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Strat's PASR Long Term, Stress Free Trading

  • #17,241
  • Sep 15, 2023 9:41am Sep 15, 2023 9:41am
M15 & M3 S&P 500 ES 12-23

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Done for the day and week
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,242
  • Edited 10:31am Sep 15, 2023 10:07am | Edited 10:31am
GBPUSD analyis to warm up after the long break.

BIG BOSS:

Unable to make new highs after a brief visit above resistance and test of upper Strat Shadow. Hence selling followed after GBPUSD stopped its way up, this selling has accelerated in september. Currently at Support.

BOSS:

After a close above resistance, PRICE was rejected for almost the same distance the next week and a doji showed indecision in the market. A hammer was a clear warning sign for longs and finally a BEEB pushed PRICE back in the Strat Shadow. There followed a Shooting star, which was not in a good location though (too much to the left). Right now, the pound is also near support on the BOSS.

WORKER:

After closing back under resistance and the Strat Shadow, there followed a retest of both. The resistance and Strat Shadow, formerly support held and PRICE dropped sharply, now sitting at Support.

Conclusion:

All Timeframes are pointing down, but with PRICE at / near support on all of them, we just have to WAIT for PASR.

I am open to improvements since this is my first chart analysis for the daily in three years away from the markets.
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Fix up, trade sharp ...
  • #17,243
  • Sep 16, 2023 10:03am Sep 16, 2023 10:03am
Quoting Hickson
GBPUSD analyis to warm up after the long break. BIG BOSS: Unable to make new highs after a brief visit above resistance and test of upper Strat Shadow. Hence selling followed after GBPUSD stopped its way up, this selling has accelerated in september. Currently at Support. BOSS: After a close above resistance, PRICE was rejected for almost the same distance the next week and a doji showed indecision in the market. A hammer was a clear warning sign for longs and finally a BEEB pushed PRICE back in the Strat Shadow. There followed a Shooting star,...
Very good, well done.
Just remember, the Big Boss candle is still "live" until the month closes and the week is still "live" until the week closes so keep all that in mind with your analysis

a doji showed indecision in the market. A hammer was a clear warning sign for longs and finally a BEEB pushed PRICE back in the Strat Shadow.

You have understood well!

There followed a Shooting star, which was not in a good location though (too much to the left)

Good job - never forget this

All Timeframes are pointing down, but with PRICE at / near support on all of them, we just have to WAIT for PASR.

Yes! PASR ALWAYS shows the way

TIP for locating SR AREAS: See attached - Zoom out to the maximum on each time frame and then identify the AREA with the most touches of SR remembering that a cluster (consolidation) is also SR. The more touches, the more powerful and one with alternating SR is very powerful. Finally, remember SR is an area or zone and NOT a specific PRICE level.

Again, well done, Hickson!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,244
  • Sep 16, 2023 6:29pm Sep 16, 2023 6:29pm
Hey Gang

Still reading. Slowly. Surely. We will get there with patience and not tryna lose all our money until we at least know the alphabet.

Quite proud to see that I'm already slightly more ready to learn than I used to be. A couple of times I've found my mind drifting. Tried to pull up charts. Tried to look at other learning material... NO! I say and slap my hand. Focus kid. Otherwise you're going to end up the same place you were last time amd eventually lose interest after losing your money.

I have 1 quick question. A few times in my reading I have seen mention of The Path. I see that there is an expired link in post 1 to The Path and I see you telling people to go back to the path of learning when they fall off the wagon. I also see just below it that this thread is the Path of learning so am I right that I don't need the expired link? Just to keep reading?

At this stage I've started looking back and finding hammers and shooting stars to study them. I remember the concept so have the tiniest headstart in at least finding them. I will continue to look for them at levels of Support and Resistance and see what they do.

Also (sorry it looks like 2 questions from me.) Currently I just have a candlestick chart. No indicators at all. I see mention of MAs that you use as dynamic support and resistance lines. (Forgive my ignorance if I got that completely wrong) at this stage with me hitting reset and learning to dance with the market, is this all you would say I do now? Hammers and Stars on the Daily? I'm looking at all the forex majors because I want to see as much PA to train as possible. If you think I should focus my attention more your input would be appreciated.

