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Strat's PASR Long Term, Stress Free Trading

  • #10,341
  • Feb 11, 2019 10:58pm Feb 11, 2019 10:58pm
Quoting BeyondTheSea
{quote} Tricky one for me Pete. I'm more inclined to look for a BASIC PASR buy depending what gives. Boss swings on this pair never seem to line up for me with it seeming too choppy to trade them without enough RR. {image}
Thank you for the comment BTS.Lets see what PASR brings us.

Regards
Pete
  • #10,342
  • Feb 11, 2019 11:56pm Feb 11, 2019 11:56pm
Who else is watching with interest?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDDaily.png Size: 53 KB
  • #10,343
  • Feb 12, 2019 12:00am Feb 12, 2019 12:00am
Quoting BeyondTheSea
{quote} Tricky one for me Pete. I'm more inclined to look for a BASIC PASR buy depending what gives. Boss swings on this pair never seem to line up for me with it seeming too choppy to trade them without enough RR. {image}
I think both directions right now is dangerous...

Im looking it too but i see this 2 things:

Short Bias (In my point of view more powerful):

BEEB Boss Swing is Confirmed Down, from StratShadow and Resistance.

The Short start from Worker/Lower TimeFrame PASR

Now we are at the zone of their TakeProfits but still with Power of Long Term Trades (Boss Swing Down)

The Problem is that we are at Support from the new HL HH... We are at Support of that HL, right now double bottom...

Buy Bias (In my point of view, weak)

The Good Thing is we are at support but...

Support LL, LH, HL and Double Top with a Resistance BEEB of BossChart.
The Support Boss Chart HL is not that powerful if that HL is from a Uptrend.

Now in Worker, the buyers are trying to push up the price but the sellers still in there... The close of Workers is lower each time.. Sellers still winning..

The only buy time for me is in Lowertimeframe with Worker going up.
  • #10,344
  • Feb 12, 2019 12:18am Feb 12, 2019 12:18am
Quoting JCMPete
NzdUsd Analysis For background purposes -... Boss: Strat Shadow negative, Confirmed Swing High in place at top of Strat Shadow. BEEB straddles Strat Shadow. ..

Pete,

apparently Boss swing high not confirmed yet.because the Bar not yet taken out the LOW

Attached Image (click to enlarge)
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p.s. ohh sorry mistake.forget this.read the candle wrongly. its confirmed swing high.
Focus, Patience, Discipline, Determination and Perseverance
  • #10,345
  • Feb 12, 2019 3:50am Feb 12, 2019 3:50am

GBPAUD 5 minute bootcamp 12-feb-2019


Everyone knows the deal by now I'm sure. Charts are showing where I draw the support and resistance from on H4, H1, then my 5 minute chart.

 

  1. Sold close below strat shadow and support, with solid bearish bar. Stop near last high.
  2. Close below recent lows, making a new low, although looking at it I have sold into the 50 middle number.
  3. 1&2 taken out for a slight profit on 1, and break even on 2. Price kept being smashed down in the consolidation and creeping up, so I was holding for a break below support.

Calling it a night with a few candles left before my usual finish time, it's been a long day and I'm not inclined to sit up late to watch the trade if something comes up. I'm ok with tonight's work, felt like I should've closed out earlier in the consolidation. Overall profitable though so not going to complain!

P.s. as I typed this price has formed a fantastic short signal (not on my chart, picture taken before writing this up). That's the way things go I suppose.

