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Strat's PASR Long Term, Stress Free Trading

  • #8,541
  • Nov 8, 2018 5:44pm Nov 8, 2018 5:44pm
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,

My worker have slightly different data feed, with the close I get, this is not the pair I want to sell, for now.

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However, there is GBPUSD this time around.

BB
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Price is in control by the hammer, running side way. 1.27 is an important price level as end of 2016 also constantly testing the same level for a couple months.

B
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Is in up swing, it's in ranging range roof, rejected by Strat Shadow and SR confluences.

W
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Price rejected by SR and went down with BEEB.

3 Tranches
SL - 1.31830 A couple pips above swing high and SR
Entry - 1.30420 A couple pips below BEEB
TP1 - 1.29500 (ATR5 roughly 81 pips), SL to BE
TP2 - 1.27021 Last swing low, also next SR
TP3 - Trailing swing low with SL, SL will move to a couple pips above reverse PASR when it happens, especially TP2 level
  • #8,542
  • Nov 8, 2018 6:22pm Nov 8, 2018 6:22pm
EURUSD

BB
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Immediate trend is down.
- Big boys firmly keep the price and closes below the Strat Shadow, finally, last month break out from control candle. Now is testing the hammer's low.
- While there are some buyers who might hit the SL on hammer's low on current month, also potentially some TP, but sellers push the price back down.

B
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Immediate trend is down. Last weeks is indecision prompting that price is testing support.

W
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BEEB. Past two test of Strat Shadow show that Seller firmly in control. last BUEB doesn't have a strong follow up to push the price up show that buyers are very weak right now.

3 Tranches
SL - 1.15077 (slightly above doji high as its already confirmed swing high)
Entry - 1.13488 a couple pip below BEEB
TP1 - 1.13103 last swing low, below ATR5, SL move to BE
TP2 - 1.11768 next SR
TP3 - Trailing swing high SL or reverse PA

However, I think I should not get in because 1.13 BRN is the SR bring down from BB Hammer low. I am in doubt of this one. Stay out?
  • #8,543
  • Edited Nov 9, 2018 2:38am Nov 8, 2018 7:16pm | Edited Nov 9, 2018 2:38am
Quoting strat
PASR THE PATH {quote} Suranga, you and TampaFX and probably others, are so organised - well done. I couldn't even come close to that as hard as I try. When I had a job, my desk was untidy and always inches deep in, and covered with papers but, I knew where everything was. Once, after succumbing to comments, I decided to clean it up and throw away what was not important and file what was important so that I had a desk with nothing on. This was the worse thing I ever did. I had no clue where I had filed "stuff" and when I needed something, it had...

Strat,

Your reply was the first thing I read (early morning here) today, And thanks for the laugh.I am not really tidy but now I try to learn it.

I think you are exactly the same as the my younger days. may be I am worse than you (in those days). In those days not only my desk is full of things , but the floor is also a mess.I never allowed any body to sweep my room at home. Because I do not know what I will loose. There were important things on the floor also. Only had room to walk to my desk and my bed. Some times even I had to jump over those mess to get to my desk. ha ha funny days.

When I was working, I were little bit tidier but still same as you are. only thing that stop me become messier was my boss. because my Boss was behind my desk. He never even said a word about my desk but still he somehow forced me to clean up. May be I was shy show my desk.

When we get used to this mess our brain gets used to that mess and synchronize with the mess so that mess automatically become in order. So we see ORDER as per the saying " Inside of Chaos there is always Order"

As the time passed I wanted to become tidier and when ever I met some one (who is tidier ) , I study him. Tidying up really works ONLY IF YOU KNOW WHAT YOU ARE DOING. So as trading. If you get used to being tidy then it really helps. peaceful.

You cannot tidy up every thing straight away , ,my view is that you need to do it little by little. So that you will synchronize with it.

May be this book might help (from my book collection) some one who wants to read it more.


