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Strat's PASR Long Term, Stress Free Trading

  • #14,281
  • Mar 30, 2021 8:39am Mar 30, 2021 8:39am
Quoting JCMPete
{quote} Hi Rub Maybe this view on the worker will help? You are more than welcome to ask questions... Regards Pete {image}
Great example Pete,

The most important thing is to identify and get in starting at your big green arrow. So many only get in well after the trend has run its course or very near the top.

Well done
Regards
Terry
  • #14,282
  • Mar 30, 2021 10:54am Mar 30, 2021 10:54am
Quoting JCMPete
{quote} Hi Rub Maybe this view on the worker will help? You are more than welcome to ask questions... Regards Pete {image}
Great job in helping others, Pete.

Now, on your chart, take the next step and see further beyond the candles. Notice the blue lines I added. These are significant areas of support in an expanding Strat Shadow. These are "stair stepping" higher and, along with PASR Trend Trading, give us added confidence in adding on. Notice the difference in levels between 12 & 16 compared to the distance between the earlier levels - these are giving us lots of information.............................
Attached Image (click to enlarge)
Click to Enlarge Name: JCMPete.png Size: 164 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,283
  • Mar 30, 2021 11:08am Mar 30, 2021 11:08am
Quoting JCMPete
{quote} Hi Rub Maybe this view on the worker will help? You are more than welcome to ask questions... Regards Pete {image}
Hi JCMPete. Thanks for posting the G/J chart. Could you offer some more explanation ?

1. Did you put in the lines as the price progressed ? Starting in December and continuing to date? Or was this drawn in hindsight ?
2. What do the horizontal lines represent ?
3. And the numbers ? Are these trades you took ? Or something else?

Once I understand the chart notations it may lead to other questions. Thanks
  • #14,284
  • Edited 1:31pm Mar 30, 2021 1:14pm | Edited 1:31pm
Quoting JCMPete
{quote} Hi Rub Maybe this view on the worker will help? You are more than welcome to ask questions... Regards Pete {image}
Quoting strat
{quote} Great job in helping others, Pete. Now, on your chart, take the next step and see further beyond the candles. Notice the blue lines I added. These are significant areas of support in an expanding Strat Shadow. These are "stair stepping" higher and, along with PASR Trend Trading, give us added confidence in adding on. Notice the difference in levels between 12 & 16 compared to the distance between the earlier levels - these are giving us lots of information............................. {image}
Is it drawing demand zones?
  • #14,285
  • Mar 31, 2021 3:30pm Mar 31, 2021 3:30pm
hi guys
I have question and hope its not weird question
red candel I put sign above is confirm swing high or its confirm after a follow candel has close under low of red candel?
Attached Image (click to enlarge)
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  • #14,286
  • Mar 31, 2021 5:49pm Mar 31, 2021 5:49pm
Quoting ph2lsl
hi guys I have question and hope its not weird question red candel I put sign above is confirm swing high or its confirm after a follow candel has close under low of red candel? {image}
That candle is not a confirmed swing high unless and until a candle CLOSES below it's low.

Regards
Terry
  • #14,287
  • Apr 1, 2021 12:09am Apr 1, 2021 12:09am
Quoting TerryDawe
{quote} Great example Pete, The most important thing is to identify and get in starting at your big green arrow. So many only get in well after the trend has run its course or very near the top. Well done Regards Terry
Hi Terry

Yes, I agree. That big green arrow is a very important marker in the PASR roadmap. Thank you for your comment.

Regards
Pete
  • #14,288
  • Apr 1, 2021 12:14am Apr 1, 2021 12:14am
Quoting strat
{quote} Great job in helping others, Pete. Now, on your chart, take the next step and see further beyond the candles. Notice the blue lines I added. These are significant areas of support in an expanding Strat Shadow. These are "stair stepping" higher and, along with PASR Trend Trading, give us added confidence in adding on. Notice the difference in levels between 12 & 16 compared to the distance between the earlier levels - these are giving us lots of information............................. {image}
Hi Strat

Thank you for adding on to the chart and your comments that I will study with care. This is a topic that I am currently researching and watching for on the charts so your comments are really adding value to what I am am learning at the moment. Thank you for that...

