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Strat's PASR Long Term, Stress Free Trading

  • #15,801
  • Nov 14, 2022 7:45am Nov 14, 2022 7:45am
Quoting Strat
{quote} Welcome Jaguar man! From 2009 it appears to me that you were working with Big Boss (Monthly) Boss (Weekly) and Worker (Daily) and taking trades on the daily from info gained from Boss & Big Boss, Correct. The higher the time frame, the more accurate are PA, candles, patterns, PRICE structure etc. The big disadvantages are the size of the SL and the frequency of set ups. These time frames were the best to illustrate PASR to those wanting to learn it. but within this thread of "Strat's PASR Long Term, Stress Free Trading" recently I am only...
No I don't mind Strat, happy to help any way I can.

Regards
Terry
  • #15,802
  • Nov 14, 2022 9:58am Nov 14, 2022 9:58am
2 trades for me today, in a day where I've not been at the screens as much as I'd like.

Early Euro trade taken when it looked like price was breaking a short term trend line, with bearish PA bringing price accross 10EMA and 100EMA in the same candle.

10 PIP loser, which on post analysis suggests I was too eager, taking the trade before the 10EMA had crossed back over the 100 and wasn't yet evidencing a downward trend. With more patience, I should have taken a short on the 2nd highlighted candle, which had similar MA crossing characteristics, but with a downward trend.

2nd trade on UJ was an easy one, set my SL & conservative TP, with a view to perhaps stretching the TP if PA was looking strong. Went to make a coffee and came back to Tp taken out. Can't complain +15 so net 5 for the day so far.
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Getting there, slowly but surely...
  • #15,803
  • Nov 14, 2022 5:29pm Nov 14, 2022 5:29pm
Dax offered a nice daily signal (2) but I wouldn't sell the farm for it given that we had a huge weekly green candle (1) last week that will take time to digest. I have a small short in play, but nothing I will be stubborn about and I guess the market is being prudent with tomorrow's PPI to see if CPI was a false signal.
14700-15000 still remains the entry zone for a swing short into 2023
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  • #15,804
  • Nov 15, 2022 8:57am Nov 15, 2022 8:57am
Happy I just took a tiny stab at short Dax based on a daily signal last night and this is all thanks to Strat to helped me, years ago, to respect the Boss.
The short thesis from higher remains intact and this current context doesn't fit my day trading style, but I also learned to be patient rather than try to make (or lose) money on a daily basis.

Lots of emotions and 0DTE option trading in this current market, people are trying to make some money for 2022. Recognizing when markets are not behaving in a serene manner and not participating is a feat in itself.

PPI came out lower than expected but this won't make the Fed change course, only slow it down a bit. The bear market is nowhere near finished imo
  • #15,805
  • Nov 15, 2022 9:01am Nov 15, 2022 9:01am
Given how I trade, for those trading ES, the 3930 and 3870 zones may offer interesting buying opportunities to continue the year-end rally
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  • #15,806
  • Nov 15, 2022 9:17am Nov 15, 2022 9:17am
Just to say thank you to Strat, here is a 5mn chart of the ES and how it should have been traded following his guidance.
A few years ago, I was pulling my hair trying to understand this magic
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  • #15,807
  • Nov 15, 2022 11:02am Nov 15, 2022 11:02am
Quoting darko2010
Just to say thank you to Strat, here is a 5mn chart of the ES and how it should have been traded following his guidance. A few years ago, I was pulling my hair trying to understand this magic {image}
This is not so easy as it might seem though
  • #15,808
  • Nov 15, 2022 11:08am Nov 15, 2022 11:08am
Quoting bistolis
{quote} This is not so easy as it might seem though
Always easier in hindsight, no doubt.
You have to be in the zone, focus on your instruments and never let your ego prevail (i.e. use stops)

I haven't traded the 5mn chart in years, it was just an hommage. It remains however a great timeframe to scalp
  • #15,809
  • Nov 15, 2022 1:19pm Nov 15, 2022 1:19pm
M1 & M5 EURO

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,810
  • Edited Nov 16, 2022 4:04pm Nov 15, 2022 9:02pm | Edited Nov 16, 2022 4:04pm
I am just enjoying a great night with the BB and a glass of wine and wanted to share a gorgeous picture of Strat's methodology in action.

Not drawing any trend lines of support//rsistance levels so it's up to you to see what is ooing on.

This is for long term traders as defined in this thread.

