Strat's PASR Long Term, Stress Free Trading | Page 447 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MY PASR journey Based on Strat's PASR Trading 76 replies

M5 PASR Trend Trading Strat 95 replies

My PASR Trend Trading Journals 3 replies

A young trader's road to profitability - PASR trading - Live 11 replies

Fibs trading and PASR 0 replies

Attachments: Strat's PASR Long Term, Stress Free Trading
Exit Attachments

Strat's PASR Long Term, Stress Free Trading

  • #8,921
  • Nov 22, 2018 11:11am Nov 22, 2018 11:11am
Quoting strat
EURAUD M5 PASR Trend Trading {quote} ""HOPE"" had NOTHING to do with it - you did not follow my rules for M5 PASR Trend Trading! You got to Step 4 and tried to Walk On Water!
You are right regarding step 4. Have to work on that.
I try to trade with no emotions, like hanging ....
But that doesn’t work yet.
Greetings, Markus
  • #8,922
  • Nov 22, 2018 11:35am Nov 22, 2018 11:35am
Quoting Malu
{quote} You are right regarding step 4. Have to work on that. I try to trade with no emotions, like hanging .... But that doesn’t work yet. Greetings, Markus
Same for me. The hard part IS psychology. We are the weakest when we are INSIDE the trade and little people start talking to you.

"If a trader is in a trade and hears both bullish and bearish news - he gives those news more weight depending on the side he is on - bullish news more weight when he bought, bearish news more weight when he sold".
And when we are not in that trade, we literally don't care .
Accept the risk!
  • #8,923
  • Nov 22, 2018 12:09pm Nov 22, 2018 12:09pm
Quoting strat
Trend Lines {quote} The comments from Malu below your Post are correct - TRADER HELPING TRADERS Those early on THE PATH should draw trend lines until they have progressed on THE PATH to be able to SEE the Strat Shadow acting as trend lines. Trend Lines are important so go ahead and use them.
Thanks for the answers Strat! I will read your answer on my NZDJPY pair more times...
  • #8,924
  • Nov 22, 2018 1:59pm Nov 22, 2018 1:59pm
AUDCAD

BOSS, 26hours left for the close of BOSS Candle.

Attached Image (click to enlarge)
Click to Enlarge Name: audcad boss.png Size: 49 KB


WORKER

Attached Image (click to enlarge)
Click to Enlarge Name: audcad worker.png Size: 68 KB


H4

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD H4.png Size: 68 KB
  • #8,925
  • Nov 22, 2018 2:42pm Nov 22, 2018 2:42pm
Hello, first class (primary school) here
Just to be sure I am on right way, pls coment my below understanding of WCC
Attached Image (click to enlarge)
Click to Enlarge Name: WCC_understanding.png Size: 46 KB

Regards
igor
  • #8,926
  • Nov 22, 2018 2:45pm Nov 22, 2018 2:45pm
Quoting Francl
Hello, first class (primary school) here Just to be sure I am on right way, pls coment my below understanding of WCC {image} Regards igor
actualy this should be correct
Attached Image (click to enlarge)
Click to Enlarge Name: WCC_understanding_001.png Size: 47 KB
  • #8,927
  • Nov 22, 2018 2:49pm Nov 22, 2018 2:49pm
Quoting Francl
{quote} actualy this should be correct {image}
Correct. You are on the right way...
  • #8,928
  • Nov 22, 2018 4:12pm Nov 22, 2018 4:12pm
NZD/CAD
This is an interesting worker daily chart with a shooting star and a large gap on the left . Unfortunately the BB and B are heavily ranging and could not establish a decent S/R level. Also Boss has formed consecutive LH and LL the last year. Swing PASR is very tempting to enter short but not all the requirements are met, so no trade for me here.
I would also to comment that the 2 screenshots i am posting here are 3 min later form each other and local time was 11:55 as the day is ending the spread is getting enormous and forbids any thoughts for trading. Is this normal or is it just happening only with my broker?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DAILY.GIF Size: 60 KB
Click to Enlarge Name: weekly.GIF Size: 67 KB
  • #8,929
  • Nov 22, 2018 6:22pm Nov 22, 2018 6:22pm
Quoting strat
PASR THE PATH {quote} Is this offer open to me also? If yes, then I will try to help (and may b others might also help I believe) Yes and anyone else. I will give him access BUT if his posts get out of control he will be gone again!

