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Strat's PASR Long Term, Stress Free Trading

  • #14,181
  • Mar 20, 2021 5:48pm Mar 20, 2021 5:48pm
Quoting Baba G
Hidden
very good ideas. iam sold
  • #14,182
  • Edited 7:01pm Mar 20, 2021 6:06pm | Edited 7:01pm
Quoting Baba G
Take your time with these ones. Again, I cannot enforce enough that this is very advanced stuff and should not be contemplated until you have spent the proper time on the D1 only. Now I know a lot of you will not listen, I mean the silent ones that don't post and usually you are the ones that need the most help. Anyway, think about the future. This is my gift to this thread, Strat and the FF for all the support over the years from way back way when I was like you. {image} {image}
BaBa G...Did you trade these ?

Taking these engulfing and pin bar trades actually look like fun ! Translates to .. Stress Free . Two Questions if you don't mind.
1. Have I noticed correctly that waiting to get in at the 38.2 helps to keep out of reversals and losses?
2. Do you ever use the Harami pattern ?
  • #14,183
  • Mar 20, 2021 7:44pm Mar 20, 2021 7:44pm
Quoting Baba G
Take your time with these ones. Again, I cannot enforce enough that this is very advanced stuff and should not be contemplated until you have spent the proper time on the D1 only. Now I know a lot of you will not listen, I mean the silent ones that don't post and usually you are the ones that need the most help. Anyway, think about the future. This is my gift to this thread, Strat and the FF for all the support over the years from way back way when I was like you. {image} {image}

Maybe I'm being particularly dense, but all I see is some colorful lines and numbers drawn from price action bars. What am I missing?

If it's measuring the size of the bar from the zero to the 50% mark, why not just modify the fib tool to have a 200% extension?

Quoting Eushev24
Hey! Do not forget to wear your PASR glasses guys, price action is still the king! No new positions from last week for me and i haven't posted past week. Let's do our weekly analysis and preparation for the new week. Trading daily and sometimes taking trades on lower TF as 4hr to take better RR is pure gold. If you can implement BG's fibs good , do not force yourself to do it. If you do it use it as part of PASR, but if you do not know basic PASR there is no use of it. And this is the 20% of the work /at least for me/ other 80% are mindset, patience...
There's no rush to trade, I've only placed one so far this month and cut it before it hit my stop. Starting to come around to the whole game is we are capital preservationists rather than traders.
  • #14,184
  • Mar 21, 2021 12:04am Mar 21, 2021 12:04am
Quoting Rub
{quote} all I see is some colorful lines and numbers drawn from price action bars. What am I missing?
Hi Rub... something I discovered by checking into all of this is that different platforms' fib tools have different capabilities. For instance O.a.n.da FX..Trade Platform fib tool has a very, very hard time with this. But their MT4 platform is adequate and their Advanced charting which I think is Trade View is great.
On your platform fib tool can you configure it to only show the 0 23 38 50 100 ? That would help.
I also found that stretching the chart vertically makes it easier for me to see where to place the fib tool on the bar. The bar type I found works well is the engulfing .. especially in the direction of the trend.
Here is an explanation using a Usd/Jpy Daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.png Size: 45 KB
  • #14,185
  • Edited 7:52am Mar 21, 2021 2:06am | Edited 7:52am
Quoting Baba G
Hidden
Good idea, it will be worth it.
100$ for a month are a lot to me 1/3 of my salary. I dont say that it has to be lower. It is dissapointing how only in rich countries you can get better chance in life, sadly this is the world. Thanks to Strat, you and others that provided information for free. I simply do not have the money for online courses. If there is something i can help you with i will be glad to do it. Nobody has to work for free or less. I am super greatfull for this info, i think it is enough to make anyone trading for a living. 3 years of 100$ a month i did build a half-house for such money lol, world is interesting place right? I like the idea for fund and traders helping traders. Wow paramedic, that amazing. I am a phisical therapetist it is nourish too. These were my concerns Baba G. It will be good idea every trader to has its own journal that you can post pictures and small videos of analysis. Weekly analysis will be good to have too. Regular video meetings, Q&A's, testing groups, i know that most of people does not like the idea of testing but helped me a lot. I simply can invite someone through teamview or other app to share my sreen and test together, comment and grow. Other idea will be to have a small live account from teachers and to show live trading linked to FF or other site so you can track the real progress. Baba G most of course do not show any proof that system works, we know it does, but for new people it is the only way to attract them as there are too many fake gurus out there with no actual proof. Small live account with ideas and trades from teachers the community will be good idea. Nothing special 0.01 lots are enough for this. More skilled traders can give trading ideas that will be taken live. These are my ideas i have more too.
You attract what you think in any area of life, relationships and trading!
  • #14,186
  • Edited 8:33pm Mar 21, 2021 12:33pm | Edited 8:33pm
Quoting Baba G
Hidden

This is not to jeopadise anything. Just my point of view. I used to be in J16 PVT group . somewhere in 2009 or 2010. fee might be 99 or 129. cannot remember now. But that is not for 3 years upfront. It was only for first 12 months and after that it was (or suppoesed to be ) free lifetime.


