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Strat's PASR Long Term, Stress Free Trading

  • #8,361
  • Nov 4, 2018 8:15am Nov 4, 2018 8:15am
Quoting SPATrading
USDJPY Daily BUEB Thank you Strat for this thread!!! I am looking at the daily BUEB. Good location with a confluence of the Strat shadow, a monthly and a weekly support levels. Big boss is in uptrend. Direct ahead there is a confluence of resistance levels however with enough room to bring my trade into break even. Your thoughts will be appreciated… {image}
Hi SPATrading

Big Boss

Attached Image (click to enlarge)
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Boss

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Worker

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If I was trading this I would be using 4hr or 1hr (or 15 min if i had time)

H4 resistance is interesting if price sits on 113.20 and become support

Attached Image (click to enlarge)
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Do more reading and the next post make sure you use more than one timeframe.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #8,362
  • Nov 4, 2018 8:20am Nov 4, 2018 8:20am
Quoting TampaFX
Anyone know what happen to Grimweasel? After reading about his success in the old thread I'm surprised he is off this thread. {image}
Hi TampaFX

Who cares about a trader posting 7 years ago, let's stick to trading the here and now?

Cheers

BTS
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #8,363
  • Nov 4, 2018 8:26am Nov 4, 2018 8:26am
Quoting MikuSS
{quote} Hi everyone, I agree with BTS, it seems like Price is back at equilibrium for GBPAUD. Perhaps this is the reason why we see so many conflicting views on this pair. Big Boss: The October doji (not a shooting star!) is 'meh'. Not even having a good amount of space to the left. Futhermore, the Big Boss trend is still on the upside as there is still no confirmed LH yet. {image} Boss: Nice analysis BTS! One thing I might add is that the candle closed as a doji, signifying indecision. Price is also currently supported by Strat Shadow. {image}...
Hi MikuSS

I agree. I forgot to upload my Big Boss chart which is on there now. I wonder if we will revisit that high after all that buying and selling..?
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #8,364
  • Nov 4, 2018 8:33am Nov 4, 2018 8:33am
Quoting BeyondTheSea
{quote} Hi TampaFX Who cares about a trader posting 7 years ago, let's stick to trading the here and now? Cheers BTS
While that post was 7 years ago (I saw it while reviewing the thread) his last post was 2017.

No need to reply I was simply curious.....
Successful people do what unsuccessful people are not willing to do
  • #8,365
  • Nov 4, 2018 8:40am Nov 4, 2018 8:40am
Quoting huatzhi
Hi guys Ignoring the Friday candle, how would you trade the Thursday BEEB on daily chart? Or don't? If I want to trade this, my SL would be far away, so I am waiting for price retest on Strat Shadow. {image}
Hautzhi

I'm in this and pulled my locked in profit stop on Friday to protect two positions. It may reopen and gap me out of the trade (or into more profit as well), if it survives then I will look to add on using 4hr during this week.

However we are at Boss support so a trade entered now is risky and will likely be taken out. Price is at an area for late traders to jump on. You may get lucky and the big boys are taking it all the way down to 1.66 or you'll get snagged on the wrong side of a pull back.

This is when paper trading loses it's value in real life and trading real money adds it's value to learning PASR..

Attached Image (click to enlarge)
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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #8,366
  • Nov 4, 2018 8:42am Nov 4, 2018 8:42am
Quoting BeyondTheSea
{quote} Hi TampaFX Who cares about a trader posting 7 years ago, let's stick to trading the here and now? Cheers BTS

Yes , That's what I also thought about it (but didn't reply). We know we found a sound method , excellent Coach and a nice pack of students. What else do we need..
Focus, Patience, Discipline, Determination and Perseverance
  • #8,367
  • Nov 4, 2018 8:43am Nov 4, 2018 8:43am
Quoting TampaFX
{quote} While that post was 7 years ago (I saw it while reviewing the thread) his last post was 2017. No need to reply I was simply curious.....
Hi TampaFX

I didn't mean to come across in the wrong way. I only meant that if traders are not posting here anymore then don't worry or wonder about them. We are here to learn and trade for us and those currently on the thread.

Trade safe.

BTS.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #8,368
  • Nov 4, 2018 11:00am Nov 4, 2018 11:00am
Well... I am finally back to normal trading routine. Between traveling, taking care of my mom and other family issues then most recently, employee problems, there has not been much time for me to focus without the unnerving distractions.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #8,369
  • Nov 4, 2018 11:31am Nov 4, 2018 11:31am
Quoting brian661
AUDJPY Monthly : After a few month consolidation and showing resistance at 200EMA, it continue the down trend Weekly : The price reached Weekly resistance Daily : A long pull back candle on resistance {image} {image} {image} I already enter a small position based on H1 BEEB last Friday. and is looking for add-on on H4 chart next week {image}
Hi Brian661

I'm struggling to see your plan with this one as you seem unclear on your method of entry regarding time frame and how you are going to manage it?

