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Strat's PASR Long Term, Stress Free Trading

  • #14,741
  • Nov 7, 2021 7:29am Nov 7, 2021 7:29am
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  • #14,742
  • Nov 7, 2021 8:27am Nov 7, 2021 8:27am
Quoting first_major
{quote} I assume, as its 1M and using FIB, we students done need to know how you took this trade, though it would be great if you explained whats going on here. And Yes, am still reading and not scanning and not in a hurry, but just a thought
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1 - Strat Shadow is POSITIVE - BUYS ONLY

2 - NFP candle (unusually smooth) closes on very high volume and OI above previous day's high and immediate range.

3 - Candle closes on high volume above SR created by Swing High candle

4 - Candle closes on high volume above SR created by NYSE Open Stop Run

5 - Candle closes on high volume above SR created by Shooting Star

6 - Added Fibonacci after Swing High is confirmed to help determine where pull back will gain support. PRICE dropped into Strat Shadow and found confluence of support with 38% Fibonacci.

7 - First close above Strat Shadow after SR/Fib confluence.

8 - PRICE is making a lower high and 2nd drop into Strat Shadow on decreasing volume and OI as NY approaches lunch time so CLOSE all positions
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,743
  • Nov 7, 2021 9:20am Nov 7, 2021 9:20am
Quoting TerryDawe
Refresher on Strat's signals, in this case the strat saddle (straddle). When an entire candle crosses the shadow. In this case a bearish straddle on the BB in September, which should alert that there is a potential for a move down (prior to this as well a BEEOB formed in area of BRN 1.4200) Next month candle formed an IB as price retraced back up and can be seen that it stopped at the top of the Boss shadow. The 9 had crossed the top of the Boss shadow in August and remained inside the shadow. Dropping to the worker price seen consolidating at the...
Thanks for this Interesting information Terry.
And useful.
A trader could use the Strat Saddle as a trigger for a trading system on the time frame of their choice . Multiple TF analysis could be used . The formation doesn't occur often.... but if a trader is watching the majors and the crosses, that is going to be 20 or more pairs, there most likely will be opportunities every week.
  • #14,744
  • Nov 7, 2021 9:46am Nov 7, 2021 9:46am
Quoting strat
{quote} {image} 1 - Strat Shadow is POSITIVE - BUYS ONLY 2 - NFP candle (unusually smooth) closes on very high volume and OI above previous day's high and immediate range. 3 - Candle closes on high volume above SR created by Swing High candle 4 - Candle closes on high volume above SR created by NYSE Open Stop Run 5 - Candle closes on high volume above SR created by Shooting Star 6 - Added Fibonacci after Swing High is confirmed to help determine where pull back will gain support. PRICE dropped into Strat Shadow and found confluence of support with...
Hello STRAT and @all the others here...
may I introduce me as a student being back here after 3 years looking around for the holy grail. Now I know that the holy grail is in the man I see in the mirror.
Having read more than 30 dozens of pages of the old thread and a couple of pages of this thread plus my more than 20 years trading experience I suppose
to be able to give some positive input to this useful thread....
If you agree to my participation I would ask STRAT about the number of positions in this last trade. I suppose it were 1-5 + 7= 6 entries, right? Amazing!
Have a nice day so far
doerpn
Have a nice day
  • #14,745
  • Nov 7, 2021 10:07am Nov 7, 2021 10:07am
Quoting Lou
{quote} Thanks for this Interesting information Terry. And useful. A trader could use the Strat Saddle as a trigger for a trading system on the time frame of their choice . Multiple TF analysis could be used . The formation doesn't occur often.... but if a trader is watching the majors and the crosses, that is going to be 20 or more pairs, there most likely will be opportunities every week.
Yeah Lou, they can be helpful on any time frame to help identify potential trades in that direction or if they fail, signal a trade in the opposite direction.

I find the ones formed on the higher time frames are stronger and can help identify the potential end of long trends. Good example of this is the first one posted with the BEEOB and then the straddle on the BB.

Regards
Terry
  • #14,746
  • Nov 7, 2021 10:53am Nov 7, 2021 10:53am
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Quoting TerryDawe
{quote} Yeah Lou, they can be helpful on any time frame to help identify potential trades in that direction or if they fail, signal a trade in the opposite direction. I find the ones formed on the higher time frames are stronger and can help identify the potential end of long trends. Good example of this is the first one posted with the BEEOB and then the straddle on the BB. Regards Terry
Hello Terry and @all,
as I am mainly trading with my laptop(smaller screen) I thought about having overview about BB,B and W without using 3 different charts.
As can bee seen below there was an entry signal on EURGBP at the same point you showed it....you may compare it...works on all time frames.
Of course the 2. Strat-channel (sorry, wrote channel in my screen with 1 "n" only) has to be adapted to the workers TF.
Perhaps this idea is helpful for someone?

Nice day
doerpn
Have a nice day
  • #14,747
  • Nov 7, 2021 12:24pm Nov 7, 2021 12:24pm
Quoting TerryDawe
Refresher on Strat's signals, in this case the strat saddle (straddle). When an entire candle crosses the shadow. In this case a bearish straddle on the BB in September, which should alert that there is a potential for a move down (prior to this as well a BEEOB formed in area of BRN 1.4200) Next month candle formed an IB as price retraced back up and can be seen that it stopped at the top of the Boss shadow. The 9 had crossed the top of the Boss shadow in August and remained inside the shadow. Dropping to the worker price seen consolidating at the...

Thx Terry,
Very useful and new info to me.
Will keep my eyes opened.

