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Strat's PASR Long Term, Stress Free Trading

  • #5,541
  • Jun 19, 2018 7:16am Jun 19, 2018 7:16am
hi strat, where i can get your indicator with shadow...? thanks
  • #5,542
  • Jun 19, 2018 7:16am Jun 19, 2018 7:16am
GBPAUD H1 Trend Trading 130+ pips

Well done. You have a good understanding of my PASR Trend Trading strategy.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,543
  • Jun 19, 2018 7:20am Jun 19, 2018 7:20am
GBPUSD M5 PASR Trend Trading 59 pips:

Quoting fxrabbi
GBPUSD M5 PASR Trend Trading: LIVE at the MOVING HARD RIGHT EDGE......... Happy Trading, Yom {image}
Hi Yomi, so good to see you back in the saddle and leading the charge for M5 pips.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,544
  • Jun 19, 2018 7:24am Jun 19, 2018 7:24am
GBPJPY 200+ pips

Quoting Rufus
Nice to wake up to pips in the morning. About 200. Took off a part of the position. {image}
Good job, Rufus, nice to see you making some PASR pips!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,545
  • Edited 1:27pm Jun 19, 2018 7:28am | Edited 1:27pm
PASR

Quoting General Lee
hi strat, where i can get your indicator with shadow...? thanks
PASR does NOT use indicators but you will get MORE than you were looking for here:

https://www.forexfactory.com/showthread.php?t=155459

and here:

https://www.forexfactory.com/showthread.php?t=708441
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,546
  • Jun 19, 2018 8:34am Jun 19, 2018 8:34am
Hi Strat

Just checking in from reading and digesting the old thread. I have hit page 300 on the original thread today so I guess it is a good time to share what I have learnt so far. Below are my charts with a paper trade setup based on my understanding of Blackeagle's posts. The Boss long term trend is down and Medium term trend is up. The medium term demand DSRI was broken downwards on 24 February. The medium term DSRI was tested until 14 April where we had confluence with the long term down supply DSRI, medium term demand DSRI and 38 Fib retracement. At this point the sellers are in control This is also a LH down from the last High at the static SR at 154ish level. Also note that LL was at 145ish level on Boss chart and was tested again on 19/5.

Moving on to the Worker chart. DSRI Lines drawn from what I have learnt from BlackEagle's post. Trade setup was to sell at DSRI confluence with the downward break of Demand DSRI with the BEEB candle. Entry was a few pips below close of BEEB and stop loss place above DSRI and wick of prior Doji candle. First Profit target at 145 met and currently on the way to second profit target at 142. If 142 is met I am thinking that it could drop to 140 which is the next strong SR on my Boss chart but let's see how PASR unfolds.

I apologize for the business of my charts with all the lines but this is the stage I am at on the path of learning and right now I need them to understand PASR.

Pete
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  • #5,547
  • Jun 19, 2018 8:38am Jun 19, 2018 8:38am
Quoting strat
PASR {quote} PASR does NOT use indicators but you will get what you are looking for here: https://www.forexfactory.com/showthread.php?t=155459 and here: https://www.forexfactory.com/showthread.php?t=708441
thanks
  • #5,548
  • Jun 19, 2018 10:07am Jun 19, 2018 10:07am
PASR

Quoting JCMPete
Hi Strat Just checking in from reading and digesting the old thread. I have hit page 300 on the original thread today so I guess it is a good time to share what I have learnt so far. Below are my charts with a paper trade setup based on my understanding of Blackeagle's posts. The Boss long term trend is down and Medium term trend is up. The medium term demand DSRI was broken downwards on 24 February. The medium term DSRI was tested until 14 April where we had confluence with the long term down supply DSRI, medium term demand DSRI and 38 Fib retracement....
No need to apologise if they help you on The Path. Keep on studying and applying what you have learned.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,549
  • Jun 19, 2018 10:46am Jun 19, 2018 10:46am
Hello guys and strat,

I have gone through the PDF. And I have been using PASR for a few days to see if it works for me. Maybe I'm getting lucky but this seems to be working for me so far, unlike other systems I have tried. I'm also enjoying PASR more than any other system I've used and I've discovered my dislike for indicators once I started using PASR.

I am mainly taking trades on 4H and also looking for opportunities on 1D. I was in favor of trading lower time frames and intraday trading, but so far it seems like I lose more than I make when I try shorter time frames. Maybe they're just not for me. The 2 main patterns I look for are engulfing and inside bars (and looking to learn pin bars and other candle patterns such as hammers and outside bars as taught in the strat's PDF). This is what I do. If trading on 4H, I draw S&R using a line chart on 1W then draw on 1D then draw on 4H and I try to take trades when any of the aforementioned patterns show up on S&R levels and exit when price gets near/touches the next S&R lines - usually I try to keep exit 5 pips away from the line. But this makes the chart cluttered as a lot of lines go in there (1W, 1D, 4H lines when trading on 4H). So I am wondering if I can omit SR of higher time frames. For example, when trading on 1D, I omit 1M SR lines and only concentrate on 1W and 1D lines. And when trading 4H, I omit 1W lines and only concentrate on 1D and 4H lines. The questions I am about to ask will clear this up for me, hopefully.

