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Strat's PASR Long Term, Stress Free Trading

  • #6,561
  • Sep 3, 2018 12:46pm Sep 3, 2018 12:46pm
A controlled trade
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Persian Gulf forever
  • #6,562
  • Sep 3, 2018 12:54pm Sep 3, 2018 12:54pm
PASR

Quoting menek
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?
Read my POWER OF TIME FRAMES then study this:

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If you UNDERSTAND these then you can answer your own question
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,563
  • Sep 3, 2018 1:10pm Sep 3, 2018 1:10pm
CADCHF M5 PASR Trend Trading

Quoting parsfx
A controlled trade {image}
While you made a few pips profit you need to step back and re-think what you did as there will be times when volume and volatility is higher which will hit your wallet.

Look at the candle you entered on - UNDERSTAND what that TAIL is telling you.

You need to exercise DISCIPLINE and PATIENCE to WAIT for the higher probability candle in the next blue circle.

Even though some trading took place, it is not good practice to trade when a geographical group (New York) of Big Boys are on holiday. PRICE could easily have done nothing or worse, gone against you.

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Other than that, good job. Keep watching what PRICE does in and around the Strat Shadow in a trend.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,564
  • Edited 3:53pm Sep 3, 2018 3:35pm | Edited 3:53pm
Quoting strat
EURAUD {quote} 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
Thank you very much strat for responding. God bless u for these humanitarian gesture. Nevertheless, bird's eye view means different thing to different people. could it be base on price above or below Emas? Or candle wick? what specifically do you look out for? or meant by Bird's eye view?
  • #6,565
  • Edited 5:03pm Sep 3, 2018 4:13pm | Edited 5:03pm
Big Boss

Quoting menek
{quote} Thank you very much strat for responding. God bless u for these humanitarian gesture. Nevertheless, bird's eye view means different thing to different people. could it be base on price above or below Emas? Or candle wick? what specifically do you look out for? or meant by Bird's eye view?
Had you taken the trouble to read, learn and UNDERSTAND both of my threads, you should already know what PASR traders look for in the Big Boss and no, I am not going to repeat what I have said so many times.

From Post 1:

My mission, as it always has been from the beginning, is TRADERS HELPING TRADERS.

I will help all those who are GENUINELY interested in trading for a living but will ignore all those looking for shortcuts or who will not READ and UNDERSTAND and PRACTICE the strategy.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,566
  • Sep 3, 2018 7:07pm Sep 3, 2018 7:07pm
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  • #6,567
  • Sep 3, 2018 10:44pm Sep 3, 2018 10:44pm
Quoting strat
EURAUD H4 {quote} We will gladly take your money every day. Thank you.
Hi Strat, You're perfectly right. The market came back, but I was already at BE.
No loss and especially learned lesson.
In trading there are no free lunches.
Frank
  • #6,568
  • Sep 4, 2018 12:35am Sep 4, 2018 12:35am
Quoting strat
PASR {quote} 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.
Thank you Strat for providing us with this opportunity to learn!
  • #6,569
  • Sep 4, 2018 2:14am Sep 4, 2018 2:14am
Quoting cesar8
{image}

Looks like you posted in a wrong thread...
Focus, Patience, Discipline, Determination and Perseverance
  • #6,570
  • Sep 4, 2018 3:11am Sep 4, 2018 3:11am
AUD/CAD H1

Small trade on H1... 35 pips

BB: Price to support
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B: Price to support
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W: Swing Low
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H4: Price in the Strat shadow
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H1: Input taken when Price broke the Stratshadow
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H1: Take profit a few hours later
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It was a counter-trend job, but even if I had taken a loss, it would have been minimal so no stress for it
  • #6,571
  • Sep 4, 2018 4:35am Sep 4, 2018 4:35am
Quoting landax
AUD/CAD H1 Small trade on H1... 35 pips BB: Price to support {image} B: Price to support {image} W: Swing Low {image} H4: Price in the Strat shadow {image} H1: Input taken when Price broke the Stratshadow {image} H1: Take profit a few hours later {image} It was a counter-trend job, but even if I had taken a loss, it would have been minimal so no stress for it
Nice pips, but just you should re-read about swings, because there is not confirmed swing low until high of candle that made lowest low is taken out and in this case was not, so take care next time you could be very suprised, no offense
  • #6,572
  • Sep 4, 2018 5:19am Sep 4, 2018 5:19am
Quoting Suran
{quote} Looks like you posted in a wrong thread...
Lol possibly!

Out of curiosity, has anyone ever tried de-trending the strat shadow into a MACD and observing how much information is destroyed by that activity? Just reminds me of the trendlines drawn on the CCI.
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  • #6,573
  • Sep 4, 2018 10:23am Sep 4, 2018 10:23am
USDCAD H1 PASR Trend Trading:





Happy Trading,
Yomi.
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Time always comes before price
  • #6,574
  • Sep 4, 2018 10:37am Sep 4, 2018 10:37am
USDCAD H1 PASR Trend Trading

Quoting fxrabbi
USDCAD H1 PASR Trend Trading: Happy Trading, Yomi. {image}
M5, then M15 and now H1 - is there no end to your talents, Yomi?
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,575
  • Sep 4, 2018 10:54am Sep 4, 2018 10:54am
Quoting strat
USDCAD H1 PASR Trend Trading {quote} M5, then M15 and now H1 - is there no end to your talents, Yomi?
Thanks for your guidance here. I'm only trying to find the timeframe that suits my available time now. But I can only confirm here that your PASR Trend Trading Strategy suit All timeframes.