Regards
Pete
  • #14,289
  • Apr 1, 2021 12:23am Apr 1, 2021 12:23am
Quoting Rub
{quote} Maybe half the time I'd estimate. Are the numbers marked on your chart entries you would've taken? I try to pay attention to the previous high/low, and the S/R areas I draw from higher time frames, along with price action near the shadow. I just keep missing the candles themselves and realize hours or a couple of days after.
Quoting Lou
{quote} Hi JCMPete. Thanks for posting the G/J chart. Could you offer some more explanation ? 1. Did you put in the lines as the price progressed ? Starting in December and continuing to date? Or was this drawn in hindsight ? 2. What do the horizontal lines represent ? 3. And the numbers ? Are these trades you took ? Or something else? Once I understand the chart notations it may lead to other questions. Thanks
Quoting linkuva
{quote} {quote} Is it drawing demand zones?
Hi Rub, Lou and Linkuva

Thank you for the questions. I will answer as best as I can over the weekend when I hope to have more time to provide decent answers and expand on my thoughts regarding the chart I posted.

Regards
Pete
  • #14,290
  • Apr 1, 2021 6:53am Apr 1, 2021 6:53am
Quoting TerryDawe
{quote} That candle is not a confirmed swing high unless and until a candle CLOSES below it's low. Regards Terry
Terry thank you
  • #14,291
  • Edited 10:51am Apr 3, 2021 10:20am | Edited 10:51am
AUDUSD
BB up and at resistance of its 200ema after rejecting BRN .8000 recently
Boss down and top of its shadow
Worker down and below its shadow and formed hammer at support and BRN .7600
Price may just consolidate in this area for awhile but will watch for movement down or back up
The first short should have been taken February 25th and then add on March 18th but didn't do so because I get too hung up on WCCs.

If Thursday's hammer follows through, get long above its high
If price closes below that hammer, get short with target down to BRN .7400 which is also the worker 200ema
Attached Image(s) (click to enlarge)
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  • #14,292
  • Apr 4, 2021 10:30am Apr 4, 2021 10:30am
Update to post 14231

""IF"" EW theory is correct and ""IF"" PRICE is following it, the probability of corrective wave 4 ending at the confluence of 50% fibs and SR, say BRN 1.34, is high. Again, if all the above is true then we should expect a "wobble" around 1.3650

As with all patterns, EW is very subjective and is also dependent on where you pull fibs from, i.e., which major swing? Is it the Daily major swing, the Weekly major swing, the Monthly major swing or.....? Then, what qualifies a major swing? The EW and Harmonics ""experts"" think they know the answer but .........

For us, we can only wait for PASR to be CONFIRMED. Then, and only then, do we trade in the footprints of the ""Smart Money"". Yes, we will miss the beginning and the end of the swings/trend but as I posted so many years ago, we only trade the meat (75% to 80%) of the swing/trend. We leave the top and bottom crumbs for the ""expert"" top and bottom pickers.

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,293
  • Apr 6, 2021 4:12am Apr 6, 2021 4:12am
Dear Strat and all,

Greetings. I've started my journey in forex trading few months ago and stumbled upon this thread. I am still at the very beginning of the path of learning, I have read about 300 pages or so). Today it finally strikes me that I should create an FF account and stop being lurker as I came to learn that it will definitely help me to learn faster by participating in the discussion.

Hence, is it okay that if I post some chart in the future to know if I am still staying on the right path.

Thank you Strat and all for this amazing thread.
  • #14,294
  • Apr 7, 2021 9:51am Apr 7, 2021 9:51am
Quoting Lou
{quote} Good to know... Have used the Market Timing attachment but is often written in sand. The hours might be off by 1 hr DST Also Thanks for the looonnnggg list. {image}
Hi LOU,

I want to know the exact time time to use this, im on GMT +7, so this wave is on Eastern Time? this seems interesting to catch the wave, what pair best suits to this timing? what TF? thank you so much
  • #14,295
  • Apr 10, 2021 6:33am Apr 10, 2021 6:33am
Happy weekend to you all.
I am having a little challenge with my MT4 platform.
Surprisingly, everytime i shutdown my laptop,
all the chartting on my chart (support n resistance, Trendlines, colours, etc) goes off.
What this is doing to me is that i have to start afresh again gathering my thoughts,
It does not allow me to continue from where i stopped in my though process, trade planning and execution.