Suranga
Attached File(s)
File Type: zip Kondo, Marie - The Life-Changing Magic of Tidying Up.zip   2.0 MB | 758 downloads
Focus, Patience, Discipline, Determination and Perseverance
  • #8,544
  • Nov 8, 2018 8:19pm Nov 8, 2018 8:19pm
Quoting Fxentropy
{quote} Thanks for this book: I'm already halfway through it and I really enjoy it!
It is one of my favorites. Brutally honest book.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #8,545
  • Nov 9, 2018 1:45am Nov 9, 2018 1:45am
Quoting huatzhi
EURUSD BB {image} Immediate trend is down. - Big boys firmly keep the price and closes below the Strat Shadow, finally, last month break out from control candle. Now is testing the hammer's low. - While there are some buyers who might hit the SL on hammer's low on current month, also potentially some TP, but sellers push the price back down. B {image} Immediate trend is down. Last weeks is indecision prompting that price is testing support. W {image} BEEB. Past two test of Strat Shadow show that Seller firmly in control. last BUEB doesn't have a...
Hello, for me.. that is selling inside of a BIG BOSS, BOSS and WORKER Support.

I can imagine that im driving and if i dont stop im going to hit a Triple Wall in front of me...

The question is... Im going to cross the Wall that is weak? or the Wall is going to be more harder to break and going to push back...?

For me is better to wait for see minium Boss can cross the Wall and close bellow of that support.
  • #8,546
  • Nov 9, 2018 2:42am Nov 9, 2018 2:42am
Quoting huatzhi
{quote} Hi Szpons, My worker have slightly different data feed, with the close I get, this is not the pair I want to sell, for now. {image} However, there is GBPUSD this time around. BB {image} Price is in control by the hammer, running side way. 1.27 is an important price level as end of 2016 also constantly testing the same level for a couple months. B {image} Is in up swing, it's in ranging range roof, rejected by Strat Shadow and SR confluences. W {image} Price rejected by SR and went down with BEEB. 3 Tranches SL - 1.31830 A couple pips above...
Hi Szpons, My worker have slightly different data feed, with the close I get, this is not the pair I want to sell
Mine is GMT+1.

this is not the pair I want to sell
Me neither after yesterday close. I'm waiting for the PA to show me that it is ready to be sold.

However, there is GBPUSD this time around
Yes it looks better at the moment than CAD cross.

3 Tranches SL - 1.31830 A couple pips above swing high
I like your plan, mine is roughly the same.

GBPJPY looks like ready to join the party, here is the Worker:
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  • #8,547
  • Nov 9, 2018 2:43am Nov 9, 2018 2:43am
Quoting strat
M5 PASR Trend Trading Bad day trading day. PASR Trend Trading is SIMPLE but not easy. When we think we know the strategy upside down and inside out so well that my deaf, dumb and blind Old man etc., can do it when hanging with one arm etc., we forget we NEED a TREND to trade PASR Trend Trading! Most of the time it works out BUT, there are times, like today when I SCREW UP! EURJPY M5 Trend died on me - got out with bread crumbs {image} EURNZD Gave back my bread crumbs! {image} EURAUD Scraped out at break even {image} EURCAD More bread crumbs {image}...

My yesterday's experience was very similar to yours; I was in the negative territory but not by much (small gains & small losses) then I had these two trades at the end and I called it a day (with profit). The key was the fact I was confident in the system and never got discouraged.

