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Strat's PASR Long Term, Stress Free Trading

  • #7,481
  • Oct 8, 2018 9:28am Oct 8, 2018 9:28am
hi strat i try to combine your system and davit system. so i'm using pivot fibo as support and resistance. i'll wait usdjpy at S138 it mean at MA200 (H4)
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  • #7,482
  • Oct 8, 2018 9:41am Oct 8, 2018 9:41am
Quoting strat
PASR {quote} 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.
Im Trading my 6Hour TimeFrame most of time for my entries... The last time that i post it, you told me about to stop posting/talking about my 360m Charts. I was happy posting it, if you allow me.. of course i start posting my "Trend Price-Action-Support-Resistance" Trades.
  • #7,483
  • Oct 8, 2018 9:43am Oct 8, 2018 9:43am
Quoting General Lee
hi strat i try to combine your system and davit system. so i'm using pivot fibo as support and resistance. i'll wait usdjpy at S138 it mean at MA200 (H4) {image}
You dont need those "random lines indicator"... that is just a virus in your mind...

If you want to use those Fibonnacci Numbers, use it manually and draw your swing for "ONLY confluence" with PASR...
  • #7,484
  • Oct 8, 2018 9:49am Oct 8, 2018 9:49am
Quoting strat
GBPCAD & USDCAD {quote} 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...
I'll try to describe what I see. I am trying to implement more of "seeing beyond the candles" way of thinking into my trading, that is trying to understand why one or another Price Action appears and use that information to understand the big picture.

I've put comments on one of the charts, as USD/CAD seems a little too messy for my brain to crunch right now. However, I am interested in what you guys think about this way of analysis. I hope I got at least something correct, that's my first time trying this sort of thinking which I like much more.
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  • #7,485
  • Edited 10:35am Oct 8, 2018 9:52am | Edited 10:35am
PASR

Quoting Rub
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.
Thank you, Ben for identifying Post 6370. There is so much value to take from that post as it was written by PASR student AstonDan on October 14, 2009

For the benefit of PASR students, here are the important points:

At around this time I had also begun reading some posts by a crazy fella (Strat)who traded the Daily and Weekly charts and who was encouraged by Nicola (Elitejets) to start his own thread on his method so, on 27 February 2009, I suppose I actually began to understand.

Slowly but surely I began to appreciate more and more what I was looking at (It’s funny to think I actually found it quite daunting to post my first chart). Strat took the time to help me see for myself, there were no easy rides and we fell out once or twice, but to his eternal credit, he stuck with me. I traded demo as if it was real money, I kept a detailed log, and during this time, I don’t think I actively read anything else on the markets – I simply read MY charts each day and kept a clean mind.

So things were great, but we entered a period of consolidation (at least it was to my eyes then – I suspect Strat and others were trading quite profitably off the daily at the time, but my understanding was not there yet and frankly I am an impatient bugger – still!), so I ventured off into the world and found a few other traders who helped me further understand – particularly the fluidity of price and time, and trading truly naked.

Over the summer I began reading (and trading) much more feverishly (by this time I was also live). I learnt more and more and continued to succeed, however small, because Strat and others helped me set solid foundations based on price, support and resistance.

All that’s past is prologue however, so perhaps to say a little about where I am now gives greater credence to where I’ve been. Please note, the following is not to denigrate from anything Strat is teaching on the thread – I can only trade the way I do now because of how I was taught. It’s to Strat’s credit, not detriment.

I’ve gravitated back to daily bars for three reasons:

1. Time means nothing to me, only PRICE. PRICE can be read perfectly well End Of Day so why spend time looking at them go up and down all day.

2. For want of a better descriptive, randomness. PRICE reacts to news. The reaction is not often indicative of the bigger (global) picture. The further away you stand, the more you can see.

3. Money. I’m more profitable taking the broader view.

For anyone who is where I was this time last year, trading is dirt simple; establish a directional bias, and trade it. It’s only a two horse race. Strat is helping you identify that directional bias, and while that’s only part of the challenge we all face, its value cannot be underestimated.

Dan is an example of what I always say "Read, Learn and UNDERSTAND PASR then FIND your own personal trading style".

Just like many PASR students, Dan went on to become ""consistently profitable"" and probably achieved his dream of owning his Aston Martin.

My only disappointment is that he, like all those who became "consistently profitable", left the thread and public trading forums and had no desire to help others.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,486
  • Edited 10:36am Oct 8, 2018 10:02am | Edited 10:36am
GBP AUD M5 PASR Trend Trading 70 pips

Quoting Malu
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. {image}
Well done, Malu! There is so much value in those two lines that I will repeat them for the benefit of the flash readers, PASR Lurkers, Lurkers and Trolls:

Jumped on the TREND when it got established

in the morning I usually WAIT 1-2 hours before I enter - that is the time when London (and Frankfurt) starts to trade.

