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Strat's PASR Long Term, Stress Free Trading

  • #10,781
  • Mar 10, 2019 4:50pm Mar 10, 2019 4:50pm
Hi traders Friends, I hope you had a good weekend, here is one of my analyses :

GBPJPY BB: Is in a downward trend since January 2018. Price rejected resistance 148,500 five times in seven months.

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B: Swing high is underway but not confirmed. Price has returned to the Stratshadow. Moreover, the price is stuck in a young WCC.

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W: The price found its support at 200 EMA, and also at 144,600 with a price that has fluctuated a lot on this level during the previous months.

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H4: Price supported by the 200 EMA and at the bottom of the WCC

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What do you think of my analysis? Comments are welcome
I have no bias, there is nothing to do at the moment except wait for the PASR to show us clues.
  • #10,782
  • Mar 10, 2019 5:23pm Mar 10, 2019 5:23pm
EURJPY

bb: Downside trend for 1 years. The January candle was a very nice hammer, it hasn’t failed yet because the price hasn’t closed below its lowest.

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b: The buyers failed at resistance 127.300, there were many sellers there, who created a pretty BEEB that confirmed the swing high.

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w: Thursday was a Beeb who crossed the stratshadow and found support 124.650. Friday was a doji showing the indecision of each part. This support is powerful with many oscillations.

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For now, nothing special to do, waiting for price action
  • #10,783
  • Mar 10, 2019 8:21pm Mar 10, 2019 8:21pm
Quoting Scrumy
{quote} Hi dashurry, it is always better to include your charts in your post, not only in the spreadsheet - also to see your S/R and what is shown on your charts. I have USDJPY on my list as tradable pairs for next week - but we need to wait for bullish PA so that ... "We trade the Worker in the direction of the PRIMARY TREND - nothing else." Don't take my analysis to serious. I just read a lot over the weekend about Basic PASR and I kinda feel like I had an "AHA"-moment regarding seeing long term, stress free set ups on the Worker and above. But...
I am hesitant to go long, have another look at the boss chart and look at the area it's just tested. Looks like it's pretty congested.
Quoting Scrumy
GBPNZD Pre CW11 Analysis Big Boss Range between 1.975 and 1.81. Swing UP. {image} Boss PRIMARY Trend is UP. Flat Strat Shadow. WCC active (2 weeks including this one). {image} Worker Price supported by Strat Shadow bottom and SR 1.911ish. Wait for PA in direction of PRIMARY Trend. {image} How about someone else doing another analysis? I have GBPAUD, GBPCAD, CADJPY and AUDJPY as well on my watchlist for next week (I analyzed only the first 11 Pairs without CHF of strat's volatility list). Very calm on the thread currently. (Hint: As you might have...
I am currently staying clear of GBP pairs on longer term charts, analysis as much as you like BREXIT is playing havoc with the pound. Having said that, I would hesitate to go against last boss candle.
Quoting landax
Hi traders Friends, I hope you had a good weekend, here is one of my analyses : GBPJPY BB: Is in a downward trend since January 2018. Price rejected resistance 148,500 five times in seven months. {image} B: Swing high is underway but not confirmed. Price has returned to the Stratshadow. Moreover, the price is stuck in a young WCC. {image} {image} W: The price found its support at 200 EMA, and also at 144,600 with a price that has fluctuated a lot on this level during the previous months. {image} H4: Price supported by the 200 EMA and at the bottom...
Your analysis look fine to me for both pairs. Although like I've mentioned above, I'd steer clear of GBP pairs at the moment.
  • #10,784
  • Mar 10, 2019 8:53pm Mar 10, 2019 8:53pm
Now for something a little different, being a public holiday here. I've been looking at the 5 minute charts for yen pairs after I get home from work, and there looks to be the possibility of trading the Tokyo session successfully. I'm planning on trading the first couple of hours after open and see how I do.

