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Strat's PASR Long Term, Stress Free Trading

  • #11,641
  • May 29, 2019 8:16am May 29, 2019 8:16am
Quoting Alesiosc
{quote} hi FX. Strat has mentioned it a few times already. i challenge you to go search the thread for it. rather you than me. as i understand it, daily pivots are S&R. they are just not used in Strat's PASR Method.
Question: Doest Strat use H1/H4 levels as exit points when he is trading PSAR M1/M5?
"What would you attempt to do, if you knew your success was a certainty?"
  • #11,642
  • Edited 9:04am May 29, 2019 8:35am | Edited 9:04am
Quoting Szpons
{quote} I took some crumbs on a way down to support. Exited on first signs of weakness. I need to train spreading my entries. So far I'm a single shooter. {image}
Stick with single shot until you get confidence, then you can get to machine gun....but for that you need to be in full control of setups vs. emotions.

Keep it up!
Flat
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,643
  • May 29, 2019 9:14am May 29, 2019 9:14am
Quoting Fxentropy
{quote} Question: Doest Strat use H1/H4 levels as exit points when he is trading PSAR M1/M5?
the way i understand it Fx is, exits are determined by Price Action or S to 1st R or vice versa when trading Basic PASR. am i right here.....
If at first you don't succeed, try, try again.
  • #11,644
  • May 29, 2019 9:55am May 29, 2019 9:55am
Quoting Alesiosc
{quote} the way i understand it Fx is, exits are determined by Price Action or S to 1st R or vice versa when trading Basic PASR. am i right here.....
I tried to make a point when referring to using pivots on the charts.... pivots can be taken and /or used on H1 H4 D1 W1 charts (depend on your style of trading -scalper or intraday/swing trader). They are historical levels that can serve as exit point for your trades. I use then as entry's too.

One helluva trader here using pivots was Greg Wilson.
Maybe worth to check it out - its offtopic but can clear some heads here...
https://www.forexfactory.com/showthread.php?t=88949
"What would you attempt to do, if you knew your success was a certainty?"
  • #11,645
  • May 29, 2019 11:01am May 29, 2019 11:01am
Quoting Fxentropy
{quote} I tried to make a point when referring to using pivots on the charts.... pivots can be taken and /or used on H1 H4 D1 W1 charts (depend on your style of trading -scalper or intraday/swing trader). They are historical levels that can serve as exit point for your trades. I use then as entry's too. One helluva trader here using pivots was Greg Wilson. Maybe worth to check it out - its offtopic but can clear some heads here... https://www.forexfactory.com/showthread.php?t=88949
sure Fx. i think Hickson was just trying to get across that Strat doesnt use pivots in his PASR methods and doesnt want new learners/beginners to get confused with stuff that doesnt relate to PASR....
If at first you don't succeed, try, try again.
  • #11,646
  • May 29, 2019 12:16pm May 29, 2019 12:16pm
Hello Everybody but...

Quoting Hickson
{quote} Strat does not approve of them here. One method only. And it makes sense, so traders here stay focused on one strategy.
This one of the reasons that i stop posting anymore... First of all, was Solid Rules, with obviously different Psychology... but SOLID RULES... Then i start watching trades with completely different things that Strat has taught before... and is when i said... "Thank you Strat for everything, but is time to apply everything that i have learned, and move one because now people are going to post different things"

And in my Journey as a Trader... i can bet you that 95% in Forums that they are suppose to be profitable... they are just a Fake Traders... most of them still on demo. But of course... they act as a profitable trader...

Anyway Goodluck to everybody and remember something... Always use StopLoss... Always use a Solid Rules... and IGNORE EVERYONE! Just learn and apply to your mind and practice... practice... practice.. and more pratice....

Im not rich but my monthly profits is enough for pay my bills and put some money in my bank saving account.

Everyday of trading is a new experience to your mind.


Thank you Strat for Everything i hope you are well with a good healthly.
  • #11,647
  • May 29, 2019 3:24pm May 29, 2019 3:24pm
Quoting HappyTrend
Hello Everybody but... {quote} This one of the reasons that i stop posting anymore... First of all, was Solid Rules, with obviously different Psychology... but SOLID RULES... Then i start watching trades with completely different things that Strat has taught before... and is when i said... "Thank you Strat for everything, but is time to apply everything that i have learned, and move one because now people are going to post different things" And in my Journey as a Trader... i can bet you that 95% in Forums that they are suppose to be profitable......
I'm glad you are profitable.

In my understanding The Path is the ultimate Strat's goal in both threads.
As Strat said many times - you can't trade like me, find your own way.
And he is doing exactly that, helping trades to find and walk The Path. Basic PASR, Trend trading, Swing trading ect. are just tools that he uses.
There are no Solid rules here like "if red candle here do that if there do other" rather guides (do's and dont's) that help you understand what price is doing right now and how to react.

And there is more! We are here to give and receive feedback on PASR based trades, to compare point of views, to support one another on The Path.

Eg. Have you seen Trogger's trades with fade in entries on H4 or higher? Absolute madness from my perspective but still you can learn a lot from his understanding of PASR.
  • #11,648
  • May 29, 2019 4:16pm May 29, 2019 4:16pm
Still in. Yesterday's bar wasn't enough for me to close out, and no PA that told me to add; price sitting on support. I've tightened up the SLs a bit.

