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Strat's PASR Long Term, Stress Free Trading

  • #7,581
  • Oct 10, 2018 3:34pm Oct 10, 2018 3:34pm
PASR

Quoting Pipfu
Hi all, I'll make this brief as I don't participate in this thread: A recent post caught my eye so I popped over to view. During my short visit I learned something that will most likely turn my trading successful. An aha moment so to speak. I don't trade your method Strat, only because I'm on my own path.... I did want to stop by to thank you and all of your contributors for your work in educating fellow traders. To your success!
Thank you for stopping by and the appreciation.

During my short visit I learned something that will most likely turn my trading successful. An aha moment so to speak.

Would you kindly tell the others on here the something you ""learned"?
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,582
  • Oct 10, 2018 3:37pm Oct 10, 2018 3:37pm
M5 PASR Trend Trading

Quoting fxrabbi
{quote} I guess so, I can see you rushing to the Bank. For me when I hit my daily target I closed Shop, to avoid being over-trading. Tomorrow will always be another day, another opportunities, I guess so. That's how I maintain my discipline level and more reason I stop multiple positions too. Happy Trading, Yomi.
That's how I maintain my discipline level and more reason I stop multiple positions too. Happy Trading, Yomi.

Is that a gentle hint about ""my"" discipline?
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,583
  • Edited 4:40pm Oct 10, 2018 3:52pm | Edited 4:40pm
Quoting strat
M5 PASR Trend Trading {quote} That's how I maintain my discipline level and more reason I stop multiple positions too. Happy Trading, Yomi. Is that a gentle hint about ""my"" discipline?
No Strat, your discipline level is not challenge here. There's no way you will survive the market for 30years+ without being self-discipline. Because the difference between a successful trader like yourself and unsuccessful ones is not a lack of strength, not a lack of knowledge, but rather a lack of self-discipline.

I was only using that opportunity to speak to the less experience traders here.


Happy Trading,
Yomi.
Time always comes before price
  • #7,584
  • Edited 4:20pm Oct 10, 2018 3:59pm | Edited 4:20pm
GBPAUD H4 +450Pips

I took this one since I saw a BUEB at 1.85ish support and the top of the StratShadow

BIGBOSS (Weakly)
Clear uptrend making higher lows and higher highs

Attached Image (click to enlarge)
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BOSS (Daily)
Clear uptrend and after a bearish bar (with a "visible/important" tail), registered a doji bar (showing indecision) and that made me think there weren't enough sellers to push price lower.

Attached Image (click to enlarge)
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WORKER (H4)
Trend established and I saw there was a BUEB so I open a long position above the high
Attached Image (click to enlarge)
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Thanks again, Strat. Since I started this journey with you in "The Path" I have to admit I'm in profits. Not too many profits since sometimes I made very newbies mistakes that make me lose most of the money I got from the markets, but overall I haven't lost money for almost one year. I still have a long run to follow but little by little and with your help and my fellow trader's help I'll try to be "one of those who makes things happen"
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #7,585
  • Oct 10, 2018 4:49pm Oct 10, 2018 4:49pm
Quoting bistolis
Getting hot NASDAQ {image} S&P 500 {image} DJIA {image} Still above their 200EMA, is anyone even paper trading on those?
My Main was Dow Jones intraday but now im focusing in Long Term Forex and Dow Jones.

This is how i trade my short position. (Thanks to Strat + PASR)

BIG BOSS: Price was in a Takeprofit Zone - RESISTANCE ZONE, Price tries to go above but sellers arrive.

Attached Image (click to enlarge)
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BOSS:

1) Swing Up, and just looking the "colour candles" Buyers have full control....
2) All those buyers got Stopped...
3) Buyers try to go above and normally when exist more Buyers and Sellers in active, the price go above and "breakout" plus hitting all the StopLoss from the Sellers... In this case.. the price go above, and again return bellow of resistance... In that moment the Chart told me that in there are more sellers than buyers in a resistance zone.

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WORKER: The Shooting Star i can think that in there the buyers take profits...
Then the price confirmed that HH Swing and we are now in the new Swing to the down.
Looking the candles, we can see that the Sellers was taking power, but Buyers start to defend with all they got...

