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  • #5,361
  • Jun 7, 2018 4:25am Jun 7, 2018 4:25am
Quoting Tabary
Hello and thank you very much to Mr strat for sharing this remarkable pa i have try searching and watching so many video on youtube for price action, and attend some free webminar, but i still have a hard time doing the PA trading. (maybe because it's free, not all of the information are given, because in the end of every seminar, always end up with add's for joining a premium course >.<) after finish reading the pdf on post 1, it snap to my head that placing the SR indicator is not as simple as it is... i think it took thousand of practice and...
Hello welcome.
To begin, immediately stop the muti tread ...
Because you will never progress.
You will go round in circles.
Lose your time and energy.
Instead of focusing on reading and learning here.

I did it initially ...
Big mistake on my part.
I lost a lot of time for nothing.
Fortunately people here have made me understand.
Since I focus only here, I feel that I am making a lot of progress.

Read a lot about the old topic and the new one.

Regarding the M5 PASR trading strategy:
https://www.forexfactory.com/showthr...0#post11064230
https://www.forexfactory.com/showthr...6#post10778936
See also all the images of Strat and fxrabbi (Yomi) + darko2010. They are great.
Sorry for my poor language (I'm french ^^)
  • #5,362
  • Jun 7, 2018 9:42am Jun 7, 2018 9:42am
M5 PASR Trend Trading

Quoting fleurdelys
Thank you very much for this valuable comment. "I can see that you are trying to develop your M5 PASR Trend Trading style" Yes I am looking for my trading style (complex) "I dare bet this is because you are scared of missing a trade" I am rather of a patiente and calm nature. I do not think it's for fear of missing a trade. Here is my way of working (thank you for telling me if I have to correct myself) 1-In the morning, before the opening, I like to analyze the strength of currencies. 2-I also look at the calendar. 3-I take it in my head to take...
Bon matin, Fleur.

I am rather of a patiente and calm nature.
I do not think it's for fear of missing a trade.

You may want to re-visit this as it is in conflict with what you posted

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No matter how DISCIPLINED we "think" we are, our emotions (Greed and Fear) are always first in line when it comes to trading, especially the first trade of the day. It happens to all of us so just be aware of it.

Here is my way of working
1-In the morning, before the opening, I like to analyze the strength of currencies.
2-I also look at the calendar.
3-I take it in my head to take only 1-2 max trades per day (I do not want to spend my day in front of my screen).
4-The ideal would be to trade only the London session.
5-After opening londre I analyze the reaction of currencies up to H + 1
6-From H + 1, if I see the criteria of your method OK, with a nice ratio possible, I open the trade with actually always my small SL

This is very good but I don't see anywhere in there where you check for, and add, H1 & H4 support and resistance levels.

I open the trade with actually always my small SL

As I have posted many times, this was the key component in developing my M5 PASR Trend Trading strategy. Not many on here have REALLY understood this so you may be paving the way for others to learn from you.

What I found was that when PRICE was nearing the end of its pull back against the TREND (Strat Shadow), it almost always ended in a small doji or some sort of small range bar. This meant I could load up on my position size with only a few pips stop loss and my RISK still be less than 1% of my account. This, in itself, has proven to be the best filter I have ever come across in all my years of trading.

For me, if my entry means I need a large stop loss then I know "something" is not right and WAIT for a better small stop loss entry. Yes, many times it means I miss out on a good trade but the bottom line is I have NOT lost any of my trading capital (Rule #1). Remember, it is better to be out of a trade wishing you were in, than being in a trade wishing you were out!

See the blue rectangles for examples.

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I think you understand this very well but if you don't, ask and I will explain again.

What is more of a worry is your lack of understanding of PASR. Had you really understood PASR, you would have known to GET OUT on the next candle after your entry which would have saved you many pips. Make sure you understand PASR.

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Keep on developing ""YOUR"" trading style but make sure your monthly account growth is positive (+) %. If you need any help to refine "YOUR" trading style then we are here to help.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,363
  • Jun 7, 2018 9:50am Jun 7, 2018 9:50am
PASR

Quoting catalin_eros
{quote} It is the Strat shadow, but with different colors. Watch out, because Stat doesn't like when someone is looking for shortcuts. If you catch him in a good mood today, you may be lucky and not get banned. He expects people to read the whole thread before asking such questions. Keep that in mind for the future, and pray he is going to be in a good mood today.
If you catch him in a good mood

pray he is going to be in a good mood

Alas, Romanian Playboy, your perception is far worse than your trading skills.

