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Strat's PASR Long Term, Stress Free Trading

  • #6,341
  • Aug 17, 2018 10:47am Aug 17, 2018 10:47am
NZDJPY

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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,342
  • Aug 17, 2018 10:49am Aug 17, 2018 10:49am
NZDUSD

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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,343
  • Aug 17, 2018 1:49pm Aug 17, 2018 1:49pm
Thanks, Strat.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,344
  • Aug 17, 2018 3:54pm Aug 17, 2018 3:54pm
Happy to say I must be doing something right, I've got most of those already marked up! Mostly....


Missed that EUR/USD one.
  • #6,345
  • Aug 18, 2018 5:43am Aug 18, 2018 5:43am
Quoting strat
EURJPY {image}
Hi Strat,
I find the support I draw myself are having a large different from yours,
taking the below EURUSD as a example, your price are still above the support,
but mine is already became a new resistance.

When I draw the support, I try to find a candle which formed as a peak or bottom, firstly on big boss chart then boss chart
then draw a horizontal line at its closing price and the high / low, and check do the price response to my line,
I will say this is a support or resistance if price reacted to it more then 2 times.
Lastly slightly adjust the area to fit the candle which reacted with it.

By the way, although I already try my broker with GMT+3 server time, but some candles are still different from yours,
is GMT+3 not the correct time?

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  • #6,346
  • Aug 18, 2018 7:19am Aug 18, 2018 7:19am
Quoting brian661
{quote} Hi Strat, I find the support I draw myself are having a large different from yours, taking the below EURUSD as a example, your price are still above the support, but mine is already became a new resistance. When I draw the support, I try to find a candle which formed as a peak or bottom, firstly on big boss chart then boss chart then draw a horizontal line at its closing price and the high / low, and check do the price response to my line, I will say this is a support or resistance if price reacted to it more then 2 times. Lastly slightly...
Hi Brian

It does look close enough to me. Remember that forex is a decentralized market, where each broker might varies up to 20+ pips between each other.

The chart can be so different that even for the same broker Oanda chart on Tradingview platform will have very different data and closes from Oanda chart on MetaTrader 4.

Strat did says that trade what you see on your chart instead.
  • #6,347
  • Aug 18, 2018 9:17am Aug 18, 2018 9:17am
EURUSD

Quoting brian661
{quote} Hi Strat, I find the support I draw myself are having a large different from yours, taking the below EURUSD as a example, your price are still above the support, but mine is already became a new resistance. When I draw the support, I try to find a candle which formed as a peak or bottom, firstly on big boss chart then boss chart then draw a horizontal line at its closing price and the high / low, and check do the price response to my line, I will say this is a support or resistance if price reacted to it more then 2 times. Lastly slightly...
Same support but now with resistance added

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is GMT+3 not the correct time?

I have no idea! What you need is YOUR Worker candle to CLOSE at 5pm New York time whatever that relates to in GMT in your geographical location
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,348
  • Aug 18, 2018 11:10am Aug 18, 2018 11:10am
Quoting Rub
Well, I go away for a day, and there's another 3 pages on the thread. I want to have a life dammit, not be playing catch up! My take on GBP/CAD is I would take the long from the friday candle. The current trend is clearly up, Although big boss bounced from resistance, boss has had a very sedate drop compared to the run up with the close of the week around 200ema and wicks both ends (indecision). Lost of big up candles on worker recently, and down candles are stronger recently, but that last one shows strength and closed just under the 1.8000 round...
Well, I go away for a day, and there's another 3 pages on the thread. I want to have a life dammit, not be playing catch up!

I hear you Rub!!

