was without a PASR signal but given how soft the trend is, I relied on my S/R to exit without wanting to be too greedy

I hope this helps
Be prudently bold
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD-5-minutes.png Size: 27 KB
  • #4,477
  • May 3, 2018 4:46am May 3, 2018 4:46am
Another trade with stoploss in profit already
open short after breaking that bull candle low with a bearish candle.
Price inside a WCC..one pos TP to the nearest support..another TP to low of WCC.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.mDaily030518.png Size: 56 KB
  • #4,478
  • May 3, 2018 4:50am May 3, 2018 4:50am
another trade i missed
price hit low of WCC which confluence with 72 and 200 EMA and weekly support and close Bullish (First arrow)
now price is breaking out of strat shadow ( second arrow)
if candle close bullish out of strat shadow might be a long setup guys..?

edit: it is so tempting to open long right now..just remember the first post about wait till candle close and strict to the rule..
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCHF.mDaily030518.png Size: 67 KB
  • #4,479
  • May 3, 2018 5:56am May 3, 2018 5:56am
Quoting An_Lie88
Hello Strat and the others..this is a trade i closed just now Breaking worker support with a Bearsih bar ( Short after the candle closed marked by arrow) Open short with TP at 72 EMA confluence with WCC support Red line is boss support and ressistance Dotted red line is worker support hope this is an example of Basic PSAR. if not please correct it. willing to learn from all of you guys still reading the old thread and this thread. {image}
Hi An_Lie,
Congrats on a profitable trade. However, a few questions:

Did you enter on the close of that candle you indicated? So you traded into a support line that you drew?

And correct me if I am wrong, I believe trading an engulfing candle into Strat Shadow is not part of PASR.
  • #4,480
  • May 3, 2018 5:57am May 3, 2018 5:57am
Quoting An_Lie88
another trade i missed price hit low of WCC which confluence with 72 and 200 EMA and weekly support and close Bullish (First arrow) now price is breaking out of strat shadow ( second arrow) if candle close bullish out of strat shadow might be a long setup guys..? edit: it is so tempting to open long right now..just remember the first post about wait till candle close and strict to the rule.. {image}
The first time you break that rule and that the candle closes in a shape that had nothing to do with your hopes and expectations, you will remember to respect that rule forever (hopefully)
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