Forget Frankfurt trading - it is much like Asian trading - low volume and directionless.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,487
  • Oct 8, 2018 10:06am Oct 8, 2018 10:06am
PASR

Quoting Suran
{quote} 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
Trading is dirt simple, but not easy..needs loads of dedication and practice..

Good lad, Suranga.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,488
  • Oct 8, 2018 10:08am Oct 8, 2018 10:08am
Quoting HappyTrend
{quote} You dont need those "random lines indicator"... that is just a virus in your mind... If you want to use those Fibonnacci Numbers, use it manually and draw your swing for "ONLY confluence" with PASR...
thanks for advice mate
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  • #7,489
  • Oct 8, 2018 10:21am Oct 8, 2018 10:21am
CADJPY M15 PASR Trend Trading 37 pips

Quoting fxrabbi
CADJPY M15 PASR Trend Trading: Happy Trading, Yomi. {image}
Thank you for posting, Yomi.

Such a smart trader - trading the continuation of the TREND established on October 03, 2018.

Because of your life and work circumstances, it seems your trading style has changed from entering multiple positions on M5 to just trading a single position based on checking your charts every 15 minutes.

Of course, the pips mean NOTHING - what is important is how much your pip is worth which will compensate for multiple positions on shorter time frames.

Just out of interest, Yomi, were you trading last Friday, on October 05, 2018? I was expecting you to post trades on GBPNZD and EURNZD which would have put my GBPNZD M5 PASR Trend Trading to shame.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,490
  • Oct 8, 2018 10:22am Oct 8, 2018 10:22am
Quoting strat
PASR - THE PATH {quote} I returned to THE PATH I am curious - why did you leave THE PATH?
Hi Strat, I did not leave THE PATH.
I did not understand it well.
Regards.
Frank
  • #7,491
  • Oct 8, 2018 10:29am Oct 8, 2018 10:29am
PASR

Quoting HappyTrend
{quote} Im Trading my 6Hour TimeFrame most of time for my entries... The last time that i post it, you told me about to stop posting/talking about my 360m Charts. I was happy posting it, if you allow me.. of course i start posting my "Trend Price-Action-Support-Resistance" Trades.
I told you that the Big Boys do not trade 6 hour charts so why do it when PASR teaches you to Follow in the Footsteps of the Big Boys? Plus, offline charts in MT4 are not very reliable and dependable as traders trading them will tell you.

Nevertheless, please post your PASR trades. Thank you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,492
  • Oct 8, 2018 10:50am Oct 8, 2018 10:50am
PASR

Quoting windofmarch
{quote} Hi Strat, I did not leave THE PATH. I did not understand it well. Regards.
Just like anything which is new to us, we have to read it a few times.

Then we have to read it a few more times to LEARN.

Then we have to read it a few more times to UNDERSTAND.

Then we have to read it a few more times to APPLY what we LEARNED and UNDERSTOOD.

Then we have to read it a few more times to UNDERSTAND why we have losing trades.

Then we have to read it a few more times to identify and make profitable trades.

Then we have to read it a few more times to UNDERSTAND why we tried to Walk On Water.

Then we have to read it a few more times to go back to the BEGINNING.

Then we have to read it a few more times to UNDERSTAND trades from other traders.

Then we have to read it a few more times to STAY on THE PATH.

Read Posts 7354 and 7450
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,493
  • Oct 8, 2018 11:04am Oct 8, 2018 11:04am
GBPUSD and GBPNZD M5 PASR Trend Trading 93 pips

Quoting bistolis
{quote} the "tweet" in between made me laugh thanks for the analysis
Since the Markets are directionless today with next to no volume as North American traders are on holiday, M5 trading in my PDT time zone is a waste of time so I reviewed previous posts and I believe I owe you an apology for my response to this post.

M5 PASR Trend Trading, while SIMPLE, is not easy, and requires our full time, focus and attention. Unfortunately, I did not practice what I preach and PASR trend traded GBPNZD and EURNZD on M5 while, at the same time, answering posts on this thread. This put me under a lot of stress and pressure which caused me to respond to you in the way that I did so please accept my apologies for doing so. Thank you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,494
  • Oct 8, 2018 11:14am Oct 8, 2018 11:14am
Quoting strat
GBP AUD M5 PASR Trend Trading 70 pips {quote} Well done, Malu! There is so much value in those two lines that I will repeat them for the benefit of the flash readers, PASR Lurkers, Lurkers and Trolls: Jumped on the TREND when it got established in the morning I usually WAIT 1-2 hours before I enter - that is the time when London (and Frankfurt) starts to trade. Forget Frankfurt trading - it is much like Asian trading - low volume and directionless.
Thanks for your comment, Strat. Of course you are right: London moves the market, not Frankfurt.
  • #7,495
  • Oct 8, 2018 11:24am Oct 8, 2018 11:24am
Quoting strat
GBPUSD and GBPNZD M5 PASR Trend Trading 93 pips {quote} Since the Markets are directionless today with next to no volume as North American traders are on holiday, M5 trading in my PDT time zone is a waste of time so I reviewed previous posts and I believe I owe you an apology for my response to this post. M5 PASR Trend Trading, while SIMPLE, is not easy, and requires our full time, focus and attention. Unfortunately, I did not practice what I preach and PASR trend traded GBPNZD and EURNZD on M5 while, at the same time, answering posts on this thread....
Can i just say, nothing to do with me. But classy act this reply.
It's in fear when people show what they truly value.
  • #7,496
  • Oct 8, 2018 11:46am Oct 8, 2018 11:46am
Quoting Svolacius
{quote} I'll try to describe what I see. I am trying to implement more of "seeing beyond the candles" way of thinking into my trading, that is trying to understand why one or another Price Action appears and use that information to understand the big picture. I've put comments on one of the charts, as USD/CAD seems a little too messy for my brain to crunch right now. However, I am interested in what you guys think about this way of analysis. I hope I got at least something correct, that's my first time trying this sort of thinking which I like much...
Hi Svolacius,

