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Strat's PASR Long Term, Stress Free Trading

  • #8,661
  • Nov 13, 2018 8:56am Nov 13, 2018 8:56am
Quoting HappyTrend
{quote} This is going be my last post to you... How much time it take to click in ur name? How much time someone need to understand that EGO is only going to kill you.? Whatever, go and play with your demo account. (This was my last post to you, GoodLuck in ur Game)
Your on the TOP. Let it be, I don't care.
Good Luck
  • #8,662
  • Nov 13, 2018 9:21am Nov 13, 2018 9:21am
Quoting BlackNapkins
{image}
So you subscribe to this thread, and in less than 24 hours you unsubscribe, and tell Strat bye....

Hell I have trades currently running that have lasted longer than that.

I assume you know that four GBP trades equal 4 times the risk. I am glad they worked out but the opposite could have happened as well.
Successful people do what unsuccessful people are not willing to do
  • #8,663
  • Nov 13, 2018 9:25am Nov 13, 2018 9:25am
NZDUSD & EURNZD

Quoting huatzhi
{quote} Hi Strat, Here is my another try of NZDUSD analysis after reading your comment, please comment if you may. BB {image} The price is in down swing. it get supported by SR around BRN 0.65. - I expect it to retrace back to Strat Shadow confluence with 200ema and SR around BRN 0.69. - Some sellers could have been taking profit, wait for better price to sell again. (This doesn't seems to be the case as you had explained) B {image} The price is testing and resisted by SR area between 0.68 and 0.69 confluence with Strat Shadow. Is in up swing. -...
You have good comments from Rub - TRADER HELPING TRADERS

You did good, huatzhi.

And there goes 4 hours of my morning.

That is 4 hours well spent.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,664
  • Nov 13, 2018 9:40am Nov 13, 2018 9:40am
AUDUSD

Quoting Rub
{quote} Well, after thinking on it I closed my AUD/USD trade. Really is going against the buying I reckon I can see previously. {quote} Well, after thinking on it I closed my AUD/USD trade. Really is going against the buying I reckon I can see previously. {quote} I like your analysis, and largely agree. Price is testing big boss resistance, but there is no clear sell signal on worker. You are correct to stay out. EUR/NZD I entered on a four hour candle, as you can see in my chart. Worker context is the second chart. {image} {image}
Well, after thinking on it I closed my AUD/USD trade. Really is going against the buying I reckon I can see previously.

A CLOSE above BRN 0.74 will show that the buyers outnumber the sellers. Until then PRICE will likely bobble up and down between support and resistance.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,665
  • Nov 13, 2018 9:45am Nov 13, 2018 9:45am
Quoting Rub
{quote} EUR/NZD I entered on a four hour candle, as you can see in my chart. Worker context is the second chart. {image} {image}
Good trading, Ben. Trust you know where to bank your profits.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,666
  • Nov 13, 2018 9:57am Nov 13, 2018 9:57am
GBPAUD M5 PASR Trend Trading

Quoting Malu
GBP AUD M5 Trend Trading Jumped in pretty early this morning, when the trend started to establish. But was a nice 80 pip move. {image}
It looks like you entered 20 minutes after London Open which, in this case, worked out for you as you waited for confluence of CLOSE above the Strat Shadow and 200 ema. Just be careful in that opening hour as over night orders are being filled. Had the overnight orders been "sell", PRICE would have gone against you and especially on GBP which is ultra sensitive to Brexit "talking heads".

Make sure your DISCIPLINE is in check.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,667
  • Nov 13, 2018 10:02am Nov 13, 2018 10:02am
EUR USD M5 Trend Trading

For that one I waited a bit longer.
Strat you are right, that the GBP AUD-trade was a bit risky, but it felt right, when I took the trade this morning. Thanks for the advice.
Discipline is really one thing I have to work on (not to take too many trades!)

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  • #8,668
  • Nov 13, 2018 10:44am Nov 13, 2018 10:44am
Quoting BlackNapkins
Goodbye Strat!
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I admire Strat works, as well his generosity, very much indeed. Spent hundred hours studying stuff, maybe even more then you did. But I do not accept how he treat opponents.

You know I came for post communistic country and for bigger part of my live I was treated that WAY. I just can stand it

POOR BABY!

I have posted this many times and I will post it again for the benefit of all the LURKERS and TROLLS who appear everyday at the bottom of MY thread.

