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Strat's PASR Long Term, Stress Free Trading

  • #14,541
  • Jul 8, 2021 3:39pm Jul 8, 2021 3:39pm
Quoting Suran
That EURUSD chart..see if you can get something out of this or if not.. You guys need to learn to see what buyers and sellers doing with out just looking at candle pattens and Moving averages and even Strat Shadow. they are there just as an confirmation tool . With out reading what the buyers and sellers doing then you are missing valuable info. Try to see what the buyes and sellers doing. I think this is what Strat has been trying to teach. (may be he can correct if I am wrong) {image} 1. Buyers failed 2.Buyers failed again 3. Retest the level...
Very detailed explanation Suran. It points out that the retail trader really has little if any effect in the market . As Strat has taught.. we follow in the Big Boys' footsteps. And I see evidence in the chart you posted everywhere, in addition to section A, of manipulation . Look at nearly any strong price action and notice that the bar or bars just before a big move have long tails or reversals designed to knock out or trap the retail trader and accumulate his/her stops. Just as you have described.
There are many videos on UTube describing how Big Banks manipulate the FX market. Some videos even show that there is actually a somewhat predictable pattern. Some give methods on how to follow these footsteps . Personally I think the 4hr chart shows these manipulations quite well. The screenshot is from one of those videos.
On the 4hr chart a pattern of alternating red and green candles 6 give or take a few, that stay in a tight range is an indication of Big Banks accumulating orders to start a move (you refer to this in your commentary ).
I hope this post starts some discussion on the topic.
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  • #14,542
  • Jul 8, 2021 9:08pm Jul 8, 2021 9:08pm
Quoting Lou
{quote} Very detailed explanation Suran. It points out that the retail trader really has little if any effect in the market . As Strat has taught.. we follow in the Big Boys' footsteps. And I see evidence in the chart you posted everywhere, in addition to section A, of manipulation . Look at nearly any strong price action and notice that the bar or bars just before a big move have long tails or reversals designed to knock out or trap the retail trader and accumulate his/her stops. Just as you have described. There are many videos on UTube describing...

"It points out that the retail trader really has little if any effect in the market "

Don't get mistaken . Retail traders has some effect in the market. when the boy boys not participate then PRICE can go up or down with just a retail orders...PRICE can move a lot even with just retail orders. I ve seen it happen many times. And next thing is...when there is a consolidation or PRICE going sideways then dont think big boys not available there. it can be a absoption by big boys to continue the move.

dont think that we the retail traders in big disadvantage agaisnt big boys. its the other way arround. Big boys always in disadvantage(just my view) .why? because they cannot enter every where in the market. they always have to hide there orders. And its not just big boys agaisnt retails. there will be much bigger fish in the ocean than you to wanted to grab your orders .You just need to learn where to look


So where will this lead us...

Your main job is Risk Manager. think about your self as risk manager than a trader.You can trade every Price in the chart.But can you manage the risk at every price? think where your minimum risk is.

rgds
Focus, Patience, Discipline, Determination and Perseverance
  • #14,543
  • Jul 9, 2021 11:04am Jul 9, 2021 11:04am
S&P 500

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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,544
  • Jul 11, 2021 10:12am Jul 11, 2021 10:12am
Quoting Joseph95
{quote} I was thinking the same, a little note: i discovered the "trick" of the WCC 1 month ago just playing with lines on the chart. I would never had imagined which this would have been an important factor in a trading method. lol Thank's very much Strat. I think you' re my savior and i'd like to have you as mentor.
Hi Strat how do i get the template and indicator for this system.
  • #14,545
  • Jul 13, 2021 6:12am Jul 13, 2021 6:12am
GbpJpy 5M

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  • #14,546
  • Jul 13, 2021 8:05am Jul 13, 2021 8:05am
NzdUsd Worker

1st Position off, two more at breakeven.
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  • #14,547
  • Jul 14, 2021 3:38am Jul 14, 2021 3:38am
Quoting JCMPete
NzdUsd Worker 1st Position off, two more at breakeven. {image}
For the record, the two remaining positions were stopped out at breakeven.

