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

M5 PASR Trend Trading Strat 95 replies

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

Quoting fxrabbi
GBPAUD M5 PASR Trend Trading: LIVE at the MOVING HARD RIGHT EDGE.........The more you trade a proven system like M5 PASR Trend Trading strategy, the luckier you get. Happy Trading, Yomi. {image}
Amazing trade, sir Yomi. You made it looks so simple!
Quoting MikuSS
{quote} Hi Brian, Maybe I can answer for Strat and he can correct me if I am wrong. On the daily, unlike the lower time frames, price is "unaffected" by news because it has already been taken into account (don't you think the Big Boys have inside information/know the news in advance?). In my opinion and experience, the trend is more important than the news itself. If it is good news for the trend, of course the trend continues. However, if it is bad news, usually the market just needs 1-2 days to correct itself in a strong trend, or even an hour!...
Thanks Miku again.
Got your point that price will back to the main trend after the market claim down.
Try to train my PASR skill on 5 minutes chart when I am available.
I am able to leave my office on time and back to home before the start of London hour last Friday.
I took 2 trades and 1 success and 1 failed.
1. EURCAD +43pips
London hour have a uptrend at the beginning, then start ranging at the start shadow and above 200EMA before the New York market start.
After New York start, a BUUB close above shadow, so I enter the trade.
I closed the trade by mistake... I looking for an re-enter, but I unable to get the change
(I think the candle which marked as red arrow is not a valid enter. As it is not a PA candle)
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2. NZDUSD -5.9pips
Enter because of a double top, then close below the shadow.
After stopped out above the shadow and looking back to the chart, I think I should not get into this trade,
as the shape is poor in London hour.
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Today is the end of Weekly candle, will take times to do my homework on the longer time frame
Thanks
USDCAD
Monthly : starting from the blue arrow which show suppot on 200EMA on shadow, it started to from L - H - HL. And 2 monthly ago's candle show support on shadow
Weekly : in up trend and this week closed clearly above resistence and WCC
Daily : Closed above WCC
Plan : Buy on Monday when market open (Or I should not because the daily candle closed far from the shadow?)

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Quoting brian661
USDCAD Monthly : starting from the blue arrow which show suppot on 200EMA on shadow, it started to from L - H - HL. And 2 monthly ago's candle show support on shadow Weekly : in up trend and this week closed clearly above resistence and WCC Daily : Closed above WCC Plan : Buy on Monday when market open (Or I should not because the daily candle closed far from the shadow?) {image} {image} {image}
Here is my view

Big Boss : in a range between 1.24 & 1.34, in up leg approaching resistance
Boss : up trend, broke WCC & resistance
Worker : up trend, supported by Strat Shadow

I believe there were some opportunities 2 weeks ago and last week as 1.29 resistance & SS were confirmed as support.
Now, it is true that price is far away from Strat Shadow, but there is a good momentum
May be the wiser would be to wait for a confirmation of 1.31 level as new support, but given the momentum it may never be retested
Quoting brian661
USDCAD Monthly : starting from the blue arrow which show suppot on 200EMA on shadow, it started to from L - H - HL. And 2 monthly ago's candle show support on shadow Weekly : in up trend and this week closed clearly above resistence and WCC Daily : Closed above WCC Plan : Buy on Monday when market open (Or I should not because the daily candle closed far from the shadow?) {image} {image} {image}
Hi Brian,

Remember PASR= Price Action at Support and Resistance. There is no price action on the worker telling us to buy. For now, it is only a break, and price can drop back down easily.

For me, I will wait for price to test the zone (as usual, strong zones on the Big Boss and Boss chart).

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USDJPY

A pair at a nice zone. High of WCC+ at resistance. Friday's candle imprinted a doji, showing hesitation.

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Quoting MikuSS
USDJPY A pair at a nice zone. High of WCC+ at resistance. Friday's candle imprinted a doji, showing hesitation. {image}
Hi Miku,
how will you trade with it?
wait for a break on resistance and WCC to buy?
And how will you read the trend of the monthly graph? (Its look forming a triangle to me so to me it is no trend yet)
Thanks
Quoting brian661
{quote} Hi Miku, how will you trade with it? wait for a break on resistance and WCC to buy? And how will you read the trend of the monthly graph? (Its look forming a triangle to me so to me it is no trend yet) Thanks
Hi Brian,

I will wait for PASR (Engulfing candles/ Outside Bars/ Shooting Star/Hammer) to tell me the direction.

As of the last candle, the doji tells me nothing, except indecision. It could mean a continuation or a reversal. It is important to keep an open mind of where price is going. Furthermore, price is in the midst of WCC, 200ema, 365ema. We should always trade with caution in this situation.

it is no trend yet...
We trade the immediate trend!

Strat has mentioned that we should not worry too much about the trend of the Big Boss, but the immediate trend which s UP (PASR does not trade any patterns like triangles, wedges...). On the Big Boss chart, what I see is that Price is back to 20ema of Strat Shadow, a place that was rejected last month, creating a "Bond Shooting Star". Now that the gap has been closed, will it tell us what will happen here? No. Does it tell us that a decision is to be made here? YES.

Now that Price is at resistance on the Big Boss chart, we wait for PASR on the Boss and Worker to tell us what to do.

EDIT: The thing with chart patterns is that, 1) Bullish/Bearish patterns like wedges can fail. 2) Neutral patterns like triangles absolutely tells us NOTHING (more like a 50/50 coin toss) so I think it is better to ignore it than to cloud your judgement.
Quoting BeyondTheSea
{quote} Good job you left in 1 hour. Looks like GBPCAD did too. Did you take it with you?!
Good morning,

Thank you. What did I take with me?
I'm sorry I do not understand your question ..

I closed the trade because I had to go outside for about 1 hour.

I would have been in front of my computer again, I think I would have tried to buy the red arrow. We had a nice move about 100pips
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A simple system but it has potential....

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if you're doing we all have results with all
Quoting jarfx05
A simple system but it has potential.... {image} {image}{image}
It was nice meeting you... briefly
M5 PASR EURUSD, EURJPY, GBPJPY

Small day but good day
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Quoting darko2010
{quote} It was nice meeting you... briefly
EURAUD M5 PASR Trend Trading:



LIVE at the MOVING HARD RIGHT EDGE.........




Happy Trading,
Yomi
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Be Dumb and Follow Price
Quoting darko2010
{quote} It was nice meeting you... briefly
EURUSD is hard to trade

Your view on M5

EURUSD
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My view on EURUSD M5

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do you see the difference?
if you're doing we all have results with all
Quoting jarfx05
{quote} EURUSD is hard to trade Your view on M5 EURUSD{image} My view on EURUSD M5 {image} do you see the difference?
I can't wait for Strat to press the right button.......
Be Dumb and Follow Price
Quoting fxrabbi
{quote} I can't wait for Strat to press the right button.......

indifferently whether he pressed the right, left or middle button. This is how the market works.....
if you're doing we all have results with all
Hello everyone, I'm back from military training that I've been in for a couple of weeks. Did not have a chance to check the charts properly, so I will have to catch up on the thread and markets, so see you soon again. Good to be back in action!
Quoting Svolacius
Hello everyone, I'm back from military training that I've been for a couple of weeks. Did not have a chance to check the charts properly, so I will have to catch up on the thread and markets, so see you soon again. Good to be back in action!
Good to see you back.


Happy Trading,
Yomi.
Be Dumb and Follow Price
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