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Strat's PASR Long Term, Stress Free Trading

  • #7,321
  • Oct 3, 2018 2:23am Oct 3, 2018 2:23am
Quoting strat
GBPUSD H4 {quote} So, you are a RISK TAKER! While it worked out for you this time, it will NOT over the long term. This is the sort of trading I used to do when I was a "young gun" - then I learned my lesson - Rule No 1! You correctly identified that 105 pips Outside Candle but failed to recognise that it was 2.5 times ATR (10) telling us of huge volatility. {image} Take a closer look at that Outside Candle - it had a 20 pips body, a 40 pips wick and a 48 pips tail. That is an "over grown" doji showing indecision with the buyers showing more strength...
Thank you for constructive comments as always

While it worked out for you this time, it will NOT over the long term. This is the sort of trading I used to do when I was a "young gun" - then I learned my lesson - Rule No 1!
NOTED!
You correctly identified that 105 pips Outside Candle but failed to recognise that it was 2.5 times ATR (10) telling us of huge volatility
I recognised huge volatility, but have different view on that, correct approach should be wait until PRICE get back to normal after this spike


Did you have a PLAN when you traded this or was it a sudden Adrenalin rush of blood?

I had a plan, from big boss
Attached Image (click to enlarge)
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Boss
I wanted to trade swing down after Price closed below strat shadow down to support

Worker
Entry as I mentioned earlier, but when I reviewed it with your help I see problems with this setup,even if PRICE is in downtrend structure in H4 supported by strat shadow I should not enter because obvious problems that you mentioned

stoploss placement was wrong, I have no idea why I placed it like that

Are you sure you are on THE PATH?
Definitely still digging in old thread

Had you done this you would have SEEN that your R:R was UPSIDE DOWN - 100 pips RISK for 70 pips reward.

1.2975 should be only wobble area and my first target was support 1.2925 so my R:R was slightly above 1 but still wrong

Thank you for comments I am going back to path
  • #7,322
  • Oct 3, 2018 2:28am Oct 3, 2018 2:28am
Quoting strat
EURAUD H4 {quote} Thank you Strat and thank you for your comments, content which is noted. I agree that my entry is late. I need to work on recognizing placement levels using PA. Support levels - noted. I can see where your support levels are coming from. I will contact my broker regarding downloading all of their historical data. Thanks Pete
Support levels - noted. I can see where your support levels are coming from. Did you SEE where PRICE found support and stopped? {image}[/quote]

Hi Strat,

Yes, thank you. Right on the button of the first support level you pointed out me. Once again, this shows why we need to be AWARE of all S/ R levels across all time frames and also...(Note to my self) Be certain exactly WHICH time frame I am trading and WHY I am trading it.

Thank you for your guidance with this.

Pete
  • #7,323
  • Oct 3, 2018 2:28am Oct 3, 2018 2:28am
Quoting Rufus
AUDUSD Decided a few days back that I will be posting every position of mine for my educational purposes, win, lose, or draw. Putting PASR education on top priority. Entered position a few days back with the falling star. Position still running with target just above BRN .7000. Targets for me are also flexible, not set in stone depending on price action. {image} {image}
I also entered that, but closed when there were the two small inside bars.


Quoting Szpons
Just for training purposes, please comment & correct me. This is analysis for BRENT crude I've done a couple of weeks ago but forgot about it and I'm not in the trade. Now the situation concluded. I'm putting it as I've prepared it back then. I was interested in price reaction at level around 70$, here's BB situation: {image} This level is better visible on Boss chart: {image} and price reaction on the Worker: {image} My entry would have been on the bar end marked with red arrow
Beware that oil is heavily manipulated, it's not a freely traded.

