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Strat's PASR Long Term, Stress Free Trading

  • #4,861
  • May 15, 2018 6:48am May 15, 2018 6:48am
My idea was to close and re-enter to the next pullback, but the market was too fast. A good opportunity missed. The next time I will partially close the profits and then add to the next pullback.
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However I found another interesting trade.
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  • #4,862
  • May 15, 2018 6:53am May 15, 2018 6:53am
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Have been on this trade for some days.
Entered on a Sell stop order although the next day a bullish candle appeared,
Since it was a plan trade, i waited to trade my plan.
At that time , just as it is today, the Big boss and Boss were a bearish sentiment.
Dr. Joe's trading style in action.
If the Support area of 1.328ish is broken, then it will be a downward ride to fat city.

2hp
  • #4,863
  • May 15, 2018 6:53am May 15, 2018 6:53am
Quoting MikuSS
Seems like I am the only one trading Daily with all these M5 charts! {image} This is a trade I took this morning which I didn't have time to post till now. Although Boss closed with a nice hammer, Big Boss is still showing downward momentum with nothing in its way. On the worker chart, a DBHLC/BEEB on yesterday's close at the LOW of the WCC tells me the Big Boys still have some momentum left. Very glad that it is working out well so far. Will close this trade soon as the Boss is warning a reversal coming...

You're not the only one. I elected not to take that trade as I already have one with the AUD in it.

There are just a lot more trade on a 5m chart then there is on the Daily.

My goal is to make the daily charts pay for my living expenses, 5m for fishing, Scotch and cigars.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,864
  • May 15, 2018 7:22am May 15, 2018 7:22am
EURCAD

Quoting Svolacius
EUR/CAD just went under my radar: Price is at support on the downswing. Price seems to be respecting the trendline. Nothing to trade yet, but an interesting structure to study for now. {image} {image} {image}
This pair is in conflict across all 3 of our time frames so WAIT for them to be resolved.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,865
  • May 15, 2018 7:45am May 15, 2018 7:45am
USDCHF

Quoting 2hpriest
Greetings to you guys. Just observed something interesting developing in the USD/CHF pair and thought i should share. The big boss has been on a bullish run likewise the Boss and Worker too. It has come to a major Resistance at the BRN 1.000ish. From the chart, we can see that it has an history with this area and since it will take another two weeks for the candle to close, we shift to the Boss. {image} The Boss as we can see has a further history with this SR level which dates back to 2008( that is as far back as my chart can show me) Even as recently...
On the understanding that your analysis is just for practice purposes and NOT for trading, here are my comments:

The big boss has been on a bullish run likewise the Boss and Worker too.
It has come to a major Resistance at the BRN 1.000ish. From the chart, we can see that it has an history with this area and since it will take another two weeks for the candle to close, we shift to the Boss.

You missed that there is no Strat Shadow as the moving averages are flat telling us that PRICE is consolidating in a range, albeit a 1300 pips range

The Boss as we can see has a further history with this SR level which dates back to 2008( that is as far back as my chart can show me)
Even as recently as last year , it took a huge 800+ pips tumble southward at this level. Presently we can see the dojis lining up at the same level already.

Good observation

The Worker as expected is tugging along on the same path. We can see this in the increasing small size spin bars and dojis which it has been forming for some days now especially since getting around this SR zone.

What is a ""spin bar?""

Though the MA's (Strat Shadow) seem to support the bullish bias, do i need to wait for the Boss candle to close or do i look for PA on the Worker alone, to place a trade?

You take and evaluate everything into consideration including The Power of Time Frames. You cannot take a trade until you SEE PASR. PRICE action at resistance across all 3 time frames will determine whether you SEE PASR or not. No PASR - NO TRADE.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,866
  • Edited 8:29am May 15, 2018 8:12am | Edited 8:29am
AUDUSD

Quoting MikuSS
Seems like I am the only one trading Daily with all these M5 charts! {image} This is a trade I took this morning which I didn't have time to post till now. Although Boss closed with a nice hammer, Big Boss is still showing downward momentum with nothing in its way. On the worker chart, a DBHLC/BEEB on yesterday's close at the LOW of the WCC tells me the Big Boys still have some momentum left. Very glad that it is working out well so far. Will close this trade soon as the Boss is warning a reversal coming...
Seems like I am the only one trading Daily with all these M5 charts!

