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Strat's PASR Long Term, Stress Free Trading

  • #6,521
  • Aug 31, 2018 3:23pm Aug 31, 2018 3:23pm
Quoting strat
Trading Plan I have found this which I did in 2009 for my ""old"" original thread {file}
Thank you it will be the homework of the weekend
  • #6,522
  • Sep 1, 2018 2:00pm Sep 1, 2018 2:00pm
PASR

For those who don't know, understand or cannot recognise PASR:

This is CLASSIC PASR!

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,523
  • Sep 2, 2018 9:04am Sep 2, 2018 9:04am
Good day Master Strat, Apprentice Pete reporting for charting duty Sir!

I have completed the first task on the path. I have read both the old and new threads from start to finish, post by post so now I am ready to continue with task 2:

 

  1. Spend 1000’s of hours in order to study 1000’s of charts!


This is where the tyre meets the road so now I will be doing my best to practically apply all that I have read so far to test and build on my understanding of PASR. I am looking forward to your and the team's critique on my attempts at PASR analysis and trading.

Going forward I will be posting regularly starting with the AudJpy charts below:

Big Boss:

  1. Immediate Trend down.
  2. Price close below the SR 80,633 on my chart.

Boss:

  1. Immediate Trend down.
  2. Price close below the fine tuned SR 80,576 on my chart.
  3. Basic PASR trading opportunity trading from SR 80.576 to SR 70.652 as seen on my chart

Worker:

  1. Immediate trend Down
  2. Price close below the fine tuned SR 80,576 on my chart.
  3. Price re-testing 79.886 level as seen on my chart
  4. Sell opportunity below 79.5ish to target 70ish

4Hour:

  1. Look for entry on 4 hour for better price but manage trade on worker
  2. Doji on 4 hour presenting chance to enter short
  3. Plan is to enter short below Doji at 79.5 with SL above Doji and SR 80
  4. Manage trade on Worker after entry. Targeting 70 level as presented by Boss support

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  • #6,524
  • Sep 2, 2018 9:20am Sep 2, 2018 9:20am
Quoting JCMPete
Good day Master Strat, Apprentice Pete reporting for charting duty Sir! I have completed the first task on the path. I have read both the old and new threads from start to finish, post by post so now I am ready to continue with task 2: Spend 1000’s of hours in order to study 1000’s of charts! This is where the tyre meets the road so now I will be doing my best to practically apply all that I have read so far to test and build on my understanding of PASR. I am looking forward to your and the team's critique on my attempts at PASR analysis and trading....
Looking good Pete

Congratulations on reading the Tome of Knowledge. Now we are all learning how to apply it.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,525
  • Sep 2, 2018 9:27am Sep 2, 2018 9:27am
Quoting strat
EURUSD {quote} Plus it looks like we are going into the 3rd week of the Weekly Control Candle unless something drastic happens in the next 4 hours which is always possible at Month End.
Hi Strat and Svolacius

If I may add my view...It seems that the WCC is now in place so I am thinking we need to see PA on the Boss confirming a close and preferably retest of the WCC high/low to show the way forward. On the shorter 4 H time frame there seems to be an opportunity to short below 128.5 with target at the WCC low 126.067 as seen on my charts.

Regards
Pete
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  • #6,526
  • Sep 2, 2018 9:28am Sep 2, 2018 9:28am
Quoting Rufus
{quote} Looking good Pete Congratulations on reading the Tome of Knowledge. Now we are all learning how to apply it.
Thanks Rufus...much appreciated!
  • #6,527
  • Sep 2, 2018 12:02pm Sep 2, 2018 12:02pm
Quoting strat
PASR For those who don't know, understand or cannot recognise PASR: This is CLASSIC PASR! {image}
Excellent example Strat, thanks

Seeking and finding these set ups on any time frame do provide nice pip gathering.

Regards
Terry
  • #6,528
  • Sep 3, 2018 2:17am Sep 3, 2018 2:17am
Hello all,
I am struggling with analysis with EUR/USD, maybe you could give me your hindsights, I will appreciate it

BB:
Price is at support, made false break and stop moving down, really nice hammer there
Attached Image (click to enlarge)
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B:
WCC in place for 3 weeks (250 pips range, false break up and closed inside as shooting star), unfortunetelly I have no ressist in this price so, shooting star is not supported with basic S/R, but it is supported with WCC ressist
"If" I would like to trade short based on this SS, risk is around 200 pips to get 1:1 RR ratio, so I am not into it
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Worker:
Price hitted resist and made engulfing bar on Thursday, then break and moved to SS where it stopped, so no trade for me there too
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looks like I am looking for trade and this is bad, so I will stay away from this market before it will show me the way.

