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Strat's PASR Long Term, Stress Free Trading

  • #7,181
  • Sep 28, 2018 7:07am Sep 28, 2018 7:07am
Quoting bistolis
{quote} hi I have no idea. all that I have posted, I am using on a demo account with MT4. my live account is on Jforex and I use only the strat shadow {image}
No problem. Was just curiosity, as that topic came up here.
  • #7,182
  • Sep 28, 2018 7:22am Sep 28, 2018 7:22am
Quoting bistolis
{quote} on upper left corner of MT4 platform: File -> open data folder -> MQL4 -> indicators restart the platform and add whatever indicator you want {image} and there is the template folder as well if you want to use my template I that case only put the files in the folders and right click on each chart and under template option you will see it, select it and all the indicators will load up automatically with my settings
Thanks Bistolis, got it now
  • #7,183
  • Sep 28, 2018 8:14am Sep 28, 2018 8:14am
GBPCAD & EURUSD M15 PASR Trend Trading:




Happy Trading,
Yomi.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCADM15.png Size: 32 KB
Click to Enlarge Name: EURUSDM15.png Size: 29 KB
Time always comes before price
  • #7,184
  • Sep 28, 2018 8:58am Sep 28, 2018 8:58am
Quoting Rub
{quote} Thank you strat, it's been a little frustrating for me because everyone seems to be in a time zone that means they post when I'm asleep. When someone posts like this at a time I see it early enough, I try to get in there and comment. {quote} Quite happy to post someone the dumb things I've done. Like this chart. Do you see anything to enter on? Yet I did anyway, immediately regretted it and was lucky enough to get out without a loss. However I'm doing this less and less, it's slow progress but it is progress. {image}
I don't see anything telling me to enter long.
The attached chart shows price being rejected by resistance provided by the Boss November 6,2016 very large candle high. The green line is the Big Boss major swing bar from June 2016. So price is at a pretty strong level of resistance at the moment. If price closes below the Big Boss swing bar high, it could go much lower. On the other hand, if price breaks through the Boss bar high (red line), there is room to the upside.
Watching for now to see what the big boys decide to do but not showing their hands at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyh4.PNG Size: 41 KB
  • #7,185
  • Sep 28, 2018 8:59am Sep 28, 2018 8:59am
Quoting fxrabbi
GBPCAD & EURUSD M15 PASR Trend Trading: Happy Trading, Yomi. {image} {image}
hi yomi
why did you close that trade on eurusd ?
  • #7,186
  • Edited 4:29pm Sep 28, 2018 9:18am | Edited 4:29pm
Quoting bistolis
{quote} hi yomi why did you close that trade on eurusd ?
Hi bistolis,

I closed the EURUSD trade yesterday, because I was going out and wouldn't have the time to monitor it, so closed it with -10pips, and was not feeling comfortable with it anymore. And I now remember "If trade is wrong - get out"


Happy Trading,
Yomi.
Time always comes before price
  • #7,187
  • Sep 28, 2018 9:29am Sep 28, 2018 9:29am
Quoting fxrabbi
{quote} Hi bistolis, I closed the EURUSD trade yesterday, because I was going out and wouldn't have the time to monitor it, so closed it with -10pips, and was not feeling comfortable with it anymore. And I now remember "If trade is wrong - get out"" Happy Trading, Yomi.
thanks yomi
yes I do that as well.
if I need to close the laptop and get out , then I get out of M5 m15 trades as well, since they need constant monitoring
  • #7,188
  • Sep 28, 2018 10:05am Sep 28, 2018 10:05am
AUDJPY

Quoting huatzhi
AUDJPY BB {image} BEEB. Opening candle looks like a retracement rather than buying power is coming back as it is resisted by BRN 82. Momentum is downward. B {image} A Bullish long bar after the BUEB. However, current week the price try to break through 82 but failed. Strat shadow resisted the price. W {image} A Shooting star followed by a gapped down doji. The left side of shooting star is not clean so the possibility is not as high. It confused me alot, feel like both buyers and sellers are agreeing to wobble price around this area for now, but...
Good job, huatzhi. Take note of the good feedback from Rub.

Thank you, Rub, for helping your fellow traders - TRADERS HELPING TRADERS

In addition to Rub's comments:

Big Boss:

BEEB. Opening candle looks like a retracement rather than buying power is coming back as it is resisted by BRN 82. Momentum is downward.

Don't get fascinated with BRNs - The Big Boys don't use BRNs on all pairs. Spend thousands of hours studying thousands of charts to find out which pairs the Big Boys use BRNs on.

Where are your Support and Resistance levels? Study my chart.

