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Strat's PASR Long Term, Stress Free Trading

  • #6,861
  • Sep 17, 2018 6:58pm Sep 17, 2018 6:58pm
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...
Me
- Too busy trying to understand everything in one go without much practicing PASR, then trade walking on water.
- Trying to trade what I heard rather than what I see based on other student opinion.
- Stay quiet when someone already pointing out what I think.
- Not patience at all.

These things need to go.
  • #6,862
  • Edited 7:32pm Sep 17, 2018 7:15pm | Edited 7:32pm
Quoting strat
Inside Candles {quote} 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

Thank you Strat

If I may do a follow up question.

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So to trade this bugger. I'm thinking dropping down to a 4h chart and entering on the candle indicated. Confirming price action? Which incidentally closed at 6am our time.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,863
  • Sep 17, 2018 7:26pm Sep 17, 2018 7:26pm
Quoting huatzhi
{quote} Me - Too busy trying to understand everything in one go without much practicing PASR, then trade walking on water. - Trying to trade what I heard rather than what I see based on other student opinion. - Stay quiet when someone already pointing out what I think. - Not patience at all. These things need to go.

Hi Huatzhi

Take the time to study to the point you see charts in your sleep. It will pay off. There is no hurry on any of this. The market will generate new positions every day.

Trying to trade what I heard rather than what I see based on other student opinion

I don't read the thread until after I have looked at all my charts and made my decisions. I don't want any bias from reading. Besides Strat may be talking about a Worker chart, me a 4hr, and you may be looking at a 15m. I will usually have orders and positions placed before I read anything. Then if someone points out something on a chart that I did not see and it invalidates the trade I close it. All this so I am looking at the charts with my own fresh eyes.

Mental discipline is what makes or breaks a trader. Each trader has to do what their mind requires to win in this game. No one size fits all.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,864
  • Sep 18, 2018 12:15am Sep 18, 2018 12:15am
[quote = strat; 11488245] EURJPY H4 {quote} Buono, ma: quale strategia PASR stai scambiando? Obiettivo: area 131.30 - 131.60 come primo TP. Come hai scelto questo? [/ Quote]

I inserted the tp on the resistance of daily chat and to satisfy my little people (even if it is not very correct to satisfy the little people).
Regards.
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Frank
  • #6,865
  • Sep 18, 2018 12:29am Sep 18, 2018 12:29am
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!
Sadly not Scottish, but I knew ( not as in the biblical sense) a beautiful Scottish girl, she was from the posh side of Glasgow, I could tell because all her tattoos wer spelt correctly.
That shooting star (bond candle?) used to be the bane of my life, but I know dont take the info from the candle in isolation, I consider it in the context of all three time frames, and make a decision based on that. So that candle I ignored.
  • #6,866
  • Sep 18, 2018 4:37am Sep 18, 2018 4:37am
GBP/JPY H1
looking to short the pair after a BEEB near a resistance area.
Waiting for further confirmation of an initiation of a downtrend towards the next support at around 144.4
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appreciate comments about the analysis of the pair
  • #6,867
  • Sep 18, 2018 4:57am Sep 18, 2018 4:57am
Quoting Rub
{quote} If you entered on that nice BUOB from below the 20EMA closing above, that's an excellent entry.
Hi Rub thank you man. Ya, you right. i mistakenly assessed the Outside Bar.
Profit growth tells you the trader ability.
  • #6,868
  • Sep 18, 2018 7:13am Sep 18, 2018 7:13am
AUDUSD - something has to give

But the Boss is not ready yet...
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  • #6,869
  • Sep 18, 2018 7:22am Sep 18, 2018 7:22am
Hi strat and other members,
Finally I reach the Post #2734 where Strat advise me to read learn and understand The PATH (Old and new thread).IT takes 6 month to read and understand the whole thread, below is some point which is learn on PATH.

