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Strat's PASR Long Term, Stress Free Trading

  • #2,781
  • Mar 4, 2018 7:13am Mar 4, 2018 7:13am
If you have 20 minutes to spare on a Sunday, this Ted talk from Dan Gilbert on happiness is golden, and not just for trading.

https://www.ted.com/talks/dan_gilber..._happy#t-36885

One thing in this talk resonated with me, I hope it can help others on their life journey: We should have preferences that lead us into one future over another. But when those preferences drive us too hard and too fast because we have overrated the difference between these futures, we are at risk. When our ambition is bounded, it leads us to work joyfully. When our ambition is unbounded, it leads us to lie, to cheat, to steal, to hurt others, to sacrifice things of real value. When our fears are bounded, we're prudent, we're cautious, we're thoughtful. When our fears are unbounded and overblown, we're reckless, and we're cowardly.
  • #2,782
  • Mar 4, 2018 9:49am Mar 4, 2018 9:49am
Quoting HappyTrend
{quote} Hello Strat, how for confirm... hehe is correct the analysis? I use to read ur answers with a lot of words and comments. But this time is just an "OK" haha
Nothing to comment on, your analysis is ""OK""
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,783
  • Edited 11:35am Mar 4, 2018 10:11am | Edited 11:35am
PASR

Quoting brody55
Quoting darko2010
It has nothing to do with strategy or method, it has only to do with psychology. PASR is simple, accepting it is complicated, as it is complicated to accept many simple things in life, it has to do with agreeing to accept reality for what it is rather than for what you want it to be. An excellent post, darko...thank you... that PASR statement is spot on... i've been fighting the little men for a few weeks... give up they say..you will never get it they holler..look, everybody else gets it, why don't you? you thick shite..
...
Hang in there, Brody! You are not the first, and you will not be the last to feel like this. I could write a book on the number of times I went through the same emotions. A summary of what got me to be where I am now is: A Burning Desire, Determination and Persistence.

If I was where you are at now, I would do the following:

PLAN - Have a PLAN for the long haul with clearly defined and achievable goals. A common acronym for goal setting is: SMART

Attached Image


I was not a fan of PLANS and GOALS in my working career which trickled over into my trading. It was only when I ACCEPTED that I needed PLANS and GOALS that I finally moved forward in my trading.

Make sure that PLAN includes a time line for reviewing your progress AND, more important than anything, make sure your GOALS are achievable. Make sure you review that PLAN as required by the PLAN.

COMMIT yourself AND your time to study and work hard to reach your GOALS

Have a Burning Desire to SUCCEED at trading - make sure it is not something wishy washy like ""I quite fancy getting rich with forex""

Have the GUTS to work through all the obstacles and negativity which fall in your way.

Be DETERMINED to SUCCEED no matter what comes your way

Be PERSISTENT to get YOUR way.

Finally, BE POSITIVE, surround yourself with POSITIVE people and reject the negative nellies. ACCEPT that YOU and ONLY YOU are the one that WILL make this happen. No-one else can make it happen for you.

You can do it, Brody and we will help as much as we can.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,784
  • Mar 4, 2018 10:28am Mar 4, 2018 10:28am
Quoting Rub
{quote} Might need to check the old mark 1 eyeballs in for a service! That's the chart I attached. Still can't remember what else I was going to say there. {quote} Thanks for the feedback. Am I reading this correctly that we are only really interested in the support and resistance levels from big boss, it's just fine tuning them on the boss and worker? Not using levels from worker and boss. I've been trying to find a cheat sheet I found ages ago showing the basic hammers, shooting starts, engulfing and outside bars. Similar to this one from the...
Just pulling your plonker, Rub!

Am I reading this correctly that we are only really interested in the support and resistance levels from big boss, it's just fine tuning them on the boss and worker?

Yes and No. We always start with the Big Boss, then toggle that chart to the Boss and fine tune those levels on the Boss. Add any significant levels from and on the Boss missed by the Big Boss. Then toggle that chart to the Worker and do exactly the same thing INCLUDING adding any significant levels missed by the Big Boss and Boss. Pay attention to the latest levels on the Worker as these are the last and latest footprints left by the Big Boys.

