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Strat's Long Term Stress Free Trading

  • #19,521
  • Edited 5:14pm Jul 25, 2014 4:58pm | Edited 5:14pm
EURGBP

Trend trading is so EASY with PASR - even my blind, deaf and dumb, one legged old man with asthma could make money with it!

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.PNG Size: 55 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,522
  • Jul 25, 2014 7:31pm Jul 25, 2014 7:31pm
Quoting strat
GBPUSD PASR traders KNOW what to do HERE - do you? {image}
Dear Strat,

Yes. Buy at Strat Support. Thank you strat

bye
ajentha
  • #19,523
  • Jul 26, 2014 9:42am Jul 26, 2014 9:42am
GBPUSD

Quoting ajentha
{quote} Dear Strat, Yes. Buy at Strat Support. Thank you strat bye ajentha
The answer is WAIT - WAIT for PA
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,524
  • Jul 27, 2014 3:27pm Jul 27, 2014 3:27pm
Hi Strat,

Have you looked at super-imposing weekly onto monthly PASR and daily onto weekly PASR to get an idea of how PA relates to both PASR without having to move to another chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 27th July 14 AUD:USD W1 Chart.png Size: 134 KB
Click to Enlarge Name: 27th July 14 AUD:USD D1 Chart.png Size: 140 KB
  • #19,525
  • Jul 27, 2014 4:19pm Jul 27, 2014 4:19pm
PASR

Quoting stevepatt
Hi Strat, Have you looked at super-imposing weekly onto monthly PASR and daily onto weekly PASR to get an idea of how PA relates to both PASR without having to move to another chart. {image} {image}
No, Steve, I never even thought about that but it looks interesting. Thank you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,526
  • Jul 28, 2014 12:11pm Jul 28, 2014 12:11pm
USD/CAD D1

Could be setting up for a short?
Attached Image (click to enlarge)
Click to Enlarge Name: 28th July 14 USD:CAD D1 Chart.png Size: 208 KB
  • #19,527
  • Jul 28, 2014 3:42pm Jul 28, 2014 3:42pm
USDCAD

Quoting stevepatt
USD/CAD D1 Could be setting up for a short?
PRICE closed above the negative Worker Strat Shadow with a bullish candle on Friday while PRICE closed at resistance of the Boss positive Strat Shadow in an UP Primary Trend so we have a CONFLICT between the two time frames. We must WAIT for resolution which will show up as PRICE ACTION one way or the other.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad Worker.PNG Size: 52 KB

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad Boss.PNG Size: 49 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,528
  • Jul 28, 2014 5:14pm Jul 28, 2014 5:14pm
Quoting strat
EURUSD While most were BULLS, the Strat Shadow was NEGATIVE so we were WAITING for PASR to go SHORT which we got - it wasn't pretty but the Strat Shadow is keeping us SHORT {image}
Hi Strat,

Isn't the USD/CAD setup I've highlighted very similar to this one on EUR/USD on the 1st July.
Attached Image (click to enlarge)
Click to Enlarge Name: 28th July 14 EUR:USD D1 Chart 2.png Size: 114 KB
  • #19,529
  • Jul 28, 2014 6:16pm Jul 28, 2014 6:16pm
USDCAD

Quoting stevepatt
{quote} Hi Strat, Isn't the USD/CAD setup I've highlighted very similar to this one on EUR/USD on the 1st July.
Similar but not the same. We will not really know for sure until we get PA which is why we must WAIT.

If you compare USDCAD with EURUSD you will see that PRICE broke through the DOWN TL on USDCAD whereas it did not on EURUSD. It is possible that PRICE on USDCAD may fall back down to test the TL as support but that is guessing. We don't trade guesses which is why we WAIT.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD v USDCAD.PNG Size: 25 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,530
  • Jul 28, 2014 10:38pm Jul 28, 2014 10:38pm
Quoting stevepatt
{quote} Hi Strat, Isn't the USD/CAD setup I've highlighted very similar to this one on EUR/USD on the 1st July.
Steve, I see from your trail of thread subscriptions that you are lost on the sea of forex. My advice is pick a method/strategy/time frame that suits/compliments your style as a trader and LEARN it until you know it upside down, backwards, forwards and inside out. It could be an indicator(s) method/strategy, but LEARN it like no other instead of thread hopping - indicator trading is profitable if you LEARN the strengths/weaknesses/failings of the indicator(s). I have members who were once in your position and after focusing and dedicating themselves to ONE method/strategy, are now profitable. This is not an advert to join us on the website but rather advice to pick what suits you best and work at it and forget all the other trading strategy distractions.

Now back to the EURUSD/USDCAD conundrum:

Study the BOSS charts of each and in particular the candle circled in blue. Hopefully you should see why one was bearish and why one is bullish.

Good luck!

