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Strat's PASR Long Term, Stress Free Trading

  • #8,061
  • Oct 29, 2018 4:52am Oct 29, 2018 4:52am
Quoting brian661
start my work before the sun rise and end my work after my dinner in the last 2 weeks, as a Japanese programmer... Finally I completed my task at 5a.m. this morning and back to analysis after a sleep. EURNZD Monthly : the price is rejejected by the support and the 200EMA last and this month Weekly : Confirmed string high on resistance Daily : Long tail candle show rejection at strat shadow Plan : Look for short if tomorrow the end of month candle closed below the previous month low {image} {image} {image} Missed for ~40pages of the thread and need...
Welcome back Brian, I agree with BTS and Rub.

The only thing to wait for now is the Monthly close to confirm the shooting star+ Engulfing, as well as a valid signal on the worker.
  • #8,062
  • Oct 29, 2018 7:10am Oct 29, 2018 7:10am
Quoting brian661
start my work before the sun rise and end my work after my dinner in the last 2 weeks, as a Japanese programmer... Finally I completed my task at 5a.m. this morning and back to analysis after a sleep. EURNZD Monthly : the price is rejejected by the support and the 200EMA last and this month Weekly : Confirmed string high on resistance Daily : Long tail candle show rejection at strat shadow Plan : Look for short if tomorrow the end of month candle closed below the previous month low {image} {image} {image} Missed for ~40pages of the thread and need...
Hello, the only thing in the text you put support instead of resistance although written correctly in the image
  • #8,063
  • Oct 29, 2018 9:18am Oct 29, 2018 9:18am
US Broker

Quoting TampaFX
Hello All, I wanted to post a quick introduction to the thread members. I started trading Forex 3 years ago and as many do I looked at several systems. After system hoping, I focused on Price Action, which changed everything about my trading. Following Strat's old thread, and working on a different m15 price action system (which is not important), drastically improved my trading. I took this year off from Forex to focus on options trading and relocate out of state. During this time I missed the many advantages of Forex Trading. My plan is to review...
Quick question for US traders - Which broker are you using? I am leaning towards Oanda but would appreciate your feedback.

Disappointed no-one is willing to help
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,064
  • Oct 29, 2018 9:26am Oct 29, 2018 9:26am
EURJPY

Quoting MikuSS
{quote} Hi Strat, Thank you for your detailed reply. I am not sure if I am a Hobby Trader, I am definitely trying my best to learn during my free time (at home, during travel). Sometimes it is difficult to juggle this and family/work, but I do what I can to be on the Path to be a profitable trader. When I talked about the ribbon, it is simply the colour of the Strat Shadow, and they do not mean the same thing. I simply used the name of the indicator. I will add the colours back in my charts. This is where H4 PASR Trend Traders are ADDING on to their...
This is where H4 PASR Trend Traders are ADDING on to their LONG positions --> Did you mean SHORT positions?

HappyTrend explained this to you but just in case, here it is again:

So, on the Daily chart we see CLASSIC PASR - a Shooting Star at the "end" of an UP swing. Experienced PASR traders know that no PASR Set Up guarantees a winning trade SO we have to WAIT for confirmation. We do NOT place a sell stop below the Shooting Star and instead, toggle down to H4 - WHY? Guess who is the BOSS of H4!

This is what we SEE at the END OF THE DAY when we toggle down to H4:

Attached Image


Those 2 arrows are indicating what you SEE when you toggle down to H4 at the End of the Day. H4 is STILL in its UP trend and showing PASR for adding on to the UP trend.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,065
  • Oct 29, 2018 9:41am Oct 29, 2018 9:41am
EURJPY

Quoting Rub
{quote} I see a large hammer where price has been driven into support but buyers have come in and returned price back to the top third of the candle. Could be a hint at the end of the down run, but I'm not going to treat it as such just yet. Seeing it's counter the trend of boss/big boss, it's more likely to be a swing low. {quote} I think you've marked most of the entries, there are a couple that I see that would've been entries to me but taken out at the stop loss or maybe break even if I was quick about moving the stop.
THANK YOU, Rub!

