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Strat's PASR Long Term, Stress Free Trading

  • #7,741
  • Oct 16, 2018 7:59am Oct 16, 2018 7:59am
ADR

A question about this indicator, how is this meant to help in any decision making with regard to a trade one may be contemplating? Forgive me if I have missed this somewhere but I don't remember seeing anyone refer to it when they entered a trade or planned to trade, or were managing a trade they were in.
  • #7,742
  • Oct 16, 2018 8:08am Oct 16, 2018 8:08am
Quoting LarryK
ADR A question about this indicator, how is this meant to help in any decision making with regard to a trade one may be contemplating? Forgive me if I have missed this somewhere but I don't remember seeing anyone refer to it when they entered a trade or planned to trade, or were managing a trade they were in.
It is not helping in this regard. it just plots the average range of the last days on your charts. mostly meant for small timeframes, although it might just put more lines on the charts that would only create mental barriers of SR. If price reaches ADR it doesnt mean it will not go any higher (or reach the ADR value in the first place)
  • #7,743
  • Oct 16, 2018 8:12am Oct 16, 2018 8:12am
Quoting strat
TIME {quote} I hope to post other analyses this week if time allows me This post belongs in the trail started by Rub and Eurotrader17: {image} This is a huge red flag which tells me which of the 3 categories you are in. When I was a young stud straight out of University earning my stripes in Mechanical Engineering in the Oil & Gas industry, I always needed help/information from others on my Projects. Many of those I went to always said "I'll get to it when I have time". A few would drop what they were doing and help me/give me the information straightaway....
Who CONTROLS your time?

This strike me a lot. I did not reflect much about this issue until now. I will share my current experience regarding to time issue here.

I've been struggling with time issue for quite awhile.

At first, I thought it just purely because I don't have a schedule at all. So, I gave myself a rough schedule.
Next, I found that after work I usually get lazy easily, so I moved my study time to morning.
Then, morning could be too rush, so I adjust my bedtime so I wake up slightly earlier than 5am (which is 5pm New York, for EoD).

It does sound like I did quite a lot to tackle the time issue. However, I did not really tackle a real issue that a real career will definitely taken care of.

Who CONTROLS your time?

I did not have a hard boundary for my time outside of my main career 9-6 rat race. Eventually, if a friend call me out for dinner, I would say "Sure, I'm free". Then there could be someone else ask me for help regarding to his problem. And then there is family time. And then there could be my favorite weekly online shows. And then there are some hobby courses(e.g. piano, swimming) that I take.

While each of them isn't much of an issue, it adds up ridiculously quickly. A late sleep could cost me a late wake, or an ineffective morning where I could have a clear mind for my charts. I would take my morning time to do other stuff if I "need" to.

These, never happen to my 9-6 rat race career. While those distract me away from my path, they can't distract my somewhat successful career.

I asked myself just now if I want to pick up a freelance side project of my current profession, what would happen. I would definitely pick out a couple time frame daily to work on that project without letting anything disturb me. I'll tell my friend "I'm busy" if they tried. I know my client is not going to pay me if I did not spend enough quality time to do a good job on it. That's my career.

How about time with friends? How about hobbies? That's a choice to make. To keep them and not being effective learning, or to focus and make a career out of PASR.

I do find myself come out with some excuses though. For example, up until this point, I have spent 1 and half hour writing this post while reflecting myself. A post like #7706 would took me roughly 20min after I decide that I had an idea of reply to post, due to slow typing and constant reviewing if I wrote any mistake. Some other time when I wanted to reply, I ended up staring at maybe, like a Suran's post, for like half an hour unsure how to put it in word, then time up gotta go job(or just gave up).

Those are just excuses as I could definitely free out more time, I think.

So, how much CONTROLS that I want to put to my time?

I will need to make a more clear cut plan for the career.
  • #7,744
  • Oct 16, 2018 8:21am Oct 16, 2018 8:21am
Quoting LarryK
ADR A question about this indicator, how is this meant to help in any decision making with regard to a trade one may be contemplating? Forgive me if I have missed this somewhere but I don't remember seeing anyone refer to it when they entered a trade or planned to trade, or were managing a trade they were in.
In my understanding, it mainly use to understand current volatility.

Somewhere previously posted said that it could be use as SL when the market having high volatility, though it is rarely occur nowadays.

