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Strat's PASR Long Term, Stress Free Trading

  • #12,761
  • Feb 20, 2020 10:38am Feb 20, 2020 10:38am
Quoting Mhons
For more patient fellow traders then me we have still original WORKER that produce hundreds and thousands of pips. I saw post from someone saying that markets are not the same as 10 years before. TREND is TREND PASR is PASR. Well if conditions changed PASR also changed in terms of momentum different volatility, swings, ranges but still PASR shows actual situation at markets, stop looking for what is not there. PASR will always show market conditions {image} {image} repeat situations from past, after stock open, few SL taking and movement as Big...

Well said Mhons!

Regards
Pete
  • #12,762
  • Feb 20, 2020 10:47am Feb 20, 2020 10:47am
AudChf H1 PASR Trade using Strat Shadow and PA

Regards
Pete
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  • #12,763
  • Feb 20, 2020 11:12am Feb 20, 2020 11:12am
Good day All

GbpUsd Analysis

Retest of the 2016 and 2019 lows on the cards, what do you think?

Regards
Pete
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  • #12,764
  • Feb 20, 2020 11:16am Feb 20, 2020 11:16am
Learning to trust the Strat Shadow...
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  • #12,765
  • Feb 20, 2020 11:57am Feb 20, 2020 11:57am
Quoting equa
Hi Pete - thnx for your comments. I have read up to post 4001 on this thread. I read the beginning of the older thread but when I saw this one, and especially the M5 strategy, I decided to put my time in here as that is my preferred time frame. Yes, the time frame is M5 - I will be sure to include more info on charts I post going forward. And I have the FF events calendar open every day and avoid having positions on at the time high impact news is released. I have been studying this thread for a few weeks now but have not really committed to it....
Hi equa

"I have been studying this thread for a few weeks now but have not really committed to it"

Just do it...commit and learn.

We have all started on this path at some stage or the other. Some were lucky enough to be with Strat from the beginning. The rest of us are simply following in his Shadow, no pun intended. Some disappeared along the way but some went on to become successful traders in their own right. My own journey only started about 2 years ago so I am just another fellow student learning the trade according to the path Strat set out. So in real terms, as far knowing what I am doing I am about knee high to a grasshopper in stature. Strat has said on numerous occasions that it takes about three years of hard work studying thousands of charts to become a real trader.

That being said, keep on posting and feel free to ask your questions. This thread has always been giving in the spirit of Traders Helping Traders if you show commitment and willingness to learn and abide with the rules of the path.

Regards
Pete
  • #12,766
  • Feb 20, 2020 4:17pm Feb 20, 2020 4:17pm
Thanks for your kind words Pete, I appreciate the reality check and encouragement.

Reading through the posts I sense the camaraderie and the spirit of helping on this thread to get a grip on PASR which 'reads' simple but is anything but easy at the hard right edge. I look forward to getting into gear next week.

cheers equa
  • #12,767
  • Edited 5:31pm Feb 23, 2020 4:13pm | Edited 5:31pm
Attachment GAttachment G
Quoting Mhons
{quote} I dont think so that you fully understand. PA candles. without context mean nothing. PA at S/R does not mean you automatically open trade. {image} {image}
Quoting Szpons
{quote} 1. Candle power You have correctly identified price action at support/resistance but... Candles you've entered have a poor meaning... yet In both cases you have no exshaustion, no rejections just a bunch of buyers/sellers which were quickly overtaken. In such situations you need confirmation eg. confirm swing high/low. Please read more on that 2. Power of timeframes In case of EG you're against strong downtrend. Do you know that? 3. Plan - most important Do you have it? What was it? Anyway EG support you've chosen is still intact
Hi everyone, so I have been lurking the thread for 5 months, and decided to start asking questions and I am sure there are a lot of very experienced people here could help me get there, so please be patient if my question/analysis are wrong, and direct me to what I am missing. Szpons and Mhons thanks again for you early comments, as it made me go and re read again and it seems like everytime I read STRAT PASR I learn something new.

I am still thinking about this one. so my understanding that the Boss is back in downtrend formation, however price in WC and the lower high was not yet confirmed but price was rejected from the Boss resistance (white line) and also the 0.618 Fib, and the 50MA.
on the worker the price gave us a massive BEEB but MA still crossed and down trend was broken at the aqua line so no yet swing confirmation to go down. so I am waiting for LH swing confirmation on the Boss to go down on PA on worker.
is that right ? or am I missing something. again appreciate your help
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  • #12,768
  • Edited 7:48pm Feb 23, 2020 7:38pm | Edited 7:48pm
Quoting Max333
35611433561142{quote} {quote} ....I am still thinking about this one. so my understanding that the Boss is back in downtrend formation, however price in WC and the lower high was not yet confirmed but price was rejected from the Boss resistance (white line) and also the 0.618 Fib, and the 50MA. on the worker the price gave us a massive BEEB but MA still crossed and down trend was broken at the aqua line so no yet swing confirmation to go down. so I am waiting for LH swing confirmation on the Boss to go down on PA on worker. is that right ? or am...

