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Strat's PASR Long Term, Stress Free Trading

  • #14,321
  • Apr 15, 2021 1:30am Apr 15, 2021 1:30am
Quoting strat
Traded like a rank amateur this morning! I miss my M5 trends and only managed 0.58% Profit. Tomorrow is another day! GBPUSD M5 BASIC PASR Was busy watching other pairs so I missed the PASR entry and entered 5 minutes late. Compounded this error by not watching this chart as PRICE approached what I thought would be the smart money target at 1.38 so was late again in seeing PRICE exhaustion. {image} GBPJPY M5 BASIC PASR Same as GBPUSD, I missed my PASR entry! {image} Meanwhile, while dicking around with GBPUSD and GBPJPY, I completely missed the PASR...

I did much the same thing except I didn't take a trade. It was pretty obvious to trade the London continuation of the Tokyo movers, like the EURNZD and GBPNZD, but I ignored them and focused on the GBPUSD.
  • #14,322
  • Apr 15, 2021 2:04am Apr 15, 2021 2:04am
Hi start and everyone.
I am not new at forex, but mostly i did on demo only , because i treat demo as very serious trading (3-5 year seriously on demo) and trying many system (the last time i try "paradox system" for 4 year since 2017 on this form. And now i think i need to try again to another system based on price action.
I wanna to learn your system, but i dunno where to start, just consider me as a newbie trader, so could you point out for me what i need to start to learn your system because as my experience self leaning is good but without orientation i don know that i am doing right or not
Thank you.
PS: Just give me some advice
  • #14,323
  • Apr 15, 2021 9:41pm Apr 15, 2021 9:41pm
Ciao tutti !

See you have all been busy busy!

As always, a high standard of charting.

Love the Pizza .....too funny.

After a disappointing March, or more frustrating really, got off to a nice start this month, usual mixed bag.

Sold the usd v chf first, then sold the gbp v usd, then sold usd v jpy all back to back !

I have my target on a south bound gbp v jpy but she is being difficult and will not quite give it up...... So I may go elsewhere.

Gbp v usd weekly is interesting I thought, I will get some charts posted soon on that, and one or two others that caught my eye.

I will put a little fib on it too, just to add a little chilli to the flavour.

Forza Milan !

  • #14,324
  • Apr 16, 2021 7:00am Apr 16, 2021 7:00am
Quoting strat
{quote} We all go through/have gone through what you are going through now. Look back at Terry - he was where you are BUT look at where he is now. Don't give up, continue with perseverance and understanding and you will get there. So here is my take on your trade. Starting with the Monthly, look at the blue lines - they are all UP. The horizontal line is a continuation of the top of the Strat Shadow. There is nothing on this chart to tell you to sell. {image} Toggle this chart down to the Weekly and again, there is nothing to tell you to sell, in...
I appreciate the clarity of your response.
Like you opinned, i am looking to avoid going down that thought process again.
One cannot discard the importance of higher time frame analysis and go unhurt.
The Boss primary trend is up and that is all that matters for now.
If the worker is towing the line accordingly, then it is not wisdom to take a contrary position.

Thank you Strat.
  • #14,325
  • Apr 16, 2021 7:51am Apr 16, 2021 7:51am
Quoting Baba G
Ciao tutti ! See you have all been busy busy! As always, a high standard of charting. Love the Pizza .....too funny. After a disappointing March, or more frustrating really, got off to a nice start this month, usual mixed bag. Sold the usd v chf first, then sold the gbp v usd, then sold usd v jpy all back to back ! I have my target on a south bound gbp v jpy but she is being difficult and will not quite give it up...... So I may go elsewhere. Gbp v usd weekly is interesting I thought, I will get some charts posted soon on that, and...
Greeting Baba G,
While we await the charts that caught your eye, here is mine on GBP/USD.Attachment gThe BB, though made an attempt in Feb this year at the hights of 2018, it closed below it and has not been able to close above it so far. It is supported by the strat shadow but below the 200 ema. Buyers may have taken their foot off the pedal for now.
Attachment gIn the Boss, we are yet to see a close above the low of the shooting star that started the bearish primary trend that we see in the Boss, atleast upto last week. It is at a strong support of both horizontal SR and strat shadow. Its also inside a 3 weeks WCC. It appears as if we have to wait for price to come out of the wcc to know the direction to follow.
Attachment gThe Worker made a double bottom confirmation at a strong SR zone. Price is at the middle of the wcc and wedged on alternate side by trendlines. Let us see where price closes today or out of the wcc or out of the trendlines to know how to trade this on the daily.

