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Strat's PASR Long Term, Stress Free Trading

  • #7,241
  • Edited 7:37am Oct 1, 2018 5:53am | Edited 7:37am
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,

Very sorry for very very late reply. I couldn't log in to the forum these days because I have been sick for couple of weeks. Now I am back to normal.

However I see you got the reply from Eurotrader. Some might argue demo trading is also paper trading . But according to our class teacher ..it is different. Because Demo accounts are highly MANIPULATED and comes with many problems, as you could see from my last posts. Also somewhere in 2010, I had normal FX account with a popular broker who vent bust with Black Swan in 2015. When I demo trade those days , the spread they shown me was very low. But when I open a Live account the spread was more than double what they showed while demo. That's why Strat advises against demo trading. And that makes sense.

Basically how I do paper trading is open up a chart (now Live chart) and use F12. that will help you to go through the charts candle by candle. If you keep pressing F12 long , the charts will quickly update. With this you can see the PRICE behavior at Moving Hard Right Edge. In paper trading your little people might not get involve much. So its just to test the understanding of a particular strategy. I use it to test and feel PRICE behavior around S/R levels and Strat Shadow. its really good when you get used to it. Feels like playing a video game.

Further you should read how Strat and others traded before the computers introduced to the Markets. I cannot remember where it is . Just do a simple search.

P.S. Using a simulator is also called paper trading

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #7,242
  • Oct 1, 2018 6:35am Oct 1, 2018 6:35am
Quoting brian661
thanks macuba and huatzhi, I would to learn what other member are waiting for a enter on. {quote} I though is a pull back candle because it touch shadow and went back with a long leg. But maybe you are right, it was a doji instead. Whne you say "see a confirmed PASR to ender long", what you expect to see? How about today a close above the yesterday high on ( BUEB daily chart) ? {quote} May you talk about what you mean "real Bullish PASR ", do you expect a PA above your red line support? My WCC is the red rectangle on the Weekly chart.

Ignoring other factors, if that is a doji, the up coming candle could easily be engulfing candle. I would trade that instead if confluences align, even though I could miss some trades. It is also down to trader's own style I assume, I am learning to be more conservative.

WCC have to at least "control a candle" before being called WCC for my understanding, else it literally just mean price is going upward.

These are just my two cent, I am still learning, so don't take my word too seriously.
  • #7,243
  • Oct 1, 2018 6:35am Oct 1, 2018 6:35am
Hi,

Correction to my #7228, on B it was only a BEEB. Dominant Trend and Immediate Trend is Down while Intermediate Trend is up.

Quoting Rub
{quote} That sounds like the right course of action to me, there may very well be a retest. As I said before, your discipline to stay out is admirable. That's probably the biggest thing I'm struggling with.
Thanks Rub.

Here is something a bit meta and irrelevant to trading. If there is some bad habit that I keep doing unconsciously, I'll make sure I consciously make this mistake once, observe and analyze every detail on how it bring harm to me, and actually suffer that harm. After that, whenever I am going to do it, I will be able to notice it consciously.

I did got over excited on every daily PA ignoring the trend a couple weeks back, it caused me big trouble. Even after a couple losing trade, I'll always think the next one should be the right one. Eventually, I end up forcing myself taking one of those PA trade on a minimum lot that I know it probably not work out. Observe it every single candle, and see how the price moving toward my favor, and move against it, ending up hitting my stop loss. From that time onward, I would never be making that particular mistake again.

Granted it will add on one losing trade to my account, but it ensure me never doing the same again. It works for me, but might not work for everyone though. (It may be a bad idea if it does not work)
  • #7,244
  • Oct 1, 2018 6:36am Oct 1, 2018 6:36am
Quoting Malu
{quote} Good morning huatzhi, I also had a look at this pair last week. Here is what I observed: Big Boss: is in an downtrend in my opinion as we see LH and LL since the beginning of 2016. You are right, price stopped at support (20 EMA) but we have to wait what price is doing next. So for me no bullish signal. I also see a resistance area (see boss chart below) that is not on your chart, where price stopped twice. Boss: since price stopped at restistance at the end of June, so price is in a downtrend in my point of view. Seems like seller are back...
Quoting An_Lie88
hello huatzhi from my analysis the boss is in uptrend...this down move is like a corrective movement for me and now is sitting on support.. becarefull for a short position on this pair..if break 1.2800 area..the next support is at 1.2600 area... maybe a break below 1.2600 area might confirm the bear is back... {image}
It is different trend depend on how we look at it. If I am not mistaken, immediate trend on BB and B would be dominant trend of W, so that is what we are trading on. We will only look for trade when immediate trend of BB and B are in same direction, somewhat like Malu's observation, I think. So that intermediate uptrend is only kind of being used to determine SR rather than initiate long trade?

Sorry if this question is a bit messed up.
  • #7,245
  • Oct 1, 2018 6:56am Oct 1, 2018 6:56am
[quote=TerryDawe;11534814]{quote} It does look like one of our signals but not a hammer. It is a shooting star. thank you for correcting. shooting star rather
  • #7,246
  • Oct 1, 2018 7:38am Oct 1, 2018 7:38am
trogger

Here is an extract of an email to me from our old friend ""trogger""

To cut a long story short, I've been pretty "shagged". Tired and lethargic
Unfortunately, had a serious health issue. After quite some time going backwards physically and getting more and more run down and exhausted, finally got to an investigative ECG

Consequently, just haven't been doing anything much including checking, let alone replying to any emails.

