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Strat's PASR Long Term, Stress Free Trading

  • #7,461
  • Oct 7, 2018 2:09pm Oct 7, 2018 2:09pm
Quoting chararu
{quote} Hi Strat. Thank you for your interest in my chart. My delayed response is because i am full time working and struggle in between to find time but will try my best in future to respond quicker. I am paper trading and learning charts to see repetitive events. See below the H1 and M5 charts with my reasoning. Am open to corrections. {image} {image}
Hi Chararu

OK entry. If I was trading this I would have brought my SL up to that BUEB at about 1.2920 and would be looking to exit anywhere above it or if I was adding on probably would've got stopped out there and closed the trade to look for something else.

USDCAD seems to trade to "tens" 00 .20 .30 .50 .80 a bit like GBPJPY but unlike GBPJPY it's not one of my favourite pairs to trade, I find it a bit "fickle" if that makes sense?

Keep posting charts but try and improve the quality of them as Suran has mentioned so we can see clearly. Also the ADR indicator will act like a mental barrier for you, especially trading M5.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #7,462
  • Oct 7, 2018 2:15pm Oct 7, 2018 2:15pm
Quoting bistolis
{quote} hi I believe so since the candle closed inside the control candle
I concur

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADWeekly.png Size: 67 KB


Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 69 KB
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #7,463
  • Oct 7, 2018 2:30pm Oct 7, 2018 2:30pm
Quoting BeyondTheSea
{quote} Hi Chararu OK entry. If I was trading this I would have brought my SL up to that BUEB at about 1.2920 and would be looking to exit anywhere above it or if I was adding on probably would've got stopped out there and closed the trade to look for something else. USDCAD seems to trade to "tens" 00 .20 .30 .50 .80 a bit like GBPJPY but unlike GBPJPY it's not one of my favourite pairs to trade, I find it a bit "fickle" if that makes sense? Keep posting charts but try and improve the quality of them as Suran has mentioned so we can see clearly....
Thank you for the heads up on USDCAD tendencies. I will continue posting and look forward to all the feedback. The feedback helps in keeping me focused. I wondered the same on the ADR indicator, i will remove it.
  • #7,464
  • Edited 5:18pm Oct 7, 2018 4:33pm | Edited 5:18pm
Quoting huatzhi
USDJPY (Which will be the pair I focus on for next couple month) BB {image} Strong Bullish momentum with BUEB on support. B {image} Approaching resistance in a strong up trend. W {image} BUEB crossing SR Area in an up trend. BB direction checked. B direction checked. PA on SR checked. Looking for better SL in H4 as the last swing low is way below. H4 {image} SL is on 113.48, slightly below last swing low. TP 116.985 next SR.
This is a very good analysis of the time frames.
You have established a path forward based on what is going to happen at the current price level.
This is not a criticism but a statement of fact based on what I am trying to improve upon.
Using The Power of Time Frames a successful PASR trader would have begun this analysis on the Big Boss confirmed swing low in April and followed with the Boss confirmed swing low on April 8th.
Dropping to the worker, he would have seen the direction established and subsequent direction confirmed and switched to trend trading.
Several add on opportunities presented themselves from that time to now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYMonthly.png Size: 67 KB
Click to Enlarge Name: usdjpyweekly.PNG Size: 55 KB
Click to Enlarge Name: usdjpydaily.PNG Size: 49 KB
  • #7,465
  • Oct 8, 2018 12:32am Oct 8, 2018 12:32am
Hitting the road tomorrow to see my mom and sisters. So I will be a little scarce for a few days. Once settled in I'll be firing up the laptop...

Have a good week all
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #7,466
  • Oct 8, 2018 1:03am Oct 8, 2018 1:03am
Quoting TerryDawe
{quote} This is a very good analysis of the time frames. You have established a path forward based on what is going to happen at the current price level. This is not a criticism but a statement of fact based on what I am trying to improve upon. Using The Power of Time Frames a successful PASR trader would have begun this analysis on the Big Boss confirmed swing low in April and followed with the Boss confirmed swing low on April 8th. Dropping to the worker, he would have seen the direction established and subsequent direction confirmed and switched...
Yes, i have been buying USDJPY but already closed my trades. And now im waiting... i see now more sellers in a Resistance Zone.
  • #7,467
  • Oct 8, 2018 1:19am Oct 8, 2018 1:19am
I've been going through the old thread again, and post #6370 had a line that 's become the very first line of my notes, in bold and italics. It hit me like a large gentleman of Polynesian extraction. I encourage everyone to find and read the post, but this is the line:

