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Strat's PASR Long Term, Stress Free Trading

  • #7,201
  • Sep 28, 2018 4:18pm Sep 28, 2018 4:18pm
Quoting strat
USDJPY {quote} 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. {image} 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...
Thanks a lot for the comment, Strat. Appreciated.
I totally agree, that I also would have to ask the Big Boss whether he is in line with the Boss. So I didn’t forget this.
Also my S and R line where on another chart as I wanted to point out the fact that price could close above the WCC.
Will post the chart with S and R lines next time.
You all have a nice weekend!
  • #7,202
  • Sep 28, 2018 6:15pm Sep 28, 2018 6:15pm
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...
Exactly. There was nothing telling me to enter long, but I did anyway. Now looking back at where I entered I would be in a strong profit, but that's not the point. I'm still making mistakes, but less of them. Some absolute clangers too, just wait till I post my quarterly results. They'll stand out like a baboon's bottom.
  • #7,203
  • Sep 28, 2018 7:52pm Sep 28, 2018 7:52pm
Quoting strat
DEMO CHARTS and DEMO TRADING {quote} 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.
Hi Strat ,

I do not demo trade. I just use it to go through past charts. Didn't thought about this until now. Got the massage properly this time. What else can you get ..when you have dumb students....

Thanks a lot

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #7,204
  • Sep 28, 2018 9:25pm Sep 28, 2018 9:25pm
Quoting Rub
{quote} Exactly. There was nothing telling me to enter long, but I did anyway. Now looking back at where I entered I would be in a strong profit, but that's not the point. I'm still making mistakes, but less of them. Some absolute clangers too, just wait till I post my quarterly results. They'll stand out like a baboon's bottom.
Sorry Rub, I don't see the strong profit.
But I am glad that you are being so successful.
  • #7,205
  • Sep 28, 2018 10:09pm Sep 28, 2018 10:09pm
GBPAUD M5 PASR Trend Trading


When I see the periscope and the strong supports, could not hold the position,

BD
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  • #7,206
  • Sep 29, 2018 2:48am Sep 29, 2018 2:48am
Quoting Eurotrader17
{quote} I think you're right. If I were you and I wanted to paper trade I would open a real account in some broker. There are many forex brokers where you can open an account for just as little as 200$. Once I have that real account I would make the analysis using the data I get from that account (real data), but just the analysis, not the trades. The trades should be taken in "paper" (spreadsheets, notebook, paper sheets,...) - entry, stopLoss, takeProfits level - and you should see in those notes how well you did. Hope you got what I meant ...

Thank you Eurotrader17 and Strat


Maybe I have a full understand of the "paper trades".

  • #7,207
  • Sep 29, 2018 4:37am Sep 29, 2018 4:37am
Quoting strat
AUDJPY {quote} 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?...
Thanks.

Hi, I have a question about the worker chart that you posted. It is regarding to those blue circles. Does it means that previous price actions that are shooting the price down are all somewhat reacted to the 200ema area, however, the last shooting star's wick actually ended far away from 200 ema, which means this shooting star is actually somewhat fishy?
  • #7,208
  • Sep 29, 2018 7:07am Sep 29, 2018 7:07am
Strat - saw this down Charing X Road reminded me of you !
Vintage & pricey !
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If you can wait and not be tired by waiting...
  • #7,209
  • Sep 29, 2018 9:39am Sep 29, 2018 9:39am
PASR Trend Trading

Quoting fxrabbi
{quote} 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...
Thank you, Yomi, for taking the time to answer this.

I find M15 to be more easier to trade

For me, in my time zone, M5 is easier to trade as my Stop Loss is smaller and I can find more PASR entries. This just highlights the need for traders to find their own "trading style" and time frame in their time zone.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,210
  • Sep 29, 2018 10:01am Sep 29, 2018 10:01am
AUDJPY

Quoting huatzhi
{quote} Thanks. Hi, I have a question about the worker chart that you posted. It is regarding to those blue circles. Does it means that previous price actions that are shooting the price down are all somewhat reacted to the 200ema area, however, the last shooting star's wick actually ended far away from 200 ema, which means this shooting star is actually somewhat fishy?
I have a question about the worker chart that you posted. It is regarding to those blue circles. Does it means that previous price actions that are shooting the price down are all somewhat reacted to the 200ema area

I'm glad you noticed and disappointed that no-one else commented on them. It means that the Big Boys use the 200 ema in their trading. The PRICE ACTION at those blue circles shows us that they are using the 200 ema as resistance. The actual PRICE ACTION can be seen as buyers buying but there are more sellers waiting to sell at the 200 ema PRICE level.

however, the last shooting star's wick actually ended far away from 200 ema, which means this shooting star is actually somewhat fishy?

No, but as I explained in earlier posts, it is not a "high probability" Shooting Star. What we SEE at that PRICE level is a CONFLUENCE of Resistance by the 200 ema and static Resistance.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,211
  • Sep 29, 2018 10:39am Sep 29, 2018 10:39am
Quoting glyder
Strat - saw this down Charing X Road reminded me of you ! Vintage & pricey ! {image}
Thanks Rick.

Using the current exchange rate of 1.3033, that equates to $25,414.00 if it really is a 1956 Strat. Current prices here in the US range from $15,000 in good condition to $60,000 in mint 100% original condition. My 1959 Strat is insured for $35,000.

Something is not right about it though. The note says "Refinished and Body Rout" so it is not in 100% original condition. Plus all "old" Strats suffer from the plastic pick ups, volume and tone control knobs and plastic on the selector switch and tremolo arm yellowing with age and there is nothing that can be done about them except replacing with new ones. See photo of my Strat.

