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Strat's PASR Long Term, Stress Free Trading

  • #9,401
  • Dec 20, 2018 11:19am Dec 20, 2018 11:19am
Evening traders,

I am working on my trading once again, and once again I have good news. I feel like I feel it "clicking" finally. This time it's the dollar that I decided to short couple of weeks ago after the first BEEB on Boss. I entered early because not only technical analysis allowed me to trust this trade, but economic situation globally as well. Seems like we are going to see some natural slowdown and I believe that USD is an overvalued currency right now.

I always just sit back and enjoy when I see PRICE following the Higher Timeframes. Let's see where will this trade take me now.
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  • #9,402
  • Edited 12:30pm Dec 20, 2018 11:54am | Edited 12:30pm
GBP / USD 5 MIN
The PRICE has closed over the resistance and entered.
Another resistance near (area with a lot of traffic) and immediately to BE.
This does not have to be a signal because I'm still on "THE PATH" and I still have a lot to learn.
EDIT: exit + 25 pips
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Frank
  • #9,403
  • Dec 20, 2018 12:26pm Dec 20, 2018 12:26pm
GBPUSD M5 Basic/Swing PASR

Quoting windofmarch
GBP / USD 5 MIN The PRICE has closed over the resistance and entered. Another resistance near (area with a lot of traffic) and immediately to BE. This does not have to be a signal because I'm still on "THE PATH" and I still have a lot to learn. {image}
Good, but where are you going to TP and where are your SR levels?

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,404
  • Dec 20, 2018 12:36pm Dec 20, 2018 12:36pm
Quoting strat
GBPUSD M5 Basic/Swing PASR {quote} Good, but where are you going to TP and where are your SR levels? {image}
The top that you identified in your chart was a great goal. However, given that anything can happen on the market, I have inserted trailing stop and, in the end, I exit with + 25 pips
Frank
  • #9,405
  • Dec 20, 2018 4:35pm Dec 20, 2018 4:35pm
Quoting tommyFL
{quote} Yes, still lots to learn - like what month I'm looking at! I'm not even half way through the old thread yet. NZDUSD - BB is trending down with LHs and LLs. Boss is on a confirmed swing down and, as I type, is sitting on support at 0.6736ish and its 20. Worker had a large BEEB yesterday; I would be looking for confirmation today with a lower close, near support at 0.67 that would also take it through the 72, then I'd be looking to see what happens above 0.67 (a retrace), looking for a possible sell-stop under 0.67. Monthly: {image} Weekly:...
Watch what the boss does. To me I looks like it retraced substantially, and might end up a higher low because of the huge big boss bar, but let the market show us. Be wary of having a bias.

Quoting HappyTrend
{quote} Yes, im long both of them and short on NZD Pairs. (NZDCAD got hit SL, but re-entry again)... In the pass of the time, im loving this more and more.
Remember your total risk, you're essentially short 3xNZD. I try to pick the one that looks best and keep my total risk reasonable.

Quoting strat
AUDNZD {quote} Ben, Long on AUDNZD? Did you start with the Big Boss? {image}
Yes, well aware big boss is down. I've entered at half my usual risk, because I have this area as the bottom the range of the last 3 years, See chart. I like it better than GBP/NZD because of it being the bottom of the range rather than being somewhere in the middle of nowhere so to speak.

I also wish to report having closed a trade successfully. Overnight while I slept AUD/JPY hit my TP. Chart attached, looking at it now i could've added on in a couple of spots.
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  • #9,406
  • Dec 20, 2018 7:42pm Dec 20, 2018 7:42pm
Quoting Rub
Remember your total risk, you're essentially short 3xNZD. I try to pick the one that looks best and keep my total risk reasonable.
Yes, before i enter to a trade i always check my risk.. knowing here going to be my stoploss. I know how much im risking per trade..

I mean i have an account and im risking almost the minium... then im fine with margin and everything plus is for trade more frequently and learn a little more faster with a live account.

