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Strat's PASR Long Term, Stress Free Trading

  • #6,081
  • Jul 31, 2018 8:26pm Jul 31, 2018 8:26pm
Quoting Ali.J
{quote} I already did that before , and didnt work for me ! So I decide to apply your " Stress Free" method on my trading mode .

As you trade PASR more. The 5 and 15 will become less stressful as well.

Is your position size to large that you cannot stand to lose it?
Or do you hate the thought of losing?

Either one will cause havoc to your mind.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,082
  • Jul 31, 2018 8:29pm Jul 31, 2018 8:29pm
GBPJPY

Tried this for a 5m trade this morning.

Closed it out when it looked to be topping out with a double top.

So...US session gave me 26 pips.

Attached Image (click to enlarge)
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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,083
  • Jul 31, 2018 11:29pm Jul 31, 2018 11:29pm
Quoting strat
......
Hi Strat (and others),

Just decided to post a potential Daily chart I see. pls give me a review.

Big Boss
Came out of the monthly coil formation. Price made a Higher low. ===> Bullish

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYMonthly.png Size: 34 KB


Boss

Price came out of the Big Boss coil and tested the upper trend line. Now price supported by Upper trend line and Strat Shadow. ===>Bullish

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYWeekly.png Size: 54 KB


Worker

Price tested the monthly coil/ Trend line.And supported by upper trend line and Strat shadow. Gives BUEB type bar. ===> Bullish

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 56 KB


I am not considering the WCC as its concept is to avoid consolidation. And considering the price structure I feel its ok .

Plan

If enter above BUEB, the Nearest Boss resistance is 220 pips away. My risk is 150 pips . So my R/R is 1 : 1.4 . Decent trade.

Please let me know your thoughts

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #6,084
  • Jul 31, 2018 11:31pm Jul 31, 2018 11:31pm
So I started drawing support and resistance ZONES instead of just lines because they give a better visual representation of where the price got rejected or supported at. However, it occurred to me only now that in this example or EUR/CAD, the S/R zones are around 140 pips! Looks like a lot of breathing room, don't you think?
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  • #6,085
  • Aug 1, 2018 12:55am Aug 1, 2018 12:55am
Quoting Ali.J
{quote} Every 5 or 15 min
Ali,
If you are trading the daily chart (worker) you need to check your charts daily. I had the same issue as you at the start and it drove me mad. My little people would see price not doing what I wanted and would make me close my position. Then it would reverse and go my way.
I started checking the charts just twice a day and then finally got down to once a day as it should be.

Whatever time frame you trade you should check the candles when they close.
For me in the UK daily candles close at 10pm. That's when I check the progress of trades and check for new entries.
We only trade and make trading decisions when candles close. There's no point in checking them at any other time.

Best advice I can give and I wish I'd done it earlier when I started out, is to close your charts and only open them at the daily close.
It's hard but it's the only way forward to stop yourself panicking about what price is doing.

Also as others have said, check your position size. If you trade too large you will worry and that will make you want to check the charts.
Study enough and it all starts looking like the Matrix...
  • #6,086
  • Aug 1, 2018 2:06am Aug 1, 2018 2:06am
Quoting landax
USD/CAD It's an interesting pair, I'm waiting to see or the bigboy going to go {image} Bigboss with a bearish structure: HH ll LH HL LH {image} Boss: Swing high confirmed, Price is supported by the support and by the Strat shadow {image} Daily: The Strat Shadow was broken last Wednesday and is now a resistance Comment: What do you think of this analysis? I find this pair interesting
I have been looking for opportunities to short for a couple of weeks, but I think it's now at a decision level so see what happens.

