Disliked{quote} He is just a LURKER and TROLL on ALL the "Trading Systems" threads flashing his {image} on a DEMO account to further inflate his already inflated ego. {image} We all know what happens next!Ignored
Strat's PASR Long Term, Stress Free Trading
- #7,423
- Edited 1:58am Oct 5, 2018 1:43am | Edited 1:58am
- | Joined Feb 2015 | Status: Trader | 165 Posts
EURUSD M15 {quote} First, thank you for posting this as this is the only way to progress on THE PATH. Would you please explain your analysis and rationale for taking this trade? I think I can understand it if ""I"" was early on the PASR PATH. What is the RED line on your chart? I cannot find a reason for it. Where are your Support and Resistance levels. Not knowing how you made the decision to trade this, I can only ""think"" what you did. First, I think you may be mesmerised/hypnotised by M5/M15 trading so you are looking at the first thing you...
Firstly, let me thank you and everybody on this thread for their inordinate support and time devoted to assisting me.
Without it degenerating into an attention seeking post of slobbering gratitude, please know that all of your time is sincerely appreciated.
Thank you Strat especially for the time devoted to the charts.
Your assumption on why I took that trade is so disconcertingly accurate, that it renders me suspicious.
I am really battling with understanding the immediate trend.
I look in the context of big boss, boss and worker, and then maybe pre maturely pull the trigger without considering s/r levels when I see price action.
The only reason I am on the 15 min char is that it gives me more frequent opportunities than trading the daily worker.
Taking profit is problematic, I have the patience to hang on, but I lack the experience necessary to make accurate decisions.
Trading the daily and splitting the trade into three parts is a strategy that resonates deeply with me, but I think I am overly ambitious on shorter time frames.
With the 15 min chart i use the 1h as my boss and 4h as big boss. So at the time both were bearish that hammer on the Strat shadow was my trigger for a short.
IncludeD charts on GBP AUD monthly and weekly. I indicate the control candle on both.. So I am looking for a short when the daily gives me price action. Although the price has whizzed beyond the levels nothing has closed beyond the levels, rendering them still intact. I tried to take the aforementioned trade in this context.
Thank you for your assistance.
I look forward to being your first poker player who trades successfully
I am immune to boredom after having played poker.My personality is such that if I had the skill, I would trade like Baba G in the old days. no MA' just price and price action.
- #7,424
- Edited 3:58am Oct 5, 2018 3:36am | Edited 3:58am
- | Joined Apr 2017 | Status: Trader | 511 Posts
{quote} Firstly, let me thank you and everybody on this thread for their inordinate support and time devoted to assisting me. Without it degenerating into an attention seeking post of slobbering gratitude, please know that all of your time is sincerely appreciated. Thank you Strat especially for the time devoted to the charts. Your assumption on why I took that trade is so disconcertingly accurate, that it renders me suspicious.
I look in the context of big boss, boss and worker, and then maybe pre maturely pull the trigger without considering s/r levels when I see price action.
The only reason I am on the 15 min char is that it gives me more frequent opportunities than trading the daily worker.
Hi Pippoacher
I like poaching some pips in the day too if I have the screentime.
Lessons learnt for me when day trading 5 min and 15 is don't be greedy and don't wait out for those big juicy Fat City trends. If you jump on one then great, milk it for all it's worth and that trade will put your small loses behind and then some.
However if I was to return to daydream believing I would be grinding out these types of trades which is damn hard work to do consistently, the secret is to get out quick the minute it begins to smell wrong and this is an art only learned from many hours and hours of screen time. It does become easier but you kind of have to go through the mill first which isn't long term and stress free!
So if I want to trade 15 min I'm only looking for a 2RR trade or 2xATR, I'll hang in for all it's worth though if I hit a trend, that's when the money is earned. The tricky bit is when to close and when to hold, like poker.
To answer your first point for a 15 min strategy:
I am really battling with understanding the immediate trend.
