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Strat's PASR Long Term, Stress Free Trading

  • #4,981
  • May 18, 2018 6:26am May 18, 2018 6:26am
Quoting Cj.cn
NZDJPY Hi, All what do you think about this pair NZDJPY? Boss {image} Worker {image} H4 {image} I enter Long as a BASIC PASR TRADE. Is that right Basic PASR Trade? thanks
For me there was an opportunity to enter long yesterday on the worker
SL : 70 pips
final TP : 200 pips
Didn't took this trade because was seeing things differently yesterday ....
  • #4,982
  • May 18, 2018 6:31am May 18, 2018 6:31am
GBPNZD M5 PASR Trend Trading:



LIVE at the MOVING HARD RIGHT EDGE.................where I normally wait patiently for the market to have a enough STRENGTH to push price in the desired direction and piggyback on the MOMENTUM in the hope of an extension move via the "SMOOTH SAW TOOTH BLADE STRUCTURE", thanks to the STRAT SHADOW.




Happy Trading,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDM5.png Size: 34 KB
Time always comes before price
  • #4,983
  • May 18, 2018 6:40am May 18, 2018 6:40am
Quoting fxrabbi
GBPNZD M5 PASR Trend Trading: LIVE at the MOVING HARD RIGHT EDGE.................where I normally wait patiently for the market to have a enough STRENGTH to push price in the desired direction and piggyback on the MOMENTUM in the hope of an extension move via the "SMOOTH SAW TOOTH BLADE STRUCTURE", thanks to the STRAT SHADOW. Happy Trading, Yomi. {image}
WOW Yomi!
587 pips! Super confident trade there. Well done.
Study enough and it all starts looking like the Matrix...
  • #4,984
  • May 18, 2018 6:45am May 18, 2018 6:45am
Quoting fxrabbi
GBPNZD M5 PASR Trend Trading: LIVE at the MOVING HARD RIGHT EDGE.................where I normally wait patiently for the market to have a enough STRENGTH to push price in the desired direction and piggyback on the MOMENTUM in the hope of an extension move via the "SMOOTH SAW TOOTH BLADE STRUCTURE", thanks to the STRAT SHADOW. Happy Trading, Yomi. {image}
Wow, amazing performance once again. Looking at your results, I start to wonder, how many bad trades do you make out of all opened trades?
  • #4,985
  • May 18, 2018 6:51am May 18, 2018 6:51am
Quoting Bestof27
{quote} For me there was an opportunity to enter long yesterday on the worker SL : 70 pips final TP : 200 pips Didn't took this trade because was seeing things differently yesterday ....
Where is your final TP? Is the TP2 I marked (see below pic)?
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY Weekly - 20180518.png Size: 40 KB

will SEE if the Price can break the bottom of Strat Shadow to arrive the TP2.

thanks
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #4,986
  • Edited 7:24am May 18, 2018 6:54am | Edited 7:24am
Quoting Svolacius
{quote} Wow, amazing performance once again. Looking at your results, I start to wonder, how many bad trades do you make out of all opened trades?
LOL...........


There is no system/trader that doesn't have bad trades, but my friend, the good news about this trading system is that its require very small SL, if you know how/where to place your trade................the place that gives you advantage/edge, my friend the winning trades will pay for the bad trades.




Happy Trading,
Yomi.
Time always comes before price
  • #4,987
  • May 18, 2018 6:55am May 18, 2018 6:55am
Quoting Svolacius
{quote} Wow, amazing performance once again. Looking at your results, I start to wonder, how many bad trades do you make out of all opened trades?
no need FOCUS on the Pips. you also can.
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #4,988
  • May 18, 2018 7:15am May 18, 2018 7:15am
Quoting Cj.cn
{quote} Where is your final TP? Is the TP2 I marked (see below pic)? {image} will SEE if the Price can break the bottom of Strat Shadow to arrive the TP2. thanks
near 78.3
  • #4,989
  • May 18, 2018 7:35am May 18, 2018 7:35am
Quoting fxrabbi
{quote} LOL........... There is no system/trader that doesn't have bad trades, but my friend, the good news about this trading system is that its require very small SL, if you know how/where to place your trade................the place that gives you advantage/edge, my friend the winning trades will pay for the bad trades. Happy Trading, Yomi.
I absolutely understand that, I was just more curious about statistical data correlating with the psychology of trading that you seem to be a master in.
  • #4,990
  • May 18, 2018 7:49am May 18, 2018 7:49am
Quoting Cj.cn
NZDJPY Hi, All what do you think about this pair NZDJPY? Boss {image} Worker {image} H4 {image} I enter Long as a BASIC PASR TRADE. Is that right Basic PASR Trade? thanks

