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Strat's PASR Long Term, Stress Free Trading

  • #8,961
  • Nov 24, 2018 12:15pm Nov 24, 2018 12:15pm
NZDCAD

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...
Take note of the excellent comments from huatzhi
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,962
  • Nov 24, 2018 12:20pm Nov 24, 2018 12:20pm
GBPUSD

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...
Well done, Ben. I could not have said it any better.

Also good comments from huatzhi
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,963
  • Nov 24, 2018 12:38pm Nov 24, 2018 12:38pm
EURNZD M5 PASR Trend Trading

Quoting Suran
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. {image} 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. {image} Enough for the day. back to reading.. Suranga
Top of the class trading, well done Suranga.

Extra tips:

When you see PRICE ""pumping"" like this when the Big Boys can't get their sell orders in fast enough, watch the ""heartbeat"" of the ""pumping"" - when it slows to about half of what it did at the beginning, then consider taking profits.

As soon as the ""pumping"" stops then get out. This is your last chance. Do not expect the ""pumping"" to go on for long. After such an exhaustive move, there is almost always a corrective pull back. In this case, it pulled back 76.4%.

Always know the ADR for M5 of the pair you are trading. This is NOT to take profits when ADR is reached but to provide you with information on volatility and potential.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,964
  • Edited 1:17pm Nov 24, 2018 12:43pm | Edited 1:17pm
EURUSD M5 PASR Trend Trading

Quoting Malu
EUR USD M5 Trend Trading This time strictly followed the rules, so I could get +20 pips from the market. {image} Greetings, Markus
Do you have the DISCIPLINE to ALWAYS do this ""This time strictly followed the rules""?
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,965
  • Nov 24, 2018 12:44pm Nov 24, 2018 12:44pm
When you do what the Teacher tells us, the result is: Enjoyment & Happy Days

Quote
I don't even feel like I’m being 'patient' anymore; I’m not 'waiting' for trades, I’m just taking the right opportunities when they present themselves. No pressure, no stress. I understand for some who are used to trading lower timeframes, it can seem like PASR is never going to show its head on the daily, but it does, and when it does...happy days!
(https://www.forexfactory.com/showthr...62#post2716462)

Thank YOU forever .
There is Light at the End of the Tunnel.
  • #8,966
  • Nov 24, 2018 12:55pm Nov 24, 2018 12:55pm
NZDCAD H1

Quoting Suran
Hi Strat and team, Am I seeing a live example of Depth Gauge and subsequent price action ? Is that Hammer candle (second candle) good place to go long? it happened at S/R zone.. {image} P.S. If it was a periscope I would have jumped in. But depth gauge after all that selling ..bit cautious I am..
My charts are the same as Rufus's and Terry's so check your broker to find out the difference.

Definitely a Depth Gauge. Drop down to M15 or M5 to see the PRICE action in greater detail AND how that candle was formed.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Note the TIME. This was at 8am New York time so this was New York filling OVER NIGHT orders!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,967
  • Nov 24, 2018 1:11pm Nov 24, 2018 1:11pm
USDJPY

Quoting LarryK
USDJPY Here is a trade I am in, I rather liked the weekly chart so I entered as shown on the 4H chart, I am sure that there will be some criticism of this, however it is small risk and still might have potential.{image}{image} I look forward to your comments.
I rather liked the weekly chart so I entered as shown on the 4H chart

Where in PASR strategy does it say to trade H4 from an analysis of the Weekly chart?
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,968
  • Nov 24, 2018 1:16pm Nov 24, 2018 1:16pm
EURCAD

Quoting brian661
{quote} I have the same view as suran's post And I did enter a long position this week. Although it finally is a break even trade, I would like to ask a few questions regarding my trade. As my view on this trade is there is support on Big boss support. {image} So I drag down to the H4 to look for a good entry. And enter at the blue arrow. The trade went up for 100pips (moved my stop lost at break even) and break the next resistance with BUEB. My first question is if...
And yet another who cannot FOLLOW PASR strategy

Where in PASR strategy does it say to trade H4 from an analysis of the Weekly chart?

