Strat's PASR Long Term, Stress Free Trading | Page 247 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MY PASR journey Based on Strat's PASR Trading 76 replies

M5 PASR Trend Trading Strat 95 replies

My PASR Trend Trading Journals 3 replies

A young trader's road to profitability - PASR trading - Live 11 replies

Fibs trading and PASR 0 replies

Attachments: Strat's PASR Long Term, Stress Free Trading
Exit Attachments

Strat's PASR Long Term, Stress Free Trading

  • #4,921
  • May 17, 2018 12:00am May 17, 2018 12:00am
Quoting trogger
{quote} This one got transferred to the "set & forget " portfolio......
Hi Trogger,

Happy to see a post from you. Pls keep them coming.I thought you fed up with all these M5 stuff..Missed your posts last couple of days.Thanks for your insights. good learning.

suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #4,922
  • May 17, 2018 12:34am May 17, 2018 12:34am
Quoting strat
PASR {quote} Blue dotted lines are supports/resistances on the big boss, red on the boss and orange on the worker. Do you READ my posts on here? Did you READ Post 4820 specifically the last paragraph? Did you UNDERSTAND what I said about too many lines? AGAIN, what you, and everyone else who put meaningless lines on their charts, don't realise, is that you are INVITING your Little People to PARTY at YOUR expense. If you don't UNDERSTAND this ASK! I don't feel much confident in my reading behind candles Today's candle is a HANGING MAN at RESISTANCE...
Thank you strat for your advices

The Hanging man at resistance is a warning that a reversal may happen, but it needs confirmation... So let see what today daily candle has to say....

A per my too many lines I made some clean up... There is one line before and after the price for each time frame, can I improve it ?

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDDaily.png Size: 62 KB


For the story Bestof was my nickname at university (because was having many Bestof music CDs)... and still follows me....
I m doing my best to improve myself but I m the best in nothing ! (unfortunately or fortunately ...)
  • #4,923
  • Edited 3:03am May 17, 2018 2:21am | Edited 3:03am
After spending a couple of weeks in a weekly control candle, GBP/AUD broke out a couple of weeks ago. This is one of my trades running at the moment.

Boss closed below WCC, then formed a doji at the strat shadow the following week.

Worker formed a small doji then a large down candle to below the strat shadow, without closing above the 20EMA, and testing support of worker shadow and support.

4Hr formed a doji testing the strat shadow, and forming a possible lower high last night my time. So I set a pending order a few pips below. Set the stop to break even when I was 40 pips up. I was going to close it this morning my time for ~1.5:1 R:R, but didn't get a chance before the spike, but seeing as it didn't take me out I'm going to let it run to see if it makes it to the next level of boss support (lower blue line).

Edited to add my R:R for the trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUDWeekly.png Size: 40 KB
Click to Enlarge Name: GBPAUDDaily.png Size: 45 KB
Click to Enlarge Name: GBPAUDH4.png Size: 51 KB
  • #4,924
  • May 17, 2018 2:56am May 17, 2018 2:56am
Quoting Rub
After spending a couple of weeks in a weekly control candle, GBP/AUD broke out a couple of weeks ago. This is one of my trades running at the moment. Boss closed below WCC, then formed a doji at the strat shadow the following week. Worker formed a small doji then a large down candle to below the strat shadow, without closing above the 20EMA, and testing support of worker shadow and support. 4Hr formed a doji testing the strat shadow, and forming a possible lower high last night my time. So I set a pending order a few pips below. Set the stop to...
For me price it at support on the Boss and the Worker, so I wouldn't have shorted ... Just my view of course !
  • #4,925
  • May 17, 2018 3:01am May 17, 2018 3:01am
Quoting Bestof27
{quote} For me price it at support on the Boss and the Worker, so I wouldn't have shorted ... Just my view of course !
Same here, looking for more confirmation - in order to short this pair I want to see a strong close below support.
  • #4,926
  • May 17, 2018 3:09am May 17, 2018 3:09am
Quoting Rub
After spending a couple of weeks in a weekly control candle, GBP/AUD broke out a couple of weeks ago. This is one of my trades running at the moment. Boss closed below WCC, then formed a doji at the strat shadow the following week. Worker formed a small doji then a large down candle to below the strat shadow, without closing above the 20EMA, and testing support of worker shadow and support. 4Hr formed a doji testing the strat shadow, and forming a possible lower high last night my time. So I set a pending order a few pips below. Set the stop to...
Hi Rub,

