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Strat's PASR Long Term, Stress Free Trading

  • #8,081
  • Oct 29, 2018 6:31pm Oct 29, 2018 6:31pm
Quoting huatzhi
{quote} 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?

For me, is Trading with the Trend. I mean is the "TREND TRADING" going with the "SWING TRADING" or i dont know how to call it hehehe.


Boss you can see it make HL/DoubleBottom we still in UPTREND territory, buyers start showing it

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Worker: Worker show me the buyers want to have the control.

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Both of them was in Swing Up.

When both of them are in the same swing, in lowertimeframes is TRENDING -> TRENDING.

Then i just buy in every sign of buyers going with the Swing of my Higher Timeframes, but i have my own trade and money management... I like to take partial profits and incrasing my takeprofit... or sometimes i go to breakeven if i see they have problems to continue with the trend.
  • #8,082
  • Oct 29, 2018 7:01pm Oct 29, 2018 7:01pm
Quoting HappyTrend
{quote} For me, is Trading with the Trend. I mean is the "TREND TRADING" going with the "SWING TRADING" or i dont know how to call it hehehe. Boss you can see it make HL/DoubleBottom we still in UPTREND territory, buyers start showing it {image} Worker: Worker show me the buyers want to have the control. {image} Both of them was in Swing Up. When both of them are in the same swing, in lowertimeframes is TRENDING -> TRENDING. Then i just buy in every sign of buyers going with the Swing of my Higher Timeframes, but i have my own trade and money management......
Thanks you. I think this one is trend trading - buying every swing low to get along with uptrend.
  • #8,083
  • Oct 29, 2018 7:15pm Oct 29, 2018 7:15pm
GBPAUD Paper Trade

BB
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Immediate trend is bullish but it had shown the sign to reverse. Rejected by the SR around 1.84.

B
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It is testing support on Strat Shadow. Confluence with WCC floor and SR area around 1.8

W
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A BUEB on the floor of the Strat Shadow confluence with SR. A basic PASR entry.

SL - 1.79970 Below last swing low
TP1 - 100 pips (1.8227), move SL to BE once hit
TP2 - 1.83712, Next SR (May be I should move down a little to catch previous swing high close?)
TP3 - 1.86177 WCC top (If any reverse PASR along the way, exit early)
  • #8,084
  • Oct 29, 2018 7:33pm Oct 29, 2018 7:33pm
AUDNZD Paper Trade

BB
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The candle upper wicks showing the rejection of Strat shadow, triangle roof and SR around 1.117. Momentum is bearish.

B
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While last month is a long bullish candle, immediate trend is bearish. The long momentum bar crossing Strat Shadow and 200ema decisively happened 2 weeks ago confirmed the bearish momentum.

W
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BEEOB rejection along with the momentum on the confluence of 1.08681 SR, Strat Shadow and 200 ema. This is a Basic PASR setup.

SL - 1.09020 (couple pips above last swing high)
TP1 - 46pips (ATR5) around 1.07744, move SL to BE
TP2 - 1.06824 Last swing low's close.
TP3 - When price touch the BB's triangle floor. Exit early if reverse PASR appear.
  • #8,085
  • Edited 11:16pm Oct 29, 2018 10:42pm | Edited 11:16pm
STRAT,

I have 2 WCCs the second one is inplay.

Impossible! There can only ever be ONE Weekly Control Candle.

OK

Would it make sense to defer entry decision until Friday's possible breakout?
That would avoid a possible fake breakout.

And the answer to this question is.......................................................

Frank

https://www.forexfactory.com/attachm...1&d=1540840579
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https://www.forexfactory.com/attachm...1&d=1540840577
  • #8,086
  • Oct 29, 2018 10:57pm Oct 29, 2018 10:57pm
Quoting huatzhi
GBPAUD Paper Trade BB {image} Immediate trend is bullish but it had shown the sign to reverse. Rejected by the SR around 1.84. B {image} It is testing support on Strat Shadow. Confluence with WCC floor and SR area around 1.8 W {image} A BUEB on the floor of the Strat Shadow confluence with SR. A basic PASR entry. SL - 1.79970 Below last swing low TP1 - 100 pips (1.8227), move SL to BE once hit TP2 - 1.83712, Next SR (May be I should move down a little to catch previous swing high close?) TP3 - 1.86177 WCC top (If any reverse PASR along the way,...
Hi Huatzhi,
I see the same trades as you since yesterday, and have placed the appropriate pending orders for the two trades.
  • #8,087
  • Oct 29, 2018 11:24pm Oct 29, 2018 11:24pm
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}
Hooray! Go me! Got something right finally. Perhaps there's been some progress after all.

