Strat's PASR Long Term, Stress Free Trading | Page 700 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MY PASR journey Based on Strat's PASR Trading 76 replies

M5 PASR Trend Trading Strat 95 replies

My PASR Trend Trading Journals 3 replies

A young trader's road to profitability - PASR trading - Live 11 replies

Fibs trading and PASR 0 replies

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

Strat's PASR Long Term, Stress Free Trading

  • #13,981
  • Feb 15, 2021 7:18am Feb 15, 2021 7:18am
Quoting Baba G
{image}{image} Excellent Terry. Would you like to comment on IrishCraig? I am better reading bars, not candles.
Thanks BG,

I do like your comment about the two day formation as it does provide a much better look at what price may do following this.
In the case of the USDCHF, the two day formation was followed two days later by the bearish straddle which indicates the two day formation was pretty strong and valid.

Also I did comment there was no signal to do anything on the GBPUSD but following that candle, a nice BUEOB formed which I didn't pay attention to and resulted in a nice follow up move to the upside.
It is true that price is at a pretty strong resistance level and getting far from the worker shadow so even though bullish, we need to be ready for a retrace. So making the right trade decision for a long entry could result in DD.
Having said this if we drop down to H4 or H1 we can get a much better long entry with minimal risk.
Looking at the H1 on Friday we had a nice bullish straddle which provided a very low risk entry using a stop on this time frame. Entering above that straddle and a stop below the previous low would have allowed us to get into the longer term trend with very little risk. As of this morning that trade would have resulted in a RR of 1:3.



Regards
Terry
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 53 KB
Click to Enlarge Name: GBPUSDH1.png Size: 38 KB
  • #13,982
  • Feb 15, 2021 11:09am Feb 15, 2021 11:09am
[quote=Baba G;13407741] drop down to demo for a while.

Sorry pizza man, demo trading is the WORST anyone can do because every broker MANIPULATES their DEMO platform.

Instead of demo trading, trade LIVE with the smallest size your broker offers - brokers cannot manipulate the live data feed.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,983
  • Feb 15, 2021 11:11am Feb 15, 2021 11:11am
Quoting Baba G
I am better reading bars, not candles.
That's because he spends most of his time in bars!
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,984
  • Feb 15, 2021 11:19am Feb 15, 2021 11:19am
Quoting TerryDawe
{quote} Looking at the GBPUSD and USDCHF: The USDCHF has recently bottomed and the Boss confirmed swing is now up.
REMINDER: BE VERY CAREFUL IF YOU WANT TO TRADE CHF PAIRS - Several years ago, SNB TWICE manipulated PRICE causing it to run STOPS for huge losses. The second time, they BANKRUPTED several brokers including Alpari where their clients lost $THOUSANDS.

I only trade CHF major pairs on SHORT time frames.

The pizza man and his Algo are like one night stands - a quick in, out, shake it all about, thank you Ma'am! He is not exposed like in ordinary D1 trading.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,985
  • Feb 15, 2021 11:36am Feb 15, 2021 11:36am
Quoting strat
{quote} REMINDER: BE VERY CAREFUL IF YOU WANT TO TRADE CHF PAIRS - Several years ago, SNB TWICE manipulated PRICE causing it to run STOPS for huge losses. The second time, they BANKRUPTED several brokers including Alpari where their clients lost $THOUSANDS. I only trade CHF major pairs on SHORT time frames. The pizza man and his Algo are like one night stands - a quick in, out, shake it all about, thank you Ma'am! He is not exposed like in ordinary D1 trading.
Thanks Strat,

I was going to cancel that order anyhow as I really don't like the CHF pairs either and it was going nowhere.

Thanks again
Terry
  • #13,986
  • Feb 16, 2021 1:14pm Feb 16, 2021 1:14pm
Very quite out here?!

Was it something said.

I was long USD V JPY overnight. Did anyone jump on that?

Despite you guys not loving the CHF, it is a major part of the triumvirate along with cable and fiber. If your gonna play on cable and fiber, ignore the CHF at your peril my friends. Market mechanics 101.

