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Strat's PASR Long Term, Stress Free Trading

  • #8,421
  • Edited 12:22pm Nov 6, 2018 10:00am | Edited 12:22pm
AUDJPY

Quoting huatzhi
AUDJPY Papertrade BB {image} 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 {image} 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...
Disappointed that no-one chose to comment on this but it could be that there were so many posts over the week-end.

Big Boss: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.

This pair is directionless AT THIS TIME. There are 4 months of testing BRN 79-80 telling us how important this PRICE area/zone/level is

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 59 KB


Boss:
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.

Good.

Attached Image (click to enlarge)
Click to Enlarge Name: b.PNG Size: 61 KB


Worker: 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.

Good.

Attached Image (click to enlarge)
Click to Enlarge Name: c.PNG Size: 67 KB


You were doing very good UNTIL I saw this:

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

This tells me you have gone backwards on THE PATH!

You correctly identified the Shooting Star but failed to consider it with the candles and PRICE ACTION following it. You have forgotten that our PASR candles are ONLY the first sign of an impending entry. We do not initiate our trades on them instead, we WAIT for confirmation.

As yet, that Shooting Star is valid - it has neither failed or proven itself meaning we have NO CONFIRMATION.

While your intended trades may work out in the long run, trading like this will not make you a "consistently profitable trader"

You were doing so well up to this point - you can do much better.

One last thing - watch for news from Australia and Japan as this pair is sensitive to both (mainly on shorter time frames)
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,422
  • Edited 12:05pm Nov 6, 2018 10:35am | Edited 12:05pm
PASR THE PATH

Quoting Fxentropy
First time posting here.... I looked in silence for a couple of weeks now and saw the immense value of this thread for which I want to thank Strat: Hat Off to you Sir! Below is one Daily chart of Gold, I would appreciate it if you can have your comments for this setup. Thanks FxE {image}
Welcome!

I suggest you change your favourite trading quote:

"1). In a losing game such as trading, we shall start against the majority and assume we are wrong until proven correct!"

This is VERY NEGATIVE and TOTALLY against PASR strategy - PASR trades WITH the majority (Big Boys).

PASR traders do NOT consider trading a "losing game"

PASR traders do NOT consider trading as a "game" - we take it VERY SERIOUSLY and treat it as a BUSINESS - a very successful and profitable business.

PASR traders, being well educated in trading, have a PLAN and ALWAYS have CONFIDENCE in our trades meaning that we START knowing that we are ""correct"" (make money).

PASR traders do not care whether we are ""correct"" or not, or "right" or "wrong" - all we care about is MAKING MONEY!

PASR traders are POSITIVE "make it happen", eternal optimistic people with a POSITIVE outlook on life and steer clear of all those with negative psyches and attitudes.

Having said that, your signature "Toujours en avant jamais en arriere" took me back to my Grammar School French lessons where I finally worked out its meaning "Always forward, never backwards" which, being POSITIVE, conflicts with your NEGATIVE favourite trading quote - are you confused?
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,423
  • Nov 6, 2018 10:39am Nov 6, 2018 10:39am
XAUUSD Gold

Quoting Malu
{quote} Hi Bistolis, here is the WCC as I see it... All the best. XAU USD - Boss {image}
That is correct.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,424
  • Nov 6, 2018 10:43am Nov 6, 2018 10:43am
Quoting landax
{quote} Hello, Fxentropy already welcome to this thread, I try to analyze your graph and so here is: Big Boss: I have defined the nearest support and resistance levels in the BRN range 1.47 to 1.8750 {image} Boss: The price is stuck in a WCC for 3 weeks now let's get down on the worker now {image} {image} Worker: What do I see? You have to buy at the resistance of the WCC! {image} So I advise you to read the old thread of Strat, and then this one you will have all the information to understand us, so take the time to understand well before exchanging...
Strat my WCC is it as correct?
  • #8,425
  • Nov 6, 2018 10:44am Nov 6, 2018 10:44am
Quoting landax
{quote} Strat my WCC is it as correct?
Is the next candle of yours.
  • #8,426
  • Edited Nov 7, 2018 10:28am Nov 6, 2018 11:14am | Edited Nov 7, 2018 10:28am
PASR THE PATH

Quoting Victoria2017
{quote} Thank you very much for your comments Strat, they are very valuable for me. I read the post you replied to TampaFx a few times as well. The sentence 'We then trade the Worker IN THE DIRECTION of the BOSS SWING using PASR.' kind of punched me. It simply point out the criteria for PASR trading. It was there in the beginning and be repeated many times but why I didn't pay attention to? I felt guilty when you asked me many times what swing is the Boss in. I realize that one of the fundamental abilities is to determine where the Boss's swing...
It was there in the beginning and be repeated many times but why I didn't pay attention to?