As my view on this trade is there is support on Big boss support.
So I drag down to the H4 to look for a good entry.

Do NOT expect comments when YOU cannot follow the strategy as laid out on THE PATH
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,969
  • Nov 24, 2018 1:30pm Nov 24, 2018 1:30pm
PASR THE PATH

Quoting paulbartosze
Good Morning, Trying to read through all of two PASR threads and learn as much as possible. I have downloaded the template and a few of the indicators attached to this forum to get my charts to show the Strat Shadow like most people have posted. Is there something that I need to do to the template in order to get the shading correct? Strat your charts are much easier to see with the shading between the candle and the and 2 ema's. So far everything I have tried just doesn't look like what other people posting. Any help is appreciated and awesome...
To all serious students of PASR THE PATH

I may be wrong (I once thought I was wrong but I was only mistaken!), but this stinks of a Lurker/Troll taking short cuts.

In the time that he has been reading through all of two PASR threads, I doubt he would have reached the posts where the Strat Shadow is explained. In any event, he absolutely could NOT have read, learned and UNDERSTOOD.

So, to repeat from Post 1:

I will help all those who are GENUINELY interested in trading for a living but will ignore all those looking for shortcuts or who will not READ and UNDERSTAND and PRACTICE the strategy.

WE are traders helping traders and NOT helping those who do NOT help themselves. Those who are GENUINELY interested will diligently work through the threads without taking short cuts until THEY find what they want.

DO NOT FEED THE LURKERS, TROLLS, NEWBIES, WANNABES AND TIME WASTERS
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,970
  • Nov 24, 2018 3:50pm Nov 24, 2018 3:50pm
Quoting strat
EURUSD M5 PASR Trend Trading {quote} Do you have the DISCIPLINE to ALWAYS do this ""This time strictly followed the rules""?
Thanks Strat. At the moment I would say no (as seen in the past). But I also know that I
have to work on that.
  • #8,971
  • Nov 24, 2018 3:54pm Nov 24, 2018 3:54pm
Quoting strat
PASR THE PATH {quote} Don't force it, Markus. You have your whole trading life in front of you. ""Emotionless" trading does not exist. No matter how experienced we are in trading, we ALL have emotions - we have to train ourselves to handle our emotions. Learn to crawl before you walk then learn to walk before you run. Take your time and it will happen. Force it and you will screw up!
Thanks for the advice Strat. You are right. I should be a bit more patient in taking the trades.
Also not to forget rule no 1: capital prevention.
  • #8,972
  • Nov 25, 2018 9:24am Nov 25, 2018 9:24am
Quoting Malu
{quote} Thanks for the advice Strat. You are right. I should be a bit more patient in taking the trades. Also not to forget rule no 1: capital prevention.
Also not to forget rule no 1: capital prevention.

You mean preservation (language issue)
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,973
  • Nov 25, 2018 9:36am Nov 25, 2018 9:36am
i am in downtrend with nzd/jpy chart. but i not confirm my target levels yet.
Attached Image (click to enlarge)
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  • #8,974
  • Nov 25, 2018 10:00am Nov 25, 2018 10:00am
Quoting eztrading
i am in downtrend with nzd/jpy chart. but i not confirm my target levels yet. {image}
Get this chart out of here, it is blinding me............................
  • #8,975
  • Nov 25, 2018 11:48am Nov 25, 2018 11:48am
Quoting eztrading
i am in downtrend with nzd/jpy chart. but i not confirm my target levels yet. {image}

????

Are u playing with something?
  • #8,976
  • Nov 25, 2018 12:04pm Nov 25, 2018 12:04pm
Quoting strat
{quote} Also not to forget rule no 1: capital prevention. You mean preservation (language issue)
Indeed. I do. Thanks.
  • #8,977
  • Nov 25, 2018 6:40pm Nov 25, 2018 6:40pm
There is really nothing much happening with control candles around most of the pairs. This year really feel like year of consolidation.