Quoting Suran
{quote} Hi Strat (and others), Just decided to post a potential Daily chart I see. pls give me a review. Big Boss Came out of the monthly coil formation. Price made a Higher low. ===> Bullish {image} Boss Price came out of the Big Boss coil and tested the upper trend line. Now price supported by Upper trend line and Strat Shadow. ===>Bullish {image} Worker Price tested the monthly coil/ Trend line.And supported by upper trend line and Strat shadow. Gives BUEB type bar. ===> Bullish {image} I am not considering the WCC as its concept is to avoid...
See my post #6055. I set a pending buy after the hammer.
  • #6,087
  • Aug 1, 2018 3:10am Aug 1, 2018 3:10am
TREND PASR TRADE
Quoting Suran
{quote} Hi Strat (and others), Just decided to post a potential Daily chart I see. pls give me a review. Big Boss Came out of the monthly coil formation. Price made a Higher low. ===> Bullish {image} Boss Price came out of the Big Boss coil and tested the upper trend line. Now price supported by Upper trend line and Strat Shadow. ===>Bullish {image} Worker Price tested the monthly coil/ Trend line.And supported by upper trend line and Strat shadow. Gives BUEB type bar. ===> Bullish {image} I am not considering the WCC as its concept is to avoid...
Hi, Suran

On this thread, there are many M5 PASR TRADE and BASIC PASR TRADE. I don't see an example for TREND PASR TRADE. I always look for a TREND PASR TRADE.

When I see you post the Big Boss of USDJPY, I think if this can be traded as a TREND PASR TRADE.

The reason is as you said it is Bullish, came out of the Upper coil pattern and the price have retested the trend line.

So, I would trade it as a TREND PASR TRADE. the nearest resistance is only my TP1. If break out the TP1, I would look for any opportunity to Add on.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Post 6083 Monthly.png Size: 36 KB

See #Post 20162
Attached Image (click to enlarge)
Click to Enlarge Name: Trend Trading Post 20162 Daily.PNG Size: 269 KB

If I have any wrong understanding, pls correct me.

thanks

Regards

Cj
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #6,088
  • Aug 1, 2018 3:35am Aug 1, 2018 3:35am
Quoting Cj.cn
TREND PASR TRADE {quote} Hi, Suran On this thread, there are many M5 PASR TRADE and BASIC PASR TRADE. ....
Cj,

Thanks for the reply. You may be correct . I am pretty new to daily stuff and I still have long long way to go in The Path.

However, when I see posts like 20162 (in previous thread) ...I feels like...Damn I should go and read the thread before reviewing the charts. Its pure gold knowledge in there you know. But as others pointed out, I should keep analyzing the charts to build the screen time.

Thanks again

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #6,089
  • Aug 1, 2018 9:05am Aug 1, 2018 9:05am
PASR

Quoting Ali.J
{quote} I already did that before , and didnt work for me ! So I decide to apply your " Stress Free" method on my trading mode .
I already did that before , and didnt work for me

Then the problem is YOU not the time frame or the strategy!

So I decide to apply your " Stress Free" method on my trading mode

It is only ""STRESS FREE"" if you UNDERSTAND it and apply it as shown on The Path.

Being successful and profitable in trading is 95% due to the trader and NEVER the system/strategy. If you don't have the DISCIPLINE to follow the rules then you will NEVER be successful and profitable in trading.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,090
  • Aug 1, 2018 9:26am Aug 1, 2018 9:26am
USDJPY

Quoting Suran
{quote} Hi Strat (and others), Just decided to post a potential Daily chart I see. pls give me a review. Big Boss Came out of the monthly coil formation. Price made a Higher low. ===> Bullish {image} Boss Price came out of the Big Boss coil and tested the upper trend line. Now price supported by Upper trend line and Strat Shadow. ===>Bullish {image} Worker Price tested the monthly coil/ Trend line.And supported by upper trend line and Strat shadow. Gives BUEB type bar. ===> Bullish {image} I am not considering the WCC as its concept is to avoid...
You are placing far too much emphasis on trend lines and patterns and not enough on PASR

When you really UNDERSTAND PASR it is worth more than all the patterns, formations, ratios, waves etc put together.

I have marked your charts as I would trade them.

You have completely missed what the Big Boss is telling you

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYMonthly.png Size: 35 KB


You have missed the REAL PASR on the Boss

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYWeekly.png Size: 38 KB


Now SEE what the Worker is telling you!