It is also used on the path as one of the TP out of three trade tranches.
  • #7,745
  • Oct 16, 2018 8:57am Oct 16, 2018 8:57am
NZDUSD M15 PASR Trend Trading:




Happy Trading,
Yomi.
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Time always comes before price
  • #7,746
  • Oct 16, 2018 9:09am Oct 16, 2018 9:09am
Quoting huatzhi
{quote} In my understanding, it mainly use to understand current volatility. Somewhere previously posted said that it could be use as SL when the market having high volatility, though it is rarely occur nowadays. It is also used on the path as one of the TP out of three trade tranches.
Thank you and Bistolis for your replies.

So ADR is just a prediction of potential range for the day more of interest to short time frame traders, or I suppose if you are anticipating a stop or profit target might be hit you may take it into account?

ATR is something else I think, tells you of that pair's volatility and of interest because you may not want to trade a low volatility pair?

The question marks mean do I now understand them?
  • #7,747
  • Oct 16, 2018 9:12am Oct 16, 2018 9:12am
Quoting darko2010
Always act from a place of satiety In trading but in life in general, any action taken with urge, visible need (if not desperation) is doomed to fail. Always act from a place of satiety, as if nothing really depended on this one trade, this one job, this one girl/boyfriend. Being needy shows, and we humans are not responding well to obvious neediness (otherwise beggars would be billionaires). Also, neediness affects our brain chemistry and we throw reason and common sense out of the window. Again, this applies to all segments in life. However, when...
Great post!
Frank
  • #7,748
  • Oct 16, 2018 10:18am Oct 16, 2018 10:18am
Quoting fxrabbi
NZDUSD M15 PASR Trend Trading: Happy Trading, Yomi. {image}
Yomi,

Thank you

Frank0
  • #7,749
  • Edited 12:20pm Oct 16, 2018 10:29am | Edited 12:20pm
AUDCAD Worker Trend PASR

Quoting Eurotrader17
AUDCAD Worker Trend PASR Good night everyone, I saw this pair which has been trending since the end of June and it just marked a shooting star (maybe a doji as it has some noise to the left? nevertheless showing rejection) at resistance, at StratShadow and at the top of the current WCC WORKER {image} BOSS It's in a downtrend and still making a Swing Low since the high of the lowest candle hasn't yet been overtaken. WCC in control which was a huge Bearish Bar that means a lot of sellers came in and are still in control (ongoing WCC). {image} BIGBOSS...
Buenos días!

First, thank you for starting your post with the subject as a title. This helps those doing a "Search" on a particular topic.

Thank you HappyTrend, Rub and Svolacius for your feed back - TRADERS HELPING TRADERS - but where are ALL the others?

Like Rub, I am curious why you did an upside down analysis?

Good analysis and conclusion though, Eurotrader

A quick shufty at the Big Boss tells me PRICE is ranging sideways from 2013 from 0.91 to 1.04.

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There is about 110 pips between where PRICE is now and the lowest 2018 PRICE. So, when I compare 110 pips with the 680 pips move down from June 2018, I wonder how much gas is left in the tank.

Next, I think about the probability of PRICE testing that 2018 low of 0.91. Any trade at this PRICE level is 1:1 R:R which would make me find another pair. I am not desperate to make 110 pips with 1:1 R:R on what looks like the buyers waiting to pounce at any time.

If I was not RISK averse and wanting to trade for 110 pips I would first check the lower time frame(s) and trade on that.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,750
  • Oct 16, 2018 10:56am Oct 16, 2018 10:56am
Quoting LarryK
{quote} Thank you and Bistolis for your replies. So ADR is just a prediction of potential range for the day more of interest to short time frame traders, or I suppose if you are anticipating a stop or profit target might be hit you may take it into account? ATR is something else I think, tells you of that pair's volatility and of interest because you may not want to trade a low volatility pair? The question marks mean do I now understand them?
ADR = average daily range
ATR = average true range

ADR is the same as ATR when your timeframe is the daily chart.
ATR displays the average range of the candles(distance high to low) on selected timeframe

so ADR diplays only the average range of the daily candles
  • #7,751
  • Oct 16, 2018 11:10am Oct 16, 2018 11:10am
ADR and ATR

Quoting LarryK
{quote} Thank you and Bistolis for your replies. So ADR is just a prediction of potential range for the day more of interest to short time frame traders, or I suppose if you are anticipating a stop or profit target might be hit you may take it into account? ATR is something else I think, tells you of that pair's volatility and of interest because you may not want to trade a low volatility pair? The question marks mean do I now understand them?
ADR, Average Daily range and ATR, Average True Range measure the same range EXCEPT ADR does not include gaps in its calculation whereas ATR does.