My ""mood"" has nothing to do with it! Others on here know that I have a very successful teaching style with metrics for determining the potential of ""wannabe traders"".
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,364
  • Jun 7, 2018 11:11am Jun 7, 2018 11:11am
Quoting darko2010
Strat's M5 PASR Trading Guys, if you really understand the genius of Strat's M5 strategy, he has given you the golden ticket to Fat City every time. However, you MUST understand how he came up with that, why price reacts the way it does under certain conditions, and not jump at every remarkable candle. The shadow is not an indicator, don't use it as such. It can be of great help sometimes but PRICE is all you need. Anything else is an artificial construct that the market doesn't care about.

Hi

Are you convinced that you were not spoonfeeded after Strat had said that he will make you a trader....

Now seriously. I like to compare my progress with you as we both join this forum about at same time. In this point of view my congratulations to you, as you start with same questions that I had, and now you give advice to others

As I did not have a clue what PA or PASR is, I had to do this homewor first. Not that I am saying that I now it now, but from my point of view I can say, that I at least now basics.

So I was thinking about you post on strat shadow. To many times I read that it is of big importance to now what price is doing around and in strat shadow to not to pay attention to this . Second big question is why Strat put strat shadow on his chart and most important in my point of view why he named it start SHADOW. Because without knowing how to use strat shadow, it is just couple of EMA's.

Are this the right questions?

I'm thinking that I'm slowly approaching to big answer. But hey, my goal is to learn it till y 2022 .



With regards
  • #5,365
  • Jun 7, 2018 11:27am Jun 7, 2018 11:27am
Quoting sseti
{quote} Hi Are you convinced that you were not spoonfeeded after Strat had said that he will make you a trader.... Now seriously. I like to compare my progress with you as we both join this forum about at same time. In this point of view my congratulations to you, as you start with same questions that I had, and now you give advice to others As I did not have a clue what PA or PASR is, I had to do this homewor first. Not that I am saying that I now it now, but from my point of view I can say, that I at least now basics. So I was...
I will try to answer what I think I understood

Are you convinced that you were not spoonfeeded after Strat had said that he will make you a trader?

Strat is very generous with his time as shown everyday here, but he only invests it with people to help themselves first. So, no, I wasn't spoonfed, except by getting my ass kicked when needed if there is such a way to spoonfeed

To many times I read that it is of big importance to now what price is doing around and in strat shadow to not to pay attention to this

If you are implying that I recommend not to pay attention to the shadow, you are mistaken. The shadow is central to what I do BUT its real power comes from understanding it and putting it in context with PRICE ACTION, which is the key element you need to understand. I just said not to use it as if it were an indicator, i.e. buy/sell signals. Big difference.

Second big question is why Strat put strat shadow on his chart and most important in my point of view why he named it start SHADOW. Because without knowing how to use strat shadow, it is just couple of EMA's

I never asked Strat about the name "shadow" but I believe I understood it by myself. I hope you will too some day. It is a couple of MA's the same way your brain is a bunch of neurones. Yet I am sure you can do wonders with it. These are not random MAs and if you look at enough charts for enough time, you will understand how the shadow is a unique ally.

My advice is to keep practicing, Sseti . It is a long and mostly lonely road, but the journey is worth it if you are doing it for the right reasons. Don't hesitate to post your trades, there is no ego here, just a bunch of traders helping other traders.

Best
  • #5,366
  • Jun 7, 2018 11:44am Jun 7, 2018 11:44am
Quoting darko2010
{quote} I will try to answer what I think I understood Are you convinced that you were not spoonfeeded after Strat had said that he will make you a trader? Strat is very generous with his time as shown everyday here, but he only invests it with people to help themselves first. So, no, I wasn't spoonfed, except by getting my ass kicked when needed if there is such a way to spoonfeed To many times I read that it is of big importance to now what price is doing around and in strat shadow to not to pay attention to this If you are implying that I recommend...

