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Strat's PASR Long Term, Stress Free Trading

  • #5,181
  • May 25, 2018 9:53am May 25, 2018 9:53am
Quoting MikuSS
{quote} Argh I can't believe I got this WCC wrong again! It's fine, so one less confluence for entry. My TP is still the low of WCC. Price is still looking to the downside. I will stay in the trade.
On close observation, maybe my WCC is different due to broker feed.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDWeekly.png Size: 138 KB
  • #5,182
  • May 25, 2018 10:09am May 25, 2018 10:09am
PASR

Quoting Svolacius
Hello everyone. As the week is approaching its end, I want to share my trades this week. First of all, I moved to MT4, so my charts will look different than always. AUD/CAD: Just as other AUD pairs I saw some hammers on the Boss, so I waited until I could see some more buying. My entry was maybe a little late, but I'm okay with what I got now. If price continues further, my target is around 98.80. {image} GBP/JPY: Just as my last analysis on GBP/JPY, I was waiting for some direction from the Big Boys, as PRICE was making LH and HL. I entered the...
Well done! Some nice steps on The Path.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,183
  • May 25, 2018 10:10am May 25, 2018 10:10am
Broker feed

Quoting MikuSS
{quote} On close observation, maybe my WCC is different due to broker feed. {image}
Does your broker's candles CLOSE at 5pm New York time?
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,184
  • May 25, 2018 10:11am May 25, 2018 10:11am
Quoting strat
PASR {quote} Well done! Some nice steps on The Path.
Thank you!
  • #5,185
  • May 25, 2018 10:38am May 25, 2018 10:38am
Quoting strat
Broker feed {quote} Does your broker's candles CLOSE at 5pm New York time?
Yes I believe so. My broker is IC Markets.
  • #5,186
  • May 25, 2018 10:57am May 25, 2018 10:57am
IC Markets

Quoting MikuSS
{quote} Yes I believe so. My broker is IC Markets.
Suggest you contact their Support to make sure.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,187
  • May 25, 2018 8:06pm May 25, 2018 8:06pm
EURJPY
Quoting strat
EURJPY Worker {quote} One thing super nice about trading the daily PASR is it is truly Strat's PASR Long Term, Stress Free Trading. 1370 pips banked, 607 pips still running STRESS FREE and only a couple of minutes analysis and chart time at End of Day. {image}
Dear Strat,
I have some puzzle with your entry. Can you explain more? thanks
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Post 5171 Daily.PNG Size: 44 KB

1st Entry:
Q1: the Boss is Bullish candle. Why do you think the TREND is changed and we can make a SHORT?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Weekly - 20180526.png Size: 41 KB

Q2: Why is this candle a signal candle? because "candle CLOSED below the Strat Shadow as a signal to enter a trade"?
Q3: Where is the SL? above the high of this candle or the Resistance?

2nd&3rd&4th&5th Entry:
Q1: Why is this a signal candle? I can't understand the PA.

thanks for your reply very much.
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #5,188
  • May 25, 2018 9:29pm May 25, 2018 9:29pm
Quoting Cj.cn
EURJPY {quote} Dear Strat, I have some puzzle with your entry. Can you explain more? thanks {image} 1st Entry: Q1: the Boss is Bullish candle. Why do you think the TREND is changed and we can make a SHORT? {image} Q2: Why is this candle a signal candle? because "candle CLOSED below the Strat Shadow as a signal to enter a trade"? Q3: Where is the SL? above the high of this candle or the Resistance? 2nd&3rd&4th&5th Entry: Q1: Why is this a signal candle? I can't understand the PA. thanks for your reply very much.
Maybe this will answer some of your questions.

Remember it is PASR. Price Action at Support and Resistance. Entries and exits all with PASR. Initial entry, exits and each add-on you will find PASR..

Good questions.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYiDaily.png Size: 112 KB


Strat also posted a GBPJPY chart. Try finding the reasons for entry
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,189
  • May 25, 2018 9:41pm May 25, 2018 9:41pm
Quoting Rufus
{quote} Maybe this will answer some of your questions. Remember it is PASR. Price Action at Support and Resistance. Entries and exits all with PASR. Initial entry, exits and each add-on you will find PASR.. Good questions. {image} Strat also posted a GBPJPY chart. Try finding the reasons for entry
Another of the same chart with added stuff.

