Strat's PASR Long Term, Stress Free Trading | Page 630 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MY PASR journey Based on Strat's PASR Trading 76 replies

M5 PASR Trend Trading Strat 95 replies

My PASR Trend Trading Journals 3 replies

A young trader's road to profitability - PASR trading - Live 11 replies

Fibs trading and PASR 0 replies

Attachments: Strat's PASR Long Term, Stress Free Trading
Exit Attachments

Strat's PASR Long Term, Stress Free Trading

  • #12,581
  • Dec 25, 2019 2:19pm Dec 25, 2019 2:19pm
Quoting Rub
Anyone like the GBP pairs for a short? All charts the weekly.... {image} {image} {image} {image} {image}
I think that are good for one week or two, except GBPAUD ( I don't have analysis for GBPJPY and GBPNZD):

These are my charts

GBPAUD
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-12-25-160825_1300x616_scrot.png Size: 32 KB


GBPCAD
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-12-25-160933_1260x482_scrot.png Size: 27 KB


GBPCHF
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-12-25-161046_1072x439_scrot.png Size: 24 KB


GBPUSD
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-12-25-161204_1145x472_scrot.png Size: 27 KB
  • #12,582
  • Dec 25, 2019 3:57pm Dec 25, 2019 3:57pm
This thread stopped living at the end of 2018, it's a pity, there was a real dynamic, even if in the end all the content is here.

I wonder what happened to the others, did they abandoned or did they become a forex trader for life?
  • #12,583
  • Edited 8:55pm Dec 25, 2019 6:50pm | Edited 8:55pm
Quoting Suran
{quote} Ohh I see .Thanks alot . Merry Christmas !
Merry Christmas to your family as well.
But here is the interesting thing, there would have been orders in that gap but the market jumped over top of them to take (probably are large pools of orders) orders that the market really wanted. It’s those missed orders is the sole reason price normally fills the gap (drops back to close those orders).
I have proved this many times by placing a small Sell limit order just underneath a large liquidity pool of orders and perhaps 30% of times, it gets missed. Interesting in this case if that order had of been a Buy Stop order, it’s normally taken.
So i am saying the market in this case wanted to buy a large group of orders with a buy bias while skipping some small sell orders.
They are preplanned fake breakouts and only take the orders it wants.

Notice I said it, not who. The market makers don’t have control like many traders think. There is something bigger than even them that’s moving the market.
Trading thin liquidity at the boundary of the charts
  • #12,584
  • Dec 25, 2019 7:59pm Dec 25, 2019 7:59pm
Hello everyone, this is my first post here, maybe the first post ever.

Wish you all a merry christmas and a happy New year.

I won't post trades anytime soon since i just started reading the commercial content.

Anyways just wanted to show gratitude for this huge work done with PASR.
MTN
  • #12,585
  • Dec 26, 2019 6:53am Dec 26, 2019 6:53am
Quoting landax
This thread stopped living at the end of 2018, it's a pity, there was a real dynamic, even if in the end all the content is here. I wonder what happened to the others, did they abandoned or did they become a forex trader for life?

Looks like abandoned ship type scenario ....check strat's profile.You will know...that's life mate..
Focus, Patience, Discipline, Determination and Perseverance
  • #12,586
  • Dec 27, 2019 12:56am Dec 27, 2019 12:56am
A belated Merry Christmas to Strat and fellow traders on the path. May 2020 be a prosperous year for a all.

Regards
Pete
  • #12,587
  • Dec 27, 2019 3:59am Dec 27, 2019 3:59am
Quoting PipTracy
{quote} I think that are good for one week or two, except GBPAUD ( I don't have analysis for GBPJPY and GBPNZD): These are my charts GBPAUD {image} GBPCAD {image} GBPCHF {image} GBPUSD {image}
gbpchf and gbpcad should go down, correct?
  • #12,588
  • Dec 27, 2019 8:33am Dec 27, 2019 8:33am
Here goes nothing

The trade (demo) and the reasons.

EURUSD loosks good, CADCHF is teaching me.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 39 KB
Click to Enlarge Name: CADCHFDaily.png Size: 58 KB
MTN
  • #12,589
  • Dec 27, 2019 8:56am Dec 27, 2019 8:56am
Quoting Marcelomtn
Here goes nothing The trade (demo) and the reasons. EURUSD loosks good, CADCHF is teaching me. {image} {image}
For CADCHF: Monthly, Weekly and Daily the market is ranging. I think it is not a good pair to trade.
  • #12,590
  • Dec 27, 2019 9:34am Dec 27, 2019 9:34am
Quoting angifactor66
{quote} gbpchf and gbpcad should go down, correct?
Could you show your analysis in which you conclude that the price should go down?
  • #12,591
  • Dec 28, 2019 1:41pm Dec 28, 2019 1:41pm
Quoting landax
This thread stopped living at the end of 2018, it's a pity, there was a real dynamic, even if in the end all the content is here. I wonder what happened to the others, did they abandoned or did they become a forex trader for life?
Hi Landax

The problem is Strats strategy is based on pure Price Action which is great, however that doesn’t factor increased manipulation that the markets have these days. A good old engulfing candle is often a setup by big players to destroy retail traders accounts. Many classic patterns have become bad setups as well. The proof is right here, many traders have failed trading price action strategy’s.

