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Strat's PASR Long Term, Stress Free Trading

  • #14,661
  • Oct 1, 2021 7:41pm Oct 1, 2021 7:41pm
Terry.. And here is the latest swing ... low on E/J using price crossing the 9 ema trigger and the fib tool as drawn . 98 pips to the 138 fib.
(note the green and yellow lines have no relationship to this chart ending today. They are my DCC and WCC set up for next week)
Attached Image (click to enlarge)
Click to Enlarge Name: Latest Swing Low on EJ.png Size: 53 KB
  • #14,662
  • Oct 2, 2021 7:35am Oct 2, 2021 7:35am
Quoting ph2lsl
eurnzd buy Im exit premature when I seen profit {image}{image} I don't know if its was good trade I didn't was sure about this trade because big boss direction was not clear for me Id like very much see answers (especially by mister Strat) about direction in this pair in big boss chart: up because swing its up or down because beob candle and under Strat shadow? I'm think read good the big boss chart direction its very important and its will improve my trading if I master it here its big boss chart {image} thank you for reply
You did good to make a profit but PA is such a mess that I would not look at it let alone trade it.

The Big Boss has been sideways since about April 2015 and from around September 2017 it moved into a tighter range. All we can see from that mess is that it is in a down swing supported around 1.66 and then 1.6250.

Remember that the Big Boss is the bird's eye view - the big picture - the Boss is what you should focus on to trade the Worker (Daily)

If you can make money trading PA like this you will make a lot more if you carefully select pairs with "smoother" PA. Good luck.
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,663
  • Oct 2, 2021 12:19pm Oct 2, 2021 12:19pm
Quoting strat
{quote} Good for you, Lou! Seems like you have got your Mojo working -
A bit worried since the second verse of ' I Got My Mojo Working ' is ..... ' But it just don't work on you ! '
  • #14,664
  • Oct 3, 2021 10:44am Oct 3, 2021 10:44am
Quoting strat
{quote} You did good to make a profit but PA is such a mess that I would not look at it let alone trade it. The Big Boss has been sideways since about April 2015 and from around September 2017 it moved into a tighter range. All we can see from that mess is that it is in a down swing supported around 1.66 and then 1.6250. Remember that the Big Boss is the bird's eye view - the big picture - the Boss is what you should focus on to trade the Worker (Daily) If you can make money trading PA like this you will make a lot more if you carefully select pairs...
thankck you for answer mister Strat
Im waited very eager for your answer
its first time in my life when I feel confident in trades and strategy because your thread
THANCK YOU
  • #14,665
  • Edited 3:42pm Oct 4, 2021 3:25pm | Edited 3:42pm
Attached Image


Gbp/Usd 4H Apparently over the weekend, the Big Boys read my earlier swing trade posts .
  • #14,666
  • Oct 6, 2021 2:26pm Oct 6, 2021 2:26pm
nzdusd beob at previos wcc low
good sell
worker chart
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 196 KB
  • #14,667
  • Oct 9, 2021 1:03am Oct 9, 2021 1:03am
Quoting Lou
{image} Gbp/Usd 4H Apparently over the weekend, the Big Boys read my earlier swing trade posts .
I need a recap. Can you explain this trade
  • #14,668
  • Oct 9, 2021 2:20am Oct 9, 2021 2:20am
Quoting first_major
{quote} I need a recap. Can you explain this trade
You can go to post 14558. That's where he started explaining his method. But you need to understand Strat's method and Babaji's Fibo before you can follow his method.

Happy reading.
  • #14,669
  • Oct 9, 2021 8:12am Oct 9, 2021 8:12am
Quoting first_major
{quote} I need a recap. Can you explain this trade

Hi First Major ... I suggest you look at this post by Terry Dawe... 14572 since it tells a great story. He follows up with other examples in later posts. He suggests an addition of the 9 ema to what I was working with . It just happened that what I was working on fit together with his methods and made mine better. Actually the chart you referenced has turned out to be a stepping stone to where I am working now, which is still a work in progress. It is all very new.. but it fits my style

Essentially .. determine a set up. I started using a breakout of the Daily Controlling Candle from the week that just ended, just as we have always drawn the weekly controlling candle WCC, I draw the DCC. When price crossed/closed the DCC look for an entry. Using the 4H charts
Then Terry suggested using the 9 ema as an entry. Next apply a variation of the BaBaG Fib to get target points.
Use these targets to determine if you will close, continue, add on, move the stop ... trade management decisions. What turned out using the Fib was a happy revelation that the fib lines very often aligned with other charting areas of support and resistance . 4Hr. chart.
  • #14,670
  • Oct 9, 2021 8:58am Oct 9, 2021 8:58am
You know how it is customary in FX to post charts that make things look good.

Well I am not going to post one of those right now. But if you care to see something that will make you smile.....
Go to Eur/Cad chart and put the 9 ema on the 4 HR . Looking back to the end of September.., and even further . Check out all of the times you could have gotten in . True the Daily chart looks good too on this pair, without a doubt. I like the many opportunities on the 4 hr. however.
  • #14,671
  • Oct 9, 2021 9:05am Oct 9, 2021 9:05am
Oh ... One more thing.. ...... as detective Colombo would say....