In due course (whatever that may be) I do hope to get back to trading and posting and communicating with the group.

May be a while yet. (But am already watching Aussie -especially the crosses - sent out a couple of scouts on the AUD/CAD a couple of hours ago - let's see if they get scalped!

regards, Mike

I am sure those who remember him will join me in wishing him well, back to good health and a speedy recovery.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,247
  • Oct 1, 2018 7:45am Oct 1, 2018 7:45am
Quoting strat
trogger Here is an extract of an email to me from our old friend ""trogger"............I am sure those who remember him will join me in wishing him well, back to good health and a speedy recovery.

Thanks for letting us know about him. That news brings both good and bad feeling.

Anyway Our prayers are with Him. GET WELL SOON Troggs...


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #7,248
  • Oct 1, 2018 8:00am Oct 1, 2018 8:00am
Quoting strat
trogger Here is an extract of an email to me from our old friend ""trogger"" To cut a long story short, I've been pretty "shagged". Tired and lethargic Unfortunately, had a serious health issue.
Thanks for forwarding this to us, Strat.

Although I "just" know him from reading the old threat, on which I never posted as it was before my time here on FF:
Trogger, best wishes, get well soon and hope to see you posting here in the future!
  • #7,249
  • Oct 1, 2018 8:12am Oct 1, 2018 8:12am
Quoting strat
trogger Here is an extract of an email to me from our old friend ""trogger"" To cut a long story short, I've been pretty "shagged". Tired and lethargic Unfortunately, had a serious health issue. After quite some time going backwards physically and getting more and more run down and exhausted, finally got to an investigative ECG Consequently, just haven't been doing anything much including checking, let alone replying to any emails. In due course (whatever that may be) I do hope to get back to trading and posting and communicating with the group....

Trogger, prayers coming your way for a speedy recovery.
Time always comes before price
  • #7,250
  • Oct 1, 2018 8:24am Oct 1, 2018 8:24am
Quoting strat
trogger Here is an extract of an email to me from our old friend ""trogger"" To cut a long story short, I've been pretty "shagged". Tired and lethargic Unfortunately, had a serious health issue. After quite some time going backwards physically and getting more and more run down and exhausted, finally got to an investigative ECG Consequently, just haven't been doing anything much including checking, let alone replying to any emails. In due course (whatever that may be) I do hope to get back to trading and posting and communicating with the group....
I didn't know him well but have read several of his posts. Please wish him well from me if you contact him.
Regards
Terry
  • #7,251
  • Oct 1, 2018 8:53am Oct 1, 2018 8:53am
Quoting strat
trogger Here is an extract of an email to me from our old friend ""trogger"" To cut a long story short, I've been pretty "shagged". Tired and lethargic Unfortunately, had a serious health issue. After quite some time going backwards physically and getting more and more run down and exhausted, finally got to an investigative ECG Consequently, just haven't been doing anything much including checking, let alone replying to any emails. In due course (whatever that may be) I do hope to get back to trading and posting and communicating with the group....
get well soon trogger...missed his "ka-ching" sound here...
best wishes
Andy
  • #7,252
  • Oct 1, 2018 10:10am Oct 1, 2018 10:10am
USDCAD

Quoting Malu
{quote} Good morning huatzhi, I also had a look at this pair last week. Here is what I observed: Big Boss: is in an downtrend in my opinion as we see LH and LL since the beginning of 2016. You are right, price stopped at support (20 EMA) but we have to wait what price is doing next. So for me no bullish signal. I also see a resistance area (see boss chart below) that is not on your chart, where price stopped twice. Boss: since price stopped at restistance at the end of June, so price is in a downtrend in my point of view. Seems like seller are back...
price is below all EMA (20/72/200)

How many times do I have to write this:

PASR DOES NOT TRADE MOVING AVERAGES!

price is below all EMA (20/72/200)

This shows you are not paying attention to THE PATH and posts

PASR traders describe this as PRICE is below the Strat Shadow and also below the 200
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,253
  • Oct 1, 2018 10:19am Oct 1, 2018 10:19am
PASR

Quoting menek
Unless there is broker differences, It look like hammer? the wick is more than twice the size of the body. {image}
Are you reading, learning and UNDERSTANDING from Post 1 on both threads?

Are you on THE PATH or just trying to take short cuts?

You have been on here since August 06, 2018 and you STILL do not know our PASR candles.

Did you read, learn and UNDERSTAND my Posts 6679, 6676 and 6679. Obviously NOT!

How am I expected to help you when you cannot even help yourself?

Another example of ""I can lead a horse to water but I can't make him drink""

Have you seen these before:

"'Tell me and I forget, teach me and I may remember, involve me and I learn."