You don't have to trade the pair but you may want to chart it.

That was the reason I put up that question at the end of last week. As an intro to market mechanics.

Interestingly enough that two day pin on CHF seems to have run it's course. That was heralded by a 1 hr pin off support, which precipitated the engagement of tightened stops or manual take profits.

More interestingly the northbound 1hr pin on CHF ushered in a USD strength which feed my long USD v JPY, and took her to target for 2.67%.

Again, USD v JPY has a 1hr pin south bound, clearly marking the end of this little play.

One feeds the other. Market mechanics. Bigger, BIGGER picture. These moves across the pairs are what forms "price stability" which is essential to the global financial system.

Food for thought.

In the words of Sir Arthur Conan Doyle's Sherlock Holmes esq

" It is a capital mistake to theorize before one has data. Insensibly one begins to twist facts to suit theories, instead of theories to suit facts."

or...

" Data, data, data, you cant make bricks without clay"
  • #13,987
  • Feb 16, 2021 2:36pm Feb 16, 2021 2:36pm
Got some of the USD/JPY move . Based my entry using a Strat Swing method as shown:
In the last weekly swing.. Find the lowest price of a Daily bar. not the close... the lowest price. Draw a horizontal line at the Highest price of that SAME bar. That is where the swing should be confirmed. Enter at that point or on a Daily close above it.
Attached Image
  • #13,988
  • Feb 16, 2021 3:28pm Feb 16, 2021 3:28pm
Quoting Lou
Got some of the USD/JPY move . Based my entry using a Strat Swing method as shown: In the last weekly swing.. Find the lowest price of a Daily bar. not the close... the lowest price. Draw a horizontal line at the Highest price of that SAME bar. That is where the swing should be confirmed. Enter at that point or on a Daily close above it. {image}

Very, very nice.
  • #13,989
  • Edited 11:12pm Feb 16, 2021 11:01pm | Edited 11:12pm
Quoting Baba G
Very quite out here?! Was it something said. I was long USD V JPY overnight. Did anyone jump on that? Despite you guys not loving the CHF, it is a major part of the triumvirate along with cable and fiber. If your gonna play on cable and fiber, ignore the CHF at your peril my friends. Market mechanics 101. You don't have to trade the pair but you may want to chart it. That was the reason I put up that question at the end of last week. As an intro to market mechanics. Interestingly enough that two day pin on CHF seems to have run it's course. That...

If I'd been awake to trade it (bar closed 1AM for me), I'd have taken the candle indicated. One of the problems I'm having at the moment, all the movement seems to be happening when I'm visiting the land of nod. Even trading the daily bar isn't really a solution either because I'm at work when it closes and I don't get back to a good 6 or so hours later. It's been rather frustrating!
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 36 KB
  • #13,990
  • Feb 17, 2021 10:10am Feb 17, 2021 10:10am
Quoting Rub
{quote} If I'd been awake to trade it (bar closed 1AM for me), I'd have taken the candle indicated. One of the problems I'm having at the moment, all the movement seems to be happening when I'm visiting the land of nod. Even trading the daily bar isn't really a solution either because I'm at work when it closes and I don't get back to a good 6 or so hours later. It's been rather frustrating! {image}
I saw that 4 hr. Nice call.
  • #13,991
  • Feb 17, 2021 12:42pm Feb 17, 2021 12:42pm
Still over 3 hours to go but...........................

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 30 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,992
  • Feb 17, 2021 12:54pm Feb 17, 2021 12:54pm
Quoting strat
Still over 3 hours to go but........................... {image}
Good morning strat!

Assuming you're going short, are you sure? Very much looks counter trend to me. Big boss, and boss both look better long.
The first candle highlighted looks like a tiny little doji on my chart. Not enough to make me think it's even remotely going to slow the train, and today's candle doesn't look too inviting either.

