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Strat's PASR Long Term, Stress Free Trading 18,592 replies

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Strat's Long Term Stress Free Trading

  • #11,561
  • Apr 15, 2010 11:28am Apr 15, 2010 11:28am
Quoting strat
It really doesn't get much SIMPLER than this

This was a "fill yer wellies" trade if ever I saw one!

It will be interesting to see what happens at 1.4345
Thanks Strat, I see all the pointers. Something to study and watch when the trend has locked in.
  • #11,562
  • Apr 15, 2010 11:29am Apr 15, 2010 11:29am
We have AUDJPY, AUDUSD, CADJPY, CHFJPY and NZDJPY banging their heads against R again!

We have USDCAD slouching at S again

Most pairs are trapped between very narrow SR ranges

Something is afoot!

What do the big boys see down the pipe?

What are the big boys waiting for?
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,563
  • Apr 15, 2010 11:38am Apr 15, 2010 11:38am
Quoting hcristea
I dont watch this pair but where the entry point was supposed to be?
My giving you the answer will not help you learn to trade.

Why not post it on here for discussion to be resolved by students?
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,564
  • Apr 15, 2010 12:10pm Apr 15, 2010 12:10pm
With all the crap on the thread, here is what I held back from yesterday
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15 YEARS OF PASR ON FOREX FACTORY!
  • #11,565
  • Edited 5:07pm Apr 15, 2010 12:53pm | Edited 5:07pm
So, I’m just checking my emails and I see this in the “Sponsored Links”


Averaging $25,500 per month
Our Expert Advisor averages over $25,500 per month. View Results.
www.WankerProgramming.com

Well you just know I have to check this out and I must admit it looks good.

Then I pull up the charts to see what my mechanized system would have done at the same time and there is NO COMPARISON.

I’m not doing this to brag about my system but to show you that you don’t need these EAs, Robots, Black Boxes or ANYTHING once you understand PASR

My mechanized system is just me mechanizing on paper, what I do in my head with PASR. Anyone who understands PASR can do the same.

So, below is their “Performance” from which you can see their trades.

In the posts that follow, I will identify their trades on my Worker chart together with my system entries and exits.
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15 YEARS OF PASR ON FOREX FACTORY!
  • #11,566
  • Apr 15, 2010 1:12pm Apr 15, 2010 1:12pm
So let’s do their 1st trade

Jan18, 2010 Buy USDCHF 1.0248
Jan 19, 2010 Sell USDCHF 1.0298

Their trade is identified by red dotted lines

My PASR system enters on the GREEN arrow and gets out on the RED arrow.

Note: The system trades 3 lots. This is the 2nd lot. I was out the 1st lot with 100 pips profit (to keep the Little People happy). The 3rd lot got me out on a trailing stop. In addition, extra positions were added in accordance with PASR.

OK, theirs was a 2 day trade, mine was much longer.
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #11,567
  • Edited 2:35pm Apr 15, 2010 1:19pm | Edited 2:35pm
Quoting strat
My giving you the answer will not help you learn to trade.

Why not post it on here for discussion to be resolved by students?
Hi all, I thought I would try Strats challenge. I have been watching this pair for some time now as it is Dr.Joe at his finest.

Big Boss- We are working the the 15th month of down candles, no question on the trend here

Boss- Put in a hammer 3 weeks ago and was immediately engulfed the following 2 weeks.

Worker- Made a nice retrace up to the 20 and put in a shooting star. Not sure if theres enough retracement to even consider the Ice cream man.


Pros- The kind trend you dream of.

Ma's all say yes.

Strats text book says sell 15 pips below S.star and target would be in the area of the previous low.



Cons- This pair is in no mans land, hard to establish S/R to watch PA.

Although early in the month, Big Boss was looking like a hammer at the time.

I was watching for a retrace up to the area of the 50 and watch for PA then, Oh well.

As a learner I wasn't sure about the gap caused by the Eur. over the weekend.

Mentors, please advise if this analysis is unacceptable.

Still studying,
Poncho

Edit: After posting I noticed Strat did have fibs on his chart, answers that question!
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" I can read the left side of the chart, the right side's a Bitch!
  • #11,568
  • Apr 15, 2010 1:25pm Apr 15, 2010 1:25pm
So let’s do their 2nd trade

Jan18, 2010 Sell EURUSD 1.4387
Jan 20, 2010 Buy EURUSD 1.4102

Their trade is identified by red dotted lines

My PASR system enters on the GREEN arrow and gets out on the RED arrow.

Note: The system trades 3 lots. This is the 2nd lot. I was out the 1st lot with 100 pips profit (to keep the Little People happy). The 3rd lot got me out on a trailing stop. In addition, extra positions were added in accordance with PASR.