I've marked up the 1 hour chart as this is what you were using to enter into it.

Attached Image (click to enlarge)
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1st thing is that you sold at the end of the week on the top of a BIG Boss, however the Worker retraced 50% of it's moves showing signs of profit taking from BRN 82.

You've picked a top and your SL is tiny so lucky you so far....

Dropping to H4 and H1 we seem to be at support which is also where that 272 pip Bullish Engulfing Boss candle has closed..

I haven't checked the news for next week but for me your trade may make 81 or even 80.50

Manage it carefully but I think candle 1 on the chart could present you a problem. I would have liked to have seen candle 2 close lower to convince me this is an actively traded move but I don't think it is, I think it is the same player/s buying and selling.

Trading H1 at the end of the week on this pair and leaving over a weekend isn't a strategy I would use, there is no volatility to get a good read on it . I do use H1 occasionally but normally only for add ons and short term.

Good luck with it and I hope it moves for you but if you get stopped out make sure you continue to watch the price action so you can learn from it
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #8,370
  • Edited 12:26pm Nov 4, 2018 11:50am | Edited 12:26pm
M5 & M15 Trading

Quoting TampaFX
M5 TRADES Attached are snapshots of my first M5 Trades. My VPS is not connecting (they have scheduled maintenance today) therefore I don't have all the P/L details. The EURNZD trade SL was a order entry mistake. That trade would have been +30 Pips mininum. After my first session 9:00-11:00 EST (16:00-18:00 MT4) I reviewed my emotions and then later I reviewed my trades. First off M5 is a fast mover for multiple pairs. I made several trades to get additional reps, however several were highly correlated, and more for practice than trading. There is...
Attached are snapshots of my first M5 Trades. Hopefully they are your last until you learn PASR

Getting your feet wet in M5 trades - good - but not for trading - only for learning PASR!

AUDUSD, AUDJPY and EURUSD - taking the last bite of the trend - good

CADJPY - Read, Learn and Understand how PRICE moves in and around the Strat Shadow in a trend and you would never have taken this trade.

Read. Learn and Understand Basic PASR and you would have taken a profit

EURCAD - Read, Learn and Understand how PRICE moves in and around the Strat Shadow in a trend and you would never have taken this trade.

EURJPY - Read, Learn and Understand how PRICE moves in and around the Strat Shadow in a trend and you would never have taken this trade.

EURNZD M15 - Well here's my opinion although I am new to PASR but not new to trading. This tells me you need to FORGET whatever it is you ""think"" you know about trading and START AGAIN with the cleanest of clean sheets.

This is horrible for someone ""not new to trading""

Look at your entry for short - is it PASR? HELL NO! Is it a PASR Candle? - YES but for LONG entries in a LONG TREND

Read, Learn and Understand how PRICE moves in and around the Strat Shadow in a trend and you would never have placed your Stop Loss where you did.

PASR Trend Trading teaches traders to let PRICE breathe

The only good thing is that you identified the DOWN TREND but you royally screwed everything else up - No need to tell you what my blind Old man with....................would have done!

USDCAD - Read, Learn and Understand how PRICE moves in and around the Strat Shadow in a trend and you would never have taken this trade.

Chris - some serious advice - ""Well here's my opinion although I am new to PASR but not new to trading"".

The 2 years you spent on The Comedy Thread is working AGAINST you. You need to eat humble pie and forget ""not new to trading"" because what you have demonstrated on EURNZD M15 shows STEP 2 – Not knowing that you don’t know what you don’t know or, to give it a fancy name, Conscious Incompetence - from my 5 Steps to becoming a consistently profitable Forex trader from experience from Post 1 on this thread.

Out of curiousity on my part, where do YOU think you are on these 5 Steps?
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,371
  • Nov 4, 2018 11:54am Nov 4, 2018 11:54am
Basic PASR - Swing PASR - Trend PASR

Quoting TampaFX
I have a question after reading through most of this thread and "The Path" website link. I tried searching the thread with no success. I really want to clarify this before I continue reading posts and looking at charts. Can someone please give me a brief description of the differences or point me to a thread I may have over looked? Basic PASR Swing PASR Boss Swing Thanks Chris
I never separated these into Sections which, now I look back, is a mistake on my part. Instead, they are intermingled with all the posts meaning that you really must take the time to read from Post 1 on both threads.

