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MY PASR journey Based on Strat's PASR Trading 75 replies

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

Perfect PASR

I am looking for entries like this.....

greetings
doerpn
Attached Image (click to enlarge)
Click to Enlarge Name: Perfect.Entry.png Size: 82 KB
Have a nice day
Quoting doerpn
Perfect PASR I am looking for entries like this..... greetings doerpn{image}
For your information, we are using 72 ema instead of 63 ema now to construct the Strat Shadow.

Corinna
Quoting Corinna
{quote} For your information, we are using 72 ema instead of 63 ema now to construct the Strat Shadow. Corinna
Ah okay, thanks for the Info....
Have a nice day
AUDUSD short M30 bear straddle yesterday, hit target of BRN 0.7300
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I noted that I would not be considering shorting EU since there was limited downside potential if the existing WCC was taken out.
That was my opinion but the market will do what it wants to do so in this case, the most recent H4 straddle was the trigger that took out the bottom of the WCC.
My impression was that there was support on the Boss and BB level from March 2020 but price just sliced through that level.
Looking back now it seems that this level was not very strong if we look at the way price moved up through it in July 2020.

So that bear straddle on the BB is yielding nicely and was the first sign that price had the potential to continue its move down.
And the price action within the WCC did provide some clues for the down move.
Attached Images (click to enlarge)
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Quoting doerpn
Perfect PASR I am looking for entries like this..... greetings doerpn{image}
hey there, do yourself a favor and remove the Portugal flag looking thing from the left side of your screen it has no value for you. This volume is not real it just ticks. Real volume is on the futures market. Find platform with futures so you can see real volume. Every tick there is deal. Volume profiles aren’t that good at all, check TPO chart instead. Plenty of information how to use it. Sierra chart offers it for 36 dollars per month or 14 days free trial. Use 30 minute Tf with TPO charts for past 3 days. Read about the double distribution, value migration and etc.
that’s how to use volume if you don’t want to use it trade 5m PASR like Strat. 99% of day traders see those candles, what’s your advantage? That’s the way of using volume. If you want to use it like pro save yourself few years of disappointments and learn TPO charts. Methods here are sufficient without volume , Strat said it many times too it is useless. You don’t need useless tools believe me.
You attract what you think in any area of life, relationships and trading!
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}
I would have said that sometimes it just doesn't work the way you expect.

However, now that I pay more attention to it I see that:

  1. Before Straddle #1, EMA 21 and EMA 72 are parallel- strat shadow was the same size for ~10 days
  2. Straddle #2 stops dead on EMA 21, I would say it technically isn't a Straddle because it doesn't clearly cross the EMA 21
  3. Before Straddle #3, the Strat's Shadow was getting smaller to the point where the Straddle coindicided with the cross of the EMA 21 over the EMA 72

Looking forward to your thoughts.

Quoting Udkox
{quote} I would have said that sometimes it just doesn't work the way you expect. However, now that I pay more attention to it I see that: Before Straddle #1, EMA 21 and EMA 72 are parallel- strat shadow was the same size for ~10 days Straddle #2 stops dead on EMA 21, I would say it technically isn't a Straddle because it doesn't clearly cross the EMA 21 Before Straddle #3, the Strat's Shadow was getting smaller to the point where the Straddle coindicided with the cross of the EMA 21 over the EMA 72 Looking forward to your thoughts.
Hoping to start a discussion .....
What causes the Straddle is the first consideration, and the second , can it be predicted.
Some things to consider First :
The Strat Shadow is a lagging indicator because it uses moving averages.
Price action is controlled by the Big Boys.. banks, institutions, hedge funds and many more. So retail traders follow their footprints for direction. They do not lead.
Questions to be answered :
Why are the moving averages of the Strat Shadow converging (in most cases). What is happening with price to cause this convergence?
Then what causes price to suddenly and strongly move in the opposite (most often) direction which identifies the Straddle move ?
Quoting Lou
{quote} Hoping to start a discussion ..... What causes the Straddle is the first consideration, and the second , can it be predicted. Some things to consider First : The Strat Shadow is a lagging indicator because it uses moving averages. Price action is controlled by the Big Boys.. banks, institutions, hedge funds and many more. So retail traders follow their footprints for direction. They do not lead. Questions to be answered : Why are the moving averages of the Strat Shadow converging (in most cases). What is happening with price to cause this...
Strat once said that when the 20, 41 and 72 are all INTER MINGLED, this is the CALM BEFORE THE STORM. This means that AFTER THE STRAT SHADOW has inter mingled, there "usually" a BIG MOVE which follows. The degree of the 'BIG MOVE' is dependent on the market conditions at the time.