Thank you
  • #14,326
  • Apr 16, 2021 8:50am Apr 16, 2021 8:50am
Quoting strat
{quote} We all go through/have gone through what you are going through now. Look back at Terry - he was where you are BUT look at where he is now. Don't give up, continue with perseverance and understanding and you will get there. So here is my take on your trade. Starting with the Monthly, look at the blue lines - they are all UP. The horizontal line is a continuation of the top of the Strat Shadow. There is nothing on this chart to tell you to sell. {image} Toggle this chart down to the Weekly and again, there is nothing to tell you to sell, in...
Great explanation Strat, I was going to provide my input on that today but you beat me to it.

Here is another good example of recent PASR on the AUDUSD. Entry above the hammer and as shadow continued to narrow a nice straddle formed several days later.
Attached Image (click to enlarge)
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  • #14,327
  • Apr 16, 2021 9:00am Apr 16, 2021 9:00am
Quoting 2hpriest
{quote} Greeting Baba G, While we await the charts that caught your eye, here is mine on GBP/USD.3916764The BB, though made an attempt in Feb this year at the hights of 2018, it closed below it and has not been able to close above it so far. It is supported by the strat shadow but below the 200 ema. Buyers may have taken their foot off the pedal for now. 3916765In the Boss, we are yet to see a close above the low of the shooting star that started the bearish primary trend that we see in the Boss, atleast upto last week. It is at a strong support...
Can't access your attachments
  • #14,328
  • Apr 16, 2021 9:39am Apr 16, 2021 9:39am
Quoting TerryDawe
{quote} Can't access your attachments
I get a message saying they are invalid
  • #14,329
  • Apr 16, 2021 12:18pm Apr 16, 2021 12:18pm
Quoting potay90
Hi start and everyone. I am not new at forex, but mostly i did on demo only , because i treat demo as very serious trading (3-5 year seriously on demo) and trying many system (the last time i try "paradox system" for 4 year since 2017 on this form. And now i think i need to try again to another system based on price action. I wanna to learn your system, but i dunno where to start, just consider me as a newbie trader, so could you point out for me what i need to start to learn your system because as my experience self leaning is good but without...
I wanna to learn your system, but i dunno where to start

Start by STOPPING YOUR SEARCH FOR THE HOLY GRAIL! The HOLY GRAIL only exists when you look in the mirror!

Find a strategy that suits your personal style, time frame and trading times and conditions. Then learn it and understand it until you can trade it with your eyes closed.

Among all the garbage on public trading forums, FF included, there are some good strategies BUT whether you can be profitable trading them is 100% about how YOU understand and trade them. There is no black box system with a red light/green light do this when this appears set up AND more important, there is no strategy/system that does not have losses.

