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Strat's PASR Long Term, Stress Free Trading

  • #1,881
  • Feb 2, 2018 5:39am Feb 2, 2018 5:39am
Now, Lookey, Lookey, Lookey:


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six hours to go - I'll certainly be taking another look tomorrow morning (kiwi time) to see how the week ends.

(no point in pulling up the BB - this thing has been one way traffic for the last decade - no resistance levels to identify.
  • #1,882
  • Feb 2, 2018 6:05am Feb 2, 2018 6:05am
Quoting trogger
{quote} Sooo....? {image} Anyone want to comment...? What would (could? should??) I do now..? Anyone? Do check the bigger picture first! (But ignore the "periscope" - not real, artifact of broker feed). Boss: {image} Big Boss: {image} PS The "almost forget" limit sell missed entry by 10 pips.
Hi Trogger

Thanks for posting, I'm not in this position but to answer your question my short take profit position on this would be at .7324. Had I missed the entry I would used a lower TF to enter if my criteria for the longer trade still held. However....

Worker

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Here's the interesting bit, am I then trading a different strategy and trying to make it fit the Worker, Boss, and Big Boss (because I missed the worker entry?)

Also (and this is personal to me) had I entered that trade using the short term criteria above I have now created a personal dilemma because am I now thinking this trade may have the potential for the Big Boss PASR levels...

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So if I missed the Worker entry (which I have because I'm not trading the higher time frames) my plan would be NO ENTRY and watch the trade for education and discipline.

I think proficiency in trading all time frames in the context of the BIGGER plan is where I want to get to but takes years of experience in PASR that you and Strat have.

Plan the trade and trade the plan..
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #1,883
  • Feb 2, 2018 6:55am Feb 2, 2018 6:55am
Quote
This is GOOD and BAD!

The GOOD part is that you are using a small lot size - hopefully on a LIVE ACCOUNT or, at least, paper trading but NOT on a demo account. Make sure it is the SMALLEST size your broker has and do not commit to more than 1% of your account on your TOTAL trades UNTIL you KNOW what you are doing.

The other GOOD part is that you recognise you can accelerate your training, learning and understanding by using a shorter time frame where everything happens MORE and FASTER. There are 288 M5 candles in ONE daily candle...

Yes, I think that trading with real money is very different compared to trading with fake money because you are obliged to control the continuous temptation to cut profits short and let the losses run.

Quote
This is a perfect example of a SHORT CUT of not READING, LEARNING and UNDERSTANDING!

My consistently profitable M5 strategy DOES NOT wait for the alignment of all 3 time frames!!!!!!!!!!! You need to READ, LEARN and UNDERSTAND my M5 strategy ""if"" you are going to trade the New York session. Since you are in Italy (can you be my next "pizza man"?), you should be able to also trade the London session.
You're right, I think I was lucky, I'll study the whole old thread but I'll continue to practice because theory without practice is nothing and I'm sure I'll be wrong another million times.
Your post on my mistakes in taking the trade with USDJPY pushed me to do better and made me understand where I was wrong in my reasoning. Thank you. Really.

Quote
Now, just because you made a few measly pips on this trade, you are probably thinking you have "cracked the code" and it's time to LOAD UP on position sizing. Do this and you will end up like that other guy that tried to walk on water!
This made me laugh because unconsciously it is exactly what I thought

Quote
Again, I have spent a lot of time on you because I think you ARE sincere and will commit to READING, LEARNING and UNDERSTANDING PASR in your quest to be a consistently profitable trader. If I am wrong, I have just wasted my time
Thank you for your time, it will not be wasted
  • #1,884
  • Feb 2, 2018 8:59am Feb 2, 2018 8:59am
hellow s start

today uj hit targert gn manual close en hit targert..
i am very happy with you this's thread awesome trading strategy
i am start small 200$ account yestarday demo 2days my account gain 16.6%
i will try it's convert 1000$.Really clarity this's trading style dont's know me yet..
it's learn with you future...sametime to wrong that's very sorry

thank you
fx1990
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  • #1,885
  • Feb 2, 2018 9:35am Feb 2, 2018 9:35am
+40 pips on short term H1 long yesterday
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  • #1,886
  • Feb 2, 2018 10:17am Feb 2, 2018 10:17am
i will need to answer how is find Shadow break time real entry take which point?
hopefully great answer

thank you
fx1990
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  • #1,887
  • Edited Feb 3, 2018 10:49am Feb 2, 2018 11:39am | Edited Feb 3, 2018 10:49am
GBPJPY

