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Strat's PASR Long Term, Stress Free Trading

  • #6,141
  • Aug 5, 2018 9:00am Aug 5, 2018 9:00am
Quoting huatzhi
{quote} Hi Svolacius, Regarding to USDCAD trade, I have a few things that I saw which I do not think it is short-able. However, I am still new to PASR so I could be wrong. {image} I do not know whether Dynamic SR still matter for PASR anymore since rarely anyone use it in new thread, and strat mention the DSRI is a mock to indicator land trader. However, if it still matter, there is an immediate DSR support on my chart that seems to supporting the price for now. Then there is Italian ice cream man that hit on 50% level confluence. (Which is another...
Hi huatzhi,

I do not use DSRI and try to focus purely on Price Action at Support and Resistance. I would also suggest starting from Big Boss chart and not from Boss which you showed here. We can see that Price is making LH-LL structure, with past two months being rejected strongly at resistance. That indicates me that Big Boys might be looking to short this pair further after completing a long retracement. THEN, looking at Boss, it is probably not the best time to enter now, as Price is still making HL-HH structure and we are not sure if it is going to stop there right away. But the large BEEB on the 24th of June and rejection of upwards move two weeks later support the Big Boss direction. Yes, price might wobble at SS right now, later at SS bottom, but I my risk allows that and I'm completely fine with the outcome. Your insight is very well laid out about the dynamic support, indeed, but I am trying to look into Price Action at those levels because when I used to look ONLY at the resistance and support levels together with dynamic support from Strat Shadow, I found myself in such state where I could not make the trade because I always thought that the S/R levels are going to hold the price 100% and there is no point in trading it. Now I try to see what the Big Boys are doing from the Price Action and add-on or hop out of the positions if I see Price Action at those levels say so. That's what I am going to do now as well. That's only my opinion and my approach and I am not saying this is the right way to do so, but I focus on the Price action at S/R and placing a trade if R:R is good enough for me. Other S/R levels that the Price could hit not pierce through are in the future and I will gladly wait for the price to test them out and see if any modifications to my trading plan are needed.
Attached Image (click to enlarge)
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  • #6,142
  • Aug 5, 2018 9:04am Aug 5, 2018 9:04am
Quoting Victoria2017
Weekend analysis. Can you please kindly comment on the SRs I draw? I am not sure if I did it correctly. Many thanks. EUR/USD. Price vs SR: Price is around S/R @1.1584. Price @ Boss: Price is on the side way towards to break down WCC. Big Boss vs Boss: They are in harmony. Candles: Boss has no signal, Worker has no signal. Candles consolidate for 10 weeks. WCC: The current WCC was 8 weeks away. The Price is on the bottom of the WCC. Overall: I don't know where the price goes. If it goes up, then might be up trend; if goes down, then go back to old...
Hello Victoria,

I see you are doing quite well on the Path. You seem like you're very disciplined and look at this quite seriously, good for you. Regarding the S/R levels, I would advise to refresh your memory by checking the Blackeagle's posts in Old Strat's thread: https://www.forexfactory.com/showthr...49#post3241449

The only thing I do differently (and many of use here, including Strat) is that we don't put ALL of the S/R levels but only the ones that are closest to the current price level, because the others are not important and only clutter your charts and mind.
  • #6,143
  • Aug 5, 2018 9:53am Aug 5, 2018 9:53am
Quoting Svolacius
Good day team, I wanted to share some of the trades I have opened last week. Most of the reasoning is found in the charts but if Strat or anyone else wants to ask why I did so, I could get into more details. Last couple weeks have been very progressive from the psychological side again. Re-read TITZ, closed a couple of profitable trades and spent most of Friday and Saturday reading the old thread, collecting some notes. I could post them here if anyone is interested. {image} {image}
Hi

I think we are looking at the same thing on EURAUD.

I’ve not traded USDCAD for awhile and I think I’m going to sit out for a bit longer.

What at do you think about the overall structure on the Boss?
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,144
  • Aug 5, 2018 11:52am Aug 5, 2018 11:52am
Quoting BeyondTheSea
{quote} Hi I think we are looking at the same thing on EURAUD. I’ve not traded USDCAD for awhile and I think I’m going to sit out for a bit longer. What at do you think about the overall structure on the Boss?
EUR/AUD Boss or USD/CAD Boss?
  • #6,145
  • Aug 5, 2018 11:58am Aug 5, 2018 11:58am
Quoting Svolacius
{quote} EUR/AUD Boss or USD/CAD Boss?
USDCAD

