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Strat's PASR Long Term, Stress Free Trading

  • #7,161
  • Sep 27, 2018 8:03pm Sep 27, 2018 8:03pm
Quoting Rub
{quote} Think you mean AUD/JPY with the charts posted. Big boss has tested the 80.00 level for support, big round number, I have it as support. This month hasn't closed yet but looks to have retraced most of the previous candle. Boss: last candle closed above the previous swing high, and 20EMA. Been sitting in a wobble area all this week. Currently looking like a doji, but not closed. Made a push up into resistance, but didn't get definitely rejected. Last couple of candles have been quite bullish. Maybe a week of indecision. Worker: Made a swing...
Thanks for the guidance. I just edited the post to fix the pair name.

Another question: In order to get "definitely rejected", the price need to shoot away from the SR after touching it, am I right?
  • #7,162
  • Sep 27, 2018 8:33pm Sep 27, 2018 8:33pm
Quoting huatzhi
{quote} Thanks for the guidance. I just edited the post to fix the pair name. Another question: In order to get "definitely rejected", the price need to shoot away from the SR after touching it, am I right?
Essentially yes, at the moment it's just sitting around near the resistance. Price didn't plummet away from resistance. Look at the last high on boss as I've edited in your screenshot.
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  • #7,163
  • Sep 27, 2018 9:26pm Sep 27, 2018 9:26pm
Quoting strat
PASR {quote} As commented by Szpons and bistolis, that is a glich in your broker's data feed. If that is a regular occurrence in your LIVE charts, find another broker. Thank you,Szpons and bistolis , for helping your fellow trader - TRADERS HELPING TRADERS

Hi Strat , Szpons and bistolis,


This is not from my Live account. Its just a demo account I using to practice paper trading. My live account charts do not have it as you guessed.


Thanks for the advice

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #7,164
  • Sep 27, 2018 11:48pm Sep 27, 2018 11:48pm
Quoting Suran
{quote} Hi Strat , Szpons and bistolis, This is not from my Live account. Its just a demo account I using to practice paper trading. My live account charts do not have it as you guessed. Thanks for the advice Suranga
Hi Suranga,

Just a little confused for me, what is the difference demo trading & paper trading? Could you please give me a more detail description? Thank you advice.

Sorry my english.
  • #7,165
  • Sep 28, 2018 12:59am Sep 28, 2018 12:59am
Quoting Rub
{quote} Looks like you're one the right track. Big boss has touched support you have marked near .8471, and appears to be forming a hammer or doji. So price action may be right, depending on close to tell us to go long. Boss has a confirmed swing low, and is sitting just above the prior swing low. Candle hasn't closed yet, but I see it as supporting a move higher if it closes above about .8650. However, if you look at the big boss chart price is not far from big boss support (turned resistance?). Also note the last boss candle, looks like a bullish...
Thanks for you input, Rub.

Also note the last boss candle, looks like a bullish outside bar to me
I know we cannot always find perfect patterns, but I wouldn't say the Boss last candle was close to a BUOB, maybe close to a Bullish Engulfing Bar (BUEB)

I will wait for another swing low or price to make it through this wobble area and retest
We'll see.. yesterday's candle was Bearish, StratShadow could hold price going down and its low wasn't lower than the previous swing low (so maybe lower low soon)

Thanks again and as Yomi says, happy trading!
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #7,166
  • Sep 28, 2018 1:58am Sep 28, 2018 1:58am
Quoting strat
NZDCAD {quote} You have got some really good comments from Rub so take note of them. Very disappointing that other students did not see fit to comment. Just when I was thinking "this guy has finally got his act together", I saw this: But maybe that candle looks like a pin bar and just want to keep going down So this tells me a few things about you: Either you have not read, learned and understood BOTH threads or, if you have, you just "flash read" or, you have a very low memory retention or, you are just careless or, you are still in "hobby trading"...
Just when I was thinking "this guy has finally got his act together", I saw this: But maybe that candle looks like a pin bar and just want to keep going down So this tells me a few things about you: Either you have not read, learned and understood BOTH threads or, if you have, you just "flash read" or, you have a very low memory retention or, you are just careless or, you are still in "hobby trading" mode - please kindly enlighten me.
Sorry about this one. Just started reading the old thread again and pin bars are used very often that I forgot how many times you mentioned this. it won't happen again as I already have a post-it saying NO PIN BARS in PASR

Just remember that a Big Boss going sideways will present PASR trading opportunities on our Worker time frame.
Understood! we should take as support the low of the ranging area (where price is consolidating) and as a resistant the high of the ranging area always waiting for proper PASR on those level.