Don't worry, you are the tortoise against the hare! The M5 guys will never beat the pip haul of the Worker BUT they will beat the amount of time they have to nurse their trades. A couple of minutes at the end of each day versus hour after hour chained to the one eyed monster on M5.

I only posted my M5 PASR Trend Trading strategy as a way to accelerate the PASR learning process.

Although Boss closed with a nice hammer

A ""nice hammer?"" This tells me you do NOT read the posts on here! Go back to Post 4783 and keep reading it and UNDERSTANDING it and then tell me if you think it is still a ""nice hammer"" Better yet, tell me what you think it is.

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Big Boss is still showing downward momentum with nothing in its way. On the worker chart, a DBHLC/BEEB on yesterday's close at the LOW of the WCC tells me the Big Boys still have some momentum left.

This is very good!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,867
  • Edited 8:49am May 15, 2018 8:28am | Edited 8:49am
USDJPY & EURNZD M5

Quoting Giannis95
My idea was to close and re-enter to the next pullback, but the market was too fast. A good opportunity missed. The next time I will partially close the profits and then add to the next pullback. {image} However I found another interesting trade. {image}
This tells me you do not UNDERSTAND my M5 PASR Trend Trading strategy.

USDJPY
At the time of your USDJPY trade PRICE was stuck in a consolidated range! You were LUCKY that PRICE moved in your favour this time but I GUARANTEE it will not always do it and you will NEVER be consistently profitable trading like this.

EURNZD
However I found another interesting trade.

What was interesting about this trade besides the fact that it was the TOTAL OPPOSITE of my M5 PASR Trend Trading strategy?

You traded AGAINST the EXISTING DOWN TREND.

You traded the PULL BACK to that TREND

You, nor I, nor ANYONE ELSE knew, at the time of your trade, that this would work out. More often than not, PRICE will turn back into the TREND and you will BURN IN HELL!

AGAIN, you will LOSE your account in the long run with RECKLESS trading like this.

Either trade my M5 PASR Trend Trading strategy or post elsewhere with the LOSERS.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,868
  • May 15, 2018 8:40am May 15, 2018 8:40am
GBPUSD

Quoting 2hpriest
{image} Have been on this trade for some days. Entered on a Sell stop order although the next day a bullish candle appeared, Since it was a plan trade, i waited to trade my plan. At that time , just as it is today, the Big boss and Boss were a bearish sentiment. Dr. Joe's trading style in action. If the Support area of 1.328ish is broken, then it will be a downward ride to fat city. 2hp
Have been on this trade for some days

WHY? Where is PASR to enter? Have you heard of selling into support?

Since it was a plan trade

Your PLANNING leaves much to be desired

Dr. Joe's trading style in action.

What? This has NOTHING to do with it! Go back and read it until you UNDERSTAND what it is.

If the Support area of 1.328ish is broken, then it will be a downward ride to fat city.

That is not where ""Fat City"" is!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,869
  • Edited 9:47am May 15, 2018 8:44am | Edited 9:47am
Quoting Giannis95
My idea was to close and re-enter to the next pullback, but the market was too fast. A good opportunity missed. The next time I will partially close the profits and then add to the next pullback. {image} However I found another interesting trade. {image}
EURNZD M5 PASR Trend Trading:

I believe this trade is not taken with our trading system here, because if it was, you won't takes trade inside the Strat Shadow. And be very careful here because of the newbie traders that's come here every day, so that, they aren't mislead by taking counter-ternd trades, this trading system is all about TREND Trading (M5 PASR Trend Trading Strategy).



Happy Trading,
Yomi.
Time always comes before price
  • #4,870
  • May 15, 2018 9:01am May 15, 2018 9:01am
AUDJPY

Quoting MikuSS
{quote} 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. {image}
Could you please explain your A+++ setup according to Strat's methodology?

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He cannot do this because he is NOT a student of PASR and does not UNDERSTAND PASR. He is just a smart ass LURKING on everyone's' threads trying to show how good he is.

If this is one of his A+++ set ups, can you imagine what the rest of them are like?

Oh wait a minute, he has now DELETED his post!

Don't waste your time with LURKERS.

