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Strat's PASR Long Term, Stress Free Trading

  • #5,561
  • Jun 20, 2018 12:14pm Jun 20, 2018 12:14pm
Quoting strat
USDCAD {quote} I see this pattern on every timeframe, What is this ""pattern"" that you see? Big Boss {image} Boss {image} Worker {image}
Hi Strat,

The pattern is the constructive Lower high pattern on the monthly. (I drew it with a black line) As you have shown on th Boss chart. There is some resistance at the 1.3380 level. And the worker looks really extended. I am thinking about waiting for a pullback to the strat shadow on the worker as the boss chart is beginning to show signs of a trend change with higher highs and high lows.

However if I look at the mess that price has to go through, I dont think this is even tradeable. Profit targe of the high of the shooting star on the Big boss seems outlandish.

Man, I am getting so confused. Past charts make so much sense but realtime....that is something I need to work on mentally.
Attached Image
  • #5,562
  • Jun 20, 2018 3:58pm Jun 20, 2018 3:58pm
Hi Strat,

Attempted a lower timeframe PASR trade on the one hour (hopefully I got it right)

Overall daily BIG BOSS trend is down. The 4 hour BOSS chart seems to be showing a pullback back to prior resistance around the 127.90 area. PASR signal to short came from the 1 hour WORKER chart with the IB break at the resistance level. Target is the 127 as shown on the 4 hour BOSS chart.
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  • #5,563
  • Jun 20, 2018 4:10pm Jun 20, 2018 4:10pm
USDCAD

Quoting ReelTrader
{quote} Hi Strat, The pattern is the constructive Lower high pattern on the monthly. (I drew it with a black line) As you have shown on th Boss chart. There is some resistance at the 1.3380 level. And the worker looks really extended. I am thinking about waiting for a pullback to the strat shadow on the worker as the boss chart is beginning to show signs of a trend change with higher highs and high lows. However if I look at the mess that price has to go through, I dont think this is even tradeable. Profit targe of the high of the shooting star...
I suggest you study The Power of Time Frames along with trading what you SEE and NOT what you THINK you see or wish. Let PASR show you the way.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,564
  • Jun 20, 2018 4:17pm Jun 20, 2018 4:17pm
EURJPY H1

Quoting ReelTrader
Hi Strat, Attempted a lower timeframe PASR trade on the one hour (hopefully I got it right) Overall daily BIG BOSS trend is down. The 4 hour BOSS chart seems to be showing a pullback back to prior resistance around the 127.90 area. PASR signal to short came from the 1 hour WORKER chart with the IB break at the resistance level. Target is the 127 as shown on the 4 hour BOSS chart. {image}
The problem is PRICE is ALREADY at the bottom of the Weekly Control Candle so probability is not in your favour.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,565
  • Jun 20, 2018 5:19pm Jun 20, 2018 5:19pm
Quoting strat
EURJPY H1 {quote} The problem is PRICE is ALREADY at the bottom of the Weekly Control Candle so probability is not in your favour.
You are right. I read the weekly wrong.I looked at the "double top rejections" knowing the weekly control candle was still valid. Funny how the mind plays tricks.
  • #5,566
  • Jun 20, 2018 5:43pm Jun 20, 2018 5:43pm
Quoting Rub
{quote} Perhaps changing the colors of the background/text would work for you?
No, it doesn't. White/light grey background with black text works best for me (that's how this forum is) but it still isn't good enough for me to be able to read for hours and hours from the screen. Whenever I need to read something a bit lengthy, I print it out. That's how it is for me. People don't really understand and I don't blame them. Both my phone and laptop has an anti-glare screen cover and both of them are on Night Shift 24/7 (which changes the screen to an amber tint which is a bit easier on the eyes - anyone with iPhone or MacBook would know what I'm talking about). But it only makes it bearable for me to use these screens but not enough to be able to focus for long to read text.

