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Strat's PASR Long Term, Stress Free Trading

  • #6,201
  • Aug 8, 2018 11:11am Aug 8, 2018 11:11am
Quoting Bolan
Sorry Strat for ask this Question, but I have tried to search the answer in this threat but can't find. I know a little bit about pasr and practice and learn every day, and I am first in 1,5 years in profit with 10 % in 3 weeks and I think I am on a good way, but now my question I never risk more than 3 % percent of my capital on trades, but this are 170 pips on the smallest lot and I think thats too big, I know that the EUR/USD has a daily range from 90 pips / per day but I always wait for the trade to come close to the monthly support or resistance...
I believe most of your questions are answered in Strat's teachings also known as The Path. Make sure you read and understand it well. Especially the SL placements, lot sizes, dangers of increasing lot size just to get higher profit without being able to afford the loss and planning the trade from loss side rather than the profit.
  • #6,202
  • Aug 8, 2018 11:34am Aug 8, 2018 11:34am
Strat,

"The BOSS PASR on week ending June 22, 2018 was my signal to enter short on the Worker."

This sentence without the prepositional phrase "on the worker" solves my problem nicely.


"Make SURE you UNDERSTAND the POWER of TIME FRAMES"

I first became aware of the power of time frames 3 or 4 years ago in the comedy thread.


"This is what happens when you waste time on the Comedy Thread"

Emmanuel is a strong proponent of time frame power. He currently comes up with some
very good price action examples. They work well with what were doing here. As far as indicators go,
I left those 3 or 4 weeks before I met you.

Thank you for the clarification on GA.

Frank
  • #6,203
  • Edited 4:09pm Aug 8, 2018 12:07pm | Edited 4:09pm
Power of Time Frames

Quoting Frank0
Strat, "The BOSS PASR on week ending June 22, 2018 was my signal to enter short on the Worker." This sentence without the prepositional phrase "on the worker" solves my problem nicely. "Make SURE you UNDERSTAND the POWER of TIME FRAMES" I first became aware of the power of time frames 3 or 4 years ago in the comedy thread. "This is what happens when you waste time on the Comedy Thread" Emmanuel is a strong proponent of time frame power. He currently comes up with some very good price action examples. They work well with what were doing here. As...
"Make SURE you UNDERSTAND the POWER of TIME FRAMES"

I first became aware of the power of time frames 3 or 4 years ago in the comedy thread.

Ask yourself where the Comedian got them from?

The Power of Time Frames have been in PASR since 2009 !!!!!!!!!!!!!

He currently comes up with some very good price action examples.

Occasionally only, and ONLY then, after he has been alerted by his indicators.

If, as you say, you are interested in PRICE ACTION, why would you waste time on the Comedy Thread which is so diluted and now caters to everything and anything anyone wants to post on there?

This is like saying "I want to learn how to paint like the Masters" so I will take a Home Decorating class!
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,204
  • Aug 8, 2018 12:56pm Aug 8, 2018 12:56pm
PASR

Quoting gembel
hello pardon my intrusion in such a good discussing.. will read through more at first thread to dig some more.. xauusd, do we got harmony, plenty of S/R below thx {image} {image} {image}
will read through more at first thread to dig some more

No need to "dig" - it is all there in The Path in a logical progression - start at the beginning and finish, if you can ever identify when you are "finished".

You need to WIPE CLEAR all the other crap you have filled your trading brain with during your THREAD HOPPING trading journey and start with an open, unbiased mind.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,205
  • Aug 8, 2018 1:16pm Aug 8, 2018 1:16pm
Hi guys,

I am taking a time off. I am fighting for a sick kitten's (abandoned) life I've found near a roadside couple of days ago. I cannot concentrate anything these days..so no reading.. no trading..I don't know what will happen to her as she is very sick.

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When her fate decide about her life one way or the other, shall come back.

Anyway I learned good lesson on trading psychology these days. If my mind is not fully in the trading then better stay out..


rgds

P.S. wish me luck guys. And sorry for posting non trading related thing..

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #6,206
  • Aug 8, 2018 1:30pm Aug 8, 2018 1:30pm
PASR

Quoting Bolan
Sorry Strat for ask this Question, but I have tried to search the answer in this threat but can't find. I know a little bit about pasr and practice and learn every day, and I am first in 1,5 years in profit with 10 % in 3 weeks and I think I am on a good way, but now my question I never risk more than 3 % percent of my capital on trades, but this are 170 pips on the smallest lot and I think thats too big, I know that the EUR/USD has a daily range from 90 pips / per day but I always wait for the trade to come close to the monthly support or resistance...
In my opinion I have to tighten the stop loss (The pips) to increase the lot size and gain more profit,

Then either you are not far on The Path or, if you are, you have learned very little!

Your statement is the polar opposite of what PASR traders do.

It seems you are driven by PROFIT which again, is the polar opposite of PASR traders who, instead, are driven by our # 1 RULE.