Attached Image (click to enlarge)
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360M: I was looking for a Short... When i see that Very Big Range Hammer... I See that in there was Buyers... With my Short Bias already... I start thinking that buying in there was wrong... (already told to myself, if the price start going up.. w/e going to wait for the next opportunity..)
Next Candle the price didnt go above of that "Hammer", and again... my Short Plan start to getting "hot" (With that Big Hammer, how is possible that the price stopped... give me a second.. in there the Sellers are very powerful..)
Then the next candle was my entry with StratShadow as a Resistance, already red colour acting as a trendline to the down...

SL Above when the Sellers start to atacking again. TP at Support Worker.

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My entries are mainly 360M and sometimes 1440M... i mean.. if my 360m is going in trend and 1440M is getting a PASR Candle in a positive direction if my position, i expand my TakeProfit and start watching 1440M for my trade.

Sorry if i talk my trade with the words "hot" "powerful" "give me a sec", etc.... When i look the charts.. is like watching a movie and im hearing to myself all what im watching.


Yes.. i take profit and the price go lower... and im happy with my trade, i followed my plan and my emotions are under control... and i believe that i already remove the "GREED EMOTION", now im just working the "FEAR" about of incrasing the contracts... (for example... one month trading with one contract... if everything is ok.. next month with 2 contracts... then 3.. then 4... already tried to jump the contracts and always "i fall to the floor.", i think is the fear but right now looking at my journal.. my emotions are under control with a solid plan and good money management.
  • #7,586
  • Oct 10, 2018 4:51pm Oct 10, 2018 4:51pm
Quoting strat
PASR {quote} I told you that the Big Boys do not trade 6 hour charts so why do it when PASR teaches you to Follow in the Footsteps of the Big Boys? Plus, offline charts in MT4 are not very reliable and dependable as traders trading them will tell you. Nevertheless, please post your PASR trades. Thank you.

Wow... i can "bet" that i post about the USDJPY, sorry Strat im going to try to post it more later.
  • #7,587
  • Oct 10, 2018 5:21pm Oct 10, 2018 5:21pm
Ninja Trader Charts

Quoting HappyTrend
{quote} Wow... i can "bet" that i post about the USDJPY, sorry Strat im going to try to post it more later.
OK. I see you trade Ninja Trader charts. Can you tell us what you think about them, how they compare with MT4, how much they cost etc?
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,588
  • Oct 10, 2018 5:41pm Oct 10, 2018 5:41pm
This was about the USDJPY the last "Long Trades" that i made until the signal of BOSS that told me the buyers already took profit at bb resistance zone... Now im looking shorts but didnt take any short trades then... Im still waiting...


*In this post the comments of each chart are in the pictures... my last post about DowJones i explain more because in USDJPY already was trending (for me, trend is more easy -happytrend-).

BigBoss

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Boss

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Worker

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360M

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

Maybe sometimes in the way that i look the market im going to miss some opportunities... but i really dont care because im following my solid plan and i know, the markets are going to be in there always.

Until we had the "PERFECT WORLD" (One Currency, One Religion, One everything... Well i think the Earth Planet needs thousands of years more for that hehe) and i believe in there.. are going to exist the markets for any reason . Ok Ignore me, im now talking things about of context.

Thank you Strat... you already open my eyes more than before.
  • #7,589
  • Oct 10, 2018 6:05pm Oct 10, 2018 6:05pm
Quoting strat
Ninja Trader Charts {quote} OK. I see you trade Ninja Trader charts. Can you tell us what you think about them, how they compare with MT4, how much they cost etc?
Well already have with Ninjatrader about 2 years...


With Metatrader 4 , i think was another 2 years...


Metatrader 4, as u already said... Only have their default timeframes and if you want to make a new timeframe chart, is requiered an indicator for it... the "offline chart" that if for some reason... is bugged the indicator or the program have an error... the data can stop or something...

MT4 have thousands and thousands of Indicators, EAs , etc... etc... (for play games like trading... yes... i was in there before looking for the holy grail... trying to find something and have 100% profitable trades.. hahahaha.. what a expensive game.)

Right now.. in all the World.. exist a lot of SCAMMERS, "Academy", "Sellers", "Signal Sellers" all of them just pure of SCAM... and all of them use MT4.. so all the new people are going to get scammed very fast because the scammers know how to atract them... (they know that all of them act with Greed... and The Greed Factor Blinds The Humans). So... in MT4 exist a lot of Scammers.

MT4 is FREE, the trader doenst need to pay anything for download the software, open a virtual account and starting clicking on it.

Well i have in only those 2 years.. a lot of histories about it (im that kind of person who can study all the time, trying to be better and better each day...)

I can write a lot of stuff, i dont know if you want to know something in special.


