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Strat's PASR Long Term, Stress Free Trading

  • #8,101
  • Edited 11:16am Oct 30, 2018 9:51am | Edited 11:16am
AUDNZD

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)...
You only have comments from Rub and landax on this - TRADERS HELPING TRADERS

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

Look again, grasshopper! SEE the HORIZONTAL Strat Shadow - this pair has been in a 950 pips trading range for 39 months! Long term Basic PASR trading!

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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.

Horizontal Strat Shadow again! The Boss tells us this pair is now in a reduced trading range of 690 pips telling us there is less volatility and interest in this pair.

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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.

You got there eventually (Basic PASR). Notice the Worker has a reduced trading range of 520 pips.

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This pair is good for those on THE PATH to practice Basic PASR
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,102
  • Oct 30, 2018 10:01am Oct 30, 2018 10:01am
EURNZD

Quoting Frank0
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 Attached Image (click to enlarge) https://www.forexfactory.com/attachm...1&d=1540840577...
Would it make sense to defer entry decision until Friday's possible breakout?

Not for me. The Big Boss has already made its intentions clear!

Week ending Friday October 26, 2018 gave us more add on opportunities

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,103
  • Oct 30, 2018 10:02am Oct 30, 2018 10:02am
US Broker

Quoting Rufus
{quote} I sent a PM Rufus
Thank you, John - TRADER HELPING TRADERS
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,104
  • Oct 30, 2018 10:02am Oct 30, 2018 10:02am
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,
I like your analysis.
A question about RR:
I calculated the RR and find it is 82:46 = 2:1.
Is it worth to trade?
We don't see things as they are, we see them as we are.
  • #8,105
  • Oct 30, 2018 10:08am Oct 30, 2018 10:08am
US Broker

Quoting Rufus
{quote} I sent a PM Rufus
Got it thanks!
Successful people do what unsuccessful people are not willing to do
  • #8,106
  • Oct 30, 2018 10:14am Oct 30, 2018 10:14am
Quoting MikuSS
{quote} 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
Thanks Miku. I was hoping to stay in the US for tighter regulations, however I will take a look at IC Markets.
Successful people do what unsuccessful people are not willing to do
  • #8,107
  • Oct 30, 2018 10:18am Oct 30, 2018 10:18am
Quoting landax
{quote} 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
Landax,

It's difficult with so many options and not knowing who to trust. In the past I had a demo account with FXchoice and knew a few traders that used them. I will take another look at them.

Thanks for the reply
Successful people do what unsuccessful people are not willing to do
  • #8,108
  • Edited 11:33am Oct 30, 2018 10:53am | Edited 11:33am
PASR THE PATH

Quoting Scrumy
{quote} 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...
Welcome, Scrumy! I have seen you at the bottom of each page for the last few weeks along with the other Lurkers and was wondering if you were ever going to come in out of the cold.

It seems you are a Forex Factory virgin as you have no previous history which is good as your trading brain has not been poisoned by indicators, EAs, black boxes, signals and other "magical" trading crap. Tell us more about yourself and if you are on THE PATH or just popping your head above water to see what it is like.

Before others tell you, you have the messiest screen I have seen for a long time. You need ALL your screen from top to bottom and side to side to get PASR on all our time frames. Your solid SR lines would stop me dead from trading above or below them. Check out huatzhi's charts above yours - see how CLEAN they are.

Remember, the more junk you put on your chart the MORE you will CONFUSE your trading brain.

Anyway, good for you for exercising your limited PASR knowledge and commenting on huatzhi's GBPAUD analysis.

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).

Make sure to read my Post 8099.

None of the posters correctly identified SR or checked the Boss swing so here is how I identified it:

BOSS:

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WORKER (Toggled down from Boss)

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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.

Try again, grasshopper but this time with correct SR!

next trade idea forms

There are no ""trade ideas"" in PASR - only PASR Set Ups!

on H4 there would have been some nice trend trades possible.

Of course and also ""sore thumb"" trades on H1 and M15 and, of course, M5

I am currently not having a favourite timeframe as of now, but I think H4 could be my "friend" - time will tell.

You will not know this until you trade with your REAL, hard earned money at the MOVING HARD RIGHT EDGE!

If I also take a look at the two higher timeframes: Weekly is down,

If you knew the Boss (Weekly) was DOWN, why did you consider long at the BUEB?

2, 3 and 4 are all ""SORE THUMB"" PASR entries into the DOWN trend.

Entry #1 would have hit my S/L - no problem.

