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Strat's PASR Long Term, Stress Free Trading

  • #7,701
  • Oct 14, 2018 2:04pm Oct 14, 2018 2:04pm
CAD/JPY:

Even though CAD dropped significantly during last week against the JPY, there seems to be some interest from the Buyers again, since this pair has been climbing for most of this year. See attached comments on the charts. No PA to act on yet, but I am training my eye to see the buyers and sellers before the move to either side.

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  • #7,702
  • Oct 14, 2018 2:22pm Oct 14, 2018 2:22pm
Quoting strat
Another observation: And my takeaway from this post is: Strat still has his hair! Yes, darko can confirm this, although now it has started to wave............................................................wave "Goodbye!"
The man has a lion's mane
  • #7,703
  • Oct 14, 2018 3:28pm Oct 14, 2018 3:28pm
Hi everyone, I'm back after a hard week (I'm a student so I work for my diploma but I study PASR every night, I even take cold showers to wake me and study this forum aha)

Another question that bothering me on the WCC!

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On this chart AUD/JPY, we can see that the price came out of the WCC but it is not obvious indeed, it is only out of 5 pips

So what do you think of that?

I hope to post other analyses this week if time allows me

Landax
  • #7,704
  • Oct 14, 2018 3:41pm Oct 14, 2018 3:41pm
As many of you have said, we must learn every day new things about PASR, work hard, study even more graphics so that we can free ourselves from this routine or work that we do not like in order to have the most beautiful thing of any... time.

I am also at the end of my studies and I count if my progression allows me to start my account at 100% in 2 years, time to gain experience.

I will progress by studying, but also by questioning myself, by helping others and by getting help.

Thank you for allowing me to learn so much about trading
  • #7,705
  • Oct 14, 2018 6:39pm Oct 14, 2018 6:39pm
Hi Strat,

The sails on my Excel sheets are set, (after 2 days of clearing and trimming).
All 8 charts have S/R's; 20/50ma's and nothing else.
The winds are steady, with a few hurricanes roaming the seas.
Squalls are to be expected.

Each pair trading plan is waiting for the ink to hit the paper.
Then, when the winds a line, out into the harbor I go, and off to my first PASR trade.

Every course is set in advance. I will reach my destination or hit the rocks, no other option is on board this craft.

PS: It sounds like your Mandarin is just fine, after 2 years each for two different times in China, my Mandarin still sucks
  • #7,706
  • Oct 14, 2018 7:43pm Oct 14, 2018 7:43pm
Quoting macuba
GBPUSD Hello fellow traders whats is your opinion on this setup. BB : In downdtrend last year with a swing for the last two months B : Price is ranging to resistance 1.330 for the last 4 weeks W : We have got basic PASR last candle BEEB closed under resistance and under 200 EMA. So do you think i read the chart right ? Are all the criteria met to go short? Do we have any reason to wait for price action to move further to decide? {image} {image} {image}
Ignoring GBP's funny mental, hammer at August from BB and another hammer-ish candle at September 30th from B keep me away from shorting GBPUSD. There are things keep me away from long either until it is resolved.

Plus, the gap (though to be fair, you can't see that before market open).

Immediate trend of BB and B is what matter if I am not wrong.
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I still not having high success chance on F12 practice, my perspective could be pretty wrong though.
  • #7,707
  • Edited 8:57pm Oct 14, 2018 8:03pm | Edited 8:57pm
Quoting macuba
GBPUSD Hello fellow traders whats is your opinion on this setup. BB : In downdtrend last year with a swing for the last two months B : Price is ranging to resistance 1.330 for the last 4 weeks W : We have got basic PASR last candle BEEB closed under resistance and under 200 EMA. So do you think i read the chart right ? Are all the criteria met to go short? Do we have any reason to wait for price action to move further to decide? {image} {image} {image}
Hi Macuba,

This is what I see.

BigBoss - May be its trying to put swing low , But not yet clear. looks bullish to me.
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Boss - found resistance at Strat Shadow. Last four candles tells me indecision. PRICE barely managed to close above Weekly Control Candle. However Strat Shadow is bearish
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Worker - PRICE closed above Strat Shadow but found resistance at 200. However Strat Shadow (looks) turning green, but Flat. It seams PRICE might go side ways (well...it is going side ways)
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Big boss ,Boss and Worker giving conflicting signals to me. So my thought is to STAY OUT.
And Brexit thing also not finalised.

