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Strat's PASR Long Term, Stress Free Trading

  • #9,141
  • Dec 5, 2018 9:37am Dec 5, 2018 9:37am
PASR THE PATH

Quoting Malu
{quote} Thanks, Strat. No paper trades, it is hard earned, real money I trade with. Still not the big size, but I figured out that (for me) it is important to feel and get used to the little demons and gremlins (psychological aspect of trading). I am still making mistakes, but I am getting confidence in PASR and me! Greetings, Markus.
I am still making mistakes, but I am getting confidence in PASR and me!

Show the losers and mistakes, Markus, so that you and others can learn from them
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,142
  • Dec 5, 2018 10:54am Dec 5, 2018 10:54am
PASR THE PATH

Quoting MikuSS
Hi all, Been 3 weeks or so since I last came here. Had to settle some urgent issues and had no time to visit this thread on a regular basis. Now that that is finally over, I hope I can join you all again. After my last XAUUSD trade that ended in a disaster, I went through a lot of back testing and decided to learn Trend PASR well. I found out a few things: 1) TREND: Wait for trend to establish (Duh!). I prefer to think in terms of Swing High/Low. Make sure that you identify the correct Swing, because there can be false signals. Also, Big Boss and...
Good to see you back, Miku

I went through a lot of back testing and decided to learn Trend PASR well. I found out a few things:

I prefer to think in terms of Swing High/Low. Make sure that you identify the correct Swing, because there can be false signals.

Well, you are not ""thinking"" correctly! More important than anything else, watch, learn and UNDERSTAND how PRICE behaves IN A TREND in and around the Strat Shadow.

Swings are for PASR SWING trading strategy NOT PASR Trend trading strategy

TREND: Wait for trend to establish

Make sure you UNDERSTAND how to qualify PRICE in a trend

Throughout my backtesting all the way from 2007 in Forex, I found out that just by doing all this was extremely profitable if you have good money management.

""Good Money Management"" can only be achieved ""IF"" you have ""good"" trading psychology.

Any strategy/system, even those in "Indicator Land" are extremely profitable if you have good money management.

The really hard part is doing it with REAL, hard earned money at the MOVING HARD RIGHT EDGE.

Perhaps today's USDCAD on the Daily will be a good example.

You did good but that is PASR SWING trading the Boss, not trend trading
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,143
  • Dec 5, 2018 10:56am Dec 5, 2018 10:56am
Quoting fxrabbi
{quote} Happy to see you back after your little cold......
Thanks Yomi and everyone else for their well wishes. The "head and eye" cold is now becoming a "chest" cold which is much more manageable.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,144
  • Dec 5, 2018 11:00am Dec 5, 2018 11:00am
Quoting MikuSS
{quote} Hi Strat, We have this saying in Chinese 'Once a teacher, always a teacher'. I can't express how much I have learnt from your guidance. I sincerely hope you get well soon.
Thank you.

Just read this from George W Bush's eulogy for his late father which is what I epitomise also:

"He strongly believed it was important to give back to the community and country... he recognised serving others enriched the giver's soul."

George W. Bush
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,145
  • Dec 5, 2018 11:02am Dec 5, 2018 11:02am
PASR THE PATH

I think I am caught up and up to date now. Let me know if I missed anything
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,146
  • Dec 5, 2018 11:04am Dec 5, 2018 11:04am
PASR IN TRAINING (EURAUD 1D)

I didn't have chance to open metatrader cus I accidently brought the wrong laptop cus i have to guide my friend from other country, so I do papertrading.

BB

Here is what I see from BB, I suddenly draw the peak lines above the summits ( 3 blue lines ).
Started from the resistance line, I saw good summit ( November 17 ) and valley ( July 18 ).
Draw the support line below the first valley ( May 18 ).

Change the chart type from line to candles.
I saw a strong red candle last month, this month tried to break the low of 5 months ago BB candle.
My support line got hit.
Then move to the B

Attached Image (click to enlarge)
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B

Adjusting the BB's S line, to B's S line.
Back to line chart, saw 2 good valleys, moved my Support line below these valleys ( 1st and 15th January 18 ).
Back to candle chart.
Previous B is controlling now (Still trying to grasp the WCC).
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W

Finally caught the cause, and gave it blue star.
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4H

I want to check what happened in 4H. I suddenly give it orange arrow on the green candle.
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Entry
Here is my position now.
Blue line is my entry point.
Attached Image


I'm suffering of the pain of describing what my eyes see.
I read about candle PA,
sometimes its very clear,
sometimes my brain told me "it depends on the broker".