Hi, and thanks for answering.
About spoonfed I was yoking, as by now I now that Strat would not do this, and serious trader or student would not ask him.

About all other answers I agree with your statements and in all my post was meant to be anderstood that way.

Thanks again to charts and backtesting new "bulb" that comes on this days

With regards
  • #5,367
  • Jun 7, 2018 1:25pm Jun 7, 2018 1:25pm
NZDCAD

Random analysis

Big Boss :
Ranging between 0.875 & 0.958
In an up move this month after a big hammer at 0.90 zone last month

Attached Image (click to enlarge)
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Boss :
Up for 4 weeks, hammer at 0.885 sup/resist zone is confirmed swing low
Price is now between 0.90 support & 0.92 resistance

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Worker :
Up trend
May be there was an opportunity to enter long at 0.90 zone, daily resistance becoming support BUEB

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  • #5,368
  • Jun 7, 2018 5:41pm Jun 7, 2018 5:41pm
NZDCAD

Quoting Bestof27
NZDCAD Random analysis Big Boss : Ranging between 0.875 & 0.958 In an up move this month after a big hammer at 0.90 zone last month {image} Boss : Up for 4 weeks, hammer at 0.885 sup/resist zone is confirmed swing low Price is now between 0.90 support & 0.92 resistance {image} Worker : Up trend May be there was an opportunity to enter long at 0.90 zone, daily resistance becoming support BUEB {image}
Good Bof27 but I still see you are riding bare back without protection (of the Strat Shadow!)

You could have entered long at 0.8930 on May 21 or May 24 on H4
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,369
  • Jun 7, 2018 8:44pm Jun 7, 2018 8:44pm
Thought I would share something here that has helped me out.

In the past I had a tendency to way over analyze the charts. Draw trendlines, support and resistance, supply and demand, Fibonacci and 2 or 3 moving averages then try to make heads or tails of the mess and place trades.

I don't know why it is human nature to over complicate things. Trading exasperates this piece of human nature. We will do all we can to understand the markets, reading and studying everything we get our hands on; but to what end? The writers of the books or the sellers of the latest whiz-bang indicator are the only ones turning the profit.

So what is the key then.

To me #1 is to simplify everything... Your life, your mind, the charts everything including your desk.

Now to quote the great philosopher Yogi Berra

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Trading is no less than then 90%mental as well. So we spend more time understanding ourselves then the market. Nobody will ever completely understand the market, it is impossible. But we can understand ourselves and how we react to the market.

So we trade demo accounts. See some good results then go live. To quote Yogi Berra again...

Attached Image


Our brain gets in the way.

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At some point we quit over analyzing things and just swing the bat...take the trade.

It's baseball season and was thinking about Yogi Berra today. He was not only one of the greatest baseball players, was also a great coach, and a great man.

So to some up my baseball and trading ramblings. In order to hit the ball you need to step-up to the plate and swing the bat, you can't do that if you are drawing lines and squiggles all over your chart. See the trade and take it.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,370
  • Jun 7, 2018 8:55pm Jun 7, 2018 8:55pm
hi strat.

a silent lurker here

new to trading (please don't ignore me )

very nice and well organized info.

for now i'm learning davit's pivots method, i think i will stick to it for the moment,

when i get more advanced, maybe i'll come back here.

thank you
  • #5,371
  • Jun 8, 2018 1:55am Jun 8, 2018 1:55am
I have been testing the 5M version and I have to admit that is too stressful for me. So I will change my focus to higher time frames like
1H/4H/1D.

The 113 pips trade under is taken on the 1H timeframe.


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Paal
  • #5,372
  • Jun 8, 2018 1:55am Jun 8, 2018 1:55am
Quoting strat
M5 PASR Trend Trading {quote} Bon matin, Fleur. I am rather of a patiente and calm nature. I do not think it's for fear of missing a trade. You may want to re-visit this as it is in conflict with what you posted {image} No matter how DISCIPLINED we "think" we are, our emotions (Greed and Fear) are always first in line when it comes to trading, especially the first trade of the day. It happens to all of us so just be aware of it. Here is my way of working 1-In the morning, before the opening, I like to analyze the strength of currencies. 2-I also...
Good morning,

I can not translate the nuance correctly. between calm nature in global and impatient not to want to stay the day in front of his screens.
I understand that my reasoning can undermine my trading.
I do not know if I can correctly explain myself! In short, yes it is absolutely necessary that I pay attention to my phycological bias.

