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Strat's PASR Long Term, Stress Free Trading

  • #7,901
  • Oct 23, 2018 12:23pm Oct 23, 2018 12:23pm
GBPNZD M1 PASR TREND Trading

Since we as West Coast traders, are 8 hours behind London and 3 hours behind New York where all the volume and volatility is, I have been looking for something better than M5 and M15 to consistently produce at least 10 pips and, without being glued to the one eyed monster for more than 2 hours.

My initial search was for PASR during Asian trading (Tokyo) on their currencies. This was not consistently profitable due to low volume and volatility trading low volatility pairs.

This last year I have tried with 10 pips fixed profit on M5 and 20 pips fixed profit on M15 on my 7 high volatility pairs. This is break even at best with having to place a Stop Loss which wipes out profits gained. Worse than that, these are Stop Orders placed ahead of PRICE ACTION meaning I am at the mercy of the Market much like Export Advisors, black boxes etc., instead of ME being IN CONTROL.

For the last several months I have been trading M1 PASR Trend Trading which, surprisingly, IS consistently profitable PROVIDING the pair chosen has reasonable volume and volatility.

Today, I traded GBPNZD M1 with my PASR Trend Trading strategy ahead of GBP Red News (BOE Gov Carney Speaks) expecting to get a boost in pips since the "News" is almost always already factored into PRICE by the Big Boys meaning PASR almost always has us positioned correctly ahead of News. While there was not the impact seen in the last weeks from this, it still made a few pips.

My "Core Strategy" is still Trend Trading and Swing Trading on the Daily and Weekly time frames where the multiple quadruple pips are but M1 PASR Trend Trading allows me to profit in my first few morning hours while making a few pips and sharpening my PASR skills.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #7,902
  • Oct 23, 2018 1:03pm Oct 23, 2018 1:03pm
PASR THE PATH

Quoting ixam23
Hi Strat, First of all i want to thank you for starting this thread (and the old one of course i.e. teaching your PASR system to us). I just came across it a little bit more than a week ago. I started by reading the PDF and the Index on your old website to get a overview what this is all about. After that i started reading the first thread, and was able to read 1/3 till now, but the rest will take me somehow longer since I don't have that much free time now. (which is a pity) This is the first thread I'm really confident about to help me get consistently...
Thank you for your thanks. In this day and age where everything is taken for granted, it IS appreciated.

I have already come across J16 before, and while i find his style is somehow similiar (PA around SR), this thread is way more better in learning by reading through the pages (AND OF COURSE the support of the community here) - the J16 thread seems sometimes quite random to me.

This was a terrific thread for PRICE ACTION where I referred PASR students to in their quest to learn PRICE ACTION candles. However, it is now COMMERCIAL and ONLY the Marketing Promotional Arm for ""ABOUT THE JAMES16 GROUP PAID SERVICE"" where their real money is made.

I'm already trading minimum positions with respect to what I've learned till now (i know I shouldn't - as written by you often), but I just feel more focused on learning if I'm actually using everything i have already learned in live trading - i know it will be a rather long journey until I will become consistently profitable over time - but I'm willing too read, learn and practice as long as required.

You are saying all the "right words" but so have many that have gone before you and FAILED to follow THE PATH. Your thread history and current subscriptions suggests you will likely fail also. However, we will give you the benefit of doubt.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,903
  • Oct 23, 2018 1:37pm Oct 23, 2018 1:37pm
PASR THE PATH

Quoting Tetulla
Hello Strat, Just a quick one to say thank you, I have been on the old thread for a while making sure i'm not flash reading but reading and understanding the PATH. Its amazing that you have kept on teaching us for such a long time "what a commitment !!". And your method of teaching is fantastic, because it feels so much better when we figure out the answers ourselves, from what I would like to call your pointings in the right direction. I know I have been a lurker for a while but by my nature i don't like asking questions that has been answered...
Hello young man, its good to see you making another post after your last post on February 20, 2018! Does this mean you are coming out of the LURKER darkness?

Again, thank you for your thanks. In this day and age where everything is taken for granted, it IS appreciated.

