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Strat's PASR Long Term, Stress Free Trading

  • #4,801
  • May 14, 2018 5:51am May 14, 2018 5:51am
EUR/NZD M5

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30 Pips
  • #4,802
  • May 14, 2018 6:22am May 14, 2018 6:22am
Quoting landax
EUR/NZD M5 {image} 30 Pips
Looking good Landax.

It looks like you are not using charts whose daily candle is set to US close. The big boys use US close, we should as well. It makes a big difference when trading higher timeframes. You can set up another account with US close charts and trade on your current one. This is what I have to do in US. Not many brokers here to choose from.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,803
  • May 14, 2018 6:38am May 14, 2018 6:38am
Quoting Rufus
{quote} Looking good Landax. It looks like you are not using charts whose daily candle is set to US close. The big boys use US close, we should as well. It makes a big difference when trading higher timeframes. You can set up another account with US close charts and trade on your current one. This is what I have to do in US. Not many brokers here to choose from.
Thanks Rufus,

I agree best is to have a broker with US close chart, but I don't know any.

Do you have one to advise me?
  • #4,804
  • May 14, 2018 6:51am May 14, 2018 6:51am
Quoting 2hpriest
My 2 cents view of the EUR/AUD. The Big boss has been on a bullish run since March 2017. The MA's (since i dont have the Strat Shadow yet) 20, 72 and 200 are all below current price thereby affirming the bullish bias too. This month bearish candle is almost touching the upward trend line. {image} The Boss is also on a bullish run although it has been ranging within a 5 weeks control candle. {image} Please guys, show me what i am not seeing here. {image}
I havent been looking at weekly charts for some time now.
I think your weekly control candle should be like below on your charts
No1 was and now it is no2 (any feedback from anyone?)
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you want the weekly candle to close outside of the previous control candle
  • #4,805
  • May 14, 2018 7:05am May 14, 2018 7:05am
EURNZD - M5

Tonight's trade taken at Demand on Breakout. This is a Nice trend with no signs of stopping yet.
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Trading thin liquidity at the boundary of the charts
  • #4,806
  • May 14, 2018 7:06am May 14, 2018 7:06am
Quoting landax
{quote} Thanks Rufus, I agree best is to have a broker with US close chart, but I don't know any. Do you have one to advise me?
Since you are in France not really. When Darko gets on here he might. But there are a number of them.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,807
  • Edited 7:42pm May 14, 2018 7:16am | Edited 7:42pm
Post deleted
Trading thin liquidity at the boundary of the charts
  • #4,808
  • May 14, 2018 7:18am May 14, 2018 7:18am
Quoting Rufus
{quote} Since you are in France not really. When Darko gets on here he might. But there are a number of them.
Sorry, can't help on that, mine closes at 7pm EST instead of 5pm EST
  • #4,809
  • May 14, 2018 7:28am May 14, 2018 7:28am
Quoting landax
{quote} Thanks Rufus, I agree best is to have a broker with US close chart, but I don't know any. Do you have one to advise me?
I m with ICMarkets and no problem so far, very low spreads (but commissions !)
  • #4,810
  • May 14, 2018 7:39am May 14, 2018 7:39am
Quoting Bestof27
{quote} I m with ICMarkets and no problem so far, very low spreads (but commissions !)
Thank you very much, I will find out about this broker!
  • #4,811
  • May 14, 2018 7:42am May 14, 2018 7:42am
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Target acquired.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,812
  • May 14, 2018 7:44am May 14, 2018 7:44am
Quoting landax
{quote} Thank you very much, I will find out about this broker!
You can use their demo for charts. Place trades on your other account. This is what I have to do. No US brokers with US closing charts.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,813
  • May 14, 2018 7:58am May 14, 2018 7:58am
Quoting RickM
I also like AUDJPY where I have entered my first Buy trade on H4. The weekly chart looks good so I will ride this trade till it becomes invalid on H4. {image}
Hi Rick,

Could you please explain your A+++ setup according to Strat's methodology?

Other than the hammer on the Boss chart, I do not see any other reasons to buy.

There is this minor resistance on the worker chart, which becomes a very important zone on the H4 chart

Furthermore, you are buying into 200ema on the H4 chart.

