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Strat's PASR Long Term, Stress Free Trading

  • #6,401
  • Aug 22, 2018 2:32pm Aug 22, 2018 2:32pm
Quoting BeyondTheSea
{quote} Not that many these days on H4, however this was a recent one. I have identified a bit of a weak bias in me when going long on stuff I tend to use H4 for longs and Daily/Weekly for shorts. Just seem to be affected by the gravity bias and confidence I think.... I may have to turn my screen upside down or stand on my head, perhaps. Anyway charts below... my exit was at the Boss 20MA shadow (in this case Daily). I was thinking about adding on as well but the top of the SS was 30 pips away from the 200 ma and my next level so it was enough for...
NZDCAD is another I may be working on with H4 dependent on what happens. It's in an interesting place for me.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,402
  • Aug 22, 2018 2:45pm Aug 22, 2018 2:45pm
If I negotiate the boss Swing (weekly) I take my trade on worker (daily) and add on on worker but I manage the trade on boss according to the PASR.

A daily candle is not a reason to go out I have to wait for a candle from the weekly to tell me to go out you agree?
  • #6,403
  • Aug 22, 2018 3:07pm Aug 22, 2018 3:07pm
Quoting landax
If I negotiate the boss Swing (weekly) I take my trade on worker (daily) and add on on worker but I manage the trade on boss according to the PASR. A daily candle is not a reason to go out I have to wait for a candle from the weekly to tell me to go out you agree?
Depends on your style, I tend to trade to PASR points and take a view. Ideally I'd take an exit with some confluence of different factors not the Boss Candle type of formation on it's own.
Quite often the confluences line up and it's a no brainer no matter what time frame you are looking at because they are all at the same point and in alignment. When this happens to me I know it's 1 to me and 0 to the little people (at least until next time!).
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,404
  • Aug 22, 2018 3:08pm Aug 22, 2018 3:08pm
Or just an exit from my boss Swing (weekly) can be indicated by a daily candle as a hammer on a support if I'm short for example
  • #6,405
  • Aug 22, 2018 3:11pm Aug 22, 2018 3:11pm
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For example I guess (but I'm not sure) that Strat negotiated the boss's Swing (weekly) but priced the profits with the indication of the Worker (daily) following the hammer
  • #6,406
  • Aug 22, 2018 3:32pm Aug 22, 2018 3:32pm
NZDCAD

Quoting BeyondTheSea
{quote} NZDCAD is another I may be working on with H4 dependent on what happens. It's in an interesting place for me.
Here is the PASR Road Map for the Boss and Worker Swings

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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,407
  • Aug 22, 2018 3:33pm Aug 22, 2018 3:33pm
Quoting landax
{image} For example I guess (but I'm not sure) that Strat negotiated the boss's Swing (weekly) but priced the profits with the indication of the Worker (daily) following the hammer
I was 3 weeks late to trade the full swing. I had three entries, my first being the Boss candle, the second was an add on using H4 and the 3rd and last was a confluence of Worker and H4.

I exited at my level at the end of the week because managing multiple entries requires a different strategy for my little people.

When I see signs buyers entering I am looking to get out. In this case price went another 175 pips over the following week but you can see the Boss close was pretty much at my original exit level the week before.

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I'm learning to see the signs BEFORE a Boss close but use it to gauge momentum..
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,408
  • Aug 22, 2018 3:35pm Aug 22, 2018 3:35pm
GBPJPY

Quoting landax
{image} For example I guess (but I'm not sure) that Strat negotiated the boss's Swing (weekly) but priced the profits with the indication of the Worker (daily) following the hammer
In this case, yes, but it is exactly as described by BTS
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,409
  • Aug 22, 2018 3:48pm Aug 22, 2018 3:48pm
Hello guys
it would be apreciated to get feedback on the following trade i just took .
Big Boss is in down trend for 5 months
Boss also downtrend except last's week retracement
Worker just formed a perfect nice shooting star
I am short with just 15 pips stop loss
I am definetly waiting for the downtrend to go deep
on the other hand i am not letting my trade to breath enough in case it goes up
thanks in advance
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  • #6,410
  • Aug 22, 2018 3:53pm Aug 22, 2018 3:53pm
Thank you very much for your explanation Beyond the sea, and thanks Strat for having confirmed
  • #6,411
  • Aug 22, 2018 4:16pm Aug 22, 2018 4:16pm
EURCAD

