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Strat's PASR Long Term, Stress Free Trading

  • #9,461
  • Dec 30, 2018 9:59am Dec 30, 2018 9:59am
Quoting fxrabbi
{quote} Definitely, 2019 will bring you good health and better trading..........
Attached Image


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Now we know why you have not been posting on here! So much for loyalty and appreciation!

Another successful PASR trader leaves the family - WHY?

A BAD start to 2019 before it has even begun.

In view of this, I have to re-think my participation, desire, time and energy to teach PASR anymore
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,462
  • Dec 30, 2018 10:55am Dec 30, 2018 10:55am
Quoting strat
{quote} There you are - I thought you had deserted PASR
Hi Strat

All of the best for the New Year...may it be a good one!

No, I have not deserted PASR and have no reason to do so as it is evident that PASR is the way to trade but I have been spending a lot of time sifting through posts on the old thread and practicing the F12 method to look and see the way price interact with the Strat Shadow, especially when price closes beyond the shadow and how it retests the shadow before continuing. My goal is to be an active participant on this thread in the new Year.

Once again, thank you for all your effort and dedication for continuing to share your trading wisdom with us.

Regards
Pete
  • #9,463
  • Dec 30, 2018 11:34am Dec 30, 2018 11:34am
Quoting strat
{quote} {image} {image} Now we know why you have not been posting on here! So much for loyalty and appreciation! Another successful PASR trader leaves the family - WHY? A BAD start to 2019 before it has even begun. In view of this, I have to re-think my participation, desire, time and energy to teach PASR anymore
Strat, don't feel sad. You still have me and others who look up to you. You are a very good teacher with lots of passion and patience to give us the best.

Though I am not a good student as I do not participate much in your thread, but I will definitely read your thread whenever I am free from other family chaos. Your thread is my daily bread.

You should be proud of yourself by producing so many successful PASR traders. This is a great achievement. Whether they choose to stay or not is of their own free will, we can't stop them. Surely is not your fault.

Sorry, I am not good at expressing myself in English as this is not my mother tongue. If I have offended you or anyone, please forgive me.

I wish everyone a very Happy New Year. Let's start with a good 2019 in the Strat family.

Cheer!
Corinna
  • #9,464
  • Dec 30, 2018 2:12pm Dec 30, 2018 2:12pm
Quoting strat
{quote} {image} {image} Now we know why you have not been posting on here! So much for loyalty and appreciation! Another successful PASR trader leaves the family - WHY? A BAD start to 2019 before it has even begun. In view of this, I have to re-think my participation, desire, time and energy to teach PASR anymore
Continue to teach us Strat, I wish you a happy new year!
Frank
  • #9,465
  • Dec 30, 2018 2:39pm Dec 30, 2018 2:39pm
Quoting strat
{quote} I have to re-think my participation, desire, time and energy to teach PASR anymore

Please... that is a REAL BAD START of 2019... Me and im sure in there are more students that we only focus in here... And we need our Teacher who punish us, push us for be a better trader day by day....

Obviously in there exist people with high ego traders that maybe they only are demo traders and thats it... only saying lies and stuff like that.

Talking for myself... Im trading with a LIVE ACCOUNT doing PASR System and still learning from you and from the comments of my classmates.

I really want to ask you again (im sure few months ago i ask you..) about if you are interest in do again a private forum.. Where you can check and verify who is trading with live account, doing PASR with the History of the trades and all that things... That the students can proof how much desire and determinate they have for can be a long term profitable traders...


I have been betrayed (i think you feel like that..) in all my life because i trust too much in the people... but im just i have been more cautios with my things but still the same person...

Anyway i hope you can still helping us but obviously the last word you got it.. You are spending ur time for us in a free way (without any price..) and i appreciate all the time that u got to me.

Wish you the best wishes and a happy new year.

P.D. If you like to make a private forum again.. please i hope you can remember me. Take Care!
  • #9,466
  • Dec 30, 2018 3:10pm Dec 30, 2018 3:10pm
Quoting strat
{quote} {image} {image} Now we know why you have not been posting on here! So much for loyalty and appreciation! Another successful PASR trader leaves the family - WHY? A BAD start to 2019 before it has even begun. In view of this, I have to re-think my participation, desire, time and energy to teach PASR anymore
Strat, I guess I understand how you feel and what you are thinking. Others left also the old thread.
So I hope the willing students don‘t have to suffer. I would be keen to understand why Yomi „left“, too.
I hope that you continue in the next year. Looking forwards to learning more in 2019.
I wish you and the other students a happy new year. See you in 2019!
  • #9,467
  • Edited 4:52pm Dec 30, 2018 4:36pm | Edited 4:52pm
Quoting strat
{quote} Thank you, Nathan. Microsoft did a critical update on Friday December 21, 2018 which crashed my computer. Several "computer restore" attempts dating back to June could not get it out of "safe mode" and our 6 years old grandson was too far away to help so I had no choice but to take it to the computer techs. They told me that Microsoft critical update was asking for validation ID keys, which my Windows 7 Ultimate does not have so it shut it down. The techs say it is a ploy by Microsoft to sell updated Windows. The techs bypassed it and I...
Good to see you back strat, hope you've had an enjoyable Christmas and new year. That goes for everyone else too.
This might be jumping the gun a little but I don't think much is going to change today. Doing my end of year review and thought I'd put it up warts and all.

