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Strat's PASR Long Term, Stress Free Trading

  • #9,521
  • Jan 2, 2019 6:46pm Jan 2, 2019 6:46pm
Quoting HappyTrend
LOL, what happen to the markets... i just hear in my computer "Target Fill" and that is very weird because my targers are far away... and i just check and for example UJ took my TP. Edit: A good time for take notes of everything and study! *Wow the spreads... its only me..?
PASR traders never need to worry as PASR almost always has us correctly positioned in the direction of the Big Boy's moves - see Svolacius post 9495

My current open trade is USD/JPY since beginning of December. Apologize for mobile picture - wanted to share my progress at work.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,522
  • Jan 2, 2019 6:53pm Jan 2, 2019 6:53pm
Quoting Rub
{quote} Wow. Looks like someone dumped a significant amount of cash into safe havens, or maybe the big boys running stops? Glad I'm out of the market, apart from a AUD/NZD trade that got stopped out. Will certainly make for some interesting weekly/monthly candles.
A lots of long wicks, potentially future's depth gauge?
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  • #9,523
  • Jan 2, 2019 7:12pm Jan 2, 2019 7:12pm
Quoting Rub
{quote} Wow. Looks like someone dumped a significant amount of cash into safe havens, or maybe the big boys running stops? Glad I'm out of the market, apart from a AUD/NZD trade that got stopped out. Will certainly make for some interesting weekly/monthly candles.
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https://www.zerohedge.com/news/2019-...flash-crashing
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,524
  • Jan 2, 2019 7:15pm Jan 2, 2019 7:15pm
Quoting strat
{quote} PASR traders never need to worry as PASR almost always has us correctly positioned in the direction of the Big Boy's moves - see Svolacius post 9495 My current open trade is USD/JPY since beginning of December. Apologize for mobile picture - wanted to share my progress at work. {image} {image} {image} {image}
Yes, thank you! I was in that trade too!

I almost buy after my take profit fill at 105.30... but if i buy in there that was only my emotions taking the control... better to wait for the next set up without stress...
  • #9,525
  • Jan 2, 2019 7:17pm Jan 2, 2019 7:17pm
Quoting strat
{quote} PASR traders never need to worry as PASR almost always has us correctly positioned in the direction of the Big Boy's moves - see Svolacius post 9495 My current open trade is USD/JPY since beginning of December. Apologize for mobile picture - wanted to share my progress at work. {image} {image} {image} {image}

BTW Thank you with this kind of screenshots:

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For me that is a really big big knoweldge knowing where has to be the trades. Thank you again.
  • #9,526
  • Jan 2, 2019 9:56pm Jan 2, 2019 9:56pm
Quoting strat
{quote} PASR traders never need to worry as PASR almost always has us correctly positioned in the direction of the Big Boy's moves - see Svolacius post 9495 My current open trade is USD/JPY since beginning of December. Apologize for mobile picture - wanted to share my progress at work. {image} {image} {image} {image}

Hi Strat,

I have a question about your first entry in USDJPY chart (which Svolacius also posted) .

I know when Price slice through the Strat shadow it has more probability to go to the next level. However, that first entry candle's wick (and the black box I drew in your chart ) makes me stay out of that trade. I also see many other reasons to enter ..like demand trend line break ,supply at 114.0 etc..

However, If I dropped down to 4Hr chart it becomes much more clearer.

Could you mind to explain your thought process of that entry. (Or else you can ask me to go back to THE PATH and read.)

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Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #9,527
  • Jan 2, 2019 10:13pm Jan 2, 2019 10:13pm
NZDUSD: This didn't move much last week. I had decided placing a sell-stop under 0.67 would be a good idea, but I was waiting for trading to restart after NY before going for it (on demo), however I was was on a plane last night as this went south, before I'd had a chance to put an order in. Then I thought I'd wait for a retrace and then look what happened.. now the worker is sitting above support at 0.62230 as I type this. I thought about another stop under the support at 0.6223 but the move today has me worried about S/L placement.