Quoting brody55
{quote} Hi Strat, that chart was the only trade i've taken this week, i didn't post it for fear of sounding like a hindsight trader, i don't know how to track a trade like some posters..also in between studying the old thread, keeping up to date on this thread and watching the charts, i've realised i will probably have to cut down on the number of open charts.. I traded this long, on the strength of the daily depth charge, was that the term? Big boss was up, Boss was up but printed a bond shooting star, that didn't look strong enough to stop the...
"i don't know how to track a trade like some posters"

Hopefully some kind soul on here will explain it to you

EDIT 23 HOURS LATER

brody helps other traders BUT nobody helps brody!

So much for TRADERS HELPING TRADERS!!!!!!!!!! You lot should be ASHAMED! If ""I"" had your attitude, ""I"" and this thread would not be here!

Here you go brody - screw everyone else!

Inserted Video



" i've realised i will probably have to cut down on the number of open charts."

It all depends what you are doing with those charts. If it is for learning/practice then you can NEVER have enough charts. If it is for trading, then only YOU can decide what YOUR tolerance is.

"daily depth charge, was that the term?"

Depth Gauge

"Fibs..is this the same as trendlines, apply to the close, rather than the wicks..i can't find the answer on the old thread at the moment."

Since the forex markets are dynamic and constantly changing with regard to many things especially volatility, I no longer use the CLOSE for trend lines or fibonacci and instead use the extremes. Sometimes I will use both when I SEE them forming a channel. Other than that, the CLOSE is the most important PRICE level. Be careful with the Italian Ice Cream man! Sometimes he works, many times he doesn't just like Elliott Wave, Patterns and all the other "formations" - they look good in hindsight when they are completed but at the LIVE HARD RIGHT EDGE when they are forming, no-one knows when they will complete and PRICE often goes beyond the patterns' ""rules"" and "ratios". Having said that, there are many that specialise in Harmonic Patterns and Ratios - Nicola went on to do this. There are many posts in the "old" thread on this which helped Nicola. If you want to know more about Harmonics and Ratios, there is a really good guy on this Forum who is a specialist on Ratios & Harmonics - Mr Pip https://www.forexfactory.com/showthr...2253&page=1825

Also regarding the elastic band, is it a question of just analysing each chart or pair, and determining a pip range for each one.

I'm not really sure I understand your question. The "elastic band" refers to "balance" and "equilibrium" where, mainly because of the action of the Big Boys, PRICE has a tendency to return to the 20 ema. You must ALWAYS anayse each pair on their OWN individual merits and conditions since each pair has its OWN individual characteristics AND trading audience. The pip range is determined by ATR(10)

Keep practicing AND posting - you are progressing well
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,888
  • Feb 2, 2018 11:49am Feb 2, 2018 11:49am
PASR

Quoting sseti
{quote} Well, it is so easy to interpret when you are explaining it - it all has sense. But when I look at my chart, I would draw to much S/R More than I read, more I am realised, that this would be a long road. So much information at once :-), but as time pass every here and there light are come on.. One at the time, and so on.... Regards
Learning anything new is overwhelming, none so than something where you have to put your hard earned money AT RISK.

The best way to learn is to post charts with YOUR understanding of what you have learned, be it support and resistance levels, candlesticks, analysis or whatever - only THEN can we HELP and GUIDE you.

