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Strat's PASR Long Term, Stress Free Trading

  • #9,221
  • Edited 8:49am Dec 11, 2018 6:06am | Edited 8:49am
EUR CAD M5 Trend Trading

Today I will also post a losing trade. Entry was fine , I guess. But I was waiting until my SL got hit.
From my point of view there was a chance to exit the trade with a small profit (blue arrow). My lesson learned is, that I have to take profit or close the position when PASR "says" I have to exit. Although I know this, I don't act in that way. I guess there was still HOPE that price will move in my direction again.

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Greetings, Markus.
  • #9,222
  • Dec 11, 2018 8:23am Dec 11, 2018 8:23am
Quoting strat
..I could write pages on this but instead, YOU should ask yourself one simple question: Does it/will it help me pay my bills? ..
Thank you for posting this, Suranga,

Nop. Thank YOU for the help and guidance you giving here.it means a lot for some.


YOU should ask yourself one simple question: Does it/will it help me pay my bills?

again thanks for this few words Strat. Apparently I managed to ingrain it in to my subconscious now.


good day

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #9,223
  • Dec 11, 2018 9:52am Dec 11, 2018 9:52am
EURAUD

Quoting HappyTrend
EURAUD WORKER: {image} BOSS: {image}
What is your PLAN? What PASR strategy are you trading?

Your entry at (2) was good since PRICE had closed that gap.

Since your trade is counter trend, you should have taken profit at confluence of PASR, Strat Shadow and 50% fibonacci at the Worker Strat Shadow and then WAIT to see if PRICE is going to re-test it for another move up or re-test the Daily low again.

You are watching PASR appear before you but not taking any action. You can't trade Swings until there are Swings to trade. You can't trade trends until there is a trend to trade. Until then, it is Basic PASR which was staring you in your face.

Remember, Take Profits at REVERSE PASR. You can always re-enter

Good to see you posting your trades, HT
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,224
  • Dec 11, 2018 10:00am Dec 11, 2018 10:00am
EUR USD M5 & GBP AUD M5 Trend Trading

Two other trades today.
I hope you don't think that I want to flood the thread with my M5-trades.
I know that this is a stress free trading thread and the focus is basically on higher timeframes (daily/ weekly / monthly).So, it is still my goal to get to this stage and trade higher timeframes, but for the moment (I guess) I found the timeframe (M5) that suits to my trading style. The reason why I focus on M5 at the moment is, that I hope to accelerate my learning progress. As for now, it seems to work.

EUR USD M5:
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GBP AUD M5:
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Greetings, Markus
  • #9,225
  • Dec 11, 2018 10:11am Dec 11, 2018 10:11am
PASR THE PATH

Quoting Rufus
Path Progress Report. I have been thinking about this post for a few days. Where to begin? As can be seen by "Rufus" above, joined Forex Factory Feb 2009. At times it is easy to become disappointed or discouraged that I am not trading full time by now, but a lot of things needed to change in my life to get where I am. So it has been a long path of self discovery and cleaning house. There is a journal on FF that documents the various things I tried over the years from indicators to naked charts. Last number of years being price action trading. Early...
Thank you for posting this, John.

I think lately the biggest things that has helped me out the most since progressing on the PATH.

#1 , not putting myself under pressure to perform. Trading daily charts has helped me a lot with this.

As I posted earlier, trading in a calm and relaxed state of mind is key to becoming a consistently profitable trader. This is where goal setting can create unnecessary pressures which more often than not, lead to mistakes and losses. Goal setting works for those that are not disciplined. Goal setting never worked for me and did the opposite.

#2, not thinking so much about a trade. Thinking gets me in trouble when it comes to trading. Lately have become very comfortable with seeing PASR and taking the position.

Since PASR is discretionary and subjective, it is normal to ""think"" the more I analyse, the more profitable I will be. Unfortunately, it does not work like that and, in fact, works against you. After getting experience with PASR by whatever means, all it takes is a Mark I eyeball on each time frame to ""SEE"" PASR and then know what to do on your chosen time frame.

There is a quirk about the way my brain works, if I feel that someone copies my position it adds pressure to perform correctly.

We are not, and never will be, a signal service, John. Those that copy any trade on here without understanding PASR and ""Trading what they SEE on their charts" deserve whatever the result is.

