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Strat's PASR Long Term, Stress Free Trading

  • #13,481
  • Sep 28, 2020 11:51am Sep 28, 2020 11:51am
Quoting Udkox
{quote} I didn't even think there could be trading possibilities on lower timeframes. Happy to see other users interested in the same charts. Thanks for the input Sanji. {quote} Thanks for the comment! PRICE is still in the WCC though, what makes you pull the trigger ? Would you not rather wait for the PRICE to exit the WCC ?
Thanks for the comment! PRICE is still in the WCC though, what makes you pull the trigger ? Would you not rather wait for the PRICE to exit the WCC ?
Hey Udkox, thanks for the question. I am trading mostly WK/daily and 4hr chart combo.My worker is 4hr, WK is my big boss and daily boss. I keep a journal of every trade before and after. i have many many trades logged there mostly from my forex simulator. I have noticed that many times waiting for weekly bar to close above the WCC area makes me miss many good opportunities. Many times price surges above/bellow the WCC and when the week closes there is not much left in the tank for further push next week. That does not happen every time. Just sometimes and during these times i mostly lose, because price is not continuing in the direction of the trend. Of course some times there is another reason for that as S/R level or 20 WK ema /dynamic SR/ etc. To combat that i decided to trade after daily bar closes above/bellow the WCC area in the direction of the trend! Doing that i oftenly bought on better price with greater risk reward ratio. Look at A/J chart Last Week's bar closed bellow the WCC. Notice that daily bar on 21.09 closed bellow the WCC. On the next day i had entries on both 4hr chart and 1hr chart. Waiting for weekly candle to close for me would have caused me to miss that opportunities. Yes sometimes doing that is not a good idea and i end up with loss. I do not recomend it. I have different risk tolerance and i feel comfortable trading this way.
You attract what you think in any area of life, relationships and trading!
  • #13,482
  • Sep 30, 2020 1:31am Sep 30, 2020 1:31am
Hi all,
I feel this entry is the same as the one on GBPUSD that I did not enter, I entered at this BUEB candle on EURUSD 1H.
I feel like this pattern when price reject 20 EMA is usually a good entry.

Green pips to all!
Sanji
Attached Image (click to enlarge)
Click to Enlarge Name: 3F88B394-DA81-4C02-AC1D-72107AED65EE.png Size: 211 KB
  • #13,483
  • Sep 30, 2020 1:42am Sep 30, 2020 1:42am
Quoting Sanji
Hi all, I feel this entry is the same as the one on GBPUSD that I did not enter, I entered at this BUEB candle on EURUSD 1H. I feel like this pattern when price reject 20 EMA is usually a good entry. Green pips to all! Sanji {image}
Hi Sanji

The entry is good but remember the price was rejected by the Strat Shadow and the 20 EMA. Maybe do some reading on the Strat Shadow to why?

Regards
Pete
  • #13,484
  • Sep 30, 2020 1:51am Sep 30, 2020 1:51am
Quoting Eushev24
{quote} Thanks for the comment! PRICE is still in the WCC though, what makes you pull the trigger ? Would you not rather wait for the PRICE to exit the WCC ? Hey Udkox, thanks for the question. I am trading mostly WK/daily and 4hr chart combo.My worker is 4hr, WK is my big boss and daily boss. I keep a journal of every trade before and after. i have many many trades logged there mostly from my forex simulator. I have noticed that many times waiting for weekly bar to close above the WCC area makes me miss many good opportunities. Many times...
Hi Eushev

You can trade both within or outside the WCC. However, please bear in mind that the a close outside the WCC on a lower time frame does not mean that the WCC is no longer valid. Price can just as easily turn around and head back into the WCC and you will see that movement as a wick above the WCC on the Boss chart.

That being said you raise a valid point so it it is important to understand the Power of Time Frames and how Price reacts around and in the Strat Shadow. That may give you clues to what price is doing when in the vicinity of the upper or lower border of the current WCC.

Pete
  • #13,485
  • Sep 30, 2020 2:29am Sep 30, 2020 2:29am
Quoting JCMPete
{quote} Hi Sanji The entry is good but remember the price was rejected by the Strat Shadow and the 20 EMA. Maybe do some reading on the Strat Shadow to why? Regards Pete
Hi Pete,

I just remember that Strat Shadow is like dynamic SR.
Looking for long when price close above EMA 20 of Boss and Bullish Strat Shadow of Worker.
Can you comment on the entry I marked on GBPUSD? (https://www.forexfactory.com/thread/...3#post13187273)

Best regards
Sanji
  • #13,486
  • Sep 30, 2020 5:49am Sep 30, 2020 5:49am
Quoting Sanji
{quote} Hi Pete, I just remember that Strat Shadow is like dynamic SR. Looking for long when price close above EMA 20 of Boss and Bullish Strat Shadow of Worker. Can you comment on the entry I marked on GBPUSD? (https://www.forexfactory.com/thread/...3#post13187273) Best regards Sanji
Hi Sanji

It was an aggressive entry into resistance but it worked. I think the setup using the Strat Shadow was good. It might have been safer to wait one candle later once price closed beyond 1.28 resistance.