Since I ""SEE"" you on here almost daily, I assume you are OVER your fascination with indicators and all automatic trading junk. The transition from watching squiggly lines to just looking at a chart devoid of them is HUGE. Take your time on The Path and learn one step at a time. There is NO RUSH to get anywhere, Forex and trading financial instruments will be here long after we are ALL gone.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,889
  • Feb 2, 2018 12:06pm Feb 2, 2018 12:06pm
GBPJPY

Quoting darko2010
{quote} I wish I was less stupid. This is what I should have done {image}
""I wish I was less stupid""

That's what you get for following indicators and indicator threads. Your magic indicator is signalling a buy one candle and 175 pips late

I could tell you lots more about this but I no longer have the patience and time to waste on indicator junkies

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15 YEARS OF PASR ON FOREX FACTORY!
  • #1,890
  • Feb 2, 2018 12:11pm Feb 2, 2018 12:11pm
PASR

Quoting fx1990
i will need to answer how is find Shadow break time real entry take which point? hopefully great answer thank you fx1990 {image} {image}
Here is your "great answer"

THERE ARE NO SHORTCUTS TO LEARNING HOW TO TRADE - ESPECIALLY PASR

READ, LEARN and UNDERSTAND https://www.forexfactory.com/showthread.php?t=155459

READ, LEARN and UNDERSTAND https://www.forexfactory.com/showthread.php?t=708441

When YOU have done ALL that, YOU will have your OWN "great answer"
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,891
  • Feb 2, 2018 12:19pm Feb 2, 2018 12:19pm
GBPJPY

Quoting Frank0
I'll take a chance on the way I see it. Frank https://www.forexfactory.com/attachm...1&d=1517539094https://www.forexfactory.com/attachm...1&d=1517539125https://www.forexfactory.com/attachm...1&d=1517539111 {image} {image} {image}
Not bad for an indicator junkie

I have marked the PASR signal candle in blue

As with your indicator junkie colleague, I could tell you lots more about this but I no longer have the patience and time to waste on indicator junkies

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15 YEARS OF PASR ON FOREX FACTORY!
  • #1,892
  • Feb 2, 2018 12:29pm Feb 2, 2018 12:29pm
PASR

Quoting evandrorp14
{quote} Thank you, Mr. Strat. I identified myself a lot with the post. I have READ this Thread for 3 months, and I got the last post a few days ago. STARTING the previous Thread reading. I realize that I need to LEARN and UNDERSTAND and not just READ. The proof of this was GBPJPY Congratulations on what you've been doing here for all this time. I feel privileged to learn here. Evandro
From my vacations in Portugal - Ola, Obrigado!

No need for "Mr" - just plain old "Strat" is fine

I have SEEN you on here almost everyday and have been having an argument with myself as to ""will he finally get over his indicator and automatic trading hallucinations and SEE the PASR light" or "will he GIVE IN and go back to squiggly lines and account destroying robots"?

If you are COMMITTED and DEDICATED to PASR then we are here to HELP you
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,893
  • Feb 2, 2018 1:37pm Feb 2, 2018 1:37pm
GBPJPY

Quoting Rub
{quote} Honestly I saw the hammer a couple of days ago, and rejected it as a trade because I didn't see a good place to take profit. Taking it at last reversal would've netted slightly less than 1:1 for my chart, if I stuck to the point I'm up to in the old thread (take profit at first resistance). I've been thinking I should post a who, what, where I am in trading, and origin of the username like people did in the old thread. Keep finding I don't even know what to post, questions to ask or anything. EDIT: Trogger, what I see as the options are...
Honestly I saw the hammer a couple of days ago, and rejected it as a trade because I didn't see a good place to take profit.

As explained in the posts above, the HAMMER is the signal to enter long BUT the problem on the Worker is that the RISK is GREATER than the REWARD so when this situation arises, we DROP DOWN to shorter time frames for our entry, either H4 or H1. Which time frame you use is dependent on which time zone you are in.

