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Strat's PASR Long Term, Stress Free Trading

  • #9,001
  • Nov 27, 2018 10:23am Nov 27, 2018 10:23am
There are a couple issue with CHF pairs that we aren't trading them. You can do a search within this trade about CHF to understand more, though #6632 do give enough reason to avoid. Alright, after get that out of the way, here is my opinion (not fact). B - It is not a "signal". However yes, it does tell us that the price may want to go down. The opening candle high also confluence with Strat Shadow. as it get rejected. W - Change of polarity of Strat Shadow as well, kind of give these two Shooting Stars a confidence boost. I would prefer to place my entry stop below both Shooting Star low instead to confirm that the price actually want to go down. This is personal preference though, is alright you do that. {quote} How far in the past do you look? As far back as possible. You have to work out your way of drawing SR that suit for you in the end base on how you trade. Just knowing some will be less significant than the others. So I think is ok to have more SR (especially after so long since he made that post) I would not be able to catch the hammer when in hard right edge I think (due to the Strat Shadow is in the way, that hammer is a doji in my chart anyway so I don't know). That is not a shooting star in your chart by the way. Shooting star need to have some body, and also be on swing high. {image}[/quote]

Hi Huatzi and Rub,
thanks for your comments, I noticed that you skip CHF pairs, I just did it for practice and paper trading, not for a live trading. I will put out all chf pairs from my MT4!
Regards
Igor
  • #9,002
  • Nov 27, 2018 10:34am Nov 27, 2018 10:34am
Quoting TerryDawe
{quote} Good points Larry, Price definitely finding resistance at 113 to 114 area as this has been tested numerous times since the beginning of 2017. My comments were based on the structure of the shadow on Big Boss, Boss and worker with all three being positive. Also even though within a WCC, the Boss swing low was confirmed with a failed BEOB the week of October 21st as it was immediately followed by a BUEB. It seems that for the near term price may just whiz up and down within the WCC until a decision is made to go one way or the other, so this...
I like your analysis!
  • #9,003
  • Nov 27, 2018 11:47am Nov 27, 2018 11:47am
USDJPY H4

Quoting TerryDawe
{quote} Follow up USDJPY comments from last week. The H1 and H4 candles at the bottom of the WCC did provide a good long signal last week. So far price has moved to the center area of the WCC and looks like it may make it further still. This pair is topping but there is no way of knowing at the moment which way it will finally go so we continue to take long opportunities on pullbacks until direction is provided by the big boys. {image} {image}
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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,004
  • Nov 27, 2018 11:51am Nov 27, 2018 11:51am
CHF

Quoting Francl
{quote} There are a couple issue with CHF pairs that we aren't trading them. You can do a search within this trade about CHF to understand more, though #6632 do give enough reason to avoid.
By all means practice on CHF pairs but NEVER trade them.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,005
  • Nov 27, 2018 11:59am Nov 27, 2018 11:59am
GBPCAD M5

Fed up after 21/2 hours so exit and bank

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,006
  • Edited Nov 28, 2018 2:49am Nov 27, 2018 6:14pm | Edited Nov 28, 2018 2:49am
Quoting Ali.J
When you do what the Teacher tells us, the result is: Enjoyment & Happy Days... .

Received a PM (from someone) about Long term vs Short term trading.

Yesterday when i was reading through the path , I had Light blab moment :
At first we all here trading to making MONEY.
So ....
There's Two Different Types:
1. Long Terms Trading:
Less opportunities➡, less trades➡ , less MONEY.
(It's seems like Investing more than Trading) !
2. Short Terms Trading
So Emotional➡ Lots of Mistakes➡, More Losses➡, Less Money.
So my question is :
How do you SEE this road cross by your eyes?
Did you had moments like this in your journey? What do you do to deal with it?


May be I will (try to) give my view on it here so that Seniors could correct me (If I am wrong..)

Typing MONEY in capital tells me you think more about money. Yes, we all here to make money. But somehow we need to find a way to trade without thinking about how much money we will get from each trade.As per teachings here, think more about the amount you can risk.May be PROFIT would be better word than money

Long Term Trading

Less opportunities➡, less trades➡ , less MONEY- In the beginning you will find many opportunities (good and bad trades ), after you become experienced may be less opportunities. Because this is what I am going through now. I find many opportunities every day (even in 4Hr and higher time frame charts). when you start getting to KNOW what you doing then may be less opportunities(because you are picky with your trades..), But good trades.

