Strat's PASR Long Term, Stress Free Trading | Page 355 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MY PASR journey Based on Strat's PASR Trading 76 replies

M5 PASR Trend Trading Strat 95 replies

My PASR Trend Trading Journals 3 replies

A young trader's road to profitability - PASR trading - Live 11 replies

Fibs trading and PASR 0 replies

Attachments: Strat's PASR Long Term, Stress Free Trading
Exit Attachments

Strat's PASR Long Term, Stress Free Trading

  • #7,081
  • Sep 24, 2018 2:52pm Sep 24, 2018 2:52pm
Quoting landax
{quote} Hi BTS, it seems to me that many of us did not understand your graphic with the swing confirmed, for me on this graph, there is no confirmed swing, they are in the lower delays however. Is that what you wanted to show?
Thank you for your question.
Apart from wanting to quote Phil Lynott because it was Friday night you mean?
I chart swings on 4hr, Worker, Boss and Big Boss. I turn off auto scroll on MT4 and shift right to simulate the market bar by bar. When I have completed a timeframe I zoom out and look at it in all timeframes. I then do it the other way around using the higher timeframes and zoom in on the lower timeframes.
Being an anologue man trapped in a digital world this is the best version of my A to Z road map of the pair I’m working on.
Turn the sat nav off and pull out the maps.
By DOING something with my charts I hope it helps some kind of osmosis of what I THINK I’m learning about all of this.
Of course you could drop by Dinos bar and grill instead...
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #7,082
  • Sep 24, 2018 3:39pm Sep 24, 2018 3:39pm
Quoting strat
PASR M5 PASR Trend Trading {quote} I am not sure what your time zone is and whether you are at your charts on the candles I have identified with blue arrows. Sorry for the different thickness and shapes - they mean nothing except MS "Paint" is not very good. Take note of the blue rectangle on each pair - you ""should"" understand what they are telling you The red rectangle is where I would have taken profit had I traded at these times which I cannot as I am in Pacific Daylight Time. Fear of missing out syndrome How do you expect to be ""consistently...
Thanks for the reply, Strat!

About thread hoping, actually I am hopping from there to here, not the other way around. But that thread has been my home for many years, and I simly cannot forget that, and neither the traders who helped me there.

About squiggly lines, no way! I am trading naked charts for a lot of time. I haven't been using indicators in quite a while, as I know reading price is better than reading an indicator who, in turn, reads price. It is like driving a car and waiting for the person on the right to tell you what he/preferably she ( ) sees on the road, instead of using your own eyes to watch the road and to see for yourself when it is best taking the turns.

About the blue rectangles, I have made some notes on the charts you edited, and I used a red circle on one of your arrows, because I want to ask why that would be a good entry, since it is right under the resistance. That screws up the R:R big time. The only answer I could find is if my resistance was drawn incorrectly. Other than that, I have no clue why one would enter a few pips away from the resistance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xxx gj.png Size: 83 KB
Click to Enlarge Name: xxxgu.PNG Size: 78 KB
Click to Enlarge Name: xxx.PNG Size: 87 KB
Click to Enlarge Name: xxxgc.PNG Size: 73 KB
  • #7,083
  • Sep 24, 2018 3:42pm Sep 24, 2018 3:42pm
Quoting Rub
{quote} If you are trying to trade like fxrabbi, look carefully at his charts. He only enters on a close that makes a new high or low, otherwise I think strat has covered it.
Hi, Rub!

Yes, he is a trader that I follow with great interest. I agree with you, a new high/low (and candle close) defines a trending market. And he enters when that high/low is above/under the resistance/support.
  • #7,084
  • Sep 24, 2018 3:50pm Sep 24, 2018 3:50pm
Quoting catalin_eros
{quote}
this reminds me of the swing failure in a trend
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 117 KB
  • #7,085
  • Sep 24, 2018 4:58pm Sep 24, 2018 4:58pm
PASR M5 Trend Trading

Quoting catalin_eros
{quote} Thanks for the reply, Strat! About thread hoping, actually I am hopping from there to here, not the other way around. But that thread has been my home for many years, and I simly cannot forget that, and neither the traders who helped me there. About squiggly lines, no way! I am trading naked charts for a lot of time. I haven't been using indicators in quite a while, as I know reading price is better than reading an indicator who, in turn, reads price. It is like driving a car and waiting for the person on the right to tell you what he/preferably...
But that thread has been my home for many years, and I simply cannot forget that, and neither the traders who helped me there.

