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Strat's PASR Long Term, Stress Free Trading

  • #10,541
  • Feb 26, 2019 1:22pm Feb 26, 2019 1:22pm
Quoting strat
{quote} 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
hi Strat
Idont understand why its so good this chart
flat Strat shadow with price under and structure is l-h-ll what means downtrend is hapenin now andprice under 200 ema
why its good to buy when every thing scream sell??????
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  • #10,542
  • Feb 26, 2019 3:54pm Feb 26, 2019 3:54pm
Quoting forexdg
{quote} hi Strat Idont understand why its so good this chart flat Strat shadow with price under and structure is l-h-ll what means downtrend is hapenin now andprice under 200 ema why its good to buy when every thing scream sell?????? {image}
You're just focusing on the workers, look at the Boss and BigBoss.
  • #10,543
  • Feb 26, 2019 4:57pm Feb 26, 2019 4:57pm
Quoting forexdg
{quote} hi Strat Idont understand why its so good this chart flat Strat shadow with price under and structure is l-h-ll what means downtrend is hapenin now andprice under 200 ema why its good to buy when every thing scream sell?????? {image}
Just check out the shadow............This is what you should be looking for to get in at the start of a strong move
  • #10,544
  • Feb 26, 2019 6:01pm Feb 26, 2019 6:01pm
Quoting forexdg
{quote} hi Strat Idont understand why its so good this chart flat Strat shadow with price under and structure is l-h-ll what means downtrend is hapenin now andprice under 200 ema why its good to buy when every thing scream sell?????? {image}
downtrend is happening now and price under 200 ema why its good to buy when every thing scream sell??????

Mark up on this chart where you think ""downtrend is happening now"" and where ""every thing scream sell""
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,545
  • Feb 27, 2019 2:04am Feb 27, 2019 2:04am
hello Strat....can you please explain how the idea of the BOSS 20 and 50 being in harmony/sync with each other, then waiting for the Worker 20 and 50 to turn in the same direction works with the bar reversal we should be looking for, as if the BOSS 20 and 50 are sloping down we are not really looking for trades which are in the direction of the BOSS 20 and 50 and the Worker 20 and 50 direction (reversal bars, PA) as we are technically looking for trades in the opposite direction from what the BIG BOSS, BOSS and WORKER is telling us......hope this makes sense.....
If at first you don't succeed, try, try again.
  • #10,546
  • Feb 27, 2019 4:04am Feb 27, 2019 4:04am

GBPNZD m5 bootcamp 27feb2019


Everyone should know the deal by now. Logging in it seems pretty clear I should be looking for longs based on H4 down. I will trade from London open to about 10am London time.

 

  1. Close above resistance, stop below the candle low. Stopped out, never quite got into any profit.
  2. Reentry for similar reasons, and rejection of strat shadow. Stop below the recent low. Closed with a failure to close higher.

Calling it done price has been bumping around the same area for the last hour after a quick run up and I need to get some sleep for work. I don't see any entries that were safe to take after London open other than the ones I took. Anyone?

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  • #10,547
  • Feb 27, 2019 4:31am Feb 27, 2019 4:31am
Quoting strat
{quote} There is an earlier indication of the sellers' intent to close out their positions.
Hello all,

about Strat's hint There is an earlier indication of the sellers' intent to close out their positions. I would say that the candle marked at No. 1 in the chart is already a reason to exit the trade. Large tail, small wick, sellers getting out their positions and bulls getting long.

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Agree?
Accept the risk!
  • #10,548
  • Feb 27, 2019 4:33am Feb 27, 2019 4:33am
Quoting LuisRicardo
{quote} You're just focusing on the workers, look at the Boss and BigBoss.
You're right, that was entry point for my plan
Flat shadow=range trading

Grey entry area, green potential profit
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  • #10,549
  • Feb 27, 2019 5:46am Feb 27, 2019 5:46am
Quoting Alesiosc
hello Strat....can you please explain how the idea of the BOSS 20 and 50 being in harmony/sync with each other, then waiting for the Worker 20 and 50 to turn in the same direction works with the bar reversal we should be looking for, as if the BOSS 20 and 50 are sloping down we are not really looking for trades which are in the direction of the BOSS 20 and 50 and the Worker 20 and 50 direction (reversal bars, PA) as we are technically looking for trades in the opposite direction from what the BIG BOSS, BOSS and WORKER is telling us......hope this...
Hi Alesiosc,

20 and 50
Not really, there are some adjustment along the way in the thread.

waiting for the Worker 20 and 50 to turn in the same direction
You can wait for that but not necessary.

as if the BOSS 20 and 50 are sloping down we are not really looking for trades
Slope give us some clue, but we do not trade the slope. We trade price action on support and resistance. Price action on support and resistance is what we are looking for around here.