EURCAD M5

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EURUSD M5

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Val
  • #8,548
  • Nov 9, 2018 2:46am Nov 9, 2018 2:46am
Quoting JCMPete
{quote} GBPCAD Hi Szpons My analysis....
Quoting MikuSS
{quote} Hi Szpons, Big Boss: Started 4th m...
Thank you for your feedback!
  • #8,549
  • Nov 9, 2018 3:05am Nov 9, 2018 3:05am
Good morning folks
I just found this thread yesterday and would love learn PASR
Just a quick question, and sorry if it has been asked multiple times before.
I read the PDF file together with the way back machine website, now I'm going to jump into the thread...
Should I read first the old thread or just this new one first?
Thank you in advance
  • #8,550
  • Nov 9, 2018 3:16am Nov 9, 2018 3:16am
Quoting Caifas
Good morning folks I just found this thread yesterday and would love learn PASR Just a quick question, and sorry if it has been asked multiple times before. I read the PDF file together with the way back machine website, now I'm going to jump into the thread... Should I read first the old thread or just this new one first? Thank you in advance
Start with the first 10 pages or so of this one and then go to the old one and start digesting everything at your own pace. Since you mention that you just found this thread I will assume that you are like the rest of us trying to make something out of this "FX thing". So start slow, you have a couple of years ahead of you walking the long path (and then the rest of your years should you choose to continue walking along)
  • #8,551
  • Edited 3:36am Nov 9, 2018 3:23am | Edited 3:36am
Quoting fxmarvel
{quote} My yesterday's experience was very similar to yours; I was in the negative territory but not by much (small gains & small losses) then I had these two trades at the end and I called it a day (with profit). The key was the fact I was confident in the system and never got discouraged. EURCAD M5 {image} EURUSD M5 {image}
Both of them look like you are jumping in too early (for me at least).
I only like EURUSD as a nice trade.
EURCAD maybe one hour after your entry:
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And on EU there is a fantastic retracement after you exit. slow and steady and respecting the shadow. textbook example probably (if you would disregard the news spike)
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and if you are like me and wait 5 minutes for price to calm down abit you get the confirmation of the continuation of the previous trend
  • #8,552
  • Nov 9, 2018 3:31am Nov 9, 2018 3:31am
Quoting bistolis
{quote} Start with the first 10 pages or so of this one and then go to the old one and start digesting everything at your own pace. Since you mention that you just found this thread I will assume that you are like the rest of us trying to make something out of this "FX thing". So start slow, you have a couple of years ahead of you walking the long path (and then the rest of your years should you choose to continue walking along)
Thanks man
This is my 3rd month trading live forex, I really love it.
My first month was really good, good some good trading, surfed on a lot of trends and was like.. wow, that's easy, than... my last month was very crap in the beginning, lost half of what I had won the month before, and after some study I reduced my risk to a 1/3 and in the end of the month I ended with green pips but red money...well at least I found out a risk I'm comfortable with.
But Yes, I'm trying to figure out this thing.
I spent hours every day studying and I really liked the pdf, I hope I can understand PASR soon
  • #8,553
  • Nov 9, 2018 3:42am Nov 9, 2018 3:42am
Quoting Caifas
{quote} Thanks man This is my 3rd month trading live forex, I really love it. My first month was really good, good some good trading, surfed on a lot of trends and was like.. wow, that's easy, than... my last month was very crap in the beginning, lost half of what I had won the month before, and after some study I reduced my risk to a 1/3 and in the end of the month I ended with green pips but red money...well at least I found out a risk I'm comfortable with. But Yes, I'm trying to figure out this thing. I spent hours every day studying and I really...
it will take some time for you to reach the post that I am about to quote a piece of, and I suggest you keep reading this until it makes sense at some point.
So here it goes:

My “damage limitation” (RISK) mode was still fully functional as I exited with a bruised ego rather than many lost $.

