DislikedPASR THE PATH {quote} 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...Ignored
Strat's PASR Long Term, Stress Free Trading
- #8,983
- Nov 26, 2018 8:59am Nov 26, 2018 8:59am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #8,984
- Nov 26, 2018 11:49am Nov 26, 2018 11:49am
Strat,
When I entered ATR was 4.
Makes it one of your least favorite to trade and my patience was tested to proved your point.
Exited on the 9:05 bar when it closed above the the 8:05. Indicated a possible direction change.
Target was just below at .72270 not achieved but none the less a successful trade.
Frank
https://www.forexfactory.com/attachm...1&d=1543250225 
When I entered ATR was 4.
Makes it one of your least favorite to trade and my patience was tested to proved your point.
Exited on the 9:05 bar when it closed above the the 8:05. Indicated a possible direction change.
Target was just below at .72270 not achieved but none the less a successful trade.
Frank
https://www.forexfactory.com/attachm...1&d=1543250225
CADCHF
Do you guys consider this as break of WCC PASR or I am just somwhere still in foggy valley…
BB: directionless, in tight trading range from 2015, the range is more and more tight, when this break out, we should watch for opportunities…
B: also in trading range, ema 20 and ema 72 close together. Last week in September rejected from 200 ema after that in range of WCC. Last week boss closed below WCC and this attract my attention, cause this is a signal for trading direction south
W: bellow 20 and 72 ema, also broken lower WCC S line, now pullback to Stratshadow and retesting WCC SR line, but on Friday closed below and produce some kind of shooting star (not the best), I will watch today’s close and if candle close bellow WCC again and make shooting star shape will go short. Also confluence of D1 SR and all 3 EMAs swimming together above last two candles.
SL: 0,7567- above yesterday high
Entry: few pips below yesterday candle low 0,7513
Target 1: 0.745 (ATR(5))
Target 2: 0.738
Target 3: trailing stop above confirmed swing high or reverse PASR
There might be a good entry on H4 also
Strat, I apologise in advance for some language issues, I am not good in expression on English especialy in theme that I am rookie
Regards
Igor
Do you guys consider this as break of WCC PASR or I am just somwhere still in foggy valley…
BB: directionless, in tight trading range from 2015, the range is more and more tight, when this break out, we should watch for opportunities…
B: also in trading range, ema 20 and ema 72 close together. Last week in September rejected from 200 ema after that in range of WCC. Last week boss closed below WCC and this attract my attention, cause this is a signal for trading direction south
W: bellow 20 and 72 ema, also broken lower WCC S line, now pullback to Stratshadow and retesting WCC SR line, but on Friday closed below and produce some kind of shooting star (not the best), I will watch today’s close and if candle close bellow WCC again and make shooting star shape will go short. Also confluence of D1 SR and all 3 EMAs swimming together above last two candles.
SL: 0,7567- above yesterday high
Entry: few pips below yesterday candle low 0,7513
Target 1: 0.745 (ATR(5))
Target 2: 0.738
Target 3: trailing stop above confirmed swing high or reverse PASR
There might be a good entry on H4 also
Strat, I apologise in advance for some language issues, I am not good in expression on English especialy in theme that I am rookie
Regards
Igor
- #8,988
- Nov 26, 2018 6:12pm Nov 26, 2018 6:12pm
Hey Everyone
I was doing the SR exercise on NZDUSD and I have a question for you
How far in the past do you look?
Blackeagle exercise is really nice but back in 2009 the market had a way bigger trend moves so he ended up with not as many SR lines.
He had 9 and I ended up with 15 being frugal... Idk, maybe I just marked too many
While doing this exercise this 2 paper trade popped on me
The first one is a hammer on top of the support zone and the other is a shooting star right on the resistance, its not on top of the trend but to me its saying that the down move will continue.
Thank you
Alex
I was doing the SR exercise on NZDUSD and I have a question for you
How far in the past do you look?
Blackeagle exercise is really nice but back in 2009 the market had a way bigger trend moves so he ended up with not as many SR lines.
He had 9 and I ended up with 15 being frugal... Idk, maybe I just marked too many
While doing this exercise this 2 paper trade popped on me
The first one is a hammer on top of the support zone and the other is a shooting star right on the resistance, its not on top of the trend but to me its saying that the down move will continue.
Thank you
Alex
- #8,989
- Nov 26, 2018 6:23pm Nov 26, 2018 6:23pm
{quote} That trade was a basic PASR trade. From the bottom of the WCC to the top with a 4hr candle, but I moved my stop when my profit equaled my risk only to have price come back, take me out, then move to nearly my target. No loss. Also, remember big boss is a birds eye view, the strat shadow doesn't matter much. You're looking at it thinking where the big boys are likely to take it. Perhaps you're right and you should make a short checklist to help remember what exactly you want to check before trading.