Pete
  • #14,548
  • Jul 14, 2021 5:04am Jul 14, 2021 5:04am
NzdUsd 5M

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  • #14,549
  • Jul 17, 2021 5:41am Jul 17, 2021 5:41am
something to think about

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Focus, Patience, Discipline, Determination and Perseverance
  • #14,550
  • Jul 17, 2021 10:52am Jul 17, 2021 10:52am
I trigered buy trade in gbpaud in worker this week when friday open with buob after last week was wcc breakout
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  • #14,551
  • Jul 21, 2021 11:14am Jul 21, 2021 11:14am
CAD

Double whammy - Strong CAN $ (Oil going up) with weak US $

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GBP



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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,552
  • Jul 22, 2021 1:34pm Jul 22, 2021 1:34pm
PASR trade on EA H1
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  • #14,553
  • Jul 23, 2021 4:48am Jul 23, 2021 4:48am
Quoting TerryDawe
PASR trade on EA H1 {image}
Hi Terry,

Your trades are always refreshing to behold.
But just wondering,
Was this a PASR trade(as the trade was placed even before the formation of any candle) or just a retest of broken structure - (broken support becoming a resistance).
Just curious.
Nica trade all the same.

Emeka
  • #14,554
  • Edited 3:25pm Jul 23, 2021 3:00pm | Edited 3:25pm
Quoting 2hpriest
{quote} Hi Terry, Your trades are always refreshing to behold. But just wondering, Was this a PASR trade(as the trade was placed even before the formation of any candle) or just a retest of broken structure - (broken support becoming a resistance). Just curious. Nica trade all the same. Emeka
I don't look at just the candles but the structure of the shadow and patterns.
In this case price is clearly moving up on the higher time frames.
So trading the H1, price moved down through the shadow after three attempts to do so. Following this price moved back up and to the now narrow shadow and rejected the shadow and the now support turned resistance.
The bearish candle marked with the arrow was a BEEB after the doji so that was my entry.
I exited following the marked bullish candle for 100 pips.

This was a counter trend short term trade and as can be seen on the H4, price went from the top of the shadow to the bottom and then formed a hammer so time to get out.
Also look where price stopped its retrace down on the worker.
Glad you are taking something from my look at things.

Follow the strat shadow..........

Regards
Terry
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  • #14,555
  • Jul 27, 2021 2:52am Jul 27, 2021 2:52am
Quoting TerryDawe
{quote} I don't look at just the candles but the structure of the shadow and patterns. In this case price is clearly moving up on the higher time frames. So trading the H1, price moved down through the shadow after three attempts to do so. Following this price moved back up and to the now narrow shadow and rejected the shadow and the now support turned resistance. The bearish candle marked with the arrow was a BEEB after the doji so that was my entry. I exited following the marked bullish candle for 100 pips. This was a counter trend short term...
Thank you for the detailed breakdown of this trade.
What you saw and how you successfully traded it.
Like you said structure is very important in understanding the market.
As usual, i have gained from you again.

Emeka
  • #14,556
  • Jul 28, 2021 5:00pm Jul 28, 2021 5:00pm
Quoting ph2lsl
I trigered buy trade in gbpaud in worker this week when friday open with buob after last week was wcc breakout {image}
stoploss move under spintop candel in worker chart
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  • #14,557
  • Jul 30, 2021 3:08pm Jul 30, 2021 3:08pm
Quoting ph2lsl
{quote} stoploss move under spintop candel in worker chart {image}
I close before takeprofit hit
its 60 pips until initial target
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  • #14,558
  • Aug 2, 2021 5:02pm Aug 2, 2021 5:02pm
A two part method I have decided to try going forward.
Part 1.
Set up : On the Daily .
Find the swing high or swing low of the past week. Draw a line at the low of the highest price candle for a swing low or above the high of the lowest price candle for a swing high.
Set a pending order to enter on price hitting the line. In this case going short on last week's highest price candle at the green line.
Result.. a nice short candle move today (Monday Aug 2 ) Part 2 is on my next post.
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  • #14,559
  • Edited 5:40pm Aug 2, 2021 5:23pm | Edited 5:40pm
Part 2 of the swing method I am trying.
Set Up: Plot BaBaG's fib on the shooting star set up candle. Note in this case the set up candle was on last Friday (July 30).




Closed: Today Used the green line near the 50 fib for entry and the 0 fib for exit. this was Cad/J.
Took pips on Cad/J + 40 and G/J +68 using this method .
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  • #14,560
  • Edited 7:58am Aug 10, 2021 12:43am | Edited 7:58am
Just a something inetersting...


This guy might be the one who caused the Flash crash..by being so hyped and people started shorting everything out of excitement.

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Legend says this guy lost his voice after that day...

enjoy
Focus, Patience, Discipline, Determination and Perseverance
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