Big boss is a clear uptrend. Area marked is a clear support/resistance level.
Boss is much the same. Very clear level of support.
Worker entry is one I would be unconformable with, my preference would be the doji then hammer on the 7th(?) September, or when it was a confirmed swing low from the support. That is more because of the size of the stop required from your marked entry.
  • #7,324
  • Oct 3, 2018 2:42am Oct 3, 2018 2:42am
Quoting huatzhi
{quote} For USDCAD, the confluence of Strat Shadow and Static SR should be something like the purple line in this picture? {image} CADJPY For 4H it is obvious. {image} However, I do not really understand that price. Here is my attempt of understanding it - In the first red square, a BUEOB toward the resistance. The following doji is supported by previous swing high. Then it start wobbling, a BEEB is form. The price get supported by strat shadow confluenced with previous swing high after the BEEB and then breaking the high of the wobble area. Hence...
Hi Huatzhi

Just a few comments if I may?

Instead of drawing a confluence S/R level why not consider drawing a S/R zone area?

CadYen chart - I do not see the red boxes you are referring to but maybe it is more a case of profit taking then a bullish PA setup at this stage.

Also you have marked a shooting star on your chart that is not a shooting star.

Regards
Pete
  • #7,325
  • Oct 3, 2018 3:26am Oct 3, 2018 3:26am
Hi all,

My Strat Shadow indicator is "MA ribbon filled 2 x 14.ex4"+"MA in Color.ex4", I'm not sure how to fill regions between candles and MAs. Maybe some settings were wrong? I can't find any post mentioned that.

Can you help?
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  • #7,326
  • Oct 3, 2018 3:30am Oct 3, 2018 3:30am
Quoting bluedormouse
Hi all, My Strat Shadow indicator is "MA ribbon filled 2 x 14.ex4"+"MA in Color.ex4", I'm not sure how to fill regions between candles and MAs. Maybe some settings were wrong? I can't find any post mentioned that. Can you help? {image}
Attached Image (click to enlarge)
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Attached Image
  • #7,327
  • Oct 3, 2018 3:31am Oct 3, 2018 3:31am
Quoting bluedormouse
Hi all, My Strat Shadow indicator is "MA ribbon filled 2 x 14.ex4"+"MA in Color.ex4", I'm not sure how to fill regions between candles and MAs. Maybe some settings were wrong? I can't find any post mentioned that. Can you help? {image}
These are my settings:

EDIT: Damn you Bistolis! Pipped at the post!
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  • #7,328
  • Oct 3, 2018 4:04am Oct 3, 2018 4:04am
I got some time on my hands today and opened my live account to do some paper trading

Attached Image (click to enlarge)
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I was confused about the resistance marked as H1 at the moment of the first arrow. I am pretty sure I should wait for PA on the second arrow and exit at H4 resistance marked
  • #7,329
  • Oct 3, 2018 5:01am Oct 3, 2018 5:01am
Quoting bistolis
{quote} {image} {image}
Quoting Rub
{quote} These are my settings: EDIT: Damn you Bistolis! Pipped at the post! {image}
Thank you, I've updated my indicators' setting, the gaps beteen candles and MAs was filled.

But, after change the MA1Period : 1, MA1Method : 1, MA1Price : 0, on my chart the EMA20 becomes invisible, what is wrong? On your charts, they are looks obvious
.


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  • #7,330
  • Oct 3, 2018 5:31am Oct 3, 2018 5:31am
Quoting bluedormouse
{quote} {quote} Thank you, I've updated my indicators' setting, the gaps beteen candles and MAs was filled. But, after change the MA1Period : 1, MA1Method : 1, MA1Price : 0, on my chart the EMA20 becomes invisible, what is wrong? On your charts, they are looks obvious . {image}
both indicators use the same color, so they blend. that is most likely the reason. just change the color and test it
  • #7,331
  • Oct 3, 2018 5:32am Oct 3, 2018 5:32am
Hi, bistolis


Attached the indicators, I think some settings not correct.


