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Strat's PASR Long Term, Stress Free Trading

  • #5,901
  • Jul 20, 2018 4:00am Jul 20, 2018 4:00am
Quoting Rub
Hey Rub I note a few thumbs up on your post so my response may not be agreed upon by all. I'm also not a profitable trader of PASR myself, but I'm wondering about your idea of stopping early for the month. Some questions: Can you see any parallels between getting out of the month early to protect profits and getting out of trades early to protect profits? Yes, I can see a parallel. Do you think there are any lessons you may learn by trading out the month that you will miss out on by stopping for the month? Not off the top of my head, but most of...
Thanks Rob,
I hope you have some peace by not trading.
By the way, where are you in Australia? I am in Perth.
We don't see things as they are, we see them as we are.
  • #5,902
  • Jul 20, 2018 4:08am Jul 20, 2018 4:08am
Quoting MikuSS
{quote} Hi Victoria, You are too kind. I am far from being good with trading M5 PASR. The only way to improve is to observe charts on this thread, and observe how price react around the Strat Shadow. Strat is really not kidding when he says we need to spend thousands of hours studying thousands of charts. There are always signs when a trend is starting. Also, observe when a trend is going to end. The same thing happens over and over again. As you see patterns, you will gain confidence, and you will learn how to control your greed and fear. Unfortunately,...
Hi Miku,
From a few of your posts, I found you are good with M5. That was why I asked you.
Yes, I think practice is the way to become better.
I temperately reduced my work hours for next half year to practice PASR in London session. Hope this can lead me somewhere.
I went to Singapore a few time. I really like the food and shopping there. I used to buy one extra luggage because I bought too much stuff.
Singapore is the Asian country I like second. The first one is Japan.
Enjoy your weekend.
We don't see things as they are, we see them as we are.
  • #5,903
  • Jul 20, 2018 4:11am Jul 20, 2018 4:11am
Quoting strat
PASR {quote} This is a quick summary I have 28 charts open on a Profile but I only really focus on the "movers and shakers" - those pairs which are volatile and have high ATR(10) pip count. I want my margin used up on those pairs which have the highest probability of moving. My daily routine starts with, and revolves around the BIG PICTURE analysis on the BIG BOSS. I check the Big Boss at the end of each month and especially the end of each Quarter and get a "feel" for where the Big Boys are taking PRICE. This is recorded for each pair. I always...
Thanks for sharing this, Strat.
It will be my guide line for my analysis.
We don't see things as they are, we see them as we are.
  • #5,904
  • Jul 20, 2018 5:00am Jul 20, 2018 5:00am
Quoting Rub
{quote} I've considered it, for example I've got GBP/NZD in a WCC for 31(!) weeks. Been struggling to find good price action to trade the boundaries with confidence though. The EUR/JPY example I posted recently I traded from the middle up, but didn't hold to the top. Perhaps scaling in would help.
Yes I've just had a look through that on the daily and it's a hard one to pick entries on. Because it's such a wild pair with a big ATR the day candles are long.
By the time they close theres not a lot of R:R there for you.

On H4 though there were quite a few PA candles at the extremes although a couple would have resulted in losses most would have been big winners.
Rangy WCC pairs I find if you trade basic PASR on them you have to be VERY, VERY patient as price swings up and down a lot obviously. I would go into profit, then in to DD, then into profit and so on a few times.
Eventually though you get the big moves which make the money or stop you out. When they start they are obvious and thats the time to add another entry and then another and before you know it you've got a good sized position on it's way up to the top or down to the bottom of the WCC.
You just have to sit on your hands (often in DD) and wait for the big boys to get involved.

Maybe put a watchlist of those pairs in WCC together and stick them on a layout with H4 charts and follow what happens a couple of times a day.
That is of course if you want to try another timeframe which is something only we as individuals can decide.

Not for everyone which is why I left them alone early on but I'm finding them more and more appealing as my tolerance for DD and management of my trades are getting better.
Study enough and it all starts looking like the Matrix...
  • #5,905
  • Jul 20, 2018 11:43am Jul 20, 2018 11:43am
Hi Strat

Just checking in from the old thread to let you know I am still around. 600 Pages and counting. Catching up slowly, slowly...

