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Strat's PASR Long Term, Stress Free Trading

  • #8,501
  • Edited 6:32pm Nov 7, 2018 5:28pm | Edited 6:32pm
Quoting strat
EURJPY {quote} Boss Swing is UP {image}
Okay, so using Boss higher high and higher low to confirm up swing rather than waiting for a close above the most recent low??
OR is it the innate ability to see beyond the candles and watch the market flow as is our ultimate goal??
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  • #8,502
  • Nov 7, 2018 9:16pm Nov 7, 2018 9:16pm
Thank you Strat for everything!

Is amazing how the trades can go trading the BOSS SWING... before i focus in trading the boss swing i close a few trades in different pairs... And only for watch how still going in the direction of the Boss Swing...

Still have Trades open like AUDCAD, AUDUSD, EURJPY preparing for buy CADJPY and more others...

Sadly i close the NZD trades... But this is what i was looking for.. practicing the boss swing in live trading.

Im just thinking trading this way with full lotsizes hehehe, amazing! But for that i need a few months more. Thank you.
  • #8,503
  • Nov 8, 2018 12:32am Nov 8, 2018 12:32am
Quoting TerryDawe
{quote} A few of the "lot" provided their views on Strat's query and I wonder if anyone followed up with long positions on this pair. This is not one of the highest volatility pairs but since Strat's post, price on the H4 has moved up in a classic manner following the shadow and responding at S/R levels. Total to date 200+ pips, not including add-ons. {image}
I didn't trade eur/jpy, it seemed a little slow like it was grinding up. I took a trade in AUD/JPY instead that hit my TP.

Quoting Eurotrader17
NZDCAD BASIC PASR BIGBOSS Immediate trend -> UP {image} BOSS In a Swing UP -> UP {image} WORKER I could've opened a position where marked with but I waited for confirmation in the very next resistance Just closed a small position (TP set at the beginning) and still running most of it {image}
I missed that one, I'm looking for a pullback on most of the AUD and NZD pairs to get an entry.
  • #8,504
  • Nov 8, 2018 3:16am Nov 8, 2018 3:16am
Hi guys,
still paper trading basic PASR on H4 until the end of year. There were two beautiful continuation entries on H4, but did not take them.
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Basic/Swing PASR is coming together nicely I feel, but still figuring out how to enter strong trends like on AUD and NZD pairs ATM when there is no major retracement.
How would you enter on chart below and where would you place your stops?
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  • #8,505
  • Nov 8, 2018 3:38am Nov 8, 2018 3:38am
Quoting Zanek
Hi guys, still paper trading basic PASR on H4 until the end of year. There were two beautiful continuation entries on H4, but did not take them. {image} {image} Basic/Swing PASR is coming together nicely I feel, but still figuring out how to enter strong trends like on AUD and NZD pairs ATM when there is no major retracement. How would you enter on chart below and where would you place your stops? {image}
See the chart for my comments.
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  • #8,506
  • Nov 8, 2018 3:56am Nov 8, 2018 3:56am
Good morning!

Plenty of opportunities on M5 ...right after London open
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"What would you attempt to do, if you knew your success was a certainty?"
  • #8,507
  • Edited 4:25am Nov 8, 2018 4:10am | Edited 4:25am
Quoting Zanek
Hi guys, still paper trading basic PASR on H4 until the end of year. There were two beautiful continuation entries on H4, but did not take them. {image} {image} Basic/Swing PASR is coming together nicely I feel, but still figuring out how to enter strong trends like on AUD and NZD pairs ATM when there is no major retracement. How would you enter on chart below and where would you place your stops? {image}
The support line is drawn from the daily chart
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I am always using recent low to put a stop and adjust the position size. Although with my microlots it doesn't really matter since it can't get smaller than 1K of currency

PS: I was watching since monday the action on SP500 but I didnt like how price kept going up. and even going to the H1 chart I am not really excited to go long below previous resistance and close to WCC high. any suggestions to things I might be missing here ?
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  • #8,508
  • Nov 8, 2018 4:19am Nov 8, 2018 4:19am
Quoting Zanek
Hi guys, still paper trading basic PASR on H4 until the end of year. There were two beautiful continuation entries on H4, but did not take them. {image} {image} Basic/Swing PASR is coming together nicely I feel, but still figuring out how to enter strong trends like on AUD and NZD pairs ATM when there is no major retracement. How would you enter on chart below and where would you place your stops? {image}
Hi Zanek,

While I was thinking to reply this, Rub already answered you with his excellent reply. Then again I thought to add little bit to this.

