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Strat's PASR Long Term, Stress Free Trading

  • #6,601
  • Sep 5, 2018 5:36pm Sep 5, 2018 5:36pm
Quoting SkyKingdom
{quote} 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.
Correct
Welcome
  • #6,602
  • Edited 10:50pm Sep 5, 2018 10:17pm | Edited 10:50pm
Quoting Svolacius
{quote} 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. {image}
Hi, Svolacius

I agree that we can make a long trade. Because the Pre weekly candle is BUOB and confirmed the Swing Low.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADWeekly.png Size: 31 KB

My question is:

1st, "trading Basic PASR".
but you buy into the top of WCC and the Resistance you drawed in other words buy into Resistance ?
I would wait CLOSED above the WCC on Boss.

2nd, can the candle you marked be as a long signal? Is it a definitely Hammer not a "bond" hammer?
Attached Image

what I learned is "That is not a hammer - it has to be at the end of a trend which it isn't". (see #post 1403)

I didn't trade it. If I do, I would drop down to lower timeframe like what HappyTrend did.

I don't want to confuse you, just post my own opinion. If I am wrong, you can ignore this post.

thanks

Regards

Cj
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #6,603
  • Sep 6, 2018 12:11am Sep 6, 2018 12:11am
GBPAUD

My ""BIG PICTURE"" road map for GBPAUD - NOT my trading chart.

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 73 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,604
  • Edited 9:30am Sep 6, 2018 12:15am | Edited 9:30am
Quoting Cj.cn
{quote} Hi, Svolacius I agree that we can make a long trade. Because the Pre weekly candle is BUOB and confirmed the Swing Low. {image} My question is: 1st, "trading Basic PASR". but you buy into the top of WCC and the Resistance you drawed in other words buy into Resistance ? I would wait CLOSED above the WCC on Boss. 2nd, can the candle you marked be as a long signal? Is it a definitely Hammer not a "bond" hammer? {image} what I learned is "That is not a hammer - it has to be at the end of a trend which it isn't". (see #post...
The same as u said at the end.. if Start says that im wrong just ignore the post.

***

I think all depends wich "inside" system are you trading.

*Trend Trading?
*PASR Trading?
*Swing Trading?

Sometimes i get confuse and mixed the things and is wrong... when i just focus in only one, i let i go and for me that is the "stress free".

When Big Boss or Boss are showing some PASR action, i like to go lower timeframes (Worker or my H6 Chart) to find my entry and my psychology fits on "PSAR TREND TRADING". If i see PASR Boss Action but in my Worker or H6 are not trending.. in ignoring the entries...

As u can see, the BOSS confirm the Low Swing but in my H6 Chart start to TRENDING UP.


****

Anyway i only have a few months trading from Tick Chart to this Higher Timeframes... and for real.. i feel more comfortable trading this long term trading.


HappyTrend loves the Trend.
  • #6,605
  • Sep 6, 2018 12:16am Sep 6, 2018 12:16am
GBPCAD

Quoting Cj.cn
{quote} Hi, Svolacius I agree that we can make a long trade. Because the Pre weekly candle is BUOB and confirmed the Swing Low. {image} My question is: 1st, "trading Basic PASR". but you buy into the top of WCC and the Resistance you drawed in other words buy into Resistance ? I would wait CLOSED above the WCC on Boss. 2nd, can the candle you marked be as a long signal? Is it a definitely Hammer not a "bond" hammer? {image} what I learned is "That is not a hammer - it has to be at the end of a trend which it isn't". (see #post...
You obviously ignored my Post 6595!
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,606
  • Sep 6, 2018 12:27am Sep 6, 2018 12:27am
PASR

Quoting HappyTrend
{quote} The same as u said at the end.. if Start says that im wrong just ignore the post. *** I think all depends wich "inside" system are you trading. *Trend Trading? *PSAR Trading? *Swing Trading? Sometimes i get confuse and mixed the things and is wrong... when i just focus in only one, i let i go and for me that is the "stress free". When Big Boss or Boss are showing some PSAR action, i like to go lower timeframes (Worker or my H6 Chart) to find my entry and my psychology fits on "PSAR TREND TRADING". If i see PSAR Boss Action but in my Worker...
Sometimes i get confuse and mixed the things and is wrong

For example:

*PSAR Trading?

When Big Boss or Boss are showing some PSAR action

my psychology fits on "PSAR TREND TRADING

If i see PSAR Boss Action

Repeat 1,000 times before you go to sleep:

Strat's PASR Long Term, Stress Free Trading
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,607
  • Sep 6, 2018 1:39am Sep 6, 2018 1:39am
Quoting strat
GBPCAD {quote} 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. {image} Worker Is this a Long PA signal? {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...
Hello Strat,
thank you for your comments in this case, When I did my research in history this case is pretty often, when S/R is settled in BB and B timeframe, but in worker before price goes away from this S/R makes this "pin bar" how non PASR trades called it, to get retailers into positions against Big boys and create liquidity for theirs opposite positions, next candle make false break and then closed as hammer.
Even if I made mistake and went short, I should close it next day because I have had to see this hammer so loss should be only few pips.

