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Strat's PASR Long Term, Stress Free Trading

  • #6,541
  • Edited 9:23am Sep 3, 2018 8:24am | Edited 9:23am
Quoting strat
PASR

Hi Strat and others,

Back to PASR apprenticeship ( after wandering off with life's occasional struggles). Need to figure out how to put aside couple of hours per day for this with out any hindrance.

Anyway Took a trade (one live and others paper trade at moving hard right edge) today,

GBP/AUD (Live) - Saw a good trend,price did a swing trap ,shorted marked BEEB candle. But once price struggled to break the yellow marked box area I was hesitating. And then it hit a BUOB (bar marked b). I thought its time to exit. Damn...see what it did after that..next candle break the troubled area. I wasn't in the mood to enter again.
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others are some paper trades I've done at the moving hard right edge.

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Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #6,542
  • Sep 3, 2018 8:27am Sep 3, 2018 8:27am
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}
Today eurusd is in range. IMHO.
Frank
  • #6,543
  • Sep 3, 2018 8:33am Sep 3, 2018 8:33am
Quoting Suran
{quote} Hi Strat and others, Back to PASR apprenticeship ( after wandering off with life's occasional struggles). Need to figure out how to put aside couple of hours per day for this with out any hindrance. Anyway Took trade (one live and others paper trade at moving hard right edge) today, GBP/AUD (Live) - Saw a good trend,price did a swing trap ,shorted marked BEEB candle. But once price struggled to break the yellow marked box area I was hesitating. And then it hit a BUOB (bar marked b). I thought its time to exit. Damn...see what it did after...

Life happens. We all have things that must be dealt with to be clear headed for trading. Strat posted this a few pages back. I copied it and put it in my trading plan.

"I have posted on this many times but it is probably in my "old" original thread. Just like an athlete who can only perform to his/her maximum when they are "in shape" both physically and mentally, so too, must we only trade when we are "in shape" mentally and physically. I used to use trading as a refuge when things were "not right" in my "situation" only to learn that these were the times when my trading performance nose dived. It was hard to do, but eventually I learned to walk away from trading and get my mind onto other things when in this situation.

Until you are mentally and physically 100% ""in shape"" to trade, do anything except trade. You will not miss anything except frustration and losses. Resolve your "problems", clear your mind and get back in to a "happy frame of mind" then decide whether you are "fit" to trade again.

Lastly, don't brood over your situation - you are not alone, it happens to all of us - you will get through it - just give it time."

The time I take to organize or cleanup aspects of my life spills over into success in trading. If I don't take the time it spills over into poor trading.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,544
  • Sep 3, 2018 8:36am Sep 3, 2018 8:36am
Quoting windofmarch
{quote} 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!
It will be slow, we are against the tide and as I said, the Worker has yet to confirm that the Boss resistance is solid.
You were well-advised to protect your capital but maybe you are not trading on H4 as your SL must be in accordance with the TF you are trading, not the sub-TF you are taking your entries from. A re-test of the top of the H4 SS is not impossible.

Trade safe
  • #6,545
  • Sep 3, 2018 8:42am Sep 3, 2018 8:42am
Quoting Suran
{quote} Hi Strat and others, Back to PASR apprenticeship ( after wandering off with life's occasional struggles). Need to figure out how to put aside couple of hours per day for this with out any hindrance. Anyway Took trade (one live and others paper trade at moving hard right edge) today, GBP/AUD (Live) - Saw a good trend,price did a swing trap ,shorted marked BEEB candle. But once price struggled to break the yellow marked box area I was hesitating. And then it hit a BUOB (bar marked b). I thought its time to exit. Damn...see what it did after...
I know how you feel, I did that to myself too many times in the past.
Now, I use H1/H4 S/R levels on my M5 trades and if you look at GBPAUD, there was nothing price could cling to where you exited whereas it is currently on both an H1 and H4 support area, 25 pips below where you got out.

Trading is a constant struggle, but the only real enemy is yourself, once you make peace with yourself and accept all the consequences of your actions, both good and bad, this becomes a very different activity devoid of passion, just work.

Don't give up now, your frustration only confirms you are on the right path
  • #6,546
  • Sep 3, 2018 8:48am Sep 3, 2018 8:48am
Quoting darko2010
{quote} It will be slow, we are against the tide and as I said, the Worker has yet to confirm that the Boss resistance is solid. You were well-advised to protect your capital but maybe you are not trading on H4 as your SL must be in accordance with the TF you are trading, not the sub-TF you are taking your entries from. A re-test of the top of the H4 SS is not impossible. Trade safe
Thanks for the reply. I know that a new retest is possible. However I have secured a margin to put to BE and, if there is no retest (but this, at least I, I can not know), it could be a good trade.
Frank
  • #6,547
  • Sep 3, 2018 8:54am Sep 3, 2018 8:54am
I notice that by the time there is an entry signal on the worker, price must have move some distance away from the S/R. This is because we have to wait for the Big Boss and Boss to give us a clue where price will be heading next. Is this statement correct?
  • #6,548
  • Sep 3, 2018 9:03am Sep 3, 2018 9:03am
PASR

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....
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!

