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Strat's PASR Long Term, Stress Free Trading

  • #2,021
  • Feb 7, 2018 9:44am Feb 7, 2018 9:44am
Quoting darko2010
When the TF you are taking directions from is stuck between 20 and 50, nothing seems to work
Darko,

I think Strat said not to trade when within shadow unless
you have a sig from a higher time frame.

If I'm wrong he'll correct me.

Regards, Frank
  • #2,022
  • Edited 11:28am Feb 7, 2018 9:52am | Edited 11:28am
GBPJPY

Quoting jmw7
GBPJPY Basic PASR on Daily Hello all, First post here, I've been reading the old thread as well as this one for a couple months. Wanted to post a demo trade for any feedback. I'd also like to sincerely thank you, Strat, for your generosity on this site helping people figure this out. Very selfless of you with your time, thank you. Long entry based on the Signal Candle (above the arrow). The candle found support at confluence of minor support, trend line and the Strat Shadow. Basic PASR trade from 153.00 to Weekly resistance at 154.98 SL is several...
Wanted to post a demo trade

Do NOT trade on a demo account - this is HIGHLY MANIPULATED by YOUR broker to MAKE YOU LOOK GOOD! Either trade real money (smallest size your broker offers) or paper trade. In addition, a demo account does not engage your Little People who NEED more attention than the strategy.

Did you check the Big Boss and Boss? Had you done so you would have seen PRICE at resistance. What does the Big Boss at resistance, the Boss at resistance and the Worker at resistance tell you? Even Basic PASR buying back up to previous resistance is very RISKY and is like trying to swim against the current. Did you SEE the huge SELLING candle on February 05, 2018? What do you think that is telling you?

Keep READING, LEARNING and UNDERSTANDING The Path

We look forward to your second post!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,023
  • Feb 7, 2018 10:10am Feb 7, 2018 10:10am
Another day overtrading, many, too many mistakes, lots of self doubt with good trades ended way too soon, but I haven't learnt that much about myself in a long time!

Today was M5 trading day and I took directions from H4. Guess what? When H4 is undecided, it shows directly on the candles (and MAs), and all M5 deals go awry. I ended up asking myself "why trade something that depends on the Boss instead of trading the boss itself?", except if you really want to enjoy screen time, which I don't recommend after almost 16 hours in front of my screen (I did all three Asian, European and early US sessions, not having to sleep is a curse, not a gift).

I was focusing so much on the M5 action, taking beating after beating this afternoon despite very nice trades on the JPY and GBP this morning, that I didn't realize that everything I needed to see was on H4. And, for the most part, there was nothing interesting to see on H4, most pairs were in a small range hence the death by a thousand paper cuts on the M5.

Last 5M trade of the day, short EURAUD. I should have entered at 9am CET based on H4 but I learned the hard way that Shooting stars on an uptrend don't mean you can sell

Have a great morning, day and evening
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  • #2,024
  • Feb 7, 2018 10:13am Feb 7, 2018 10:13am
Quoting Frank0
{quote} Darko, I think Strat said not to trade when within shadow unless you have a sig from a higher time frame. If I'm wrong he'll correct me. Regards, Frank
Thanks Frank, I confirm this from firsthand experimentation and bruises to prove it.
I am a fast learner, but it seems I just need to be taught very slowly...
Best
D
  • #2,025
  • Edited 11:32am Feb 7, 2018 10:17am | Edited 11:32am
AUDUSD

Quoting darko2010
I don't know if this is pertinent, but as I walk around timeframes looking for mine, I noticed that AUDUSD was at interesting levels: - On weekly, price jumped up from around the 50% retracement level on the latest big rallye - On Daily, we are at around the latest swing low and yesterday's hammer was noticeable (3 am here) Therefore, I looked for a valid entry signal on lower timeframes and on 15m, there is a nice engulfing bar which I took We'll see... And the plan: since I took a 15mn trade, I am looking at H4 S/R levels which, to me, are confirmed...
On weekly, price jumped up from around the 50% retracement level on the latest big rallye

So? That is just another support and resistance level. We need to SEE what PRICE does there BEFORE taking any action

On Daily, we are at around the latest swing low and yesterday's hammer was noticeable

Not on my charts!

I should have looked at H4 with more attention

WHAT! You are looking BACKWARDS! Where is PRICE on the Big Boss and Boss? What is that telling you?

Here are my charts from earlier posts
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Also, LOOK at Wild Thing's charts and my charts and then look at yours - do you SEE any difference?
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,026
  • Feb 7, 2018 10:27am Feb 7, 2018 10:27am
GBPUSD M15

Quoting bistolis
Hello My first trade in quite a while {image} Aiming to exit at yesterdays low I am not sure if the two long wicks around Frankfurt open can be considered good for shorts as well By the way this is just a paper trade, I didnt even open a position on the demo account that I used to take the screen shot.
My first trade in quite a while

Why?

