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

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  • Post #13,521
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  • Oct 10, 2020 3:17am Oct 10, 2020 3:17am
  •  Sanji
  • | Joined Jul 2020 | Status: Trend is your friend | 185 Posts
Quoting deked
Disliked
im very interested in this but with 676 pages, can anyone give me an idea of what i need to read and download. is there a trading pdf or mt4 adddons + template, or maybe traadingview? anything to help I've set up zones myself before and traded tweezer tops and bottoms and key levels with some success, but the issue i found was consistency.
Ignored
Hi Deked,
I have yet to reach Consistency. I can just help you with Strat Shadow on tradingview. Here is a post about setting
https://www.forexfactory.com/thread/...0#post13139530

Best regards
Sanji
 
 
  • Post #13,522
  • Quote
  • Oct 10, 2020 7:06am Oct 10, 2020 7:06am
  •  JCMPete
  • | Joined May 2018 | Status: Member | 366 Posts
Quoting deked
Disliked
im very interested in this but with 676 pages, can anyone give me an idea of what i need to read and download. is there a trading pdf or mt4 adddons + template, or maybe traadingview? anything to help I've set up zones myself before and traded tweezer tops and bottoms and key levels with some success, but the issue i found was consistency.
Ignored
Hi deked

Start here for background and an overview and then take it from there.

https://www.forexfactory.com/thread/...s-free-trading


Pete
 
 
  • Post #13,523
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  • Oct 10, 2020 9:53am Oct 10, 2020 9:53am
  •  Udkox
  • | Joined Feb 2020 | Status: Member | 72 Posts
Quoting JCMPete
Disliked
{quote} Hi Udkox Below are a few extracts I made from Strat posts that may help you: Study and understand the image below: [...]
Ignored
I remember this, but I am not sure what question you are answering with this.

I sometimes have trouble identifying the IMMEDIATE trend. I believe we have to focus on the IMMEDIATE trend of the BIG BOSS, BOSS and WORKER.

But please let me know if I am wrong here.
 
 
  • Post #13,524
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  • Oct 10, 2020 11:58am Oct 10, 2020 11:58am
  •  TerryDawe
  • Joined Jun 2015 | Status: Member | 522 Posts
Quoting Udkox
Disliked
{quote} Awesome post Pete, have you got some index on Strat's posts ? I am looking at EUR USD at the moment trying to apply that knowledge. Boss: PRICE in WCC. Huge BEARISH candle finished SWING UP, now on a SWING DOWN. {image} Worker: PRICE in Strat's shadow, no direction. Failed to break below EMA 72. {image} If PRICE breaks below EMA 72, it might be the start of a long SWING TRADE downwards. This makes sense to me given Strat's post. However, I worry about the Big Boss. Big Boss: BEARISH ENGULFING BAR on RESISTANCE, rejecting EMA 200. But PRICE...
Ignored
Just browsing through thread and would like to provide input on this pair.

BB is up
Boss formed WCC and recently price broke through its bottom for one week
Worker formed a BEEB at the WCC bottom which was also bottom of shadow
Next candle was an inside bar that put price back within the WCC so a false break
Once price closed above the BEEB, swing low was confirmed
Long entry on break of inside bar and failure of BEEB

So for short term trading long is the direction
Attached Images (click to enlarge)
Click to Enlarge

Name: EURUSDDaily.png
Size: 55 KB Click to Enlarge

Name: eurusdweekly.PNG
Size: 39 KB
 
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  • Post #13,525
  • Quote
  • Oct 10, 2020 12:03pm Oct 10, 2020 12:03pm
  •  Sanji
  • | Joined Jul 2020 | Status: Trend is your friend | 185 Posts
Quoting Udkox
Disliked
{quote} I remember this, but I am not sure what question you are answering with this. I sometimes have trouble identifying the IMMEDIATE trend. I believe we have to focus on the IMMEDIATE trend of the BIG BOSS, BOSS and WORKER. But please let me know if I am wrong here.
Ignored
Hi Udkox,

May I help you?
We trade with immediate trend of Boss.
Remember Strat's post and the Blue Rectangle on GBPUSD. Let's see what prices did at the levels on Big Boss and Boss. See Big Boss and Boss trends. Review Strat's post # 4 on this thread.

If you need any help, don't be afraid to ask questions. We are ready to help each other to move forward together.
Traders help traders.

Best regards
Sanji
 
1
  • Post #13,526
  • Quote
  • Oct 10, 2020 12:49pm Oct 10, 2020 12:49pm
  •  JCMPete
  • | Joined May 2018 | Status: Member | 366 Posts
Quoting Udkox
Disliked
{quote} I remember this, but I am not sure what question you are answering with this. I sometimes have trouble identifying the IMMEDIATE trend. I believe we have to focus on the IMMEDIATE trend of the BIG BOSS, BOSS and WORKER. But please let me know if I am wrong here.
Ignored
Hi Udkox

Another extract from Strat's posts that might help...and remember to be clear in your own mind which timeframe it is you are trading...sorry to be cryptic but you need to wrap your head around this at your own pace. Please keep on asking if it does not make sense.

