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Strat's PASR Long Term, Stress Free Trading

  • #2,101
  • Feb 9, 2018 12:50pm Feb 9, 2018 12:50pm
Quoting strat
GBPUSD {quote} I saw a good looking wick forming on the H4 But did you check PRICE on the Big Boss and Boss FIRST?
But did you check PRICE on the Big Boss and Boss FIRST?
well H4 is the big boss. I was switching through the time frames and I liked that wick that became an engulfing bar on the H4. then I was waiting for price to align on M15.
Boss
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Worker
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entry and exit marked, according to what was my plan
  • #2,102
  • Feb 9, 2018 2:33pm Feb 9, 2018 2:33pm
Quoting strat
KICKS darko2010 - you posted this I don't really understand the kick you are taking I get my "kicks" from seeing traders become consistently profitable and seeing comments like Strat I owe you a The above statement by Strat did the magic to my M5 PASR Trend Trading. plus so many more along the way BeyondTheSea was where you are now 2 months ago and look how PROFITABLE he is now by just FOLLOWING my M5 PASR Trend Trading strategy (not to mention fxrabbi who was a bit further along). darko2010 - these guys are just FOLLOWING - just like PASR...
Thank you Strat, your words are truly appreciated and your not giving up on me is heartwarming.
FYI, I also took GBPAUD short this morning (my only trade of the day) on a 5M SS at around 1am your time (not in front of my screens right now, so I can't post a chart).

I am far from giving up, quite the opposite.
Have a great weekend
  • #2,103
  • Feb 9, 2018 3:04pm Feb 9, 2018 3:04pm
Quoting strat
PASR {quote} I never even noticed that and didn't know what you were posting about! They are those who I put on my ""IGNORE" list along with the envious and jealous NEGATIVE NELLIES who couldn't trade their way out of the proverbial wet paper bag! WHO CARES ANYWAY - I certainly don't!
Precursor: I rewrote this a couple of times, and debated posting it, thinking it's a fair bit out of my lane, so strat, I'll get rid of it if you say so before the edit time runs out.

Strat I think this is related to probably the most important part of trading (not to claim I'm even profitable yet!). Mindset matters. Reading something like TITZ and mastering yourself isn't just the key in trading, but a recipe for success in life.

Now, talking about the most important person in the world (me! ), a couple of years ago I realized I'd gotten into a very negative rut. Depression, blaming others, focusing on my own faults to excess, that sort of thing. Now, without going into details, I've taken steps to change all of that and it's been paying off slowly. It's worth finding people who want to better themselves, in whatever manner, and making a life with more of them in it.

For me, mastering trading is something I want as part of a better life, not something to consume me. I'd much rather do like you and trade a couple of specific hours a day, or (better!) trade the daily timeframe and do more of the things that make life worth living.

Anyone who admits they're not where they want to be and takes action to change gets respect from me, it's a damn hard journey that doesn't really end.
  • #2,104
  • Feb 9, 2018 3:51pm Feb 9, 2018 3:51pm
PASR

Quoting bistolis
{quote} But did you check PRICE on the Big Boss and Boss FIRST? well H4 is the big boss. I was switching through the time frames and I liked that wick that became an engulfing bar on the H4. then I was waiting for price to align on M15. Boss {image} Worker {image} entry and exit marked, according to what was my plan
Good! Just wanted to make sure you were using The Power of Time Frames
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,105
  • Feb 9, 2018 3:55pm Feb 9, 2018 3:55pm
GBPAUD M5

Quoting darko2010
{quote} Thank you Strat, your words are truly appreciated and your not giving up on me is heartwarming. FYI, I also took GBPAUD short this morning (my only trade of the day) on a 5M SS at around 1am your time (not in front of my screens right now, so I can't post a chart). I am far from giving up, quite the opposite. Have a great weekend
5M SS at around 1am your time