I am not sure if the two long wicks around Frankfurt open can be considered good for shorts as well

Why? Tell me your reasons/doubts so that you can progress on The Path

a paper trade

Well done! At least there is one person here who can FOLLOW instructions
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,027
  • Feb 7, 2018 10:31am Feb 7, 2018 10:31am
GBPUSD M15

Quoting bistolis
{quote} Oh well 50p and out half an hour ago
Why didn't you take profit when PASR signalled you?

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,028
  • Feb 7, 2018 10:34am Feb 7, 2018 10:34am
PASR Strat Shadow

Quoting darko2010
When the TF you are taking directions from is stuck between 20 and 50, nothing seems to work
Had you READ The Path and used a Strat Shadow on your chart, you would know why
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,029
  • Feb 7, 2018 10:38am Feb 7, 2018 10:38am
Quoting strat
AUDUSD {quote} do you SEE any difference?
It's like holding a rifle from the wrong end, I see that now. There is a big difference between reading the path, walking the path and unlearning what was there before. I don't remember putting so much of myself in something in a long time, but maybe I should take a step back and take it slower.

Thanks for your continued patience, I know you could have ripped me a second one on this terrible analysis of mine yet you are benevolent with your time and teaching.
  • #2,030
  • Feb 7, 2018 11:25am Feb 7, 2018 11:25am
Quoting strat
GBPJPY {quote} Did you check the Big Boss and Boss?
Thank you Strat, I'd like to be sure I really understand, so a couple questions if I may:

Did you check the Big Boss and Boss? Had you done so you would have seen PRICE at resistance. What does the Big Boss at resistance, the Boss at resistance and the Worker at resistance tell you?

I recognized BB and B at resistance, but saw the Worker in a pullback to support. With the PA it showed at support, I saw this trade as buying a pullback in an uptrend.

If we want to buy dips in an uptrend, please help me to understand the flaw in this one so I don’t repeat it.
These are the reasons I can come up with where I was wrong:

  1. I’m buying too close/near this major resistance?
  2. I’m buying from a “minor” support level, and should only be thinking “buy” at a pullback to a “major” support level?
  3. Do I have this labeled as “uptrend” incorrectly. Does the “uptrend” status get put on hold once price is rejected by resistance? I need to wait for price to confirm “new” direction at resistance before thinking buy or sell?


Many thanks.

  • #2,031
  • Feb 7, 2018 11:26am Feb 7, 2018 11:26am
I give up!

Quoting darko2010
Another day overtrading, many, too many mistakes, lots of self doubt with good trades ended way too soon, but I haven't learnt that much about myself in a long time! Today was M5 trading day and I took directions from H4. Guess what? When H4 is undecided, it shows directly on the candles (and MAs), and all M5 deals go awry. I ended up asking myself "why trade something that depends on the Boss instead of trading the boss itself?", except if you really want to enjoy screen time, which I don't recommend after almost 16 hours in front of my screen...
Another day overtrading

Why? SLOW DOWN! Are you in a hurry to LOSE your money? This is NOT a sprint, it is a marathon.

Today was M5 trading day and I took directions from H4

WHAT!!!!!!!!!!!!!!!! Have you read my M5 PASR Trend Trading strategy? We ONLY use H4 and H1 for our resistance and support levels!

When H4 is undecided, it shows directly on the candles (and MAs), and all M5 deals go awry.

Nothing to do with H4! ""It"" is because of the cheval sat in front of the one eyed monster making the trading decisions!

I ended up asking myself "why trade something that depends on the Boss instead of trading the boss itself?"

The question you should have asked was "Why aren't I trading The Path PASR strategy?""

almost 16 hours in front of my screen

And I thought you were "smart". Studies have shown that a trader's proficiency DECREASES exponentially after 2/3 hours of non stop trading/sat in front of a trading screen!

I didn't realize that everything I needed to see was on H4

Do this on M5 and you will BLOW everything you have! I can save you a lot of time and anxiety - just send me everything in your trading account.

for the most part, there was nothing interesting to see on H4,

So WHY look at it?

I should have entered at 9am CET based on H4

ABSOLUTE RUBBISH!

We have a phrase in English (don't know if there is a French equivalent) - YOU CAN LEAD A HORSE TO WATER BUT YOU CAN'T MAKE HIM DRINK! YOU are this "cheval"

You ""may"" be READING but you are DEFINITELY NOT LEARNING and UNDERSTANDING let alone APPLYING it. Instead of trading The Path PASR, YOU are trading something totally irrelevant between your ears. You may be better going back to your squiggly lines.

I fear I am WASTING my TIME and ENERGY with you
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,032
  • Feb 7, 2018 11:31am Feb 7, 2018 11:31am
Quoting darko2010
{quote} Thanks Frank, I confirm this from firsthand experimentation and bruises to prove it. I am a fast learner, but it seems I just need to be taught very slowly... Best D
I am a fast learner

NO, YOU ARE DEFINITELY NOT! You ONLY THINK you are. My 5 years old grandson learns faster than you.