If your time zone permits, you can drop down to H1 and enter long above the candle shown for a REWARD to risk of 3.6 to 1
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If you are unable to trade H1, drop down to H4 and you can enter long above the candle shown for a REWARD to risk of 1.9 to 1
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If you have the experience, understanding and knowledge of PASR, like Wild Thing (trogger), you could enter long with multiple positions at support on M15 for a REWARD to risk of 8 to 1
Knowing Wild Thing, due to him being upside down in New Zealand, he would have entered long with multiple positions off the 10am (my time) HAMMER as shown with a minimum REWARD to risk of 14.6 to 1
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In all cases, no matter what the time frame we enter on, we MANAGE the trades on the Worker - we don't need to waste the time to manage trades on the entry time frame - we TRADE to LIVE and not LIVE to TRADE - our time away from the one eyed monster is more precious and rewarding than the time spent chained to it.

I've been thinking I should post a who, what, where I am in trading, and origin of the username like people did in the old thread. Keep finding I don't even know what to post, questions to ask or anything.

As a committed and dedicated student of PASR this is YOUR thread so FEEL FREE to post anything
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,894
  • Feb 2, 2018 1:47pm Feb 2, 2018 1:47pm
Quoting strat
GBPJPY {quote} ""I wish I was less stupid"" That's what you get for following indicators and indicator threads. Your magic indicator is signalling a buy one candle and 175 pips late I could tell you lots more about this but I no longer have the patience and time to waste on indicator junkies {image}
Strat, this is your thread so you are the king here, but even though you are clearly better than everyone here and that I truly appreciate your insights, I don't really understand the kick you are taking from some of your comments ...

Was there any indicator on what I posted? There was nothing but your shadow and a buy signal on a daily bullish pinbar which I thought was a pertinent entry point.

Feel free to go through all my old posts if this helps you judge someone you don't know and decide that I am an indicator junkie. I will continue to follow your inspirational thread from afar, but it seems posting requires to have a clean past...

Have a great weekend
  • #1,895
  • Feb 2, 2018 1:50pm Feb 2, 2018 1:50pm
PASR

Quoting Giannis95
{quote} Yes, I think that trading with real money is very different compared to trading with fake money because you are obliged to control the continuous temptation to cut profits short and let the losses run. {quote} You're right, I think I was lucky, I'll study the whole old thread but I'll continue to practice because theory without practice is nothing and I'm sure I'll be wrong another million times. Your post on my mistakes in taking the trade with USDJPY pushed me to do better and made me understand where I was wrong in my reasoning. Thank...
First, I am very disappointed that you have not answered the questions I asked in my reply to you. How do you expect to LEARN and UNDERSTAND PASR?

Yes, I think that trading with real money is very different compared to trading with fake money because you are obliged to control the continuous temptation to cut profits short and let the losses run.

This is because your Little People (Trading Psychology) are ONLY engaged when YOU have YOUR hard earned money AT RISK. Worse still are those who trade on "demo" who do not realise that their "demo" accounts are manipulated by their broker.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,896
  • Feb 2, 2018 2:26pm Feb 2, 2018 2:26pm
PASR

Quoting darko2010
{quote} Strat, this is your thread so you are the king here, but even though you are clearly better than everyone here and that I truly appreciate your insights, I don't really understand the kick you are taking from some of your comments ... Was there any indicator on what I posted? There was nothing but your shadow and a buy signal on a daily bullish pinbar which I thought was a pertinent entry point. Feel free to go through all my old posts if this helps you judge someone you don't know and decide that I am an indicator junkie. I will continue...
Thank you for your polite reply

I don't really understand the kick you are taking from some of your comments

When you have been down this road as long as I, and are as long in the tooth as I, you try and get your "kicks" wherever you can find them. Route 66 didn't work!

Feel free to go through all my old posts if this helps you judge someone you don't know and decide that I am an indicator junkie

Thank you, I did - all the way back to August 23, 2010. You are right, I don't know you as a person BUT I do know the type of trader YOU are (even if you don't). From May 4, 2017 you became "hooked" on indicators and worse, inquired and asked for advice from ""little inexperienced boys"" ""playing"" in a BIG MAN'S world - very, very poor judgement. I could go on but I'm getting bored.

I will continue to follow your inspirational thread from afar, but it seems posting requires to have a clean past.

