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Strat's PASR Long Term, Stress Free Trading

  • #6,581
  • Edited 12:31pm Sep 4, 2018 12:13pm | Edited 12:31pm
Quoting cesar8
{image}
This post is TYPICAL of trolls and lurkers on public Forums.

He posts on here, a PRICE ACTION - NO INDICATORS thread, with a chart with a USELESS CCI squiggly wiggly line indicator on - a RED flag to a raging bull!

Then, check out his Profile -

He started a PRICE ACTION thread with NO INDICATORS on June 12, 2017

Then, started another STRATEGY WITHOUT INDICATORS thread on February 21, 2018

Then on September 03, 2018 he posts this JUNK!

What a WANKER! More FOOL anyone who follows him or takes his advice!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,582
  • Sep 4, 2018 12:22pm Sep 4, 2018 12:22pm
AUDCAD H1

Quoting Mhons
{quote} 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
I know your intentions are to be helpful to other traders which is EXCELLENT but in this case, you have actually done landax a dis-service.

He UNDERSTANDS PASR, the POWER of TIME FRAMES and SWINGS and has used all these with Basic PASR for this trade. If you don't UNDERSTAND, maybe ask landax to explain to you in more detail.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,583
  • Sep 4, 2018 12:22pm Sep 4, 2018 12:22pm
Quoting strat
{quote} This post is TYPICAL of trolls and lurkers on public Forums. He posts on here, a PRICE ACTION - NO INDICATORS thread, with a chart with a USELESS CCI squiggly wiggly line indicator on - a RED flag to a raging bull! Then, check out his Profile - He started a PRICE ACTION thread with NO INDICATORS on June 12, 2017 Then, started another STRATEGY WITHOUT INDICATORS thread on February 21, 2018 Then on September 03, 2018 he posts this JUNK! What a WANKER! More FOOL anyone who follows him or takes his advice! {image}
Yes.. that kind of person i was refering... those who are in the "limbo".
  • #6,584
  • Sep 4, 2018 12:24pm Sep 4, 2018 12:24pm
AUDCAD H1 Basic PASR

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
Excellent landax, you have developed a very good UNDERSTANDING of PASR, the POWER of TIME FRAMES and SWINGS and Basic PASR for this trade.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,585
  • Sep 4, 2018 12:30pm Sep 4, 2018 12:30pm
EURNZD H1 70 pips

Quoting landax
EURNZD H1 H4: Upward trend price and support price {image} H1: The price has break the resistance by causing a candle bueb so I took the trade, 70 pips {image} I start to like H1 when I have free time because the stress is even weaker because the loss is minimal
Very good! H1 trading, by taking chunks out of H4, can be very profitable and is an excellent addition to PASR Trend Trading.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,586
  • Sep 4, 2018 1:11pm Sep 4, 2018 1:11pm
Hello all,

I just wanted to introduce myself. I am relatively new to trading (6 months) and have been reading a lot (of mostly garbage as it turns out lol) and "tested" several indicator laden strategies that were "guaranteed" to work. In my search I came across this thread and price action really resonated with me. I have ditched my indicators (quite liberating actually) and started going through this post and all the downloads. After I learn something I go to the charts and look back and F12 forward to see if I "get it".

It is pretty amazing how simple (I didn't say easy) this is. I believe it's just a matter of repetition until it becomes second nature. I will try my best to find my own answers but would like to be able to post questions on here if I truly cannot find them (Or just miss them, so I apologize in advance if the answer has already been discussed but I somehow missed it)

I am excited to join this group and hope to be able to progress as a trader with hard work and some help when I need it.

Cheers.
  • #6,587
  • Sep 4, 2018 2:19pm Sep 4, 2018 2:19pm
[quote=strat;11437029]AUDJPY {quote} Good analysis Pete. Here are a few notes...

Hi Strat,

Thank you for your insights in the comments you made . I had to mull over some of them for a while to be sure I get and understand the lesson being taught. :-)

"huge support area between 80 and 72"

I can see it now that I have added in all the possible support lines in this area to visualize it. (Chart posted below.) Thank you for pointing this out as I have missed this. This is the purpose of taking a view from 30000 feet up on the big boss to be able to get the big picture of the pair's trading arena. I have to know and be very familiar with my surroundings.

"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."

Noted.

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

Thanks. I thought I had this right but I will confirm with my charting service provider.

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

Noted and I guess the really important message to remember here is "AFTER the Worker shows PASR" I need to be careful not to get ahead of myself and what PASR is telling me.

"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."

Point taken. See red circles in 4 hour chart below showing the price action since my previous post. This is scary stuff especially taking your next note below into consideration.