I just need to be taught very slowly

What use is TEACHING when you don't UNDERSTAND and APPLY what you LEARN?
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,033
  • Edited 11:47am Feb 7, 2018 11:34am | Edited 11:47am
I GIVE UP!

Quoting darko2010
{quote} It's like holding a rifle from the wrong end, I see that now. There is a big difference between reading the path, walking the path and unlearning what was there before. I don't remember putting so much of myself in something in a long time, but maybe I should take a step back and take it slower. Thanks for your continued patience, I know you could have ripped me a second one on this terrible analysis of mine yet you are benevolent with your time and teaching.
YOU have NOT SEEN the difference!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,034
  • Edited 11:56am Feb 7, 2018 11:39am | Edited 11:56am
PASR

Quoting jmw7
{quote} Thank you Strat, I'd like to be sure I really understand, so a couple questions if I may: Did you check the Big Boss and Boss? Had you done so you would have seen PRICE at resistance. What does the Big Boss at resistance, the Boss at resistance and the Worker at resistance tell you? I recognized BB and B at resistance, but saw the Worker in a pullback to support. With the PA it showed at support, I saw this trade as buying a pullback in an uptrend. If we want to buy dips in an uptrend, please help me to understand the flaw in this one so...
I saw this trade as buying a pullback in an uptrend.

How can it be in an UPTREND when ALL 3 time frames are AT RESISTANCE in HARMONY?

Your trade is COUNTER TREND AGAINST current PRICE ACTION. Counter trend trading has the LOWEST probability of SUCCESS, so why trade it when there are other opportunities to trade WITH the trend?

Do you like driving down the freeway on the wrong side facing six lanes of big rigs coming at you at 70mph?
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,035
  • Feb 7, 2018 11:59am Feb 7, 2018 11:59am
Quoting Malu
GBPAUD Traded the worker (1d) within the WCC (purple line in the chart below): BEEB yesterday at restistance (WCC) was the trigger for me to open 2 positions at the (almost) same price this morning. TP of position 1 was hit already, so I moved SL of position 2 to BE and will let it run. {image}
Hi Malu,

I thought I understood WCC from posts earlier in this thread but now I'm not so sure. When I was looking at my charts, I saw last week's weekly candle as a potential WCC as this week's candle has not yet closed within last week's weekly candle's extremes.

The last weekly control candle I'm seeing is during the week of 12/25 which controlled price for 3 weeks until the 1/22 candle closed outside the 12/25 weekly candle's extremes. Then, last week's candle closed outside the 1/22 candle's extremes.

Based on strat's comment to you, it seems you were right in initiating this trade at the WCC resistance and my understanding isn't right. Can Strat or anyone confirm that I'm wrong in my understanding of WCC's and need to go back and read again?
  • #2,036
  • Feb 7, 2018 12:03pm Feb 7, 2018 12:03pm
EURUSD M5

I managed to squeeze this trade in amongst posting replies this morning

This is a 100% PERFECT example of my M5 Trend Trading strategy. No doubts, no questions, no Little People - just make hay WHEN the sun shines and fill your barn up!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,037
  • Feb 7, 2018 12:06pm Feb 7, 2018 12:06pm
WCC

Quoting Yoki
{quote} Hi Malu, I thought I understood WCC from posts earlier in this thread but now I'm not so sure. When I was looking at my charts, I saw last week's weekly candle as a potential WCC as this week's candle has not yet closed within last week's weekly candle's extremes. The last weekly control candle I'm seeing is during the week of 12/25 which controlled price for 3 weeks until the 1/22 candle closed outside the 12/25 weekly candle's extremes. Then, last week's candle closed outside the 1/22 candle's extremes. Based on strat's comment to you,...
I'm pissed off and fed up of posting this morning so let's SEE if others can answer you
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,038
  • Feb 7, 2018 12:11pm Feb 7, 2018 12:11pm
Quoting strat
WCC {quote} I'm pissed off and fed up of posting this morning so let's SEE if others can answer you
Can't do what you do with people. patience in trading and people .. it's exhausting.

but your good for what you do!
It's in fear when people show what they truly value.
  • #2,039
  • Feb 7, 2018 12:14pm Feb 7, 2018 12:14pm
Quoting Yoki
{quote} Hi Malu, I thought I understood WCC from posts earlier in this thread but now I'm not so sure. When I was looking at my charts, I saw last week's weekly candle as a potential WCC as this week's candle has not yet closed within last week's weekly candle's extremes. The last weekly control candle I'm seeing is during the week of 12/25 which controlled price for 3 weeks until the 1/22 candle closed outside the 12/25 weekly candle's extremes. Then, last week's candle closed outside the 1/22 candle's extremes. Based on strat's comment to you,...
Post a Chart with Arrows where u think that is a WCC....
  • #2,040
  • Feb 7, 2018 12:22pm Feb 7, 2018 12:22pm
No problem, Strat


Quoting HappyTrend
{quote} Post a Chart with Arrows where u think that is a WCC....
I can't right now because I'm at work on my work PC. If no one is able to answer by the time I get home, I will definitely post a chart.
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