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Strat's PASR Long Term, Stress Free Trading

  • #6,461
  • Aug 27, 2018 10:36pm Aug 27, 2018 10:36pm
NZDCAD

Will be looking to go long if a 4hr bar breaks and closes above strat shadow and trend line.

Monthly at bottom of range.
Weekly Hammer + a bullish confirmation candle the following week
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  • #6,462
  • Aug 28, 2018 12:32am Aug 28, 2018 12:32am
Short AUDNZD

Note:
Price is about 70+ pips from Weekly strat shadow which is an area that im expecting a wobble at or even an exit candle stick. That being said it's still over a 2:1 RR so im fine with taking the risk.. even on such a boring pair, though we do have AUS high impact news tomorrow (for me).


Monthly Chart
-Price being rejected by trend line & looks like it might close as a shooting star sell signal under strat shadow (dynamic resistance)

Weekly Chart
-Price breaks and closes below major s/r line with strong bearish momentum. Also broke and closed below the bullish WCC that was in control from 2 weeks ago.
-Immediate trend is down.
-Will monitor what price does at strat shadow (dynamic support)

Daily Chart
-Price broke and closed below s/r plus cleared strat shadow with strong bearish momentum.
-Price has retraced to resistance and top of strat shadow and has been rejected 3 times.

4HR Chart
-Price making lower highs and lower lows, has retraced to resistance and strat shadow.
-BEOB entry candle that closes back below strat shadow.
-Stop loss 30 pips, Take profit 350 pips for now.. will monitor price action on the daily for any exit signals.

Feedback appreciated, cheers.
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  • #6,463
  • Aug 28, 2018 2:25am Aug 28, 2018 2:25am
Quoting fxlrich
Short AUDNZD Note: Price is about 70+ pips from Weekly strat shadow which is an area that im expecting a wobble at or even an exit candle stick. That being said it's still over a 2:1 RR so im fine with taking the risk.. even on such a boring pair, though we do have AUS high impact news tomorrow (for me). Monthly Chart -Price being rejected by trend line & looks like it might close as a shooting star sell signal under strat shadow (dynamic resistance) Weekly Chart -Price breaks and closes below major s/r line with strong bearish momentum. Also broke...
I am in the same trade and pretty much expecting it to be my 7th loss of the month. Not been getting anything right, for what that's worth!
  • #6,464
  • Aug 28, 2018 8:52am Aug 28, 2018 8:52am
Quoting fxlrich
Short AUDNZD Note: Price is about 70+ pips from Weekly strat shadow which is an area that im expecting a wobble at or even an exit candle stick. That being said it's still over a 2:1 RR so im fine with taking the risk.. even on such a boring pair, though we do have AUS high impact news tomorrow (for me). Monthly Chart -Price being rejected by trend line & looks like it might close as a shooting star sell signal under strat shadow (dynamic resistance) Weekly Chart -Price breaks and closes below major s/r line with strong bearish momentum. Also broke...

Quoting Rub
{quote} I am in the same trade and pretty much expecting it to be my 7th loss of the month. Not been getting anything right, for what that's worth!
I might be all wet here....Strat will sort me out if I am wrong.

To me this chart is full of messy Price Action. When the big players are in control of a currency pair the move is easily seen.

AUDNZD

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EURJPY

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Also fxlrich..I quit using trendlines for the most part to show price structure. For my brain they gave me a bias when it came to looking at price action.Price can do anything at any moment regardless of trendlines. But if price does change directions it is at support and resistance, old or new. Buyers outweighing sellers or visa versa.

FOR Example

In my trend line price structure drawing days this is how I would draw this.....

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See how it changes bias?

I have to make myself some breakfast and get to work...

And before I forget

Rub... It sounds like you are frustrated. That's ok as long as you are persistent. We have all been there. I will just not look at charts for a few days at time to try to break the frustration cycle. Do you have a detailed trading plan? If not work on it. if you do review it Or another thing I will do is read about different traders.
I have always enjoyed your posting here. A string of bad trades now don't determine your future tomorrow.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,465
  • Aug 28, 2018 9:27am Aug 28, 2018 9:27am
NZDCAD

Quoting fxlrich
NZDCAD Will be looking to go long if a 4hr bar breaks and closes above strat shadow and trend line. Monthly at bottom of range. Weekly Hammer + a bullish confirmation candle the following week {image} {image} {image}
Will be looking to go long if a 4hr bar breaks and closes above strat shadow and trend line.