Happy Trading,
Yomi.
Time always comes before price
  • #6,576
  • Edited 11:46am Sep 4, 2018 11:17am | Edited 11:46am
Hello Strat, i have a question that is traveling around my head all the weekend haha

There is Trend Trading, Basic PSAR Trading and Swing Trading.

I like the Trend Trading and Swing Trading.

In your trades trading the Boss Swing, You do weekly "bar by bar" information for see when to open or close your trades. Your Add-ons you make it on Worker.

Im correct in here?

(If yes)

You follow every Boss Candle and watching the Boss Swing... But i have a question about the GBPAUD that we were speaking. In the next image i just draw zigzags from a Confirmed Swing to Confirmed Swings (HH HL LH LL).



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And the next image is yours showing the Lower High and ur first entry was in Boss Chart and ur Add-on Entry was in Worker Chart (In the days that u already mentioned before). But my question is, how you know this was a LH if this isnt a confirmed swing?

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Thank you.

Oh and BTW, in wich method u are more comfort in your life style? Trading Boss Swings? (Right now i have enough patience to wait for Worker Candles hehe, few months after from Tick Charts to Worker Candles.. haha)
  • #6,577
  • Edited 12:00pm Sep 4, 2018 11:19am | Edited 12:00pm
PASR

Quoting Humbucker
{quote} Lol possibly! Out of curiosity, has anyone ever tried de-trending the strat shadow into a MACD and observing how much information is destroyed by that activity? Just reminds me of the trendlines drawn on the CCI. {image}
Out of curiosity, has anyone ever tried de-trending the strat shadow?

In my early pre - PASR days, I tried every indicator and indicator combination ever developed with all the flashing lights and bells and whistles you could ever dream of with every combination of settings on every time frame.

There is no indicator ever developed or will be developed which can provide the analyst with more accurate information than PRICE.

This reminds me of the report I did in my ""old"" (2009) original thread on Ronald MacDonald (MACD), so here it is again:

*****************************************************************************************************

""Here are just a few of the many failings of Ronald MacDonald (MACD)

As I have said in an earlier post, indicators are for those who do not understand PASR.

Having said that, I respect traders who make a profitable living using them and I am open to anyone who can show me how to profit consistently using the damned things!

Let’s first remember that indicators are an EXCUSE for NOT understanding or being able to SEE what PRICE is doing. As such they are a derivation, and, many times, several derivations of PRICE and will always be at least one level of accuracy below PRICE depending on their formula/code complexity

They were also developed to PREDICT future price action! The prediction being entirely subjective to the interpretation of the trader.

So let’s take a closer look at Ronald MacDonald:

To the newbie or inexperienced, I can see that it can be THEIR Holy Grail – in history and back testing it looks perfect – but any indicator will ALWAYS look perfect in history, back testing – HINDSIGHT. It has to, because it is using the latest information that CLOSED the last candle and candles depending on the number of bars it uses for calculation. However, while you are trading LIVE at the HARD RIGHT EDGE when PRICE is jumping UP and DOWN, well, good luck!

As an exercise, put Ronald on ANY chart and scroll backwards or forwards and SEE this useless piece of crap jump up and down all over the place. In other words what you see TODAY is NOT what you will see when today is “x” days later. If you still don’t get it, today might show Ronald at the bottom but in 20 days time, it will be somewhere else. If you still don’t see it, take a screen shot of where it is at today and one 30 days later and SEE the difference.

Let’s look at how Ronald is coded:

MACD stands for ‘Moving Average Convergence Divergence’ and works by measuring the difference between a fast and a slow exponential moving average.

The three components that make up the MACD Indicator are constructed in the following way.

Signal Line = 12 Day EMA - 26 Day EMA
Reference Line = 9 Period EMA of the Signal Line
Histogram = Signal Line - Reference Line

So, we are taking the exponential moving average of PRICE 12 days ago and from that, subtracting the exponential moving average of PRICE 26 days ago and calling it the Signal Line. Then, we are going to take a 9 period exponential moving average of THAT difference and call it the Reference Line. Then we will create a histogram of the difference between the Signal line and the Reference Line.

An exponential moving average of an exponential moving average!!!!!

No wonder this thing LAGS!

So, using my Mark I eyeball, I can SEE, without any calculations whatsoever, the difference between PRICE 12 days ago and PRICE 26 days ago. Why does anyone need an indicator to do this?

What does PRICE 12 days ago or 26 days ago have to do with where PRICE is at now? I want to trade in the NOW, not in the past.

I can SEE with my Mark I eyeball where PRICE is NOW compared to where it was 12 days ago, 26 days ago, 50 days ago etc. Why do I need an indicator for that?

