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Strat's PASR Long Term, Stress Free Trading

  • #14,001
  • Feb 18, 2021 3:18pm Feb 18, 2021 3:18pm
Quoting strat
{quote} 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............................ {image}
I agree with you Strat.
A wanderer has indeed returned.
And this time, i have come back to stay. learn and understand PASR.
Attached Image (click to enlarge)
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i guess, that with the way the Boss candle is quickly turning to a a doji, it might continue to the upside.
Since its yet within the current WCC,, and inside the bearish channel. will wait and see if it breaks out from both the WCC and channel, maybe retest it before confirming the continuation of the bullish run.
I am already on a drawdown painfully, but i will stick to what i had as a plan.
Thank you my guru.
  • #14,002
  • Feb 18, 2021 4:59pm Feb 18, 2021 4:59pm
Quoting strat
{quote} 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!
Attached Image
  • #14,003
  • Feb 19, 2021 5:09am Feb 19, 2021 5:09am
EurNzd 4H Basic PASR

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  • #14,004
  • Feb 19, 2021 11:18am Feb 19, 2021 11:18am
He there. My three E/N daily trades for last couple of weeks, two still running. Anyone else on E/N train to south?. 1.5 years ago this would be unthinkable for me. For all new traders /im still one of you/ patience you will get to profitable trading, i am taking my small part /1000 $ invested/ from the market thanks to Strat and other contributors: Rub,Bistolis, Baba G, Beyond the See, Rub, JCMpete and many others. Thank you. Thats a big win for me! still not millionaire and dont want it actually half monthly salary for me will be successes.
Attached Image (click to enlarge)
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You attract what you think in any area of life, relationships and trading!
  • #14,005
  • Feb 19, 2021 11:19am Feb 19, 2021 11:19am
Missed TeryDawe sorry! Thank you for contributing!
You attract what you think in any area of life, relationships and trading!
  • #14,006
  • Feb 19, 2021 1:16pm Feb 19, 2021 1:16pm
Quoting Eushev24
He there. My three E/N daily trades for last couple of weeks, two still running. Anyone else on E/N train to south?. 1.5 years ago this would be unthinkable for me. For all new traders /im still one of you/ patience you will get to profitable trading, i am taking my small part /1000 $ invested/ from the market thanks to Strat and other contributors: Rub,Bistolis, Baba G, Beyond the See, Rub, JCMpete and many others. Thank you. Thats a big win for me! still not millionaire and dont want it...
Really well done - trading the D1 trend is MAGIC - keep it up. I haven't traded any time frame higher than M15 for a long time but I am going to add D1 trading back in again.

(You missed Mhons in addition to Terry)
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,007
  • Feb 19, 2021 1:31pm Feb 19, 2021 1:31pm
Quoting strat
{quote} Really well done - trading the D1 trend is MAGIC - keep it up. I haven't traded any time frame higher than M15 for a long time but I am going to add D1 trading back in again. (You missed Mhons in addition to Terry)

When you can be trusted !!!!!
  • #14,008
  • Feb 19, 2021 1:54pm Feb 19, 2021 1:54pm
Quoting Eushev24
He there. My three E/N daily trades for last couple of weeks, two still running. Anyone else on E/N train to south?. 1.5 years ago this would be unthinkable for me. For all new traders /im still one of you/ patience you will get to profitable trading, i am taking my small part /1000 $ invested/ from the market thanks to Strat and other contributors: Rub,Bistolis, Baba G, Beyond the See, Rub, JCMpete and many others. Thank you. Thats a big win for me! still not millionaire and dont want it...
Very good with trend trades.
Fix up, trade sharp ...
  • #14,009
  • Feb 19, 2021 3:24pm Feb 19, 2021 3:24pm
Missed Mahons yep, thanks for contributing in the thread!
You attract what you think in any area of life, relationships and trading!
  • #14,010
  • Feb 20, 2021 7:08am Feb 20, 2021 7:08am
Quoting 2hpriest
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...
Compare current price structure to that of January to April 2018 including the BB 200ema in both areas.
Regards
Terry
  • #14,011
  • Feb 20, 2021 7:45am Feb 20, 2021 7:45am
I have been working on add-on strategies for strong trends that fit my eye and like the following:
Using the GBPUSD as an example.
I am long this pair but haven't added on any additional positions since entering but last week looked at the pauses.
Per attached chart each time worker took a rest in its up move, mark the low and close of these bars and drop to H4.
Look for PA signals to get long back into the up trend.
If there is more than one red candle, continue to mark the low and close of each new one until there is obvious PA signals.
Attached Image(s) (click to enlarge)
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  • #14,012
  • Feb 21, 2021 4:59am Feb 21, 2021 4:59am
Quoting TerryDawe
I have been working on add-on strategies for strong trends that fit my eye and like the following: Using the GBPUSD as an example. I am long this pair but haven't added on any additional positions since entering but last week looked at the pauses. Per attached chart each time worker took a rest in its up move, mark the low and close of these bars and drop to H4. Look for PA signals to get long back into the up trend. If there is more than one red candle, continue to mark the low and close of each new one until there is obvious PA signals. {image}...
Hi Terry

I like your approach. Just to add my 2 cents worth. I also like to take note of the position of the daily red candles when closing. For me, approaches to and/ or closes on the top of the daily Strat shadow signifies important price levels to start looking for PA when dropping to the 4H.

