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Strat's PASR Long Term, Stress Free Trading

  • #9,041
  • Nov 29, 2018 10:05am Nov 29, 2018 10:05am
CHF and SNB

Quoting Suran
{quote} So you survived the crash but Alpari (my broker) went bust.. ha ha Thanks Strat
So you survived the crash but Alpari (my broker) went bust

As did many others which was clearing out the boys from the men!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,042
  • Nov 29, 2018 10:08am Nov 29, 2018 10:08am
NZDUSD

Quoting celguek
PASR in Training {quote} I just opened metatrader and it left me with my jaw closed by my palm. Eventho I traded with the minimum lot but this is my first time bag 150 pips. {image}
Well done - can you do it again? ...........and again?..........and again? etc
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,043
  • Nov 29, 2018 10:12am Nov 29, 2018 10:12am
GBPNZD M5 PASR Trend Trading

Quoting Malu
GBP NZD M5 Trend Trading Basically I try to wait for London opening, but this one jumped into my face this morning (it felt right!), so I decided to take that trade with a SL at my S/R-level above. Closing was the BUEB (see arrow) with +80 pips. Beside that I have lot of respect of all the GPB-pairs at the moment, as they are pretty volatile. So I just trade them intraday with tight SL. {image} Greetings, Markus
Basically I try to wait for London opening, but this one jumped into my face this morning (it felt right!)

Excellent, that is the best SORE THUMB trade I have seen in a while (you should see the mess I have to trade in PST)
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,044
  • Nov 29, 2018 10:16am Nov 29, 2018 10:16am
GBPUSD M5 PASR Trend Trading

Quoting Malu
{quote} Thanks Suran. Yes it was (is) a nice day for M5 Trend Trading. Wasn't in GBP AUD as that is highly correlated with GBP NZD. Took GBP USD, where I could manage +15 pips. {image} Greetings, Markus
Good, Markus, but I don't see any SR levels on your chart - are you trading blind?
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,045
  • Nov 29, 2018 10:46am Nov 29, 2018 10:46am
AUDUSD H4

Quoting Suran
Hi Strat (and all) Today I tried this trade which become a loser.Could you pls give me your views. AUDUSD Counter trend trade. Price inside the Weekly control candle for last two weeks. I saw this 4H Shooting star (I would like bit long wick) at top level of Weekly control candle, My plan was to trade this at least to Strat Shadow support. {image} Many thanks Suranga P.S. Should I need to consider that big Bullish candle before entering?
You have excellent comments from Mhons and bistolis.

So it looks like you traded what you ""HOPED"" would happen instead of trading what you SEE on your charts.

Take a couple of steps back and look at your Monthly, Weekly and Daily charts - they are "bullish" meaning buyers outnumber sellers.

Now, back to your H4 trade:

Your analysis was correct in that PRICE was at resistance BUT you tried to sell AHEAD of the Big Boys! You entered before there were signs of selling.

WAIT (PATIENCE) for the charts to tell you that the sellers outnumber the buyers.

Also, as Mhons pointed out it was a BOND Shooting Star and more like a doji on my chart. Have you checked your broker's data yet to make sure your candles CLOSE at 5pm New York time?

Don't worry, it's all part of the learning experience - we have all done it (and sometimes do it again!)

Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 68 KB
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,046
  • Nov 29, 2018 11:19am Nov 29, 2018 11:19am
Quoting strat
AUDUSD H4 {quote} You have excellent comments from Mhons and bistolis. So it looks like you traded what you ""HOPED"" would happen instead of trading what you SEE on your charts. Take a couple of steps back and look at your Monthly, Weekly and Daily charts - they are "bullish" meaning buyers outnumber sellers. Now, back to your H4 trade: Your analysis was correct in that PRICE was at resistance BUT you tried to sell AHEAD of the Big Boys! You entered before there were signs of selling. WAIT (PATIENCE) for the charts to tell you that the sellers...

So it looks like you traded what you ""HOPED"" would happen instead of trading what you SEE on your charts.

Yes Strat , looking back I think this is what happened. Especially after couple of winning trades I might have thought I could walk on water. But this time I wasn't much hurt with the Full bar loss.So its some development.

As Mhons pointed out it was a BOND Shooting Star and more like a doji on my chart.

Damn,Now this candle I used for my entry seams very ugly looking.I should apologies you for calling it Shooting Star.

Have you checked your broker's data yet to make sure your candles CLOSE at 5pm New York time?

Nop, Sorry I will do it first thing in the morning.


Thanks a lot Strat.

Have a good day ahead ...I am going to take a rest.