2018 year in review


In broad strokes, I have gone from not knowing what I was doing (put myself at stage 2!) to a point where I have made money but

I'm still very cautious of having made some pretty big stuff ups. So maybe I've got to stage 3, with having pretty much hit every
part on the journey over the year.
Anyway, broken down by quarters:

Q1: Having found this thread in late 2017 I committed to trading real money at the smallest lot size I could. Ended the

quarter down, but started to get the right idea. Took plenty of trades that I shouldn't have and started to work out candle
recognition.

Q2: This is where the struggle with greed started to rear it's ugly head. Moved to trading $50 a trade, sized accordingly. Of

course once I was up a couple of hundred bucks in comes greed. "It's a couple of hundred, all profit, not your money anyway, chuck
it on a trade and you'll soon be up a couple of thousand." I could swear my old mate greed comes from the underpants gnome school
of thought.
As you can see from the graph, lots of ups and downs, but by mid year I thought I had things in some sort of order so I
funded my account to the tune of $5000. The idea being to start risking by %, rather than a fixed dollar amount and treat it
seriously.

Q3: Going into Q3, I decided I would risk 5% of my newly funded account. That was a mistake (hello greed!). Very quickly I was

down substantially. At the time I wasn't in the right headspace to trade but did anyway, even mentioning it in the thread.
Fortunately I pulled it together before I hit the point where I said I would walk away if I'd lost that much.
There's a couple of things worth mentioning here, GREED getting the better of me being one, have your head on right being
the other. I also made a pretty big mistake calculating my position size which fortunately took me back to profit (where I prompted
had greed pay another visit. "It's all profit! Risk it all, make millions!").
Regardless, I see this as the most significant of the year as there was a little of everything that I dealt with, and I
still ended up with a profit for the quarter.

Q4: The final one for the year, ending in profit. A small drawdown from the peak then up to new highs. The main thing I

noticed is if you take out a few goes at 5 minute trading, it was a handful of trades a month. I think this quarter shows I'm
starting to pull things together and stopped making the same stupid mistakes. If I can keep this up I might actually make it!
The year 2018: A year and a little bit I am comfortable with my progress. Strat have taken a numpty who was losing money and
turned me around, I'm not where I want to be yet but trading for a living is something on the distant horizon that is attainable
if I keep plodding towards it. For me the basics have come together and I know what I need to work on.

The big ones I am cognizant of are:
- Recognizing when to exit. Currently been targeting the next major weekly support or resistance, and my attempts to recognize
price telling me to exit have got there yet.

-Scaling up in lot size. As shown by mid year, I'm still emotionally attached to the amount rather than thinking percentages and
risk. Finding it hard to let go of losing XXX amount. On the other hand I'm not emotional about the gains, I'm tending to be more
a "well, that's nice" and go back to what I've been doing than getting a emotional high from it.

There's probably some things I've missed so if anyone has questions please feel free to ask!

EDIT: I still can't spell. Some formatting, added my pictures.
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  • #9,468
  • Dec 31, 2018 12:03am Dec 31, 2018 12:03am
Quoting Plateaus
{quote} Thank you very much for your reply Huatzhi! Thanks for sharing it in a very clear step by step process it really helped to understand your points! I think we saw similar levels on 1.95 and 1.889 as well as the 1.863. You adjusted the higher resistance to 2.045. Just to be clear, in this case, the BEOB on the daily is preferable to the close of the weekly (which shows resistance but no PA setup and is inside WCC), at 2,035? Might I also ask you about your routine on assigning the SR lines? You have around 1 or 2 lines above and below where...
Just to be clear, in this case, the BEOB on the daily is preferable to the close of the weekly (which shows resistance but no PA setup and is inside WCC), at 2,035?

Personally, I do not really pay much attention to "WCC" until at least one candle closed inside it. I do not understand the application of WCC that well, which it is mostly just a sign for me to stay out (unless the WCC is huge). So when last closed candle is not inside another WCC, I'll read the chart as there is no WCC around for the moment. So your question kind of confused me quite a bit there as I thought you are talking about current price.