Investing -Not necessarily, It depends what time frame you trading ,How quick you getting in and out of the trading.

However, stresses seams to be less, That's why its called LONG TERM STRESS FREE TRADING...

Short Term Trading

So Emotional, Lots of Mistakes, More Losses, Less Money- Yes, until we become experienced and KNOW what we doing . But when we KNOW what we doing and enjoy what we doing then the stresses will be less. Less losses and more profits. Example..STRAT..do you see him making lot of mistakes(in M5 trading)..Do you see him emotional..Do you see him take more losses.? when you know What you doing- more PROFITS.

How do you SEE this road cross by your eyes?

As per Strat's teachings Markets are fractal. We can trade Daily charts the same way we trade M5. However, what candles tell about PRICE are much reliable in long term charts. As per what I have learned in THE PATH up to now, I feel we can learn to read the PRICE. Candles tells us lots of information.


Just keep reading THE PATH and practice with out any bias for Long term or Short term trading. After some experience you will figure out your own time frame which suits you. I am still looking for time frame suits me.


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #9,007
  • Nov 28, 2018 12:26am Nov 28, 2018 12:26am
Quoting Suran
{quote} Received a PM (from someone) about Long term vs Short term trading. Yesterday when i was reading through the path , I had Light blab moment : At first we all here trading to making MONEY. So .... There's Two Different Types: 1. Long Terms Trading: Less opportunities➡, less trades➡ , less MONEY. (It's seems like Investing more than Trading) ! 2. Short Terms Trading So Emotional➡ Lots of Mistakes➡, More Losses➡, Less Money. So my question is : How do you SEE this road cross by your eyes? Did you had moments...
hello
1. Long Terms Trading: Less opportunities➡, less trades➡ , less MONEY. (It's seems like Investing more than Trading) !
That is not correct. Less opportunities lead to less trades which in turn lead to MORE money (unless you still dont know how to pick the more favorable positions)
Investing is buying stocks and keeping them because you like to actually invest the money IN the company (or bonds of a company country, or gold , or a house etc)
2. Short Terms Trading So Emotional➡ Lots of Mistakes➡, More Losses➡, Less Money.
This just shows that you are not that comfortable on short timeframes. The same rule applies here as above.
You, the trader, need to pick less trades (which makes the whole process less emotional) , mistakes? (those happen to everyone and it is up to you to eliminate).
There are though more opportunities. Because you pretty much have 5-15 mins to make a decision, that is why you need to be more selective.
3. MONEY
If you focus alot on money gained , eventually you will be affected more when you lose money. Your priority should be to get used to lose money on each trade.
The moment you decide your stop loss you should consider that amount of money lost, commission paid to have an opportunity to make money
  • #9,008
  • Nov 28, 2018 1:17am Nov 28, 2018 1:17am
Quoting bistolis
{quote} hello 1. Long Terms Trading: Less opportunities...
Thanks Bistolis, much appreciate


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #9,009
  • Nov 28, 2018 6:56am Nov 28, 2018 6:56am
Today while I was reading through THE PATH , I wanted to check something Strat said about USDCHF charts(in May 11 2014).So opened up the USDCHF charts.

I saw this nice trend. I was speechless when I see how that trend ended and what happened after..

Apparently PRICE always (or most of the time) indicate (or give indication) about what's going to happen. Or in other words give's us a warning sign.

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See what happened after....SNB Crash.. People who exit the trades after that big Doji candle might have been saved..

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beautiful

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #9,010
  • Nov 28, 2018 10:44am Nov 28, 2018 10:44am
AUDCAD

Quoting HappyTrend
{quote} Hello Strat. I have a question in how to manage the SWING TRADES - AUDCAD. A buy Position on 30 of October managing it with the "Swing Trade". Im confuse when to close it or when to Trail the stoploss. Right now we are inside of WCC between two lines, one of support and one of resistance. Im thinking: 1) I should move the Stoploss bellow of WCC, and watching for add a position if i see an entry and maybe still going UP SWING (Break up WCC).? 2) I should already close my position when Daily form 11/15/2018 Shooting Star, And then price try...
I cannot help unless you post a chart
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,011
  • Edited 11:47am Nov 28, 2018 11:35am | Edited 11:47am
USDCHF

Quoting Suran
Today while I was reading through THE PATH , I wanted to check something Strat said about USDCHF charts(in May 11 2014).So opened up the USDCHF charts. I saw this nice trend. I was speechless when I see how that trend ended and what happened after.. Apparently PRICE always (or most of the time) indicate (or give indication) about what's going to happen. Or in other words give's us a warning sign. {image} See what happened after....SNB Crash.. People who exit the trades after that big Doji candle might have been saved.. {image} beautiful Suranga...
This is why I no longer trade CHF pairs:

My Stop Loss to protect my positions was under that gravestone doji on the Daily and shooting star like candle on the Weekly BUT:

SNB, UNANNOUNCED, flooded the Market with such huge amounts of CHF BUY orders which caused PRICE to drop FASTER than a lightning bolt!