Trading is a DOG eat DOG world!

It is NOT a profession for the meek and weak minded people. Trading requires that you have a strong character and mentality among many other things.

Put simply, trading requires that you have a tough skin - a very tough skin.

My style of teaching is NOT, and never will be, spoon feeding (giving signals). I make the student do the work to find their own trades so that they are dependent on no-one, only themselves. As the good book says, ""Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime"".

My style of teaching STARTS with weeding out the MEN from the boys and WOMEN from the girls. If you cannot stand me calling out the weaknesses in your character and mentality then YOU WILL NEVER MAKE IT IN TRADING.

This has been proven over and over again in almost 10 years of MY teaching PASR here on Forex Factory and my extinct private website.

And would you believe it - it has just been proven AGAIN!

This is MY thread, MY strategy and MY style of teaching.

All the LURKERS and TROLLS appearing below the thread have a choice - either become a student or keep the hell out of MY way!

If you come on here, EXPECT that I will FIRST test and find out your character and mentality.

If you don't like being told the TRUTH about your mentality and character then find another thread - I only work with those who are SERIOUS about learning PASR to become "consistently profitable" to eventually trade for their living.

YOU have a choice and..............................I have a choice - No-one is forcing you to be on here!
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,669
  • Nov 13, 2018 11:08am Nov 13, 2018 11:08am
EURJPY Swing Trade

Update: Got stopped out for 95 pips. I should seen the 'Hammer-ish' candle on H1, or the confirmed swing low on H1 and exited, or take half-profit, but I placed my support much lower and didn't notice it. (The blue line was absent from my chart)
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Any comments on better exit? I am still working on it as I find it one of the hardest to grasp in trading (GREED vs FEAR)
  • #8,670
  • Nov 13, 2018 11:09am Nov 13, 2018 11:09am
Quoting strat
AUDCAD {quote} Can i ask, if u have any long entry in AUDCAD? If yes, can you show me please? No, but if I did, I would Swing trade it from the Boss no different to how I would trade any other pair. In accordance with my PASR Swing Trading strategy, I would determine the end of the down swing/beginning of a new up swing on the Boss (Weekly) and transfer this to the Worker (Daily) and enter my buy stop a few pips above the blue candle on the Worker. i want to know where you entry for learning Remember, we, as humans, are unique as is our trading...

Hello Strat, im having problems with my emotions holding the trades long term (when the trade, is in profits and then is going pullback, that retrace/drawdown sometimes affect my emotions).

I have a question, about that post that i have quoted you.

In that Long Entry, Trading the Boss Swing... how you handle those day of retracement?
  • #8,671
  • Nov 13, 2018 11:28am Nov 13, 2018 11:28am
EURUSD M5 PASR Trend Trading

Quoting Malu
EUR USD M5 Trend Trading For that one I waited a bit longer.

Strat you are right, that the GBP AUD-trade was a bit risky, but it felt right, when I took the trade this morning. Thanks for the advice. Discipline is really one thing I have to work on (not to take too many trades!) {image}
For that one I waited a bit longer.

Good. Always remember, "it is better to be out of a trade wishing you were in, than being in a trade wishing you were out!"

There were 2 entries earlier which you could have taken

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There were 3 entries just after 7am PST but EURUSD is not on my M5 watch list

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15 YEARS OF PASR ON FOREX FACTORY!
  • #8,672
  • Nov 13, 2018 12:02pm Nov 13, 2018 12:02pm
EURJPY Swing Trade Update

Quoting MikuSS
EURJPY Swing Trade Update: Got stopped out for 95 pips. I should seen the 'Hammer-ish' candle on H1, or the confirmed swing low on H1 and exited, or take half-profit, but I placed my support much lower and didn't notice it. (The blue line was absent from my chart) {image} {image} Any comments on better exit? I am still working on it as I find it one of the hardest to grasp in trading (GREED vs FEAR)
So, from your Post 8595, H1 is your Worker

Will monitor on H1 and H4 and add positions if possible.

Well this confuses me! Do you really know which time frame you are managing your trades on? Are you trading the H4 Swing on H1 or just trading H1?

Any comments on better exit?

Sorry, but I cannot help until I know the answer to the above question.

I find one of the hardest to grasp in trading GREED vs FEAR

This is why the technical and charting represents only 5% of our success in trading.