One of the things I do when Strat posts a chart, is ask questions to myself....Why didn't he take this or do that?

One such question is on this chart.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYiDaily 2.png Size: 115 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,190
  • Edited 10:30pm May 25, 2018 10:20pm | Edited 10:30pm
Quoting Cj.cn
EURJPY {quote} Dear Strat, I have some puzzle with your entry. Can you explain more? thanks {image} 1st Entry: Q1: the Boss is Bullish candle. Why do you think the TREND is changed and we can make a SHORT? {image} Q2: Why is this candle a signal candle? because "candle CLOSED below the Strat Shadow as a signal to enter a trade"? Q3: Where is the SL? above the high of this candle or the Resistance? 2nd&3rd&4th&5th Entry: Q1: Why is this a signal candle? I can't understand the PA. thanks for your reply very much.
In order to help understanding the first entry on EJ, here are the Big Boss, the Boss and the worker the time of the entry

Big Boss in an strong up trend, making a swing down at resistance

Attached Image (click to enlarge)
Click to Enlarge Name: ej_M.png Size: 81 KB


Boss : price fails to make a new HL, and is breaking support, strong move down

Attached Image (click to enlarge)
Click to Enlarge Name: ej_W.png Size: 88 KB


Worker : breaking strat shadow to the down side

Attached Image (click to enlarge)
Click to Enlarge Name: ej_D.png Size: 100 KB
  • #5,191
  • Edited 11:18pm May 25, 2018 11:03pm | Edited 11:18pm
Quoting Rufus
{quote} Maybe this will answer some of your questions. Remember it is PASR. Price Action at Support and Resistance. Entries and exits all with PASR. Initial entry, exits and each add-on you will find PASR.. Good questions. {image} Strat also posted a GBPJPY chart. Try finding the reasons for entry
Hi, Rufus

thanks for your reply. I learned a lot.

EURJPY
the 1st entry looks like different between Strat's and yours. I understand yours.
the 2nd entry is a Pinbar.
the 3rd entry is a BEEB with a small retrace.
the 4th entry is a IB.
There isn't 5th entry on your chart. Can you explain the 5th entry? It is such a small candle.
the 6th entry is a BEEB.
the 7th&8th entry is a Shooting Star.

GBPJPY
GBPJPY is easier to understand than EURJPY. but also have question.
Q1: the 3rd entry used IB as PA signal? I think we only use Hammer/Shooting Star/BEEB/BEOB/BUEB/BUOB as PA signal.

Q2: the 4th entry is a Shooting Star?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY Post 5173 Daily.PNG Size: 46 KB

I know I amnot enough experience. so I will keep on learning here because there is the man like you.

really appreciate
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #5,192
  • May 25, 2018 11:35pm May 25, 2018 11:35pm
Quoting Bestof27
{quote} In order to help understanding the first entry on EJ, here are the Big Boss, the Boss and the worker the time of the entry Big Boss in an strong up trend, making a swing down at resistance {image} Boss : price fails to make a new HL, and is breaking support, strong move down {image} Worker : breaking strat shadow to the down side {image}
Hi, Bestof27
I learned some from your pic.
I forget to check the Big Boss. and Focus on the Bullish candle on the Boss.
I should keep an open mind and be flexible WITHOUT bias.
Attached Image (click to enlarge)
Click to Enlarge Name: open mind.JPG Size: 113 KB

thank Bestof27 and Strat very much
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #5,193
  • May 26, 2018 2:49am May 26, 2018 2:49am
On trading during the holidays (Old thread #13,833)

A thin market, because it is easily manipulated, will always move more (or not) - sometimes it is to our advantage while others it is not.

I have seen many times where the market set up to move in our anticipated direction during a "holiday", trigger the trade the next day only for the big boys to come in and reverse it.

Other times, there have been some very good moves triggered off a "holiday" market.

In compliance with RULE No. 1, I prefer to WAIT to let the market balance itself out.

Strat, I wonder if your thinking has changed over the course of 8 years. I see some PASR trade on Friday's close, I am hesitating if I should enter on Monday's bank holiday for US and UK.