Pete
  • #13,487
  • Sep 30, 2020 6:32am Sep 30, 2020 6:32am
Quoting JCMPete
{quote} Hi Sanji It was an aggressive entry into resistance but it worked. I think the setup using the Strat Shadow was good. It might have been safer to wait one candle later once price closed beyond 1.28 resistance. Pete
Thanks for your feedback, Pete!
  • #13,488
  • Sep 30, 2020 4:33pm Sep 30, 2020 4:33pm
Quick question.

The way I understand it is that Strat's shadow is:

  1. when the shadow is blue/green (PRICE above EMA 72): use bounces off EMA 20 UPWARDS to go long
  2. when the shadow is red /brown (PRICE below EMA 72): use bounce off EMA 20 DOWNWARDS to go short


This means, if PRICE is above the EMA 72 but bounces off EMA 20 DOWNWARDS, it is not tradeable. Like here:

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 38 KB


Is this right ?
  • #13,489
  • Sep 30, 2020 6:06pm Sep 30, 2020 6:06pm
Quoting Udkox
Quick question. The way I understand it is that Strat's shadow is: when the shadow is blue/green (PRICE above EMA 72): use bounces off EMA 20 UPWARDS to go long when the shadow is red /brown (PRICE below EMA 72): use bounce off EMA 20 DOWNWARDS to go short This means, if PRICE is above the EMA 72 but bounces off EMA 20 DOWNWARDS, it is not tradeable. Like here: {image} Is this right ?
Well yes. It is trapped inside the shadow. no clear direction yet.
  • #13,490
  • Sep 30, 2020 7:50pm Sep 30, 2020 7:50pm
Quoting Udkox
Quick question. The way I understand it is that Strat's shadow is: when the shadow is blue/green (PRICE above EMA 72): use bounces off EMA 20 UPWARDS to go long when the shadow is red /brown (PRICE below EMA 72): use bounce off EMA 20 DOWNWARDS to go short This means, if PRICE is above the EMA 72 but bounces off EMA 20 DOWNWARDS, it is not tradeable. Like here: {image} Is this right ?
Hi Udkox,
Use Strat Shadow like dynamic SR and momentum.
It's safest to go long on Worker when Shadow on Boss is bullish and has clear trends. But you can miss some good entries.
I usually look for entry to go long when price is above 20 EMA and resistance on Boss. Good entry when Shadow is bullish on Worker and price rejects 20 EMA and up.

Hope this is clear to you!

Best regards
Sanji
  • #13,491
  • Oct 1, 2020 3:53am Oct 1, 2020 3:53am
The recent discussion on the power of time frames and especially price reactions at support/resistance has brought home to me I still don't understand the most basic stuff.

Dammit.

I don't do subtle, I'm very much a 1 then 2 then 3 systematic, methodical, concrete thinker. And I don't get this. Still.
I don't want pity I want to understand this stuff, but I don't, and at this point I'm really thinking I never will. Not wired right or something.
  • #13,492
  • Oct 1, 2020 4:35am Oct 1, 2020 4:35am
Quoting Rub
The recent discussion on the power of time frames and especially price reactions at support/resistance has brought home to me I still don't understand the most basic stuff. Dammit. I don't do subtle, I'm very much a 1 then 2 then 3 systematic, methodical, concrete thinker. And I don't get this. Still. I don't want pity I want to understand this stuff, but I don't, and at this point I'm really thinking I never will. Not wired right or something.
Hi Rub , I commented on some of your trades
  • #13,493
  • Oct 1, 2020 4:48am Oct 1, 2020 4:48am
Quoting Rub
The recent discussion on the power of time frames and especially price reactions at support/resistance has brought home to me I still don't understand the most basic stuff. Dammit. I don't do subtle, I'm very much a 1 then 2 then 3 systematic, methodical, concrete thinker. And I don't get this. Still. I don't want pity I want to understand this stuff, but I don't, and at this point I'm really thinking I never will. Not wired right or something.
Hello there! Hope you remember me. You know I am no master but I have a look at your thread

I will later reply to the rest too, I just wanted to quickly post this.

I was about to close a demo account, but decided to enter a trade first, just to goof around. I entered on the Daily, but realised I should have traded the M5 instead.