Trading is dirt simple; establish a directional bias, and trade it.
  • #7,468
  • Oct 8, 2018 7:20am Oct 8, 2018 7:20am
GBP AUD M5 Trend Trading

Jumped on the trend when it got established, from my point of view. So in the morning I wait usually 1-2 hours before I enter - that is the time when London (and Frankfurt) starts to trade. This time it worked well, so I could "steal" 70 PIPs from the market.

Attached Image (click to enlarge)
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  • #7,469
  • Oct 8, 2018 7:28am Oct 8, 2018 7:28am
Quoting Rub
................. Trading is dirt simple; establish a directional bias, and trade it.

Rub ,

This is also what I learned up to now in my nearly 6 months PASR apprenticeship with Strat. The way Strat teaches US to see the market makes it very easy to see the trades and the PRICE behavior. Especially with the use of Strat Shadow and other tools.

However...... Trading is dirt simple, but not easy..needs loads of dedication and practice..

Thanks a lot Strat.

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #7,470
  • Oct 8, 2018 9:23am Oct 8, 2018 9:23am
NZDJPY

Quoting Rufus
NZDJPY Endeavoring every day to post at least one thing in detail with charts. Today my NZDJPY position. Entered few pips under the shooting star marked on the chart...(Not the shotting one) {image} {image} Today closed a portion. I will see how price goes come Monday. {image} Side note observation here Strat. Maybe I'm crazy. Sometimes after plotting out support and resistance there seems to be a pattern at times. The NZDJPY for instance the lines were about 50 pips apart and somewhat consistent. I just threw some extra lines on my chart. I'm not...
Sometimes after plotting out support and resistance there seems to be a pattern at times. The NZDJPY for instance the lines were about 50 pips apart and somewhat consistent.

Hi John, I'm not crazy about patterns as I have never had success trading them. You rightly qualified this with "consistency" but over what period of time? Consistency in trading for me is something that is repeated day after day, week after week, month after month, year after year.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,471
  • Oct 8, 2018 9:26am Oct 8, 2018 9:26am
GBPNZD H4

Quoting BeyondTheSea
GBPNZD 4Hr Study Please take this with the spirit it was written in and not a literal exact science. I have used a singular character to simplify the market for my own purposes, of course there are thousands of participants in the market but only a few that move them. 1. Confluence of Worker PASR level and 200EMA support. Big Buyer has come into the market challenging trapped sellers at point A. 2. Where are the sellers? Market pauses. The buyer from 1.9150 is still looking to buy. Are there more positions to buy from our trapped sellers at A? Yes....
Excellent, Nathan - a chip off the old block!
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,472
  • Oct 8, 2018 10:08am Oct 8, 2018 10:08am
GBPCAD & USDCAD

Quoting landax
Hi my trader friends, I have a question about the gap that took place last Week. {image} {image} Do you agree that even if the price went out of the WCC because of the gap, since the price came back inside we are still in a WCC currently? Thank you for your help
Do you agree that even if the price went out of the WCC because of the gap, since the price came back inside we are still in a WCC currently?

Very good observation, landax, with good feedback from bistolis and Terry. Thank you for helping your fellow trader - TRADERS HELPING TRADERS

Very disappointed that there are no comments from others on THE PATH.

No matter what happens during the week, the ONLY consideration when discussing Weekly Control Candles is WHERE PRICE closed at the END of the week - 5pm New York time. So, as bistolis and Terry correctly advised, PRICE is still trapped inside the Weekly Control Candle.

But there is more and this is where we find out just how far students have progressed on THE PATH.