OK, theirs was a 2 day trade, mine was much longer.

You don’t need EAs, Robots, Black Boxes or ANYTHING – just learn and UNDERSTAND PASR
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #11,569
  • Apr 15, 2010 1:37pm Apr 15, 2010 1:37pm
So let’s do their 3rd trade

Jan18, 2010 Buy USDCAD 1.0262
Jan 19, 2010 Sell USDCAD 1.0267

Their trade is identified by red dotted lines

My PASR system enters on the GREEN arrow and gets out on the RED arrow.

Note: The system trades 3 lots. This is the 2nd lot. I was out the 1st lot with 100 pips profit (to keep the Little People happy). The 3rd lot got me out on a trailing stop. In addition, extra positions were added in accordance with PASR.

OK, theirs was a 2 day trade, mine was much longer.

You don’t need EAs, Robots, Black Boxes or ANYTHING – just learn and UNDERSTAND PASR
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #11,570
  • Apr 15, 2010 1:47pm Apr 15, 2010 1:47pm
So let’s do their 4th trade

Jan18, 2010 Sell GBPUSD 1.6307
Jan 19, 2010 Buy GBPUSD 1.6380 SL Hit

Their trade is identified by red dotted lines

My PASR system enters on the GREEN arrow and gets out on the RED arrow.

Note: The system trades 3 lots. This is the 2nd lot. I was out the 1st lot with 100 pips profit (to keep the Little People happy). The 3rd lot got me out on a trailing stop. In addition, extra positions were added in accordance with PASR.

OK, theirs was a 2 day trade, mine was much longer.

You don’t need EAs, Robots, Black Boxes or ANYTHING – just learn and UNDERSTAND PASR
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #11,571
  • Apr 15, 2010 1:58pm Apr 15, 2010 1:58pm
So let’s do their 5th trade

Jan18, 2010 Sell USDCAD 1.0305
Jan 18, 2010 Buy USDCAD 1.0263

Their trade is identified by red dotted lines

My PASR system enters on the GREEN arrow and gets out on the RED arrow.

Note: The system trades 3 lots. This is the 2nd lot. I was out the 1st lot with 100 pips profit (to keep the Little People happy). The 3rd lot got me out on a trailing stop. In addition, extra positions were added in accordance with PASR.

OK, theirs was a 1 day trade, mine was much longer.

You don’t need EAs, Robots, Black Boxes or ANYTHING – just learn and UNDERSTAND PASR
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 30 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,572
  • Apr 15, 2010 2:10pm Apr 15, 2010 2:10pm
So let’s do their 6th trade

Jan18, 2010 Buy EURUSD 1.4348 (Not on my data!)
Jan 18, 2010 Sell EURUSD 1.4384

Their trade is identified by red dotted lines

Since I have already shown this trade, I will show the next system trade.

My PASR system enters on the GREEN arrow and gets out on the RED arrow.

Note: The system trades 3 lots. This is the 2nd lot. I was out the 1st lot with 100 pips profit (to keep the Little People happy). The 3rd lot got me out on a trailing stop. In addition, extra positions were added in accordance with PASR.

OK, theirs was a 1 day trade, mine was much longer.

You don’t need EAs, Robots, Black Boxes or ANYTHING – just learn and UNDERSTAND PASR
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 26 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,573
  • Apr 15, 2010 2:17pm Apr 15, 2010 2:17pm
Quoting strat
My giving you the answer will not help you learn to trade.

Why not post it on here for discussion to be resolved by students?
Let me see if i can hold the spoon... or the fork

When The Big Boss looks like a runaway train south and the Boss is completely in agreement, a LONG is out of the question. So lets take the South train from the Worker.

I hope you dont mind my drawing on your chart.

So... while the huge demand of euro caused the gap, when the price got closer to the worker short term TL, the demand was fulfilled (candle 2 shows that). Candle #3 tells that the sellers were back in control and the supply of euro was abundant again.
Candle #3 broke the support coinciding with the Fibo 50 and it also closed lower than support and candle #1 open. This tells me that sellers are back in control and the #2's High is swing high.

Now that the #2 is the swing high, and we have the down trend, we have fibo level, I think that a limit SELL under the low of #3 candle with SL above the high of #2 would be the proper entry.

Considering the momentum of this down trend, probably a SELL under candle #4 low with SL above #2 high, could also be an acceptable trade. Positions could be added along if some profits could be locked. This chart looks promising in this direction.
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  • #11,574
  • Apr 15, 2010 2:28pm Apr 15, 2010 2:28pm
So let’s do their 7th trade

Jan18, 2010 Sell USDCHF 1.0283
Jan 18, 2010 Buy USDCHF 1.0245

Their trade is identified by red dotted lines

Since I have already shown this trade, I will show the next system trade.

