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Strat's PASR Long Term, Stress Free Trading

  • #6,441
  • Aug 24, 2018 10:35am Aug 24, 2018 10:35am
Quoting strat
EURUSD {quote} to see if it forms a PASR in a possible pullback {image}
Hi Strat and have a good weekend. I can not get down on lower timeframe because I work all day.
I can only trade on the daily.
Frank
  • #6,442
  • Aug 24, 2018 10:39am Aug 24, 2018 10:39am
Quoting darko2010
{quote} Brian, If I may, trading H1 without looking at H4 AT A MINIMUM is financial suicide. I was short USDCAD because H4 was telling me where price was going. H1 does what H4 tells him to do and the worker tells H4 where to go and so on and so forth. Strat gave a few recent examples on how to trade H4 swings using H1 entries I believe. Hope this helps D
Thanks darko, I have look at the H4 and D1 before I enter trade.
I just went back to the USDCAD H4, and I found myself missing the purple resistance line...
And always not able to enter at the beginning of a trend on the SR.

Yes I have read Strat's post, but still not able to implement to my trading yet.
I need more practices.
Thanks for comment as usual.
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  • #6,443
  • Aug 24, 2018 10:53am Aug 24, 2018 10:53am
USDCAD H4

Quoting brian661
{quote} Thanks darko, I have look at the H4 and D1 before I enter trade. I just went back to the USDCAD H4, and I found myself missing the purple resistance line... And always not able to enter at the beginning of a trend on the SR. Yes I have read Strat's post, but still not able to implement to my trading yet. I need more practices. Thanks for comment as usual. {image}
I just went back to the USDCAD H4, and I found myself missing the purple resistance line..

You completely missed CLASSIC PASR staring you in your face like a sore thumb

Shooting Star at Resistance = CLASSIC PASR

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And always not able to enter at the beginning of a trend on the SR.

Then CHANGE the time frame you are trading
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,444
  • Aug 24, 2018 2:48pm Aug 24, 2018 2:48pm
Quoting strat
EURUSD {quote} to see if it forms a PASR in a possible pullback {image}
I see you have highlighted an inside bar at the top of the shadow, so this is the SR of the PASR but are you considering an inside bar the PA?
  • #6,445
  • Aug 24, 2018 3:51pm Aug 24, 2018 3:51pm
EURUSD H4

Quoting TerryDawe
{quote} I see you have highlighted an inside bar at the top of the shadow, so this is the SR of the PASR but are you considering an inside bar the PA?
From my old thread "An Inside Candle is a ""PAUSE"" or ""INDECISION"" - in this case, it is at support of the Strat Shadow in an existing UP Swing with everything ""GREEN"".
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,446
  • Aug 24, 2018 4:38pm Aug 24, 2018 4:38pm
Sorry but I just have a small question aside: some of you trade with a MacBook Pro? I have to change computers soon and I hesitate between windows and Apple

(Sorry yet my next post will be centered on the PASR)
  • #6,447
  • Aug 24, 2018 7:48pm Aug 24, 2018 7:48pm
Quoting strat
EURUSD H4 {quote} From my old thread "An Inside Candle is a ""PAUSE"" or ""INDECISION"" - in this case, it is at support of the Strat Shadow in an existing UP Swing with everything ""GREEN"".
Another question for you concerning the same chart. If you were to set a "Buy Stop" do you set it at the top of the inside candle or the top of the previous candle?


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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,448
  • Aug 24, 2018 8:29pm Aug 24, 2018 8:29pm
Quoting strat
EURUSD H4 {quote} From my old thread "An Inside Candle is a ""PAUSE"" or ""INDECISION"" - in this case, it is at support of the Strat Shadow in an existing UP Swing with everything ""GREEN"".
Thanks Strat
  • #6,449
  • Aug 25, 2018 6:16am Aug 25, 2018 6:16am
Hi Strat,
Thought I would pay a visit and say hello, trust you are well.
  • #6,450
  • Edited 9:04am Aug 25, 2018 8:47am | Edited 9:04am
Hello to all.
I entered with a sell limits (which is perhaps unorthodox). Shoting star from R 8760 with tp 1 to 8639 and tp 2 to RN 8500. In the meantime a buob has been formed on the daily. We'll see Monday what will happen.
Edit: the sell limit I inserted it in confluence also in confluence with R 20 ema
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Frank
  • #6,451
  • Aug 27, 2018 1:24am Aug 27, 2018 1:24am
Quoting windofmarch
Hello to all. I entered with a sell limits (which is perhaps unorthodox). Shoting star from R 8760 with tp 1 to 8639 and tp 2 to RN 8500. In the meantime a buob has been formed on the daily. We'll see Monday what will happen. Edit: the sell limit I inserted it in confluence also in confluence with R 20 ema {image}
Looking at the last couple of boss candles I don't like your chances. However I'd like someone else to chime in, I'm having a absolute clanger of a month.
  • #6,452
  • Aug 27, 2018 2:00am Aug 27, 2018 2:00am
Hi guys,
a couple of BASIC PASR paper trades this morning on H4 (D1 boss, W Big boss).
Screenshots are self explanatory.
AUDUSD
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target 0.72380.
EURJPY
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first target 128.605, next one at 125.800.
EURUSD
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first target1.15393, second at 1.13845.
Your thoughts are welcome.
Thanks!
EDIT: Sorry for the screenshot quality, ugh.
  • #6,453
  • Aug 27, 2018 2:26am Aug 27, 2018 2:26am
AUDCAD
Quoting windofmarch
Hello to all. I entered with a sell limits (which is perhaps unorthodox). Shoting star from R 8760 with tp 1 to 8639 and tp 2 to RN 8500. In the meantime a buob has been formed on the daily. We'll see Monday what will happen. Edit: the sell limit I inserted it in confluence also in confluence with R 20 ema {image}
Similar trade.

