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Strat's PASR Long Term, Stress Free Trading

  • #10,321
  • Feb 10, 2019 1:25pm Feb 10, 2019 1:25pm
Quoting dashurry
i would like to get roasted, thank you {image}
Here is my analysis on GBPNZD.

Hint: do a screenshot for your analysis for every Timeframe and begin with the Big Boss.

Some other comments:

  1. we use 20 and 72 as EMAs for the Strat Shadow nowadays
  2. Fibos aren't that much used anymore
  3. Volume is not considered by Strat (anymore)


It looks like you are on the path - but still very early on the old thread. Is that correct?

BB:

  1. 3 months of buying, after big sell off in November
  2. immediate trend is up

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDMonthly.png Size: 68 KB


B:

  1. WCC since 1 week
  2. swing high confirmend since week starting 27.01.2019, so we are in a swing down (which is not aligned with BB)
  3. Strat Shadow is flat, showing PRICE is at equilibrium

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDWeekly.png Size: 70 KB


W:

  1. Price sligthly above EMA200
  2. last bar was a Doji, showing indecision
  3. imediate trend is up - aligned with BB

Attached Image (click to enlarge)
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So there is too much indecision for me at the moment. I skip.
Accept the risk!
  • #10,322
  • Feb 10, 2019 1:36pm Feb 10, 2019 1:36pm
Quoting forexdg
hi strat and all please alow me ask a few questions Quoting strat {image} {image} big hammer wasnt a exit? buyers is there at that time and is that not time to exit? Quoting strat {image} {image} and here in gbpcad is not consolidation?? dont you/we need trends?
big hammer wasnt a exit? buyers is there at that time and is that not time to exit?

I would have exited as well. I am waiting for Strat's answer.

and here in gbpcad is not consolidation?? dont you/we need trends?

No. We do not always need trends. That is the superb thing about Strat's strategy - it works in all kinds of market structures. Basic PASR can be applied for example, when the Strat Shadow is flat or when PRICE is in consolidation - both can be seen in his trade. Maybe his target was the bottom of the range and he decided to stay in for some longer time, as PRICE structure went in his favor (big red candle at #2).

Attached Image (click to enlarge)
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Accept the risk!
  • #10,323
  • Feb 10, 2019 2:06pm Feb 10, 2019 2:06pm
Quoting TerryDawe
GBPJPY is currently at BRN 142 with a doji printing last Thursday. Watching for PA at this level for the break of the doji either way. The H4 did print a BEEB on Thursday so may take an entry a few pips below this bar. There is only 70 pips to first H4 support at BRN 141. At that level, with PA the next target would be BRN 140. So even though entry would be on H4, the trade would be managed on the daily time frame, which does have a lot of room to the downside. Good confluence with shadow and 200ema. The Yen does appear to be strengthening based...
Let me try my analysis on GBPJPY.

BB:

  1. overall trend is down
  2. Strat Shadow red
  3. Price rejected by 144.83ish level since 4 months

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYMonthly.png Size: 72 KB


B:

  1. immediate trend is down
  2. BUT: confirmed swing low with bar starting at week 13.01.2019 - so we are still in an intermediate up swing
  3. last week price rejected off the Strat Shadow top
  4. we COULD be in a down swing - but as of yet it is unconfirmed

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYWeekly.png Size: 70 KB


W:

  1. immediate trend is down
  2. PRICE consolidated before just above Strat Shadow top
  3. last candle PRICE closed below Strat Shadow

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 72 KB


H4:

  1. lots of consolidation between the Strat Shadow and the EMA200 - no clear direction
  2. strong buy candle with LOOONG tail couple of candles ago (Bond Hammer 7.2.2019 12:00)
  3. wait for PA to show us the way

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 56 KB


H1:

  1. woobledy wobbledy - not for me.

Attached Image (click to enlarge)
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What I also see is an opportunity to go long with Basic PASR on H1 from 142ish to 142.5ish (or EMA200), if PRICE closes above my SR at 142.068 and inside Strat Shadow.