Just my 2 cents but worth only 1 cent (until Experts come and gives you a review)

Suranga



P.S looks Huatzhi defeated me..
Focus, Patience, Discipline, Determination and Perseverance
  • #7,708
  • Oct 14, 2018 8:51pm Oct 14, 2018 8:51pm
Quoting M777
Hi Strat, The sails on my Excel sheets are set, (after 2 days of clearing and trimming). All 8 charts have S/R's; 20/50ma's and nothing else. The winds are steady, with a few hurricanes roaming the seas. Squalls are to be expected. Each pair trading plan is waiting for the ink to hit the paper. Then, when the winds a line, out into the harbor I go, and off to my first PASR trade. Every course is set in advance. I will reach my destination or hit the rocks, no other option is on board this craft. PS: It sounds like your Mandarin is just fine, after...
Hi, we are using 20 ema and 72 ema to form the Strat Shadow at the moment instead of 20/50ma's.
  • #7,709
  • Oct 14, 2018 10:47pm Oct 14, 2018 10:47pm
Hi Team,

Just stop by to say that, I am going away for while ( 10 days) for a soul searching Retreat. So no internet,no computer, no phone until 26th this month.


So catch you guys after 26th. Trade well and be happy.

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #7,710
  • Oct 14, 2018 11:05pm Oct 14, 2018 11:05pm
Quoting Suran
Hi Team, Just stop by to say that, I am going away for while ( 10 days) for a soul searching Retreat. So no internet,no computer, no phone until 26th this month. So catch you guys after 26th. Trade well and be happy. Suranga
But Maharishi Mahesh Yogi died in 2008 - is there a new guy? Take care, Suranga
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,711
  • Oct 14, 2018 11:51pm Oct 14, 2018 11:51pm
Quoting strat
{quote} But Maharishi Mahesh Yogi died in 2008 - is there a new guy? Take care, Suranga
He he new guy in town.Take care
Focus, Patience, Discipline, Determination and Perseverance
  • #7,712
  • Oct 14, 2018 11:56pm Oct 14, 2018 11:56pm
Quoting strat
AUDJPY {quote} Very good, Ben, but don't fall into the trap of SEEING what isn't there. As with our PASR Set Ups, SEEING BEYOND THE CANDLES should stand out like a sore thumb. Thanks JCMPete, BTS and Eurotrader - TRADERS HELPING TRADERS My first observation is ""Where is the Big Boss?"" Even though your Worker will be H4, we ALWAYS start our analysis with the Big Boss. Again, I always start any analysis with the Big Boss and many times, if I don't UNDERSTAND it, I am done with it and waste no more time on it and move onto another pair. I think someone...
Thanks everyone, I didn't really see much difference between the big boss and boss charts so left the big boss chart out. They seem to tell much the same story, 80.00 is significant support.
I'm marking this as a paper trade to see what it does, but I'm not convinced enough to trade it.

Quoting macuba
GBPUSD Hello fellow traders whats is your opinion on this setup. BB : In downdtrend last year with a swing for the last two months B : Price is ranging to resistance 1.330 for the last 4 weeks W : We have got basic PASR last candle BEEB closed under resistance and under 200 EMA. So do you think i read the chart right ? Are all the criteria met to go short? Do we have any reason to wait for price action to move further to decide? {image} {image} {image}
Check the post above yours! I'd stay out for now, brexit negotiations are throwing this all over the place over the next couple of weeks. Looks like others have covered everything else I would have to say too.

