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Strat's PASR Long Term, Stress Free Trading

  • #13,301
  • Aug 14, 2020 7:49am Aug 14, 2020 7:49am
Quoting sangnt0904
EURJPY M5 I have added Strat Shadow to show the power of EMA 20. {image}
On the EJ 5 chart, what did you do at the second, lower, red arrow ?
  • #13,302
  • Aug 14, 2020 8:03am Aug 14, 2020 8:03am
Quoting Lou
{quote} On the EJ 5 chart, what did you do at the second, lower, red arrow ?
Sell stop at lower of BEEB (red candle)
  • #13,303
  • Edited 8:54pm Aug 16, 2020 4:30pm | Edited 8:54pm
I'm new here. I've been reading both the threads for few weeks now and trying to learn the PASR techniques. I've read the first 100 pages here and about 50 pages on the original thread. I can keep reading, but I think I have to start somewhere so thought to make this post. First I want to thank Start for sharing his knowledge and other members here who making good contributions. It's sad that Strat is no longer active here to help but I see there are few senior members like JCMPete, Rub, Mhons and TerryDave and others here who are contributing and helping others. I'm posting my charts as I go through the threads to make sure my understanding is correct. I'm trying to learn from your feedback as I continue on the Path. At the moment I'm looking at longer time frames as described in the original thread.

This week I was looking at GBPUSD. Here is my analysis:

Monthly:
Long term monthly trend is down.
Attached Image

Weekly:
Weekly price is held at weekly resistance, trend line and 200ema. Price is also trapped in WCC.
Attached Image (click to enlarge)
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Daily:
Price is at consolidation at the weekly resistance.
Attached Image (click to enlarge)
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Action:
Watch the daily price action carefully and wait for PASR tell us the direction.

Regards
Madu.
  • #13,304
  • Aug 16, 2020 6:48pm Aug 16, 2020 6:48pm
Quoting madu.fx
I'm new here. I've been reading both the threads for few weeks now and trying to learn the PASR techniques. I've read the first 100 pages here and about 50 pages on the original thread. I can keep reading, but I think I have to start somewhere so thought to make this post. First I want to thank Start for sharing his knowledge and other members here who making good contributions. It's sad that Strat is no longer active here to help but I see there are few senior members like JCMPete, Rub, Mhons and TerryDave and others here who are contributing and...

Welcome madu.fx ... looks good. Are you planning to add the 9 ema ?
  • #13,305
  • Edited 7:06pm Aug 16, 2020 6:53pm | Edited 7:06pm
Quoting Lou
{quote} Welcome madu.fx ... looks good. Are you planning to add the 9 ema ?
Thanks Lou. I never came across 9 ema on Strat thread. I've used 20, 72 and 200 emas. Am I missing anything?
  • #13,306
  • Aug 16, 2020 7:43pm Aug 16, 2020 7:43pm
EURUSD:

Monthly: Immediate trend is up. Last month candle closed above the trend-line.
Attached Image (click to enlarge)
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Weekly: Price is above 20, 72 and 200 ema means bullish. Strong rejection at Monthly resistance.
Attached Image (click to enlarge)
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Daily: Price is within the WCC. If price can close above the WCC and Monthly Resistance, I would plan placing a buy order.
Attached Image (click to enlarge)
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  • #13,307
  • Aug 16, 2020 10:41pm Aug 16, 2020 10:41pm
Quoting TerryDawe
{quote} Generally but not always, once price has moved significantly away from the shadow and the 9sma, one can expect a retrace. On this pair the worker chart shows this to be the case with the addition of the long legged doji immediately following the BEEB at the bottom of the WCC. So even though a BEEB was printed, this was not a good case for a short. The closer to the shadow you can enter a trade, the higher the probability of success. So in this case with the trend being down, watch for the completion of the current retrace with PA to get...
Here is a random post by TerryDawe referencing the 9sma (I meant to write 9sma in my post ) This is not introducing the 9 but simply a reference to it to show you that it is part of the Strat Shadow. It is on page 319 post 6371 with a chart.
  • #13,308
  • Aug 17, 2020 12:34am Aug 17, 2020 12:34am
EURJPY M5
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  • #13,309
  • Aug 17, 2020 1:33am Aug 17, 2020 1:33am
Quoting madu.fx
I'm new here. I've been reading both the threads for few weeks now and trying to learn the PASR techniques. I've read the first 100 pages here and about 50 pages on the original thread. I can keep reading, but I think I have to start somewhere so thought to make this post. First I want to thank Start for sharing his knowledge and other members here who making good contributions. It's sad that Strat is no longer active here to help but I see there are few senior members like JCMPete, Rub, Mhons and TerryDave and others here who are contributing and...
GBPUSD

Monthly:
While the long term is down look at the circles in my chart. To me price has failed to make a new low, and if you look at where price is now it's testing the most recent high.

Weekly:
I agree with the placement of your trend line, it's sticking out like dogs balls as the place to put it. Look left of price and you can see where price tested the 200EMA before. Notice I've got a blue box on my chart to show the current weekly control candle. Notice too how price is above the strat shadow.

Daily:
Not much going on here, looks a lot like the big boys are leaving it alone for the moment. Price is just bumbling along near resistance. Notice the price is also above the strat shadow here too.