So what do we do?

We need to be trading the “Manipulation of price action” these days.
So wait for the standard setups, wait for the clean out of retail traders and then follow through with the initial setup if it’s still valid.
Trading thin liquidity at the boundary of the charts
  • #12,592
  • Dec 28, 2019 9:49pm Dec 28, 2019 9:49pm
Hi RickM, can you elaborate more on your "Manipulation of price action"?

Thank you.
  • #12,593
  • Dec 29, 2019 9:22am Dec 29, 2019 9:22am
Just a reminder Strat's strategy is based on Price Action at Support Resistance (PASR), not just price action.

If you look at the attached chart for gold there can be seen several examples of PASR and a few of Strat's other signals such as his straddle.

Also if you add the WCC factor to include the filter of Boss swing not complete if the current WCC is breached but a new WCC is formed, swing remains in previous direction (in this case up) so only look for trades on worker in that direction. There were also a few good PASR signals to go long in this case.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLD.proWeekly.png Size: 23 KB
Click to Enlarge Name: GOLD.proDaily.png Size: 43 KB
  • #12,594
  • Dec 29, 2019 10:02am Dec 29, 2019 10:02am
An example of PASR signals and shadow on EURJPY trading in direction of primary trend
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.proDaily.png Size: 31 KB
  • #12,595
  • Dec 29, 2019 10:17am Dec 29, 2019 10:17am
Just learning, but the method looks simple and effective.

Time will tell (For me).

Edit: Forgot that little hammer
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 37 KB
MTN
  • #12,596
  • Dec 29, 2019 1:51pm Dec 29, 2019 1:51pm
Quoting Marcelomtn
Just learning, but the method looks simple and effective. Time will tell (For me). Edit: Forgot that little hammer {image}
That is not hammer it is inside bar that has totally difference meaning.

Go back and learn candlestick patterns again

MH
  • #12,597
  • Dec 29, 2019 1:56pm Dec 29, 2019 1:56pm
Quoting Mhons
{quote} That is not hammer it is inside bar that has totally difference meaning. Go back and learn candlestick patterns again MH
Thank you for the correction
MTN
  • #12,598
  • Dec 29, 2019 10:36pm Dec 29, 2019 10:36pm
Quoting Marcelomtn
{quote} Thank you for the correction
Neverless they were designed for Stock trading and are Stock Candle patterns. Then they were later applied to Forex trading candlestick patterns that produces mainly losses for most traders using them. Forex candlestick patterns are not single candles but sets of three or more candles grouped together. I do find the good old Pin Bar realises nice profits in Forex trading but the rest have not proven to be reliable. As a EA developer, I have design EA's to just trade precise candle stick patterns as seen in the trading manuals, all without fail show nil return or a very small profit at best over a 12 month cycle.

Here is an example of a true Forex pattern which works well.

What I am saying is my all means trade those Stock Candle Patterns if you like, then learn why 90% of Forex traders fail.
Please excuse me if you do use those patterns and are very profitable, well done - you deserve a medal.
Attached Image
Trading thin liquidity at the boundary of the charts
  • #12,599
  • Dec 29, 2019 10:50pm Dec 29, 2019 10:50pm
Quoting Corinna
Hi RickM, can you elaborate more on your "Manipulation of price action"? Thank you.
Corinna, my last post is a Forex Pattern that rely's on Manipulation of the market occurring to be successful.
On candles 2 and 3, all had stop runs which would have caught many traders going short.

DON'T BE A SHEEP
Trading thin liquidity at the boundary of the charts
  • #12,600
  • Dec 30, 2019 12:57am Dec 30, 2019 12:57am
Quoting RickM
{quote} Corinna, my last post is a Forex Pattern that rely's on Manipulation of the market occurring to be successful. On candles 2 and 3, all had stop runs which would have caught many traders going short. DON'T BE A SHEEP
hey there!

I am new to the thread. I am reading and practicing for few months now on 5 min and larger time frame. Let’s pretend that we did an analysis of the big boss, boss and worker and everything aligns with PASR than candles 2 or 3 would not have caught Strat’ PASR traders, because the SL would not be so tight. We put stop loss on s/r levels or swing high/low. So the chance of getting caught is way smaller. It’s hard to say from so small sample.
On your next question, why do 90 % of the traders fails. It has nothing to do with the strategy, but the mindset. You need some TITZ mate . I am still in the path long way to go, not so much from technical point of view, but I need to develop the mindset needed to succeed. Greatest battle is me versus me and my disbeliefs, emotions, fear and greed. When the war ends stress free and harmonic trading is waiting for me . I have another question for you. If you give 100 men a working and simple strategy how many of them will be successful? All of them? 50% and what makes the difference?
Have a great new year it’s time to celebrate now and spent time with friends and family
You attract what you think in any area of life, relationships and trading!
5 traders viewing now