PASR Boss Swing is an ADVANCED PASR strategy and should not be attempted until one is competent on Basic PASR, Swing PASR and Trend PASR because you need ALL those strategies.

All this tells me you are impatient at wanting to make money - not a good quality for "consistently profitable" trading
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,372
  • Nov 4, 2018 12:00pm Nov 4, 2018 12:00pm
Quoting HappyTrend
{quote} Not really.. i know how to draw it... I only want to recap with the confirmation of Strat. Thank you for ur reply.
I would help if I knew what pair your charts were - there is no pair identification on your charts!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,373
  • Nov 4, 2018 12:04pm Nov 4, 2018 12:04pm
Quoting strat
{quote} I would help if I knew what pair your charts were - there is no pair identification on your charts!

From your post: https://www.forexfactory.com/showthr...3#post11653663

is GBPUSD
  • #8,374
  • Nov 4, 2018 12:04pm Nov 4, 2018 12:04pm
PASR

Quoting Corinna
{quote} Hi Peter, welcome to this community. As someone who has just completed reading Strat's old thread, I suggest you skip going to the James 16 thread as mentioned at the beginning of the old thread. Since you are new to forex and clean to the indicators world, don't read others method, just follow Strat's. You will learn faster and better. Happy reading. Corinna
I suggest you skip going to the James 16 thread as mentioned at the beginning of the old thread.

Thank you Corinna. You are right - there is NO ADVANTAGE or VALUE to doing this. I will edit Post 1 to show this.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,375
  • Nov 4, 2018 12:15pm Nov 4, 2018 12:15pm
Quoting HappyTrend
{quote} From your post: https://www.forexfactory.com/showthr...3#post11653663 is GBPUSD
I know what MY post is but no-one knows what YOUR posts is.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,376
  • Nov 4, 2018 12:24pm Nov 4, 2018 12:24pm
Quoting strat
{quote} I know what MY post is but no-one knows what YOUR posts is.
GBPUSD

Monthly: S&R Black Rectangle Dash with Colour

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Weekly: S&R Black Rectangle Solid Line

Attached Image (click to enlarge)
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Daily: S&R Cadet Lines.
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  • #8,377
  • Nov 4, 2018 12:24pm Nov 4, 2018 12:24pm
Grimweasel

Quoting TampaFX
Anyone know what happen to Grimweasel? After reading about his success in the old thread I'm surprised he is off this thread. {image}
That's OK, I am a curious person also.

Danny boy (Grimweasel) and Nicola (elitejts) were both in the RAF together. Danny was an Officer and Nicola was an Air Traffic Controller. Nicola got Danny to join my 2009 thread. Nicola ""got into bed"" (I don't mean literally!) with a UK Hedge Fund trader and diversified into Harmonics specialising in Crude Oil. Danny joined me on my private website and, like all the other "consistently profitable" traders, left without so much as a "kiss my arse", relocated to London and joined a Prop firm there. Last I heard, they were both doing good.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,378
  • Nov 4, 2018 12:33pm Nov 4, 2018 12:33pm
Quoting Francl
Hi Strat & fellow traders I accidentally found your thread watched FF calendar few days ago, I started to read and it seems very interesting to me. (joined to FF in 2013 but never participate in any thread as I traded stocks…not know even how to post on thread) I started to trade part time in 2013 with stocks, lost a lot, than move to options and gave part of account to trade one trader in London (advertised by option broker) what reversed to a catastrophe…..need a lot of time to recover my psiho… ….at the begining (2013) started to trade just momentum,...
Hi Igor,

Welcome to the thread. Looking forward to you joining in our discussions.

Regards,
Miku
  • #8,379
  • Nov 4, 2018 12:47pm Nov 4, 2018 12:47pm
Quoting Rufus
Well... I am finally back to normal trading routine. Between traveling, taking care of my mom and other family issues then most recently, employee problems, there has not been much time for me to focus without the unnerving distractions. Rufus
Welcome back Rufus. Glad to see you back.
  • #8,380
  • Nov 4, 2018 2:16pm Nov 4, 2018 2:16pm
Quoting strat
Grimweasel {quote} That's OK, I am a curious person also. Danny boy (Grimweasel) and Nicola (elitejts) were both in the RAF together. Danny was an Officer and Nicola was an Air Traffic Controller. Nicola got Danny to join my 2009 thread. Nicola ""got into bed"" (I don't mean literally!) with a UK Hedge Fund trader and diversified into Harmonics specialising in Crude Oil. Danny joined me on my private website and, like all the other "consistently profitable" traders, left without so much as a "kiss my arse", relocated to London and joined a Prop...
Thanks, Strat for letting us know! I also wanted to ask about them but declined it as I thought it could be "gossip" questions
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
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