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Strat's PASR Long Term, Stress Free Trading

  • #8,381
  • Nov 4, 2018 2:34pm Nov 4, 2018 2:34pm
Quoting Scrumy
{quote} Thank you strat for your input - also on the MT4 topic. Appreciate it and my brain did A LOT of extra work (partially on it's own, based on the input I received from all of you). Thanks to all of you. Were you are of the biggest RED FLAG news event today when you entered this trade - NFP? News trading is only for EXPERIENCED traders no matter what their strategy is. I must admit, I have seen it just an hour before - was considering to give a heads up to the traders in this thread, but thought they would be aware of it. And I also don't wanted...
Hi Scrumy,
I also use the same tool Just started using it a couple of weeks ago after having tried spreadsheets, everno**, o*nenote,...
I find it quite good so far and very easy for classifying and reviewing trades.
I have several lists(Possible trades, Open trades, Winning trades, Losing trades) and for every card, if I open a position I also set the due date with the day I get in and that helps a lot when reviewing what I did during last weeks going through the calendar of this tool.
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #8,382
  • Edited 3:31pm Nov 4, 2018 3:18pm | Edited 3:31pm
Quoting strat
M5 & M15 Trading {quote} 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...
Strat,

Thanks for your response.

First off I posted the wrong chart timeframe for EURNZD my apologies. That trade (like all the others I posted) was taken on M5 (see attached M5 chart).

I have not spent the last two years in the "Comedy thread" which I assume you are referring to TMS. As discussed in my introduction post I took this year off from Forex with the exception of a few FXE option trades.
Attached Image (click to enlarge)
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Successful people do what unsuccessful people are not willing to do
  • #8,383
  • Edited 4:36pm Nov 4, 2018 3:29pm | Edited 4:36pm
Quoting Totomanda
Hey, I you want some free Initiative Q coins, i have left 1 invite link. Register with any email address and hope the best it will be the new Bitcoin. Join early stage. { personal information deleted by staff, per request }
Hahahahaha... Joined 2012 to ForexFactory and then you end in spamming that scam thing? wow...

"hope the best it will be the new Bitcoin"


"Hope" in Trading doesnt exist.
  • #8,384
  • Edited 7:49pm Nov 4, 2018 3:30pm | Edited 7:49pm
Quoting strat
Basic PASR - Swing PASR - Trend PASR {quote} 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...
OK let me clear things up as you appear to be quick to judge without all the details.

I am not "impatient at wanting to make money" as I make a good living and plan on not making any money from Forex this year. This fall/winter is dedicated to getting me back in the Forex mindset as it's different than equities/options.

My plan is to take what I learn in small blocks of information and then apply them to the charts. Without clear definitions of the above terms it makes that difficult.

In my highly technical profession we teach in small blocks and then apply what the student learned.

I will continue reviewing posts to the differences between Basic, Swing, and Trend.

Can you confirm if the following statement from "The Path" applies to all strategies: The Daily is governed or controlled by the Weekly, which we call the BOSS. As long as we only trade from the Daily, then these two are all we really need. We can look at the Monthly for a longer, further out view, but as regards our trading decisions on the Daily, since the Monthly is two time frames higher (and controls the Weekly), we can disregard this.

Thanks for the reply,

Chris
Successful people do what unsuccessful people are not willing to do
  • #8,385
  • Nov 4, 2018 4:31pm Nov 4, 2018 4:31pm
Quoting Totomanda
{quote} Okay, you right. sorry removed the post. Please remove your Quoted post with my link. I will request the FF Moderators to Cleanup on that posts. Thank you, and sorry Cheers
np but you shouldnt waste your time with coins. unless they are at least made from silver
  • #8,386
  • Nov 4, 2018 7:50pm Nov 4, 2018 7:50pm
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 for the update!
Successful people do what unsuccessful people are not willing to do
  • #8,387
  • Nov 5, 2018 6:11am Nov 5, 2018 6:11am
EURAUD

Bigboss: Upward trend, we can see that since June the bigboy were intended BRN 1.63500 who was reached late September and late October and resulted in down which is so their profit taking. Price is now at 1.58 support

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Boss: Bullish Structure, boss is doing a new HL? I don't know but in any case the BRN 1.58 interested buyers, the price is to support.