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  • #4,814
  • May 14, 2018 8:04am May 14, 2018 8:04am
Quoting Rufus
{quote} Looks like you are seeing things well. I'd say do what you can to simplify the appearance of your charts and get the Strat Shadow set up.
Appreciate your response, Rufus.
On simplifying the appearance of my charts, if you are looking at the many SR lines, i really need them on for now, until i am able to trade like seniors like you.
Or maybe you have other areas in mind.
On getting the Strat Shadow on my charts, my Hotforex broker MT4 Platform does not support it, at least, so they claimed when i reached out to them for support
If you know how to apply it on an MT4 , that will be taking a load of worries off my back.
I know that having it on my chart will greatly influence my learning process.
Thank you again.
  • #4,815
  • May 14, 2018 8:33am May 14, 2018 8:33am
Quoting bistolis
{quote} I havent been looking at weekly charts for some time now. I think your weekly control candle should be like below on your charts No1 was and now it is no2 (any feedback from anyone?) {image} you want the weekly candle to close outside of the previous control candle
Good day Bistolis,

Appreciate your response.

I am beginning to wonder if any group of traders will ever see eye to eye on what a correct WCC should look like.
Anytime it is brought up on a chart analysis, it sparks of dissenting views .
Maybe i should focus on understanding Basic PASR for now and with maturity pick and defend a stand on it later.
Please keep the comments coming, i need it to understand better.
Thank you
Emeka
  • #4,816
  • May 14, 2018 8:52am May 14, 2018 8:52am
Quoting 2hpriest
{quote} Good day Bistolis, Appreciate your response. I am beginning to wonder if any group of traders will ever see eye to eye on what a correct WCC should look like. Anytime it is brought up on a chart analysis, it sparks of dissenting views . Maybe i should focus on understanding Basic PASR for now and with maturity pick and defend a stand on it later. Please keep the comments coming, i need it to understand better. Thank you Emeka
Agree with Bistolis

Candle 1 was WCC
Candle 2 is potential WCC, the current candle have to close inside the Candle 2 range in order to confirm it as WCC
  • #4,817
  • May 14, 2018 8:59am May 14, 2018 8:59am
Quoting RickM
I also like AUDJPY where I have entered my first Buy trade on H4. The weekly chart looks good so I will ride this trade till it becomes invalid on H4. {image}
I was looking at this pair together with other AUD pairs but decided to wait on AUDJPY simply because it is making LH and HL on worker chart. That tightening should lead to a breakout which would bring some momentum that we could ride.
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  • #4,818
  • May 14, 2018 9:00am May 14, 2018 9:00am
Quoting 2hpriest
{quote} ... my Hotforex broker MT4 Platform does not support it, at least, so they claimed when i reached out to them for support If you know how to apply it on an MT4 .


Hey 2HP

my Hotforex broker MT4 Platform does not support it

Any broker supports strat shadow (in MT4)


If you know how to apply it on an MT4

Google " how to install indicator in MT4" ..you will get the answer. easy peasy

hope this helps
Focus, Patience, Discipline, Determination and Perseverance
  • #4,819
  • May 14, 2018 10:08am May 14, 2018 10:08am
EURJPY M5 PASR Trend Trading

Quoting fleurdelys
Good morning. I opened too early on Eur jpy... Grrrr. But I found beautiful reaction on the cloud Strat+beautiful energy on the Jpy + beautiful candle. No excuses? I should always wait 40-50 mins after opening London as I indicated by an arrow? I closed 1/2 of the positition after the long wick. Nice Ratio. The rest = BE and I am waiting for the opening of NY .... see if he will follow London! {image}
But I found beautiful reaction on the cloud

There is no ""cloud"" in PASR - it is the ""Strat Shadow""

I should always wait 40-50 mins after opening London as I indicated by an arrow?

No, wait for 1 hour after London Open as per my previous posts (unless you are very experienced with my M5 PASR Trend Trading strategy)

see if he will follow London!

New York did not follow London so no trade for me in PST

Well done, it seems you are getting the idea of my M5 PASR Trend Trading strategy
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,820
  • May 14, 2018 10:23am May 14, 2018 10:23am
EURAUD

Quoting 2hpriest
My 2 cents view of the EUR/AUD. The Big boss has been on a bullish run since March 2017. The MA's (since i dont have the Strat Shadow yet) 20, 72 and 200 are all below current price thereby affirming the bullish bias too. This month bearish candle is almost touching the upward trend line. {image} The Boss is also on a bullish run although it has been ranging within a 5 weeks control candle. {image} Please guys, shoBig Bossw me what i am not seeing here. {image}
Good first attempt at PASR.

price within the WCC

There is no Weekly Control Candle!

show me what i am not seeing here.

You are not SEEING the dojis at resistance on the Boss and Big Boss

You also cannot SEE what is going on because of all the lines you have on your charts. All you need is ONE support/resistance above where PRICE is now and ONE support/resistance below where PRICE is now on each of our time frames.
15 YEARS OF PASR ON FOREX FACTORY!
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