Conclusion: You don't have all three time frames in agreement, might well be seeing a change in direction with the two lower times moving in the same direction, but remember each one follows the next one up. That said, that's a fairly big candle on the big boss last month. Be interesting to see if price can break this level.

Got to run to an appointment now, I'll see if anyone else has something to say about EURUSD.
Attached Image(s) (click to enlarge)
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  • #13,310
  • Aug 17, 2020 1:40am Aug 17, 2020 1:40am
Quoting madu.fx
EURUSD: Monthly: Immediate trend is up. Last month candle closed above the trend-line. {image} Weekly: Price is above 20, 72 and 200 ema means bullish. Strong rejection at Monthly resistance. {image} Daily: Price is within the WCC. If price can close above the WCC and Monthly Resistance, I would plan placing a buy order. {image}
Hi Madu,
I like confluence, and this is my TL.
I usually draw TL from highs, lows or closes. Just it shows me strong confluence.
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  • #13,311
  • Aug 17, 2020 2:01am Aug 17, 2020 2:01am
GBPAUD M5. I see strong support here. Just manage trades.
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  • #13,312
  • Aug 17, 2020 6:54am Aug 17, 2020 6:54am
Quoting Rub
{quote} GBPUSD Monthly: While the long term is down look at the circles in my chart. To me price has failed to make a new low, and if you look at where price is now it's testing the most recent high. Weekly: I agree with the placement of your trend line, it's sticking out like dogs balls as the place to put it. Look left of price and you can see where price tested the 200EMA before. Notice I've got a blue box on my chart to show the current weekly control candle. Notice too how price is above the strat shadow. Daily: Not much going on here, looks...
Thank you Rub for your valuable feedback. Noted that all the time frames are not in alignment and the importance of price being above or below the strat shadow. One question.. when you say price is above the strat shadow does that mean price is above 72ema or 20ema? Also, noted that the price rejection at 200ema on weekly chart. Now I got some homework to understand why it is important compared to where the price is now.
  • #13,313
  • Aug 17, 2020 7:09am Aug 17, 2020 7:09am
Quoting sangnt0904
{quote} Hi Madu, I like confluence, and this is my TL. I usually draw TL from highs, lows or closes. Just it shows me strong confluence. {image}
Thanks for your feedback sangnt0904.
  • #13,314
  • Aug 17, 2020 8:05am Aug 17, 2020 8:05am
Three Basic PASR Short Term Trades today, nothing spectacular though but all were profitable...

EurJpy 5M

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GbpAud 15M

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UsdCad 15M

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  • #13,315
  • Aug 17, 2020 8:19am Aug 17, 2020 8:19am
Quoting madu.fx
I'm new here. I've been reading both the threads for few weeks now and trying to learn the PASR techniques. I've read the first 100 pages here and about 50 pages on the original thread. I can keep reading, but I think I have to start somewhere so thought to make this post. First I want to thank Start for sharing his knowledge and other members here who making good contributions. It's sad that Strat is no longer active here to help but I see there are few senior members like JCMPete, Rub, Mhons and TerryDave and others here who are contributing and...

Welcome Madu

Further to Rub's comments, just another view of price going nowhere in a narrow range. We definitely need direction from the Big Boys before entering any trade. That being said,the big Bullish Big Boss candle pointed out by Rub certainly is interesting. You'll see that the immediate Boss and Worker trends are up because of that candle but where does price go from here? PASR will show the way.

Regards
Pete
Attached Image (click to enlarge)
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  • #13,316
  • Aug 17, 2020 8:27am Aug 17, 2020 8:27am
Quoting madu.fx
EURUSD: Monthly: Immediate trend is up. Last month candle closed above the trend-line. {image} Weekly: Price is above 20, 72 and 200 ema means bullish. Strong rejection at Monthly resistance. {image} Daily: Price is within the WCC. If price can close above the WCC and Monthly Resistance, I would plan placing a buy order. {image}
Good analysis

"Last month candle closed above the trend-line."

More important is that price closed above the STRAT Shadow. Always look and see what price does in and around the STRAT Shadow.

Regards
Pete
  • #13,317
  • Aug 17, 2020 9:19am Aug 17, 2020 9:19am
Quoting JCMPete
{quote} Good analysis "Last month candle closed above the trend-line." More important is that price closed above the STRAT Shadow. Always look and see what price does in and around the STRAT Shadow. Regards Pete
Thanks for your feedback JCMPete on both my analysis. I'll get the Strat shadow setup on my charts so it will be easier to see what the price does around strat shadow.
  • #13,318
  • Aug 17, 2020 4:45pm Aug 17, 2020 4:45pm
Quoting JCMPete
Three Basic PASR Short Term Trades today, nothing spectacular though but all were profitable... EurJpy 5M {image} GbpAud 15M {image} UsdCad 15M {image}
PASR everywhere.
Just get the best trade.
  • #13,319
  • Aug 17, 2020 7:54pm Aug 17, 2020 7:54pm
AUDUSD M5
Simple as PASR
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  • #13,320
  • Aug 17, 2020 8:32pm Aug 17, 2020 8:32pm
Quoting sangnt0904
AUDUSD M5 Simple as PASR {image}
I closed when the price bounced off EMA 200
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