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Strat's PASR Long Term, Stress Free Trading

  • #5,981
  • Jul 24, 2018 11:41am Jul 24, 2018 11:41am
Quoting brian661
{quote} Thanks darko, rufus and Strat, On Big boss chart, should I look that far to identify the L-H-HL structure? If I look with shorter time range, 4 years, I will draw a H-L-LH struture How should I design how long I should look for? {image} For the time frame problem, I am using Fxpro and the sever time is GMT+2 I did not change to other broker because it is difficult to find a trusted broker... and I saw other members having different server time too. Am I allow to ask for broker suggestion here? Thanks
I use a US close broker on demo. For charting and trade on another. Once you get used to it, it works.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,982
  • Jul 24, 2018 11:44am Jul 24, 2018 11:44am
Quoting darko2010
{quote} https://www.caffeineinformer.com/7-g...o-drink-coffee
Meanwhile in the UK, while Rufus and Darko were having a coffee.........

Little bit of BASIC PASR to keep my eye in while it's quiet.
Little unorthodox this one. Spotted the support area while looking at the H4 charts on my scan through. Nice confluence with 200MA.
Decided to take a look at H1 which didn't give anything particularly glaring but had a feeling support would be respected as it's been ranging for a while.
Dropped to M15 for an entry in this case.

200 PIPS in total from 6 entries. Got out as it's time for dinner and 200 pips is enough from an M15 trade for me. Don't want to feed my little peoples GREED!
SUPER slow pair but they seem to respect the ranges when they get there and PA on M15 looked too good to miss.

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Study enough and it all starts looking like the Matrix...
  • #5,983
  • Jul 24, 2018 11:51am Jul 24, 2018 11:51am
Quoting samsonwebdes
{quote} Meanwhile in the UK, while Rufus and Darko were having a coffee......... Little bit of BASIC PASR to keep my eye in while it's quiet. Little unorthodox this one. Spotted the support area while looking at the H4 charts on my scan through. Nice confluence with 200MA. Decided to take a look at H1 which didn't give anything particularly glaring but had a feeling support would be respected as it's been ranging for a while. Dropped to M15 for an entry in this case. 200 PIPS in total from 6 entries. Got out as it's time for dinner and 200 pips...
Beautiful !
  • #5,984
  • Jul 24, 2018 12:32pm Jul 24, 2018 12:32pm
Quoting samsonwebdes
{quote} Meanwhile in the UK, while Rufus and Darko were having a coffee......... Little bit of BASIC PASR to keep my eye in while it's quiet. Little unorthodox this one. Spotted the support area while looking at the H4 charts on my scan through. Nice confluence with 200MA. Decided to take a look at H1 which didn't give anything particularly glaring but had a feeling support would be respected as it's been ranging for a while. Dropped to M15 for an entry in this case. 200 PIPS in total from 6 entries. Got out as it's time for dinner and 200 pips...
I was looking at that bugger this morning. Coffee and work crap took over.

Good trade
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,985
  • Jul 24, 2018 3:36pm Jul 24, 2018 3:36pm
Quoting strat
{quote} Its no big deal what it is called Terry. It is a doji showing indecision and that's all we need to know.
Thanks Strat, you are absolutely right.
  • #5,986
  • Jul 24, 2018 5:30pm Jul 24, 2018 5:30pm
PASR

Quoting brian661
{quote} Thanks darko, rufus and Strat, On Big boss chart, should I look that far to identify the L-H-HL structure? If I look with shorter time range, 4 years, I will draw a H-L-LH struture How should I design how long I should look for? {image} For the time frame problem, I am using Fxpro and the sever time is GMT+2 I did not change to other broker because it is difficult to find a trusted broker... and I saw other members having different server time too. Am I allow to ask for broker suggestion here? Thanks
On Big boss chart, should I look that far to identify the L-H-HL structure? If I look with shorter time range, 4 years, I will draw a H-L-LH struture How should I design how long I should look for?

