This is a relatively slow day, you may want to spend an hour on this MUST WATCH interview of Marc Douglas.
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MY PASR journey Based on Strat's PASR Trading 76 replies
M5 PASR Trend Trading Strat 95 replies
My PASR Trend Trading Journals 3 replies
A young trader's road to profitability - PASR trading - Live 11 replies
Fibs trading and PASR 0 replies
Disliked{quote} I came across this while I was looking for the book. It doesn't replace it but could help others along the way. The teachings are very similar to what Strat has been saying for years... I put in red what resonated with me "I just finished reading the book “What I learned losing a million Dollars” by Jim Paul and while reading it, I couldn’t stop making annotations...Ignored
DislikedThis is a relatively slow day, you may want to spend an hour on this MUST WATCH interview of Marc Douglas. https://youtu.be/GhKJ9P3agRcIgnored
Disliked{quote} Hello Strat, please dont Laugh but i dont know where to take profit. In my head are: *TP to the next Resistance/Support *TP in the first signal of sellers or buyers (hammers, SS at Support or Resistance) Just thinking in more.... Please dont laugh haha.Ignored
Disliked{quote} No body was saying indicators do not work. They helped in our trading in a certain way. Otherwise, they won't be around for so long. Only that they are lagging. We here had gone through the Indicators Forest for many years and got lost. Finally we landed in this simple and peaceful garden. Strat is very a knowledgeable and non-selfish person. He just wants to teach us the simple and short cut way so that we can be as successful as he. What we need to do is to put in our hard work. If you can't bear this teacher's way of leading us, you don't...Ignored
Disliked{quote} i dont know where to take profit This confirms you are trading without a PLAN. How do you know what your RISK to REWARD is if you don't know where to take profit? Your take profit MUST be determined at the same time as you PLAN your entry.Ignored
Disliked{quote} The book is brutality honest. I will have to dust it off and read it again. “There is more to be learned from Jim Paul’s true story of failure than from a stack of books promising to reveal the secret formula for success…this compact volume is filled with a wealth of trading wisdom and insights.” – Jack Schwager, I like reading about traders and psychology. Not so much books on how to trade.Ignored
DislikedAUD/NZD Trade I entered a new daily trade this morning on this pair. This is a risky trade as it is counter trend so I have a tight stop under the low of yesterdays BUEB. Only a small position (half my normal size) to see what price does. If we put in a higher high I will look to add to the position on the next higher low with price action. BB - Has been in a downtrend for the last 4 months and closed below the strat shadow last month. This makes me cautious about the trade and as I have mentioned this is counter trend. The big boss has put in higher...Ignored
DislikedAUDNZD {quote} This looks like a trade for you to gain experience with PASR and counter trend trades. You have identified the RISK and taken the correct steps on Money Management so enjoy your ride. I think your target of 108.2000 is very ambitious as I SEE a lot of consolidation around where PRICE is now but what do I know, I was never overall profitable with counter trend trades. Counter trend trading on the higher time frames requires you to be very nimble and flexible and grab your profits as soon as they appear. You can't sit there ""HOPING""...Ignored
Disliked{quote} Thanks Strat. I understand I'm staring down a freight train hurtling towards me and will definitely be jumping out the way if it doesn't stop! Thanks for pointing out the consolidation on H4. Not thought of looking there. Must use my H4 charts more in future but trying not to overcomplicate PASR at the moment and concentrating only on daily, weekly and monthly. Noted about in and out quick. Only have a small position so not much profit to take with a partial. Will look for 100 pips maybe and assuming I'm in profit at close today possibly...Ignored
DislikedPASR {quote} Must use my H4 charts more in future Don't go crazy with this! There are only two ways we want to use H4 in our Long Term, Stress Free Trading. When you are trading WITH THE TREND and identify a trade on the Worker, you may get a better R:R by dropping down to H4 for your entry and stop level. Then when the trade is triggered, manage it on the Worker. If you manage it on H4 then you are trading H4 and NOT the Worker. When you are trading AGAINST THE TREND from a trade identified on the Worker, drop down to H4 for entry and stop level...Ignored
DislikedEURCAD 1st two entries were from yesterday based on 15 min and today's 2 entries were using 1 hr. Just closed because of upcoming FOMC and it's tea time and we are at support..... {image}Ignored
DislikedEURCAD {quote} Just closed because of upcoming FOMC and it's tea time and we are at support Excellent use of confluence, BTS! Surprised you didn't also trade EURAUD which ran in parallel.Ignored
DislikedEURUSD M5 PASR Trend Trading: LIVE at the MOVING HARD RIGHT EDGE, where the Strat Shadow is showing TOOTH BLADE STRUCTURE......... Happy Trading, Yomi. {image}Ignored
DislikedM5 PASR Trend Trading {quote} We missed your pips today, Yomi - did you take a day off so that others could get them instead?Ignored
DislikedAUDNZD {quote} This looks like a trade for you to gain experience with PASR and counter trend trades. You have identified the RISK and taken the correct steps on Money Management so enjoy your ride. I think your target of 108.2000 is very ambitious as I SEE a lot of consolidation around where PRICE is now but what do I know, I was never overall profitable with counter trend trades. Counter trend trading on the higher time frames requires you to be very nimble and flexible and grab your profits as soon as they appear. You can't sit there ""HOPING""...Ignored