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Strat's PASR Long Term, Stress Free Trading

  • #9,281
  • Dec 13, 2018 11:12am Dec 13, 2018 11:12am
AUDCAD Weekly Control Candle

Quoting HappyTrend
{quote} {image}
Correct
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,282
  • Dec 13, 2018 11:25am Dec 13, 2018 11:25am
I dont know why... but sometimes i lost focus and i dont know what to do...

In the past days... i start focusing in H4 Charts.. and not in Worker, Boss and BigBoss.... When in the PAST WEEKS i only watch H4 Charts when the Worker Candle Close (Only for see more information behind of a Worker Candle)....

My Mind trick me and thinks that Trading H4 can be a "Anticipate" Worker Setup Trade with a Small StopLoss... When the Fact is a REAL WORKER CANDLE CLOSE with a H4 StopLoss (Above/Bellow of a Swing).

In the Past do you feel that Strat? If yes, how you deal with that? Sometimes im thinking to create a kind of a "LOCK PROGRAM" with Timer.. That i cant open the charts until a New Worker Candle hahaha.

I have time for watch in the Day the H4 Charts without a problem (8am 12pm 4pm 8pm 12am) and inside of me tells me "You have enough time, trade it"

And Then... When im lost in that "Mind Trick" my body, my emotions always want to watch every H4 Candles (even in midnight) and lost total focus at Worker... Well is a real Crazyness how my mind can trick me and lost focus. Im thinking to create a custom background in my windows and in a paper write and put in to my monitor.. remind me:

"ONLY WATCH CHARTS WHEN YOU HAVE A NEW WORKER CANDLE... YOU KNOW IT THAT IS BETTER FOR YOU..."

And other side of me again.. is telling me... "Trade H4, you have time, do it"...

Or maybe Just let open WORKER BOSS and BIGBOSS charts... and only in a new worker candle open a new chart with H4 Charts haha..

(Sorry if all the things i write is confused... is just words that comes from my mind and heart)
  • #9,283
  • Edited 1:38pm Dec 13, 2018 12:08pm | Edited 1:38pm
Quoting huatzhi
{quote} {image} PS if the price keep going down, we can always get in later with another PASR, or if they does not exist, there are other pairs around as well.
Dear huatzhi ....
Thank you for your comments.
*Yes the Bond SS. was not valid PASR to trade , but when the BEEB (I was WRONG by calling it BEOB .But according to what I have learned so far, I find no difference in dealing with these two patterns ,Both are reference to the control of the bears. And valid PASR setups ""Please Correct me"") .
When the price reaches this level the first time, it gave a weak signal on the entry of bears ,Because as you kindly said,They could not push hard enough to close the price below it,But when it arrived again, it gave a more powerful and confident signal,Which indicates that there are other people who want to bet on a price drop at this level.
I have not given importance to Strat Shadow at this , Because I do not feel it makes sense at that time!.(I do not know how to express it) But simply , it was a counter trend trade.
*I agree with you , But the Spread was (2-3 pips) And I'd like to gave it a space and chance to breathe .(i ll change my account type to get low spread with commissions)
please let me ask you : Now I can not differentiate between Take Profits and Trend Changing . So dose i have to close my position on every singe to retrace ?

Thank you deeply
Regards

Quoting Suran
{quote} Could you let us know your answers to below questions 1. what strategy you trading in M5. Basic PASR, M5 trend trading? 2. which session you trading. Asian,London or New york? 3. why you trading M5 ? is this live ? see my comments on your chart, we normally do not use Fibb's to make trading decisions.only to see extra confluence. Next.. Fibbs in M5 ?..I wouldn't do that.. {image}
My friend Suran ....
Thank you to keep your promise by helping me ,despite the amount of hurdles I have caused you.I really appreciate that.

 

  1. I am trying to practicing on Basic PASR on shorten TF.
  2. The last half of US session , Because of my limited time available for trading.
  3. I want to practicing on Outside & Engulfing Bars . NO, its a Demo (Sorry Strat )Because I do not know yet ALL the basics of PASR.

(Fibb.) Thank you for reminding me of this , I did it specifically. I used it as an EXTRA tool for confluence .The main reason for my entry was the BEEB @ Resistance level and the high RR .

Quote
Fibbs in M5 ?..I wouldn't do that..

Frankly I do not know anything about this , Not yet . ""Dose i have to stop using it any more ? or using it for different purposes ??

