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Strat's PASR Long Term, Stress Free Trading

  • #12,721
  • Feb 9, 2020 10:43am Feb 9, 2020 10:43am
Quoting Ezym
Hi, A newbie question is the candle mark with the arrow a bullish Engulfing Candle? {image}
Not exactly, the open of the marked candle needs to be the same or lower than close of the previous candle.
  • #12,722
  • Edited 11:11am Feb 9, 2020 10:52am | Edited 11:11am
Refresher on Strat's explanation of The Power of Time Frames:

Big Boss topping and turning at the end of December, followed by Boss and then worker turning back into the down trend providing two opportunities to get short.

Move so far completed through the bottom of the December BB candle.

When used in conjunction with the Strat Shadow, it can be seen how powerful is this combination, it's a thing of beauty.

I didn't include the Boss and Big Boss chart, but for those interested you can see how the shadow on those time frames came into play as well.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDDailylinechart.png Size: 25 KB
Click to Enlarge Name: EURUSDDaily1.png Size: 31 KB
  • #12,723
  • Feb 9, 2020 6:21pm Feb 9, 2020 6:21pm
Quoting TerryDawe
{quote} Not exactly, the open of the marked candle needs to be the same or lower than close of the previous candle.

Understood. Thanks Terry
  • #12,724
  • Feb 9, 2020 6:46pm Feb 9, 2020 6:46pm
Hi, thanks for all the content Strat

Can i just clarify for 5m trading, is the Big Boss 1H and Boss 15 Min? Or do we just look for PASR on 5m at London open?
  • #12,725
  • Feb 10, 2020 1:42am Feb 10, 2020 1:42am
Hi,

GBPUSD Price break and close below the WCC on a weekly chart. Would like to ask did i mark the WCC correctly(as it it at the swing high and a bearish bar)?
Attached Image (click to enlarge)
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  • #12,726
  • Feb 10, 2020 7:34am Feb 10, 2020 7:34am
Quoting Ezym
Hi, GBPUSD Price break and close below the WCC on a weekly chart. Would like to ask did i mark the WCC correctly(as it it at the swing high and a bearish bar)? {image}
Yes that is a WCC. 440 lovely pips of PASR opportunity.

Cheers

BTS
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,727
  • Feb 10, 2020 3:17pm Feb 10, 2020 3:17pm
right boys and girls. no more secrets....this is where i have ended up on my journey since starting here on Strats PASR forum.....i will not explain anything, this will be self evident if you strive to get closer to your goals.....one thing though. BEWARE of the one called ELIJAH. as good as he is he is a temperamental jerk. take what you can from him, BUT DO BE CAREFUL......

GOOD LUCK people.....

Again and always Strat, im forever grateful to you and PASR for helping me build my foundation......Love You Man......

https://www.forexfactory.com/news/96...ts-lower-rates
If at first you don't succeed, try, try again.
  • #12,728
  • Feb 10, 2020 3:55pm Feb 10, 2020 3:55pm
Quoting Rub
{quote} Why? I have marked my support and resistance levels. I have the 20, 72, and 200 EMA on the chart. The only things different are I took off the MA fill and I have the background to a less eye searing colour from when I tried Davit's pivot trading a few years ago. The way I see it is USDCAD is coming into a resistance level of a weekly range. It may bounce back down or it may break it. We'll see next week.
Clues for me would be on H4 and H1 at some point this week. I've learnt from trading USDCAD on the Worker it can trap you for days/weeks, best to nip in and out... take it out in chunks.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 51 KB


I would also like to SEE something from the big boys at these levels - so not quite ripe for me yet.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,729
  • Feb 10, 2020 11:46pm Feb 10, 2020 11:46pm
Quoting BeyondTheSea
{quote} Clues for me would be on H4 and H1 at some point this week. I've learnt from trading USDCAD on the Worker it can trap you for days/weeks, best to nip in and out... take it out in chunks. {image} I would also like to SEE something from the big boys at these levels - so not quite ripe for me yet.

Pretty much what I was thinking, it's at a level that it's worth watching. If there's a BEOB or BEEB on the daily I'll take it, otherwise.....
  • #12,730
  • Feb 12, 2020 11:58am Feb 12, 2020 11:58am
Couple of PASR trades on H4
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDCADH4.png Size: 36 KB
Click to Enlarge Name: NZDUSDH4.png Size: 34 KB
  • #12,731
  • Feb 12, 2020 12:08pm Feb 12, 2020 12:08pm
Quoting TerryDawe
Couple of PASR trades on H4 {image} {image}
Hi Terry

These charts remind me of Trogger's insects!