I have a few questions that I got after reading the Strat's PDF. And I am hoping experts here can answer.

1. On page 19, under 'Time Frames', strat says that if trading daily, we only need daily and weekly time frame and we can disregard monthly. Does this mean that I only look at one time frame higher than the one I am trading and disregarding all higher time frames? Meaning, only look at weekly and daily if trading on daily. Only look at daily and 4H if trading on 4H. Is that right? Although, it is not specifically mentioned, but here he is talking about identifying S&R levels, right?

2. On the same page, he says that most powerful S&R is where monthly and weekly levels coincide. Is he specifically talking about monthly and weekly, or is it true for any other two time frames as well? For example, levels coinciding on daily and 4H? Or weekly and daily?

3. On page 32, while talking about round numbers, he says longer trading time frames are ineffective because they can often hide multiple bounces within a single candle spike. So if I want to use round numbers as S&R, what time frames are suggested? 1H? 30M? 15M?

4. This is my amateur understanding. Correct me if I am wrong. The price has to respect the S&R at the close of the period but can break through it temporarily within the period. For example, if S&R on the weekly chart is being respected, it doesn't mean that price can't go through it any time during the week. It can but it will close within the S&R on Friday's close. Same case with other time frames. Is that right?

It would be very helpful if these questions can be answered for me, especially the first two.

Thank you very much!
  • #5,550
  • Jun 19, 2018 1:24pm Jun 19, 2018 1:24pm
PASR

Quoting jas0992
Hello guys and strat, I have gone through the PDF. And I have been using PASR for a few days to see if it works for me. Maybe I'm getting lucky but this seems to be working for me so far, unlike other systems I have tried. I'm also enjoying PASR more than any other system I've used and I've discovered my dislike for indicators once I started using PASR. I am mainly taking trades on 4H and also looking for opportunities on 1D. I was in favor of trading lower time frames and intraday trading, but so far it seems like I lose more than I make when I...
looking to learn pin bars

THERE ARE NO PIN BARS IN PASR!

This is what happens when you IGNORE the advice given to you on Post 4893, specifically:

""PDF
Although a good summary, this PDF was not compiled by me. A much better summary, as detailed in my first post is The Path from my now deleted private website.

https://web.archive.org/web/20120603...rning:overview

But again, this is just a summary and if you really want an apprenticeship in learning how to trade you MUST start on The Path with my "old" original thread and THEN progress to this thread"".


So I am wondering if I can omit SR of higher time frames.

Had you taken the trouble to READ, LEARN and UNDERSTAND from Post 1 on these threads YOU would KNOW what to do!

Does this mean that I only look at one time frame higher than the one I am trading and disregarding all higher time frames?

Had you taken the trouble to READ, LEARN and UNDERSTAND from Post 1 on these threads YOU would KNOW what to do!

Is he specifically talking about monthly and weekly, or is it true for any other two time frames as well?

Had you taken the trouble to READ, LEARN and UNDERSTAND from Post 1 on these threads YOU would KNOW the answer!

So if I want to use round numbers as S&R, what time frames are suggested? 1H? 30M? 15M?

Had you taken the trouble to READ, LEARN and UNDERSTAND from Post 1 on these threads YOU would KNOW what to do!

The price has to respect the S&R at the close of the period but can break through it temporarily within the period. For example, if S&R on the weekly chart is being respected, it doesn't mean that price can't go through it any time during the week. It can but it will close within the S&R on Friday's close. Same case with other time frames. Is that right?

Had you taken the trouble to READ, LEARN and UNDERSTAND from Post 1 on these threads YOU would KNOW the answer!

This is my amateur understanding

Then UNDERSTAND like a PROFESSIONAL and READ, LEARN and UNDERSTAND from Post 1 on both threads as you were previously advised!

From Post 1:

""I will help all those who are GENUINELY interested in trading for a living but will ignore all those looking for shortcuts or who will not READ, LEARN and UNDERSTAND and PRACTICE the strategy.""

Neither I, nor anyone else on this thread, will help those who take short cuts and are TOO LAZY to READ, LEARN and UNDERSTAND PASR.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,551
  • Jun 19, 2018 2:06pm Jun 19, 2018 2:06pm
Quoting strat
PASR {quote} looking to learn pin bars THERE ARE NO PIN BARS IN PASR! This is what happens when you IGNORE the advice given to you on Post 4893, specifically: ""PDF Although a good summary, this PDF was not compiled by me. A much better summary, as detailed in my first post is The Path from my now deleted private website. https://web.archive.org/web/20120603...rning:overview But again, this is just a summary and if...
Thanks for your reply! I joined this forum to learn. I am not here to get rich overnight or find signals because those are the things people looking for shortcuts do. I don't think I have said anything to indicate I am looking for shortcuts. I went through the entire PDF (and the archived website link you posted is the same thing as that PDF). I have read through the first two pages of the thread. I cannot read through the 278 pages and 5550 posts. If they were in a PDF form, I would print it out and then read through it all. But I cannot read it online. I have eye strain issue and I cannot read text on a computer screen for longer than 5-10 minutes without putting too much strain on my eyes that lead to a headache every time. It is a medical condition I suffer from. I went through the PDF and I asked the questions to either clear my understanding or confirm if I understood it correctly. I was not aware asking these questions would portray me as someone wanting to be spoonfed.