Regards
Pete

Attached Image


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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  • Post #13,527
  • Quote
  • Oct 10, 2020 1:11pm Oct 10, 2020 1:11pm
  •  Udkox
  • | Joined Feb 2020 | Status: Member | 72 Posts
Quoting TerryDawe
Disliked
{quote} Just browsing through thread and would like to provide input on this pair. BB is up Boss formed WCC and recently price broke through its bottom for one week Worker formed a BEEB at the WCC bottom which was also bottom of shadow Next candle was an inside bar that put price back within the WCC so a false break Once price closed above the BEEB, swing low was confirmed Long entry on break of inside bar and failure of BEEB So for short term trading long is the direction {image} {image}
Ignored
Many thanks Terry!

I just realised I made some erroneous statements. I might also have the wrong LEVELs, since yours look different.

My question now is, there is a BEEB in the BIG BOSS, is it then UP or DOWN ?
 
 
  • Post #13,528
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  • Oct 10, 2020 1:19pm Oct 10, 2020 1:19pm
  •  TerryDawe
  • Joined Jun 2015 | Status: Member | 522 Posts
Just looking at daily time frames can provide great short term opportunities for swing trades without worrying too much about control candles

Example on GBPJPY:

Daily swing low candle at first arrow confirmed by candle close above at second arrow.
Followed by BUEB
Entry after that candle for move up so far of 330 pips over a ten day period.
Attached Image (click to enlarge)
Click to Enlarge

Name: gbpjpydaily.PNG
Size: 32 KB
 
2
  • Post #13,529
  • Quote
  • Oct 11, 2020 9:04am Oct 11, 2020 9:04am
  •  JCMPete
  • | Joined May 2018 | Status: Member | 366 Posts
Quoting Udkox
Disliked
{quote} My question now is, there is a BEEB in the BIG BOSS, is it then UP or DOWN ?
Ignored
Hi Udkox

I take it that you are still referring to EurUsd? Take a good look at that BEEB, is it a confirmed high or not?

Regards
Pete
 
1
  • Post #13,530
  • Quote
  • Oct 11, 2020 4:19pm Oct 11, 2020 4:19pm
  •  Udkox
  • | Joined Feb 2020 | Status: Member | 72 Posts
Quoting JCMPete
Disliked
{quote} Hi Udkox I take it that you are still referring to EurUsd? Take a good look at that BEEB, is it a confirmed high or not? Regards Pete
Ignored
You're right, it's not, didn't close below the LOW.

My question now is, if it were, would you say BIG BOSS is DOWN ?

I am sorry about all the questions, I am trying to figure out why you reposted Strat's posts about timeframes.
 
 
  • Post #13,531
  • Quote
  • Oct 11, 2020 6:14pm Oct 11, 2020 6:14pm
  •  Udkox
  • | Joined Feb 2020 | Status: Member | 72 Posts
Quoting TerryDawe
Disliked
Just looking at daily time frames can provide great short term opportunities for swing trades without worrying too much about control candles Example on GBPJPY: Daily swing low candle at first arrow confirmed by candle close above at second arrow. Followed by BUEB Entry after that candle for move up so far of 330 pips over a ten day period. {image}
Ignored
Thanks for the input.

Are you just trading PA there or are you taking BOSS and BIG BOSS into account ?
 
 
  • Post #13,532
  • Quote
  • Oct 11, 2020 11:26pm Oct 11, 2020 11:26pm
  •  Sanji
  • | Joined Jul 2020 | Status: Trend is your friend | 185 Posts
Back September 28 on EURUSD.
This is the function to replay bars on TradingView.

BB: Price bounce from 72 (trapped in 72 and 200).
Attached Image (click to enlarge)
Click to Enlarge

Name: 81E1D47C-7FD4-42AA-8176-6AE69F6094EC.jpeg
Size: 609 KB


B: Last week's big candle could be a potential WCC, read through the recent Terry posts, you can find an entry with it on lower timeframes (4H, 1H). Most recently, he showed an entry on Daily with PA.
Attached Image (click to enlarge)
Click to Enlarge

Name: 43905304-7B60-492F-A9F4-53F466CBF797.jpeg
Size: 581 KB

W: Price bounce from 72.
Attached Image (click to enlarge)
Click to Enlarge

Name: E39F2E7F-5F0B-48FB-A939-8B6D9622CB07.jpeg
Size: 520 KB


Here is my analysis on M, W, D. But I traded on 1H.

Best regards
Sanji
 
 
  • Post #13,533
  • Quote
  • Oct 12, 2020 12:11am Oct 12, 2020 12:11am
  •  Sanji
  • | Joined Jul 2020 | Status: Trend is your friend | 185 Posts
Quoting TerryDawe
Disliked
Just looking at daily time frames can provide great short term opportunities for swing trades without worrying too much about control candles Example on GBPJPY: Daily swing low candle at first arrow confirmed by candle close above at second arrow. Followed by BUEB Entry after that candle for move up so far of 330 pips over a ten day period. {image}
Ignored
Hi Terry,

Data varies between brokers, possibly due to daily closing times. I don't see BEEB treen EURUSD, and I see strong EMA 20 rejection.
But I'm glad you post it again on this thread. Very much for what you share, they are wonderful.