Very tempting to enter with the BEOB/BEEB on the worker. Be careful of immediate support.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 85 KB
  • #4,927
  • May 17, 2018 3:23am May 17, 2018 3:23am
hello guys
another trade i am taking right now

Big Boss : Confirmed swing low on Big Boss
Boss : 4 weeks trapped inside the WCC
Worker : Closed Bullish Bar outside the WCC and above worker ressistance.Price has been trending up from 20 March.

open a long pos after daily close yesterday (arrow candle)
SL a few pips below the bullish bar
first target weekly ressistance. but will see what the price do at the ressistance
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CADJPY.mMonthly.png Size: 34 KB
Click to Enlarge Name: CADJPY.mWeekly.png Size: 44 KB
Click to Enlarge Name: CADJPY.mDaily.png Size: 45 KB
  • #4,928
  • May 17, 2018 3:35am May 17, 2018 3:35am
this might worth waiting

big boss : potential confirmed swing high in progress.
Boss : Price trapped inside strat EMA
Worker : Price keep making lower high and lower low yesterday close Bearsih but on worker support

maybe a Sell Stop below the bearish bar with stop loss above recent swing high
not a trade recommendation because i am still learning in this thread.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCAD.mMonthly.png Size: 30 KB
Click to Enlarge Name: GBPCAD.mWeekly.png Size: 45 KB
Click to Enlarge Name: GBPCAD.mDaily.png Size: 40 KB
  • #4,929
  • May 17, 2018 3:48am May 17, 2018 3:48am
Monthly : last month candle closed make a confirmed swing high
Weekly : hitting ressistance also
we can keep selling all the rallies on smaller timeframe but dont know why i cant catch anything in this pair LOL
PASR ROCKS ..

lucky i found this thread before i join any subcriptions on instagram.
your PASR Thread have taught me alot sir..thank you very much mr Strat.

i am still reading the old thread..have a lot of valuable things in there..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCAD.mMonthly.png Size: 31 KB
Click to Enlarge Name: EURCAD.mH4.png Size: 39 KB
Click to Enlarge Name: EURCAD.mWeekly.png Size: 50 KB
  • #4,930
  • May 17, 2018 4:06am May 17, 2018 4:06am
Attached Image
  • #4,931
  • May 17, 2018 4:34am May 17, 2018 4:34am
Quoting strat
AUDNZD {quote} Well done! As you progress on The Path and gain experience, you will be able to get an earlier entry above the blue line on my chart. Why have you got all those lines on your chart? What are they telling you? Make sure you UNDERSTAND what today's candle is telling you. I'm far from the daily 100 pips! Nobody said YOU have to have a daily target of 100 pips, is this what you have? Remember, you only spent a couple of minutes of STRESS FREE analysis at the end of each day; the M5 traders are glued to the one eyed monster for 2 to 3...
Good morning Team,
When i first saw this trade, i thought that i saw it late.
But looking at the reply of Strat above, it is better to be late than never.
The Big boss, Boss and the Worker were looking bullish.
The Boss showed a reversal of the bearish run with a doji (at least that was what it showed on my chart)
At that point would it have been wrong to place a buy stop order at the height of the doji candle knowing that it was not a perfect hammer?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDWeekly.png Size: 41 KB