I proved to myself once again that being “”consistently profitable”” is all about managing your LOSSES (RISK – CAPITAL PRESERVATION) rather than managing profit.

thanks Strat
  • #8,554
  • Nov 9, 2018 4:24am Nov 9, 2018 4:24am
Quoting bistolis
{quote} Both of them look like you are jumping in too early (for me at least). I only like EURUSD as a nice trade. EURCAD maybe one hour after your entry: {image} And on EU there is a fantastic retracement after you exit. slow and steady and respecting the shadow. textbook example probably (if you would disregard the news spike) {image} and if you are like me and wait 5 minutes for price to calm down abit you get the confirmation of the continuation of the previous trend
Hi Bistolis,

I agree with everything you said, but this is my style, I always like to get in early; I have a patience problem... sometimes this works out in my favor

In normal conditions I would have ridden the EURUSD wave all the way down but it was the end of day for me, accumulating too many hours of screen time so I decided to exit the trades and call it a day, but yeah, that was clearly a trade to keep longer.. I would have been stopped out at 1.13668
Val
  • #8,555
  • Nov 9, 2018 4:24am Nov 9, 2018 4:24am
Quoting bistolis
{quote} it will take some time for you to reach the post that I am about to quote a piece of, and I suggest you keep reading this until it makes sense at some point. So here it goes: My “damage limitation” (RISK) mode was still fully functional as I exited with a bruised ego rather than many lost $. I proved to myself once again that being “”consistently profitable”” is all about managing your LOSSES (RISK – CAPITAL PRESERVATION) rather than managing profit. thanks Strat
I started to understand that last month when I was dip in the hole and was afraid of opening trades and when I reduced my risk to an acceptable level I could trade with a much clear head and ended up recovering my lost pips, the money I lost was a good learning experience. I learned a lot more last month while in the hole than in the month I was doing good, money wise.
  • #8,556
  • Nov 9, 2018 5:03am Nov 9, 2018 5:03am
Quoting Caifas
{quote} Thanks man This is my 3rd month trading live forex, I really love it. My first month was really good, good some good trading, surfed on a lot of trends and was like.. wow, that's easy, than... my last month was very crap in the beginning, lost half of what I had won the month before, and after some study I reduced my risk to a 1/3 and in the end of the month I ended with green pips but red money...well at least I found out a risk I'm comfortable with. But Yes, I'm trying to figure out this thing. I spent hours every day studying and I really...
Hi Caifas,
Welcome to the thread.

As you have little experience, I suggest that you relearn everything from scratch. You need to unlearn the habits you had during last month when you lost money.

You need to learn about risk, money management, as well as dealing with your Little People. In addition, make sure you understand PASR as it is the core of this method.

Lastly, read, learn and understand everything on this thread. Ask if you do not understand anything. And have the discipline to stay on the Path, not to Indicator Land.

All the best, and looking forward to you join our discussions.

Regards,
Miku
  • #8,557
  • Nov 9, 2018 5:09am Nov 9, 2018 5:09am
Quoting Szpons
{quote} Hi Szpons, My worker have slightly different data feed, with the close I get, this is not the pair I want to sell Mine is GMT+1. this is not the pair I want to sell Me neither after yesterday close. I'm waiting for the PA to show me that it is ready to be sold. However, there is GBPUSD this time around Yes it looks better at the moment than CAD cross. 3 Tranches SL - 1.31830 A couple pips above swing high I like your plan, mine is roughly the same. GBPJPY looks like ready to join the party, here is the Worker: {image}
Hi Szpons,

Seems like you got a broker with a Sunday candle. I suggest you change to one which opens on Monday instead of Sunday, as it will screw with your analysis.

Depending on where you are from, someone might be able to advise you on a suitable one.