The one thing missing on this is what you need to focus on next and what you need help with.

This "Progress Report" should be done by all PASR students as an "End of Year" report.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,226
  • Dec 11, 2018 10:14am Dec 11, 2018 10:14am
GBPNZD M5 PASR Trend Trading

Quoting Malu
GBP NZD M5 Trend Trading Took the trade directly when London session opnened. TP for me was when price closed above my SR-line. {image} Greetings, Markus
Nicely done, Markus. You should see the mess PRICE left us in PST!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,227
  • Dec 11, 2018 10:47am Dec 11, 2018 10:47am
PASR THE PATH

Quoting huatzhi
Path Progress Report I started learning PA since last year mid by taking an online membership. That didn't go well as all the webinar happen on midnight, which is not good for my health. Also, the first system I trade is base on ema, which cost me 15% of my account before I start thinking may be that's not the way. (Glad that at least I learnt the importance of trade management since first guru I met). I stopped it a couple month later, looked for PA related courses around udemy. Most of them kind of work and kind of don't. I did not really fond...
Thank you for doing this, huatzhi.

Lurked for quite awhile, decide to participate instead. Dictionary and Google translate doesn't help enough on actually understand everything from the old thread. Participate does better.

Lurker PASR students take note

So far base on my observation, I believe one does not need to understand every single thing in PASR to be profitable.

Correct. Just choose one strategy that you feel comfortable with and specialise in it. It is much better to be an "expert" in one thing than a "jack of all trades". The same goes for currency pairs.

So I dropped some sections like Eliott waves

Good! PASR students should NOT waste time on Elliott Wave theory. Again, it is ONLY theory. PRICE does not follow Elliott Wave theory or any other theory.

The aim is to be able to trade basic PASR setup up to down, left to right, as simple as possible, before thinking about moving into other section.

Very good.

It is not easy to determine a "good enough trade" for me yet.

Start with R:R greater than 1:1 as your first ""filter"". Keep on reviewing PASR on thousands of charts and you will get there.

I am still fail to keep my own trading journal.

This is SO IMPORTANT, huatzhi! Make doing this your top priority. You will be amazed how valuable this is when you review it (at any time).

use my main career require OT as excuses.

Make sure you are a ""make it happen"" guy and not a dummy "watching it happen".

I kind of actively avoid M5/M15 discussion over here as I think it will confuse me as strategy is mainly different.

Good - focus on YOUR specialisation - Basic PASR

However, I haven't consider practicing basic PASR on M1/M5 yet. I will try it within next few days.

This is so valuable in building experience at a faster pace and will sharpen your PASR skills for any time frame.

You once posted that rather than comment on others' trades, you would just post what you would have done. This is missing out on so much understanding and learning which will accelerate your PASR progress from others that you should go back to making comments. Your comments were always valuable and appreciated.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,228
  • Dec 11, 2018 11:17am Dec 11, 2018 11:17am
EURCAD M5 PASR Trend Trading

Quoting Malu
EUR CAD M5 Trend Trading Today I will also post a losing trade. Entry was fine , I guess. But I was waiting until my SL got hit. From my point of view there was a chance to exit the trade with a small profit (blue arrow). My lesson learned is, that I have to take profit or close the position when PASR "says" I have to exit. Although I know this, I don't act in that way. I guess there was still HOPE that price will move in my direction again. {image} Greetings, Markus.
Today I will also post a losing trade.

Very good, Markus. You will LEARN more from this than any winning trade.

Entry was fine

But only for Basic PASR - 10 pip stop for 10 pip profit. NOT trend trading!

My lesson learned is, that I have to take profit or close the position when PASR "says" I have to exit. Although I know this, I don't act in that way.

We all go through this so don't feel bad. You had your ""PASR Trend trading"" hat on (mentality) and REFUSED to SEE anything else. You FROZE watching PRICE do the opposite of what you "HOPE, WISHED, and PRAYED" for instead of REACTING to what PRICE was telling you.

If you don't understand this chart, let me know.