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  • #11,649
  • May 29, 2019 5:46pm May 29, 2019 5:46pm
CADJPY BASIC PASR Trade

Weekly
Price is near support, trapped in WCC.
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Daily
Made a Hammer.
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Plan
1. Entry: Pending Buy Stop Order @81.20, 2 orders.

2. Risk:

  1. Total Risk: 1%
  2. per Risk: 0.5%
  3. SL: @80.6 (belowthe low of last candle), or @80.5 (below the Resistance)

3. MM:

  1. 1st TP @81.8, R:R=1:1
  2. 2nd breakeven after 1st order closed and trailing SL.

Good luck

Cj

Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #11,650
  • Edited May 30, 2019 1:51am May 29, 2019 10:27pm | Edited May 30, 2019 1:51am
USD ZAR Daily chart

For those that enjoy volatility ( ATR 5: 1479, more than 10 times the volatility of cable) and very low margin requirements, see classic shooting star at major support. Careful children.
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  • #11,651
  • May 30, 2019 12:08am May 30, 2019 12:08am
Quoting Cj.cn
CADJPY BASIC PASR Trade Weekly Price is near support, trapped in WCC. {image} Daily Made a Hammer. {image} Plan 1. Entry: Pending Buy Stop Order @81.20, 2 orders. 2. Risk: Total Risk: 1% per Risk: 0.5% SL: @80.6 (belowthe low of last candle), or @80.5 (below the Resistance) 3. MM: 1st TP @81.8, R:R=1:1 2nd breakeven after 1st order closed and trailing SL. Good luck Cj
Make sure you understand candle types, this is not hammer, are you sure that this is basic PASR? How should strat shadow looks like in ranging market, check the angle that measure momentum very well. Definetely support in monthly, weekly and daily so this could support your trade. But odds are not in your favour in this trade.

Wish you green pips

Cheers mate
  • #11,652
  • May 30, 2019 4:12am May 30, 2019 4:12am
Quoting Mhons
{quote} Make sure you understand candle types, this is not hammer, are you sure that this is basic PASR? How should strat shadow looks like in ranging market, check the angle that measure momentum very well. Definetely support in monthly, weekly and daily so this could support your trade. But odds are not in your favour in this trade. Wish you green pips Cheers mate
Hi, Mhons

Make sure you understand candle types, this is not hammer.
Is that a Pinbar or Doji?

are you sure that this is basic PASR?
Basic PASR - from Support to Resistance, Resistance to Support.
right? If not, correct me.

thanks

Cj
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #11,653
  • May 30, 2019 9:31am May 30, 2019 9:31am
Quoting Mhons
{quote} Make sure you understand candle types, this is not hammer, are you sure that this is basic PASR? How should strat shadow looks like in ranging market, check the angle that measure momentum very well. Definetely support in monthly, weekly and daily so this could support your trade. But odds are not in your favour in this trade. Wish you green pips Cheers mate
Quoting Cj.cn
{quote} Hi, Mhons Make sure you understand candle types, this is not hammer. Is that a Pinbar or Doji? are you sure that this is basic PASR? Basic PASR - from Support to Resistance, Resistance to Support. right? If not, correct me. thanks Cj

Doji on my screen in addition all timeframes scream Buy Yen!
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  • #11,654
  • May 30, 2019 9:56am May 30, 2019 9:56am
GOLD

Here is my previous analysys:
Quoting Szpons
{quote} It's been a while since I posted...
Price is resting right now. Still within Big Boss range but it looks like it is getting ready to break 1350 or at least try it.
If it does I'm going to be there. Boss has one more day to go but right now it looks like it is going to make up its mind next week.
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  • #11,655
  • May 30, 2019 11:46am May 30, 2019 11:46am
Hi, good PA on AJ
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If you afraid dont do, if you doing dont afraid.
  • #11,656
  • May 30, 2019 12:02pm May 30, 2019 12:02pm
One more)
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If you afraid dont do, if you doing dont afraid.
  • #11,657
  • May 30, 2019 11:39pm May 30, 2019 11:39pm
Quoting Cj.cn
{quote} Hi, Mhons Make sure you understand candle types, this is not hammer. Is that a Pinbar or Doji? are you sure that this is basic PASR? Basic PASR - from Support to Resistance, Resistance to Support. right? If not, correct me. thanks Cj
There is no candlestick pin bar in PASR, anyway if you have to ask me you should go back and learn candlestick patterns, without that you will never be profitable.
Basic PASR is used when price is in RANGE, do you think, that this is range? As Szpons wrote all charts screams sell

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  • #11,658
  • Edited 3:52am May 31, 2019 2:46am | Edited 3:52am
Update
The first order hit TP, the second is still in progress
I train patience)
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If you afraid dont do, if you doing dont afraid.
  • #11,659
  • May 31, 2019 3:41am May 31, 2019 3:41am
M1 DAX
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,660
  • May 31, 2019 4:07am May 31, 2019 4:07am
@CJ.cn

Quoting strat
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

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