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADWeekly.png Size: 68 KB
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,146
  • Aug 5, 2018 1:14pm Aug 5, 2018 1:14pm
Quoting BeyondTheSea
{quote} USDCAD {image}
As I said, the Price is still making HH-HL structure so it probably is not the best time to trade it yet, just because there is no confirmation that this structure is broken. However, the BEEB showed strong selling at 1.3250 zone and price got rejected at that zone couple of weeks later. That looks like a sign of Big Boys moving this pair down. Last two weeks also closed bearish with little wicks and that to me looks like selling momentum is building up. Of course, seeing the big picture, it is risky to say where the price will end up, so that's why I am only targeting the Strat Shadow bottom of the Boss. IF I get taken out - I will learn yet another lesson. What do you think about this structure?
Attached Image (click to enlarge)
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  • #6,147
  • Aug 5, 2018 1:29pm Aug 5, 2018 1:29pm
Quoting Svolacius
{quote} As I said, the Price is still making HH-HL structure so it probably is not the best time to trade it yet, just because there is no confirmation that this structure is broken. However, the BEEB showed strong selling at 1.3250 zone and price got rejected at that zone couple of weeks later. That looks like a sign of Big Boys moving this pair down. Last two weeks also closed bearish with little wicks and that to me looks like selling momentum is building up. Of course, seeing the big picture, it is risky to say where the price will end up, so...
Yep, I see your reasoning.

If I'm looking at a RR of 1:1 the probabilities have to be very high, like 80/90% but to be honest I try not to take them these days as there are easier trades to find.

Selling into support can be tricky and expensive.... however price may slice straight through that 1.30 and make me look like a dunce! Depends who is going to defend it.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,148
  • Aug 5, 2018 1:46pm Aug 5, 2018 1:46pm
Quoting BeyondTheSea
{quote} Yep, I see your reasoning. If I'm looking at a RR of 1:1 the probabilities have to be very high, like 80/90% but to be honest I try not to take them these days as there are easier trades to find. Selling into support can be tricky and expensive.... however price may slice straight through that 1.30 and make me look like a dunce! Depends who is going to defend it.
Exactly right. Let's just wait and see what happens, but this trade could be a good example on the Power of Timeframes at work.
  • #6,149
  • Aug 5, 2018 1:51pm Aug 5, 2018 1:51pm
I thought maybe someone would want to refresh their minds and re-read some posts from Strat's teachings. It could be similar to the existing PDF, but I compiled it myself, adding what looked like the most important things from Strat to me. It is also not finished completely, as I add more and more things to it as I progress through the old thread.
Attached File(s)
File Type: pdf The Path.pdf   1.1 MB | 1,238 downloads
  • #6,150
  • Aug 5, 2018 3:24pm Aug 5, 2018 3:24pm
Quoting Svolacius
Good day team, I wanted to share some of the trades I have opened last week. Most of the reasoning is found in the charts but if Strat or anyone else wants to ask why I did so, I could get into more details. Last couple weeks have been very progressive from the psychological side again. Re-read TITZ, closed a couple of profitable trades and spent most of Friday and Saturday reading the old thread, collecting some notes. I could post them here if anyone is interested. {image} {image}
I think all the commodity currencies gained last week. Could be some good trades with any of them.
Quoting Victoria2017
Weekend analysis. Can you please kindly comment on the SRs I draw? I am not sure if I did it correctly. Many thanks. EUR/USD. Price vs SR: Price is around S/R @1.1584. Price @ Boss: Price is on the side way towards to break down WCC. Big Boss vs Boss: They are in harmony. Candles: Boss has no signal, Worker has no signal. Candles consolidate for 10 weeks. WCC: The current WCC was 8 weeks away. The Price is on the bottom of the WCC. Overall: I don't know where the price goes. If it goes up, then might be up trend; if goes down, then go back to old...
You only really need to draw support and resistance around the immediate area. Looking for all of it is fine to practice. As far as EUR/USD goes, at the moment it's good for basic PSAR. And dig back a few pages, strat posted something on it recently. Sounds like you've got a good plan on the pound too.
Looks like BTS has given you the good oil anyway!
  • #6,151
  • Aug 5, 2018 6:44pm Aug 5, 2018 6:44pm
Quoting Svolacius
{quote} Hi huatzhi, I do not use DSRI and try to focus purely on Price Action at Support and Resistance. I would also suggest starting from Big Boss chart and not from Boss which you showed here. We can see that Price is making LH-LL structure, with past two months being rejected strongly at resistance. That indicates me that Big Boys might be looking to short this pair further after completing a long retracement. THEN, looking at Boss, it is probably not the best time to enter now, as Price is still making HL-HH structure and we are not sure if...
Hi Svolacius,

Alright, I think I found out one of my issue from your answer. I am paying way too much attention to confluences of price level which in my mind it become way more important than anything else. It make me lose sight of big picture. Probably I will trade against the major trend if there is a bullish PASR on this area that is on this price, upward cross the daily ss, and break the daily wedge upward. (Of course if it break down with Bearish PASR I will go for it as well)

I will prioritize what happen on monthly chart over confluences of SR from now on.
  • #6,152
  • Aug 5, 2018 7:16pm Aug 5, 2018 7:16pm
morning Strat. i just ask one question. what is function of WCC..? is that like strong support and resistance level or just price range that we can trade beetwen the price (since those price not broken yet...)? thanks for the answer..
  • #6,153
  • Aug 5, 2018 7:47pm Aug 5, 2018 7:47pm
Quoting General Lee
morning Strat. i just ask one question. what is function of WCC..? is that like strong support and resistance level or just price range that we can trade beetwen the price (since those price not broken yet...)? thanks for the answer..