Attached Image (click to enlarge)
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Anyone buying that should ask for a Certificate of Authentication and check the dates of original manufacture on the heel of the neck and inside the body cavity.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,212
  • Sep 29, 2018 11:37am Sep 29, 2018 11:37am
EUR / AUD
Hammer on the Big Boss, rejected by monthly and weekly resistance levels. Will the trend be reversed?
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Frank
  • #7,213
  • Sep 29, 2018 4:34pm Sep 29, 2018 4:34pm
Quoting strat
{quote} Thanks Rick. Using the current exchange rate of 1.3033, that equates to $25,414.00 if it really is a 1956 Strat. Current prices here in the US range from $15,000 in good condition to $60,000 in mint 100% original condition. My 1959 Strat is insured for $35,000. Something is not right about it though. The note says "Refinished and Body Rout" so it is not in 100% original condition. Plus all "old" Strats suffer from the plastic pick ups, volume and tone control knobs and plastic on the selector switch and tremolo arm yellowing with age and...
is that a bob ross painting ? (sorry but i have no clue about guitars )
  • #7,214
  • Sep 29, 2018 5:15pm Sep 29, 2018 5:15pm
Hi strat!

Nice guide, really appreciate it and so full of information especially for the books you recommended!
Its been a struggle to cope with my emotions while trading.

Best Regards!
Eeh?
EA - Osoi Kame V7 All Time Profit: $2,340
  • #7,215
  • Sep 29, 2018 5:40pm Sep 29, 2018 5:40pm
Quoting strat
{quote} Thanks Rick. Using the current exchange rate of 1.3033, that equates to $25,414.00 if it really is a 1956 Strat. Current prices here in the US range from $15,000 in good condition to $60,000 in mint 100% original condition. My 1959 Strat is insured for $35,000. Something is not right about it though. The note says "Refinished and Body Rout" so it is not in 100% original condition. Plus all "old" Strats suffer from the plastic pick ups, volume and tone control knobs and plastic on the selector switch and tremolo arm yellowing with age and...
Wow Strat, that is a beaut of a guitar. I never knew they cost so much, this shop was obviously proud of it putting central position in a central london shopfront.
A mint cindition would be a good but sad find....best these instruments are used (by the right musicians)
look at the state of Rory Gallagher’s ... often refurbed, but looking a worn out mess, but he played it as amazingly as anyone has ever played any guitar!
http://www.rorygallagher.com/#/archi...r_stratocaster

Trading wise, I am still away from the charts for a while. A crazy workload which will go on for months more is exhausting me. (Although I spy a short on the GBPUSD)
If you can wait and not be tired by waiting...
  • #7,216
  • Sep 29, 2018 5:54pm Sep 29, 2018 5:54pm
Quoting windofmarch
EUR / AUD Hammer on the Big Boss, rejected by monthly and weekly resistance levels. Will the trend be reversed? {image} {image}
First, I can hardly see anything on you chart other than a big blurr, can you zoom in a bit so we can see the price candles a bit better?

Here's what I have from my notes done yesterday, with further comments on charts.

EUR/AUD: Big boss: Doji at resistance
Boss: Weekly control candle, confirmed swing high, testing weekly control candle low.
W: Buy
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  • #7,217
  • Sep 30, 2018 7:41am Sep 30, 2018 7:41am
Quoting Rub
{quote} First, I can hardly see anything on you chart other than a big blurr, can you zoom in a bit so we can see the price candles a bit better? Here's what I have from my notes done yesterday, with further comments on charts. EUR/AUD: Big boss: Doji at resistance Boss: Weekly control candle, confirmed swing high, testing weekly control candle low. W: Buy {image} {image} {image} {image}
Hello, thanks for your reply. I had to narrow down the price area because I noticed S / R levels dating back to 1999.
Frank
  • #7,218
  • Sep 30, 2018 8:42am Sep 30, 2018 8:42am
EURJPY
Big boss : last month price was supported by Strat shadow and support. This month price formed a BUEB
Boss : Last week price break WCC and the previous high. While this week is a doji
Worker : Retest on previous high and supported as a new support with the Strat shadow

Looks like a signal for entering buy?

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  • #7,219
  • Sep 30, 2018 9:05am Sep 30, 2018 9:05am
Quoting bistolis
{quote} is that a bob ross painting ? (sorry but i have no clue about guitars )
Sorry, don't know who he is - its just one of many I have done over the years.

More important is the Welsh "Cap" in the frame.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,220
  • Sep 30, 2018 9:14am Sep 30, 2018 9:14am
Quoting strat
Language and Etiquette {quote} 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".
You're right Strat. My apologies!

Quoting strat
PASR {quote} 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...
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.
It was a mistake as I have all my pairs with just one support and one resistance (as you have said many times) but with this one, I set more S&R in order to see how price behaved in the past and I forgot to remove them.

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!

Many thanks, Strat! I tried but it didn't work...(I have emailed them asking about it though) Could anyone recommend me a good broker for EU traders? I have opened several demo accounts in order to see how back they go on historical data and the only one I found that it seems to fit in this requirement is Tradersway. But I have read several bad reviews about them, so not interested in opening a real account with them.

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.
Let me try to recapitulate what I see at that level (0.87814) based on the chart you posted:

  1. Resistance
  2. Boss StratShadow (bottom)
  3. Swing low confirmed on May 20th that has to be broken to go up

In addition to the things I mentioned above, we could take into account that price should try to get closer to StratShadow as I see it a bit far away from it(rubber band effect?).
So I think that buyers will have to push hard if they want to break that level as I mentioned we have a lot of things to be broken at that level.
Don't know if my answer is spot on, Strat.

Thanks again for your help.

Attachment g

IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
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