You should ALWAYS check PRICE structure on every analysis and trade
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,987
  • Jul 24, 2018 5:32pm Jul 24, 2018 5:32pm
EURAUD M5 PASR Trend Trading 35+ pips

Quoting brian661
5 minute trade on EURAUD +35pips I enter because of: London developed a nice down trend, and at the opening of New York, a BEEB with a pull back candle. Exit at the BUEB above the 4h support {image}
Well done Brian!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,988
  • Jul 24, 2018 5:34pm Jul 24, 2018 5:34pm
M5

Quoting Humbucker
M5 USD/CAD M5 GBP/USD Both trades in London am, similar idea. The market looked a little indecisive this morning, so I patiently waited for direction from the SS. Both pairs retraced to the SS, gave me fairly tight entries, then the market went parabolic in my favour, then formed some quite deep dojis at target level 2 so I exited both for about +15 each. Left pips on the table in each case. I seem to really worry about hanging onto profit, or going into loss when the trade has been in profit. All of the trades swung big time in my direction and...
This style of M5 trading does not belong on this thread - kindly take it to the other M5 LOSERS threads.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,989
  • Jul 24, 2018 5:39pm Jul 24, 2018 5:39pm
AUDNZD M15 Basic PASR 200 pips

Quoting samsonwebdes
{quote} Meanwhile in the UK, while Rufus and Darko were having a coffee......... Little bit of BASIC PASR to keep my eye in while it's quiet. Little unorthodox this one. Spotted the support area while looking at the H4 charts on my scan through. Nice confluence with 200MA. Decided to take a look at H1 which didn't give anything particularly glaring but had a feeling support would be respected as it's been ranging for a while. Dropped to M15 for an entry in this case. 200 PIPS in total from 6 entries. Got out as it's time for dinner and 200 pips...
You make Basic PASR look so easy Samson! Great job in stealing pips from everywhere!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,990
  • Jul 24, 2018 5:43pm Jul 24, 2018 5:43pm
AUDNZD H4

Quoting Rufus
{quote} I was looking at that bugger this morning. Coffee and work crap took over. Good trade
PRICE was already at H4 resistance at 6am our time Rufus but now looks like it is going to continue to Worker resistance.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,991
  • Jul 24, 2018 5:53pm Jul 24, 2018 5:53pm
Quoting strat
AUDNZD H4 {quote} PRICE was already at H4 resistance at 6am our time Rufus but now looks like it is going to continue to Worker resistance.
I learned a lot from Samsons post today. I was not flexible in my thinking. All it would have taken was to click down a couple time frames to see the entry. There were a couple pair that caught my eye this morning. Tonight when I get home will be looking at them.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,992
  • Jul 24, 2018 9:21pm Jul 24, 2018 9:21pm
Quoting samsonwebdes
{quote} Meanwhile in the UK, while Rufus and Darko were having a coffee......... Little bit of BASIC PASR to keep my eye in while it's quiet. Little unorthodox this one. Spotted the support area while looking at the H4 charts on my scan through. Nice confluence with 200MA. Decided to take a look at H1 which didn't give anything particularly glaring but had a feeling support would be respected as it's been ranging for a while. Dropped to M15 for an entry in this case. 200 PIPS in total from 6 entries. Got out as it's time for dinner and 200 pips...

Finally got home this evening and had to look at Samson's trade. A masterful work. Even if the trade failed it was a good one.

I wanted to analyze from my own perspective why I missed it. I looked specifically at the pair as I was scanning charts. By 6am my time the close of the 4hr candle there were at least 2 more than likely 3 cups of coffee consumed. So had to have been awake.

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Look at all the rejection at that level on the 1hr chart.

This post flipped a key in my brain. Thanks Samson.

I had become complacent in the charts as they flew by this morning. One click with the mouse on my 4hr chart would have been all it took to get the trading juices flowing.

Sometimes in life as well as trading we need to think outside the box.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,993
  • Jul 25, 2018 3:38am Jul 25, 2018 3:38am
Quoting samsonwebdes
{quote} Meanwhile in the UK, while Rufus and Darko were having a coffee......... Little bit of BASIC PASR to keep my eye in while it's quiet. Little unorthodox this one. Spotted the support area while looking at the H4 charts on my scan through. Nice confluence with 200MA. Decided to take a look at H1 which didn't give anything particularly glaring but had a feeling support would be respected as it's been ranging for a while. Dropped to M15 for an entry in this case. 200 PIPS in total from 6 entries. Got out as it's time for dinner and 200 pips...
Managed to do something similar on EUR/AUD. I saw price stall at the top of the WCC, placed a pending order under price on 4hr charts, and woke up to a nice profit that hit my TP sometime after I got to work. All based on 4hr charts.

