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Strat's PASR Long Term, Stress Free Trading

  • #6,121
  • Aug 4, 2018 11:05pm Aug 4, 2018 11:05pm
Happy Trend.
You're right. Nine bars bars give or take with a breakout.
Thank you. In the future I'll use my good eye.
Frank
  • #6,122
  • Aug 5, 2018 12:07am Aug 5, 2018 12:07am
Quoting Rufus
{quote} 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....
I feel the same.
I found the price is the key for the trading but I didn't know where to start until I found this thread.
My trading life is different now.
We don't see things as they are, we see them as we are.
  • #6,123
  • Edited 1:36am Aug 5, 2018 12:12am | Edited 1:36am
Quoting Rufus
{quote} 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...
Hi Rufus,
I particularly like your words 'We grow up for years thinking losing is bad. When in actuality losing is a part of trading and life. '
I have been busy these days so just come here once a week.
I agree with you about the demo trading. I am going to start 1 smallest position for the daily time frame trading in the coming week.
Again, thank you for your time.
We don't see things as they are, we see them as we are.
  • #6,124
  • Edited 1:36am Aug 5, 2018 12:16am | Edited 1:36am
Quoting strat
PASR {quote} 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.
Thanks Strat.
That is a very good point.
I immediately learned about stop from Samson and the historical moment from Darko by their comments on my charts.
Will keep doing it.
We don't see things as they are, we see them as we are.
  • #6,125
  • Aug 5, 2018 1:06am Aug 5, 2018 1:06am
Quoting strat
USDJPY {quote} 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 {image} You have missed the REAL PASR on the Boss {image} Now SEE what the Worker is telling you! {image}
Really like this post. Another good lecture for me.
I definitely should post my charts as much as I can.
We don't see things as they are, we see them as we are.
  • #6,126
  • Aug 5, 2018 1:10am Aug 5, 2018 1:10am
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.
Take care Muku.
We will see you when you come back.
We don't see things as they are, we see them as we are.
  • #6,127
  • Edited 1:59am Aug 5, 2018 1:31am | Edited 1:59am
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 Ali,
From my short experience with PASR, you won't over trade if you exactly follow the process of analysis of PASR.
Not sure if you have read all the posts here. on the page 19, post #371, Strat shared his analysis process.
Another post from Strat between page 20 and page 30 was his analysis process as well.
Those become my guide line before I take any trade now.
I was always over trade before, but I don't do it anymore.
I would suggest you not to think about making money now. Just think about doing right thing first.
Right things for PASR trading to me are as follows:

  1. Have I read and understood the theory?
  2. Do I EXACTLY follow the analysis process?
  3. Do I find my comfortable time frame to trade in terms of my time availability and the money I accept to loss when TL?


Just like any business, if you do right thing, the right result will come to you sooner or later.

We don't see things as they are, we see them as we are.
  • #6,128
  • Aug 5, 2018 1:56am Aug 5, 2018 1:56am
Quoting Rufus
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...
'Traders technically have no one to point to but themselves.' -- That is soooooo true.

One book I read talked about some institutional traders failed when they started to trade themselves. The reason is because they have a 'manager' to force them to get out when their trade is wrong in an organisation.
We have no one but ourselves to correct us.
That’s something really hard for us.
We don't see things as they are, we see them as we are.
  • #6,129
  • Aug 5, 2018 3:16am Aug 5, 2018 3:16am
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 don’t predict anything. I’ll post charts I find interesting during my end of week look through.

No one knows what the market will do.

RBA interest decision next week
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,130
  • Aug 5, 2018 3:52am Aug 5, 2018 3:52am
Quoting Frank0
Happy Trend. You're right. Nine bars bars give or take with a breakout. Thank you. In the future I'll use my good eye. Frank
Perhaps also delete some lines on your chart. They might be acting as a mental block.

I only draw in what I’m using in the moment.

Don’t try to predict and don’t overthink things.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,131
  • Aug 5, 2018 4:56am Aug 5, 2018 4:56am
Good day team, I wanted to share some of the trades I have opened last week. Most of the reasoning is found in the charts but if Strat or anyone else wants to ask why I did so, I could get into more details. Last couple weeks have been very progressive from the psychological side again. Re-read TITZ, closed a couple of profitable trades and spent most of Friday and Saturday reading the old thread, collecting some notes. I could post them here if anyone is interested.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUD2018_08_02_Before.png Size: 84 KB
Click to Enlarge Name: USDCAD2018_07_31_Before.jpg Size: 210 KB
  • #6,132
  • Edited 6:32am Aug 5, 2018 6:06am | Edited 6:32am
Weekend analysis. Can you please kindly comment on the SRs I draw? I am not sure if I did it correctly. Many thanks.
EUR/USD.
Price vs SR: Price is around S/R @1.1584.
Price @ Boss: Price is on the side way towards to break down WCC.
Big Boss vs Boss: They are in harmony.
Candles: Boss has no signal, Worker has no signal. Candles consolidate for 10 weeks.
WCC: The current WCC was 8 weeks away. The Price is on the bottom of the WCC.
Overall: I don't know where the price goes. If it goes up, then might be up trend; if goes down, then go back to old side way.
Plan: Wait for PASR. Short on the first retracement when the price goes down. Or long when price goes up.