You are absolutely right! I forgot to say that I traced my resistor supports on H1 and H4 ... (I think I have a lot of trouble with that!)
Before the opening of London, I pass all the pairs to trace the supports and resitances.
I start H4 then H1.
I take a quick look at M15
But I have a lot of trouble, because sometimes I can not find anything or sometimes I find it full!
Often I say to myself "why put this resitance here, because 5 pips down there can also place ... and another 10 pips plus" ... etc etc
I always had a hard time understanding how to draw the lines.
I have read a lot here, though.
In theory, it sounds simple, understandably coherent
In practice, (for me), it's the most difficult thing (with the selection of the best pair to start trading if there are signs)

Regarding this trade, I totally understand my mistake.
Indeed, I had seen that candle you marked.
I wanted at least to have at least a 1 ratio to put it in BE. (a few more pips)
I was totally wrong because we have
1- this mini resistance (?) To 1.173
2- confirmed with this candle, which you mark on your graphic ...
and 3-we were high up !

Thank you very much for your graph! Excellent. Great help.
I understand better with this my mistake!
Very nice explanation that will help me in the future!


What I found was that when PRICE was nearing the end of its pull back against the TREND (Strat Shadow), it almost always ended in a small doji or some sort of small range bar. This meant I could load up on my position size with only a few pips stop loss and my RISK still be less than 1% of my account. This, in itself, has proven to be the best filter I have ever come across in all my years of trading.

It's really very very interesting.
I will read it very often!
I tried to do a calculation, to see the power of managing its risk ....
With 15 trades a month, an average ratio of 3, a risk of 1% per trade .... and only 40% success ....
Well we win at the end of the month almost + 10% on capital!
Perhaps, the higher the ratio, the lower the success rate. But 40% seems very largely fesable with your method.
And even if we had a ratio 2 .... with only 40% of success we gain + 3% at the end of the month !!
Theoretical calculations, but which demonstrate the power of risk management. And with your method I am sure to get further than this!
This week I was able to realize + 5% only 3-4 trades (of souvenir) .... and with errors ... !!

Attached File(s)
File Type: xlsx risk.xlsx   10 KB | 481 downloads
  • #5,373
  • Jun 8, 2018 2:02am Jun 8, 2018 2:02am
Quoting Pivot-Trader
hi strat. a silent lurker here new to trading (please don't ignore me ) very nice and well organized info. for now i'm learning davit's pivots method, i think i will stick to it for the moment, when i get more advanced, maybe i'll come back here. thank you
Maybe I'm not translating your message ... But we do not need to be advanced to start learning here!
On the contrary it's better to be a beginner in the markets and start (and then stay) directly here.
You have a very complete methodology here, whose creator has many years of experience ....
  • #5,374
  • Jun 8, 2018 3:34am Jun 8, 2018 3:34am
I once had a boss who was all powerful but slow as hell. He was street smart and ruthless.
Every time I would come to him with a clear opportunity to make money, he would put the idea on his desk and ignore it for days only to finally consider it when I was about to abandon the idea altogether and force his way into getting it done internally.

I finally learned to manage him and, more importantly, learned to move according to his pace, not mine. Not only was I getting the same result, but I was no longer getting angry for things not going at my pace.

Life is an eternal circle...
  • #5,375
  • Jun 8, 2018 3:42am Jun 8, 2018 3:42am
Quoting Pivot-Trader
hi strat. a silent lurker here new to trading (please don't ignore me ) very nice and well organized info. for now i'm learning davit's pivots method, i think i will stick to it for the moment, when i get more advanced, maybe i'll come back here. thank you
Always welcome here, but know this:
Strat inspired a lot of things used in the TMS thread
The TMS thread inspired a lot of Davit's pivot method

Go for the source, that's what I did
  • #5,376
  • Jun 8, 2018 4:05am Jun 8, 2018 4:05am
Quoting strat
{quote} I would like to start contributing to this amazing family of progressive traders if Strat let me This is the same as you posted on all the other threads you were ""Thread Hopping"". How long will you last on here before you ""Thread Hop"" again in search of the Holy Grail?
I do not thread hop anymore, went on your path of learning 2 months ago, read whole new thread, now digging in old thread every day, trying to recognize, memorize and learning PASR,it made no sense to start replying to questions of the others and try to help or give my hindsight here because I have no idea about PASR, now it is better at least basic (time will show).

