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Strat's PASR Long Term, Stress Free Trading

  • #11,921
  • Jul 18, 2019 9:26am Jul 18, 2019 9:26am
Quoting Mhons
Today's practising basic PASR from support to ressist and back, wait till PRICE approach level then watch who is winning who is loosing, patience is needed, no shiny blinking indicators needed, for basic is also good turn off STRAT shadow for a while and keep gaining experience MH {image}
Hi MH

Interesting to see how the polarity between support and resistance changes at the 27160ish level on your chart...

Regards
Pete
  • #11,922
  • Jul 18, 2019 9:40am Jul 18, 2019 9:40am
Quoting JCMPete
EurAud Big Boss- Retracement back down to support pending, maybe? We'll see.... Boss seems to be reponding{image} {image}
Still going down...
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  • #11,923
  • Jul 18, 2019 10:02am Jul 18, 2019 10:02am
Quoting stc25
{quote} Hello I have recently started following strats PASR method , it is pretty interesting . I was looking for the strat template (same as yours) but can't seems to find it .Would you be kind enough to share with the setting of the ema's and how you get the color and the shadow around the EMA . Many Thanks
Keep on reading and you will find everything you need
  • #11,924
  • Jul 18, 2019 3:45pm Jul 18, 2019 3:45pm
Today I did some M5 Training.

EURNZD

SL: 18 Pips
Profit: 19, exit after long tail candle and the confirmation of it to be a swing low.

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GBPUSD

SL: 12 Pips
Profit: 16 Pips, exit at next SR

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EURAUD

SL: 17 Pips
Loss: 14 Pips

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Might have been better to exit EURAUD here (red marked candle). Hindsight .

Attached Image
Accept the risk!
  • #11,925
  • Jul 18, 2019 4:00pm Jul 18, 2019 4:00pm
I am watching EURJPY for a potential long from WCC (7 weeks) bottom on H1/H4. Patiently waiting. You can nicely see the bounce inside the WCC - lots of opportunities for Basic PASR.

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Price is being pushed and pulled. But it doesn't really want to "take off" (if at all).
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Accept the risk!
  • #11,926
  • Jul 19, 2019 1:10am Jul 19, 2019 1:10am
Quoting stc25
{quote} Hello I have recently started following strats PASR method , it is pretty interesting . I was looking for the strat template (same as yours) but can't seems to find it .Would you be kind enough to share with the setting of the ema's and how you get the color and the shadow around the EMA . Many Thanks
Use paperclip, I'm sure you'll find templates somewhere there
Attached Image
  • #11,927
  • Jul 19, 2019 3:01am Jul 19, 2019 3:01am
Quoting Szpons
{quote} Use paperclip, I'm sure you'll find templates somewhere there {image}
Don't give away our secret indicators
  • #11,928
  • Jul 19, 2019 4:33am Jul 19, 2019 4:33am
Quoting bistolis
{quote} Don't give away our secret indicators
Damn, sorry
I promise that was my one before last flap
  • #11,929
  • Jul 19, 2019 4:25pm Jul 19, 2019 4:25pm
Watching EURNZD next week as price is at major support. Closed a short today at this support for 130 pips but looks like potential for a reversal at this support level. We'll see as we can only take what the market gives us and we could just float around in this area for awhile. Definitely a good pair to watch.
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  • #11,930
  • Jul 20, 2019 12:22am Jul 20, 2019 12:22am
Yes Tommy. I think he has a little Leeds United in his heart aswell

Is there anyone looking at GBPCAD.....Surprised I haven't seen it mentioned......for me it has to be one of the best pairs to keep an eye on at atm, if you know what you are looking/waiting for.....or am I wrong......
If at first you don't succeed, try, try again.
  • #11,931
  • Jul 20, 2019 1:20am Jul 20, 2019 1:20am
Quoting TerryDawe
Watching EURNZD next week as price is at major support. Closed a short today at this support for 130 pips but looks like potential for a reversal at this support level. We'll see as we can only take what the market gives us and we could just float around in this area for awhile. Definitely a good pair to watch. {image} {image}
I also just closed a trade in EURNZD. Just go nervous holding after such a run down with no real retracement, but it does look a little like it's stalling. I'll be keeping an eye on it and GBPNZD next week to see if there's a continuation. Also watching the JPY pairs, looks like the AUD and NZD got bought against it while everything else stayed much the same.

The last month has been good to me, all I've got to do now is keep at it and maintain the consistency.

Quoting Alesiosc
Yes Tommy. I think he has a little Leeds United in his heart aswell Is there anyone looking at GBPCAD.....Surprised I haven't seen it mentioned......for me it has to be one of the best pairs to keep an eye on at atm, if you know what you are looking/waiting for.....or am I wrong......
For me GBPCAD is not anywhere important. I'll be watching it but I don't have anything marked up nearby that makes me think it will reverse. Still, will be watching to see what it does.
  • #11,932
  • Jul 20, 2019 2:34am Jul 20, 2019 2:34am
Big Boss down
Boss up attack weak, two consecutive cross stars, last week Beeb
Worker 7.16 tested the low point of the previous period. Some buyers began to enter the field. 7.17 buyers tried to push up the price and encountered resistance from the Japanese map. 7.18 BEEB sellers pushed the price down and the candles closed below the SR.
The SR line is drawn with the arrow and the candle close, and enters below the front support.
Is that the right Strat stress-free deal?
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  • #11,933
  • Edited Jul 21, 2019 12:40am Jul 20, 2019 11:50pm | Edited Jul 21, 2019 12:40am
Regarding MT4 Charting with Oanda. Has anyone seen this ?