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 40 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,091
  • Aug 1, 2018 9:34am Aug 1, 2018 9:34am
EURCAD

Quoting Svolacius
So I started drawing support and resistance ZONES instead of just lines because they give a better visual representation of where the price got rejected or supported at. However, it occurred to me only now that in this example or EUR/CAD, the S/R zones are around 140 pips! Looks like a lot of breathing room, don't you think? {image}
Here is my chart

As you can SEE, PRICE is setting up for BASIC PASR

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 56 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,092
  • Aug 1, 2018 9:37am Aug 1, 2018 9:37am
Hi all,

Forgive me for my recent absence in this thread, but I have run into some personal issues which require some time to resolve. Hence, I am unable to post and participate in the discussions as much as I would like to. Rest assured that I am reading all the posts, and I am looking forward to joining you all again in the near future, probably in a few months time.

Cheers.
  • #6,093
  • Aug 1, 2018 9:54am Aug 1, 2018 9:54am
Quoting strat
USDJPY {quote} You are placing far too much emphasis on trend lines and patterns and not enough on PASR .....
Hi Strat,

Thanks for the reply. below is what I understood when I see your charts

BigBoss - Wick of that big boss tells me selling at the resistance marked by you.

Boss - sellers at that marked level

Worker - Even if trade worked..then R:R is low (less than 1). not a good trade


Many thanks

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #6,094
  • Aug 1, 2018 10:03am Aug 1, 2018 10:03am
Quoting strat
EURCAD {quote} Here is my chart As you can SEE, PRICE is setting up for BASIC PASR {image}
Hm, seems like I draw them much wider, so I include more situations where price respected the levels. So is it possible to draw S/R zones wider or is my approach incorrect? That usually leaves very little space for the price to move before it hits another wide zone of S/R. That often leads to trade opportunities not being executed because of the risk/reward ratio.
  • #6,095
  • Aug 1, 2018 1:26pm Aug 1, 2018 1:26pm
Quoting MikuSS
Hi all, Forgive me for my recent absence in this thread, but I have run into some personal issues which require some time to resolve. Hence, I am unable to post and participate in the discussions as much as I would like to. Rest assured that I am reading all the posts, and I am looking forward to joining you all again in the near future, probably in a few months time. Cheers.
No problem. Family and health come before everything. Take your time we will still be here when you get back.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,096
  • Aug 1, 2018 1:28pm Aug 1, 2018 1:28pm
USDJPY

Quoting Suran
{quote} Hi Strat, Thanks for the reply. below is what I understood when I see your charts BigBoss - Wick of that big boss tells me selling at the resistance marked by you. Boss - sellers at that marked level Worker - Even if trade worked..then R:R is low (less than 1). not a good trade Many thanks Suranga
You UNDERSTAND well
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,097
  • Aug 1, 2018 1:30pm Aug 1, 2018 1:30pm
PASR

Quoting Svolacius
{quote} Hm, seems like I draw them much wider, so I include more situations where price respected the levels. So is it possible to draw S/R zones wider or is my approach incorrect? That usually leaves very little space for the price to move before it hits another wide zone of S/R. That often leads to trade opportunities not being executed because of the risk/reward ratio.
I suggest you get back on The Path and re-LEARN and UNDERSTAND the SR part of PASR.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,098
  • Aug 1, 2018 5:27pm Aug 1, 2018 5:27pm
Quoting strat
PASR {quote} I already did that before , and didnt work for me Then the problem is YOU not the time frame or the strategy! So I decide to apply your " Stress Free" method on my trading mode It is only ""STRESS FREE"" if you UNDERSTAND it and apply it as shown on The Path. Being successful and profitable in trading is 95% due to the trader and NEVER the system/strategy. If you don't have the DISCIPLINE to follow the rules then you will NEVER be successful and profitable in trading.

Quote
Then the problem is YOU not the time frame or the strategy

Yes , I already told you that before.The reason for the loss is I : (Over Trading , Greed , Unrealistic Targets , Impatient , Get Rich Quick , Others ).

