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Strat's PASR Long Term, Stress Free Trading

  • #10,701
  • Mar 5, 2019 5:05pm Mar 5, 2019 5:05pm
Quoting strat
{quote} Thank you for all the good wishes and thanks on this 10 YEAR ANNIVERSARY of PASR on Forex Factory
Stay Blessed Strat! May you be a leading light for all of us for a few more decades!
  • #10,702
  • Mar 5, 2019 5:30pm Mar 5, 2019 5:30pm
Quoting Sachu
{quote} Hi Strat, Where do I find these F12 Exercises? Thanks and Kind regards. Sachu
Type F12 in the old threaf and you Will have all your answers.
  • #10,703
  • Mar 5, 2019 10:47pm Mar 5, 2019 10:47pm
I was good today. This morning GBPUSD showed a doji at support, testing the strat shadow, but I didn't enter a trade. Although I was tempted the BREXIT mess is rapidly hurtling toward a conclusion and I think it's best to stay out.
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  • #10,704
  • Mar 6, 2019 1:19am Mar 6, 2019 1:19am
Quoting Alesiosc
{quote} thanks Luis. i missed the hammer like bar in October 2016 on the BIG BOSS and the following 5 inside bars and also confirmation of the swing low on the monthly June 2017 bar. will certainly keep an eye on PA for longs with the possibility of a trend reversal already in place.....
Would someone be kind enough to confirm or reject my analysis of GBP/USD please.....
If at first you don't succeed, try, try again.
  • #10,705
  • Mar 6, 2019 1:47am Mar 6, 2019 1:47am
Quoting Alesiosc
{quote} Would someone be kind enough to confirm or reject my analysis of GBP/USD please.....
Looking at your charts:
Big boss has had a higher low at ~1.2720, currently in an upswing with next resistance ~1.3850. Strat shadow is red, but looking at the structure it's a low, high, higher low.
Boss: Structure is a confirmed higher low, week of 17feb2019, currently inside a weekly control candle, but testing the high. See what this week's close is like.
Worker produced a doji yesterday off the strat shadow and support, but is yet to follow through. Should be looking for longs in my opinion.

Don't think there's much wrong with your analysis, I try to pay attention to the highs and lows to see try to "see" the structure of the immediate trend and the longer term trend. So I see this as a longer term and shorter term uptrend, as big boss and boss are both doing higher lows/higher highs, but the big boss trend isn't confirmed yet.

EDIT: BUT would not be trading with the BEXIT shenanigans going on.
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  • #10,706
  • Mar 6, 2019 2:31am Mar 6, 2019 2:31am
Quoting Alesiosc
{quote} Would someone be kind enough to confirm or reject my analysis of GBP/USD please.....
hi

the previous week closed inside the WCC
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after those 3 candles, the close inside WCC and BREXIT on top, I wouldnt touch this
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  • #10,707
  • Mar 6, 2019 5:46am Mar 6, 2019 5:46am
Those who know or follow me know that I view trading as much as a means to improve myself in a holistic way rather than just try and make a profession out of it.

I used to post these kind of things on Friday afternoons for traders to digest outside of market hours, but I think the current low volatility may leave time for that. I believe my trading mistakes are not all from not understanding PA and lack of experience. There are also a lot of trading decisions that come from my beliefs about myself and probably my personal narrative that, as you may see on this video, is often edited by our brain and actually harms more than protects us.

Take 10 minutes and watch this if you want. Maybe it will prove useful, at least it did for me.

Inserted Video
  • #10,708
  • Mar 6, 2019 6:54am Mar 6, 2019 6:54am
Hello to all, its been a while since i had Time and the focus to restart looking at chart. With the arrival of my baby Girl and The health complications that my wife went through, we are just now Starting to get back to a "normal" life. A Little tired but at least everyone is back on track healthwise. Ive been reading a lot on the old thread and on the website about the path and have many questions that i Will be asking in the next few Weeks. For Now, i would like to know what time frame is used for bootcamp m1 and m5 as boss and big boss. I know that for m5 Trends trading we use h4 and h1 support and résistant. Is it the same for the bootcamp? In m'y free Time, i Will start posting m'y 3 chart analisyst for commentaires. Tu and have a great Day.
  • #10,709
  • Mar 6, 2019 7:44am Mar 6, 2019 7:44am
Quoting Jaizy
Hello to all, its been a while since i had Time and the focus to restart looking at chart. With the arrival of my baby Girl and The health complications that my wife went through, we are just now Starting to get back to a "normal" life. A Little tired but at least everyone is back on track healthwise. Ive been reading a lot on the old thread and on the website about the path and have many questions that i Will be asking in the next few Weeks. For Now, i would like to know what time frame is used for bootcamp m1 and m5 as boss and big boss. I know...
For M1 you can use M5 as Boss and M15 as BigBoss, but M15 with a good volatility and the SR on that volatility.
  • #10,710
  • Edited 9:20am Mar 6, 2019 8:56am | Edited 9:20am
EURAUD M5 Bootcamp