This is not PASR! Why did you jump from the Boss to H4? Do you think H4 is more powerful than the Worker?

H4 will not do anything UNTIL the Worker is aligned with the Boss which in turn is aligned with the Big Boss.

Yes, this pair is ""trying"" to bottom but PASR does not trade tops and bottoms.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,466
  • Aug 28, 2018 9:50am Aug 28, 2018 9:50am
AUDNZD

Quoting fxlrich
Short AUDNZD Note: Price is about 70+ pips from Weekly strat shadow which is an area that im expecting a wobble at or even an exit candle stick. That being said it's still over a 2:1 RR so im fine with taking the risk.. even on such a boring pair, though we do have AUS high impact news tomorrow (for me). Monthly Chart -Price being rejected by trend line & looks like it might close as a shooting star sell signal under strat shadow (dynamic resistance) Weekly Chart -Price breaks and closes below major s/r line with strong bearish momentum. Also broke...
even on such a boring pair

So why mess with it especially when there are pairs like GBPCAD?

Weekly Chart
-Price breaks and closes below major s/r line with strong bearish momentum.

Not on my chart! Take another look at the Big Boss to find your ""major s/r line""

Immediate trend is down.

Not on my chart!

Daily Chart
-Price broke and closed below s/r plus cleared strat shadow with strong bearish momentum.

Not on my chart!

Price has retraced to resistance and top of strat shadow and has been rejected 3 times.

What about the bottom of the Strat Shadow?

4HR Chart

PRICE is currently finding support on my chart

This is a case of LOOKING for a trade instead of SEEING a trade!

Also note Rufus's comments
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,467
  • Aug 28, 2018 11:19am Aug 28, 2018 11:19am
I am new to this thread and am trying to learn as much as possible, thank you Strat for providing a wealth of information to this thread and all who may read it. I can only hope to finally learn how to trade this beast of a market with consistency in the profit arena after years of trying but not giving up. Thank you again for your generosity. I have started reading the thread from the very beginning so it is going to take me awhile before I can get anywhere near trading the way I should be trading with the use of PASR but so far it is making a lot of sense. I will be engaged going forward.

Thanks,

AB
  • #6,468
  • Aug 28, 2018 11:49am Aug 28, 2018 11:49am
PASR

Quoting abailey
I am new to this thread and am trying to learn as much as possible, thank you Strat for providing a wealth of information to this thread and all who may read it. I can only hope to finally learn how to trade this beast of a market with consistency in the profit arena after years of trying but not giving up. Thank you again for your generosity. I have started reading the thread from the very beginning so it is going to take me awhile before I can get anywhere near trading the way I should be trading with the use of PASR but so far it is making a...
Thank you for the appreciation.

Make sure you are starting from https://www.forexfactory.com/showthread.php?t=155459

More than anything you are going to need time, discipline, patience, desire, determination and perseverance. Without these, PASR has no value.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,469
  • Aug 28, 2018 12:44pm Aug 28, 2018 12:44pm
GBP / JPY
If I can afford to do an analysis ......

Monthly: tends to go south, especially thanks to the February BUOB, which rejected the price from the top of the Strat Shadow.

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Weekly: last July buyers try to break through the weekly stra shadow, but they are rejected and the price continues to fall.

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Daily: I see a small SS, almost a doji that bounces from the low of the low-key candle marked in yellow and fibo ret 38.2, but, at the moment meets the support of 20 ema not far away. A close below 20 ema could be an input signal to the south with tp1 on support in area 142.