Boss
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Worker
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Affected by the news of Australia.
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #6,454
  • Aug 27, 2018 3:29am Aug 27, 2018 3:29am
Quoting Cj.cn
AUDCAD {quote} Similar trade. Boss {image} Worker {image} Affected by the news of Australia.
Hello guys,
I am not sure if its due to news, but if you check BOSS chart you should see
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And worker always listens what boss commands him, but you get out as BE as I see so it is not so bad, isnt it?
  • #6,455
  • Aug 27, 2018 4:06am Aug 27, 2018 4:06am
Quoting Zanek
Hi guys, a couple of BASIC PASR paper trades this morning on H4 (D1 boss, W Big boss). Screenshots are self explanatory. AUDUSD {image}{image}{image} target 0.72380. EURJPY {image}{image}{image} first target 128.605, next one at 125.800. EURUSD {image}{image}{image} first target1.15393, second at 1.13845. Your thoughts are welcome. Thanks! EDIT: Sorry for the screenshot quality, ugh.

I closed my EUR/USD short because of the hammer from a couple of weeks ago made me realize it's not the direction to trade at the level I entered especially with last week's candle showing strength.
  • #6,456
  • Aug 27, 2018 9:09am Aug 27, 2018 9:09am
Quoting Rufus
{quote} Another question for you concerning the same chart. If you were to set a "Buy Stop" do you set it at the top of the inside candle or the top of the previous candle? {image} {image}
Above the inside candle when at support
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,457
  • Aug 27, 2018 9:10am Aug 27, 2018 9:10am
Quoting LarryK
Hi Strat, Thought I would pay a visit and say hello, trust you are well.
Hello Larry, hope you are well too.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,458
  • Aug 27, 2018 9:13am Aug 27, 2018 9:13am
NZDCAD

Quoting windofmarch
Hello to all. I entered with a sell limits (which is perhaps unorthodox). Shoting star from R 8760 with tp 1 to 8639 and tp 2 to RN 8500. In the meantime a buob has been formed on the daily. We'll see Monday what will happen. Edit: the sell limit I inserted it in confluence also in confluence with R 20 ema {image}
Did you do the Big Boss, Boss, Worker analysis before putting on this trade?
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,459
  • Aug 27, 2018 9:29am Aug 27, 2018 9:29am
Quoting windofmarch
Hello to all. I entered with a sell limits (which is perhaps unorthodox). Shoting star from R 8760 with tp 1 to 8639 and tp 2 to RN 8500. In the meantime a buob has been formed on the daily. We'll see Monday what will happen. Edit: the sell limit I inserted it in confluence also in confluence with R 20 ema {image}
What I did wrong in this trade:
1) was "too much analyzed" to find a reason to enter short after the Shooting Star;
2) the analysis preferred to concentrate on the rebound with a lower resistance of 0.8759, confluence with Fibo Ret 23.6 and pullback within the strat shadow;
3) on my chart there was space that I considered "safe" up to 0.8650, therefore too risky and, anyway, there the Price did not arrive;
4) The BB candle in formation, at the first red, showed the Price rising;
5) I have not seen the Hammer weekly.
I managed to put the two positions to BE, hit the stop and then the Price went down quickly;
Now I'm out of the trade and I do not know how this will end, since we are still far from the top of the hammer, where the original stop loss was positioned.
I could have put the first TP in the middle of the atr and get by with a very small gain (which is better than a loss, especially when you are student PASR).
However it is a good opportunity:
a) to evaluate my psychological approach to forex;
b) to study more and learn from my mistakes, perhaps with the help of Strat, if you want to grant it to me.
Greetings to all PASR students.
Frank.
Frank
  • #6,460
  • Aug 27, 2018 9:50am Aug 27, 2018 9:50am
Quoting strat
NZDCAD {quote} Did you do the Big Boss, Boss, Worker analysis before putting on this trade?
Hi Strat, we were writing together.
Obviously the monthly and weekly analysis I did superficially, even if the price is going down very quickly now.
It is an opportunity to learn.
Best regards.
Frank
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