How is it the rest of you FAILED to identify a CLASSIC HAMMER, especially after all the recent posts I did on them and Shooting Stars.

It is nothing like a Depth Gauge - huatzhi had it right.

Had you toggled down to H4 and H1 you would have seen buyers already taking positions on Friday.

Here are H4 and H1 at the End of Day on Friday.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: b.PNG Size: 40 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,066
  • Edited 10:50am Oct 29, 2018 10:09am | Edited 10:50am
PASR THE PATH

Quoting Victoria2017
Exam time Hi Strat and senior PASR students, After one week intensive reading and studying, here is my answer sheet for the exam. I only post weekly analysis for three pairs. Would like to get feedback about the structure of my analysis, the drawing skills of SR and anything you think I don't do correctly. Any words & opinion are highly appreciated. I will adjust myself according to your feedbacks. Thank you in advance. One question: My data feed is from New York time 5pm to 5pm. Therefore I have 5 candles per week. For Strat Shadow set up, the...
Thank you Rub, bluedormouse, huatzhi and Svalacius for your comments - TRADERS HELPING TRADERS

After one week intensive reading and studying,

Well done!

I only post weekly analysis for three pairs.

PASR analysis uses a 3 time frame analysis starting with the Big Boss, then the Boss and finally our trading chart, the Worker.

My data feed is from New York time 5pm to 5pm. Therefore I have 5 candles per week. For Strat Shadow set up, the MA is 72 EMA, which is 12 weeks when there is 6 candles per week. In my case, should I set it as 60 EMA so I can make it to 12 weeks?

This is correct - no Sunday candles. You are over thinking and making something SIMPLE complicated. 72 it is.

GBPNZD: BB is down trend for long term, but the last 12 months is sideway. This month's candle (so far) is a small body with long up wick. Which means buyers were fighting but sellers are in control so far.

Very good. Looks like October will CLOSE as a gravestone doji at BRN 2.0

GBPCAD: BB is up trend with immediate down trend. This months's candle has small body with both wick. The up wick is three times long than down one. Both buyers and sellers are trying but sellers are stronger.

Good

USDCNH: Price reaches highest since Jan 2017. Possible double top.

As others have pointed out to you DO NOT TRADE the Yuan - It is both unstable and manipulated. Plus we have 22 other pairs to trade - why mess with exotics?

I don't understand your 2 dark blue dashed lines on the Worker.

Remove the ATR indicator at the bottom of your charts as it is taking up valuable space needed for the PRICE chart and instead, add it as a number - see my charts and those of others.

You did good. Make sure you spend thousands of hours reviewing PASR on thousands of charts using F12.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,067
  • Oct 29, 2018 10:12am Oct 29, 2018 10:12am
EURJPY

Quoting huatzhi
{quote} EURJPY BB {image} Firstly, last two month was a hammer and BUEB price action(buyers are around). As there is 3 trading day left, current month's candle weight abit higher, see-ing that it is most likely going to be BEEB(sellers are around). The price is content between (SR)BRN 127 and 132(supply and demand equilibrium for now?). There was 2 long wick rejection of support with the second forming a hammer, buying pressure is still around. I also would consider this is a continuation of uptrend since November 2016. However, in order for that...
Top dog analysis, huatzhi - well done!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,068
  • Oct 29, 2018 10:26am Oct 29, 2018 10:26am
GBPNZD

Quoting Victoria2017
{quote} GBPNZD My opinion and plan for the coming week: I think it is uptrend until the price break down 1.956 SR. However, the last daily doji with long up wick is very suspicious. Buyers tried hard but sellers won in the end. I will see if there are more buyers to join the battle in the next a couple of day. I plan to go long if there are more buyers walk in on 1.9680 SR. In another words, I will go long if there is bullish PASR setup. If not, wait for the price to 1.9560 SR and see how PA goes at that level.
WRONG! You have based all this on your analysis of the Worker and have completely forgotten your 3 time frame analysis.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,069
  • Oct 29, 2018 10:48am Oct 29, 2018 10:48am
EURNZD