I saw a message that stated beginning on August 16 a new order placed on a specific chart, for example Eur/Usd, could not duplicate in size an existing order already on that chart. So if earlier you placed an order of 1.0 size that had a SL and TP , you now could not place an additional new order of the same size 1.0 which also had any SL and TP . Apparently you could place a new order of a different size ... for example 0.5 OR place a new order of 1.0 that did not have a SL or did not have a TP .

This info came as an Important Message in the Terminal section of the MT4 charting display, at the bottom. When I clicked on it there was a description of the new rule and several examples. However when I tried to copy them for further study the Terminal section completely disappeared and I have not been able to retrieve the information.

Found it. https://oanda.secure.force.com/Answe...language=en_US
  • #11,934
  • Jul 21, 2019 4:15am Jul 21, 2019 4:15am
Quoting Alesiosc
Yes Tommy. I think he has a little Leeds United in his heart aswell Is there anyone looking at GBPCAD.....Surprised I haven't seen it mentioned......for me it has to be one of the best pairs to keep an eye on at atm, if you know what you are looking/waiting for.....or am I wrong......
Does seem to be a bit over extended on the Boss.

Regards
Pete
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  • #11,935
  • Jul 21, 2019 4:22am Jul 21, 2019 4:22am
Quoting Scrumy
I am watching EURJPY for a potential long from WCC (7 weeks) bottom on H1/H4. Patiently waiting. You can nicely see the bounce inside the WCC - lots of opportunities for Basic PASR. {image} Price is being pushed and pulled. But it doesn't really want to "take off" (if at all). {image}
Also waiting to see what will happen at this support level. No price action yet on Boss and Worker.

Regards
Pete
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  • #11,936
  • Jul 21, 2019 4:29am Jul 21, 2019 4:29am
Quoting TerryDawe
Watching EURNZD next week as price is at major support. Closed a short today at this support for 130 pips but looks like potential for a reversal at this support level. We'll see as we can only take what the market gives us and we could just float around in this area for awhile. Definitely a good pair to watch. {image} {image}
Hi Terry

View of the Worker at this level...i agree with your analysis.

Regards
Pete
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  • #11,937
  • Jul 21, 2019 6:11am Jul 21, 2019 6:11am
Quoting Lou
Regarding MT4 Charting with Oanda. Has anyone seen this ? I saw a message that stated beginning on August 16 a new order placed on a specific chart, for example Eur/Usd, could not duplicate in size an existing order already on that chart. So if earlier you placed an order of 1.0 size that had a SL and TP , you now could not place an additional new order of the same size 1.0 which also had any SL and TP . Apparently you could place a new order of a different size ... for example 0.5 OR place a new order of 1.0 that did not have a SL or did not have...
That is the FIFO rule.
So probably whenever you will open a new position it will show you the new average price and it will show up as one position on your chart
the examples are confusing me. when the rule will be applied, just get a demo account and try it out to see how everything works in practice
  • #11,938
  • Edited 9:32am Jul 21, 2019 9:15am | Edited 9:32am
Quoting bistolis
{quote} That is the FIFO rule. So probably whenever you will open a new position it will show you the new average price and it will show up as one position on your chart the examples are confusing me. when the rule will be applied, just get a demo account and try it out to see how everything works in practice
As I see it, on a specific chart the trader will no longer be able to add on to a trade with the same order amount unless trading without a SL or TP.
So in 5m trading especially there will be an interesting new factor to consider.
  • #11,939
  • Jul 21, 2019 10:25am Jul 21, 2019 10:25am
Quoting Rub
{quote} For me GBPCAD is not anywhere important. I'll be watching it but I don't have anything marked up nearby that makes me think it will reverse. Still, will be watching to see what it does.
Quoting JCMPete
{quote} Does seem to be a bit over extended on the Boss. Regards Pete {image}
i dont know iof anyone remembers Strat mentioned he only uses Momentum, PA, Exhaustion, S&R, Harmonics and i think he had Volume in there aswell which he obviously doesnt use anymore.....the reason i ask is, after nearly reaching the 700 page mark on the 1st thread, i really cant remember see much about Harmonics.....it just doesnt seem to be discussed in any length unless it has further on....well ive been playing with some harmonic patterns recently and came across an absolutely huge bullish pattern on the GBPCAD weekly which starts 16/11/2014 through 27/09/2015, thats 45 weeks. also one on the daily. theres definitely no PA at the moment on the daily. in fact, the daily pattern has been invalidated already. from the way im reading this. the weekly GBPCAD can still move anywhere in the region of 500 pips and the daily still needs to show more bullish reversal patterns. it is definitely a long term study. and i havent combined the harmonics with PASR yet. im sure they will compliment each other like Strat says. also hoping (oops) that it is the same harmonics Strat has mentioned so just going to bide my time on the GBPCAD and see what happens.
If at first you don't succeed, try, try again.
  • #11,940
  • Jul 21, 2019 11:26am Jul 21, 2019 11:26am
Quoting Alesiosc
{quote} {quote} i dont know iof anyone remembers Strat mentioned he only uses Momentum, PA, Exhaustion, S&R, Harmonics and i think he had Volume in there aswell which he obviously doesnt use anymore.....the reason i ask is, after nearly reaching the 700 page mark on the 1st thread, i really cant remember see much about Harmonics.....it just doesnt seem to be discussed in any length unless it has further on....well ive been playing with some harmonic patterns recently and came across an absolutely huge bullish pattern on the GBPCAD weekly which starts...
Strat also said to ignore harmionics, volume, etc as all his tests could not prove rhem to be of any value. Price Action at Support Resistance is what it is all about...

Regards
Pete
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