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #9,047
  • Edited 4:01pm Nov 29, 2018 11:51am | Edited 4:01pm
Quoting strat
USDJPY H4 {quote} Hope you took notice, Terry {image}
Yeah Strat, I did take notice. Good call on that one but I didn't trade it since I was not at home at my computer when the move down occurred. I had to go out just after that bullish bar was made which didn't provide me with a signal to get short at that time.

It seems now that we have hit the top of the WCC price has moved down slightly but still well lodged in the WCC. So not really much to trade on this pair until we see signs of the Big Boys making their move.


Regards
Terry
  • #9,048
  • Nov 29, 2018 3:04pm Nov 29, 2018 3:04pm
Quoting strat
GBPUSD M5 PASR Trend Trading {quote} Good, Markus, but I don't see any SR levels on your chart - are you trading blind?
Thanks a lot for your feedback, Strat. Appreciated.
On my chart are S/R levels. That was one of the reasons for me to take the GBP USD trade
(closing below S/R).
  • #9,049
  • Nov 29, 2018 4:10pm Nov 29, 2018 4:10pm
Quoting strat
AUDCAD {quote} AUDCAD As HappyTrend pointed out, its Add on HT didn't point it out - he didn't know what to do - I gave him a "nudge" on Add On. But, the main concern is ""This Shooting Star invalidated by this Bullish bar" written on the chart. You almost got it right. It is only ""invalidated"" when there is a CLOSE above the high of the Shooting Star. There was a CLOSE on my chart but not on yours. Everything else is good

Hello Strat... im taking all your post as a Martial Teacher hehehe... Pushing me Hard for do a better things...

In this Post, https://www.forexfactory.com/showthr...8#post11746778 i answer to huatzhi that in there is where i should add on..... I did it in my notes but not in my account because IM LEARNING HOW TO TRADE BOSS SWING TRADES IN MY LIVE ACCOUNT and already i have a trade open since October.

Its my first time in my entire life that im holding a trade!, this transition from Tick Charts where the Trades was only a few minutes or couple hours maximium... To hold for more of a Month is not easy for me... and im learning...


In This post, https://www.forexfactory.com/showthr...3#post11746043 i said "watching daily candles sometimes i was thinking to close the trade and waiting for re add" I was thinking in that when those candles of 19 - 22 november was forming... And i post that for tell you what i was thinking in that moment.

Then 23 and 27 of November i see that the buyers stop those sellers of 22 November... and 27 of November i take a note that i should entry in there.. but i didnt because i already told above...

Now if this friday, close above of the WCC... im going to put my stoploss bellow of 23 November at 0.9500 for protect my profits and wait for the next week... But that decision im going to do in Sunday.. after i see that Boss candle close.

*****

Sorry if im dissapointing you but is not my intention... believe me... im pushing myself hard to do the transition from Tick Charts to Boss Swing Trades...

Im in Swing Trades of AUDCAD, AUDJPY, AUDUSD, NZDJPY.... But im only talking about the AUDCAD because i was thinking we are in sync with the questions about AUDCAD since this post https://www.forexfactory.com/showthr...5#post11648805 and then ur answer https://www.forexfactory.com/showthr...6#post11648886 (Thank you for that answer.. that post push me to start managing completely swing trades...)

*****

And Again Thank you Strat for everything... im learning the Boss Swing Trades and i know im going to have mistakes and thank you for push me hard.
  • #9,050
  • Nov 29, 2018 10:37pm Nov 29, 2018 10:37pm
Quoting strat
NZDUSD {quote} Well done - can you do it again? ...........and again?..........and again? etc
I have to admit I am struggling to see trades like that on the daily charts. I'm having the most success on four hour. It's rather frustrating as NY close is conveniently 9AM for me.

Otherwise, have you heard from trogger? Been wondering how he's doing.
  • #9,051
  • Nov 30, 2018 1:15am Nov 30, 2018 1:15am
PASR in TRAINING

Quoting strat
NZDUSD {quote} Well done - can you do it again? ...........and again?..........and again? etc
BY YOUR GUIDANCE and PEOPLE HELPING EACH OTHER HERE.
Now matter how long or short the time it takes, how much or few pips I got.
I believe I can do it again over and over again.
May universe always be with you and people here.
My gratitude.
  • #9,052
  • Nov 30, 2018 6:10am Nov 30, 2018 6:10am
Thank you for sharing your wisdom Strat and all the other members!! I'm starting to study this method, just printed the whole core system from sratsforextrading!

