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Strat's PASR Long Term, Stress Free Trading

  • #12,181
  • Aug 26, 2019 5:26am Aug 26, 2019 5:26am
Hi Strat.
Fabulous thread, which neatly contextualises why I'm struggling with trading at the moment. (for all the reasons you've mentioned so far up to post 60 - and still going). Can I just ask you to clarify, If I were trading Daily bars - would it then follow that the weekly would be my BOSS T/F and any S & R and the MA's would be based on the weekly T/F with the Daily bars being merely P/A factors to get an earlier entry in the direction of the weekly MA's and Price Trend. Sorry if this appears basic. Thanks in anticipation.

Kneath
  • #12,182
  • Aug 26, 2019 7:29am Aug 26, 2019 7:29am
Quoting Kneath
Hi Strat. Fabulous thread, which neatly contextualises why I'm struggling with trading at the moment. (for all the reasons you've mentioned so far up to post 60 - and still going). Can I just ask you to clarify, If I were trading Daily bars - would it then follow that the weekly would be my BOSS T/F and any S & R and the MA's would be based on the weekly T/F with the Daily bars being merely P/A factors to get an earlier entry in the direction of the weekly MA's and Price Trend. Sorry if this appears basic. Thanks in anticipation. Kneath
hi
The weekly IS the boss. Anything lower than the daily is mostly used to accelerate the learning curve.
I would suggest to start with very basic stuff. Draw one support below your current price and one resistance above, then focus only on PA on the daily timeframe and get used to basic price action.
  • #12,183
  • Aug 26, 2019 12:24pm Aug 26, 2019 12:24pm
Thank you Bistolis.
  • #12,184
  • Aug 26, 2019 9:24pm Aug 26, 2019 9:24pm
there were many Shooting Stars and Hammers yesterday. Anybody caught this?

Attached Image (click to enlarge)
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Focus, Patience, Discipline, Determination and Perseverance
  • #12,185
  • Aug 27, 2019 12:42am Aug 27, 2019 12:42am
Quoting Suran
there were many Shooting Stars and Hammers yesterday. Anybody caught this? {image}
I didn't take any of them. I'm looking at GBPAUD for a long entry though.
  • #12,186
  • Aug 27, 2019 1:05am Aug 27, 2019 1:05am
Quoting Suran
{quote} So my decision to exit the trade payed me back..with some pips... see what London boys have done.. {image} P.S. Credit should go to where it should. ....STRAT..thanks a lot coach.
Hi, nice trade you took there. I have seen this thread a couple of time and read the first page filled with lots of motivation and psychological info, then ignored the thread. But I like the look of your chart. Apart from the MAs mentioned is there a special template? Also a link to read up on the system here? Find in it difficult to go through the pages due to work. My reason for lookTing back at this thread is that it seems indeed it can help with stress free trading, especially for people who don't have much extra time on their hands due to work.Thank you.
  • #12,187
  • Aug 27, 2019 1:34am Aug 27, 2019 1:34am
Quoting Mitiblotch
{quote} Hi, nice trade you took there. I have seen this thread a couple of time and read the first page filled with lots of motivation and psychological info, then ignored the thread. But I like the look of your chart. Apart from the MAs mentioned is there a special template? Also a link to read up on the system here? Find in it difficult to go through the pages due to work. My reason for lookTing back at this thread is that it seems indeed it can help with stress free trading, especially for people who don't have much extra time on their hands...

Miti,

If you really want to learn this ,then you definitely need to read the WHOLE thread.Having NO time will not be a reason for the market.Market will not care about whether you have time to READ and LEARN or not. or is it? there is so much more knowledge and charts in to it. However , there is a summary written by somebody (which you can find yourself) . But you will definitely not get a good picture of how Strats PASR works.There are two threads which discusses this.if you read the first page of this thread then you would have found the other.What ever the case putting in a little time and effort will not go down the drain.It's really worth it.

About the template..you can find it in this thread.do a search.but with out you learning to read it then how can you trade it?

Sorry if this is not what you expecting.

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #12,188
  • Aug 27, 2019 2:10am Aug 27, 2019 2:10am
Ok, here we go. On TIME FRAMES.

I'm failing to understand the core time-frame information discussed earlier in the thread. My reasons are based on seeing trades posted that appear to use a variety of different T/F MA structures - with some simply using 1 T/F MA's. With that in mind and my desire to stick with the larger T/F's:

1. When trading the Daily Bars, with the weekly as my 'BOSS' T/F, Should I be using using Both sets of MA's on my Daily chart or simply the Weekly (BOSS)?