Here is an example of my trading chart for GBPUSD

Big Boss - only 2 levels in cadetblue - one above and one below where PRICE is NOW
Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 58 KB


Boss - Fine tuned the cadetblue levels to the Boss data AND added significant levels in blue
Attached Image (click to enlarge)
Click to Enlarge Name: b.PNG Size: 53 KB


Worker - Fine tuned all levels to the Worker data but NO NEED to add any more significant levels
Attached Image (click to enlarge)
Click to Enlarge Name: c.PNG Size: 43 KB


Do not forget that the Strat Shadow provides DYNAMIC support and resistance levels as opposed to the static lines drawn above.

Does this help?
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,785
  • Mar 4, 2018 10:33am Mar 4, 2018 10:33am
Quoting glyder
Kipling’s ‘If' has been in my FF profile for years now.They know this poem well
This poem is something that keeps me getting up every time I fall too.

Thanks Glyder, and thanks to Strat from the bottom of my heart. This is probably the first time in years of trading that I feel I am part of a community.
There is profit available for everyone, but everyone has to walk the Path and do his/her part as the Path is much more interesting and rewarding than the destination
  • #2,786
  • Mar 4, 2018 10:33am Mar 4, 2018 10:33am
PASR

Quoting Corinna
{quote} Am I reading this correctly that we are only really interested in the support and resistance levels from big boss, it's just fine tuning them on the boss and worker? Not using levels from worker and boss. Rub,this is also the question that appeared in my mind after Strat's answer to you in Post 2764. Maybe I had not understand fully what I learned earlier in both Strat's thread regarding support and resistance which is a very vital part in trading PASR. Hopefully can get clarification from Strat and others. Strat, please pardon this stupid...
See my post to Rub, Post 2784 - does this help? If not, please advise

Strat, please pardon this stupid student of yours

There's no need to pardon Rub, he is already pardoned!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,787
  • Mar 4, 2018 11:04am Mar 4, 2018 11:04am
Trading Psychology

Quoting samsonwebdes
{quote} Trading psychology is definitely my problem and something I have always struggled with. Apart from being able to spell psychology which has also been an issue for me! Thank Microsoft for spell checkers! I'm a fast learner and can apply my knowledge well when fully understood which I have done with various strategies and markets over the years but controlling the little people is a real battle for me. I'm a logical guy and apply logic to my everyday life and my business which works great. I know the logic in trading but I just can't get it...
I'm a logical guy and apply logic to my everyday life and my business which works great.

That's one of the problems, samson! Logic doesn't work in trading! If you've read the threads you will know I am a degreed Mechanical Engineer by Profession with a logical approach to recognising and solving problems. Long story short, my logic was screwing me up! It wasn't until I threw logic out of the window that I progressed in my trading. Why doesn't it work? Because the Big Boys do not trade on logic - they trade on their EMOTIONS - Fear and Greed!

Let go of the logic crap and you will be surprised how much you will improve. Instead of using logic, THINK and try to UNDERSTAND what the Big Boys are doing in any PRICE situation.

BUT when I'm down £100 for the week and on Friday morning my account shows £150 in the green my head just says get even and survive another week.

Come on! This is RANK AMATEUR crap! Who cares where your P&L is on any single day or week? It is no wonder that you are tormented by your Little people, who in this case, must be GIANT PEOPLE! You should ONLY measure PROFITABILITY on a MONTHLY basis AND, without setting any stupid monthly goals.

Now if 100 quid (I don't have the GBP symbol) is a problem, which OBVIOUSLY it is, reduce your position size until the loss is insignificant in the Big Picture. Then, when you are consistently profitable, increase your position size. Also, you should ONLY be trading the smallest size your broker offers UNTIL you have PROVEN yourself and your UNDERSTANDING and APPLICATION of the strategy.

I have a great strike rate

No, you don't!

This month I think I'm going to try an experiment with my trading.

Therein lies another problem! Stop screwing around with the strategy and trying to fix what is NOT broken! Trade as suggested by The Path.

My daily trades often get 80 or 100 pips into profit. At that point I usually take a partial and move to break even

More RANK AMATEUR trading! 80 - 100 pips on the Worker is PEANUTS!

As a starting point I'm thinking of applying a BIG trailing stop on everything. 100 pip minimum,

100 pip minimum on the Worker??!!?? You obviously do not understand or do not consider ATR! You will get stopped out EVERYTIME on the Worker with 100 pips stop loss tripe!

I know I should be trading from support to resistance and vice versa but at the moment it's a struggle and I feel I need a middle ground.

And there is another problem! It is either Basic PASR or Swing PASR or PASR TREND Trading - THERE IS NO MIDDLE GROUND IN PASR!