Quoting huatzhi
AUDNZD Paper Trade BB {image} The candle upper wicks showing the rejection of Strat shadow, triangle roof and SR around 1.117. Momentum is bearish. B {image} While last month is a long bullish candle, immediate trend is bearish. The long momentum bar crossing Strat Shadow and 200ema decisively happened 2 weeks ago confirmed the bearish momentum. W {image} BEEOB rejection along with the momentum on the confluence of 1.08681 SR, Strat Shadow and 200 ema. This is a Basic PASR setup. SL - 1.09020 (couple pips above last swing high) TP1 - 46pips (ATR5)...
Well nuts. I was going to post the same trade.

Didn't see one on GBP/AUD though I will comment:

Big boss: Currently trending up, but with two days left in the month it's forming a shooting star.

Boss: Testing support, the bottom of the weekly control candle, along with the strat shadow and 1.8000 big round number.

Worker: Lots of momentum to the downside, buyers have stepped in to push price to the top of the strat shadow but got stomped back down by sellers. Although yesterday closed up I'm wary of a long trade without much clearer price action.
  • #8,088
  • Oct 29, 2018 11:40pm Oct 29, 2018 11:40pm
Quoting strat
US Broker {quote} 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
I sent a PM

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #8,089
  • Oct 30, 2018 6:04am Oct 30, 2018 6:04am
Quoting MikuSS
{quote} Hi Huatzhi, I see the same trades as you since yesterday, and have placed the appropriate pending orders for the two trades.
Hi Miku

I am curious, for this GBPAUD PA, where do you put your pending order? Is it above doji high? or above the engulfing candle high?
  • #8,090
  • Oct 30, 2018 6:19am Oct 30, 2018 6:19am
Quoting Rub
{quote} Hooray! Go me! Got something right finally. Perhaps there's been some progress after all. {quote} Well nuts. I was going to post the same trade. Didn't see one on GBP/AUD though I will comment: Big boss: Currently trending up, but with two days left in the month it's forming a shooting star. Boss: Testing support, the bottom of the weekly control candle, along with the strat shadow and 1.8000 big round number. Worker: Lots of momentum to the downside, buyers have stepped in to push price to the top of the strat shadow but got stomped back...
Hi Rub

I think posting the same trade is alright because it is very likely you might sees something that I don't and included that into your analysis.

For BB, I actually treat it as doji due to small body rather than shooting star for now. Second last day with potential long candle, big boss is definitely speaking out loud.

The SL of GBPAUD trade is already hit now. I think what I did not do (and could be done) is, after analysing BB, B and W found out that it isn't the most convincing one, I could also look into H4 and H1 to double check?

On H4 it was a strong bearish trend, and on EOD I can see a shooting star and a BEEB confirmation.
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While on H1 a shooting star appear 2 hours before the EOD candle.
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However, higher time frame should be controlling the lower, not in reverse.
  • #8,091
  • Oct 30, 2018 7:19am Oct 30, 2018 7:19am
Quoting huatzhi
GBPAUD Paper Trade BB {image} Immediate trend is bullish but it had shown the sign to reverse. Rejected by the SR around 1.84. B {image} It is testing support on Strat Shadow. Confluence with WCC floor and SR area around 1.8 W {image} A BUEB on the floor of the Strat Shadow confluence with SR. A basic PASR entry. SL - 1.79970 Below last swing low TP1 - 100 pips (1.8227), move SL to BE once hit TP2 - 1.83712, Next SR (May be I should move down a little to catch previous swing high close?) TP3 - 1.86177 WCC top (If any reverse PASR along the way,...
Hi to all of you, happy to be here and still quite learning a lot - I guess I haven't read that much in my whole live as I had in the last couple of weeks. I am now crawling out of my lurking hole. So hautzhi - thanks for the analysis. I have just checked it on my charts. Today there is a BEEB forming (but it is not the end of the day). So your trade idea went against us - but the cool thing is, that even if I would have entered, I would have entered above the high of the BUEB - which wouldn't have been triggered, as price did not reach this level (price level around 1.816). See attached screenshot:

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Price is now going to test the next support level at around 1.795. So we need to further keep watching, until the next trade idea forms. I would not enter directly, as I would want to watch what price does around that level 1.795 first.

Anyways - on H4 there would have been some nice trend trades possible. I am currently not having a favourite timeframe as of now, but I think H4 could be my "friend" - time will tell.
If I also take a look at the two higher timeframes (from an H4 point of view): Weekly is down, Daily is down, H4 also went going down.
See attached screenshot of the possible H4 entries. Entry #2 is very nice, as price broke through the 200 EMA as well.

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Entry #1 would have hit my S/L - no problem.
Entry #2 to Entry #4 would've been successful.

But - as pointed out so many times - trading on the hard right edge is something else than looking back on charts. As I have already said, happy to be here. Will now post frequently and will contribute. Glad to be on an interesting journey with all of you.
Accept the risk!
  • #8,092
  • Edited 9:28am Oct 30, 2018 7:25am | Edited 9:28am
EUR AUD M5 Trend Trading

Still in the practice mode with small lot sizes.
But I figured out that I have to put real on the trade to improve on the pschological side.