OK, unless you were an absolute clueless rookie trader, the only thing I SEE you could have learned there was how to trade wiggly, squiggly lines and Heineken Ashi candles. After the OP passed away and the thread was hijacked by everyone and his uncle, who know as much about consistently profitable trading as my little toe nail, the only worthwhile traders on there now, who occasionally visit, and like everyone else, do so for the "Comedy" on there, are Cable Guy, Divergence and jmn5611 - so why keep going back there? (unless, like the rest of us, you go back for a laugh).

The blue rectangles are our FIRST indication of the trend, then we WAIT for the FIRST PASR pull back to the TREND to be supported by the Strat Shadow

red circle on one of your arrows, because I want to ask why that would be a good entry, since it is right under the resistance.

Watch, study and LEARN how PRICE behaves around the Strat Shadow in a TREND

The only answer I could find is if my resistance was drawn incorrectly. Other than that, I have no clue why one would enter a few pips away from the resistance.

That is because you have NO focus on PASR let alone PASR Trend Trading.

You also should study Yomi's (fxrabbi) style of trading my M5 PASR Trend Trading strategy which, although the same strategy, his method of entry is different, but STILL VERY profitable.

He FOCUSED on M5 PASR Trend Trading, studied and learned how PRICE behaves around the Strat Shadow in a TREND and then tweaked his entries and exits to suit his style and circumstances.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,086
  • Sep 24, 2018 5:27pm Sep 24, 2018 5:27pm
Quoting strat
EURAUD M15 PASR Trend Trading 50 pips {quote} The 50 pips ""banking machine"" at work. Nicely done, Yomi
Thank you the great One.
Time always comes before price
  • #7,087
  • Sep 24, 2018 5:32pm Sep 24, 2018 5:32pm
Quoting Rub
{quote} If you are trying to trade like fxrabbi, look carefully at his charts. He only enters on a close that makes a new high or low, otherwise I think strat has covered it.
Learnt that from the Master himself....... Thank you Strat, for your guidance here.
Time always comes before price
  • #7,088
  • Sep 24, 2018 6:48pm Sep 24, 2018 6:48pm
Hi Strat and guys,

I feel like I found a good anti trend trade on CHFJPY. However, I am not trading it because it is anti-trend, and I am not experience enough to do so.

BB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot7.png Size: 138 KB


It resisted by 117 twice before, currently is the third.

B
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot8.png Size: 171 KB


Boss follow.

W
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot10.png Size: 176 KB


A shooting star and next candle closing below it confirming the shooting star.
Nothing around left of the shooting star.
Good RR as well.

It looks very obvious to me, or may be I'm just too wanting to trade?
  • #7,089
  • Sep 24, 2018 7:18pm Sep 24, 2018 7:18pm
Quoting huatzhi
Hi Strat and guys, I feel like I found a good anti trend trade on CHFJPY. However, I am not trading it because it is anti-trend, and I am not experience enough to do so. BB {image} It resisted by 117 twice before, currently is the third. B {image} Boss follow. W {image} A shooting star and next candle closing below it confirming the shooting star. Nothing around left of the shooting star. Good RR as well. It looks very obvious to me, or may be I'm just too wanting to trade?

Hi Huatzhi,


That Shooting Star looks nice, If not CHF pair we could have played it as Basic PASR trade (as per my understanding) . Better stay out of CHF pairs. I don't even watch them.Not even for training purposes.

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #7,090
  • Sep 25, 2018 12:39am Sep 25, 2018 12:39am
Quoting huatzhi
Hi Strat and guys, I feel like I found a good anti trend trade on CHFJPY. However, I am not trading it because it is anti-trend, and I am not experience enough to do so. BB {image} It resisted by 117 twice before, currently is the third. B {image} Boss follow. W {image} A shooting star and next candle closing below it confirming the shooting star. Nothing around left of the shooting star. Good RR as well. It looks very obvious to me, or may be I'm just too wanting to trade?
Personally I agree with you, that is not a trade to take. Bear in mind too, that the swiss national bank likes to manipulate their currency. You're better off looking at another yen pair.
  • #7,091
  • Sep 25, 2018 4:25am Sep 25, 2018 4:25am
Quoting menek
{quote} With your stoploss at S/R or swing, Do close the trade when price moving against you? Or you hold till stoploss is hit ( fixed sl & tp)
If the price goes against me once I enter the enter, I will still hold my position until the stop loss is hit, which is 1% of my account size.
While is the trade got an 100 pips, I will move my stop loss to break even.
When the price is almost at the support / resistance area, and PA happened, I will close the position. (While some times my little people stop me from doing it, still trying to trade mentally.)