see the notes on your charts
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rgds
Focus, Patience, Discipline, Determination and Perseverance
  • #12,769
  • Feb 23, 2020 8:04pm Feb 23, 2020 8:04pm
Quoting Suran
{quote} see the notes on your charts {image} {image} rgds
Hi Suran, thanks for your comment. could you please help me out to figure which way the train is going I think that's where I am confused!
on the monthly I see price under the 20 and starting to make lower high, current candle didn't cross the 20MA (does that mean BIG BOSS down?)
on the Weekly price made a LL after a strong down trend, would you call those BUEB you referred to as counter trend, in which we should expect price to make LH and come back down in a longer leg?

sorry if I am asking much, just trying to make sense of it. appreciate your contribution
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  • #12,770
  • Feb 23, 2020 8:25pm Feb 23, 2020 8:25pm
Quoting Max333
{quote} Hi Suran, thanks for your comment. could you please help me out to figure which way the train is going I think that's where I am confused! on the monthly I see price under the 20 and starting to make lower high, current candle didn't cross the 20MA (does that mean BIG BOSS down?) on the Weekly price made a LL after a strong down trend, would you call those BUEB you referred to as counter trend, in which we should expect price to make LH and come back down in a longer leg? sorry if I am asking much, just trying to make sense of it....
could you please help me out to figure which way the train is going I think that's where I am confused!

Where the train going.. its going up. However its parked at a station. if it continues or not I do not know. need more info to figure it . that's why you need to wait until the weekly swing to confirm. is there a confirmed swing high at weekly ? No.
One of the most important thing in the trading is..IF YOU ARE IN DOUBT THEN STAY OUT
Focus, Patience, Discipline, Determination and Perseverance
  • #12,771
  • Feb 24, 2020 8:27am Feb 24, 2020 8:27am
Volatility came to town! A lot of analysist and educators say do not trade because market is unpredictable right now. THAT IS WRONG, TREND IS A TREND

STRAT PASR trend traders should know what to do!

Do not listen fools around you!

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  • #12,772
  • Feb 24, 2020 3:59pm Feb 24, 2020 3:59pm
Quoting Mhons
Volatility came to town! A lot of analysist and educators say do not trade because market is unpredictable right now. THAT IS WRONG, TREND IS A TREND STRAT PASR trend traders should know what to do! Do not listen fools around you! {image}
Yep, that's right
  • #12,773
  • Feb 25, 2020 3:20am Feb 25, 2020 3:20am
Hello all,
Today is an important day. I followed my PASR M5 trading plan for the first time. I mean I really adhered to my rules.

As it turned out the trade was a winner, which is great but more important to me is how I followed my rules and read the PA at the Strat shadow and made a good entry and exited at R for a tidy 51.1 pip profit. I am very pleased to say the least - now the trick is to do this for the following 250 days in a row and I should be all set...

Trade was GBPNZD, entry at 0930 CET (GMT +1) - exit 4 bars later at R with a pending take profit order. As I write this post the price has advanced another 44 pips but I am trying to focus on everything I did right and not on what I left on the table - that will come later perhaps - fine tuning exits to maximise profits - for now just really happy with starting my PASR M5 journey in earnest. The chart:

https://prntscr.com/r7amxc
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  • #12,774
  • Feb 25, 2020 4:48am Feb 25, 2020 4:48am
Quoting Mhons
Volatility came to town! A lot of analysist and educators say do not trade because market is unpredictable right now. THAT IS WRONG, TREND IS A TREND STRAT PASR trend traders should know what to do! Do not listen fools around you! {image}
Uff, rewards is on the table for those who still working on yourself and continue improving PASR skill. There is no need for flashing indicators and running into circles to find new super strategy and best holy grail indiciator.

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Even STRAT is not in forexfactory anymore I will never forget his work on this thread.

Thanks again

Green pips to all

MH
  • #12,775
  • Feb 25, 2020 5:14am Feb 25, 2020 5:14am
Quoting equa
Hello all, Today is an important day. I followed my PASR M5 trading plan for the first time. I mean I really adhered to my rules. As it turned out the trade was a winner, which is great but more important to me is how I followed my rules and read the PA at the Strat shadow and made a good entry and exited at R for a tidy 51.1 pip profit. I am very pleased to say the least - now the trick is to do this for the following 250 days in a row and I should be all set... Trade was GBPNZD, entry at 0930 CET (GMT +1) - exit 4 bars later at R with a pending...
Good. Keep it simple and only trade ONE pair for the next 6 months. If there is no set up, then no trade for that session.