As I have posted many times before, controlling our Trading Psychology is the hardest thing to achieve. To help with this:

Make sure you have an IRREVOCABLE PLAN

Make sure your lot and position size does NOT exceed your RISK tolerance.

Make sure your stop loss is correct.

Make sure you have ACCEPTED the monetary LOSS in the event your trade(s) go AGAINST you. If you can't accept this, then keep reducing your position size UNTIL you can ACCEPT the LOSS. Always go into each trade ACCEPTING the LOSS your stop loss represents.

TRADE YOUR PLAN

Do NOT be influenced by others.

As for GREED, attempt to CONTROL this by setting REALISTIC, ACHIEVABLE profit targets. Instead of trying to profit with 1,000 pips, break this down into smaller, REALISTIC and ACHIEVABLE chunks which are presented by PRICE.

STOP thinking about profit and focus on RISK and our No1 Rule.

Accept that maybe you do not have the experience yet, to Swing Trade in the manner you wish for.

Above all, remember to do everything you can/have to, to keep your Little People in the background and away from you and your trading.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,673
  • Nov 13, 2018 12:23pm Nov 13, 2018 12:23pm
AUDCAD

Quoting HappyTrend
{quote} Hello Strat, im having problems with my emotions holding the trades long term (when the trade, is in profits and then is going pullback, that retrace/drawdown sometimes affect my emotions). I have a question, about that post that i have quoted you. In that Long Entry, Trading the Boss Swing... how you handle those day of retracement?
In that Long Entry, Trading the Boss Swing... how you handle those day of retracement?

With almost 35 years of total trading experience.

Again, as I previously mentioned, this is an Advanced Strategy for experienced, consistently profitable PASR traders. Repeating my answer to Miku in the post above ""Accept that maybe you do not have the experience yet, to Swing Trade in the manner you wish for"".

When you have accumulated the experience, then the "teacher" will appear, Grasshopper!

Think of it this way, just because you can drive your Porsche fast does not qualify you to drive an F1 car at over 200+ mph (322+ km/h).

Also, do not think that I am perfect in trading Boss Swings on the Worker. I am not. Sometimes I get out too early and sometimes I get out too late. The key point is I am HAPPY with what I get and NEVER think about what I missed/left on the table.
15 YEARS OF PASR ON FOREX FACTORY!
  • #8,674
  • Nov 13, 2018 1:20pm Nov 13, 2018 1:20pm
Good day All

NzdCad Analysis

Big Boss (Monthly):

October ended a long tailed Doji on support. This month's candle is so far a very strong bullish candle.

Boss:

Strong immediate uptrend. Swing low was already confirmed at the blue line on my chart. This immediate uptrend is reflected in the strong bull candle on the Big Boss chart. (Learning to see beyond candles)

Worker:

Blue line carried over from the Boss. I should have started looking for PASR around here but didn't as I did not SEE it at the time. The BUEB indicated with the blue arrow would have been a good entry. Price have moved onto close above the 200 and support. Looking to see if the current worker candle will close as a BUOB in order to enter long.

Any comments on this analysis will be welcome.
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  • #8,675
  • Nov 13, 2018 4:00pm Nov 13, 2018 4:00pm
Good evening