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Worker: The candle last Friday showed us a doji above 200 ema that shows us a certain indecision.
He could almost look like a hammer because the wick is to support but there is a wick at the top too and a little body so doji I consider corrected me if I'm wrong.

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We can also see a confluence of fibo 50

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what to do? for now wait until the end of the candle of today to see if the bigboys show us the direction.



Now I will take an example other than just to see if we have the same logic for the trade management :

IF the bigboy have demonstrated the direction on the rise for even more security, enter the daily when boss will be done (if it does) swing low on a removal (pullback) of the price to the stratshadow with PA.

or even IF and only if the candle of today confirmed an uptrend on daily then go on H4(boss) or H1(worker) to get a long trade on the removal (pullback) of the price on StratShadow and manage trade on h1 of course.

Thank you for your comments
  • #8,388
  • Nov 5, 2018 8:29am Nov 5, 2018 8:29am
GBPJPY

Price has produced a gap, and if it closes as a doji/hanging man at Resistance, what would happen next?

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  • #8,389
  • Nov 5, 2018 8:48am Nov 5, 2018 8:48am
Quoting MikuSS
GBPJPY Price has produced a gap, and if it closes as a doji/hanging man at Resistance, what would happen next? {image}
Keep in mind...At resistance you want a Falling Star or a Gravestone Doji,or bearish PASR. Otherwise to me, it is just a candle.... A Hammer which is what you are probably saying with hanging man is at support bullish.

Then again if you are thinking bullish? ???
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #8,390
  • Nov 5, 2018 9:08am Nov 5, 2018 9:08am
Quoting strat
MT4 {quote} Thank you to all those who have replied to Scrumy on this topic - TRADERS HELPING TRADERS MT4 has severe limitations when compared to Professional charting software such as TradeStation etc., but, you get what you pay for. MT4 is free and, as long as I work and trade within its limitations, MT4 is fine for me. I occasionally check other chart trading software (the latest was Ninja Trader) but then I see Nicola (elitejets) telling me AGAIN - "there is nothing new in trading!" If I have multiple chart windows open, then I face on big problem:...
Dear Coach,
I could not help but come out from the Lurker room when i came across this post especially where you said,
"I have a Profile called ""ALL" which shows 28 pairs on the Daily time frame all reduced in size to fit in that one screen." on your MT4 platform.
That got me thinking aloud, what if i can have a Profile that has all the (for example) USD pairs together on one screen and do same for each of the other 7 pairs.
So doing i can window shop easily across pairs and like you said enlarge on any pair of interest and trade PASR.
Apologies if i am being lazy here but this knowlege might help those of us that cannot afford other paying charting platform for now.
Thank you
Emeka
A
  • #8,391
  • Nov 5, 2018 9:10am Nov 5, 2018 9:10am
Quoting Rufus
{quote} Keep in mind...At resistance you want a Falling Star or a Gravestone Doji,or bearish PASR. Otherwise to me, it is just a candle.... A Hammer which is what you are probably saying with hanging man is at support bullish. Then again if you are thinking bullish? ???
Of course, I am speaking as a reversal.

If it closes as a Hanging Man/Doji, then we still need confirmation candle from the next day(s) to confirm the swing down.
  • #8,392
  • Nov 5, 2018 9:43am Nov 5, 2018 9:43am
PASR THE PATH

Quoting TampaFX
{quote} OK let me clear things up as you appear to be quick to judge without all the details. I am not "impatient at wanting to make money" as I make a good living and plan on not making any money from Forex this year. This fall/winter is dedicated to getting me back in the Forex mindset as it's different than equities/options. My plan is to take what I learn in small blocks of information and then apply them to the charts. Without clear definitions of the above terms it makes that difficult. In my highly technical profession we teach in small blocks...
The Daily is governed or controlled by the Weekly, which we call the BOSS. As long as we only trade from the Daily, then these two are all we really need. We can look at the Monthly for a longer, further out view, but as regards our trading decisions on the Daily, since the Monthly is two time frames higher (and controls the Weekly), we can disregard this.