If you get any chance to share the template, i would appreciate, or a link to download
  • #14,748
  • Nov 7, 2021 6:20pm Nov 7, 2021 6:20pm
Quoting TerryDawe
Refresher on Strat's signals, in this case the strat saddle (straddle). When an entire candle crosses the shadow. In this case a bearish straddle on the BB in September, which should alert that there is a potential for a move down (prior to this as well a BEEOB formed in area of BRN 1.4200) Next month candle formed an IB as price retraced back up and can be seen that it stopped at the top of the Boss shadow. The 9 had crossed the top of the Boss shadow in August and remained inside the shadow. Dropping to the worker price seen consolidating at the...
TerryDawe, thank you for refreshing me on Strat Saddle (straddle). This is the one I don't quite understand even though I had finished reading both Strat's threads and still reading now and trade with his method.

Corinna.
  • #14,749
  • Nov 8, 2021 6:54am Nov 8, 2021 6:54am
Quoting first_major
{quote} Thx Terry, Very useful and new info to me. Will keep my eyes opened. If you get any chance to share the template, i would appreciate, or a link to download
you can find all the templates you need at the top right of the screen, over 9000

Regards
Terry
  • #14,750
  • Nov 8, 2021 9:07am Nov 8, 2021 9:07am
Quoting first_major
{quote} Thx Terry, Very useful and new info to me. Will keep my eyes opened. If you get any chance to share the template, i would appreciate, or a link to download
First... check your private messages.
  • #14,751
  • Nov 8, 2021 2:27pm Nov 8, 2021 2:27pm
Anyone catch this nice H1 bear straddle on the GBPJPY? Have a look at the confluence with the 9, SS and 200........that is a strong straddle, short entry below the straddle with stop above it provided nice RR. of 1:4

It did happen during the London session so I was sound asleep but some of you out there could have seen this. If not, we need to start looking for these on all pairs if you are so inclined.

Regards
Terry
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  • #14,752
  • Nov 9, 2021 12:52am Nov 9, 2021 12:52am
Quoting Lou
{quote} First... check your private messages.
thank you. got them , much appreaciated
  • #14,753
  • Edited 10:18am Nov 9, 2021 8:10am | Edited 10:18am
M5 Dow

Entry on Strat Straddle

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Expected further drop but Volume has dried up so CLOSE 2nd lots

EDIT: 10:13am

Just after I closed out and posted this, PRICE continued down to SR

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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,754
  • Nov 9, 2021 9:56am Nov 9, 2021 9:56am
CRUDE OIL

Be prepared to pay much more for petrol/gasoline

PRICE is marching to May 2011 highs and maybe July 2008 highs -- good for Canada but not USA

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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,755
  • Nov 10, 2021 8:26am Nov 10, 2021 8:26am
Quoting strat
M5 Dow Entry on Strat Straddle {image} Expected further drop but Volume has dried up so CLOSE 2nd lots EDIT: 10:13am Just after I closed out and posted this, PRICE continued down to SR {image}
Ah, the power of the straddle.................logical stop and if it doesn't pan out, minimum loss vs. large gain........

Well done maestro
Regards
Terry
  • #14,756
  • Nov 10, 2021 9:30am Nov 10, 2021 9:30am
Not all straddles are created equal.
Examples of good straddles and not so good.
Trading these are longer term on the daily and require patience, not in and out. Although similar patterns can be found on any time frame, they are most reliable on the higher time frames.

No traction on the first bull straddle.
No traction on the first bear straddle.

Look at the structure of the shadow on #1 and #2.
Now look at the structure of the shadow on #3.

What would make #3 have a higher probability of follow through?
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  • #14,757
  • Nov 10, 2021 10:34am Nov 10, 2021 10:34am
CRUDE OIL

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15 YEARS OF PASR ON FOREX FACTORY!
  • #14,758
  • Nov 10, 2021 10:43am Nov 10, 2021 10:43am
Quoting strat
{quote} {image} 1 - Strat Shadow is POSITIVE - BUYS ONLY 2 - NFP candle (unusually smooth) closes on very high volume and OI above previous day's high and immediate range. 3 - Candle closes on high volume above SR created by Swing High candle 4 - Candle closes on high volume above SR created by NYSE Open Stop Run 5 - Candle closes on high volume above SR created by Shooting Star 6 - Added Fibonacci after Swing High is confirmed to help determine where pull back will gain support. PRICE dropped into Strat Shadow and found confluence of support with...
though it would be great if you explained whats going on here

Obviously a huge waste of my time explaining this when not even the requestor acknowledged it so I will not be wasting my time doing this again - read the threads instead!
15 YEARS OF PASR ON FOREX FACTORY!
  • #14,759
  • Nov 10, 2021 11:01am Nov 10, 2021 11:01am
Quoting TerryDawe
Not all straddles are created equal. Examples of good straddles and not so good. Trading these are longer term on the daily and require patience, not in and out. Although similar patterns can be found on any time frame, they are most reliable on the higher time frames. No traction on the first bull straddle. No traction on the first bear straddle. Look at the structure of the shadow on #1 and #2. Now look at the structure of the shadow on #3. What would make #3 have a higher probability of follow through? {image}
The squeeze of the Shadow might be a clue but the bear candle just before #3 had the squeeze too.
Dropping down to 4H might reveal something. I don't have that pair being in the USA.
  • #14,760
  • Nov 10, 2021 12:33pm Nov 10, 2021 12:33pm
Quoting TerryDawe
Not all straddles are created equal. Examples of good straddles and not so good. Trading these are longer term on the daily and require patience, not in and out. Although similar patterns can be found on any time frame, they are most reliable on the higher time frames. No traction on the first bull straddle. No traction on the first bear straddle. Look at the structure of the shadow on #1 and #2. Now look at the structure of the shadow on #3. What would make #3 have a higher probability of follow through? {image}
Hi Terry,
its the fact that by candle pushing up the fast EMA crosses the slow EMA....a strong signal!

good trades
doerpn
Have a nice day
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