Quoting Svolacius
Are Big Boys interested in Gold again? Seemed to be very calm for quite some time. {image} {image}
Awfully inviting candle isn't it? I'm going to keep an eye on it, if there's the high, higher low, then I'll be interested.
Cadjpy isn't a pair I follow, but I do like the look of those charts, although there might not be much until after brexit stuff and the mid term elections in the USA.
Quoting landax
Hi everyone, I'm back after a hard week (I'm a student so I work for my diploma but I study PASR every night, I even take cold showers to wake me and study this forum aha) Another question that bothering me on the WCC! {image} {image} On this chart AUD/JPY, we can see that the price came out of the WCC but it is not obvious indeed, it is only out of 5 pips So what do you think of that? I hope to post other analyses this week if time allows me Landax
For me it's not enough to call it out of the control candle. It's not really definitive.
  • #7,713
  • Oct 15, 2018 7:19am Oct 15, 2018 7:19am
Strat and PASR traders,
Could you please comment on my analysis? I appreciate any words and opinions. Thanks.

EUR/NZD analysis for this week.
BB: SS green, had higher high, price climbed to S/R 1.79ish and was rejected. It was the highest price in last 3 years.
B: SS green, up trend, on the 5th wave. the WCC is a long green candle.
W: SS green, up trend, price tested S/R 1.77ish a few times and were rejected.
Plan: Watch closely on price 1.77ish. Once there is a long signal, go long with M5 time frame. If the price break down 1.77ish with short signal, go short with M5 and D1 time frame.

Big Boss
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Boss
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Worker
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We don't see things as they are, we see them as we are.
  • #7,714
  • Oct 15, 2018 8:25am Oct 15, 2018 8:25am
Quoting Victoria2017
Strat and PASR traders, Could you please comment on my analysis? I appreciate any words and opinions. Thanks. EUR/NZD analysis for this week. BB: SS green, had higher high, price climbed to S/R 1.79ish and was rejected. It was the highest price in last 3 years. B: SS green, up trend, on the 5th wave. the WCC is a long green candle. W: SS green, up trend, price tested S/R 1.77ish a few times and were rejected. Plan: Watch closely on price 1.77ish. Once there is a long signal, go long with M5 time frame. If the price break down 1.77ish with short...
sorry but what does M5 have to do with your daily timeframe?
are you going to watch the whole next day M5 after you get Price Action to go long/short on the previous day's candle?

notice that Price is inside a weekly control candle as well now
  • #7,715
  • Oct 15, 2018 8:55am Oct 15, 2018 8:55am
Quoting Victoria2017
Strat and PASR traders, Could you please comment on my analysis? I appreciate any words and opinions. Thanks. EUR/NZD analysis for this week. BB: SS green, had higher high, price climbed to S/R 1.79ish and was rejected. It was the highest price in last 3 years. B: SS green, up trend, on the 5th wave. the WCC is a long green candle. W: SS green, up trend, price tested S/R 1.77ish a few times and were rejected. Plan: Watch closely on price 1.77ish. Once there is a long signal, go long with M5 time frame. If the price break down 1.77ish with short...
I second Bistolis on his comments. I think you may need to pick a TF to trade and stick to it.

If you trade M5, you only look at M5 + H1/H4 S/Rs
If you trade H1, you look at H4 and the Worker that tell H1 where to go
If you trade H4, you look at the Worker and the Boss that tell H4 where to go
If you trade the Worker, you look at the Boss and the Big Boss that tell the Worker where to go

Now, the tricky part is to select the TF that corresponds to your natural inclination and psychology.
  • #7,716
  • Oct 15, 2018 9:01am Oct 15, 2018 9:01am
Quoting bistolis
{quote} sorry but what does M5 have to do with your daily timeframe? are you going to watch the whole next day M5 after you get Price Action to go long/short on the previous day's candle? notice that Price is inside a weekly control candle as well now
Hi bistolis,
'sorry but what does M5 have to do with your daily timeframe? are you going to watch the whole next day M5 after you get Price Action to go long/short on the previous day's candle?'
I might confuse you about my trading plan about the time frames. I plan to trade on M5 during the London morning session on Tuesday, Wednesday and Thursday. The M5 trades are to practice my PASR skills and trading psychology. It will have less opportunities if I only trade on D1.

'notice that Price is inside a weekly control candle as well now'
Thanks for pointing out this. I have noticed. The short trade - if it had one - would use the price 1.75ish (the bottom of the WCC) as the profit taking point.