Quoting brian661
start my work before the sun rise and end my work after my dinner in the last 2 weeks, as a Japanese programmer... Finally I completed my task at 5a.m. this morning and back to analysis after a sleep. EURNZD Monthly : the price is rejejected by the support and the 200EMA last and this month Weekly : Confirmed string high on resistance Daily : Long tail candle show rejection at strat shadow Plan : Look for short if tomorrow the end of month candle closed below the previous month low {image} {image} {image} Missed for ~40pages of the thread and need...
Good to see you back, Brian

You have comments from Rub, BTS, Miku and Tetulla - TRADERS HELPING TRADERS

Monthly : the price is rejected by the support and the 200EMA last and this month

As others have posted, PRICE is rejected by the "resistance"" AND BRN 1.8

Weekly : Confirmed swing high on resistance

Good! The Boss is now in a DOWN Swing

Daily : Long tail candle show rejection at strat shadow

Yes but PRICE was supported on October 19, 2018 telling us there is balance/equilibrium - agreement on PRICE between the sellers and buyers. When this happens we must WAIT to SEE where the Big Boys will take PRICE. (Short time frame traders can trade Basic PASR between the range)
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,070
  • Oct 29, 2018 11:19am Oct 29, 2018 11:19am
Quoting TampaFX
Hello All, I wanted to post a quick introduction to the thread members. I started trading Forex 3 years ago and as many do I looked at several systems. After system hoping, I focused on Price Action, which changed everything about my trading. Following Strat's old thread, and working on a different m15 price action system (which is not important), drastically improved my trading. I took this year off from Forex to focus on options trading and relocate out of state. During this time I missed the many advantages of Forex Trading. My plan is to review...
Hi Tampa,

I am not in US, but I have been using IC Markets with good spreads (ECN account). Good service as well. Not sure if it is available in the US.

Here in Singapore, a lot of people avoid Oanda because they are the Market Makers.

Cheers,
Miku
  • #8,071
  • Oct 29, 2018 11:41am Oct 29, 2018 11:41am
Quoting strat
EURJPY {quote} THANK YOU, Rub! How is it the rest of you FAILED to identify a CLASSIC HAMMER, especially after all the recent posts I did on them and Shooting Stars. It is nothing like a Depth Gauge - huatzhi had it right. Had you toggled down to H4 and H1 you would have seen buyers already taking positions on Friday. Here are H4 and H1 at the End of Day on Friday. {image} {image}
Excerpt from my post #8032 right after you asked us our thoughts on the EURJPY:
I haven't been watching this pair too closely as if I had been there was a good sell signal on Monday. Now looking for worker signal to get short but Thursday and Friday candles are definitely not sell signals (actually Friday's candle is as close to a perfect hammer as you can get) especially with price so far from the shadow. Next week a bounce in price may provide a signal to enter in the direction of the BB and Boss.
Dropping to H4 does show an opportunity get long on a move above that bullish bar for a short term counter trend trade.
  • #8,072
  • Oct 29, 2018 11:51am Oct 29, 2018 11:51am
Quoting strat
EURNZD {quote} Good to see you back, Brian You have comments from Rub, BTS, Miku and Tetulla - TRADERS HELPING TRADERS Monthly : the price is rejected by the support and the 200EMA last and this month As others have posted, PRICE is rejected by the "resistance"" AND BRN 1.8 Weekly : Confirmed swing high on resistance Good! The Boss is now in a DOWN Swing Daily : Long tail candle show rejection at strat shadow Yes but PRICE was supported on October 19, 2018 telling us there is balance/equilibrium - agreement on PRICE between the sellers and buyers....
Strat, is this the range to which you are referring?
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  • #8,073
  • Oct 29, 2018 12:52pm Oct 29, 2018 12:52pm
EURNZD

Quoting TerryDawe
{quote} Strat, is this the range to which you are referring? {image}
Almost, Terry - see my blue lines

Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,074
  • Oct 29, 2018 2:23pm Oct 29, 2018 2:23pm
STRAT,

I have 2 WCCs the second one is inplay.
Would it make sense to defer entry decision until Friday's possible breakout?
That would avoid a possible fake breakout.