In the strat template, you can see "If trade is wrong -- GET OUT".
This will be also a topic I think we need to master, to knowing you are wrong and accepting the loss,
which I am also learning with.
  • #7,092
  • Sep 25, 2018 6:45am Sep 25, 2018 6:45am
Quoting Suran
{quote} Hi Huatzhi, That Shooting Star looks nice, If not CHF pair we could have played it as Basic PASR trade (as per my understanding) . Better stay out of CHF pairs. I don't even watch them.Not even for training purposes. Suranga
Thanks for reminding that I forgot to remove CHF pairs from my watch list after reading Post 6632. I will do it now.
  • #7,093
  • Sep 25, 2018 7:11am Sep 25, 2018 7:11am
Quoting bistolis
{quote} this reminds me of the swing failure in a trend {image}
It is nice seeing you here, old friend.

Quoting strat
PASR M5 Trend Trading {quote} But that thread has been my home for many years, and I simply cannot forget that, and neither the traders who helped me there. OK, unless you were an absolute clueless rookie trader, the only thing I SEE you could have learned there was how to trade wiggly, squiggly lines and Heineken Ashi candles. After the OP passed away and the thread was hijacked by everyone and his uncle, who know as much about consistently profitable trading as my little toe nail, the only worthwhile traders on there now, who occasionally visit,...
Thank you for the reply and for the valuable explanations, Strat!

Although I do not agree with your opinion about that thread, I completely accept it and respect it. I know that when I am dealing with a smarter person than myself, the best thing to do is to shut my mouth and listen, as I may learn valuable lessons and things from that person.

I have just taken a M5 PASR trend trading trade, as this morning I was not at PC. Only 13 pips, I exited once the bearish hanging man appeared. I know it does not mean much to you, but in my higher time frame trading, it is a pattern that I always include. Therefore, I used it on M5 as well. I marked the PA candle, a BUOB which seemed to had found support at the confluence of Strat Shadow and H4 support.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM5.png Size: 89 KB

I was also looking at EC, a PA signal with the breakout and close above the Master Candle, where the 200 ema and the H4 support seemed to hold and reject price. But because the Strat Shadow was broken, that kept me out of the trade. I am under the impression that I may have acted wrongly.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM5.png Size: 62 KB
  • #7,094
  • Sep 25, 2018 8:57am Sep 25, 2018 8:57am
Quoting catalin_eros
{quote} It is nice seeing you here, old friend. {quote} Thank you for the reply and for the valuable explanations, Strat! Although I do not agree with your opinion about that thread, I completely accept it and respect it. I know that when I am dealing with a smarter person than myself, the best thing to do is to shut my mouth and listen, as I may learn valuable lessons and things from that person. I have just taken a M5 PASR trend trading trade, as this morning I was not at PC. Only 13 pips, I exited once the bearish hanging man appeared. I know...
Hi catalin_eros,

If you know, you won't be at your PC, please don't trade M5. I believe Strat has said this repeatedly. This is the more reason why I stop trading M5, because of my limited time now.

Happy Trading,
Yomi.
Time always comes before price
  • #7,095
  • Edited 1:31pm Sep 25, 2018 9:48am | Edited 1:31pm
PASR

Quoting catalin_eros
{quote} It is nice seeing you here, old friend. {quote} Thank you for the reply and for the valuable explanations, Strat! Although I do not agree with your opinion about that thread, I completely accept it and respect it. I know that when I am dealing with a smarter person than myself, the best thing to do is to shut my mouth and listen, as I may learn valuable lessons and things from that person. I have just taken a M5 PASR trend trading trade, as this morning I was not at PC. Only 13 pips, I exited once the bearish hanging man appeared. I know...
I was also looking at EC, a PA signal with the breakout and close above the Master Candle

DO NOT POST ANYTHING ON HERE OTHER THAN PASR

DO NOT POST MASTER CANDLE STRATEGY CRAP ON HERE

PASR TRADERS USE PASR AND DO NOT NEED TO WORRY ABOUT WORKING OUT WHICH IS A ""MASTER CANDLE""

You are in ""Last Chance"" saloon, Romanian Playboy!