Regards
Pete
  • #5,906
  • Edited 3:24pm Jul 20, 2018 2:42pm | Edited 3:24pm
Quoting Humbucker
Strange - I found TITZ to be full of lame, tedious anecdotes and tired pop-culture references. Never saw why so many people rate it so highly. But then i'm a scientist and my view of what constitutes an -ology (in this case, psychology) is different to most.
TITZ was written to SELL BOOKs (read "make money") - not to help traders!
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,907
  • Jul 20, 2018 2:59pm Jul 20, 2018 2:59pm
Quoting Cj.cn
{quote} Hi, Strat The long wick and body with a short tail is NOT a candle to initiate trades on. Why? My understand is the long wick means the power of seller is larger than the buyer's, and the short tail means the power of buyer is smaller, right? "PASR always WAITS for the Big Boys to SHOW us the direction they are taking PRICE. We WAIT to FOLLOW in the FOOTSTEPS of the Big Boys." and that is a BEEB at the Resistance. So I think the Big Boys show me the direction and that can be as a signal candle. Can you explain more about this? Look at the...
The long wick and body with a short tail is NOT a candle to initiate trades on.
Why? My understand is the long wick means the power of seller is larger than the buyer's, and the short tail means the power of buyer is smaller, right?

WRONG!

Just discussing the candle alone and nothing else - can you SEE the difference between candle A and those candles in B?

Attached Image


The candles in "B" are full blown selling candles - those candles consist of 95% to 98% SELLERS. Candle A is about 60% sellers and when it opened the buyers moved PRICE to the high which was a bargain for the sellers so they immediately sold it BACK TO SUPPORT

Next, we trade PASR - not just candlesticks. Read and UNDERSTAND my Post 5868 to Brian again particularly what I wrote about PRICE structure.

PASR is all about COMPLETE Price Action and Structure - NOT JUST CANDLES and SR. If you just trade candles and SR you will never be consistently profitable.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,908
  • Jul 20, 2018 3:14pm Jul 20, 2018 3:14pm
PASR

Quoting Rub
This month has been a hard one to trade for me, with one week left I'm on track to eck out a very modest profit with a bunch of break even trades and a couple of losers. Most annoying is I closed all my trades after the first week after I had a floating profit of double my initial account, mostly from long trades against the yen. I have uploaded my EUR/JPY trade as an example. My initial target was the top of the WCC for ~200 pips. As you can see it would've hit it, and there were a couple of places I could've added on. You can also see where I...
This month has been a hard one to trade for me, with one week left I'm on track to eck out a very modest profit with a bunch of break even trades and a couple of losers.

Rub, you really have to stop beating yourself up. The summer months when there is low volume and volatility are difficult to trade for everyone. The fact that you are in profit shows how well you are doing in these times.

My immoderate aim is to be profitable for 3 months in a row, as a sign that I'm getting it.

You ARE ""getting it"", Rub. You only have to look at where you were when you joined us (LOSER) and where you are at now (WINNER)!

Look at where BeyondTheSea, Darko and Samson were before they joined us and look where they are now. You are following close behind at your pace.

Your "aim/goal" is to be profitable month after month with a steady increase in %ROI each month.

I recommend you "read" your Trading Journal (you are keeping a Trade Journal aren't you?) of every trade you have taken and study why you made a profit, why you lost and what you need to do to improve. You will get more out of that than reading any other book.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,909
  • Jul 20, 2018 3:23pm Jul 20, 2018 3:23pm
PASR

Quoting JCMPete
Hi Strat Just checking in from the old thread to let you know I am still around. 600 Pages and counting. Catching up slowly, slowly... Regards Pete
Good for you Pete but.............your brain can only take in so much at a time so you have to practice and master what you have learned BEFORE moving on to the next topic. I suggest you start posting charts of your understanding of where you are at now with PASR. There are some really helpful people on here who have been where you are at now so will help you get over any hurdles you have.
15 YEARS OF PASR ON FOREX FACTORY!
  • #5,910
  • Jul 20, 2018 8:13pm Jul 20, 2018 8:13pm
Quoting strat
{quote} The long wick and body with a short tail is NOT a candle to initiate trades on. Why? My understand is the long wick means the power of seller is larger than the buyer's, and the short tail means the power of buyer is smaller, right? WRONG! Just discussing the candle alone and nothing else - can you SEE the difference between candle A and those candles in B? {image} The candles in "B" are full blown selling candles - those candles consist of 95% to 98% SELLERS. Candle A is about 60% sellers and when it opened the buyers moved PRICE to the...
thank you for your clear my puzzle. Now I am more near to "SEE BEYOND THE CANDLE".

thanks again for your help.