NZDUSD analysis

Bigboss: down trend, but bounced from support, swing low is confirmed
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Boss: intermediate downtrend but recently closed above 20 and confirmed swing low so immediate up trend, now traped betwen to SR,
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Worker: Up trend, crosed 20 and 72, broke 1st resistance 0,671ish, retraced from resistance 0,681 and 200 ema, (confirmed swing high), today bounced from previous resistance and engulfed inverted hammer, theoreticaly would go long above todays high or few pips more than friday candle high, but no good RR cause above is SR and ema 200, will wait if this could be taken out, I will look also H4 or H1 for potential entry.
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Hope I did beter SR drawing than last time
Regards
Igor
  • #8,676
  • Nov 13, 2018 4:08pm Nov 13, 2018 4:08pm
Quoting HappyTrend
{quote} I think first of all, you need to show respect to the creator of the Thread. Second, you only have posted 4 times in this Thread and then you are telling to strat how he needs to act? even when you: Started ignoring him? {image} ?????? Are you Ok BlackNapkins? Did you know that in this Profession... if you are with high ego and pride.. you are going to continue burning your account. oh.. i just check this: {image} GoodLuck with your Demo Account...
His interest in a thread named "Are we all idiots?" is just funny to me....
Val
  • #8,677
  • Nov 13, 2018 4:43pm Nov 13, 2018 4:43pm
Quoting BlackNapkins
Happy Trend, what a great investigation you've made. I am really pleased. So much time spent just to kick my ass. But still, you know NOTHING ABOUT ME NULLA , NIENTE ZERO!!! and nothing about the reason I did what I did. You should first ask me. I would expain it in PM, not here. BUT You don't need TO KNOW it, everything what you need to know is how to kick somebody's ass somebody who do not pay enough respect your master and you behaved accordingly in your search... it almost looks like professional KGB/FBI work. I admire Strat works, as well his...
Hi BN (ironic name)
Let me get this right you spent "hundreds" of hours studying this system and admire Strat but takes only few minutes to offend him and good folks here!
Looks like obvious contradiction! Referring Strat "your master" you have no idea how offensive that is!
More honest genuine person would of showed lot more appreciation supposedly after studying "hundreds " of hours here.
Its obvious you are as phony as they come! My thread gets same types and I know it can get ugly fast and I am glad Strat pulls the plug on these guys before more distraction.
Green pips
In trading, you have to be defensive and aggressive at the same time
  • #8,678
  • Nov 13, 2018 6:13pm Nov 13, 2018 6:13pm
Quoting strat
NZDUSD & EURNZD {quote} You have good comments from Rub - TRADER HELPING TRADERS You did good, huatzhi. And there goes 4 hours of my morning. That is 4 hours well spent.
Alright. I'll just keep on spending more this kind of time.

Quoting JCMPete
Good day All NzdCad Analysis Big Boss (Monthly): October ended a long tailed Doji on support. This month's candle is so far a very strong bullish candle. Boss: Strong immediate uptrend. Swing low was already confirmed at the blue line on my chart. This immediate uptrend is reflected in the strong bull candle on the Big Boss chart. (Learning to see beyond candles) Worker: Blue line carried over from the Boss. I should have started looking for PASR around here but didn't as I did not SEE it at the time. The BUEB indicated with the blue arrow would...
Hi Pete,

I agree what you see on the chart. However, I think I would be doubting whether to entry around this price due to what is on the way. Here is what I see:

BB
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On my feed, last month a hammer. It is testing the roof of the Strat Shadow.
- Last couple swing are LH and LL. It does not really mean much here as

B
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It is certainly very bullish, 200 ema is on the way.
- However the trend still show no sign of weakness though. SR can be cross cleanly when the trend is strong.

W
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The wobble show sign of weakness. Is a potential place to addon trend trade I think.
- I'll wait for retest of Strat Shadow anyway.
- There is a BUEB on November 9.
- Current price area is here price tend to wobble historically as well on daily chart.

Quoting Francl
Good evening NZDUSD analysis Bigboss: down trend, but bounced from support, swing low is confirmed {image} Boss: intermediate downtrend but recently closed above 20 and confirmed swing low so immediate up trend, now traped betwen to SR, {image} Worker: Up trend, crosed 20 and 72, broke 1st resistance 0,671ish, retraced from resistance 0,681 and 200 ema, (confirmed swing high), today bounced from previous resistance and engulfed inverted hammer, theoreticaly would go long above todays high or few pips more than friday candle high, but no good RR...
Hi Igor

On BB I would not consider it as confirmed swing low, not until current candle close. That's for me though. If boss make two long bearish candle for next two weeks, it could easily change what we see on BB.

If you dropped to H4, you got a control candle on your B.
  • #8,679
  • Nov 13, 2018 9:14pm Nov 13, 2018 9:14pm
Quoting strat
EURJPY Swing Trade Update {quote} So, from your Post 8595, H1 is your Worker Will monitor on H1 and H4 and add positions if possible. Well this confuses me! Do you really know which time frame you are managing your trades on? Are you trading the H4 Swing on H1 or just trading H1? Any comments on better exit? Sorry, but I cannot help until I know the answer to the above question. I find one of the hardest to grasp in trading GREED vs FEAR This is why the technical and charting represents only 5% of our success in trading. As I have posted many times...
Thank you Strat for your reply.

Yes I had a plan. I am actually happy that I kept to my plan this time round. Normally I would have closed the trade due to my Little People playing around inside my head.