Thanks a lot Strat, I hope he would do better this time (with out blowing it up).



@Ali.j
Quoting Ali.J
{quote} Hello Strat Can you give your comment plz? {quote}
Remember the Strats promise (while granting the access). Empty your Trading brain and start with clean sheet. first learn everything Strat has to teach.DONOT TRY TO TEACH THE TEACHER. master it ..become expert with it.then do what ever you want. Wish you would do better.


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #8,930
  • Nov 22, 2018 7:35pm Nov 22, 2018 7:35pm
Quoting Rub
{quote} huatzhi, look left about the 1.5650 level on your worker chart. It also seems apparent to me on the boss chart. I think you're trading straight into support.
Hi Rub,

I already ""withdraw"" my stop order as the order have not been triggered yet. I was trying to get the next leg down if there is any as a strong fast trend car often take a couple wobble candle to drift and change his direction.


Quoting macuba
NZD/CAD This is an interesting worker daily chart with a shooting star and a large gap on the left . Unfortunately the BB and B are heavily ranging and could not establish a decent S/R level. Also Boss has formed consecutive LH and LL the last year. Swing PASR is very tempting to enter short but not all the requirements are met, so no trade for me here. I would also to comment that the 2 screenshots i am posting here are 3 min later form each other and local time was 11:55 as the day is ending the spread is getting enormous and forbids any thoughts...
Every broker I know does that as there often having less liquidity on market when time around US market close. It get even higher when it is around the market just start on Monday Asian opening or just end on Friday US close.

Regarding to NZDCAD,

Monthly BB show some degree of resistance on the price level, B show a shooting starish opening candle on a resistance (supported by 200ema) LH-LL structure. A shooting star, a BEEB confirmation on an SR. It is also confluence with fibs.
Attached Image
Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 32 KB
Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 49 KB
Attached Image


It is definite a PASR setup, just not a stress free trade. You could drop down to H4, looking for entry to make it one if there is any that coming.

Here is my chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot7.png Size: 78 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot8.png Size: 98 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot9.png Size: 91 KB

The issue with the W right now is, it is still inside an IB, meaning current price is still directionless. It need to close below the IB to confirm the BEEB.
  • #8,931
  • Nov 22, 2018 7:42pm Nov 22, 2018 7:42pm
Quote
""There isn’t anything that you can’t face as long as you accept it, embrace it, and work with a group of experienced friends who care about your success.""
(#1383)


I'm very impressed by this man! , I did not see in my whole life with the same person undertakes all that Period of time and how this man treats his Family and he making the most precious thing in life (time) for them, without any charge, and without any boredom. Just because he is a generous noble man.

At first I did not know what is trading , because of the incorrect sources that led me to it. After several failed experiments. Lost confidence in all systems, and in all the people who say they know what the market will do!

"Those how talk don’t KNOW , Those how KNOW don’t talk !"