In the future, of course.. im going to pick where to put my margin.

Thank you!

Edit: I made the same entry in AJ haha nice trade!
  • #9,407
  • Dec 20, 2018 10:02pm Dec 20, 2018 10:02pm
Quoting Rub
{quote} Watch what the boss does. To me I looks like it retraced substantially, and might end up a higher low because of the huge big boss bar, but let the market show us. Be wary of having a bias. {quote}
It's obvious to me in hindsight. I need to wait for a confirmation before assuming something.
  • #9,408
  • Edited 2:20am Dec 21, 2018 1:10am | Edited 2:20am
Quoting strat
{quote} STP broker is the best. So what is to stop you copying the trades of your broker's top performing Clients, surely you have access to them? When are you going to update us on our challenge? What happened to your quirky sense of humour?
I have been accused of many things, but to be accused of losing my sense of humor is catastrophic lol

Nothing stops me from copying our top performers, except I want to master the skill myself. We are basically reversing into a hedge fund and have obtained the license for offering managed accounts, and in the next few years we can offer a genuine alternative investment product.

But having been here a few months, let me tell you the amount of clients that generate money are less than one percent, we have many, many $100k losers, and very very few consistent winners.

In fact we are recruiting traders out of the retail realm who can demonstrate profitability and they can become eligible for a funded account with a profit split. We will blend them into accounts and allocate capital accordingly.

My progress on the path is slower than I wish, I have had huge academic duties this year ( finishing up some post grad degrees, various legal admission exams) and a change in job, my lack of posting means I am watching, learning, getting better, refining, feeling.

From Jan I will be using our analysis software which I can create an actual track record with, to trade in certain parameters that are the most risk adverse, and extracts alpha at a slow consistent rate ( 2% per month attracts an enormous amount of investors, )

The retail forex horror stories are largely true, if you are at a broker who is a market maker, good luck, Every broker and his dog who claim to be true ECN, are either delusional or actively committing fraud, the flow required to be true ECN, is astounding.

This thread is the only way you will survive in the retail space, the inverse narrative ( high frequency indicator based trading) which is so richly advertised online, is so blatantly false as to be theft.

I dont post because I havnt absorbed and integrated every morsel of wisdom found in these pages, but as sure as what a Strat has 6 strings... I am here every damn day......
Merry Christmas to every participant on this thread, may your pips be green......
  • #9,409
  • Dec 21, 2018 3:54am Dec 21, 2018 3:54am
Quoting Malu
Dear all, I did not post in the last days as I head a death in my closest family circle. So, obviously I am not free for trading and that is not important at the moment. I will sort my business here first and I am sure that I am back not later than the end of the year/beginning of next year. I would like to take the opportunity to wish you and your families merry Christmas and happy holidays. Take care and see you next year with all our might! Greetings, Markus.
Sorry to hear about your loss Markus. Our thoughts are with you.

Regards
Pete
  • #9,410
  • Dec 21, 2018 8:18am Dec 21, 2018 8:18am
Hello,
I was away for a long time because of a health problem, several months in the hospital.
Then I lost my sister. Complex moments in the head!

I wish you happy holidays! Especially family and health .... Lots of love! The essential.

I also thank the big man here: Strat. And the old Darko, Yomi, Rub etc etc ...
You brought me a lot in this shark environment!
Before my health concerns, I was able to explode my account taking little risk. I hope to resume trading soon!
I have been re-trading since this week. I quickly forgot!

Also, I could be in front of my computer between the opening of Franckurt and 1h after the opening of London.
So I was trying to locate an entrance very early. I know it's not good, because the big movement, not yet installed.
But I was ready to take my loss very very quickly. I'm still looking for a pair that could offer me a ratio of 2 (support h1 / h4 resistance), or a ratio 1 minimum to put on BE, always in the trend. Otherwise I pass.
I take 1 or 2 trades a day, always 1% risk per position. I am ready to close my position before my SL if I see that my scenario is invalidated.
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I made about + 10% of the capital. But this week was easy, and we could have done a lot more if more time. especially in London and NY with very nice trends.
I hope with all my heart that 2019 is going to be a great year for all. That I could be present on my trading and here in great shape!