For PART of my trading strategy I do this:
M5
And then do this on M15
Study sessions and the candle activity above and below the swings, study harder the PASR at these points and try to think who is in control, who is fading, who is folding, who is bluffing and why. And by the way you have to do this in minutes on this time frame!
If I was scalping then we have a fairly solid strategy here but I don't scalp these days as I've ALWAYS lost money over the longer term because there are too many variables using a retail broker, news, commissions, etc. Trading for a few pips would only interest me now if I was on the other side of the proprietary fence and had the hardware and speed to do it with.
Having said all of that, had this trade turned into a trend, well, that's my thing!
Hope this helps and of course TROGGER was the ace in 15 min entries over a much longer period using a different strategy which boggles me! I hope he gets fit soon!
Private Msgs are turned off to weirdos, loafs and brain drainers
- #7,426
- Edited 7:18am Oct 5, 2018 7:00am | Edited 7:18am
- Joined Sep 2016 | Status: Inactive | 1,531 Posts
19 Oct 1987
In finance, Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already sustained significant declines.
Food for (PASR) thought
Weekly chart (closing on friday the week before)
And let's go back in time much further , 1929
The Wall Street Crash of 1929, also known as the Stock Market Crash of 1929 or the Great Crash, is the stock market crashthat occurred in late October, 1929. It started on October 24 ("Black Thursday") and continued until October 29, 1929 ("Black Tuesday"), when share prices on the New York Stock Exchange collapsed.
weekly chart
daily 24-29 oct 1929 (price closing below 200EMA on 23)
In finance, Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already sustained significant declines.
Food for (PASR) thought
Weekly chart (closing on friday the week before)
And let's go back in time much further , 1929
The Wall Street Crash of 1929, also known as the Stock Market Crash of 1929 or the Great Crash, is the stock market crashthat occurred in late October, 1929. It started on October 24 ("Black Thursday") and continued until October 29, 1929 ("Black Tuesday"), when share prices on the New York Stock Exchange collapsed.
weekly chart
daily 24-29 oct 1929 (price closing below 200EMA on 23)
- #7,427
- Oct 5, 2018 9:25am Oct 5, 2018 9:25am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #7,428
- Oct 5, 2018 9:28am Oct 5, 2018 9:28am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #7,429
- Oct 5, 2018 10:13am Oct 5, 2018 10:13am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
GBPUSD
Thank you Eurotrader and Terry for your feed back - TRADERS HELPING TRADERS
I am really suspicious of GBPUSD because of the Brexit mess so I am only trading it on short time frames and CLOSING out at the end of each trading day. If I was a "funnymentalist", I would have a difficult time understanding why the Big Boys would want to invest long in GBP.
EW does not help on this pair as I cannot find reliable PRICE ACTION to fit EW Theory to it.
So, dissecting each of our time frames:
Big Boss
August produced a solid hammer but the September "over grown" doji tells us of indecision between buyers and sellers so until one or the other "show their hand", PRICE will likely drift sideways
Boss
PRICE is putting in a strong hammer but we need to WAIT until this week CLOSES at New York 5pm to be sure. What we do know is that PRICE is in the 3rd week of being trapped inside a Weekly Control Candle.
The dojis of week ending August 17, 2018 and September 21, 2018 clearly tell us that the Big Boys are defending BRN 1.27 and 1.33
This confirms the immediate side ways PRICE action.
__________________________________________________________
Just closed GBPNZD M5 NOW for 93 pips
______________________________________________________________
PRICE will continue to whiz up and down the Weekly Control Candle until there is a CLOSE beyond its high/low
Worker
We can clearly SEE PRICE moving side ways between 1.33 and 1.27
The important thing to remember with this pair is that our analysis and evaluation will be worthless when the UK and European political wafflers start talking.