Is this not an ideal setup for M5 trading ?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFM5.png Size: 21 KB
  • #13,494
  • Oct 1, 2020 5:07am Oct 1, 2020 5:07am
Quoting Udkox
{quote} Hello there! Hope you remember me. You know I am no master but I have a look at your thread I will later reply to the rest too, I just wanted to quickly post this. I was about to close a demo account, but decided to enter a trade first, just to goof around. I entered on the Daily, but realised I should have traded the M5 instead. Is this not an ideal setup for M5 trading ? {image}
Hi Udkox,
Here is my entry on GBPCHF 5 min if I have time to do breakout trades. Your entry is my add-on.
But you better wait for the price to pull back 20 EMA and reject it. Because of the rubber strap effect is likely to occur when the price moves sharply and away from Strat Shadow.

Best regards
Sanji

EDIT: (Note) I also look on 15 min chart and really like this candle even though the price has rejected support before.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCHF5M.png Size: 51 KB
Click to Enlarge Name: GBPCHF15M.png Size: 48 KB
  • #13,495
  • Oct 1, 2020 5:30am Oct 1, 2020 5:30am
Does this look familiar ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 101 KB


maybe this looks better ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 106 KB
  • #13,496
  • Oct 1, 2020 5:38am Oct 1, 2020 5:38am
Quoting Rub
The recent discussion on the power of time frames and especially price reactions at support/resistance has brought home to me I still don't understand the most basic stuff. Dammit. I don't do subtle, I'm very much a 1 then 2 then 3 systematic, methodical, concrete thinker. And I don't get this. Still. I don't want pity I want to understand this stuff, but I don't, and at this point I'm really thinking I never will. Not wired right or something.
Hi Rub,
I had some response on your thread before.
About your trade on AUDJPY 1H, here are 3 PA indicating you should exit that trade with some profit.
I looked back on my chart that day on AUDJPY, the price bounced off my 4H support with that long tail candle.

Hope you will be better!

Best regards
Sanji
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH1 END.png Size: 24 KB
  • #13,497
  • Oct 1, 2020 5:59am Oct 1, 2020 5:59am
Quoting bistolis
Does this look familiar ? {image} maybe this looks better ? {image}
Hi Tolis,
I have seen many times that you post multiple GBP pairs in a post and there will be a good GBP pair to trade on 5 min chart than others.
I think your implication is:
"Choose a pair of GBP that looks great among all GBP pairs to trade on 5 min chart during the London session"

For me, that's a good idea. But I don't have time to trade on 5 min chart.
Thanks for your idea.

Best regards
Sanji

(Reminds me of this image of Strat https://www.forexfactory.com/attachm...4&d=1553186398 )
  • #13,498
  • Oct 1, 2020 6:46am Oct 1, 2020 6:46am
Quoting Sanji
{quote} Hi Tolis, I have seen many times that you post multiple GBP pairs in a post and there will be a good GBP pair to trade on 5 min chart than others. I think your implication is: "Choose a pair of GBP that looks great among all GBP pairs to trade on 5 min chart during the London session" For me, that's a good idea. But I don't have time to trade on 5 min chart. Thanks for your idea. Best regards Sanji (Reminds me of this image of Strat https://www.forexfactory.com/attachm...4&d=1553186398 )
His is a NY continuation of londons moves
Yes. pick whatever screams at you to take the trade.
M5 is a great acceleration to your learning. I dont have time to be there waiting for something either. I miss alot of entries unless it happens to be at around the same time I look at my charts.

PS I prefer to watch only at the top6 according ADR and usually it is GBP. So I stick with GBP at around london open if I can be at my charts at that time. I have a dayjob still and it is not convenient to trade at the same time
  • #13,499
  • Oct 1, 2020 9:30am Oct 1, 2020 9:30am
Quoting Rub
The recent discussion on the power of time frames and especially price reactions at support/resistance has brought home to me I still don't understand the most basic stuff. Dammit. I don't do subtle, I'm very much a 1 then 2 then 3 systematic, methodical, concrete thinker. And I don't get this. Still. I don't want pity I want to understand this stuff, but I don't, and at this point I'm really thinking I never will. Not wired right or something.
Hi Rub

Take a look at post 10583 from Strat on this thread. Pay particular attention to the blue rectangle mentioned and the Strat Shadow when scrolling through different time frames.

Pete
  • #13,500
  • Oct 1, 2020 2:15pm Oct 1, 2020 2:15pm
Quoting bistolis
{quote} Well yes. It is trapped inside the shadow. no clear direction yet.
Quoting Sanji
{quote} Hi Udkox, Here is my entry on GBPCHF 5 min if I have time to do breakout trades. Your entry is my add-on. But you better wait for the price to pull back 20 EMA and reject it. Because of the rubber strap effect is likely to occur when the price moves sharply and away from Strat Shadow. Best regards Sanji EDIT: (Note) I also look on 15 min chart and really like this candle even though the price has rejected support before. {image} {image}
Thanks guys! It's starting to make sense. That comment on direction on bigger timeframes was a nice reminder.
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