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Strat's PASR Long Term, Stress Free Trading

  • #5,601
  • Jun 23, 2018 7:57am Jun 23, 2018 7:57am
Quoting Bestof27
{quote} The Boss is in an up trend, supported by Strat Shadow, price is entering support zone, so I wouldn't have sold... I don't rely on analyst sayings because this is not their money...
Absolutely agree that higher timeframe was still showing a long-term uptrend, but last month's Big Boss showed rejection, which was seen on last week's candle.

The fundamental view was just my thought process of what could've pushed the price up all of a sudden, I do not use that information in my trading plan.
  • #5,602
  • Jun 23, 2018 9:33am Jun 23, 2018 9:33am
Quoting Cj.cn
{quote} Hi, ReelTrader 1st, Do you use the right setting of MA? Your chart is different from me. 2nd, Agree with that the Price is TRAPPED in a TRADING RANGE, so we can use the BASIC PASR TRADE. 3rd, But the Price is at the Resistance now. So, I wouldn't Buy into Resistance. My plan is waiting Price to re-test the Support, make a HL and then enter LONG. {image} Regards Cj
HI Cj.cn

I do not use the MAs of the Strat shadow because it keeps changing for optimization and I do not want be be reliant on strat giving me a yearly update.(One of the averages was initially 50 then 63, now 72). I know my brain cannot handle that psychologically and will make me start questioning alot of things. Hence, I use the 20, 50, 200 SMA. I am happy with those after many years of trying to tweak. I just use it because the "big boys" use these and it does not mess with my head when I begin to observe what price does around it. Strat even said that is only one part of the method.

I see the resistance you are talking about. On the weekly, it is actually a support zone. Weekly boss chart for me clarifies that zone is nothing to worry about as the R and R is good and price currently does not seem to care about that level.

I am just learning too, so I may be wrong.
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  • #5,603
  • Jun 23, 2018 9:51am Jun 23, 2018 9:51am
Quoting Svolacius
Good day all. I've had my one trade stopped out and I can't really figure it out using price action. I traded WTI crude oil which I remember is a wild beast and requires experience and risk tolerance to trade. I accepted the risk and I am okay with the outcome but in order to progress further on the Path, I feel like I must understand if there was a genuine Price Action reason that my trade failed or it was due to OPEC meeting yesterday. So I put a sell order on WTI. Boss: Price closed below SS, was rejected at resistance at 67. One thing is that...
Since WTI crude oil is heavily manipulated I personal doesn't trade this instrument.

For the fundamentals maybe the marked expected more oil into the market therefore the price go up?I also think OPEC will hold the price under 100 dollar and the price now is 68 dollar (so the price can continue to increase).

For technical, as Bestof27 wrote, BOSS is in a strong uptrend supported by strat shadow. In addition I can see the following

 

  1. In the figure for BOSS you miss support at 63.500 (so you entry is into support).
  2. The last two candles of the BOSS are small like the move of the price is slowing down
  3. For the worker strat shadow is not good: The 72 ema is close to flat.

Paal

  • #5,604
  • Jun 23, 2018 12:13pm Jun 23, 2018 12:13pm
PASR

Quoting ReelTrader
{quote} HI Cj.cn I do not use the MAs of the Strat shadow because it keeps changing for optimization and I do not want be be reliant on strat giving me a yearly update.(One of the averages was initially 50 then 63, now 72). I know my brain cannot handle that psychologically and will make me start questioning alot of things. Hence, I use the 20, 50, 200 SMA. I am happy with those after many years of trying to tweak. I just use it because the "big boys" use these and it does not mess with my head when I begin to observe what price does around it....
I do not use the MAs of the Strat shadow because it keeps changing for optimization and I do not want be be reliant on strat giving me a yearly update.

""keeps changing"" - twice in 9 years???????????????????? That is your idea of ""keeps changing""?????????????????

The Strat Shadow has ONLY changed twice in 9 years and that was because the MARKET CHANGED!!!!!!!!!!!!!!!!!!!!!!

I know my brain cannot handle that psychologically and will make me start questioning a lot of things

That has nothing to do with it. It is because YOU are one of those idiots who, given a consistently profitable strategy want to change it because they THINK they know better!

Hence, I use the 20, 50, 200 SMA

So, you are one of those smart asses who know MORE than those traders who, over the last 9 years, have used PASR to be consistently profitable and Trade for their Living.

I just use it because the "big boys" use these

No, they don't!!!!!!!!!!!!!!!!!!!!