Posting for discussion seeing I couldn't sleep. Here's my notes from the weekend analysis. GBP/USD: Big boss: uptrend, doji, swing low? B: Shooting star, swing high confirmed (just). W: Sell So to me all out of alignment. Does anyone have a different take? {image} {image} {image}
I am really suspicious of GBPUSD because of the Brexit mess so I am only trading it on short time frames and CLOSING out at the end of each trading day. If I was a "funnymentalist", I would have a difficult time understanding why the Big Boys would want to invest long in GBP.
EW does not help on this pair as I cannot find reliable PRICE ACTION to fit EW Theory to it.
So, dissecting each of our time frames:
Big Boss
August produced a solid hammer but the September "over grown" doji tells us of indecision between buyers and sellers so until one or the other "show their hand", PRICE will likely drift sideways
Boss
PRICE is putting in a strong hammer but we need to WAIT until this week CLOSES at New York 5pm to be sure. What we do know is that PRICE is in the 3rd week of being trapped inside a Weekly Control Candle.
The dojis of week ending August 17, 2018 and September 21, 2018 clearly tell us that the Big Boys are defending BRN 1.27 and 1.33
This confirms the immediate side ways PRICE action.
__________________________________________________________
Just closed GBPNZD M5 NOW for 93 pips
______________________________________________________________
PRICE will continue to whiz up and down the Weekly Control Candle until there is a CLOSE beyond its high/low
Worker
We can clearly SEE PRICE moving side ways between 1.33 and 1.27
The important thing to remember with this pair is that our analysis and evaluation will be worthless when the UK and European political wafflers start talking.
15 YEARS OF PASR ON FOREX FACTORY!
- #7,431
- Oct 5, 2018 10:37am Oct 5, 2018 10:37am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
GBPNZD M5 PASR Trend Trading 93 pips
I was up a little earlier this morning and managed to catch this at 7:15am PDT. I was only expecting around 25 pips up to the 6:30 am shooting star but while I was writing the above GBPUSD post, saw PRICE "pumping" and, knowing our PRICE ACTION on our 3 time frames, was expecting a blow off top. This came on M5 at 7:55am PDT and I was out as soon as I saw PRICE falling.
This makes up for all the crap 14, 19, 22 and so on pips this week. Just shows that perseverance wins out in the end. Finally being in the right place (pair) at the right time!
So now we have a periscope on M5 - let's see how it works out
I was up a little earlier this morning and managed to catch this at 7:15am PDT. I was only expecting around 25 pips up to the 6:30 am shooting star but while I was writing the above GBPUSD post, saw PRICE "pumping" and, knowing our PRICE ACTION on our 3 time frames, was expecting a blow off top. This came on M5 at 7:55am PDT and I was out as soon as I saw PRICE falling.
This makes up for all the crap 14, 19, 22 and so on pips this week. Just shows that perseverance wins out in the end. Finally being in the right place (pair) at the right time!
So now we have a periscope on M5 - let's see how it works out
15 YEARS OF PASR ON FOREX FACTORY!
- #7,433
- Oct 5, 2018 10:49am Oct 5, 2018 10:49am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #7,434
- Oct 5, 2018 10:58am Oct 5, 2018 10:58am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
EURNZD
Good job.
EURNZD is following her twin sister, GBPNZD
EURNZD Started posting this last night but I lost internet. Always a fun thing for a trader. Speaking of which. Part of my trading plan is handling such situations. We get lots of rain and sometimes wind here and we often lose power/internet. So having a plan for such things can be wise. Back to EURNZD Took an entry a few days ago sitting on 200 pips now. {image} {image} {image} I will be posting losing trades. Have not had one here for a while. Be patient they will come...
EURNZD is following her twin sister, GBPNZD
15 YEARS OF PASR ON FOREX FACTORY!
- #7,435
- Oct 5, 2018 11:59am Oct 5, 2018 11:59am
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
PASR
In addition to Nathan's comments (BTS) - Thank you, Nathan, for helping your fellow traders - TRADERS HELPING TRADERS
I am really battling with understanding the immediate trend.
