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Strat's PASR Long Term, Stress Free Trading

  • #6,101
  • Aug 2, 2018 8:53am Aug 2, 2018 8:53am
Quoting Rufus
{quote} 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...
Dear Mr. Rufus

At the beginning, I would like to thank you for your beautiful interventions, which affect the core of the subjects .

Quote
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.

Let me tell you something about myself:
I see : In terms of Entry and Exit points, Support and Resistors, all of them were covered almost entirely in the PDF file at the beginning of this thread . All articles here are duplicates of what is in the file.

You have been diagnosed wrong (In Me) from the beginning.
My problem is not technical, my problem purely psychological .

Perhaps my background in engineering is causing unfavorable reflections to work in "The World of Probability" .
I have read a lot of books in this area.I watched a lot of videos & webinars .
But I could not find the water that could satisfy my thirst .

You tell me, keep going . In fact, I have no problem at all , I love to be (Trading & Learning & Reading ) .

My problem is : ( I see myself running in a closed circle. Everything is repeated ) ,and I'm trying to get out of this circle.
There is Light at the End of the Tunnel.
  • #6,102
  • Aug 2, 2018 9:47am Aug 2, 2018 9:47am
Quoting Ali.J
{quote} ..... I see : In terms of Entry and Exit points, Support and Resistors, all of them were covered almost entirely in the PDF file at the beginning of this thread . All articles here are duplicates of what is in the file. ......
Ali.J,


Relax man . Learning to trade is some sort of self discovery in a way. Even If we get the guidance from veteran trader like Strat (for free ..)...Still its US who should go through THE PATH ... And that will be all blood and tears. Its not flowery road. That's why its hard.

figure out a way to keep you motivated. take one step at a time.


P.S. Looks like your journey in PASR is over?..you gone back to TMS? and thread hop?
Focus, Patience, Discipline, Determination and Perseverance
  • #6,103
  • Aug 2, 2018 9:58am Aug 2, 2018 9:58am
Quoting Suran
{quote} Ali.J, Relax man . Learning to trade is some sort of self discovery in a way. Even If we get the guidance from veteran trader like Strat (for free ..)...Still its US who should go through THE PATH ... And that will be all blood and tears. Its not flowery road. That's why its hard. figure out a way to keep you motivated. take one step at a time. P.S. Looks like your journey in PASR is over?..you gone back to TMS? and thread hop?
Dear Suran

I am really happy when you and others try to offer the help to me

When the price moves higher, the movement will be very clear and without any indication to tell me that . This is what I believe in .

So i do not need to any Indicators to use when i want to trade . But I want to set rules that determine my emotions and make them not affect my vision price .
There is Light at the End of the Tunnel.
  • #6,104
  • Aug 2, 2018 12:31pm Aug 2, 2018 12:31pm
GBPCAD M5 PASR Trend Trading 132 pips

Money being given away on GBPCAD even in my PST time!

Problem is it took 31/2 hours which is a very low rate of return compared to the Worker

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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,105
  • Aug 2, 2018 6:57pm Aug 2, 2018 6:57pm
XAUUSD / GOLD

BB
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It is overall ranging in big boss.
Immediate trend is down.
Past two month it crosses through strat shadow and support around 1242.261 after the 4 month IB.
It could move toward the next support.

B
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Price had BEEOB through the monthly SR and then forming a shooting star alike candle which had proven failed.
I will look for PASR in daily chart once current week candle close below 1211.781 SR.
The next two weekly SR are ranked pretty weak because they almost always being pierce through by price in a strong trend unless consolidation or when complex swing passed by.

W
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Red waterfall where strat shadow doing its job.
I was tempted to enter today's close due to it making a new low and two previous engulfing candle.
If I did, it will be SL 1235.388, TP1 + SL to BE on 1190.069 (2nd weak SR below the price), TP2 on 1178.503(monthly SR), and then trailing last swing low.
However, weekly candle have not closed. I do not know if the support will hold at 1211.781. So if in doubt, stay out.

Any advice is appreciated.