I thought Strat was one of those speakers! (Which idiot I was!) So I have posting several posts of a negative mentality , reflecting the nature of my faith in trading (at that time).Because of that , Strat Ignoring me . (this was not important to me)
After a while (almost I was at the same as the previous mentality) I asked a friend of mine Suran to tell Strat to bring me back to the group!
But he refused.( Here is where I got the miracle)
I swear, if you know how much that rejection was useful to me, you would like it for yourselves !
it was a shock and very influential to me, and I felt angry, frustrated, betrayed and desperate at that time.! I thought that I would not fix for this profession. Really it was hard and difficult moments ,continued for several days.
But my desire and ambition and my believe by "There is Light at the End of the Tunnel" was greater than those feelings, which led me to the way back to The Path again, and read the page 352 hundreds of times, to find out what is wrong.
The funny thing is, that Strat told me from the beginning by my mistake
Quote
"The Problem is YOU, Not the strategy"
But my ego did not make me see what was in front of me from the beginning, and it cost me a lots .
After I was able to see, I succeeded in extracting positive points on that page, and that helped me a lot in order to know myself more!
(Thank you Strat for you Ignore , because you have always wanted to maintain your family from the disease, and I was as a disease at that time.( and I'm ready to do anything to be a part of your family in the future)

After several days of meditation and reflection on my personality (with the help of page 352 and TITZ) I was able to put my hand on the spot (ME).
Now I am ready to start my learning, but this time in the right way. I threw everything I knew and learned and previously believed about trading , in the trash. I was start from the #post1.

Strangely, when I was very focused on the rules of TITZ in my learning, Strat was explained these rules in detail with the examples, in a simplified way more clearly and easily in the application ( you need to think to see what is behind the words) https://www.forexfactory.com/showthread.php?p=2599382 - post2599382

Quote
GUYS AND GALS OF STRAT THREAD LISTERN UP.He has just given you the grail.....
CLOSE YOUR GOD DA8N CHART<CAUSE MOST OF YOU HAVENT GOT A CLUE ANYWAY AND READ THE GENIUS AND HIS POSTS>>>>>>>
READ THEM LEARN THEM........

I KNEEL BEFORE THE O LORD OF THE ROCK AND ROLL


Then I knew that this path does not need any book or any other person or anything else, because it is scientific, simply practical and integrated.and, most importantly ,educational

I precise read every post. I did not go to the next post until I was sure to understand and answering the question: (what, Why, How, Where, When )what Strat would convey to us .
And after some posts (almost two pages). I pull out the charts in front of me and I apply these observations by studying those old charts , and by using the F12 technique.

Thank you Srat:
Because of you , I am now happy in my life, because I taste the constant success (I do not talk about money, they no longer take my interest in anything), my continued success in learning every day something new about myself and about the market, about mechanisms and ways to dealing with my mistakes. As for money, I am quite sure, that after 3 - 5 years like this , it will come without a doubt

https://www.forexfactory.com/showthread.php?p=2672094 - post2672094


As for the PASR
It is in short:
Quote
Do NOT try to guess the outcome or direction. Instead, let price action show us the way.Patience and Discipline IS the key
. (#1475)
I did not know it was such simplicity!
I am now in The first stage of the PASR: Anatomy of Candles
I went to J16 as Strat recommended it, to learn the basics of patterns, but ( I ) did not take advantage of that. I learned the basic of candles patterns here in the path. (As I said earlier, the path does not need anything else, because it's Integrated, but ( I ) who need to re-read the path again and again)
Now I'm close to finishing the basics of Shooting Stars & Hammers,I know I am close , because when I study the old charts , I can distinguish them well, and almost in my live trading (I have greatly benefited from Strat's advice to learn each pattern separately and apply it and practice it to collect reassurance and confidence).The next stage is Engulfing Bars and IBs.

My way of trading now: (My overall goal is to understand every tik in the PASR)
I take a snapshot of the chart when entering and exiting, and I write down everything in my notes.
Drawing support and resistance lines (not my full focus now, I'm just setting important levels of monthly and weekly) depending on their basic definition. And their basic drawing method

https://www.forexfactory.com/showthread.php?p=2642902 - post2642902

Time: Only after Newark closes

  1. Is the pair in a trend? Or consolidation ?
  2. If in the case of trending : price location relative to the overall trend
  3. Price location relative to the immediate trend
  4. Price location of Strat Shadow (EMAs 20 & 72)
  5. Strat Shadow angle
  6. Strat Shadow space