What about the rest of you?
  • #5,194
  • May 26, 2018 3:29am May 26, 2018 3:29am
Quoting strat
IC Markets {quote} Suggest you contact their Support to make sure.
I have spoken to them, and they have confirmed that the daily candle closes at 5pm New York time with Daylight Saving Time as well.

I have also set up a demo account on Blackwell, the candles look like the ones I have on IC Markets with the same WCC.
  • #5,195
  • May 26, 2018 4:10am May 26, 2018 4:10am
Quoting Cj.cn
{quote} Hi, Rufus thanks for your reply. I learned a lot. EURJPY the 1st entry looks like different between Strat's and yours. I understand yours. the 2nd entry is a Pinbar. the 3rd entry is a BEEB with a small retrace. the 4th entry is a IB. There isn't 5th entry on your chart. Can you explain the 5th entry? It is such a small candle. the 6th entry is a BEEB. the 7th&8th entry is a Shooting Star. GBPJPY GBPJPY is easier to understand than EURJPY. but also have question. Q1: the 3rd entry used IB as PA signal? I think we only use Hammer/Shooting...
GBPJPY, entry charts

Big Boss
Attached Image (click to enlarge)
Click to Enlarge Name: gj_M.png Size: 75 KB


Boss
Attached Image (click to enlarge)
Click to Enlarge Name: gj_W.png Size: 85 KB


Worker
Attached Image (click to enlarge)
Click to Enlarge Name: gj_D.png Size: 95 KB
  • #5,196
  • May 26, 2018 7:03am May 26, 2018 7:03am
PASR

Quoting Cj.cn
{quote} Hi, Rufus thanks for your reply. I learned a lot. EURJPY the 1st entry looks like different between Strat's and yours. I understand yours. the 2nd entry is a Pinbar. the 3rd entry is a BEEB with a small retrace. the 4th entry is a IB. There isn't 5th entry on your chart. Can you explain the 5th entry? It is such a small candle. the 6th entry is a BEEB. the 7th&8th entry is a Shooting Star. GBPJPY GBPJPY is easier to understand than EURJPY. but also have question. Q1: the 3rd entry used IB as PA signal? I think we only use Hammer/Shooting...
the 2nd entry is a Pinbar

Despite my posting this over and over and over................................either you have NOT learned or your memory retention is very poor

There are NO ""Pinbars" in PASR!!!!!!! Only Hammers and Shooting Stars!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,197
  • May 26, 2018 7:12am May 26, 2018 7:12am
PASR

Quoting MikuSS
On trading during the holidays (Old thread #13,833) A thin market, because it is easily manipulated, will always move more (or not) - sometimes it is to our advantage while others it is not. I have seen many times where the market set up to move in our anticipated direction during a "holiday", trigger the trade the next day only for the big boys to come in and reverse it. Other times, there have been some very good moves triggered off a "holiday" market. In compliance with RULE No. 1, I prefer to WAIT to let the market balance itself out. Strat,...
Strat, I wonder if your thinking has changed over the course of 9 years. I see some PASR trade on Friday's close, I am hesitating if I should enter on Monday's bank holiday for US and UK.

There is much more activity (volume) now during holidays than before so there is no reason to hold back if there is PASR.

Good question. I will check with some Professional traders I know as to the reason.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,198
  • May 26, 2018 7:15am May 26, 2018 7:15am
Broker

Quoting MikuSS
{quote} I have spoken to them, and they have confirmed that the daily candle closes at 5pm New York time with Daylight Saving Time as well. I have also set up a demo account on Blackwell, the candles look like the ones I have on IC Markets with the same WCC.
OK. Remember, you can only trade your charts - do not trade other's charts.

Trade what you SEE on YOUR charts.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,199
  • May 26, 2018 7:16am May 26, 2018 7:16am
Quoting Bestof27
{quote} GBPJPY, entry charts Big Boss {image} Boss {image} Worker {image}
Bloody Hell, Bof27, have you joined some secret society?

Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,200
  • May 26, 2018 7:27am May 26, 2018 7:27am
Quoting strat
{quote} Bloody Hell, Bof27, have you joined some secret society? {image}
Nothing secret with this one ... upcoming news...
But trading view is interesting for its replay function....
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