----

Side question, what are the format you guys generally record your trades. On a trade journal posts? On excel? Mind sharing?
  • #6,106
  • Edited 12:31am Aug 3, 2018 12:21am | Edited 12:31am
Quoting huatzhi
XAUUSD / GOLD BB {image} It is overall ranging in big boss. Immediate trend is down. Past two month it crosses through strat shadow and support around 1242.261 after the 4 month IB. It could move toward the next support. B {image} Price had BEEOB through the monthly SR and then forming a shooting star alike candle which had proven failed. I will look for PASR in daily chart once current week candle close below 1211.781 SR. The next two weekly SR are ranked pretty weak because they almost always being pierce through by price in a strong trend unless...

I have been saving my trades as a screenshot when I set the pending order, another when it activates, and another with the closed trade. All in a folder of their own, with the pair and the date I set the pending order. Also put a small text file with a few notes on what I was thinking.

If anyone has a better way I'm all ears!

EDIT: And I agree it's not the time to short gold. Without doing a thorough analysis, my quick look is I'd like to see it close below 1200, or good price action at that level.
  • #6,107
  • Aug 3, 2018 2:59am Aug 3, 2018 2:59am
Hi guys,


Its NFP today. So any of you guys trading M5 ? I know NFP means trouble. But will it effect non USD pairs? Or is it better to stay out.


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #6,108
  • Aug 3, 2018 3:49am Aug 3, 2018 3:49am
Quoting Suran
Hi guys, Its NFP today. So any of you guys trading M5 ? I know NFP means trouble. But will it effect non USD pairs? Or is it better to stay out. Suranga
GBPCAD Update

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Pre-NFP profits locked in.

Suranga, NFP can affect all the majors in seemingly illogical moves. Nobody knows, so I'm either flat or I protect my money.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,109
  • Aug 3, 2018 4:03am Aug 3, 2018 4:03am
Awful tempting as a basic PSAR trade, bit I'm not taking it with NFP later.
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  • #6,110
  • Aug 3, 2018 4:09am Aug 3, 2018 4:09am
Quoting Rub
Awful tempting as a basic PSAR trade, bit I'm not taking it with NFP later. {image}
I've turned off my charts. Have 2 or 3 setups that look like I'd take them normally but can't bring myself to do it today so turned off MT4 completely.
Only way to make sure I won't get myself into trouble!
Fridays are hard enough without the biggest news in the industry hitting too.
Study enough and it all starts looking like the Matrix...
  • #6,111
  • Aug 3, 2018 4:18am Aug 3, 2018 4:18am
Quoting samsonwebdes
{quote} I've turned off my charts. Have 2 or 3 setups that look like I'd take them normally but can't bring myself to do it today so turned off MT4 completely. Only way to make sure I won't get myself into trouble! Fridays are hard enough without the biggest news in the industry hitting too.
Yes.
I'm about to head off for pizza. I've got a USD/JPY trade running and EUR/CAD not too far from my target. I've just checked the 4hr candle, but I'm going to leave it all to run and trust it will work out.

Keeping hands off can be the hardest part, but keeping myself busy away from the computer helps.

To a glorious weekend!
  • #6,112
  • Aug 3, 2018 5:55am Aug 3, 2018 5:55am
Quoting BeyondTheSea
{quote} GBPCAD Update {image} Pre-NFP profits locked in. Suranga, NFP can affect all the majors in seemingly illogical moves. Nobody knows, so I'm either flat or I protect my money.
BTS

Thanks for reply.

Yes rule no: 1 CAPITAL PROTECTION... So, I am going back to reading...


Have good WEEKEND guys...

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #6,113
  • Aug 3, 2018 7:27am Aug 3, 2018 7:27am
Quoting Rub
{quote} I have been saving my trades as a screenshot when I set the pending order, another when it activates, and another with the closed trade. All in a folder of their own, with the pair and the date I set the pending order. Also put a small text file with a few notes on what I was thinking. If anyone has a better way I'm all ears! EDIT: And I agree it's not the time to short gold. Without doing a thorough analysis, my quick look is I'd like to see it close below 1200, or good price action at that level.
I missed that BRN, thanks for reminding.