Probably because you are trying to run before you can even crawl, let alone walk! Happy Trend had exactly the same problem. Go back and read THE PATH in its logical progression which tells you to learn BASIC PASR first. Being successful at Poker means diddly squat in trading and does not qualify anyone to be a profitable trader.
I look in the context of big boss, boss and worker, and then maybe prematurely pull the trigger without considering s/r levels when I see price action.
Then you have learned NOTHING! You are still at the same level as all the RANK AMATEUR newbies on public trading forums. Go back and read, learn and UNDERSTAND what our PASR Set Ups are.
The only reason I am on the 15 min char is that it gives me more frequent opportunities than trading the daily worker.
Go one better, if your time allows, and paper trade M5 using BASIC PASR
Taking profit is problematic, I have the patience to hang on, but I lack the experience necessary to make accurate decisions.
As it is for all those EARLY on THE PATH. Again, it is not just my catch phrase, it is a fact proven over the last 9 years resulting in many successful and consistently profitable PASR traders - spend thousands of hours studying PASR on thousands of charts.
Trading the daily and splitting the trade into three parts is a strategy that resonates deeply with me, but I think I am overly ambitious on shorter time frames.
Higher time frames, Daily and above, are far more consistent and reliable producing multiple annual salaries over a few months when Fat City kicks in. Despite you writing this "I have the patience to hang on", you may have the PATIENCE to "hang on" but you don't have the PATIENCE to WAIT to trade PASR Set Ups.
With the 15 min chart i use the 1h as my boss and 4h as big boss. So at the time both were bearish that hammer on the Strat shadow was my trigger for a short.
WRONG!
At the time of your short trade indicated by my blue line, here is H1 and H4:
H4 was telling you something under my blue line and in the green rectangle that you completely missed. As the Big Boss, it was telling the same thing to H1, your Boss.
H1: Had you UNDERSTOOD BASIC PASR, you would have recognised the PRICE ACTION inside my green rectangle
Had you UNDERSTOOD BASIC PASR, at the very least, you would have known not to go short!
Had you spent thousands of hours studying PASR on thousands of charts, you would have entered LONG.
GBP AUD monthly and weekly. I indicate the control candle on both.. So I am looking for a short when the daily gives me price action.
Oh Lord, please give me the strength to carry on. I will save you all the stress and worry - just send me your account $!
How, where, when and why do you SEE the Big Boss telling ALL the others to ""look for a short""?
You are trying to find tops and bottoms - PASR traders trade PASR, - NOT tops and bottoms. Read, re-read and re-read again, my ""Dr. Joe"" until it sinks in and you dream about it every night.
Do you read, learn and UNDERSTAND my Posts? Did you read my Post 7415 and others I have posted on GBPAUD?
My personality is such that if I had the skill, I would trade like Baba G in the old days. no MA' just price and price action.
WRONG AGAIN!
Stop dreaming and WAKE UP!
Neither YOU, me, nor anyone else, can trade like Gianni (BabaG)!!!!!!!! Only BabaG can tried like BabaG just like no-one can trade like me. Only "trogger" can trade like "trogger" - no-one else.
YOU can ONLY trade like ""pippoacher"" - no-one else!
You need to keep posting so that we can knock all this crap out of your poker brain.
Just in case you already forgot:
Go back and read THE PATH in its logical progression which tells you to learn BASIC PASR first.
{quote} Firstly, let me thank you and everybody on this thread for their inordinate support and time devoted to assisting me. Without it degenerating into an attention seeking post of slobbering gratitude, please know that all of your time is sincerely appreciated. Thank you Strat especially for the time devoted to the charts. Your assumption on why I took that trade is so disconcertingly accurate, that it renders me suspicious.
I am really battling with understanding the immediate trend.
Probably because you are trying to run before you can even crawl, let alone walk! Happy Trend had exactly the same problem. Go back and read THE PATH in its logical progression which tells you to learn BASIC PASR first. Being successful at Poker means diddly squat in trading and does not qualify anyone to be a profitable trader.