If ONLY you would learn PASR, you would not need all your CRAP from the ""other"" thread!

If ONLY you would learn PASR, you would have UNDERSTOOD a VERY IMPORTANT PRICE level - see the green rectangle

If ONLY you would learn PASR, you would UNDERSTAND EVERYTHING in the blue rectangle.

If ONLY you would learn PASR, you would know there is a much more important PRICE level than the blue line you identified.

If ONLY you would treat trading as a business instead of your play hobby, your chances of becoming a consistently profitable trader would increase.

THIS IS PASR - DO NOT POST ANYTHING ON HERE OTHER THAN PASR

You are in ""Last Chance"" saloon, Romanian Playboy!

But that thread has been my home for many years

You may wish to take ET's advice and go there and stay there.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM5.png Size: 83 KB


Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 38 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,096
  • Sep 25, 2018 10:48am Sep 25, 2018 10:48am
CHFJPY

Quoting huatzhi
Hi Strat and guys, I feel like I found a good anti trend trade on CHFJPY. However, I am not trading it because it is anti-trend, and I am not experience enough to do so. BB {image} It resisted by 117 twice before, currently is the third. B {image} Boss follow. W {image} A shooting star and next candle closing below it confirming the shooting star. Nothing around left of the shooting star. Good RR as well. It looks very obvious to me, or may be I'm just too wanting to trade?
You have received constructive comments from Suranga and Rub so take note of them.

Thank you Suranga and Rub for helping your fellow trader - TRADERS HELPING TRADERS

PASR traders do NOT trade CHF pairs for the reason posted many times.

So, for practice purposes only:

I feel like I found a good anti trend trade on CHFJPY.

First there is no ""trend"" on the Big Boss to trade ""counter trend""

What we SEE on the Big Boss is PRICE ranging from BRN 102 to BRN 118 so we would trade BASIC PASR from resistance to support between the dashed lines

Attached Image (click to enlarge)
Click to Enlarge Name: b.PNG Size: 47 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,097
  • Sep 25, 2018 12:33pm Sep 25, 2018 12:33pm
Quoting strat
PASR {quote} I was also looking at EC, a PA signal with the breakout and close above the Master Candle DO NOT POST ANYTHING ON HERE OTHER THAN PASR DO NOT POST MASTER CANDLE STRATEGY CRAP ON HERE PASR TRADERS USE PASR AND DO NOT NEED TO WORRY ABOUT WORKING OUT WHICH IS A ""MASTER CANDLE"" You are in ""Last Chance"" saloon, Romanian Playboy! If ONLY you would learn PASR, you would not need all your CRAP from the ""other"" thread! If ONLY you would learn PASR, you would you have UNDERSTOOD a VERY IMPORTANT PRICE level - see the green rectangle If...
Hi, Strat!

Thank you for the explanations and for the warning! In my defense, I wish to state that I posted about that type of formation because when I first interacted with it and learned about it, it was and still is presented as price action. And I remember posting a chart with it some time before (on my higher time frame naked trading), and you did not seem to have a problem with it then, so I was under the impression you are ok with it now as well. But that is no problem for me, because now that I know you do not like it, I can easily follow the rules of your thread, it is fine with me.

In your drawn blue rectangle, I think the lesson for me is that your marked candle marks the impulse move and, for me, the entry would have been two candles later, on the BUOB, which retested the shallow line of the Strat Shadow.

Quoting fxrabbi
{quote} Hi catalin_eros, If you know, you won't be at your PC, please don't trade M5. I believe Strat has said this repeatedly. This is the more reason why I stop trading M5, because of my limited time now. Happy Trading, Yomi.
Hi, Yomi!

I understand what you mean. Thank you, and happy trading to you, too!
  • #7,098
  • Sep 25, 2018 1:12pm Sep 25, 2018 1:12pm
XAUUSD GOLD

If only my broker had gold!

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 58 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,099
  • Sep 25, 2018 1:16pm Sep 25, 2018 1:16pm
XAGUSD SILVER

If only my broker had silver

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 52 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,100
  • Sep 25, 2018 1:25pm Sep 25, 2018 1:25pm
WTI CRUDE OIL

Looks like we should be expecting the smelly greasy stuff to be down around BRN 22 in the future

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 29 KB
15 YEARS OF PASR ON FOREX FACTORY!
3 traders viewing now