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Strat's PASR Long Term, Stress Free Trading

  • #16,601
  • Apr 18, 2023 1:38pm Apr 18, 2023 1:38pm
Quoting Strat
{quote} Closed the trade after price rejected my monthly SR level for +47 PIPS Well done, Mdjq8792. The proof of the pudding is in the eating as we say back home! Does the volume indicator below your chart add value/help you in any way? If not, send it the way of all indicators. Just a suggestion: {image} There are no other traders on FF who know as much as you hence there is no need to consult or follow anyone else. Do not be distracted from PASR.
Does the volume indicator below your chart add value/help you in any way?

On lower time frames not really, on higher timeframes, however, I feel like it can add a certain confluence to the price action at SR levels. It might be worthless but if I see a hammer after a down move on the daily with higher volume than the previous candles it does tell me something.

The subscriptions are left overs from times I used to search for the answers outside of myself. Now I know I've found the holy grail. Unsubscribed!
  • #16,602
  • Apr 18, 2023 1:42pm Apr 18, 2023 1:42pm
Quoting Strat
{quote} trying to interpret the volumes that have been printed inside the candle in practice Volumes in Forex are as much use as a crack in a glass eye as they are not traded in a Central Exchange (as are Futures). Unfortunately, Futures retail brokers are not providing the real, accurate volume as the Banks and Funds use, which is a pity as volume was very meaningful when I traded Futures and Commodities back in the 90s. I also did cyclical analyzes where one tries to "predict" the future I went through that phase until I found out it was just...
just like trying to predict what the Big Boss (wife) will say or do next!

I had a good laugh!

Oh no, not another Pizza Man

Oh si, another Pizzaiolo! Forza Milan!
  • #16,603
  • Apr 18, 2023 1:52pm Apr 18, 2023 1:52pm
Quoting Max74Italy
{image} Thanks Strat, i put the chart and my think . As i said my English is ridicolus and i prefer speak with the chart :-) Pizzaiolo? My favourite team is Juventus :-)
Buona sera Massimiliano e benvenuto!

Your shared picture shows you've understood Strat's definition of confirmed swings. Be aware that the lower the time frame the less reliable these swings are.
You've mistakenly labeled a lower low as a higher low.
It looks like you've got a good understanding of PASR and it's wise to wait for a retrace of a move like in your chart example where price crossed below the EMAs, the 20 crossed below the 50 and then price tested it twice.

Forza Milan!
  • #16,604
  • Apr 19, 2023 12:55am Apr 19, 2023 12:55am
Quoting Max74Italy
{image} Thanks Strat, i put the chart and my think . As i said my English is ridicolus and i prefer speak with the chart :-) Pizzaiolo? My favourite team is Juventus :-)
It will be overwhelming trying to identify swings on M5. And pay attention that on hindsight it is easy to see what you could have traded.
Below is a snapshot of yesterday's action. You would need experience and a bit of imagination to "see" price moving lower
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And half an hour later :
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  • #16,605
  • Apr 19, 2023 1:05am Apr 19, 2023 1:05am
Quoting Max74Italy
{image} Thanks Strat, i put the chart and my think . As i said my English is ridicolus and i prefer speak with the chart :-) Pizzaiolo? My favourite team is Juventus :-)
Having started with forex myself, which is heavily marketed, I can only suggest for new traders to start their learning curve on something that has a beggining and end throughout the day (index). forex pairs can and will be moving at random times during the day, since that market is open 24/7. On the other hand for example DOW (or any of the other indexes) have an open and close. That gives you a schedule to work around and not be influenced by fear and greed.
  • #16,606
  • Apr 19, 2023 3:20am Apr 19, 2023 3:20am
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  • #16,607
  • Apr 19, 2023 4:16am Apr 19, 2023 4:16am
Quoting bistolis
{quote} It will be overwhelming trying to identify swings on M5. And pay attention that on hindsight it is easy to see what you could have traded. Below is a snapshot of yesterday's action. You would need experience and a bit of imagination to "see" price moving lower{image} And half an hour later : {image}