Thanks God I have dealt with : (Unrealistic Targets , Get Rich Quick )

I am now trying to discover the cure for the rest of my problems ... (Over Trading , Greed , Impatient , Others ) .

Now I'm trying to see the reflection of your old posts in myself , And their applicability to myself , in order to deal with that .


Quote
If you don't have the DISCIPLINE to follow the RULES then you will NEVER be successful and profitable in trading

Let me ask you a stupid question if you allow : Are there Fixed Rules (The Holy Gril) to make ALL people winners (In Trading) ? Or is it Variable depending on the person?
IF ITS VARIABLE , Is there Another Way to find out what is not work and what is work , Except Trial and Error ?

Do you know why ( I and all those who came before me ) keep asking you?
The answer is simple: We try not to fall into your previous failed experiences, and try to copy your previous successful experiences.
(in short : We try to take advantage of your trial and error without doing it).
So in this case we believe in ourselves that there are fixed rules for profit in trading and not variable rules

I try to know the truth (Fixed OR Variable ) in order to work in the right way .

With all honesty and with all my heart, thank you for your time and effort

(I really have a hard time when writing in English, so please excuse me and do not misunderstand me )
A.J
There is Light at the End of the Tunnel.
  • #6,099
  • Aug 2, 2018 4:11am Aug 2, 2018 4:11am
Quoting Ali.J
{quote} {quote} Yes , I already told you that before.The reason for the loss is I : (Over Trading , Greed , Unrealistic Targets , Impatient , Get Rich Quick , Others ). Thanks God I have dealt with : (Unrealistic Targets , Get Rich Quick ) I am now trying to discover the cure for the rest of my problems ... (Over Trading , Greed , Impatient , Others ) . Now I'm trying to see the reflection of your old posts in myself , And their applicability to myself , in order to deal with that . {quote} Let me ask you a stupid question if you allow : Are there...
I think the best you can do is to have some sort of mentor to guide you in the right direction. At the end of the day you have to make your own mistakes and learn from them. It will be different for everyone.
  • #6,100
  • Aug 2, 2018 8:09am Aug 2, 2018 8:09am
Quoting Ali.J
{quote} {quote} Yes , I already told you that before.The reason for the loss is I : (Over Trading , Greed , Unrealistic Targets , Impatient , Get Rich Quick , Others ). Thanks God I have dealt with : (Unrealistic Targets , Get Rich Quick ) I am now trying to discover the cure for the rest of my problems ... (Over Trading , Greed , Impatient , Others ) . Now I'm trying to see the reflection of your old posts in myself , And their applicability to myself , in order to deal with that . {quote} Let me ask you a stupid question if you allow : Are there...
Hi AJ

I think about every trader has experienced similar frustrations.

Are there Fixed Rules (The Holy Grail) to make ALL people winners (In Trading) ? Or is it Variable depending on the person?

Both...

I believe both, depending how are brains are wired. All over the world kids go to school to be educated on what's right and what's wrong. Kids taught to spew answers to spewed questions. But not to think.

"Thinking is not agreeing or disagreeing; that's voting".
Robert Frost

We have basic rules for each PASR. Basic PASR, Trend PASR, Swing PASR, and 5m PASR. The common denominator for all is PASR. Price Action at Support and Resistance. Where is S/R???? answer... Where there is price action.

Attached Image


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Click to Enlarge Name: engulfing_bars.jpg Size: 41 KB


or something that communicates to you that there is the potential for a move.

Then there is the #1 rule... Capital preservation.

I think I saw somewhere that you are an engineer of some sorts. As an engineer you have absolute right and absolute wrong answers. There is NOTHING absolute about trading. If you are not comfortable with being wrong any number of ways it will directly influence every trade. Just yesterday I was yelling at a kid working for me who refused to listen to something I was telling him concerning his own safety on the Job. He would rather be right then safe. The potential for injury was high. He finally listened.

So in your case. I don't believe it is a question of rules for trading. Maybe rules for your own personal conduct as it relates to trading. Rules like this are not one size fits all. Be patient and figure out what those are for you.

Hopefully this helps a bit.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
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