Monthly:
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Weekly:
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Daily:
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  • #9,528
  • Jan 3, 2019 12:14am Jan 3, 2019 12:14am
NZDUSD PASR Swing trading
Quoting tommyFL
NZDUSD: This didn't move much last week. I had decided placing a sell-stop under 0.67 would be a good idea, but I was waiting for trading to restart after NY before going for it (on demo), however I was was on a plane last night as this went south, before I'd had a chance to put an order in. Then I thought I'd wait for a retrace and then look what happened.. now the worker is sitting above support at 0.62230 as I type this. I thought about another stop under the support at 0.6223 but the move today has me worried about S/L placement. Monthly: {image}...
The last portion I took on this south move was at 0.6714 and I was taken out (TakeProfit was hit) after such a big move last night.

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Since BIG BOSS and BOSS are in a downtrend and my next support is at 0.64ish, I'm waiting for the WORKER to give me an entry signal with a good RR so I can get in.
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #9,529
  • Jan 3, 2019 12:42am Jan 3, 2019 12:42am
Quoting strat
PASR THE PATH {quote} Good to see you back and posting. We hope you remain in good health. Please explain in detail, the benefit you get from having Bollinger Bands on your chart.
Oh sorry, I forgot to remove Bollinger.
I will try to explain, I hope the translation will be okay.

In fact, I had little time in December and I can not find the pair, which can explode, after opening Franckfurt / London. I wanted to get back into the trend as soon as possible, and quickly get my trade
I noticed that for the beautiful trends visible on Strat Shadow with beautiful sawtooth, the start could be start with a candle that closes above bollinger = phase 2.
Can not stay in front of the screen, I placed an alert if fence above bowl.
Then I could come and see if conditions were filled with the method.
I missed a lot of signals, but at least I could take 2-3 trades a week.
So I was looking for the phase 1 pairs to get phase 2 if and only if the conditions of the method were okay.

December 26, I still tried a trade (not good period I think) ... Unfortunately my TP not triggered.
I closed to BE.
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Wednesday I chose GBP Cad. But my entry should have been earlier (+ 5mins). I waited and my profit was okay.
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I do not know if I would take a trade today
Thanks, have a good day
  • #9,530
  • Jan 3, 2019 7:34am Jan 3, 2019 7:34am
Quoting Suran
{quote} Hi Strat, I have a question about your first entry in USDJPY chart (which Svolacius also posted) . I know when Price slice through the Strat shadow it has more probability to go to the next level. However, that first entry candle's wick (and the black box I drew in your chart ) makes me stay out of that trade. I also see many other reasons to enter ..like demand trend line break ,supply at 114.0 etc.. However, If I dropped down to 4Hr chart it becomes much more clearer. Could you mind to explain your thought process of that entry. (Or else...
Dear Suranga ..
I think this answering your questions.
Quote
...... Can you see the coil forming? As prices near the apex of the wedge, prices are becoming increasingly compressed (absorbing more and more energy). This is like a spring being compressed. What happens when you let go of a compressed spring? The same thing happens with prices in a wedge – coil formation....
#3241

Regards
There is Light at the End of the Tunnel.
  • #9,531
  • Jan 3, 2019 7:54am Jan 3, 2019 7:54am
Quoting Ali.J
{quote} Dear Suranga .. I think this answering your questions. {quote} #3241 Regards

Thanks Ali

very helpful
Focus, Patience, Discipline, Determination and Perseverance
  • #9,532
  • Jan 3, 2019 8:58am Jan 3, 2019 8:58am
Quoting HappyTrend
{quote} Yes, thank you! I was in that trade too! I almost buy after my take profit fill at 105.30... but if i buy in there that was only my emotions taking the control... better to wait for the next set up without stress...
better to wait for the next set up without stress...

