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Strat's PASR Long Term, Stress Free Trading

  • #6,841
  • Sep 17, 2018 11:00am Sep 17, 2018 11:00am
PASR

Quoting brian661
Weekly report This week just enter two trade, but no profit is taken. AUDZND H4 A retest of resistance at the resistance area, where it formed a long shooting start at the last swing. entered at the small shooting start at the blue arrow. {image} GBPNZD H4 A strong bullish candle broke the weekly resistance at the beginning of the week. Waiting for the PA at support or Strat shadow and finally entered at the blue arrow. {image} While I found myself buying and selling NZD, although both are in profit, am I doing a mistake?
While I found myself buying and selling NZD, although both are in profit, am I doing a mistake?

No, as long as you are TRADING WHAT YOU SEE on each individual pair rather than trading the fundamentals of NZD alone.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,842
  • Sep 17, 2018 11:03am Sep 17, 2018 11:03am
PASR

Quoting HappyTrend
{quote} I remember that i ask about the "CORRELATIONS" to strat.... EACH CHART IS UNIQUE, TRADE WHAT U ARE WATCHING
Exactly HT!

TRADE WHAT YOU SEE on each individual pair rather than trading the fundamentals of any single currency.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,843
  • Sep 17, 2018 11:20am Sep 17, 2018 11:20am
AUDUSD

Excellent comments from:

Rufus
macuba
Rub
Svolacius
landax
JCMPete

Where are the comments from all the other students?

Just to reinforce those comments:

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 60 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,844
  • Edited 12:25pm Sep 17, 2018 11:36am | Edited 12:25pm
PASR

Quoting JCMPete
{quote} Hi Suran I do not think your analysis is wrong. In fact, right now based on face value I am in agreement that south is the way to go (and I was all set to place a short on the worker) but landax is raising a very valid point about the congestion that needs to be navigated before we will be in safe trade currents. That being said I also think we need to be considering Dr Joe, Blackeagle and especially Trogger within the framework of PASR... (trying to see beyond the candles) Dr Joe says - the trend ain't over until she turns around Blackeagles'...
My, you are good, Pete!

That being said I also think we need to be considering Blackeagle
Blackeagles' Trend lines confirms what Dr Joe lived to do...
My view for what it is worth would be following what I think the BlackEagle to PASR...

IGNORE all comments and posts from him!

This extract of thousands of thread posts should tell you why

Attached Image


Also be careful with trogger's trades. While trogger is very good with PASR he has a trading style which may not be suitable to all PASR traders. He is prepared to sit through draw down on his account until his positions become profitable or until his pain of losing gets too great.

Sorry, this might be a bit of a waffle but then... how will I know if I am an not an ass unless I start braying...?

Please continue with this what you consider ""waffle"" - I, and others most certainly don't!
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,845
  • Edited 12:07pm Sep 17, 2018 11:46am | Edited 12:07pm
Inside Candles

Quoting Rufus
Hi Strat and team Going through my charts I found an inside candle I missed last week. Valid setup Strat? Still training my brain cell to not miss these things. {image}
Experience and profitability over all these years has caused me to change my trading of inside candles.

I now only trade inside candles at Support and Resistance with confirming Price Action.

I no longer trade inside candles ""floating"" in the middle of Basic PASR, Swing PASR or Trend PASR
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,846
  • Sep 17, 2018 12:07pm Sep 17, 2018 12:07pm
Strat University?

Quoting Radhe2209
{quote} Hi everyone Just wanted to echo Suran - love this Strat university! At the same time, my analysis is exactly the same- that if BB is saying one direction, others WILL follow (according to what I've learnt here so far). I know PASR is the only relevant "force" considered here BUT current fiscal environment (with US rates likely to rise this month) is certainly going to be a contributing factor going forward. Thanks guys for a really useful, meaningful and educating discussion. .btw I have already dipped a toe in, as I have been trading...
Just wanted to echo Suran - love this Strat University!

Thank you. I never thought of it as such but you are right!

BUT current fiscal environment (with US rates likely to rise this month) is certainly going to be a contributing factor going forward.