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd BOSS.PNG Size: 53 KB

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad BOSS.PNG Size: 48 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,531
  • Edited 5:45am Jul 29, 2014 4:12am | Edited 5:45am
Quoting strat
{quote} Steve, I see from your trail of thread subscriptions that you are lost on the sea of forex. My advice is pick a method/strategy/time frame that suits/compliments your style as a trader and LEARN it until you know it upside down, backwards, forwards and inside out. It could be an indicator(s) method/strategy, but LEARN it like no other instead of thread hopping - indicator trading is profitable if you LEARN the strengths/weaknesses/failings of the indicator(s). I have members who were once in your position and after focusing and dedicating...

Hi Strat,

I totally agree with you in my needing to stick with one stratagy and learning it inside out.

I can see that one candle creates a Bearish bias and the other a Bullish bias but you where taking a Bearish trade when the preceding weekly candle was still Bullish but there was a trend line acting as Bullish resistance.

Would the second chart be a good example of trading PASR?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 29th July 14 EUR:USD D1 Chart.png Size: 130 KB
Click to Enlarge Name: 29th July 14 EUR:USD D1 Chart 2.png Size: 142 KB
  • #19,532
  • Jul 29, 2014 4:25am Jul 29, 2014 4:25am
hello strats nice work u have done here want to as a question about confirmed swing, with what i read the high of the lowest candle has to be engulfed or the low or the highest candle has to be engulfed .with that said is the highlighted zone in blue on the E/j chart a confirmed swing or just an outside bar.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 27 KB
All market movement are as a result of supply and demand
  • #19,533
  • Jul 29, 2014 9:13am Jul 29, 2014 9:13am
PASR

Quoting stevepatt
{quote} Hi Strat, I totally agree with you in my needing to stick with one stratagy and learning it inside out. I can see that one candle creates a Bearish bias and the other a Bullish bias but you where taking a Bearish trade when the preceding weekly candle was still Bullish but there was a trend line acting as Bullish resistance. Would the second chart be a good example of trading PASR?
Yes, the break and test of SR is PASR. The combination of Worker and Boss Strat Shadows on EURUSD is what gave us our bearish sentiment. The Strat Shadow provides us a wealth of information but it cannot be learned overnight - the more you use it, the more you learn.
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,534
  • Jul 29, 2014 9:17am Jul 29, 2014 9:17am
Quoting babalame
hello strats nice work u have done here want to as a question about confirmed swing, with what i read the high of the lowest candle has to be engulfed or the low or the highest candle has to be engulfed .with that said is the highlighted zone in blue on the E/j chart a confirmed swing or just an outside bar. {image}
There is no confirmed swing low on your chart plus our focus on swings is on the BOSS chart not the Worker.
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,535
  • Jul 29, 2014 9:28am Jul 29, 2014 9:28am
Quoting strat
{quote} There is no confirmed swing low on your chart plus our focus on swings is on the BOSS chart not the Worker.
ok got that ,yes i know we look for a swing on the boss not the worker just want to understand the swings concert well, may be i should have use a boss chart instead thank very much
All market movement are as a result of supply and demand
  • #19,536
  • Jul 29, 2014 10:19am Jul 29, 2014 10:19am
EURUSD

And now the BIG BOSS comes into play!

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.PNG Size: 51 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,537
  • Jul 29, 2014 10:36am Jul 29, 2014 10:36am
Quoting strat
EURUSD And now the BIG BOSS comes into play! {image}

Hi Strat,

Which EMAs are you using to form the "Shadow"? I thought it was 20 and 75 but EUR/USD MN shadow looks different on my chart.

NZD/USD

Would this be considered valid for a short position.
Attached Image (click to enlarge)
Click to Enlarge Name: 29th July 14 NZD:USD D1 Chart.png Size: 135 KB
  • #19,538
  • Jul 29, 2014 10:47am Jul 29, 2014 10:47am
GBPUSD

""IF"" PRICE closes below RN 1.69 it could end up being more than a correction to the current UP trend

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.PNG Size: 51 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,539
  • Jul 29, 2014 11:07am Jul 29, 2014 11:07am
NZDUSD

Quoting stevepatt
{quote} Hi Strat, Which EMAs are you using to form the "Shadow"? I thought it was 20 and 75 but EUR/USD MN shadow looks different on my chart. NZD/USD Would this be considered valid for a short position. {image}
Yes, but there was more to it than that, Steve. The Boss put in a huge BEEB and at the same time, changed from an UP Primary Trend to a DOWN Primary Trend so all we had to do was find suitable PA on the Worker which was what you identified.

For details on the Strat Shadow, please REGISTER for FREE on www.stratsforextrading.com and then send me a PM. Not a trick to join just that Commercial Members cannot send or receive PMs.

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd BOSS.PNG Size: 58 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #19,540
  • Jul 29, 2014 11:35am Jul 29, 2014 11:35am
Strat / Steve

Nice to see I have got one right, I took the NZ/US short for exactly the PASR Strat explains, and took profits at 8510 as Price approached BRN and 200EMA, for +150 from a 6 day trade with only a 40 pip drawdown.
Getting there, slowly but surely...
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