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Strat's PASR Long Term, Stress Free Trading

  • #6,381
  • Aug 21, 2018 4:22pm Aug 21, 2018 4:22pm
Quoting fxlrich
AUD/JPY - a trade iv just opened, lets see how it goes. Weekly (BB) - Price at major support level Daily (B)- Long wick hammer at support + BUEB the next day. Big Boss and Boss both showing bullish signs. Was just waiting for the worker to do the same, which we just got. 4HR (W) - Price broke and closed above major S/R and consolidated above it, inside strat shadow. 4hr Bar just closed on my broker. A strong BUOB that breaks consolidation and closes above strat shadow. - Seeing as its a counter trend trade i am only looking to trade it to first...
Good luck. Might take awhile to get there though..
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,382
  • Aug 21, 2018 11:25pm Aug 21, 2018 11:25pm
Quoting BeyondTheSea
{quote} Good trading It's a whole new ball game holding onto them but that's where the money is
Thanks BTS, I could also improve on getting less losers so they wouldn't diminish the profits of bigger winners.
I was in EUR/AUD short again, but it hit my SL. Not a huge loss, but still shows that I have a bias and don't react to PA when it signals that my idea won't work..
  • #6,383
  • Aug 22, 2018 1:32am Aug 22, 2018 1:32am
Quoting Svolacius
{quote} Thanks BTS, I could also improve on getting less losers so they wouldn't diminish the profits of bigger winners. I was in EUR/AUD short again, but it hit my SL. Not a huge loss, but still shows that I have a bias and don't react to PA when it signals that my idea won't work..
Me too. Learning to lose is just as important as learning to win I think. We’ll always get them, as long as my loss is planned and I don’t deviate from that plan then I think I’m doing the right thing.
It’s practice and experience. It’s going to take me years not months but at least I KNOW I’m on the right track now.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,384
  • Aug 22, 2018 4:13am Aug 22, 2018 4:13am
It’s also important to be positive about the stop outs. You should be using good money management and always remember the No 1 rule.
Also my edge is in not giving myself any time related goals to trading.
Reading through FF I get the impression that if you become a trader that his only goal is to have mastery over his own mindset, attitude and method then you become the minority by a factor of probably 99.9% compared with the rest.
When Strat talks about it taking years to become a professional he isn’t talking about learning charts, Price action and trade management.
It’s a process of resilience, emotional intelligence and patience with the whole process.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #6,385
  • Aug 22, 2018 5:34am Aug 22, 2018 5:34am
Well said BTS. Never thought I would be in such a great community here of FF, because it's full of fake traders, "education" and EA sellers that I never really considered this site to be of any use. It's going to be my first full year on this thread in a couple of months and Strat has really done a great job teaching us and basically leading us the the answers instead of giving out them left and right. Great education that you have to find, learn and apply yourself and after doing that for some time I really feel the difference. I often check my first posts on this thread and compare them to most recent ones and it really shows. Trading journal is another great tool that helps to track your progess in terms of percentages as well as pshychological aspects if you track them.

Each day I open the thread to read, learn and understand all the information and never felt discouraged to do it all again tomorrow. Glad that I found you guys, since I am devoting all of my free time to trading as it is a great way to learn a lot about myself - I've never been so immersed in psychology and the way our minds work. Still have a long way to go but I probably am one of the youngest members here!
  • #6,386
  • Aug 22, 2018 5:55am Aug 22, 2018 5:55am
Entered this on the break of the two shooting stars, but closed this morning with the big buy candle.

And on a side note I had to replace both headlight globes in my car tonight. What a bastard of a job! My hands are too big to fit in those little spaces.
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  • #6,387
  • Aug 22, 2018 6:10am Aug 22, 2018 6:10am
XAU USD 1 h Trend Trading

Entered yesterday on the BUEB (see arrow). My SL ist derived from the last swing of the Boss (4 h).

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  • #6,388
  • Aug 22, 2018 7:11am Aug 22, 2018 7:11am
Quoting Rub
Entered this on the break of the two shooting stars, but closed this morning with the big buy candle. And on a side note I had to replace both headlight globes in my car tonight. What a bastard of a job! My hands are too big to fit in those little spaces. {image}
I did the same, Rub, might wait for another opportunity again, did not lose a dime on this trade.
  • #6,389
  • Aug 22, 2018 7:35am Aug 22, 2018 7:35am
Quoting Svolacius
Well said BTS. Never thought I would be in such a great community here of FF, because it's full of fake traders, "education" and EA sellers that I never really considered this site to be of any use. It's going to be my first full year on this thread in a couple of months and Strat has really done a great job teaching us and basically leading us the the answers instead of giving out them left and right. Great education that you have to find, learn and apply yourself and after doing that for some time I really feel the difference. I often check my...
I have been looking at Fx for quite a few years now. Most of this time has been with out the use of indicators all over my charts. My struggle had been in trading specifics if that makes sense. Maybe what I'm tying to say, too discretionary. Since seeing PA with the use of the Strat Shadow, S/R, PASR it has made a tidy package of clear tradeable understanding.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #6,390
  • Aug 22, 2018 9:31am Aug 22, 2018 9:31am
GBPAUD

Quoting Rub
Entered this on the break of the two shooting stars, but closed this morning with the big buy candle. And on a side note I had to replace both headlight globes in my car tonight. What a bastard of a job! My hands are too big to fit in those little spaces. {image}
Come on Rub, you should be doing better than that by now!