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 59 KB


Boss:

A Bullish long bar after the BUEB. However, current week the price try to break through 82 but failed. Strat shadow resisted the price.

Good, but had you drawn your Support and Resistance levels you would SEE that 82.00 will ""probably"" be a ""wobble"" area - see my chart.

Strat shadow resisted the PRICE

Very good! You are progressing well on THE PATH.

Attached Image (click to enlarge)
Click to Enlarge Name: b.PNG Size: 64 KB


Worker:

A Shooting star followed by a gapped down doji. The left side of shooting star is not clean so the possibility is not as high.
It confused me a lot, feel like both buyers and sellers are agreeing to wobble price around this area for now, but still stuck a shooting star into this mess.

The left side of shooting star is not clean so the possibility is not as high.

Very good!

It confused me a lot, feel like both buyers and sellers are agreeing to wobble price around this area for now, but still stuck a shooting star into this mess.

You are doing good. There is a new thread on FF where they trade anything that ""remotely"" looks like a ""pin bar"" ( their description) - they are the 95% LOSERS - you are NOT!

Anytime you feel ""confused"", ALWAYS stay out and do not trade. Let another day or two or weeks go by until the ""confusion"" resolves itself - which it will.

Attached Image (click to enlarge)
Click to Enlarge Name: c.PNG Size: 63 KB


Today is last trading day of the week and month. So, I weighted opening candles' "tell-tell" slightly more. Have not got into any trade for past 2 weeks, feel like I am missing something.

Yet another indication that you are progressing well on THE PATH

As Rub, quite rightly posted, you have good DISCIPLINE to stay out of trades that you don't understand.

Well done, huatzhi!

English is not my first language but I'll try.

You and all the others whose native language is not English have my utmost respect - I shudder to think how I would communicate in Malay, Chinese and Hindu!
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,189
  • Sep 28, 2018 10:13am Sep 28, 2018 10:13am
DEMO CHARTS and DEMO TRADING

Quoting Suran
{quote} Hi Strat , Szpons and bistolis, This is not from my Live account. Its just a demo account I using to practice paper trading. My live account charts do not have it as you guessed. Thanks for the advice Suranga
I have posted countless number of times NOT to trade on DEMO. The DEMO accounts are HIGHLY MANIPULATED by ALL brokers for THEIR BENEFIT - not yours!

Here you have yet another example of broker's DEMO charts being far from reliable.

Using DEMO accounts for paper trading is equally as bad as just DEMO trading - you are using worthless and HIGHLY MANIPULATED data.

For paper trading, you MUST use a LIVE account.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,190
  • Sep 28, 2018 10:49am Sep 28, 2018 10:49am
PASR

Quoting Eurotrader17
{quote} Just when I was thinking "this guy has finally got his act together", I saw this: But maybe that candle looks like a pin bar and just want to keep going down So this tells me a few things about you: Either you have not read, learned and understood BOTH threads or, if you have, you just "flash read" or, you have a very low memory retention or, you are just careless or, you are still in "hobby trading" mode - please kindly enlighten me. Sorry about this one. Just started reading the old thread again and pin bars are used very often that I...
What are all those red dotted lines? If they are Support and Resistance levels then you have so many that PRICE will 100% hit one of them and keep hitting the others. Since I am a visual trader, all those lines would screw my trading brain up. Compare your Big Boss to mine and make sure you understand why I have added blue rectangles.

Yes, they are Support&Resistances (S&R) level. I usually struggle thinking I'm going to miss some important level. I have to work harder on setting S&R
From your last post to me, I understand those blue rectangles show areas of rejection either from support or from resistance

It seems you are one of those people who need constant reminders before anything registers in your memory cells.

Again, for the umpteenth time - we use the LATEST Support and Resistance levels for trading - one Resistance level ABOVE where PRICE is NOW and one Support level BELOW where PRICE is now ALL toggled down and fine tuned from the Big Boss. See my charts for examples.

From your last post to me, I understand those blue rectangles show areas of rejection either from support or from resistance

Yes! Now remember this and make sure that you can identify and act on these yourself.

UNDERSTAND what the 200 ema is telling you.

Sadly, I have no EMA200 on BIG BOSS as my broker (Pepperstone) doesn't have enough historical data so there is no EMA200 in BigBoss. I have this problem with others pairs I look at.

I don't know (Pepperstone) but if they are a reputable broker they will have all the historical data going back to the beginning of each pair. What you have are charts that do not have all the historical data loaded on them. There is a way to download all that data from their servers and if my memory serves me right, the procedure, last time I checked, was to:

Open M1 and then press "ctrl", "alt" and "home" together and keep pressed until all the data stops loading. Do this for all the pairs you have.