"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."

Hmmm....very interesting observation thank you. And this is something that I will have to take to heart going forward as I suspect this will trip me up more often than I might be willing to admit... Man in the Mirror, take note - Trading Psychology lesson 1 was just delivered.

Thanks
Pete
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  • #6,588
  • Sep 4, 2018 2:49pm Sep 4, 2018 2:49pm
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One of my 7 tiny positions open. All of them are profitable. Thanks Strat again for this opportunity to learn.
  • #6,589
  • Sep 4, 2018 8:32pm Sep 4, 2018 8:32pm
Quoting SkyKingdom
Hello all, I just wanted to introduce myself. I am relatively new to trading (6 months) and have been reading a lot (of mostly garbage as it turns out lol) and "tested" several indicator laden strategies that were "guaranteed" to work. In my search I came across this thread and price action really resonated with me. I have ditched my indicators (quite liberating actually) and started going through this post and all the downloads. After I learn something I go to the charts and look back and F12 forward to see if I "get it". It is pretty amazing how...
Welcome. This is a great place to be when starting out your journey into the Fx market. I wish I found this 6 months after I started trading.

Read the threads and ask questions. You will learn a lot about yourself and trading.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,590
  • Edited 4:26am Sep 5, 2018 3:46am | Edited 4:26am
Quoting Svolacius
{image} {image} {image} One of my 7 tiny positions open. All of them are profitable. Thanks Strat again for this opportunity to learn.
Hi, Svolacius

Boss
I "see" it is DOWN TREND.
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Worker
Is this a Long PA signal?
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Regards

Cj
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #6,591
  • Sep 5, 2018 7:36am Sep 5, 2018 7:36am
Quoting Cj.cn
{quote} Hi, Svolacius Boss I "see" it is DOWN TREND. {image} Worker Is this a Long PA signal? {image} Regards Cj
I "see" the Big Boss. I'm mostly trading Basic PASR - from support to resistance or from resistance to support, I am not usually aiming to get into Boss Swings as I do not think I mastered Basic PASR enough to do that.
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  • #6,592
  • Sep 5, 2018 8:21am Sep 5, 2018 8:21am
Big bullish movement on these GBP pairs, with resistance from the top of the WCC

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  • #6,593
  • Edited 9:47am Sep 5, 2018 9:17am | Edited 9:47am
PASR

Quoting SkyKingdom
Hello all, I just wanted to introduce myself. I am relatively new to trading (6 months) and have been reading a lot (of mostly garbage as it turns out lol) and "tested" several indicator laden strategies that were "guaranteed" to work. In my search I came across this thread and price action really resonated with me. I have ditched my indicators (quite liberating actually) and started going through this post and all the downloads. After I learn something I go to the charts and look back and F12 forward to see if I "get it". It is pretty amazing how...
Welcome. This will be more of a test of your desire, determination, drive, will power, discipline, patience, and perseverance than you could ever think possible than chart analysis skills.

I recommend you follow the example of JCMPete and read, learn and understand in the logical manner my "old" original thread is laid out rather than skipping to and from subjects. Study well and ask questions when you are ready.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,594
  • Sep 5, 2018 9:22am Sep 5, 2018 9:22am
GBPCAD

Quoting Svolacius
{image} {image} {image} One of my 7 tiny positions open. All of them are profitable. Thanks Strat again for this opportunity to learn.
You don't need me to tell you but "well done" anyway!
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,595
  • Sep 5, 2018 9:47am Sep 5, 2018 9:47am
GBPCAD

Quoting Cj.cn
{quote} Hi, Svolacius Boss I "see" it is DOWN TREND. {image} Worker Is this a Long PA signal? {image} Regards Cj
Boss I "see" it is DOWN TREND

Have you forgotten who ""CONTROLS"" the Boss? Did you consult the Big Boss? Do you SEE what the Big Boss is telling you? Also don't forget "What goes up MUST come down" and vice versa.

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Worker
Is this a Long PA signal?

Attached Image


This is difficult for those not having the "thousands of hours studying thousands of charts" so don't feel bad.

Had you done the 3 time frame PASR analysis you would already be looking for LONG positions off the support created across all 3 time frames at BRNs 1.66 to 1.69

The Shooting Star on August 31, 2018 at ""resistance"" of that support followed by the Hammer on September 03, 2018 would have confused all but experienced PASR traders.

""Pin bar"" traders would have placed shorts below the low of their ""Pin Bar"" expecting PRICE to fall back to support.