I'm not after any short cuts or TOO LAZY to read, learn and understand. If I was, I would not be on this thread and instead some place else where they offer signals with entry, tp and sl. I just cannot do it on a computer screen. If reading the entire thread of 5550 posts is a pre-requisite to asking the questions I did which could possibly be answered with a yes or no then I guess this place is not for me. I am sad I have been misunderstood. I am sorry for taking up your time. If I ever find a way to go through the entire thread without killing my eyes, I will do so.

I apologise if I offended you.
Wish you all the best. Cheers!
  • #5,552
  • Jun 19, 2018 2:33pm Jun 19, 2018 2:33pm
PASR

Quoting jas0992
{quote} Thanks for your reply! I joined this forum to learn. I am not here to get rich overnight or find signals because those are the things people looking for shortcuts do. I don't think I have said anything to indicate I am looking for shortcuts. I went through the entire PDF (and the archived website link you posted is the same thing as that PDF). I have read through the first two pages of the thread. I cannot read through the 278 pages and 5550 posts. If they were in a PDF form, I would print it out and then read through it all. But I cannot...
I have eye strain issue and I cannot read text on a computer screen for longer than 5-10 minutes without putting too much strain on my eyes that lead to a headache every time.

Then studying, reviewing and analysing charts for trading opportunities is not for you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,553
  • Jun 19, 2018 2:36pm Jun 19, 2018 2:36pm
Hi Strat,

While I read and attempt to apply concepts as I am learning. The following pattern, if you will, occurred on the monthly (highlighted in gray on the bottom chart). I see this pattern on every timeframe, but am not sure how to interpret it. I think I need to wait for it to break the 1.3672 level and close above it. On the weekly (the top chart). It seems that there will be no resistance until it hits the 1.4689 level. I would need to wait and see how price approaches the 1.3672 level. If no pull back,the R%R seems unfavorable.

Appreciate any thoughts.
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  • #5,554
  • Jun 19, 2018 2:36pm Jun 19, 2018 2:36pm
Quoting strat
PASR {quote} I have eye strain issue and I cannot read text on a computer screen for longer than 5-10 minutes without putting too much strain on my eyes that lead to a headache every time. Then studying, reviewing and analysing charts for trading opportunities is not for you.
Been trying to do this for six months now (studying, reviewing and analysing charts) and so far it's okay. Read text on the screen is an issue. Anyways, thanks!
  • #5,555
  • Jun 19, 2018 10:57pm Jun 19, 2018 10:57pm
Another overnight trade put pips in the bank last night. Nice to wake up to in the morning.
H1 trading on the H4 swing for +322 pips
6 small positions in total.

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Study enough and it all starts looking like the Matrix...
  • #5,556
  • Jun 20, 2018 12:00am Jun 20, 2018 12:00am
Quoting jas0992
{quote} Been trying to do this for six months now (studying, reviewing and analysing charts) and so far it's okay. Read text on the screen is an issue. Anyways, thanks!
Perhaps changing the colors of the background/text would work for you?
  • #5,557
  • Jun 20, 2018 7:43am Jun 20, 2018 7:43am
Quoting strat
PASR {quote} No need to apologise if they help you on The Path. Keep on studying and applying what you have learned.
Thanks Strat...will do!
  • #5,558
  • Jun 20, 2018 9:18am Jun 20, 2018 9:18am
AUDCAD H1 PASR Swing Trading 322 pips

Quoting samsonwebdes
Another overnight trade put pips in the bank last night. Nice to wake up to in the morning. H1 trading on the H4 swing for +322 pips 6 small positions in total. {image} {image}
Excellent, Samson. I could not have done better myself!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,559
  • Jun 20, 2018 9:25am Jun 20, 2018 9:25am
USDCAD

Quoting ReelTrader
Hi Strat, While I read and attempt to apply concepts as I am learning. The following pattern, if you will, occurred on the monthly (highlighted in gray on the bottom chart). I see this pattern on every timeframe, but am not sure how to interpret it. I think I need to wait for it to break the 1.3672 level and close above it. On the weekly (the top chart). It seems that there will be no resistance until it hits the 1.4689 level. I would need to wait and see how price approaches the 1.3672 level. If no pull back,the R%R seems unfavorable. Appreciate...
I see this pattern on every timeframe,

What is this ""pattern"" that you see?

Big Boss

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Boss

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Worker

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,560
  • Jun 20, 2018 9:26am Jun 20, 2018 9:26am
Quoting Rub
{quote} Perhaps changing the colors of the background/text would work for you?
A visit to the Optician to get reading glasses would be better!
15 YEARS OF PASR ON FOREX FACTORY!
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