Attached Image(s) (click to enlarge)
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  • #10,346
  • Feb 12, 2019 7:14am Feb 12, 2019 7:14am
Desire: Working on improvement

Chart: GBPUSD M5

HLs and big bars pressing back against broken support indicate buyers have not given up yet (well, it was my interpretation)

Entry on support + Strat Shadow take out, Exit at resistance. SL below Shadow. Was lucky the momentum came in so fast. Trade not really ideal in my view: Counter trend! Overall, not happy with the trading day, although profitable.
Attached Image (click to enlarge)
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Fix up, trade sharp ...
  • #10,347
  • Feb 12, 2019 10:41am Feb 12, 2019 10:41am
Quoting HappyTrend
{quote} I think both directions right now is dangerous... Im looking it too but i see this 2 things: Short Bias (In my point of view more powerful): BEEB Boss Swing is Confirmed Down, from StratShadow and Resistance. The Short start from Worker/Lower TimeFrame PASR Now we are at the zone of their TakeProfits but still with Power of Long Term Trades (Boss Swing Down) The Problem is that we are at Support from the new HL HH... We are at Support of that HL, right now double bottom... Buy Bias (In my point of view, weak) The Good Thing is we are at...
I agree. There are easier pairs to choose from.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #10,348
  • Feb 12, 2019 10:46am Feb 12, 2019 10:46am
Quoting Hickson
Desire: Working on improvement Chart: GBPUSD M5 HLs and big bars pressing back against broken support indicate buyers have not given up yet (well, it was my interpretation) Entry on support + Strat Shadow take out, Exit at resistance. SL below Shadow. Was lucky the momentum came in so fast. Trade not really ideal in my view: Counter trend! Overall, not happy with the trading day, although profitable. {image}
Good exit!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #10,349
  • Feb 12, 2019 10:47am Feb 12, 2019 10:47am
GBPCAD M5

Attached Image (click to enlarge)
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Had a bit of chart time today. Two nice little trades..
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #10,350
  • Feb 12, 2019 1:25pm Feb 12, 2019 1:25pm
Quoting Hickson
Desire: Working on improvement Chart: GBPUSD M5 HLs and big bars pressing back against broken support indicate buyers have not given up yet (well, it was my interpretation) Entry on support + Strat Shadow take out, Exit at resistance. SL below Shadow. Was lucky the momentum came in so fast. Trade not really ideal in my view: Counter trend! Overall, not happy with the trading day, although profitable. {image}
Nicely done, I probably would not have traded that at all. It'd already had a decent move.

Quoting BeyondTheSea
GBPCAD M5 {image} Had a bit of chart time today. Two nice little trades..
Nice easy trading with the trend. Are you still just taking bites of the trend?



Keeping an eye on NZDCAD today, and the EURUSD chart I posted last night is tempting too.
Attached Image (click to enlarge)
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  • #10,351
  • Feb 12, 2019 2:23pm Feb 12, 2019 2:23pm
Quoting Rub
{quote} Nicely done, I probably would not have traded that at all. It'd already had a decent move. {quote} Nice easy trading with the trend. Are you still just taking bites of the trend? Keeping an eye on NZDCAD today, and the EURUSD chart I posted last night is tempting too. {image}
Second GBPCAD setup of BeyondTheSea looked like a sore thumb ... stress free trade. True with GBPUSD, it was not the best setup for me. Only the RR made up for it and the PA that hinted another test of R might be in the cards after it stopped going down and started going up again from S. Maybe that seems like clever sounding blabla after the facts, but that is what I saw when I took the trade.

Not trading NZDCAD, but highly interested in daily close at your EURUSD to see what the PA at longterm S is like.
Fix up, trade sharp ...
  • #10,352
  • Feb 12, 2019 2:48pm Feb 12, 2019 2:48pm
Quoting Rub
{quote} Nicely done, I probably would not have traded that at all. It'd already had a decent move. {quote} Nice easy trading with the trend. Are you still just taking bites of the trend? Keeping an eye on NZDCAD today, and the EURUSD chart I posted last night is tempting too. {image}
Hi Rub

Yes, I just had a few hours while doing the other job on the other laptop keeping an eye on the charts. I've learned that if I concentrate too hard on trading it goes down the sink fast!

Have to say though it's taken many hours of screen time to get the pressure off my back and getting to the point that taking a couple of 20 pip consecutive trades over and over after the GBP London fakeout is better for me than holding out for the few home runs.
I'm making plans to trade regularly in the morning GMT session in about two months time so I can get some consistency like Strat does during his mornings across the pond.