The Worker went into a consolidation period along the upward trend movement(highlighted)
Then it presented the BUEB at long the way and i entered a buy stop order that came into play 6 days later.
But how long will this upward drive continue? That is not for me to decide, all i have to do is follow it as long as it goes
At least to the next Resistance level of 1.104ish.
The MA's (Strat Shadow) is below the price in both the Boss and Worker.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDDaily.png Size: 35 KB


NB.
  • #4,932
  • May 17, 2018 5:34am May 17, 2018 5:34am
Quoting An_Lie88
hello guys another trade i am taking right now Big Boss : Confirmed swing low on Big Boss Boss : 4 weeks trapped inside the WCC Worker : Closed Bullish Bar outside the WCC and above worker ressistance.Price has been trending up from 20 March. open a long pos after daily close yesterday (arrow candle) SL a few pips below the bullish bar first target weekly ressistance. but will see what the price do at the ressistance {image} {image} {image}
Hey An_Lie88,
I am also on this trade for more than a week now.
I actually took it to better test my understanding of the WCC.
As you already noted, when i noticed that this candle had been in control for some weeks.
I remember that we can only trade it at the break of the candle with a proper PA.
So when i noticed the BUOB/BUEB on the Boss, although it closed within the WCC,
I decided to place a Buy Stop order above the high of it., which was activated 4 days later.
Though this looks like buying into Resistance, with price still below the Boss 200 MA, was i too early in placing this trade?
Let us wait to be Stratified (put on the right path) on this.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYWeekly.png Size: 32 KB

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYDaily.png Size: 26 KB
  • #4,933
  • May 17, 2018 6:35am May 17, 2018 6:35am
Quoting An_Lie88
this might worth waiting big boss : potential confirmed swing high in progress. Boss : Price trapped inside strat EMA Worker : Price keep making lower high and lower low yesterday close Bearsih but on worker support maybe a Sell Stop below the bearish bar with stop loss above recent swing high not a trade recommendation because i am still learning in this thread. {image} {image} {image}
Your analysis is very interesting i must confess.
I agree with you on the direction of the Big boss, Boss and Worker.
In fact the Boss has been on a bearish run since March this year as if her life depends on it.
The Worker too has been making the LH's and LL's on a downward slide with the Bosses.
Yet i wish to observe that this pair was at this same position 7 days ago and went upwards until it banged it head on the Resistance 1.73733, it could repeat it.
It is also true that the present price is at a major Support that dates back to 2016.
It is also true that this bearish run is a counter to an earlier bullish run from September last year.
The Italian Ice cream man is seeing the present price at close to 50 fib retracement (is this relevant here?)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADDaily.png Size: 31 KB

Bottom line;
Let us wait for the close of the present candle EOD
If it breaks the Support, a Sell Stop order will not be out of place.
If it does, it might slide down to the next support 1.696ish level.
Thank you
  • #4,934
  • May 17, 2018 7:20am May 17, 2018 7:20am
EUR/USD M5 smash + grab

Traded the breakout of worker support at BRN 1.1800. Exited due to big doji candle at first worker support (~1.1782) and no obvious closer SL. Decided to look for a re-entry when the strat shadow caught up with price, but it's looking like people aren't liking the Euro at these prices and my exit was a decent move so I'll book those pips and get on with my day.

8 or 9 pips in total but it's all part of the learning process.
Attached Image (click to enlarge)
Click to Enlarge Name: Inked17052018trade.jpg Size: 616 KB
  • #4,935
  • May 17, 2018 7:34am May 17, 2018 7:34am
Quoting strat
{quote} I forgot to tell you: I'm blonde! A Blonde told her girlfriend, "I was so worried that my mechanic might try to rip me off. And I was so relieved when he told me that all I needed was blinker fluid!" A redhead tells her blonde stepsister, "I slept with a Brazilian...." The blonde replies, "Oh my God! You slut! How many is a brazilian?" Sorry, I couldn't resist!
Haha I was sure if I said the color of my hair, we were going out a joke
lol