We will have to get Strat to clarify if I am incorrect. But if trading it from a daily perspective. Yes.

Post from Strat earlier in the thread

https://www.forexfactory.com/showthr...3#post10453733

NZDJPY is in a 600 pip range on the weekly chart.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYiWeekly.png Size: 89 KB


Looking at your 4h chart to me is Swing PASR

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYiH4.png Size: 107 KB


So my thinking is. It depends how you are going to trade it.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #4,991
  • Edited 12:01pm May 18, 2018 7:55am | Edited 12:01pm
Quoting Svolacius
{quote} I absolutely understand that, I was just more curious about statistical data correlating with the psychology of trading that you seem to be a master in.
Those are my LIVE trades that I posted here, and I do it for two (2) reasons:

1. For support, love and the respect I had for Strat.
2. They are to serve as TRAINING CHARTS for smart guys/traders, anyway, that's how I made myself to become the trader I'm today. I have all Strat charts store in my hard drive, which serves as training charts for me, 90% of my learning (forex education) comes from studing other traders charts.

NB: I'm a full-time trader, and a very busy person, that's more reason I just post my charts without much words/story, because I don't have time. I believe my charts should serve a purpose to someone out there.


Happy Trading,
Yomi.
Time always comes before price
  • #4,992
  • Edited 8:48am May 18, 2018 8:20am | Edited 8:48am
Quoting fxrabbi
{quote} Those are my LIVE trades that I posted here, and I do it for two (2) reasons: 1. For support, love and the respect I had for Strat. 2. They are to serve as training charts for smart guys/traders, anyway, that's how I made myself to become the trader I'm today....

Yomi,

Thank you very much for your support by posting your charts here. That helped us a lot in our training. I downloaded(and downloading) almost all your charts ( and Strat's , Darko's, BTW's, Rufus,Rub, Saad007,Samsonwebdes and others charts also) to my laptop. What I do is... keep studying these charts when ever I am at the screen these days. This help me to understand the M5 method alot. Planing to go live and practice(M5) using a small account and will start with very small lot.

Thanks again..

Regards

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #4,993
  • May 18, 2018 8:40am May 18, 2018 8:40am
Quoting Suran
{quote} Yomi, Thank you very much for your support by posting your charts here. That helped us a lot in our training. I downloaded(and downloading) almost all your charts ( and Strat's , Darko's, BTW's, Rufus,Rub and others charts also) to my laptop. What I do is... keep studying these charts when ever I am at the screen these days. This help me to understand the M5 method alot. Planing to go live and practice(M5) using a small account and will start with very small lot. Thanks again.. Regards Suranga
That's the way to go my friend........the trades that I takes nowadays are like repetitions, so study successful traders charts, you will see what they are seeing before they enter trades and exit them.