thanks a lot to Bistolis and Mdjg8792,
i've put these last two charts for understand if my comprension of Pasr and Swing confirmed were correct indipendent from timeframe used. I trade from 2008 and in the last years i traded on chart 1 second, so for my head see charts on 1 or 5 or 15 minutes are already really slow for my patience.
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in my opinion also in the chart of 1 second you can see the support who became a resistence and viceversa. And also the swing is the same thing. the first thing that one man must learn and find "own" timeframe . Know your propency is the most important thing more than tecniques used.
Omg my english is terrible i hope you understand that i want say :-)
  • #16,608
  • Apr 19, 2023 4:57am Apr 19, 2023 4:57am
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candles of this sort used to fool me (still do sometimes)
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  • #16,609
  • Edited 5:37am Apr 19, 2023 5:24am | Edited 5:37am
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Quoting bistolis
{image} candles of this sort used to fool me (still do sometimes) {image}
Infact i would be exit on these bar Bistolis, in that moment i would seen a confirmed new low . Can i ask you why are you exit later ? Thank a lot
  • #16,610
  • Apr 19, 2023 6:47am Apr 19, 2023 6:47am
Sharing the latest trades on EURUSD M1 and what I marked as signs to confirm my trades on the higher timeframe M5 on the left.
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  • #16,611
  • Apr 19, 2023 7:30am Apr 19, 2023 7:30am
Quoting Mdjq8792
Sharing the latest trades on EURUSD M1 and what I marked as signs to confirm my trades on the higher timeframe M5 on the left. {image}
what is that yellow line ? what MAs do you use ?
  • #16,612
  • Apr 19, 2023 7:34am Apr 19, 2023 7:34am
Quoting Max74Italy
{image}{quote} Infact i would be exit on these bar Bistolis, in that moment i would seen a confirmed new low . Can i ask you why are you exit later ? Thank a lot
I have no clue how you can trade using a line chart and on 1sec chart as well

that candle I marked I have seen many times. kneejerk reaction towards the shadow and then it continues lower on the next candles. If it actually doesnt continue lower, well I just close it if I am not sure.
  • #16,613
  • Apr 19, 2023 7:35am Apr 19, 2023 7:35am
Quoting bistolis
{quote} what is that yellow line ? what MAs do you use ?
I use the 20/50 & 100 EMA the last one being the yellow line
  • #16,614
  • Edited 8:05am Apr 19, 2023 7:38am | Edited 8:05am
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support/resistence on ym at 1 second , entry on the pulback of the strat averages.
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  • #16,615
  • Apr 19, 2023 8:14am Apr 19, 2023 8:14am
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Quoting bistolis
{quote} I have no clue how you can trade using a line chart and on 1sec chart as well that candle I marked I have seen many times. kneejerk reaction towards the shadow and then it continues lower on the next candles. If it actually doesnt continue lower, well I just close it if I am not sure.
scalping for me is simple, i wait a resistence that became a support and then pulback on the averages (strat shadow) I like to see only 1 timeframe and a line on close, but im here for learning from you, Strat, and MJ. Thank you so much !
  • #16,616
  • Apr 19, 2023 10:08am Apr 19, 2023 10:08am
Quoting Max74Italy
{image}{quote} scalping for me is simple, i wait a resistence that became a support and then pulback on the averages (strat shadow) I like to see only 1 timeframe and a line on close, but im here for learning from you, Strat, and MJ. Thank you so much !
I'm only trading this strategy recently myself so I can only pass along the theoreticals and my personal thoughts. How do you manage risk on the 1 second timeframe? I imagine you stay away from trades around news time.
Yes, after a test of the averages is often a good time to enter. What do you mean by "like to see a line and a line on close"?
  • #16,617
  • Apr 19, 2023 10:08am Apr 19, 2023 10:08am
Quoting Max74Italy
{image}{quote} scalping for me is simple, i wait a resistence that became a support and then pulback on the averages (strat shadow) I like to see only 1 timeframe and a line on close, but im here for learning from you, Strat, and MJ. Thank you so much !
I saw that candle as well. Not sure if it would work.

If line charts work for you then keep on using it there is no right way to trade
  • #16,618
  • Apr 19, 2023 10:26am Apr 19, 2023 10:26am
Quoting Mdjq8792
{quote} I'm only trading this strategy recently myself so I can only pass along the theoreticals and my personal thoughts.
How do you manage risk on the 1 second timeframe?
i use an atr stop and profit

I imagine you stay away from trades around news time.
Generally yes


Yes, after a test of the averages is often a good time to enter. What do you mean by "like to see a line and a line on close"?
When i do scalping a like to see only the line of price (line on close) . The PASR is very clear when you have only this line (1 sec and all the other timeframe)
i like in generally charts without nothing, for this i like very much the Strat Philosophy.
  • #16,619
  • Apr 19, 2023 11:06am Apr 19, 2023 11:06am
M1 EURO

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Typical crappy, low volume, low volatility PA when not driven by news events.

Have to leave early to take the Big Boss to DMV to renew her driving licence.
15 YEARS OF PASR ON FOREX FACTORY!
  • #16,620
  • Apr 20, 2023 4:42am Apr 20, 2023 4:42am
Quoting Strat
M1 EURO {image} {image} Typical crappy, low volume, low volatility PA when not driven by news events. Have to leave early to take the Big Boss to DMV to renew her driving licence.
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Hi Strat, i observe your chart and im curious about Extension Fibo that you have project yesterday you take the swing low high confirmed in 1 minute before the open Globex and project that?
Thank you and Milan in Semifinal of Champion!!
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