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Strat's PASR Long Term, Stress Free Trading

  • #6,021
  • Jul 27, 2018 9:45am Jul 27, 2018 9:45am
Quote
If you don't ask, then how are you supposed to learn? For those that are shy or think they may be asking a stupid or dumb question, then don't worry, I am the King of asking stupid questions. We all have to start and learn somewhere so this is your place.

Dear Strat
I'm on my way to learning your style. Because it sounds very logical to me
* Is the trading on a Daily TM still good in terms of expected benefits?
Because I see a deviation from the original rules of this way?(using smaller TM)

Regards
A.J
There is Light at the End of the Tunnel.
  • #6,022
  • Jul 27, 2018 10:21am Jul 27, 2018 10:21am
Quoting Ali.J
{quote} Dear Strat I'm on my way to learning your style. Because it sounds very logical to me * Is the trading on a Daily TM still good in terms of expected benefits? Because I see a deviation from the original rules of this way?(using smaller TM) Regards A.J
PASR work on all time frame. So you can go for whatever time frame you want.

However, as a newbie of PASR, is recommended to follow the path and then start from daily time frame.
What daily time frame do is allow you to take your time doing analysis, reducing the chances of making mistakes.
The lower the time frame, the easier you make mistake due to rushing to trade, unclear thought, things that interrupt you which make you miss the entry/exit, etc etc.

Plus, if you want to maximize the stress free aspect of PASR, daily time frame definitely where to go for instead.

(Somewhat similar answer had been given multiple times by strat and the rest throughout the old thread and this post.)
  • #6,023
  • Jul 27, 2018 10:55am Jul 27, 2018 10:55am
Quoting Cj.cn
{quote} I think it is too near to the Support. {image}
Missed your post earlier on. Sorry.

That's look true. I did not notice that. I still debate in my mind whether that consider an important SR or not since it have so many breaches.

Anyway, when in doubt, stay out. I will exit this trade now. Looking for easier trade next time. Thanks very much for the reminder.
  • #6,024
  • Edited 1:43pm Jul 27, 2018 1:06pm | Edited 1:43pm
PASR

Quoting Ali.J
{quote} Dear Strat I'm on my way to learning your style. Because it sounds very logical to me * Is the trading on a Daily TM still good in terms of expected benefits? Because I see a deviation from the original rules of this way?(using smaller TM) Regards A.J
Hello Ali,

I have followed your journey on the “Comedy Thread” but I am not really sure that YOU want to be on this thread or any similar type of thread for PRICE ACTION where you will need to spend thousands of hours studying thousands of charts.

Your trading mind has been heavily influenced by “Get Rich Quick” forex promotions leading you into looking for quick and dirty signals from indicators in Indicator Land. In addition, you like to “Gossip” on other threads by “”liking”” posts etc.

There are hundreds before you who have professed on here to studying and learning PASR – PRICE ACTION at SUPPORT and RESISTANCE but quickly left to go back to Indicator Land when they found out how much work, time and effort they would have to put in to be CONSISTENTLY PROFITABLE. Alas, most of these have blown their accounts and given up. Some are still gaining a few % when everyone else is (when the Market is favourable), but LOSE MUCH MORE when their indicators are out of sync with the Market.

The “”serious”” students currently on this thread, and those from my original 2009 thread, plus my now defunct private website who have gone on to being CONSISTENTLY PROFITABLE and some Trading For Their Living, have focused 100% on PASR with NO DISTRACTION from other threads, strategies or systems. They treated their learning as an APPRENTICESHIP to trading by spending the majority of their spare time studying PASR on thousands of charts.

While the average time for a rank amateur “newbie” to reach CONSISTENT PROFITABILITY status is still around 3 years, there are exceptions to this. There are 3 traders who, when they joined this thread in November 2017, were all LOSERS. Today, those same 3 traders have been CONSISTENTLY PROFITABLE for several months while increasing their % ROI each month.

You are familiar with the often quoted phrase “Trading is Simple” and, as your journey indicates, have found that NOT to be true. Trading is “Simple” when you have Mastered the Art of Trading, much like Engineering is, after we have augmented our degree with many years of practical field experience.

* Is the trading on a Daily TM still good in terms of expected benefits?
Because I see a deviation from the original rules of this way?(using smaller TM)

huatzhi has already kindly answered this for you.

PASR can be traded with consistent profits on any time frame from tick charts to 10 year charts or whatever time frame is your financial vehicle.

There are traders on here who trade multiple time frames while others trade only one time frame. The choice of time frame is decided by the trader based on his trading style, personality, psychology, risk tolerance and individual circumstances among other things.