But you're the guru....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 36 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 41 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 41 KB
  • #13,993
  • Feb 17, 2021 5:58pm Feb 17, 2021 5:58pm
EURUSD D1. Arrow Trade, Circle Target
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.PNG Size: 19 KB
  • #13,994
  • Edited 6:18am Feb 18, 2021 5:59am | Edited 6:18am
The Big Boss broke out of longterm downward trendline in June 2020 going from red to green Strat Shadow. It tested the Strat Shadow as support and made a higher high after. Presently its being rebuffed when it made an attempt to test the last high. By this we can say that the primary trend on the big boss is bearish.The Boss on its part appears to consolidating on a pullback attempt down to the last high and being supported by the Strat Show. Its following the big boss bearish command.
The Worker following the Boss command is also on a pullback as clearly depicted by the bearish channel.The last swing low retraced to 61fib. The struggle now is how far will the current bullish candle move before it revises back to the primary bearish trend?Why did i place a sell? On the 4hr chart, i think i saw that the current retrace is coming to a strong SNR zone with the Strat Shadow acting as a resistance too. Is this in consonance with what we are being taught here ?, Not really, i should have waited to see the expected PA at the SR zone clearly before taking any action. Dont worry, i am already back to the old thread to continue learning.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 43 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 39 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 41 KB
  • #13,995
  • Feb 18, 2021 12:47pm Feb 18, 2021 12:47pm
Quoting Rub
{quote} Assuming you're going short, are you sure? Very much looks counter trend to me. Big boss, and boss both look better long. The first candle highlighted looks like a tiny little doji on my chart. Not enough to make me think it's even remotely going to slow the train, and today's candle doesn't look too inviting either. But you're the guru....
Assuming you're going short, are you sure?

I shouldn't really have posted that as it was intended to be a D1 scalp as I try to develop my own Algorithm. Fortunately it didn't trigger.

Big boss, and boss both look better long.

Spot on, Ben, 6 weeks of buying without a rest - Dr Joe in all his glory!

But you're the guru....

Seems like you are confusing me with the pizza man - I'm merely a PASR trader.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,996
  • Feb 18, 2021 12:52pm Feb 18, 2021 12:52pm
Quoting PipTracy
EURUSD D1. Arrow Trade, Circle Target {image}
What happened to your Heineken candle trading thread?
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,997
  • Feb 18, 2021 1:16pm Feb 18, 2021 1:16pm
Quoting 2hpriest
Is this in accordance with what we are being taught here ?, Not really, i should have waited to see the expected PA at the SR zone clearly before taking any action. Don't worry, i am already back to the old thread to continue learning.
Another wanderer returns - welcome back and good to see you posting.

There is strong support including BRN holding W1 up and there is the possibility of testing the high again and maybe a higher high so............................

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 54 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,998
  • Feb 18, 2021 1:26pm Feb 18, 2021 1:26pm
Quoting Lou
Got some of the USD/JPY move . Based my entry using a Strat Swing method as shown: In the last weekly swing.. Find the lowest price of a Daily bar. not the close... the lowest price. Draw a horizontal line at the Highest price of that SAME bar. That is where the swing should be confirmed. Enter at that point or on a Daily close above it.
Well done, Lou! Show us more.
15 YEARS OF PASR ON FOREX FACTORY!
  • #13,999
  • Feb 18, 2021 1:42pm Feb 18, 2021 1:42pm
Quoting Baba G
{quote} Very, very nice.
I see you have changed your Swiss Cheese avatar for an AC Milan one - next you'll be telling us you've invested in them.

Watch out for Lukaku this week-end - he's scoring like it's gone out of fashion since he left a real league and joined the Ice Cream league!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,000
  • Feb 18, 2021 2:10pm Feb 18, 2021 2:10pm
Quoting strat
{quote} What happened to your Heineken candle trading thread?
I am dealing with my time. I find it difficult to sit relaxed analyzing the charts. I used the Heineken to analyze a little faster, but the candle close is lost, which I have seen to be a very important piece of information. Now I use some candles that I made according to your swing description and keeping the close, but still dealing with lifestyle.

Attached Image (click to enlarge)
Click to Enlarge Name: Swing.PNG Size: 18 KB
19 traders viewing now