Thank you.
Attached File(s)
File Type: mq4 MA in Color.mq4   4 KB | 725 downloads
File Type: mq4 MA ribbon filled 2 x 14.mq4   2 KB | 904 downloads
  • #7,332
  • Oct 3, 2018 6:20am Oct 3, 2018 6:20am
Quoting bluedormouse
Hi, bistolis Attached the indicators, I think some settings not correct. Thank you. {file} {file}
see previous post about what might be wrong
why dont you use the template that I shared? It might be a faster solution
  • #7,333
  • Oct 3, 2018 6:32am Oct 3, 2018 6:32am
Quoting Rub
Beware that oil is heavily manipulated, it's not a freely traded. Big boss is a clear uptrend. Area marked is a clear support/resistance level. Boss is much the same. Very clear level of support. Worker entry is one I would be unconformable with, my preference would be the doji then hammer on the 7th(?) September, or when it was a confirmed swing low from the support. That is more because of the size of the stop required from your marked entry.
Thank you,

I agree, entry based on doji gives better RR 1:5 when my arrow gives 1:2
  • #7,334
  • Oct 3, 2018 6:55am Oct 3, 2018 6:55am
Quoting landax
Good entry Rufus! But beware at the bottom of the WCC that is approaching, I do not see it on your graphics {image} {image}

Thanks Landax

The WCC is marked out on my other chart. Price is there now.. Now time will tell.

Attached Image (click to enlarge)
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #7,335
  • Oct 3, 2018 7:11am Oct 3, 2018 7:11am
Quoting strat
GBPUSD {quote} I do like that pin or hammer Come on, Larry, you should know better than that! There are NO ''pin bars" in PASR - only HAMMERS and SHOOTING STARS You must be another who did not read my Posts 6679, 6676 and 6683 That candle is a type of gravestone doji in that Swing down from BRN 1.33 on September 20, 2018 telling us that it is a CONTINUATION candle. Your template is using the 63 ema where mine and most are using 72 ema but the choice is yours.
I have checked the EMA is 72 which I got off the template that Bistolis posted.

GBPUSD I acknowledge that my candle analysis was incorrect, thank you.

Thanks to assistance on my chart settings from you all.
  • #7,336
  • Oct 3, 2018 7:15am Oct 3, 2018 7:15am
Quoting Rufus
{quote} Thanks Landax The WCC is marked out on my other chart. Price is there now.. Now time will tell. {image}
AUDUSD

Don't we all just wish we could have caught this train near the beginning of its journey, now just wondering where the train will eventually turn around?

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  • #7,337
  • Oct 3, 2018 7:19am Oct 3, 2018 7:19am
Quoting Szpons
Just for training purposes, please comment & correct me. This is analysis for BRENT crude I've done a couple of weeks ago but forgot about it and I'm not in the trade. Now the situation concluded. I'm putting it as I've prepared it back then. I was interested in price reaction at level around 70$, here's BB situation: {image} This level is better visible on Boss chart: {image} and price reaction on the Worker: {image} My entry would have been on the bar end marked with red arrow
I'm with Rub on this one. Also manipulated situation.

Quoting Rub
{quote} Beware that oil is heavily manipulated, it's not a freely traded. Big boss is a clear uptrend. Area marked is a clear support/resistance level. Boss is much the same. Very clear level of support. Worker entry is one I would be unconformable with, my preference would be the doji then hammer on the 7th(?) September, or when it was a confirmed swing low from the support. That is more because of the size of the stop required from your marked entry.
I would say also you are trying to trade a Boss Swing on the Worker but jumping on it without the appropriate price action.

Attached Image (click to enlarge)
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Maybe Strat can chime in here. The 4h chart showed the reaction at support a little better so maybe a Basic PASR entry here with a smaller stop.

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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #7,338
  • Oct 3, 2018 7:36am Oct 3, 2018 7:36am
Quoting bistolis
I got some time on my hands today and opened my live account to do some paper trading {image} I was confused about the resistance marked as H1 at the moment of the first arrow. I am pretty sure I should wait for PA on the second arrow and exit at H4 resistance marked

I don't get to trade London but here you go.

Attached Image (click to enlarge)
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #7,339
  • Oct 3, 2018 7:39am Oct 3, 2018 7:39am
Quoting LarryK
{quote} AUDUSD Don't we all just wish we could have caught this train near the beginning of its journey, now just wondering where the train will eventually turn around? {image}

Strat probably has a private car on this train. Sipping scotch and playing his guitar while riding through the countryside.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #7,340
  • Oct 3, 2018 7:42am Oct 3, 2018 7:42am
Quoting Rufus
{quote} I don't get to trade London but here you go. {image}
thanks for the feedback rufus
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