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Strat's PASR Long Term, Stress Free Trading

  • #6,001
  • Jul 25, 2018 9:24am Jul 25, 2018 9:24am
USDCAD M5 PASR Trend Trading:


LIVE and back, after a deserved rest at the MOVING HARD RIGHT EDGE.........Where the Strat's Shadow is still giving an "Edge".




Happy Trading,
Yomi.
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Time always comes before price
  • #6,002
  • Edited 6:51pm Jul 25, 2018 10:04am | Edited 6:51pm
Quoting samsonwebdes
{quote} 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...
1st, there's a down trend line. and the price is at the end of the down wedge. It maybe break out the support.

2nd, the bear candle is a BEEB.

Although it didn't closed below the support, it make me stay out and see if the next candle closed below the support. It prevented me to take a long trade as BEEB.

sorry for my poor english and thank you for your reply

regards

Cj
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #6,003
  • Jul 25, 2018 1:26pm Jul 25, 2018 1:26pm
Quoting strat
USDJPY {quote} You have got comments from Rufus but I'm disappointed you didn't get anymore. I held off commenting awaiting others but since they have no interest here goes: Big Boss Significant for me is that the June BUEB candle closed above the 20MA Pete - there is no ""June BUEB"" - you need to go back and study candlesticks. You missed the most important PRICE ACTION on the Big Boss - PRICE is REJECTED from RESISTANCE! Final analysis - short term trend is up. short term trend WAS up - PRICE will likely go sideways Boss On the Boss i am focusing...
Hi Strat

Once again thank you for your feedback... My feedback on what I have learnt below:

"there is no ""June BUEB""

Agreed. The position is wrong. It should not be part of an uptrend like my example. To be valid it will as the last candle occurs at the bottom of a downtrend reversing the previous bearish candle. Body will be larger beginning the close or below the close of the previous bearish candle's body and the high of the BUEB body will close higher than closing body of the previous bearish candle's body. The April Candle on my chart is a valid BUEB

"Big Boss - PRICE is REJECTED from RESISTANCE!"

Yes. I missed that. I was fascinated by the triangle consolidation pattern forming that I did not realize price was respecting a SR at 111ish that I did not even have on my Big Boss and Boss charts. I did not see the June bullish candle stopping at this level. I was watching the July candle (possible Shooting star or Doji in process of forming) but did not pay attention that the wick was beyond resistance but the upper body of the candle was at the resistance level indicating that sellers are defending this level. Also I chose to ignore it because it has not closed yet. Wrongly, I guess as I should take notice of what the buyers and sellers are doing. The bulls have not yet been able to breach this level. This is even more evident on the Boss Chart where buyers were repelled at this level in May before testing it again during June before finally breaking through in July only to drop down again to retest this level. I did not see this.

"short term trend WAS up - PRICE will likely go sideways"

I agree that price will likely go sideways due to the consolidation that is in progress in the pattern. However my view was that the short term trend in play has not ended yet viewing it from the Big Boss perspective as the June candle is bullish, the July candle has not closed yet and although it is a doji indicating indecision or price agreement for now between the sellers and buyers, it is still bullish on my chart. As mentioned above I chose to ignore it and so missed the important interaction that is taking place now between the buyers and sellers...(just a thought that I can visualize...the current candle displays the realtime haggling going on between the buyers and sellers in the marketplace and even though it is not over, the lower frames shows the result of gains and losses made to this point in time within the movement of the higher frame candle - not sure if I make sense...but something for me to ponder on a bit more)

"You missed the most important PRICE ACTION on the Boss"

Agreed. I was reacting to the breakout from the WCC and not seeing what price was doing. See my comments above.

"Be careful using trend lines - they can CONFUSE more they can help"

Noted. And I think part of why I was missing important PA on the higher levels was because of the trendlines forming the triangle. i was not seeing what was going on price-wise inside the triangle.

"but for each time frame concentrate on the most recent candles and PASR in addition to reciting history"

Very important lesson for me. I am guilty of looking at the bigger picture of patterns forming such as trends, triangles, channels but not looking at what the candles are telling me that are forming that pattern. PASR does not just consist of a trendline between two SR levels with PA candles at both ends. Well, simplistically speaking it does seem that way but that is not the whole truth. It consists of individual candles forming the path of the trend from the swing where it started to the swing that ends the trend with each candle individually contributing to the trend. Each candle is a chapter in the story of buyers and sellers meeting, negotiating, sometimes calmly, sometimes frenetically haggling over bargains, sometimes not making sales or sometimes not having enough goods to sell....( I am now seeing pictures of a caravan of camels walking through the dunes to the market between the date palms by an oasis in a desert somewhere... :-) Sorry for waffling but I learn more by making visual connections.

"Forget DSRI - I just made it up to have fun with and sucker in the Indicator crowd!"