  1. Trend line (SR) : Zoom out the chart and draw trend line on important area start from Big Boss,Boss and Worker and trade in the direction of BB.
  2. Price Action(PA):Once draw the trend line in BB,B, and worker trend line SEE what market action on that zone with the help of Hammer,SS, BEOB/BUOB, BEEB/BUEB.
  3. Power of Time frame: Always try to get direction from Big Boss and trade in worker when all three time frame are in the same direction.
  4. Strat Shadow: 20 and 72 EMA which helping to recognize the direction,Rubber band effect,consolidation, momentum etc.
  5. Money Management : Risk reward ratio must be higher 1:2 and above and in lower time frame it will be higher.
  6. Entry: Avoid sell on support and buy on resistance,Near 2o EMA with special reversal bar like Shooting star,Hammer etc.
  7. Exit : price reached SR, special reversal bar appear.
  8. Psychology: Plan the trade and trade the plan to deal with LITTLE PEOPLE,Fear, greed etc.

In New thread:
M5 Trend trading:SEE the clear direction with the help of Strat shadow, Mark trend lines in H4,H1 and trade at Hard Right Edge with PASR.

PASR M5 trading: this is same thing which thought in old thread difference is only time frame in old thread there is Monthly, weekly and daily time frame here we assume H4 as our big boss and H1 our boss and M15 is our worker and trade in M5,Draw trend line from Big boss, boss and worker and when all three time frame are in same direction and harmony use PASR and trade accordingly.

Above is only some point and there is still 207 page remaining to read here. currently I am marking SR zone, SEEING Strat shadow and special reversal bar on chart.I am dedicated to do revision of old thread and side by side practice on chart till year end and if comfortable next year I will trade with smallest position.
Strat and other member are feel free to advise me.
(Pardon on english )

Thank You.
$

Newbie
  • #6,870
  • Sep 18, 2018 8:14am Sep 18, 2018 8:14am
Can anyone remember when Trump first initiated the trade war with China?
I need to see when charts started to react to it
Thanks
  • #6,871
  • Sep 18, 2018 8:16am Sep 18, 2018 8:16am
Quoting darko2010
Can anyone remember when Trump first initiated the trade war with China? I need to see when charts started to react to it Thanks
https://en.wikipedia.org/wiki/Trump_tariffs
  • #6,872
  • Sep 18, 2018 8:19am Sep 18, 2018 8:19am
Quoting bistolis
{quote} https://en.wikipedia.org/wiki/Trump_tariffs
Thanks !!!

Around early July for China
  • #6,873
  • Sep 18, 2018 8:55am Sep 18, 2018 8:55am
Quoting alexisgallo
GBP/JPY H1 looking to short the pair after a BEEB near a resistance area. Waiting for further confirmation of an initiation of a downtrend towards the next support at around 144.4{image}{image} appreciate comments about the analysis of the pair
We don't pick tops and bottoms with PASR and the Strat Shadow. We follow trends. Traders on this thread are entering long on the candle indicated on my chart.

May have snatched up a 2:1

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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,874
  • Sep 18, 2018 9:18am Sep 18, 2018 9:18am
GBPJPY H4

Quoting Rufus
{quote} Thank you Strat If I may do a follow up question. {image} {image} So to trade this bugger. I'm thinking dropping down to a 4h chart and entering on the candle indicated. Confirming price action? Which incidentally closed at 6am our time.
Experienced PASR traders would enter on the blue arrows. More conservative PASR traders would have entered after PRICE closed above near term resistance.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,875
  • Sep 18, 2018 9:28am Sep 18, 2018 9:28am
THE PATH - PASR

Quoting huatzhi
{quote} Me - Too busy trying to understand everything in one go without much practicing PASR, then trade walking on water. - Trying to trade what I heard rather than what I see based on other student opinion. - Stay quiet when someone already pointing out what I think. - Not patience at all. These things need to go.
In addition to the comments from Rufus, at least you are able to identify your failings (weakness) so work on these and correct them.