Its amazing that you have kept on teaching us for such a long time (February 2009) - "what a commitment !!".

There have been many times, after adverse comments from the "Negative Nellies", "self proclaimed gurus" and "know it alls" where I thought "screw the lot of you" and end it all as it is just not worth my time and energies. Then along comes someone asking for help and I am "hooked" again. I decided on this second thread not to entertain these "Negative Nellies", "self proclaimed gurus" and "know it alls" and immediately ignore and block them from posting.

And your method of teaching is fantastic, because it feels so much better when we figure out the answers ourselves, from what I would like to call your pointings in the right direction.

In my Professional Career, I quickly learned that giving out help, information and answers was of no use whatsoever as the help, information and answers were either not absorbed, learned, understood or applied as the same requests were continually being asked.

My decision to ""SPOON FEED"" rather than blatantly post help, information and answers was encouraged (nay begged!) by Nicola (elitejets) after our many mutual private communications resulting from our participation on other Forex Forums.

I know I have been a lurker for a while but by my nature i don't like asking questions that has been answered a few times.

So I'm officially registered on the PATH.

You can ONLY be on THE PATH if you regularly post and participate in trading discussions. Do not worry about "" I don't like asking questions that has been answered a few times"" - go ahead and ask as they will SERVE to refresh our memories on things we take for granted.

This little nonsense is just to say A BIG THANK YOU

Its not nonsense and thank you again.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,904
  • Oct 23, 2018 2:12pm Oct 23, 2018 2:12pm
Quoting huatzhi
NZDUSD (Coming soon papertrade?) BB {image} Bearish immediate trend. In price history, price generally will hit another SR if one is crossed. August was a BEEB. B {image} Past 2 weeks are retracements. While last 2 candle are bullish, the gapped up could be causing seller coming back? Seller is still in control with the WCC. W {image} Waiting for PASR setup. Not the most volatile pair though.
I can't speak as to if the kiwi will follow, but there is currently an unresolved election in Australia for the former prime minister's seat. If the current government fails to retain it, it could lead to a federal election. Lots of political instability now, and the wheels are rapidly conning off the economy, despite the rosy job reports.
  • #7,905
  • Oct 23, 2018 2:36pm Oct 23, 2018 2:36pm
AUDJPY

Even though I came back to THE PATH, I saw this double bottom on the 4h chart.
The R / R ratio is not the best, but 80.00 as the first TP are affordable.
Greetings to all.
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Frank
  • #7,906
  • Oct 23, 2018 2:36pm Oct 23, 2018 2:36pm
Quoting strat
NZDCAD Basic PASR {quote} This is CLASSIC BASIC PASR on H4 but will be difficult to understand for those early on THE PATH
Thanks for replying, Strat!
If I may ask you, where had you opened your position based on H4?
Having a look to H4 chart, I'd open a position above the high of candle where price closed above 0.84 resistance, marked a new HL(Higher Low) and price was held by StratShadow.
The only thing that I don't see its a proper PASR candle, but I guess that those who are experienced in PASR don't only look for perfect PA candle (BUEB, BUEOB, etc.) but they SEE BEYOND THE CANDLES and how they behave between each other.

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IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #7,907
  • Oct 23, 2018 2:52pm Oct 23, 2018 2:52pm
Quoting strat
AUDCAD WORKER (lose) {quote} Thank you for your honesty and integrity in posting this, Eurotrader. I'm posting this one knowing I was advised by Strat and others not to take this one. Never, ever take the advice of 3rd parties! Remember this? TRADE WHAT YOU SEE ON YOUR CHARTS! I recognize I wasn't 100% sure about this one (RR wasn't good among other things) and I was impatient (that's something I have to focus on asap). You answered this yourself in your next sentence. so I'm guessing that when I'm not 100% sure about my analysis or everything I...
Thank you, Strat! I only want to improve and make it as a trader, but I know it's going to be a long way to go.

IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
Thanks, again! Now I just got a new signature that will help to remember it

Maybe you entered this after a night of paella, red wine and partying?
Lucky me, markets are closed when I have that

Not too many of that lately though, since I have to get spare time to invest in becoming a consistently profitable trader.
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #7,908
  • Oct 23, 2018 2:59pm Oct 23, 2018 2:59pm
NZDCAD

Quoting Eurotrader17
{quote} Thanks for replying, Strat! If I may ask you, where had you opened your position based on H4? Having a look to H4 chart, I'd open a position above the high of candle where price closed above 0.84 resistance, marked a new HL(Higher Low) and price was held by StratShadow. The only thing that I don't see its a proper PASR candle, but I guess that those who are experienced in PASR don't only look for perfect PA candle (BUEB, BUEOB, etc.) but they SEE BEYOND THE CANDLES and how they behave between each other. {image}
That was a comment on your trade, Post 7829. I don't trade NZDCAD unless there is nothing else going on. BTS traded it on H4.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,909
  • Oct 23, 2018 3:19pm Oct 23, 2018 3:19pm
Quoting Humbucker
Hi All Sorry been away doing the 'family stuff' I mentioned. My son was born 2 weeks ago, and my new job starts in a month. Currently i'm planning a transition from M5 to long term PASR to cope with the demands of my new family/work life. Ima write me a PLAN! See you when I catch up on sleep!
Congratulations on the birth of your son!

Quoting huatzhi
There seems to be a PASR setup couple days ago. USDJPY BB {image} Lot's of BUEB from a hammer, testing resistance. Unlike CADJPY, it kind of already broke out the triangle. B {image} Support by static SR confluence with Strat shadow. W {image} BUEB on Strat Shadow, static SR and fib 61.8 confluences. However, the very next SR only get 1:1 RR. Con of this trade was having a bearish long bar on B after doji (at the moment when BUEB is formed). Now as it formed a hammer-ish candle on last week, can look for next PA. but only targeting 113.86, if RR...
USDJPY BASIC PASR WORKER

I also saw this one and took a long on it. Let's see how it resolves
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However, the very next SR only get 1:1 RR
Based on my analysis I see the next strong support at 114.47 so I get a better RR because of that but I could be too optimistic and maybe the high of July 2018 (113ish) could act as a resistance rather than just a wobble area.
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #7,910
  • Oct 23, 2018 3:37pm Oct 23, 2018 3:37pm
Quoting Eurotrader17
{quote} Thanks for replying, Strat! If I may ask you, where had you opened your position based on H4? Having a look to H4 chart, I'd open a position above the high of candle where price closed above 0.84 resistance, marked a new HL(Higher Low) and price was held by StratShadow. The only thing that I don't see its a proper PASR candle, but I guess that those who are experienced in PASR don't only look for perfect PA candle (BUEB, BUEOB, etc.) but they SEE BEYOND THE CANDLES and how they behave between each other. {image}
I look for confluence to find my PASR levels. I then attempt to read beyond the candles before and during my trade placement.

My first entry on this used the previous Boss close. The previous worker low and the previous worker close. Then the H4 price action in that zone with the Strat Shadow on the back of where the Big Boss had visited and where I though it might be heading with all of the above. I didn't look at H4 in isolation but just jumped onto it's trend half way through it.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #7,911
  • Oct 23, 2018 11:27pm Oct 23, 2018 11:27pm
Quoting bistolis
{quote} hi pete you had already a WCC 2 candles earlier{image}
Hi Bistolis

Well spotted! I agree.

Regards
Pete
  • #7,912
  • Oct 23, 2018 11:30pm Oct 23, 2018 11:30pm
Quoting Malu
{quote} Thanks Pete for this great post. For me, the sentence above is (maybe) the most important one. I always compare this with a marathon: we are all on a LONG LONG run. And hopefully we will reach the finish (meaning here: becoming a consistantly profibale trader). Thanks again...
Hi Malu

Yes, let's hope we are all still there holding hands as we cross the finish line!