Students of PASR learn the different strategies first – Basic PASR, Swing PASR and Trend PASR and then fine tune this into THEIR trading style.

If you still feel this is for you and are prepared to put in the hard work, time and effort to be CONSISTENTLY PROFITABLE then we are here to help you.

If not, thank you for your interest and Good Luck.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,025
  • Jul 27, 2018 1:10pm Jul 27, 2018 1:10pm
Quoting huatzhi
{quote} PASR work on all time frame. So you can go for whatever time frame you want. However, as a newbie of PASR, is recommended to follow the path and then start from daily time frame. What daily time frame do is allow you to take your time doing analysis, reducing the chances of making mistakes. The lower the time frame, the easier you make mistake due to rushing to trade, unclear thought, things that interrupt you which make you miss the entry/exit, etc etc. Plus, if you want to maximize the stress free aspect of PASR, daily time frame definitely...
Thank you for your answer .....

BUT ..... " Is the trading on a Daily TM still good in terms of expected benefits? " Thats exactly what I am wondering about .

I am looking for an answer based on experiments and statistical data (I can do this myself, but it takes a lot of time and better to spend this time learning rather than comparing and judging. So I would like to use the Leverage on Time by using others people experience) .
Because the market is constantly changing, and this thread are too old .
So ,, Are the expected benefits still same before ? Or ??

Regards
A.J
There is Light at the End of the Tunnel.
  • #6,026
  • Jul 27, 2018 1:42pm Jul 27, 2018 1:42pm
PASR

Quoting Ali.J
{quote} Thank you for your answer ..... BUT ..... " Is the trading on a Daily TM still good in terms of expected benefits? " Thats exactly what I am wondering about . I am looking for an answer based on experiments and statistical data (I can do this myself, but it takes a lot of time and better to spend this time learning rather than comparing and judging. So I would like to use the Leverage on Time by using others people experience) . Because the market is constantly changing, and this thread are too old . So ,, Are the expected benefits still...
I am looking for an answer based on experiments and statistical data

And you will NEVER get it!

PASR is not “”experimental”” and is proven CONSISTENTLY PROFITABLE by myself and others over more than 25 years.

“”statistical data”” has no use to me or anyone else.

My trading, performance, metrics and statistics are UNIQUE to me just like others on here whose performance, metrics and statistics are UNIQUE to THEM.

We have PASR traders who can trade the hind legs off a donkey on the Worker but fail miserably on M5.

The point you are NOT UNDERSTANDING is that no matter what the strategy is, each trader’s trading style, and therefore performance, metrics and statistics, is UNIQUE to him and different to others. You only have to look on this thread for examples of that.

Because the market is constantly changing, and this thread are too old .
So ,, Are the expected benefits still same before ? Or ??

This tells me you are not suited to trading, let alone PASR.

Shukraan lak w 'iilaa alliqa'
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,027
  • Jul 27, 2018 2:42pm Jul 27, 2018 2:42pm
Quote
If you still feel this is for you and are prepared to put in the hard work, time and effort to be CONSISTENTLY PROFITABLE then we are here to help you.

I would be honest with you ... I did not expect to answer my question. Because I thought that you are tired and bored of these models of beginner questions .

Since my beginnings in learning and because the sources in Arabic are very limited and inadequate. I was attracted by deception to Scalping and "Get Rich Quick" .

Then I completed my English learning so that I could learn The Trading from the real sources of this art.
All major traders have agreed that price Action is the best thing ever.
So I started reading and watching videos and the presence of the webinars only on price Action.
I have returned the basics more than 4 times, perhaps much more than that.
Then I flipped and lost in many strategies and methods.
I tried to learn from Nial Fuller, Al Brook and many others , But I could not find the correct teaching methods like I found here,(and J16) Especially on the psychological side , That's why I failed

Honestly
The situation of the country I live in , I can not rely on my experience in civil engineering to ensure a decent life for me and my family.
So I have to find a way for money outside the borders of this country and I am inside it.( Trading )

I do not hide from you that I am in my soul searching for shortcuts (who does not)
But now that I have gone on learning the psychological lessons here, I am beginning to be convinced step by step that ( Money is an effort that can only be obtained by making the effort due to it).
I am now beginning to understand the situation more accurately than before. On this basis I am very pleased at the beginning of my career here.
And thank you with all my heart for your descent to our level, and not bored with our guidance.