You should follow the guidance given by Svolacius to you in his Post 6202 and heed his words very closely as he is a very good example of a student progressing very well on The Path.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,207
  • Aug 8, 2018 1:59pm Aug 8, 2018 1:59pm
PASR

https://www.forexfactory.com/showthread.php?t=155459

Thank you, Pete, for your post and appreciation on my "old" original thread above.

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For our North American and other non - Anglicised students, bonnet is the ""hood"".
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,208
  • Aug 8, 2018 2:03pm Aug 8, 2018 2:03pm
Quoting strat
PASR {quote} Keep at it, you are not missing anything - just making the transition from shorter time frames to the more powerful longer time frames.

When you said that the only levels that you take a look is only "BOSS LEVEL" because u are trading the "Swing Boss".

1) Then what is the reason for take a look the "Big Boss" "Support-Resistances Big Boss"?

I mean at the start i was drawing S&R of BB, B and Worker... But now that u said the only levels that you are focus is in Boss Level.

2) Then the WCC is only for those who like to trade inside of it? When you are trading the Boss Swing, doesnt matter anymore the WCC?

Just going in the direction of the swing, and if that candle is WCC exist more chance to that trade takes more time for develop.

3) Where was your stoploss? Above of 1.8240 or 1.8508?

My Stoploss was above of 1.8240 aprox

****************************************************

When are you going to decide close your GBPAUD trade? Thank you for these posts, those post are opening me eyes more! , i hope you can continue posting the develop of that trade.
  • #6,209
  • Aug 8, 2018 2:15pm Aug 8, 2018 2:15pm
Quoting Bolan
Sorry Strat for ask this Question, but I have tried to search the answer in this threat but can't find. I know a little bit about pasr and practice and learn every day, and I am first in 1,5 years in profit with 10 % in 3 weeks and I think I am on a good way, but now my question I never risk more than 3 % percent of my capital on trades, but this are 170 pips on the smallest lot and I think thats too big, I know that the EUR/USD has a daily range from 90 pips / per day but I always wait for the trade to come close to the monthly support or resistance...

"In my opinion I have to tighten the stop los (The pips) to increase the lot size and gain more profit,"

That is a Greed Factor that can destroy you emotionally and your account. I remember those days where i have small stoploss and big lotsizes thinking in the profits that i was going to make.... And only for see the price touch my small stoploss (with big lotsizes) and then price continue going to the direction of the trade.. and continue hitting small stoploss that after destroy the account.

170points with the smallest that Forex can offer you with 0.01 is only $17usd aprox. (You said that you never risk more of 3% of your capital) then your Balance is $566usd aprox.

The traders must take this profession with a serious mind... like a bussines, because this is our work, our job. How much u are going to invest to open a Restaurant? a Bar? Icecream store? 566usd? You should to have power in your balance and dont let the "GREED EMOTION" atacks you in trying to win %%%% monthly high return...

You should to open an account with $2000usd and continue trading 0.01! Until you feel comfortable and just incrase to 0.02 That is going to help you with ur emotions, with stoploss placement, psychology the loss is going to be nothing with an account of 2k usd than a $500usd etc...

After the Years.. when you know what u are doing... when you know that you have an account with Profitable years... now you can start risking more %.



*Strat if this post is useless, i delete it*
  • #6,210
  • Aug 8, 2018 2:17pm Aug 8, 2018 2:17pm
PASR

Quoting HappyTrend
{quote} When you said that the only levels that you take a look is only "BOSS LEVEL" because u are trading the "Swing Boss". 1) Then what is the reason for take a look the "Big Boss" "Support-Resistances Big Boss"? I mean at the start i was drawing S&R of BB, B and Worker... But now that u said the only levels that you are focus is in Boss Level. 2) Then the WCC is only for those who like to trade inside of it? When you are trading the Boss Swing, doesnt matter anymore the WCC? Just going in the direction of the swing, and if that candle is WCC...
When you said that the only levels that you take a look is only "BOSS LEVEL" because u are trading the "Swing Boss".

Where did I post this - show me?
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,211
  • Aug 8, 2018 2:19pm Aug 8, 2018 2:19pm
Quoting strat
PASR {quote} When you said that the only levels that you take a look is only "BOSS LEVEL" because u are trading the "Swing Boss". Where did I post this - show me?

In this post https://www.forexfactory.com/showthr...4#post11071914


"Because, I am trading the Boss Swings on the Worker. I don't care about daily or monthly levels - I don't worry about intermediate levels between Boss swings as they are almost always just "wobble" areas. All I concern myself with is the Boss Swing"
  • #6,212
  • Aug 8, 2018 2:22pm Aug 8, 2018 2:22pm
GBPUSD

Here is why PASR traders IGNORE advice, recommendations, news, talking heads, radio shows, TV shows, Bloomberg, CNN Finacial etc., etc

Attached Image


Do you think the New York Big Boys care about what ""they"" think or say?