I used to think that way a long time ago.

At the risk of offending the ""funnymentalists"", I could never make that profitable for me. This is not to say that specialist ""funnymentalists"" are not profitable.

I have since been told by Professional Traders, Asset Managers of Investment Banks and Hedge Fund Managers, that ALL ""funnymentals"" are already factored into our Futures and Forex PRICE charts and not to consider ""funnymentals"".

Having written that, I do know of 2 Professional Traders who trade very short time frame ""funnymentals"" using expensive news feeds.

I also love the simplicity of Dr Joe - Dr Joe says - the trend ain't over until she turns around

That is paraphrasing Dr. Joe but the message is clear and SIMPLE - however, applying it is not as easy as it seems - even in rip - roaring trends!
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,847
  • Sep 17, 2018 12:22pm Sep 17, 2018 12:22pm
EURUSD M15

Quoting pippoacher
Ok So I had a gap at work and decided to lift my skirt and post my trade. It is a small trade on the 15min TF Eur/Usd. Entry On the break of the bullish hammer, and Tp at the resistance from Friday. Trade is still running so lets see. Risk Is slightly more than 2% , Reward to risk is 5/1. Almost as good as the 10/1 I got on the boks thumping the All Blacks.. Trogger if you there mate.... {image}
decided to lift my skirt

Now you have got my imagination running! Are you like me, of a Scottish father and wear kilts?

Excellent entry on the Hammer - you have been paying attention to my Hammer and Shooting Star posts!

What did you do at the Shooting Star in the blue rectangle on the attached chart?

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 52 KB


boks thumping the All Blacks.. Trogger if you there mate

Probably drowned himself in his craft beers!
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,848
  • Sep 17, 2018 12:56pm Sep 17, 2018 12:56pm
EUR / JPY 4h Chart

This morning I entered long on retracement of the bullish bar (almost a BUOB) and the BUOB, with the weekly in my favor.
I await a retracement with PA to add positions.
Objective: area 131.30 - 131.60 as the first TP.
Greetings to Strat and to all the students.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.H4.png Size: 26 KB
Frank
  • #6,849
  • Sep 17, 2018 1:04pm Sep 17, 2018 1:04pm
Quoting Nsn
{quote} Dear JCMPete, Can you share "PRICE MA COLOR FILL" indicator for FXCM Trading station, please? Thank you very much, NSN
Hi NSN

I tried uploading the file but I get an error indicating that .lua file types are not supported.

Sorry
Pete
  • #6,850
  • Sep 17, 2018 1:17pm Sep 17, 2018 1:17pm
Quoting strat
EURJPY {quote} Suggest you re-visit what PASR is again: PRICE can do 3 things at SR: NOTHING - go sideways in a range/consolidation CLOSE below it CLOSE above it Until that happens, we PATIENTLY WAIT.
Thanks for the lesson, but I'm still learning. I put as much effort as I can, but it is not enough yet.
Best regards.
Frank
  • #6,851
  • Sep 17, 2018 1:29pm Sep 17, 2018 1:29pm
Quoting strat
PASR {quote} My, you are good, Pete! That being said I also think we need to be considering Blackeagle Blackeagles' Trend lines confirms what Dr Joe lived to do... My view for what it is worth would be following what I think the BlackEagle to PASR... IGNORE all comments and posts from him! This extract of thousands of thread posts should tell you why {image} Also be careful with trogger's trades. While trogger is very good with PASR he has a trading style which may not be suitable to all PASR traders. He is prepared to sit through draw down on his...
Hi Strat

Thank you for your kind comments. Blackeagle and Trogger - Noted. And I will continue "waffling" :-)

Regards
Pete
  • #6,852
  • Sep 17, 2018 1:57pm Sep 17, 2018 1:57pm
GBP/JPY with S/R pull back after retracement.
I think it is pretty easy to guess. GBP jpy in a nice trend pattern.
correct me if im wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture2.JPG Size: 137 KB
Profit growth tells you the trader ability.
  • #6,853
  • Sep 17, 2018 2:40pm Sep 17, 2018 2:40pm
Quoting pippoacher
{quote} Its wobbling and consolidating in that exact area right now. I need to train my eyes to see less congested areas of s/r and take them into account, I often overlook this but am improving.
Note from Strat's post: that 'wobble' zone is the 200 EMA on both sides of your entry.