Regards
Pete
  • #12,732
  • Feb 12, 2020 1:09pm Feb 12, 2020 1:09pm
Well, the USDCAD trade I was talking about triggered. Optimistic target, but I'll watch price action.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 43 KB
  • #12,733
  • Feb 12, 2020 4:17pm Feb 12, 2020 4:17pm
When it comes to trading, I am not a noob. However, I am always open to learning new things (as long as it's not over-complicated). And I don't mind be reminded of stuff I already know.

Having said that, I am currently going through Strat's Core System. I like it. And I especially like the story about Dr. Joe. It sounds like he was a good guy, like someone who would have been a good friend.

It's too bad I didn't stumble upon this information years ago. It would have kept me from making so many mistakes and wasting so much time and money on nonsense.
Learn from your mistakes and march on.
  • #12,734
  • Feb 13, 2020 2:44am Feb 13, 2020 2:44am
Quoting Rub
Well, the USDCAD trade I was talking about triggered. Optimistic target, but I'll watch price action. {image}
I placed the trade then closed it cos I doubted myself. I see price closed above the 20MA in the big boss and in up direction same as boss which is above the 20MA which is just crossed above the 72MA so its clearly going up according to strat shadow, even though its a nice bearish engolfing on the daily but that means we going against the trend. Can anyone please correct me if i am wrong here just trying to learn.
thank you
Max
  • #12,735
  • Feb 13, 2020 3:48am Feb 13, 2020 3:48am
Anyone considered oil?

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  • #12,736
  • Feb 13, 2020 7:17am Feb 13, 2020 7:17am
Quoting Szpons
Anyone considered oil? {image}
I have and got away with it unscathed. Although I quickly learnt that trading Oil has nothing to do with technical chart analysis or anything you think you know about the market.

I do not touch it because I would lose a lot of money VERY QUICKLY.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,737
  • Feb 13, 2020 9:16am Feb 13, 2020 9:16am
Quoting JCMPete
{quote} Hi Terry These charts remind me of Trogger's insects! Regards Pete
If he referred to them because they just crawled along, he is correct. I just closed both trades with a small profit and will look for more volatility.

Regards
Terry

Does anyone have the ATR20 indicator that I can download? I had to reinstall my MT4 platform and have lost all my previous stuff.
  • #12,738
  • Feb 13, 2020 10:15am Feb 13, 2020 10:15am
Quoting BeyondTheSea
{quote} I have and got away with it unscathed. Although I quickly learnt that trading Oil has nothing to do with technical chart analysis or anything you think you know about the market. I do not touch it because I would lose a lot of money VERY QUICKLY.
It is still doable but differently.

While trading commodities I'm looking to take position for weeks/months not days.
Leveraged CFD's are too risky for me here, ETF's are doing better job.
  • #12,739
  • Feb 13, 2020 8:23pm Feb 13, 2020 8:23pm
Quoting strat
You do not need to sit and watch the one eyed monster all day, you do not need to interfere with your plan, you do not need to do anything further until 5pm NY time next day.

The absolute worst thing for anyone trading the Daily to do is watch what happens on a shorter time frame or watch the Daily candle DURING trading hours. We don't care what goes on within that Daily candle - all we are concerned with after 5pm NY time is where the candle closes and where it's been.
This is gold!
Learn from your mistakes and march on.
  • #12,740
  • Feb 13, 2020 10:43pm Feb 13, 2020 10:43pm
Quoting Max333
{quote} I placed the trade then closed it cos I doubted myself. I see price closed above the 20MA in the big boss and in up direction same as boss which is above the 20MA which is just crossed above the 72MA so its clearly going up according to strat shadow, even though its a nice bearish engolfing on the daily but that means we going against the trend. Can anyone please correct me if i am wrong here just trying to learn. thank you Max
That sounds a lot like you're trading the EMA's not the price action as such. Have a look at the pictures I took from my initial post here. https://www.forexfactory.com/showthr...0#post12744850

Now below is the same pictures with my reasoning. Remember with Big boss and boss are from my weekend analysis, finding the levels and working out what I'll do there. If price reaches that level shows me clearly what it's doing, I can enter. Otherwise leave it alone.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADMonthly.png Size: 32 KB
Click to Enlarge Name: USDCADWeekly.png Size: 35 KB
Click to Enlarge Name: USDCADDaily.png Size: 33 KB
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