Thank you deeply
Regards
There is Light at the End of the Tunnel.
  • #9,284
  • Dec 13, 2018 1:14pm Dec 13, 2018 1:14pm
Quoting HappyTrend
I dont know why... but sometimes i lost focus and i dont know what to do... In the past days... i start focusing in H4 Charts.. and not in Worker, Boss and BigBoss.... When in the PAST WEEKS i only watch H4 Charts when the Worker Candle Close (Only for see more information behind of a Worker Candle).... My Mind trick me and thinks that Trading H4 can be a "Anticipate" Worker Setup Trade with a Small StopLoss... When the Fact is a REAL WORKER CANDLE CLOSE with a H4 StopLoss (Above/Bellow of a Swing). In the Past do you feel that Strat? If yes, how...
Congratulations. I think you've just encountered YOUR little people. The only thing that worked for me was time and getting sick of losing. Apart from that, wanting to watch every candle close is something you have to be aware of and take the conscious decision to not trade, then keep doing that.
  • #9,285
  • Dec 13, 2018 2:35pm Dec 13, 2018 2:35pm
Quoting Rub
{quote} Congratulations. I think you've just encountered YOUR little people. The only thing that worked for me was time and getting sick of losing. Apart from that, wanting to watch every candle close is something you have to be aware of and take the conscious decision to not trade, then keep doing that.
"The only thing that worked for me was time and getting sick of losing"

Well im not that of "sick of losing", in fact my trading has been improve... But im question is about more of "Healthly".. i mean.. Im tired that my mind wake me up every 4hours... I dont put alarms i dont put anything... Is just my mind and my body that is waking me up...

And if i dont control that.. i start focusing in H4 Charts... When the Deal is on WORKER!... And then i got confuse..

And i think the "TIME" only works if you are doing the correct things... if "TIME" by alone works.. Why exist people that have more of 10 years in forex factory jumping threads.. that is a crazy thing... I cant imagine trading for 10 years and still losing.. omg...


"wanting to watch every candle close"

This is not a problem watching Daily Candles.... is the reason that in there is the DEAL!


Thank you Rub for ur asnwer! And Yes... looking to hit hard those little people.
  • #9,286
  • Dec 13, 2018 4:30pm Dec 13, 2018 4:30pm
PASR THE PATH

Quoting HappyTrend
I dont know why... but sometimes i lost focus and i dont know what to do... In the past days... i start focusing in H4 Charts.. and not in Worker, Boss and BigBoss.... When in the PAST WEEKS i only watch H4 Charts when the Worker Candle Close (Only for see more information behind of a Worker Candle).... My Mind trick me and thinks that Trading H4 can be a "Anticipate" Worker Setup Trade with a Small StopLoss... When the Fact is a REAL WORKER CANDLE CLOSE with a H4 StopLoss (Above/Bellow of a Swing). In the Past do you feel that Strat? If yes, how...
Wow, you ARE a mess! I knew you were screwed up but not as bad as this. You are like a little kid for the first time in a candy store.

On Post9213, I wrote to Scrumy:

FIRST you need to CONTROL your greed and fear emotions.
Next, you need to CONTROL your greed and fear emotions.

You have the worst case of FEAR and GREED I have seen in a long time.

You have NO FOCUS, NO PATIENCE and NO DISCIPLINE.

I have time for watch in the Day the H4 Charts without a problem (8am 12pm 4pm 8pm 12am) and inside of me tells me "You have enough time, trade it"

Then YOU ARE LIVING TO TRADE!

LIVING TO TRADE!

PASR traders trade to LIVE! PASR traders are FREE from their charts and computer and have a LIFE outside of trading - do you?

Why are your Little People telling you - "You have enough time, trade it"?

And other side of me again.. is telling me... "Trade H4, you have time, do it"...

WHY?

Sometimes im thinking to create a kind of a "LOCK PROGRAM" with Timer.. That i cant open the charts until a New Worker Candle

Im thinking to create a custom background in my windows and in a paper write and put in to my monitor.. remind me:
"ONLY WATCH CHARTS WHEN YOU HAVE A NEW WORKER CANDLE... YOU KNOW IT THAT IS BETTER FOR YOU..."

You can write as many programs as you want, you can create as many custom backgrounds as you want, you can post as many notes on your monitor, you can write on your forehead BUT:

You are just putting a band aid over the problem or pasting wallpaper over the cracks!

None of this will work UNTIL you get to the ROOT CAUSE of your problem. Once you have identified and ACCEPTED it is a problem, then and only THEN, can you work on it. What is your ROOT CAUSE of your problem?

So, why do you want to be trading all the time?

hahaha hehe etc., etc.

Why do you always write these in your posts? Are you really older than 5?

