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Strat's PASR Long Term, Stress Free Trading

  • #12,261
  • Edited 12:16pm Sep 11, 2019 2:19am | Edited 12:16pm
Quoting Rub
{quote} My take on it is it's showing higher highs and higher lows. The top shows as a double top. {quote} I'm intending to trail my stop below swing lows until I get stopped out, but I see 135 or just shy as a reasonable target for exactly the reasons you've mentioned. If you'd been brave you could have entered on the doji of the 3rd-september (previous support - look left!), but I waited until the week close (bullish engulfing bar!), then looked for an entry on the 4hr chart (as I can trade the yen pairs on 4hr comfortably). Remember this is overall...
Hey Rub, thanks for the great explanation!

It answers a lot! I will trail the stop too with 50% of the trade and let the rest to hit 135. Will put it at BE at the close of first 50% of the trade /below swing low/ Let's pretend that the price was not at support at the time of the trade. This is still valid entry from the strat shadow, which is acting as dynamic support right?

Thanks in advance!

Have a good day,
Emil Ushev
You attract what you think in any area of life, relationships and trading!
  • #12,262
  • Sep 11, 2019 3:22am Sep 11, 2019 3:22am
Quoting strat
PASR {quote} but one thing i cant grasp or base any type of decision making on is the Strat Shadow There is SO MUCH you have not understood about PASR! i dont know if its a brain freeze (like a permanent one) or im just too dumb to understand it. Whatever it is, you need to find out why and understand it like the back of your hand for what its worth im looking at these on the 4hr for the coming week You have not mastered PASR on the daily time frame yet so why are you looking at H4? Until you understand PASR on the daily you should FORGET all shorter...
Thank you for your post to encourage others. As I am older and older I trust karma more and more. Sometimes it looks like that I am rough to other traders but in spirit of this thread, no spoon feeding and still a lot of fellow traders think that someone will trade instead of them. The best what could happen to me when I realized that all is in my hands

Some hints to sentiment

Open timeframe, for example H1 and ask questions to yourself, what color strat shadow shows me, what is momentum, what is my plan?

Attached Image (click to enlarge)
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Then go to lower timeframe M15 in this case and search for end of corrections in direction of trend

Study history all is there, big boys are still the same, still same habits

Attached Image (click to enlarge)
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and there

Attached Image (click to enlarge)
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Hope it helps to someone

MH
  • #12,263
  • Sep 11, 2019 4:03am Sep 11, 2019 4:03am
Remember this is overall a counter trend trade. Does that answer things?[/quote]


Sorry for the question, but there is a confirmed swing low on weekly and daily chart, so the immediate trend is up. From what i read in both threads is that in order to trade the worker we need to know who is in the control of the current swing on the boss, because he governs the worker direction. In my "newbie opinion"the trend is up on both weekly and daily and it is okay to go long. IF my Big Boss is WK chart, Boss daily and worker 4 hr and all of them are up, is the trade still counter trade, for me its clear long? Is negative Strat shadow on both WK and daily a big obstacle for the price? Is this the reason to call it counter trend? Any newbies like me do not take my words for true, please read both threads as my opinion might be misleading!

Thanks for the help and contributing! As Strat said karma will reward you and i hope so!

Best regards,
Emil
You attract what you think in any area of life, relationships and trading!
  • #12,264
  • Sep 11, 2019 4:05am Sep 11, 2019 4:05am
Quoting Mhons
{quote} Thank you for your post to encourage others. As I am older and older I trust karma more and more. Sometimes it looks like that I am rough to other traders but in spirit of this thread, no spoon feeding and still a lot of fellow traders think that someone will trade instead of them. The best what could happen to me when I realized that all is in my hands Some hints to sentiment Open timeframe, for example H1 and ask questions to yourself, what color strat shadow shows me, what is momentum, what is my plan? {image} Then go to lower timeframe...
Thank you both!

Put it in my notebook/jornal to review it again and again!

Best regards,
Emil
You attract what you think in any area of life, relationships and trading!
  • #12,265
  • Sep 11, 2019 10:18am Sep 11, 2019 10:18am
Quoting strat
EURAUD M5 {quote} Well done, you did good - a perfect execution of PASR. Something must be sinking in! What made you choose EUR over GBP? GBP, most times, has much more volatility than EUR. That same trade, at the same time, but on GBPAUD, would have produced 300% more profit!
Mr Strat, I know GBP moves more pips just like you always say, but when trading it, your SL is also bigger. Does that not mean at the end that it becomes like the same of trading other pairs? I believe what you say, because you have the experience. I just always like matematically understanding everything before applying it.