About Ninjatrader.

NinjaTrader most of case is for Futures (yes most of case.. because if you dont trade Futures.. you dont need to buy a software for it..) No ones is going to pay the cost for the lease or lifetime license for only trade forex if you can trade in Metatrader 4.

But Ninjatrader in my opinion have a very good support, you can trade Futures on it and Forex too with different brokers.
The Charts are 100% Customizable, you can create any kind of chart on there and is like the default timeframes (m1 m5 m15 m30 m60 m240 m1440 Weekly Monthly). Tick Charts, Range Charts, Candles Size, Wick Size, colours, etc..

You can create the chart in the way that u want.

The Data feed is in the broker but you can set up the Open Market, Closed Markets, whatever you want.

But everything in there is more expensive... in Ninjatrader is not that popular than Metatrader 4 (where u can find almost everything free... and if someone is selling something... for sure is a scam/the indicator doesnt work)

In Ninjatrader for program something is more expensive....

******

Anyway trading PASR Long Term in FOREX doesnt need Ninjatrader...

Trading Futures Long Term, the trader need a very "big" balance....

Im happy with it (and im always a neutral person...) because im avaiable to trade Futures, Forex... With already my m360 Charts and everything works fine.

But yes.. is "expensive" from FREE of Metatrader 4 to $999 lifetime license... for those who doesnt trade futures and use default timeframes... Is better to stay in Metatrader 4 With a very good broker.

******
  • #7,590
  • Oct 10, 2018 6:35pm Oct 10, 2018 6:35pm
Quoting strat
M5 PASR Trend Trading {quote} ...... Guess what my next sentence to you will be, Suranga.


Well its obvious isn't? GO BACK TO THE PATH ,STUDY THOUSANDS OF CHARTS....etc..


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #7,591
  • Oct 10, 2018 9:33pm Oct 10, 2018 9:33pm
This is my most recently closed trade, closed for a loss. While my entry candle wasn't a perfect shooting start, the day following producing a near copy convinced me to keep the pending order open.
My quick notes from the weekend are as follows:

USD/CAD:
Big boss: Lower high? Doji, range 4months.
Boss: Weekly control candle, and testing testing support, confirmed LH.
Worker: Sell

I think it gapped down to big boss support, reacted and closed the gap, but believe my trade was valid, at least as trading to next support.
Attached Image(s) (click to enlarge)
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  • #7,592
  • Oct 10, 2018 10:18pm Oct 10, 2018 10:18pm
Quoting Rub
This is my most recently closed trade, closed for a loss. While my entry candle wasn't a perfect shooting start, the day following producing a near copy convinced me to keep the pending order open. My quick notes from the weekend are as follows: USD/CAD: Big boss: Lower high? Doji, range 4months. Boss: Weekly control candle, and testing testing support, confirmed LH. Worker: Sell I think it gapped down to big boss support, reacted and closed the gap, but believe my trade was valid, at least as trading to next support. {image} {image} {image} {image}...
Oh yes... i got that Stoploss hit too hahaha.

My entry was 10/09/2018 but 12 hours later, in my 360m Chart appears my set up for Buy.... In that moment was my Set Up for Short in 1440m and set up for long in 360m....

The only thing that i do, was close the half of my positions because i knew that im going to expect a drawdown or stoploss, and the other half going with the 1440m set up. StopLoss hit, no problem... now wait for the next set up for take my money back with some interest! hehe.
  • #7,593
  • Oct 10, 2018 10:36pm Oct 10, 2018 10:36pm
Quoting Eurotrader17
GBPAUD H4 +450Pips I took this one since I saw a BUEB at 1.85ish support and the top of the StratShadow BIGBOSS (Weakly) Clear uptrend making higher lows and higher highs {image} BOSS (Daily) Clear uptrend and after a bearish bar (with a "visible/important" tail), registered a doji bar (showing indecision) and that made me think there weren't enough sellers to push price lower. {image} WORKER (H4) Trend established and I saw there was a BUEB so I open a long position above the high {image} Thanks again, Strat. Since I started this journey with you...
Good work. Now just keep repeating that over and over and over again consistently! There's a long way to go yet.


As I have posted many times:

There are those who make things happen

There are those who watch it happen

There are those who say ""What happened""

Guess which group are ""successful and consistently profitable in trading?""