I can teach trading until the cows come home but neither I, nor anyone else, can teach you Trading Psychology and how to CONTROL your GREED and FEAR emotions. This is something ONLY YOU CAN DO and WANT TO DO. Without this CONTROL you are DOOMED as a trader.

FIRST you need to CONTROL your greed and fear emotions.
Next, you need to CONTROL your greed and fear emotions.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,287
  • Dec 13, 2018 5:50pm Dec 13, 2018 5:50pm
Quoting Ali.J
{quote} Dear huatzhi .... Thank you for your comments. *Yes the Bond SS. was not valid PASR to trade , but when the BEEB (I was WRONG by calling it BEOB .But according to what I have learned so far, I find no difference in dealing with these two patterns ,Both are reference to the control of the bears. And valid PASR setups ""Please Correct me"") . When the price reaches this level the first time, it gave a weak signal on the entry of bears ,Because as you kindly said,They could not push hard enough to close the price below it,But when it arrived...
I find no difference in dealing with these two patterns ,Both are reference to the control of the bears. And valid PASR setups

Yes. Though not every BEOB/BEEB are valid depend on the way it appear (especially when the 2nd candle of the pattern is also doji-ish), but that is not relevant here.

Now I can not differentiate between Take Profits and Trend Changing . So dose i have to close my position on every singe to retrace ?

Yes, pretty much for basic PASR (for me, it is anything after my ATR, for you may be vary). We can always enter later when there is next PA showing us price potentially fall again. It is another story for M5 Trend PASR though.
  • #9,288
  • Dec 13, 2018 6:47pm Dec 13, 2018 6:47pm
Quoting strat
PASR THE PATH {quote} Wow, you ARE a mess! I knew you were screwed up but not as bad as this. You are like a little kid for the first time in a candy store. On Post9213, I wrote to Scrumy: FIRST you need to CONTROL your greed and fear emotions. Next, you need to CONTROL your greed and fear emotions. You have the worst case of FEAR and GREED I have seen in a long time. You have NO FOCUS, NO PATIENCE and NO DISCIPLINE. I have time for watch in the Day the H4 Charts without a problem (8am 12pm 4pm 8pm 12am) and inside of me tells me "You have enough...

Well for some reason i was in doubt in post my last post... I write it as a just a person.. as a "friend".. expressing something that was happening me since last week (i think for the past 5 trading days...).. before of that that didnt happen..

And i just want to share it.. like express something to a friend... thats all.

and the "hahaha" and the "programs for lock.." etc.. etc.. is just a jokes for have fun doing this... but i got it.. no more that kind of post and only talk about trading...

And yes.. only was a few days until now that im under control again... was just a comment.

Anyway, thank you for remind me that is some kind of stupidness share personal things on internet.

Im going to continue posting only charts. Thank you.
  • #9,289
  • Dec 13, 2018 6:57pm Dec 13, 2018 6:57pm
NZDCAD

This pair is going on radar for me lately (eventually most NZD pairs, but this one especially).

BB
Attached Image (click to enlarge)
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After the L-LH-LL, it is now coming close to potential supply trend line and get rejected.

B
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Last week was a shooting star and this week is probably another 'shooting star'-ish candle that reject the SR. (and fib)

W
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Waiting for a better PA setup to short this.



Already closed my long trade that I posted awhile ago.
  • #9,290
  • Dec 13, 2018 7:13pm Dec 13, 2018 7:13pm
Quoting Ali.J
{quote} ....


I am trying to practicing on Basic PASR on shorten TF.

Trying to trade shorter time frames (live) might be very hard unless you are experienced.But as Strat advices it's good practice to quicken your PASR journey. Didn't you check if you could trade M5 trend trading in your session? checks Strat's strategy of trading London trend continuing in New York. it may be easy to grasp.


I want to practicing on Outside & Engulfing Bars .

Why NO Shooting stars and Hammers? They very good when they appears at the correct places.

(Fibb.) Thank you for reminding me of this , I did it specifically. I used it as an EXTRA tool for confluence. Frankly I do not know anything about this , Not yet . ""Dose i have to stop using it any more ? or using it for different purposes ??

After getting used to PASR and Strat shadow I do not see much use for Fibs. I am not saying they are useless. Best thing is to see what PRICE doing in relation to S/R zones. That's PASR know?.

May be you could set up Strat Shaodw in your charts.And see how PRICE behave with Strat Shadow. See post no. 4828 and 4829
Also check Strat's M1 boot camp (search the previous thread) after you learn the basic stuff. it seams good for practice. I am yet to try it anyway.



Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #9,291
  • Dec 13, 2018 8:40pm Dec 13, 2018 8:40pm
Quoting HappyTrend
{quote} Well for some reason i was in doubt in post my last post... I write it as a just a person.. as a "friend".. expressing something that was happening me since last week (i think for the past 5 trading days...).. before of that that didnt happen.. And i just want to share it.. like express something to a friend... thats all. and the "hahaha" and the "programs for lock.." etc.. etc.. is just a jokes for have fun doing this... but i got it.. no more that kind of post and only talk about trading... And yes.. only was a few days until now that...
the "hahaha" and the "programs for lock.." etc.. etc.. is just a jokes for have fun doing this... but i got it.. no more that kind of post and only talk about trading... And yes.. only was a few days until now that im under control again.

I am not convinced. It will take more than a few words to convince me.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,292
  • Dec 13, 2018 9:00pm Dec 13, 2018 9:00pm
Quoting strat
AUDCAD Boss Swing {quote} What's with the new colour scheme John? Big Boss is in a 5 year RANGE so Basic PASR or Swing PASR is the order of the Month {image} Boss- The big red candle last week caught my eye. I don't see a "big red candle" on your chart Was at resistance and close to 61.8 fib. If I drew the fib lines from another point 78.6. Yes, you can draw fibonacci from everywhere and anywhere and most on this, and other public trading Forums do, BUT, if you understand Market Structure and Market PRICE Action, you will know that, for it to be...

Thank you Strat and Huatzhi

What's with the new colour scheme John?
Just wanted to completely change the look of things to jog my mind a bit.

This brings me to Strat's other post.

Quoting strat
PASR THE PATH {quote} The one thing missing on this is what you need to focus on next and what you need help with.
I had been giving this some thought these past few days. The number one thing I need to do personally is keep carving time out of my day to spend with the charts.

As for help from you Strat and the rest of our community here at the University. Two things.

#1 Quickly identify "Sore Thumb" trades and immediately place positions.
#2 Understand the Price Action quicker when the trend is coming to an end or when a position is not going as planed, then close them.

As additional things occur to me you all will be the first to know.

Thanks again

John
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #9,293
  • Dec 13, 2018 9:34pm Dec 13, 2018 9:34pm
NZDUSD

Boss Swing

Another position for your perusal

Attached Image (click to enlarge)
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Then peaking inside the Boss candle on the Worker showed me a shooting star at resistance.

Attached Image (click to enlarge)
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First target area will be the bottom of the Weekly Control Candle if it shows PASR to exit. Otherwise will keep the bugger running.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #9,294
  • Dec 13, 2018 9:50pm Dec 13, 2018 9:50pm
EURUSD 5m

This morning

With my post earlier about "Sore Thumb" trades. I guess this was not very sore.

Managed to take 25 pips out of it. Looks like that was about all EURUSD was going to give in the US session.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 83 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #9,295
  • Dec 13, 2018 10:34pm Dec 13, 2018 10:34pm
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...
Hi Strat
This comment from you caught my eye and I'm wondering what specifically you may be referring to
"something I'm not happy doing as I don't trust brokers. "
Apart from the generality of the car dealer syndrome with brokers. What factors concern you?
  • #9,296
  • Dec 14, 2018 12:11am Dec 14, 2018 12:11am
Quoting strat
{quote} the "hahaha" and the "programs for lock.." etc.. etc.. is just a jokes for have fun doing this... but i got it.. no more that kind of post and only talk about trading... And yes.. only was a few days until now that im under control again. I am not convinced. It will take more than a few words to convince me.
With all Respect Strat... Im not here to convince anyone... because is the truth... In this "Trading World" Exist Real Traders and People who only lie in forums for feed their own EGO.. And believe me.. Im here to learn and Trade Profitable....

"It will take more than a few words to convince me."

Well in the future... im working hard for be in your level of be Profitable at Long Term without Stress...

Going back to TRADING ONLY.

This is one of my trades...

NZDCAD

BOSS

Attached Image (click to enlarge)
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WORKER

Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD WORKER.png Size: 65 KB


H4

Attached Image (click to enlarge)
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Im Trading Live... Studyng everyday... Sometimes when i have insomia i start reading and studyng charts... I know i have too much to learn but please... dont think that im just those of "fake traders" who are in Forums for feed their ego, pride and all those crap things...

In the Charts i put show the trade line... (in my other charts i hide it..)