I am disgusted!
I have short GPB USD ...
But I had an unexpected last minute, I had to leave my computer. I preferred to close my trade with mini loss.
When I came back I saw that the trade was going in the right direction!
Attached Image (click to enlarge)
Click to Enlarge Name: Gbpusd m5.jpg Size: 165 KB


I had hesitated to open GBP CAD, but I wonder if it's shooting star correct? (I think low wick of the candle, too long?)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Shooting.jpg Size: 166 KB

Finally I did not open because opening 2 * the same currency, is not terrible, bad.
  • #4,936
  • May 17, 2018 8:01am May 17, 2018 8:01am
Quoting fleurdelys
{quote} Haha I was sure if I said the color of my hair, we were going out a joke lol I am disgusted! I have short GPB USD ... But I had an unexpected last minute, I had to leave my computer. I preferred to close my trade with mini loss. When I came back I saw that the trade was going in the right direction! {image} I had hesitated to open GBP CAD, but I wonder if it's shooting star correct? (I think low wick of the candle, too long?) {image} Finally I did not open because opening 2 * the same currency, is not terrible, bad.
Your showing tremendous potential. Just see if you can try more bearish engulfing candles entries (gcad).

Refer to strat feedback .. Trading the same trend setups but he knows the strat shadow.
It's in fear when people show what they truly value.
  • #4,937
  • May 17, 2018 8:04am May 17, 2018 8:04am
Quoting fleurdelys
{quote} Haha I was sure if I said the color of my hair, we were going out a joke lol I am disgusted! I have short GPB USD ... But I had an unexpected last minute, I had to leave my computer. I preferred to close my trade with mini loss. When I came back I saw that the trade was going in the right direction! {image} I had hesitated to open GBP CAD, but I wonder if it's shooting star correct? (I think low wick of the candle, too long?) {image} Finally I did not open because opening 2 * the same currency, is not terrible, bad.
Well the bad news is (obviously) that you booked a loss on one and you missed the bus on the other.

The good news is you are clearly picking trades in the right places and in the right directions. You are also using really tight, but still logical, stops, the combination of which means a higher probability of profitability.

As to the question of what a Strat-approved shooting star would like I'm still learning. Just note that the candle on GBP/USD is in confluence with worker S/R (once at support, and once at resistance to the left of your chart), whereas the CAD one is floating freely in space with only strat shadow as confluence. It's obvious which one gave a more tradeable signal.
  • #4,938
  • May 17, 2018 8:57am May 17, 2018 8:57am
Quoting Humbucker
{quote} Well the bad news is (obviously) that you booked a loss on one and you missed the bus on the other. The good news is you are clearly picking trades in the right places and in the right directions. You are also using really tight, but still logical, stops, the combination of which means a higher probability of profitability. As to the question of what a Strat-approved shooting star would like I'm still learning. Just note that the candle on GBP/USD is in confluence with worker S/R (once at support, and once at resistance to the left of your...
Agreed. you said it much better.. she is involved in the right places. good eye
It's in fear when people show what they truly value.
  • #4,939
  • May 17, 2018 9:29am May 17, 2018 9:29am
AUDNZD

Quoting Bestof27
{quote} Thank you strat for your advices The Hanging man at resistance is a warning that a reversal may happen, but it needs confirmation... So let see what today daily candle has to say.... A per my too many lines I made some clean up... There is one line before and after the price for each time frame, can I improve it ? {image} For the story Bestof was my nickname at university (because was having many Bestof music CDs)... and still follows me.... I m doing my best to improve myself but I m the best in nothing ! (unfortunately or fortunately ...)...
The Hanging man at resistance is a warning that a reversal may happen, but it needs confirmation... So let see what today daily candle has to say....

Yes, exactly. So what will you do after today's candle CLOSED?

As per my too many lines I made some clean up... There is one line before and after the price for each time frame, can I improve it ?