Quoting strat
{quote} A visit to the Optician to get reading glasses would be better!
I got prescription glasses when I was little. I've always had an eye strain issue from screens since as far back as I can remember. In 2015, I got laser LASIK treatment which corrected my eyesight and glasses were removed. Since then my eyesight is perfectly fine. But my eye strain issue from the screens (and sun) has been magnified. I cannot go out in the sun without sunglasses. And I can't use a screen at all that is not anti-glare. With anti-glare screens, it gets bearable. But I cannot read text on it for long because that requires the eyes to focus. I have tried to do everything possible you can think of to get this treated. I have been to many eye specialists and three neurologists to figure out how to get this treated but there is no treatment for it yet because no one has fully been able to understand WHY I have this problem. I have been on 6-month long medications as well which did nothing. The only reason I am telling this all to total strangers is to try and prove that I am not a slacker and I am not after shortcuts. I want to genuinely learn and spend a considerable amount of effort in doing so. But there are limitations to everyone's capabilities and reading for hours on a computer screen is one of those limitations for me. On top of using night shift mode and anti-glare screen, I use computer glasses (Gunnar.com) as well with amber tint that are meant to block blue light from the screens which additionally makes looking at the screen better for me. I don't even watch television. Computers in this age are something I cannot avoid. The reason I went in such detail is to explain to you that I am not making excuses to be spoonfed or to get sympathy. I am merely trying to explain my position and where I am coming from and why I can't do what all your other students can i.e. read this entire thread.

I am determined to learn PASR. I feel this is the trading style I am comfortable with (and enjoy). And I will find a way to learn it. If there was a way to print this entire thread, I would do that too. I will try and start copy/pasting your posts in a Word and print them since I can't print all 5500+ posts made in this thread. I will not give up. I still want to be your student and I will graciously accept any help I can get from you, and I am ready and willing to take the criticism whether its on my personal health issues or my trading/learning process.
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  • #5,567
  • Edited 10:10pm Jun 20, 2018 9:13pm | Edited 10:10pm
Quoting jas0992
. And I will find a way to learn it. If there was a way to print this entire thread, I would do that too. I will try and start copy/pasting your posts in a Word and print them since I can't print all 5500+ posts made in this thread.

Hi jas0992,

If you have the will then sky is the limit my friend. so try not to think about bad sides. find a way around this. I am sure your will find a way. Don't think about printing whole thread at one go. and you don't need to isn't? Just print the amount you can read per one day.or for two days. there is another saying like.. " how to eat an elephant? ..... one bite at a time my friend..." So don't think about the amount of posts and try to print whole thread.

Then again ...printing and compiling the posts to a book for your future review will be much better I believe. I am also doing that for M5 method. because these are gems of posts. And review them again and again will do only good for your trading career. I was a member of some popular private websites in past. trust my words ...Strat's guidance is much much better and the learning content here is much better. and you get it for free.But you will need to do some effort..much more than we have to do it seams.but its worth it.

damn..how much I spend in past... for those trading gurus..

Suranga

P.S. Eventhough the whole webpage has more than 5500 posts.. the posts relevant to you and need to be printed may definitely be less than 500(according to the charts I downloaded). But for the previous thread it will be much more. still possible.
Focus, Patience, Discipline, Determination and Perseverance
  • #5,568
  • Edited 9:37am Jun 21, 2018 8:12am | Edited 9:37am
EURCAD

Monthly : immediate trend is up and last month candle supported by the strat shadow
Weekly : 2 week ago's candle BUOB and last week closed outsides the WCC with long wick
Daily : forming a L H HL and 2 days ago it close above the Strat shadow

Action :
BUY on this morning before going to work.
The first resistance is around 200pips away which I should monitor will there be any PA happen.
Stop loss set under Shardow with 1:1.5 risk ratio to my final target.
Will the stop loss be too far?