PASR traders however, are already positioned, or are looking for long positions, so just SEE that SHOOTING STAR at resistance as a PRICE level to take short term profits. The HAMMER which follows CONFIRMS the long PASR analysis so additional, or new, long positions are placed above the high of that HAMMER.

As PASR traders, we are ALWAYS trading the NOW - not what happened a month ago or a week ago or even yesterday - we ALWAYS trade the LATEST PASR.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,596
  • Sep 5, 2018 9:56am Sep 5, 2018 9:56am
GBP

Quoting landax
Big bullish movement on these GBP pairs, with resistance from the top of the WCC {image} {image}
The big bullish move on GBP pairs was not as a result of a "RED" news event so was probably the reaction or maybe "knee-jerk" reaction to those who call themselves ""Politicians"" in the British Government expressing their views on "Brexit".

Until the "Brexit" situation is resolved, GBP will always be volatile and, at times, "unpredictable" for those who can ""predict"" the future.

Interestingly, and, as it does in most cases, PASR is already ""set up"" in the direction of the move.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,597
  • Sep 5, 2018 10:12am Sep 5, 2018 10:12am
Quoting strat
GBPCAD {quote} You don't need me to tell you but "well done" anyway!
I most certainly do! You are the mentor and teacher of ours and every "well done" just inspires to do, learn and apply more of what you show us.
  • #6,598
  • Sep 5, 2018 10:13am Sep 5, 2018 10:13am
This was my entry of GBPCAD

BigBoss end with Support
Boss already is going swing up

In Worker

Attached Image (click to enlarge)
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Price did a LL, LH, LL(Double Bottom), HH. When it breaks and close above of that LH, i start looking for my buy.

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

I was trading H4 Chart, but my mind didnt let me sleep because i want to know what is the new candle and i normally since all my life i have problems for sleep... So after the time i didnt get comfortable. I decide to change H4 Chart to H6 Chart and allow only to miss one candle at the night. (1 Month Candle is 4 Week Candle, 1 Week Candle is 5 Day Candle, 1 Day Candle is 6 H4 Candles , and with H6 Candles -> 1 Day Candle is 4 H6 Candles).

In the Future i want to trade only Worker, Boss and BigBoss... but for now im trading H6 for trying to learn and see set ups more faster. I have all day avaiable for trading.

This is my H6 Chart

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When i see the Hammer at Support plus 20 Green SS. I see my R:R and targeting the Resistance of D1.

But im still taking notes because if i were trading the Worker Swing, i should be in the trade until the PA at Worker tell me to get out. And i think is more funny and enjoyable trading the Boss Swing but i still learning.

Thank you.


Edit: When the price did the 1:1 and touch the high in 360M Chart, i place my stoploss to breakeven+1.

If this is correct, i can start showing more trades for be more Active.
  • #6,599
  • Sep 5, 2018 10:48am Sep 5, 2018 10:48am
Quoting strat
PASR {quote} Welcome. This will be more of a test of your desire, determination, drive, will power, discipline, patience, and perseverance than you could ever think possible than chart analysis skills. I recommend you follow the example of JCMPete and read, learn and understand in the logical manner my "old" original thread is laid out rather than skipping to and from subjects. Study well and ask questions when you are ready.

Thank you for the warm welcome. I have already started reading. There is a lot of info. I will save my questions for a while because I am sure there are answers in the material I am going through. If it seems that I have disappeared it's only because I want to have a decent understanding of the concepts before I ask questions.

Thanks again !
  • #6,600
  • Sep 5, 2018 1:38pm Sep 5, 2018 1:38pm
Quoting strat
Quoting Toddfx BOSS 20 is the 20 period sma, right? I searched this thread but just want to make sure. http://i43.tinypic.com/znv3hx.gif We have a 20ema and a 50sma which tells us about the Daily and on the same chart we have a 100ema and a 250sma which tells us what the BOSS is doing. The 100ema on the Daily chart is the same as a 20ema on the Weekly (20(daily) x 5 (days in a week) = 100) The 250sma on the Daily chart is the same as a 50sma on the Weekly (50(daily)...

Hey guys,

So my first question came a little sooner than I thought. In the above post the 2 MA's are the 20 EMA and 50 SMA then amplified to 100 and 250 respectively to produce the weeklies.

In Strat's PASR pdf the chapter entitled The Power of the 20 EMA and 50 EMA in Forex Trading mentions 20 AND 50 EMA. I have also seen in a post somewhere that it is now 20 EMA and 72 EMA. I just wanted to make sure I have the basics down correctly.

I tried to find the answer and I think it is the 20 & 72 EMA now but I just want to be 100% sure.

Thank you.
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