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Strat's PASR Long Term, Stress Free Trading

  • #16,301
  • Mar 2, 2023 1:13pm Mar 2, 2023 1:13pm
Quoting DexterzxD
{quote} Happy birthdayyyyyy!!!!!
Happy birthdayyyyyy!!!!!

Thank you, Dexter
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,302
  • Edited 1:33pm Mar 2, 2023 1:22pm | Edited 1:33pm
Quoting pivotcatcher
Hi Strat, Have been a "lurker" for months, and now I really want to be a part of your thread. I still reading and practicing from both threads, and I truly appreciate when seeing you're still here to teach PASR, helping people who really want to be consistently profitable in trading, for 14 years. It's really special and I think not many people can do this. Thanks for all you gave, Strat. I want to say hello to everybody here, I hope I can learn from you in PASR too. Sorry for my bad English, I just want to say something in these special day of...
Welcome pivotcatcher and thank you for your appreciation.

I hope I can learn from you in PASR too

Learning is only a small part - understanding and applying is much more important. Whether you learn, understand and apply it is 100% up to you. If "pivots" are your "thing", 2be is your man!

I really want to be a part of your thread

Again, you will be if you post on here.

Good luck
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,303
  • Mar 2, 2023 1:32pm Mar 2, 2023 1:32pm
Quoting JanKar
Hey Chaps, Just wanted to honor this thread and Strat for his work, and all of you folks that continue posting and keeping the chat active. I've been one of the fellows who was silently reading the thread and absorbing the materials. Actually, the system I am testing at the moment turned out to be my own version of the '"Swing trap" that was published here, plus some EMAs for direction which serve me for direction. Here the examples from the Shadow and where you take trades definitely helped me. It's actually one of the first systems that produce...
Welcome JanKar and thank you for your appreciation!


Same as my reply to Yule:

Welcome and thank you for joining us BUT how long will it last? Your history shows you are still searching for your "style" (Holy Grail - look in the mirror to find it) and you seem to be influenced by other's views. My advice is to stick with PASR of course, as long as you accept, like everything else, it is not perfect and there will be losers.

Good job JanKar BUT make sure you read and UNDERSTAND and apply Strat's 5 Steps to becoming a consistently profitable trader from experience.

Hope I will be able to contribute to the thread in the future as well

We hope so too as I have zero time and patience for those in the background who only TAKE and do not GIVE back to this thread

Good luck!
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,304
  • Mar 2, 2023 2:53pm Mar 2, 2023 2:53pm
Quoting Strat
It's that time of the year again - another year of PASR on the FF calendar! {image} "Old", original thread -https://www.forexfactory.com/showthread.php?t=155459
Wow 14 Years!!!

Happy Birthday and thank you for sharing your wisdom. To many more years to come
  • #16,305
  • Edited Mar 3, 2023 10:18am Mar 2, 2023 4:09pm | Edited Mar 3, 2023 10:18am
Quoting Strat
{quote} Welcome pivotcatcher and thank you for your appreciation. I hope I can learn from you in PASR too Learning is only a small part - understanding and applying is much more important. Whether you learn, understand and apply it is 100% up to you. If "pivots" are your "thing", 2be is your man! I really want to be a part of your thread Again, you will be if you post on here. Good luck

I hope I can learn from you in PASR too

Learning is only a small part - understanding and applying is much more important. Whether you learn, understand and apply it is 100% up to you. If "pivots" are your "thing", 2be is your man!

It is very dangerous to base trades just on pivots, or many other things we use like MA ect.
PASR is enough to be traded purely on its own merits, it is just a matter of choosing the TF or a combination of TFs and go.

There are strong advocates of naked trading, usually after many years of experience, traders see what makes them taking profitable trades purely on PA.
I use pivots, MAs, and more importantly gaps as a background, the absolute priority is given to PA as it is displayed on different TFs.
One needs to be careful not to overload the chart with too much stuff, especially the charts used during active trading.
If your chart looks something resembling the one below-reconsider, it is not only optics, what about cohesion, emotions and clarity upon which each decision is taken.
Attached Image (click to enlarge)
Click to Enlarge Name: DOW Clarity exposed 2023-03-03_160319.png Size: 237 KB

For more explanation regarding some of my observations while trading DOW please go to my journal.
Make sure losses are small and profits are bigger!
  • #16,306
  • Mar 3, 2023 4:20am Mar 3, 2023 4:20am
Good morning.
I failed a few times trying to go long and then closing and trying again. I will wait for NY open. I give up
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  • #16,307
  • Mar 3, 2023 5:01am Mar 3, 2023 5:01am
I have a reoccurring thing on which I need clarification. Is the marked candle a BUEB even if the open of that candle is higher than the previous close?
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  • #16,308
  • Mar 3, 2023 5:27am Mar 3, 2023 5:27am
Quoting Mdjq8792
I have a reoccurring thing on which I need clarification. Is the marked candle a BUEB even if the open of that candle is higher than the previous close? {image}
Don't get too confused by little details . Your focus should be on the bigger picture.
  • #16,309
  • Mar 3, 2023 5:59am Mar 3, 2023 5:59am
Quoting Strat
{quote} Welcome and thank you for joining us BUT how long will it last? Your history shows you are still searching for your "style" (Holy Grail - look in the mirror to find it) and you seem to be influenced by other's views. My advice is to stick with PASR of course, as long as you accept, like everything else, it is not perfect and there will be losers. I solely trade Dow after I was so confused that Forex got so many pairs and I can't even focus. That is why I switched back to Futures - bistolis is your PASR man for the Dow as I only trade the...
Thank you Strat, your advices is a great help to me

Yes, I did struggle to find the perfect system but overlook the fundamentals. This week is a little changer for me, even if my profit end up BE. Sure there will be several losses as you say but with the PASR I believe there will be improvement on entry and exit.
  • #16,310
  • Mar 3, 2023 6:08am Mar 3, 2023 6:08am
Quoting bistolis
{quote} Don't get too confused by little details . Your focus should be on the bigger picture.
While having the bigger picture as a guide, details intuitively seem important to me if I want to trade the 1M time frame.