They do indicate volatility over the time period being calculated (5 days, 10 days, 4 hours etc)

Many use it for setting Stop Loss and Targets. Newbies use it to exit trades when ADR/ATR is reached but as bistolis correctly wrote, there is no rule or law that states that ADR/ATR cannot be exceeded (which it does many times when volatility increases). Conversely, there is no rule or law that states that ADR/ATR will be reached (target) on any particular time period.

As for using it in PASR:

Roger (No1Optimist) used multiples of it as a Stop Loss in his trading.

I do not use it in actual trading - I only use it to measure volatility on all pairs to compile my volatility list.

So it comes down to your "personal style" of trading. If you don't use it, take it off your charts - SIMPLE as that.

The question marks mean do I now understand them?

Can you answer this now?
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,752
  • Oct 16, 2018 11:32am Oct 16, 2018 11:32am
LOSING S$2257 = $1643 US.

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Quoting Flyre
Well my numbers says all that i got stopped out ugh.
Still trading while LOSING $1643 ($2257 Singapore) REAL MONEY in a REAL LIVE account!

You must have more money than sense - at least you now KNOW that Forex is GET POOR QUICK!
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,753
  • Oct 16, 2018 11:53am Oct 16, 2018 11:53am
Quoting strat
LOSING S$2257 = $1643 US. {image} {quote} Still trading while LOSING $1643 ($2257 Singapore) REAL MONEY in a REAL LIVE account! You must have more money than sense - at least you now KNOW that Forex is GET POOR QUICK!

He said: "If you don't respect risk, eventually they'll carry you out."


And watching his trades:

EUR/USD Buy 1.1605 1.1556 4 days ago -0.9% -49points

And then

EUR/USD Sell 1.1580 1.1588 26 hr ago -3.3% -8 points
EUR/USD Buy 1.1595 1.1589 27 hr ago -2.6% -6 points


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

I can bet that He already this "Bad Emotions" "Bad Psychology" are controling him...

First 49points is -0.9% of his account and now only -6 points is -2.6% and -8 points is -3.3%

Very sure He is jumping systems with stress and desesperate mode... trying to revenge the market and trying to take back all his lossing money in just one trade.

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

I dont know why He didnt follow his "sign" "If you don't respect risk, eventually they'll carry you out."
  • #7,754
  • Edited 1:04pm Oct 16, 2018 11:54am | Edited 1:04pm
PASR

Quoting Victoria2017
{quote} Thank you very much Strat. All those words are great lecture notes for me. I read this post four times. There are a few hammers, which let my mind becomes clear. Good observation BUT, what do you get from this and how will it help you to trade EURNZD? This is some thing I need to fix when I do my analysis now. It will be improved in the next post I believe. This NOT a PLAN! It is as much use as a crack in a glass eye! Go back and read, learn and UNDERSTAND what a REAL Trading PLAN is. More important it tells me you have no PASR skills I...
Victoria,

Since there are no trends in M5 to trade in my PDT time zone, I have spent TIME going through all your posts on here starting with your first post on July 05, 2018.

The next day, you start practice trading PASR. Then, surprise, SURPRISE, 8 days later, you lost 100 practice pips

My understanding of you from my TIME spent on your posts is that you are looking for short cuts and are NOT prepared to study my "old" original thread followed by this thread. To my knowledge, no-one has emerged "consistently profitable" by taking short cuts and not reading, learning and UNDERSTANDING both threads.

There is THE PATH on both these threads with a logical progression of learning on my "old" original thread.

There is EVEN a document on THE PATH from my now expired Private Website:

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I could write a book on what you have not done and what you should have done.

You cannot accelerate your LEARNING. Neither is there a race or rush to trade - the Market will always be there. There is HappyTrend who came on here as the Hare and JCMPete who came on as the tortoise. Had you read their posts you would know what happened.

