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Strat's PASR Long Term, Stress Free Trading

  • #8,761
  • Nov 15, 2018 10:46pm Nov 15, 2018 10:46pm
[quote=huatzhi;11700172]{quote} Hi Radhe2209, Rub had posted it on #8720. {quote} I will not post any commentary until such time I have earned my colors I had the same thoughts. However, I kind of feel obligated to post here in order to help myself. So I end up instead of actually ""commenting"" others post, I just post what I see if I want to take the same analysis/trade, just provider another point of view. Some of the ''comment'' I posted, I actually have no confidence at all whether it is right or wrong. If I feel bad, I'll just mention that I am still learning and wouldn't sure if I am actually right. (Just look at how many of my comments had screwed up past few days) Comment doesn't means it have to "correct the others", even when agree-ing with people, you might see what I did not, pointing that out might actually helping me. {quote} Ignoring the candle close issue, base on your chart, for practice purpose,

Hi Huatzhi, thank you for your insights...

Regards
Pete
  • #8,762
  • Edited Nov 16, 2018 1:43am Nov 15, 2018 11:09pm | Edited Nov 16, 2018 1:43am
Quoting Francl
{quote}{quote} Hi Miku like your instructions on charts with big letters and red colour! How many times have I broken {image}this....and it's hurt

Ha ha...surprise..when I saw Mikus's chart this was the same thing I thought. I thought to put it on my chart's as well. For some reason I didn't post my thoughts here..

So thanks Miku.


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #8,763
  • Nov 16, 2018 9:32am Nov 16, 2018 9:32am
PASR THE PATH

Quoting Francl
{quote}{quote} Thanks Strat, appreciate your comments, "There is a candle pattern on the Worker and all time frames below it. Do you SEE it and know what it means?" pls tell me if I understand correct the PASR because this is very important to me: in below picture I marked a signal
Quote
Any comments on post 8.740?: "Marked candle is bulish engulfing candle (also outside bar) and taken out previous high and also closed above previous high (candle 2) what confirmed swing low?, or should it close above the high of candle 1 also?" cause I found Strats
...
Answered by huatzhi - TRADER HELPING TRADERS

PASR strategy is based on CLOSED candles only.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,764
  • Nov 16, 2018 10:16am Nov 16, 2018 10:16am
PASR THE PATH

Quoting Macedonia
I promise this is it till i catch up by reading the whole thread (i don't want to clutter this thread any longer) but i must reply to your question and for the life of me i can't workout how to do it in a pm to you. {quote} Those days are gone for me. Indicators "They look so colourful and fancy..... I haven't seen one that gives even the remotest indication of what to expect on the next bar." never been a much truer sentence on FF. Re Dr Joe "His first action was to throw out all his indicators, forecasts and technical analysis. He told me that...
i must reply to your question and for the life of me i can't workout how to do it in a pm to you.

I don't accept PMs. I learned the hard way on my "old" original thread from very bad experiences.

Those days are gone for me. Indicators "They look so colourful and fancy..... I haven't seen one that gives even the remotest indication of what to expect on the next bar." never been a much truer sentence on FF.

PASR is Trading naked and its so liberating..... adding just MA's as S/R is like only wearing underwear to keep some modesty

Those days are gone for me.

Really??????????????? Then why do you have an indicator drawing the daily pivot, resistances and supports?

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PASR teaches students to IDENTIFY support and resistance from PRICE ACTION for themselves and NOT from an indicator making constant calculations.

""If"" and when you learn PASR, you will be able to identify support and resistance for yourself that NO INDICATOR, EA or BLACK MAGIC can!!

On my "old" original thread I found several students "hiding behind indicators" - they were using indicators as a ""crutch"" as they could not let them go (trade without them). Needless to say, they never really UNDERSTOOD PASR and, as a result, never made it to the "Consistently Profitable" club.

Also, where, in either thread, does PASR instruct you to use 4 moving averages?

adding just MA's as S/R

This just shows how little you understand about PASR

The rest of your story is very compelling especially with regard to trying to save your son from entering Trading Hell. Are you sure you have these qualities to do that:

DISCIPLINE - FOCUS - DETERMINATION - PERSEVERANCE - PATIENCE

Without these, it will be the blind leading the blind.

If you ""really"" have these qualities, then start from Post 1 on my "old" original 2009 thread and read, learn and UNDERSTAND each topic in the logical sequence in which it is laid out. Then practice what you have understood by posting on here and by asking questions as you move along. Do not worry about asking questions that have already been asked as these will serve as a refresher for everyone.

Finally, start with a CLEAN SHEET - forget all that crap and junk you messed with from June 10, 2008 to August 06, 2013.