My PASR system enters on the GREEN arrow and gets out on the RED arrow.

Note: The system trades 3 lots. This is the 2nd lot. I was out the 1st lot with 100 pips profit (to keep the Little People happy). The 3rd lot got me out on a trailing stop. In addition, extra positions were added in accordance with PASR.

OK, theirs was a 1 day trade, mine was much longer.

You don’t need EAs, Robots, Black Boxes or ANYTHING – just learn and UNDERSTAND PASR

For those of you that tried PASR and lost PATIENCE and have gone back to searching for that MAGIC $million making system on every forum, thread and website you can find and probably still are wasting your money on buying these SCAM systems and who keep coming back on here to see how we are going on, that magic $million making system is here, it is in YOUR hands.

Unfortunately, YOU will have to do the work.

Granted an EA or Robot does it for you, but even if you found one that was not OPTIMIZED up the ying yang, what will YOU do when it stops making profits?

PASR is not optimized or dependent on anything except PRICE.

Wherever PRICE goes, PASR will follow.
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15 YEARS OF PASR ON FOREX FACTORY!
  • #11,575
  • Apr 15, 2010 4:43pm Apr 15, 2010 4:43pm
Quoting Raje$h
Hi Alexandra,

The Weekly and Monthly charts posted by Tmanbone are identical as they show the prices from Feb 95 till date. Screen size permitting, I suppose even the daily chart can be zoomed out enough that it conveys the same 'trend feel'.

As a beginner, since I am only trading from one S/R to the next, is it fine if I only look at the previous few months/weeks?

And yes, please do keep posting. We are privileged to be sharing your wisdom and insights. Do not be discouraged by a few negative posts.

Remember, your namesake Greek goddess...
No, I think that looking only at the recent S/R does not lead to as easy a time as if one has weekly and monthly perspective. Yes, a read of the thread and the responses shows that the curse still exists (wink).
  • #11,576
  • Apr 15, 2010 4:44pm Apr 15, 2010 4:44pm
Quoting jacanpipster
It is a shame when an uninvited guest attempt to insult you in your own home, we seem to be attracting more of these ungracious guests of late. Cretin would seem to be a more appropriate user name for this one.
I almost went with that line last night. Good for you!
  • #11,577
  • Apr 15, 2010 7:49pm Apr 15, 2010 7:49pm
Quoting strat
So let’s do their 7th trade

Jan18, 2010 Sell USDCHF 1.0283
Jan 18, 2010 Buy USDCHF 1.0245

Their trade is identified by red dotted lines

Since I have already shown this trade, I will show the next system trade.

My PASR system enters on the GREEN arrow and gets out on the RED arrow.

[font=Arial]Note: The system trades 3 lots. This is the 2nd lot. I was out the 1st lot with 100 pips profit (to keep the Little People happy). The 3rd...
Again thank you Strat. You have given a good amount of information about your PASR system for free.
  • #11,578
  • Apr 16, 2010 12:17am Apr 16, 2010 12:17am
Quoting hcristea
Let me see if i can hold the spoon... or the fork

Considering the momentum of this down trend, probably a SELL under candle #4 low with SL above #2 high, could also be an acceptable trade. Positions could be added along if some profits could be locked. This chart looks promising in this direction.
My sell would have been ( easy in hindsight) on the take out of the low of bar 1, Based on Fib, boss, big boss
  • #11,579
  • Apr 16, 2010 1:44am Apr 16, 2010 1:44am
Quoting Money Magnet
My sell would have been ( easy in hindsight) on the take out of the low of bar 1, Based on Fib, boss, big boss
I have added this pair to my watchlist after Strat's post. Can't help the 'missed the bus' feeling!

On my feed, there is a shooting star (almost a gravestone doji). Hence sell below it and stop loss above the trendline.

Very few shooting stars and BEOB/BEEBs along the down trend. It would have been a challenge to follow 'Strat Rules for Beginners' faithfully.

Cheers,
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  • #11,580
  • Apr 16, 2010 2:08am Apr 16, 2010 2:08am
Quoting Raje$h
I
On my feed, there is a shooting star (almost a gravestone doji). Hence sell below it and stop loss above the trendline.
That candle looks to me like a pause, rather than a reversal sign. Especially after the previous bearish candles. So because I'm in a risk aversion mode, i would wait for a confirmation first. If the next candle makes a new high then the sell is postponed.
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