That's why I suddenly gave blue star and orange arrow.

Here is the link to my chart
  • #9,147
  • Dec 5, 2018 11:07am Dec 5, 2018 11:07am
AUDCAD

Quoting HappyTrend
AUDCAD Now We can jump from Boss Swing to BigBoss Swing? :O Boss Swing Up BigBoss Swing Up
So what are you doing now, Grasshopper?

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,148
  • Dec 5, 2018 1:11pm Dec 5, 2018 1:11pm
Quoting strat
GBP USD M5 PASR Trend Trading {quote} Good job, Markus, but why no Add On this time?
Thanks. To be honest I don’t know it. Sometimes it „feels“ right to add on and sometimes not. Maybe not a good explanation but that’s how it is at the moment and where I have to work on.
  • #9,149
  • Dec 5, 2018 1:20pm Dec 5, 2018 1:20pm
Quoting strat
AUDCAD {quote} So what are you doing now, Grasshopper? {image}

Grasshopper hehe i dont know what is the meaning of that nickname.

My trailing sl is behind of 23 of november.

After the Gap Up, i was thinking:

1) Close the Trade... (But why? If im trading Swing Boss..., and i answer my self because in 1 of October the Gap Down, and can be "EXHAUSTION" and then i re-read https://www.forexfactory.com/showthr...1#post11652911 and better still following the boss swing because i have too much to learn..)

2) Trailing my stoploss behind of Candle 29 of November... But again WHY? That GAP UP can easy go back to "fill" that GAP and continue to the SWING BOSS UP...

3) Then my Trailing StopLoss is behind of 23 november and thinking seriously to move my stoploss behind of today candle after close.

My Next Resistance zone that i take it from BOSS CHART, is from 0.9866 to 0.9955... Boss Swing Up and checking to close the trade in that zone.


Obviously this Humble Lare and GrassHopper are learning and maybe in everything im wrong... i hope that u still can help me to make this possible for be Profitable at SWING PASR LONG TERM Stress Free.
  • #9,150
  • Dec 5, 2018 4:56pm Dec 5, 2018 4:56pm
Quoting HappyTrend
{quote} Grasshopper hehe i dont know what is the meaning of that nickname. ......

Grasshopper hehe i dont know what is the meaning of that nickname.

I believe its from that famous TV drama "Kung Fu" starred by David Carradine . It is how his blind kung fu teacher used to call him in his apprentice days. We used to love this series when we were young
Focus, Patience, Discipline, Determination and Perseverance
  • #9,151
  • Dec 5, 2018 5:04pm Dec 5, 2018 5:04pm
Quoting celguek
PASR IN TRAINING (EURAUD 1D) I didn't have chance to open metatrader cus I accidently brought the wrong laptop cus i have to guide my friend from other country, so I do papertrading. BB Here is what I see from BB, I suddenly draw the peak lines above the summits ( 3 blue lines ). Started from the resistance line, I saw good summit ( November 17 ) and valley ( July 18 ). Draw the support line below the first valley ( May 18 ). Change the chart type from line to candles. I saw a strong red candle last month, this month tried to break the low of 5...
You can setup full Strat Shadow on Tradingview. It's not that hard. Even if you can't, getting 2 ema up, knowing the polarity of Strat Shadow by looking and which ema is higher than another. This might change your thought on this trade.

And this is why I choose to look at MT4 over Tradingview for OANDA chart. (Though I do not think is too big of deal most of the time)
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Or when in daily
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You would not have that candle look so hammer-ish if you are on MT4. (Note that FXCM chart on Tradingview actually show gaps properly)

With that out of the way, here is my analysis

BB
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It is ranging between this area. There is two attempt buyer trying to breakout from this range on this swing high but failed (once around April while another around September. Buyers are not as strong as previous up swing. Now is testing whether the support will hold for another attempt of breakout, or going back down.