To answer Strat's question, I would probably have panicked and bolted because my exits are one of the things i'm currently trying to deal with.
  • #6,854
  • Sep 17, 2018 2:45pm Sep 17, 2018 2:45pm
Quoting voketexpert
GBP/JPY with S/R pull back after retracement. I think it is pretty easy to guess. GBP jpy in a nice trend pattern. correct me if im wrong. {image}
If you entered on that nice BUOB from below the 20EMA closing above, that's an excellent entry.
  • #6,855
  • Sep 17, 2018 2:48pm Sep 17, 2018 2:48pm
Quoting voketexpert
GBP/JPY with S/R pull back after retracement. I think it is pretty easy to guess. GBP jpy in a nice trend pattern. correct me if im wrong. {image}
You are very late with that buy... In my point of view, you are Wrong.
  • #6,856
  • Sep 17, 2018 2:49pm Sep 17, 2018 2:49pm
Quoting Rub
{quote} If you entered on that nice BUOB from below the 20EMA closing above, that's an excellent entry.
His entry is at the top. But anyway i think Strat is going to ignore him... Im Very sure that He didnt read all the Thread.
  • #6,857
  • Sep 17, 2018 3:00pm Sep 17, 2018 3:00pm
Quoting strat
AUDUSD Excellent comments from: Rufus macuba Rub Svolacius landax JCMPete Where are the comments from all the other students? Just to reinforce those comments: {image}
These comments are a little late to the party but not too late.
Using Strat's posting on the importance of most recent S/R levels, I set the Big Boss most recent swing high and previous swing low as top and bottom of that range.
Based on these levels, price should go down to level marked with green horizontal line on Big Boss after zig zagging on Boss and worker since the beginning of this year.
A thing of beauty actually following Strat's methodology providing over 800 pips so far. Based on this, there is still about 160 pips left before the dance is over, so look for low time frame entries to get to final support.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDMonthly.png Size: 52 KB
Click to Enlarge Name: audusdweekly.PNG Size: 54 KB
Click to Enlarge Name: audusddaily.PNG Size: 56 KB
  • #6,858
  • Sep 17, 2018 3:28pm Sep 17, 2018 3:28pm
Quoting JCMPete
{quote} Hi NSN I tried uploading the file but I get an error indicating that .lua file types are not supported. Sorry Pete

Hi JCMPete,

Can you just zip it (put that .lua file into archive or just change .lua extension to .txt ) and try again please?

Thank you,
NSN
  • #6,859
  • Sep 17, 2018 5:32pm Sep 17, 2018 5:32pm
Quoting strat
EURUSD M15 {quote} decided to lift my skirt Now you have got my imagination running! Are you like me, of a Scottish father and wear kilts? Excellent entry on the Hammer - you have been paying attention to my Hammer and Shooting Star posts! What did you do at the Shooting Star in the blue rectangle on the attached chart? {image} boks thumping the All Blacks.. Trogger if you there mate Probably drowned himself in his craft beers!
I had the exact same thing in mind Strat.... no sure what I would have done on that cracker of a shooting star??

Btw...re All Blacks ... just a small hitch!!! Yes I'm down under- but def Kiwi when it comes to rugby!
  • #6,860
  • Sep 17, 2018 5:43pm Sep 17, 2018 5:43pm
EURJPY H4

Quoting windofmarch
EUR / JPY 4h Chart This morning I entered long on retracement of the bullish bar (almost a BUOB) and the BUOB, with the weekly in my favor. I await a retracement with PA to add positions. Objective: area 131.30 - 131.60 as the first TP. Greetings to Strat and to all the students. {image}
Good, but:

What PASR strategy are you trading?

Objective: area 131.30 - 131.60 as the first TP.

How did you select this?
15 YEARS OF PASR ON FOREX FACTORY!
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