Experienced PASR traders would not have taken this entry and instead, would have WAITED for a pull back to the Strat Shadow BUT you could not have done that because your chart has a fill from 72 to 200! Get rid of that crap and put the Strat Shadow on and while we are at it, get rid of all the crap to the right of your PRICE chart.

trading on the hard right edge is something else than looking back on charts.

Absolutely and wait until your ""Little People"" find you!!!!!

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

Good to have you here but this has been said many times by Lurkers and those new to trading who joined and then left for ""Indicator Land"" as they looked for ""signals"" from wiggly, squiggly lines as they found THE PATH too hard and too much work.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,109
  • Edited 11:49am Oct 30, 2018 11:00am | Edited 11:49am
EUR AUD M5 PASR Trend Trading

Quoting Malu
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. {image}
But I figured out that I have to put real money on the trade to improve on the pschological side.

Yes, but WAIT until you have trained your M5 trading brain to recognise these ""sore thumb"" trades so that you can do it hanging from the................................
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,110
  • Oct 30, 2018 11:09am Oct 30, 2018 11:09am
GBPAUD M5 PASR Trend Trading

Quoting Malu
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. {image}
Exit was not the best.

Yes it was! That is where I would have got out had I been at my chart.

Do NOT try to find the ""best"" exits - we are HERE to make money - NOT find the ""best"" or ""perfect"" exits. Get out anywhere where you are satisfied with your ""take home pay"" (PROFITS).
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,111
  • Oct 30, 2018 11:14am Oct 30, 2018 11:14am
GBPNZD M5 PASR Trend Trading

Quoting landax
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 {image} 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
Well done. Is this paper trading or REAL money?
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,112
  • Oct 30, 2018 11:20am Oct 30, 2018 11:20am
PASR THE PATH

Quoting Victoria2017
{quote} 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.
After reading other students' posts of analysis and trades, I feel I have a looooooong way to go.

We all have! THE PATH is a never ending, long and winding road.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,113
  • Oct 30, 2018 11:29am Oct 30, 2018 11:29am
US Broker

Quoting TampaFX
{quote} Thanks Miku. I was hoping to stay in the US for tighter regulations, however I will take a look at IC Markets.
If you are a resident of the US, you are restricted to trading with US brokers. If you find an overseas broker that accepts US residents, run as hard as you can for the exit - they are just there to steal your money.

I am told Forex.com took over from FXCM as the largest US broker but their candles do not close at 5 pm New York time. You can get around this by using them to trade with and another broker for 5 pm New York closing charts. TradersWay is a broker whose charts close at 5 pm New York BUT recently there have been many negative reports about them. Check out forexpeacearmy.com for recent reviews.

There is also a thread here on FF about Brokers
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,114
  • Edited 12:41pm Oct 30, 2018 12:28pm | Edited 12:41pm
AUDJPY H1

So nobody trading PASR Set Ups?

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,115
  • Oct 30, 2018 12:40pm Oct 30, 2018 12:40pm
USDJPY H1

So nobody trading PASR Set Ups?

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,116
  • Oct 30, 2018 12:47pm Oct 30, 2018 12:47pm
NZDJPY H1

So nobody trading PASR Set Ups?

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,117
  • Oct 30, 2018 12:52pm Oct 30, 2018 12:52pm
Quoting strat
EUR AUD M5 PASR Trend Trading {quote} But I figured out that I have to put real money on the trade to improve on the pschological side. Yes, but WAIT until you have trained your M5 trading brain to recognise these ""sore thumb"" trades so that you can do it hanging from the................................
...Golden Gate Bridge.
It is a long way to go. Thanks.
  • #8,118
  • Oct 30, 2018 1:16pm Oct 30, 2018 1:16pm
Quoting strat
EURNZD {quote} Would it make sense to defer entry decision until Friday's possible breakout? Not for me. The Big Boss has already made its intentions clear! Week ending Friday October 26, 2018 gave us more add on opportunities {image}
STRAT,

Thank You

Frank
  • #8,119
  • Oct 30, 2018 1:37pm Oct 30, 2018 1:37pm
GBPUSD M15 PASR Trend Trading:




Happy Trading,
Yomi
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Time always comes before price
  • #8,120
  • Oct 30, 2018 1:45pm Oct 30, 2018 1:45pm
EURNZD

PRICE approaching confluence of support and 50% fibonacci - which means..................................................

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15 YEARS OF PASR ON FOREX FACTORY!
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