The ones who make it happen! But that's not just trading, look around you and see how many people are walking though life with their eyes closed drifting wherever it takes them.
  • #7,594
  • Oct 10, 2018 10:54pm Oct 10, 2018 10:54pm
Quoting Rub
This is my most recently closed trade, closed for a loss. While my entry candle wasn't a perfect shooting start, the day following producing a near copy convinced me to keep the pending order open. My quick notes from the weekend are as follows: USD/CAD: Big boss: Lower high? Doji, range 4months. Boss: Weekly control candle, and testing testing support, confirmed LH. Worker: Sell I think it gapped down to big boss support, reacted and closed the gap, but believe my trade was valid, at least as trading to next support. {image} {image} {image} {image}...
Morning from Spain, Rub,

I also came across with those two dojis in WORKER, but mine were held by EMA200, are you sure you have set up EMA200, properly? it doesn't look near to mine.
Did you realize price is trapped in a WCC and those dojis were in the middle of the WCC range?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 128 KB


Also, if you have a look at BIG BOSS it seems BIG BOYS are not interested in this pair at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 385 KB
IF IT DOESN'T FEEL RIGHT - IT'S NOT RIGHT!
  • #7,595
  • Oct 10, 2018 11:36pm Oct 10, 2018 11:36pm
Quoting Eurotrader17
{quote} Morning from Spain, Rub, I also came across with those two dojis in WORKER, but mine were held by EMA200, are you sure you have set up EMA200, properly? it doesn't look near to mine. Did you realize price is trapped in a WCC and those dojis were in the middle of the WCC range? {image} Also, if you have a look at BIG BOSS it seems BIG BOYS are not interested in this pair at the moment. {image}
Thanks for the feedback, I was aware price was in a weekly control candle, but thought the resistance was enough to short it.

And double checking the 200MA, I've been using a simple moving average. Bah. Don't I feel like an idiot now?
  • #7,596
  • Oct 10, 2018 11:49pm Oct 10, 2018 11:49pm
Quoting strat
Bitcoin {quote} I sold my first batch in November 2017 for a "big" profit and sold my second batch in June 2018 for a small loss and now I am done with craptocurrencies!
I'm still on but not with bitcoin
  • #7,597
  • Oct 11, 2018 12:23am Oct 11, 2018 12:23am
Quoting HappyTrend
{quote} My Main was Dow Jones intraday but now im focusing in Long Term Forex and Dow Jones. This is how i trade my short position. (Thanks to Strat + PASR) BIG BOSS: Price was in a Takeprofit Zone - RESISTANCE ZONE, Price tries to go above but sellers arrive. {image} BOSS: 1) Swing Up, and just looking the "colour candles" Buyers have full control.... 2) All those buyers got Stopped... 3) Buyers try to go above and normally when exist more Buyers and Sellers in active, the price go above and "breakout" plus hitting all the StopLoss from the Sellers......
thanks. you nailed the trade I would say.
I am more interested in the big picture and just keeping an eye on US stocks studying how price behaves. and since it has been 10 years without "incident", I am wondering how the next crash will develop
  • #7,598
  • Oct 11, 2018 12:25am Oct 11, 2018 12:25am
Quoting HappyTrend
{quote} Well already have with Ninjatrader about 2 years... With Metatrader 4 , i think was another 2 years... Metatrader 4, as u already said... Only have their default timeframes and if you want to make a new timeframe chart, is requiered an indicator for it... the "offline chart" that if for some reason... is bugged the indicator or the program have an error... the data can stop or something... MT4 have thousands and thousands of Indicators, EAs , etc... etc... (for play games like trading... yes... i was in there before looking for the holy...
There is also the Jforex software that I am using and it is for free, but I guess only with this specific broker.

Do you use 360m charts to fit into stock trading? Are those exchanges open for 6 hours everyday? (I am clueless about futures and stocks trading)
  • #7,599
  • Oct 11, 2018 12:47am Oct 11, 2018 12:47am
AUDUSD

I suppose that when and if the AUD make its pullback and we get the proper PASR it will be possible to go short again.

Attached Image (click to enlarge)
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  • #7,600
  • Oct 11, 2018 1:20am Oct 11, 2018 1:20am
Quoting LarryK
AUDUSD I suppose that when and if the AUD make its pullback and we get the proper PASR it will be possible to go short again. {image}
Hi Larry,

I thought the same yesterday, when checking my charts. However, I decided to stay away from AUD/USD, as we are approaching historical lows for this pair and we could see some heavy buyers stepping in and ruining the downtrend. I would wait and see what happens at Big Boss historical support level.
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