Again thank you Strat to share your very great experience and help for so long people!

  • #9,411
  • Dec 21, 2018 8:40am Dec 21, 2018 8:40am
Quoting Malu
Dear all, I did not post in the last days as I head a death in my closest family circle. So, obviously I am not free for trading and that is not important at the moment. I will sort my business here first and I am sure that I am back not later than the end of the year/beginning of next year. I would like to take the opportunity to wish you and your families merry Christmas and happy holidays. Take care and see you next year with all our might! Greetings, Markus.
Sorry to hear that! My condolences.
A lot of courage in these hard times!
  • #9,412
  • Dec 21, 2018 8:45am Dec 21, 2018 8:45am
Quoting Malu
Dear all, I did not post in the last days as I head a death in my closest family circle. So, obviously I am not free for trading and that is not important at the moment. I will sort my business here first and I am sure that I am back not later than the end of the year/beginning of next year. I would like to take the opportunity to wish you and your families merry Christmas and happy holidays. Take care and see you next year with all our might! Greetings, Markus.
I am sorry for your loss Markus
  • #9,413
  • Dec 21, 2018 11:55am Dec 21, 2018 11:55am
Quoting Malu
Dear all, I did not post in the last days as I head a death in my closest family circle. So, obviously I am not free for trading and that is not important at the moment. I will sort my business here first and I am sure that I am back not later than the end of the year/beginning of next year. I would like to take the opportunity to wish you and your families merry Christmas and happy holidays. Take care and see you next year with all our might! Greetings, Markus.
Condolences, Markus
Frank
  • #9,414
  • Edited 7:00pm Dec 21, 2018 1:07pm | Edited 7:00pm
Studyng my trades and watching how i did at this Year... Checking my improves, my mistakes what i was doing right what i was doing wrong...

Starting with Tick Charts that was difficult to me to have the patience to wait.. even a single hour candle...

I start doing in the begining (IM NOT DOING RIGHT NOW THIS, i mean i start doing this at the begining of my path one year ago... im pointing this if in a case im not expreesing my self correctily -> Im Not Doing This <-):


PASR Basic a lower timeframe (5m 15m 60m 240m 1440m)
PASR Trend timeframe (120m 240m 360m 480m)

Then i start jumping to higher timeframes

PASR Basic 1440m Weekly Monthly

With some mistakes obviously but wow... now im feel comfortable doing long term trades...

My Goal in this Year is now be more conservative and have more patience of mix:

PASR Basic trading (D1) Worker and (Weekly) Boss (At Support Resistance Weekly - Monthly ONLY)

and

PASR Trend (Worker and Weekly). with taking notes of H4 but not trading in there until i can be comfortable placing a trade and not watching every candle.

*EDIT*: I forget to write... With PASR Trend im going to do PASR Swing Boss Too.

******************************

Checking i see that Higher Timeframes is much better reaction in Support and Resistances... Sometimes when we are at Support or Resistance in a HigherTimeFrame and start consolidating in there... sometimes you can have a set up for short from Resistance in highertimeframe... Set SL above of it and thats it... Maybe you are going to wait Days or Weeks and if price start going in to direction (bouncing from resistance) u are at the peek without any stress... When lowertimeframe in that zone is a completely roller coaster.

After one year live doing PASR Strat, my account ends in a profit year and next year im going to incrase my lotsize a little more.

*********************

Thank you Strat and Classmates... HAPPYtrend wish you a HAPPY Merry Christmas and an excellent new year! I hope next year is the year for many of us!.