GBPJPY 5 minute boot camp 11-mar-2019 Tokyo open



1. Clear entry away from the strat shadow. Closed at support (2)
2. Long wick at support, closed on the next candle, but should've closed on the first.
3. Test of the shadow again, clear entry.
4. Stopped out of (3)

Call it a day there, shows I could've grabbed a few pips in the first couple of hours after the open but I'm more interested in having a look at the last day of the Moomba festival than messing around with the rest of the session. Still, I think there's the potential there to trade the Tokyo session on big moving pairs, especially on the yen. Now I've just got to master the trading side of it!
Overall break even, but happy with the proof on concept.
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  • #10,785
  • Mar 11, 2019 3:30am Mar 11, 2019 3:30am
Quoting strat
10 YEAR ANNIVERSARY of PASR on Forex Factory {quote} THANK YOU for all the time and effort you put into this Scrumy. A very interesting statistic for me would be: "How many threads in ""Trading Systems"" have come and gone during the 10 YEARS that PASR STOOD THE TEST OF TIME?"
Strat, you are a hero! Thump up to you.
  • #10,786
  • Mar 11, 2019 4:40am Mar 11, 2019 4:40am
GPB/AUD M5

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I just took this exchange, right after the stratshadow shooting star, I probably closed too early, but I wanted to protect this performance that’s decent.

The risk was low relative to rewards. This is what is appreciable with M5, just choose the best configuration. However this exchange is winning but when I take a failure I will show it to you too.

The R:R was 1:6, I took 48 Pips, and what I find pretty crazy is that when you risk 1%, you can lose them (and you accept it) but above all you can earn 6% in a few minutes. I want to make it clear that I am not saying this with a "fast rich" mentality but just a deduction of good profitability of this methode.
  • #10,787
  • Mar 11, 2019 5:10am Mar 11, 2019 5:10am
Loser

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I'm re-entering, after the shooting star and I got stopped.

Do you think my add was bad?
  • #10,788
  • Mar 11, 2019 5:22am Mar 11, 2019 5:22am
Quoting landax
Loser {image} I'm re-entering, after the shooting star and I got stopped. Do you think my add was bad?
Technically, no, and hindsight is easy, it was an honest attempt in my opinion.
One can say that the strength of the up bar could have given pause and you may have waited to see how price would react on/around EMA20, but these are post-mortem analyses. When you are in the eye of the storm, things are never as simple
  • #10,789
  • Mar 11, 2019 5:37am Mar 11, 2019 5:37am
Quoting darko2010
{quote} Technically, no, and hindsight is easy, it was an honest attempt in my opinion. One can say that the strength of the up bar could have given pause and you may have waited to see how price would react on/around EMA20, but these are post-mortem analyses. When you are in the eye of the storm, things are never as simple
technically I would say it is a bad spot after that price action previously.
I wouldnt enter on such a structure
  • #10,790
  • Edited 7:35am Mar 11, 2019 6:13am | Edited 7:35am
I am trying to do a lot of work on myself recently and I thought I may share it here just in case others can relate.
I did lose a lot over the last few months and it shook me immensely, especially after a phenomenal performance during the first 6 months I started to follow the path.

I had many, many opportunities to make all that money back and then some in the last few weeks, or at least rebuild my self-confidence so that I can resume my travel on the path where I left it. Yet, even though most of my entries are in the right direction, I simply don't follow through. I was short on GBPJPY at 148, short on GBPUSD at 1.33, short on USDJPY at 111.72, long on Gold at 1290, etc etc.

I have been really trying to understand that behavior and, after reading and listening to a few coaches such as Tony Robbins, some things started to resonate.

I think losing or simply missing out satisfies one of my basic needs, something that allows me to complain or feel bad and get sympathy, something that has been deeply rooted in me and that I need to reprogram. You see, I had a very successful professional career up until a couple of years ago, and I was a rock that my friends and family would rely on, to the point that no matter what bad things would happen to me, people would always say "I am not worried about you". They meant it in a nice way, as in "you are too good to not come on top", but all I heard was "we don't care about you". So I guess I needed to create a situation so bad that people would finally be worried about me and give me the support I was craving for.

As I am writing these words, I feel shaken to the core as I know this is how I really feel deep down. And I know it even better because my daughter functions exactly the same way, and I have been trying to explain that to her even though I was in the same pit as her.