Because in your post about your father, you STILL think you know it all. You must accept you know NOTHING and be the best sponge you can be - soaking up everything you read on here.

I realize that one of the fundamental abilities is to determine where the Boss's swing is and if it is in harmony with Worker.

Oh dear, here we go again:

where the Boss's swing is and if it is in harmony with Worker.

I am going to study charts and observe how price react when Boss swing is in harmony with worker

The Boss can NEVER be in harmony with the Worker!

You just wrote I read the post you replied to TampaFx a few times as well. In that post I wrote:

The Boss (Weekly) is what ""drives"" our trading chart, the Worker

So ""if the Boss is driving the Worker"" how can it be ""in harmony"" with the Worker? You have understood it backwards and upside down - the Worker has to be in harmony with the Boss. Write it one thousand times and repeat it before you go to bed!

This is my character weakness I need to work on. Sometimes I think I am so clever that I can fast forward things.

You are NOT ""clever"" at trading let alone PASR. You will not progress on THE PATH until you ACCEPT you know NOTHING and be the best sponge you can be - soaking up everything you read on here.

The more I learn trading, the more I feel it is another way to self-discover, self-grow and self-improve. It is fascinating. This is another motivation for me to trade.

Trading, serious trading, not ""Hobby"" trading, teaches us so much about ourselves that we never knew. Again, successful trading is 95% psychological and 5% technical. It is all about ""YOU"" and your deep lying characteristics, attitude, personality and outlook. It searches for, and identifies, our weaknesses and truths about ourselves that not even our family dare tell us - except for this family - I dare, and do tell it like it is - no holds barred!

Make sure you understand my "signature" at the end of each post.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,427
  • Nov 6, 2018 11:22am Nov 6, 2018 11:22am
XAUUSD Gold

Quoting landax
{quote} Strat my WCC is it as correct?
No, as HappyTrend wrote, it is the candle after. Make sure your broker data is accurate - there is a 76 pip difference between the high and the CLOSE

Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,428
  • Edited 12:08pm Nov 6, 2018 11:51am | Edited 12:08pm
Quoting strat
PASR THE PATH {quote} 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....
Thank you for the detailed reply as it reinforces much of what I have learned.

For some reason I did not fully grasp the Boss confirmed swing. Without a full understanding many of the charts / trades I saw posted did not make sense. I have since completed several hours of marking Boss swings, and then changed to the Worker looking for potential entries. That was time well spent!

Posts 18721-18739 from your old thread were very useful as you replied in great detail to a new member. (I suggest new PASR traders review these posts AFTER reading "The Path" at least twice).

Thanks

Chris
Successful people do what unsuccessful people are not willing to do
  • #8,429
  • Edited 12:12pm Nov 6, 2018 11:58am | Edited 12:12pm
PASR THE PATH

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
On the beginning of the original thread it is said that the students should already understand basic PASR.

Well now, it seems you are a "Flash" reader and not UNDERSTANDING what you read! You are understanding what you ""think"" instead of understanding what you read.

It does NOT say:

""On the beginning of the original thread it is said that the students should already understand basic PASR.""

The next line after " The Path of Learning takes you through the following progression" is:

The very first thing we have to do is learn basic PASR. This involves learning and UNDERSTANDING exactly what PASR is.

which is the 3rd line after

This whole thread IS THE PATH of Learning.


""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.""

That is NOT from post number 3! Post number 3 is about a solution to ""rattling strings"" on my 1969 Strat!