Best regards
Sanji
Attached Image (click to enlarge)
Click to Enlarge

Name: D728F060-66DC-43DD-844E-0AE54DAD02E7.jpeg
Size: 514 KB
 
 
  • Post #13,534
  • Quote
  • Oct 12, 2020 2:26pm Oct 12, 2020 2:26pm
  •  Udkox
  • | Joined Feb 2020 | Status: Member | 72 Posts
My latest trade. There were so many 5M trades available, but I didn't have the time to monitor it, so I traded the 1H instead.

I highlighted what I think were good entries in a white box.

Please comment my entries, exit and levels.

Cheers!
Attached Image (click to enlarge)
Click to Enlarge

Name: USDJPYH1.png
Size: 56 KB
 
1
  • Post #13,535
  • Quote
  • Edited at 4:48am Oct 13, 2020 4:29am | Edited at 4:48am
  •  Sanji
  • | Joined Jul 2020 | Status: Trend is your friend | 185 Posts
Quoting Udkox
Disliked
My latest trade. There were so many 5M trades available, but I didn't have the time to monitor it, so I traded the 1H instead. I highlighted what I think were good entries in a white box. Please comment my entries, exit and levels. Cheers! {image}
Ignored
Hi Udkox,

Nice entry, but I usually enter with stop order, not market price.
About exit on 1H chart, I usually exit when prices hesitate for a long time. It may be swing high/low of day/week, or low/high of previous day/week, or end of the day.
 
 
  • Post #13,536
  • Quote
  • Oct 13, 2020 4:38am Oct 13, 2020 4:38am
  •  Mhons
  • | Joined Jul 2015 | Status: Member | 278 Posts
Quoting Udkox
Disliked
My latest trade. There were so many 5M trades available, but I didn't have the time to monitor it, so I traded the 1H instead. I highlighted what I think were good entries in a white box. Please comment my entries, exit and levels. Cheers! {image}
Ignored
hard to comment it when I donīt know your plan.

If this was STRAT TREND TRADE it is good add on to existing trade. First entry was after Monday Asia open

If my plan is strade H4 swing I will start trading after confrimed break consolidation marked and then adding to position till swing ends and PRICE stopped at 105.30

Also where are are your SUPPORTS AND RESISTANCES? You are trading like blind man!

Attached Image (click to enlarge)
Click to Enlarge

Name: USDJPYH1.png
Size: 34 KB
 
1
  • Post #13,537
  • Quote
  • Oct 14, 2020 3:54pm Oct 14, 2020 3:54pm
  •  Udkox
  • | Joined Feb 2020 | Status: Member | 72 Posts
Quoting Mhons
Disliked
{quote} hard to comment it when I donīt know your plan. If this was STRAT TREND TRADE it is good add on to existing trade. First entry was after Monday Asia open If my plan is strade H4 swing I will start trading after confrimed break consolidation marked and then adding to position till swing ends and PRICE stopped at 105.30 Also where are are your SUPPORTS AND RESISTANCES? You are trading like blind man! {image}
Ignored
Thanks for the input Mhons.

I was checking the DAILY and I deleted the smaller LEVELS.

I wasn't monitoring the chart when the the entry showed, so I entered in the add on, do you think it's a bad idea ?

I am not sure what you mean with confrimed break consolidation, could you explain ?

STRAT TREND TRADING is what you guys usually do with 5M timeframes, rigth ?

Thanks.
 
 
  • Post #13,538
  • Quote
  • Oct 14, 2020 3:55pm Oct 14, 2020 3:55pm
  •  Udkox
  • | Joined Feb 2020 | Status: Member | 72 Posts
Quoting Sanji
Disliked
{quote} Hi Udkox, Nice entry, but I usually enter with stop order, not market price. About exit on 1H chart, I usually exit when prices hesitate for a long time. It may be swing high/low of day/week, or low/high of previous day/week, or end of the day.
Ignored
Interesting, I am just learning to trade the system, improving my entries with Stop Orders might be the next step!

Cheers.
 
 
  • Post #13,539
  • Quote
  • Oct 15, 2020 1:22am Oct 15, 2020 1:22am
  •  Cj.cn
  • Joined Jan 2013 | Status: Member | 274 Posts
NZDCAD

I would like to pend stop order once the candle closed below EMA. But it doesn't.
What will you do? You will pend sell order below 1st arrow or 2nd arrow or not trade?
Attached Image (click to enlarge)
Click to Enlarge

Name: NZDCAD H4 - 20201015.png
Size: 37 KB
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
 
 
  • Post #13,540
  • Quote
  • Oct 15, 2020 3:00am Oct 15, 2020 3:00am
  •  Sanji
  • | Joined Jul 2020 | Status: Trend is your friend | 185 Posts
Quoting Cj.cn
Disliked
NZDCAD I would like to pend stop order once the candle closed below EMA. But it doesn't. What will you do? You will pend sell order below 1st arrow or 2nd arrow or not trade? {image}
Ignored
The price is approaching the bottom of WCC, only trade when the trend is strong.
I'm not going to trade, even though it's down now.
 
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