What are all those red dotted lines? If they are Support and Resistance levels then you have so many that PRICE will 100% hit one of them and keep hitting the others. Since I am a visual trader, all those lines would screw my trading brain up. Compare your Big Boss to mine and make sure you understand why I have added blue rectangles.
Yes, they are Support&Resistances (S&R) level. I usually struggle thinking I'm going to miss some important level. I have to work harder on setting S&R
From your last post to me, I understand those blue rectangles show areas of rejection either from support or from resistance

UNDERSTAND what the 200 ema is telling you.
Sadly, I have no EMA200 on BIG BOSS as my broker (Pepperstone) doesn't have enough historical data so there is no EMA200 in BigBoss. I have this problem with others pairs I look at.

But maybe that candle looks like a pin bar and just want to keep going down
Having studied ""my"" Big Boss, would you still make this comment?
First of all, I wouldn't say "pin bar" and second of all, after having a look at your chart I'm amazed to see how this pair's BIG BOSS reacts to EMA200. So I wouldn't think of shorting this one in the near future seeing how EMA200 is acting as a support rejecting price
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Very good. Take special note of how Rub is describing PRICE action there.
Alright!
What else do you SEE near 0.8781 on the Boss?
Apart from that important resistance, I want to see how price reacts to StratShadow, will StratShadow stop price going up? will it make price just wobble and let them keep on going up? let's see what kind of PA this level brings us since it looks very promising.

Strat, I can't thank you enough for this amazing post you just gave us (and especially for me) as I told you I'm determined to succeed on trading, it will take longer than I would like to (too much work lately) but sooner or later I'll get it.
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #7,167
  • Edited 2:27am Sep 28, 2018 2:01am | Edited 2:27am
USD JPY

Seems like price is ready to leave the WCC, in which price was "caught" since 11 weeks.
If the Boss closes above the WCC, for me it would be a sign that PASR shows the next way/direction. Next step would be to have a look for opportunities on the worker.
Let's wait and see on what level price closes!

Boss:

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  • #7,168
  • Sep 28, 2018 2:07am Sep 28, 2018 2:07am
Quoting bluedormouse
{quote} Hi Suranga, Just a little confused for me, what is the difference demo trading & paper trading? Could you please give me a more detail description? Thank you advice. Sorry my english.
Hi bluedormouse,

You should keep in mind that brokers will try to fuck you up with demo trading since they will make everything they can to make you think all your trades are profitable
The hard part comes when you go live and see that you don't have "your broker's help" and I'd say you get the opposite.
From the same broker (don't say all the brokers are the same) and pair, you would see differences in the demo chart with respect to its live chart

So the best approach if you are just starting on trading is either paper trading or just going live with micro lots as I do till you feel confident and have experience enough to increase your lot size.
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #7,169
  • Sep 28, 2018 2:29am Sep 28, 2018 2:29am
Long time reader, first time poster..
This is what happens when you read and stick to the program.
It may have been an early exit but I can't continue watching the M5 charts today
I can't decide what I like most about the trade:
1. that I made pips
2. that I had confidence in the trade
3. that I had no stress

THANK YOU STRAT!

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Val
  • #7,170
  • Sep 28, 2018 2:40am Sep 28, 2018 2:40am
Quoting Eurotrader17
{quote} Hi bluedormouse, You should keep in mind that brokers will try to fuck you up with demo trading since they will make everything they can to make you think all your trades are profitable The hard part comes when you go live and see that you don't have "your broker's help" and I'd say you get the opposite. From the same broker (don't say all the brokers are the same) and pair, you would see differences in the demo chart with respect to its live chart So the best approach if you are just starting on trading is either paper trading or just going...
Thank you reply, Eurotrader17.

At right now, I understand, the paper trading mean, I am writing down on the somewhere about my entry/exit/sl/tp, and waiting/confirming the result, do not using the broker's demo account? Right?