Have a great day!
  • #17,245
  • Sep 17, 2023 6:42am Sep 17, 2023 6:42am
Quoting JacobTrades
Hey Gang Still reading. Slowly. Surely. We will get there with patience and not tryna lose all our money until we at least know the alphabet. Quite proud to see that I'm already slightly more ready to learn than I used to be. A couple of times I've found my mind drifting. Tried to pull up charts. Tried to look at other learning material... NO! I say and slap my hand. Focus kid. Otherwise you're going to end up the same place you were last time amd eventually lose interest after losing your money. I have 1 quick question. A few times in my reading...
Without knowing your goals or expectations, that is very difficult to give advice on - and you really shouldn't be looking for advice about those parts anyway. Read and understand the thread - study Strat's posts and charts, and then start deciding if/why/how to design a trading plan for yourself. We all do things differently and for different reasons - just the way you are trying to learn to "dance with the market", so to must you dance with your own style, personality, limitations. Together they should help define your trade plan. Whether that ends up correlating with what others do is really of no consequence. Are you profitable and are you achieving what you set out for yourself, given your plan as defined by objective knowledge and criteria...
  • #17,246
  • Sep 17, 2023 8:36am Sep 17, 2023 8:36am
Quoting Barbaresco
{quote} Without knowing your goals or expectations, that is very difficult to give advice on - and you really shouldn't be looking for advice about those parts anyway. Read and understand the thread - study Strat's posts and charts, and then start deciding if/why/how to design a trading plan for yourself. We all do things differently and for different reasons - just the way you are trying to learn to "dance with the market", so to must you dance with your own style, personality, limitations. Together they should help define your trade plan. Whether...
Hey Barbaresco

Really good point my friend. I suppose that's my first lesson and it already weaves into a lot that is in the opening pages of this thread. I think fear of missing out is rearing it's head in me. Missing what? I don't know, and I guess that's where the fear is sitting. Maybe its twin fear of failure is sitting next to it. Failure of what? Again i dont know. Thank you for your answer. I'll keep reading until my own opinions can be formed then and check back in when I have something worth contributing!

Thanks again
Jacob
  • #17,247
  • Sep 17, 2023 9:30am Sep 17, 2023 9:30am
Quoting JacobTrades
Hey Gang Still reading. Slowly. Surely. We will get there with patience and not trying lose all our money until we at least know the alphabet. Quite proud to see that I'm already slightly more ready to learn than I used to be. A couple of times I've found my mind drifting. Tried to pull up charts. Tried to look at other learning material... NO! I say and slap my hand. Focus kid. Otherwise you're going to end up the same place you were last time and eventually lose interest after losing your money. I have 1 quick question. A few times in my reading...
Adding to Barbaresco's excellent response and answers to your specific questions:

am I right that I don't need the expired link? Just to keep reading?

Yes, ALL this thread (and the older thread) is THE PATH -stay on it and never be distracted

I see mention of MAs that you use as dynamic support and resistance lines.

Yes and later you will find that they are used for other aspects of PASR trading

is this all you would say I do now? Hammers and Stars on the Daily?

No - they are meaningless without SR. You must first identify Support and Resistance (SR) and then observe PA (Hammers, Shooting Stars, BUEBs, BUOBs BEEBs, BEOBs, IBs) at and around those levels (areas).

While learning and understanding, the problem with the Daily time frame is the occurrence of these candles so when you are confident of identifying them, you may want to drop down to H4, H1 and M15 to accelerate the process.

Thanks for posting your update
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,248
  • Sep 17, 2023 9:56am Sep 17, 2023 9:56am
Quoting Strat
{quote} Adding to Barbaresco's excellent response and answers to your specific questions: am I right that I don't need the expired link? Just to keep reading? Yes, ALL this thread (and the older thread) is THE PATH -stay on it and never be distracted I see mention of MAs that you use as dynamic support and resistance lines. Yes and later you will find that they are used for other aspects of PASR trading is this all you would say I do now? Hammers and Stars on the Daily? No - they are meaningless without SR. You must first identify Support and Resistance...
Hey Strat

I really appreciate the direction. Thank you. Good to know I should go back to the old thread and not just start on this one! And don't you worry. I'm keeping the blinders on. If I can't master my focus to stay on one path that has established seemingly bucketfuls of traders that have a plan, the correct information to read what the market might want and consistent traders......well that in itself doesn't look good for a career in this profession does it?

At support and resistance. 100% yes, my mistake for not saying that. Everything is nothing without their relationship to Support and Resistance.

Back I go further to the old thread and the start. Good to know that for learning and identifying H4, H1 and M15 are ok to work on.

