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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

  • #17,001
  • Nov 3, 2012 10:24am Nov 3, 2012 10:24am
Quoting patrick25
Trade against Strat shadow only when opportunity presents itself like you gotta put on the risk. Maybe there will be an inside bar for discount, will see.
Started with PA, may be will end with PA. Will move SL to below Friday candle when market open.
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  • #17,002
  • Nov 3, 2012 5:02pm Nov 3, 2012 5:02pm
Look out for the October 2012 Newsletter in your email box now
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,003
  • Nov 4, 2012 11:09am Nov 4, 2012 11:09am
Quoting strat
Look out for the October 2012 Newsletter in your email box now
Thank you for the Newsletter Strat. I have not checked my yahoo mail box for a while.
  • #17,004
  • Nov 4, 2012 6:08pm Nov 4, 2012 6:08pm
The market was very sluggish with very little momentum for NFP on Friday but our members still managed to make some very nice pips as per their posts below:

Posted: Fri Nov 02, 2012 2:21 pm
I've taken profit on first position.. Set to BE.. Free trade now..
Considered one more winning trade for NFP strategy.. Loving it..

Posted: Fri Nov 02, 2012 6:28 pm
Same here - 25 pips in my case.

Posted: Sun Nov 04, 2012 8:38 am
I have closed 70% of my position. SL is 2 pips above entry for the remaining.

Posted: Sun Nov 04, 2012 6:21 pm
Close half my position at roughly 25pip. SL at breakeven now.
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,005
  • Nov 4, 2012 7:43pm Nov 4, 2012 7:43pm
Quoting strat
Nice, easy, basic PASR trade, Wild Thing, but Peter Sarsted and "Where Do You Go to My Lovely" is the wrong song choice - its "Home on The Range".
Strat,

Once AUD/JPY breaks this resistance level where would be the next resistance level?

88.00?

Also, where would you set your stops at as I am under the assumption that you are shorting at the 83.50 level right?
  • #17,006
  • Nov 4, 2012 9:36pm Nov 4, 2012 9:36pm
Quoting strat
Nice, easy, basic PASR trade, Wild Thing, but Peter Sarsted and "Where Do You Go to My Lovely" is the wrong song choice - its "Home on The Range".
Yes Strat.
That's why I posted it.

[And I linked to my original "entry" post several months ago - for those who like to scream "late poster" so they could check the ticket numbers!]

Ahh.. the power of PASR!!

As for ranging - in all probability, for sure - and I have me finger on the close button but I'm with Patrick - watching the mothership.


"I see those looks you're sending me
Is this the way it's meant to be? "
  • #17,007
  • Nov 5, 2012 3:48am Nov 5, 2012 3:48am
Quoting trogger
Yes Strat.
That's why I posted it.

[And I linked to my original "entry" post several months ago - for those who like to scream "late poster" so they could check the ticket numbers!]

Ahh.. the power of PASR!!

As for ranging - in all probability, for sure - and I have me finger on the close button but I'm with Patrick - watching the mothership.

"I see those looks you're sending me
Is this the way it's meant to be? "

Commencing countdown, engines on..

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Who blinks first?
Me or Patrick?
  • #17,008
  • Nov 5, 2012 4:11am Nov 5, 2012 4:11am
Quoting trogger
..wasn't all that long, after all.

Not quite at the buy limit, but it made sense to me*.

Attachment

*Check the Boss and Worker.

Still makes sense to me.

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But the worker, "getting testy"

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Maybe giving clues to other Yen Pairs?

More sushi, anyone?
  • #17,009
  • Nov 5, 2012 8:05am Nov 5, 2012 8:05am
Quoting trogger
Commencing countdown, engines on..

Attachment

Who blinks first?
Me or Patrick?
If 80 level holds, blink on. There is a high chance price will pull back to Strat shadow due to price too fast too far from it and @ R.
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  • #17,010
  • Nov 5, 2012 9:55am Nov 5, 2012 9:55am
Quoting 100PipsADay
Strat,

Once AUD/JPY breaks this resistance level where would be the next resistance level?

88.00?

Also, where would you set your stops at as I am under the assumption that you are shorting at the 83.50 level right?
89 for Resistance and 76 for support

I'm not shorting yet until I see confirming PASR. If we get confirming PASR at where we are now, the SL would go above the Shooting Star of Nov 02, 2012
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,011
  • Nov 5, 2012 10:04am Nov 5, 2012 10:04am
Quoting trogger
Still makes sense to me.