You will have to show me your chart - I'm not sure what you mean with the time - is it 1am in Southern California or 1am MY chart time?
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,106
  • Feb 9, 2018 4:20pm Feb 9, 2018 4:20pm
Psychology and Trading Psychology

Quoting Rub
{quote} Precursor: I rewrote this a couple of times, and debated posting it, thinking it's a fair bit out of my lane, so strat, I'll get rid of it if you say so before the edit time runs out. Strat I think this is related to probably the most important part of trading (not to claim I'm even profitable yet!). Mindset matters. Reading something like TITZ and mastering yourself isn't just the key in trading, but a recipe for success in life. Now, talking about the most important person in the world (me! ), a couple of years ago I realized I'd...
You are well on your way in life and trading and definitely not a bludger!

Always surround yourself with WINNERS and POSITIVE people, leave the negative nellies and losers to wallow in their own borrie!

You can post as much of this stuff as you like.

I wrote this recently for some special traders:

Trading Psychology or mastering your FEAR and GREED and exercising DISCIPLINE and PATIENCE are 95% of what makes a trader consistently profitable.

Everyone thinks it is the system/strategy but its not. You can give a proven consistently profitable strategy to 100 traders and only 5 of them will be consistently profitable. The remaining 95 blame the strategy/system for their loss instead of looking "inwards" at themselves.

This is "DEEP" so do not gloss over it or think YOU don't need it. I can GUARANTEE everyone needs it!

I did this in the early 90s after I found success with Self Hypnosis and Visualisation. Prior to going full time trading, I used this in my professional career with much success.

Do NOT underestimate the POWER of your sub conscious and your mind. It is said that we only use 5% of our brain power so tap into these and surprise yourself!

I studied Self Hypnosis and Visualisation for years long before there were CDs and DVDs and online content. I bought every book I could find on them and practised every technique in them. I am still fascinated with them to this day.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,107
  • Feb 9, 2018 5:19pm Feb 9, 2018 5:19pm
GBPNZD M5

All the action was in London (with BeyondTheSea) - nothing for me in PST (unless I get up at 5:30am which is not MY style of living)

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,108
  • Feb 9, 2018 5:23pm Feb 9, 2018 5:23pm
GBPAUD M5

All the action was in London (with BeyondTheSea) - nothing for me in PST (unless I get up at 5:30am which is not MY style of living)

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,109
  • Feb 9, 2018 5:30pm Feb 9, 2018 5:30pm
GBPJPY M5

Sqeezed a good chunk of pips out of GBPJPY at 6:55am PST plus add-ons while the kettle was boiling

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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,110
  • Feb 9, 2018 5:35pm Feb 9, 2018 5:35pm
GBPJPY - The POWER of TIME FRAMES

Speaking of GBPJPY, UNDERSTAND The Power of Time Frames

Big Boss
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Boss
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Worker
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15 YEARS OF PASR ON FOREX FACTORY!
  • #2,111
  • Feb 10, 2018 4:13am Feb 10, 2018 4:13am
I'm trying to improve after reflecting on strat's advice on my last post.
I took the (little) profits after about 30 pips because the fear of losing profits has won (I think there is some psychological work to do) and because I am not yet confident on my ability to precisely identify the levels of support and resistance. In this case I was right because the next level of support I had identified was about 18 pips lower.

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  • #2,112
  • Feb 10, 2018 6:50am Feb 10, 2018 6:50am
Quoting strat
GBPAUD M5 All the action was in London (with BeyondTheSea) - nothing for me in PST (unless I get up at 5:30am which is not MY style of living) {image}
I thought everyone in California got up at 5am to do yoga?
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #2,113
  • Feb 10, 2018 10:16am Feb 10, 2018 10:16am
Quoting strat
GBPAUD M5 {quote} 5M SS at around 1am your time You will have to show me your chart - I'm not sure what you mean with the time - is it 1am in Southern California or 1am MY chart time?
1am PST your time

On the Big Boss, SS after rejection on resistance
On the Boss, price was rejected from a resistance for the 4th time since July 2016
On the Worker, the price was rejected from resistance
On H4, the wicks confirmed that the sellers starts pushing down
On M5, we were finally entering in the Strat Shadow
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  • #2,114
  • Feb 10, 2018 2:43pm Feb 10, 2018 2:43pm
Hello Strat, for the M5 strategy, if the NY session does not follow the London trend then do not take trade.