Big Boss: two dojis with one small red. Price is on the last retrace level.
Attached Image (click to enlarge)
Click to Enlarge Name: 20180804_EURUSDMonthly.png Size: 69 KB

Boss: the green lines are WCC area.
Attached Image (click to enlarge)
Click to Enlarge Name: 20180804_EURUSDWeekly.png Size: 63 KB

Worker:
Attached Image (click to enlarge)
Click to Enlarge Name: 20180804_EURUSDDaily.png Size: 70 KB
We don't see things as they are, we see them as we are.
  • #6,133
  • Aug 5, 2018 6:32am Aug 5, 2018 6:32am
GBP/USD. Again, could you please comment? Many thanks. There are so many SRs in my eyes. I feel something is wrong about it.

Price vs SR: Price is in the middle of S_1.2954 and R_1.3100.
Price @ Boss: Price is on main down trend. It is kind of bottom.
Big Boss vs Boss: They are in harmony. Both agree the down trend.
Candles: Boss has no signal, Worker has no signal.
WCC: The current WCC is from last week.
Overall: Price is not close to SR. So I just watch.
Plan: Set up price alert on both SR and wait.

Big Boss:
Attached Image (click to enlarge)
Click to Enlarge Name: 20180804_GBPUSDMonthly.png Size: 78 KB

Boss:
Attached Image (click to enlarge)
Click to Enlarge Name: 20180804_GBPUSDWeekly.png Size: 66 KB

Worker:
Attached Image (click to enlarge)
Click to Enlarge Name: 20180804_GBPUSDDaily.png Size: 68 KB
We don't see things as they are, we see them as we are.
  • #6,134
  • Aug 5, 2018 6:35am Aug 5, 2018 6:35am
Quoting Victoria2017
GBP/USD. Again, could you please comment? Many thanks. There are so many SR. I feel something is wrong about it. Price vs SR: Price is in the middle of S_1.2954 and R_1.3100. Price @ Boss: Price is on main down trend. It is kind of bottom. Big Boss vs Boss: They are in harmony. Both agree the down trend. Candles: Boss has no signal, Worker has no signal. WCC: The current WCC is from last week. Overall: Price is not close to SR. So I just watch. Plan: Set up price alert on both SR and wait. Big Boss:{image} Boss: {image} Worker: {image}
Hi Victoria

Exactly which support lines do you want a comment on?

Chill out, get rid off them all.

Start again with just two and make them count.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,135
  • Aug 5, 2018 6:39am Aug 5, 2018 6:39am
Quoting BeyondTheSea
{quote} Hi Victoria Exactly which support lines do you want a comment on? Chill out, get rid off them all. Start again with just two and make them count.
Of not off. Hate iPhone and forums!
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,136
  • Aug 5, 2018 6:53am Aug 5, 2018 6:53am
Quoting BeyondTheSea
{quote} Hi Victoria Exactly which support lines do you want a comment on? Chill out, get rid off them all. Start again with just two and make them count.
Hi BeyondTheSea,
I get rid of all and redraw them.
Could you please comment? Thanks.

Big Boss: 2 SR
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly_SR.png Size: 66 KB

Boss: another 3, total 5
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly_SR.png Size: 79 KB

Worker: 2 more, total 7
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily_SR.png Size: 72 KB
We don't see things as they are, we see them as we are.
  • #6,137
  • Aug 5, 2018 7:15am Aug 5, 2018 7:15am
Quoting Victoria2017
{quote} Hi BeyondTheSea, I get rid of all and redraw them. Could you please comment? Thanks. Big Boss: 2 SR {image} Boss: another 3, total 5 {image} Worker: 2 more, total 7 {image}
Try ALL of them with just 1 for support and 1 for resistance.

Use the the close of the big boss, refine with the boss and fine tune with the worker.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,138
  • Aug 5, 2018 7:44am Aug 5, 2018 7:44am
Quoting BeyondTheSea
{quote} Try ALL of them with just 1 for support and 1 for resistance. Use the the close of the big boss, refine with the boss and fine tune with the worker.
By that I meant clear all of them with just two remaining for the timeframe you are trading.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,139
  • Aug 5, 2018 8:14am Aug 5, 2018 8:14am
Quoting Svolacius
Good day team, I wanted to share some of the trades I have opened last week. Most of the reasoning is found in the charts but if Strat or anyone else wants to ask why I did so, I could get into more details. Last couple weeks have been very progressive from the psychological side again. Re-read TITZ, closed a couple of profitable trades and spent most of Friday and Saturday reading the old thread, collecting some notes. I could post them here if anyone is interested. {image} {image}
Hi Svolacius,

Regarding to USDCAD trade, I have a few things that I saw which I do not think it is short-able. However, I am still new to PASR so I could be wrong.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 215 KB


I do not know whether Dynamic SR still matter for PASR anymore since rarely anyone use it in new thread, and strat mention the DSRI is a mock to indicator land trader. However, if it still matter, there is an immediate DSR support on my chart that seems to supporting the price for now.

Then there is Italian ice cream man that hit on 50% level confluence. (Which is another thing that I am not sure if it still matter) This price worked as daily resistance around March, 18 May and support around 14 & 15 June.

And then after zoomed out,
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 185 KB


On weekly chart, it also seems its right above strat shadow (while I think you aware of this as your chart). In my understanding, unless it is supported by 2 "LH and LL", or its a scout trade, it should not sell against a green strat shadow.

I do not know how to ask a good question, so I point out what I see and hope you can give me more insight on why this trade.
  • #6,140
  • Aug 5, 2018 8:18am Aug 5, 2018 8:18am
Quoting BeyondTheSea
{quote} Of not off. Hate iPhone and forums!
Ha ha... Iphone + forum is crazy know...
Focus, Patience, Discipline, Determination and Perseverance
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