So, until I SEE evidence that you have read, learned and UNDERSTOOD both threads and are on THE PATH, I am leaving you to those on here prepared to help you.
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,755
  • Oct 16, 2018 12:02pm Oct 16, 2018 12:02pm
USDCAD M15 PASR Trend Trading:




Happy Trading,
Yomi.
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Time always comes before price
  • #7,756
  • Oct 16, 2018 12:06pm Oct 16, 2018 12:06pm
ADR & ATR

Quoting LarryK
ADR A question about this indicator, how is this meant to help in any decision making with regard to a trade one may be contemplating? Forgive me if I have missed this somewhere but I don't remember seeing anyone refer to it when they entered a trade or planned to trade, or were managing a trade they were in.
Larry, did you read this on my PASR CORE SYSTEM - OVERVIEW from my expired Private Website?

You must use ALL the resources I have done on here - I can lead a horse to water but I can't make him drink!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #7,757
  • Oct 16, 2018 12:18pm Oct 16, 2018 12:18pm
Psychology - Who CONTROLS your time?

Quoting huatzhi
{quote} Who CONTROLS your time? This strike me a lot. I did not reflect much about this issue until now. I will share my current experience regarding to time issue here. I've been struggling with time issue for quite awhile. At first, I thought it just purely because I don't have a schedule at all. So, I gave myself a rough schedule. Next, I found that after work I usually get lazy easily, so I moved my study time to morning. Then, morning could be too rush, so I adjust my bedtime so I wake up slightly earlier than 5am (which is 5pm New York, for...
Thank you, huatzhi - just this one reply cancels out all the ridiculing I got from the "self proclaimed gurus" and "know it alls" when I post about trading being 95% Psychology and 5% technical/charting skill.

In summary - WE are in CONTROL of our Life, our Destiny. WE have a LIFE PLAN and WE work selflessly everyday on that LIFE PLAN.

Those who are NOT in CONTROL are like corks aimlessly bobbing about on the Ocean relentlessly going up and down and backwards and forwards with the tide.

Ask yourself, everyday, am I IN CONTROL? Am I making it happen or am I being tossed around by others in Life?
15 YEARS OF PASR ON FOREX FACTORY!
  • #7,758
  • Edited 12:58pm Oct 16, 2018 12:44pm | Edited 12:58pm
NZDUSD M15 PASR Trend Trading:

Quoting fxrabbi
NZDUSD M15 PASR Trend Trading: Happy Trading, Yomi. {image}
Thanks Yomi, and as always, well done

Just to show the importance of understanding volatility (or lack of it in my time zone), opportunity, RISK, and the time frame being traded here is what I had:

When I get to my chart at 7:30am PDT, I see a PASR Trend opportunity so here is my split second thinking:

PRICE has already achieved and tested H1 high. This is a low volatility pair (21st on my volatility list) I don't normally trade. It is already 10:30am in New York.

I have a 10 pip RISK for a 7 pips trade ""IF"" PRICE tests the H1 high for a 3rd time. I have the same risk for a 29 pips trade ""IF"" PRICE trends and tests the H4 high.

I don't know (UNDERSTAND) this pair and the RISK and LOW PROBABILITY of PROFIT makes me walk away.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #7,759
  • Oct 16, 2018 12:57pm Oct 16, 2018 12:57pm
USDCAD M15 PASR Trend Trading:

Quoting fxrabbi
USDCAD M15 PASR Trend Trading: Happy Trading, Yomi. {image}
Thanks Yomi, and as always, well done

Same scenario as my Post above, Post 7758

USDCAD is 12th on my volatility list and I don't normally trade it.

I SEE a strong M5/M15 trend in progress BUT my Stop Loss would be 30 pips (which already exceeds what I would RISK) for 19 pips ""IF"" PRICE reaches H1 support or 25 pips ""IF"" PRICE reaches H4 support. It is already 10:30am in New York with volatility dying. NO THANK YOU!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #7,760
  • Oct 16, 2018 1:27pm Oct 16, 2018 1:27pm
Quoting strat
USDCAD M15 PASR Trend Trading: {quote} Thanks Yomi, and as always, well done Same scenario as my Post above, Post 7758 USDCAD is 12th on my volatility list and I don't normally trade it. I SEE a strong M5/M15 trend in progress BUT my Stop Loss would be 30 pips (which already exceeds what I would RISK) for 19 pips ""IF"" PRICE reaches H1 support or 25 pips ""IF"" PRICE reaches H4 support. It is already 10:30am in New York with volatility dying. NO THANK YOU! {image}
Thanks for your guidance here.

The above trades I posted today are not among my/our top ten volatility list. But I do takes them once in awhile if I can't find a good setup on my/our top ten volatility list.

Always good to hear from the Master.


Happy Trading,
Yomi.
Time always comes before price
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