Your evaluation and reasoning was spot on though, good job!
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,871
  • May 15, 2018 9:10am May 15, 2018 9:10am
Quoting strat
GBPUSD {quote} Have been on this trade for some days WHY? Where is PASR to enter? Have you heard of selling into support? Since it was a plan trade Your PLANNING leaves much to be desired Dr. Joe's trading style in action. What? This has NOTHING to do with it! Go back and read it until you UNDERSTAND what it is. If the Support area of 1.328ish is broken, then it will be a downward ride to fat city. That is not where ""Fat City"" is!
Sir,
What i meant by 'Spin bar' were those candle formations with body range that are too big to be called a doji yet too small to be an engulfing or outside bars relative to where they are located among other candles.
It is obvious that description does not make any meaning here.
Corrections noted.
Back to the classroom.
Thank you
Emeka
  • #4,872
  • May 15, 2018 9:11am May 15, 2018 9:11am
Quoting 2hpriest
{quote} Sir, What i meant by 'Spin bar' were those candle formations with body range that are too big to be called a doji yet too small to be an engulfing or outside bars relative to where they are located among other candles. It is obvious that description does not make any meaning here. Corrections noted. Back to the classroom. Thank you Emeka
'spinning top' I believe is the notation you were looking for?
  • #4,873
  • May 15, 2018 9:52am May 15, 2018 9:52am
PASR

Quoting 2hpriest
{quote} Sir, What i meant by 'Spin bar' were those candle formations with body range that are too big to be called a doji yet too small to be an engulfing or outside bars relative to where they are located among other candles. It is obvious that description does not make any meaning here. Corrections noted. Back to the classroom. Thank you Emeka
There is no ""spinning top"" candle on your chart

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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,874
  • May 15, 2018 10:14am May 15, 2018 10:14am
Quoting strat
AUDUSD {quote} Seems like I am the only one trading Daily with all these M5 charts! Don't worry, you are the tortoise against the hare! The M5 guys will never beat the pip haul of the Worker BUT they will beat the amount of time they have to nurse their trades. A couple of minutes at the end of each day versus hour after hour chained to the one eyed monster on M5. I only posted my M5 PASR Trend Trading strategy as a way to accelerate the PASR learning process. Although Boss closed with a nice hammer A ""nice hammer?"" This tells me you do NOT read...
Hi Strat,
As always, thank you for your reply.

I am still confused between a real hammer and a Bond hammer. Let us look at the ''hammer'' on the Boss chart of AUDUSD.

It has a long tail reaching down to the next level of support
Does it count..?
It has a very short wick
Yes.
Its body is less than half the length of the complete candle
Yes.
Its body has CLOSED at support
No.
The Hammer is at the end of the down swing
Maybe..?
The candle stands out on its own - it is below all others in that swing with nothing to the left of it.
Doesn't stand out as much, but definitely space to the left as well.

From the checklist, I agree that the hammer of AUDCAD is better than that of AUDUSD. However, they have both reacted to a SR zone. How do we know if a hammer is a real hammer, or a Bond hammer? Must a real hammer ''take out'' the entire SR zone?

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  • #4,875
  • May 15, 2018 10:37am May 15, 2018 10:37am
Hammer

Quoting MikuSS
{quote} Hi Strat, As always, thank you for your reply. I am still confused between a real hammer and a Bond hammer. Let us look at the ''hammer'' on the Boss chart of AUDUSD. It has a long tail reaching down to the next level of support Does it count..? It has a very short wick Yes. Its body is less than half the length of the complete candle Yes. Its body has CLOSED at support No. The Hammer is at the end of the down swing Maybe..? The candle stands out on its own - it is below all others in that swing with nothing to the left of it. Doesn't stand...
The body is what gives it away! There is no body. It is a doji - almost a dragonfly doji.

When the OPEN and CLOSE are at the same PRICE as in this case, it tells you neither the buyers or sellers have any interest. When this happens, PRICE almost always continues in the direction of the prevailing trend.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,876
  • May 15, 2018 11:00am May 15, 2018 11:00am
My Gold trade reached first support and got closed. Entered below the low of marked candle as on BB chart price was rejected multiple times by resistance and therefore price went into a range. I was looking to trade the break of it and it looks like there may be entries to sell again.
Why I took the profits instead of letting it run: Price is close to BB Strat shadow, at the bottom of SS on Boss chart.