Let’s use the Worker AUDUSD from Sept 2003 to March 2004 as an example:

First, here are some restrictions on the use of Ronald:

Gerald Appel, (Ronald MacDonald, the developer of MACD) claims that the MACD works better in trends and particularly in a rising market more than a falling market.

It is also universally accepted that a buy signal is more reliable if the crossover occurs below the histogram and similarly for a sell signal that occurs above the histogram.

Most newbies and inexperienced users of squiggly wiggly lines don’t even know this. Worse still, they also use it for exits. Despite claims that it is the perfect indicator for trends, Ronald is USELESS at monitoring trends for exit signals.

This is because the reference line is an AVERAGE of the signal line (which is also ANOTHER MOVING AVERAGE) and it will collapse into the signal line under constant trending conditions, causing whipsaws.

This happens when the value of the signal line remains the same for any length of time, i.e. The difference between the 12 day EMA and the 26 day EMA is the same (constant).

Look at what Ronald thinks of the trend between Oct 2003 and January 2004! How does that help anyone? In fact it doesn’t help – it keeps those people trading MACD OUT of trending trades! (That’s GOOD – more trend profits for PASR Trend traders!)

But wait a minute! The Ronald MacDonald experts know the answer!

When any indicator doesn’t follow PRICE it is called divergence. GREAT! So for 3 months we are in limbo because our cast in concrete Holy Grail Gospel is shouting out “divergence”.

When do these Ronald experts know divergence is over?

How do they measure divergence?

Is 1 pip divergence?
Is divergence expressed in terms of time?
How many divergences are needed BEFORE PRICE moves?

NOBODY KNOWS!

Now, if you are in the Ronald MacDonald Elite Club, you will be told about Hidden Divergence. This is when PRICE does the OPPOSITE to what the indicator does (as in the recent EURGBP example).

WHAT? PRICE does the opposite to what the indicator does? Give me a break – PRICE LEADS and NEVER, EVER does the opposite of any indicator!

Who gives a flying shit what an indicator does – all we care about is PRICE.

PRICE is KING, QUEEN, LORD & COUNTRY


I could go on, and on ad infinitum but hopefully you get the message.""
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,578
  • Sep 4, 2018 11:21am Sep 4, 2018 11:21am
EURNZD H1

H4: Upward trend price and support price
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H1: The price has break the resistance by causing a candle bueb so I took the trade, 70 pips
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I start to like H1 when I have free time because the stress is even weaker because the loss is minimal
  • #6,579
  • Sep 4, 2018 11:56am Sep 4, 2018 11:56am
PASR SWING TRADING

Quoting HappyTrend
Hello Strat, i have a question that is traveling around my head all the weekend haha There is Trend Trading, Basic PSAR Trading and Swing Trading. I like the Trend Trading and Swing Trading. In your trades trading the Boss Swing, You do weekly "bar by bar" information for see when to open or close your trades. Your Add-ons you make it on Worker. Im correct in here? (If yes) You follow every Boss Candle and watching the Boss Swing... But i have a question about the GBPAUD that we were speaking. In the next image i just draw zigzags from a...
I was reluctant to answer any more of your questions because you are TYPICAL of Forum lurkers - you are all TAKE and NO GIVE. You want everything from me but give NOTHING back to the traders on here. This will be my last answer to you until I SEE participation on here from you!

In your trades trading the Boss Swing, You do weekly "candle by candle" information for see when to open or close your trades. Your Add-ons you make it on Worker.
Im correct in here?

Yes

But i have a question about the GBPAUD that we were speaking.

First, I suggest you get your PASR eyes checked - you have marked a LOWER LOW as HL on YOUR chart.

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But my question is, how you know this was a LH if this isnt a confirmed swing?

Because I UNDERSTAND PRICE ACTION and specifically PASR! If you have read, learned and UNDERSTOOD both threads as you say you have then you should know the answer. I bet JCMPete knows the answer!

Against my better judgement I will give you a clue:

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Just in case your PASR eyes are still bad:
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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,580
  • Sep 4, 2018 12:04pm Sep 4, 2018 12:04pm
Quoting strat
PASR SWING TRADING {quote} I was reluctant to answer any more of your questions because you are TYPICAL of Forum lurkers - you are all TAKE and NO GIVE. You want everything from me but give NOTHING back to the traders on here. This will be my last answer to you until I SEE participation on here from you! In your trades trading the Boss Swing, You do weekly "candle by candle" information for see when to open or close your trades. Your Add-ons you make it on Worker. Im correct in here? Yes But i have a question about the GBPAUD that we were speaking....
Thank you for ur reply.

And sorry if you think that im a "Typical Forum Lurker" (I think this is a kind of person who are jumping to all the threads and reading and trying to do all the system...) but Im Not. I only interested in here and everyday gets more interesting.

I try to research my own answers because i tend to ask "stupid" questions that i have been already answered and i just read and look back for find my answers.

***

I want to ask you more questions about my last post but i think is going to be for later. Im going to try to be more active, but believe me... Im reading this everyday and all the weekends. Thank you.
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