Strat's PASR Long Term, Stress Free Trading | Page 729 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MY PASR journey Based on Strat's PASR Trading 76 replies

M5 PASR Trend Trading Strat 95 replies

My PASR Trend Trading Journals 3 replies

A young trader's road to profitability - PASR trading - Live 11 replies

Fibs trading and PASR 0 replies

Attachments: Strat's PASR Long Term, Stress Free Trading
Exit Attachments

Strat's PASR Long Term, Stress Free Trading

  • #14,561
  • Aug 13, 2021 6:42am Aug 13, 2021 6:42am
euraud worker chart
buy entry when daily candel opened
its bueb candel patern reject in wcc botom and suport
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 83 KB
  • #14,562
  • Aug 13, 2021 11:47am Aug 13, 2021 11:47am
Quoting ph2lsl
euraud worker chart buy entry when daily candel opened its bueb candel patern reject in wcc botom and suport {image}
On Monthly chart: Be careful because the price is at the previous resistance.
(Additional) On daily chart: price was rejected by resistance.
  • #14,563
  • Aug 15, 2021 12:46pm Aug 15, 2021 12:46pm
Quoting sangnt0904
{quote} On Monthly chart: Be careful because the price is at the previous resistance. (Additional) On daily chart: price was rejected by resistance.
thank you
It can test again and maybe break because boss and big boss its up
I will make decision when and if touch resistence again
  • #14,564
  • Aug 17, 2021 3:45am Aug 17, 2021 3:45am
Quoting ph2lsl
euraud worker chart buy entry when daily candel opened its bueb candel patern reject in wcc botom and suport {image}
I seen this morning big move very close to target and I close with big profit
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 207 KB
here its beter view in my enter and exit
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily x.png Size: 203 KB
  • #14,565
  • Aug 18, 2021 4:41pm Aug 18, 2021 4:41pm
Quoting ph2lsl
{quote} I seen this morning big move very close to target and I close with big profit {image}here its beter view in my enter and exit {image}
Excellent trade:
BB up
Boss up with a WCC
Worker produced a bullish signal at the bottom of the WCC and middle of strat shadow
Profit taken at top of WCC
Textbook PASR in action

Great job
Terry
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDWeekly.png Size: 42 KB
Click to Enlarge Name: EURAUDDaily.png Size: 48 KB
  • #14,566
  • Aug 18, 2021 5:39pm Aug 18, 2021 5:39pm
Similar to EURAUD:
BB up
Boss up within WCC
Worker rejection of bottom of WCC and center of shadow

Got long on H4 straddle marked with blue arrow
Better entry would have been at the center of the shadow on worker
Holding position as price has moved through the top of the WCC so no signal to close right now
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 43 KB
Click to Enlarge Name: USDCADDaily.png Size: 43 KB
  • #14,567
  • Aug 19, 2021 4:28pm Aug 19, 2021 4:28pm
Quoting TerryDawe
{quote} Excellent trade: BB up Boss up with a WCC Worker produced a bullish signal at the bottom of the WCC and middle of strat shadow Profit taken at top of WCC Textbook PASR in action Great job Terry {image} {image}
thanck you Terry
I am humble from your words
I see in other view markets now thanck to mister Strat and my mentor who make me understand this thread beter and who tell me to come here and study
in your usdcad trade its similar like my euraud but im still unexperience and I prefer no trade when boss its in shadow
I first wait price close outside in direction of big boss
this its in thread somewhere, I know I read it
good trade Terry in usdcad, its go very high, like euraud go if I wasnt close it
  • #14,568
  • Aug 24, 2021 11:01am Aug 24, 2021 11:01am
The Strat Swing.

AUD/USD Daily
Doji is the Daily Lowest Low price of last week.
Green horizontal line is the high of that candle. Entry at or just above the line.
Yellow line is the bottom of the WCC .


