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Strat's PASR Long Term, Stress Free Trading

  • #12,021
  • Jul 31, 2019 2:08am Jul 31, 2019 2:08am
Quoting Alesiosc
so, heres to all the humble people in the thread. you know. the ones who are not full of themselves and think they are the only ones who know how to trade. we are all here to learn and we all have individual ways to go about it..... continuing from yesterday. my intention today was to use footprints combined with PASR, and for those that dont know, mhons, its already combined into Strat's method he teaches on here. lets hope you learn something here instead of carrying on like you are The Dog Bollocks. the idea was to be as disciplined as possible...

Step three I think.

Please be bloody careful. At 48 you'll have a much harder time bouncing back financially that I would being younger. I'd hate to see you lose it all.
  • #12,022
  • Jul 31, 2019 2:30am Jul 31, 2019 2:30am
Quoting Alesiosc
excuse me tommy. theres help and theres thinking that you know it all. i am 48 tommy. wont be spoken to by him or anyone else like that. with Strat being an exception as its his thread and obviously he can do what he likes as he is aulified to do so so. anyway (being a bit cocky now) how can he help me when he has been here 5 years and still doesnt know what footprints are....i accept help from those that are respectful, not from unqualified people like himself. sorry. i wont be mentioning this topic again as its not what im here for.....thank you...
Hi Alesiosc

Please keep on posting your trades, I am following with great interest. Just not sure of your AudCad trade on the 30th?

There are many roads to follow. Some will lead to success and some will not. You have to have a map and an idea how to get there. You have to be careful if you do not know where you are going, you might just not get there...

Following in the Footsteps of the Giants with PASR as your compass works for me.

Never be afraid to test your knowledge and understanding. How else will you make it your own? Even worse, know if you are wrong? Only way to get to the other side of the pool is to jump in and start swimming.

Just keep the emotions out of it...focus on the task at hand.

Regards
Pete
  • #12,023
  • Edited 3:30am Jul 31, 2019 3:18am | Edited 3:30am
Quoting Rub
{quote} Step three I think. Please be bloody careful. At 48 you'll have a much harder time bouncing back financially that I would being younger. I'd hate to see you lose it all.
thanks Rub. i mostly trade 1 lot of a mini account (.10c per pip) my 2 x12 lot trades yesterday was just a form of my confidence in using the footprints in line with PASR trends. its the first time ive done it and can see myself doing it more often as my confidence builds. i dont want to blow my trumpet or act like a teacher but the clue to footprints are "Buyers & Sellers" and "Seeing Beyond The Candles....". its so simple once you can understand this.....EDIT: if you can connect the dots you have cracked it.....

Thanks Pete. appreciate your comments......following GBPUSD and GBPJPY at the moments

EDIT: supply keeping it down
If at first you don't succeed, try, try again.
  • #12,024
  • Edited 5:00am Jul 31, 2019 4:24am | Edited 5:00am
so if im reading these footprints correctly EURNZD getting set to come down. EDIT: again, if im reading the candles properly there are no more buyers here. 1.6806 looks reasonable for a TP

EDIT: my definition of an ATM trade as i understand it USDCAD down to 1.3136 area. entry was 1.3149 EDIT: guess it may not be an ATM trade after all.....

EDIT: my long GBPJPY is back up to BE
Attached Image(s) (click to enlarge)
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If at first you don't succeed, try, try again.
  • #12,025
  • Jul 31, 2019 5:04am Jul 31, 2019 5:04am
EURNZD wobble time

i wonder if the GBPJPY gets some buying pressure here 132.09

EDIT: come Cameron... how can it have legs with the selling pressure above....still. maybe there arenet enough sellers. who know....

EDIT: a clear chance to add to EURNZD short at 1.6838
If at first you don't succeed, try, try again.
  • #12,026
  • Jul 31, 2019 5:57am Jul 31, 2019 5:57am
Quoting Scrumy
EURAUD H1 Basic PASR SL: 18 Pips TP: open, but SL already locked in at around 200 Pips Price was inside a range. After that triple bottom I couldn't resist. As I could easily move the SL directly to BE I just watched what price is doing (it was now zero risk - capital preservation our no. 1 priority). I moved the SL later a bit higher to be in profit and it nearly got hit by that big green candle's tail (lucky me). {image} I will now manage further and see what Price will be doing. This trade developed from a Basic PASR trade into Trend PASR (you...
EURAUD H1 closed

After adding on to that trade at the BUEB above SR this trade was closed by my protective SL.