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Read Step 4 on Post 1
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,229
  • Dec 11, 2018 11:25am Dec 11, 2018 11:25am
EURUSD & GBPAUD M5 PASR Trend Trading

Quoting Malu
EUR USD M5 & GBP AUD M5 Trend Trading Two other trades today. I hope you don't think that I want to flood the thread with my M5-trades. I know that this is a stress free trading thread and the focus is basically on higher timeframes (daily/ weekly / monthly).So, it is still my goal to get to this stage and trade higher timeframes, but for the moment (I guess) I found the timeframe (M5) that suits to my trading style. The reason why I focus on M5 at the moment is, that I hope to accelerate my learning progress. As for now, it seems to work. EUR USD...
Really good trading, Markus.

I hope you don't think that I want to flood the thread with my M5-trades.

No problem, Markus, keep posting (and your losing trades too)

I found the time frame (M5) that suits to my trading style.

Well then, specialise on it but don't forget that End of Day, long term, stress free trading only takes a couple of minutes each day.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,230
  • Dec 11, 2018 12:36pm Dec 11, 2018 12:36pm
Quoting strat
EURAUD {quote} What is your PLAN? What PASR strategy are you trading? Your entry at (2) was good since PRICE had closed that gap. Since your trade is counter trend, you should have taken profit at confluence of PASR, Strat Shadow and 50% fibonacci at the Worker Strat Shadow and then WAIT to see if PRICE is going to re-test it for another move up or re-test the Daily low again. You are watching PASR appear before you but not taking any action. You can't trade Swings until there are Swings to trade. You can't trade trends until there is a trend to...

Hello Strat.

"What PASR strategy are you trading?" -> Well, im trying to do Swing Boss Trades and how i participate to the market?

I remember your AUDCAD Answer
https://www.forexfactory.com/showthr...9#post11649489

And studyng and tryng to understand... the way that i understood is when the price arrive to a SUPPORT/RESISTANCE ZONE when WORKER CANDLE close, i check how it close.. If i see buyers in a S&R Zone but Worker Candle doesnt have more information.. I start going lower 240m and 60m.. If in there i see (for example in a buy position) if i see a BUOB or BUEB in a Support Zone i entry with a small StopLoss and leave it until next worker candle. If in that day Worker Candle shows buyers.. im already in a position and then leave it for see how Boss Close or if i see Worker Candle stuck before Boss Close.. i move my BE +1 if already my position is minium 1:1 from my risk.

In few words im trying to entry with a Worker Candle Close Time and checking if i can hold it for a Boss Swing Trade.

****

"Good to see you posting your trades"

Thanks to you!
  • #9,231
  • Dec 11, 2018 12:38pm Dec 11, 2018 12:38pm
Quoting strat
Again, it is ONLY theory. PRICE does not follow Elliott Wave theory or any other theory.
Well i have too many Theories that already know that is just a "Myth" but the Theory about the GAPS that always confuse me hehe... The Theory is the Market always must fill those Gaps. But of course is a Theory...
  • #9,232
  • Dec 11, 2018 12:55pm Dec 11, 2018 12:55pm
Quoting strat
EURCAD M5 PASR Trend Trading {quote} Today I will also post a losing trade. Very good, Markus. You will LEARN more from this than any winning trade. Entry was fine But only for Basic PASR - 10 pip stop for 10 pip profit. NOT trend trading! My lesson learned is, that I have to take profit or close the position when PASR "says" I have to exit. Although I know this, I don't act in that way. We all go through this so don't feel bad. You had your ""PASR Trend trading"" hat on (mentality) and REFUSED to SEE anything else. You FROZE watching PRICE do the...
Thanks Strat. Yes I understand what you mean. And you are completely right with your interpretation of my behaviour. I guess that is a process I have to go through.
  • #9,233
  • Dec 11, 2018 1:01pm Dec 11, 2018 1:01pm
Quoting strat
EURUSD & GBPAUD M5 PASR Trend Trading {quote} Really good trading, Markus. I hope you don't think that I want to flood the thread with my M5-trades. No problem, Markus, keep posting (and your losing trades too) I found the time frame (M5) that suits to my trading style. Well then, specialise on it but don't forget that End of Day, long term, stress free trading only takes a couple of minutes each day.
Thanks for encouraging me. I was asking just to be sure. But your answer was the one I was expecting.
As mentioned above I will also move on to the higher timeframes. But at the moment I am really fine. I now have the trust in PASR and also myself. I couldn’t believe when you mentioned that a trade has to „feel“ right, but that is exactly what happens to me at the moment.
Thanks again for this great thread and your will to help other traders.
  • #9,234
  • Dec 11, 2018 3:53pm Dec 11, 2018 3:53pm
[quote=strat;11780169]PASR THE PATH {quote} Thank you for updating us on your progress. Last week I reread the Core system again and it helps cause I found some things which in previous reading missed..... This is why everyone has to keep reading THE PATH over and over. One read is not .....