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  • #5,569
  • Jun 21, 2018 9:20am Jun 21, 2018 9:20am
Quoting brian661
EURCAD Monthly : immediate trend is up and last month candle supported by the strat shadow Weekly : 2 week ago's candle BUOB and last week closed outsides the WCC with long wick Daily : forming a L H LH and 2 days ago it close above the Strat shadow Action : BUY on this morning before going to work. The first resistance is around 200pips away which I should monitor will there be any PA happen. Stop loss set under Shardow with 1:1.5 risk ratio to my final target. Will the stop loss be too far? {image} {image} {image}
Hi Brian,

Everything looks good, except price has not closed outside WCC on the boss chart. I believe you have drawn it wrongly (see attached)

Be careful, although there is only 1 day left, price might close back inside WCC.

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  • #5,570
  • Jun 21, 2018 9:32am Jun 21, 2018 9:32am
Quoting brian661
EURCAD Monthly : immediate trend is up and last month candle supported by the strat shadow Weekly : 2 week ago's candle BUOB and last week closed outsides the WCC with long wick Daily : forming a L H LH and 2 days ago it close above the Strat shadow Action : BUY on this morning before going to work. The first resistance is around 200pips away which I should monitor will there be any PA happen. Stop loss set under Shardow with 1:1.5 risk ratio to my final target. Will the stop loss be too far? {image} {image} {image}
Worker did not make a LH but HL.
  • #5,571
  • Jun 21, 2018 9:37am Jun 21, 2018 9:37am
Quoting MikuSS
{quote} Hi Brian, Everything looks good, except price has not closed outside WCC on the boss chart. I believe you have drawn it wrongly (see attached) Be careful, although there is only 1 day left, price might close back inside WCC. {image}
Thanks for checking Miku, redraw the WCC again myself and yes I draw it wrong...
I will exit the trade if tomorrow closed back in the WCC.

Quoting Svolacius
{quote} Worker did not make a LH but HL.
Yes you are right, please treat it as a Typo =]
  • #5,572
  • Jun 21, 2018 2:40pm Jun 21, 2018 2:40pm
Quoting Suran
{quote} Hi jas0992, If you have the will then sky is the limit my friend. so try not to think about bad sides. find a way around this. I am sure your will find a way. Don't think about printing whole thread at one go. and you don't need to isn't? Just print the amount you can read per one day.or for two days. there is another saying like.. " how to eat an elephant? ..... one bite at a time my friend..." So don't think about the amount of posts and try to print whole thread. Then again ...printing and compiling the posts to a book for your future...
Hi Suran.

Thank you for nice words. Yes, I agree with you that relevant posts are lesser than 5500 and I need to filter them. Mainly, I need to focus on strat's posts. So now I'm going to start printing and compiling from post 1 of this thread.
  • #5,573
  • Jun 21, 2018 3:02pm Jun 21, 2018 3:02pm
EURCAD M5 PASR Trend Trading 46 pips

Finally, 46 pips in PST time zone!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,574
  • Jun 21, 2018 3:16pm Jun 21, 2018 3:16pm
GBPCAD M5 PASR Trend Trading 35 pips

And 35 pips from its twin sister in PST time zone

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,575
  • Jun 21, 2018 3:34pm Jun 21, 2018 3:34pm
Perhaps strat or more experienced members of PSAR can help me uncomplicate my thinking. Sorry if this seems like a silly question.

Many times over. and over, I keep seeing phrase in the old thread and new thread "if trading the daily, trade the daily. Do not go to 4hr and look at SR zones, then you are not trading the daily. But you can go to the 4 hour to time an entry."

Many times I see the monthly, weekly, and daily charts being shown. Does this mean we are trading the weekly chart since the daily is the worker chart for for the entry and weekly will be used to exit trades?