Quoting brian661
AUDJPY Monthly : The long term trend is Bearish. And the Price is consolidating for 4 months. Weekly : The price rejected by the strat shadow and closed below my support with a BEEB. Daily : Fromed a double top last week and get back under the 200EMA. Plan : Look for a PA at H4 with 1:2 or 1:3 R:R, targeting 79.000 {image} {image} {image}
Hi Brian,

Here is my analysis of AUDJPY.

BB
Attached Image (click to enlarge)
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As much as long term is bullish, until it actually break out from this area, it is consolidating between two important SR. May be only trading basic PASR between two?

B
Attached Image (click to enlarge)
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Past two weeks are inside the control candle. It also stuck inside Strat Shadow.

=============
Both BB and B is kind of directionless. Trading on W would easily get wipsaw, though you trade on H4. You might want to mark the WCC low down when trading H4?
=============

W
Attached Image (click to enlarge)
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Outside of the initial aggressive PASR setup, it isn't much things around. Yes it is doing LH-LL-LH, it is inside 2 layer of control candle. Big boys aren't really interested in this pair yet to make a big move.
(If I enter on that aggressive PASR setup, I will hit my ATR(5) TP, and exit BE on next two tranch.)

H4
Attached Image (click to enlarge)
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There is no prediction in PASR, only PA and SR. so there isn't much to talk about short or long this pair until next PASR appear.
  • #8,978
  • Nov 26, 2018 1:26am Nov 26, 2018 1:26am
Quoting huatzhi
There is really nothing much happening with control candles around most of the pairs. This year really feel like year of consolidation. {quote} Hi Brian, Here is my analysis of AUDJPY. BB {image} As much as long term is bullish, until it actually break out from this area, it is consolidating between two important SR. May be only trading basic PASR between two? B {image} Past two weeks are inside the control candle. It also stuck inside Strat Shadow. ============= Both BB and B is kind of directionless. Trading on W would easily get wipsaw, though...
Please have a look at my post recently. I moved to break even at 1:1 and got stopped out, but at least I didn't lose money. For the moment, I have nearly everything directionless.

https://www.forexfactory.com/showthr...6#post11718436
  • #8,979
  • Edited 4:31am Nov 26, 2018 3:38am | Edited 4:31am
Quoting strat
EURAUD M5 {quote} Scrumy, Malu and all others facing this situation need to take note. Using Suran's double top chart, which is spot on (good job, Suranga): {image} There is nothing wrong with either the entry or the stop loss. Where it all falls to pieces is after that. Like Suran said, there were no SR levels on the chart. WHY? Had there been, maybe the resistance at "H" would have been seen. The long wick on that high candle at "H" indicates profit taking. Many would not get out there as they are in "trend mode" ""hoping"" for bigger profits....
Strat, thanks for that detailed explanation. So many useful informations included. Amazing how much time you invest in us. Thank you!
Accept the risk!
  • #8,980
  • Nov 26, 2018 4:34am Nov 26, 2018 4:34am
Quoting strat
NZDCAD H1 {quote} My charts are the same as Rufus's and Terry's so check your broker to find out the difference. Definitely a Depth Gauge. Drop down to M15 or M5 to see the PRICE action in greater detail AND how that candle was formed. {image} {image} Note the TIME. This was at 8am New York time so this was New York filling OVER NIGHT orders!

My charts are the same as Rufus's and Terry's so check your broker to find out the difference.

Yes . Strat, I will check with my broker.

Drop down to M15 or M5 to see the PRICE action in greater detail AND how that candle was formed.

Attached are M15 and M5 charts

M15
Attached Image (click to enlarge)
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M5- M5 chart showed clear PASR signal to exit the trade.However ,I wasn't in the trade..
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADmicroM5.png Size: 37 KB



Note the TIME. This was at 8am New York time so this was New York filling OVER NIGHT orders!

Yes ,I should have being aware about the time,clear example of filling overnight orders

Many thanks

Suranga
Focus, Patience, Discipline, Determination and Perseverance
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