Regards

Cj
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #5,911
  • Jul 20, 2018 9:16pm Jul 20, 2018 9:16pm
Quoting strat
M5 PASR Trend Trading {quote} 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...
Quoting strat
EURNZD M5 PASR Trend Trading {quote} YI SEE PRICE staying below the Strat Shadow so I start looking for a PULL BACK to the Strat Shadow. The TREND is so STRONG that PRICE does not pull back so I look for a PASR candle to enter - my first arrow. Then, AS LONG AS PRICE STAYS BELOW THE STRAT SHADOW, I just ADD ON. {image}
Hello Strat, when you say "With only a few pips stop loss" in your add ons. Where you place your stoploss?
  • #5,912
  • Jul 20, 2018 11:39pm Jul 20, 2018 11:39pm
Hi all

Back from my trip to Idaho and looking forward to getting back involved with the thread. I had a great time of relaxation, reflection, and planning. Also had some of the most incredible meals I have ever had.

My little buddy greeted me every evening as I was having some wine or beer.

For those familiar with "Cady Shack' I kept singing (In my head...) " I'm all right...No body gonna worry about me..."

Rufus

Attached Image (click to enlarge)
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,913
  • Jul 21, 2018 10:55am Jul 21, 2018 10:55am
M5 PASR Trend Trading

Quoting HappyTrend
{quote} {quote} Hello Strat, when you say "With only a few pips stop loss" in your add ons. Where you place your stoploss?
If you can't SEE the entries on the chart I posted having a ""few pips Stop Loss"" then you should not be trading.

Here is that chart yet again.

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #5,914
  • Jul 21, 2018 11:13am Jul 21, 2018 11:13am
Quoting strat
M5 PASR Trend Trading {quote} If you can't SEE the entries on the chart I posted having a ""few pips Stop Loss"" then you should not be trading. Here is that chart yet again. {image}
The SL bellow of that "candle zone"? (Blue Line)


Attached Image (click to enlarge)
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  • #5,915
  • Jul 21, 2018 11:24am Jul 21, 2018 11:24am
There is another Chart, Sell after candle close bellow support. Your Initial Stoploss is in 1? and When you decide to put that BreakEven in that level?
Attached Image (click to enlarge)
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  • #5,916
  • Jul 21, 2018 11:47am Jul 21, 2018 11:47am
Perspective.

It’s sometimes interesting and sometimes tedious for me when I read about analogies of life and trading.

Hands up, I’ve posted a few.

Here’s the question, what’s the point?

I mean, if your life was aligned to your trading then maybe there is some value. But the reality check is that it isn’t and will never be, it’s an insane thing to even pretend this to be your goal.

Recently I haven’t been posting charts, for a number of reasons but mainly because I’m taking one or two trades a week and not been active on lower time frames. So no real eye candy trades..
Also I’ve pulled myself up, for instance I traded the Boss candle last week and “only” netted 120 pips leaving more than that on the table because I didn’t close on the BRN.
I did this because I’m tweaking my plan to work for me from a psychological and practical view to fit in with my work and personal schedule.

So posting charts like these will not advance anyone’s learning and may only serve to confuse. Apologies for this but I’m a genuine person and won’t fit my charts to suit and look good for Forex Factory. That’s not helpful for anyone.

So this post without any charts will no doubt be passed over by those who want action. Good.

Ask yourself what are you trading? If you are trading for a better life, for more money, for gambling thrills, for boredom, intellectual stimulation... all of these reasons may lead to failure and self sabotage.
I trade for all or most of those reasons and many more that I haven’t listed. Be honest.

The drive and desire to sate these emotions can be harnessed into a resilience that becomes the very thread of the sword of Damocles and the importance we put on becoming successful at trading can and does get in the way to becoming successful.

Shift your perspective of your situation, should you be putting so much importance of becoming a successful trader?

Should you be a trader at all?

If you can honesty answer this without any bullshit then this message goes to everyone who trades. Stop whining, stop moaning. Suck it up and trade your plan.