I see where there can be confusion.

PASR is a 3 time frame analysis.

Our ""Worker"" chart is the time frame on which we enter our trades after our 3 time frame analysis. The""Worker"" is controlled by the ""Boss" which in turn is controlled by its ""Big Boss". So our Worker can be the Daily chart, H4 or H1 where each is analysed and evaluated on a 3 time frame analysis.

So, in the case of the Daily chart being our ""Worker"", we start with our 3 time frame analysis. Monthly (Big Boss) first which is then toggled down to Weekly (Boss) which, in turn is then toggled down to Daily (Worker).

The Monthly (Big Boss) is used to identify swing and key support and resistance levels as well as using it as a ""Birds eye view/Big Picture from 50,000 feet"" to identify the overall sentiment and where the Big Boys (Investment Banks and Hedge Funds) are taking PRICE. We don't use the Big Boss to actually make a trading decision but there will be many times when it provides confluence with the Boss and Worker to give us added confidence in taking trades.

Once we have our ""Birds eye view/Big Picture from 50,000 feet"" together with our Support and Resistance areas/zones/levels, we toggle down to the Weekly (Boss). We first adjust the Big Boss levels to the Weekly chart and ADD any key and immediate Support and Resistance areas/zones/levels to it. The Boss (Weekly) is what ""drives"" our trading chart, the Worker, so we need to find out as much as we can about what the Big Boys (PRICE) are doing.

This chart (copied by so many) along with my Power of Time Frames, MUST be UNDERSTOOD to have any chance at being successful at PASR trading.

Attached Image


This chart clearly shows us that, starting at the left, the Boss, our PRIMARY TREND, (green) is in an UP SWING. It then tops out at resistance and then goes into a DOWN SWING.

The Worker (blue) OSCILLATES around the Boss UP SWING until it tops out at the SAME resistance as the Boss. The Worker then FOLLOWS the Boss in its DOWN SWING again OSCILLATING around it.

So, the key is to identify the Boss SWING and KNOW which SWING PRICE is in AT ANY TIME.

We then trade the Worker IN THE DIRECTION of the BOSS SWING using PASR.

Hopefully this clears up any misunderstanding.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,393
  • Edited Nov 6, 2018 9:17am Nov 5, 2018 11:53am | Edited Nov 6, 2018 9:17am
GBPCAD M1 PASR Trend Trading

Just keeping my hand in - pretty good for a Monday!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,394
  • Edited 2:46pm Nov 5, 2018 1:57pm | Edited 2:46pm
GBPAUD, GBPUSD and AUDUSD

Quoting Victoria2017
Hi Strat and senior PASR students, Could you please comment on my analysis especially the SR level? Any words is highly appreciated. The thick line is the SR from W1 and the thin line is the SR from D1. I doubt about myself a lots during the analysis. I did it on Saturday then came back on Sunday with fresh eyes. However, the improvement for me is that I took less time for weekly analysis now. I have 18 pairs. It took me 7 hours last week but only 6 hours this week. The GBP/AUD is the pair I have a firm idea. I also consult GBP/USD and AUD/USD for...
You have got comments from huatzhi, BTS, Miku and Terry - TRADERS HELPING TRADERS

GBPAUD: Big Boss: October candle is doji with long up wick which shows sellers' power. The last a few months are side way and close above Strat Shadow, which means bullish to me. The overall trend is up.

The Strat Shadow is horizontal and PRICE ACTION is horizontal telling me that this pair is not high on the priorities of the Big Boys. The overall trend is SIDEWAYS in a 1450 pip trading range.

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Boss: Last candle is doji with long tail, which shows buyers' power, Close at 20MA, possible HL. The overall trend is up.