Finally forget about demo trading as it gives you a false sense of being profitable. All brokers MANIPULATE their demo platforms to make you look good so that you will over trade and fill their account with your commissions.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,330
  • Edited 12:42pm Apr 16, 2021 12:23pm | Edited 12:42pm
Quoting 2hpriest
{quote} Greeting Baba G, While we await the charts that caught your eye
Greeting Baba G, While we await the charts that caught your eye

Good luck with that!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,331
  • Apr 16, 2021 12:24pm Apr 16, 2021 12:24pm
Quoting TerryDawe
{quote} Great explanation Strat, I was going to provide my input on that today but you beat me to it. Here is another good example of recent PASR on the AUDUSD. Entry above the hammer and as shadow continued to narrow a nice straddle formed several days later. {image}
Yes Terry and if you missed that, there was another entry 8 candles later
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,332
  • Apr 16, 2021 12:26pm Apr 16, 2021 12:26pm
Quoting Lou
{quote} I get a message saying they are invalid
There is something wrong with FF attachment upload. Each time I post a chart I have to do it several times to avoid the "attachment" message. Everyone should notify FF Admin on this and keep doing it until they fix it.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,333
  • Apr 16, 2021 12:40pm Apr 16, 2021 12:40pm
Sod's and Murphy's Laws in operation today!

After a week of trading crappy Basic PASR in the absence of PASR Trends and with the self appointed gurus telling us not to trade on Fridays because the smart money leave for the week-end, I decided to give today a miss and spend extra time in bed with the Big Boss.

Well, wouldn't you know it! Today was the day the teddy bears have their picnic as the nursery rhyme goes!

GBPAUD and GBPNZD exhibit the "saw tooth" trend PASR Trend Traders crave for followed by EURGBP, NZDCAD and AUDCAD still acceptable trends.

Oh well, there will be other days just as good if we have the PATIENCE to WAIT for them.
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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,334
  • Apr 16, 2021 12:56pm Apr 16, 2021 12:56pm
GBPUSD D1

PASR traders will understand!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,335
  • Apr 16, 2021 3:18pm Apr 16, 2021 3:18pm
Quoting Lou
{quote} I get a message saying they are invalid
Also tried it and it came out as 'not found

sometimes this happens.

missed out on expert opinion/comments. my loss.

have a great weekend ahead

thank you
  • #14,336
  • Apr 16, 2021 3:31pm Apr 16, 2021 3:31pm
Quoting strat
{quote} Yes Terry and if you missed that, there was another entry 8 candles later
Yup absolutely correct

I have penciled in the BRNs as well
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  • #14,337
  • Apr 17, 2021 11:09am Apr 17, 2021 11:09am
Long Term PASR charts.

Strat Shadow removed for clarity.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,338
  • Apr 17, 2021 11:14am Apr 17, 2021 11:14am
Thanks Strat... liking the view from the mountain top
  • #14,339
  • Apr 18, 2021 8:15am Apr 18, 2021 8:15am
Quoting strat
Long Term PASR charts. Strat Shadow removed for clarity. {image}{image}{image}{image}{image}{image}
Thanks for these Strat,

Gives a good top down look of the big picture and how your shadow works on all time frames. Allows us to drop down to decide how to trade the shorter term moves.

Regards
Terry
  • #14,340
  • Apr 18, 2021 8:52am Apr 18, 2021 8:52am
Quoting 2hpriest
{image}{image}{image} {quote} Mine is an illustration of what one sees as different from what the market gives. When i entered this trade, I had seen on the BB, what looked like the readiness of sellers to take back the reign of power with the price refusing to make a HH after the last December close. It appeared as if the impulsive bullish drive was coming to a close but i forgot that after an impulsive drive, there will be correction/ pullback before the resumption. Its that pullback/correction that is about to take me out soon. On the Boss, i...
I know Strat has already provided his feedback on your charts but I would also like to do so.

In long term trading we are trading the Primary trend of the Boss. Per the attached charts we can see that although the Boss Dominant trend is up, the primary turned down after the close below the shooting star the week of January 3rd. This is based solely on the shooting star and not using Weekly Control Candles.

Any trade on the worker following that is with the Boss Primary trend. Several add on short opportunities presented themselves on the worker until we had our first close above the Boss the week of March 28th. Again we are not using Weekly Control Candles.

Now that the Boss swing up is confirmed, it is time to trade long back into the Boss Dominant trend.
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