I am impressed, HT, you have made good progress on THE PATH
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,533
  • Jan 3, 2019 9:02am Jan 3, 2019 9:02am
Quoting huatzhi
{quote} A lots of long wicks, potentially future's depth gauge? {image}
Yes and with lots of confluence

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,534
  • Jan 3, 2019 9:16am Jan 3, 2019 9:16am
Quoting Eurotrader17
NZDUSD PASR Swing trading {quote} The last portion I took on this south move was at 0.6714 and I was taken out (TakeProfit was hit) after such a big move last night. {image} Since BIG BOSS and BOSS are in a downtrend and my next support is at 0.64ish, I'm waiting for the WORKER to give me an entry signal with a good RR so I can get in.
Thanks - what made you take the trade on the worker at that point considering the bars on the BB and B? You felt like it was in enough of a downtrend already, and then price had been rejected from the 72, twice as resistance, was enough to trigger the trade? Was your S/L just above the 72?
  • #9,535
  • Edited Jan 4, 2019 1:01am Jan 3, 2019 9:33am | Edited Jan 4, 2019 1:01am
SL !!
Idiote completely forgot the new ISM.
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  • #9,536
  • Jan 3, 2019 9:45am Jan 3, 2019 9:45am
Quoting Suran
{quote} Hi Strat, I have a question about your first entry in USDJPY chart (which Svolacius also posted) . I know when Price slice through the Strat shadow it has more probability to go to the next level. However, that first entry candle's wick (and the black box I drew in your chart ) makes me stay out of that trade. I also see many other reasons to enter ..like demand trend line break ,supply at 114.0 etc.. However, If I dropped down to 4Hr chart it becomes much more clearer. Could you mind to explain your thought process of that entry. (Or else...
Or else you can ask me to go back to THE PATH and read.

I only do that to Trolls, Lurkers and Hobby traders but not to serious students.

However, that first entry candle's wick (and the black box I drew in your chart ) makes me stay out of that trade.

I am disappointed Svolacius did not answer you but it seems his priorities and status has changed.

Don't worry, Suranga, you are right to stay out of a trade when you have doubts.

We need to go back to the basics of PASR to answer your question.

Get out your Big Boss and you will SEE:

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I added the blue trend line to show how MISLEADING trend lines can be. September 2018 CLOSED above that trend line and those following trend line strategies would have entered long.

However, PASR traders SEE much more than that since we are looking at the BIG PICTURE from 50,000 ft.

When we look at the Big Boss PRICE structure we SEE the High, Low, Lower High and THEN consolidation BOUNDED by RESISTANCE (red rectangle). There were MANY attempts by PRICE from May 2017 through to December 2018 to CLOSE above that resistance but it could not. This ALONE tells PASR traders to look for SHORT entries.

Next, August 2018 CONFIRMED the Big Boss TRADING RANGE of over 1,000 pips so PASR traders enter short knowing that there is a HIGH PROBABILITY of PRICE returning to the bottom of that range SOMETIME in the future. The "future" happened last night.

HappyTrend is even happier today because that PRICE level is exactly where he had his Take Profit target.

I could explain further looking for entries on shorter time frames but I think you can understand from here. If not, please let me know.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,537
  • Edited 10:11am Jan 3, 2019 10:01am | Edited 10:11am
Seems like some us we're on the right side of bed last night...

AUDCAD

1st position filled at 270 pips and guess who forgot to put a TP on his 2nd entry before bed....? Not that i expected this to get there in 5 minutes mind!
Watching this 2nd entry and will probably bring it to BE today.

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Edit Sorry I should've posted this 4HR chart for the 1st entry..(I don't draw trendlines on my charts to trade only to highlight the entry and my thinking at the time)

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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #9,538
  • Jan 3, 2019 10:38am Jan 3, 2019 10:38am
Quoting strat
......

Thanks a lot Strat,


I am disappointed Svolacius did not answer you but it seems his priorities and status has changed.

