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Strat's PASR Long Term, Stress Free Trading

  • #8,121
  • Oct 30, 2018 1:54pm Oct 30, 2018 1:54pm
GBPUSD M15 PASR Trend Trading:

Quoting fxrabbi
GBPUSD M15 PASR Trend Trading: Happy Trading, Yomi {image}
Thanks Yomi. I'm surprised you didn't add on at the pull back to the Strat Shadow near my white line. I can only think it is a time constraint with your work schedule.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,122
  • Oct 30, 2018 1:56pm Oct 30, 2018 1:56pm
EURNZD H4 PASR TREND TRADING
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}
I took this one and already closed part of the position at blue line support.

BIGBOSS (Weekly)
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BOSS (Daily)
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WORKER (H4)
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IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #8,123
  • Oct 30, 2018 2:07pm Oct 30, 2018 2:07pm
GBPUSD

PRICE approaching first levels of support - which means...............................................

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I wonder how many thought this was a Hammer and traded long above it? I know some newbies and rookies did on the Mickey Mouse threads!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,124
  • Oct 30, 2018 2:11pm Oct 30, 2018 2:11pm
EURNZD H4 PASR TREND TRADING

Quoting Eurotrader17
EURNZD H4 PASR TREND TRADING {quote} I took this one and already closed part of the position at blue line support. BIGBOSS (Weekly) {image} BOSS (Daily) {image} WORKER (H4) {image}
Well done, El mío!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,125
  • Oct 30, 2018 2:29pm Oct 30, 2018 2:29pm
Quoting strat
GBPUSD M15 PASR Trend Trading: {quote} Thanks Yomi. I'm surprised you didn't add on at the pull back to the Strat Shadow near my white line. I can only think it is a time constraint with your work schedule. {image}
Thank you for your guidance here.

I don't normally do add-on as part of my trading rules and discipline.

Once I have 50pips of 1 or 2 standard lots per day I'm always HAPPY........then it becomes Happy Trading.


Happy Trading,
Yomi.
Time always comes before price
  • #8,126
  • Oct 30, 2018 3:03pm Oct 30, 2018 3:03pm
Quoting strat
GBPNZD M5 PASR Trend Trading {quote} Well done. Is this paper trading or REAL money?
Paper trading but not after the trade, papertrading on the right edge at the moment

it will soon be necessary that I trade in real with hard earned money, to pass a step
  • #8,127
  • Oct 30, 2018 3:08pm Oct 30, 2018 3:08pm
USDCAD News Trading

A few pips trading CAD News during my lunch

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,128
  • Oct 30, 2018 3:25pm Oct 30, 2018 3:25pm
Quoting strat
NZDJPY H1 So nobody trading PASR Set Ups? {image} {image} {image}
Strat,

Those three Yen pairs you posted were classic PASR on H1 time frames and I did miss all three of them. I check my charts at EOD and unfortunately not as thoroughly as I should. Had I gone down to H1 these signals would have stood out like sore thumbs, thanks for this.

Regards
Terry
  • #8,129
  • Oct 30, 2018 3:34pm Oct 30, 2018 3:34pm
Quoting strat
GBPUSD PRICE approaching first levels of support - which means............................................... {image} I wonder how many thought this was a Hammer and traded long above it? I know some newbies and rookies did on the Mickey Mouse threads! {image}
Had one marked the top of that hammer and followed on the H1 until NY open the next day, the shooting star would have provided a signal to go short that resulted in 124 pips to the downside.

Your guidance recently has got me making sure I check down to the H4 and H1 to help me make a more informed decision based on the worker candles.

Thanks
Terry
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  • #8,130
  • Oct 30, 2018 6:05pm Oct 30, 2018 6:05pm
Quoting strat
US Broker {quote} 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...
Thanks Strat and everyone else who replied!

I decided to give Oanda a try using their Core pricing structure. Oanda has 5PM NY close MT4 charts for live accounts.
Successful people do what unsuccessful people are not willing to do
  • #8,131
  • Oct 30, 2018 6:15pm Oct 30, 2018 6:15pm
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...
Hi,

Thanks for the comment. If looking on H4, Weekly will be stessed on more as it is big boss for now. 7 Oct week is a shooting star-ish candle, the boss(daily) followed by confirming the swing high on 12 Oct. Worker(H4) followed too by making multiple BEEB.

So from this candle onward, you can try to look for all the bearish PASR signal, Oct 16 could be your first shooting star trade (until B or BB says otherwise).
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(Along with head and shoulder confluences, power of time frames already show the way earlier than head and shoulder though.)
  • #8,132
  • Edited 6:42pm Oct 30, 2018 6:29pm | Edited 6:42pm
Quoting Victoria2017
{quote} 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?
Hi

My first tranches of trade is not about profiting, but securing profit, reducing the risk.
Earn a lot > Earn a little consistently > BE > hit SL > just kill your account
Though I also aware of the RR and not 100% sure about if it is the right thing to do.