If this does not work, go back to your broker and ask them how to download from their servers.

If they do not have historical data, immediately get another broker!

What else do you SEE near 0.8781 on the Boss?

Apart from that important resistance, I want to see how price reacts to StratShadow, will StratShadow stop price going up? will it make price just wobble and let them keep on going up? let's see what kind of PA this level brings us since it looks very promising.

Almost! Look at where the bottom of the Boss Strat Shadow is relative to Support and Resistance and then understand what that means and HOW you can use this information in PASR.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,191
  • Sep 28, 2018 11:09am Sep 28, 2018 11:09am
EUR / CAD

I entered short on the 4h chart.
TP1 on the first swing low on daily chart.
It is now on BRN 1,500. If it breaks through, it could also reach the 1.4800 area
Good weekend for Strat and his students
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCAD.H4.png Size: 24 KB
Click to Enlarge Name: EURCAD.Daily.png Size: 24 KB
Frank
  • #7,192
  • Edited 11:29am Sep 28, 2018 11:11am | Edited 11:29am
USDJPY

Quoting Malu
USD JPY Seems like price is ready to leave the WCC, in which price was "caught" since 11 weeks. If the Boss closes above the WCC, for me it would be a sign that PASR shows the next way/direction. Next step would be to have a look for opportunities on the worker. Let's wait and see on what level price closes! Boss: {image}
Why is no-one commenting on this and helping Malu? What if "I" stopped helping??????????????????

First, go back again and study my POWER OF TIME FRAMES.

While your evaluation and analysis is good, it may not be next time WITHOUT the Big Boss holding your hand.

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 60 KB


Seems like price is ready to leave the WCC

Yes but how and why? This should be UNDERSTOOD and described as PRICE CLOSING above the Weekly Control Candle. Also remember there are 5 hours left BEFORE this candle CLOSES and ANYTHING can happen in that time.

If the Boss CLOSES above the WCC, for me it would be a sign that PASR shows the next way/direction.

Good!

NEXT STEP would be to have a look for opportunities on the worker.

Very good. PRICE closing above/below the Weekly Control Candle is never a signal to enter a trade.

Let's WAIT and SEE on what level PRICE CLOSES!

Very good. You are progressing well on THE PATH but, where are your Support and Resistance levels?
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,193
  • Sep 28, 2018 11:28am Sep 28, 2018 11:28am
Language and Etiquette

Quoting Eurotrader17
{quote} Hi bluedormouse, You should keep in mind that brokers will try to fuck you up with demo trading since they will make everything they can to make you think all your trades are profitable The hard part comes when you go live and see that you don't have "your broker's help" and I'd say you get the opposite. From the same broker (don't say all the brokers are the same) and pair, you would see differences in the demo chart with respect to its live chart So the best approach if you are just starting on trading is either paper trading or just going...
Please do not denigrate this thread with foul language! If you wish to express yourself so violently at least place "*" between the first and last letters.

Ordinarily, this would have been an automatic "IGNORE".
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,194
  • Sep 28, 2018 11:53am Sep 28, 2018 11:53am
EURCAD M15 PASR Trend Trading 50 pips

Quoting fxrabbi
EURCAD M15 PASR Trend Trading: Happy Trading, Yomi. {image}
50 pips today and 50 pips yesterday - excellent, Yomi, Top of the Class! If only PDT traders had such opportunities!

This was a CLASSIC example of a SMOOTH SAW TOOTH trend both on M5 and M15 (and also on M30, H1 & H4)

Thanks for posting, Yomi.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,195
  • Sep 28, 2018 11:58am Sep 28, 2018 11:58am
PASR

Quoting LarryK
{quote} Thanks Bistolis, got it now
Larry, do you want to post a sample chart to check against ours to make sure you have everything correct?
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,196
  • Sep 28, 2018 12:18pm Sep 28, 2018 12:18pm
GBPCAD & EURUSD M15 PASR Trend Trading 150 pips

Quoting fxrabbi
GBPCAD & EURUSD M15 PASR Trend Trading: Happy Trading, Yomi. {image} {image}
50 pips yesterday and 100 pips today on GBPCAD M15 plus another 50 pips on EURUSD M15 - who is the MASTER here and who is the student?

Anyone who understands PASR and my PASR Trend Trading and can trade in the LONDON time zone should be able to replicate this.