Attached Image
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,254
  • Oct 1, 2018 10:40am Oct 1, 2018 10:40am
Quoting strat
trogger Here is an extract of an email to me from our old friend ""trogger"" To cut a long story short, I've been pretty "shagged". Tired and lethargic Unfortunately, had a serious health issue. After quite some time going backwards physically and getting more and more run down and exhausted, finally got to an investigative ECG Consequently, just haven't been doing anything much including checking, let alone replying to any emails. In due course (whatever that may be) I do hope to get back to trading and posting and communicating with the group....
Really missed him indeed. Hope he can be back to his old self soon. May God bless him!
  • #7,255
  • Oct 1, 2018 10:43am Oct 1, 2018 10:43am
GBPJPY M15

Quoting bistolis
{quote} well it shouldn't be a reminder. your plan should be to close that trade with a nice profit. and that S/R would provide you a 3:1 RR for your entry point
Excellent bistolis!

Quoting An_Lie88
manage to catch this position today... price sitting on support and close above the strat shadow with PA...still watching will it break below or continue going up..if break below then close it and wait for the next PA... {image}
You are 31+ pips in PROFIT at the time of posting your chart with a 15 pips Stop Loss. ATR (10) is 10 pips and Worker RESISTANCE is, as bistolis pointed out to you, BRN 149.

still watching will it break below or continue going up..if break below then close it and wait for the next PA

So are you going to WATCH PRICE take you into a LOSING position or are you interested in MAKING MONEY?

This is RANK AMATEUR trading! Are you expecting PRICE to lift off and go the moon!

Did you have a PLAN? If so, are you trading your PLAN? If not, WHY to both.

You probably cannot SEE it on your horrendous colour scheme but there was some SERIOUS profit taking in the high 148.80s. This CONFIRMS resistance is BRN 149.

Do you know what happens when there is PROFIT TAKING?

Out of curiousity, where do you think you are in my Strat's 5 Steps to becoming a consistently profitable Forex trader?
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,256
  • Oct 1, 2018 10:45am Oct 1, 2018 10:45am
Hammers and Shooting Stars.

Quoting Corinna
{quote} This is definitely not a hammer. A hammer should be at the bottom of a downtrend, not at the top of an uptrend.
Thank you, Corinna - TRADERS HELPING TRADERS
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,257
  • Oct 1, 2018 10:48am Oct 1, 2018 10:48am
GBP Pairs

Quoting bistolis
GBP is dangerous for M5 traders {image} I was looking at this chart for an hour now and I wasnt convinced to go short because of support on my chart. I think PASR protected my capital there
I think PASR protected my capital there

No ""think"" about it. PASR and your application of PASR prevented you from trading thus following our No. 1 Rule.

Well done, bistolis
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,258
  • Oct 1, 2018 11:02am Oct 1, 2018 11:02am
PASR

Quoting Suran
{quote} Hi bluedormouse, Very sorry for very very late reply. I couldn't log in to the forum these days because I have been sick for couple of weeks. Now I am back to normal. However I see you got the reply from Eurotrader. Some might argue demo trading is also paper trading . But according to our class teacher ..it is different. Because Demo accounts are highly MANIPULATED and comes with many problems, as you could see from my last posts. Also somewhere in 2010, I had normal FX account with a popular broker who vent bust with Black Swan in 2015....
Thank you, Suranga - TRADERS HELPING TRADERS

What I mean by Paper Trading is this:

With a REAL, LIVE account funded by REAL, hard earned money, identify the PASR Set Up and then, in your Trading Journal write:

EURJPY Worker

September 11, 2018

THE PLAN

Enter long at 130.05 with "x" size and "y" positions on a STOP with a STOP LOSS at 127.80.
Take Profit at BRN 133

Take a snapshot of the chart with these positions marked on it and paste in your Trading Journal.

Each day, write in your Trading Journal, the trade's progress and any movement of stops and tps.

After CLOSING the position(s) out, write in your Trading Journal your Profit (or loss) and the lessons learned.

Take a snapshot of the chart AFTER CLOSING with these positions marked on it and paste in your Trading Journal.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,259
  • Oct 1, 2018 11:27am Oct 1, 2018 11:27am
XXXCAD PAIRS

As I have posted many times, PASR keeps us on the RIGHT SIDE OF PRICE ACTION!

There was an 80 pip GAP DOWN at Sydney Open today.

PASR had us ALREADY positioned correctly across all pairs and time frames!

M1
Attached Image (click to enlarge)
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M5
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M15
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H1
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H4
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Worker
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Boss
Attached Image (click to enlarge)
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Big Boss
Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #7,260
  • Oct 1, 2018 11:39am Oct 1, 2018 11:39am
Quoting strat
trogger Here is an extract of an email to me from our old friend ""trogger"" To cut a long story short, I've been pretty "shagged". Tired and lethargic Unfortunately, had a serious health issue. After quite some time going backwards physically and getting more and more run down and exhausted, finally got to an investigative ECG Consequently, just haven't been doing anything much including checking, let alone replying to any emails. In due course (whatever that may be) I do hope to get back to trading and posting and communicating with the group....
I really enjoyed Trogger's posts, views and humor. I hope you get well soon Trogger and that we can look forward to seeing some of your posts again!

Regards
Pete
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