So if anyone knows what i can be doing to ensure that what i draw on the chart remains on it the next day, please let me know.
I dont have funds for TradingView platform subscription for now and that is why i use MT4.

Thank you

Emeka
  • #14,296
  • Apr 10, 2021 6:42am Apr 10, 2021 6:42am
Quoting 2hpriest
Happy weekend to you all. I am having a little challenge with my MT4 platform. Surprisingly, everytime i shutdown my laptop, all the chartting on my chart (support n resistance, Trendlines, colours, etc) goes off. What this is doing to me is that i have to start afresh again gathering my thoughts, It does not allow me to continue from where i stopped in my though process, trade planning and execution. So if anyone knows what i can be doing to ensure that what i draw on the chart remains on it the next day, please let me know. I dont have funds for...
You do not need to pay for TradingView. I use free version, have free account. Charting doesnt get lost.
Markets will move to the right.
  • #14,297
  • Apr 10, 2021 8:47am Apr 10, 2021 8:47am
Quoting Chester15
Dear Strat and all, Greetings. I've started my journey in forex trading few months ago and stumbled upon this thread. I am still at the very beginning of the path of learning, I have read about 300 pages or so). Today it finally strikes me that I should create an FF account and stop being lurker as I came to learn that it will definitely help me to learn faster by participating in the discussion. Hence, is it okay that if I post some chart in the future to know if I am still staying on the right path. Thank you Strat and all for this amazing thread....
Welcome and feel free to post charts, discussion or whatever.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,298
  • Apr 10, 2021 8:50am Apr 10, 2021 8:50am
Quoting 2hpriest
Happy weekend to you all. I am having a little challenge with my MT4 platform. Surprisingly, everytime i shutdown my laptop, all the chartting on my chart (support n resistance, Trendlines, colours, etc) goes off. What this is doing to me is that i have to start afresh again gathering my thoughts, It does not allow me to continue from where i stopped in my though process, trade planning and execution. So if anyone knows what i can be doing to ensure that what i draw on the chart remains on it the next day, please let me know. I dont have funds for...
This usually means that one of the indicators you have added is causing this. Remove all your indicators and then add them back one by one to find the culprit.

So, the question remains - why are using indicators (except our MAs)?
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,299
  • Apr 10, 2021 8:55am Apr 10, 2021 8:55am
For those wondering what happened to the pizza man, he took a trip for Easter:

The Italian man went to a restaurant in Malta and wanted two pieces of toast. The waiter gives him only one and the Italian man says (in a thick accent), "I want two piece."
The waiter replies, "Go to the toilet."
The man says, "You no understand I want two piece on my plate."
Then the waiter says, "You'd better not piss on the plate you son of a bitch!"
The man says, "I did not even know her and she calls me a Son of a Beach?"
Then he goes to a bigger restaurant and finds himself with a spoon and a knife but no fork, he says, "I want a fock."
The waiter says, "Everybody wants to fuck."
The Italian continues, "You no understand, I want to fock on the table."
The waiter says, "You'd better not fuck on the table you son of a bitch!"
Then later he goes to a hotel where his bed is missing the sheet. "Call the manager im telle him i wanna sheet!" says the Italian man.
The receptionist says, "Go to the toilet."
The Italian man says, "You no understand I wanna sheet in my bed!"
Again, the response is, "You'd better not shit in the bed you son of a bitch!"
The Italian man marches straight over to the check-out counter and is greeted with, "Peace on you, sir."
The Italian man says, "PISS ON YOU TOO, YOU SON OF A BEACH! I'M GOING BACK TO ITALY!"
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,300
  • Apr 11, 2021 1:08pm Apr 11, 2021 1:08pm
Quoting strat
{quote} This usually means that one of the indicators you have added is causing this. Remove all your indicators and then add them back one by one to find the culprit. So, the question remains - why are using indicators (except our MAs)?
Funny enoug Coach,
I do not use indicators except for the EMA's (Strat shadow) on my chart.
All the people i have spoken to cannot place what the really cause is.
I guess my last resort is to check with my broker.
Appreciate you

Emeka
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