Quoting macuba
Hello guys it would be apreciated to get feedback on the following trade i just took . Big Boss is in down trend for 5 months Boss also downtrend except last's week retracement Worker just formed a perfect nice shooting star I am short with just 15 pips stop loss I am definetly waiting for the downtrend to go deep on the other hand i am not letting my trade to breath enough in case it goes up thanks in advance {image} {image} {image}
Big Boss is in down trend for 5 months

Big Boss WAS in down trend!

What does that black line tell you?

What does the candle in the black box tell you?

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Boss also downtrend except last's week retracement

What does that black line tell you?

What does the candle in the orange box tell you?

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Worker just formed a perfect nice shooting star

No it did not! That is a DOJI! You need to read and learn more on candle recognition
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I am short with just 15 pips stop loss

15 pips Stop Loss on the Worker? The ATR (10) is 107 pips as I type this! If you manage trades like this you will BLOW YOUR ACCOUNT faster than Stormy Daniels can blow Trump!

I am definitely waiting for the downtrend to go deep

PASR traders trade on what we SEE and NOT what we THINK, PRAY or HOPE will happen!
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,412
  • Aug 22, 2018 4:30pm Aug 22, 2018 4:30pm
Quoting strat
I am short with just 15 pips stop loss 15 pips Stop Loss on the Worker? The ATR (10) is 107 pips as I type this! If you manage trades like this you will BLOW YOUR ACCOUNT faster than Stormy Daniels can blow Trump! I am definitely waiting for the downtrend to go deep PASR traders trade on what we SEE and NOT what we THINK, PRAY or HOPE will happen!
Hahaha 15 pips, minium He should put his SL behind of the Candle. Why 15 pips? Not just the "Worker ATR"... even the Spread can kill him.
  • #6,413
  • Aug 22, 2018 4:54pm Aug 22, 2018 4:54pm
I only caught about half of this move up with 1 position before my little people got the better of me, but i thought this was an awesome example of the power of strats shadow and PASR trend trade add ons. with 4 positions the market offered over 600 pips just since last week.
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  • #6,414
  • Aug 22, 2018 5:38pm Aug 22, 2018 5:38pm
Quoting strat
EURCAD {quote} Big Boss is in down trend for 5 months Big Boss WAS in down trend! What does that black line tell you? What does the candle in the black box tell you? {image} Boss also downtrend except last's week retracement What does that black line tell you? What does the candle in the orange box tell you? {image} Worker just formed a perfect nice shooting star No it did not! That is a DOJI! You need to read and learn more on candle recognition {image} I am short with just 15 pips stop loss 15 pips Stop Loss on the Worker? The ATR (10) is 107...
Hi everyone,

Can I confirm my understanding?(for a confidence boost if I am right, or a correction if I am wrong)

For basic PASR (ignoring advance stuff) on macuba EURCAD scenario,
- we should wait until the price to break and close above the strat shadow,
- then we look for the next PASR to entry along with B and BB immediate trend
- tranches our entry into 3 different trade with 2 TP.
- (does looking for H4 entry valid for basic PASR or it is consider advance?)

I did not posts much lately because I did not see any good entry. Should I just posts some of the analysis here to prompt for corrections?
  • #6,415
  • Edited 2:18am Aug 23, 2018 1:59am | Edited 2:18am
EUR USD (H4 / H1)

Good morning,

at the moment I am trying to focus on H1 Trend Trading, S&R taken from H4.
So here are my thoughts for that pair:
H4: uptrend since mid of August, swing high (22.8.) stopped at resistance, swing was confirmed 3 candles later (so Second candle from the right). I also see support at the level of around 1,1540 at the moment, so I would short the pair (first small position) when the closing is below that support level.
For a long position I would also wait if price breaks the restistance level (1,1620).
So when I get a signal from H4 entry would be on H1.
Comments are welcome. Thanks.

