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Strat's PASR Long Term, Stress Free Trading

  • #15,421
  • Jul 26, 2022 8:51am Jul 26, 2022 8:51am
Quoting swiftman
{quote} Hi Strat How come you did not take any short trade on the down swing? I can understand after candle A price is too close to blue support. Candle B would to be a safe entry. Candle C is the safest but because of its size they might not be enough room for profit. Thanks {image}
For me at close of the B candle price was quite messy.
I would be reluctant to take it because of range mode alert.
Two crosses not far away from each other and spine (72) of Strat Shadow was flattish.
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #15,422
  • Jul 26, 2022 11:11am Jul 26, 2022 11:11am
M1 EURO

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Difficult PA - higher time frames not aligned - just basic PASR

Worn out -need a rest!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,423
  • Jul 26, 2022 11:25am Jul 26, 2022 11:25am
Quoting swiftman
{quote} Hi Strat How come you did not take any short trade on the down swing? I can understand after candle A price is too close to blue support. Candle B would to be a safe entry. Candle C is the safest but because of its size they might not be enough room for profit. Thanks {image}
How come you did not take any short trade on the down swing?

Easy to see in hindsight but in REAL TIME, all those candles inside the black box were moving fast leaving me confused as to what Smart Money was doing so I left it alone until I could understand PA better.

That confusion prevented me from entering long on Hammers 1 & 2 but finally confidence returned on Hammer 3. Had I not lost confidence because of those fast moving candles, Hammer 1 would have been a ""Sore Thumb - Fill Yer Wellies"" trade.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,424
  • Jul 26, 2022 7:11pm Jul 26, 2022 7:11pm
Thank you Strat for your great system. Your way you trade is very clear, but not easy of course. I'm trying to correctly understand " trade from 1st support to 1 st resistance", It is a little bit confused for me.
  • #15,425
  • Jul 27, 2022 5:02am Jul 27, 2022 5:02am
Quoting Strat
M1 EURO {image} {image} Difficult PA - higher time frames not aligned - just basic PASR Worn out -need a rest!
Hi Strat

"Difficult PA - higher time frames not aligned"
Are you referring to 5 minute timeframe? Can you give us more information about not aligning.

At the close of candle B did you entry short order?
At end of your last trade did you feel like the down trend has started?

Thanks

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  • #15,426
  • Jul 27, 2022 5:05am Jul 27, 2022 5:05am
Quoting Strat
{quote} How come you did not take any short trade on the down swing? Easy to see in hindsight but in REAL TIME, all those candles inside the black box were moving fast leaving me confused as to what Smart Money was doing so I left it alone until I could understand PA better. That confusion prevented me from entering long on Hammers 1 & 2 but finally confidence returned on Hammer 3. Had I not lost confidence because of those fast moving candles, Hammer 1 would have been a ""Sore Thumb - Fill Yer Wellies"" trade. {image}
Thanks for the reply
  • #15,427
  • Jul 27, 2022 11:43am Jul 27, 2022 11:43am
EURUSD M15

Sore thumb but I missed it

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Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #15,428
  • Jul 27, 2022 1:21pm Jul 27, 2022 1:21pm
M1 EURO

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,429
  • Jul 27, 2022 3:16pm Jul 27, 2022 3:16pm
Quoting Strat
M1 EURO {image} {image}
Hi Strat

Did you able to predict the bottom at A basic on Price Action? Because I can not find any significant support in advance.
Was the bottom confirmed after candle B?

Thanks

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  • #15,430
  • Jul 28, 2022 10:59am Jul 28, 2022 10:59am
Quoting swiftman
{quote} Hi Strat "Difficult PA - higher time frames not aligned" Are you referring to 5 minute timeframe? Can you give us more information about not aligning. At the close of candle B did you entry short order? At end of your last trade did you feel like the down trend has started? Thanks {image}{image}
"Difficult PA - higher time frames not aligned" Are you referring to 5 minute time frame?

M5, M15 & H1 were not in harmony - one or other moving opposite to each other

At the close of candle B did you entry short order?

NO! Candle A was a Hammer showing rejection of sellers by buyers. Candle B was trapped sellers who did not get out at "A" and drove PRICE back down to get out again at the low. This is the classic formation of RE-TEST.

At end of your last trade did you feel like the down trend has started?