So here is an example of what we are looking for (or at least I think).

GBPJPY

BB
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What is the direction? The price was moving side way, is currently showing that it is going up with the sore thumb of hammer on SR.
Where is the price relative to SR? it is on the Strat Shadow. If it keep moving up, the next telling is around 155.

B
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Is the B moving the same direction with BB? Yes currently. It confirmed turned into up swing start from candle (A).
Where is the price relative to SR? It is moving toward the next weekly SR, hitting soon. (also note that this is still in WCC)

Since BB and B are in the same direction, we can now start looking at Worker.

W
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Granted it does not give the easiest PA entry, I think there are a couple potential entries.
Trying to catch the price turning toward the direction of boss, and exit on next SR is the Basic PASR.
(Then we look for confluences of SR, but let's not get there right now. And there are other clues like Terry mentioned)


Those it getting quite abit harder on hard right edge to spot those.

Quoting bistolis
{quote} since you practise on London open, why dont you try the big 5 (GJ GU GC GN GA) and pick whatever looks best to trade on example (09:00 local time is London Open) {image}
I would like to, but I can't. I practice after I work, and London open 2 hours before my job end. By the time I reach home usually is at least 3 hours late.
Red dotted line was where I start to check on chart, around that time the GBP pairs' trend were turning into consolidation.

Quoting Scrumy
{quote} Hello all, about Strat's hint There is an earlier indication of the sellers' intent to close out their positions. I would say that the candle marked at No. 1 in the chart is already a reason to exit the trade. Large tail, small wick, sellers getting out their positions and bulls getting long. {image} Agree?
I would say it's the 2nd is the confirmation (or at least the time I was actually there to pick it up on hard right edge).

First hammer is the sign of potential, but a pull back will do. However, on 2nd mark, the seller stop selling around that area. It does not close below the 1 low. At least that's how I read it.

Quoting Rub
GBPNZD m5 bootcamp 27feb2019 Everyone should know the deal by now. Logging in it seems pretty clear I should be looking for longs based on H4 down. I will trade from London open to about 10am London time. Close above resistance, stop below the candle low. Stopped out, never quite got into any profit. Reentry for similar reasons, and rejection of strat shadow. Stop below the recent low. Closed with a failure to close higher. Calling it done price has been bumping around the same area for the last hour after a quick run up and I need to get some sleep...
I think you got the entry, but you did not stick around long enough for the trend to run. At least this is my opinion. It just turn into an hour of consolidation before continue moving.
  • #10,550
  • Feb 27, 2019 6:51am Feb 27, 2019 6:51am
M5 Bootcamp

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A short basic PASR trade for today. One of the easiest trade. Could have gone longer but I want to do more reading today. TP hit.
  • #10,551
  • Feb 27, 2019 7:43am Feb 27, 2019 7:43am
GBPAUD M5

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Calling it a day on this one..
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #10,552
  • Feb 27, 2019 8:56am Feb 27, 2019 8:56am
5M GBPNZD

Not a bad morning. Off to work. Three "kids" to ramrod through the day.


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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #10,553
  • Feb 27, 2019 9:06am Feb 27, 2019 9:06am
Still gas in the GBP tanks!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,554
  • Feb 27, 2019 9:10am Feb 27, 2019 9:10am
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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,555
  • Feb 27, 2019 9:11am Feb 27, 2019 9:11am
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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,556
  • Feb 27, 2019 9:12am Feb 27, 2019 9:12am
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And that's me done for the day!
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,557
  • Feb 27, 2019 9:16am Feb 27, 2019 9:16am
Quoting BeyondTheSea
GBPAUD M5 {image} Calling it a day on this one..
Calling it a day on this one..

It's a beautiful day..................as the song goes!
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,558
  • Feb 27, 2019 9:19am Feb 27, 2019 9:19am
M5 Bootcamp

Quoting huatzhi
M5 Bootcamp {image} A short basic PASR trade for today. One of the easiest trade. Could have gone longer but I want to do more reading today. TP hit.
A short basic PASR trade for today. One of the easiest trade. Could have gone longer but I want to do more reading today. TP hit.

That's the PASR way - well done, huatzhi
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,559
  • Feb 27, 2019 9:30am Feb 27, 2019 9:30am

Today is the 10 YEAR ANNIVERSARY of PASR on Forex Factory



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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,560
  • Feb 27, 2019 9:43am Feb 27, 2019 9:43am
Quoting strat
Today is the 10 YEAR ANNIVERSARY of PASR on Forex Factory {image}

Congratulations are in order. Not only with this thread going for ten years but also for putting up with this lot of characters.

Thanks again Strat. I will be forever grateful.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
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