Here is what PDT traders, or me, especially, at 7:30am PDT, SEE when we get to our charts:

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 47 KB


Attached Image (click to enlarge)
Click to Enlarge Name: b.PNG Size: 44 KB


Yomi, I am surprised no-one has asked you this but, knowing that you were consistently profitable with M5 PASR Trend Trading and had to change to M15 to suit your personal circumstances where again, you are consistently profitable, which time frame do you find ""easiest"" to trade and why?
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,197
  • Sep 28, 2018 12:24pm Sep 28, 2018 12:24pm
AUDJPY

Quoting TerryDawe
{quote} I don't see anything telling me to enter long. The attached chart shows price being rejected by resistance provided by the Boss November 6,2016 very large candle high. The green line is the Big Boss major swing bar from June 2016. So price is at a pretty strong level of resistance at the moment. If price closes below the Big Boss swing bar high, it could go much lower. On the other hand, if price breaks through the Boss bar high (red line), there is room to the upside. Watching for now to see what the big boys decide to do but not showing...
Thank you, Terry, for helping your fellow traders - TRADERS HELPING TRADERS

See also my Post 7188
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,198
  • Edited 1:17pm Sep 28, 2018 12:40pm | Edited 1:17pm
EURUSD M15 PASR Trend Trading

Quoting fxrabbi
{quote} Hi bistolis, I closed the EURUSD trade yesterday, because I was going out and wouldn't have the time to monitor it, so closed it with -10pips, and was not feeling comfortable with it anymore. And I now remember "If trade is wrong - get out"" Happy Trading, Yomi.
hi yomi
why did you close that trade on eur

Eagle eyes, bistolis and a very good question to Yomi.

I closed the EURUSD trade yesterday, because I was going out and wouldn't have the time to monitor it, so closed it with -10pips, and was not feeling comfortable with it anymore. And I now remember "If trade is wrong - get out""

And an even better answer from Yomi!

This is one of the many reasons why Yomi is a successful consistently profitable trader.

So, just to HAMMER IT HOME for ALL short time frame traders, if you cannot monitor your trades, CLOSE IT DOWN and GET OUT!

While his trade was not wrong, (he would normally have held it through the pull back to get picked up again by the trend), he has the ETHICS and DISCIPLINE to GET OUT when he cannot exercise 100% Trade Management.

Thank you, Yomi
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,199
  • Sep 28, 2018 12:53pm Sep 28, 2018 12:53pm
End of Month, End of 3rd Quarter

End of trading today at New York EDT time is also the end of the month and the end of the 3rd Quarter.

At this time, the Big Boys (Investment Banks and Hedge Funds) evaluate their performance to date and make necessary adjustments to meet their targets.

Hedge Fund Managers, more especially than Asset Managers of Investment Banks, have to do this as they are responsible and accountable to their Clients and Shareholders.

Since we follow in the footsteps of the Big Boys, we do this, also remembering that if we are not on Target, we have to CHANGE something. If we do not change anything then all we can expect for the next Quarter is exactly what we did before - not meeting our Target.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,200
  • Edited 4:38pm Sep 28, 2018 3:57pm | Edited 4:38pm
Quoting strat
GBPCAD & EURUSD M15 PASR Trend Trading 150 pips {quote} 50 pips yesterday and 100 pips today on GBPCAD M15 plus another 50 pips on EURUSD M15 - who is the MASTER here and who is the student? Anyone who understands PASR and my PASR Trend Trading and can trade in the LONDON time zone should be able to replicate this. Here is what PDT traders, or me, especially, at 7:30am PDT, SEE when we get to our charts: {image} {image} Yomi, I am surprised no-one has asked you this but, knowing that you were consistently profitable with M5 PASR Trend Trading and...

Those trades of yesterday were not post immediately because of time constraints.

The Master will always be the Master anyday, anytime. We are here still tapping into your 30year+ experience. We are just bless to have you here.

I found both timeframes (M5 & M15) to be similar, but someone needs to be more experience, perseverance, patience, discipline and focus to trade M5 which I couldn't provide because of my personal circumstances (time constraints).

To your question about which one did I find easiest to trade, honestly I find M15 to be more easier to trade. To be very successful in M5 trading, someone needs to be very experienced in Price Action and have time. But presently I don't have the time to sit in my trading Room for the 1st H4 of London open (morning session) and the 1st H4 of NY open(afternoon session) to trade M5.

Having states the above, to be very successful in M5/M15 trading, someone needs the following:

1.) Selection of trending pair - will recommend your top 10 volatility pair.

2.) Very good knowledge of price action.

3.) Understanding of Momentum - when I pick a setup candle for my entry, I must see there's price momentum, I relies on momentum so much as strength to push price in the desired direction (especially when trading short-term timeframes like M5 & M15).

4.) PASR (complete package).

I always like to use every opportunity to thank you for your guidance here.

Happy Trading,
Yomi.
Time always comes before price
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