Wasn't watching the trend - I just trade the swings
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,431
  • Jul 28, 2022 11:28am Jul 28, 2022 11:28am
Quoting swiftman
{quote} Hi Strat Did you able to predict the bottom at A basic on Price Action? Because I can not find any significant support in advance. Was the bottom confirmed after candle B? Thanks {image}
Did you able to predict the bottom at A basic on Price Action?

NO! I never try to predict anything. There was H1 Support

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Was the bottom confirmed after candle B?

No. At "B", PRICE had not yet completed a swing high. The swing high was confirmed on the next red candle after my blue "x". This then confirms "A" as a swing low - not necessarily a "bottom".

My entry long at "B" was because PRICE had closed above your yellow box at "A" AND pierced the Strat Shadow.

swiftman, make sure you understand MY confirmation of SWINGS and then it should be easier to understand.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,432
  • Jul 28, 2022 11:33am Jul 28, 2022 11:33am
Quoting Baniu
EURUSD M15 Sore thumb trade but I missed it {image}
EURUSD M15 Sore thumb trade

You can't catch everything but at least you recognised it so good for you!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,433
  • Jul 28, 2022 11:47am Jul 28, 2022 11:47am
M1 EURO

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Switch to M1 DOW

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,434
  • Jul 28, 2022 12:39pm Jul 28, 2022 12:39pm
Quoting Jojotrading
Thank you Strat for your great system. Your way you trade is very clear, but not easy of course. I'm trying to correctly understand " trade from 1st support to 1 st resistance", It is a little bit confused for me.
Thank you Strat for your great system

Thank you but it is a method/strategy, not a system. A system has rigid rules - PASR is subjective based on one's understanding of PRICE ACTION and MARKET STRUCTURE.

I'm trying to correctly understand " trade from 1st support to 1st resistance", It is a little bit confused for me.

This is BASIC PASR for trading range bound Market Structures. This must be learned and understood first before moving onto SWING PASR and TREND PASR.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,435
  • Jul 28, 2022 3:16pm Jul 28, 2022 3:16pm
Quoting Strat
{quote} Did you able to predict the bottom at A basic on Price Action? NO! I never try to predict anything. There was H1 Support {image} Was the bottom confirmed after candle B? No. At "B", PRICE had not yet completed a swing high. The swing high was confirmed on the next red candle after my blue "x". This then confirms "A" as a swing low - not necessarily a "bottom". My entry long at "B" was because PRICE had closed above your yellow box at "A" AND pierced the Strat Shadow. swiftman, make sure you understand MY confirmation of SWINGS and then it...
Hi Strat

I also identified the H1 support in advance but at “A” price was already cleared the support about 10 pips. So you were expecting a re-test of the H1 support?

Thank
  • #15,436
  • Jul 29, 2022 7:26am Jul 29, 2022 7:26am
got stopped out on this one, SL was to close.
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  • #15,437
  • Jul 29, 2022 9:00am Jul 29, 2022 9:00am
Quoting swiftman
{quote} Hi Strat I also identified the H1 support in advance but at “A” price was already cleared the support about 10 pips. So you were expecting a re-test of the H1 support? Thank
So you were expecting a re-test of the H1 support?

No, I never expect anything, I just follow the swings, candle by candle. The H1 Shooting Star remains in control until there is H1 PASR to reverse it.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,438
  • Jul 29, 2022 10:50am Jul 29, 2022 10:50am
Quoting Indipip
got stopped out on this one, SL was to close. {image}
Hi Indipip,
It is classic one leg-let's prey on FOMO-whipsaw gimmick of the market. I can't count how many I was caught in this.
It was the first bullish bond candle in this pullback. Unless market is trending like crazy it really good to wait for zigzag/ABC formation and then enter after strong signal.
Yes you will miss some moves but you will be cheated less times.
Candles in ABC don't have to have space in between.
On your chart during strong bearish impulse there were two ABC corrections. Look what would happend if you tried to enter short with tight SL before second leg was finished.

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Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #15,439
  • Jul 29, 2022 1:46pm Jul 29, 2022 1:46pm
M1 DOW

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Almost perfect day for swing traders.
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,440
  • Jul 30, 2022 9:09am Jul 30, 2022 9:09am
Quoting Strat
That's it - M5 trading all done and dusted in 1 hour 10 minutes! Time for LIFE!
Everybody can said I'm a looser, I do not want shorcuts, I will keep studing everyday until gibson get like strat, this is my last thread that I study. Patience and hard work is the key, thanks Strat.
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