You still do not UNDERSTAND! You have 7 lines on your trading chart. Did you not look at my TRADING chart that I posted for you? Here it is again

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 50 KB


Resistance ABOVE where PRICE is NOW and Support BELOW where PRICE is NOW

I m doing my best to improve myself but I m the best in nothing !

You MUST turn this negativity into POSITIVITY if you want to be successful. Everyone is the ""best"" at something - the trouble is many never find what that "something" is. You are learning very well on The Path.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,940
  • May 17, 2018 9:50am May 17, 2018 9:50am
Quoting Humbucker
EUR/USD M5 BOOOOOOOOOOOOOOMMMMMMMMMM!!!!!!!!!! Busy afternoon so i took my pips and ran. {image}
Hi Humbucker

I would like to test my understanding of PASR against what I have learnt so far using your chart that you posted here if I may. I still have a long way to go as I am only up to page 70 of the old thread so please bear with me. I have read the indexed summaries and Strat’s PDF summary as well so right now I know just enough to know how little I really know.

So, looking at the trade posted on this chart several questions come up in my mind that I would like to discuss, if possible. First I must state that I realize this is a 5 minute chart and most of the reading I have done to date refers to higher time frames. Also, I have not studied Strat’s 5 minute trading strategy yet so I am not asking my questions from that point of view. (Thanks to fleurdelys for posting the link to Strat’s post containing all the references to 5 minute trading. That will make life a lot easier.) However that being said, my assumption is that PASR applies to all timeframes, but probably with different strategies applicable to the timeframe being traded.

Back to the chart and please understand that I am not criticizing. I am only testing my understanding using this chart in order to learn.
I am assuming that the black line indicates the entry and the red line above the placement of the stop loss. The stop loss placement does make sense but I don’t understand the logic of the placement of the entry in terms of PASR.

1. I can see what resembles a Hangman but if this was the trigger to trade should the entry not have been placed at least below the bottom of the shadow of the Hangman?
2. I have looked at the Boss and Worker, last candles being a bearish candles (4Hour also trending down) so from that perspective looking for an opportunity to go short makes sense. However, on the posted chart around 7ish it looks like a lower low was reached but then around 9 it looks like a higher high followed by a higher low at around 11. Just before the Trade entry a lower high is logged. In my mind this wave formation does not confirm the bear trend yet.
3. Also at the point of entry at the black line the MA’s indicate that the price is flat, no indication of a trend forming yet. At this point it seems to me that price could still go any which way. In retrospect would it not have been better to wait to see which way the price was going? After the Higher Low mentioned above was broken the trend picked up steam going south.
4. Looking at the candles is play – Just below the black line was a BEEB, a doji and bearish candles. This was followed by a small retracement, another BEEB followed by a Doji, BEOB and finaly a Bear candle touching on the support line drawn at 1.19127. (Just noting the candles indicating to me the sellers are taking charge.
5. The MA’s at this point confirm the downtrend but then at this time it was probably too late to enter on the 5 min chart unless the strategy is to trade a breakout??. Train was out of the station picking up speed. Running after it may result in falling and roasties on the knees.
6. I guess if I had to trade this chart the BEEB/BEOB candles mentioned above would have created awareness of a possible trade but with the HL and support below I would rather have passed on trading these candles.
7. Once these the hurdles were passed I would rather have started looking for a pullback to the MA to find a PA candle to trade. On this chart the pullback only started to come in play where the trade on the posted chart was exited. So, I guess I would not have been in this trade at all.

In summary this was a profitable trade posted on the chart but I would have passed it by as I would not have entered where indicated by the black line. The bottom line is I that am probably missing on something that indicated the entry at the black line and would therefore like to understand if my logic is wrong. I admit to not understand the 5 min strategy yet and if the placement is line with that strategy, then great. I will get to know the 5 min strategy as I progress with my learning on the path. For now I would appreciate comments on my line of thought and logic going through the trade and chart above.
Pete
16 traders viewing now