Anyway, preferably, I will use what I had drawn on monthly to analyse on monthly's broad view. Same for weekly, if possible, I will analyse it after I finish adjusting for weekly, not after I have drawn daily SR. SR on worker is just a noise on big boss for me. (This is just my opinion, I don't recall I see anybody talking about it in old thread, may be I just missed it.)

So depend on which chart you are looking at, the price you will be looking at could be slightly different. I will use the close at 2.035 on B chart for analysis, and 2.044 on W chart (where the TF I will use for trading and setting my TP).

Might I also ask you about your routine on assigning the SR lines? You have around 1 or 2 lines above and below where price is now, and then when the price moves up for example, you delete the ones below and create new SR lines above where price is at? Or, do you draw your lines every day/week/month?

For me, I don't have strict rule for it, I redraw whenever I see fit. Like the one on GBPNZD that I had drawn, that probably will stay for quite a couple days. I'll definitely redraw all my SR when it exit the immediate weekly SR that I have drawn. On weekend, I generally will have my weekly analysis (for behavior consistency, which is my trading goal on 2019), which I will redraw (or at least remove some line that I feel confused me on higher TF) my SR to analyse higher TF.
  • #9,469
  • Dec 31, 2018 12:26am Dec 31, 2018 12:26am
Quoting strat
{quote} {image} {image} Now we know why you have not been posting on here! So much for loyalty and appreciation! Another successful PASR trader leaves the family - WHY? A BAD start to 2019 before it has even begun. In view of this, I have to re-think my participation, desire, time and energy to teach PASR anymore
May be you need to take a break from forum. It could be tiring.

Maybe just keep communicate with a couple students (like Rub, HT, Malu) through e-mail,
and come back when you decide to deal with open forum shinanigans again.
We will probably still be around.

Just, take care.
  • #9,470
  • Dec 31, 2018 12:31am Dec 31, 2018 12:31am
Hi guys,

I was wondering if it would be advisable for me to close my trade partially (like 1/3 of that amount) whenever my trade hits the TP.

Thank you.

Best regards,
Wayne.
  • #9,471
  • Dec 31, 2018 12:51am Dec 31, 2018 12:51am
Quoting WayneJay
Hi guys, I was wondering if it would be advisable for me to close my trade partially (like 1/3 of that amount) whenever my trade hits the TP. Thank you. Best regards, Wayne.
You have to test whether it work for you. It worked for some people while it doesn't work for the other.
For BASIC PASR, just entry on SR and exit on the immediate SR.
  • #9,472
  • Edited 6:33am Dec 31, 2018 1:24am | Edited 6:33am
Quoting huatzhi
{quote} May be you need to take a break from forum. It could be tiring. Maybe just keep communicate with a couple students (like Rub, HT, Malu) through e-mail, and come back when you decide to deal with open forum shinanigans again. We will probably still be around. Just, take care.
Good point. I do understand Strat. He invested a lot here and in the end most trader (who become profitable using this system?) disappear. Just take the names of the old thread. Who of them is still around to help the new traders?
So human beings are selfish sometimes.
But of course I hope that Strat doesn’t leaves us alone here.
For me (as I wrote weeks before) the path is the only way. Either I make it or I quit!
As per now I feel that I was doing big steps (progress) in 2018.
  • #9,473
  • Dec 31, 2018 2:37am Dec 31, 2018 2:37am
Quoting WayneJay
Hi guys, I was wondering if it would be advisable for me to close my trade partially (like 1/3 of that amount) whenever my trade hits the TP. Thank you. Best regards, Wayne.
I was thinking and doing that in the past...

After i trade for a while and taking notes about the trade, my emotions, my psychology...

I start trading without partial profits and taking notes...

At the end, i feel more comfortable doing just one entry with the SL where it has to be in worker chart (or checking H4 for a better SL ) and TP very far away.. (R&S of weekly)

The set up appears, for example short.

I entry short with SL above of resistance swing D1 or H4 (all depends) with TP of a Weekly Support.

Now partials vs full take profits.

When the trade start going positive, most of times... the price do pullbacks before arrive to weekly support. Then i can add on... and continue going to my take profitzone... my stoploss nowbhas been going down to the last resistance swing.

Then before it arrives to my TP Zone, the price make othee pullback but now i didnt see any PASR SETUP just ugly candles going down again i didnt entry again but now my SL is now behind lf it... then the price reverse and my SL hits before arriving my taking zone.

(With that.. im trading with the trend and im out if my SL hits or TP if the price arrive to a BB B support).


PARTIALS:

Closing partial profits.. u are closing it because u have a reason..

Maybe 1) u are arriving to a worker (or a lower weak support)
2) you are watching a weak PASR against you
3) Because u have a set of rules of MM closing after a certain R&R..