The candle ending November 02, 2018 is a doji hammer telling us that week closed with the buyers IN CONTROL.

buyers' power

Don't think of it as ""power"" as you will be subconsciously looking to only trade long.

Close at 20MA

PASR does NOT trade moving averages!!!!!!!!! That doji hammer closed at Strat Shadow support

possible HL

PASR does NOT trade ""possibilities"". PASR trades the HERE and NOW never what is ""possible""

The overall trend is up.

But MORE IMPORTANT - what SWING is the Boss in?

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Worker: Last two candles are doji with long tails, which means buyers are pushing the price higher. They went SR 1.785 twice, tested 200MA twice, buyers have strong power. However, there is no PASR set up yet.

When you KNOW and UNDERSTAND what SWING the Boss is in, you will know that what you wrote is a load of codswallop!

GBPUSD:
Big Boss: Four candles (last one is just for a few days) form sideways as the immediate trend. The overall trend is down.

Good. It also tells us that BRNs 1.26 and 1.27 are current support areas/zones/levels

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Boss: Last candle is medium green with tail. It tested SR 1.27ish but failed. Possible HL is forming. The overall trend is up.

PRICE tested BRN 1.26 and the week CLOSED with the buyers IN CONTROL

It tested SR 1.27ish but failed

What tested ""1.27ish"" and what is making you think ""it"" failed?

Possible HL is forming.

PASR does NOT trade ""possibilities"". PASR trades the HERE and NOW never what is ""possible"". It seems you are determined to "trick" your mind!

The overall trend is up.

But MORE IMPORTANT - what SWING is the Boss in?

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Worker: strong green second last candle. Small red shows buyers TP on Friday. Both of them close above 20MA, which is positive sign for long. The Tuesday and Wednesday candles formed double bottom. Bullish.

Small red shows buyers TP on Friday

Good so what does this tell you ""IF"" you knew what SWING the Boss was in?

Both of them close above 20MA

PASR does NOT trade moving averages!!!!!!!!!

Both of them close above 20MA, which is positive sign for long.

No its not!

The Tuesday and Wednesday candles formed double bottom. Bullish.

Good observation BUT, PRICE has ALREADY respected and used that and moved higher!

If you are a visual trader like me, all those thick solid lines will prevent you from ever taking a trade. You have walled PRICE in a prison cell

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AUDUSD:
Boss: The last candle is a long green. Went up to test 20MA but failed. The close is still in the down trend line.

The last candle is a long green. Went up to test 20MA but failed.

PASR does NOT trade moving averages!!!!!!!!!

What do you "understand" from it "failing".

The close is still in the down trend line.

What ""down trend line""?

But MORE IMPORTANT - what SWING is the Boss in?

Attached Image (click to enlarge)
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Worker: The last candle is doji with long up wick after long green. It is buyers TP to me. The trend is down.

The last candle is doji with long up wick after long green.

Another one who doesn't read my Posts! Go back and read my posts about Hammers and Shooting Stars. That candle is telling PASR traders lots of information.

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Plan for the week: The wick is too long for SL point when I go short. I will go H1 for short opportunity.

Why H1? Who is the BOSS of H1?
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,395
  • Nov 5, 2018 3:42pm Nov 5, 2018 3:42pm
Quoting MikuSS
{quote} Of course, I am speaking as a reversal. If it closes as a Hanging Man/Doji, then we still need confirmation candle from the next day(s) to confirm the swing down.
Yes this candle is a warning on my card it's hunging man.

The price may continue to rise or change direction downwards.

The candle of tomorrow will tell us..
  • #8,396
  • Nov 5, 2018 7:27pm Nov 5, 2018 7:27pm
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
Thank you guys for the welcome! Thank you Corinna for the heads up and Strat for confirming it.
From post number 3: The very first thing we have to do is learn basic PASR. This involves learning and UNDERSTANDING exactly what PASR is.

