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Strat's PASR Long Term, Stress Free Trading

  • #5,381
  • Jun 8, 2018 9:48am Jun 8, 2018 9:48am
PASR

Quoting Mhons
{quote} 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 promises everywhere...
Good words but it is the action which counts meaning we are here to help but your success is 100% dependent on YOU and how you apply what you will learn on here.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,382
  • Edited 10:57am Jun 8, 2018 10:15am | Edited 10:57am
PASR

Quoting Bestof27
{quote} 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)....
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)

This is because you have a ""CLOSED"" trading mind as to what the Strat Shadow is and what it does for us in PASR. It provides far more than support and resistance" which is why you must ""OPEN"" your trading mind.

I have posted before that even though I developed the Strat Shadow all those years ago, I am STILL amazed, and LEARNING each day, of the Power and Potential it has. I could write a book on it and know that it would not be complete.

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).

That is only ONE of the many uses of it - ""OPEN"" your trading mind and take your blinkers off to see the potential.

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.

Remember, you are very early on The Path - maybe you are trying too hard to put 3 years' experience into 3 months. It also seems to me you have yet to grasp what we use the Big Boss for so go back and find and study all those posts - remember, the Big Boss is the BIG PICTURE - our birds eye view from 50,000 feet - it is not our trading chart.

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)...

I could explain this to you as I have others who, along with me, trade this way but I WILL NOT. You will learn nothing from me if I spoon feed you this so keep progressing on The Path and spend thousands of hours studying thousands of charts. I promise you that you will LEARN more from this than me spoon feeding you.

Again, you are progressing very well.........at your pace. Do not be in a hurry to grasp ALL the concepts of PASR as that is impossible and has taken me 20+ years to get where I am at.

You are beginning to remind me of your French compatriot, darko, and look where he is now. Keep on DOING and ASKING and don't let the bumps and curves on The Path put you off.

Make sure you are in the 50% to 90% in the Pyramid Learning chart below and you will join us in the Circle of Consistently Profitable Traders.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,383
  • Jun 8, 2018 10:28am Jun 8, 2018 10:28am
Quoting strat
PASR {quote} You are beginning to remind me of your French compatriot, darko, and look where he is now. {image}
I think he does a better job than me though.
  • #5,384
  • Edited 11:30am Jun 8, 2018 10:48am | Edited 11:30am
M5 PASR Trend Trading

Quoting fleurdelys
{quote} 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...
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.

Fleur, try not to make something so simple, complicated. Like I used to instruct trainee referees when I was a Referee Instructor "Offside is like being pregnant - you either are or you are not - there are no "ifs", "ands" or "buts". So it is with support and resistance - either it is there and you SEE it, or it is not. Do not try to invent it to suit YOUR "thinking".

Just add your "no nonsense levels" and then FOCUS on PRICE in the M5 TREND.

The more you UNDERSTAND PASR, the more you will be able to RIDE the M5 TREND. Again, spend thousands of hours studying thousands of charts and everything will become clearer.

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)

It is SIMPLE. I know I am biased but I believe my M5 PASR Trend Trading strategy is THE SIMPLEST and most CONSISTENTLY PROFITABLE strategy ever developed. Yes, it is SIMPLE, but not easy. Go back to when you were learning to walk. Go back to when you were learning to read. These are SIMPLE tasks but difficult to perfect. We make them easy by PRACTICING and DOING. The more you PRACTICE and DO, the better you become. YOUR success is in YOUR hands and rests on how much YOU put into it.

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 !

You were wrong because you were THINKING! Thinking when you are in a trade is the worst thing you can do and is an invitation to your Little People to come out and party. After you have made your PLAN and entered your trade, RELAX and let PASR tell you what to do. When you see PASR, do what you UNDERSTAND it is telling you - DON"T THINK - JUST DO IT!

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 feasible 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 !!

Now this is where the discussion on trading styles comes in. Your M5 trading style is 40% whereas doing my way is more than double that. We will discuss this in detail later.

This week I was able to realize + 5% only 3-4 trades (of souvenir) .... and with errors ... !!

Don't measure weekly performance, forget it. Instead, base your performance on the MONTH.

Doing good, notre Dame Fleur des pépins!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,385
  • Jun 8, 2018 10:56am Jun 8, 2018 10:56am
Hi All and Strat,

Just like every new person going to introduce myself. Strat, will go back and forth between this thread and the original one. Your trading method matches what I am trying to master and I am pickup on two key aspects: psychology and how to understand the SR levels better. Will begin posting charts soon. If the posts seem to be something I should have picked up on the threads, let me know and I will adjust accordingly.

Take care and Happy Friday!
  • #5,386
  • Jun 8, 2018 12:24pm Jun 8, 2018 12:24pm
To quote Yogi Berra again... {image} Our brain gets in the way. {image} At some point we quit over analyzing things and just swing the bat...take the trade.