TITZ didn't really sink in I don't think so I'm going to re-read that.

There is your BIGGEST PROBLEM! It didn't sink in because you are OBSESSED and FASCINATED with the mechanics of the strategy! ACCEPT this and study Trading Psychology UNTIL you can put your GIANT PEOPLE in a corner with a Dunce hat on WHEN you are in a trade.

BeyondTheSea has already replied to you with an excellent post - you would be wise to heed him - look where he is NOW compared to the MESS he was when he came here!
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,788
  • Mar 4, 2018 12:13pm Mar 4, 2018 12:13pm
Quoting strat
{quote} Nothing to comment on, your analysis is ""OK""

Good, thank you.

I was thinking that "OK" was just a (i dont care about it...) or something like that haha.

I "invest" my weekend in study, and this week im going to trade only H1 H4 D1 W1 Dow jones, with entries in H1 and H4, trying to manage it between H4 and D1.

USDMXN H4 D1 W1 M1

And im thinking to start trading EURJPY too H1 H4 D1 W1 (I think this pair is not too slow and not too fast like Dow Jones) but im not sure about to add an extra pair.. because im not used to trade with different pairs but in my study i see that it can be posible..

And now i understand why you trade D1 W1 M1 with all the currencies... im not very sure but im going to try to answer, is because when you entry in a trade in PASR, i mean when you entry in a trade in support of D1 W1 and is forming a confirmed swing and if it doesnt fail... you are going to take all the swing up in a Daily Basis, i mean u already entry in a daily graph and just waiting the PA of each candle for see when to take profit, waiting for the next Resistance (in a uptrend movement..

This system can be tradeable in all timeframe charts, but lower TF is more complicate because the space between the swings are more small... and is more faster to take a decision. In Daily, you have 24hrs to think everything before a new candle complete hahahaha.

Anyway, can i ask you in what broker u are working? I mean, Your Daily Candle at what time close? Thank you.
  • #2,789
  • Mar 4, 2018 1:24pm Mar 4, 2018 1:24pm
Quoting strat
Trading Psychology {quote} I'm a logical guy and apply logic to my everyday life and my business which works great. That's one of the problems, samson! Logic doesn't work in trading! If you've read the threads you will know I am a degreed Mechanical Engineer by Profession with a logical approach to recognising and solving problems. Long story short, my logic was screwing me up! It wasn't until I threw logic out of the window that I progressed in my trading. Why doesn't it work? Because the Big Boys do not trade on logic - they trade on their EMOTIONS...
Read anď understood Strat. I'm trying to be consistently profitable but on too short a timeframe. It's the doubt of being right at this stage I think.
Going to read everything glider sent me this week.
I've just looked at some of the daily trades and hourlies I've taken in the last few weeks and dragged them onto my chart. Incredible amount of pips on the table.
Plan the trade and trade the plan. If I'd have held some of my dailies for another week I'd have been 5:1 on many of them.
Monthly p&l for me from now on and I'm not going to trail anything at all. I'll wait for price action or my to to get me out.

Spock out.
Study enough and it all starts looking like the Matrix...
  • #2,790
  • Mar 4, 2018 5:18pm Mar 4, 2018 5:18pm
strat,

On the old thread, post 15,029, you posted: The Worker and Boss are not in harmony with the Big Boss
but if PRICE can hold above the Strat Shadow they can turn around until you have PASR.

I found that chart and pasted it here with the area that was under discussion in the red box.

Haven't yet found the definition of Harmony but assume it to be at least Worker and Boss shadow going in the same direction and preferably the Big Boss also in that direction.

I used 5ema for daily shadow since the daily 20 shadow is almost the same as a weekly 5ema.

https://www.forexfactory.com/attachm...1&d=1520205894
Attached Image
  • #2,791
  • Mar 4, 2018 6:51pm Mar 4, 2018 6:51pm
The Power of Time Frames

Quoting Frank0
strat, On the old thread, post 15,029, you posted: The Worker and Boss are not in harmony with the Big Boss but if PRICE can hold above the Strat Shadow they can turn around until you have PASR. I found that chart and pasted it here with the area that was under discussion in the red box. Haven't yet found the definition of Harmony but assume it to be at least Worker and Boss shadow going in the same direction and preferably the Big Boss also in that direction. I used 5ema for daily shadow since the daily 20 shadow is almost the same as a weekly...
I don't know where it is in my "old" original thread Frank but here it is again.