Yes, the Dynamic Support and Resistance Indicator, and you certainly did sucker them in....they were panting for the code and stressed out when it wouldn't work! They did not even SEE that it was compiled with Strats GoForthandMultply.Cum compiler although it was printed there in black and white in the code posted on the old thread! :-)

But jokes aside, I was actually under the impression that it was a variation of drawing trend lines through the closes of candles instead of the extremes off the candles as with a classic trend line. A specific of use of these trend lines (or DSRI) through the closes was illustrated by Blackeagle to indicate trend line breaks and possible entries with PA candles at these breaks and several other posts through the old thread seemed to confirm this as well. The most recent references that confirmed this differentiation was one in posts 12985 and 12986 on page 650 of the old thread where I am reading now. If the term and the drawing of trendlines through the closes no longer applies I'll stop using it. I know you have mentioned in several posts that novices should stick to drawing trendlines from the candles extremes and not the closes as this applied to more advanced strategies.

Thanks
Pete
  • #6,004
  • Jul 25, 2018 4:33pm Jul 25, 2018 4:33pm
GBPCAD SHORT
I saw strat and a few others discuss the amount of indecision with this pair at the moment but i felt comfortable with my risk if i was wrong and the PASR setup was to good to pass on for me.
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  • #6,005
  • Jul 25, 2018 4:40pm Jul 25, 2018 4:40pm
Quoting fxlrich
GBP/NZD analysis Possible short {image} {image} {image} {image}
Got a Daily candle shooting star that rejected resistance and strat shadow, while at the same time 4hr closed below trend line, sell stop a few pips below low
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  • #6,006
  • Jul 26, 2018 1:47am Jul 26, 2018 1:47am
Quoting fxlrich
GBPCAD SHORT I saw strat and a few others discuss the amount of indecision with this pair at the moment but i felt comfortable with my risk if i was wrong and the PASR setup was to good to pass on for me. {image} {image} {image}
This looks like a solid trade to me. Nothing to say.

Quoting fxlrich
{quote} Got a Daily candle shooting star that rejected resistance and strat shadow, while at the same time 4hr closed below trend line, sell stop a few pips below low {image} {image}

This one, to me the daily shooting star doesn't stick out enough, it's kind of hidden in the previous candles. Entry on the 4hr chart might work out for you, but I am wary of the candles to the immediate left. Long wicks showing rejection of the 1.93ish level.
  • #6,007
  • Jul 26, 2018 9:07am Jul 26, 2018 9:07am
GBPCAD H4

Quoting fxlrich
GBPCAD SHORT I saw strat and a few others discuss the amount of indecision with this pair at the moment but i felt comfortable with my risk if i was wrong and the PASR setup was to good to pass on for me. {image} {image} {image}
Well done!
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,008
  • Edited 12:25pm Jul 26, 2018 9:22am | Edited 12:25pm
GBPNZD

Quoting fxlrich
{quote} Got a Daily candle shooting star that rejected resistance and strat shadow, while at the same time 4hr closed below trend line, sell stop a few pips below low {image} {image}
Got a Daily candle shooting star

No you didn't!

Like Rub pointed out to you, it may "look like" a Shooting Star but it is in the wrong place for us to use it in PASR. We need the Shooting Star to be at the end/top of an UP swing of green candles with nothing to the left of it. See examples:

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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,009
  • Edited 8:31pm Jul 26, 2018 12:14pm | Edited 8:31pm
AUDCAD M5 PASR Trend Trading:


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



NB: The key to this strategy is to find a pair that is trending and looks for a pullback and then a resumption of the primary trend.


Happy Trading,
Yomi.
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Time always comes before price
  • #6,010
  • Jul 26, 2018 12:25pm Jul 26, 2018 12:25pm
Quoting Rufus
{quote} Hi JCM Pete. Great to see you posting and reading through the threads. I'm not sure what DSRI is so forgive me there. It looks like FXCM charting. Is there any way to get the Strat Shadow on your charts. I don't remember if FXCM gives you the option of using a moving average ribbon. If so you should be able to get it. If not maybe open a demo account that has MT4. When FXCM was in this country they had both platforms available, not sure about your country. Anyway, if you get the Strat Shadow running it will help you visually in seeing what...

Hi Rufus

Just thought I'd let you know that I have not found a MA Average ribbon to use on the FXCM Trading Station. I now have it installed on their Demo MT4 platform.

Thanks
Pete
  • #6,011
  • Jul 26, 2018 5:02pm Jul 26, 2018 5:02pm
Quoting strat
GBPNZD {quote} Got a Daily candle shooting star No you didn't! Like Rub pointed out to you, it may "look like" a Shooting Star but it is in the wrong place for us to use it in PASR. We need the Shooting Star to be at the end/top of an UP swing of green candles with nothing to the left of it. See examples: {image} {image} {image}
Yeah thanks strat i can see now, was not a good entry at all. Needed a more decisive move out of current consolidation before entering, as Rub mentioned. Ohwell put it in the journal and learn from it for next time. We either win or we learn. thanks guys
  • #6,012
  • Jul 26, 2018 6:20pm Jul 26, 2018 6:20pm
GBPUSD

BB
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Immediate trend down. Major trend still making LL and LH.