Take care and Bless!
  • #9,415
  • Dec 22, 2018 5:35am Dec 22, 2018 5:35am
Quoting fleurdelys
Hello, I was away for a long time because of a health problem, several months in the hospital. Then I lost my sister. Complex moments in the head! I wish you happy holidays! Especially family and health .... Lots of love! The essential. I also thank the big man here: Strat. And the old Darko, Yomi, Rub etc etc ... You brought me a lot in this shark environment! Before my health concerns, I was able to explode my account taking little risk. I hope to resume trading soon! I have been re-trading since this week. I quickly forgot! Also, I could be in...
Definitely, 2019 will bring you good health and better trading..........
Time always comes before price
  • #9,416
  • Edited 8:27am Dec 22, 2018 8:14am | Edited 8:27am
Follow up on last weeks' reviews in post #9320:

NZDCAD Boss confirmed swing down last week following a long legged doji last week.
NZDJPY Boss confirmed swing down last week.
CADJPY Boss BEEOB while in down swing.
EURUSD Boss BEOB last week while in down swing.
NZDUSD Boss confirmed swing down last week.
AUDJPY Boss BEOB (straddle) two weeks ago, now in a WCC.
EURAUD Boss BUEOB two weeks ago, now in a WCC.
AUDUSD Boss BEEOB two weeks ago, confirmed swing down this week and in a WCC.

See attached updated charts from EOW analysis done this morning.
Drop to worker and H4 charts to review PA signals in and around the Strat shadow.
Pretty good week all in all.

One thing of note is that the Yen appears to have had a strong week. At the same time the Dollar Index weakened resulting in the USDJPY breaking out of its 9 week WCC.
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  • #9,417
  • Dec 23, 2018 10:47am Dec 23, 2018 10:47am
NZDUSD - trend line drawing - I drew short term TL on the worker from mid-Nov and mid-Dec under the uptrend that was broken on the 14th, then tested as resistance on the 18th and 19th. I drew another under the swing in early October through to the end of October - this one extends out to just about where the price has been heading, and crossing 0.67.

Then I zoomed out to the boss and saw a WCC?

Worker/Daily:
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Boss:
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  • #9,418
  • Edited 6:24pm Dec 23, 2018 5:46pm | Edited 6:24pm
Quoting tommyFL
NZDUSD - trend line drawing - I drew short term TL on the worker from mid-Nov and mid-Dec under the uptrend that was broken on the 14th, then tested as resistance on the 18th and 19th. I drew another under the swing in early October through to the end of October - this one extends out to just about where the price has been heading, and crossing 0.67. Then I zoomed out to the boss and saw a WCC? Worker/Daily: {image} Boss: {image}
Yes, that's a SR confluence with WCC low and demand line on your chart. Could be a good place to look for PA.

Also note that you have accidentally (I assume) drawn your line with candle open rather than candle close. if you are using candle close, you might want to adjust it so it fit the closes.

PS Trend Line are mostly drawn from tip of the swing low to another tip of the swing low.
  • #9,419
  • Dec 23, 2018 6:40pm Dec 23, 2018 6:40pm
AUDCAD

BB
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The price hit resistance and now is rejecting the resistance.

B
Attached Image


The price is in 3 weeks of WCC, but Strat Shadow still acting as resistance. Swing high is confirm on the Dec 12th week.

W
Attached Image


The BEOB happen confluencing 200ema (which now acting as resistance), Strat Shadow on the SR area.

Greed:
I can clearly see a daily SR around there.
The SR line around that area only cause me to have 1:1 RR however I want to see it as wobble SR so I can trade to 0.9224.
Attached Image


Fear:
It is right above the demand line, and it is still kind of supported by positive Strat Shadow. Combination of these could easily cause a pause of price.
  • #9,420
  • Dec 23, 2018 6:46pm Dec 23, 2018 6:46pm
EURGBP

It's something that I use for practice, however I won't really trade on it for now as it is still a mess.

BB
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The price is testing resistance.

B
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Two shooting star-ish doji rejection from SR.

W
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A BEEB.

An entry could be done a couple pip below BEEB, and the target is on 0.875 support.
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