Ideally we want all 3 time frames, the Big Boss, Boss and Worker to be moving in the same direction (harmony). In reality this is not always possible because the shorter time frames are turning first followed by the next longest and finally the next longest. When all 3 time frames ARE moving in the same direction we have a ticket to FAT CITY; in other words a strong trend.

Because of the disparity in time frame candles, the Worker will turn first which will then turn the Boss which finally will turn the Big Boss. Do not think this is opposite to PASR strategy. The Worker can, and does, turn many times without turning the Boss. Remember, there are 5 or 6 Worker candles in 1 Boss candle. Similarly, the Boss can, and does, turn many times without turning the Big Boss (4 Boss candles in 1 Big Boss candle). This is the ranging and corrective nature of the Market.

NOW, when the Worker turns the Boss which turns the Big Boss that is when we LOAD UP. You probably think that does not happen much so think again. The Boss and Big Boss can both be moving in the same direction BUT the Worker can, and often does, move in the opposite direction. This is what PASR traders WAIT for. That Worker move against the Boss and Big Boss is just a corrective move so WHEN the Worker turns around with PASR into the Boss and Big Boss direction we get on board.

Does this help or has it confused you more?
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,792
  • Mar 4, 2018 6:54pm Mar 4, 2018 6:54pm
PASR

Quoting samsonwebdes
{quote} Read anď understood Strat. I'm trying to be consistently profitable but on too short a timeframe. It's the doubt of being right at this stage I think. Going to read everything glider sent me this week. I've just looked at some of the daily trades and hourlies I've taken in the last few weeks and dragged them onto my chart. Incredible amount of pips on the table. Plan the trade and trade the plan. If I'd have held some of my dailies for another week I'd have been 5:1 on many of them. Monthly p&l for me from now on and I'm not going to...
I'll wait for price action or my ???????? to to get me out.

What will get you out samson....Delilah?
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,793
  • Mar 4, 2018 6:55pm Mar 4, 2018 6:55pm
https://www.forexfactory.com/attachm...1&d=15202115821. First pasr where three legs of the shadow are up and in harmony. Buob took rising boss and daily as well as 0.6973 support line.
2. Bueb of doji the day before Christmas. no trading on Christmas.
3. Buob and took support at 0.7065.
4. Buob and support at 0.7161.
5. Bar wick is rejected by 2 Resistance lines as are the next 3 bars. Close to Dr Joe's get out BUT Daily Shadow still up.
6. Bar wick is rejected by 2 higher resistance lines. The next 3 bars are showing rejection of 0.7361 line.
7. Daily shadow turns down signifying exit.

https://www.forexfactory.com/attachm...1&d=1520209393
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-03-04_1612_001.png Size: 42 KB
  • #2,794
  • Mar 4, 2018 7:05pm Mar 4, 2018 7:05pm
Quoting HappyTrend
{quote} Good, thank you. I was thinking that "OK" was just a (i dont care about it...) or something like that haha. I "invest" my weekend in study, and this week im going to trade only H1 H4 D1 W1 Dow jones, with entries in H1 and H4, trying to manage it between H4 and D1. USDMXN H4 D1 W1 M1 And im thinking to start trading EURJPY too H1 H4 D1 W1 (I think this pair is not too slow and not too fast like Dow Jones) but im not sure about to add an extra pair.. because im not used to trade with different pairs but in my study i see that it can be posible.....
This system can be tradeable in all timeframe charts, but lower TF is more complicate because the space between the swings are more small... and is more faster to take a decision.

PASR can be traded on any time frame from ticks to multi-year. You must not have read my M1 Boot Camp where I traded M1 live.

Your Daily Candle at what time close?

My candles and all PASR traders' candles CLOSE at 5pm New York (EST)
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,795
  • Mar 4, 2018 7:18pm Mar 4, 2018 7:18pm
PASR

Quoting Frank0
{image}1. First pasr where three legs of the shadow are up and in harmony. Buob took rising boss and daily as well as 0.6973 support line. 2. Bueb of doji the day before Christmas. no trading on Christmas. 3. Buob and took support at 0.7065. 4. Buob and support at 0.7161. 5. Bar wick is rejected by 2 Resistance lines as are the next 3 bars. Close to Dr Joe's get out BUT Daily Shadow still up. 6. Bar wick is rejected by 2 higher resistance lines. The next 3 bars are showing rejection of 0.7361 line. 7. Daily shadow turns down signifying exit. https://www.forexfactory.com/attachm...1&d=1520209393...
Very disappointing and you were doing so good!