So on this pair I am open for both directions.
Accept the risk!
  • #10,324
  • Feb 10, 2019 2:32pm Feb 10, 2019 2:32pm
Quoting Scrumy
{quote} Let me try my analysis on GBPJPY. BB: overall trend is down Strat Shadow red Price rejected by 144.83ish level since 4 months {image} B: immediate trend is down BUT: confirmed swing low with bar starting at week 13.01.2019 - so we are still in an intermediate up swing last week price rejected off the Strat Shadow top we COULD be in a down swing - but as of yet it is unconfirmed {image} W: immediate trend is down PRICE consolidated before just above Strat Shadow top last candle PRICE closed below Strat Shadow {image} H4: lots of consolidation...
Interesting analysis, but always remember that the Strat Shadow generally has us in the proper position for a move. There really does not seem to be anything indicating a move up, although since price is around that BRN, we may consolidate for a while within that WCC. Important to wait and watch for supply/demand to work its way out and show us the way.
  • #10,325
  • Feb 10, 2019 4:37pm Feb 10, 2019 4:37pm
Quoting forexdg
hi strat and all please alow me ask a few questions Quoting strat {image} {image} big hammer wasnt a exit? buyers is there at that time and is that not time to exit? Quoting strat {image} {image} and here in gbpcad is not consolidation?? dont you/we need trends?
please allow me ask a few questions

Why? You are just taking a SHORT CUT straight to M5 PASR Trend Trading instead of reading, learning and understanding THE PATH by reading from Post 1 on here https://www.forexfactory.com/showthread.php?t=155459

Had you done this, like all the other SERIOUS PASR traders, you would already know the answers.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,326
  • Feb 10, 2019 4:37pm Feb 10, 2019 4:37pm
Quoting Scrumy
{quote} That looks correct to me, all in weekly control candles. What's your plan for them though? I have only a plan for EURJPY WCC Bar(5) - massive 780 Pips! - now. BB: 4 months of selling PRICE below Strat Shadow last month printed a big Hammer(Depth Gauge) but due to that post ("That Hammer is telling you LOTS of information - go back and study DEPTH GAUGES") here I need to read a bit more. Still confused what is a Hammer/Shooting Star compared to what is a Depth...
To differentiate depth gauge and hammer, depth gauge are out-of-place/abnormally long hammer candle on worker chart(depend on which TF you trade on). As usual, it happen more often on lower TF, but its the first time for quite a long while for daily. You can expect an SR when price is around the tip of the long wick.
Hope this would help.

Quoting JCMPete
NzdUsd Analysis For background purposes - my intention is to identify Boss swings and then to primarily trade the Boss Swings in the direction of the Big Boss Immediate Trend using the worker to enter trades at suitable PASR. Big Boss: Overall the trend is down with Strat Shadow negative. The immediate trend is up but for the last three months price is being held at the Strat Shadow resistance. Boss: Strat Shadow negative, Confirmed Swing High in place at top of Strat Shadow. BEEB straddles Strat Shadow. Worker: Overall all three time frames look...
BB immediate trend is kind of directionless right now as price doesn't really close above or below that area.
Also note that you might really want to know where price is relative to SR for all three chart.

Quoting forexdg
hi strat and all please alow me ask a few questions Quoting strat {image} {image} big hammer wasnt a exit? buyers is there at that time and is that not time to exit? Quoting strat {image} {image} and here in gbpcad is not consolidation?? dont you/we need trends?
Here is my understanding, when that gravestone doji first appear, it show the sign of buyer exist around there. However, trend often could cut through SR like a knife to butter. Until the second attempt to test the SR again, so its confirmed that it is enough buyer to stop the trend. (also it could be due to TP isn't trigger due to spread, so it only trigger the second time when price overshoot a littler of SR, only Strat know which one is it).
Addon to what Scrumy said, I think that is continuation of trend. When price hit SR, price often pause abit causing ranging or consolidation. When price stop ranging, it could just continue the trend (or reversal).