Nearly 16R on first position. About 1R on the TAO (Trend Add On).

Attached Image (click to enlarge)
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Accept the risk!
  • #12,027
  • Jul 31, 2019 7:48am Jul 31, 2019 7:48am
Quoting Scrumy
{quote} EURAUD H1 closed After adding on to that trade at the BUEB above SR this trade was closed by my protective SL. Nearly 16R on first position. About 1R on the TAO (Trend Add On). {image}
Nice profit, congrats
Could you explain, why you entered at that point?
I expected down move continuation to 1.58242
What made you think that price would reversed at that point?
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  • #12,028
  • Jul 31, 2019 7:52am Jul 31, 2019 7:52am
Quoting el.
{quote} Where was your initial SL placed?
The answer is here:

Quoting Scrumy
GBPNZD H1 SL: 50 Pips TP: open, but moved SL to profit. Closed strong below Strat Shadow and was in a good down swing. Price was bouncing inside the Shadow and finally closed below. That was my trigger to enter short. I know EMA200 was right below me. But in the end it comes down to trade management. Price went directly into my favor. We are near the bottom of the active WCC now. Didn't take profit on next SR as it closed strongly below. Price reacted afterwards to that SR. But I try to let my winners run. {image} This is what H4 looked like. {image}...
And regarding this question

Quoting el.
{quote} Nice profit, congrats Could you explain, why you entered at that point? I expected down move continuation to 1.58242 What made you think that price would reversed at that point? {image}
the answer is here:

Quoting Scrumy
EURAUD H1 Basic PASR SL: 18 Pips TP: open, but SL already locked in at around 200 Pips Price was inside a range. After that triple bottom I couldn't resist. As I could easily move the SL directly to BE I just watched what price is doing (it was now zero risk - capital preservation our no. 1 priority). I moved the SL later a bit higher to be in profit and it nearly got hit by that big green candle's tail (lucky me). {image} I will now manage further and see what Price will be doing. This trade developed from a Basic PASR trade into Trend PASR (you...
Accept the risk!
  • #12,029
  • Edited 8:48am Jul 31, 2019 8:29am | Edited 8:48am
so far a 50-50 day.....whilst i cant go into the trades just now. i just wanted to put my neck on the line once again. long GBPUSD. entry 1.2192 x2 lots. risk is 60 pips. 1st target 1.2381 area. 2nd target 1.2660 area on the daily using an old footprint to gauge the reversal. this is my first daily trade using footprints so if it doesnt work, it doesnt work.....
Attached Image (click to enlarge)
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If at first you don't succeed, try, try again.
  • #12,030
  • Jul 31, 2019 8:30am Jul 31, 2019 8:30am
Quoting el.
{quote} Nice profit, congrats Could you explain, why you entered at that point? I expected down move continuation to 1.58242 What made you think that price would reversed at that point? {image}
Additionally to my previous answer: this trade was very very lucky, but managed well. As said, it started as a Basic PASR trade as price was in a range. But it just went into my favour and I rode that trade/trend as long as I could.

16R isn't normal, I guess. For me this was the biggest profitable trade eversince.

My expectations on that trade was just above 1R. That it ended like this was just due to the management of the trade.
Accept the risk!
  • #12,031
  • Jul 31, 2019 9:13am Jul 31, 2019 9:13am
Quoting Scrumy
{quote} Additionally to my previous answer: this trade was very very lucky, but managed well. As said, it started as a Basic PASR trade as price was in a range. But it just went into my favour and I rode that trade/trend as long as I could. 16R isn't normal, I guess. For me this was the biggest profitable trade eversince. My expectations on that trade was just above 1R. That it ended like this was just due to the management of the trade.
You've been patient, and you've been rewarded for it. 16R it's okay if you know what you're doing.