I entered on H1 as the worker. However, looking at how good the trade went, I decided to 'upgrade' the trade and trade it as a swing on the H4 instead. Hence, I monitored the trade on H4 instead. I will exit only when there is Price Action telling me to exit (Engulfing Candles, Hammers, etc.). I did see the little candle marked on the H4 chart, unfortunately I did not have the blue line marked on the chart. If I did, it would have sent me a warning signal.
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By the time I checked H1 chart again, I saw these wicky candles, which I saw it as weak buyers. I was expecting Price to reverse pretty soon, So I looked for a Resistance zone above it and placed my SL there to protect my loss.
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What I have learnt during this trade:
1) Monitor the trade on Worker in relation to Boss. This is dependant on your entry, and there is no 'upgrade'. If my entry was H1, then I have to check H1 every hour. My Swing would be H4.
2) Look properly at your Support and Resistance zones for the time frame that you are trading. I was so blinded, I didn't see the Support that rejected Price for THREE times at the exact location.
  • #8,680
  • Nov 14, 2018 12:06am Nov 14, 2018 12:06am
Quoting strat
{quote} Good trading, Ben. Trust you know where to bank your profits. {image}
Thanks strat, would've liked a couple of add on trades, but it pretty much dropped straight to my target. I'm happy with that, take what the market gives and all!
Quoting strat
{quote} {image} {image} I admire Strat works, as well his generosity, very much indeed. Spent hundred hours studying stuff, maybe even more then you did. But I do not accept how he treat opponents. You know I came for post communistic country and for bigger part of my live I was treated that WAY. I just can stand it POOR BABY! I have posted this many times and I will post it again for the benefit of all the LURKERS and TROLLS who appear everyday at the bottom of MY thread. Trading is a DOG eat DOG world! It is NOT a profession for the meek and weak...
I admire your dedication to teaching this stuff strat, all the different trolls and people having issue with your teaching style would've had me spit the dummy a long time ago!

Quoting MikuSS
EURJPY Swing Trade Update: Got stopped out for 95 pips. I should seen the 'Hammer-ish' candle on H1, or the confirmed swing low on H1 and exited, or take half-profit, but I placed my support much lower and didn't notice it. (The blue line was absent from my chart) {image} {image} Any comments on better exit? I am still working on it as I find it one of the hardest to grasp in trading (GREED vs FEAR)
MikuSS, you've got it right. The exit should've been on that hammer at support you indicated. Pretty clear signal the swing down is over.
I see you have a reply from strat too, so take notice of what he has to say.

Quoting JCMPete
Good day All NzdCad Analysis Big Boss (Monthly): October ended a long tailed Doji on support. This month's candle is so far a very strong bullish candle. Boss: Strong immediate uptrend. Swing low was already confirmed at the blue line on my chart. This immediate uptrend is reflected in the strong bull candle on the Big Boss chart. (Learning to see beyond candles) Worker: Blue line carried over from the Boss. I should have started looking for PASR around here but didn't as I did not SEE it at the time. The BUEB indicated with the blue arrow would...
Have a look at where the big boys are likely taking this on big boss. To me that looks around the .9200/.9300 area. There's still room to go.

Boss has been rocketing up but is now at a area that's seen some consolidation in the past, so may pause here.
Worker, the entry you've indicated would've been a good one. For me, I would want to see a replacement toward the strat shadow, or a solid close above .9000 to enter. At the moment it looks to me like price is very extended, with a good chance it'll retrace.


Quoting Francl
Good evening NZDUSD analysis Bigboss: down trend, but bounced from support, swing low is confirmed {image} Boss: intermediate downtrend but recently closed above 20 and confirmed swing low so immediate up trend, now traped betwen to SR, {image} Worker: Up trend, crosed 20 and 72, broke 1st resistance 0,671ish, retraced from resistance 0,681 and 200 ema, (confirmed swing high), today bounced from previous resistance and engulfed inverted hammer, theoreticaly would go long above todays high or few pips more than friday candle high, but no good RR...
Big boss hasn't confirmed the swing low, we need a close for that. Having said that, price is currently testing big boss resistance.

Boss you're all over. Confirmed swing low etc. etc.

Worker also looks to be spot on. There might be a trade long on a shorter time frame, but there's not enough reward on the daily to get me to bite.
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