Quoting Plateaus
{quote} Thank you very much Strat for your reply As I went to practice some f12 I came around this situation with a hammer right at support (A). If I was short before it I would have exited right there and I think that would be the correct approach. My question is if the entry marked with an arrow afterwards would be an invalid entry (or high risk) because of the hammer at support and one should wait for the close below the low to reevaluate. I know it is different from the GBPAUD chart I posted in that the move was not so "elastic" and also this...
My comments are based on M5 BootCamp as a means to accelerate the PASR learning process rather than comments on the M5 trend which are two entirely different subjects.

I came around this situation with a hammer right at support (A). If I was short before it I would have exited right there and I think that would be the correct approach.

Correct. That is text book PASR and shows the sellers taking profit at previous support levels. It is not PASR to enter long positions as this is against the immediate trend.

My question is if the entry marked with an arrow afterwards would be an invalid entry (or high risk) because of the hammer at support and one should wait for the close below the low to reevaluate.

This could confuse you because you are using an example of a strong M5 DOWN trend rather than an example of PRICE ranging to learn Basic PASR. In this strong M5 DOWN trend example, that is a text book PASR entry/add on into the trend. Had PRICE not been in a trend, and instead being in a range, then we would wait for a CLOSE above that hammer before entering long or a CLOSE below to enter short.

I suggest you learn Basic PASR first and do the f12 exercise when PRICE is in a Range. This will accelerate your PASR learning and instill recognition of PASR in ranging situations where PASR is traded from support to resistance and vice versa. PASR Trend Trading is 1,000 light years away from Basic PASR which is why I suggest you f12 on trading ranges.

Ask again if you are still confused.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,711
  • Mar 6, 2019 9:01am Mar 6, 2019 9:01am
Well today, we have BabaG's Grand Ol' Duke of York situation for those that remember it from my original thread. Maybe it will change after CAD BOC Rate news

Talk about a spikey mess! No M1/M5 trading for me!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,712
  • Edited 9:34am Mar 6, 2019 9:07am | Edited 9:34am
CAD

Must be BAD CAD news!

Bank of Canada maintains overnight rate target at 1 ¾ per cent

But NOW there is OPPORTUNITY!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,713
  • Mar 6, 2019 9:18am Mar 6, 2019 9:18am
GBPUSD

Quoting Rub
I was good today. This morning GBPUSD showed a doji at support, testing the strat shadow, but I didn't enter a trade. Although I was tempted the BREXIT mess is rapidly hurtling toward a conclusion and I think it's best to stay out. {image} {image} {image}
This morning GBPUSD showed a doji at support, testing the strat shadow, but I didn't enter a trade.

Good, but for the WRONG reasons, Ben.

The Big Boss and Boss are not aligned for long positions.

That doji is just a PAUSE in that immediate down trend. Also a doji is NOT a PASR signal or entry candle. As with other PASR signals/entries, we need CONFIRMATION before entry.

Keep slugging away, Ben
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,714
  • Mar 6, 2019 9:18am Mar 6, 2019 9:18am
XAU/USD.....small SS 450 pips large on the BIG BOSS, rejected at major supp/res 1341.63 & 1327.55 from Jan 2011, Feb 2014, June 2014, July 2016, Aug 2017 & Jan 2018. this being in confluence with the top of the ascending triangle/coil, with a target of 1238.14 which is also major support from 2010, 2013, 2014 and 2017 looks promising to me.

moving on to the BOSS, SS again rejected off the confluence of the 2 major supp/res and top of triangle/coil.