Your brain has a strange way of letting you know what it wants. In my case, it is by self-sabotage. My fear is not a fear of losing, it's the fear of winning (again) and not getting support, love, attention because, well, in my experience, only those in need/pain are getting those.

Some may understand what I am trying to express, and lucky for you if you don't because it means you have a different relationship to trading. We are all different but we all function based on a similar set of needs.

As I am realizing what I just wrote, I am also starting to undo the spell. I knew this would be an interesting journey, I just didn't realize where it would take me and I am still in awe.

Basically, it seems I am not the receiving kind, life gives you what you need, not what you want. So I need to remain the giving kind and my return here is not a coincidence I guess. I need to give back more than I need to receive, not because I am better than others, but because this is what defines and satisfies me. I also think that this is how Strat feels. He is not after glory or recognition, he is a giver, and that's why from day one, I felt close to him.

I am done with whining and crying over my wounds hoping for sympathy and commiseration, time to make some money

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  • #10,791
  • Mar 11, 2019 7:14am Mar 11, 2019 7:14am
One good trade(s) in the morning on GBPNZD
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"What would you attempt to do, if you knew your success was a certainty?"
  • #10,792
  • Mar 11, 2019 7:30am Mar 11, 2019 7:30am
Quoting darko2010
I am trying to do a lot of work on myself recently and I thought I may share it here just in case others can relate.....
Interesting story darko.......hope you have pulled yourself together now..
If at first you don't succeed, try, try again.
  • #10,793
  • Mar 11, 2019 7:36am Mar 11, 2019 7:36am
Quoting Alesiosc
{quote} Interesting story darko.......hope you have pulled yourself together now..
Thanks Alesiosc, in progress
  • #10,794
  • Mar 11, 2019 8:51am Mar 11, 2019 8:51am
Quoting darko2010
I am trying to do a lot of work on myself recently and I thought I may share it here just in case others can relate. I did lose a lot over the last few months and it shook me immensely, especially after a phenomenal performance during the first 6 months I started to follow the path. I had many, many opportunities to make all that money back and then some in the last few weeks, or at least rebuild my self-confidence so that I can resume my travel on the path where I left it. Yet, even though most of my entries are in the right direction, I simply...
Take your time, market will still be there when you are ready.
No point on dwelling on what you have missed. As long as you can do well from now on, it will be great.

M5 Bootcamp

Last week my day job kind of catch me even after my work time. I couldn't really able to focus so I decide to take a break instead. Though today I try to see if I can screen through multiple chart after I did not find any established trend around(since they are basic PASR, back to paper trading to practice).

A couple trends are developing after US start, but since I feeling tired (and distracted as emergency call from my job again, and red news are around the corner), I'll continue tomorrow.

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GBPUSD trend is running now. I kind of see it when it start but I don't want to risk not looking at the chart while I'm dealing with my work.

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  • #10,795
  • Edited 1:14pm Mar 11, 2019 8:52am | Edited 1:14pm
GBPUSD M5 PASR Trend Trading

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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,796
  • Edited 1:15pm Mar 11, 2019 8:53am | Edited 1:15pm
GBPNZD M5 PASR Trend Trading


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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,797
  • Edited 1:15pm Mar 11, 2019 8:53am | Edited 1:15pm
GBPAUD M5 PASR Trend Trading


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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,798
  • Edited 1:15pm Mar 11, 2019 8:53am | Edited 1:15pm
GBPCAD M5 PASR Trend Trading


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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,799
  • Edited 1:16pm Mar 11, 2019 8:54am | Edited 1:16pm
GBPJPY M5 PASR Trend Trading


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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,800
  • Mar 11, 2019 9:04am Mar 11, 2019 9:04am
Quoting strat
{image}
For the m5 bootcamp u need to look at H1 as big boss and m15 as boss? so u take the m5 as worker? or in this intraday move u just consider PA and the trend for that certain time frame and look for new higher high or lower low(down trend) as TP with stop loss below/above last swim?
Sorry for my question i readed ur website but found that it was for weekly,daily. TF and now i see there is something new for m5 i guess.

Thnks in advance for ur time and the lovely thread
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