Regard
Pete
  • #7,913
  • Oct 24, 2018 12:33am Oct 24, 2018 12:33am
Quoting Eurotrader17
{quote} Congratulations on the birth of your son! {quote} USDJPY BASIC PASR WORKER I also saw this one and took a long on it. Let's see how it resolves {image} However, the very next SR only get 1:1 RR Based on my analysis I see the next strong support at 114.47 so I get a better RR because of that but I could be too optimistic and maybe the high of July 2018 (113ish) could act as a resistance rather than just a wobble area.
Looking at it on the 4hr chart, there was a nice hammer about 4am my time. That would've got you in with about a 50 pip stop loss and been in profit now. It would've been the 2nd last four hour candle for the day.
  • #7,914
  • Oct 24, 2018 1:41am Oct 24, 2018 1:41am
Quoting strat
PASR THE PATH {quote} Your intentions are very good, Augustas. Maybe share it by PM but ONLY with students on THE PATH?
Do I qualify for this memory refresher? would be much appreciated.
  • #7,915
  • Oct 24, 2018 6:22am Oct 24, 2018 6:22am
Hi Strat and all,

Hope everyone is well. I see some new faces, as well as familiar ones.

I have settled my personal matters and am ready to join in the discussion once again. I will have to catch up on the 50+ pages that I have missed over the past few months.

I also have some ongoing trades which I will post and share when I am back on the computer.

Cheers,
Miku
  • #7,916
  • Oct 24, 2018 7:21am Oct 24, 2018 7:21am
GBPUSD M5 PASR Trend Trading:




Happy Trading,
Yomi.
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Time always comes before price
  • #7,917
  • Oct 24, 2018 7:51am Oct 24, 2018 7:51am
EUR AUD M5 Trend Trading

as usually, when I have a look at M5 trend I wait in the morning until 8.30/9.00 am (London time) until I jump on the train.
Today it worked very well: I added the position and especially the exit was fine.

What gives me food for thoughts is the fact, that at the moment I feel a bit more comfortable trading M5, although I am trying to focus on the longer time-frames (worker) as well. Maybe that sounds strange, but on M5 I "see" the trades better/easier than on the longer time-frames - could be that I am over-complicating things here?!?

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  • #7,918
  • Oct 24, 2018 7:54am Oct 24, 2018 7:54am
Quoting Malu
EUR AUD M5 Trend Trading as usually, when I have a look at M5 trend I wait in the morning until 8.30/9.00 am (London time) until I jump on the train. Today it worked very well: I added the position and especially the exit was fine. What gives me food for thoughts is the fact, that at the moment I feel a bit more comfortable trading M5, although I am trying to focus on the longer time-frames (worker) as well. Maybe that sounds strange, but on M5 I "see" the trades better/easier than on the longer time-frames - could be that I am over-complicating...
I find it easier as well. though on M5 you get trend trading opportunities alot more often than on the daily charts
  • #7,919
  • Oct 24, 2018 8:02am Oct 24, 2018 8:02am
Quoting bistolis
{quote} I find it easier as well. though on M5 you get trend trading opportunities alot more often than on the daily charts
That's exactly my point bistolis. On the longer-time frames I often find reasons not to take a trade. I know professionals are looking for reasons not to take a trade, so I thought maybe I am "thinking" to much.
But good to hear that I am not the only one...
  • #7,920
  • Oct 24, 2018 8:08am Oct 24, 2018 8:08am
Quoting Malu
EUR AUD M5 Trend Trading as usually, when I have a look at M5 trend I wait in the morning until 8.30/9.00 am (London time) until I jump on the train. Today it worked very well: I added the position and especially the exit was fine. What gives me food for thoughts is the fact, that at the moment I feel a bit more comfortable trading M5, although I am trying to focus on the longer time-frames (worker) as well. Maybe that sounds strange, but on M5 I "see" the trades better/easier than on the longer time-frames - could be that I am over-complicating...
Traders do not find good trades, but good trades find traders. The best trades are self-evident, like the EURAUD that you took. On any given day, you see what the market is offering and take the trade or don't. Trouble comes with trying to ''shoehorn" an idea into a trade the market isn't offering. The key words here's patience. Weldone.


Happy Trading,
Yomi.
Time always comes before price
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