Or i dont know but obviously you have a reason...

When i was doing that i was closing.. and when the pullback arrives for the re entry.. with how much contracts are u going to in? With the normal plus adding the partial trade? Are u going to entry with current contracts?

In my mind arrives to many questions, for only to watch when i just smalls one hits to, and when i incrase the partial trades.. just to see (psychology) the avarage price now is higher.. my drawdown is bigger.. etc.. etc.. etc...

For me... works.. just you got a set up? Entry... where is your Take profit zone?? Leave the trade open.. and when you feel that is enough that u want to close ur trade... just close it but take notes of everything... (most of time i feel that Partial Profits was feeding my greed.. and i just leave it.. and now is working better)

In a few words...

if i dont feel comfortable with my trade i just close it.. and wait for the next set up and thats it.

If i dont feel comfortable with my trade but swing boss is not showing any reversal signal, i start moving my SL in one lower timeframe before of my worker.

BUT if my plan says my TP is a Support Weekly and everything is showing good.. im just following my trade plan (with that not reason to dont feel comfortable), and ready for the re entry.. and if not if that pullback was a reversal and hit my SL or Breakeven.. i dont care. NEXT.

Always is going to exist another trade and is better to have a clean and fresh mind for the next trade.


(Almost i delete this because i just imagine all the scenario in my mind and i dont know if anyone was going to understand me... but i re read it again and i think it is good.)
  • #9,474
  • Edited 1:07pm Dec 31, 2018 8:01am | Edited 1:07pm
Quoting strat
{quote} {image} {image} Now we know why you have not been posting on here! So much for loyalty and appreciation! Another successful PASR trader leaves the family - WHY? A BAD start to 2019 before it has even begun. In view of this, I have to re-think my participation, desire, time and energy to teach PASR anymore

GBPCAD M15 PASR Trend Trading:



I'm very shocked to see this and other comments....................

You are too quick to jump into conclusion here...........My last trade was posted here.............There after I did say that I'm going on holiday to be back on the 07/01/2019 by His grace.

The attached trade will be my first trade since then..........So what gave you the impression that I'm leaving you and our beautiful PASR Trend Trading...........


Being a Senior/High Impact Member of this great forum (FF)........Don't you think I own it a duty to comment on something that catch my interest and which I have considerable knowledge about here in FF.


Furthermore, you have a better means of communicating with me..........why don't you use that medium, instead of this..........I think I deserve some respect here.
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Time always comes before price
  • #9,475
  • Edited 9:54am Dec 31, 2018 9:08am | Edited 9:54am
Quoting strat
{quote} ... A BAD start to 2019 before it has even begun. In view of this, I have to re-think my participation, desire, time and energy to teach PASR anymore
Hi strat and all,

Just logged in to post my Greetings to all of you for 2019.. instead came across this.

anyhow ..When I started my PASR apprenticeship with you I had some doubts. Doubts like.. "will I get at least 3 years to learn with you?" or " is it possible this dream come to an end abruptly?" . Because most of the nice dreams came to an end prematurely in my life. I do not know what will happen in future. what ever it happens..it happens.

And I am very grateful for your teaching in this and old thread. You already gave so much. I grasped only a little of your teachings here. still so far to go. Thanks a lot.

However, in case you mulling to call it a day (hope not in million times)...I just have to ask this from you..WHAT WILL HAPPEN TO US (Me and others like me)

come on guys..its party time...Have good time you ALL And love you all

rgds
Suranga


P.S. @Yomi...I know you are hurt. But don't you think its better to calm down a lil bit?
Focus, Patience, Discipline, Determination and Perseverance
  • #9,476
  • Dec 31, 2018 10:12am Dec 31, 2018 10:12am
What will 2019 Bring for us PASR Traders...?

Thanks to Strat, PASR will show the way!!

Happy New year All!!

Regards
Pete
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  • #9,477
  • Dec 31, 2018 11:03am Dec 31, 2018 11:03am
GBPNZD M5 Basic PASR Trading

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,478
  • Dec 31, 2018 2:27pm Dec 31, 2018 2:27pm
Happy New Year

Happy New Year to all and make 2019 THE year when you will finally become consistently profitable
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,479
  • Dec 31, 2018 2:47pm Dec 31, 2018 2:47pm
Quoting strat
Happy New Year Happy New Year to all and make 2019 THE year when you will finally become consistently profitable
AMEN...

The best wishes to you too... With more abundance and health. Big Hug my friend.
  • #9,480
  • Dec 31, 2018 2:51pm Dec 31, 2018 2:51pm
Quoting strat
Happy New Year Happy New Year to all and make 2019 THE year when you will finally become consistently profitable
Happy New year to you too and yours sir
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