My stop loss didn't get triggered until 85% of my profits were wiped out!

Not that it would have mattered but this was not a scheduled "news" event which is typical of SNB.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,012
  • Edited 12:01pm Nov 28, 2018 11:43am | Edited 12:01pm
GBPUSD M5 Basic PASR

50 pips in 15 minutes - thank you ""BOE Gov Carney Speaks""

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,013
  • Nov 28, 2018 11:57am Nov 28, 2018 11:57am
Quoting strat
AUDCAD {quote} I cannot help unless you post a chart
AUDCAD

BOSS

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Worker

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That entry managing in a SWING TRADE. In Worker Chart, the yellow arrow and asking "Taking an Action"? Do u close partial profits or something (doing Boss Swing)?

Or move your stoploss bellow of the WCC formed in 23 november?


I know each person have different personality and i cant trade like you, but i want to read your personal opinion in how to manage these traders. (My first time doing Swing Boss Trade and im learning too much!, thank you!)
  • #9,014
  • Nov 28, 2018 12:00pm Nov 28, 2018 12:00pm
PASR THE PATH

Quoting Suran
{quote} Received a PM (from someone) about Long term vs Short term trading. Yesterday when i was reading through the path , I had Light blab moment : At first we all here trading to making MONEY. So .... There's Two Different Types: 1. Long Terms Trading: Less opportunities➡, less trades➡ , less MONEY. (It's seems like Investing more than Trading) ! 2. Short Terms Trading So Emotional➡ Lots of Mistakes➡, More Losses➡, Less Money. So my question is : How do you SEE this road cross by your eyes? Did you had moments...
Suranga, I assume this ""someone"" is Ali.J again. I cannot tell you what to do with your PMs but if it was me I would tell him "no more PMs - post on the thread!"

How do you SEE this road cross by your eyes?
Did you had moments like this in your journey? What do you do to deal with it?

Both you and bistolis gave good replies BUT my reply would have been "What the hell has this to do with LEARNING and UNDERSTANDING PASR THE PATH?"

This guy cannot FOCUS for one second without his mind wandering onto theoretical nonsense!

He sent you a PM because he knew that if he posted that rubbish on here he would be FOREVER BANNED!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,015
  • Nov 28, 2018 12:26pm Nov 28, 2018 12:26pm
AUDCAD

Quoting HappyTrend
{quote} AUDCAD BOSS {image} Worker {image} That entry managing in a SWING TRADE. In Worker Chart, the yellow arrow and asking "Taking an Action"? Do u close partial profits or something (doing Boss Swing)? Or move your stoploss bellow of the WCC formed in 23 november? I know each person have different personality and i cant trade like you, but i want to read your personal opinion in how to manage these traders. (My first time doing Swing Boss Trade and im learning too much!, thank you!)
That entry managing in a SWING TRADE

My first time doing Swing Boss Trade

HT, you are fooling yourself, at the stage of your PASR learning, that you think you can trade the Boss swing on the Worker. You need to spend thousands of hours trading Basic PASR, Swing PASR and Trend PASR on thousands of charts while SEEING BEYOND THE CANDLES.

In Worker Chart, the yellow arrow and asking "Taking an Action"? Do u close partial profits or something (doing Boss Swing)?

IF you really knew what you were doing and really UNDERSTOOD PASR and the Power of Time Frames you would know how to trade the Boss Swing on the Worker.

You joined us with a ""scalping mentality"" - this question tells me you STILL have a ""scalping mentality"". It also tells me you have too big a position size for your Little People to manage!

The answer to your question is on the Daily chart without even thinking about the Weekly chart.