MH
  • #6,608
  • Sep 6, 2018 3:50am Sep 6, 2018 3:50am
Quoting strat
GBPCAD {quote} You obviously ignored my Post 6595!
Sorry. At the 1st time reading, I don't understand why the Hammer is a HAMMER and the explanation "experienced PASR traders" is not rigorous enough to me. So I ignored your post.

but I think it over and over again today.

My understanding is:

1- Big Boss: long tail, hammer
Boss: BUOB, confirm the Swing Low
So, the Big Boss and Boss all told us "PASR traders however, are already positioned, or are looking for long positions,"

2- the Hammer is formed at the Support pre High. So it is a valid HAMMER.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADDaily (1).png Size: 31 KB


If i am wrong, pls correct me.

thanks very much

regards

Cj
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #6,609
  • Sep 6, 2018 3:59am Sep 6, 2018 3:59am
Hey is it okay if i posted with other people indicator or technique here?
because I want to get involved here. To share information.
Profit growth tells you the trader ability.
  • #6,610
  • Sep 6, 2018 4:52am Sep 6, 2018 4:52am
Quoting voketexpert
Hey is it okay if i posted with other people indicator or technique here? because I want to get involved here. To share information.
Hi voketexpert,
Please don't post indicators or techniques that are not those specifically used here, which are understanding of PASR as per Strat's teaching, your eyes and your brain.
You may want to try anyway but your stay would definitely be short-lived.
Have a nice day
  • #6,611
  • Sep 6, 2018 5:17am Sep 6, 2018 5:17am
Quoting voketexpert
Hey is it okay if i posted with other people indicator or technique here? because I want to get involved here. To share information.
Sorry, only PASR here, do not confuse us with indicators

Thanks
MH
  • #6,612
  • Sep 6, 2018 8:27am Sep 6, 2018 8:27am
Hi Strat and team

Wanted to ask a couple things last night but got home dog tired and buried in paperwork. So this morning it is.

The knee jerk move in the Pound yesterday. I closed half of my GBPCAD position at about 170 pips. My target is way more then this. Trading a boss swing.

So Strat, In situations like this when you are trading for a bigger move and announcements like this are messing with your position, do you ignore them and let the position move as it will or do you reduce size, close??? It seems sometimes that the move is orchestrated (which will lead to my next question tonight), and at times it just throws a monkey wrench into the gears. As you have on your charts..."If Trade Is Wrong- Get Out" When do you get out? If you would at all.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,613
  • Edited 9:16am Sep 6, 2018 8:29am | Edited 9:16am
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}
EURAUD update

Actually, I shouldn't be thanking Strat, I should be apologizing to him...
He was too kind and gracious not to rip me a new one when I first posted my EURAUD H4 swing attempt but I am sure he knew that it was way too early and that a shooting star, however nice it may look, does not reverse a trend.

For those of you willing to try your hand at swing trading, my personal take is:
- bear in mind that the higher TF ALWAYS prevails, what you hope for is not what happens necessarily
- you may get a better shot at success if price CLOSES below (or above if you buy) the EMA 20 of the TF you are trading. In case you don't wait for a close above/below EMA 20, strong rejection (as illustrated on EURAUD) should be a strong warning.

Now, observe the recent BEEB on H4, it may invite to initiate a short sell BUT those of you who didn't inherit their money and gave sweat and blood for it may want to wait for a close BELOW EMA20 as well as look at how the Worker candle is going to close today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUD-Journalier.png Size: 36 KB
Click to Enlarge Name: EURAUD-4-heures.png Size: 34 KB
  • #6,614
  • Sep 6, 2018 8:30am Sep 6, 2018 8:30am
Quoting Rufus
Hi Strat and team Wanted to ask a couple things last night but got home dog tired and buried in paperwork. So this morning it is. The knee jerk move in the Pound yesterday. I closed half of my GBPCAD position at about 170 pips. My target is way more then this. Trading a boss swing. So Strat, In situations like this when you are trading for a bigger move and announcements like this are messing with your position, do you ignore them and let the position move as it will or do you reduce size, close??? It seems sometimes that the move is orchestrated...