Though on GBPAUD trade I just found out my understanding still have at least 2 more issue that I have not discover earlier.
1) I try to catch the moment that B and W turn toward BB at the same time, but it become sort of "bottom picking". I could have waited until B actually formed a PA that show price had turned before getting in. Only with that, I can catch the timing of B and W turn toward BB at the same time right.
2) I have to read and understand and NOT FORGET to use stop order for entry, which Miku had reminded me. May be that will change later as my form my trading style and trade management, I should be doing that on the path.

I still have long way to go as well.
  • #8,133
  • Oct 30, 2018 6:38pm Oct 30, 2018 6:38pm
Quoting strat
EURNZD PRICE approaching confluence of support and 50% fibonacci - which means.................................................. {image}
time to lookout for price action?
  • #8,134
  • Oct 30, 2018 6:48pm Oct 30, 2018 6:48pm
Quoting strat
GBPUSD PRICE approaching first levels of support - which means............................................... {image} I wonder how many thought this was a Hammer and traded long above it? I know some newbies and rookies did on the Mickey Mouse threads! {image}
Securing position for those who already made their short trade for this one?

Gold is retesting Strat Shadow as well, looking for PA.
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  • #8,135
  • Oct 30, 2018 8:17pm Oct 30, 2018 8:17pm
Oanda

Quoting TampaFX
{quote} Thanks Strat and everyone else who replied! I decided to give Oanda a try using their Core pricing structure. Oanda has 5PM NY close MT4 charts for live accounts.
Some of my trading pals had problems with Oanda and left. Also, there are negative reviews on forexpeacearmy.com
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,136
  • Oct 30, 2018 11:46pm Oct 30, 2018 11:46pm
Quoting strat
EURNZD H4 PASR TREND TRADING {quote} Well done, El mío!
Muchas gracias, Strat! With your guidance and with thousands of hours of screen time, we will get there

Quoting strat
EURNZD PRICE approaching confluence of support and 50% fibonacci - which means.................................................. {image}
Watch closely looking for PA around that level to see what the Big Boys might do
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #8,137
  • Oct 31, 2018 1:04am Oct 31, 2018 1:04am
While I've been reading more than trading recently, I feel much better in terms of confidence when in front of the charts.
Since I am NOT planning on hobby trading, I need to invest many hours into the research of this business and that is what I am doing.
I am nearing my first year of trading with Strat, since I joined in late November, 2017. The lessons I've learned are life changing. You not only understand how to trade, but also how to apply all the skills in your personal life - patience, determination, persistance and many others.

I have not been posting much these past 2 weeks but I am always catching up on the thread, reading the old one and working on creating a BUSINESS of my own.
That will take years to establish but I love the proccess so far.

This is one of the trades I took on the USD/INR (Indian Rupee), since it has been trending like crazy!
However, trading very cautiously since the pair is in historical highs, so no S/R can be found.
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  • #8,138
  • Oct 31, 2018 1:22am Oct 31, 2018 1:22am
Quoting huatzhi
{quote} 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?...
While you could've traded it on the 4 hour charts, that would've been short. If you're trading the daily chart don't look at anything below that to make your decision, unless you're trying to get a better entry for a worker signal.

Quoting strat
USDJPY H1 So nobody trading PASR Set Ups? {image} {image} {image}
I tried to trade the range on USD/JPY but only lost. Starting to lean toward trend trading will be my money maker if I can handle the psychological side of it, as everything else I've been losing money. If anyone took some of those though I congratulate them!

Quoting strat
EURNZD PRICE approaching confluence of support and 50% fibonacci - which means.................................................. {image}
Watch for Price Action at Support or Resistance!

Quoting Eurotrader17
EURNZD H4 PASR TREND TRADING {quote} I took this one and already closed part of the position at blue line support. BIGBOSS (Weekly) {image} BOSS (Daily) {image} WORKER (H4) {image}
Very nicely done. Correctly identified the better entry too.
  • #8,139
  • Oct 31, 2018 4:35am Oct 31, 2018 4:35am
Quoting strat
Oanda {quote} Some of my trading pals had problems with Oanda and left. Also, there are negative reviews on forexpeacearmy.com
Well see how they treat me as I have no issue with changing. All Brokers seem to have negative reviews these days.

Thanks
Successful people do what unsuccessful people are not willing to do
  • #8,140
  • Oct 31, 2018 5:17am Oct 31, 2018 5:17am
[quote=strat;11639670]PASR THE PATH {quote} 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.

Hi Strat and everyone,
Just echoing Scrumy! Its been a hectic month down under, but ...i'm also there Strat! Trying to keep up and going through the other thread again.... last time I printed pdf because I can't get to the computer most days and do almost everything on my mobile. Might have to do the same again. Where can I find the material from the old subscription link Strat?
I must say that ...im continuously pleasantly surprised reading the depth of input here.. ranging from the psyche to personal development and even to Stat's reaches into the maharishi! I have spent over 25 years in personal transformation and organisational development, so appreciate the gems that come through.
I'll be around for a while but will apologise in advance for the current limited input... currently absorbing. Will try to comment more on posts... if only to check on what I've absorbed. Limited trading lately, only news and trend.
Am starting new month with clean sheet.
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