WORKER printed a SS too, rejected by major res 1341.63 on 20th Jan 2019 even though the previous 4 days were strong bullish candles. the SS's on the WORKER, BOSS & BIG BOSS being so blatant and all being rejected by the strong confluence i would look for a short at any retrace below 1320.00 which is 61.8% fib ret with a stop above 1330.00.
again. i would humbly appreciate any thoughts on my analysis and whether my understanding of PASR, or lack of it, is correct.....
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If at first you don't succeed, try, try again.
  • #10,715
  • Mar 6, 2019 9:23am Mar 6, 2019 9:23am
thanks Rub and bistolis for your input. i havent gotten up to the WCC yet. just trying to approach this page by page now......appreciate your comments....
If at first you don't succeed, try, try again.
  • #10,716
  • Mar 6, 2019 9:25am Mar 6, 2019 9:25am
Some nice setups and levels
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"What would you attempt to do, if you knew your success was a certainty?"
  • #10,717
  • Mar 6, 2019 9:50am Mar 6, 2019 9:50am
I will post a long EURUSD trade entry tonight on the Worker IF the Worker closes with a favorable configuration.
In the meantime, you may want to check on lower TFs how price has been evolving and what motivates my trading plan (ie Big Boss and Boss)
PS: EURUSD is a snail
  • #10,718
  • Mar 6, 2019 9:57am Mar 6, 2019 9:57am
PASR

Quoting Jaizy
Hello to all, its been a while since i had Time and the focus to restart looking at chart. With the arrival of my baby Girl and The health complications that my wife went through, we are just now Starting to get back to a "normal" life. A Little tired but at least everyone is back on track healthwise. Ive been reading a lot on the old thread and on the website about the path and have many questions that i Will be asking in the next few Weeks. For Now, i would like to know what time frame is used for bootcamp m1 and m5 as boss and big boss. I know...
Good to hear that your wife and daughter are doing well.

Don't confuse M1/M5 BootCamp with M5 actual trading. Before doing either, you must already have a good understanding of Basic PASR. You should also have done my f12 exercise on different time frames including M5 to instill PASR memory into your trading brain. You must be able to recognise and UNDERSTAND PASR before attempting LIVE M5/M1 paper trading.

The objective of M1/M5 BootCamp is to sharpen your PASR recognition skills and decision making in shorter, more stressful time frames. At first, these time frames may move too fast for your PASR brain to function but as you become familiar and comfortable with them you may then find them "slow".

For M1 BASIC PASR BootCamp, your Boss is M5 and your Big Boss M15. For M5 BASIC PASR BootCamp, your Boss is M15 and your Big Boss H1.

As I posted above, M1/M5 PASR Trend Trading is 1,000 light years away from Basic PASR so forget about PASR Trend Trading until you have mastered Basic PASR
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,719
  • Mar 6, 2019 10:08am Mar 6, 2019 10:08am
Quoting Alesiosc
XAU/USD.....small SS 450 pips large on the BIG BOSS, rejected at major supp/res 1341.63 & 1327.55 from Jan 2011, Feb 2014, June 2014, July 2016, Aug 2017 & Jan 2018. this being in confluence with the top of the ascending triangle/coil, with a target of 1238.14 which is also major support from 2010, 2013, 2014 and 2017 looks promising to me. moving on to the BOSS, SS again rejected off the confluence of the 2 major supp/res and top of triangle/coil. WORKER printed a SS too, rejected by major res 1341.63 on 20th Jan 2019 even though the previous 4...
What do you mean with SS? Price or StratShadow? I see that you put only BigBoss SR. If BigBoss reject, Boss and Worker will follow him. Where is the SR of Boss?
  • #10,720
  • Mar 6, 2019 10:14am Mar 6, 2019 10:14am
Quoting Fxentropy
Some nice setups and levels {image} {image} {image} {image}
You did good and better than me as today's Price Action didn't light my fire.

I don't know what NDXUSD is and your EURCAD was in the London session while I was still in the land of Nod.

In hindsight, the GBPAUD did good but when I looked at it, and in view of today's ""spikey"" trading, I only saw it as an 18 pips Basic PASR trade so it didn't get my attention.

I'm just not feeling the trading "vibes" today.

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15 YEARS OF PASR ON FOREX FACTORY!
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