Happy Trading,
Yomi.
Time always comes before price
  • #4,994
  • May 18, 2018 9:07am May 18, 2018 9:07am
Quoting strat
PASR {quote} Welcome! I have seen you lurking below the thread everyday so it is GOOD that you finally came out as well as having a sense of humour! The really good thing you have going for you is that you are a Forex Factory virgin and have not had your mind and trading brain altered and twisted by some of the "stuff" on here. my full time job has me working at the 9am open First things first, LEARN the trading hours of each geographical trading session {image} Second, get on The Path with my "old" original thread and then continue on here Welcome...
Thanks for the tips on the opening times. Glad to know some folks are paying attention out there :-D

I find humor is a good medicine for life, so I find humor in as much as I can. If I'm not joking about it, I'm worried beyond belief about it. No worries from me about trying to walk on water (unless I see a shark).
  • #4,995
  • May 18, 2018 9:08am May 18, 2018 9:08am
PASR

Quoting Bestof27
{quote} No wasn't watching, bed time ! Didn't know about spinning top and bottoms. Is this reliable ?. Do we need confirmation to validate the pattern ? In your drawings the marked candle has a different color than the previous one (bearish candle for a spinning top, bullish candle for a spinning bottom), is that relevant ?
Is this reliable ?. Do we need confirmation to validate the pattern ?

PASR does not trade candles or patterns. We use candles as part of our analysis to enter/exit a trade when all the other conditions of PASR are met.

In your drawings the marked candle has a different color than the previous one (bearish candle for a spinning top, bullish candle for a spinning bottom), is that relevant ?

It adds strength to the direction of the expected move. A red Spinning Top at the end of an up swing tells us that the sellers have already overcome the buyers. A green Spinning Top at the bottom of a down swing tells us that the buyers have already overcome the sellers.

Just like Shooting Stars and Hammers, the key point is LOCATION - they must be exposed, on their own, with nothing to the left of them at the bottom/top of their respective swings.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,996
  • May 18, 2018 9:13am May 18, 2018 9:13am
AUDNZD

Quoting Bestof27
{quote} My plan was to close my first position at first weekly resistance (done) and close my second one at monthly resistance .... but if there is a reversal signal (that I m able to recognize) I prefer to close with profit and if there is an opportunity (the reversal is more a pullback) open a new position. As for today if it closes as it is now I will keep my position open. On your chart, why haven't you plotted the 1.0867ish daily level or the monthly 1.059ish level as nearer support instead of the weekly level below ?
Have you closed your final position yet and if so, where?

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #4,997
  • May 18, 2018 9:16am May 18, 2018 9:16am
GBP/JPY:

Big Boss: Last month PRICE was rejected by resistance of 150 and Strat shadow. SS candle (body is 160 pips, tail 335 pips, more than twice the body) closed just below the resistance level.

Boss: Price is making Higher Lows and Lower Highs, I illustrated that by drawing TLs. Price is being rejected by the Strat Shadow, moving inside of WCC.

Worker: Price is being rejected by Strat Shadow bottom as of now, but we still have some time until the close of the candle.

Ideally I would want the price to get out of HL LH structure, which means a breakout to show clear direction.
Attached Image(s) (click to enlarge)
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  • #4,998
  • May 18, 2018 9:17am May 18, 2018 9:17am
Quoting 2hpriest
{quote} Sir, I appreciate your pictorial explanation of what a Spinning Top Candle is. A further study of it , showed me that it is a single candle that forms at the PEAK of an uptrend, the BOTTOM of a downtrend or in the MIDDLE of a trend. This bearish or bullish candle forms when there is INDECISION among the Buyers and Sellers in a downtrend, uptrend or sideways trend. The pattern suggests a possible change in trend. My understanding is that this becomes more probable with a collaborative PASR candle(SS,Hammer, Outside Bars or Engulfing Bars)...
So in the AUDNZD pair (waiting for your reply on my post), the presence of this candle at the top of the current swing should warn us to start taking in some profits on our long trades.

Exactly. It is a RED FLAG telling us to check our PLAN and PASR.
15 YEARS OF PASR ON FOREX FACTORY!
  • #4,999
  • May 18, 2018 9:20am May 18, 2018 9:20am
EURCAD M5

I wanted to try something new, hold on to my trades for once... Happy I got out before the red news on CAD
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD-5-minutes.png Size: 20 KB
  • #5,000
  • May 18, 2018 9:33am May 18, 2018 9:33am
Quoting strat
AUDNZD {quote} Have you closed your final position yet and if so, where? {image}
Yes, this morning when I saw price going down, at 1.0875 => 73 pips
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