What was that PRICE ACTION telling us and what does it mean for the way forward? I will show my charts as a hint.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: b.PNG Size: 59 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,473
  • Oct 8, 2018 10:13am Oct 8, 2018 10:13am
CADJPY M15 PASR Trend Trading:




Happy Trading,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYM15.png Size: 30 KB
Time always comes before price
  • #7,474
  • Edited 12:10pm Oct 8, 2018 10:13am | Edited 12:10pm
USDCAD M5 PASR Trend Trading

Quoting chararu
{quote} Hi Strat. Thank you for your interest in my chart. My delayed response is because i am full time working and struggle in between to find time but will try my best in future to respond quicker. I am paper trading and learning charts to see repetitive events. See below the H1 and M5 charts with my reasoning. Am open to corrections. {image} {image}
Very good. This is good for training but are you on THE PATH and reading, learning and understanding PASR in the logical manner it is laid out?
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,475
  • Oct 8, 2018 10:17am Oct 8, 2018 10:17am
PASR - THE PATH

Quoting windofmarch
Happy Sunday to all. I returned to the path, to avoid making other mistakes. I always follow you because there is a lot to learn.
I returned to THE PATH

I am curious - why did you leave THE PATH?
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,476
  • Oct 8, 2018 10:22am Oct 8, 2018 10:22am
PASR - THE PATH

Quoting TerryDawe
{quote} This is just for information about me to those serious traders posting here. I am on Step 3 and have been following Strat and the path for 3 1/2 years. I have been on step 3 for quite some time and find that this step is difficult to leave, at least for me. I have no intention of leaving to go back but only forward.
Thank you for posting this Terry. This is a good example for all on Desire, Perseverance and Determination.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,477
  • Oct 8, 2018 10:24am Oct 8, 2018 10:24am
PASR

Quoting BeyondTheSea
{quote} Except there are no retail levels like on your chart. Just price points of buyers and sellers. The big boys are more than 95% of a $5 trillion plus market. We just hop on the train.
We just hop on the train

And FOLLOW in their FOOTSTEPS
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,478
  • Oct 8, 2018 10:27am Oct 8, 2018 10:27am
USDCAD M5 PASR Trend Trading

Quoting BeyondTheSea
{quote} Hi Chararu OK entry. If I was trading this I would have brought my SL up to that BUEB at about 1.2920 and would be looking to exit anywhere above it or if I was adding on probably would've got stopped out there and closed the trade to look for something else. USDCAD seems to trade to "tens" 00 .20 .30 .50 .80 a bit like GBPJPY but unlike GBPJPY it's not one of my favourite pairs to trade, I find it a bit "fickle" if that makes sense? Keep posting charts but try and improve the quality of them as Suran has mentioned so we can see clearly....
Very good comments, Nathan.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,479
  • Oct 8, 2018 11:06am Oct 8, 2018 11:06am
USDJPY

Quoting TerryDawe
{quote} This is a very good analysis of the time frames. You have established a path forward based on what is going to happen at the current price level. This is not a criticism but a statement of fact based on what I am trying to improve upon. Using The Power of Time Frames a successful PASR trader would have begun this analysis on the Big Boss confirmed swing low in April and followed with the Boss confirmed swing low on April 8th. Dropping to the worker, he would have seen the direction established and subsequent direction confirmed and switched...
Excellent, Terry, and thank you for doing this for your fellow traders - TRADERS HELPING TRADERS

Just one comment about our MT4 charts - this is for all PASR traders:

MT4 is not the best charting platform but it is FREE so we really cannot complain. One of its inadequacies is the DATES on the Weekly charts.

MT4 always shows the BEGINNING of the Week starting on SUNDAY. As PASR traders, we have no interest in the beginning of the Week

PASR traders NEED the END OF THE WEEK so we have to ADD 5 days to the date shown on our Weekly MT4 charts.

Using Terry's example:

The Boss Swing Low is correctly identified on our Weekly charts as April 08, 2018

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 67 KB


But that is SUNDAY and when we toggle over to our Worker chart on Friday after 5pm New York time, April 08, 2018 has been and gone and is in the past. What we SEE is FRIDAY, APRIL 13, 2018 so that is the earliest day we can include this information into PASR

Attached Image (click to enlarge)
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So, when discussing dates on our Weekly charts, ALWAYS add 5 days to the date shown by MT4.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,480
  • Oct 8, 2018 11:14am Oct 8, 2018 11:14am
PASR

Quoting HappyTrend
{quote} Yes, i have been buying USDJPY but already closed my trades. And now im waiting... i see now more sellers in a Resistance Zone.
I have been buying USDJPY

So WHY haven't you posted these trades? You want US to help YOU but you are not prepared to HELP YOUR FELLOW TRADERS. This is NOT in the spirit of this thread.
15 YEARS OF PASR ON FOREX FACTORY!
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