ٌRegards
A.J
There is Light at the End of the Tunnel.
  • #6,028
  • Jul 27, 2018 2:51pm Jul 27, 2018 2:51pm
Quoting strat
PASR {quote} We have PASR traders who can trade the hind legs off a donkey on the Worker but fail miserably on M5. The point you are NOT UNDERSTANDING is that no matter what the strategy is, each trader’s trading style, and therefore performance, metrics and statistics, is UNIQUE to him and different to others. You only have to look on this thread for examples of that.
Thank you for clarification, this proves to me that you are honest and do not try to beat yourself the best traders.

Quote
This tells me you are not suited to trading

I hope you do not misunderstand me: Honestly, I do not care about your personal opinion of me
What I'm interested in is learning your style of trading, and the application what i've learned on the charts . Thats all

Anyway: I will not bother you with any more questions, but I will follow my path of learning the PASR

Regards
A.J
There is Light at the End of the Tunnel.
  • #6,029
  • Jul 27, 2018 11:38pm Jul 27, 2018 11:38pm
Quoting Ali.J
{quote....... Anyway: I will not bother you with any more questions, but I will follow my path of learning the PASR Regards A.J
Hi Ali.J ,

I have read the conversation between you and Strat. Welcome to the thread (if you decide to take the apprenticeship of Strat).

Just thought to give little input here. If you start following the Path , and putting your time and effort, then never stop asking questions. Bombard him with many questions you have ha ha.Once you get to know him then you will see how much he enjoys helping a serious student of his. We need to ask as many as questions to extract his knowledge (before time runs out, no offence Strat...)

Enjoy your time with Strats PASR University..

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #6,030
  • Jul 27, 2018 11:39pm Jul 27, 2018 11:39pm
Quoting Ali.J
{quote} Thank you for clarification, this proves to me that you are honest and do not try to beat yourself the best traders. {quote} I hope you do not misunderstand me: Honestly, I do not care about your personal opinion of me What I'm interested in is learning your style of trading, and the application what i've learned on the charts . Thats all Anyway: I will not bother you with any more questions, but I will follow my path of learning the PASR Regards A.J
Hi Ali.J great to see your posts. Strats answers were educational for all to read.

If you put in the time required of study and practice PASR in its purity, Start and others here will answer your questions.

I had spent a lot of time alone in my little trading world trying to learn various aspects of price action. It wasn't until I stumbled on Strats thread that the trading pieces started falling together for me. I honestly don't know how I even found this thread because I had reached a point to where threads on FF were distasteful to me. Thankful I found this. My trading has taken on a whole new demeanor and continues to evolve.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,031
  • Jul 28, 2018 7:42am Jul 28, 2018 7:42am
Quoting Rufus
{quote} I use a US close broker on demo. For charting and trade on another. Once you get used to it, it works.
Hi Rufus, may I ask your broker's server time? Is it GMT+3?
  • #6,032
  • Jul 28, 2018 11:31pm Jul 28, 2018 11:31pm
Quoting brian661
{quote} Hi Rufus, may I ask your broker's server time? Is it GMT+3?
I think it is GMT +4 . New York close candles

Here is an interesting time converter I found. Also a phone app

https://www.worldtimebuddy.com/unite...ew-york-to-gmt
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,033
  • Jul 29, 2018 4:52am Jul 29, 2018 4:52am
Quoting Rufus
{quote} I think it is GMT +4 . New York close candles Here is an interesting time converter I found. Also a phone app https://www.worldtimebuddy.com/unite...ew-york-to-gmt
Thanks Rufus, but still unable to search for a GMT+4 broker...
I found a site to show all broker server time.
https://www.allfxbrokers.com/brokers/platforms/mt4
But seem none of them are GMT+4
  • #6,034
  • Jul 29, 2018 7:05am Jul 29, 2018 7:05am
Quoting brian661
{quote} T.....still unable to search for a GMT+4 broker... I found a site to show all broker server time. https://www.allfxbrokers.com/brokers/platforms/mt4 But seem none of them are GMT+4

Brian,

You suppose to look GMT+3 broker isn't? Eg.. When 5pm New York time your broker should be 24 Hr (daily candle close). when 5pm New York...GMT time is 9pm . Add another 3 hours to it for your broker candles close . Means your broker should be GMT +3 . You get what I am saying?

Suranga

P.S. This may change when day light saving is on
Focus, Patience, Discipline, Determination and Perseverance
  • #6,035
  • Jul 29, 2018 9:07am Jul 29, 2018 9:07am
Hello PASR friends,
I have been busy in the past week.
Here is my PASR learning weekly report.
6 trades during the past week.
2 bad & loss trades. Reason: didn't follow PASR analysis process. (bad plan)
3 bad & win trades. Reason: didn't execute the original plan. (bad execution)
1 good & win trade. Reason: followed PASR analysis process when I did my plan. execute trade plan as planned.