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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,213
  • Aug 8, 2018 2:31pm Aug 8, 2018 2:31pm
GBPAUD

Quoting HappyTrend
{quote} In this post https://www.forexfactory.com/showthr...4#post11071914 "Because, I am trading the Boss Swings on the Worker. I don't care about daily or monthly levels - I don't worry about intermediate levels between Boss swings as they are almost always just "wobble" areas. All I concern myself with is the Boss Swing"
I thought you meant on my GBPAUD posts

You are taking this COMPLETELY OUT OF CONTEXT of my GBPAUD posts! Those GBPAUD posts were all about my ENTRY into the BOSS SWING

All these questions show that you do not UNDERSTAND trading the BOSS SWING on the Worker - go back, read and learn until you UNDERSTAND.

When are you going to decide close your GBPAUD trade?

When the Big Boys STOP SELLING!
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,214
  • Aug 8, 2018 3:21pm Aug 8, 2018 3:21pm
Quoting strat
GBPAUD {quote} I thought you meant on my GBPAUD posts You are taking this COMPLETELY OUT OF CONTEXT of my GBPAUD posts! Those GBPAUD posts were all about my ENTRY into the BOSS SWING All these questions show that you do not UNDERSTAND trading the BOSS SWING on the Worker - go back, read and learn until you UNDERSTAND. When are you going to decide close your GBPAUD trade? When the Big Boys STOP SELLING!
Yes is the reason that i ask you that, and yes im continue studyng. Thank you.
  • #6,215
  • Aug 8, 2018 3:25pm Aug 8, 2018 3:25pm
GBPAUD M15

PASR just has to be the next best thing to receiving a Wealthy Inheritance!

For new traders, PASR trades stand out like a SORE THUMB!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,216
  • Aug 8, 2018 9:29pm Aug 8, 2018 9:29pm
Quoting strat
GBPAUD {quote} I thought you meant on my GBPAUD posts You are taking this COMPLETELY OUT OF CONTEXT of my GBPAUD posts! Those GBPAUD posts were all about my ENTRY into the BOSS SWING All these questions show that you do not UNDERSTAND trading the BOSS SWING on the Worker - go back, read and learn until you UNDERSTAND. When are you going to decide close your GBPAUD trade? When the Big Boys STOP SELLING!

Hahahaha now my eyes are more open... OMG, have u ever tried trade the BigBoss Swing when the set up is in there? Hahahaha its funny my balance is going up and only few minutes for check the charts.... But obviously i invest more time in studyng (Maybe minium 6 hours everyday.)

I have my personal trade management for take profit that i feel very comfortable... But i want to learn how to detect that of "When the Big Boys STOP SELLING!" , i dont know how to detect that... I remember that quote when i start reading the thread... i think it was Dr. Joe or something like that haha.

And again, Thank you Strat... the entries are awesome in the higher timeframe.... The other thing that i have detected trading higher timeframe is you never miss a single candle... so for example, lets think there is a system with 70% of profitable of the setups and when u are working maybe all that time all the set ups are loss and loss... and maybe in overnight appears all the set ups of winners (talking in lower timeframe)... And u already miss all those profitable trades... And trading Higher Timeframe Like 24hours chart, is almost impossible that u miss a single candle.
  • #6,217
  • Aug 9, 2018 3:59am Aug 9, 2018 3:59am
Quoting HappyTrend
{quote} Hahahaha now my eyes are more open... OMG, have u ever tried trade the BigBoss Swing when the set up is in there? Hahahaha its funny my balance is going up and only few minutes for check the charts.... But obviously i invest more time in studyng (Maybe minium 6 hours everyday.) I have my personal trade management for take profit that i feel very comfortable... But i want to learn how to detect that of "When the Big Boys STOP SELLING!" , i dont know how to detect that... I remember that quote when i start reading the thread... i think it...

That's exactly why I'm focusing on the exchange of the daily with boss Weekly and Bigboss monthly.

This allows us to have the time to study the graph well and know what to do, either buy, sell or like most of the time... wait

Exchanging the higher time frame allows not to spend the day eyes on the monster and live his life normally
  • #6,218
  • Aug 9, 2018 4:41am Aug 9, 2018 4:41am
Basic PASR from 4hr chart that I caught. From resistance to support while I was sleeping. Absolutely stress free as well!
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  • #6,219
  • Aug 9, 2018 4:42am Aug 9, 2018 4:42am
Thank you so much Strat.!!! Really I have been on the journey through the 'path'...really Not easy 'the patience', and 'the discipline' but you have successfully kept it very simple... That's alot***
...
Regards
Dashking
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips: 3,675
  • #6,220
  • Aug 9, 2018 6:43am Aug 9, 2018 6:43am
I have been reading and learning. I here is Aud/Usd. I check on the monthly chart and weekly chart and the trend is down base on the indicator.
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