Thanks Strat

Doesn't seem like too much interest in the long term stuff but I thought I would post this again with some follow up.
Confirmed Boss swing with the close of the candle highlighted in the green box, so looking for longs on worker retraces.
One could drop to worker and see the opportunities.
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  • #15,811
  • Nov 16, 2022 9:46am Nov 16, 2022 9:46am
M1, M5 & M15 EURO

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$Index no help so far today so close shop and help the BB with shopping

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15 YEARS OF PASR ON FOREX FACTORY!
  • #15,812
  • Nov 16, 2022 11:31am Nov 16, 2022 11:31am
Quoting Strat
M1, M5 & M15 EURO {image} $Index no help so far today {image}
Getting ready for a reversal imo, but it may take until December
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  • #15,813
  • Nov 17, 2022 1:50am Nov 17, 2022 1:50am
Hi Strat

Loser on the Euro this morning, short on the highlighted candle, still struggling to see where my analysis was wrong.

In my set up, it had broken down through the 100, come back to test it and been rejected, then pushed south with bearish PA closing clear below recent S/R, pulling the 9 down to cross the 100.

Can you see what should have stopped me taking this one?

Thanks

Dave
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Getting there, slowly but surely...
  • #15,814
  • Edited 4:09am Nov 17, 2022 3:38am | Edited 4:09am
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Not much to comment about this trade. pretty self explanatory. Other than the fact that DOW was a much better candidate (but not on this account since it gets pretty expensive on this broker at early hours. commissions and bigger spread make it difficult for me on m1 to keep losses small)
There was an earlier entry possible that i missed. You can work it out yourselves where it is
  • #15,815
  • Nov 17, 2022 5:00am Nov 17, 2022 5:00am
I'd like to think this was a pretty text book trade, but would welcome any observations.

PA had broekn through support, come back to test which was firmly rejected by bearish PA right at the S/R level, crossing and returning back under the MA.
Set Tp a few pips inside where I'd got next support, to where it dutifully went in 3 bearish candles, before bouncing off.
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Getting there, slowly but surely...
  • #15,816
  • Nov 17, 2022 5:31am Nov 17, 2022 5:31am
Quoting Edlich
I'd like to think this was a pretty text book trade, but would welcome any observations. PA had broekn through support, come back to test which was firmly rejected by bearish PA right at the S/R level, crossing and returning back under the MA. Set Tp a few pips inside where I'd got next support, to where it dutifully went in 3 bearish candles, before bouncing off. {image}
H1
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M5
your entry is great I would say. IF we can accept HOW much to lose and make it as small an amount as possible then it is well defined as a trade and acceptable in my book
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M1
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  • #15,817
  • Nov 17, 2022 10:57am Nov 17, 2022 10:57am
Quoting darko2010
{quote} Actually, bonds and stocks rally in unison most of the time, except at turning points. I will try and write something about that in more details, but, in the meantime, here is a chart of the US 10 year Bond. The bottom line is that bonds will probably rally more in 2023 than stocks and stock indices because we are approaching the terminal rate whereas something can break in the stock market (and cryptos, as evidenced this week) {image}
here is a chart of the US 10 year Bond.

Thanks darko
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,818
  • Nov 17, 2022 11:03am Nov 17, 2022 11:03am
Quoting darko2010
Happy I just took a tiny stab at short Dax based on a daily signal last night and this is all thanks to Strat to helped me, years ago, to respect the Boss. The short thesis from higher remains intact and this current context doesn't fit my day trading style, but I also learned to be patient rather than try to make (or lose) money on a daily basis. Lots of emotions and 0DTE option trading in this current market, people are trying to make some money for 2022. Recognizing when markets are not behaving in a serene manner and not participating is a feat...
thanks to Strat to helped me, years ago, to respect the Boss.

I also learned to be patient

Nice going darko - really good to see you have turned the corner!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,819
  • Nov 17, 2022 11:04am Nov 17, 2022 11:04am
Quoting darko2010
Just to say thank you to Strat, here is a 5mn chart of the ES and how it should have been traded following his guidance. A few years ago, I was pulling my hair trying to understand this magic {image}
Just to say thank you to Strat, here is a 5mn chart of the ES and how it should have been traded following his guidance. A few years ago, I was pulling my hair trying to understand this magic

But you had plenty of hair when we met in PS!
15 YEARS OF PASR ON FOREX FACTORY!
  • #15,820
  • Nov 17, 2022 11:12am Nov 17, 2022 11:12am
Quoting TerryDawe
I am just enjoying a great night with the BB and a glass of wine and wanted to share a gorgeous picture of Strat's methodology in action. Not drawing any trend lines of support//rsistance levels so it's up to you to see what is ooing on. This is for long term traders as defined in this thread. Thanks Strat Doesn't seem like too much interest in the long term stuff but I thought I would post this again with some follow up. Confirmed Boss swing with the close of the candle highlighted in the green box, so looking for longs on worker retraces. One...
Doesn't seem like too much interest in the long term stuff but I thought I would post this again with some follow up.

Thanks again Terry, please keep posting. There are many who follow this but don't have the balls to post their trades. I wonder what happened to the JaguarJaguar guy - so much for being eager to learn, oh well, their loss.
15 YEARS OF PASR ON FOREX FACTORY!
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