I have the 5m & 15m charts open at the same time as well and check the 30m and 1h after every candle close of those timeframes.
  • #16,311
  • Mar 3, 2023 6:40am Mar 3, 2023 6:40am
Quoting Mdjq8792
{quote} While having the bigger picture as a guide, details intuitively seem important to me if I want to trade the 1M time frame. I have the 5m & 15m charts open at the same time as well and check the 30m and 1h after every candle close of those timeframes.
I get carried away with M1 when I look too much into details if something is or not engulfing and so on. Sometimes it doesnt matter much if the structure is "telling" you it is bullish. The combination of candles matter more and if they are at support even tiny support

This is engulfing and at support on various combinations. Tiny earlier support , M5 bounce on the shadow and previous highs
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PS: and a kind of double retracement towards the strat shadow and the prevailing trend, which I will always repeat that is happening A LOT
  • #16,312
  • Mar 3, 2023 6:44am Mar 3, 2023 6:44am
Quoting Mdjq8792
{quote} While having the bigger picture as a guide, details intuitively seem important to me if I want to trade the 1M time frame. I have the 5m & 15m charts open at the same time as well and check the 30m and 1h after every candle close of those timeframes.
And to be more specific about my answer. No , it is not engulfing. what you point out is just a random candle. The one after that though is (more or less).
EDIT
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  • #16,313
  • Mar 3, 2023 6:55am Mar 3, 2023 6:55am
Quoting bistolis
{quote} I get carried away with M1 when I look too much into details if something is or not engulfing and so on. Sometimes it doesnt matter much if the structure is "telling" you it is bullish. The combination of candles matter more and if they are at support even tiny support This is engulfing and at support on various combinations. Tiny earlier support , M5 bounce on the shadow and previous highs {image} PS: and a kind of double retracement towards the strat shadow and the prevailing trend, which I will always repeat that is happening A LOT
Yes exactly, I only look for the candle patterns (Shooting Star, Hammer, BUOB/BEOB & BUEB/BEEB] at SR levels and take my direction from the higher time frame. I was simply curious about that specific candle because I see it often and I determine my entry on the 1m time frame.

Thank you for your insights
  • #16,314
  • Mar 3, 2023 7:01am Mar 3, 2023 7:01am
Quoting bistolis
{quote} And to be more specific about my answer. No , it is not engulfing. what you point out is just a random candle. The one after that though is (more or less). EDIT {image}
On your 1st marked candle I agree, that's even a bullish outside engulfing bar, the 2nd, however, I don't understand how that's an engulfing candle, in my eyes that's at best a bullish outside bar but I thought they're only to be considered as such if they come after a bearish candle.
  • #16,315
  • Mar 3, 2023 7:54am Mar 3, 2023 7:54am
Quoting Mdjq8792
{quote} On your 1st marked candle I agree, that's even a bullish outside engulfing bar, the 2nd, however, I don't understand how that's an engulfing candle, in my eyes that's at best a bullish outside bar but I thought they're only to be considered as such if they come after a bearish candle.
I point that out (whatever it is called) because it so happens it is a good combination of candles to look for at support( or close to the shadow).

Look at those candle structures on the DOW
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  • #16,316
  • Mar 3, 2023 8:01am Mar 3, 2023 8:01am
Now try to make some sense out of the candles at the arrows. Do they look bearish?
Attached Image (click to enlarge)
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EDIT: you can see more like these on the same chart

On another note. Using black and white for the candles makes a big difference for me psychologically. Rather than the usual green and red. Now the price structure is more neutral for lack of a better expression.
  • #16,317
  • Mar 3, 2023 8:25am Mar 3, 2023 8:25am
Quoting bistolis
{quote} I point that out (whatever it is called) because it so happens it is a good combination of candles to look for at support( or close to the shadow). Look at those candle structures on the DOW {image}
I use STRAT's vocabulary to be on the same page as those who read through his material, to be understood and to not have to explain in detail what I mean.
In his materials he says to look for those patterns, memorize them and open trades above/below them at SR levels in order to get in when the momentum already started in an attempt to minimize risk. That's why I specifically asked about it.

With that being sad I appreciate you taking it a step further, but I'm not sure I can go there already without tripping if that makes sense.

To answer your question the candles don't look bearish to me because they keep closing higher. The 1st wouldn't have been enough for me, but the 2nd would've confirmed it for me to go long above the wick of the 1st candle.

I have considered going black and white as well. I guess red & green may evoke emotions that black & white don't and one can therefore maybe be more objective.
  • #16,318
  • Mar 3, 2023 9:10am Mar 3, 2023 9:10am
Survive with 66 pips. Should've close at strong rejection candle
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  • #16,319
  • Mar 3, 2023 9:30am Mar 3, 2023 9:30am
Quoting Yule
Survive with 66 pips. Should've close at strong rejection candle {image}
nice trade. although I wouldnt buy myself at that spot
It worked out I guess. I tried something different after 2 failed attempts (first short breakeven. second one long but I messed up and I entered right after again)
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I waited to see if that last candle would close above the highs. It didnt so I closed it
  • #16,320
  • Mar 3, 2023 9:37am Mar 3, 2023 9:37am
I had a papertrade earlier at the marked candles (short). I will let people comment on that and I will show how I use the strat shadow(hint) later , or over the weekend
food for thought. while all the previous "bearish" candles failed, these didnt.
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