2. When Daily P/A comes back to the Weekly (BOSS) MA value area (20/50 MA zone) - then there is a probability / possibility that the Daily MA-trend (50/20) will be opposing. This presents a conundrum as the Daily is our Worker / P/-A entry T/F but IF we have MA's on that T/F also - they will potentially be in conflict with the BOSS WEEKLY.

....am I making sense here?

Again, apologies for what may appear extraordinarily basic questions that I need to get my head around to create a foundation from which to develop (as what I've been doing to date has failed miserably). TIA
  • #12,189
  • Aug 27, 2019 2:11am Aug 27, 2019 2:11am
Quoting MikuSS
{quote} Let us bring the thread back to the T.....
Miku ,

Did you took this?

AUDCAD BASIC PASR H4

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Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #12,190
  • Aug 27, 2019 2:23am Aug 27, 2019 2:23am
Quoting Kneath
Ok, here we go. On TIME FRAMES. I'm failing to understand the core time-frame information discussed earlier in the thread. My reasons are based on seeing trades posted that appear to use a variety of different T/F MA structures - with some simply using 1 T/F MA's. With that in mind and my desire to stick with the larger T/F's: 1. When trading the Daily Bars, with the weekly as my 'BOSS' T/F, Should I be using using Both sets of MA's on my Daily chart or simply the Weekly (BOSS)? 2. When Daily P/A comes back to the Weekly (BOSS) MA value area (20/50...

Hellow Kneath,

I will attempt to answer this until you get somebody else's reply.


1. Yes you need to keep the both set of MAs and the Strat shadow in all of the charts.

2. Next, PRICE come back to Strat shadow doesn't simply means a trend will probably continue or not. there are lots of thing to be considered here. I can remember Strat asked us in The Path that the new guys need to learn BASIC PASR from Support /Resistance to first level of Support and Resistance first. when we fully master that then we can move in to other advanced concepts.You will need to learn the Basic Bars first. And this is what I am doing these days.

Hope this helps

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #12,191
  • Aug 27, 2019 2:34am Aug 27, 2019 2:34am
Quoting Kneath
Ok, here we go. On TIME FRAMES. I'm failing to understand the core time-frame information discussed earlier in the thread. My reasons are based on seeing trades posted that appear to use a variety of different T/F MA structures - with some simply using 1 T/F MA's. With that in mind and my desire to stick with the larger T/F's: 1. When trading the Daily Bars, with the weekly as my 'BOSS' T/F, Should I be using using Both sets of MA's on my Daily chart or simply the Weekly (BOSS)? 2. When Daily P/A comes back to the Weekly (BOSS) MA value area (20/50...
You are making it too complicated for yourself
  • #12,192
  • Aug 27, 2019 2:50am Aug 27, 2019 2:50am
Quoting Suran
{quote} Miti, If you really want to learn this ,then you definitely need to read the WHOLE thread.Having NO time will not be a reason for the market.Market will not care about whether you have time to READ and LEARN or not. or is it? there is so much more knowledge and charts in to it. However , there is a summary written by somebody (which you can find yourself) . But you will definitely not get a good picture of how Strats PASR works.There are two threads which discusses this.if you read the first page of this thread then you would have found...
I appreciate your answer. I initially ignored the thread because of the lots of motivational stuff on the initial pages and books on trading some of which I have read. And sometimes being a successful trader, one finds it a bit difficult to learn new things. I trade mostly one pair and I'm very successful with it, however, I believe this will help me easily trade other pairs without much stress and on longer timeframes. I will do my best to read through a good part of the thread during the coming weekend. Thank you.
  • #12,193
  • Aug 27, 2019 2:57am Aug 27, 2019 2:57am
Quoting Mitiblotch
{quote} I appreciate your answer. I initially ignored the thread because of the lots of motivational stuff on the initial pages and books on trading some of which I have read. And sometimes being a successful trader, one finds it a bit difficult to learn new things. I trade mostly one pair and I'm very successful with it, however, I believe this will help me easily trade other pairs without much stress and on longer timeframes. I will do my best to read through a good part of the thread during the coming weekend. Thank you.
ohh I see... I thought you were completely rookie..