H1:
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H4:
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  • #6,416
  • Aug 23, 2018 2:29am Aug 23, 2018 2:29am
Quoting strat
GBPAUD {quote} Come on Rub, you should be doing better than that by now! Why didn't you SEE support indicated by my BLACK line on your chart? Why didn't you SEE the candle (doji) in the BLUE box telling you that DOWN move was over? You can do much better than this! {image}
Thanks strat. Yes, I should be doing better than that by now. No excuses really.
  • #6,417
  • Aug 23, 2018 4:19am Aug 23, 2018 4:19am
Quoting Malu
EUR USD (H4 / H1) Good morning, at the moment I am trying to focus on H1 Trend Trading, S&R taken from H4. So here are my thoughts for that pair: H4: uptrend since mid of August, swing high (22.8.) stopped at resistance, swing was confirmed 3 candles later (so Second candle from the right). I also see support at the level of around 1,1540 at the moment, so I would short the pair (first small position) when the closing is below that support level. For a long position I would also wait if price breaks the restistance level (1,1620). So when I get...
Malu, just my 2 cents:

1.Don't forget the shadow, it is here for a reason and we are in buy territory on H4
2. The 1.1540 level happens to be (a) H4 support, (b) EMA20 H4 AND (c) EMA20 Worker, so selling there would be challenging imo
3. More importantly, the fact that you decide to trade a chosen TF doesn't dispense you from looking at where the price is really being decided, i.e. higher TFs and I would think twice about selling EU when I look at the Worker and the Boss

In any case, best wishes with your trade
D
  • #6,418
  • Aug 23, 2018 4:50am Aug 23, 2018 4:50am
Quoting darko2010
{quote} Malu, just my 2 cents: 1.Don't forget the shadow, it is here for a reason and we are in buy territory on H4 2. The 1.1540 level happens to be (a) H4 support, (b) EMA20 H4 AND (c) EMA20 Worker, so selling there would be challenging imo 3. More importantly, the fact that you decide to trade a chosen TF doesn't dispense you from looking at where the price is really being decided, i.e. higher TFs and I would think twice about selling EU when I look at the Worker and the Boss In any case, best wishes with your trade D
Thanks Darko for your reply. I agree that higger TF should be considered, too.
And of course your are right, that the Strat Shadow acts as S&R, too. Will take that into account when I make my decision.
My Motivation for trading H1/H4 is to test if that TF fits to me or not - with really small size.
M5 was to hectic for me.
I guess in the end I will end up trading BB/B and the worker again. ;-)
  • #6,419
  • Aug 23, 2018 4:56am Aug 23, 2018 4:56am
Quoting Malu
{quote} I guess in the end I will end up trading BB/B and the worker again. ;-)
You don't have to, but understand that M5/H1/H4 cannot free themselves from what higher TFs are doing. The choice of a TF is just a personal preference, but the market will end up in the same place no matter what TF you are looking at from. I have not posted my trades in a while because I am myself leaving M5 trading, I am increasingly siding with BTS and Samson on H4 swings and given that I am waiting for an opportunity to re-enter EU long, I felt I needed to comment on your post.

PS: M5 trading was difficult since July given the low activity, but when market conditions are right, it is Strat's gift to traders
  • #6,420
  • Aug 23, 2018 6:43am Aug 23, 2018 6:43am
Quoting darko2010
{quote} I am increasingly siding with BTS and Samson on H4 swings and given that I am waiting for an opportunity to re-enter EU long, I felt I needed to comment on your post. PS: M5 trading was difficult since July given the low activity, but when market conditions are right, it is Strat's gift to traders
Interesting. Anyway thanks for posting and taking your time.
At the moment I am trying to learn not to jump in a trade to fast, what is difficult for me at this stage. If you want to trade, then you "see" a trade on each TF.
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