Frank

https://www.forexfactory.com/attachm...1&d=1540840579
Attached Image (click to enlarge)
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  • #8,075
  • Oct 29, 2018 2:41pm Oct 29, 2018 2:41pm
USDMXN Trend Entries...

Attached Image (click to enlarge)
Click to Enlarge Name: usdmxn360m.png Size: 56 KB


I think this like the EURJPY post about Worker with Candles for the Down.. but still the Chart of my Entries was telling me they are people buying... With Green StratShadow, AND HOLDING SUPPORT SS, with Higher Highs, HL, HH... Lets go!
  • #8,076
  • Oct 29, 2018 5:36pm Oct 29, 2018 5:36pm
EURNZD

Quoting Frank0
STRAT, I have 2 WCCs the second one is inplay. Would it make sense to defer entry decision until Friday's possible breakout? That would avoid a possible fake breakout. Frank {image} {image}
I have 2 WCCs

Impossible! There can only ever be ONE Weekly Control Candle.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,077
  • Oct 29, 2018 5:39pm Oct 29, 2018 5:39pm
Quoting strat
PASR {quote} Now I understand EXCEPT for you calling the Strat Shadow ""the ribbon"". This tells me you have some sort of mental block in recognising it as exactly what it is - the STRAT SHADOW. Are you sure you are on THE PATH? Totally agree with you on the ribbon However, there are situations (usually Basic PASR and Swing PASR )when the ribbon is green and signal is to go short. If I were to blindly follow the colours of the ribbon It is NOT a ""ribbon"" it is the STRAT SHADOW!!!!!!!!! Take the EURJPY for example: I like this signal a lot. The...
Very Well Explained! Bravo! That's how Traders Help Traders - Learn!
  • #8,078
  • Oct 29, 2018 5:40pm Oct 29, 2018 5:40pm
USDMXN

Quoting HappyTrend
USDMXN Trend Entries... {image} I think this like the EURJPY post about Worker with Candles for the Down.. but still the Chart of my Entries was telling me they are people buying... With Green StratShadow, AND HOLDING SUPPORT SS, with Higher Highs, HL, HH... Lets go!
HT, what is your success/performance trading this pair?
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,079
  • Oct 29, 2018 6:09pm Oct 29, 2018 6:09pm
Quoting strat
USDMXN {quote} HT, what is your success/performance trading this pair?

I dont know where to check that. But watching it, is a Tricky Pair but when they start to Trend, the volatility is high... start moving in trend fast.

In Ranging, can take too long for start moving... And i dont like anymore trading inside of ranging... i better wait for Trend Trades or if im trading any PriceActionSupportResistance "Basic Trade" i like to get out fast.

But for be honest, i dont check anymore what "Currency" im trading... if i see a set up, i see where is going to be me possible takeprofit, where is my solid stoploss... if everything is fine i participe it with just one order... if my stoploss is very "cheap" (thinking how much money is in risk on that trade), i send more orders until i feel that is enough. For example with USDMXN if i trade only one contract, maybe in EURUSD is going to be 4 Contracts and both trades are equal talking in money the stoploss and the StopLoss Line is where it had to be.

Hahaha i dont know if this answer ur question... thank you Strat you just open me more my eyes with all ur posts.
  • #8,080
  • Oct 29, 2018 6:13pm Oct 29, 2018 6:13pm
Quoting HappyTrend
USDMXN Trend Entries... {image} I think this like the EURJPY post about Worker with Candles for the Down.. but still the Chart of my Entries was telling me they are people buying... With Green StratShadow, AND HOLDING SUPPORT SS, with Higher Highs, HL, HH... Lets go!
Hi HappyTrend,

How do you decide those two candles as entries? Is it the first doji after supported by Strat Shadow? Or do you look for PA at the lower TF?
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