Be sure to check out Terry Dawe's post 14660 tells it all using Strat Shadow
  • #14,672
  • Edited 10:48pm Oct 10, 2021 9:14pm | Edited 10:48pm
Quoting TerryDawe
Long EURUSD Not telling why
Terry . what I see...Technically speaking... Confluence of low of Weekly and Monthly Control Candles forming support. then Weak bullish engulfing Thursday on Daily on Friday. Oops I forgot to add that on the 4H chart price is riding the 9 ema.
  • #14,673
  • Oct 11, 2021 7:30am Oct 11, 2021 7:30am
Quoting Lou
{quote} Terry . what I see...Technically speaking... Confluence of low of Weekly and Monthly Control Candles forming support. then Weak bullish engulfing Thursday on Daily on Friday. Oops I forgot to add that on the 4H chart price is riding the 9 ema.
I was testing something with regard to the long term BG fib but I cancelled the order as this pair is really not worth tying up the margin.
I will follow it though to see how it pans out long term.
  • #14,674
  • Oct 11, 2021 8:26am Oct 11, 2021 8:26am
Quoting TerryDawe
{quote} I was testing something with regard to the long term BG fib but I cancelled the order as this pair is really not worth tying up the margin. I will follow it though to see how it pans out long term.
Have you been looking at using the 38 fib line as a reference point rather than the 50 as BBG was doing. I recall that some sources say the 50 is not a 'real' fib value. Also using the 38 gives more targets and possibly a safety feature in that if price passes the 38 but not the 50 ... time to close the trade.

In working with that idea I also thought .... Where to set the 0 line of the fib tool.
So given a break of the 9 on the 4Hr and measuring from that candle, I am wondering about placement of the 0 line. I guess tradition would say put the 0 on the base (open) of that candle.. But why ? Why not on the close ? After all it is the close that made the signal. However that can be problematic for drawing the fib tool .. working on this now.
  • #14,675
  • Oct 11, 2021 2:18pm Oct 11, 2021 2:18pm
gbpusd beob in worker and its reject of top of wcc and Strat shadow and resistence
Attached Image (click to enlarge)
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  • #14,676
  • Oct 13, 2021 3:54am Oct 13, 2021 3:54am
Quoting ph2lsl
gbpusd beob in worker and its reject of top of wcc and Strat shadow and resistence {image}

Seems like you forgot to see what happend in the highier timeframe charts....
Attached Image (click to enlarge)
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then worker...
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Click to Enlarge Name: GBPUSDDaily.png Size: 53 KB


Learn to analyze charts with out any bias.. You see Price at strat shadow resistance and WCC then you already bult the bias inside your head... and then you become almost blind to see whats happening
Focus, Patience, Discipline, Determination and Perseverance
  • #14,677
  • Oct 13, 2021 4:02am Oct 13, 2021 4:02am
Quoting ph2lsl
gbpusd beob in worker and its reject of top of wcc and Strat shadow and resistence {image}
Wicks

Attached Image (click to enlarge)
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Lower time frame

Attached Image (click to enlarge)
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Focus, Patience, Discipline, Determination and Perseverance
  • #14,678
  • Oct 13, 2021 5:39am Oct 13, 2021 5:39am
Quoting strat
My PASR method works on any freely traded financial instrument on any time frame. It HAS to and does, because it is based purely on the energy and emotions (fear and greed) of the buyers and sellers otherwise known as PRICE ACTION. There are students of PASR who trade Crude Oil, Gold and E-Minis and students who profitably trade M5, M15, H1 and H4 time frames. Indeed, on my BootCamp exercise, even M1 was traded profitably. The choice of instrument and time fame is purely personal depending on the individual’s mentality, personality, characteristics,...
Put it on You Tube
  • #14,679
  • Oct 14, 2021 2:16pm Oct 14, 2021 2:16pm
Quoting ph2lsl
gbpusd beob in worker and its reject of top of wcc and Strat shadow and resistence {image}
Quoting ph2lsl
nzdusd beob at previos wcc low good sell worker chart {image}
unfortunate stop loss its touch in both trades
  • #14,680
  • Oct 14, 2021 2:25pm Oct 14, 2021 2:25pm
Quoting Suran
{quote} Seems like you forgot to see what happend in the highier timeframe charts.... {image} then worker... {image} Learn to analyze charts with out any bias.. You see Price at strat shadow resistance and WCC then you already bult the bias inside your head... and then you become almost blind to see whats happening
1.36296 its my resistence
I enter acording of how my rsistence its draw
your resistence its diferent then my, its more lower
maybe your resistence its right and my resistence incorect if this trade its a lose for me
its how we see zones and I seen it lower and this make my entry
so i did not sell in suport, I sell from resistence
at least how Im drew it
thanck you for input and your help
bytheway I seen V botom like ordinary retrace to resistence
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