"another when it activates"

Does it means you create a screen shot on every swing?
  • #6,114
  • Aug 3, 2018 1:22pm Aug 3, 2018 1:22pm
Yes I concur: stayed out of the markets today also.
  • #6,115
  • Aug 3, 2018 7:09pm Aug 3, 2018 7:09pm
Quoting huatzhi
{quote} I missed that BRN, thanks for reminding. "another when it activates" Does it means you create a screen shot on every swing?
Not every swing, just I create a screenshot of when the market triggers my pending order to give myself a picture of the situation when triggers. That way I can maybe see something after the close of the trade that I should've seen at the time. It can be some time before my trades trigger after setting them, like my recent USD/JPY trade took three days before it triggered.
  • #6,116
  • Aug 4, 2018 8:51am Aug 4, 2018 8:51am
Looking Ahead

GBPAUD

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EURAUD

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GBPJPY

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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,117
  • Aug 4, 2018 6:48pm Aug 4, 2018 6:48pm
Beyond The Sea, aka Bobby
I have a WCC on GA marked in white square.
Pulled the numbers marked on the chart from data window.
I show no break of the of the 1st bar lo so does the WCC remain in effect for another week?
Thanks Frank0
https://www.forexfactory.com/attachm...1&d=1533426984
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  • #6,118
  • Aug 4, 2018 8:16pm Aug 4, 2018 8:16pm
Happy weekend all

Every year around this time I rethink all I do and not just with trading. This year is proving to be a revamping of a lot of what is done for trading.

Detailing out in writing my trading plan for 5m PASR, Trend PASR, Basic PASR, and Swing PASR. There is a plan in place right now, mainly scribbled on index cards. I want specific things included that will ultimately make its way to my trading journal, which is getting a total overhaul. The Journal will be keeping track of not only trades and charts, but will also include things like day of the week, emotional state, time frame, just to name a few.

Another August project that will continue for a number of months.... Working on using PASR during the Asian session. On my side of the globe especially in my time zone it would be handy. The way I figure, if there is a way to extract 20 to 30 pips daily on average from this session I will have to find it.

Now for some psychology stuff.

Two days ago a kid that works for me started arguing with me when I told him what he was doing was VERY unsafe. He refused to admit that he was wrong, I guess he would rather have fallen 16 feet down unfinished stairs than put a ladder square on the floor. Fiberglass step ladders can walk across the floor if they are not set up correctly. His would have walked down the stairs. I finally yelled at him to shut the F@@@ up and quit arguing with me about things I am trying to teach him to keep his sorry ass safe.

So what does this have to do with trading?

90% of small business fail in the first 5 years. 90% of traders don't become hugely successful. Of this 90% what percentage refuse to take responsibility for their own actions? Could it be 80 or 90%? Blaming and pointing fingers seems to be the modus operandi for most of the employee, business, and corporate world. Traders technically have no one to point to but themselves. Sure they can blame the broker for stop hunting. Or Trump for saying something, or the guru who called the trade. But who placed the trade? Unless we are 100% comfortable with the outcome win or lose, 100% comfortable with accepting all risk, and also claiming all responsibility for actions we should not place the trade.

When you are out and about doing things watch people shift blame from themselves to others or some other thing. It is an epidemic.

I have yelled at people for years now for not taking responsibility for their own actions. God save them if they try to push blame toward me when it is not warranted. Or they push undeserved blame toward those that work for me. I guess when you have been self-employed for almost 30 years you start to not give a shit about stepping on toes. I digress... It may sound like I am a hard-ass to work for, but I'm not, had people work for me for 15 years. Just a hard-ass on those who do or say stupid things around me and not take responsibility.

Anyway. Some weekend thoughts for you all.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,119
  • Edited 8:38pm Aug 4, 2018 8:28pm | Edited 8:38pm
Quoting Frank0
Beyond The Sea, aka Bobby I have a WCC on GA marked in white square. Pulled the numbers marked on the chart from data window. I show no break of the of the 1st bar lo so does the WCC remain in effect for another week? Thanks Frank0 {image} {image}

I still leave it as a WCC. For all we know the traders Monday morning in London will use it as support. I like a WCC to be completely busted not kinda busted.

(EDIT)

After looking closer to the chart.

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It has spent 11 weeks bouncing around in there with about a 375 pip range. Maybe a good candidate for some Basic PASR on smaller time frames. But I do see the potential for BTS has laid out in his charts.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,120
  • Aug 4, 2018 8:30pm Aug 4, 2018 8:30pm
Quoting Frank0
Beyond The Sea, aka Bobby I have a WCC on GA marked in white square. Pulled the numbers marked on the chart from data window. I show no break of the of the 1st bar lo so does the WCC remain in effect for another week? Thanks Frank0 {image} {image}
The WCC is that red candle of may 25.

9 Candles ago aprox.

And Current Candle, close bellow of that WCC.


Im correct?
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