I'm looking forward to the learning process. May it be long and filled with lessons!
  • #17,249
  • Sep 17, 2023 10:47am Sep 17, 2023 10:47am
Quoting JacobTrades
Hey Gang Still reading. Slowly. Surely. We will get there with patience and not tryna lose all our money until we at least know the alphabet. Quite proud to see that I'm already slightly more ready to learn than I used to be. A couple of times I've found my mind drifting. Tried to pull up charts. Tried to look at other learning material... NO! I say and slap my hand. Focus kid. Otherwise you're going to end up the same place you were last time amd eventually lose interest after losing your money. I have 1 quick question. A few times in my reading...
Hi
I would suggest to pick one major forex pair or any of the big indices and put all your efforts on that.
over time you will find what timeframe suits you most and create your own personal method of entering and exiting trades.
focus on one instrument, take paper trades, review the trades at the end of the day, talk about those trades on forums or with buddies. one trade per day and you have 3-4 repetitions in one day.
  • #17,250
  • Sep 18, 2023 2:39am Sep 18, 2023 2:39am
Quoting Strat
{quote} Very good, well done. Just remember, the Big Boss candle is still "live" until the month closes and the week is still "live" until the week closes so keep all that in mind with your analysis a doji showed indecision in the market. A hammer was a clear warning sign for longs and finally a BEEB pushed PRICE back in the Strat Shadow. You have understood well! There followed a Shooting star, which was not in a good location though (too much to the left) Good job - never forget this All Timeframes are pointing down, but with PRICE at / near support...
Thank you for your kind answer and additional hints. It is always good for me to know that I am still able to understand something new. What is helping tremendously is to stay away from social media as much as possible - it is like a poison to the mind in most cases and should be consumed in very small bits - if any at all!

Back to PASR! The week has closed bearish on Cable, but there is a wider zone of support on the BOSS and even though the WORKER closed bearish now, it is not worth the risk for me as long as the Queen does not make up her mind in this zone on my charts. I need to practice more refining my levels and continue reading, learning and UNDERSTANDING.

BOSS and WORKER:
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Fix up, trade sharp ...
  • #17,251
  • Sep 18, 2023 9:12am Sep 18, 2023 9:12am
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  • #17,252
  • Sep 18, 2023 11:30am Sep 18, 2023 11:30am
M1 S&P 500 ES 12-23

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Low volume and difficult PA - not worth my time today
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,253
  • Sep 18, 2023 12:08pm Sep 18, 2023 12:08pm
Quoting Strat
M1 S&P 500 ES 12-23 {image} {image} Low volume and difficult PA - not worth my time today
When you find some free time I recommend you to read the following threads:

https://www.forexfactory.com/thread/...usd-m5-trading
https://www.forexfactory.com/thread/...ottom-rotation

Based on their strategy, your chart shows several good oppotunities to make profit. No offense but personally I think their strategy is stronger than yours. Breakout traders cannot prosper in the long run. And forget about volume. It won't improve your profit.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #17,254
  • Sep 18, 2023 12:29pm Sep 18, 2023 12:29pm
Quoting Strat
14 YEAR ANNIVERSARY OF PASR ON FOREX FACTORY Appreciation of 14 years on Forex Factory {image} Back to square 1 – THE BEGINNING! I have closed my private website and divulged myself of ALL commercial interests related to trading and have no further interest in promoting or pursuing commercial related activities on here or anywhere else. With the agreement and co-operation of Forex Factory (thank you, Twee), we are returning to the TRADING SYSTEMS forum as originally started on February 27, 2009. Although the thread has a new name “ Strat’s PASR...

Pls am new here and I need some body who can put me through this forex trading pls help me....
  • #17,255
  • Sep 18, 2023 2:58pm Sep 18, 2023 2:58pm
Quoting MattechAds
{quote} Pls am new here and I need some body who can put me through this forex trading pls help me....
You are the only one who can do it, while we can only help with specific questions. Like in any other profession, expect years of intense study until you see the results you want to see.
Fix up, trade sharp ...
  • #17,256
  • Edited 9:14pm Sep 18, 2023 7:38pm | Edited 9:14pm
Good Morning, Afternoon, Evening and Night to you all!

Just a check in to see if I'm starting to learn the shape of the first letter of the alphabet and see what I may have missed or misunderstood at this stage.