No, that's not a requirement. I just need to see that traders have stopped "thread hopping" and are committed and dedicated to PASR. I just don't have the time, patience, inclination, desire or respect for "thread hoppers", lurkers and "short cutters" and like you say, ""Strat, this is your thread so you are the king here"", so, unlike your Comedy Thread, I can CONTROL who posts on here and who I choose to work with.

If you are thinking I am trying to win a "top thread popularity contest" as implied to others by a certain person who hi jacks dead peoples' threads, THINK AGAIN. I do not give a rat's ass whether I, or my thread, is popular or not. Where I am in my life now, ALL I want to do is HELP others become consistently profitable to Trade For A Living as I have done for others over all these last 9 years.
15 YEARS OF PASR ON FOREX FACTORY!
  • #1,897
  • Feb 2, 2018 2:36pm Feb 2, 2018 2:36pm
Quoting strat
GBPJPY {quote} Honestly I saw the hammer a couple of days ago, and rejected it as a trade because I didn't see a good place to take profit. As explained in the posts above, the HAMMER is the signal to enter long BUT the problem on the Worker is that the RISK is GREATER than the REWARD so when this situation arises, we DROP DOWN to shorter time frames for our entry, either H4 or H1. Which time frame you use is dependent on which time zone you are in. If your time zone permits, you can drop down to H1 and enter long above the candle shown for a REWARD...
hellow start i am dont's know you personally but your teaching' Illustrations'The word style that's brilliant..
i am not see many years like you other one teacher.mostly like learn with you.
my last trade this's week...happy weekeand strat and all guys

fx1990
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  • #1,898
  • Feb 2, 2018 3:22pm Feb 2, 2018 3:22pm
Quoting strat
PASR {quote} Thank you for your polite reply ...
I really have no quarrel here, and I don't want to waste your time or mine going on irrelevant conversations that are beside your teachings.

I posted a daily GJ graph based on your own comments hoping to get some sort of feedback as I feel your approach is indeed more pertinent than any indicator-based method which, once you take an honest, unlazy look at price movements, is always frustrating and unefficient.

Now, you can either go back to my post and kindly give me feedback on my proposed entry (and yes, there was an even better entry on H4 on the back of the retracement) or just ignore me, you already gave me a lot with this and the old thread, and again, thank you for it.
  • #1,899
  • Feb 2, 2018 3:34pm Feb 2, 2018 3:34pm
Quoting strat
GBPJPY {quote} Not bad for an indicator junkie I have marked the PASR signal candle in blue As with your indicator junkie colleague, I could tell you lots more about this but I no longer have the patience and time to waste on indicator junkies {image}
Strat,

I wasn't aware I had posted any chart with an indicator.
If I have I'll guarantee it won't happen again.

Thanks for your critigue of my post.

Frank
  • #1,900
  • Feb 2, 2018 3:53pm Feb 2, 2018 3:53pm
GBPJPY

Quoting darko2010
{quote} I really have no quarrel here, and I don't want to waste your time or mine going on irrelevant conversations that are beside your teachings. I posted a daily GJ graph based on your own comments hoping to get some sort of feedback as I feel your approach is indeed more pertinent than any indicator-based method which, once you take an honest, unlazy look at price movements, is always frustrating and unefficient. Now, you can either go back to my post and kindly give me feedback on my proposed entry (and yes, there was an even better entry...
I will comment on your post to show there is no ill feeling on my part but READ and UNDERSTAND my post # 1893 to Rub which explains everything in great detail

I have marked up on your chart with green arrows where our PASR entries are which you should be able to UNDERSTAND.

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I SEE (red boxes) you use indicators for support, resistance and pivots which is YOUR choice of course. ""IF"" you want to trade PASR, you NEED to get rid of them because (1) we have no use for, or trade pivots and (2) YOU need to be able to identify support and resistance with YOUR OWN EYES. Using an indicator for them causes you to subconsciously use them as a crutch and STOPS your trading brain from working them out for itself. When you are trading, you need your trading brain to be 100% functional and operational - relying on indicators stops you from SEEING BEYOND THE CANDLES

I hope this helps "us" to move forward
15 YEARS OF PASR ON FOREX FACTORY!
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