You need to learn basic candle entries Strat advice's us to practice. ( Shooting Star, Hammer, BUEB, BEEB.)
Then you need to learn how PRICE behaves around Strat Shadow and around S/R levels. (practice Strats M1 boot camp and M5 trend trading)

Especially when you understand how PRICE behaves around Strat Shadow and S/R levels ,things will become much more clearer.

This is What I am doing..(while in THE PATH), I downloaded all the Strat's and other senior's charts (M5 charts ) and I study the these charts (when I am not reading The path ..)
it really helps. I know some of the others printed these charts. I am also planing to compile a booklet in future.

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hope this helps

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #8,509
  • Nov 8, 2018 4:39am Nov 8, 2018 4:39am
Quoting strat
{quote} Would it make sense to pick one for each cross (AUDUSD/NZDUSD, EURAUD/EURNZD, GBPAUD/GBPNZD) versus watching both? If that's what floats your boat but it would sink mine! I just try to find the pair(s) in the top 10 of my volatility list which are volatile (moving).
Thanks for the reply!
Successful people do what unsuccessful people are not willing to do
  • #8,510
  • Nov 8, 2018 4:41am Nov 8, 2018 4:41am
Quoting MikuSS
{quote} Hi Tampa, I assume you are referring to the primary trend change on the Boss? Yes. What if you are trading the Daily? Just like M5, we only observe the Daily time frame if we trade the Daily chart. The Weekly chart (which is the Boss) helps us to identify possible end of trend. Are you aware of written entry and exit rules for Swing & Trend PASR on higher timeframes (Worker = Daily)? Strat has already answered this question above. Cheers, Miku
Thanks for the reply!
Successful people do what unsuccessful people are not willing to do
  • #8,511
  • Nov 8, 2018 4:46am Nov 8, 2018 4:46am
Quoting Eurotrader17
NZDCAD BASIC PASR BIGBOSS Immediate trend -> UP {image} BOSS In a Swing UP -> UP {image} WORKER I could've opened a position where marked with but I waited for confirmation in the very next resistance Just closed a small position (TP set at the beginning) and still running most of it {image}
Eurotrader,

I looked at the 11/5 BUEB as well. I decided to pass as the stop loss would have been to large. Where did you place your stop?
Successful people do what unsuccessful people are not willing to do
  • #8,512
  • Nov 8, 2018 4:59am Nov 8, 2018 4:59am
Quoting bistolis
...
Thanks for the reply. I would wait for break and retest with PASR of 2813.81 resistance. If it goes down, then I would look for PASR around SS+200 and 2755.00.
  • #8,513
  • Nov 8, 2018 5:10am Nov 8, 2018 5:10am
Quoting Suran
{quote}...
Hi and thanks for the answer. I also study Strats, Yomis and Saads charts. There is always something to learn here and in the old thread...
  • #8,514
  • Edited 5:29am Nov 8, 2018 5:17am | Edited 5:29am
Quoting Zanek
Hi guys, still paper trading basic PASR on H4 until the end of year. There were two beautiful continuation entries on H4, but did not take them. {image} {image} Basic/Swing PASR is coming together nicely I feel, but still figuring out how to enter strong trends like on AUD and NZD pairs ATM when there is no major retracement. How would you enter on chart below and where would you place your stops? {image}
Hi Zanek,

I'm learning PASR as well but here is my opinion.

I am in the EURAUD H4 trade. My worker is the Daily however I looked for an entry on H4 based on the Daily / Weekly timeframes. It's near support and I will start trailing my SL soon.

I am not in the NZDCAD trade but here is what I see: (I looked at the 11/5 BUEB on the daily but the SL was too large)

Big Boss (Weekly) - Primary trend UP
Boss (Daily) - Primary trend UP

On 10/31 you could have started looking for longs on H4. I have attached two possible entries.