B
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May 13 week crossed strat shadow with an engulfing candle, primary trend is going down.

W
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BEarish Engulfing Outside Bar on a red river of strat shadow.

Plan
SL - 1.32925 (last swing high on July 16)
TP1 - 1.30127 (50% italian ice cream man that worked as support on last swing low, move SL to BE)
TP2 - 1.29103 (my next support, moving the SL to TP1 locking in profit)
TSL - Trailing through last swing low for the rest of the journey, active exit when two reverse PASR on the same SR which form double bottom.
  • #6,013
  • Jul 26, 2018 7:55pm Jul 26, 2018 7:55pm
EURUSD short
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  • #6,014
  • Jul 26, 2018 8:13pm Jul 26, 2018 8:13pm
Quoting JCMPete
{quote} Hi Rufus Just thought I'd let you know that I have not found a MA Average ribbon to use on the FXCM Trading Station. I now have it installed on their Demo MT4 platform. Thanks Pete

Once I started seeing the Start Shadow I have not looked back. For me the SS shows the market "breathing" if you will.

I use a demo account for NY close candles and the Start Shadow. Took a little to get used to it, now it is second nature.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,015
  • Edited Jul 27, 2018 12:34am Jul 26, 2018 8:26pm | Edited Jul 27, 2018 12:34am
Quoting huatzhi
GBPUSD BB {image} Immediate trend down. Major trend still making LL and LH. B {image} May 13 week crossed strat shadow with an engulfing candle, primary trend is going down. W {image} BEarish Engulfing Outside Bar on a red river of strat shadow. Plan SL - 1.32925 (last swing high on July 16) TP1 - 1.30127 (50% italian ice cream man that worked as support on last swing low, move SL to BE) TP2 - 1.29103 (my next support, moving the SL to TP1 locking in profit) TSL - Trailing through last swing low for the rest of the journey, active exit when two...

Hi Huatzhi

I like your entry.

You did all your analysis without the use of the Fibonacci on your chart. I never thought I would see the day where Fibonacci will be off my charts, retracements and extensions. I love the orderliness of Fibonacci. Found all over nature and I even use it in some aspects of construction. But for me when it comes to trading the fibs go on if I want something extra or just out of curiosity, then taken off. Speaking from my perspective, the lines became a distraction. PASR and the Strat Shadow gave you your entry.

Watch out for the tail of the weekly candle. Looks like your first target is before it, so you must be aware of the bugger.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,016
  • Jul 26, 2018 8:29pm Jul 26, 2018 8:29pm
Quoting fxlrich
EURUSD short {image} {image}

Super trade !!!

I took one also today on the EU. Going to be posting that bugger next. Looks like you will be milking yours for more profit. I had to set a target.


Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,017
  • Jul 26, 2018 8:42pm Jul 26, 2018 8:42pm
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...

Basic PASR EURUSD

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Changed to 1hr chart to find entry.

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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,018
  • Jul 26, 2018 11:55pm Jul 26, 2018 11:55pm
Quoting huatzhi
GBPUSD BB {image} Immediate trend down. Major trend still making LL and LH. B {image} May 13 week crossed strat shadow with an engulfing candle, primary trend is going down. W {image} BEarish Engulfing Outside Bar on a red river of strat shadow. Plan SL - 1.32925 (last swing high on July 16) TP1 - 1.30127 (50% italian ice cream man that worked as support on last swing low, move SL to BE) TP2 - 1.29103 (my next support, moving the SL to TP1 locking in profit) TSL - Trailing through last swing low for the rest of the journey, active exit when two...
I think it is too near to the Support.
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Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #6,019
  • Jul 27, 2018 1:03am Jul 27, 2018 1:03am
Quoting Rufus
{quote} Basic PASR EURUSD {image} Changed to 1hr chart to find entry. {image}
Very nice trade Rufus.
If I wasn't tucked up in bed I'd have been on that with you too!
Study enough and it all starts looking like the Matrix...
  • #6,020
  • Jul 27, 2018 5:49am Jul 27, 2018 5:49am
Quoting Rufus
{quote} Hi Huatzhi I like your entry. You did all your analysis without the use of the Fibonacci on your chart. I never thought I would see the day where Fibonacci will be off my charts, retracements and extensions. I love the orderliness of Fibonacci. Found all over nature and I even use it in some aspects of construction. But for me when it comes to trading the fibs go on if I want something extra or just out of curiosity, then taken off. Speaking from my perspective, the lines became a distraction. PASR and the Strat Shadow gave you your entry....
Hi Rufus,

Last weekly candle's wick? Noted. Though I think I confused you with my blue resistances.
I leave my fib on because the 50% line worked as a resistance on last swing low. I take it as my first TP
(which also a trigger for me to move my SL to BE). It also a little bit higher than the last weekly candle tail.

Though I definitely did not look out for last week candle low, will pay more attention for it from now on.
Thanks.

Huat
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