I'll leave my analysis since I already had it ready to post it

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"However, I still struggle to figure out what happened to Supply/Demand in the candle prior to the last one..."
As I have said in my chart, price was held by StratShadow but couldn't get lots of sellers to keep that sell off StratShadow and in next week just recorded a BUEB with an important tail (showing rejection from support) included and what it's also very important, it seems it started listening to her BOSS (BIG BOSS) and following the Hammer it marked in August that it hasn't been invalidated yet since its low hasn't been taken out.
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IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #7,497
  • Oct 8, 2018 11:57am Oct 8, 2018 11:57am
Quoting strat
CADJPY M15 PASR Trend Trading 37 pips {quote} Thank you for posting, Yomi. Such a smart trader - trading the continuation of the TREND established on October 03, 2018. Because of your life and work circumstances, it seems your trading style has changed from entering multiple positions on M5 to just trading a single position based on checking your charts every 15 minutes. Of course, the pips mean NOTHING - what is important is how much your pip is worth which will compensate for multiple positions on shorter time frames. Just out of interest, Yomi,...
It always nice to hear from you, Strat.

It always look like you are here with me, because you are always right on point to what I do here that reflects on my trading, I know why...... because you are the Master here.

I stop trading multiple positions and since focus on single entry with bigger lots size, as you rightly said.

I did not trade last Friday, because I don't normally trade on NFP days.

Thank you for your guidance here.


Happy Trading,
Yomi.
Time always comes before price
  • #7,498
  • Edited 12:36pm Oct 8, 2018 12:25pm | Edited 12:36pm
Quoting strat
GBPCAD & USDCAD {quote} 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...
This price action is telling me that price is in equilibrium as there are buyers and sellers in this area of the BRN in both (1.7000 in GBPCAD and 1.3000 in USDCAD) and the current WCC. So I would stand aside until a decision is made to move price up or down and the WCC is broken either way.
The 200ema on the USCAD is below price so the probability is that price may go higher
The 200ema on the GBPCAD is above price so the probability is that price may go lower
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  • #7,499
  • Oct 8, 2018 12:57pm Oct 8, 2018 12:57pm
Quoting strat
USDCAD M5 PASR Trend Trading {quote} 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?
I completed studying this thread on Sunday and will focus on the old thread. I must say if applied correctly both the STRAT shadow and PASR do help me stay out of bad set ups. I did manage to locate some trades today, but didn't trade. I am currently learning M5 strategy which is rather a challenge considering my work situation, but what helps me is reviewing H1 STRAT shadow and PASR each night to formulate directional bias.
  • #7,500
  • Oct 8, 2018 12:59pm Oct 8, 2018 12:59pm
Quoting strat
GBPUSD and GBPNZD M5 PASR Trend Trading 93 pips {quote} Since the Markets are directionless today with next to no volume as North American traders are on holiday, M5 trading in my PDT time zone is a waste of time so I reviewed previous posts and I believe I owe you an apology for my response to this post. M5 PASR Trend Trading, while SIMPLE, is not easy, and requires our full time, focus and attention. Unfortunately, I did not practice what I preach and PASR trend traded GBPNZD and EURNZD on M5 while, at the same time, answering posts on this thread....
no worries. no need to apologize in any case. I am almost never insulted on the internet nor in face to face situations. and sometimes my very style of writing short sentences creates ambiguity.
I have felt all that stress myself messing with the short timeframes while learning your method all this time. I know how it feels. You have much more patience than I have for sure, by helping all those people here ( me included ).
Abit of bollocking helps as well to force oneself to view more perspectives.

And something related to the thread. I have noticed many people have stopped "explaining" themselfs and why they made some mistake or other in a trade, and rather accept the sharp or mild reviews from others and (hopefully) learn from those. For me that was one of the biggest changes that trading forced upon me.
To accept the mistakes, not to rationalize/excuse as to why I did those and then start learning from them.
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