This thread is for LEARNING and TRADING PASR

Since you are NOT it is GOODBYE!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,605
  • Jun 23, 2018 12:54pm Jun 23, 2018 12:54pm
PASR

Quoting ReelTrader
{quote} HI Cj.cn I do not use the MAs of the Strat shadow because it keeps changing for optimization and I do not want be be reliant on strat giving me a yearly update.(One of the averages was initially 50 then 63, now 72). I know my brain cannot handle that psychologically and will make me start questioning alot of things. Hence, I use the 20, 50, 200 SMA. I am happy with those after many years of trying to tweak. I just use it because the "big boys" use these and it does not mess with my head when I begin to observe what price does around it....
And this is EXACTLY why I do not like Public Forums! It is just not worth the hassle!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,606
  • Jun 23, 2018 1:02pm Jun 23, 2018 1:02pm
Quoting strat
PASR {quote} And this is EXACTLY why I do not like Public Forums! It is just not worth the hassle! {image}
Have submitted an clean up report to FF about his mock-up thread.

Paal
  • #5,607
  • Jun 23, 2018 6:51pm Jun 23, 2018 6:51pm
Quoting strat
PASR {quote} And this is EXACTLY why I do not like Public Forums! It is just not worth the hassle! {image}

Dear Strat,

Its really heart breaking to see these type of people coming to disrupt the good work done here. You cannot get rid of this type of BS people(ungrateful ****) from FF completely. they will come once in while definitely. so please please please ignore them and think about only the good side. You do know this has the potential to change peoples life completely and it seams this already might have changed peoples life for good.. And how many gained valuable knowledge from here. Lot of those super traders and gurus already gone bust or gone away now. But our poor old Strat still in the market trading and teaching..


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #5,608
  • Jun 23, 2018 7:54pm Jun 23, 2018 7:54pm
Quoting Svolacius
Good day all. I've had my one trade stopped out and I can't really figure it out using price action. I traded WTI crude oil which I remember is a wild beast and requires experience and risk tolerance to trade. I accepted the risk and I am okay with the outcome but in order to progress further on the Path, I feel like I must understand if there was a genuine Price Action reason that my trade failed or it was due to OPEC meeting yesterday. So I put a sell order on WTI. Boss: Price closed below SS, was rejected at resistance at 67. One thing is that...
Hi, Svolacius

We learn from the mistakes. I also made some wrong trades like this. Thanks for your share this trades.

1st, We always start from the Boss, and then down to Worker.

 

  1. the trend is UP and it was a counter trend trade. This is not the most important problem. We trade couter trend sometimes.
  2. when you plan to enter a trade, we should think what the pre week candle is telling us. I think you ignored the pre candle which is supported by strat shadow and with long tail on Boss. So, KEEP CAUTION to short.

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2nd, down to worker. Which I learned is "EXIT".

If you didn't "SEE" the pre week candle, that is no problem. Because The Daily chart looks like very good to SHORT. The L-H-LH structure, the price was rejected by the strate shadow twice. and our pending order was filled. We enter our trade naturally.

But the 2nd day it didn't CLOSED below the LL and made a Bull candle. "KEEP CAUTION" the market told again. So you should look for the chance to "GET OUT" your trade.

If you have "GET OUT" your trade with a small loss in the next few days, that is good. This is just our bussiness cost. No need to worried. Throw it away and look for another opportunity.
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Just my own opinion.

Good luck

Cj
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #5,609
  • Jun 24, 2018 1:50am Jun 24, 2018 1:50am
CADJPY

Monthly : Down trend, last month shown resistance on strat shadow
Weekly : Down trend, closed outside the WCC (Last week candle is not close clearly outside WCC, so I did not redraw WCC)
Daily : Down trend, but a little bit far from strat shadow
Plan : If I enter directly, the risk reward ratio is just around 1:1, will look for a retest on resistance then enter the trend

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  • #5,610
  • Jun 24, 2018 1:53am Jun 24, 2018 1:53am
NZDUSD Swing PASR

Monthly : Is in a swing bottom
Weekly : A hammer and a double bottom formed on support
Daily : Yesterday is a hammer and today is a BUEB
Plan : Buy and target at swing high, risk ratio 1:4
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  • #5,611
  • Jun 24, 2018 2:37am Jun 24, 2018 2:37am
Quoting Cj.cn
{quote} Hi, Svolacius We learn from the mistakes. I also made some wrong trades like this. Thanks for your share this trades. 1st, We always start from the Boss, and then down to Worker. the trend is UP and it was a counter trend trade. This is not the most important problem. We trade couter trend sometimes. when you plan to enter a trade, we should think what the pre week candle is telling us. I think you ignored the pre candle which is supported by strat shadow and with long tail on Boss. So, KEEP CAUTION to short. {image} 2nd, down to worker....
Thank you for your insights on my trade. That's pretty much what I think about this trade as well, except I accepted the risk and wanted to see how the trade will play out, instead of getting out immediately. Good thing is that this trade is the only loss that I saw last week.
  • #5,612
  • Jun 24, 2018 2:38am Jun 24, 2018 2:38am
Quoting strat
PASR {quote} And this is EXACTLY why I do not like Public Forums! It is just not worth the hassle! {image}
Dear Strat,
Being a non-professional trader from Holland since 5 years, I indeed just as you mentioned struggled with all kind of indicators, strategies etc.
Making some money, but loosing to much also.
I came to the same conclusions: indicators say sth about the past, MA tells sth about being bearish in a bullish context or vv, but what will a future price do..? Can be anything.