Thank a lot again.
  • #7,171
  • Sep 28, 2018 2:46am Sep 28, 2018 2:46am
Quoting LarryK
Indicators Thank you Bistolis
I even forgot how to get these into my charts, what is the procedure from my download folder into my trading account folders?

Help anyone?
  • #7,172
  • Sep 28, 2018 2:53am Sep 28, 2018 2:53am
Quoting LarryK
{quote} I even forgot how to get these into my charts, what is the procedure from my download folder into my trading account folders? Help anyone?
Larry,

Try please:
1. copy these indicators from your download folder to your trading account folders/MQ4/Indicators;
2. restart MT4 application;
2. open a chart, right click mouse button, attach these indicators

BD
  • #7,173
  • Sep 28, 2018 3:57am Sep 28, 2018 3:57am
Quoting fxmarvel
Long time reader, first time poster.. This is what happens when you read and stick to the program. It may have been an early exit but I can't continue watching the M5 charts today I can't decide what I like most about the trade: 1. that I made pips 2. that I had confidence in the trade 3. that I had no stress THANK YOU STRAT! {image}
I like this entry to be honest.
the exit is too late for my tastes. you have nice H1 and H4 support at the bottom of the move

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  • #7,174
  • Sep 28, 2018 4:05am Sep 28, 2018 4:05am
Quoting LarryK
{quote} I even forgot how to get these into my charts, what is the procedure from my download folder into my trading account folders? Help anyone?
on upper left corner of MT4 platform: File -> open data folder -> MQL4 -> indicators
restart the platform and add whatever indicator you want
Attached Image

and there is the template folder as well if you want to use my template
I that case only put the files in the folders and right click on each chart and under template option you will see it, select it and all the indicators will load up automatically with my settings
  • #7,175
  • Sep 28, 2018 5:08am Sep 28, 2018 5:08am
Quoting bluedormouse
{quote} Thank you reply, Eurotrader17. At right now, I understand, the paper trading mean, I am writing down on the somewhere about my entry/exit/sl/tp, and waiting/confirming the result, do not using the broker's demo account? Right? Thank a lot again.
I think you're right.
If I were you and I wanted to paper trade I would open a real account in some broker. There are many forex brokers where you can open an account for just as little as 200$.

Once I have that real account I would make the analysis using the data I get from that account (real data), but just the analysis, not the trades. The trades should be taken in "paper" (spreadsheets, notebook, paper sheets,...) - entry, stopLoss, takeProfits level - and you should see in those notes how well you did.

Hope you got what I meant
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #7,176
  • Sep 28, 2018 5:23am Sep 28, 2018 5:23am
Quoting bluedormouse
{quote} Larry, Try please: 1. copy these indicators from your download folder to your trading account folders/MQ4/Indicators; 2. restart MT4 application; 2. open a chart, right click mouse button, attach these indicators BD
A right click on my mouse on chart does not offer me any of the indicators...?

Any more ideas?
  • #7,177
  • Sep 28, 2018 5:56am Sep 28, 2018 5:56am
Quoting LarryK
{quote} A right click on my mouse on chart does not offer me any of the indicators...? Any more ideas?
download my template (strat.tpl) and put the file in the templates folder, and then restart the platform and right click
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  • #7,178
  • Sep 28, 2018 6:28am Sep 28, 2018 6:28am
Quoting bistolis
{quote} download my template (strat.tpl) and put the file in the templates folder, and then restart the platform and right click {image}
Hi bistolis,
I am also thinking about using MT4 in the future. Regarding your templates: are you talking about the desktop-version and does ist also work to include these templates in the web-based-MT version.
Thanks
  • #7,179
  • Sep 28, 2018 6:31am Sep 28, 2018 6:31am
EURCAD M15 PASR Trend Trading:




Happy Trading,
Yomi.
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Time always comes before price
  • #7,180
  • Sep 28, 2018 6:47am Sep 28, 2018 6:47am
Quoting Malu
{quote} Hi bistolis, I am also thinking about using MT4 in the future. Regarding your templates: are you talking about the desktop-version and does ist also work to include these templates in the web-based-MT version. Thanks
hi
I have no idea. all that I have posted, I am using on a demo account with MT4. my live account is on Jforex and I use only the strat shadow

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