Well done, Pete. This shows you are a serious student and have the desire , determination, drive and patience which are all qualities needed to be successful in trading.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,549
  • Sep 3, 2018 9:08am Sep 3, 2018 9:08am
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}
Hi Darko,

I saw the same. Thanks for posting this.
looking on the higher time frames it seems like the area 1,62 is a strong resistance (see daily chart below).
So started with a small position on the H4 swing , entry on H1. Will add on when it goes in my direction.

H4:
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Daily:
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  • #6,550
  • Sep 3, 2018 9:29am Sep 3, 2018 9:29am
AUDJPY

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....
Good analysis Pete.

Here are a few notes:

Big Boss:

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

PRICE doesn't care about specific PRICE levels except for occasions where the Big Boys have specific targets around BRNs - Big Round Numbers. GBPUSD is a pair targeted by the Big Boys on BRNs. Just be aware that our SR is areas or zones of SR rather than a specific PRICE.

JPY pairs only have 2 digits after the decimal point so 80,633 is 80.63

Make sure you are aware that there is a huge support area between 80 and 72

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

Opportunity yes, but not a trade. We need PASR to show us if that support does not hold and PRICE is being driven down to the next support.

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

Not on my chart. Make sure you are analysing candles which close at 5pm New York time.

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

We only drop down to H4 to find a better entry, SL and R:R AFTER the Worker shows PASR

Look at where PRICE is relative to the 20 on the Worker and especially on H4. We do not want to take trades when PRICE has already made a substantial move away from the 20.

After reading your analysis, it is clear you have a BIAS for short trades. REMOVE all bias from your analysis and keep an open, flexible trading mind to only SEE what PRICE in the chart is doing, not what you think it will do. Remember, PASR FOLLOWS in the footsteps of the Big Boys - we NEVER lead them.

Good job, Pete

15 YEARS OF PASR ON FOREX FACTORY!
  • #6,551
  • Sep 3, 2018 9:38am Sep 3, 2018 9:38am
EURUSD

Quoting JCMPete
{quote} 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 {image} {image} {image} {image}
Correct. PRICE is now in its 3rd week of being trapped inside a Weekly Control Candle.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,552
  • Sep 3, 2018 9:44am Sep 3, 2018 9:44am
EURUSD

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...
Your analysis is good. You are only struggling because this pair is directionless just now making any accurate analysis difficult.

Only trade PASR trades which stand out like a sore thumb!
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,553
  • Sep 3, 2018 9:46am Sep 3, 2018 9:46am
EURAUD - H4 PASR swing trading


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}
Thanks Arno, good to see you posting again.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,554
  • Sep 3, 2018 9:49am Sep 3, 2018 9:49am
Quoting strat
EURAUD - H4 PASR swing trading {quote} Thanks Arno, good to see you posting again.
Thanks Strat, a lot of soul-searching this summer, but I am starting to get my mojo back.
  • #6,555
  • Edited 12:44pm Sep 3, 2018 10:01am | Edited 12:44pm
EURAUD

Quoting menek
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. {image}
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.

This means NOTHING - this is ONLY the 3rd day in the month.

All you need from the Big Boss is the BIG PICTURE from 50,000 feet - or a bird's eye view to SHOW the sentiment and intent of the Big Boys
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,556
  • Sep 3, 2018 10:05am Sep 3, 2018 10:05am
EURAUD

Quoting menek
The Boss candle is also bearish, {image}
The BOSS candle does not COMPLETE until 5pm on Friday September 07, 2018! How do you KNOW it is ""bearish""? Do you have a crystal ball or foresight that lets you SEE into the Future?
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,557
  • Sep 3, 2018 10:11am Sep 3, 2018 10:11am
EUAUD

Quoting menek
Attached is the worker, I am considering a sell, after BEOB or BEEB on the daily chart. I will love to hear others comment {image}
Are you sure you have read, learned and UNDERSTOOD PASR? We ONLY trade CLOSED candles. The Worker candle does not CLOSE for another 6 hours even though New York is ""officially" on Holiday for Labour Day today.

My ""Open"" Worker candle is a doji showing a PAUSE/INDECISION.

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,558
  • Sep 3, 2018 10:14am Sep 3, 2018 10:14am
PASR

Quoting Humbucker
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!
No problem. Keep experimenting with time frames UNTIL you find the one which fits your style, personality, RISK and circumstances.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,559
  • Sep 3, 2018 10:15am Sep 3, 2018 10:15am
EURAUD H4

Quoting windofmarch
{quote} 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!
We will gladly take your money every day. Thank you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,560
  • Sep 3, 2018 10:20am Sep 3, 2018 10:20am
GBPAUD M5 PASR Trend Trading

Quoting Suran
{quote} Hi Strat and others, Back to PASR apprenticeship ( after wandering off with life's occasional struggles). Need to figure out how to put aside couple of hours per day for this with out any hindrance. Anyway Took a trade (one live and others paper trade at moving hard right edge) today, GBP/AUD (Live) - Saw a good trend,price did a swing trap ,shorted marked BEEB candle. But once price struggled to break the yellow marked box area I was hesitating. And then it hit a BUOB (bar marked b). I thought its time to exit. Damn...see what it did after...
Today, with Labour Day Holiday here, is NOT a good day to trade M5! You need MAXIMUM volume and volatility in London and New York to trade PASR profitably on M5
15 YEARS OF PASR ON FOREX FACTORY!
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