Why didn't you SEE support indicated by my BLACK line on your chart?

Why didn't you SEE the candle (doji) in the BLUE box telling you that DOWN move was over?

You can do much better than this!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,391
  • Aug 22, 2018 11:28am Aug 22, 2018 11:28am
EUR/USD

Hello to everybody
I am watching this pair that is not far from the WCC's resistance.
If there is a breackout, I will expect the price to return to retest of the new support.
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Frank
  • #6,392
  • Aug 22, 2018 11:37am Aug 22, 2018 11:37am
AUD/NZD WCC

I see some indecision....
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Frank
  • #6,393
  • Aug 22, 2018 1:11pm Aug 22, 2018 1:11pm
EURUSD

Quoting windofmarch
EUR/USD Hello to everybody I am watching this pair that is not far from the WCC's resistance. If there is a breackout, I will expect the price to return to retest of the new support. {image}
PASR does not trade break outs of any kind. PASR trades CLOSED candles.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,394
  • Aug 22, 2018 1:15pm Aug 22, 2018 1:15pm
AUDNZD

Quoting windofmarch
AUD/NZD WCC I see some indecision.... {image}
Here is what I see - a crappy pair!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,395
  • Aug 22, 2018 1:17pm Aug 22, 2018 1:17pm
Hello Strat how are you? Im Back.


I have a question... Thinking in W1 D1 and H4. BigBoss W1, Boss D1 and H4 Worker.. If i want to trade the Swing Boss in D1, my entry is going to be in my worker H4 and change to D1 for managing the trade, im correct? Thank you.
  • #6,396
  • Aug 22, 2018 1:29pm Aug 22, 2018 1:29pm
[quote = strat; 11396607] EURUSD {quote} PASR non scambia break-out di alcun tipo. PASR scambia candele chiuse. [/ Quote]
Hi Strat, congratulations on the thread, very informative. I meant to say that before entering I expect a pullback, as a small conservative trader. Of course, the pullback pasr must be a closed candle.
Best regards.
Frank
  • #6,397
  • Aug 22, 2018 1:32pm Aug 22, 2018 1:32pm
EUR USD
Hi Strat, congratulations on the thread, very informative. I meant to say that before entering I expect a pullback, as a small conservative trader. Of course, the pullback pasr must be a closed candle.
Best regards.
Frank
  • #6,398
  • Aug 22, 2018 1:36pm Aug 22, 2018 1:36pm
PASR Worker Swing Trading

Quoting HappyTrend
Hello Strat how are you? Im Back. I have a question... Thinking in W1 D1 and H4. BigBoss W1, Boss D1 and H4 Worker.. If i want to trade the Swing Boss in D1, my entry is going to be in my worker H4 and change to D1 for managing the trade, im correct? Thank you.
Yes but your wording is incorrect - Boss refers to Weekly time frame.

To trade the Worker Swing on H4, you FIRST identify the Swing on the Worker THEN enter on H4 and manage the trades on the Worker. Add Ons are identified and made on H4 but Trade Management is on the Worker.

Samson and maybe BTS trade the Worker swing on H4.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,399
  • Aug 22, 2018 1:46pm Aug 22, 2018 1:46pm
Quoting strat
PASR Worker Swing Trading {quote} Yes but your wording is incorrect - Boss refers to Weekly time frame. To trade the Worker Swing on H4, you FIRST identify the Swing on the Worker THEN enter on H4 and manage the trades on the Worker. Add Ons are identified and made on H4 but Trade Management is on the Worker. Samson and maybe BTS trade the Worker swing on H4.

Ok good. Thank you.
  • #6,400
  • Aug 22, 2018 2:09pm Aug 22, 2018 2:09pm
Quoting strat
PASR Worker Swing Trading {quote} Yes but your wording is incorrect - Boss refers to Weekly time frame. To trade the Worker Swing on H4, you FIRST identify the Swing on the Worker THEN enter on H4 and manage the trades on the Worker. Add Ons are identified and made on H4 but Trade Management is on the Worker. Samson and maybe BTS trade the Worker swing on H4.
Not that many these days on H4, however this was a recent one. I have identified a bit of a weak bias in me when going long on stuff I tend to use H4 for longs and Daily/Weekly for shorts. Just seem to be affected by the gravity bias and confidence I think....

I may have to turn my screen upside down or stand on my head, perhaps.

Anyway charts below... my exit was at the Boss 20MA shadow (in this case Daily). I was thinking about adding on as well but the top of the SS was 30 pips away from the 200 ma and my next level so it was enough for me to be content with 100 or so pips (even though it didn't turn out to be a true SS because the move maybe part of a bigger swing I think).

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