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Strat's PASR Long Term, Stress Free Trading

  • #10,481
  • Feb 22, 2019 8:18am Feb 22, 2019 8:18am
Quoting strat
{quote} You can't beat a quickie Basic PASR before greasy Fish n Chips, Nathan! I hope you had mushy peas and curry sauce too! (how I miss them)
Just mushy peas!

GBPAUD M5

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Let's see if it trots back up for PST time..

Nice to get a run, had a few scrappy starts on M5 this week.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #10,482
  • Feb 22, 2019 12:21pm Feb 22, 2019 12:21pm
Quoting BeyondTheSea
{quote} Just mushy peas! GBPAUD M5 {image} Let's see if it trots back up for PST time.. Nice to get a run, had a few scrappy starts on M5 this week.
GBPAUD M15

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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #10,483
  • Feb 23, 2019 1:49am Feb 23, 2019 1:49am
GBPUSD Worker

This one closed out with a protective stop where I was looking to take profit anyway.

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Looking good for 1.40 but who knows with the GBP circus right now?
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #10,484
  • Feb 23, 2019 2:05am Feb 23, 2019 2:05am
NZDJPY

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What do you reckon, Rub?
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #10,485
  • Feb 23, 2019 2:11am Feb 23, 2019 2:11am
[quote=JCMPete;12026344]
Quoting BeyondTheSea
USDCAD Sore thumb.. USDCAD Sore thumb.. Hi BTS Agreed.... and just stepping away from the highway a bit... Regards Pete {image} {image}
Potentially, seems to be warming up a bit..
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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #10,486
  • Feb 23, 2019 9:33am Feb 23, 2019 9:33am
EURNZD

Hi all, as I keep on practicing f12 and reading the old thread, here is my view on EUR/NZD (comments are much appreciated):

BB - in a down trend, price below the shadow, reacting to support on 1.6331

B - long term trend seems to be turning bearish as indicated by the red shadow. Primary trend is bearish but this week confirmed last week as WCC. Price has bounced of the shadow and has not made a LL yet. Indecision, I would like to see some more bearish confirmation.

W - Price bounced from the strat shadow but there is strong support below, a short here would be less than 1:1 RR (also on H4) on my view.

Overall seems like price is bearish, but it could also become a range inside 1.6331 and 1.7128 if there was very strong PA on support. I wait for now.

Pete, are you looking for a break of 1.6331 to go short, or PA breaking outside of the triangle would be enough (to either short or buy)?

Regarding timeframe choices, would it be a matter of choosing the timeframe of action beforehand, the Daily, for example, and purposefully ignoring everything below it?

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best
peter
  • #10,487
  • Feb 24, 2019 9:03am Feb 24, 2019 9:03am
EOW Analysis:

  1. All pairs within WCC except the following:
  2. USDJPY
  3. CADJPY
  4. EURCAD
  5. AUDCAD
  6. GOLD for those following it

  1. Of those pairs within a WCC there are some opportunities:
  2. EURUSD has printed three consecutive dojis at the top of the WCC and at the bottom of the shadow
  3. EURNZD bearish bar closed below shadow
  4. GBPUSD BUEB rejected by shadow
  5. AUDNZD BEOB followed by another bearish bar both being rejected by shadow bottom
  6. USDCAD BEOB being rejected by shadow bottom
  7. AUDJPY BEOB straddle followed by IB (however back within shadow)
  8. AUDUSD BEOB straddle followed by IB being rejected by shadow (Boss doji last week)

Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURNZDDaily.png Size: 57 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 46 KB
Click to Enlarge Name: AUDNZDDaily.png Size: 48 KB
Click to Enlarge Name: USDCADDaily.png Size: 52 KB
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  • #10,488
  • Feb 24, 2019 9:15am Feb 24, 2019 9:15am
Quoting TerryDawe
EOW Analysis: All pairs within WCC except the following: USDJPY CADJPY EURCAD AUDCAD GOLD for those following it Of those pairs within a WCC there are some opportunities: EURUSD has printed three consecutive dojis at the top of the WCC and at the bottom of the shadow EURNZD bearish bar closed below shadow GBPUSD BUEB rejected by shadow AUDNZD BEOB followed by another bearish bar both being rejected by shadow bottom USDCAD BEOB being rejected by shadow bottom AUDJPY BEOB straddle followed by IB (however back within shadow) AUDUSD BEOB straddle followed...
Very helpful, Terry, thank you
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,489
  • Feb 24, 2019 9:19am Feb 24, 2019 9:19am
Quoting BeyondTheSea
{quote} GBPAUD M15 {image}
Buying the New York pull back against London eh - very smart
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,490
  • Feb 24, 2019 9:21am Feb 24, 2019 9:21am
Quoting TerryDawe
I have been struggling with my trading due to constantly scrolling through all time frames and getting totally confused and bogged down. Strat suggested that I pick a time frame and focus on it and only it, maybe one time frame below that one. Thanks very much for the guidance Strat. I have decided to focus on the Daily with some views on H4 and H1. First trade taken on EURNZD Daily time frame yesterday with PA signal of BUEB closing above inside bar high. I set my target at resistance at bottom of the Strat Shadow. I manually closed the trade this...
I manually closed the trade this morning with target hit for approximately 90 pips.