It occurred to me that "Windfall Profits" is one area of my trading plan needs some work. How to manage them.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,615
  • Sep 6, 2018 9:03am Sep 6, 2018 9:03am
Quoting strat
PASR {quote} Sometimes i get confuse and mixed the things and is wrong For example: *PSAR Trading? When Big Boss or Boss are showing some PSAR action my psychology fits on "PSAR TREND TRADING If i see PSAR Boss Action Repeat 1,000 times before you go to sleep: Strat's PASR Long Term, Stress Free Trading
Hello Strat, i dont understand at all. Im doing wrong? For real, before i went to sleep i was repeating that haha. But today when im watching my charts, i like to see trending and going in to the trend my entries. Can you post an example of any other of your trades (that is already closed for you dont think that im looking only for copy it..), thank you.
  • #6,616
  • Sep 6, 2018 9:05am Sep 6, 2018 9:05am
Quoting Rufus
Hi Strat and team Wanted to ask a couple things last night but got home dog tired and buried in paperwork. So this morning it is. The knee jerk move in the Pound yesterday. I closed half of my GBPCAD position at about 170 pips. My target is way more then this. Trading a boss swing. So Strat, In situations like this when you are trading for a bigger move and announcements like this are messing with your position, do you ignore them and let the position move as it will or do you reduce size, close??? It seems sometimes that the move is orchestrated...
Well done Rufus, you are on fire!
1000 pips on EURJPY and now GBPCAD, bravo!
  • #6,617
  • Sep 6, 2018 9:24am Sep 6, 2018 9:24am
GBPCAD

Quoting Cj.cn
{quote} Sorry. At the 1st time reading, I don't understand why the Hammer is a HAMMER and the explanation "experienced PASR traders" is not rigorous enough to me. So I ignored your post. but I think it over and over again today. My understanding is: 1- Big Boss: long tail, hammer Boss: BUOB, confirm the Swing Low So, the Big Boss and Boss all told us "PASR traders however, are already positioned, or are looking for long positions," 2- the Hammer is formed at the Support pre High. So it is a valid HAMMER. {image} If i am wrong, pls correct me. thanks...
1- Big Boss: long tail, hammer

Maybe now is the time for you to move up to the next level to SEE BEYOND THE CANDLES instead of blindly trading candle recognition patterns like the amateurs do.

August ended with PRICE being pushed down to support which was rejected pushing PRICE back up. September PRICE is respecting the support created by the August candle.

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 55 KB


Boss: BUOB, confirm the Swing Low

PRICE confirmed support and pushed higher.

So, the Big Boss and Boss all told us "PASR traders however, are already positioned, or are looking for long positions,"

The Big Boss and Boss told us that PRICE has been held at support and is now being pushed higher.

Always think in terms of PRICE and what the Big Boys are doing with PRICE.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,618
  • Sep 6, 2018 9:26am Sep 6, 2018 9:26am
Quoting HappyTrend
{quote} Hello Strat, i dont understand at all. Im doing wrong? For real, before i went to sleep i was repeating that haha. But today when im watching my charts, i like to see trending and going in to the trend my entries. Can you post an example of any other of your trades (that is already closed for you dont think that im looking only for copy it..), thank you.
Let me explain:

This thread concerns Price Action at Support and Resistance, PASR.

You keep writing about PSAR and you are being corrected.

I've noticed this for some time in your posts but it is easy to miss because we all are looking talking about PASR and we correct subconsiously.
  • #6,619
  • Sep 6, 2018 9:27am Sep 6, 2018 9:27am
Quoting strat
PASR {quote} Sometimes i get confuse and mixed the things and is wrong For example: *PSAR Trading? When Big Boss or Boss are showing some PSAR action my psychology fits on "PSAR TREND TRADING If i see PSAR Boss Action Repeat 1,000 times before you go to sleep: Strat's PASR Long Term, Stress Free Trading
This is another example with USDCHF

BigBoss and Boss going in Swing Down.

Worker already with LOWER LOWS and SS in Red.

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf24hr.png Size: 64 KB


My 6 Hour Chart, trading with the Trend... and if i dont take take profit at Support or Resistance, when i arrive to that zone, i set my stoploss to breakeven +1 and start watching Worker Candles looking for the next Support/Resistance.

Showing the first trade and my current open second trade.

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf6hourcorrect.jpg Size: 551 KB
  • #6,620
  • Sep 6, 2018 9:29am Sep 6, 2018 9:29am
Quoting Humbucker
{quote} Let me explain: This thread concerns Price Action at Support and Resistance, PASR. You keep writing about PSAR and you are being corrected. I've noticed this for some time in your posts but it is easy to miss because we all are looking talking about PASR and we correct subconsiously.
OMG! that is correct... i dont know why im keeping writing PSAR hahah yes.. this is Price Action Support Resistance... and this is the Pure and Nature Action of the Markets.


Thank you! Yes PASR PASR PASR
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