Rufus, Your Yogi Berra quotes were hilarious! But more than being funny they are also meaningful. Keep it simple and just do the job and do it well.

Thanks Rufus


Krek
  • #5,387
  • Jun 8, 2018 12:54pm Jun 8, 2018 12:54pm
USDCAD M5 PASR Trend Trading 92 pips

Finally, a few pips for us trading PST session!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,388
  • Jun 9, 2018 10:54pm Jun 9, 2018 10:54pm
Some analysis for this week. I feel like something is brewing...

GBPCAD
BB: Last month saw a bearish close below Strat Shadow. 10 days into June and price is retesting it. Strat Shadow is holding well.
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B: Price closed in WCC again. Seems like Strat Shadow is offering some support which price is hovering around that area. Interesting to note that the high got rejected by 20 and 200ema. With the Strat Shadow tightening, seems like price is getting ready for a swing.
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Worker: With the engulfing candle on the friday's close, one could be tempted to go short for a risky trade. However, for a stress-free trade, I will wait for a break of the WCC.
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  • #5,389
  • Jun 9, 2018 11:04pm Jun 9, 2018 11:04pm
GBPJPY

BB: Price restesting Strat Shadow after May's bearish candle.
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B: Last week: A "Bond Hammer" suggests price wants to go south again.
This week: very nice Shooting Star touching the Strat Shadow and closing below a resistance line. Price still in WCC.
The 2 emas are very close to crossing which indicate a new swing coming soon.
Immediate trend is down(Market structure).
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Worker: Friday's candle looks like a "Bond Hammer", indicating that price could still go down. I will wait for PA around resistance zone, or wait for PA around the break of WCC to enter a trade.
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  • #5,390
  • Jun 10, 2018 3:49am Jun 10, 2018 3:49am
Quoting strat
PASR {quote} Read half of the thread and would like to start demo trading during reading the remaining half. Which thread? So you believe in taking short cuts then? If you were going sky diving and you only read half the manual and instructions, would you still jump? PASR students do not trade on "demo" for the reasons I explained in the half you did not read. They PAPER TRADE Are you sure you are suitable for trading PASR without your beloved indicators and EAs and have you got over your fascination with them? EURJPY H1 and H4 is in down trend...
Spent for another month to read and learn the remaining posts.
Sorry Strat, my lurker comment must made your angry.
After the reading I took my time machine and went back to punch myself, hope you can forgive me.
I should not use demo account as it is manipulated by the broker
H1 H4 trend do nothing with the M5 strategy except the support and resistance.
WCC only used for longer time frame trade but not for M5

With the full reading, I prefer to trade with longer time frame as M5 trading do not fit my living style, so, live to trade but not trade to live.
Although I read and learn, I still feel myself just standing at the beginning of path, not sure my understanding is correct or not,
and still find difficult in analysis with multiple time frames, or no confidence to trust my own support/resistance line.
While I will start to keep practicing by trying to post some analysis here, and I hope there will be a day, I am not just getting help here, but also helping someone else.

Regards,
Brian
  • #5,391
  • Jun 10, 2018 4:10am Jun 10, 2018 4:10am
Quoting MikuSS
GBPJPY BB: Price restesting Strat Shadow after May's bearish candle. {image} B: Last week: A "Bond Hammer" suggests price wants to go south again. This week: very nice Shooting Star touching the Strat Shadow and closing below a resistance line. Price still in WCC. The 2 emas are very close to crossing which indicate a new swing coming soon. Immediate trend is down(Market structure). {image} Worker: Friday's candle looks like a "Bond Hammer", indicating that price could still go down. I will wait for PA around resistance zone, or wait for PA around...
I have quite a few pairs in a WCC, probably waiting for G7 to finish and FOMC later in the week.
  • #5,392
  • Jun 10, 2018 5:28am Jun 10, 2018 5:28am
Quoting Rub
{quote} I have quite a few pairs in a WCC, probably waiting for G7 to finish and FOMC later in the week.
Agree.
GBP very sensitive to news spikes what with G7, Brexit and good old Boris. For example Friday had a superb spike on GBP pairs just after US open.
Looking at GBPJPY it had a strong push down 3 weeks back followed by a very strong rejection of that lower price and last week it made a go at pushing back up and closed up on week before so instead of moving down we could see another try at the week control high again. I think this is a very much wait and see situation for now.
  • #5,393
  • Jun 10, 2018 8:32am Jun 10, 2018 8:32am
Quoting strat
Time Frames {quote} 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...
Strat, good points. Fore me I only wanted to test out 5M. My usual timeframes are 1H/4H. I also want to test daily.
  • #5,394
  • Jun 10, 2018 10:02am Jun 10, 2018 10:02am
Plan for next week
AUDNZD, although is quite a low rank in Strat's volatility list.
BB : pulling back by strat shadow and resistance
B : last week formed a swing high at resistance area, and this week formed a long wick small body candle (what should I name it?)
W : Forming a H - L - LH, while is on shadow and 200EMA support.