Similar pattern on many pairs so far this week.
" It don't mean a thing if it ain't got that swing. " Duke Ellington
Attached Image
  • #14,569
  • Aug 24, 2021 11:34am Aug 24, 2021 11:34am
Quoting Lou
The Strat Swing. AUD/USD Daily Doji is the Daily Lowest Low price of last week. Green horizontal line is the high of that candle. Entry at or just above the line. Yellow line is the bottom of the WCC . Similar pattern on many pairs so far this week. " It don't mean a thing if it ain't got that swing. " Duke Ellington {image}
its not valid wcc because you look at last week and this week candels
this week its only tuesday
wait until its close on friday night and then see if its wcc
  • #14,570
  • Aug 24, 2021 1:16pm Aug 24, 2021 1:16pm
Quoting ph2lsl
{quote} its not valid wcc because you look at last week and this week candels this week its only tuesday wait until its close on friday night and then see if its wcc
Sorry, I don't think you are calculating correctly.
Go to the daily chart . Last week's days were August 16 to August 20 .
The Doji is August 20 (Friday). It also happened to have the lowest low price of the week.
The WCC was drawn on Saturday, a day after the market closed for the week. Since the Doji low price is also (in this case) the low of the week, the yellow WCC low line is drawn at the Doji low price.
The first green bar is yesterday,,, Monday August 23.

I could have left the WCC low out of the picture. But thought it was interesting that the Doji was also the WCC low which can be an indication of an upcoming swing.
  • #14,571
  • Aug 25, 2021 2:12pm Aug 25, 2021 2:12pm
Undock Mt4 charts

Inserted Video
Attached File(s)
File Type: zip Detach_Charts.zip   115 KB | 569 downloads
Focus, Patience, Discipline, Determination and Perseverance
  • #14,572
  • Aug 25, 2021 2:50pm Aug 25, 2021 2:50pm
Quoting Lou
The Strat Swing. AUD/USD Daily Doji is the Daily Lowest Low price of last week. Green horizontal line is the high of that candle. Entry at or just above the line. Yellow line is the bottom of the WCC . Similar pattern on many pairs so far this week. " It don't mean a thing if it ain't got that swing. " Duke Ellington {image}
Good stuff Lou,

Try adding the 9ema to the chart and once worker candle set up is noted, drop to H4 and enter on a close through its 9ema and trade the H4.

Also if you want to provide a potential target, reverse the BG fib.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyh4.PNG Size: 34 KB
  • #14,573
  • Aug 25, 2021 3:13pm Aug 25, 2021 3:13pm
Quoting TerryDawe
{quote} Good stuff Lou, Try adding the 9ema to the chart and once worker candle set up is noted, drop to H4 and enter on a close through its 9ema and trade the H4. Also if you want to provide a potential target, reverse the BG fib. {image}
Good afternoon (where I am ) Terry. Yes I have been using the H4 and the BG fib, regular. We are thinking alike.
On the H4 I also use horizontal rectangles defining price areas where it looks to me that the Big Boys are establishing levels. Using them as TP targets and entry points.
Also like how Strat's 41 ema gives me information . Looks like you have it too - - - - - - on your chart.

Will look at reverse BG Fib .

Appreciate your post.
  • #14,574
  • Aug 25, 2021 3:26pm Aug 25, 2021 3:26pm
Quoting Lou
{quote} Good afternoon (where I am ) Terry. Yes I have been using the H4 and the BG fib, regular. We are thinking alike. On the H4 I also use horizontal rectangles defining price areas where it looks to me that the Big Boys are establishing levels. Using them as TP targets and entry points. Also like how Strat's 41 ema gives me information . Looks like you have it too - - - - - - on your chart. Will look at reverse BG Fib . Appreciate your post.
Glad you have settled on one time frame that seems to suit your trading personality.