These trades repeat and repeat, over and over again. Become a specialist in YOUR kind of setup using what Strat has taught us.

Learn about the pair and yourself... Build a plan
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,776
  • Feb 25, 2020 5:14am Feb 25, 2020 5:14am
Quoting Mhons
{quote} Uff, rewards is on the table for those who still working on yourself and continue improving PASR skill. There is no need for flashing indicators and running into circles to find new super strategy and best holy grail indiciator. {image} Even STRAT is not in forexfactory anymore I will never forget his work on this thread. Thanks again Green pips to all MH
I Second that, Mhons
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,777
  • Feb 25, 2020 9:18am Feb 25, 2020 9:18am
Quoting Mhons
{quote} Uff, rewards is on the table for those who still working on yourself and continue improving PASR skill. There is no need for flashing indicators and running into circles to find new super strategy and best holy grail indiciator. {image} Even STRAT is not in forexfactory anymore I will never forget his work on this thread. Thanks again Green pips to all MH
"Even STRAT is not in forexfactory anymore I will never forget his work on this thread"

Amen

Regards
Pete
  • #12,778
  • Feb 25, 2020 9:26am Feb 25, 2020 9:26am
Quoting Suran
{quote} see the notes on your charts {image} {image} rgds
Excellent Comments Suran!

It is so easy to forget to ask the Boss what to do...which is exactly what I forgot to do with this trade. Orange box indicating WCC added after the fact. My mistake, my loss.

Regards Pete
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  • #12,779
  • Feb 25, 2020 9:49am Feb 25, 2020 9:49am
Quoting Max333
{quote} Hi Suran, thanks for your comment. could you please help me out to figure which way the train is going I think that's where I am confused! on the monthly I see price under the 20 and starting to make lower high, current candle didn't cross the 20MA (does that mean BIG BOSS down?) on the Weekly price made a LL after a strong down trend, would you call those BUEB you referred to as counter trend, in which we should expect price to make LH and come back down in a longer leg? sorry if I am asking much, just trying to make sense of it....
Hi Max

Extract from Strat's path...lesson for me as well...

Regards
Pete

Power of Time Frames
1) We take our direction from the BIG BOSS (Monthly)
2) We take our direction (and sometimes trades) from the BOSS (Weekly)
3) We time and initiate our trades on the Worker (Daily)

So, when we do an analysis of a pair or any financial instrument for that matter:

We identify our SR levels

We find out where the BIG BOSS is relative to ITS trend AND where it is headed in the SHORT TERM relative to ITS SR levels

Knowing the direction of the BIG BOSS, we review the BOSS. If the BOSS is fighting the BIG BOSS, it will be very difficult to trade so we WAIT until the BOSS aligns herself with the BIG BOSS.

With the BIG BOSS and BOSS now in harmony (both moving together in the same direction) we drop down to the Worker.

We wait for the Worker to give us PASR in the direction of the BIG BOSS and BOSS. Rewarding and stress free trades come when we time the Worker JUST TURNING into the direction of the BIG BOSS and BOSS at PASR (as shown on the attached chart)

The MOST REWARDING and STRESS FREE trade comes when you can time the Worker turning into the direction of the BIG BOSS at THE SAME TIME as the BOSS turns into the direction of the BIG BOSS.

It sounds SIMPLE and it really is that SIMPLE but to make it stress free we MUST trade with PASR. Trying to guess trades is the best known way to blow an account.

WAIT until you SEE all the above happening.
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  • #12,780
  • Feb 25, 2020 10:05am Feb 25, 2020 10:05am
Another Extract from Strat's path...lesson for me as well...


Which Trend ?

Let's first just make sure we understand that even within one time frame there are several trends. We must establish what the dominant trend is and to do that, zoom out as far as you can go and it should be obvious. I have done this on eurusd weekly and you can see the dominant trend is UP as shown by the deep sky blue channel line.

Then zoom in to find the intermediate trend as shown by the magenta line.

Then zoom into that trend to find the short term trend as shown by the gold line.

Then zoom into that trend to find the immediate trend as shown by the lime green line.

You need to be aware of all these trends when trading the Worker to know whether you are with or against the trend.

So, to trade the Worker, you need to know the IMMEDIATE BOSS trend since this governs the Worker direction.

Remember also that if you draw TLs as I do, you can use them as your Momentum indicators which tell you far more than a squiggly line.

So, where we are today on the BOSS, the IMMEDIATE trend is DOWN but it is at the cross - roads of it's short term trend meaning that something has to give. Whichever way this breaks IS the IMMEDIATE trend and will provide direction for the Worker.

Don't forget that even 3 bars on the BOSS is 15 bars on the Worker.
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