Really appreciate your response.
We don't see things as they are, we see them as we are.
  • #7,717
  • Oct 15, 2018 9:37am Oct 15, 2018 9:37am
Quoting darko2010
{quote} I second Bistolis on his comments. I think you may need to pick a TF to trade and stick to it. If you trade M5, you only look at M5 + H1/H4 S/Rs If you trade H1, you look at H4 and the Worker that tell H1 where to go If you trade H4, you look at the Worker and the Boss that tell H4 where to go If you trade the Worker, you look at the Boss and the Big Boss that tell the Worker where to go Now, the tricky part is to select the TF that corresponds to your natural inclination and psychology.
Hi darko,
The TF in my post was very confusing. Sorry about it.
My second post has explained it.
I would like to add explanation more here.
Ultimately, I want to trade D1 even W1. However, as a new student in PASR as well as a newbie in Forex, I need to practice PASR skills and trading psychology as much as I can. As Strat said in one post, the 288 M5 candles per day will create more opportunities.
I just reduced my working hours to trade. The reduced hours will be particularly used for the M5 trading.
I am quite lucky. My work time is flexible and my job is more results oriented.

I know you are very good with M5. I am looking forward to seeing more your comments on my charts in the future.
We don't see things as they are, we see them as we are.
  • #7,718
  • Oct 15, 2018 9:57am Oct 15, 2018 9:57am
GBPUSD

Quoting macuba
GBPUSD Hello fellow traders whats is your opinion on this setup. BB : In downdtrend last year with a swing for the last two months B : Price is ranging to resistance 1.330 for the last 4 weeks W : We have got basic PASR last candle BEEB closed under resistance and under 200 EMA. So do you think i read the chart right ? Are all the criteria met to go short? Do we have any reason to wait for price action to move further to decide? {image} {image} {image}
Maybe too much Ouzo before you posted this?

See my Post right before you posted this - Post 7698

PRICE opened with a 65 pip GAP - unheard of in Forex!

For brain dead, ice cold, balls of steel, PASR traders, PASR already had us positioned SHORT, so their thrill would have given them a 65 pip hand out as soon as they opened up their chart.

For the rest of us, PRICE ACTION is being distorted by the "talking heads" to the point that analysis on this pair is pointless - especially for practice (although it is fun to watch)
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,719
  • Oct 15, 2018 10:05am Oct 15, 2018 10:05am
Quoting Victoria2017
{quote} Hi darko, The TF in my post was very confusing. Sorry about it. My second post has explained it. I would like to add explanation more here. Ultimately, I want to trade D1 even W1. However, as a new student in PASR as well as a newbie in Forex, I need to practice PASR skills and trading psychology as much as I can. As Strat said in one post, the 288 M5 candles per day will create more opportunities. I just reduced my working hours to trade. The reduced hours will be particularly used for the M5 trading. I am quite lucky. My work time is flexible...
It's true about the trading opportunities on M5 rather than on Worker. However, I think that M5 is best used when you understand Basic PASR and Swing PASR as well as trading psychology first. That is the main reason why I do not trade M5 - it's just mentally too much, you've got to act quick and when you're just learning Basic or Swing PASR, M5 Trend Trading might be too difficult to handle.

That's why I think Worker (or H4 as well) allows you to get better at controlling your Little People and allows you to make proper decision making which is not stressful since you've got enough time to analyse what's happening on the chart.

Of course, that's just my view on it. I just cannot trade M5 at all - it's too stressful and quick for my trading style. If you understand M5 better than your Worker - that's great!
  • #7,720
  • Oct 15, 2018 10:14am Oct 15, 2018 10:14am
XAUUSD GOLD

Quoting Svolacius
Are Big Boys interested in Gold again? Seemed to be very calm for quite some time. {image} {image}
Only Rub willing to help - thanks Rub - TRADER HELPING TRADERS

Since Gold is a safe haven when world wide stock markets tumble, money will always flow out of stocks and into gold. However, it seems it is not on the radar of the gold bugs as it was from 2002 through 2011 and is just meandering sideways between 1150 and 1380

Those interested in trading this should watch for PRICE to re-test the Worker Strat Shadow before entering LONG.
15 YEARS OF PASR ON FOREX FACTORY!
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