Plan: If Worker closed a candle below shadow and 200EMA --> Sell
Otherwise --> do nothing

Any comments (and criticize!) welcome
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  • #5,395
  • Jun 10, 2018 12:28pm Jun 10, 2018 12:28pm
Quoting brian661
Plan for next week AUDNZD, although is quite a low rank in Strat's volatility list. BB : pulling back by strat shadow and resistance B : last week formed a swing high at resistance area, and this week formed a long wick small body candle (what should I name it?) W : Forming a H - L - LH, while is on shadow and 200EMA support. Plan: If Worker closed a candle below shadow and 200EMA --> Sell Otherwise --> do nothing Any comments (and criticize!) welcome {image} {image} {image}
Hi Brian,

I think AUDNZD is directionless. Price wants to go south, but the Strat Shadow is acting as support for all 3 time frames. Furthermore, WCC is still in place.

For now, I stay clear until a clearer direction is given.

If Worker closed a candle below shadow and 200EMA --> Sell
What about the support you drew below the Strat Shadow? Pretend it doesn't exist..?
I try not to draw too many zones as it interfered with my mind a lot. Now I only draw if the zones are obvious from the Big Boss and Boss chart. For worker chart, I just make a mental note of it.
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  • #5,396
  • Jun 10, 2018 9:24pm Jun 10, 2018 9:24pm
Quoting MikuSS
{quote} Hi Brian, I think AUDNZD is directionless. Price wants to go south, but the Strat Shadow is acting as support for all 3 time frames. Furthermore, WCC is still in place. For now, I stay clear until a clearer direction is given. If Worker closed a candle below shadow and 200EMA --> Sell What about the support you drew below the Strat Shadow? Pretend it doesn't exist..? I try not to draw too many zones as it interfered with my mind a lot. Now I only draw if the zones are obvious from the Big Boss and Boss chart. For worker chart, I just make...
Hi Miku and thanks for your comments.
For Boss and Worker, I understand that strat shadow is working as a support, but for Big Boss, do you treat the 20MA as the support too? Even the shadow is in red.

What about the support you drew below the Strat Shadow? Pretend it doesn't exist..?
I try not to draw too many zones as it interfered with my mind a lot. Now I only draw if the zones are obvious from the Big Boss and Boss chart. For worker chart, I just make a mental note of it
I also have the same feeling that with daily time frame's support and resistance, will make the chart too much SR, so I make my decision on BB and B SR.
The support below Strat Shadow is draw from daily chart, as it was tested 3 times, so I draw it as my note (although I forgot to change the color..),
to see do any PA happened at that area.
  • #5,397
  • Jun 11, 2018 3:36am Jun 11, 2018 3:36am
sell GU... PASR and WCC ..... a bit lucky
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  • #5,398
  • Jun 11, 2018 4:44am Jun 11, 2018 4:44am
Internal negotiation

Something that I found interesting in my personal psychology and which could help others.
I sometimes catch myself negotiating internally to convince me to take a trade because the sky is not clear blue and that the trade would have pros and cons. This is generally the sign I shouldn't take the trade and that I am hoping that odds will go in my favor even though the overall probabilities are against me.

Now, when I start negotiating with myself, this is a clear sign I should stay away. I know the way I see the market is changing and there are things my "gut" sees but my brain cannot explain yet they are much more powerful insights than anything else.

The chart is like a music partition, it won't speak to you unless you spend time to learn how to read music.

And as Strat says, better to regret being out of a good trade you missed rather than regret being in a bad trade. Opportunities are infinite, your capital is not.
  • #5,399
  • Jun 11, 2018 5:06am Jun 11, 2018 5:06am
Quoting darko2010
Internal negotiation Something that I found interesting in my personal psychology and which could help others. I sometimes catch myself negotiating internally to convince me to take a trade because the sky is not clear blue and that the trade would have pros and cons. This is generally the sign I shouldn't take the trade and that I am hoping that odds will go in my favor even though the overall probabilities are against me. Now, when I start negotiating with myself, this is a clear sign I should stay away. I know the way I see the market is changing...
I have the same feeling, when my "guts" say don't take this trade or exit now, most of the time I try to find reasons not to do so, and guess what ... I loose ...
  • #5,400
  • Jun 11, 2018 8:14am Jun 11, 2018 8:14am
Quoting Bestof27
{quote} I have the same feeling, when my "guts" say don't take this trade or exit now, most of the time I try to find reasons not to do so, and guess what ... I loose ...
Your eyes are designed see about 25,000 details in any instant, your brain is not able to process everything but your gut is.
That's what some call "intuition", but it's just being more in sync with your body and avoid your brain from misleading you. Eventually, trading will become second nature, but you need to do the hard work without the help of so-called "rational" tools, the same way as walking, driving etc

Bon courage!
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