Quoting Scrumy
{quote} Here is my analysis on GBPNZD. Hint: do a screenshot for your analysis for every Timeframe and begin with the Big Boss. Some other comments: we use 20 and 72 as EMAs for the Strat Shadow nowadays Fibos aren't that much used anymore Volume is not considered by Strat (anymore) It looks like you are on the path - but still very early on the old thread. Is that correct? BB: 3 months of buying, after big sell off in November immediate trend is up {image} B: WCC since 1 week swing high confirmend since week starting 27.01.2019, so we are in a...
Fib is still being use provide that one understand what is it for. Though I don't think dashurry draw it correctly.
  • #10,327
  • Feb 10, 2019 4:54pm Feb 10, 2019 4:54pm
Quoting Scrumy
{quote} big hammer wasnt a exit? buyers is there at that time and is that not time to exit? I would have exited as well. I am waiting for Strat's answer. and here in gbpcad is not consolidation?? dont you/we need trends? No. We do not always need trends. That is the superb thing about Strat's strategy - it works in all kinds of market structures. Basic PASR can be applied for example, when the Strat Shadow is flat or when PRICE is in consolidation - both can be seen in his trade. Maybe his target was the bottom of the range and he decided...
I would have exited as well. I am waiting for Strat's answer.

Scrumy, that candle was not a ""big hammer"" as the SHORT CUT guy stated, it was a dragonfly doji. That candle was full blown RED until the dying seconds where profit taking took place leaving me no time to exit until the next candle.

Maybe his target was the bottom of the range and he decided to stay in for some longer time, as PRICE structure went in his favor (big red candle at #2).

Spot on Scrumy, well done, unlike him, you are doing good!
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,328
  • Feb 11, 2019 12:06am Feb 11, 2019 12:06am
DAX looks interesting

BOSS:
Dive! Dive! Dive! Iceberg Ahead!
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 30 KB



WORKER:
Jawohl mein kapitein!
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 31 KB
  • #10,329
  • Feb 11, 2019 12:29am Feb 11, 2019 12:29am
Quoting Scrumy
{quote} Let me try my analysis on GBPJPY. BB: overall trend is down Strat Shadow red Price rejected by 144.83ish level since 4 months {image} B: immediate trend is down BUT: confirmed swing low with bar starting at week 13.01.2019 - so we are still in an intermediate up swing last week price rejected off the Strat Shadow top we COULD be in a down swing - but as of yet it is unconfirmed {image} W: immediate trend is down PRICE consolidated before just above Strat Shadow top last candle PRICE closed below Strat Shadow {image} H4: lots of consolidation...
Take into consideration that you are inside a WCC. Maybe plan around that until it closes outside of it
  • #10,330
  • Feb 11, 2019 2:27am Feb 11, 2019 2:27am
Quoting Scrumy
{quote} big hammer wasnt a exit? buyers is there at that time and is that not time to exit? I would have exited as well. I am waiting for Strat's answer. and here in gbpcad is not consolidation?? dont you/we need trends? No. We do not always need trends. That is the superb thing about Strat's strategy - it works in all kinds of market structures. Basic PASR can be applied for example, when the Strat Shadow is flat or when PRICE is in consolidation - both can be seen in his trade. Maybe his target was the bottom of the range and he decided to stay...
If I may add something.

Consolidation was a pause in downtrend, price 4 times tried to break up but failed. There were nothing else to do than short it when favorable PA occurred.

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  • #10,331
  • Feb 11, 2019 6:36am Feb 11, 2019 6:36am
1min Bootcamp

Had a go with both 1min and 5min chart practice. It kind of show the good, the bad, the ugly and more uglies of me.


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(0) Sitting in front of choppy 5min charts for almost an hour, get bored and decide to do some 1 min practice instead. Found this pair doing the same fractal chart pattern so decide to use my 2nd laptop screen for following it.

(1) Confirm the price is going down, but wanting to look for easier trade so I waited for pull back.