I donīt know why I expected fast get rich scheme in trading, because I am okay with hard work in real life, so I should have expected it in trading too (maybe promisses everywhere about get rich scheme made it), now I do not trust in shortcuts anymore.

I donīt trust in magic holy grail indicator anymore.
I believe in myself in trading same way as I believe in myself in standard life, so that is what should I do in the beginning.As you said "Holy grail is the man in the mirror"

Thank you for your time and answer
MH
  • #5,377
  • Edited 6:42am Jun 8, 2018 5:22am | Edited 6:42am
Quoting strat
NZDCAD {quote} Good Bof27 but I still see you are riding bare back without protection (of the Strat Shadow!) You could have entered long at 0.8930 on May 21 or May 24 on H4
Hi Strat,

I knew you would tell me about Strat Shadow one day or another...
It is true that I don't use it (hide it on Big Boss and Boss because I had difficulties to see support & resistance with the colored shadow). But it is the next step for me on the PATH !

I m a bit confused about Strat Shadow. It is not clear enough for me to explain why in French, so I don't know if it ll make sense in English...

What I see is that Strat Shadow can act as Support or Resistance in trending conditions (this is the most obvious when I look at charts).
I don't know if I can or how I can exploit Strat Shadow on the Big Boss and on The Boss, do I have to consider SS boundaries as support or resistance so potential reaction points in all conditions or only when there is a trend and when I see that price has reacted at Strat Shadow vicinity earlier in the trend.

As a trade signal on the worker or H4, do I have to wait for the Strat Shadow once resistance become support with PA on one boundary (price inside Strat Shadow) or outside (price has crossed the 2 boundaries)... May be I have to read more and again about Strat Shadow or practice M5 trading.

My understanding on NZDCAD H4 for example

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  • #5,378
  • Jun 8, 2018 8:28am Jun 8, 2018 8:28am
Beautiful day ! (not the weather )
There were great opportunities.
I left early GBP JPY because mini resistance (circle) but good ratio average . I think this time my exit is more correct.
Later another trade, and this time Ratio 4 !!
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Thank you good weekend everyone.
  • #5,379
  • Jun 8, 2018 9:11am Jun 8, 2018 9:11am
Quoting fleurdelys
Beautiful day ! (not the weather ) There were great opportunities. I left early GBP JPY because mini resistance (circle) but good ratio average . I think this time my exit is more correct. Later another trade, and this time Ratio 4 !! {image} {image} Thank you good weekend everyone.
Well done, good trades, keep these up our Lady.
Time always comes before price
  • #5,380
  • Edited 10:55am Jun 8, 2018 9:43am | Edited 10:55am
Time Frames

Quoting kirinda
I have been testing the 5M version and I have to admit that is too stressful for me. So I will change my focus to higher time frames like 1H/4H/1D. The 113 pips trade under is taken on the 1H timeframe. {image} Paal
Somewhere in my "old" original thread I wrote several posts about Time Frames and the importance of finding ""YOUR"" time frame. Just about all new "wannabe" traders focus on trying to find the strategy, system, signals, black box etc., - that which will make them rich beyond their wildest dreams. They do this, not UNDERSTANDING that their mental, trading personality, is that which will decide their trading fate. We, the traders, are all unique and different, but with the same Market challenges meaning that what is a success for one is destruction for another.

Long story short, before we can expect any success, we have to look inside ourselves and FIND what makes us ""tick"". The Time Frame YOUR trading brain functions best at is what you should trade - NOT the time frame others trade. You are right to experiment to find "YOUR" time frame without the influence of others. This is another reason why we need to spend thousands of hours studying thousand of charts.

One of the reasons I posted my M5 PASR Trend Trading strategy was to help accelerate the PASR learning process for those on The Path.

Keep your ""time frame"" mind open and you will find that "YOUR" time frame chooses YOU - not the other way round as 99.999999% of those on public trading Forums do.
15 YEARS OF PASR ON FOREX FACTORY!
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