There is a link to summary in the first page. and do a search Strat Shadow in the thread.
Focus, Patience, Discipline, Determination and Perseverance
  • #12,194
  • Edited 8:00am Aug 27, 2019 3:00am | Edited 8:00am
Quoting Suran
{quote} ohh I see... I thought you were completely rookie.. There is a link to summary in the first page. and do a search Strat Shadow in the thread.
Thank you, I definitely will. If I have questions after reading through I will ask you. Thanks again.
  • #12,195
  • Aug 27, 2019 3:56am Aug 27, 2019 3:56am
Quoting Mitiblotch
{quote} Thank you, I definitely will. If I have questions after read in through I will ask you. Thanks again.
Well, You may not. Cos I am no expert.just a rookie my self. Ask others..
Focus, Patience, Discipline, Determination and Perseverance
  • #12,196
  • Aug 27, 2019 5:32am Aug 27, 2019 5:32am
Quoting Kneath
Ok, here we go. On TIME FRAMES. I'm failing to understand the core time-frame information discussed earlier in the thread. My reasons are based on seeing trades posted that appear to use a variety of different T/F MA structures - with some simply using 1 T/F MA's. With that in mind and my desire to stick with the larger T/F's: 1. When trading the Daily Bars, with the weekly as my 'BOSS' T/F, Should I be using using Both sets of MA's on my Daily chart or simply the Weekly (BOSS)? 2. When Daily P/A comes back to the Weekly (BOSS) MA value area (20/50...
1. Have a good look at what the boss chart is telling you for the immediate trend (last few weeks) and longer term ( is the price going down left to right, flat, or otherwise). Note the important areas price has turned.

2. I think you're getting caught up in the moving averages. They are an indicator, you're more interested in what I've said in (1). Remember the boss tells the worker what to do, if the worker is not in agreement you wait until the boss tells gets it in line for the safest trades.

Hope this helps.
  • #12,197
  • Aug 27, 2019 5:47am Aug 27, 2019 5:47am
Quoting Kneath
Ok, here we go. On TIME FRAMES. I'm failing to understand the core time-frame information discussed earlier in the thread. My reasons are based on seeing trades posted that appear to use a variety of different T/F MA structures - with some simply using 1 T/F MA's. With that in mind and my desire to stick with the larger T/F's: 1. When trading the Daily Bars, with the weekly as my 'BOSS' T/F, Should I be using using Both sets of MA's on my Daily chart or simply the Weekly (BOSS)? 2. When Daily P/A comes back to the Weekly (BOSS) MA value area (20/50...
Hi Kneath,
Welcome to the thread! As Bistolis had commented, you are overcomplicating stuff.

Before you enter any trade, you need to do the three time frame analysis (starting from Big Boss, Boss, Worker). Read post #430 by Strat to give yourself a brief idea of what to do. To trade stress-free, all we have to do is follow the footsteps of the Big Boys.

Learn about confirmed swing high/low until you can identify them at a glance. Look at hammers, shooting stars, Bond Hammers and Shooting Stars, Engulfing candles on charts and ask yourself why they work/didn't work. Learn how to identify consolidation Vs trend, because we never trade in a consolidation..!

Also, remember Dr Joe's story by heart. Sell when it goes down, buy when it goes up. Never ever go countertrend for a start, unless you know what you are doing (think of a quickie..!). You'll only be wrong once. Look at NZD pairs. Those who buy are liquidity for the Big Boys!

Lastly, 72ema instead of 50 ema. It works much better as dynamic support and resistance than 50ema. Try it and you'll see!

P.S. I reread Dr Joe's story at least once a week, and everyone should too!
  • #12,198
  • Aug 27, 2019 9:07am Aug 27, 2019 9:07am
Quoting Rub
{quote} I didn't take any of them. I'm looking at GBPAUD for a long entry though.
Was this the one that you were looking for?

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  • #12,199
  • Aug 27, 2019 9:24am Aug 27, 2019 9:24am
Quoting Suran
{quote} Miku , Did you took this? AUDCAD BASIC PASR H4 {image} Suranga
Hi Suran,

Good catch on this trade!

No I didn't take this trade for 2 reasons:
1) Price is ranging and
2) Mid-range of Weekly Control Candle doesnt give the best R:R.

On H4, I prefer trending or breakout pairs, with the sort of trend that you see on m5 charts, which respects the Strat Shadow well.

Today I was focusing on EURGBP. Price was close to 200ema and Strat Shadow, which is a strong confluence that doesn't come often.
Missed second candle because I was away.
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  • #12,200
  • Aug 27, 2019 9:25am Aug 27, 2019 9:25am
Todays add-on trade for GBPNZD.

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