Is there some place or posts I should look at first,

Read, LEARN and UNDERSTAND this:

This whole thread IS THE PATH of Learning.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,430
  • Edited 1:04pm Nov 6, 2018 12:25pm | Edited 1:04pm
Quoting Victoria2017
{quote} Thank you very much for your comments Strat, they are very valuable for me. I read the post you replied to TampaFx a few times as well. The sentence 'We then trade the Worker IN THE DIRECTION of the BOSS SWING using PASR.' kind of punched me. It simply point out the criteria for PASR trading. It was there in the beginning and be repeated many times but why I didn't pay attention to? I felt guilty when you asked me many times what swing is the Boss in. I realize that one of the fundamental abilities is to determine where the Boss's swing...
Victoria,

I did not fully grasp Boss confirmed swings until recently. I was looking at more of a Intermediate trend on the Boss compared to the primary trend. Naturally a lot of the charts posted did not look like valid trades. I spent a few hours just charting Boss confirmed swings which helped quite a bit!

While doing a search on swings I found Posts 18721-18739 on the old thread which were very useful.

Also reference picture attached.

Chris
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-11-06 at 2.03.33 PM.png Size: 80 KB
Successful people do what unsuccessful people are not willing to do
  • #8,431
  • Nov 6, 2018 12:36pm Nov 6, 2018 12:36pm
Quoting strat
PASR THE PATH {quote} On the beginning of the original thread it is said that the students should already understand basic PASR. Well now, it seems you are a "Flash" reader and not UNDERSTANDING what you read! You are understanding what you ""think"" instead of understanding what you read. It does NOT say: ""On the beginning of the original thread it is said that the students should already understand basic PASR."" The next line after " The Path of Learning takes you through the following progression" is: The very first thing we have to do is learn...
Hello Strat, thank you for the feedback!

I meant to refer to post #3 on this thread, sorry for the confusion. I'll make sure to refer to the correct posts on the correct threads next time.
About my beginning statement: sorry once more, it was my interpretation from post #166 on the original thread.
I'm glad you clarified about it, as this was something I got confused about.

I'll go back to THE PATH from the beginning, and make sure I follow the progression stated on the first post (original thread).

best
peter
  • #8,432
  • Nov 6, 2018 1:07pm Nov 6, 2018 1:07pm
Quoting pippoacher
{quote} 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.
Poker Man - didn't know you played and had such good taste in guitars. Marshalls are more for the "heavy metal" humbucker boys - try original Fender Twin Reverb or Vox AC30.

While we are ""off topic"", make sure you see the "Bohemian Rhapsody"" movie - its just like being at a Rock concert. The guy who plays Brian May could be him 48 years ago!

Here is my 1957 relic:

Attached Image (click to enlarge)
Click to Enlarge Name: 1957 Telecaster.jpg Size: 1.5 MB
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,433
  • Nov 6, 2018 2:01pm Nov 6, 2018 2:01pm
Quoting strat
XAUUSD Gold {quote} No, as HappyTrend wrote, it is the candle after. Make sure your broker data is accurate - there is a 76 pip difference between the high and the CLOSE {image}
Hello Strat, I could not send you a message in private so I'll do it here but it's about my broker, on my graph I have 100 pips between the maximum and the fermuture of your candle WCC.

Attached Image (click to enlarge)
Click to Enlarge Name: WCC.png Size: 32 KB


I don't want my broker to cheat on my analysis, so I think I'm going to have to change.
Do you have a broker to advise me?

Because if my WCC are wrong it can have an impact on my trades and my profitability

Thank you very much for your reply

Bonne soirée (I know you understand French)
  • #8,434
  • Nov 6, 2018 2:25pm Nov 6, 2018 2:25pm
XAUUSD

Quoting landax
{quote} Hello Strat, I could not send you a message in private so I'll do it here but it's about my broker, on my graph I have 100 pips between the maximum and the fermuture of your candle WCC. {image} I don't want my broker to cheat on my analysis, so I think I'm going to have to change. Do you have a broker to advise me? Because if my WCC are wrong it can have an impact on my trades and my profitability Thank you very much for your reply Bonne soirée (I know you understand French)
I could not send you a message in private

I do not accept Private Messages - I learned that, at my cost, from my original 2009 thread.

The candle I identified in the chart below CLOSES 76 pips HIGHER than the HIGH of the previous candle thus cancelling the previous Weekly Control Candle.

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 70 KB


On the subject of brokers, you are in Europe and have a much wider choice than we have as US traders so maybe other European traders can help you.