Sorry to get so late on your very interesting Topic and strategy. I am learning a lot form reading it all. I am already 3 year busy on trading Forex and it is about time to get consistantly profitable. I shall not stop learning untill getting there.
Thank you for all the efforts you have made to help us becoming real traders.
Greetings
  • #12,266
  • Sep 11, 2019 11:05am Sep 11, 2019 11:05am
Quoting felipe6
{quote} Mr Strat, I know GBP moves more pips just like you always say, but when trading it, your SL is also bigger. Does that not mean at the end that it becomes like the same of trading other pairs? I believe what you say, because you have the experience. I just always like mathematically understanding everything before applying it. Sorry to get so late on your very interesting Topic and strategy. I am learning a lot form reading it all. I am already 3 year busy on trading Forex and it is about time to get consistently profitable. I shall not stop...
I know GBP moves more pips just like you always say, but when trading it, your SL is also bigger. Does that not mean at the end that it becomes like the same of trading other pairs?

GBP pairs are "usually" more volatile than other major pairs and with that comes more RISK.

REWARD is proportional to RISK so choose the pair which matches your RISK tolerance.

However, if you carefully choose your pair, and particularly your entry, you can minimise your RISK while still enjoying REWARDS of 5 times greater than RISK - see SL and TP on today's GBPJPY and EURJPY.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #12,267
  • Sep 11, 2019 11:23am Sep 11, 2019 11:23am
Quoting strat
{quote} I know GBP moves more pips just like you always say, but when trading it, your SL is also bigger. Does that not mean at the end that it becomes like the same of trading other pairs? GBP pairs are "usually" more volatile than other major pairs and with that comes more RISK. REWARD is proportional to RISK so choose the pair which matches your RISK tolerance. However, if you carefully choose your pair, and particularly your entry, you can minimise your RISK while still enjoying REWARDS of 5 times greater than RISK - see SL and TP on today's...
Thank you for this system though am trading this Template in a very different way and only trading GBP Pairs only for two months now made 2500 pips this week and made above that last week. But this question has been disturbing me for sometime now and is fear for me. The question is will GBP still be this volatile with big moves after BREXIT? i know it has been since like this since a decade ago but am asking any ideas if it will remain the same with this big moves and volatility. Any ideas thank you
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #12,268
  • Sep 11, 2019 3:14pm Sep 11, 2019 3:14pm
Quoting Eushev24
Remember this is overall a counter trend trade. Does that answer things?
Sorry for the question, but there is a confirmed swing low on weekly and daily chart, so the immediate trend is up. From what i read in both threads is that in order to trade the worker we need to know who is in the control of the current swing on the boss, because he governs the worker direction. In my "newbie opinion"the trend is up on both weekly and daily and it is okay to go long. IF my Big Boss is WK chart, Boss daily and worker 4 hr and all of them are up, is the trade still counter trade, for me its clear long? Is negative Strat shadow on both WK and daily a big obstacle for the price? Is this the reason to call it counter trend? Any newbies like me do not take my words for true, please read both threads as my opinion might be misleading! Thanks for the help and contributing! As Strat said karma will reward you and i hope so! Best regards, Emil[/quote]

I called it a down trend overall simply because the strat shadow on all time frames big boss, boss and worker are all red. The immediate trend is up, but it is against the overall trend that's shown.
  • #12,269
  • Sep 11, 2019 3:41pm Sep 11, 2019 3:41pm
Quoting Rub
{quote} Sorry for the question, but there is a confirmed swing low on weekly and daily chart, so the immediate trend is up. From what i read in both threads is that in order to trade the worker we need to know who is in the control of the current swing on the boss, because he governs the worker direction. In my "newbie opinion"the trend is up on both weekly and daily and it is okay to go long. IF my Big Boss is WK chart, Boss daily and worker 4 hr and all of them are up, is the trade still counter trade, for me its clear long? Is negative Strat...
I called it a down trend overall simply because the strat shadow on all time frames big boss, boss and worker are all red. The immediate trend is up, but it is against the overall trend that's shown.[/quote]
Thank you for your reply!

Have a good night,
Emil
You attract what you think in any area of life, relationships and trading!
  • #12,270
  • Sep 11, 2019 5:05pm Sep 11, 2019 5:05pm
Quoting Eushev24
Remember this is overall a counter trend trade. Does that answer things?
Sorry for the question, but there is a confirmed swing low on weekly and daily chart, so the immediate trend is up. From what i read in both threads is that in order to trade the worker we need to know who is in the control of the current swing on the boss, because he governs the worker direction. In my "newbie opinion"the trend is up on both weekly and daily and it is okay to go long. IF my Big Boss is WK chart, Boss daily and worker 4 hr and all of them are up, is the trade still counter trade, for me its clear long? Is negative Strat shadow on both WK and daily a big obstacle for the price? Is this the reason to call it counter trend? Any newbies like me do not take my words for true, please read both threads as my opinion might be misleading! Thanks for the help and contributing! As Strat said karma will reward you and i hope so! Best regards, Emil[/quote]

IF my Big Boss is WK chart, Boss daily and worker 4 hr and all of them are up, is the trade still counter trade, for me its clear long?
That means the pair is in harmony, so find opportunities to go long with PASR.