But if NY does not follow London but your session at 6h55 PST follows NY then you take the trade?

Thank You

Pixlab
  • #2,115
  • Feb 10, 2018 4:48pm Feb 10, 2018 4:48pm
Quoting strat
Psychology and Trading Psychology {quote} You are well on your way in life and trading and definitely not a bludger! Always surround yourself with WINNERS and POSITIVE people, leave the negative nellies and losers to wallow in their own borrie! You can post as much of this stuff as you like. I wrote this recently for some special traders: Trading Psychology or mastering your FEAR and GREED and exercising DISCIPLINE and PATIENCE are 95% of what makes a trader consistently profitable. Everyone thinks it is the system/strategy but its not. You can...
Thank you strat, I suspect this is something we could have an enjoyable discussion have for a couple of hours over beverages. It's quite amazing the crab in a bucket mentality some people seem to have. Anyway, I'll do some digging and try to find some of the stuff I've come across that has been helpful to me.
  • #2,116
  • Feb 10, 2018 5:16pm Feb 10, 2018 5:16pm
Quoting strat
Psychology and Trading Psychology {quote} You are well on your way in life and trading and definitely not a bludger! Always surround yourself with WINNERS and POSITIVE people, leave the negative nellies and losers to wallow in their own borrie! I studied Self Hypnosis and Visualisation for years long before there were CDs and DVDs and online content. I bought every book I could find on them and practised every technique in them. I am still fascinated with them to this day.
Strat,

The book "Master Key System" by Charles Haanel is available on line for free.
My copy was published in 1916. Probably the beginning of such self help writings.
Read it all the way through. There are some scary (or weird) concepts that you might come to accept.
They are important.

I'll bet Strat has read it more than once.

Best Regards

Frank
  • #2,117
  • Feb 10, 2018 7:49pm Feb 10, 2018 7:49pm
Been preekin at this forum many years. This thread made me join. If any of you have been around a very long time and you are familiar with the site elite trader you might remember a thread from anekdoten as I recall This is exactly the same ..... Strat = anekdoten
  • #2,118
  • Feb 11, 2018 8:25am Feb 11, 2018 8:25am
there's been a few movers in the charts this week pop pickers...

Attached File(s)
File Type: pdf volatility feb11.pdf   12 KB | 355 downloads
  • #2,119
  • Feb 11, 2018 2:44pm Feb 11, 2018 2:44pm
Hello,

I have been studying the Old thread and trying to keep up with the new thread as well.


Thank you Strat.

Just in case anyone is interested in the archived version of Strats website (The Path), please find link below

https://web.archive.org/web/20120603...rning:overview
  • #2,120
  • Edited 4:59pm Feb 11, 2018 4:20pm | Edited 4:59pm
Quoting darko2010
{quote} 1am PST your time On the Big Boss, SS after rejection on resistance On the Boss, price was rejected from a resistance for the 4th time since July 2016 On the Worker, the price was rejected from resistance On H4, the wicks confirmed that the sellers starts pushing down On M5, we were finally entering in the Strat Shadow {image} {image} {image} {image} {image}
Irrespective of the number of pips, I believe it was not a good trade in hindsight. It wasn't stress-free as it was against the Boss and the Big Boss, no matter if the price was pushed back on resistances. This is Trogger's style, I am just trying to walk, not fly. There should be easier trades out there, catching the beginning of big reversals is not something I am ready for and I am done seeking thrills in trading. This is not a hobby, it's a job, and I must treat it as such. Better not take a trade than regret taking it, and winning by luck only shows how unprepared I am.
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