I am pretty sure it's because I addressed my question to you. That's why others left it to receive a answer from you. all good


I could explain further looking for entries on shorter time frames

I can see many entries in H4 (see attached), it's just daily candle (only that first entry) that I am not confident.
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Rgds

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #9,539
  • Edited 12:48pm Jan 3, 2019 10:53am | Edited 12:48pm
Quoting fleurdelys
{quote} Oh sorry, I forgot to remove Bollinger. I will try to explain, I hope the translation will be okay. In fact, I had little time in December and I can not find the pair, which can explode, after opening Franckfurt / London. I wanted to get back into the trend as soon as possible, and quickly get my trade I noticed that for the beautiful trends visible on Strat Shadow with beautiful sawtooth, the start could be start with a candle that closes above bollinger = phase 2. Can not stay in front of the screen, I placed an alert if fence above bowl....
I have time on my hands this morning as I am not trading since the Market needs to stabilise and get back to equilibrium after last evening's panic buying of JPY.

Oh sorry, I forgot to remove Bollinger.

So, by removing your Bollinger Bands and whatever other useless wiggly, squiggly lines you use, you are trading indicators on here PRETENDING to trade PASR.

I wrote many, many times in my old original 2009 thread that you will never learn PASR when you are using indicators as a CRUTCH! Either trade wiggly, squiggly lines or PASR - you can't trade both and be CONSISTENTLY PROFITABLE.

I can SAVE you thousands of hours and Euros as I have tried every indicator, indicator combination new or old. Yes they work SOMETIMES but not enough for you to load up on position sizing to be CONSISTENTLY PROFITABLE. Why? Because they FOLLOW and LAG BEHIND PRICE. They do NOT lead PRICE as the indicator junkies will have you believe.

As any one of many examples I can show without cherry picking, let's take the USDJPY Daily chart:

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Let's look at your Bollinger Bands:

If you are following Bollinger Band strategies you would enter long when PRICE penetrated below the band and THEN went back inside AND with a BUOB! PRICE would have sliced through your Stop Loss handing you a HUGE LOSS

Let's look at Stochastics:

The wiggly squiggly line crossed and turned up from 20 which indicator junkies call OVER SOLD. Following Stochastics strategy, you would enter long only for PRICE to slice through your Stop Loss handing you a HUGE LOSS.

PASR traders are taught and KNOW there is no such thing as OVER SOLD or OVER BOUGHT. PRICE does NOT and NEVER WILL, follow wiggly squiggly lines.

PRICE will continue to make NEW HIGHS as long as there are BUYERS buying.

PRICE will continue to make NEW LOWS as long as there are SELLERS selling.

Do you think the Japanese traders last night took any notice of indicator ""OVER SOLD"" conditions? Do you think they even traded with indicators?

RSI, TDI and all their derivatives"

Same thing. The wiggly squiggly line crossed and turned up from 30 which indicator junkies call OVER SOLD. Following RSI, TDI etc strategies, you would enter long only for PRICE to slice through your Stop Loss handing you a HUGE LOSS.

CCI

Same thing. The wiggly squiggly line crossed and turned up from -100 which indicator junkies call OVER SOLD. Following CCI etc strategies, you would enter long only for PRICE to slice through your Stop Loss handing you a HUGE LOSS.

Williams %R

Same thing. The wiggly squiggly line crossed and turned up from -80 which indicator junkies call OVER SOLD. Following Larry Williams' strategies, you would enter long only for PRICE to slice through your Stop Loss handing you a HUGE LOSS.

Elliott Wave Theory

Lord help EW theory traders. It is as much use as a crack in a glass eye on USDJPY!

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Finally, PASR traders trade what PRICE is doing NOW and NOT what an indicator said 14 days ago! (Standard Indicator settings)

I will no longer comment on your posts UNTIL you can demonstrate you are on THE PATH and completely FREE of your indicator fetish and fascination!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,540
  • Jan 3, 2019 11:06am Jan 3, 2019 11:06am
Quoting strat
you have made good progress on THE PATH
All thanks to you..
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