Too busy trying to understand everything in one go

Not even I can do this and I developed PASR! As I have posted many times, read, learn and UNDERSTAND one topic then practice it by posting and becoming competent THEN, and only THEN, move on to the next topic. Take your time; be the tortoise, not the hare, the Markets will still be here long after we are all gone.

Again, use JCMPete as your role model and don't be discouraged.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,876
  • Sep 18, 2018 9:41am Sep 18, 2018 9:41am
EURJPY H4

Quoting windofmarch
[quote = strat; 11488245] EURJPY H4 {quote} Buono, ma: quale strategia PASR stai scambiando? Obiettivo: area 131.30 - 131.60 come primo TP. Come hai scelto questo? [/ Quote] I inserted the tp on the resistance of daily chat and to satisfy my little people (even if it is not very correct to satisfy the little people). Regards. {image}
But you never answered this:

Which PASR strategy are you trading?

I inserted the tp on the resistance of daily chart and to satisfy my little people

If your goal was to satisfy your Little People then you would have taken profit on the LATEST Worker resistance. While PRICE ""may"" reach your target, the probability of reaching it is getting lower with the odds against it increasing. Make sure you are not in ""GREED"" mode.

(even if it is not very correct to satisfy the little people)

We always, ALWAYS have to satisfy our Little People otherwise they will sabotage us.

Are you trading a LIVE account with real, hard earned money or paper trading?

Good job and thanks for posting, Frank.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,877
  • Sep 18, 2018 9:44am Sep 18, 2018 9:44am
Quoting strat
GBPJPY H4 {quote} Experienced PASR traders would enter on the blue arrows. More conservative PASR traders would have entered after PRICE closed above near term resistance. {image}
Thank you for your time Strat.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,878
  • Sep 18, 2018 10:03am Sep 18, 2018 10:03am
EURUSD M15

Quoting pippoacher
{quote} Sadly not Scottish, but I knew ( not as in the biblical sense) a beautiful Scottish girl, she was from the posh side of Glasgow, I could tell because all her tattoos wer spelt correctly. That shooting star (bond candle?) used to be the bane of my life, but I know dont take the info from the candle in isolation, I consider it in the context of all three time frames, and make a decision based on that. So that candle I ignored.
she was from the posh side of Glasgow, I could tell because all her tattoos were spelt correctly!

My type of humour!

That shooting star (bond candle?) used to be the bane of my life, but I NOW don't take the info from the candle in isolation, I consider it in the context of all three time frames, and make a decision based on that. So that candle I ignored.

Well, you have a very good understanding of PASR - good for you! Did you take profit at London CLOSE?

So, if you have a skirt and don't wear a kilt, does that make you a ........................ or are you pulling my plonker?
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,879
  • Sep 18, 2018 10:06am Sep 18, 2018 10:06am
AUDUSD

Quoting darko2010
AUDUSD - something has to give But the Boss is not ready yet... {image} {image} {image}
Not to mention the Big Boss but PRICE is getting there, slowly but surely.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,880
  • Sep 18, 2018 10:13am Sep 18, 2018 10:13am
PASR

Quoting shad4u2
Hi strat and other members, Finally I reach the Post #2734 where Strat advise me to read learn and understand The PATH (Old and new thread).IT takes 6 month to read and understand the whole thread, below is some point which is learn on PATH. Trend line (SR) : Zoom out the chart and draw trend line on important area start from Big Boss,Boss and Worker and trade in the direction of BB. Price Action(PA):Once draw the trend line in BB,B, and worker trend line SEE what market...
Good job, young man. Don't worry about your English, it is way better than my Hindi.

I SEE you are still subscribed to wiggly, squiggly line threads - if you are using these as a crutch, you will NEVER learn PASR

Reading and writing is good but the real test is DOING so you might want to start looking at Basic PASR trades.
15 YEARS OF PASR ON FOREX FACTORY!
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