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MY PASR journey Based on Strat's PASR Trading 76 replies

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Attachments: Strat's PASR Long Term, Stress Free Trading
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Strat's PASR Long Term, Stress Free Trading

Quoting Mhons
{quote} Hope it helps {image} MH
Thank you so much Mhons. That was a really good question for me to think.

WTJ
GU M5

Aaaannddd out..!

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Private Msgs are turned off to weirdos, loafs and brain drainers
Quoting TerryDawe
{quote} I am having a difficult time setting my strat shadow as I had it on my other MT4. I know BTS sent me the information but I really cannot set it up as you guys have it or as I did before my MT4 crashed and I had to reload it. I know it's annoying but if anyone can help it would be greatly appreciated. This is what I have now and the second is what I used to have. Regards Terry {image} {image}
Hi Terry

This is what I have. Set the lines to the correct thickness:

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Private Msgs are turned off to weirdos, loafs and brain drainers
Terry, that's how your old indicator worked as well. You just have to change the width of the lines so it covers more space. You can see it happen in my images below as I zoom in.

Thanks BTS and Mhons for such explanatory posts recently. Thanks Rub for the questions.

Someone said lately that I should get my feet wet, and so I decided to trade on a demo every now and then to get a feel of PASR. This is what I attempted given my current understanding of it. Probably entered for the wrong reasons, but I'll write them anyway and you can comment if you'd like.
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  • #12,905
  • Quote
  • Edited 6:00pm Mar 10, 2020 5:42pm | Edited 6:00pm
This is what I see this morning my time. See the carts for the why I would/would not take the trades. All of these I would regard as ATM trades as I see them as overall counter to the boss and big boss.

I'd usually not be posting until much closer to London open, but I've taken some time off work.

EDIT: Forgot to say, I have most of the yen pairs sitting just under resistance, so will not be taking longs.
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Quoting Udkox
Terry, that's how your old indicator worked as well. You just have to change the width of the lines so it covers more space. You can see it happen in my images below as I zoom in. Thanks BTS and Mhons for such explanatory posts recently. Thanks Rub for the questions. Someone said lately that I should get my feet wet, and so I decided to trade on a demo every now and then to get a feel of PASR. This is what I attempted given my current understanding of it. Probably entered for the wrong reasons, but I'll write them anyway and you can comment if you'd...

Mate, the fact that you have a 50 ema proves you have not read the thread. Read the thread
Quoting pippoacher
{quote} Mate, the fact that you have a 50 ema proves you have not read the thread. Read the thread
Hi pippoacher.

There seem be to discrepancies between stratsforextrading.com and the old thread. As far as I know, stratsforextrading.com used to be private, so I went with that.

Quoting ttps://web.archive.org/web/20120603032526/http://stratsforextrading.com/dokuwiki/doku.php?id=path_of_learning:method_summary
I use a Daily candle chart with a red 20ema, a blue 50ema, a dotted red 100ema, and a dotted Blue 250ema and a Volume indicator in a lower window
Quoting https://web.archive.org/web/20120603030758/http://stratsforextrading.com/dokuwiki/doku.php?id=path_of_learning:the_power_of_the_20
For consistency all charts posted on this website will display the 20 EMA in RED and the 50 EMA in BLUE


Based on your comment, I'll assume the 50SMA is prefered and use that instead.

Thanks.
Quoting Udkox
{quote} Hi pippoacher. There seem be to discrepancies between stratsforextrading.com and the old thread. As far as I know, stratsforextrading.com used to be private, so I went with that. {quote} {quote}[/color] Based on your comment, I'll assume the 50SMA is prefered and use that instead. Thanks.
Keep reading.
There is nothing more you can find in website or private forum(that is not working anyway). Just contiune reading both threads. You will find answers.

We do not use 50 SMA anymore because STRAT found out that PRICE and market do not react it as before so he changed it

MH
Quoting Udkox
{quote} Hi pippoacher. There seem be to discrepancies between stratsforextrading.com and the old thread. As far as I know, stratsforextrading.com used to be private, so I went with that. {quote} {quote}[/color] Based on your comment, I'll assume the 50SMA is prefered and use that instead. Thanks.