Others:
Setup all record spread sheets. I think this is a great step for me because I didn't do it well before.

My comments:
I reduced the number of trades automatically because of the PASR analysis process. Planning wise, I only had two bad trades.
Find more time to read the thread.
EXACTLY follow the PASR analysis process.
I am scared to do daily time frame trading even I planned to do. The reason is because the stop is too wide for me psychologically. Plan to do demo daily time frame trading from this week.

I am looking forward to the coming week.
We don't see things as they are, we see them as we are.
  • #6,036
  • Jul 29, 2018 10:01am Jul 29, 2018 10:01am
Looking Ahead (May or may not trade... US, UK Interest Rate(expected rise but may not happen) and NFP This coming week).

GBPCAD

Possible worker BASIC PASR.

Also look at the Boss Structure, I would like to see a continuation of what seems to be at play... either way this seems a likely juncture for short term profit taking.

Worker
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADDaily.png Size: 69 KB


Boss
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADWeekly.png Size: 70 KB
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,037
  • Edited 11:11am Jul 29, 2018 10:36am | Edited 11:11am
Quoting brian661
{quote} Thanks Rufus, but still unable to search for a GMT+4 broker... I found a site to show all broker server time. https://www.allfxbrokers.com/brokers/platforms/mt4 But seem none of them are GMT+4
Hey Brian

Suran is right. I thought about this last night. We are on daylight saving time now. Come Fall it will be GMT+3.

Maybe google New York close charts.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,038
  • Jul 29, 2018 11:09am Jul 29, 2018 11:09am
Quoting Victoria2017
Hello PASR friends, I have been busy in the past week. Here is my PASR learning weekly report. 6 trades during the past week. 2 bad & loss trades. Reason: didn't follow PASR analysis process. (bad plan) 3 bad & win trades. Reason: didn't execute the original plan. (bad execution) 1 good & win trade. Reason: followed PASR analysis process when I did my plan. execute trade plan as planned. Others: Setup all record spread sheets. I think this is a great step for me because I didn't do it well before. My comments: I reduced the number of trades automatically...

Hi Victoria

Here is a terminology thing for you I do to help with trading psychology.

The only "bad" trade is one you execute not according to your trading plan, win or lose.
A trade that you place according to your trading plan but comes out as a loss is a "Failed" trade.

We grow up for years thinking losing is bad. When in actuality losing is a part of trading and life.

As for the Daily time frame. Demo is a good one for a short while. When you do go live just reduce your position size to as small as possible and don't look at your position till New York close.

I used to not like the daily charts. Now they are an important part of my repertoire.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,039
  • Jul 29, 2018 4:15pm Jul 29, 2018 4:15pm
PASR

Quoting Victoria2017
Hello PASR friends, I have been busy in the past week. Here is my PASR learning weekly report. 6 trades during the past week. 2 bad & loss trades. Reason: didn't follow PASR analysis process. (bad plan) 3 bad & win trades. Reason: didn't execute the original plan. (bad execution) 1 good & win trade. Reason: followed PASR analysis process when I did my plan. execute trade plan as planned. Others: Setup all record spread sheets. I think this is a great step for me because I didn't do it well before. My comments: I reduced the number of trades automatically...
You need to help us help you by posting the charts of your trades. You may think you know what you did wrong but there may be others that can be seen through another observer's eyes.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,040
  • Jul 29, 2018 4:26pm Jul 29, 2018 4:26pm
GBPCAD

Quoting BeyondTheSea
Looking Ahead (May or may not trade... US, UK Interest Rate(expected rise but may not happen) and NFP This coming week). GBPCAD Possible worker BASIC PASR. Also look at the Boss Structure, I would like to see a continuation of what seems to be at play... either way this seems a likely juncture for short term profit taking. Worker {image} Boss {image}
Hi BTS, here is my view from the Big Boss perspective:

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 56 KB


And the Boss:

Attached Image (click to enlarge)
Click to Enlarge Name: b.PNG Size: 52 KB


PRICE looks to me to be at one of a couple of ""wobble areas"" on its way down to BRN 1.6 to 1.57 Demand Zone. Of course, it will not do this in one move and we will see PRICE pull back several times on the Worker.

Just my view and thanks for posting
15 YEARS OF PASR ON FOREX FACTORY!
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