Let's see how long you last
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,765
  • Nov 16, 2018 10:45am Nov 16, 2018 10:45am
Quoting huatzhi
{quote} Hi Strat, I have a question about trading journal though, the one shown on screen shot seems very casual, its not something write before actually making a trade. Did they write what they think about every pairs every day? Or is there certain format that they need to follow? (I think I read it somewhere saying that members from old sites follow a strict format or something)
I created ""Trading Journals"" in my expired private website for each student to write in there everything and anything to do with their trading. Some used it just as a record for their trades while others used it to record their thoughts (Little People), ideas, pairs they were following, before and after analysis of trades etc.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,766
  • Nov 16, 2018 11:02am Nov 16, 2018 11:02am
Quoting BeyondTheSea
Hi Eurotrader17 I'm not on my usual PC and was going to look for some old trades to post for you, however look at the old post again and notice the straddle in the direction of the dominant trend plus the other confluences there confirming momentum and probability. Eurotrader keep looking for these on your charts, I think I posted something awhile back with a structure very much like the one you have spotted. Be careful because at the end of a long trend it could be a corrective wave. Hopefully it's finding a bottom and turning around and we need to wait for confirmation.. This a chart I found on this old laptop and the structures I study: {image} See the straddle, the PASR test, the move up, the retest, the move up AND THEN retest as price returns 2 months later. PS looks like this one has just nodded it's head.. Gotta love PASR
Thanks a lot for your reply, BTS!
look at the old post again and notice the straddle in the direction of the dominant trend plus the other confluences there confirming momentum and probability
Yes, the example from the post I mentioned would've been a good trade beforehand but it didn't work out very well since it marked a doji-shooting star after the straddle and price went up. However had we got into that one we would've exited with a small profit.
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Eurotrader keep looking for these on your charts
Already doing it since sometime ago

See the straddle, the PASR test, the move up, the retest, the move up AND THEN retest as price returns 2 months later.
That's perfect PASR!

Gotta love PASR
So am I I wish I could get more time to get involved in this thread and for practicising PASR as I'm sure PASR and ourselves are the key to succeed in this business.
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #8,767
  • Nov 16, 2018 11:21am Nov 16, 2018 11:21am
Quoting huatzhi
{quote} Hi Eurotrader, Here is another confirm for you I think. {image} And here is a peek of what happen at that moment of time. (Though I couldn't show you with MT4 as it don't let me go back to that point of time) {image} Both old and new thread does not really solely use this as entry. #2929 swiftman use it for confluence with BUEB. I only understand it as a candle crossing Strat Shadow that confirm the strong momentum. There is probably more to it though. I am probably not there to understand it yet, so I don't really asking question about...
Hi huatzhi,
Thanks for replying!
Here is another confirm for you I think
Perfect example I already had it saved it on my PC
There is a better one on April of that year.
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I think that another use of it is when StatShadow is flattened and we see a huge candle like that, is a a sign of a strong momentum as you have pointed out but I wouldn't get in at the beggining but I would wait for the first retest.
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #8,768
  • Nov 16, 2018 11:48am Nov 16, 2018 11:48am
M1 boot camp late this morning.

Picked up 62 pips and TP hit (BRN 1.7500) while I was eating lunch.

Good training on the power of the Strat Shadow..........

Have a good weekend
Regards
Terry
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  • #8,769
  • Nov 16, 2018 12:21pm Nov 16, 2018 12:21pm
PASR THE PATH

Quoting Eurotrader17
{quote} Thanks a lot for your reply, BTS! look at the old post again and notice the straddle in the direction of the dominant trend plus the other confluences there confirming momentum and probability Yes, the example from the post I mentioned would've been a good trade beforehand but it didn't work out very well since it marked a doji-shooting star after the straddle and price went up. However had we got into that one we would've exited with a small profit. {image} Eurotrader keep looking for these on your charts Already doing it since sometime...
I wish I could get more time to get involved in this thread and for practicising PASR as I'm sure PASR and ourselves are the key to succeed in this business.

MAKE THE TIME!

Is someone/something else controlling your TIME? If so, THEY are in charge of your destiny.

MAKE THE TIME AND MAKE IT HAPPEN
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,770
  • Nov 16, 2018 12:28pm Nov 16, 2018 12:28pm
PASR THE PATH

Quoting Eurotrader17
{quote} Hi huatzhi, Thanks for replying! Here is another confirm for you I think Perfect example I already had it saved it on my PC There is a better one on April of that year. {image} I think that another use of it is when StatShadow is flattened and we see a huge candle like that, is a a sign of a strong momentum as you have pointed out but I wouldn't get in at the beggining but I would wait for the first retest.
I think that another use of it is when StatShadow is flattened and we see a huge candle like that, is a a sign of a strong momentum as you have pointed out but I wouldn't get in at the beggining but I would wait for the first retest.