Thank you for comments and constructive critic
MH
  • #6,529
  • Sep 3, 2018 4:30am Sep 3, 2018 4:30am
EURAUD - H4 swing trading

I don't post much of late, but this one, like the other ones, is to thank Strat, again, again and again.
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  • #6,530
  • Sep 3, 2018 5:08am Sep 3, 2018 5:08am
Quoting darko2010
EURAUD - H4 swing trading I don't post much of late, but this one, like the other ones, is to thank Strat, again, again and again. {image} {image}
Hello danko, You are trading daily to 1hr timeframe.
  • #6,531
  • Sep 3, 2018 5:22am Sep 3, 2018 5:22am
Below is my analysis on EUR/AUD.
The month of August has a bullish bar, trend was up but price seems to have hit resistance and may temporarily sell as the current monthly candle is bearish indicating price rejection though the month is still very fresh.
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  • #6,532
  • Sep 3, 2018 5:24am Sep 3, 2018 5:24am
The Boss candle is also bearish,
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  • #6,533
  • Sep 3, 2018 5:28am Sep 3, 2018 5:28am
Attached is the worker, I am considering a sell, after BEOB or BEEB on the daily chart. I will love to hear others comment
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  • #6,534
  • Sep 3, 2018 5:57am Sep 3, 2018 5:57am
Quoting Mhons
looks like I am looking for trade and this is bad, so I will stay away from this market before it will show me the way. Thank you for comments and constructive critic MH
Looks bang-on to me - especially the final comment.

My take is that the BB has just bounced off of major resistance (the top line you drew) and found support at a not-so-major level. Hence it is time (in my best Strat impression) to Wait and see what price will tell us.

However, that's only my take on it and I'm just beginning to look at longer term PASR.
  • #6,535
  • Sep 3, 2018 6:32am Sep 3, 2018 6:32am
Quoting menek
{quote} Hello danko, You are trading daily to 1hr timeframe.
Trading H4 using H1 entries on this one.
However, this was a risky one as the worker is not completely ripe yet but the confluence of Boss and Big Boss resistances at this level and the PA last night made me feel comfortable taking this trade. Not a home run though, there will be skirmishes and AUD fundamentals are not great at the moment.
We'll see
  • #6,536
  • Sep 3, 2018 7:49am Sep 3, 2018 7:49am
Hi All

Quick update : I've mainly been doing M5 trades this spring/early summer. Life stuff has got in the way recently: much upheaval in my life as well as family holidays in August meant I took the whole month off.

Now looking to the future the aforementioned upheaval has caused me to re-evaluate what i'm doing with my trading. As a result I've decided to switch up to long term PASR going forward, prompting a re-read of the thread and a bit of acclimatisation and paper-trading.

Happy (lack of) Labour Day!
  • #6,537
  • Sep 3, 2018 7:55am Sep 3, 2018 7:55am
Quoting Mhons
Hello all, I am struggling with analysis with EUR/USD, maybe you could give me your hindsights, I will appreciate it BB: Price is at support, made false break and stop moving down, really nice hammer there {image} B: WCC in place for 3 weeks (250 pips range, false break up and closed inside as shooting star), unfortunetelly I have no ressist in this price so, shooting star is not supported with basic S/R, but it is supported with WCC ressist "If" I would like to trade short based on this SS, risk is around 200 pips to get 1:1 RR ratio, so I am not...
EURUSD

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 101 KB


This is what I am looking at with this bugger.

Something will have to tip their hand for me to take a large time frame position. We might catch a lower time frame Basic PASR .
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,538
  • Sep 3, 2018 8:01am Sep 3, 2018 8:01am
Quoting Rufus
{quote} EURUSD {image} This is what I am looking at with this bugger. Something will have to tip their hand for me to take a large time frame position. We might catch a lower time frame Basic PASR .
Stuck between EMA20 and EMA200 on the Worker, EURUSD is in general a slug, and it may not get any better for some time. Resting on Worker EMA20 for now, I don't expect it to do much on Labor Day.

Trade safe
D
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  • #6,539
  • Sep 3, 2018 8:06am Sep 3, 2018 8:06am
Quoting darko2010
{quote} Stuck between EMA20 and EMA200 on the Worker, EURUSD is in general a slug, and it may not get any better for some time. Resting on Worker EMA20 for now, I don't expect it to do much on Labor Day. Trade safe D {image}
Slug crawling through salt...
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,540
  • Sep 3, 2018 8:24am Sep 3, 2018 8:24am
Quoting darko2010
EURAUD - H4 swing trading I don't post much of late, but this one, like the other ones, is to thank Strat, again, again and again. {image} {image}
I entered short at 1.6125 under today's doji / SS on the 4h chart.
I expected a faster descent. However I am at BE.
Always safeguard capital!
Frank
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