The 50 ema was changed and updated, read the whole thread. You are trying to fly a plane in the dark
Quoting pippoacher
{quote} The 50 ema was changed and updated, read the whole thread. You are trying to fly a plane in the dark
Quoting Mhons
We do not use 50 SMA anymore because STRAT found out that PRICE and market do not react it as before so he changed it
Thanks for the heads-up. I'll keep using it untill I get to the posts where Strat explains his new prefered method. Hopefully I'll notice the difference and see the value of changing it.
Quoting Mhons
{quote} Keep reading. There is nothing more you can find in website or private forum(that is not working anyway). Just contiune reading both threads. You will find answers. We do not use 50 SMA anymore because STRAT found out that PRICE and market do not react it as before so he changed it MH
Strat had it changed on a regular basis by a programmer. But how that was done, was not revealed. For good reasons probably ... but for now things seem to work as they have for the last 20 years.
Fix up, trade sharp ...
Quoting Hickson
{quote} Strat had it changed on a regular basis by a programmer. But how that was done, was not revealed. For good reasons probably ... but for now things seem to work as they have for the last 20 years.
Appreciate the input Hickason. I do recall reading something about that. I guess a possible approach could be to write a script that checks how many candles close / reverse near the MA and calculate a score to that MA. Then do it again with other periods and use the one with the better score.

Anyhow, I think there's lots of value on using not-that-eficient tools. I see it like learning to play guitar with a cheap one, then switching to a good one. The diferences are way more noticeable, which in my opinion contributes massively to the learning curve, instead of starting with all the good stuff straight
GU 15 min

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Nice little nibble.
Private Msgs are turned off to weirdos, loafs and brain drainers
Quoting BeyondTheSea
GU 15 min {image} Nice little nibble.
ϴve jsut wanted to post if you get this BTS

so many pips on your favourite pair today )

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Quoting Mhons
{quote} ϴve jsut wanted to post if you get this BTS so many pips on your favourite pair today ) {image}
Brilliant! 1.2720 was the next "bust or bounce level" I started trailing when we got to the 1.2750 level but had a notion it would drop.

I don't mind leaving trades on the table anymore, once I can get my 2nd or 3rd position in safe I'm a happy little chappie

Boris is going to announce our next Corona Virus plan any minute/hour so stand by if you are on any GBP pairs now.

I'm going for a walk in the sun, first time I've seen it in ages!
Private Msgs are turned off to weirdos, loafs and brain drainers
Hello my fellow traders these are my last trades on gold.

Confirmed swing high on daily-down trend. I took 2 trades both off the Strat Shadow. Both on 1hr. Both trades were winners with 2:1 RR each. My initial target was at the support /black like/. But i moved my stop loss near to lower level and closed it earlier. Price then reached my initial target. I had no problem with it. After the nigh drop i decided that i want to take some profit if market reverses. That's why i did not wait for my target to be reached + i had 2 positions with total profit 4:1 RR. Pretty good for 1 day of trading. I usually trade 1hr and 4hr worker. Little red arrows shows my exact entries. Comments are welcome!
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You attract what you think in any area of life, relationships and trading!
Follow up on the GBPCAD trade I was taking my last post. It hesitated the first day then went to my target last night.
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Quoting Eushev24
Hello my fellow traders these are my last trades on gold. Confirmed swing high on daily-down trend. I took 2 trades both off the Strat Shadow. Both on 1hr. Both trades were winners with 2:1 RR each. My initial target was at the support /black like/. But i moved my stop loss near to lower level and closed it earlier. Price then reached my initial target. I had no problem with it. After the nigh drop i decided that i want to take some profit if market reverses. That's why i did not wait for my target to be reached + i had 2 positions with total profit...
I don't see the why you entered on the two candles marked with arrows. I've placed black dots above the candles I would consider a signal to enter, although there's not really much difference between the second and third ones I've marked.
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Quoting Rub
{quote} I don't see the why you entered on the two candles marked with arrows. I've placed black dots above the candles I would consider a signal to enter, although there's not really much difference between the second and third ones I've marked. {image}
Hey Rub! Thank for noticing. Actually my entries are big red arrows. Maybe little arrows are for something else not sure. I dont know. Actually tradingview does not give you an option for two separate trades and it does merge them into one. My first sell is at 1649.00$ and my second 1636$. My trade history said that my average sell price is 1642$ so i think that these little arrows show that. I am using tradingview only for analysis. Picture bellow shows my entries. So i guess my trades were right. I started trading again and i have a problem with watching the markets while i am on work. I use tradingview for analysis and i set my orders in mt4 too. I open the trades on both programs so it is easier for me to menage them. I am planning to go to trading view. But this is a little confusing for me..i mean the way trades. It averages the buy/sell price. Not sure if that is the best thing to do.
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You attract what you think in any area of life, relationships and trading!
Quoting Rub
Follow up on the GBPCAD trade I was taking my last post. It hesitated the first day then went to my target last night. {image}
Get the beers in
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