Is negative Strat shadow on both WK and daily a big obstacle for the price? Is this the reason to call it counter trend?
As Strat and Mhons previously mentioned, one of the uses of the Strat Shadow is to show the sentiment of the buyers and sellers in a period. However, we do not always wait for the Shadow to turn positive/negative for trades to happen. PASR is the primary reason of why we enter trades. And of course, we need to manage and accept all risk.

Understand how Price behaves around the Strat Shadow and you will find the same patterns happening all the time.
  • #12,271
  • Sep 12, 2019 3:39am Sep 12, 2019 3:39am
Hi everyone.
Sorry for my English.
I would like to know where I find indicators to create my template?
To start studying PASR?
Are the entry and exit rules described on page 1?
Thanks
Carpe diem, quam minimum credula postero. "Orazio"
  • #12,272
  • Sep 12, 2019 4:38am Sep 12, 2019 4:38am
Quoting Ubi.Major
Hi everyone. Sorry for my English. I would like to know where I find indicators to create my template? To start studying PASR? Are the entry and exit rules described on page 1? Thanks

Sorry I may have found it.
I did a better search

Post 4,828
Post 4,829

Now I miss finding the rules
Carpe diem, quam minimum credula postero. "Orazio"
  • #12,273
  • Sep 12, 2019 6:57am Sep 12, 2019 6:57am
Quoting Ubi.Major
{quote} Sorry I may have found it. I did a better search Post 4,828 Post 4,829 Now I miss finding the rules
PASR is the tool

you have to create rules
  • #12,274
  • Sep 12, 2019 7:41am Sep 12, 2019 7:41am
Quoting Ubi.Major
{quote} Sorry I may have found it. I did a better search Post 4,828 Post 4,829 Now I miss finding the rules
There are no "rules". Read again and again on both threads until it makes sense
  • #12,275
  • Sep 12, 2019 8:05am Sep 12, 2019 8:05am
Quoting MikuSS
{quote} Sorry for the question, but there is a confirmed swing low on weekly and daily chart, so the immediate trend is up. From what i read in both threads is that in order to trade the worker we need to know who is in the control of the current swing on the boss, because he governs the worker direction. In my "newbie opinion"the trend is up on both weekly and daily and it is okay to go long. IF my Big Boss is WK chart, Boss daily and worker 4 hr and all of them are up, is the trade still counter trade, for me its clear long? Is negative Strat...
IF my Big Boss is WK chart, Boss daily and worker 4 hr and all of them are up, is the trade still counter trade, for me its clear long? That means the pair is in harmony, so find opportunities to go long with PASR. Is negative Strat shadow on both WK and daily a big obstacle for the price? Is this the reason to call it counter trend? As Strat and Mhons previously mentioned, one of the uses of the Strat Shadow is to show the sentiment of the buyers and sellers in a period. However, we do not always wait for the Shadow to turn positive/negative for trades to happen. PASR is the primary reason of why we enter trades. And of course, we need to manage and accept all risk. Understand how Price behaves around the Strat Shadow and you will find the same patterns happening all the time.[/quote]

Thank you MikuSS!
You attract what you think in any area of life, relationships and trading!
  • #12,276
  • Sep 12, 2019 10:35am Sep 12, 2019 10:35am
PASR

Just posted this for Suranga on his thread in Trading Journals

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15 YEARS OF PASR ON FOREX FACTORY!
  • #12,277
  • Sep 12, 2019 3:10pm Sep 12, 2019 3:10pm
*sigh*

Stopped out after adding on a trade.
Attached Image (click to enlarge)
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  • #12,278
  • Sep 12, 2019 8:54pm Sep 12, 2019 8:54pm
Quoting Rub
*sigh* Stopped out after adding on a trade. {image}
May be if you add daily Strat Shadow resistance then you might not have taken that second trade. PRICE bounced back hitting daily 72.
Focus, Patience, Discipline, Determination and Perseverance
  • #12,279
  • Sep 12, 2019 8:56pm Sep 12, 2019 8:56pm
EURGBP

Pros
1. A+ BUOB (Close of the bar is at extreme)
2.PRICE supported by 50% Ret
3.Previous S\R
4. Rejected by Worker 200+ and BOSS 20.

Cons
Daily counter trend


However, lots of point towards UP

Plan
take profit at .90500 or reverse PA

Attached Image (click to enlarge)
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Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #12,280
  • Sep 13, 2019 12:10am Sep 13, 2019 12:10am
Who fancies a EUR trade? I like EURAUD myself, nice hammer going there.
Attached Image(s) (click to enlarge)
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