On the beginning of the original thread it is said that the students should already understand basic PASR. Is there some place or posts I should look at first, or is it okay to keep practice and just follow the thread?

best,
peter
  • #8,397
  • Nov 5, 2018 9:38pm Nov 5, 2018 9:38pm
AUDJPY Papertrade

BB
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Main Analysis - AUDJPY is mainly bearish. BB did tell us that price still wanting to go down with August BEEB, reminding us again on October, while telling us that there are still buyers around 80 BRN trying to push the price back up.

Confluences Analysis - it is doing it side way things with all the up and downs since March. BEEB on August is still in control.

B
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Main Analysis - Currently the price is in upward swing of a down trend.

Confluence Analysis - It hit the Strat Shadow, which is where big boys come in and push the price down, hence the upper wick of BUEB. The BUEB high wick retracement is resisted by SR 82, trendline and Strat Shadow.

W
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Main Analysis - A strong BUOB that cross Strat Shadow, the followed by a shooting star(latest PA) on resistance area.

Confluence Analysis - BUOB also crossed 80BRN. The shooting star confluence with SR Area and trend line. Yesterday candle is an inside bar confluence of Shooting Star, on the SR.

3 Tranches
SL - 82.519 last swing high
Entry - A sell stop placed at 80.980 couple pips below Shooting Star/IB.
TP1 - 80.260 ATR5, SL move to BE
TP2 - 79.119 latest swing low close
TP3 - Trailing swing high

I separated main analysis and confluence analysis for now because I think I starting to get ahead of myself again. After separated, it can be clearly seen that this is another trade that is against the boss swing. Had not learnt my lesson, but it still look so valid.
  • #8,398
  • Nov 5, 2018 9:49pm Nov 5, 2018 9:49pm
Quoting Plateaus
{quote} Thank you guys for the welcome! Thank you Corinna for the heads up and Strat for confirming it. From post number 3: The very first thing we have to do is learn basic PASR. This involves learning and UNDERSTANDING exactly what PASR is. On the beginning of the original thread it is said that the students should already understand basic PASR. Is there some place or posts I should look at first, or is it okay to keep practice and just follow the thread? best, peter
Hi Peter,

Old wiki on the first post allow you to get a rough idea about PASR, you might want to go through that first. I think it is okay to keep practice and just follow the thread, provide that you still have to take your time going through both old and new thread.

Alternatively, you can follow along the old thread, and ask question about whichever you don't understand on old thread here depend on your pace.
  • #8,399
  • Nov 5, 2018 11:14pm Nov 5, 2018 11:14pm
Quoting landax
EURAUD Bigboss: Upward trend, we can see that since June the bigboy were intended BRN 1.63500 who was reached late September and late October and resulted in down which is so their profit taking. Price is now at 1.58 support {image} Boss: Bullish Structure, boss is doing a new HL? I don't know but in any case the BRN 1.58 interested buyers, the price is to support. {image} Worker: The candle last Friday showed us a doji above 200 ema that shows us a certain indecision. He could almost look like a hammer because the wick is to support but there is...
Hi landax

Here is my analysis of EURAUD

BB
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Immediate trend is down, overall trend is up. Shooting star resisted on SR 1.625. It was a second retest on SR.
- It was a second retest on SR.
- BUOB is in control.

B
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Immediate trend is down, now is testing on support.
- base on previous prices, price generally don't change direction immediately on this pair, there are mostly weekly PA before big move happens or at the start of the big move.

W
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Dojis after BEEB.


Yes, you could look for bullish entry on H1 or H4 if daily show bullish PASR. Same goes for bearish. However I will ignore daily PASR if I trade daily because 1) I don't have good SR location to do so for bearish PA and 2) its against BB and B immediate trend for bullish PA.
  • #8,400
  • Nov 5, 2018 11:53pm Nov 5, 2018 11:53pm
Quoting strat
PASR THE PATH {quote} The pain of loss is a much better tutor than demo A new catch phrase for me, thank you. Why didn't I think of that?
Because you have important things to do, like spend pips, meld with the Strat ( Last Saturday I got to play a telecaster with a beautiful old Marshall valve state) and help the incorrigible among us on this thread....... enough work for a lifetime.
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