EURUSD Monthly looks to be trapped and panting, I've made a couple of observations on the Chart. Is that a shooting star at the 50% retracement?
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Weekly Looks like it's in an upward trend but it's testing maybe turning around. Nothing that's staring me in the face though, especially considering where the monthly is positioned still testing that 61.8%.
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The Daily I mainly wanted to see if my reading is correct here. I think I see an inverted hammer bouncing off Support, I then see it break through and come back to retest. Again, definitely not anything tradable in my fresh eyes but are bits and pieces of this holding any correctness?
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If this is wrong I'm happy to start the path from scratch and make sure that incorrect comprehension doesn't get rooted in my head. If this is catastrophically wrong would also appreciate feedback of any kind.
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  • #17,257
  • Sep 19, 2023 7:13am Sep 19, 2023 7:13am
Quoting JacobTrades
Good Morning, Afternoon, Evening and Night to you all! Just a check in to see if I'm starting to learn the shape of the first letter of the alphabet and see what I may have missed or misunderstood at this stage. EURUSD Monthly looks to be trapped and panting, I've made a couple of observations on the Chart. Is that a shooting star at the 50% retracement? {image} Weekly Looks like it's in an upward trend but it's testing maybe turning around. Nothing that's staring me in the face though, especially considering where the monthly is positioned still...
Looks good. Make a plan on how to make money out of all that
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I am shorting PA like that on the M1 chart (or any chart actually). Start identifying simple entries and making trades and build your arsenal of entries, things you would want to see in real time to place a trade. Worst case you will be wrong half the time (like everyone else).
Get experience on how to identify when you are wrong so that you lose as less as possible.
And keep your winners running until there is a reason to close the trade. While the market agrees with you keep adding (trend PASR?)
Rinse and repeat
  • #17,258
  • Sep 19, 2023 9:31am Sep 19, 2023 9:31am
A reminder for myself and others why we avoid trading M5 on London Open and WAIT for PRICE to show its hand! I did not trade it, just observed it.
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Fix up, trade sharp ...
  • #17,259
  • Sep 19, 2023 10:46am Sep 19, 2023 10:46am
M3 S&P 500 ES 12-23

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Done for the day!
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,260
  • Sep 19, 2023 11:43am Sep 19, 2023 11:43am
Quoting heispark
{quote} When you find some free time I recommend you to read the following threads: Based on their strategy, your chart shows several good opportunities to make profit. No offense but personally I think their strategy is stronger than yours. Breakout traders cannot prosper in the long run. And forget about volume. It won't improve your profit.
Thank you kindly, heispark, for visiting this thread and offering your advice.

You have now taken me back 141/2 YEARS to when I first started these threads on FF where I would get my double barrel shotgun out and blow these type of posts out of the water!. However, after reaching the ripe and wise ""old"" age of 75, I am a little more discreet.

First, it is VERY UNPROFESSIONAL and BAD TRADING ETIQUETTE to troll a thread and post links on it to other threads!

Next, as with all self appointed and proclaimed gurus and experts who are all WIND and PISS, you know very little about what you are talking about proven by the fact that these 2 threads you posted here have nowhere near the consistent profitability which PASR has SHOWN, DEMONSTRATED and PROVEN over the last 141/2 YEARS.

Next, you have started 12 threads of which NONE contributed to a teaching or understanding of how to trade!

Next, instead of trading, you spend your time trolling other threads as a self proclaimed and appointed expert and guru spouting your Wind and Piss!

Next, what qualifies you to comment on a thread which has shown, demonstrated and proven consistent profitability over 141/2 years?

No offense but personally I think their strategy is stronger than yours.

Well I DO TAKE OFFENCE - who are you to be Judge and Jury to make such a ridiculous statement especially when you have not studied PASR and have NO CLUE what PASR strategy is?

Breakout traders cannot prosper in the long run.

Again, who are you to be Judge and Jury to make such a ridiculous statement? I have trading colleagues who have been trading longer than myself who are consistently profitable and TRADE FOR THEIR LIVING using their breakout strategies!

Next, PASR is NOT a breakout strategy!

And forget about volume. It won't improve your profit.

Finally, this CONFIRMS you know NOTHING about consistently profitable TRADING FOR A LIVING!

VOLUME is what MOVES PRICE!!

VOLUME is to PRICE just as gasoline is fuel to an engine! PRICE cannot sustain a move WITHOUT VOLUME!

I have used VOLUME successfully in my trading (except Forex where there is no central exchange volume) since the 1980s - when you were not yet an adult!

I could go on and on but I have already wasted my valuable time answering an uninvited troll!

Now to offer you some advice:

Follow your own Biography -

  1. Biography:
  2. I am nobody, wanderer forever


Please kindly continue your trolling elsewhere and as the good Scripture book says - GO FORTH AND MULTIPLY!

14 1/2 YEARS OF PASR ON FOREX FACTORY!

15 YEARS OF PASR ON FOREX FACTORY!
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