Some more examples from recent moves:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpyh4.PNG Size: 35 KB
Click to Enlarge Name: gbpjpyh4.PNG Size: 33 KB
Click to Enlarge Name: cadjpyh4.PNG Size: 32 KB
  • #14,575
  • Aug 25, 2021 4:20pm Aug 25, 2021 4:20pm
Quoting Lou
{quote} Sorry, I don't think you are calculating correctly. Go to the daily chart . Last week's days were August 16 to August 20 . The Doji is August 20 (Friday). It also happened to have the lowest low price of the week. The WCC was drawn on Saturday, a day after the market closed for the week. Since the Doji low price is also (in this case) the low of the week, the yellow WCC low line is drawn at the Doji low price. The first green bar is yesterday,,, Monday August 23. I could have left the WCC low out of the picture. But thought it was interesting...
its no wcc Lou
here its my weekly chart
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDWeekly.png Size: 180 KB
red bar its last week
green bar its this week and its not closed, its wednesday now
where you see wcc?
  • #14,576
  • Edited 6:30pm Aug 25, 2021 6:19pm | Edited 6:30pm
Quoting ph2lsl
{quote} its no wcc Lou here its my weekly chart {image}red bar its last week green bar its this week and its not closed, its wednesday now where you see wcc?
I agree that the Green Candle on the right edge is THIS week's price action that will form the Weekly Candle once it has closed. We cannot make any decision regarding a Weekly Control Candle until it closes on this coming Friday August 27.
We make a WCC decision by analyzing the Weekly Candle range once it has closed.

The Red Candle to it's left is the closed weekly candle from last week. It began on Monday August 16 closed on Friday August 20 . We can analyze the range of that candle to determine if it is a Weekly Control Candle. In this case it is a WCC since it's close is below the range of the previous WCC to it's left.

As I see your chart, you are ignoring the information that last week's August 16 to 20 Weekly Control Candle is providing. You should move your white horizontal lines to the top and bottom of the last week's (red) candle.
  • #14,577
  • Aug 26, 2021 7:32am Aug 26, 2021 7:32am
Quoting Lou
{quote} I agree that the Green Candle on the right edge is THIS week's price action that will form the Weekly Candle once it has closed. We cannot make any decision regarding a Weekly Control Candle until it closes on this coming Friday August 27. We make a WCC decision by analyzing the Weekly Candle range once it has closed. The Red Candle to it's left is the closed weekly candle from last week. It began on Monday August 16 closed on Friday August 20 . We can analyze the range of that candle to determine if it is a Weekly Control Candle. In this...
Just my two cents, last week's candle closed below recent WCC so that is no longer a WCC. Therefore last week's candle is a potential WCC and is only confirmed at the end of this week.

Regards
Terry
  • #14,578
  • Aug 26, 2021 4:57pm Aug 26, 2021 4:57pm
Quoting TerryDawe
{quote} Just my two cents, last week's candle closed below recent WCC so that is no longer a WCC. Therefore last week's candle is a potential WCC and is only confirmed at the end of this week. Regards Terry
thanck you Terry
I didnt can explain better with my english but you explained good
  • #14,579
  • Aug 26, 2021 5:18pm Aug 26, 2021 5:18pm
trades taken at this worker candels

Im sell eurusd worker chart beeb
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 69 KB

Im sell audusd worker chart beeb
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 62 KB

Im buy euraud worker chart buob
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDDaily.png Size: 64 KB
  • #14,580
  • Edited 6:55pm Aug 26, 2021 6:42pm | Edited 6:55pm
Quoting Lou
{quote} I agree that the Green Candle on the right edge is THIS week's price action that will form the Weekly Candle once it has closed. We cannot make any decision regarding a Weekly Control Candle until it closes on this coming Friday August 27. We make a WCC decision by analyzing the Weekly Candle range once it has closed. The Red Candle to it's left is the closed weekly candle from last week. It began on Monday August 16 closed on Friday August 20 . We can analyze the range of that candle to determine if it is a Weekly Control Candle. In this...
Here is Strat's Post from 2015 describing the WCC
Attached Image (click to enlarge)
Click to Enlarge Name: Strat Weekly Control Candle.png Size: 203 KB
In the case we have been discussing, the long red candle is in control since it has closed beyond the last weekly control candle which was one of the spinning top candles where the white lines were drawn on your chart. Thus the red candle is the new WCC and can be used as S/R going forward. It will stop being the WCC when price in an upcoming week has closed beyond it's high or low.
38 traders viewing now