(2) First simple entry, but I screw up my SL.

(3) After SL hit, I spent too much time thinking about the proper SL but forget that I should've been reentering.

(4) Another simple entry. However, this time I am not gonna screw up my SL. I entry every PA that I see.

(5) Found that I entry way too many times, so I stopped my entries even when I see potential entries.

(6) My parents call me for Chinese New Year dinners. Should've exited the double bottom with BUOB, or triple bottom but getting distracted. (Definitely not making things happen for this behavior)

(7) Confirmation of down trend ending, need to catch up with my parents.

If I was able to stay, I wonder how will I be doing with this upcoming trend. Gonna try to do these daily, but how consistent will I be?

Attached Image (click to enlarge)
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5min Bootcamp

Again, only trying to look for simple entry. Happen around the same time, kind of early exit at the moment I did it due to the same interruption call. However, double doji on 200ema confluence support is kind of legit. Only tiny 4.4pip tho, if considering spread, I think it doesn't even worth anything.

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  • #10,332
  • Feb 11, 2019 7:15am Feb 11, 2019 7:15am
Quoting Szpons
{quote} If I may add something. Consolidation was a pause in downtrend, price 4 times tried to break up but failed. There were nothing else to do than short it when favorable PA occurred. {image}
Consolidation was a pause in downtrend, price 4 times tried to break up but failed. There were nothing else to do than short it when favorable PA occurred.

Exactly! Well done, Szpons

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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,333
  • Feb 11, 2019 7:23am Feb 11, 2019 7:23am
Finally I know that a sore thumb is not only caused by missing the nail with a hammer! Cable, M5.
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Fix up, trade sharp ...
  • #10,334
  • Feb 11, 2019 7:48am Feb 11, 2019 7:48am
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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,335
  • Feb 11, 2019 8:08am Feb 11, 2019 8:08am
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,336
  • Feb 11, 2019 8:10am Feb 11, 2019 8:10am
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,337
  • Feb 11, 2019 8:12am Feb 11, 2019 8:12am
Quoting huatzhi
1min Bootcamp Had a go with both 1min and 5min chart practice. It kind of show the good, the bad, the ugly and more uglies of me. {image} (0) Sitting in front of choppy 5min charts for almost an hour, get bored and decide to do some 1 min practice instead. Found this pair doing the same fractal chart pattern so decide to use my 2nd laptop screen for following it. (1) Confirm the price is going down, but wanting to look for easier trade so I waited for pull back. (2) First simple entry, but I screw up my SL. (3) After SL hit, I spent too much...
Keep doing this huatzhi, you are learning more about yourself as a trader each time you do it.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,338
  • Feb 11, 2019 9:03am Feb 11, 2019 9:03am
Looking for Worker PA setting up under Strat Shadow to test Boss and Big Boss support. Waiting.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 47 KB
Fix up, trade sharp ...
  • #10,339
  • Feb 11, 2019 11:46am Feb 11, 2019 11:46am
Quoting Scrumy
{quote} That looks correct to me, all in weekly control candles. What's your plan for them though? I have only a plan for EURJPY WCC Bar(5) - massive 780 Pips! - now. BB: 4 months of selling PRICE below Strat Shadow last month printed a big Hammer(Depth Gauge) but due to that post ("That Hammer is telling you LOTS of information - go back and study DEPTH GAUGES") here I need to read a bit more. Still confused what is a Hammer/Shooting Star compared to what is a Depth...
Short term plan didn't work out. Cancelled the sell stop order.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1Update.png Size: 62 KB


Edit: this was the plan

Attached Image (click to enlarge)
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Accept the risk!
  • #10,340
  • Feb 11, 2019 4:47pm Feb 11, 2019 4:47pm
Quoting Scrumy
{quote} Short term plan didn't work out. Cancelled the sell stop order. {image} Edit: this was the plan {image}
If one pair you found you're late, there is probably new trend going to start or starting on some other pairs. This looks like a FOMO trade to me.
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