We live in a self absorbed society and one of my life’s mantras is that there will always be someone worse off than me.

Think about the times you’ve experienced anxiety or worry. Isn’t it strange that these worries seem to be magnified when you can’t deal with them, like in the evening when you’re trying to get to sleep and then the next day you wonder what the fuss was about?

These subconscious thoughts are with us all of the time and I believe make our decisions for us and maybe run our lives whether we want them to or not.
Separating my life from trading and letting go of the superfluous egocentricity has allowed to myself to ask the question again.

Am I cut out to be a trader at all?

Are you?

My answer to this is yes but at NO COST financially or emotionally.

If you are expending anything other than time perhaps take a look in the mirror. If you are spending time away from your loved ones perhaps take a look in the mirror. If you need to be successful at trading take a look in the mirror. If you’ve been doing this years and still not where you want to be, take a look...

Trade well and be careful what you are trading.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #5,917
  • Jul 21, 2018 12:55pm Jul 21, 2018 12:55pm
Quoting BeyondTheSea
.............. like in the evening when you’re trying to get to sleep and then the next day you wonder what the fuss was about? ...........

BTS (and Strat),

Well , its one of those restless nights for me today (after a busy day).So came back to see whats going on in here. And I came across this post and some Strats posts. pure gold.

Thanks a lot. Please keep them coming..
Focus, Patience, Discipline, Determination and Perseverance
  • #5,918
  • Jul 21, 2018 7:45pm Jul 21, 2018 7:45pm
Quoting BeyondTheSea
Stop whining, stop moaning. Suck it up and trade your plan.
Nice Quote... and Yes... in my personal opinion when i ignore everything else (emotions, greed, winners %, losser %, etc.) and just following my plan my profits start growing.

Before i was worry about everything... Right now with good balance and a very low risk in each trade... in my software for trading (Ninjatrader) I just "uncheck" the P&L of my chart and in my entry line i only see the positive/negative points and thats it. Only a the end of the day i check how i did daily (study my closed trades), and at the end of the week, i check how i did weekly (and study my weekly trades) and at the end of the month i check how i did it and study all the month.

In a few words, i dont care now about "money" or "points"... i just care about following my plan and thats it.
  • #5,919
  • Jul 21, 2018 8:05pm Jul 21, 2018 8:05pm
In my short Forex learning journey, I read more than 20 books and tried most of the methods I learned from those books. I reach the conclusion that the PRICE and VOLUME are the most important elements for Forex. Of course, TIME is most powerful for everything in our world philosophically.
'Volume' is not easy for Forex, 'time' is something mysterious for human. So I am thinking about how can I get a theory which use PRICE to trade. Here I am.
I treat leaning PASR as a serious business.
For this business, I have done my research to know this is a potential successful business.
Following is my report for my business.

In the past week, I set up the Strat Shadow, organised time availability, set up a fund for PASR, set up my goal step 1.
Goal step 1 (20180722-20180825):

  1. Get used to my new routine,
  2. Be familiar with the analysis process of PASR,
  3. Figure out the time frame which I feel comfortable with in terms of the cost (the stop loss for each trade) and time (my time availability),
  4. Keep my fund not less than 50%.

I did 3 trades in M5 time frame last week. All were failed.
1. Took profit before first resistance line. My fear.
2. Jumped into the trade early so stopped out. My impatience and lack of study for PASR.
3. Didn't look at Big Boss and the support line in the first place so stopped out. My lack of practice for PASR.

Hi Strat,
I am not sure if it is OK to post this. Please let me know if it doesn't suit.
The reason I do this is because:

  1. Posting my plan in a public thread, I will feel ashamed if I don't do it.
  2. I hope experienced traders here can comment if they think something I am doing is not right from their experience. Then I will save my time.
  3. I know a lot of members here are experienced traders, but there might be a lot of newbies like me want to see another newbie's lessons and experience.

We don't see things as they are, we see them as we are.
  • #5,920
  • Jul 22, 2018 11:51am Jul 22, 2018 11:51am
Strat I have a question, in your script you have mention that indicators are not necessary or you should learn PASR without indicators. Now I am little bit confused , should I now integrate the Strat Shadows or should I first learn PASR without indicators?

Ps: thanks for your knowledge you have already improved my trading from strict losses to break even to small returns thank you !
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