***Senior PASR members please correct me if I am wrong on my analysis***
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Successful people do what unsuccessful people are not willing to do
  • #8,515
  • Nov 8, 2018 5:32am Nov 8, 2018 5:32am
Quoting Suran
{quote} Hi Zanek, While I was thinking to reply this, Rub already answered you with his excellent reply. Then again I thought to add little bit to this. You need to learn basic candle entries Strat advice's us to practice. ( Shooting Star, Hammer, BUEB, BEEB.) Then you need to learn how PRICE behaves around Strat Shadow and around S/R levels. (practice Strats M1 boot camp and M5 trend trading) Especially when you understand how PRICE behaves around Strat Shadow and S/R levels ,things will become much more clearer. This is What I am doing..(while...
Excellent advice Suran! I am also taking screenshots and placing them in different folders.
Attached Image
Successful people do what unsuccessful people are not willing to do
  • #8,516
  • Nov 8, 2018 5:46am Nov 8, 2018 5:46am
Quoting bistolis
I havent shared a book for some time now. So here is one that is a good read for everyone. Suranga this is for you {file} you will need an EPUB file reader for this

ohh Thanks Bistolis, Just now I read this. Soo sorry for that. I couldn't read my backlog after that retreat of mine. Now only I started reading last 20 ,30 pages.. Bad reader I am..

Anyway thanks for the book. will definitely add to my list of reading stuff..

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #8,517
  • Nov 8, 2018 8:15am Nov 8, 2018 8:15am
GBPCAD

Here is my analysis of this pair. Please correct me.

Big Boss:
Started 4th month of consolidation
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Boss:
Price bouncing from 1.66 to 1.72
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Worker:
Now reacting to resistance. I will be looking how today's candle will close to determine if there is a possibility to sell this pair.
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Strat shadow holds further price dawnfall on 4H
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  • #8,518
  • Nov 8, 2018 9:15am Nov 8, 2018 9:15am
Quoting Szpons
GBPCAD Here is my analysis of this pair. Please correct me. Big Boss: Started 4th month of consolidation {image} Boss: Price bouncing from 1.66 to 1.72 {image} Worker: Now reacting to resistance. I will be looking how today's candle will close to determine if there is a possibility to sell this pair. {image} Strat shadow holds further price dawnfall on 4H {image}
GBPCAD

Hi Szpons

My analysis on this pair is very much the same as yours. Let's wait and see what price does. Herewith my Worker chart.

Regards
Pete
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  • #8,519
  • Nov 8, 2018 9:17am Nov 8, 2018 9:17am
Quoting Szpons
GBPCAD Here is my analysis of this pair. Please correct me. Big Boss: Started 4th month of consolidation {image} Boss: Price bouncing from 1.66 to 1.72 {image} Worker: Now reacting to resistance. I will be looking how today's candle will close to determine if there is a possibility to sell this pair. {image} Strat shadow holds further price dawnfall on 4H {image}
Hi Szpons,
Big Boss: Started 4th month of consolidation
I wouldn't call it consolidation. Ranging would be the word.

Boss: Price bouncing from 1.66 to 1.72
Ok. Be clear of the direction of the swing of the Boss.

Worker: I will be looking how today's candle will close to determine if there is a possibility to sell this pair.
I think you need more than a day to make sure the Boss swing has ended.

Be patient, and I think Price will tell you what to do.
  • #8,520
  • Nov 8, 2018 9:19am Nov 8, 2018 9:19am
EURJPY

Quoting TerryDawe
{quote} Okay, so using Boss higher high and higher low to confirm up swing rather than waiting for a close above the most recent low?? OR is it the innate ability to see beyond the candles and watch the market flow as is our ultimate goal?? {image}
Terry, for me it is just ""SEEING"" it and know what is going on. This comes from intuition and years of experience watching these situations. I am not a believer in "rules" since the Market has no rules but I try to give guidelines. You may remember I was opposed to Roger (No1Optimist) on my private website who wanted to break down all my analyses into a set of rules. My confirmed Weekly Swing is the final acknowledgement of the swing rather than the initial identification.
15 YEARS OF PASR ON FOREX FACTORY!
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