If trading the daily the worker would be the 4 hour correct?
  • #5,576
  • Jun 21, 2018 3:56pm Jun 21, 2018 3:56pm
Quoting ReelTrader
Perhaps strat or more experienced members of PSAR can help me uncomplicate my thinking. Sorry if this seems like a silly question. Many times over. and over, I keep seeing phrase in the old thread and new thread "if trading the daily, trade the daily. Do not go to 4hr and look at SR zones, then you are not trading the daily. But you can go to the 4 hour to time an entry." Many times I see the monthly, weekly, and daily charts being shown. Does this mean we are trading the weekly chart since the daily is the worker chart for for the entry and weekly...
... have a look at:

https://web.archive.org/web/20120603...ng:time_frames

".. Hopefully this will help you understand why you cannot use information from a lower time frame to trade the higher time frame. For example, you cannot use support and resistance levels from H4 to trade the Daily since there are 6 H4 bars in a Daily and as many swings meaning that eventually you will be stopped out mid .." - strat

Mucky
  • #5,577
  • Edited 4:16pm Jun 21, 2018 4:03pm | Edited 4:16pm
Quoting strat
GBPCAD M5 PASR Trend Trading 35 pips And 35 pips from its twin sister in PST time zone {image}

GBPCAD M5 PASR Trend Trading:

Me too:
Got little pips from that pair too.


Happy Trading,
Yomi.
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Time always comes before price
  • #5,578
  • Jun 21, 2018 4:10pm Jun 21, 2018 4:10pm
Had some trades close due to protective stops today. All in the green.
EURUSD
GBPJPY
GBPUSD
USDCAD
AUDUSD

GBPUSD second round of shorts,this trend has been VERY good to me.

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USDCAD

This is a more interesting chart. My entry was based on the Boss and the Worker, it immediately went into draw down. But why didn't I close it?

Well, my initial risk was the Boss swing low so I'd accepted that BEFORE my trade. Using the Worker and Boss Chart I never saw sellers at all and managed my risk up using the worker lows and the Strat Shadow.

This trade could have gone either way but by managing my risk I was never bothered if it stopped out so I could manage it becoming a winner over three weeks instead.

Boss

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Worker

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Shame it moved too fast for me to get additional trades on it, that's not a bad problem to have in this industry and one I can deal with..

Hope this helps regarding market structure and order placement.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #5,579
  • Jun 21, 2018 4:25pm Jun 21, 2018 4:25pm
Quoting Mucky
{quote} ... have a look at: https://web.archive.org/web/20120603...ng:time_frames ".. Hopefully this will help you understand why you cannot use information from a lower time frame to trade the higher time frame. For example, you cannot use support and resistance levels from H4 to trade the Daily since there are 6 H4 bars in a Daily and as many swings meaning that eventually you will be stopped out mid .." - strat Mucky
Thanks Mucky! It makes sense. As I am reading and trying to understand. I find I still micro manage the trades, which may be hindering my progress. Waiting for closes and PASR to form on the weekly before looking at the daily is something I need to work on.

This is where my confusion may now lie. Once entering the trade on the daily, I dont see why we need to look at the daily again unless there are Sr levels on the daily we need to watch, but then again that defeats the purpose of using the weekly and monthly levels.

I will keep reading the threads, eventually it should make sense.
  • #5,580
  • Jun 21, 2018 4:29pm Jun 21, 2018 4:29pm
Quoting ReelTrader
Perhaps strat or more experienced members of PSAR can help me uncomplicate my thinking. Sorry if this seems like a silly question. Many times over. and over, I keep seeing phrase in the old thread and new thread "if trading the daily, trade the daily. Do not go to 4hr and look at SR zones, then you are not trading the daily. But you can go to the 4 hour to time an entry." Many times I see the monthly, weekly, and daily charts being shown. Does this mean we are trading the weekly chart since the daily is the worker chart for for the entry and weekly...
I use Big Boss for guidance, sometimes Boss for entries but mainly Worker for entries both BASIC PASR and Trend.
If I have time some screen time I will refine add on trades using a lower time frame.

I do use mainly 4hr to exit trades but sometimes 15 min if i'm feeling really tight (which is often these days).

We all develop our individual style within the structure given to us by Strat, this is why it works. So it's important you give yourself time to develop your own style through plenty of screen time and study (and low leverage).
Private Msgs are turned off to weirdos, loafs and brain drainers
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