Green pips
If you afraid dont do, if you doing dont afraid.
  • #12,032
  • Jul 31, 2019 9:21am Jul 31, 2019 9:21am
Quoting Scrumy
{quote} Additionally to my previous answer: this trade was very very lucky, but managed well. As said, it started as a Basic PASR trade as price was in a range. But it just went into my favour and I rode that trade/trend as long as I could. 16R isn't normal, I guess. For me this was the biggest profitable trade eversince. My expectations on that trade was just above 1R. That it ended like this was just due to the management of the trade.
exceptional
  • #12,033
  • Aug 1, 2019 12:30am Aug 1, 2019 12:30am
Quoting Alesiosc
{quote} thanks Rub. i mostly trade 1 lot of a mini account (.10c per pip) my 2 x12 lot trades yesterday was just a form of my confidence in using the footprints in line with PASR trends. its the first time ive done it and can see myself doing it more often as my confidence builds. i dont want to blow my trumpet or act like a teacher but the clue to footprints are "Buyers & Sellers" and "Seeing Beyond The Candles....". its so simple once you can understand this.....EDIT: if you can connect the dots you have cracked it..... Thanks Pete. appreciate...
Glad you're not rushing into it. I still haven't worked out whatever it is you seem to have cracked. I'm pretty much trying to find something that's trending, or near a significant level and potentially about to trend. Picking turning points is beyond my abilities at the moment.

Quoting Scrumy
{quote} EURAUD H1 closed After adding on to that trade at the BUEB above SR this trade was closed by my protective SL. Nearly 16R on first position. About 1R on the TAO (Trend Add On). {image}
Very nicely done! I was watching EURAUD for something around 1.62, but I didn't see anything to get my attention to go short. A great demonstration of trade management.
  • #12,034
  • Aug 1, 2019 6:12am Aug 1, 2019 6:12am
Quoting strat
...
Hey guys ,

I have a question

About that Basic PASR that Strat wanted us to master FIRST.... In THE PATH he says new people should trade from first S/R to 1st level of S/R level. And one post he said S/R levels should be drawn from Worker chart (which is Daily). And he just do not talk about analysis of Boss and Big boss charts in that post. is that right? is that what he wanted us to master first?

BTW . After jumping to trade Daily's I have lots of time to read THE PATH. Now I see why this is called long term stress free trading..

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #12,035
  • Aug 1, 2019 11:53am Aug 1, 2019 11:53am
Hello, Suranga! I think trading worker without the boss's permission is contrary to the path.)
If you afraid dont do, if you doing dont afraid.
  • #12,036
  • Aug 1, 2019 12:05pm Aug 1, 2019 12:05pm
I may get some hate for this post, maybe even banned. But I have had several difficulties trying to use the PASR Strategy so far. At the beginning of the week I have noticed that you really have no idea what the weekly candle will look like since it is the start of the week and just printing. This leads to some confusion on where the market is going. This is also complicated by the fact that the weekly candle can change from a buy to a sell if there is enough selling pressure, further complicating trading. And add to this that support and resistance is subjective, I find this whole thing confusing. After almost of year of education/trading. Too much knowledge, no consistency, no moolah.
  • #12,037
  • Aug 1, 2019 12:43pm Aug 1, 2019 12:43pm
Quoting trolloc63
I may get some hate for this post, maybe even banned. But I have had several difficulties trying to use the PASR Strategy so far. At the beginning of the week I have noticed that you really have no idea what the weekly candle will look like since it is the start of the week and just printing. This leads to some confusion on where the market is going. This is also complicated by the fact that the weekly candle can change from a buy to a sell if there is enough selling pressure, further complicating trading. And add to this that support and resistance...
On which page of the path you are?
If you afraid dont do, if you doing dont afraid.
  • #12,038
  • Aug 1, 2019 12:50pm Aug 1, 2019 12:50pm
I've read it all I think. What am I missing?
  • #12,039
  • Aug 1, 2019 1:00pm Aug 1, 2019 1:00pm
Quoting Suran
{quote} Hey guys , I have a question About that Basic PASR that Strat wanted us to master FIRST.... In THE PATH he says new people should trade from first S/R to 1st level of S/R level. And one post he said S/R levels should be drawn from Worker chart (which is Daily). And he just do not talk about analysis of Boss and Big boss charts in that post. is that right? is that what he wanted us to master first? BTW . After jumping to trade Daily's I have lots of time to read THE PATH. Now I see why this is called long term stress free trading.. Suranga...
Hey Suran,

maybe this post from strat will help you:

Quote
PASR is a 3 time frame analysis.

Source: https://www.forexfactory.com/showthr...0#post11660060

Without doing a 3 time frame analysis, you would miss on the Power of Time Frames. Higher time frames increase the probability of success when they are aligned with your time frame you take your trades.
Accept the risk!
  • #12,040
  • Aug 1, 2019 1:06pm Aug 1, 2019 1:06pm
Quoting trolloc63
I've read it all I think. What am I missing?
Maybe it's https://www.forexfactory.com/showthread.php?t=155459
If you afraid dont do, if you doing dont afraid.
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