However, unlike in 2006 the trading education (business) has evolved a lot. And it is very compitive now. there are trading rooms which you can find for a fraction of that price. Even FF has lot of stuff than in 2006.

BTW I also took DARKSTAR's course as well (something like $1500), He did deliver his course .But that was 50% of what was promised and he run away with out the remaining.Fake Guru's or Furu's (as some call) everywhere .LOL

P.S. I think J16 is lucky,lucky that FF is in its kindergarden times. and lots of new people who coimng to the market took his course. I once saw he posting about a single trade which (seems) to profit something like $22000. A comodities trade i think. I dont know he really trades it or not. but thats not the point. thats a good marketing.
Focus, Patience, Discipline, Determination and Perseverance
  • #14,187
  • Mar 21, 2021 12:53pm Mar 21, 2021 12:53pm
Quoting Suran
{quote} This is not to jeopadise anything. Just my point of view. I used to be in J16 PVT group . somewhere in 2009 or 2010. fee might be 99 or 129. cannot remember now. But that is not for 3 years upfront. It was only for first 12 months and after that it was (or suppoesed to be ) free lifetime. However, unlike in 2006 the trading education (business) has evolved a lot. And it is very compitive now. there are trading rooms which you can find for a fraction of that price. Even FF has lot of stuff than in 2006. BTW I also took DARKSTAR's course as...
Yes I remember seeing all of this.
  • #14,188
  • Mar 21, 2021 1:47pm Mar 21, 2021 1:47pm
OK back to trading ..

And BAR's........lol

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYDaily.png Size: 13 KB
Focus, Patience, Discipline, Determination and Perseverance
  • #14,189
  • Mar 21, 2021 4:09pm Mar 21, 2021 4:09pm
Thank you for all the PM's and public posts. We have had great input.

I really love hearing what YOU are looking for, what YOU need and how. We have a lot to figure out.

G
  • #14,190
  • Mar 21, 2021 4:20pm Mar 21, 2021 4:20pm
Hy Folks,

I've just come across this PASR strategy and I am trying hard to learn it, but I am confused by the use of your candestick pattern titles. I understand the HAMMER and the SHOOTING STAR, but what are the translations of BUOB and BUEB and BEOB and BEEB, please? They were mentioned very near the start of this remarkably long thread.

Thanks
  • #14,191
  • Mar 21, 2021 4:41pm Mar 21, 2021 4:41pm
Hi guys here is my TDA for the week ahead.

GBPUSD,
Candles is being controlled by the WCC so will see how the week plays out.

USDCAD
Weekly i believe closed with a hammer ( is this a hammer because of the wick above?) with daily BEOB on Thursday testing 2018 support. However this could be a pull back and will continue down to 1.026 testing 2008 level.

EURGBP
Weekly closed with a spinning top and almost a BEOB on Friday but never did. Will see what happens during the week for possible confirmation.

USDJYP
Weekly closed with a spinning top, daily has a lot of indecisive candles.

AUDUSD
Weekly is still within a WCC with daily being indecisive.

EURUSD
2 WCC and daily with indecisive candles. Chart has a HH, HL, LH, LL.

The Fibs are to advance for me at the moment so baby steps to start.
Any feed back welcome.
How you guys reading the market this week?

Craig
  • #14,192
  • Mar 21, 2021 5:46pm Mar 21, 2021 5:46pm
Quoting Suran
OK back to trading .. And BAR's........lol {image}
I think the Big Boys read our recent posts. Fast retrace on the bar down... picked up orders and now in the red.
Attached Image
  • #14,193
  • Mar 21, 2021 5:56pm Mar 21, 2021 5:56pm
[quote=sandfire;13462267]Hy Folks, I've just come across this PASR strategy and I am trying hard to learn it, but I am confused by the use of your candestick pattern titles. I understand the HAMMER and the SHOOTING STAR, but what are the translations of BUOB and BUEB and BEOB and BEEB, please? They were mentioned very near the start of this remarkably long thread. Thanks [/quote

BUllishOusideBar BUllishEngulfingBar BEarishOusideBar BEarishEngullfingBar
  • #14,194
  • Mar 21, 2021 6:38pm Mar 21, 2021 6:38pm
Quoting Lou
{quote} I think the Big Boys read our recent posts. Fast retrace on the bar down... picked up orders and now in the red. {image}

Now, if you are applying the fib you have to factor in other important things like market mechanics.