All part of the grand plan, my friend!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #10,353
  • Feb 13, 2019 3:35am Feb 13, 2019 3:35am

GBPAUD 5min boot camp 13-feb-2019

Same as usual, vertical line for London open, horizontal lines to show support and resistance. I'm aware there is GBP news about 1.5 hours into the session. So, onwards!

 

  1. Rejection of strat shadow, small doji, and in continuation of the European open. Stop is below previous low, set early in the previous hour, and was hit the next bar.
  2. Much better entry I should've waited for in the first place. Almost hit my stop about 15 minutes after entry. Exit for a couple of pips loss after a big down candle.

Not really a good night for trading, probably everyone waiting for the news release I'm guessing. ended up calling it done halfway through the candle marked news, I'm not really interested in staying up later waiting for it to die down.
So a couple of small losses in the end. Comments welcome.

Attached Image(s) (click to enlarge)
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  • #10,354
  • Feb 13, 2019 4:08am Feb 13, 2019 4:08am
Quoting Rub
GBPAUD 5min boot camp 13-feb-2019 Same as usual, vertical line for London open, horizontal lines to show support and resistance. I'm aware there is GBP news about 1.5 hours into the session. So, onwards! Rejection of strat shadow, small doji, and in continuation of the European open. Stop is below previous low, set early in the previous hour, and was hit the next bar. Much better entry I should've waited for in the first place. Almost hit my stop about 15 minutes after entry. Exit for a couple of pips loss after a big down candle. Not really a good...
Hi
Attached Image (click to enlarge)
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Blue box is classic London Open volatility for me
there are SR all around and strat shadow flat. I would switch to the next chart. Nothing much going in this chart at that point, before CPI news.
  • #10,355
  • Feb 13, 2019 6:38am Feb 13, 2019 6:38am
Quoting Rub
{quote} That looks correct to me, all in weekly control candles. What's your plan for them though? {quote} Thanks Pete. There could be an "ATM" trade in it but I don't think there's much more than a 1:1 R:R anywhere soon. Probably best to leave it for now or trade on a lower time frame. {quote} I am inclined toward price will follow the trend on boss and continue down following the price action. The weekly control candle doesn't mean quite as much in this instance. I like to think of it as an easy way of identifying and labeling consolidation. {quote}...
Rub, EURNZD go short, but was hard to catch
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  • #10,356
  • Feb 13, 2019 8:51am Feb 13, 2019 8:51am
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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,357
  • Feb 13, 2019 8:59am Feb 13, 2019 8:59am
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,358
  • Feb 13, 2019 9:02am Feb 13, 2019 9:02am
Quoting strat
{image}

Hello Strat, in your trading time (morning) you always have 2.6 of spread avarage?

I want to try to intraday but i dont know.. the spread dont convince me for trade it.
  • #10,359
  • Feb 13, 2019 9:20am Feb 13, 2019 9:20am
Quoting HappyTrend
{quote} Hello Strat, in your trading time (morning) you always have 2.6 of spread avarage? I want to try to intraday but i dont know.. the spread dont convince me for trade it.
The spread is insignificant compared to the $ earned!
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,360
  • Feb 13, 2019 9:25am Feb 13, 2019 9:25am
Quoting Rub
GBPAUD 5min boot camp 13-feb-2019 Same as usual, vertical line for London open, horizontal lines to show support and resistance. I'm aware there is GBP news about 1.5 hours into the session. So, onwards! Rejection of strat shadow, small doji, and in continuation of the European open. Stop is below previous low, set early in the previous hour, and was hit the next bar. Much better entry I should've waited for in the first place. Almost hit my stop about 15 minutes after entry. Exit for a couple of pips loss after a big down candle. Not really a good...
Ben, when the Strat Shadow is flat then just trade Basic PASR.
15 YEARS OF PASR ON FOREX FACTORY!
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