B
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The last up swing did not make as much of a higher high compare to previous, while the ""retracement"" is getting steeper.
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W
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In my chart (current time) it is testing Strat Shadow.
  • #9,152
  • Dec 5, 2018 8:16pm Dec 5, 2018 8:16pm
Quoting huatzhi
{quote} You can setup full Strat Shadow on Tradingview. It's not that hard. Even if you can't, getting 2 ema up, knowing the polarity of Strat Shadow by looking and which ema is higher than another. This might change your thought on this trade. And this is why I choose to look at MT4 over Tradingview for OANDA chart. (Though I do not think is too big of deal most of the time) {image}{image} Or when in daily {image}{image} You would not have that candle look so hammer-ish if you are on MT4. (Note that FXCM chart on Tradingview actually show gaps...
I'm still reading back and forth about the strat's shadow, I'm on page 395 saving this thread pages, edit on word processor so I can read it on pdf when I'm on the road. I actually had these ema, but I choose to hide it, because I want it and haven't caught yet the aha moment about strat's shadow (I'm a slow learner).

here is the ema, it doesnt have the fill color, how did you do that?
Attached Image

Attached Image



I don't know which strat shadow you are using on MT4, but my strat shadow doesn't change the color line, its all black when the shadow is red or green.

Thank your for the explanations @huatzhi .
  • #9,153
  • Edited Dec 6, 2018 1:45am Dec 5, 2018 11:11pm | Edited Dec 6, 2018 1:45am
Quoting celguek
{quote} I'm still reading back and forth about the strat's shadow, I'm on page 395 saving this thread pages, edit on word processor so I can read it on pdf when I'm on the road. I actually had these ema, but I choose to hide it, because I want it and haven't caught yet the aha moment about strat's shadow (I'm a slow learner). here is the ema, it doesnt have the fill color, how did you do that? {image} {image} I don't know which strat shadow you are using on MT4, but my strat shadow doesn't change the color line, its all black when the shadow is...
try looking for MA ribbon on tradingview

GBPJPY pre london M5
I liked this but the reward ratio was not that great, so I didnt want to have a trade
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  • #9,154
  • Dec 6, 2018 12:29am Dec 6, 2018 12:29am
GBPCAD M5 30p
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the previous hour before london open, price was in a tight range and didnt move lower
  • #9,155
  • Edited 1:39am Dec 6, 2018 12:41am | Edited 1:39am
Quoting strat
PASR THE PATH {quote} Thank you, Scrumy. I would be REALLY interested to read other student's journey on THE PATH. Do you see something to add? Do I miss an important topic? How did you progress/do you progress on THE PATH? How do you backtest? Do you have a specific checklist? I'd like to hear your thoughts on this one. Don't let Scrumy or me down on this. Let us know. Since there is no interest in doing this then I have no further interest in other student's journey on THE PATH
This is what I am looking for when I am in front of the screens during the EU session.

  1. Consolidation during the asia session
  2. established trend overnight, and looking for continuation
  3. trading away from the Open of the Day (NY close)

Example:

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EDIT:
another 30p GBPCAD M5
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  • #9,156
  • Dec 6, 2018 2:10am Dec 6, 2018 2:10am
Quoting celguek
{quote} I'm still reading back and forth about the strat's shadow, I'm on page 395 saving this thread pages, edit on word processor so I can read it on pdf when I'm on the road. I actually had these ema, but I choose to hide it, because I want it and haven't caught yet the aha moment about strat's shadow (I'm a slow learner). here is the ema, it doesnt have the fill color, how did you do that? {image} {image} I don't know which strat shadow you are using on MT4, but my strat shadow doesn't change the color line, its all black when the shadow is...
Hey celguek,

I have made myself a Strat Shadow in TV. Add this script to the Pine Editor and save it.