SL : Above/Under swings
Entering : Only in retracement with SS or Hammer at S/R .My entry depends on the momentum (Above the setup bar)
If I enter into a counter-trend trade : (Rarely)
I reduce my position size of the trade. and I monitor the market on a smaller time frame so I can use Small Swings to move the SL over it ASAP.
profit taking: (I'm still working on this point) is at the nearest S / R
But I am not sure of this plan yet.Which I do frankly : When the market closes the next day, I see if the price is closed by a candle indicating that there are other people who want to bet in the same direction I bet on it? or not ? I do this by measuring the upper tail (in the case of the bullish trend) and compare it with the nearest candles and also take a note from the candles at the same price in previous periods. If it is relatively small, either move the SL to the entry point, or keep it in it place to breath (under Swing Low)
If the tail of the candle is big relative to the rest of the candles, I either get out at the market (that's what I'm trying to stop) or move the SL down under the bottom tail of the candle.

I am now making clear progress because of what YOU have presented to us

Thank you Strat because you're the reason for everything
Thank you Strat for being the reason I met Suran and the rest of the family.
Thank you Suran , for your help
Suran : I promise you that I will be what He wants from us to be.

Regards
A.J

There is Light at the End of the Tunnel.
  • #8,932
  • Nov 22, 2018 8:09pm Nov 22, 2018 8:09pm
Quoting Ali.J
{quote} (#1383) I'm very impressed by this man! , I did not see in my whole life with the same person undertakes all that Period of time and how this man treats his Family and he making the most precious thing in life (time) for them, without any charge, and without any boredom......


Good luck..Enjoy(THE PATH, and the team)



Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #8,933
  • Nov 22, 2018 10:38pm Nov 22, 2018 10:38pm
Quoting Ali.J
{quote} (#1383) I'm very impressed by this man! , I did not see in my whole life with the same person undertakes all that Period of time and how this man treats his Family and he making the most precious thing in life (time) for them, without any charge, and without any boredom. Just because he is a generous noble man. At first I did not know what is trading , because of the incorrect sources that led me to it. After several failed experiments. Lost confidence in all systems, and in all the people who say they know what the market will do! "Those...
The next stage is Engulfing Bars and IBs.
Not so much for IB. #3118
If not mistaken, Strat also said that he did not trade IB alone anymore, but use to confirm other PA. I could not find the post for now though.

Maybe you mean OB? That is more important compare to IB.
  • #8,934
  • Nov 23, 2018 1:48am Nov 23, 2018 1:48am
From now on, I'm giving myself time to learn your method.
Here is my first try.

BB
This month BB Bar candle haven't break the previous Lower High and Lower Low yet.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 72 KB


B
This week B Bar (still running) seems powerless, current B candle's high breaks the body of previous B candle, but it haven't break the previous high and low of previous B candle yet.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 58 KB


W
Yesterday W bar, quite interesting for me.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 79 KB


H4
Small movement because London Session hasn't opened yet.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 66 KB


Yesterday GBPUSD hits hard by the news.
I would take that as a consideration, waiting for the news out.

Pardon my chart that has many lines. I was quite exciting to draw.
  • #8,935
  • Nov 23, 2018 2:03am Nov 23, 2018 2:03am
Quoting celguek
From now on, I'm giving myself time to learn your method. Here is my first try. BB This month BB Bar candle haven't break the previous Lower High and Lower Low yet. {image} B This week B Bar (still running) seems powerless, current B candle's high breaks the body of previous B candle, but it haven't break the previous high and low of previous B candle yet. {image} W Yesterday W bar, quite interesting for me. {image} H4 Small movement because London Session hasn't opened yet. {image} Yesterday GBPUSD hits hard by the news. I would take that as a...
The pound is in a bit of a awkward spot right now with brexit negotiations. I'm staying out it for the most part. However:

Big boss has been ranging over the last four months, between 1.2600 and 1.3200 areas. Very definitely indecisive.