EDIT: also keeping an eye on USD/CAD. Have a look at the boss chart.
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  • #5,994
  • Jul 25, 2018 3:50am Jul 25, 2018 3:50am
Quoting samsonwebdes
{quote} Meanwhile in the UK, while Rufus and Darko were having a coffee......... Little bit of BASIC PASR to keep my eye in while it's quiet. Little unorthodox this one. Spotted the support area while looking at the H4 charts on my scan through. Nice confluence with 200MA. Decided to take a look at H1 which didn't give anything particularly glaring but had a feeling support would be respected as it's been ranging for a while. Dropped to M15 for an entry in this case. 200 PIPS in total from 6 entries. Got out as it's time for dinner and 200 pips...
Hi, samson

How do you deal with the bear candle on H4? (see below pic)
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thanks for your share

regards

Cj
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #5,995
  • Jul 25, 2018 4:07am Jul 25, 2018 4:07am
Quoting Cj.cn
{quote} Hi, samson How do you deal with the bear candle on H4? (see below pic) {image} thanks for your share regards Cj

Personally I am not up to the point samson is, but I think the bear candle not going lower than the previous candle, and leaving a bit of a wick on close is solid clue in the right location.
  • #5,996
  • Jul 25, 2018 4:15am Jul 25, 2018 4:15am
Quoting Cj.cn
{quote} Hi, samson How do you deal with the bear candle on H4? (see below pic) {image} thanks for your share regards Cj
Hi CJ.

I'm not quite sure what you mean by deal with it.
It just rejected the support area again so another string to add to the bow along with previous rejection and the 200MA.

My entry was on a lower time frame after that candle had closed and rejected support again. As long as price isn't closing in or below the support area I'm comfortable. When it's getting down there and looking like the trade is wrong I get out.

Whatever time frame I'm trading I stay on and try not to look at anything bigger. Scares the little people into thinking something is wrong.

Now you've drawn that lovely wedge/flag (we used to call them in my stock trading education attempts) on the chart though it looks even more appealing!
Study enough and it all starts looking like the Matrix...
  • #5,997
  • Jul 25, 2018 4:22am Jul 25, 2018 4:22am
Quoting Rub
{quote} Personally I am not up to the point samson is, but I think the bear candle not going lower than the previous candle, and leaving a bit of a wick on close is solid clue in the right location.
Yes Rub that was my thoughts.
While it's not technically an inside bar as the close was lower than the one before look at the long tail on the previous candle and then the same rejection again.
As it didn't CLOSE below support it was a possible rejection so we wait for confirmation of that. If you look back on the H1 chart it tested that almost to the pip twice before and then bounced.

Price has a memory and history repeats itself.
Study enough and it all starts looking like the Matrix...
  • #5,998
  • Jul 25, 2018 4:45am Jul 25, 2018 4:45am
Quoting Rub
{quote} Managed to do something similar on EUR/AUD. I saw price stall at the top of the WCC, placed a pending order under price on 4hr charts, and woke up to a nice profit that hit my TP sometime after I got to work. All based on 4hr charts. EDIT: also keeping an eye on USD/CAD. Have a look at the boss chart. {image} {image} {image}
Hi Rub,
USD/CAD
While it's just put in a nice BEEB on H4 theres no real room for it to move down there. I'd be more inclined to see what happens when price gets down to that area.
History tells us to pay attention at that level but price hasn't managed to get too high from the bounces in the past so would have to keep a close eye on where it goes IF price decides to give a signal in that area.

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Study enough and it all starts looking like the Matrix...
  • #5,999
  • Jul 25, 2018 4:51am Jul 25, 2018 4:51am
Quoting samsonwebdes
{quote} Hi Rub, USD/CAD While it's just put in a nice BEEB on H4 theres no real room for it to move down there. I'd be more inclined to see what happens when price gets down to that area. History tells us to pay attention at that level but price hasn't managed to get too high from the bounces in the past so would have to keep a close eye on where it goes IF price decides to give a signal in that area. {image}
Indeed. I have not entered a position, for all those reasons. However the recent weekly candles have me keeping a close eye on it, there may well be a good retest of the support if it breaks through.
  • #6,000
  • Jul 25, 2018 5:01am Jul 25, 2018 5:01am
Quoting Rub
{quote} Indeed. I have not entered a position, for all those reasons. However the recent weekly candles have me keeping a close eye on it, there may well be a good retest of the support if it breaks through.
Thing to remember is we've no idea what will happen and just need to get on the train with the rest of them.
This pair seems to be quite regular with it's stops at the stations but at some point the drivers going to say screw it I'm not stopping here and we need to get the hell out of his way!
Study enough and it all starts looking like the Matrix...
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