//@version=3
study(title="Strat Shadow", shorttitle="Strat Shadow", overlay=true, max_bars_back=5, linktoseries=true)
fastEma = ema(close, 20)
slowEma = ema(close, 72)
twoHundredEma = ema(close, 200)
closePrice = plot(close, style=line)
fastEmaPlot = plot(fastEma, color=#2ecc71, style=line, linewidth=1, title="Fast EMA")
slowEmaPlot = plot(slowEma, color=#f00b0b, style=line, linewidth=1, title="Slow EMA")
//twoHundredEmaPlot = plot(twoHundredEma, color=black, style=line, linewidth=1, title="200 EMA")
color = close>slowEma?green:red
fill(slowEmaPlot, closePrice, color=color, transp=85, editable=true)
//fill(twoHundredEmaPlot, slowEmaPlot, color=black, transp=90, editable=true)

Additionally you could add the MA Ribbon as well.

Best, Scrumy
Accept the risk!
  • #9,157
  • Dec 6, 2018 2:17am Dec 6, 2018 2:17am
Quoting bistolis
{quote} try looking for MA ribbon on tradingview GBPJPY pre london M5 I liked this but the reward ratio was not that great, so I didnt want to have a trade {image} {image}
Alright, good job. Is my fault I did not aware. Remember SR for PA.

These two are the tool that I use to create Strat Shadow. (I don't use the default ema provided as there is limit amount of indicator allowed for free use)
Moving Average Ribbon by mortdiggiddy
Attached Image
Attached Image


EMA Ribbon for BO by John Mann - If I need more EMA, it help. But not necessary for now.
Attached Image
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EMA Ribbon for BO by John Mann
  • #9,158
  • Dec 6, 2018 2:31am Dec 6, 2018 2:31am
Quoting bistolis
{quote} try looking for MA ribbon on tradingview GBPJPY pre london M5 I liked this but the reward ratio was not that great, so I didnt want to have a trade {image} {image}
Quoting Scrumy
{quote} Hey celguek, I have made myself a Strat Shadow in TV. Add this script to the Pine Editor and save it. //@version=3 study(title="Strat Shadow", shorttitle="Strat Shadow", overlay=true, max_bars_back=5, linktoseries=true) fastEma = ema(close, 20) slowEma = ema(close, 72) twoHundredEma = ema(close, 200) closePrice = plot(close, style=line) fastEmaPlot = plot(fastEma, color=#2ecc71, style=line, linewidth=1, title="Fast EMA") slowEmaPlot = plot(slowEma, color=#f00b0b, style=line, linewidth=1, title="Slow EMA") //twoHundredEmaPlot = plot(twoHundredEma,...
Quoting huatzhi
{quote} Alright, good job. Is my fault I did not aware. Remember SR for PA. These two are the tool that I use to create Strat Shadow. (I don't use the default ema provided as there is limit amount of indicator allowed for free use) Moving Average Ribbon by mortdiggiddy {image}{image} EMA Ribbon for BO by John Mann - If I need more EMA, it help. But not necessary for now. {image}{image} EMA Ribbon for BO by John Mann
Thank you so much
  • #9,159
  • Dec 6, 2018 5:41am Dec 6, 2018 5:41am
GBP AUD M5 Trend Trading

Exit was not the best I guess, but still closed both positions with profit. So I am happy with this trade.

Attached Image (click to enlarge)
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Greetings, Markus
  • #9,160
  • Dec 6, 2018 7:58am Dec 6, 2018 7:58am
AUDCAD

Quoting HappyTrend
{quote} Grasshopper hehe i dont know what is the meaning of that nickname. My trailing sl is behind of 23 of november. After the Gap Up, i was thinking: 1) Close the Trade... (But why? If im trading Swing Boss..., and i answer my self because in 1 of October the Gap Down, and can be "EXHAUSTION" and then i re-read https://www.forexfactory.com/showthr...1#post11652911 and better still following the boss swing because i have too much to learn..) 2) Trailing my stoploss behind of Candle 29 of November... But again WHY? That...
Grasshopper hehe i dont know what is the meaning of that nickname.

This tells me you have NOT read my "old" original 2009 thread!

My trailing sl is behind of 23 of November.

This is very safe and conservative BUT shows you are NOT reading or seeing beyond the Boss candles. Keep watching the Boss candles and how PRICE behaves in and around the Strat Shadow while at the same time, get a close up detail of what is happening behind the scenes by watching H4 and H1.
15 YEARS OF PASR ON FOREX FACTORY!
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