Regards
Pete
  • #14,013
  • Feb 21, 2021 5:21am Feb 21, 2021 5:21am
GbpNzd Weekly Close...something to watch I think.

Pete
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  • #14,014
  • Feb 21, 2021 5:43am Feb 21, 2021 5:43am
waste of time thread , beginning to end
  • #14,015
  • Edited 7:24am Feb 21, 2021 6:41am | Edited 7:24am
Quoting FF Index
waste of time thread , beginning to end
traders gonna trade, haters gonna hate!
You attract what you think in any area of life, relationships and trading!
  • #14,016
  • Edited 10:39am Feb 21, 2021 7:48am | Edited 10:39am
Quoting JCMPete
GbpNzd Weekly Close...something to watch I think. Pete {image}
Good eye Pete,
Last WCC was broken two weeks ago with the formation of a Boss BUEB which closed into its shadow and last week's SS closed within the Boss shadow. We currently have a new WCC but swing low is confirmed.

The location of this Boss SS is significant. Price was rejected by the BB 200ema (magenta line) and worker 200ema on Thursday which led to the formation of Friday's BEEB and the Boss SS.

Price closed right at the top of the December BB doji so the BB swing is still down.

With the close of Friday's BEEB the worker swing down is confirmed.

So one could set a short entry below the low of the worker BEEB or wait to see how price plays out in this area. Price could just as easily bounce off this support area and resume the move up so I will wait to see what the price structure looks like early this week.

YOU HAVE PROMPTED ME TO BE MORE DILIGENT IN MY EOD ANALYSIS AND LOOK AT ALL PAIRS WORKER ALONG WITH THE H4

Now that I have looked at this pair, I noticed that had you been watching this one for your H4 trades a nice H4 shooting star at the worker 200ema would have signified the start of the worker BEEB. (magenta line is the worker 200ema)

By the way for those lurkers, trolls and any other non believers checking out the thread.
Pretty good example of PASR and how it works
Attached Image(s) (click to enlarge)
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  • #14,017
  • Feb 21, 2021 8:25am Feb 21, 2021 8:25am
Quoting JCMPete
{quote} Hi Terry I like your approach. Just to add my 2 cents worth. I also like to take note of the position of the daily red candles when closing. For me, approaches to and/ or closes on the top of the daily Strat shadow signifies important price levels to start looking for PA when dropping to the 4H. Regards Pete
Good point Pete,

I overlaid the worker 20ema onto the H4 chart and as you noted, there was pretty solid confluence with the top of the worker shadow, H4 shadow and H4 200ema.
Look at that massive straddle on the H4, almost 300 pips since then......
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4.PNG Size: 44 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 53 KB
  • #14,018
  • Feb 21, 2021 3:18pm Feb 21, 2021 3:18pm
Hi guys,
TDA for the week ahead, feed back always welcome.

EURGBP,
Is at an interesting level of support, although it seams to have broken it could turn this week. If not then a continuation to the downside, next level .84875ish

GBPUSD,
Still very bullish on weekly and daily, possible pull back then test 1.43657

USDCNH
Daily up but at slight resistance ahead, weekly produced a nice BEOB
Attached Image(s) (click to enlarge)
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  • #14,019
  • Feb 21, 2021 8:30pm Feb 21, 2021 8:30pm
Quoting irishcraig09
Hi guys, TDA for the week ahead, feed back always welcome. EURGBP, Is at an interesting level of support, although it seams to have broken it could turn this week. If not then a continuation to the downside, next level .84875ish GBPUSD, Still very bullish on weekly and daily, possible pull back then test 1.43657 USDCNH Daily up but at slight resistance ahead, weekly produced a nice BEOB {image} {image} {image} {image} {image} {image}
Good analysis, what are you trading?
  • #14,020
  • Feb 22, 2021 12:56am Feb 22, 2021 12:56am
Quoting irishcraig09
Hi guys, TDA for the week ahead, feed back always welcome. EURGBP, Is at an interesting level of support, although it seams to have broken it could turn this week. If not then a continuation to the downside, next level .84875ish GBPUSD, Still very bullish on weekly and daily, possible pull back then test 1.43657 USDCNH Daily up but at slight resistance ahead, weekly produced a nice BEOB {image} {image} {image} {image} {image} {image}
Good analysis mate! USDCNH is one of the best pairs to trade if not the best in my opinion. Long smooth trends, unfortunately my broker doesn't offer good spread for this pair during the night.
You attract what you think in any area of life, relationships and trading!
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