So I very much like your approach. In some ways it is like the CHOROS thread. I must and will dive into this deeper.

But, pls dont be angered by some idiots who dont know how to behave!
In Holland I am part of the administrator team who keeps up the biggest national forum, with monthly > 20 million sessions. So I know how hard it can be, and how many idiots there can be. Thats just how life is these days. But, from my experience with managing a public forum I must say that the crew here at FF do a marvellous job. Would be such a shame to let the idiots win.. so dont go, or else the foul mouth wins once again..!
  • #5,613
  • Jun 24, 2018 3:18am Jun 24, 2018 3:18am
Anyone else using this setup on GBP/USD? Pretty simple PASR to add-on in my case.
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  • #5,614
  • Jun 24, 2018 3:23am Jun 24, 2018 3:23am
Quoting brian661
NZDUSD Swing PASR Monthly : Is in a swing bottom Weekly : A hammer and a double bottom formed on support Daily : Yesterday is a hammer and today is a BUEB Plan : Buy and target at swing high, risk ratio 1:4 {image} {image} {image}
I m with you on this one
  • #5,615
  • Jun 24, 2018 3:29am Jun 24, 2018 3:29am
Quoting Svolacius
Anyone else using this setup on GBP/USD? Pretty simple PASR to add-on in my case. {image} {image}
Won't go on this pair because we are at bottom WCC, and this week closed as a doji on the BB
  • #5,616
  • Jun 24, 2018 3:37am Jun 24, 2018 3:37am
Quoting brian661
NZDUSD Swing PASR Monthly : Is in a swing bottom Weekly : A hammer and a double bottom formed on support Daily : Yesterday is a hammer and today is a BUEB Plan : Buy and target at swing high, risk ratio 1:4 {image} {image} {image}
Your WCC is wrong, you have marked B1 and for me it is B6 (B0 is the last candle)
  • #5,617
  • Jun 24, 2018 5:09am Jun 24, 2018 5:09am
Quoting Bestof27
{quote} Your WCC is wrong, you have marked B1 and for me it is B6 (B0 is the last candle)
Oh you are right, then the signal is much more clear, B0 is not closing outside WCC.
  • #5,618
  • Edited 1:53pm Jun 24, 2018 10:57am | Edited 1:53pm
PASR

Quoting jbhesl
{quote} Dear Strat, Being a non-professional trader from Holland since 5 years, I indeed just as you mentioned struggled with all kind of indicators, strategies etc. Making some money, but loosing to much also. I came to the same conclusions: indicators say sth about the past, MA tells sth about being bearish in a bullish context or vv, but what will a future price do..? Can be anything. So I very much like your approach. In some ways it is like the CHOROS thread. I must and will dive into this deeper. But, pls dont be angered by some idiots who...
Thank you but you have your facts wrong.

So I very much like your approach. In some ways it is like the CHOROS thread.

PASR is unique and UNLIKE any other thread AND, Choros came 15 months AFTER this thread was established so it is impossible for PASR to be like it!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,619
  • Jun 24, 2018 11:57am Jun 24, 2018 11:57am
PASR

Quoting Cj.cn
{quote} Hi, Svolacius We learn from the mistakes. I also made some wrong trades like this. Thanks for your share this trades. 1st, We always start from the Boss, and then down to Worker. the trend is UP and it was a counter trend trade. This is not the most important problem. We trade couter trend sometimes. when you plan to enter a trade, we should think what the pre week candle is telling us. I think you ignored the pre candle which is supported by strat shadow and with long tail on Boss. So, KEEP CAUTION to short. {image} 2nd, down to worker....
We always start from the Boss

No, ""WE"" do not - SEE POST 5581
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,620
  • Jun 24, 2018 12:05pm Jun 24, 2018 12:05pm
Quoting strat
PASR {quote} And this is EXACTLY why I do not like Public Forums! It is just not worth the hassle! {image}
If you are thinking to make a new private forum, i really interested in join in.


All this time i have been watching and learning And yes... im very sure that before this year end, im not going to be trading in my intraday style anymore... This Higher Timeframes trading is much better...
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