Strat's PASR Long Term, Stress Free Trading

Quoting Svolacius

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{quote} Oh, and another thing that I am eager to understand: There was the PA to short GBPAUD pair and it went right downwards. However, price reached a support level and was rejected, forming a hammer candle on the Boss. Would it be wise to exit or Boss swing trade would still be on? Because to me, it looks like it would better to exit and see what the Big Boys will do next, as that support level showed a significant amount of buyers. {image} {image}

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Quoting Victoria2017

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Question for my PASR friends: I plan to trade London session three times a week with M5 or H1 time frame. Which three days would you recommend me to trade? Currently I plan to trade on Tuesday, Wednesday and Thursday.

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Quoting strat

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GBPAUD {quote} {image} That was 3 days ago and Forex can change in a heartbeat never mind 3 days. There is buying on the shorter time frames and no selling on the Boss and, with AUD $ getting weaker, I closed all positions at the Boss Hammer today. From an EW view, PRICE has closed at 61.8% expansion from Wave 3 suggesting that Wave 5 is complete - PASR does not use EW but it helps when there is confluence. I thought PRICE would bottom out at BRN 1.7 but we trade what we SEE - not ""thoughts"". Interesting that PRICE closed at BRN 1.75 today.

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Quoting TerryDawe

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Classic PASR on EURJPY Top red line is Boss swing bar low and Boss is in down swing. Price stopped at that level and printed a spinning top doji followed two days later by a BEOB signal to get short. Move down to a wobble area by Friday and potential for continued move to last Boss swing bar low. {image} {image}

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Quoting strat

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EURAUD {quote} Rub, I'm confused which is your Big Boss, Boss and Worker. There is no PASR anywhere on your 3 charts to signal a short, in fact, PASR is indicating a LONG trade Look at your EURAUD Weekly chart. Look at the first blue rectangle. The tail on that candle is showing support in an area of consolidation. Look at the next blue rectangle where you entered. Same thing - the tail is resting on support. All this indicates that there are BUYERS at these levels willing to buy. {image} Now look at your EURAUD Daily chart. That blue rectangle...

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Quoting Rub

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{quote} Ok, that should be my big boss is monthly, boss is weekly, worker is daily. I took the trade short because of the boss closing below the recent consolidation, with 3rd august being the signal bar. I then used 4hr to look for a entry with a smaller stop, still based on that i see. The level you've indicated I don't have marked, the two blue lines are my two closest levels. While I did see the 200ema, that was my first target. I see Svolacius in post 6256 has a similar thoughts to me. EUR/NZD I should've never have even set a order. USD/JPY...

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Quoting windofmarch

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Good morning to everyone and to the head of the thread. I like this PASR, even if in the old posts, it traded on the worker. I see a nice hammer of GBP / CAD, I hope it is not a rip-off. {image}

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Quoting Victoria2017

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My PASR learning weekly report. Gain: Much less over trade. Start to familiar with PASR analysis process. My account went up steadily every week in the last three weeks. Something need to do: More reading. I still not finish the old thread. More time investment. I might need to reduce my work time a bit more. Apply the PASR analysis process more strictly. Question for my PASR friends: I plan to trade London session three times a week with M5 or H1 time frame. Which three days would you recommend me to trade? Currently I plan to trade on Tuesday,...

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