Boss is in a weekly control candle from four weeks ago, with price testing 1.2770 support area. Hasn't been able to break higher than 1.3200 either.

Worker showed a big push higher, but closed below 1.2900. There might be a higher low, but price is still below the strat shadow.

4hr shows the large up move better. I would be waiting to see if I could get a better entry if I was trading this at all.

Final point is you don't need so many support and resistance lines on your chart, just have one or two above and below where price is now. It's fine to practice spotting the areas, but you don't need that many for trading. See my chart with three zones marked on the boss chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 49 KB
  • #8,936
  • Nov 23, 2018 2:08am Nov 23, 2018 2:08am
Quoting celguek
From now on, I'm giving myself time to learn your method. Here is my first try. BB This month BB Bar candle haven't break the previous Lower High and Lower Low yet. {image} B This week B Bar (still running) seems powerless, current B candle's high breaks the body of previous B candle, but it haven't break the previous high and low of previous B candle yet. {image} W Yesterday W bar, quite interesting for me. {image} H4 Small movement because London Session hasn't opened yet. {image} Yesterday GBPUSD hits hard by the news. I would take that as a...
Personal opinion, GBPUSD at higher TF is at a mess right now. Both BB and B are doing their control candle things. For lower TF probably big boys are having their holidays, might want to avoid trading intraday on holiday due to low volatility.

May be you might want to spend some time practice SR drawing?
  • #8,937
  • Edited 4:08am Nov 23, 2018 2:52am | Edited 4:08am
Hi all,

EURNZD

I was in this trade today.

H1- I saw this two doji type Shooting stars at swing high and at S/R level.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDmicroH1.png Size: 32 KB


M5- I was managing the trade in M5

That massive candle at London open gave me goose bumps. So took what ever available(60+ pips) at the time.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDmicroM5.png Size: 39 KB


Enough for the day. back to reading..

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #8,938
  • Nov 23, 2018 4:49am Nov 23, 2018 4:49am
Quoting Rub
{quote} The pound is in a bit of a awkward spot right now with brexit negotiations. I'm staying out it for the most part. However: Big boss has been ranging over the last four months, between 1.2600 and 1.3200 areas. Very definitely indecisive. Boss is in a weekly control candle from four weeks ago, with price testing 1.2770 support area. Hasn't been able to break higher than 1.3200 either. Worker showed a big push higher, but closed below 1.2900. There might be a higher low, but price is still below the strat shadow. 4hr shows the large up move...
It just hit my yellow support line.
Noted.
Thank you for your words.


Quoting huatzhi
{quote} Personal opinion, GBPUSD at higher TF is at a mess right now. Both BB and B are doing their control candle things. For lower TF probably big boys are having their holidays, might want to avoid trading intraday on holiday due to low volatility. May be you might want to spend some time practice SR drawing?
Thank you, just printed out the post.
Yes, I'm new to this, learning forex on and off since 4 - 5 months, and feel kinda lost when I should follow the rule that set by the indicator.
I can read byte by byte whats going on now.
How long do you usually hold your trade?
How do you usually do when market is on holiday like today and christmas holiday?
  • #8,939
  • Nov 23, 2018 4:57am Nov 23, 2018 4:57am
Quoting celguek
Pardon my chart that has many lines. I was quite exciting to draw.
I also think that you have too many lines on your chart. I understand that at the beginning it is not easy to draw S/R and too many lines could confuse you.
Maybe it helps just to draw the next support-line (that is below the price) and the next resistance-line (above the price). For each timeframe, of course.
  • #8,940
  • Edited 9:20am Nov 23, 2018 5:36am | Edited 9:20am
EUR USD M5 Trend Trading

This time strictly followed the rules, so I could get +20 pips from the market.

Attached Image (click to enlarge)
Click to Enlarge Name: EUR USD M5.JPG Size: 149 KB


Greetings, Markus
29 traders viewing now