If this is NZD+JPY, what is going happening to its Leader USD+JPY.

GENERAL NOTE.

You cant just copy and paste the fib onto any bar. That is why you need the full training.

Patience my friends, help is coming.

Love the enthusiasm thou LOU !!!!33
  • #14,195
  • Mar 21, 2021 7:42pm Mar 21, 2021 7:42pm
Quoting Suran
OK back to trading .. And BAR's........lol {image}

you like to trade that Bearish Engulfing Outside Bar at the chart' double top

lets see how many R profits this would turn out

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY BEEOB 22-3-2021 8-38-19 am.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #14,196
  • Mar 21, 2021 8:39pm Mar 21, 2021 8:39pm
Quoting Lou
{quote} I think the Big Boys read our recent posts. Fast retrace on the bar down... picked up orders and now in the red. {image}
Before being too late .I should say this to big boys. I am not live trading these. these are paper trades. May be after graduation from Strat/BabaG's course..haha
Focus, Patience, Discipline, Determination and Perseverance
  • #14,197
  • Mar 22, 2021 12:37am Mar 22, 2021 12:37am
Quoting Suran
OK back to trading .. And BAR's........lol {image}
Hi Suran, I'm going to comment on why I wouldn't make that transaction, just as a way of learning. Please correct me where I am wrong. I'm trying to learn to read bar by bar.

M Chart:
1. Engulf big bar, BB buying to go up.
2. Another big bar, the same size of number 1, near to 0 low shadow and close at middle of the bar. What I understand by this is that there are some trades entering long late, while the BB closes their buy at Resistance.
3. Double top just confirm the strong resistance.
4. There are 20 days in the last month bar and they are the same size as when the BB is doing nothing. In 10 days there is little chance that last bar will do anything else.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY2203M.png Size: 11 KB

W Chart:
1. Traders entering late.
2. BB Closing their long. The price possibly remains in that range while late entrants close their positions.
3. It is not a very special bar, since it remains in the limited range of rise and is the same size as the previous ones.
4. The opening of the bar starts close to the trendline, it touches it and rises. It is very likely that it will go up.
Note: There is no bar showing that the price is going short.

Attached Image


D Chart:
1. Traders entering late.
2. Meeting between traders entering late and BB closing long.
3. Traders of 1 bar stop loss and BB remaining long close.
4. Just ranging while traders continue to buy long and close with stop loss.
5. Traders who could not close their longs at bar 2 and waited for a better position to close.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY2203D.png Size: 22 KB

I know that the trades that Baba made are for fast close, but from my point of view there are no signs that the price is going short.
  • #14,198
  • Mar 22, 2021 3:45am Mar 22, 2021 3:45am
Quoting Suran
OK back to trading .. And BAR's........lol {image}
Although it's rejected the same resistance a second time (double top yay!), I don't like that as a trade. I can't put a finger on why though.
  • #14,199
  • Mar 22, 2021 6:34am Mar 22, 2021 6:34am
Quoting Rub
{quote} Although it's rejected the same resistance a second time (double top yay!), I don't like that as a trade. I can't put a finger on why though.
seems like not a good trade.exited with minor scrach
Focus, Patience, Discipline, Determination and Perseverance
  • #14,200
  • Mar 22, 2021 7:11am Mar 22, 2021 7:11am
Quoting Rub
{quote} Although it's rejected the same resistance a second time (double top yay!), I don't like that as a trade. I can't put a finger on why though.
Because it is obviously against TREND from all TF. It is only PRICE retracement back to STRAT shadow. Wait until PRICE change structure even we are at Monthly ressistance it is not enough. at weekly timeframe PRICE is in weekly control candle (also known as mother candle) . We had inside bar and false break from it last week candle. So we had another clue that PRICE stoped move UP and consolidate.

Depends on your strategy. IF I would trade this pair which I am not due to poor conditions and I personally do not like this pair I would send first scout at 78.75. We had gap from weekend thas was filled right now so watch what PRICE will do at 78.25

IF Price break and close below 77.50 at Daily TF then we will have another clue what to do next

Green pips to all

Pretty nice activity with STRAT and Baba G back


MH
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