Regards,
Miku
  • #8,558
  • Nov 9, 2018 6:49am Nov 9, 2018 6:49am
Quoting strat
PASR THE PATH {quote} You have got good feedback from Rub, bistolis, Suran and TampaFX - TRADERS HELPING TRADERS Let's take this one step further. EURAUD H4 This is a Trend ADD ON - not Basic PASR If you wanted to trade this, where would you have entered and added on? AUDUSD H4 Again, this is a Trend ADD ON - not Basic PASR Good to see you posting again after your introduction on August 10, 2018 Make sure you know the difference between Basic PASR, PASR Swing Trading and PASR Trend Trading - they are all PASR but different and, at times, run from...
Hi Strat, thanks for the comment.
I am viewing charts only with Basic PASR and Swing PASR glasses yet. With Swing PASR I tend to get out with H4 PASR on Worker resistance and do not wait until the end of Worker swing. This comes from BASIC PASR mindset, will have to work on it. Trend is a bit trickier. With my current understanding, I define trend as high/low structure on Worker (when trading H4), which corresponds to Boss immediate trend. Sometimes the trend situation is more obvious on Worker as the Worker H/L structure, sometimes on Boss as Boss swing. Strat shadow helps a lot.
When Worker fails to make HHs/LLs, then its only basic and swing trading to worker resistance on H4.

The start of trend on EURAUD H4 is pretty obvious from Worker- strong close below Worker resistance+strat shadow.
Attached Image (click to enlarge)
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Here is my analysis of the situation EURAUD H4.
Attached Image (click to enlarge)
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1-Good PA on minor resistance (not marked), but Worker still in UP swing - pass.
2-Swing trade until Wokrer resistance. SL above 1.
3-Test of SS with good PA, worker in down swing - basic PASR to worker resistance. SL above BEEB.
4-Test of SS with good PA, worker in down swing - basic PASR to worker resistance. SL above doji.
5-Here the trend starts. Would not take with BASIC/SWING glasses on. With trend glasses, its the first trend entry with the retest. SL above the resistance with reserve.
6-Trend addon with strong close below immediate resistance. SL above the resistance with reserve.
7 and 8 - could addon with the BEEB but realistically the lower wick would keep me out because it signifies there is not enough momentum. SL moved above congestion.
9-Trend addon on break and retest of immediate resistance, SL above the resistance with reserve.
Exit all near black line - STRONG resistance on Worker and Boss.

Is my understanding of the BASIC/SWING/TREND type of trading correct? How would you trade it?
Thank you very much, this thread is a godsend. I read all posts and will try to be more active with posting in the future.
Regards,
Zanek
  • #8,559
  • Nov 9, 2018 6:59am Nov 9, 2018 6:59am
Quoting Eurotrader17
{quote} Hi huatzhi, thanks for your reply! I don't think the sore thumbed candle is actually a "sore thumb". It was still on a down trend of worker and within in IB (which a hammer can only be form when it is the lowest candle). Right, I made a mistake using the same icon Strat uses for "sore thumb" trades I should've used an "up arrow" However, I still say my entry could've been earlier where I marked in my chart with a "sore thumb". Not saying it a proper place for opening a full position but it is for sending some scouts as price was held by...
Hi Eurotrader,

After read again, I think you have traded with Trend PASR instead.

Quoting HappyTrend
{quote} Hello, for me.. that is selling inside of a BIG BOSS, BOSS and WORKER Support. I can imagine that im driving and if i dont stop im going to hit a Triple Wall in front of me... The question is... Im going to cross the Wall that is weak? or the Wall is going to be more harder to break and going to push back...? For me is better to wait for see minium Boss can cross the Wall and close bellow of that support.
Hi HappyTrend,

Yes. I choose to stay out for that one. I'll look for boss close. Thanks you.
  • #8,560
  • Nov 9, 2018 7:59am Nov 9, 2018 7:59am
AUDJPY
As I am reading the PASR (both threads) I also practice cause is going better in my head than…. So here is my view on one pair, all comments are appreciated.
Big boss
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Boss
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Worker
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If BEEB happen today than classic PASR is
Entry: few pips below the low of today candle,
stop above previous day candle - on my charts- 83,10
1st target 81.30ish
2 nd target 80,67ish
As I am writing this I have also concerns (the property of those who didn't learn enough like me ooo) about my plan because:
1.this swing up produced HH,
2. today candle will probably close above the 200 ema and
3. will also close above upper TL which hold from June 2018
see bellow
Attached Image (click to enlarge)
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Appreciate your comments
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