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDWeekly.png Size: 87 KB


That screenshot should answer your question
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,154
  • Aug 5, 2018 7:57pm Aug 5, 2018 7:57pm
Quoting Rufus
{quote} {image} That screenshot should answer your question
thanks
  • #6,155
  • Aug 5, 2018 8:41pm Aug 5, 2018 8:41pm
Quoting strat
GBPCAD {quote} Good lad! Thanks for PASR Long Term, Stress Free Trading. Basic PASR is excellent for trading the tops and bottoms of the Weekly Control Candle especially if you can get better entries and R:R with a shorter time frame. strong rejection at SS bottom formed a hammer. That to my mind seems like a sign of opening a long position with SL just below The problem with that hammer is that it is a "Bond" hammer. It has only tested my "wobble"levels and has not tested support so basically it is a floating hammer. While PRICE may move higher...

Hello Strat, now i jump and im trading now H4 D1 W1 M1 hehehe its funny trading these candles when my main is/was (i dont know because my trades has been in a higher timeframe now) intraday trading.

I have a question but i dont know if is possible or not. When we have a Weekly Control Candle, the top and bottom of that candle reacts as a support and resistance... if the candle is big, i mean if we have a good range, so we can still trading in H4 or D1 from top to bottom, and bottom to top.

Now, thinking only in Weekly, Daily and 4 Hours timeframe. If in the Daily we have that "Weekly Control Candle" but in the Daily, and that candle of the Daily is big and we have a good range for 4 Hours swing. Can we trade the top and bottom of daily chart as a support and resistance?
  • #6,156
  • Aug 5, 2018 9:33pm Aug 5, 2018 9:33pm
Quoting HappyTrend
{quote} Hello Strat, now i jump and im trading now H4 D1 W1 M1 hehehe its funny trading these candles when my main is/was (i dont know because my trades has been in a higher timeframe now) intraday trading. I have a question but i dont know if is possible or not. When we have a Weekly Control Candle, the top and bottom of that candle reacts as a support and resistance... if the candle is big, i mean if we have a good range, so we can still trading in H4 or D1 from top to bottom, and bottom to top. Now, thinking only in Weekly, Daily and 4 Hours...

Hey Happy

There are a number of traders here trading in-between the hi and lows of the WCC. A lot of Basic PASR and some Trend PASR . The key is to trade the timeframe that will give you a decent risk reward ratio. Daily might be tough to have enough room but 1 and 4hr charts should do it.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,157
  • Aug 5, 2018 10:46pm Aug 5, 2018 10:46pm
Quoting Rufus
{quote} Hey Happy There are a number of traders here trading in-between the hi and lows of the WCC. A lot of Basic PASR and some Trend PASR . The key is to trade the timeframe that will give you a decent risk reward ratio. Daily might be tough to have enough room but 1 and 4hr charts should do it.

Good Thank you, what about the Daily Candle when is Big and the next candles are inside of it. Can we trade it as the same of WCC?
  • #6,158
  • Aug 5, 2018 11:42pm Aug 5, 2018 11:42pm
If I may comment this system has an inherent major flaws by which there is no explicit execution plans/instructions for all the various different traders like scalpers, daytraders, swingtraders, and etc. The overall trading plan is not too shabby so unless it can address the execution plan issue it will remain just like any other methods found in FF. Ofc even if explicit trading execution plans MM is also vital and for any trading methodology to succeed sustainably RRR MUST be always be more than 1:2 for all type of traders iregardless.
My only comment and post in this thread.
  • #6,159
  • Aug 6, 2018 12:04am Aug 6, 2018 12:04am
Quoting genghistar
If I may comment this system has an inherent major flaws by which there is no explicit execution plans/instructions for all the various different traders like scalpers, daytraders, swingtraders, and etc. The overall trading plan is not too shabby so unless it can address the execution plan issue it will remain just like any other methods found in FF. Ofc even if explicit trading execution plans MM is also vital and for any trading methodology to succeed sustainably RRR MUST be always be more than 1:2 for all type of traders iregardless. My only...
Of course.. each person must adapt everything in his own psychology.... You cant trade like me.. and i cant trade like you because we are different.

But the thing in this, is the entries... But of course, have u read the Thread? Or just check some images, some post and thats all?

Anyway in this Profession exist a thousand ways for make profits and a million ways for loss everything.
  • #6,160
  • Aug 6, 2018 3:17am Aug 6, 2018 3:17am
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