More often than not, the Strat Shadow will be inter mingled in a horizontal position but when they inter mingle in an up or down position, they foretell the DIRECTION of the BIG MOVE.
Quoting Eushev24
{quote} hey there, do yourself a favor and remove the Portugal flag looking thing from the left side of your screen it has no value for you. This volume is not real it just ticks. Real volume is on the futures market. Find platform with futures so you can see real volume. Every tick there is deal. Volume profiles aren’t that good at all, check TPO chart instead. Plenty of information how to use it. Sierra chart offers it for 36 dollars per month or 14 days free trial. Use 30 minute Tf with TPO charts for past 3 days. Read about the double distribution,...
Hey there, thanks for your advice....I know its only the ticks of my broker. My Volume Profil (special coded for Meta Trader) shows data from 10 years look back in monthly, 5 years look back in weekly, 3 years in daily time frame f.e.....I use it mainly to separate overbought levels from levels of fair prices....very often price reaches the POC (point of control) by the tick! Thus its a tool for profit targets too. My indicator may not be compared with the common Market Volume indicator which has a look back of 2-3 days and is free of charge....
I agree wit h you that methods here are sufficient without volume. Thus and to not disrupt this forum i will eliminate my indi in future charts shown here.
greetings
doerpn
Have a nice day
Quoting Udkox
{quote} I would have said that sometimes it just doesn't work the way you expect. However, now that I pay more attention to it I see that: Before Straddle #1, EMA 21 and EMA 72 are parallel- strat shadow was the same size for ~10 days Straddle #2 stops dead on EMA 21, I would say it technically isn't a Straddle because it doesn't clearly cross the EMA 21 Before Straddle #3, the Strat's Shadow was getting smaller to the point where the Straddle coindicided with the cross...
Hey, EMA 21 or EMA 20?
Thanks
doerpn
Have a nice day
Quoting doerpn
{quote} Hey, EMA 21 or EMA 20? Thanks doerpn
We always use 20 ema.
Quoting Corinna
{quote} We always use 20 ema.
Thought so, thanks...
Have a nice day
Quoting Corinna
{quote} Strat once said that when the 20, 41 and 72 are all INTER MINGLED, this is the CALM BEFORE THE STORM. This means that AFTER THE STRAT SHADOW has inter mingled, there "usually" a BIG MOVE which follows. The degree of the 'BIG MOVE' is dependent on the market conditions at the time. More often than not, the Strat Shadow will be inter mingled in a horizontal position but when they inter mingle in an up or down position, they foretell the DIRECTION of the BIG MOVE.
Thank you Corinna... great information which I obviously had forgotten. Do you recall if his reference was to the Daily in particular ? But then it should appear on all time frames. I also like that the 41 is in the picture .
Have noticed that sometimes there are spinning top candles before the Straddle candle prints.
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
my answer its not just about stradle
I see pasr in number 3 with higherlow and its also double botom
latest price its just push up
and maybe because strat shadow its more thin its more easy for price to breakthrough
also im see bigboys run stops with number 3
[quote=Lou;13786265]{quote} Thank you Corinna... great information which I obviously had forgotten. Do you recall if his reference was to the Daily in particular ? But then it should appear on all time frames. I also like that the 41 is in the picture . Have noticed that sometimes there are spinning top candles before the Straddle candle prints. [/q

In the beginning, he always stressed on trading the daily as the worker, weekly as the boss. That's how the title of this thread came about. Of course the method applies to all time frames.

To me it is not what candles appeared before the Straddle candles that mattered. More important is the situation of it in relation to the Strat Shadow.

Attached Image (click to enlarge)
Click to Enlarge Name: Gold daily..png Size: 61 KB

From the above Gold chart, we can observed the candle color in relation to the color of the Strat Shadow. The tradable ones are the same color with the color of the Strat Shadow meaning red candle with red shadow and green candle with green shadow.

My one cent observation.

Corinna
Quoting Lou
Questions to be answered :
Why are the moving averages of the Strat Shadow converging (in most cases). What is happening with price to cause this convergence?
Then what causes price to suddenly and strongly move in the opposite (most often) direction which identifies the Straddle move ?
Quoting Corinna
In the beginning, he always stressed on trading the daily as the worker, weekly as the boss. [...] My one cent observation. Corinna
The picture is just beautiful. So simple.

It's harder to explain what is happening under the hood, but I will give it a go.

My takeaway here is that a for a Straddle to work it needs to be aligned with the current trend or momentum. EMAs are lagging indicators which means there might have been a change in market direction and the Straddle is a confirmation of this.
Corinna and Udkox ... eye opening chart and insightful explanation.
Enough great information to allow a trader to be proactive in identifying a set up for a possible Straddle
Quoting Corinna
Quoting Lou
{quote} Thank you Corinna... great information which I obviously had forgotten. Do you recall if his reference was to the Daily in particular ? But then it should appear on all time frames. I also like that the 41 is in the picture . Have noticed that sometimes there are spinning top candles before the Straddle candle prints. [/q In the beginning, he always stressed on trading the daily as the worker, weekly as the boss. That's how the title of this thread came about. Of course the method applies to all time frames. To
...
Finaly a chart from Corinna ...would you belive it? But it happend..great
Focus, Patience, Discipline, Determination and Perseverance
I still need to ask my daughter how to post the chart.
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Staghead