But the worker, "getting testy"

Maybe giving clues to other Yen Pairs?

More sushi, anyone?
Just a wobble, Wild Thing, still 200 or so pips to go
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,012
  • Nov 5, 2012 10:10am Nov 5, 2012 10:10am
Quoting patrick25
If 80 level holds, blink on. There is a high chance price will pull back to Strat shadow due to price too fast too far from it and @ R.
Spot on, Patrick!

In my Trading Psychology posts on the website I have been discussing REVERSION TO THE MEAN or everything returns to the MIDDLE or everything returns to EQUILIBRIUM or everything returns to the BALANCE POINT.

This is a good example. Where it returns to within the Strat Shadow will give us a very good idea on the strength (or weakness) of the current trend
15 YEARS OF PASR ON FOREX FACTORY!
  • #17,013
  • Nov 5, 2012 10:13am Nov 5, 2012 10:13am
Just posted with discussion
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,014
  • Nov 5, 2012 6:15pm Nov 5, 2012 6:15pm
Just posted with discussion
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,015
  • Nov 5, 2012 6:18pm Nov 5, 2012 6:18pm
Quoting strat
89 for Resistance and 76 for support

I'm not shorting yet until I see confirming PASR. If we get confirming PASR at where we are now, the SL would go above the Shooting Star of Nov 02, 2012
Thanks Strat for clarifying your perspective on AUD/JPY.
  • #17,016
  • Nov 6, 2012 1:58am Nov 6, 2012 1:58am
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Pair going back to it's main trend. All three time frames are below strat shadow now.
Big Boss showed the Shooting Star last month.
Boss is in immediate down trend, but didn't confirmed a swing high still on my data. Maybe this week will. It must close below 10.01 Boss low, which also means to close below controlling candle.
Will be looking for short after 1.22 break.

Strat, did you shorted it earlier?
  • #17,017
  • Nov 6, 2012 9:21am Nov 6, 2012 9:21am
Quoting BaliuxXx

Pair going back to it's main trend. All three time frames are below strat shadow now.
Big Boss showed the Shooting Star last month.
Boss is in immediate down trend, but didn't confirmed a swing high still on my data. Maybe this week will. It must close below 10.01 Boss low, which also means to close below controlling candle.
Will be looking for short after 1.22 break.

Strat, did you shorted it earlier?
Here is what I posted to the membership:

Posted: Thu Oct 18, 2012 10:22 am

EURAUD is nearing turning back into its main, dominant trend - DOWN

The Big Boss, although only half complete is very bearish. For new members, (and those with a short memory), notice how the Strat Shadow provides resistance - in many cases better than a trend line

The Boss is giving us our first strategy:

The safest and lowest RISK is to wait for a CLOSE below the 9 and the Strat Shadow. Again, note the Strat Shadow acting as very reliable resistance and support on this pair.

The Worker is telling us that we can start with higher RISK shorts with a CLOSE below horizontal support/20ema at 1.2570ish and then load up after we have completely cleared the Strat Shadow on our way back to 1.16. Again, note the Strat Shadow acting as very reliable resistance and support on this pair.

High RISK means SMALL positions

Low RISK means position sizing in accordance with YOUR MM strategy.

As always, the SECRET is PATIENCE - WAIT for the set up

Then, another post:

Posted: Wed Oct 24, 2012 9:47 am

I am waiting to see what PRICE does at BRN 1.25 which is also at confluence of resistance, 200ema and 61.8% Fib retrace before getting back in bed with my favourite pair!

This was followed by PASR which put us short.

I am also short GBPAUD
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,018
  • Nov 6, 2012 10:27am Nov 6, 2012 10:27am
Just posted with discussion
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15 YEARS OF PASR ON FOREX FACTORY!
  • #17,019
  • Nov 7, 2012 1:24am Nov 7, 2012 1:24am
Quoting strat
Just posted with discussion
It would be a very good entry just below that shooting star below your text "BEAUTIFUL PASR". I have to look to H4 more often, specially while this pair is ranging for two months now.
  • #17,020
  • Nov 7, 2012 1:34am Nov 7, 2012 1:34am
Strat,

Do you mind me asking your thoughts again on AUD/JPY? Just wondering if we are now officially above the recent resistance of 83.50? Not sure if you wait for weekly to close above...

Thanks Strat!
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