Can't wait to be up to date with the reading and catching up but I am nearly there....patience...perseverance...determination...
  • #6,349
  • Aug 19, 2018 12:04am Aug 19, 2018 12:04am
I got taken out of my EUR/USD trade. To my eyes it looks just like a trade that did not work - the cost of doing business. However, if some of you see something else - please share with me, so I could learn something new about this trade. My comments are attached in the image I post below.
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  • #6,350
  • Aug 19, 2018 12:12am Aug 19, 2018 12:12am
AUD/USD Boss closed as a hammer on my feed (more of a doji on Strat's charts). But it does not look right to me, it is now facing a resistance level just in front of it and it did not form on strong support level, which would bring me to a conclusion that it is a Bond Hammer?
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  • #6,351
  • Aug 19, 2018 2:02am Aug 19, 2018 2:02am
Quoting Svolacius
I got taken out of my EUR/USD trade. To my eyes it looks just like a trade that did not work - the cost of doing business. However, if some of you see something else - please share with me, so I could learn something new about this trade. My comments are attached in the image I post below. {image}
Hi, Svolacius
You would have seen the resistance turned support on the monthly time frame. .. You should not have taken the bearish engulfing bar independent of the levels.. . . Took some good bulls on my demo... On Friday. .. I guess the bulls have it this week too ☺ see the charts below
Regards
Dashking
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Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips: 3,675
  • #6,352
  • Aug 19, 2018 2:32am Aug 19, 2018 2:32am
Audusd seem to be on a pullback.. . The momentum on the monthly seem to have dropped. . With bullish pinbars on the daily and weekly. . I guess price would retest the 0.7413 on the daily . ..
Check out the charts
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Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips: 3,675
  • #6,353
  • Aug 19, 2018 4:55am Aug 19, 2018 4:55am
Quoting strat
NZDJPY {image}
Hi strat. Im very interested with your technique.
ive been looking for this indicators from posts, clips. i cant find it anywhere. where can I get this.
Profit growth tells you the trader ability.
  • #6,354
  • Aug 19, 2018 6:53am Aug 19, 2018 6:53am
PASR

Quoting voketexpert
{quote} Hi strat. Im very interested with your technique. ive been looking for this indicators from posts, clips. i cant find it anywhere. where can I get this.
Go to https://www.forexfactory.com/showthread.php?t=155459
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,355
  • Aug 19, 2018 6:56am Aug 19, 2018 6:56am
EURUSD

Quoting Svolacius
I got taken out of my EUR/USD trade. To my eyes it looks just like a trade that did not work - the cost of doing business. However, if some of you see something else - please share with me, so I could learn something new about this trade. My comments are attached in the image I post below. {image}
To my eyes it looks just like a trade that did not work

No - you SOLD into SUPPORT!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,356
  • Aug 19, 2018 7:01am Aug 19, 2018 7:01am
AUDUSD

Quoting Svolacius
AUD/USD Boss closed as a hammer on my feed (more of a doji on Strat's charts). But it does not look right to me, it is now facing a resistance level just in front of it and it did not form on strong support level, which would bring me to a conclusion that it is a Bond Hammer? {image}
Definitely a Hammer - a strong Hammer!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,357
  • Aug 19, 2018 9:24am Aug 19, 2018 9:24am
Page 218....

This feels like playing 5 day test cricket....100 runs to chase but how many wickets in hand?
  • #6,358
  • Edited 10:09am Aug 19, 2018 9:43am | Edited 10:09am
Quoting strat
EURUSD {quote} To my eyes it looks just like a trade that did not work No - you SOLD into SUPPORT! {image}
That's because I drew S/R level wrong. What I see from your S/R levels, you draw very wide zones on higher timeframes where I tend to adjust them to the Worker, so I often end up with more S/R levels that are narrower in range. That is probably confusing my trade selection more than it helps. I seem to have read and understood the S/R part of the Path and I have successfully applied it, however, maybe I use multiple narrower S/R levels because I mostly still trade Basic PASR trades. What is the mistake that I am doing with these specific S/R levels? They seem to be my most loss generating issue and is hurting my performance.
  • #6,359
  • Edited 1:01pm Aug 19, 2018 12:25pm | Edited 1:01pm
Quoting strat
AUDUSD {quote} Definitely a Hammer - a strong Hammer! {image} {image}
Hi Strat,

I am confused. The picture of AUDUSD you posted in post #6332 shows a close resistance above that means to not take longs before seeing what happens at the resistance.
Quoting strat
AUDUSD {image}
But your reply to Svolacius points at taking a LONG since in his feed shows a strong hammer.

So what is the valid one? I know that all depends on the data feed each one has, but in your case, since you happen to have several data feeds what would you do?

Thanks in advance.

A.
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #6,360
  • Aug 19, 2018 9:24pm Aug 19, 2018 9:24pm
Quoting Eurotrader17
{quote} Hi Strat, I am confused. The picture of AUDUSD you posted in post #6332 shows a close resistance above that means to not take longs before seeing what happens at the resistance. {quote} But your reply to Svolacius points at taking a LONG since in his feed shows a strong hammer. So what is the valid one? I know that all depends on the data feed each one has, but in your case, since you happen to have several data feeds what would you do? Thanks in advance. A.
Hello Eurotrader,

I can't see where you see that Strat implies taking a long trade on AUD/USD. The hammer indeed has resistance nearby and I would not advise to take a long trade right now. Strat called it "strong hammer" because it formed on significant support level, but did not give any advice to go long or short. At least that's how I understood it.
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