Anyway Thank you for your time and i hope you can continue helping me.
  • #9,297
  • Dec 14, 2018 3:07am Dec 14, 2018 3:07am
Quoting HappyTrend
{quote} With all Respect Strat... Im not here to convince anyone... because is the truth... In this "Trading World" Exist Real Traders and People who only lie in forums for feed their own EGO.. And believe me.. Im here to learn and Trade Profitable.... "It will take more than a few words to convince me." Well in the future... im working hard for be in your level of be Profitable at Long Term without Stress... Going back to TRADING ONLY. This is one of my trades... NZDCAD BOSS {image} WORKER {image} H4 {image} Im Trading Live... Studyng everyday......
I took this exact trade. First trade Ive taken for about two weeks, because it stood out like a sore thumb, two positions hit TP and managing the third. I run the serious risk of actually developing into a profitable trader...
  • #9,298
  • Edited 8:26am Dec 14, 2018 7:10am | Edited 8:26am
My way on the Path

So, as we have the end of the year, it is time to look back and write down my journey on the path.
Looking back I was always interested in the topic "trading" and also traded in the past - but not with consistant success. So I stop trading about 10 years ago, also because of a change in my life: I moved to another city, so away from my hometown, started a new job and found the love of my life, who I married in the end. So trading was not a focus in my life.
But 15 months ago my interest got caught again, when I was listening to the Podcast "Chat with Traders" (maybe you know it). One tader also mentioned the forum Forex Factory, that I did not know before.
So I started here to look around and in the beginning I was pretty impressed, becasue of all these profitable traders (or who pretend to be successful traders). After opening a broker account I was starting with a "demo".
In the meantime I discovered Strat's thread (the old one) and started to read it. After 3 month reading I decided to come out and post in the thread. I must admit that I did not unterstand everything in the old thread, but somehow I got caught and thought "this whole thinks makes totally sense to me". So I started my journey or my marathon (thats how compare it) on the path.
I was impressed by the clean PA-charts and I also have to admit that indicator-land caught me in the past.
In the last year I also made many mistakes, like: not triggering the SL, add to a losing position (in the hope to win back the loss), holding a position to long etc.
Today I know it (hopefully) better and I guess it is a kind of good delvelopment.
Posting in the thread helped me also to accelerate my learning Progress and so far I would say I learned the following things knowing I still have to improve/work on it in the future:

  1. Order of higher-time frames
  2. Drawing/Using SR-lines (to find the footsteps of the big boys)
  3. Power of the STRAT-shadow
  4. Importance of the CLOSE of a price
  5. WCC
  6. Confirmated swings
  7. PA candles ("seeing the trades")
  8. "Looking beyond the candle"

At the moment I try to focus on M5 in the hope to accelerate my learning progress.
But the most important fact to be here is the great support of STRAT. So thanks again! I appreciate your way of teaching (no spoon feeding!). Also a big thank you for keeping this thread "clean", so that all the willing students can particicpate in a proper way. That brings me to the next point: I am also impressed by the TRADER HELPING TRADERS mentality. Everyone is willing the helps the others. Thanks to all of you! So I will also try to help when I can!

Another very important point on my way on the path: I met my LITTLE PEOPLE!
In my opinion and STRAT also says that very often, is trading 90% psychology. So we have to deal with all the gremlins and demons. When we can do this, we will be succesful.

Finally I will say that in my opinion I really made a few steps in the right direction. I'm not consistantly profitabel yet, but I know I am on the right way. There are no shortcuts.
So trust in PASR and your own ability !

Greetings and you have a nice weekend.
Markus

PS: sorry for the long text and potential orthografic mistakes.

  • #9,299
  • Dec 14, 2018 9:08am Dec 14, 2018 9:08am
EURUSD M5

Quoting Rufus
EURUSD 5m This morning With my post earlier about "Sore Thumb" trades. I guess this was not very sore. Managed to take 25 pips out of it. Looks like that was about all EURUSD was going to give in the US session. {image}
My EURUSD M5 looks nothing like yours, John. What's going on?

Attached Image (click to enlarge)
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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,300
  • Dec 14, 2018 9:20am Dec 14, 2018 9:20am
PASR THE PATH

Quoting Rufus
{quote} Thank you Strat and Huatzhi What's with the new colour scheme John? Just wanted to completely change the look of things to jog my mind a bit. This brings me to Strat's other post. {quote} I had been giving this some thought these past few days. The number one thing I need to do personally is keep carving time out of my day to spend with the charts. As for help from you Strat and the rest of our community here at the University. Two things. #1 Quickly identify "Sore Thumb" trades and immediately place positions. #2 Understand the Price Action...
#1 Quickly identify "Sore Thumb" trades and immediately place positions.

#2 Understand the Price Action quicker when the trend is coming to an end or when a position is not going as planed, then close them.

When you really understand these, the "rest" is just practice - the thousands of hours on thousands of charts until you can do it on "auto pilot".
15 YEARS OF PASR ON FOREX FACTORY!
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