You need to spend thousands of hours trading Basic PASR, Swing PASR and Trend PASR on thousands of charts

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,016
  • Nov 28, 2018 12:41pm Nov 28, 2018 12:41pm
GBPAUD M5 PASR Trend Trading

While FOCUSING and MANAGING my GBPUSD M5 Basic PASR trade, I completely missed this GBPAUD M5 PASR Trend Trade of 120 + pips - but that is OK, we can't trade every pair under the sun. I am very happy with my 50 pips in 15 minutes which leaves me FREE to do anything.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,017
  • Nov 28, 2018 12:49pm Nov 28, 2018 12:49pm
Quoting strat
AUDCAD {quote} That entry managing in a SWING TRADE My first time doing Swing Boss Trade HT, you are fooling yourself, at the stage of your PASR learning, that you think you can trade the Boss swing on the Worker. You need to spend thousands of hours trading Basic PASR, Swing PASR and Trend PASR on thousands of charts while SEEING BEYOND THE CANDLES. In Worker Chart, the yellow arrow and asking "Taking an Action"? Do u close partial profits or something (doing Boss Swing)? IF you really knew what you were doing and really UNDERSTOOD PASR and the...
Hello, No! F**k the Scalp Mentality hahaha... As i told you before.. i come from Tick Charts to Now Boss Swing Trades...

Talking about me:

Im that kind of person that can study everyday for about 6hours in only study... i mean, looking the charts... Taking Notes and i really enjoy this profession since the begining... I arrive with Tick Charts mentality.. but now after 1 Year and 1 Month (Joined Oct 2017 ) Has been for me a big change in all this time.

In Ninjatrader i can put 3 different timeframe charts and put everything in the right side, i mean... with the "Right Arrow" of the keyboard i start studyng each candle if in there was in live moment... Same thing you can do with a "Market Replay" (I dont know if in MT4 can do that or with custom scripts/indicators). Then i only have 1 year 1 month in live (Doing PASR.. but i have been in live since before), trading in the moment and already have study more of 2.1k hours just in PASR, BASIC PASR, SWING PASR and Trend PASR.

Edit: Thinking in the hours that already invest changing... minium is 2.1k hours, but for sure... is more.

I can stay with a good red wine studyng the charts all the day without getting bored...

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

Ok going back to the post, the Boss Swing UP are intact but that Worker Chart, depending or what im watching (What system im apply if Boss Swing, Basic PASR or Trend PASR) i can take profits and re enter again.

My position is small... -> this is my personal opinion <- i like to have a good balance and only risk very small positions.. i dont like to see drawdowns that can affect my balance trading "overlavarage" and things like that.... Maybe in the future... when i start trading a full lotsize im going to take a look to the margin too hehe, but not for now.

Now, My position BOSS SWING TRADE still open and yes... watching daily candles sometimes i was thinking to close the trade and waiting for re add.. but i just leave it open because BOSS CHART still intact the Up Swing. And im asking that... for see if is a "wise" decision or can be a better decision to take.



Thank you Strat!
  • #9,018
  • Edited 1:50pm Nov 28, 2018 1:31pm | Edited 1:50pm
AUDCAD

Quoting HappyTrend
{quote} Now, My position BOSS SWING TRADE still open and yes... watching daily candles sometimes i was thinking to close the trade and waiting for re add.. but i just leave it open because BOSS CHART still intact the Up Swing. And im asking that... for see if is a "wise" decision or can be a better decision to take. Thank you Strat!
watching daily candles sometimes i was thinking to close the trade

If you are trading the Boss Swing why are you thinking to close the Daily charts?

waiting for re add

So why haven't you done this?

You say ""but i just leave it open because BOSS CHART still intact the Up Swing"" then ask ""if is a "wise" decision or can be a better decision to take""?

What other options are there IF you are trading the Boss Swing?

What do you SEE when you look at the Boss chart?

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,019
  • Nov 28, 2018 1:39pm Nov 28, 2018 1:39pm
USDJPY H4

Quoting strat
USDJPY H4 {quote} {image}
Hope you took notice, Terry

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,020
  • Nov 28, 2018 5:05pm Nov 28, 2018 5:05pm
Quoting strat
AUDCAD {quote} watching daily candles sometimes i was thinking to close the trade If you are trading the Boss Swing why are you thinking to close the Daily charts? waiting for re add So why haven't you done this? You say ""but i just leave it open because BOSS CHART still intact the Up Swing"" then ask ""if is a "wise" decision or can be a better decision to take""? What other options are there IF you are trading the Boss Swing? What do you SEE when you look at the Boss chart? {image}

Thank you!

Christmas arrive one month before aprox hehehe.

I cant believe why i have never tried to trade in this way! Is more easy and u have always the sync with the market. Once again thank you Strat for your patience with this Humble Hare.
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