I have a question: What tool do you use to analyse the charts? Metatrader? Tradingview? Etc.
  • #9,053
  • Nov 30, 2018 6:20am Nov 30, 2018 6:20am
Quoting hocius
Thank you for sharing your wisdom Strat and all the other members!! I'm starting to study this method, just printed the whole core system from sratsforextrading! I have a question: What tool do you use to analyse the charts? Metatrader? Tradingview? Etc.
Hi
you can use whatever you are comfortable with. preferably some platform that uses live market data and not demo. there discrepancies some times
  • #9,054
  • Nov 30, 2018 6:23am Nov 30, 2018 6:23am
Quoting bistolis
{quote} Hi you can use whatever you are comfortable with. preferably some platform that uses live market data and not demo. there discrepancies some times
Right now I'm using MT4 demo, what differences could be with the live version?
  • #9,055
  • Nov 30, 2018 6:57am Nov 30, 2018 6:57am
Quoting hocius
{quote} Right now I'm using MT4 demo, what differences could be with the live version?
Welcome.
As Strat often says, demo accounts are manipulated. So you better start paper trading (be honest to yourself, no self-cheating!) and when you think you are ready switch to live-account trading with the smallest lot size (micro lots). To feel your little demons.
But take your time and study the threads before. Market will still be there when (you think) you are ready!

Edit: maybe I got you wrong and you were asking for the trading plattform and not accounts. What I worte is for demo accounts. Maybe it helps although.
  • #9,056
  • Nov 30, 2018 6:59am Nov 30, 2018 6:59am
Quoting Malu
{quote} Welcome. As Strat often says, demo accounts are manipulated. So you better start paper trading (be honest to yourself, no self-cheating!) and when you think you are ready switch to live-account trading with the smallest lot size (micro lots). To feel your little demons. But take your time and study the threads before. Market will still be there when (you think) you are ready!
Thanks for the tips! Since I'll start trading with a small account, I think I could start with micro-lots.
  • #9,057
  • Nov 30, 2018 7:37am Nov 30, 2018 7:37am
Quoting hocius
{quote} Thanks for the tips! Since I'll start trading with a small account, I think I could start with micro-lots.
you have to start with micro lots or you are in for a nasty surprise, unless you had that experience already.
A good way to start, is by using your live account and just take notes of where you enter and where you want to close, and build some confidence.
and throw in some actual trades from time to time, to feel how it is like when there is money at stake even if its peanuts ( major loss using 1k is like 2euros when trading M5)
  • #9,058
  • Edited Dec 1, 2018 10:07am Nov 30, 2018 1:02pm | Edited Dec 1, 2018 10:07am
EURNZD M5 PASR Trend Trading

GBP pairs were sideways at 7am PST when I got to my charts but EUR pairs were tanking.

Decided to try a different Money Management trade strategy LIVE to see for myself which is best.

Attached Image (click to enlarge)
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This was my usual Money and Trade Management - 2 large positions.

Attached Image (click to enlarge)
Click to Enlarge Name: b.PNG Size: 47 KB


This was trading positions at 1/10 my usual position size.

As expected, my usual strategy produced 2.97 more $ than many smaller position sizes.

Next up is to try to trade the same number of positions with my usual position size BUT to do that I will need to triple my account size - something I'm not happy doing as I don't trust brokers.

EDIT: Windfall days like this are great and are the icing on the cake, but are pale in comparison to profits on LONG TERM, STRESS FREE trades on the Daily and Weekly time frames.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,059
  • Nov 30, 2018 3:42pm Nov 30, 2018 3:42pm
Quoting strat
EURNZD M5 PASR Trend Trading GBP pairs were sideways at 7am PST when I got to my charts but EUR pairs were tanking. Decided to try a different Money Management trade strategy LIVE to see for myself which is best. {image} This was my usual Money and Trade Management - 2 large positions. {image} This was trading positions at 1/10 my usual position size. As expected, my usual strategy produced 2.97 more $ than many smaller position sizes. Next up is to try to trade the same number of positions with my usual position size BUT to do that I will need...
Interesting. Thanks for sharing this with us.
So that I get it right. In the end (both strategies) where holding the same position size (sum of all trades lots), right?
Personally (I guess) I would prefer strategy 1, because you entered the market with a larger position pretty early of the trend. Also trade management seems to be a bit easier as you „just“ have to monitor/manage 2 trades.
If I may ask: how would you manage your SL for each trade in strategy 2?

nice weekend to all of you.

Greetings, Markus
  • #9,060
  • Nov 30, 2018 6:54pm Nov 30, 2018 6:54pm
AUDCAD

Now We can jump from Boss Swing to BigBoss Swing? :O

Boss Swing Up
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