Here is a question. (I thought I had understand it right, however the way you point it out make me doubt my understanding). How to determine a view is ""Birds eye view/Big Picture from 50,000 feet"".
For me I use the explanation provided on #8640, which is looking for sentiments and intentions of big boys. As the word sentiment got me to flip my dictionary a couple times, I'll start with intention.
Intention is shown by elaborative PA. In consolidation, there is no clear intention of big boys. May be there are just not interested on this pair for now.
As for sentiment, we get the price where big boys buyers or sellers might get in, aka SR. We also trying to get where swing high or swing low is formed. What, in big picture, the pair is doing. What I see is Strat Shadow is pressing down the price. It does not mean that it will success in pushing the price break through the support. It is just a behavior that Resistance resist, Support support the price. Since both resistance and support successfully take effect in a very small gap, the consolidation happen. We don't know where the price will go until we look at smaller time frame, hence, directionless - testing support and resistance constantly. When going to the lower TF, I now know where is the price area that stucked in. I think this is the sentiment I get from viewing BB, the feel of market.
Strat, am I understanding "birds eye view" correctly?
Also, Strat Shadow is still acting as SR area, trend indicators(kind of, not really), and tell whatever he want to tell throughout the TF no matter BB or H4 in my opinion. It is just a bigger picture in BB.
CADCHF Do you guys consider this as break of WCC PASR or I am just somwhere still in foggy valley… BB: directionless, in tight trading range from 2015, the range is more and more tight, when this break out, we should watch for opportunities… {image} B: also in trading range, ema 20 and ema 72 close together. Last week in September rejected from 200 ema after that in range of WCC. Last week boss closed below WCC and this attract my attention, cause this is a signal for trading direction south {image} W: bellow 20 and 72 ema, also broken lower WCC...
There are a couple issue with CHF pairs that we aren't trading them. You can do a search within this trade about CHF to understand more, though #6632 do give enough reason to avoid.
Alright, after get that out of the way, here is my opinion (not fact).
B - It is not a "signal". However yes, it does tell us that the price may want to go down. The opening candle high also confluence with Strat Shadow. as it get rejected.
W - Change of polarity of Strat Shadow as well, kind of give these two Shooting Stars a confidence boost.
I would prefer to place my entry stop below both Shooting Star low instead to confirm that the price actually want to go down. This is personal preference though, is alright you do that.
Hey Everyone I was doing the SR exercise on NZDUSD and I have a question for you How far in the past do you look? Blackeagle exercise is really nice but back in 2009 the market had a way bigger trend moves so he ended up with not as many SR lines. He had 9 and I ended up with 15 being frugal... Idk, maybe I just marked too many {image} While doing this exercise this 2 paper trade popped on me The first one is a hammer on top of the support zone and the other is a shooting star right on the resistance, its not on top of the trend but to me its saying...
As far back as possible.
You have to work out your way of drawing SR that suit for you in the end base on how you trade. Just knowing some will be less significant than the others. So I think is ok to have more SR (especially after so long since he made that post)
I would not be able to catch the hammer when in hard right edge I think (due to the Strat Shadow is in the way, that hammer is a doji in my chart anyway so I don't know). That is not a shooting star in your chart by the way. Shooting star need to have some body, and also be on swing high.
Hi Strat,
Thank you so much for availing of your knowledge and time so freely. There is a wealth of wisdom to be learnt from you and everyone here.
I have just started reading your old thread and am trying to get up to speed. Slowly making my way through the first 200 pages of James16's thread and making sure that I understand price action and each post.
Just thought I'll post the following chart to hear what your take is for EUR/GBP with a TBHLC that have happened with a possible TBLHC forming and what your take is on whether this pair is bearish or bullish?
Please correct me if my analysis is inaccurate.
Thank you so much for availing of your knowledge and time so freely. There is a wealth of wisdom to be learnt from you and everyone here.
I have just started reading your old thread and am trying to get up to speed. Slowly making my way through the first 200 pages of James16's thread and making sure that I understand price action and each post.
Just thought I'll post the following chart to hear what your take is for EUR/GBP with a TBHLC that have happened with a possible TBLHC forming and what your take is on whether this pair is bearish or bullish?
Please correct me if my analysis is inaccurate.
- #9,000
- Nov 27, 2018 9:55am Nov 27, 2018 9:55am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!