PASR DOES NOT NEED OR TRADE INDICATORS

PASR does NOT need YOUR Weekly Pivot or Gann Hi Lo whatever that crap is. Nor does it need that strength or trend indicator or whatever that crap is.

Attached Image (click to enlarge)
Click to Enlarge Name: 2018-03-04_1612_001.png Size: 48 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,796
  • Mar 4, 2018 7:55pm Mar 4, 2018 7:55pm
Quoting strat
{quote} This system can be tradeable in all timeframe charts, but lower TF is more complicate because the space between the swings are more small... and is more faster to take a decision. PASR can be traded on any time frame from ticks to multi-year. You must not have read my M1 Boot Camp where I traded M1 live. Your Daily Candle at what time close? My candles and all PASR traders' candles CLOSE at 5pm New York (EST)

Yes i read it... in fact the first thing that i did when i register in here was read everything in here and after i read everything in the Old Thread.

And i remember in that boot camp u trade M1 Live profitable. And are members that trade lower TF and are Profitable... I mean about my last post is about the D1 W1 M1 is because u have a lot of time and we are just trading the candles in PASR. U dont need to spend all the time watching the charts how is closing every candle... If in D1 the entry is correct, now u just wait for the next S/R for take profit or after the 1:1 RR, if before the next S/R we see the little boys doing a weird candle, put in Breakeven, that im right?

I start loving more trading higher timeframes. I just im not comfortable trading more currencies... maybe after the next weeks that im studyng and trading more PSAR.
  • #2,797
  • Mar 4, 2018 8:10pm Mar 4, 2018 8:10pm
PASR

Quoting HappyTrend
{quote} Yes i read it... in fact the first thing that i did when i register in here was read everything in here and after i read everything in the Old Thread. And i remember in that boot camp u trade M1 Live profitable. And are members that trade lower TF and are Profitable... I mean about my last post is about the D1 W1 M1 is because u have a lot of time and we are just trading the candles in PASR. U dont need to spend all the time watching the charts how is closing every candle... If in D1 the entry is correct, now u just wait for the next S/R...
if before the next S/R we see the little boys doing a weird candle, put in Breakeven, that im right?

No. We Trade our Plan. If there is some adverse news or geopolitical event or natural disaster we then re-assess our PLAN and decide the next action based on where PRICE is at the time of the event.
15 YEARS OF PASR ON FOREX FACTORY!
  • #2,798
  • Mar 4, 2018 8:16pm Mar 4, 2018 8:16pm
Quoting strat
PASR {quote} See my post to Rub, Post 2784 - does this help? If not, please advise Strat, please pardon this stupid student of yours There's no need to pardon Rub, he is already pardoned!
Strat, thanks so much for the detail explanation. It really solved my problem.

By the way, I don't refer Rub as stupid but me.
  • #2,799
  • Mar 4, 2018 8:53pm Mar 4, 2018 8:53pm
Strat.


Somewhere on one of your 2 threads you have a hand bill of Buddy Holly's where he was playing Clear Lake Iowa.
Shortly before I was drafted in 1950, I worked Clear Lake with the Chuck Eddy Band. We came out of Minneapolis one
man short in the sax section. Our pickup man came to us in a wheelchair. Not really an inspirering
sight. I walked out on the bandstand and was confronted with largest room we had played. Thinking about our "new" section
and the sound they had to create was a little scary. I played at the piano my tuneup fsharp and could believe what I got back.
That note went clear to the other side of the room with absolutely no reverb. In short. the best acustics I ever encounter.
What a pleasure that night was.

Now....You chastised me for pasr not needing any indicators. I agree. You outlined a blue line in red as not being part of pasr. That's true.
It is part of the shadow. It's a 5 ma of the big boss. Your students call it a 72 line. I was checking something and forgot to take it off.
I can put the 5 ma of the boss on there if you like. It's called a 20ma.

I'm sorry you were upset enough to not respond to any of the statements I made concerning harmony and various entries
on that NU chart.

I take my leave partner. I wish you well and good surf.
  • #2,800
  • Mar 4, 2018 9:02pm Mar 4, 2018 9:02pm
Quoting Corinna
{quote} Strat, thanks so much for the detail explanation. It really solved my problem. By the way, I don't refer Rub as stupid but me.
By the way, I don't refer Rub as stupid but me.

I know, I was just giving Rub a hard time!
15 YEARS OF PASR ON FOREX FACTORY!
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