Good job, Terry - stress free and confidence building
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,491
  • Feb 24, 2019 9:23am Feb 24, 2019 9:23am
Quoting TerryDawe
Having decided to focus on Daily time frames, I am posting a trade I took two days ago which shows my indecision and lack of confidence. I had entered short the NZDCAD on PA signal bar which closed below the daily inside bar. Initially price was going against me and due to my lack of confidence I closed the trade below my stop. It is clear that the trade was a good one and had I let it go I would still be in profit and moving down. Valuable lesson learned. {image} {image}
It is clear that the trade was a good one and had I let it go I would still be in profit and moving down. Valuable lesson learned.

We have all been there and done that. It's all about the thousands of hours trading thousands of charts, Terry
.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,492
  • Feb 24, 2019 9:26am Feb 24, 2019 9:26am
Quoting JCMPete
{quote} Hi Huatzhi True, and I agree with you. Which is why my comment was that i should have got out the first time that price hit SR but I was hoping for more instead of following the rules. I was very lucky, look what happened today... Regards Pete {image}
I was hoping for more

Come on, Pete, you have read it enough times - Wishing, Hoping and Praying have nothing to do with trading PASR. We trade what we see NOW and, more important, what the Market gives us.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,493
  • Feb 24, 2019 9:30am Feb 24, 2019 9:30am
Quoting TerryDawe
{quote} Yesterday's worker candle and when dropping to H4 the large bullish candle was yelling something at us. {image} {image}
Yesterday's worker large bullish candle was yelling something at us.

"Look at me - from Support to Resistance all in 24 hours!"
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,494
  • Feb 24, 2019 9:32am Feb 24, 2019 9:32am
Quoting JCMPete
{quote} Just thought of another thing.... I think this is where surfing the time frames does me in...which one??? and each one will have a result....binary...Yes or No...Time Frames and Price...Yes / No /Maybe... God help the indicator crowd... Stick to the Road Map Pete! The PASR lamp shows the way! Sorry, self induced pep talk!! Regards Pete {image} {image} {image} {image}
I think this is where surfing the time frames does me in...which one???

That's what screwed Terry up, Pete - don't go down that road - choose your trading time frame and stick to it and don't be swayed by what others are doing on other time frames
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,495
  • Feb 24, 2019 9:33am Feb 24, 2019 9:33am
Quoting Fxentropy
Some late trades {image} {image} {image}
I mus be a DOPE as well!
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,496
  • Feb 24, 2019 9:36am Feb 24, 2019 9:36am
Quoting Szpons
{quote} I've closed my positon in gold on Wednesday morning. Price was near my 1350 target (determined by Big Boss) and I knew I would not be comfortable with wobbling. It looks It was a good place to end so far... {image}
Excellent, you did very good.

Now take it further and read and re-read Dr. Joe to understand how you could have QUINTUPLED your PROFITS
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,497
  • Feb 24, 2019 9:39am Feb 24, 2019 9:39am
Quoting Fxentropy
{quote} When I am trading like in your example no.2 I don't take full positions, as I want to keep adding until I meet a full position and I will trade the bucket of trades as being just one with SL at some moment - depending on the amount of $ I want to risk (or hedge, but I will not explain that here). I was pretty sure that that particular level will hold because there is previous support and also, the time of day favored my trade. It's low probability setup, and even if I have success on it, I am rarely filled in full position to really matter...
Plus your smaller "Scout" position sizes allow you to hold through draw down which is difficult for many to do - especially me!
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,498
  • Feb 24, 2019 9:42am Feb 24, 2019 9:42am
Quoting JCMPete
{quote} Hi Strat This is looking at it from a 4 Hour perspective. My original perspective and intent was trading the weekly swing on the daily but before we get there I need to step back a bit... Big Boss: Strat Shadow positive. Retracement on go back to Strat Shadow. No PA as yet on Strat Shadow or Support indicating that the upward trend is resuming. Boss: Strat Shadow postive. Confirmed high in place and retracement back to Strat Shadow and a big wobble ending in a WCC when price hit the Strat Shadow and now within Strat Shadow within WCC. Primary...
Pete, your charts don't show the time frame which is why I asked.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,499
  • Feb 24, 2019 9:45am Feb 24, 2019 9:45am
Quoting huatzhi
{quote} Thanks bistolis for comment. I will be aware of those from now on, hopefully I don't forget about these again. {quote} Alright, avoid initial entry on large candle. Why would you sell after a Hammer? Was gonna answer until I restudy the chart. It is just plain bad. I need to practice more and not throwing basics of PASR out of the window when doing it. It feel like its something that I already known but it practically doesn't sink in brain enough that it just lost. {quote} How do you SEE PRICE behaving relative to the 200? This? I am not...
M1 Bootcamp

This is much better! Keep doing more - the more you do (thousands of hours trading thousands of charts), the better you become.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,500
  • Feb 24, 2019 9:49am Feb 24, 2019 9:49am
Quoting huatzhi
{quote} Hi Pete, Here just my view. It could go further down, but then even if it does, then you are not trading Basic PASR anymore. Basic PASR is just trade from one SR to another SR.
It could go further down, but then even if it does, then you are not trading Basic PASR anymore.

Basic PASR is just trade from one SR to another SR.

Exactly!

This is how Basic PASR leads into Swing PASR which leads into Trend PASR - you are never alone with PASR
15 YEARS OF PASR ON FOREX FACTORY!
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