Just shows how bad my French is - I would have said "Bonne nuit".
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,435
  • Nov 6, 2018 3:52pm Nov 6, 2018 3:52pm
Quoting strat
XAUUSD {quote} I could not send you a message in private I do not accept Private Messages - I learned that, at my cost, from my original 2009 thread. The candle I identified in the chart below CLOSES 76 pips HIGHER than the HIGH of the previous candle thus cancelling the previous Weekly Control Candle. {image} On the subject of brokers, you are in Europe and have a much wider choice than we have as US traders so maybe other European traders can help you. Just shows how bad my French is - I would have said "Bonne nuit".
I will write just one last message tonight because I just want to try to clarify this story of WCC that I do not fully understand otherwise I will not sleep.

I really read everything I could on it.

Here's how I interpret candles :

Attached Image (click to enlarge)
Click to Enlarge Name: wcc de strat.png Size: 50 KB


On this picture I have taken from your graph but on my graph it gives the same thing : The wcc which I noted in orange cannot be wcc because even if the candle after "did not break" her it was control by the previous candle which was the WCC even image down

Attached Image (click to enlarge)
Click to Enlarge Name: wcc de strat un.png Size: 39 KB


So the candle marked in dark blue that you marked become in this case the WCC because it clearly broke the light blue WCC of two before candles.
The previous candle was not finally a WCC

the picture of the current WCC :

Attached Image


Really Strat don't get angry after my post, I'm just trying to get a better understanding by asking the question, I hope you will understand my point of view about the photos I have attached
  • #8,436
  • Nov 6, 2018 3:58pm Nov 6, 2018 3:58pm
Quoting landax
{quote} I will write just one last message tonight because I just want to try to clarify this story of WCC that I do not fully understand otherwise I will not sleep. I really read everything I could on it. Here's how I interpret candles : {image} On this picture I have taken from your graph but on my graph it gives the same thing : The wcc which I noted in orange cannot be wcc because even if the candle after "did not break" her it was control by the previous candle which was the WCC even image down {image} So the candle marked in dark blue that...
I would say correct. The one in orange can't have been a WCC (at least not according to my broker's feed on my live account)
I didnt have time to comment on this since the morning.
  • #8,437
  • Nov 6, 2018 4:04pm Nov 6, 2018 4:04pm
Quoting bistolis
{quote} I would say correct. The one in orange can't have been a WCC (at least not according to my broker's feed on my live account) I didnt have time to comment on this since the morning.
I hope also, thanks for the comment
The orange WCC could not be because of the real WCC before that is to say the candle of October 7 which controlled it
  • #8,438
  • Nov 6, 2018 4:24pm Nov 6, 2018 4:24pm
Quoting landax
{quote} I will write just one last message tonight because I just want to try to clarify this story of WCC that I do not fully understand otherwise I will not sleep. I really read everything I could on it. Here's how I interpret candles : {image} On this picture I have taken from your graph but on my graph it gives the same thing : The wcc which I noted in orange cannot be wcc because even if the candle after "did not break" her it was control by the previous candle which was the WCC even image down {image} So the candle marked in dark blue that...
Yes, you are right in this post.
  • #8,439
  • Nov 6, 2018 4:26pm Nov 6, 2018 4:26pm
Quoting HappyTrend
{quote} Yes, you are right in this post.
Thank you HappyTrend
  • #8,440
  • Nov 6, 2018 4:29pm Nov 6, 2018 4:29pm
Quoting strat
AUDCAD {quote} On your Worker (Daily) chart: 1 = Sellers trying to go with the trend There are no sellers - that gravestone doji is telling us that the sellers rejected the buyers at that PRICE level. That is equilibrium - balance between the sellers and buyers. Neither party is IN CONTROL on that candle. I decide to take profit in there because Big Boss, Boss and Worker still have SS to the down... Buyers start to destroy that seller territory. Better take profit for see what sellers are going to do, and then if buyers still active, going again...

Hello Strat, Well.. My position still open hehehe, practicing trading the Boss Swing. And in AUDJPY too.

Sorry for asking this "fool" question (but i think the real fool is those who dont ask anything..), With Boss Swing, You wait for Boss Candle for made the decision? Or maybe in a BigBoss/Boss Support/Resistance zone, checking the worker for takeprofit and maybe take opposite trade for the Boss Swing?

Thank you.
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