Did it really take you 11 months on THE PATH to SEE this? It is already in my "old" original 2009 thread. Anyway, the light bulb finally shone so good for you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,771
  • Nov 16, 2018 12:58pm Nov 16, 2018 12:58pm
4 hours Left for Market Close.

Taking a look of

USDMXN for shorts.
USDCHF for Shorts
USDJPY for Shorts

(Obviously i repeat again, 4 hours left for Market Close.... This can change in 4 hours very easy, is the reason that always wait for candle close.)

AUDCAD Still long Open.
AUDUSD Still long Open.



Well, Again, thank you strat for this knowledge that u found and share to us... "If" only i understand this since the begining hehe but well...

One Year One Month since i join in here and only in here.

From Tick Charts to This Long Term Trading.

*****

My personal opinion to share:

I know understand why we need to know how to trade BASIC PASR, Trend PASR and Swing PASR.... All of them are unique and one complete system at the same time with excellent Risk n Reward... Doing the different analysis High TimeFrame, you apply the three of them and the deal is the famous quote that says "Cut the losses and keep running the profitable trades"... But if u dont have the plan... u cut ur losses and your profitable trades, if u dont have a solid plan.. the profitable trades is going to end in a breakeven or stoploss....

Now doing All 3 PASR ways to trade, You know where is a good zone to take profit... where is a good zone to add, where is a good zone to trade the pullbacks of Boss in a lower timeframe, etc.. etc...

When im trading and i have open a position and running in profits, and making add ons... In my mind always are the image that Strat share to us about the power of timeframes... If i see the price is turning.. i better close my positions, or start closing partial positions (now the money management, trade management... depends about the psychology of each trader..) But i like to have a very very small drawdown... and im focus not in money... im focus to my do a good trades and thats all.. If u are doing well.. the money comes later.

Every Profitable Trade, is a Happy and Peaceful Trade. (When u are relax, happy and doing well..)

Every Losser Trade... Is just a Leason, Experience that u Gain. (U dont need the bad emotions kills you... Treat the loser trade as a experience.. because that is it.)

****


If i say something wrong in here Strat, please let me know and i edit/delete the post.

And Again, Thank You Strat.
  • #8,772
  • Nov 16, 2018 1:05pm Nov 16, 2018 1:05pm
AUDUSD

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,773
  • Nov 16, 2018 1:08pm Nov 16, 2018 1:08pm
Quoting strat
PASR THE PATH {quote} I wish I could get more time to get involved in this thread and for practicising PASR as I'm sure PASR and ourselves are the key to succeed in this business. MAKE THE TIME! Is someone/something else controlling your TIME? If so, THEY are in charge of your destiny. MAKE THE TIME AND MAKE IT HAPPEN
I was gonna give you excuses but I won't since nobody cares but myself. I'll just say again I'm convinced PASR and ourselves are the "holy grail".
Working to make it happen, Strat! Thanks for your words!

Quoting strat
PASR THE PATH {quote} I think that another use of it is when StatShadow is flattened and we see a huge candle like that, is a a sign of a strong momentum as you have pointed out but I wouldn't get in at the beginning but I would wait for the first retest. Did it really take you 11 months on THE PATH to SEE this? It is already in my "old" original 2009 thread. Anyway, the light bulb finally shone so good for you.
Nope, I already realised it long time ago see my post on Feb 18 (post 2346)as an example of when I was studying charts where price was moving in a narrow range and the subsequent reaction.
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #8,774
  • Nov 16, 2018 1:09pm Nov 16, 2018 1:09pm
EURNZD

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,775
  • Nov 16, 2018 1:11pm Nov 16, 2018 1:11pm
GBPAUD

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,776
  • Nov 16, 2018 1:13pm Nov 16, 2018 1:13pm
GBPCAD

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,777
  • Nov 16, 2018 1:15pm Nov 16, 2018 1:15pm
GBPJPY

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,778
  • Nov 16, 2018 1:16pm Nov 16, 2018 1:16pm
Quoting strat
AUDUSD {image}

I have the same!
  • #8,779
  • Nov 16, 2018 1:17pm Nov 16, 2018 1:17pm
GBPNZD

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,780
  • Nov 16, 2018 1:19pm Nov 16, 2018 1:19pm
GBPUSD

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15 YEARS OF PASR ON FOREX FACTORY!
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