Again, trade is profitable but lacking the one element of this thread's name: LONG-TERM. Don't understand what I am doing wrong in this department, I would not want to hold it for longer before we get PA setup and current price area.
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  • #4,877
  • May 15, 2018 11:04am May 15, 2018 11:04am
GOLD

Quoting Svolacius
My Gold trade reached first support and got closed. Entered below the low of marked candle as on BB chart price was rejected multiple times by resistance and therefore price went into a range. I was looking to trade the break of it and it looks like there may be entries to sell again. Why I took the profits instead of letting it run: Price is close to BB Strat shadow, at the bottom of SS on Boss chart. Again, trade is profitable but lacking the one element of this thread's name: LONG-TERM. Don't understand what I am doing wrong in this department,...
Excellent, well done.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,878
  • May 15, 2018 4:08pm May 15, 2018 4:08pm
Hi strat. I have glanced over the first few posts. And this seems interesting. Looks like its a whole package to learn PASR and I think once learned, it can be applied to any instrument in any market. I have downloaded the PDF you attached in the first post and I'm going to start going through that. I just wanted to appreciate what you are doing. And ask a couple of questions before I start learning from you.

Just by quickly glancing, I see that monthly and weekly charts are analyzed at while trades are taken from daily charts. This makes me think that the trades remain active for quite long. What's the average time you stay in the trade for? In the last few posts, I see you've mentioned your M5 strategy as well. I will find that and study that too. Personally, I prefer remaining in trades for short period of time (max a couple of days) so maybe M5 strategy would suit me better.

After going through the PDF, would you advise me to start going through this thread or your old one which you have linked to in the first post?

Thank you very much.
Cheers!
  • #4,879
  • Edited 8:18pm May 15, 2018 6:01pm | Edited 8:18pm
Quoting jas0992
Hi strat. I have glanced over the first few posts. And this seems interesting. Looks like its a whole package to learn PASR and I think once learned, it can be applied to any instrument in any market. I have downloaded the PDF you attached in the first post and I'm going to start going through that. I just wanted to appreciate what you are doing. And ask a couple of questions before I start learning from you. Just by quickly glancing, I see that monthly and weekly charts are analyzed at while trades are taken from daily charts. This makes me think...
Hi Jas,

Welcome to the thread! I would love to go to Pakistan one day!

To fully understand Strat's methodology and PASR, I strongly advise you to read as much as you can from the old and new threads. The PDF is concise but far from completed. The threads have way more charts to study.

With regards to the duration of the trade, there is nothing fixed! It could be a day long, or could be weeks. We take what the market gives us and re-evaluate our trades and risk on a daily basis. Look at Big Boss and Boss charts on a monthly and weekly basis respectively.

As posted before, do not hurry to choose the time frame, but let the time frame choose you. M5 and Daily both requires 2 different sets of psychology, and 2 different ways to deal with your Little People. Try both out, and see which one you are most comfortable with.

All the best!
  • #4,880
  • May 15, 2018 6:09pm May 15, 2018 6:09pm
Quoting jas0992
Hi strat. I have glanced over the first few posts. And this seems interesting. Looks like its a whole package to learn PASR and I think once learned, it can be applied to any instrument in any market. I have downloaded the PDF you attached in the first post and I'm going to start going through that. I just wanted to appreciate what you are doing. And ask a couple of questions before I start learning from you. Just by quickly glancing, I see that monthly and weekly charts are analyzed at while trades are taken from daily charts. This makes me think...

Maybe I can save Strat some typing here. He has enough to do dealing with the motley crew we have here. First off, the PDF was something another trader put together and it is a VERY brief summary of what is in the threads. There is a lot of valuable information here that would require a large book to contain.

As for timeframes... Your personality will dictate that. PASR can be traded on any timeframe.

Which thread????. I started with this one. I guess take a pick. There is also a link in the first post on "Path of learning" This has a start of information.

Time in a daily trade... How much time will it take to move 300, 400, or 1000 pips? Time is relative.

There are no shortcuts on the path of PASR, just need to start. Leave the indicators off your chart and don't thread hop.

That should get you started.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
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