I look in the context of big boss, boss and worker, and then maybe prematurely pull the trigger without considering s/r levels when I see price action.
Then you have learned NOTHING! You are still at the same level as all the RANK AMATEUR newbies on public trading forums. Go back and read, learn and UNDERSTAND what our PASR Set Ups are.
The only reason I am on the 15 min char is that it gives me more frequent opportunities than trading the daily worker.
Go one better, if your time allows, and paper trade M5 using BASIC PASR
Taking profit is problematic, I have the patience to hang on, but I lack the experience necessary to make accurate decisions.
As it is for all those EARLY on THE PATH. Again, it is not just my catch phrase, it is a fact proven over the last 9 years resulting in many successful and consistently profitable PASR traders - spend thousands of hours studying PASR on thousands of charts.
Trading the daily and splitting the trade into three parts is a strategy that resonates deeply with me, but I think I am overly ambitious on shorter time frames.
Higher time frames, Daily and above, are far more consistent and reliable producing multiple annual salaries over a few months when Fat City kicks in. Despite you writing this "I have the patience to hang on", you may have the PATIENCE to "hang on" but you don't have the PATIENCE to WAIT to trade PASR Set Ups.
With the 15 min chart i use the 1h as my boss and 4h as big boss. So at the time both were bearish that hammer on the Strat shadow was my trigger for a short.
WRONG!
At the time of your short trade indicated by my blue line, here is H1 and H4:
H4 was telling you something under my blue line and in the green rectangle that you completely missed. As the Big Boss, it was telling the same thing to H1, your Boss.
H1: Had you UNDERSTOOD BASIC PASR, you would have recognised the PRICE ACTION inside my green rectangle
Had you UNDERSTOOD BASIC PASR, at the very least, you would have known not to go short!
Had you spent thousands of hours studying PASR on thousands of charts, you would have entered LONG.
GBP AUD monthly and weekly. I indicate the control candle on both.. So I am looking for a short when the daily gives me price action.
Oh Lord, please give me the strength to carry on. I will save you all the stress and worry - just send me your account $!
How, where, when and why do you SEE the Big Boss telling ALL the others to ""look for a short""?
You are trying to find tops and bottoms - PASR traders trade PASR, - NOT tops and bottoms. Read, re-read and re-read again, my ""Dr. Joe"" until it sinks in and you dream about it every night.
Do you read, learn and UNDERSTAND my Posts? Did you read my Post 7415 and others I have posted on GBPAUD?
My personality is such that if I had the skill, I would trade like Baba G in the old days. no MA' just price and price action.
WRONG AGAIN!
Stop dreaming and WAKE UP!
Neither YOU, me, nor anyone else, can trade like Gianni (BabaG)!!!!!!!! Only BabaG can tried like BabaG just like no-one can trade like me. Only "trogger" can trade like "trogger" - no-one else.
YOU can ONLY trade like ""pippoacher"" - no-one else!
You need to keep posting so that we can knock all this crap out of your poker brain.
Just in case you already forgot:
Go back and read THE PATH in its logical progression which tells you to learn BASIC PASR first.
15 YEARS OF PASR ON FOREX FACTORY!
- #7,436
- Oct 5, 2018 12:09pm Oct 5, 2018 12:09pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #7,437
- Oct 5, 2018 12:10pm Oct 5, 2018 12:10pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #7,438
- Oct 5, 2018 12:19pm Oct 5, 2018 12:19pm
- Joined Nov 2013 | Status: Trader | 2,780 Posts
It's in fear when people show what they truly value.
- #7,439
- Oct 5, 2018 12:52pm Oct 5, 2018 12:52pm
- Joined Feb 2009 | Status: 15 YEAR PASR THREAD Senior Member | 12,379 Posts
15 YEARS OF PASR ON FOREX FACTORY!
- #7,440
- Oct 5, 2018 12:57pm Oct 5, 2018 12:57pm
- Joined Nov 2013 | Status: Trader | 2,780 Posts
It's in fear when people show what they truly value.