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  • #8,093
  • Oct 30, 2018 7:32am Oct 30, 2018 7:32am
Quoting huatzhi
{quote} Hi Miku I am curious, for this GBPAUD PA, where do you put your pending order? Is it above doji high? or above the engulfing candle high?
Hi Huatzhi,
I placed it 5 pips above the high of the engulfing candle. Seems like the trade won't happen.
  • #8,094
  • Oct 30, 2018 7:46am Oct 30, 2018 7:46am
GBP AUD M5 Trend Trading

Another one today. Exit was not the best. In my opinion, exit should have been where the blue arrow is.
Anyway, could "steal" 35 pips from the market.

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  • #8,095
  • Oct 30, 2018 8:32am Oct 30, 2018 8:32am
60 pips for me on GBNZD M5, my entry is the first vertical bar, an hour after the opening of London, and my went out to the second vertical bar after the hammer

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Simple and effective, the trend was present I entered when it leaped to the eyes after the Beeb in the direction of the Shadow Strat after retracing
  • #8,096
  • Oct 30, 2018 8:52am Oct 30, 2018 8:52am
Quoting huatzhi
AUDNZD Paper Trade BB {image} The candle upper wicks showing the rejection of Strat shadow, triangle roof and SR around 1.117. Momentum is bearish. B {image} While last month is a long bullish candle, immediate trend is bearish. The long momentum bar crossing Strat Shadow and 200ema decisively happened 2 weeks ago confirmed the bearish momentum. W {image} BEEOB rejection along with the momentum on the confluence of 1.08681 SR, Strat Shadow and 200 ema. This is a Basic PASR setup. SL - 1.09020 (couple pips above last swing high) TP1 - 46pips (ATR5)...
Hi Huatzhi,

The analysis you made is good but be careful I see a WCC that controls the candles

Look at my card:

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  • #8,097
  • Oct 30, 2018 8:59am Oct 30, 2018 8:59am
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...
I am currently at Fxchoice,

I am European but it also provides the American because broker based in Belize

They look good at the moment, difficult to advise brokers
  • #8,098
  • Oct 30, 2018 9:10am Oct 30, 2018 9:10am
Quoting strat
PASR THE PATH {quote} 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...
Thanks for marking the answer sheet, Strat.

ATR is fixed.
The dark blue dashed lines are minor SRs. After I read your comments, I do realize I have too many SRs on worker. Will get rid of them and only leave two SRs.
After reading other students' posts of analysis and trades, I feel I have a looooooong way to go.
Back to study, will use micro lot to practice next week.
We don't see things as they are, we see them as we are.
  • #8,099
  • Oct 30, 2018 9:29am Oct 30, 2018 9:29am
GBPAUD

Quoting huatzhi
GBPAUD Paper Trade BB {image} Immediate trend is bullish but it had shown the sign to reverse. Rejected by the SR around 1.84. B {image} It is testing support on Strat Shadow. Confluence with WCC floor and SR area around 1.8 W {image} A BUEB on the floor of the Strat Shadow confluence with SR. A basic PASR entry. SL - 1.79970 Below last swing low TP1 - 100 pips (1.8227), move SL to BE once hit TP2 - 1.83712, Next SR (May be I should move down a little to catch previous swing high close?) TP3 - 1.86177 WCC top (If any reverse PASR along the way,...
You have feedback from Miku, Rub and a lurker in from the cold - Scrumy - TRADERS HELPING TRADERS

Well today there was a big sell off but this would not have impacted PASR traders going long off the BUEB.

NOTE: The Boss is STILL in its DOWN Swing so those going long on the Worker are trading AGAINST that swing. Trade WITH the Swing NOT against it.

This was not a surprise for me as I had my SR as shown:

We had similar sell offs to this PRICE level on September 21, 2018 and May 10, 2018 so we have to WAIT to SEE where PRICE closes today before initiating trades.

I am actually trading this short on M5 from 1.7956 as I write this and since the trend is stalling, am CLOSING now for 13 pips.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,100
  • Oct 30, 2018 9:36am Oct 30, 2018 9:36am
Quoting Rub
{quote} Hooray! Go me! Got something right finally. Perhaps there's been some progress after all. {quote} Well nuts. I was going to post the same trade. Didn't see one on GBP/AUD though I will comment: Big boss: Currently trending up, but with two days left in the month it's forming a shooting star. Boss: Testing support, the bottom of the weekly control candle, along with the strat shadow and 1.8000 big round number. Worker: Lots of momentum to the downside, buyers have stepped in to push price to the top of the strat shadow but got stomped back...
You are right, there does not appear to be any reason or signal to suggest a long position on the GBPAUD. Price is at the bottom of the WCC with only one very small bullish bar yesterday. It was a relatively small BUEB on the worker stopping price at last months close just below the shadow.
Also if you drop to H4, it can be seen that price bounced to just under its shadow and printed a BEEB.
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