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What does not convince me is the shape of the SS and the small upper shadow.
Frank
  • #6,470
  • Aug 28, 2018 1:50pm Aug 28, 2018 1:50pm
Evening everyone, closed one of my trades today, 113 pips banked in a day, however R:R was not very favorable, exited due to BRN and SS bottom, as well as a resistance area. See comments in the charts, that's what I always do when taking any trade - I think it helps me to capture what I was thinking at that exact moment. That way I can analyze my trading psychology and see what I could do less or more.
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  • #6,471
  • Aug 28, 2018 3:05pm Aug 28, 2018 3:05pm
Quoting Rub
{quote} I am in the same trade and pretty much expecting it to be my 7th loss of the month. Not been getting anything right, for what that's worth!
Hey Rub, don't be discouraged.
If you find the will to go over your trades this month and write down why you think you took them and what was your attitude at the time it may light up a few synapses in the old grey matter. Sometimes tough to do but worth it.
Also grade your attitude now before your next trade.
I have rough patches and that's when the little people like to party in that small brain of mine. Don't read anything on FF, take a break and come back next week
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,472
  • Aug 28, 2018 3:10pm Aug 28, 2018 3:10pm
Quoting Svolacius
Evening everyone, closed one of my trades today, 113 pips banked in a day, however R:R was not very favorable, exited due to BRN and SS bottom, as well as a resistance area. See comments in the charts, that's what I always do when taking any trade - I think it helps me to capture what I was thinking at that exact moment. That way I can analyze my trading psychology and see what I could do less or more. {image} {image}
Nice trade.... Lets see what the big boys have to say, looks like someone is coming out to play..
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,473
  • Aug 28, 2018 3:27pm Aug 28, 2018 3:27pm
Quoting windofmarch
GBP / JPY If I can afford to do an analysis ...... Monthly: tends to go south, especially thanks to the February BUOB, which rejected the price from the top of the Strat Shadow. {image} Weekly: last July buyers try to break through the weekly stra shadow, but they are rejected and the price continues to fall. {image} Daily: I see a small SS, almost a doji that bounces from the low of the low-key candle marked in yellow and fibo ret 38.2, but, at the moment meets the support of 20 ema not far away. A close below 20 ema could be an input signal to...
Looks like support to me. I'm looking at November 2016 and September 2017. That SS is a signal to take profit not to enter short, just my humble opinion.. but I guess it depends on your view of your time in the trade and so on.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,474
  • Aug 28, 2018 3:35pm Aug 28, 2018 3:35pm
Quoting BeyondTheSea
{quote} Looks like support to me. I'm looking at November 2016 and September 2017. That SS is a signal to take profit not to enter short, just my humble opinion.. but I guess it depends on your view of your time in the trade and so on.
Thanks for the reply. In fact I also have some doubts, even if they are a newbie of this beautiful thread that teaches so many things, especially teaches not to look for shortcuts in trading (as it is then also in life).
Best regards.
Frank
  • #6,475
  • Aug 28, 2018 4:10pm Aug 28, 2018 4:10pm
GBPJPY

Quoting windofmarch
GBP / JPY If I can afford to do an analysis ...... Monthly: tends to go south, especially thanks to the February BUOB, which rejected the price from the top of the Strat Shadow. {image} Weekly: last July buyers try to break through the weekly stra shadow, but they are rejected and the price continues to fall. {image} Daily: I see a small SS, almost a doji that bounces from the low of the low-key candle marked in yellow and fibo ret 38.2, but, at the moment meets the support of 20 ema not far away. A close below 20 ema could be an input signal to...
They say a picture is worth 1,000 words...................

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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,476
  • Aug 28, 2018 4:12pm Aug 28, 2018 4:12pm
EURUSD

Quoting Svolacius
Evening everyone, closed one of my trades today, 113 pips banked in a day, however R:R was not very favorable, exited due to BRN and SS bottom, as well as a resistance area. See comments in the charts, that's what I always do when taking any trade - I think it helps me to capture what I was thinking at that exact moment. That way I can analyze my trading psychology and see what I could do less or more. {image} {image}
Well done - in addition to comments on your charts you should also keep a Trading Journal
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,477
  • Aug 28, 2018 4:41pm Aug 28, 2018 4:41pm
Here is an example of a trade I took this week on EUR/NZD

BB: Bullish for several months a doji, the previous month

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B: Bull Price but in a WCC

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W: I entered after the red Candle of August 24th as she had found support of the weekly

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So I went down on H4 to find a good entry with a good R:R, my stop loss behind the support and take profit below the resistance.

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85 pips
  • #6,478
  • Aug 28, 2018 4:50pm Aug 28, 2018 4:50pm
EUR/AUD

another one in the same kind BB and B bullish with a worker to support and an input taken on H4 with a good R:R

I prefer the trend trading I believe, because the probabilities seem really higher

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65 pips
  • #6,479
  • Aug 28, 2018 5:46pm Aug 28, 2018 5:46pm
Quoting strat
PASR {quote} Thank you for the appreciation. Make sure you are starting from https://www.forexfactory.com/showthread.php?t=155459 More than anything you are going to need time, discipline, patience, desire, determination and perseverance. Without these, PASR has no value.

I will remember that and take heed, thank you.

AB
  • #6,480
  • Aug 28, 2018 11:27pm Aug 28, 2018 11:27pm
Quoting strat
EURUSD {quote} Well done - in addition to comments on your charts you should also keep a Trading Journal
Oh, of course - Trading Journal is a must, I most definetly use that.
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