Thanks Strat for comments, it really helps me improving.

"still have a lot of problems drawing SR lines

Then post your charts with SR levels so that we can help you - there is no other way to learn."

So I post here GBPUSD chart where I drawn SR lines, first I drawn on Monthly and than fine tuned on Weekly, appreciated any comments. (because of better visibility I screeenshooted only part of chart - history)

Attached Image (click to enlarge)
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Regards

Igor
  • #9,235
  • Dec 11, 2018 4:25pm Dec 11, 2018 4:25pm
Quoting Francl
Quoting strat
still have a lot of problems drawing SR lines Then post your charts with SR levels so that we can help you - there is no other way to learn." So I post here GBPUSD chart where I drawn SR lines, first
...
Dear Francl ...
I got some issues last week ,that stole my time .
Let me use your post to get back on The Path.
I use the basic definition of these levels:The levels that changed the direction in the past
Quote
SUPPORT:
Support is, simply put, a price at which point traders expect to see buying. Support can be a level that we have seen previous buying activity at...
#1479
and This is enough for me FOR now ..
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Regards
There is Light at the End of the Tunnel.
  • #9,236
  • Dec 11, 2018 4:40pm Dec 11, 2018 4:40pm
USDCAD

You need balls of steel, rock solid nerves and a never ending tolerance for draw down to trade messy PRICE ACTION like this. That is exactly why we have other pairs to trade.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,237
  • Dec 11, 2018 4:44pm Dec 11, 2018 4:44pm
Quoting samsonwebdes
When I've had time in the last month I've been attempting to study Elliot Wave theory in an effort to help me get into fewer trades with a higher probability. My idea is to have extra confluence and narrow down my focus by having an idea when price may turn as well as where it's likely to go. Strat will probably tell me I'm overcomplicating the simplicity of PASR but there was a major change last month in the UK with margin regulations which has led me to concentrate more and take less trades. This margin ruling has meant I could get into less trades...
When I've had time in the last month I've been attempting to study Elliot Wave theory in an effort to help me get into fewer trades with a higher probability.

How is this going, Lee?
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,238
  • Dec 11, 2018 4:47pm Dec 11, 2018 4:47pm
PASR THE PATH

Quoting Francl
Quoting strat
PASR THE PATH {quote} Thank you for updating us on your progress. Last week I reread the Core system again and it helps cause I found some things which in previous reading missed..... This is why everyone has to keep reading THE PATH over and over. One read is not ..... Thanks Strat for comments, it really helps me improving. "still have a lot of problems drawing SR lines Then post your charts with SR levels so that we can help you - there is no other way to learn." So I post here GBPUSD chart where I drawn SR lines, first
...
Igor, post individual charts - Month, Weekly and Daily with SR not a combined one. If you don't get it right on the Monthly, nothing after that will be right.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,239
  • Dec 11, 2018 4:59pm Dec 11, 2018 4:59pm
PASR THE PATH

Quoting Malu
{quote} Thanks for encouraging me. I was asking just to be sure. But your answer was the one I was expecting. As mentioned above I will also move on to the higher timeframes. But at the moment I am really fine. I now have the trust in PASR and also myself. I couldn’t believe when you mentioned that a trade has to „feel“ right, but that is exactly what happens to me at the moment. Thanks again for this great thread and your will to help other traders.
I now have the trust in PASR and also myself

Finally! Why did it take so long?

I couldn’t believe when you mentioned that a trade has to "feel“ right, but that is exactly what happens to me at the moment.

Shame on you for not believing! This is progress on THE PATH. Let's see you repeat this on other time frames just to check you have the right ""feel"".
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,240
  • Dec 11, 2018 5:03pm Dec 11, 2018 5:03pm
EURJPY

Equilibrium and Mean Reversal

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15 YEARS OF PASR ON FOREX FACTORY!
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