This set of documents is intended to be a reference during your education of Strat PASR methods. Here you will learn to trade Forex using PASR ( Price Action Support and Resistance ). These methods are not new or unique and we make no claims to inventing Price Action analysis as many others may,which is why the basic methods are posted here for all to see.
Free Download link: At the end of the post
Introduction
PASR is reasonably simple to learn, with only a few high probability set-ups to consider. The hard part is actually putting this knowledge into practice and becoming profitable in its application. This entire website is centred around applying Forex Price Action techniques in a controlled and disciplined manner in order to become a profitable trader. Sounds simple ? – think again.
This documentation must be read in its entirety before posting on the forum where all members are supported by mentors and each other while progressing as Forex traders..
Strat our head trainer is very perceptive and will know straight away if some one is posting on the forum without reading this complete document set. Both this and forum participation / contribution is required of all members as they provide a very valuable resource and experiencing our journey will only enrich yours.
So enjoy the forum while utilizing this Forex training documentation to reference and re-reference points and examples made in the forum, and remember LESS IS MORE…
Table of Contents
Strat’s Forex Trading Education4
Path Of Learning .5
Core System – Overview.6
Strat’s Mantra 8
What is PASR 9
Price Action Basics.11
Price action makes a traders life easier12
The best alternative is trading price action .12
Shooting Stars 13
Rules 13
Signal Strengtheners13
General Analysis 13
Hammers14
Rules 14
Signal Strengtheners14
General Analysis 14
Bullish and Bearish Outside Bars ( BEOB/BUOB)15
Bullish and Bearish Engulfing Bars ( BEEB/BUEB) 16
Power of Time Frames17
Time Frames 19
Same Currency Different Timescale.20
Time Frame Selection.21
The Importance of Support and Resistance.23
Graphs, Charts and Indicators23
Support and Resistance .23
The Technique23
Importance24
Drawing Support and Resistance Lines25
The Big Boss25
The Boss 26
Grading.28
The Final View30
Round Numbers 31
Why The Interest In Round Numbers? .31
The Round Number Effect31
Round Numbers In Forex .31
The First Bounce Is The Best .32
The Power of the 20 EMA and 50 EMA in Forex Trading.33
Trends35
MA show the Forex Way.35
Dr Joe and Trends37
Trend within a trend within a trend within a trend within .41
Which Trend .43
Trend Indicator .46
Confirmed Swings.48
Forex Money Management Essentials ..50
Get Rich Quick – it will NOT happen to you. .50
Trading Psychology – the Basics.51
What is trading psychology?.51
How does trading psychology affect your trading? .51
How to beat your emotions.51
Fear and Greed 52
Greed52
Fear 52
How Emotions Manifest on Charts .52
Learning to Control Your Own Emotions 53
Forex Trading Plan54
Forex Trading Plan Elements.55
Method Summary, Points To Ponder and One Hit Wonders.57
Average True Range Target ( ATR 5 ) .69